Quote from: David Latapie on December 27, 2014, 04:11:50 PM

Quote from: iantunc on December 25, 2014, 10:12:58 PM

Quote from: nioc on December 25, 2014, 12:54:40 PM

Quote from: David Latapie on December 25, 2014, 06:54:34 AM

- The actual chances of winning depends on the number of tickets. The more tickets, the less chances of winning so the less new HYP you'll get, which is how HYP controls inflation

When I first read the bolded I took it to mean the number of tickets a person has since that is the perspective of the other points. Obviously this can't be correct and being that I am familiar with HYP I know this and was only confused for a short time. May I suggest you clarify the point and say something like "The actual chances of winning depends on the total number of tickets everybody has.".

Yes, the last point should be slightly elaborated. Your personal daily chances of winning depend on the proportion of the total number of your tickets to the total number of all active tickets, i.e. blocks in all wallets that are actively staking. If you have a fixed number of tickets, and the total number of all active tickets rises, your chances decrease. If the total number of all active tickets remains fixed, but you have got more tickets, your chances go up (you'll get a bigger number of wins respectively). It's also important to emphasize that this lottery guarantees you a win (up to 1000 HYP) sooner or later, if you have an appropriate (for a given moment) block size.

I changed for this:

Quote

- Your actual chances of winning depends on the ratio of tickets you have compared to the total number of tickets everybody has. If you keep staking and bon't buy or sell, you "run for standing still", that is your chances are always the same. But if you stop staking or sell, you have less chance to get win, because the coin production continues whilst you have relatively less tickets. On the opposite side, if you buy, you increase your chance of winning, since you increase your ratio.

Better? Notice I removed the inflation control part, I did not know how to place it.

Yes, a detailed explanation in a newbie-readable form) Just few little corrections (in bold):

Your actual chances of winning depends on the ratio of tickets you have compared to the total number of tickets everybody has. If you keep staking and don't buy or sell, you "run for standing still", that is your chances are always the same (slowly increasing in time). But if you stop staking or start to sell more than recommended percent of your stakes, you have less and less chance to get win (that is how the inflation control works), because the coin production continues whilst you have relatively less tickets. On the opposite side, if you buy, you increase your chance of winning, since you increase your ratio.

I think this explanation is enough, because the inflation control is the next level of knowledge, and it either needs some separate attention or is already covered in our wiki.