nTimeWeight calculationOriginally it was planned to start nTimeWeight from zero at the 30-day min age. This should increase active coins participating the hash and provide additional security when proof-of-stake difficulty is low.
Anyway, this feature is disabled for now and needs some discussion.
https://github.com/CryptoManiac/novacoin/commit/b9289ef1acf9c6c6146c573955443f555abb9351It's planned to enable this since 1 Jan 2014 if there will be no negative effects discovered.
Hi Balthazar,
I would like to congratulate you on a the implementation of the coin control Feature,
I think it's what was missing, and even though I did not yet use it for creating an actual Transaction,
I played around with it a bit, and yep... that's what we have needed :-)
regarding the nTimeWeight changes I talked to a few People who are dedicated fans of NovaCoin (as I too have become) and the Consensus is quite clear: we think it's a bad idea.
I would probably do something along These lines if it were activated:
Put Money into a wallet, and then take it offline for half a year or longer before taking it back online for PoS Generation, to not "risk" having a PoS after 40 days for which you get only paid for 10 days, i.e. only 25% of the actual Holding time.
I'm Aware that this is not in the interest of the network, so I'm heavily against it - imo the strength in NVC is for storing value with inbuilt hedge against coin Devaluation thanks to PoS. And the recent strength (in NVC/USD) during the recent Price rise in btc/usd Shows this quite well, seeing how most other coins took heavy losses in that time.
Kind regards
Mike
