why is the 24 high at 28M when total coins is only 26M?
i would like to know that too
Yeah the stake is not directly coins. It's a coin weight that includes coinage (time since last earned interest for each coin). It's essentially normalized including coinage and is close to the total coins staking but a bit more complex. Nonetheless this is some historic staking for POS I suspect and is near the realistic maximum. Impressive show of community strength! Kudos to all you guys! Go VeriCoin!
Hey Doug, at the end pf the day you are going to have to explain this a whole lot more clearly so EVERYONE can understand because right now, before the end of the day, this is starting to sound suspiciously, very suspiciously, like a whole lot of CRAP.
How can a coin that has a max of less than 26 mill coins, all already mined during the POW stage, has now 28 million coins STAKING? This is preposterous. Everyone knows that there are A LOT of coins still NOT STAKING and lying on the exchanges (I know I have quite a few and they are not staking a single VRC), so how the heck can so many coins be staking? An understandable answer, without ANY bull shit, is required rather immediately, long before the end of the day, ok?
Ok first off these aren't fake numbers (this is not a scam).
Since the dawn of PoS network stake is a weight including coinage. The reason is for fair distribution of staking. If the number of coins is the only factor involved in determining the probability of a node solving a block then the small wallets would hardly ever stake. So this weight is actually the appropriate stake value for fair distribution of the stake.
However it would be much more intuitive to monitor just the number of coins currently staked. This number is in the code but is not accessible in a function of its own without coinage, because the age determines which coins in a given wallet are actually staking. In the next wallet Update though I will add this pure total coin staking value as that would be more of an appropriate value to intuitively monitor. Nonetheless the weight is not going to be too much bigger than the total.
What would you consider "too much bigger" Doug? We have had a high of over 28 million just in the past 24 hours and I believe it would be quite safe to assume that at least 6 or more million of the total 26.8 million are deposited currently in the different exchanges, quite probably significantly more than 6 million, so if the maximum REAL number was, for instance, 20 million coins -and I DO NOT believe that many have been staking, not even close-, and the weighted coin age network number surpassed 28 million, you would still think the number would not "be too much bigger"?
And, by the way, you just contradicted Patrick -and the choir boys- making abundantly clear what is even more abundantly obvious: That you can indeed know THE EXACT number of coins staking at any given moment, the REAL number of coins. It would be quite nice if any, at least Patrick, would acknowledge it, don't you think?
Edit to add: Besides the significant numbers mentioned above, there's the additional consideration of the coins that are actually being transferred at any given moment and that are not staking at all... for instance: If someone buy's X amount of VRC at Bittrex and transfer them to his wallet, they will not be staking until after a period of 8 hours... provided the wallet is OPEN, many more hours/days, if the wallet does open at any other time in the future, so the numbers that we know are really not only "too much bigger" but I'd venture to say "staggeringly too much bigger" indeed.