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Peercoin lets those who have the ability to leaves funds untouched for 30 days accrue this interest. Peercoin was designed to enable the early adopters that can
by josephagoss 13y ago
Peercoin lets those who have the ability to leaves funds untouched for 30 days accrue this interest. Peercoin was designed to enable the early adopters that can simply sit on their coins.
In the real world most poor people cannot let any amount of coin remain unmoved for 30 days, so Peercoin in a privilege based coin and SunnyKing the creator intended this.
A simple change = Allow all coins no matter age accrue interest. Sunny is a rich millionaire and does not care about the wealth divide his coin will cause if it took off.
- makomk 13y agoThe last time I looked at Peercoin, it also appeared to be designed so that people with more coins in effect accrued a higher rate of interest on them due to a subtle quirk of the inflation algorithm. That may have been fixed since then though.