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?
What Pat meant was it's not possible to pull out that number without editing code. In the current wallet it's not possible. By not too much I mean it's relatively attributable to the coin amount give or take some percentage for age. For instance in stake dips it's quite likely that the number drops below the potentially stakable coin due to young age.
It would however be clearer to just have the raw number of coins to monitor as well.
Well thank you Doug for finally getting my point AND doing something about it since, it is painfully obvious that the current numbers are, in fact, totally meaningless because, as I edited added to my previous post, the current given numbers could be in fact so staggeringly out of touch with the real ones that it could approximate or even surpass DOUBLE those real numbers.
I am not a mathematician, obviously, but my common sense tells me bundles about the potential repercussions of such a huge number of fictitious coins staking at any given moment, but I'll patiently wait for that update in the wallet that allows everyone to actually know the real number of coins that VRC has for the 26.8 mill given by Patrick is obviously an approximation I don't know based on what... 30 (or more) million coins staking can produce a significant number of additional coins by the day.
Oh and Patrick, I don't have to ask Sunny King anything. I ask you because I have invested in you... one of the reasons for it being that I was under the impression that the "dynamic" interest was actually an improvement in the POS distribution model of Sunny King, one that would allow everyone to know, at any moment, the EXACT amount of coins that were staking in the network and the exact amount of total coins in existence. Hopefully, the new iteration of the wallet will provide that sooner rather than later. I will (im)patiently wait...
And yes I remember that post and given that I have a very good memory, most of all others. Feel indeed free to correct me if I stated in error the numerical order of your alma mater... I expected you to come with some sensible explanation as to what effect did you really wanted to have placing sell order with your 200k coins, really. That doesn't require a special level of intelligence, does it? If you sell, the pressure that you put is towards sending the price down; if you buy, the pressure goes on the other direction. Pretty simple, really. Even for anyone not having studied in an university ranked below 23rd or even community college and I would even say basic education at a very early level, so it would be nice to know exactly what it was that you were trying to achieve... correction, how were you trying to achieve that nobody but you "... would lose anything".