I’ve been trying to get my brain around PoS and how it impacts the monetary supply. To do so, I’ve begun to model what a hypothetical 100.00 PPC in a wallet, charted over a couple months, “looks” like. This simulation will assume a number of credit and debit transactions in addition to the original stake.
The attached PDF is just the first draft, because I wanted to keep it simple, and I still have a bunch of questions that I need answered before it’s useful to really spend time cleaning up the visualization.
As I started to follow how money flows through a wallet, and what and when PoS minting occurs, these questions came to mind. All of these assume that the wallet you store these coins in is “automatically” configured for Proof-of-Stake minting, and it just “knows” how to invoke it at the right time.
[ul][li]100.00 PPC mature over a 90-day period.[/li]
[li]From Day 1 through Day 30, there is no change, but the coins “age” in the background[/li]
[li]On Day 30, 100.00 PPC are “locked” as Proof-of-Stake minting beings.[/li]
[li]From Day 31 through Day 90, Proof-of-Stake minting maintains the lock on the 100.00 PPC, and each day generates 100 coindays (for a total of 6,000 coindays)[/li]
[li]On Day 90, the 100.00 PPC has “aged out” of Proof-of-Stake minting, and a 1% minting reward (1.00 PPC) is deposited in the wallet.[/li]
[li]Total on Day 91 is 101.00 PPC in the wallet.[/li][/ul]
Now, that brings up a bunch of questions that I’ll need answered before I can continue to refine a flow that covers multiple debits and credits during a 1 year period.
[ul][li]What happens to a coin that has “aged out” after Day 90? Are they somehow no longer eligible to accumulate coindays, or do they restart their ninety day journey on Day 91 (new cycle, “Day 1”)? [/li]
[li]When are Proof-of-Stake rewards added to a wallet? Is it on Day 90, or are there incremental payouts during Days 30 through Day 90, as long as the coin is “locked”?[/li]
[li]Presumably, if you have 1 PPC in your wallet, and you allow it to be used for Proof-of-Stake minting, will your actual funds available for transactions be 0.00 PPC?[/li]
[li]Once coins are locked up, from Day 30 to day 90, is there any way to unlock them so they can be spent?[/li]
[li]If they can be unlocked, is the penalty a complete loss of that cycle’s minting reward, or are there the opportunities for potential payouts?[/li]
[li]How can I tell how many coindays a particular PPC unit has?[/li][/ul]
So, that’s just the first batch of questions that I’ve got. My goal is to model this out over the course of a year, during which time at least 100 transactions (debits and credits) occur, resulting in total transaction fees of 1.00 PPC (100 * 0.01 PPC / txn).
Hopefully this will end up being useful - it’s already helped me start to get my brain around how this all works. Any and all critiques, advice or challenges are appreciated. Also, if there are resources that already exist that provide answers for the questions above, please let me know, I’ll use them in future drafts of the monetary flow.
Thanks in advance!