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Title: Is this a flaw in PPcoin? Post by: Remember remember the 5th of November on April 07, 2013, 10:33:16 PM No hack or anything, but what stops a person from say sending X PPC to a few wallets and then running a few PPCoin nodes and every month he pretty much doubles his amount. Basically, the more wallets you have with aging coins, the more you will get.
So essentially, you can quadruple your PPcoins in no time. Title: Re: Is this a flaw in PPcoin? Post by: bcdvojka on April 07, 2013, 10:34:30 PM how would that exactly go?
Title: Re: Is this a flaw in PPcoin? Post by: Remember remember the 5th of November on April 07, 2013, 10:35:45 PM how would that exactly go? Well, proof of stake says that every 31 days of untouched coins, your client will try to generate POS blocks. So that means you can have a few wallets with some PPC, and then every month you may be able to double them.Title: Re: Is this a flaw in PPcoin? Post by: matauc12 on April 07, 2013, 10:35:59 PM I am pretty sure 1% annually of 1/4 x 4 (if you spread to 4 wallets for example) is the same as 1% of 1.
Coin age is quantity of coin x days hoarded. Not coin yes/no x days hoarded. |