In GPL code:
unsigned int nStakeMinAge = 60 * 60 * 24 * 365
Does this mean that our coins have to sit for a year before they accumulate stake? Please say it isn't so...
^This... I have coins since release and no stake generated... Also, what's the word on the exchange/cryptsy?
It certainly does, but look on the bright side! People holding on for a long time to coins, increases the value. Also as GPU's become inefficient over time, people may choose to mine a scrypt-jane coin as a "second" coin on a mining machine.
I see it like this... 1 PC running SHA_256 Asic (that needs a host machine), scrypt GPU and scrypt-jane CPU all at the same time. It possible and is a way to make mining more efficient.
you could mine, Cubits or Bitcoin, UFC or Litecoin and GPL or YAcoin all on the same PC at the same time.
But in answer to the original question, yes it's a long time to wait I know, but it will decrease coin availability.
Yep it's 365 for the first pos blocks to appear. Designed to make people save and buy.