my unstaking finally was processed after 2+ weeks. Nice!
Time to unstake
I do agree with @CodedInk-KryptoHolic, unstaking shouldnât be taking such a long time and is bloody scary when it comes to big amounts.
Regardless if you have a pnode or a vnode, one does not get selected more than the other, that wouldnât be random.
And in terms of a pattern, it wouldnât be random if there was a pattern.
The randomness is the key to the privacy network, but I am interested to see if you were able to be unstaked yet after your vnode earned, if it earned yet that is?
There are some functionality that with all the other advancement in other areas of the app seems like automation of these task has been purposely withheld for some internal reward/benefit.
@CodedInk-KryptoHolic, I recently won the badge for the Longest Non-Earning Streak. My pnode took 29 days to earn and unstake.
At the time, I wrote to the devs and posted in Bounce Ideas that unstaking shouldnât be based on chance.
I still believe this, but there is a detail I didnât know back then, so @hungngo provided some welcome insight into the issue. Youâre right that immediate unstaking has been withheld (or, more accurately, postponed) for an internal reason, but itâs a technical, rather than nefarious, reason. As @Jamie is indicating, the team wants to maintain network stability. @hungngo explains:
I hope this provides, if not comfort, at least an explanation, and I hope that you earn and unstake soon.
Ladies and GentlemanâŚI consider myself a new kid on this block called incognitoâŚand so I have for the last few days been reading and reading all kinds of posts on many a different subjectâŚI personally believe in your project so far and hope to continue tooâŚbut I will share thisâŚthis kind of issue in this particular topic is a very serious business and game killerâŚa client for starters must be made very aware of the pitfalls and shortcomings of the project though they may exist temporarily for nowâŚfor if notâŚthe problem this client is having and others likeâŚGoldâŚwas havingâŚtheir funds being tied up in such a way is a serious no noâŚand believe me so this issue is going to keep coming up and biting you in the you know whereâŚthis issue and others like it must be addressedâŚperiodâŚand I hope the community doesâŚor this project mark my words âŚwill not survive
@taruneldho @Gold @Tempestblack @CodedInk-KryptoHolic
I donât understand how upset everyone is getting about this?
A fast Google search for crypto staking or DeFi crypto lending and youâll see a lockup period is very common. A site that I use for investing my crypto has a 6 month lockup period where I canât get my funds returned to me. Also if you look up most crypto stakes they are also contractually locked until a certain time.
The project has been developed to allow withdraw node earnings. If your node stays online 24/7 like it should be then youâll be making enough in earnings to cover the cost of node operation.
Good thing they are doing so in Q4.
But, also, itâs not like the money is being stolen, it just takes time, I get time is money, but the node will still literally earn. No money is being stolen or wasted, so I hear you, but this is one of those, âWe cannot do this yet due to we donât want the project to implode, but it will be changed at this set timeâ.
First year is always tough, introducing a new type of way of doing crypto to the WORLD is tough.
Great first year strides, cannot wait to look back on all of the changes, updates and moves incognito makes at the start of year 2.
@Jared, thatâs definitely true.
I think there are a few reasons why the wait time for unstaking nodes troubles some users. I think the first reason is, how unstaking works is not widely known. In other projects, they tell you upfront how long your money is tied up. Incognito does make this information available, but itâs not front and center when you stake. Some users donât even know the information (and random wait time) exists. As I write:
Because the information about unstaking times isnât widely spread (or presented just in time), users form their own assumptions, and are upset when those expectations are shattered. I think if the information were delivered to users right before they stake, it would help manage expectations and mitigate negative feelings.
Also, other projects give you a set amount of time for the lockup:
So I think thatâs the other reason why unstaking based on chance upsets some users. Itâs unpredictable, and thatâs not a word we often like to associate with money.
It sounds like the Incognito team is working on this, though, in a couple different ways. I believe they will come up with something that will help educate and appease their user base.
Ladies and GentlemenâŚI am not upset in any wayâŚand I understand about funds or deposits or stakes being at times tied up for a set amount of time in the crypto universe when it is investedâŚitâs like when a person ties up money in CD at a bankâŚso believe me when I say I understand and agree with you about the reasons for the unstaking taking the time it takesâŚall I am saying is that another new client or user to the communityâŚmightâŚnot be so understandingâŚand well that is where the issue will come upâŚso tis why I only suggest that these kind of issues be either resolved or made very clear to a new clients or members as they come on board in the futureâŚso misunderstandings one could say can then be avoidedâŚtis all
So is it true. If let say, i stake a couple days ago and my vnode status is still waiting.
than i wanna unstake during waiting status. How long it will be my prv coming back.
I just hit unstake my vnode during network status âwaitingâ.
and now unstaking in process
i will see, how long it will take time to get my prv back.