What about PoS and
change addresses?
I hope you took care of that. I do not want to have my 20 days reset whenever I move a small sum out of my wallet.
Change: If I send, there are usually two target addresses involved. Only one of the two amounts is actually moved out of the wallet to the recipient, the other one is going straight back, into a change address in my wallet. So that 2nd sum has left the wallet yes, but only to end up in it again, within seconds. Imagine there is a 1 mio input from which I spend a 7 MINT output - that results in a second 999,993 MINT output, to my change address, so it ends up back in my wallet.
Still, I fear, the 20 days period is reset for both amounts, right?
As your wallet does not yet support
"coin control", I cannot even know which of my existing coin piles are touched. With one tx of 10 MINT, I might destroy 20 days of PoS of 20 billion coins. Am I wrong? If not:
Please hardcode that if outgoing and incoming into change addresses happens, the coin age is preserved. Or it that is not consistent, then:
I suggest, that you (a) lower the 20 days, (b) implement coin control.
Implement coin control. Lowering the 20 days is not a good idea as it is an important aspect of the coin design, security/sustainability.
So basically you want people to hord their mint coins, and not touch them for at least 20 days, to then collect some interest?
You want me to use another currency for my daily usage, and mint just for storing wealth?
I could only trust that concept, if the price of mint-to-other-currencies were not falling too much. But why wouldn't it fall? Apart from storing wealth, mint seems useless - because as soon as I move some of my coins, the 20 days are reset?
I don't see how all that could be a revolutionary new currency.
I want to be able to send and receive money, buy pizza, exchange for other currencies - and while I am not using my money, I want to collect interest for it - immediately- , and in PoS, use it for helping to secure the network.
minting is exactly analogous to mining
do you find this to be a problem with currency that is mined via PoW? If not then why is it a problem when coins are minted via PoS?
It's an advancement because it eliminates a lot of the energy waste associated with PoW mining
