I have an interesting point to Yacoin's popular criticism. People have accepted Peercoin as valid distribution and stable store of value. I agree with those people.
http://peercoinmyths.com/Myth 3 - Peercoin (PPC) was insta-mined.
Fact: Some people like to point out the high mintage in the first few days of the launch, this is another misunderstanding. In the first few days of any publicly released cryptocurrency the mintage is going to be relatively high because difficulty is low and lots of miners would like to participate, causing blocks to be generated much faster than usual and resulting in high mintage per day. Unlike most other altcoins, we already tried to mitigate this by starting difficulty at higher initial value of 256 and also further reducing the number of low difficulty blocks via continuous difficulty adjustment.
http://cryptometer.org/ppcoin_96_hour_charts.htmlHour 24
Work Supply: 2 031 917,77 PPC
http://cryptometer.org/yacoin_96_hour_charts.htmlHour 24
Work Supply: 1 964 914,70 YAC
Basicly Yacoin was as fair or fairer than Peercoin. I guess we should compare various "richlists" to see if the situation has leveled since then.
YACoin is the fairest coin ever. People are able to mine it even now with a higher reward per block than the early adopters. I guess the best criticism of YACoin is that it really screwed the early adopters--particularly compared to other coins. But in the end, it is good for everyone because more people will be interested and invested in it. This next NFactor change is going to be a crazy one.
Going back to something we talked about a while ago (I can't find the post right now)
But, how difficult would it be to create a 'super POS miner?' Right now I have dozens of transactions ready to mint, and my processor is only working at a few percent. I leave the computer on, with the wallet unlocked for minting, 24/7. It would be nice if I could turn on a 'super POS miner, increase my processor work to 90-100%, for a few hours once a week and then be able to use the computer for something else.
Anyone else interested in this? Maybe we could get a bounty started?
Edit: Another thought/question...
Is there an easy way to see the number of POS a wallet has had? Or which transactions are 'ready' to mint? Right have a have a massive excel sheet tracking which transactions have and haven't been minted. It would be much easier to see this through the block explorer or the wallet. Does something like this already exist?
aso, you can see dates and confirmations of your transactions pretty easily with coin control... just go to the send coins section and look at the 'inputs'. Perhaps there should be a more user friendly way?
Also, I am under the impression that even though PoS uses CPU, the ability to stake coins faster does not depend on CPU processor speed so increasing your CPU percentage used by the yacoin client won't benefit you. Am I wrong?