PPC CRYPTOCURRENCY ACTING FUNNY

[lightlord]

These mysterious zeros keep popping up, and my amount keep dropping down.
I originally had 24,000 PPC, but it went to 21,000 then 15,000 and now its 7,900.
What is happening? That's about 10 BTC worth, I hope it doesn't all disappear  
I never sent anything, its coming every couple hours.

If this drops to 0, I guess I will have to cancel the PPC faucet, double spending attack?
Thoughts?

[1714941207]

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[1714941207]

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[Remember remember the 5th of November]

Perhaps something to do with stake?

[doublec]

It's the proof of stake transactions. Your coins are old enough and you've generated proof of stake blocks. These reduce your balance for 520 confirmations and then come back with a little bit extra for your troubles.

If you use the command line build and do a "getinfo" you'll see the amount currently set aside for POS blocks as "stake".

[dreamwatcher]

You are using an older version of the PPC-QT client. The latest version shows the stake balance and understands what stake is. Before that  QT-version, the QT client did not understand stake.

The newest version looks like this with stake included in the summary.




https://bitcointalk.org/index.php?topic=101820.340

http://dl.dropbox.com/u/75013537/PPCoin.7z -  download address.

There is a configuration option to tell the PPC client to only use coins over a certain balance to generate POS block generation.

From the PPCoin Faq:

Because stake is withheld from spending for 520 blocks, if you do need to keep your balance around to be spent soon we provided a configuration option 'reservebalance' to help you keep your balance from being used by stake. You can add a line 'reservebalance=10000' to ppcoin.conf and restart your ppcoind. This way ppcoind would try to keep your balance above 10000 coins when generating stakes.

[lightlord]

Question, can you ever lose your stake?

Or you never lose it?

Do you ever get interest? Or it operates the same way as a normal balance?
Advantages?

[Sunny King]

Question, can you ever lose your stake?

Or you never lose it?

Do you ever get interest? Or it operates the same way as a normal balance?
Advantages?

You don't lose stakes, the stake returns to balance after 520 blocks and you earn some reward which can be roughly understood as 1% annual interest.

[dreamwatcher]

Question, can you ever lose your stake?

Or you never lose it?

Do you ever get interest? Or it operates the same way as a normal balance?
Advantages?

Basically the coins used in POS block generation are addressed back to you + a small mining reward .

For Example:

Inputs
Index   Previous output   Amount   From address   ScriptSig
0    b984ea7ee7...:1    269.5    P9q1FbSFX8ghMh8EZBk1eo7mjJLfWo7gwu    72:3045...4401
Outputs
Index   Redeemed at input   Amount   To address   ScriptPubKey
0    Not yet redeemed    0    Generation Block    
1    Not yet redeemed    134.88    P9q1FbSFX8ghMh8EZBk1eo7mjJLfWo7gwu    33:03c7...f7e1 CHECKSIG
2    Not yet redeemed    134.88    P9q1FbSFX8ghMh8EZBk1eo7mjJLfWo7gwu    33:03c7...f7e1 CHECKSIG

269.5 coins were used by the miner as stake to create (Mine) this block.

269.76 coins will be returned to the miner when the block matures (Just like a POW Block) yielding a reward of 0.26 PPC.

No, you cannot lose any stake coins, the "Stake" in "Proof of Stake" refers to using a persons "stake" in the coin to secure the network rather then POW (calculating hashes against a target difficulty) alone.

[laughingbear]

so pool owners get a great long term return

[doublec]

so pool owners get a great long term return

The churn on a pools wallet due to withdrawals results in getting a 30 day coin age to be uncommon. The current ppcoin client doesn't take coin age into account when computing inputs for sends.

[Vitalicus]

who can tell me please.. If my PPCoin wallet is securised (with pass), this wallet will generate Proof-of-Stake ?