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Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 77. (Read 684839 times)

hero member
Activity: 714
Merit: 510
Quote
The fact that it trades as low as it does relative to all other alt-coins that offer nothing new to the cryptosphere tells me PPC is seriously lacking advertising, marketing and appeal to new-comers.


PPC is being forked by other new coins, and PPC is the first one on the scene in their genre sort of thing, if I understand what I read about PPC anyways. PPC has Sunny King who is regularly and diligently involved with PPC, which is much better than many of the other coins. PPC also has a track record, whereas the brand new coins coming out do not. Yes, I think PPC needs to mount an advertising campaign to let people know about PPC strong points, perhaps by hiring 10 people to work full time on advertising all over the net.

PPC has room to improve its image? The recent drop in price of PPC at btc-e.com may only be temporary. Now might be a good time to load up on PPC, and get a quick gain as other coin investors realize that PPC is undervalued and come rushing in en masse, driving PPC to the moon.


PPC is number 3.

1- Bitcoin
2- Litecoin
3- PPcoin





PPC needs to actually get a web/android wallet. It also needs a tipbot. It needs a jobs site so people can get paid in PPC for working. I think PPC can make itself different from BTC if the focus is on allowing people to work for it online.

The other thing is, if you're gonna use a bounty then the first thing you should focus on after marketing is infrastructure. PPC needs a job site, it needs chat/cam sites, etc. The first way would be to go to the people who are running these sites and offer them 300 PPC to integrate it into their site. Offer bounties for a PPC tipbot. 1000PPC to anyone who builds a tipbot functionality which works across the web. Focus on getting people to use it even if in trivial ways, and highligh the fact that it's cheaper than Litecoins.

+cointip Luckybit 1uPPC

here you go

Wow I didn't even know this was possible. Did you just code that up?

But yeah, the tipbots are very important because I think the best way to introduce people to a new coin is to give them some. When people have coins they'll then want to know how to spend it but the best way to learn about this kind of money is to use it.
member
Activity: 69
Merit: 10
Quote
The fact that it trades as low as it does relative to all other alt-coins that offer nothing new to the cryptosphere tells me PPC is seriously lacking advertising, marketing and appeal to new-comers.


PPC is being forked by other new coins, and PPC is the first one on the scene in their genre sort of thing, if I understand what I read about PPC anyways. PPC has Sunny King who is regularly and diligently involved with PPC, which is much better than many of the other coins. PPC also has a track record, whereas the brand new coins coming out do not. Yes, I think PPC needs to mount an advertising campaign to let people know about PPC strong points, perhaps by hiring 10 people to work full time on advertising all over the net.

PPC has room to improve its image? The recent drop in price of PPC at btc-e.com may only be temporary. Now might be a good time to load up on PPC, and get a quick gain as other coin investors realize that PPC is undervalued and come rushing in en masse, driving PPC to the moon.


PPC is number 3.

1- Bitcoin
2- Litecoin
3- PPcoin





PPC needs to actually get a web/android wallet. It also needs a tipbot. It needs a jobs site so people can get paid in PPC for working. I think PPC can make itself different from BTC if the focus is on allowing people to work for it online.

The other thing is, if you're gonna use a bounty then the first thing you should focus on after marketing is infrastructure. PPC needs a job site, it needs chat/cam sites, etc. The first way would be to go to the people who are running these sites and offer them 300 PPC to integrate it into their site. Offer bounties for a PPC tipbot. 1000PPC to anyone who builds a tipbot functionality which works across the web. Focus on getting people to use it even if in trivial ways, and highligh the fact that it's cheaper than Litecoins.

+cointip Luckybit 1uPPC

here you go
hero member
Activity: 714
Merit: 510

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?


I'll set up a site, titled and devoted to Golden Showers! The best part is that people can pay with their PPcoins  Wink

In actuality I agree with the detractors. Nothing is stopping someone from setting up a porn site but I don't see any reason to encourage it for the purpose of promoting Peercoin.

Money isn't marketed by morals. Money is marketed by getting people to use it. I see enough sites and people using PPcoin and now I want to try it, even if the only people I see using it at first are porn stars and gambling  sites.

Immoral people are more attracted to PPcoin than moral people because immoral people are more attracted to cryptocurrencies generally. Conservative church going folk aren't going to be the early adopters in Bitcoin, Litecoin or PPcoin. So if it's about marketing then you gotta get whomever you can to use the coin however you can just so long as it's legal.

My suggestion is make a list like Devcoin has for all sorts of sites which need to be made based not on morals but based entirely on the amount of people that kind of site can attract to PPcoin. Porn sites attract people like flies attracted to shit.
legendary
Activity: 1205
Merit: 1010
I noticed several new altcoin oriented exchanges do not carry ppcoin. I don't know why but it's important that ppcoin gets carried by more exchanges.

send your request for ppcoin support to:
cryptsy ([email protected])
mcxNow ([email protected])
and any other that I have missed.
newbie
Activity: 45
Merit: 0

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?


I'll set up a site, titled and devoted to Golden Showers! The best part is that people can pay with their PPcoins  Wink

In actuality I agree with the detractors. Nothing is stopping someone from setting up a porn site but I don't see any reason to encourage it for the purpose of promoting Peercoin.
hero member
Activity: 714
Merit: 510
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

I think you are talking about a fiat currency. People have to spend it to live.  There are ~20 cryptocoins out there and counting. People don't have to spend PPC to live. Most of the incentive for people to have PPC is in having it sleeping in the wallet. No?


Where can you spend PPC? That is the problem. Where can you earn PPC? That is the problem.

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?

PPcoin should take it's weakness and make it into it's strength. It's already perceived as the sort of porn coin so why not just take that entire market and monopolize that in the same way BTC and LTC took over the illegal drug market?

If each image and each movie on the porn site costs PPcoins suddenly people will be trying to buy PPCoins and if the site offers a way for people to buy these coins direct from the site then it will work.

hmm , if that would work would be positive, however I don't think a currency should be tied to one type of product/service

You have to start somewhere. How did BTC and LTC start? You have to find a niche for PPC or there is no reason for people to buy it. Porn is a good niche to start with.  Besides people already think of porn when they think of PPC so it markets itself.


it also comes with the risk that it could drive some interested people away (those who are interested in it because of the green/low electricity cost, they like it for the "clean" image, and suddenly now it is a dirty porn coin..)

That assumption is assuming they aren't the same people. You don't porn stars and porn watchers don't want cheaper electricity and clean air and water?
sr. member
Activity: 473
Merit: 250
Sodium hypochlorite, acetone, ethanol
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

I think you are talking about a fiat currency. People have to spend it to live.  There are ~20 cryptocoins out there and counting. People don't have to spend PPC to live. Most of the incentive for people to have PPC is in having it sleeping in the wallet. No?


Where can you spend PPC? That is the problem. Where can you earn PPC? That is the problem.

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?

PPcoin should take it's weakness and make it into it's strength. It's already perceived as the sort of porn coin so why not just take that entire market and monopolize that in the same way BTC and LTC took over the illegal drug market?

If each image and each movie on the porn site costs PPcoins suddenly people will be trying to buy PPCoins and if the site offers a way for people to buy these coins direct from the site then it will work.

hmm , if that would work would be positive, however I don't think a currency should be tied to one type of product/service

You have to start somewhere. How did BTC and LTC start? You have to find a niche for PPC or there is no reason for people to buy it. Porn is a good niche to start with.  Besides people already think of porn when they think of PPC so it markets itself.


it also comes with the risk that it could drive some interested people away (those who are interested in it because of the green/low electricity cost, they like it for the "clean" image, and suddenly now it is a dirty porn coin..)
hero member
Activity: 714
Merit: 510
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

I think you are talking about a fiat currency. People have to spend it to live.  There are ~20 cryptocoins out there and counting. People don't have to spend PPC to live. Most of the incentive for people to have PPC is in having it sleeping in the wallet. No?


Where can you spend PPC? That is the problem. Where can you earn PPC? That is the problem.

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?

PPcoin should take it's weakness and make it into it's strength. It's already perceived as the sort of porn coin so why not just take that entire market and monopolize that in the same way BTC and LTC took over the illegal drug market?

If each image and each movie on the porn site costs PPcoins suddenly people will be trying to buy PPCoins and if the site offers a way for people to buy these coins direct from the site then it will work.

hmm , if that would work would be positive, however I don't think a currency should be tied to one type of product/service

You have to start somewhere. How did BTC and LTC start? You have to find a niche for PPC or there is no reason for people to buy it. Porn is a good niche to start with.  Besides people already think of porn when they think of PPC so it markets itself.
sr. member
Activity: 473
Merit: 250
Sodium hypochlorite, acetone, ethanol
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

I think you are talking about a fiat currency. People have to spend it to live.  There are ~20 cryptocoins out there and counting. People don't have to spend PPC to live. Most of the incentive for people to have PPC is in having it sleeping in the wallet. No?


Where can you spend PPC? That is the problem. Where can you earn PPC? That is the problem.

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?

PPcoin should take it's weakness and make it into it's strength. It's already perceived as the sort of porn coin so why not just take that entire market and monopolize that in the same way BTC and LTC took over the illegal drug market?

If each image and each movie on the porn site costs PPcoins suddenly people will be trying to buy PPCoins and if the site offers a way for people to buy these coins direct from the site then it will work.

hmm , if that would work would be positive, however I don't think a currency should be tied to one type of product/service
hero member
Activity: 714
Merit: 510
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

I think you are talking about a fiat currency. People have to spend it to live.  There are ~20 cryptocoins out there and counting. People don't have to spend PPC to live. Most of the incentive for people to have PPC is in having it sleeping in the wallet. No?


Where can you spend PPC? That is the problem. Where can you earn PPC? That is the problem.

So lets give people places to earn and spend PPC and you solve the problem. My suggestion is PPC should become the standard coin of pornography. People might not spend money on many things but porn is something people will always stock up on and never get enough of. Unlike the drug scene, porn is actually legal so why not set up bounties for people who start porn sites which exclusively run on PPC?

PPcoin should take it's weakness and make it into it's strength. It's already perceived as the sort of porn coin so why not just take that entire market and monopolize that in the same way BTC and LTC took over the illegal drug market?

If each image and each movie on the porn site costs PPcoins suddenly people will be trying to buy PPCoins and if the site offers a way for people to buy these coins direct from the site then it will work.
hero member
Activity: 714
Merit: 510
Quote
The fact that it trades as low as it does relative to all other alt-coins that offer nothing new to the cryptosphere tells me PPC is seriously lacking advertising, marketing and appeal to new-comers.


PPC is being forked by other new coins, and PPC is the first one on the scene in their genre sort of thing, if I understand what I read about PPC anyways. PPC has Sunny King who is regularly and diligently involved with PPC, which is much better than many of the other coins. PPC also has a track record, whereas the brand new coins coming out do not. Yes, I think PPC needs to mount an advertising campaign to let people know about PPC strong points, perhaps by hiring 10 people to work full time on advertising all over the net.

PPC has room to improve its image? The recent drop in price of PPC at btc-e.com may only be temporary. Now might be a good time to load up on PPC, and get a quick gain as other coin investors realize that PPC is undervalued and come rushing in en masse, driving PPC to the moon.


PPC is number 3.

1- Bitcoin
2- Litecoin
3- PPcoin





PPC needs to actually get a web/android wallet. It also needs a tipbot. It needs a jobs site so people can get paid in PPC for working. I think PPC can make itself different from BTC if the focus is on allowing people to work for it online.

The other thing is, if you're gonna use a bounty then the first thing you should focus on after marketing is infrastructure. PPC needs a job site, it needs chat/cam sites, etc. The first way would be to go to the people who are running these sites and offer them 300 PPC to integrate it into their site. Offer bounties for a PPC tipbot. 1000PPC to anyone who builds a tipbot functionality which works across the web. Focus on getting people to use it even if in trivial ways, and highligh the fact that it's cheaper than Litecoins.
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

I think you are talking about a fiat currency. People have to spend it to live.  There are ~20 cryptocoins out there and counting. People don't have to spend PPC to live. Most of the incentive for people to have PPC is in having it sleeping in the wallet. No?
legendary
Activity: 1205
Merit: 1010
Ok, wait a minute. When PPCoin was first released, I bought a few K coins, and when a month passed, I had generated two PoS blocks with around 900 coins each. I look at a PPCoin blockexplorer, and most PoS blocks are less than 1 PPcoin. Has something changed that I don't know?

The generation (mint) is typically less than 1 coin. 900 coins are your stake amount.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
Ok, wait a minute. When PPCoin was first released, I bought a few K coins, and when a month passed, I had generated two PoS blocks with around 900 coins each. I look at a PPCoin blockexplorer, and most PoS blocks are less than 1 PPcoin. Has something changed that I don't know?
member
Activity: 70
Merit: 10
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

This is my take on the whole idea of people hoarding.  The percentage earned from POS is relatively low compared to even a 'risk free rate' that you could earn in the market.  In a savings account is no place for money to stay long term.  You have to learn to let your money work for you. 
legendary
Activity: 1078
Merit: 1002
Bitcoin is new, makes sense to hodl.
same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
At least I mine and buy PPC because I think the PoS idea is interesting. But on the other hand I feel if PoS is the dominant idea why everyone is having PPC, then all the PPCs will be sitting in the wallet idling. That can't be good.

The transaction fee of PPC is destroyed so that miners will cooperate better. Isn't this like destroying wealth, or driving with the handbrake on? Why not use traction fee to fund PoS reward? The velocity of money is correlated to the intensity of economic activity which hopefully create wealth. If the transaction fee funds PoS it is like paying bonus to the participants of PPC economy.
Yeah, PoS is indeed very interesting but it endorses the idea of keeping your coins and never moving them.
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
At least I mine and buy PPC because I think the PoS idea is interesting. But on the other hand I feel if PoS is the dominant idea why everyone is having PPC, then all the PPCs will be sitting in the wallet idling. That can't be good.

The transaction fee of PPC is destroyed so that miners will cooperate better. Isn't this like destroying wealth, or driving with the handbrake on? Why not use traction fee to fund PoS reward? The velocity of money is correlated to the intensity of economic activity which hopefully create wealth. If the transaction fee funds PoS it is like paying bonus to the participants of PPC economy.
hero member
Activity: 504
Merit: 500
FPGA Mining LLC
Sorry to interrupt coin and website design topics. I have some questions on the long term economy/viability of PPC.
I have read this thread https://bitcointalk.org/index.php?topic=120097.10  and would like to know more.

Why there is a 30-day waiting period before generating PoS (interest) ? Is this intentionally put there to set apart coins in "checking account" (for circulation and spending) and "saving account" (for generating interest) ?
Not sure if that was the intention, but it is the effect at least. Might also have some security background.

The ppcoin-paper doesn't say how PoS minting difficulty  is determined. Does the PoS minting difficulty have a one-to-one relation with the "interest rate" (1% currently)? Will the "1% figure change once the PoS minting difficulty changes?
Proof of Stake difficulty is determined in a way that ensures that one block is found roughly every 10 minutes. I don't remember the exact algorithm right now, but it behaves fairly similarly to bitcoin's proof of work difficulty.
The 1% figure is constant for any significant amounts of coins. When you find a proof of stake block, the reward is calculated to be 1% of the chosen coins multiplied by the time that they haven't moved in years. If the amount of coins that you hold is small enough to not generate a proof of stake block before you move them again, you might not get any proof of stake reward though.

With fiat currencies we have seen that interest rates have great influency on the economy.  How do the waiting period, interest rate, and PoS minting difficulty affect PPC ecnonomy, and long term viability of PPC? Can somehow let the market determine these numbers (30 day, 520 blocks, 1% ...)?
Not with the current design at least. But remember that bitcoin (and also ppcoin) is all about deregulation to allow for predictable conditions. It's an all different philosophy compared to how the "fiat world" works, based on the assumption that not completely predictable changes in those conditions might cause more harm than the regulation prevents in the first place. Whether that is viable in the long term remains to be seen...
hero member
Activity: 516
Merit: 500
CAT.EX Exchange
Sorry to interrupt coin and website design topics. I have some questions on the long term economy/viability of PPC.
I have read this thread https://bitcointalk.org/index.php?topic=120097.10  and would like to know more.

Why there is a 30-day waiting period before generating PoS (interest) ? Is this intentionally put there to set apart coins in "checking account" (for circulation and spending) and "saving account" (for generating interest) ?

The ppcoin-paper doesn't say how PoS minting difficulty  is determined. Does the PoS minting difficulty have a one-to-one relation with the "interest rate" (1% currently)? Will the "1% figure change once the PoS minting difficulty changes?

With fiat currencies we have seen that interest rates have great influency on the economy.  How do the waiting period, interest rate, and PoS minting difficulty affect PPC ecnonomy, and long term viability of PPC? Can somehow let the market determine these numbers (30 day, 520 blocks, 1% ...)?

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