Stake vs staked

Projects
1

On another thread, I read the following from Ben (I have underlined one word):

“When I solve a block using stake, the newly created transaction (stake + reward) is given a coinAge=0, and then is put into a “staked” state for 520 network confirmations (~3.5 days). Once released from this state, that newly created transaction will be eligible to try to solve for another block in ~27.5 days.”

Ben is referring to coins that have successfully minted and solved a stake, and uses the past tense (“staked”)

I believe these coins are the ones indicated on the client Overview tab, under the balance - however, the label is “stake” (present tense)

I think it would make better sense if the label was “staked”, since these coins are committed. If developers agree with this, would it be possible to change the label?

2

That’s a reasonable and simple change to make. I’ll make the update to Peerunity in the near future when I push a bunch of UI changes for review.

3

It’s confusing either way without understanding the inner workings. It’s not confusing either way with knowledge of the inner workings. I think the label should be just “frozen”. And maybe an explanation box popping out if one float the cursor over the label…

4

Yes the single word “staked” can be confusing based on the interpretation of it’s tense.

I’m afraid “frozen” has too much of a negative connotation when it comes to money (unless you’re Walt Disney!)… I’d recommend simply “locked” with a popup to explain the relation to securing the blockchain and the number of confirmations remaining before the stake can be spent.

5

Let me rewind a bit, and mention when I first noticed this issue. A month or so ago, I started minting. I checked out my coin age days, and all was good. After a week or two, I noticed the “Stake” indicator on the Overview page. Even though it is underneath “Balance”, I had not registered it before. The Stake read “0.00 PPC”

My instinctive reaction was that no peercoins were minting. I raised a question on these forums, and someone explained that this refers to coins that have minted (past tense, note) and so taken out of action for a while.

To my mind, therefore, “Stake” should refer to coins minting, and “Staked” to those that have minted

The next question is whether Staked is the best word to describe the post-minting stage, as opposed to Frozen or Locked. In my view, the problem with these two words is that they have a single meaning, along the lines of “suspended”. They do not imply that something good has happened to cause that suspension

By contrast, a good word is “matured”, as this implies both a suspension, and that something good has happened to cause that stop, i.e. a process has been completed

The advantage with “Staked” is that it keeps the lingo consistent (e.g. Proof of Stake)

Or perhaps we could just simply say “Coins minted”

But I suppose my main point is that the wallet describes three categories, when really we need four:

Balance (all confirmed coins)
Unconfirmed
Stake (those coins which have reached the 30 day period and so can be minted)
Coins minted / staked / locked / frozen (those that have minted)

6

Sorry to bump as I know this isn’t exactly a priority, but it is something that continues to cause confusion as seen by a post on the subreddit yesterday.

Unless consensus on which term to use has been reached before the next Peerunity release, I think it would be good to just stick with the current term, but have a popup explainer as suggested by mhps and learnmore.

7

[quote=“RobertLloyd, post:5, topic:2699”]The next question is whether Staked is the best word to describe the post-minting stage, as opposed to Frozen or Locked. In my view, the problem with these two words is that they have a single meaning, along the lines of “suspended”. They do not imply that something good has happened to cause that suspension

By contrast, a good word is “matured”, as this implies both a suspension, and that something good has happened to cause that stop, i.e. a process has been completed

The advantage with “Staked” is that it keeps the lingo consistent (e.g. Proof of Stake)

Or perhaps we could just simply say “Coins minted”

But I suppose my main point is that the wallet describes three categories, when really we need four:

Balance (all confirmed coins)
Unconfirmed
Stake (those coins which have reached the 30 day period and so can be minted)
Coins minted / staked / locked / frozen (those that have minted)[/quote]

What about the term “Reserved” or “in Reserve” or with a counter indicating the number of hours “X hours left in Reserve status” ?

I also like the “coins minted” wording.

The explanatory popup idea sounds good too.