480 is 40*12 (40% per month). Simple as that.

Now since the interest is not exactly 40%, this is different. I've updated the comparison matrix ("monthly stake" and "yearly compound stake" columns).

vote for TEK at https://www.allcoin.com/vote currently #3 

The facebook group is now at:

https://www.facebook.com/groups/TEKcoin/

Jason

People just dumping large amounts of stake instead of placing sell orders and waiting for the market to catch up? And price-wise we all seem to suffer as a result - including those that are selling their stake, I'd guess...

Agreed. I made that mistake and put my hands up to it. Only have myself to blame. I bought 5 BTC worth right near the peak, with the intention of holding long term for compound interest. It is now worth 2. But, I wanted in at that point to start staking. Of course I am not going to sell, more like let the interest compound over long term and perhaps even buy some more coins at these low prices.

I do believe TEK is currently undervalued, the community is mature and long-term thinking & the short-term profit makers are selling out & exiting at the moment.

TEK will go back up over time in my opinion.

Getting TEKcoin to rise in price again is also a matter of giving it a living community.

As you may  know, I created the #TEKcoin IRC channel. Now, I am on the process, thanks to drewdrew, to have a tipbot in it. Come join in, tipbots attract newcomers. Sure, you will lose some of your staking power, but consider it as an investment. I suggest divesting up to 1% of your stash to tipbot to share on IRC members.

Edit: what is TEK's block height? drewdrew needs it for the tip bot. Thanks.
Edit2: tipbot operational. I started to pour rain over the channel. Crazyloaf and cazze are the only one here out of me and drewdrew so they are the lucky winners. Now they can start pouring rain too.

My plan is to hang back, watch the idiots, and catch what they drop.

And if you are dumping tek, you ARE an idiot! My sells, when I get to that point, will be at least 10 percent above the market that day, and I won't budge on that price. If all of you start doing that, it'll be back in the 70-80k range in no time.

I figure brutal honesty is the best policy in this case. I'm gonna tell them they are damn fools while enriching myself on their foolishness. Either they'll ignore me and give me more cheap tek, or they'll listen and quit being idiots, which improves the value of my coins. Either way, I win. One way, they do to

I'm really quite jealous, Ive managed to pick up some TEK on that last sell to 22500, Thats about it...for now