PoS is set to 50% per annum with minimum 7 days coinage required.
talked about 30 days...
please give an example of calculations using as an example the sum 1000 DMD (1 transaction)
1000DMD/12 months=83.3.../4 weeks=20.83...DMD after 7 days (very little...)
correct calculation?
Hmm.. I'm really puzzled on how you arrived at the number 83.3 as 50% of 1000.
How I understand it 50% interest of 1000 after a year (annum) would give me + 500 DMDs or in total 1500 DMDs.
We have lowered the threshold of minimum coin maturing time,for two reasons.
The first one is that we didn't want force people to wait for extended periods of time before being able to mint. 30 days in crypto world is a lot of time and Diamond holders have already been waiting for far too long to do it. They simply deserve to get it here and now.
Th second reason is improved network security. Proof for Stake to be effective in securing the network needs to be constantly active (people staking all the time). 30 days does not give such protection unless Diamond is widely popular and spread, which it isn't yet.
There's another benefit of minimum 7 days required. Compound interest. Someone who stsakes every 7 days throughout the year would get more in return then someone who staked once after a year with his full amount.
This said, I want to note that people will have to learn on how PoS works and adjust their expectations to the reality. 7 days threshold does not necessarily mean that exactly after 7 days everyone is going to stake at the same time. The more coin age you have got the more likely it is to stake sooner than the others. Its a lottery not a given.
