About feathercoin days destroyed

lizhi

Hi all,
at explorer.feathercoin.com ,it display FTC CoinDD is 49.6605% . I want to know its formula , What is the denominator ?

Any help here would appreciated.

wrapper

Bitcoin/Feathercoin days destroyed for any given transaction is calculated by taking the number of coins in a transaction and multiplying it by the number of days it has been since those coins were last spent.
Example

If someone has 100FTC that they received a week ago and they spend it then 700 Feathercoin days have been destroyed. If they take those 100FTC and send them to several addresses and then spend them then although the total transaction volume could be arbitrarily large the number of coindays destroyed is still 700.

Ref: https://en.bitcoin.it/wiki/Bitcoin_Days_Destroyed

lizhi

Thank you , feathercoin CoinDD=49.6605% , This means that today FTC destroyed is 14005750.815.

28203000 * 49.6605%= 14005750.815

My understanding is that right ?

wrapper

What we need is a chart, so you can monitor the change. The number of days destroyed gives a reading of how much “use the currency has”. Correct me if I am wrong?.

At the moment it should be the worse case, with more coins produced than transactions.

I am assuming in 12 months there will be thousands of transactions per block and potentially increasing by 10 times that per month, during any “rapid adoption” phase. e.g. Such as adoption by 3rd world countries population as a value transfer mechanism.

Kevlar

[quote name=“wrapper0feather” post=“48718” timestamp=“1388517081”]
What we need is a chart, so you can monitor the change. The number of days destroyed gives a reading of how much “use the currency has”. Correct me if I am wrong?.
[/quote]

Not really. As a large FTC holder I can transfer my old coins to a new wallet, and destroy a ton of days.