Cost to vote?

[cshelswell]

Hi, possibly a bit of a stupid question… I understand that you need 10k nushares in order to have a vote, I presume though if you want to vote it doesn’t actually cost the 10,000 nushares you own? Those are shares you keep but allow you a vote in the proceedings?

Cheers

[Yurizhai]

You don’t lose the 10K NSR, no, in fact when you successfully mint a block and vote you are rewarded with an additional 40 NSR.

[creon]

No those 10,000 shares are only locked up for a while. You even get 40 new NSR each time you vote.

Voting happens when you find a block using Proof of Stake, and every minute each “chunk” of 10,000 shares is a valid candidate to create one of those blocks.

[cshelswell]

Awesome thanks! So I take it I can use the “motion vote” button to cast a vote on items on the forum here?

[creon]

Correct, just add the motion hash from the forum post and you’re good. Please make sure to have the most recent wallet installed, it should be version 0.5.4

[Yurizhai]

Yep, just input the hash and whenever you mint a block you will be voting for all motions you have listed in your client, as well as parking rates and custodial grants.

[cshelswell]

Correct, just add the motion hash from the forum post and you’re good. Please make sure to have the most recent wallet installed, it should be version 0.5.4

Yeah I noticed there had been a new version but I’m on a mac and only have 0.5.1-beta is there a newer version for mac available?

This is nice forum software btw, really intuitive.

[creon]

I’m on a mac and only have 0.5.1-beta

Unfortunately 0.5.4 is not available for Mac yet, but you absolutely should update to 0.5.2 as soon as possible:

https://nubits.com/download

Hopefully 0.5.4 will be released shortly. Until then better use the blockexplorer to follow motions.

[cshelswell]

great thanks - I’ll get that updated and keep an eye out for 0.5.4

[tomjoad]

Nice to see you @cshelswell! For those who are unfamiliar, he was responsible for designing banners for Peercoin’s social media last year, and I believe he was also working on sound effects for a video.

[cshelswell]

Hey - yeah sort of been sitting in the wings for a bit but quite interested in the NuBits / NuShares setup. As usual you seem to have a great community building up. Great to see!