Ninjastic
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Board Announcements (Altcoins)
Re: [ANN] Diamond (DMD) Evolution v 2.0 | NEW wallet, 50% POS Active
by
GimmeMyCoins
on 13/05/2015, 19:12:34 UTC
Quote from: Graywolf on May 13, 2015, 06:38:06 PM
Quote from: GimmeMyCoins on May 13, 2015, 03:26:03 PM
Quote from: cryptonit on May 12, 2015, 10:41:13 PM
Quote from: Galactus on May 12, 2015, 10:07:56 PM
pos not 3 days? 9? but in specification is written 3.

its actual at 9 days min age
BUT average time to mint  it will raise more towards 30 days now that the POS diff raise again and network adapted towards the new POS blocktimes

when u able mint a block have luck involed but the rewards u will earn always fit for the coin-age u gathered with that coin pile

so u lose nothing just because it need a few more days until u able claim a block


I normally don't post but this question has troubled me since it was addressed as a "minor" issue. What is the deciding factor for choosing the POS minimum stake age for the coin specification? I understand how it all works (i think i do Smiley but why was 3 days chosen and now 9 days is OK? We are talking about the the coin specs which I don't think should be determined by incorrect coding of the wallet. However, I do appreciate the amount of effort from everyone involved.

I personally was excited the POS minimum stake age was lowered to 3 days (I would prefer to it be 1 day, why wait 9 days?).

Thanks to everyone for their continued support of DMD Diamond.

Edit: This is meant as only a question and not FUD. My confidence in the DMD Dev team and the community is in no way shaken and I will continue to support it because I think that is what makes DMD Diamond a great investment.

Hello
If the POS min goinage is short (one day), it means that only
a big pile owner can mint and a small pile owner does not mint nothing,never

br

That is an interesting idea. Could a current big pile holder mint everything if his coin piles were distributed into nice piles that would equal the number of POS blocks for 1 day (or 3 days or 9 days, why not) and prevent smaller holders from minting regardless of their coin age and accounting for randomness? If possible (not sure it is) there would be no advantage to maintain the piles (50%/year) and eventually the piles would be broke down into the same small piles competing against other small piles with coin age and randomness being the deciding factor.
In the end (if your concern is true) we would still be where we are right now but new holders and maybe even potential dumpers would see the joy of POS and stick around.

Interesting thought experiment if nothing else.