PPC is just a good time. I could easy remember it and tell it from a bunch of other altcoins instantly. Don't change the name.
One question: I am currently holding PPC in my encrypted wallet since April. When will the 1% stake show up in my wallet?
See this doc:
http://www.ppcoin.org/static/ppcoin-paper.pdfIn my words: The coins have to accumulate age first, as much as you want, but for at least 30 days. For aging they must not be spend.
After waiting long enough your client can calculate/mint PoS blocks of it, with the PoS (
Proof-of-Stake) method. With these blocks the PPC network becomes secured, in an energy-efficient way, because PoS block generation performs with low load on your computer. With generating a new PoS block the time counter for consumed coinage is reset (by
coinstake transaction). The more coinage (number of coins * age in days) you have, the higher the possibility to find PoS blocks. This way you can expect up to 1% interest a year, for securing the PPC network.
It's sufficient to start your client from time to time. You do not loose your coin age after a long offline period. But as I understood it, one should have switched on his client as longer as more coins you have, for securing the network by consuming the coinage.
I'm also waiting on my first PoS block, have to wait until end of May.
