While I was looking enviously at these big ppc stack holders it occurred to me that many of them can not mint efficiently in terms of network security.
There are some address who have very big transactions outputs. Lets assume one of their outputs has x coins.
Even if they are eager to mint all the time they will only find 12 blocks per year with one output, due to the fact that their stacks have to mature for 30 days before they are allow to mint again.
They could find many more blocks if they would split their transaction output and keep their stacks online all the time (for example with the peerbox!).
Imagine their wallets would split this output of x coins into outputs with 1000 coins. Then the probability that one output finds a block in 90 days -including 30 days maturing - with PosDif=12 is given by
1-product_(k=1)^60 (1-k1000/12/2^32)^(360024) =0.95
Hence we can assume that every output finds 4 blocks in one year. Hence all outputs find x/1000*4 blocks.
Imagine their wallets would split this output of x coins into outputs with 250 coins. Then the probability that one ouput finds a block in 180 days -including 30 days maturing - with PosDif=12 is given by
1-product_(k=1)^60 (1-k250/12/2^32)^(360024) product_(k=1)^90 (1-60250/12/2^32)^(360024) =0.95
Hence we can assume that every output finds 2 blocks in one year. Hence all outputs find x/2502 blocks.
For example addresses like these ones http://bitinfocharts.com/ppcoin/address/PXBf64T4gqKcn7Kruw75X8V5yeci34HG92
have very big outputs with x=250000. If the wallet would split this output into 250 outputs, the owner would find 250000/1000*4 =1000 blocks instead of just 12 blocks. That’s a big deal.
Benefits of the splitting:
- more blocks would be found,=> increased PosDifficulty and security
- there are more different minting inputs hence PosDifficulty will be more stable
- it is relatively easy to implement.
-blockchains gets a little bit more loaded.
-effect could be small as many big stockholders refuse to mint regularly.
Do you agree with these considerations?
I think it could be useful to provide the option to split all own transactionoutputs. Maybe we can merge this feature into the newest Peerunity repository. But we could go a step ahead and allow only transactionsoutputs to mint which are smaller that - lets say - 5000 PPC. What do you think? Are the benefits worth the work of implementation?