[ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 63.

sahkan

full member

Activity: 203

Merit: 100

Quote from: sheffters on October 07, 2013, 02:25:17 PM

@sahkan ... thanks for the info.

Will get them combined into 1 transaction ... I assume blocks of 365 to give you something each day?

Also, how do you send out the interest to then group that into 1 transaction? Does the wallet send oldest coins first or is there a way of specifying which get used?

Otherwise you'll end up with thousands of micro transactions that will never generate anything? (I assume there is a minimum number of coins for interest or will it really give out interest on e.g. a 0.1 coin transaction after 3650 days?)

Cheers

S.

The transaction size & age of coins compete across the network so the micro transactions almost have no chance of finding any PoS because their coin age is very low. Your stake combines with the interest, so if you get 1000 coins that find 1PPC you will have a new transaction of 1001 coins with 0 coin days. Also unfortunately the wallet itself does not recognize the age of the coins when you make a transaction so it might end up sending out your oldest coins first as a payment rather than the youngest ones... That might change in the new and upcoming v 0.4

Sentinelrv

sr. member

Activity: 650

Merit: 318

Also, we're trying to redesign ppcoin.org. If you have any design/feature ideas or want to offer your help, then please visit the official planning thread on PeercoinTalk.org. Here is the link...

http://www.ppcointalk.org/index.php?topic=553.0

Sentinelrv

sr. member

Activity: 650

Merit: 318

Quote from: reb0rn21 on October 07, 2013, 01:14:27 PM

XPM is clear sign even his creator turned back at the wrong design (block time)!

Sunny didn't turn his back on Peercoin, just the opposite. If you read his comments instead of assuming, besides capturing some of the proof-of-work market, one of the reasons he created Primecoin was to act as a gateway to Peercoin, therefore benefiting it in the long run.

"For existing ppcoin users our dedication to the continued development of ppcoin and its market has not changed. ppcoin's advanced proof-of-stake technology has long-term advantage over pure proof-of-work designs, and is an innovative environmental-friendly solution to the escalating energy consumption on cryptocurrency. In my opinion the energy intensive sector will fragment into many different types of proof-of-work, a single type of proof-of-work is unlikely to maintain dominance. More fragmentation is likely even within a single type of proof-of-work. Meanwhile the energy efficient sector would rise to challege the energy intensive sector, and ppcoin is among the leading contenders in the energy efficient sector. So in terms of our long term strategy ppcoin is of more importance than primecoin."

wantrepreneur

full member

Activity: 147

Merit: 100

Quote from: wantrepreneur on October 01, 2013, 05:04:23 PM

Quote from: romerun on September 28, 2013, 05:50:51 PM

Why ltc is down while ppc is up, any new news?

LTC $50million cap
PPC $5million cap

LTC cannot maintain a 10x ratio vs a coin as innovative as PPC->

1week later;

LTC $45million
PPC $8million

PPC is closing the gap.

reb0rn21

legendary

Activity: 1901

Merit: 1024

its dead coin, and clear pump/dump, never will overtake crappy FTC, LTC is next league

dump it while its pumped!

romerun

legendary

Activity: 1078

Merit: 1002

Bitcoin is new, makes sense to hodl.

Well don't dump too quick. Keep it at this range long enough we might got accepted by th next silkroads. Coinmkt is doing is doing USD/ppc too just lack volume. We just have to differentiate our coin from those crap TRC nvc FTC, then we'll on high way to be the next ltc.

fendlestick

hero member

Activity: 546

Merit: 500

Quote from: reb0rn21 on October 07, 2013, 01:14:27 PM

Quote from: rammy2k2 on October 07, 2013, 04:06:46 AM

it's not pumped, its a coin with value

sure and real usage for PPC will be, come on ppl it has block time of huge 10 minuts transaction time is like few hours, even BTC is way faster!

the coin i pumped for few days and atm we see huge dumps, and stupid ppl try to secure their bad decision to buy on pump... LOL wtf buy at the pump???

XPM is clear sign even his creator turned back at the wrong design (block time)!

Block time doesn't really matter when your selling physical goods, really how fast can you get something into the post. All orders before 11am same day all after next day. Digital and instant purchases will be more of a hassle.

d5000

legendary

Activity: 3906

Merit: 6249

Decentralization Maximalist

Quote from: reb0rn21 on October 07, 2013, 01:14:27 PM

Quote from: rammy2k2 on October 07, 2013, 04:06:46 AM

it's not pumped, its a coin with value

sure and real usage for PPC will be, come on ppl it has block time of huge 10 minuts transaction time is like few hours, even BTC is way faster!

BTC has exactly the same transaction time than PPC. Higher transaction time => higher security.

sheffters

member

Activity: 115

Merit: 10

@sahkan ... thanks for the info.

Will get them combined into 1 transaction ... I assume blocks of 365 to give you something each day?

Also, how do you send out the interest to then group that into 1 transaction? Does the wallet send oldest coins first or is there a way of specifying which get used?

Otherwise you'll end up with thousands of micro transactions that will never generate anything? (I assume there is a minimum number of coins for interest or will it really give out interest on e.g. a 0.1 coin transaction after 3650 days?)

Cheers

S.

reb0rn21

legendary

Activity: 1901

Merit: 1024

Quote from: rammy2k2 on October 07, 2013, 04:06:46 AM

it's not pumped, its a coin with value

sure and real usage for PPC will be, come on ppl it has block time of huge 10 minuts transaction time is like few hours, even BTC is way faster!

the coin i pumped for few days and atm we see huge dumps, and stupid ppl try to secure their bad decision to buy on pump... LOL wtf buy at the pump???

XPM is clear sign even his creator turned back at the wrong design (block time)!

sahkan

full member

Activity: 203

Merit: 100

Quote from: sheffters on October 02, 2013, 05:24:42 AM

Hi,

I have a question about the interest calc ... is it based on the total days in the wallet - i.e. are coin days accounted for globally, or alternatively are coin days counted per transaction and are not summed up?

i.e. 1 x 300 PPC transaction will start showing interest earlier than 300 x 1 PPC transactions due to the cumulative days being taken into account?

Any insights would be great as I've currently got a lot of 1PPC transactions, waited 30 days and still no interest showing, even though when I do the math I think theres more than 365 coin days in the wallet based on:

transaction amount * (days held in wallet - 30 days) = individual transaction coin days

sum(individual transaction coin days) is greater than 365

Thanks!

S.

PoS mining is based on transaction size and coin days, so 1PPC transaction at 30 days will have 30 coin days, a PPC transaction of 1000PPC at 30 days will have 30000 coin days hence it will be more likely to find PoS. I would take those 1PPC transactions and send them as 1, it will cost 0.01PPC but will most likely get a PoS to compensate for that fee.

xchrix

hero member

Activity: 905

Merit: 1001

Quote from: matt608 on October 07, 2013, 05:28:23 AM

Peercoin hashrate doubled again http://bitinfocharts.com/comparison/hashrate-ppc.html

hashrate is following price Shocked

its funny that XPM is from the same dev.. was hyped..and now his old project PPC is getting the attention... next time maybe its DVC Wink

matt608

hero member

Activity: 868

Merit: 1000

Peercoin hashrate doubled again http://bitinfocharts.com/comparison/hashrate-ppc.html

rammy2k2

legendary

Activity: 1974

Merit: 1003

it's not pumped, its a coin with value

xchrix

hero member

Activity: 905

Merit: 1001

Quote from: daserpent1 on October 07, 2013, 03:57:05 AM

This coin is just being pumped and dumped all day long.

which is great Wink

daserpent1

sr. member

Activity: 435

Merit: 250

This coin is just being pumped and dumped all day long.

xchrix

hero member

Activity: 905

Merit: 1001

look how huge the PPC trading volume got!
http://www.cryptocoincharts.info/v2/coins/graphicalComparison

rbdrbd

sr. member

Activity: 462

Merit: 250

Hi guys, I'd like to see if we can get PPC on btc-e added into the awesome chart tool over at http://bitcoinwisdom.com/ .... if you agree, please leave a message over on their feedback thread (https://bitcointalk.org/index.php?topic=190722.new#new) stating your support for this. Thanks!

sheffters

member

Activity: 115

Merit: 10

Hi,

I have a question about the interest calc ... is it based on the total days in the wallet - i.e. are coin days accounted for globally, or alternatively are coin days counted per transaction and are not summed up?

i.e. 1 x 300 PPC transaction will start showing interest earlier than 300 x 1 PPC transactions due to the cumulative days being taken into account?

Any insights would be great as I've currently got a lot of 1PPC transactions, waited 30 days and still no interest showing, even though when I do the math I think theres more than 365 coin days in the wallet based on:

transaction amount * (days held in wallet - 30 days) = individual transaction coin days

sum(individual transaction coin days) is greater than 365

Thanks!

S.

wantrepreneur

full member

Activity: 147

Merit: 100

Quote from: romerun on September 28, 2013, 05:50:51 PM

Why ltc is down while ppc is up, any new news?

LTC $50million cap
PPC $5million cap

LTC cannot maintain a 10x ratio vs a coin as innovative as PPC->

Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 63. (Read 684959 times)