[ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency

[Tyke]

Peercoin will feature two pages in the book called Cryptocurrency "The Alt-ernative" the Beginner's Reference

https://bitcointalk.org/index.php?topic=483187.new#new


Please donate to the below Peercoin wallet address in order to help fund this project:

PPdMapGc4uBxUafofpvbgwqWgPWRfxW9FK

It will have 2 pages similar to this:





If you spot any spelling or grammar errors, these are easily sorted.  I do have a full time job as well as trying to get this project completed too.

[tx42]

After coins stake and earn interest, is it necessary to manually send these coins back to yourself to restart the aging process, or does that happen automatically?

[sahkan]

After coins stake and earn interest, is it necessary to manually send these coins back to yourself to restart the aging process, or does that happen automatically?

Automatic

[tx42]

After coins stake and earn interest, is it necessary to manually send these coins back to yourself to restart the aging process, or does that happen automatically?

Automatic

Awesome! Is that a feature of the original release, or has it been added since the original release?

Many explanations about staking are very confusing in this regard.

[sahkan]

After coins stake and earn interest, is it necessary to manually send these coins back to yourself to restart the aging process, or does that happen automatically?

Automatic

Awesome! Is that a feature of the original release, or has it been added since the original release?

Many explanations about staking are very confusing in this regard.

Once you mint a stake, it comes back to your wallet as a new transaction after 520 confirmations. It's always been like that.

[tx42]

Once you mint a stake, it comes back to your wallet as a new transaction after 520 confirmations. It's always been like that.

So, just to get this straight, my understanding is this: After the 520 confirmations, the original stake is sent back as a new input that for all practical purposes is treated the same as any other new input. And, by "treated the same", this includes coin age as well as the future potential to be converted to stake.

Thanks for your help!

[sahkan]

Once you mint a stake, it comes back to your wallet as a new transaction after 520 confirmations. It's always been like that.

So, just to get this straight, my understanding is this: After the 520 confirmations, the original stake is sent back as a new input that for all practical purposes is treated the same as any other new input. And, by "treated the same", this includes coin age as well as the future potential to be converted to stake.

Thanks for your help!

Yes. It will come back as your stake+POS reward. If it was a large stake it will come back split into 2 equal value transactions.

[c-cex]

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[VarDiff]

Peercoin added to altcoins database
You can vote for coins and pools. Good luck & have fun!

[PhoneBloks]

Hi all,

may I ask is peercoin POS coin ? or just POW ? Thank you very much for help in advance

[mhps]

Hi all,

may I ask is peercoin POS coin ? or just POW ? Thank you very much for help in advance

Peercoin is a POS coin. It is the first POS coin. It also uses POW to generate and distribute coins before POS takes up a dominant role, gradualy.

[coin-table]

Hi,

I'm running the site http://www.crypto-coins-table.com.

I have listed your coin already. To provide the full information
for all users you can update the information here:

http://www.crypto-coins-table.com/index.php?var_action=update_coin&coin_id=PPC

regards

[stormia]

Please if anybody can answer this guys questions, it would be great for ALL PoS coins. Idk why this was only shared with mint forum...

im still on the fence


can someone explain how this stops someone from generating lots of PoS blocks 20 days in the future from a bunch of TX's with small interval, whether through one or multiple wallets

Code:

ss << nStakeModifier;
ss << nTimeBlockFrom << nTxPrevOffset << txPrev.nTime << prevout.n << nTimeTx;
hashProofOfStake = Hash(ss.begin(), ss.end());
if(CBigNum(hashProofOfStake) > bnCoinDayWeight * bnTargetPerCoinDay)
    return false;

im not well enough versed with the code to know what these variable names imply

[mhps]

Please if anybody can answer this guys questions, it would be great for ALL PoS coins. Idk why this was only shared with mint forum...

im still on the fence


can someone explain how this stops someone from generating lots of PoS blocks 20 days in the future from a bunch of TX's with small interval, whether through one or multiple wallets

Code:

ss << nStakeModifier;
ss << nTimeBlockFrom << nTxPrevOffset << txPrev.nTime << prevout.n << nTimeTx;
hashProofOfStake = Hash(ss.begin(), ss.end());
if(CBigNum(hashProofOfStake) > bnCoinDayWeight * bnTargetPerCoinDay)
    return false;

im not well enough versed with the code to know what these variable names imply

I am not sure I totally understand the question  but the network will reject blocks with a time stamp more than 2 hours off hence POS blocks generated with future time won't help you now. If you save the found blocks and broadcast the result when time is due, remember that any unspent tx  finds a POS block, this tx will not be allowed to find a POS block in 30 days, and the POS reward will be proportional to the coin age of the tx. That means you can't use this method to get more than your reward than the stake you have. All you get is better compounding of POS reward ("interest of interest").

[Anonymousg64]

Please if anybody can answer this guys questions, it would be great for ALL PoS coins. Idk why this was only shared with mint forum...

im still on the fence


can someone explain how this stops someone from generating lots of PoS blocks 20 days in the future from a bunch of TX's with small interval, whether through one or multiple wallets

Code:

ss << nStakeModifier;
ss << nTimeBlockFrom << nTxPrevOffset << txPrev.nTime << prevout.n << nTimeTx;
hashProofOfStake = Hash(ss.begin(), ss.end());
if(CBigNum(hashProofOfStake) > bnCoinDayWeight * bnTargetPerCoinDay)
    return false;

im not well enough versed with the code to know what these variable names imply

I am not sure I totally understand the question  but the network will reject blocks with a time stamp more than 2 hours off hence POS blocks generated with future time won't help you now. If you save the found blocks and broadcast the result when time is due, remember that any unspent tx  finds a POS block, this tx will not be allowed to find a POS block in 30 days, and the POS reward will be proportional to the coin age of the tx. That means you can't use this method to get more than your reward than the stake you have. All you get is better compounding of POS reward ("interest of interest").

im talking about TX's generated something like a second apart, a huge consecutive set of TX's
20 days from that point, will i see a huge set of consecutive PoS blocks?
the wallet software may have delays and take many tx inside a time window, but this cannot be relied upon since someone could make a wallet without such limitations
or do the attack with multiple wallets

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[Sunny King]

Peercoin v0.4.0 is now released. This is a mandatory upgrade release, upgrade deadline is May 4th, 2014. Please visit peercointalk forum for more information and detailed instructions.

http://www.peercointalk.org/index.php?topic=2473.0

Cheers!

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