Review on Rubies by Chase Johnson
Another week gone by. The progress on this coin is pretty slow, and I've been…
Another week gone by. The progress on this coin is pretty slow, and I've been pretty patient for way too long. I bought in at over 11k sat each, and have picked up quite a few more around the 1000sat price. Now, I'd just like some updates on a bi-weekly basis as to ease my mind in knowing that there is at least some sort of development going on. Transparency is the best option, if possible, and just a bit is all I ask. I'm pretty sure others feel the same way.
I became interested on this coin on Yobit I am getting a lot of RBIES from the free coins and when I checked it's value it's worth it is being traded really good I am looking forward to download the wallet and buy some of this coin..
Pros
- Yes the time is drawing near for the next big Business launching (it's established over 2 years old) and will open up Rubies to numerous sites and developer/owners. The focus is on usage for Rubies and to this endeavor we are successful, but more is always better for everyone. I will explain in more detail what this means for everyone once I get the "ok" from their owners. They may want to announce it themselves as well. In terms of quantity of sites Rubies will be used on; it is estimated to be available on 30 or more once this is official.
Cons
- Here is a partial copypaste from the original post of this thread:"Coin SpecificsRubies (RBIES)Proof of Stake 60 second block time10 million coins total supply, created in Block 1 12 hours min coin stake age 5% Annual Interest on Staked coins 100 Block confirmations to maturity (for mined or PoS blocks) 5 block confirmations for coin transfers between wallets"/copypasteGuess the two bolded sentences answer your question. Also have a look at those video linked in OP: they explain almost everything you need to know to start using/staking rubies.
