I see the basic argument against the idea that large stake holders would attempt to double spend is that it would hurt the value of their stake more than they would gain from the doublespend. But what if their “coin age points”, or w/e they are called, are not the result of holding a very large stake but rather the result of holding a somewhat smaller stake for a VERY long time? how is that accounted for?
Also what if, even though they are a large ppc stake holder, they stand to benefit from harming pcc because they are an even larger stake holder in a competitor? so in essence they get the value of the doublespend in addition to the value of the capital flowing out of pcc and into alternatives. So i would be imagining someone like ben bernanke who stands to gain a lot from the dollar not being usurped by ppc.
Finally how do you deal with the idea that this system would naturally breed disparity as those with the largest holdings are the ones most likely to receive new coins, and that this could potentially create a feeback loop that would create an ever widening gap between the rich and the poor. you know like that fallacious argument that socialists who do not understand the concept of dis-economies of scale always make against capitalism. 1
[quote=“anon136, post:1, topic:885”]… result of holding a very large stake but rather the result of holding a somewhat smaller stake for a VERY long time? how is that accounted for?
Finally how do you deal with the idea that this system would naturally breed disparity as those with the largest holdings are the ones most likely to receive new coins, and that this could potentially create a feeback loop that would create an ever widening gap between the rich and the poor. you know like that fallacious argument that socialists who do not understand the concept of dis-economies of scale always make against capitalism. 1[/quote]
Coins could only accumulate coin days for a maximum of 90 days.
Don’t forget that the poor can also accumulate coin days and mint coins at the same rate ~1%. That is equality right there.
[quote=“lumierre, post:2, topic:885”][quote=“anon136, post:1, topic:885”]… result of holding a very large stake but rather the result of holding a somewhat smaller stake for a VERY long time? how is that accounted for?
Finally how do you deal with the idea that this system would naturally breed disparity as those with the largest holdings are the ones most likely to receive new coins, and that this could potentially create a feeback loop that would create an ever widening gap between the rich and the poor. you know like that fallacious argument that socialists who do not understand the concept of dis-economies of scale always make against capitalism. 1[/quote]
Coins could only accumulate coin days for a maximum of 90 days.
Don’t forget that the poor can also accumulate coin days and mint coins at the same rate ~1%. That is equality right there.[/quote]
So how do people with only a few coins accumulate enough coindays to mint a new block if they can only accumulate coindays on a given coin for a maximum of 90 days? Do they pool?