To prevent any future disputes about the content of the Turbo Stake Guarantee, we have enshrined it in the Synergy block chain using the transaction comment feature.
Because transaction comments are limited to 512 bytes, the Guarantee was split among 6 transactions. Following is the text entered into each transaction with the corresponding transaction ID (TXID) given at the bottom of each section.
Announcing the Synergy Turbo Stake Guarantee
We designed Turbo Stake to encourage users to stake their Synergy rather than send them to an exchange during the early days of Synergy's life. In terms of promoting stake, it has worked fabulously well. But, as we all know, there have been some bugs due to the new code that have worked to the favor of some users and not others.
TXID: 254971caac8cca15372572eeceaf09889734ebee9039c5f571347664280a9ba7
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As much as we want Synergy to be secure, we want Synergy stakeholders to also feel secure in their investment. Therefore we offer the Synergy Turbo Stake Guarantee. In short, *we guarantee that stakeholders will not lose any share of the Synergy money supply during the course of Turbo Stake*. To make this guarantee, we will cover the difference using the development fund.
Here is an example of how it works:
TXID: ebe3b109f968ab5d0880585e6aa889ada4ff87e6f4eb407b74f7fb14c4362a27
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Let's say Amy starts with 250 SNRG at the beginning of Turbo Stake, and the money supply is 250,000 SNRG. This means that Amy has 0.1% of the money supply. Let's assume that for reasons beyond Amy's control that she could not keep up with the money supply, which had grown to 300,000 SNRG by the end of Turbo Stake, but Amy's holdings have only grown to 275 SNRG. To get back to 0.1% Amy needs 25 SNRG. That means to fulfill the Turbo Stake Guarantee we will pay Amy 25 SNRG from the development fund.
TXID: 264f022b7da175b685e8a21966ecf9a9b1e344ed3e34ce83d465c98cea411536
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Now, let's say that Mike also staked, but he went from 250 SNRG to 303 SNRG over the same period. In other words, Mike went from holding 0.1% of the money suppaly to 0.101% of the money supply. Mike would receive nothing because he stayed even or made a profit.
TXID: 4c1f7979b424e61fd8d0369b169b2ca2b40d2d8cd69b418cc69ed2a6c083b76f
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Rules
* All staking addresses must be created by 6:00 AM UTC June 4, 2015.
* Starting balances are calculated at the time of address creation or the time stamp of the first Turbo Stake (2:00 AM Eastern time May 28, 2015), whichever is *later*.
* Addresses must have a balance exceeding 20 SNRG, which has a value of 0.0032 BTC at the time of this post.
TXID: 7a813edf6ee7508c870c641595dc9248adb82364ee2d5c691e339373462c670d
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* Addresses must have evidence of continued staking during the Turbo Stake period. Evidence will be statistical using a probability distribution calculated from all blocks during the Turbo Stake period. We will apply a p-value of 0.05 under the assumption of a normal distribution of staking frequencies, given the individual address starting value.
* Addresses must not have evidence of any send transactions (inputs that are not stake) during the staking period, with the exception of sends to the address itself.
TXID: 0242c1d8a19a31a6ccac245d749b85ec293293e95a3b8cfe20503ac1d23003a7
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Nice, I'd say that's pretty official and actually really useful but seems somewhat of a pain. Are there any plans to automate this and make it easier?
