Hello everyone, I’ve been fascinated with PPC since ‘14. Took a break from crypto for the last 5 or so years, but I’m starting to get interested in it again. Naturally, I’ve been attracted back to PPC due to its superior protocol, but I’m struggling with one thing.
What’s the rationale behind the 90 day cap on probability? The university states:
A third rule also states that a minter’s probability of finding a new block reaches its maximum after 90 days. So after this period of time a minter’s stake reaches maturity and their chances of minting a new block are maxed out. All of these rules are put in place in order to prevent minters with high coin age from being able to hold a monopoly on the block generation process.
But since coin age resets after minting, doesn’t this accomplish the exact opposite?
For instance, I have a wallet with 10 PPC in it that was deposited in 2015, with a coin age around 1850 days. However, because it’s only 10 PPC, my odds of minting in 90 days is only 10%. Meaning that I can’t realistically expect to mint earlier than 1 or 2 years.
This means that someone with a much larger balance can mint before me, wait 30 days to mint again, and automatically “cut” back in line to mint before me again with a higher probability.
So why doesn’t the protocol simply give weight to the higher coin age? If I’ve had coins sitting offline in a wallet for 5 years, you’d think I’d be at the front of the list for minting. Why isn’t this so?