Freemarket decides the price. However, things to consider when investing and in this case XRA.

1) Scam = Definitely not
2) Developer = Presstab (enough said)
3) Community = Solid and growing.
4) Longevity = Still in early adopter stage, low supply, most of the supply is held by long term stakers, (little chance of dumps), claimed addresses for reference http://www.presstab.pw/phpexplorer/XRA/richlist.php
5) HyperStake (XRA big brother) been around for over 2 years, still listed and activly traded on most major exchanges, so I asume XRA will follow in HYP footsteps.
6) Fun as hell to stake, specialy when it comes to using the lock block feature.
7) I would add some more stuff, but I am on my cell phone.

Happy Staking.

I think i know who the puppet master is of this "noob" account is.
Never the less, not sure if you said anything negative in regards XRA in your reply, you just validated few of my points and were way off base on the rest due to your lack of knowledge on the specs of the coin. Even still,  your reply makes XRA sound better than 99% of the shitcoins out there, including yours, spots

To number 4 and 6: Now that all alt coin prices were low, there was chance to achieve good position on richlist by spending 1.xx BTC to buy 1 million of HYP or XRA at +100 sat price. But somehow there are always some people that seek confidence from rising market. And they sell in despair when price starts to lower. This happens with every alt coin. I would be more worried about those coins that have hundreds of BTC's volume in the begining and no dev after two weeks. That's where your fingers are burnt.

1) Look at my profile and you will see the date I registered was: July 28, 2014, 11:45:57 PM. I've been around well before then. Hardly a 'noob' in altcoin terms, but a relative noob to Ratecoin granted, despite this being my second time around. Both times I've been disappointed.

2) The meat of the matter was your post and the posts of others who weren't telling the full story. Ratecoin staking is loaded in favour of the largest stakeholders who have made it difficult for others to stake successfully. See my earlier posts.

3) The full quote for the relevant sentences were: "I'm just pissed off in seeing another PressTab influenced POS coin luring me into a dead-end. Wasting my time and money. I think that is a fair comment that newer investors could verify for themselves." Since you earlier took the level of the conversion down to excremental terms ("shitcoin"), may I ask: what part of 'pissed off' don't you understand? To paraphrase: I was highly disgruntled by the way in which coins having had PressTab's involvement have proven difficult for late adopters to stake - and seemingly easy for the few who have put a stranglehold around the coin. Other coins exhibiting PressTab's work include HyperStake and PayCon, both of which I have had experience of.

4) You are correct. I didn't feel like staying around to utilise this coin to its "fullest, with the highest bracket of interest stake payout by locking blocks, since" as you point out, "the coin hasnt been around that long." The coin has been out for five months. After my second try, it didn't take me long to come to my previous conclusion that this coin is just another HyperStake, only harder for 'newbies' to stake. One of my blocks consisted of the best part of a 100,000, staked for approximately two weeks with an estimated payout of 180 (or was it 108?) with a weight of well over a million. Hardly a sizeable return if it had staked then, but it looked like it wouldn't stake for a long time. The estimated days to stake were 1-1, then went up to 1-2 after several days. The block estimate went up from 0.2 to 0.29 days and stayed there for days. But that's not the point. The point is that the full story wasn't being told, and to be frank, it seemed to me, that it was being purposely held back. That's why I made my post.

5) Troll?! It's easy to namecall when you can't construct a proper argument, isn't it? My post was made in response to yours and others who weren't telling the full story (see point 2)).

By the way, my Ratecoin staking addresses were:

RHJjUjyTYR4uXuEmnU2M9RrDkmdrEbVLJU
RMA9qp1TqS5kx8DJPZCbi1Sh2MzPRzZknc
RJxKtQDXm6Rui3JTKxMUExLnXJvnC64SnD
RLXJSY8886thP86xviU96LNjxS5zTmz3s5
RBW9QVuNa1w12KVhzCLfCckRrLKeQBTvWY

and other minor ones were:
RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh
RT3novRRxfPB4xSxCgEGvULhsiPwkek4c3
RBCpnGa2Sug4LZjo4w1f7NssR4Vy8mBhQr
RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh

You can keep your 50,000 XRA. An apology would be more fitting. Otherwise, fully answer the comments made in my original post. I've shown you the courtesy in answering yours.

@ sparksi
Thank you for your explanation of staking. To pick up on one of your points: "With 50 000 XRA you are expected to stake once in less than three days (0.00064 * 480 0.8 = 0.384)". I can assure you that this didn't happen. It might be probable for one such stake to mature if you had a large number of such amounts, but not with a single amount in my experience. If I remember rightly, the probabilty indicators of my wallet showed I was over a week away from stake maturation at the three day stage. I invite genuine potential investors to try this with an individual amount of 50,000 XRA if they are of a mind to verify this.

The Ratecoin major stakeholders are in pole position and seem to have reduced staking to a numbers game. This is done by carpeting with large numbers of small amounts to effectively squeeze others out. It might be viewed that this is similar to a Ddos attack, but in this case it is a significant denial of staking for ordinary investors that is taking place. Possibly mega-amounts are punched through when opportune staking windows occur, but that is supposition on my part. Nothing wrong with such shrewd practice. My main beef was that, by omission, people were not being told the full story. It seemed to me that they were being lured into buying and Kushedout's post caught me at a time when I felt very strongly about this (see my original post).

Well over half of all XRA is currently contained in 10 addresses (55.92%). 91% of all XRA is in the top 50 addresses. 98.10% of all XRA in existence is in 100 addresses. That in itself poses the question: Just how many of those addresses are contained in one wallet?

Take a look: http://www.presstab.pw/phpexplorer/XRA/richlist.php  The pie chart explains all. The Rich List prominently includes you, Kushedout, PressTab.

If you examine my addresses you will find that I had one block with a lot more than 50,000 XRA in it and it didn't mature after two weeks of staking. This admittedly wasn't continuous, but was for substantial periods every day, or two, over a period of two weeks. I had several other smaller, but not inconsiderable amounts staking at the same time. All my main addresses were in one wallet and my attempted staking occured recently in October and this month, November. I included all my addresses to show a paper trail if anyone wanted to follow it.

I don't want to keep on answering quibbles, or side issues to all and sundry. My main point was to point out that the staking probability of XRA is heavily loaded in favour of the few who own millions of XRA and have crowded out the blocks with high numbers of small amounts.

So, let's stick to my main point: is Ratecoin staking heavily loaded in favour of a few, and importantly were people being told about this when several of you were outlining staking strategies? I await Kushedout's answer since my comments were directed mainly at his post.

It's true that short term staking is more favourable for large wallets who can have smaller blocks for staking leading to smaller weight loss when they stake. But this coin offers also option for long term staking. Maybe if you bought at 600 sat and don't have patience for 256 days then I liberate you to announce your fingers burnt. If I analyzed your addresses correctly you had ~40 000 XRA untouced for 13 days. Are you certain that you had your wallet unlocked for POS for that whole time? During that time you should have staked. And on 10th of november you reseted all weight you had. Not sure about your balance nowadays, but it should take time now. I'd say most feasible thing would be to gather all your XRA into one big block and wait for 256 days to receive 25 % stake. That way you have huge weight on that block when it's ready for staking.

"organ grinder answer, not the monkey."  This is gold.

I answered all your questions above.

Anyways, I am done with you. Looks like you got burned due to bad staking and trading strategies and you are trying to blame someone.

Go increase your noob post count somewhere else.

I had another look at the transactions from my main Ratecoin wallet. I will focus on the 44,693.7474831 XRA which you picked up upon and take you through a journey it took with three other amounts to become a single block of 76,486.31310775 XRA using control to execute a payment to myself. Here are the transaction details of all four amounts, numbered 1 to 4, coming into my wallet:

1)
Status: 8726 confirmations
Date: 24/10/2015 03:36
From: unknown
To: RMA9qp1TqS5kx8DJPZCbi1Sh2MzPRzZknc (own address, label: A002)
Credit: 21120.73134894 XRA
Net amount: +21120.73134894 XRA
Transaction ID: 5193df21d5600b479c230b9c6a21476dc66ac0673a31d9313955a0d104a62ab7

2)
Status: 8679 confirmations
Date: 24/10/2015 06:34
From: unknown
To: RHJjUjyTYR4uXuEmnU2M9RrDkmdrEbVLJU (own address, label: A001)
Credit: 44693.7474831 XRA
Net amount: +44693.7474831 XRA
Transaction ID: 293c864d0fc1104e729a99df63a2e809023d5d6b46777647aec29bdd978ebab2

3)
Status: 8584 confirmations
Date: 24/10/2015 11:15
From: unknown
To: RJxKtQDXm6Rui3JTKxMUExLnXJvnC64SnD (own address, label: A003)
Credit: 9378.33528571 XRA
Net amount: +9378.33528571 XRA
Transaction ID: 40b590fbb1eac31bd0964a51c74b628ff4e79986dc0a47c6fedb2ad693309893

4)
Status: 8525 confirmations
Date: 24/10/2015 14:42
From: unknown
To: RLXJSY8886thP86xviU96LNjxS5zTmz3s5 (own address, label: A005)
Credit: 1293.499 XRA
Net amount: +1293.499 XRA
Transaction ID: c27babf20de90d46b91aa62238aa6f3f12e0d5d1d6f896ff77dba19461355054

On 24th October 2015, these four amounts were combined into one block for staking using coin control. As you no doubt know, when you do a payment to yourself in order to combine, the address used comes out as "0", or at least it did in my case. That is the missing link you correctly presumed was possible. The Txid should confirm the transaction for you to your satisfaction.

Amounts 1) +2) +3) +4) = 76,486.31310775 XRA. Here are the transaction details:

Status: 8512 confirmations
Date: 24/10/2015 15:20
Debit: -76486.31310775 XRA
Credit: 76486.31310775 XRA
Transaction fee: -0.00001 XRA
Net amount: -0.00001 XRA
Transaction ID: 373de2bbfae1aa0199802165aed63e5f034f7f594669f8e77457d160c9b2b05d

This amount of 76,486.31310775 XRA was unsuccessfully staked for 17 days despite accruing a weight of well over a million, and I do mean well over a million. A few days ago, I came to my conclusions about Ratecoin and on 10th November I sent that amount to Bittrex for sale. Here are the transaction details confirming the date the 76,486.31310775 XRA left my wallet:

Status: 905 confirmations
Date: 10/11/2015 21:04
To: Btx RP1nC2TyfUCgcoTXptzev7AXWdrXkv6fVh
Debit: -76486.31309775 XRA
Transaction fee: -0.00001 XRA
Net amount: -76486.31310775 XRA
Transaction ID: fc88d7e6d0ee69fa281483e67c3c845846964668feb7866fd12db9052b526e18

I think these were the details that you and Kushedout were seeking. Several other substantial amounts that were also unsuuccessful in staking within a two week period were also sent to Bittrex for sale, as well as to Cryptsy and to Yobit.

Your tone, which is non-confrontational, is very much appreciated. However, I do see your posts as deflecting from the main issue and my commentary on Kushedout's original post. To restate the my main assertion: Ratecoin staking is heavily loaded in favour of a few, and more importantly, people were not being told about this when several of you were outlining staking strategies in advice to potential investors. That got to me.

I note that Kushedout thinks this diversion is gold. I agree with him. I don't have the time at the moment, but I shall shortly deal with his last post where he avoids my main question and resorts to name calling again.

Thanks for your input.

Just one question for you now, Kushedout: is Ratecoin staking heavily loaded in favour of a few? Yes, or no. Simple.

My experience is that it is. I believe that your answer will be of interest to potential investors and I don't think the question is irrelevant. I'll come back to you later with a more comprehensive post dealing with your previous comments and any answer that you may care to give in the meantime.

yes scam