Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 88. (Read 684839 times)
May 03, 2013, 11:43:38 AM
BTC standard trx fee is 0.0005. What is the value for PPC ?
May 03, 2013, 10:58:36 AM
It will be nice when it can really be green, by being merged-mined.
-MarkM-
-MarkM-
Is that possible? Isn't it too late?
May 03, 2013, 10:53:19 AM
It will be nice when it can really be green, by being merged-mined.
-MarkM-
-MarkM-
May 03, 2013, 10:45:46 AM
May 03, 2013, 07:30:00 AM
I bet vegetarians will choose ppcoin over mining coins, because it's green, whale and cow included.
May 03, 2013, 02:26:51 AM
As a potential investor in PPCoin I have a bunch of questions for Sunny. First of all the block generation numbers seem high. Only a few months in and there are already 50% more PPC than BTC 5 years in. Also the block reward is still almost 400. Could you consider planning a moratorium on PoW mined coins to take effect starting say at the end of 2016 or something? This would ensure that the low energy consumption goal for PPC will definitely occur as planned.
Whatever your opinion on that proposal I'd like to see some projections of the amount of PPCoins that will exist under various scenarios. Will there be 100,000,000 by 2020? How many coins will exist before the rate of increase falls to 1.5% annually or less?
What if proof of work mining is unpopular and the difficulty stays low forever? There could be an uncomfortably high rate of inflation.
I'm quite pleased you're looking at the cold storage while still generating stake problem. That's very important for PPC savers.
Whatever your opinion on that proposal I'd like to see some projections of the amount of PPCoins that will exist under various scenarios. Will there be 100,000,000 by 2020? How many coins will exist before the rate of increase falls to 1.5% annually or less?
What if proof of work mining is unpopular and the difficulty stays low forever? There could be an uncomfortably high rate of inflation.
I'm quite pleased you're looking at the cold storage while still generating stake problem. That's very important for PPC savers.
Hi calian,
It's difficult to predit money supply growth because it highly depends on market adoption. But absent of adoption, Moore's Law alone would guarantee the reduction of proof-of-work minting. By 2016, I imagine a lot of miners own a mini-rig kind of machine. So the hash rate would be a lot higher regardless.
Currently I would say it's safe to say that ppcoin would track litecoin's money supply for many years. BTW ppcoin already reached lower inflation rate than litecoin. So reaching 100M money supply is going to be a long long long wait, if ever happens.
May 03, 2013, 01:50:10 AM
As a potential investor in PPCoin I have a bunch of questions for Sunny. First of all the block generation numbers seem high. Only a few months in and there are already 50% more PPC than BTC 5 years in. Also the block reward is still almost 400. Could you consider planning a moratorium on PoW mined coins to take effect starting say at the end of 2016 or something? This would ensure that the low energy consumption goal for PPC will definitely occur as planned.
Whatever your opinion on that proposal I'd like to see some projections of the amount of PPCoins that will exist under various scenarios. Will there be 100,000,000 by 2020? How many coins will exist before the rate of increase falls to 1.5% annually or less?
What if proof of work mining is unpopular and the difficulty stays low forever? There could be an uncomfortably high rate of inflation.
I'm quite pleased you're looking at the cold storage while still generating stake problem. That's very important for PPC savers.
Whatever your opinion on that proposal I'd like to see some projections of the amount of PPCoins that will exist under various scenarios. Will there be 100,000,000 by 2020? How many coins will exist before the rate of increase falls to 1.5% annually or less?
What if proof of work mining is unpopular and the difficulty stays low forever? There could be an uncomfortably high rate of inflation.
I'm quite pleased you're looking at the cold storage while still generating stake problem. That's very important for PPC savers.
May 03, 2013, 12:50:34 AM
FYI, my online stake protection proposal is published for public review:
https://bitcointalksearch.org/topic/ppc-proposal-ppcoin-online-stake-safety-194054
It's an important piece of puzzle to significantly improve stake participation thus further strengthening network security.
Some of you have noticed that stake participation rate is low currently on the network, thus falsely concluding that proof-of-stake doesn't work. However to put things in perspective, in the future of bitcoin, let's say bitcoin reached 20M money supply in some future date, and average block pay to miner is now 10BTC per block (subsidy+fees). That would be an annual income of ~500K BTC, a paultry 2.5% of money supply, for the entire mining business to protect the network for a year. However, mining is weaker in the sense, you don't need the 2.5% of bitcoin money supply to launch 51% attack on bitcoin, you just need to rent hashing power for a few days to destroy the credibility of the network, which could potentially cost only 1% of that 2.5%. While if you want to 51% attack on proof-of-stake, at any time you probably need say 5% of money supply to do it, even just for a very short period. When the stake participation rate becomes higher, the cost would become more and more prohibitive.
https://bitcointalksearch.org/topic/ppc-proposal-ppcoin-online-stake-safety-194054
It's an important piece of puzzle to significantly improve stake participation thus further strengthening network security.
Some of you have noticed that stake participation rate is low currently on the network, thus falsely concluding that proof-of-stake doesn't work. However to put things in perspective, in the future of bitcoin, let's say bitcoin reached 20M money supply in some future date, and average block pay to miner is now 10BTC per block (subsidy+fees). That would be an annual income of ~500K BTC, a paultry 2.5% of money supply, for the entire mining business to protect the network for a year. However, mining is weaker in the sense, you don't need the 2.5% of bitcoin money supply to launch 51% attack on bitcoin, you just need to rent hashing power for a few days to destroy the credibility of the network, which could potentially cost only 1% of that 2.5%. While if you want to 51% attack on proof-of-stake, at any time you probably need say 5% of money supply to do it, even just for a very short period. When the stake participation rate becomes higher, the cost would become more and more prohibitive.
May 02, 2013, 09:09:50 PM
It is not a competition, it is a co-operative effort to try to make and deploy sufficient soupbowls to actually catch all the soup that is currently raining down upon us! 
Wouldn't want good soup to go to waste! So get out there with your bowl and catch some!
-MarkM-
Wouldn't want good soup to go to waste! So get out there with your bowl and catch some!
-MarkM-
May 02, 2013, 08:58:04 PM
So the 2nd ppcoin fork 'bitbar' has been released today.
In my opinion that's a good thing for ppcoin. There will be a lot more clone altcoins by the end of the year. Having multiple clones of our work actually indicates that more developers are valuing the design, and more new users would have opportunity to learn about the original work in ppcoin.
I am happy that we have a more pro-active user base now. There are users contributing both on github and graphics work. So let's continue the great work and be diligent in this fierce altcoin competition!
In my opinion that's a good thing for ppcoin. There will be a lot more clone altcoins by the end of the year. Having multiple clones of our work actually indicates that more developers are valuing the design, and more new users would have opportunity to learn about the original work in ppcoin.
I am happy that we have a more pro-active user base now. There are users contributing both on github and graphics work. So let's continue the great work and be diligent in this fierce altcoin competition!
May 02, 2013, 08:21:51 PM
PPC won't gain the credibility it deserves until renamed to SUNcoin.
May 02, 2013, 07:41:40 PM
I've been waiting since last night to post this, since I was relegated to the newbie forum, but I love the new logo, if that is indeed what we're sticking with. I made it my new avatar. I think it helps bring PeerCoin a little bit more credibility. I just wish the website was updated now to be more friendly and informative to new people.
May 02, 2013, 05:35:58 PM
Might also be related to the fact that those other altcoins have issued much smaller amounts of coins so far. Going by market cap, ppcoin is about on par with namecoin, and about 5x bigger than the next one (terracoin). About 10x as big as feathercoin.
I think dustcoin's calculation is a bit off for feathercoin, it's 4x too low. FTC has close to 30k BTC market cap today.
May 02, 2013, 05:24:12 PM
I don't get how other altcoins are priced higher than ppc, even FTC released a few days ago is worth more than PPC.
Because there's a tons of PPC out there, the new coins are relatively scarce. The price on new coins should drop in a few months, if not weeks.
May 02, 2013, 05:22:28 PM
Maybe because there are a lot more PPC than there are FTC??
Might also be related to the fact that those other altcoins have issued much smaller amounts of coins so far. Going by market cap, ppcoin is about on par with namecoin, and about 5x bigger than the next one (terracoin). About 10x as big as feathercoin.
May 02, 2013, 09:33:52 AM
The other coins are repeatedly pumped and dumped, resulting in what appears to be a steady long term increase. I've heard its harder to do this with PPC. Not sure why. Regardless, the others are sitting on a house of cards and will plummet in value if and when the pumping stops.
May 02, 2013, 07:21:33 AM
Maybe because there are a lot more PPC than there are FTC??
May 02, 2013, 07:07:56 AM
I don't get how other altcoins are priced higher than ppc, even FTC released a few days ago is worth more than PPC.
May 01, 2013, 09:35:07 PM
Sun theme plz.
May 01, 2013, 09:33:27 PM
Better 
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