All good answers, kiklo. Thanks! So if there have been over 36 billion coins mined/minted since its release into the wild, Knights own around $3 billion +/- a billion, and there are about 2 billion currently on exchanges, where are the rest of the coins? Are there secret whales we don't know about? That is worrisome because if one or two people are holding over 51% of coins in existence they could cause a complete or irreparable collapse. Maybe I'm just being paranoid and overly protective.
You did put it into perspective though, kiklo. 181,000 new coins per year and 20 years to mint 3.6 million? Wow! That definitely ups the appeal for me. Maybe I'm still looking at it from the wrong perspective, but still, an unlimited supply of Zeit sounds a bit too much like fiat currency to me. But yeah, I see what you mean about the messaging, though. I didn't really think of it that way. It would be way too easy for users to get harassed or spammed. Makes sense.
No Worries,
I put it to you like this,
51% attack on a PoW coin can destroy a PoW coin , however they still have the asics to mine another coin of the same algo.
51% attack on a PoS coin is the same as setting your ASICS on Fire, you're done, game over.
As far as Number of coins out there, the richest address has ~900 million coins only 2.52% of the total.
https://chainz.cryptoid.info/zeit/#!richEven if we had a rogue 51% attacker at
ZEIT , he does not keep the 51% like an asics would 24x7, every time he stakes his % drops,
after he stakes 2% , he is now below the controlling 51%. Plus you got the fact
ZEIT has a max stake age of 20 days, meaning if you don't stake for 40 days.
Your amount of coins block weight is equal to 20X the amount of coins in that block.
With
ZEIT Coin Weight matters more than the amount of coins.
Rent_A_Ray said it best,
ZEIT is Protected by Chaos itself.
Since not only the # of coins are varied, but the 20X coin age is also varied, makes it extremely difficult to maintain any long term control even if you have 51%.
Side note , one of the changes with the Ultra Low inflation change is the new 24 hours staking,
so instead of waiting 20 days to stake , you only have to wait 24 hours, this will increase the Number of active coins staking by a factor of 20 , which will give a massive increase in security. After this change we will be one of the most bullet proof coins in existence.