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Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 71. (Read 684864 times)

hero member
Activity: 504
Merit: 500
FPGA Mining LLC
legendary
Activity: 1205
Merit: 1010
FYI,

  Research and Markets published a research report on alternative currencies and listed ppcoin among top featured companies. I have no idea what it says about ppcoin though as they list the report for a cool US$2950.

http://www.researchandmarkets.com/research/s5f5c3/alternative
legendary
Activity: 1470
Merit: 1021
I can't believe how fast ppc is rising on MtGox. We have 32 votes now. Just yesterday I checked and it was 23. At this rate we should be passing Namecoin soon at 54 votes. Hopefully MtGox notices this. Please vote if you haven't already done so...

https://support.mtgox.com/entries/21676064-Please-Add-Peer-2-Peer-Coin-PPC-

Up to 42 now
legendary
Activity: 980
Merit: 1000
Is there somewhere that I can view the total hashrate of PPC?
sr. member
Activity: 650
Merit: 318
A bunch of people conviced me that we're shooting for the wrong design package and after getting the ok from people here and ppcointalk.org, as well as some who have already donated, I officially changed the goal from $800 to $300. As for my reasoning behind this decision, this is my post from ppcointalk.org...

I think several people on BitcoinTalk may have convinced me that we're shooting for the wrong design package, so I need some opinions. First off, I originally chose the $800 package simply because it offered the best options and because I didn't think it would be a big deal to raise that much, but I guess I was wrong. Now that I'm rethinking it, the $299 bronze package seems better suited for what we're trying to accomplish here.

I mean, we pretty much have the logo nailed down already. Just look at the last couple designs displayed on the donation page. They're all pretty similar looking and look great. They just need to be finalized. Maybe $800 would make a little more sense if we were starting the logo from scratch, but we're not. I think all we really need are more and better quality variations of the current design for people to choose from, just to finish off what we started. That can probably be achieved for $299, plus it will be a lot easier to raise.

We're already almost halfway there! This should make it much easier.
sr. member
Activity: 650
Merit: 318
I can't believe how fast ppc is rising on MtGox. We have 32 votes now. Just yesterday I checked and it was 23. At this rate we should be passing Namecoin soon at 54 votes. Hopefully MtGox notices this. Please vote if you haven't already done so...

https://support.mtgox.com/entries/21676064-Please-Add-Peer-2-Peer-Coin-PPC-
hero member
Activity: 504
Merit: 500
FPGA Mining LLC
A situation like that can only turn up if you have only received a single transaction so far since you created the wallet (or spent all of your funds for the last time), and in some other rather unlikely cases. Otherwise, only part of your money would have been locked up, so this is not really a typical situation.
sr. member
Activity: 314
Merit: 251

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?

There is a 'reservebalance' parameter to help users in this situation. This is currently a commandline/config only parameter, in the future it would be added to qt settings so gui users can more easily set it.

If you run the client more often the stake would be split/combined into reasonable size coins so typically you wouldn't have all your balance tied in stake at the same time.

I hope Sunny has all these answers in a text file somewhere to copy-paste every time someone brings up an issue with POF..

Why not post this critical bit of info somewhere under a mystery meat icon on the ppcoin.org website in english that normal people can understand? (520 block maturity window is not something my brother would ever care to hear when I am explaining why he can't use his money for the next 2 days)
full member
Activity: 239
Merit: 100

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?

There is a 'reservebalance' parameter to help users in this situation. This is currently a commandline/config only parameter, in the future it would be added to qt settings so gui users can more easily set it.

If you run the client more often the stake would be split/combined into reasonable size coins so typically you wouldn't have all your balance tied in stake at the same time.

I hope Sunny has all these answers in a text file somewhere to copy-paste every time someone brings up an issue with POF..
legendary
Activity: 1205
Merit: 1010

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?

There is a 'reservebalance' parameter to help users in this situation. This is currently a commandline/config only parameter, in the future it would be added to qt settings so gui users can more easily set it.

If you run the client more often the stake would be split/combined into reasonable size coins so typically you wouldn't have all your balance tied in stake at the same time.
full member
Activity: 126
Merit: 100
Might be OT so forgive if this is in the wrong place:

I recieved my first mined 'Mint by Stake' of 0.5 PPC on June 9, 2013.

Since then, my entire balance (320PPC) has been stuck? as a stake amount.  I am unable to spend any of my balance. PPCoin wallet says 'Amount exceeds your balance.' when I try.

So my balance says 0.00 PCC
Stake 320.349 PPC
Unconfirmed 0.00 PPC

It's been like that for the past 3 days. So weird.

Any one have any info to share on the situation?

There is 520-block maturity on stakes. Generally it takes about 3 days for stakes to return to balance.

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?

If you needed the balance, why would you mint with the balance you know you're going to withdraw? If you need the liquidity, you can stop minting by stake.

You would mint with it because you wouldn't know, like I didn't, that the minting process is going to tie up your funds for 3 days.  It's not like it's posted anywhere a person could reasonably expect to find it.

From what I can tell, the whole minting stake business is the concept that sets PPC apart from the rest of the cryptos.  Now you are saying, if you want to make use of this neat, novel, new feature, sorry, but you can't spend it.

If I wanted to spend it, I can't mint.  So what's the point of using PPC in the first place?

Perhaps there should be a FAQ on the stake minting. Minting is used to secure the network, you're rewarded stake by minting. Securing the network via stake reduces the use of electricity needed to secure the network. Minting is an investment, you give up some liquidity to earn stake and help secure the network. If you don't mint why use ppc? Because other people minting makes the ppc network more secure and less reliant on pow, thus saving electrical costs over time.
sr. member
Activity: 314
Merit: 251
Might be OT so forgive if this is in the wrong place:

I recieved my first mined 'Mint by Stake' of 0.5 PPC on June 9, 2013.

Since then, my entire balance (320PPC) has been stuck? as a stake amount.  I am unable to spend any of my balance. PPCoin wallet says 'Amount exceeds your balance.' when I try.

So my balance says 0.00 PCC
Stake 320.349 PPC
Unconfirmed 0.00 PPC

It's been like that for the past 3 days. So weird.

Any one have any info to share on the situation?

There is 520-block maturity on stakes. Generally it takes about 3 days for stakes to return to balance.

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?

If you needed the balance, why would you mint with the balance you know you're going to withdraw? If you need the liquidity, you can stop minting by stake.

You would mint with it because you wouldn't know, like I didn't, that the minting process is going to tie up your funds for 3 days.  It's not like it's posted anywhere a person could reasonably expect to find it.

From what I can tell, the whole minting stake business is the concept that sets PPC apart from the rest of the cryptos.  Now you are saying, if you want to make use of this neat, novel, new feature, sorry, but you can't spend it.

If I wanted to spend it, I can't mint.  So what's the point of using PPC in the first place?
full member
Activity: 126
Merit: 100
Might be OT so forgive if this is in the wrong place:

I recieved my first mined 'Mint by Stake' of 0.5 PPC on June 9, 2013.

Since then, my entire balance (320PPC) has been stuck? as a stake amount.  I am unable to spend any of my balance. PPCoin wallet says 'Amount exceeds your balance.' when I try.

So my balance says 0.00 PCC
Stake 320.349 PPC
Unconfirmed 0.00 PPC

It's been like that for the past 3 days. So weird.

Any one have any info to share on the situation?

There is 520-block maturity on stakes. Generally it takes about 3 days for stakes to return to balance.

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?

If you needed the balance, why would you mint with the balance you know you're going to withdraw? If you need the liquidity, you can stop minting by stake.
sr. member
Activity: 314
Merit: 251
Might be OT so forgive if this is in the wrong place:

I recieved my first mined 'Mint by Stake' of 0.5 PPC on June 9, 2013.

Since then, my entire balance (320PPC) has been stuck? as a stake amount.  I am unable to spend any of my balance. PPCoin wallet says 'Amount exceeds your balance.' when I try.

So my balance says 0.00 PCC
Stake 320.349 PPC
Unconfirmed 0.00 PPC

It's been like that for the past 3 days. So weird.

Any one have any info to share on the situation?

There is 520-block maturity on stakes. Generally it takes about 3 days for stakes to return to balance.

Seriously? My entire PPC balance becomes unavailable for 3 days if I get "lucky" enough to mint a stake? You don't see this as a problem for any semblance of mass adoption?

Hypothetical situation: I do a deal to pay in PPC on Thurdsay.  My promise is to pay for goods delivered, on Saturday.  On Friday, I mint a stake.

Do you see where this going?
legendary
Activity: 1205
Merit: 1010
Might be OT so forgive if this is in the wrong place:

I recieved my first mined 'Mint by Stake' of 0.5 PPC on June 9, 2013.

Since then, my entire balance (320PPC) has been stuck? as a stake amount.  I am unable to spend any of my balance. PPCoin wallet says 'Amount exceeds your balance.' when I try.

So my balance says 0.00 PCC
Stake 320.349 PPC
Unconfirmed 0.00 PPC

It's been like that for the past 3 days. So weird.

Any one have any info to share on the situation?

There is 520-block maturity on stakes. Generally it takes about 3 days for stakes to return to balance.
sr. member
Activity: 314
Merit: 251
Might be OT so forgive if this is in the wrong place:

I recieved my first mined 'Mint by Stake' of 0.5 PPC on June 9, 2013.

Since then, my entire balance (320PPC) has been stuck? as a stake amount.  I am unable to spend any of my balance. PPCoin wallet says 'Amount exceeds your balance.' when I try.

So my balance says 0.00 PCC
Stake 320.349 PPC
Unconfirmed 0.00 PPC

It's been like that for the past 3 days. So weird.

Any one have any info to share on the situation?
hero member
Activity: 535
Merit: 501
EMC
fyi, coingas.com now accepts ppc for steam code purchase.

Great news! How to convince more to these services?
legendary
Activity: 1205
Merit: 1010
fyi, coingas.com now accepts ppc for steam code purchase.
sr. member
Activity: 650
Merit: 318
Several people have asked me if we can set something up to donate to the design fund in btc or ppc and I think it's a good idea, but I'm not sure how we would we go about doing it. 99designs doesn't accept cryptocoins, so whatever was donated would have to be converted into cash in the end.

The reason I set up the donation page I did was because it would be faster and easier to pay for the contest as well as the fact that we get a donation meter so everyone knows how much has been raised so far. If we accepted cryptocoins, how would people know how much was already donated if there was no meter? I myself wouldn't donate if it was impossible to know if we had or hadn't reached our target goal yet, because there would be a greater chance of someone being able to pocket the money.

Is there any way to do this so everyone can keep track of it? I must confess that I'm not an expert in cryptocoins, especially when it comes to understanding the blockchain. If there is a way to do it, I think somebody else other than me should handle it, somebody that everybody already knows and trusts.
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