Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 90. (Read 684839 times)

No, because mining is from the get-go just wasteful.

Create 100 billion Ecos, give them to eco/enviro charities initially, then people can earn them by doing stuff the charities want done (and are willing to pay in these new coins that were donated to them to get done).

-MarkM-

I think the environmental aspects would need to be peer reviewed in a scientific way, as to the actual consumption of power by the machines used to mine it compared to if they mined other coins.

Changing the name to Eco or Enviro type stuff would merely be misleading, trying to draw attention away from the same old enrgy-wasting mining that all the other coins do, with a dash of PoS thrown in to make it possibly, if actually done right and it works, more secure.

If you want an Eco or Enviro coin, clone Ripple.

( See https://bitcointalksearch.org/topic/ecopay-aka-ecopal-191789 )

-MarkM-

well, name speculations aside, I have a technical question.

I'm studying PPC code for a long time now [thank you Sunny for all explanations],
but cant find any reason for 520 confirmations for every mined block, especialy POS.

can anybody explain move from 120 to 520?

I'm fine with the name, it's one of two names that are not boring, the second being BBQCoin
So really people who find these urination associations funny should feel worried about their sense of humor.

(bolded by me for emphasis).

Yes I agree completely - I started a discussion about this here: (I actually propose launching a new coin called Ecocoin based on PPC)
https://bitcointalksearch.org/topic/someone-should-clone-ppc-and-call-it-ecocoin-190791

lol yeah it was the most obnoxious example I could think of ;o)

http://kumandgo.com

I want to make a pool for PPCoin, the exchanger and the stock exchange.

Is there a source?

I believe that the undivided hegemony coinotron.com must come to an end

lol, I almost felt from my chair
But I think it isn't the best example, never heard of it

I myself think you underestimate the importance of good branding, Eco-Coin with a nice matching logo and good informative website probably will gain a lot more users than it would cost. Eco is hot, and could get it adopted by people outside the btc community. 

PPcoin isn't a name that bothers me, but it surely doesn't represent the coins most important future.

I'm fine with the name. People have already recognized it. Probably easiest coin name to remember out there. Doesn't sound scammy as ByteCoin.

You mean you've hoarded shitload of coins and want them to appreciate in value to become filthy rich with near zero effort?

It's a lot more complicated than that I think. A lot of you appears to think that by switching a name then we can take on bitcoin. It's not so simple. The name appears to be an easy blame right now. Think about it, bitcoin has almost 4-year lead on us, litecoin almost 1-year lead. We have only 10% user base of litecoin right now.

Yes we have innovative technology and bring a message of energy efficiency (eco-friendly) I bet many bitcoiners already know this. Still the retail acceptance is low. Why? Most retailers don't care if we are eco-friendly, that we have different technology, they only accept what a lot of people have asked about.

I suggest many of our new enthusiastic users begin making some effort to talk to your favorite bitcoin accepting stores and promote the idea of supporting new innovations, supporting environmental responsibility. I believe within a year the cryptocurrency community would be much more open-minded to competing currencies rather than being defensive of bitcoin. But it takes time. Instead of just pushing me to change names, which is a false shortcut in my opinion, and I think it could turn out very disappointing than you would have imagined. So far only one altcoin team attempted name change, that is solidcoin, and turned out to be a disaster. The whole project basically collapsed afterwards.

Where's my chip chip? Tch tch tch! Cmon out out.

Doesn't PoS encourage MORE hoarding then bitcoin already does?

Chippy coins!

maybe from a marketing point of view it is better to keep the name ppcoin, so people keep discussing it, it seems like the more ppcoin stays the same, the more people are talking about it (or just about its name, and sometimes discussion continues further into the backgrounds of ppcoin) , although can be annoying sometimes

No I hear you Jessica.

Sunny, I mean Jessica's right. They are ALL peer to peer. That's not what's special about them, and sure as hell not why I chose them as my primary alt coin either. I chose them because of PoS which actually sets them apart. I see PPC as the best or among the best from a feature stand point, and peer to peer isn't it..

Being #3 is pretty respectable, but I'm looking at what we need to project ourselves into #2 or #1. I understand that there are a lot of risks associated with re-branding, but we are still so early into the game that its the best time to do so if we choose to brand. Something like PTP to emphasize the Peer to Peer would be alright as well.

I have a lot invested into the success of PPCoin and I want everything that can be done to increase the odds of success.

It's just that there is an overwhelming number of currencies right now and they are all decentralized. That's the nature of all these currencies. That's a given. Bitcoin, Litecoin, Namecoin, Terracoin, Devcoin, Novacoin, Ixcoin, Feathercoin.


I would much prefer to brand our coin and differentiate ourselves by emphasizing the major attraction of our coin, that it is the FIRST long term energy efficient crypto currency out there. People will eventually get coin fatigue in the future and there's going to be so many different coins out there. And more coming out in the future.

Sunny, your statement of " our central marketing message from the beginning. But I think, peer-to-peer (i.e. decentralization) is the main innovation of cryptocurrency, having it in the name shouldn't be such a bad thing." is only good if there is only one coin in existence. But there are so many different flavors of coins out there. People already associate Bitcoin with P2P.

We have a super crazy awesome unique selling point and that should be the strength that we market.

 I want our name to be something that instantly rings with our potential user base to immediately tell them what we are all about.

Something like ECOCoin will immediately tell them that we are ecologically friendly and that sets us apart. Peer-To-Peer does nothing to differentiate us from the other Bitcoins because they are all Peer-To-Peer (that's the nature of Bitcoin itself). People will think....ECO and step back and think....wait a second....how?

Peer to Peer does none of that because all the cryptocurrencies are Peer to Peer.

Here's an analogy. Let's say the Alt coins are cookies. And what we're doing is that we're describing something that is an inherent property of the Alt coin as our name. So our name would be baked treat.

I feel it's far more effective if we name and market ourselves based on our ingredients (what sets us apart), so instead of calling us baked treat. We would be: chocolate chip cookie, raisin cookie, gingerbread cookie, peanut butter cookie.

If no one else made cookies in the world or any other baked treat, then calling us a baked treat would be appropriate.

From the Wikipedia,

As of April 14, 2013, PPCoin had a market cap of 29323 BTC (USD $2,932,300 Million)

Bitcoin is over 1 billion dollars.

We are only 0.002 of Bitcoin's market value.

[Edit: Current Numbers are: 7.5 million for PPCoin, and Namecoin is 6.8 million (which is fairly close)]

In order to seriously compete with Bitcoin and their first to market advantage, we need to ensure changes that can propel us forward. My goal is to have PPCoin replace Bitcoin in the future.

Maybe I'm not expressing myself properly, but I feel like we should have much more success already given the extraordinary nature of our technological advancement. I'm not saying that the name prevented us from losing market share, I'm saying that it may be a hurdle to becoming #1 in the future because PoS is fucking amazing and people don't really know about PoS yet....

The reward is basically a fixed 1% annual interest, assuming your wallet has low 'churning' and you run the client often enough to generate blocks.

As to the difficulty, difficulty 1 means 2**32 coin-day-second, it's less intuitive to PoW case if you are not familiar with how proof-of-stake is generated. Basically it means if your coin (txout) is 'weighted' at 1 coin-day, it would take 2**32 second on average to generate a block. Since v0.3, the weighting has been adjusted a bit. For example, a coin 30 days old gets 0 day weight, 60 days gets 30-day weight, 90 days and beyond gets 60-day weight.

Cool thx for the link.  

On another note I think ppcoin is OK for a name.  It would be rather inconvenient to re-brand it now.