Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency - page 91. (Read 684864 times)

So the more PPCoins you have, and the older they are, the bigger PoS reward they give? Also, what does the current PoS difficulty translate to to the average user?

I think this is the only site I've personally heard of:

https://directvoltage.com/

Personally I'm okay with the name. I like to call them Uncle Pep Pep coins.

But it seems SO many are not.

I understand re-branding is not something to be done lightly, but I do think it is possible and could have benefits, especially if it came with something like a mint while encrypted for casuals update.

Honestly I'm too new here to be talking shit, I just want the best for Pep Peps, and I feel like no one talks about it even though it is number 3 or whatever.

Are there any vendors accepting PPC as payment?

Ok I have heard enough of complaints of the project name. I understand most of you are wishing the project well, but you have to understand, rebranding is not a risk-free task and could cause a lot of confusion in the market, not to mention costing a ton of resources of the project.

Honestly I don't think the name is too bad, it's easy to remember. Yes there are a lot of immature people making fun of the name, but why can't we just ignore them and move on, I believe one day they would be the one looking funny when talking like that.

If you truly believe the name is causing us to lose market, I'd say the evidence is to the contrary. Just one month ago we were still in a close match with devcoin, terracoin, novacoin etc. Apparently the market has decided the name was either not that bad or didn't matter and now we are #3 even ahead of namecoin.

Like I said, if you hate the name with a passion, you can refer it as peercoin as you like. Amidst all these complaints I am a bit surprised to find someone who said ppcoin is a good marketing name, while feathercoin is not, because peer-to-peer is a tech term a lot of people can associate to.

As to our marketing message of energy efficiency, that's why the leaf coin icon was made. Yes it is 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.

Sunny, the other day you said updating the official site is low priority. Can I ask what you're working on currently?

Also.. the name. Is there anyway in the 9 hells you will change the name..

http://www.reddit.com/r/ppcoin/comments/1dd0t2/does_the_name_ppcoin_have_to_be_changed_to_ensure/

Is this the official build? What OS are you running?

My PPC Wallet goes down like every other day since about a week.  Anyone else observing similar issues?   

Please Sunny. PLEASE.

That's because it already has the reputation of Nintendo behind it. It's borrowing the brand equity of Nintendo. Marketing 101. Apple can release a product known as iShit and millions of people will still buy it. Why? Because of their marketing and since it's an Apple product. Many sites like CNET rated the S3 over the iPhone 5, but the iPhone 5 and 4s still outsold the S3. It's not because Apple had the better product, because they actually don't. It's the brand message that they convey.

Try selling 100 million units from an unknown company with a product called Wii. See how that works. No one will know about the product at all. They have no brand awareness of you and so they draw the first impressions from your name.

Branding is very important. There are millions of articles talking about it. http://www.briansolis.com/2012/11/your-brand-is-more-important-than-you-think-brandstokes-9-criteria-for-brand-essence/

It's what is taught in business school. Why else do big companies create Twitter accounts and Facebook accounts to protect their brand?

Early branding is key to business success. It is the quickest way for your company to express what it is and what it can offer. PPCoin prides itself at being energy efficient. That's the major driving difference between the other alt coins. So the name should somehow reflect that and highlight this key competitive advantage. However, by calling it Peer coin, it's just merely stating that it's a cryptocurrency because Bitcoin, Litecoin and all these coins are all peer to peer electronic cash systems. However, if you call it something like EcoCoin, or EnviroCoin. You immediately position yourself as something different that sites you apart from the rest. This is our unique selling point! And we must seize every part of it to bring ourselves to the absolute top that we deserve.  I know this is what you want too convey because the picture of our coin is a leaf! But there is a disconnect as its hard to understand our logo without knowing the details of PPCoin itself.

If our name reflects the message of the leaf, then there is a brand consistency. EcoCoin, GreenCoin + Leaf = We understand.

Peer to Peer Coin + Leaf = Huhwut?

Feather Coin = Feather. Good.



Believe me, the mainstream media is taking notice at the disadvantages of Bitcoin, especially with the article:
http://techcrunch.com/2013/04/13/the-cost-of-a-bitcoin/
Bitcoin Miners Are Racking Up $150,000 A Day In Power Consumption Alone

But we are different! We're sustainable and have a greener footprint! That's the promise that we are conveying to our prospective users. And we must let them know this!

http://www.forbes.com/sites/loisgeller/2012/05/23/a-brand-is-a-specialized/

I strongly think the name matters to mass adoption. We are talking about worldwide adoption here, not just the United States where Kum & Go is located.

Instead of becoming the next Kum & Go, we want to be the next 7-11.

The idea of PPCoin is excellent, but the name is subpar and I'm afraid this is the limiting factor to its success.

I didn't realize this earlier, but someone had the same thoughts as me.

https://bitcointalksearch.org/topic/someone-should-clone-ppc-and-call-it-ecocoin-190791

EcoCoin is a great name. It has an implicit value over bitcoin implying that we are more environmental friendly than bitcoin and this is the direction that the world is heading towards....with the success of whole foods...and such.

Ahh green leaves = earth friendly = energy efficient. Ok I get it now ;o)

Your alternative suggestion is a great idea. Unfortunately it is already used ;o)

PPCoin also known as Peer to Peer coin, Peercoin, PPC and P2PCoin is the first known crypto-currency based on an implementation of a combined Proof of Stake
https://en.wikipedia.org/wiki/PPCoin

The name does and doesn't matter. Take for example Kum -n- Go gas stations. Soccer moms still use them despite the name lol.

I do agree that ppcoin.org and its branding could use a revamp. I mean what's up with that plate with maple, oak, and horse chestnut leaves on it.

I'm not really sure what that signifies?

I strongly agree that a name change should be done to increase the popularity and usage of peer coin. Marketing is extremely important to generating public awareness and adaptability. I really love PPC coin and the innovation that it provides, and props to you Sunny. But the name's gotta change. Seriously.

PPC is already a hugely popular acronym in the Internet Marketing world, as it stands for Pay per click advertising. It would take a lot of resources to educate people on the distinction. The majority of the search results on Google will show listings for Pay-per click advertising. So if people here the word PPC coin and they Google this, they won't find out what they are looking for and therefore we limit the word by word marketing. Furthermore, PPCoin looks terrible and it's not as catchy as bitcoin, litecoin or feather coin. Why if paypal announces their own coin in the future? It will likely be called PPC. PayPal Coin. Because of their huge user base, our coin will go into obscurity.

I don't mind the name Peer, but the website should have been PeerCoin instead and abbreviated PRC.

Alternative would be P2P Coin; also known as Peer to Peer Coin. Or even EcoCoin. EcoCoin will draw huge amount of press!

Just looking at the rapid growth of FeatherCoin and how well it has been marketed...we can really learn some lessons from them.

Please hear us out, Sunny!

Relying on a superior technology alone does mean that it will succeed. We need more people to adapt this coin and begin accepting it as payment. I believe a marketing play is needed here. Having a name that's easy to relate to and pronounce can increase the amount of buzz generated. Furthermore, breaking down the concepts used in this coin to layman terms is key to translating the superiority of this over Bitcoin and Litecoin.

For those that say the name doesn't matter. Branding is very important. Why else would companies spend so much money on marketing and conduct all these market survey research?

Innovations in technology have not succeeded based only on the merits of their utility. Rather, it is often the ability of this new technology to relate to society that drives such successes.

What I'm afraid of happening is that someone in the future will come up with a better brandable name and rip off the same code and achieve more success.

I was referring to the ratio of PoS blocks to PoW blocks. All one needs to take down bitcoin is to produce massive run of ASIC and deploy it. Relatively trivial for any large enough player, who's not happy about bitcoin's existence.

Except there isn't actually any theory, is there? It is more like "in unsubstantiated marketing/PR claim" than "in theory".

The theoretical underpiinnings whitepaper / research / whatever doesn't yet exist. does it?

A cynic could say it is as if SolidCoin had split into two, one making PPCoin with the ultracool central control node aspect and the other making Freicoin with the ultracool centrally controlled vast majority of the wealth aspect...

-MarkM-

That's like asking whether you should invest into euro or dollar. PPCoin is a crypto-currency and thus a tool for transfer of value, not a investment per se. What you're talking about is speculation.

The way PPC is designed, the rate of inflation will drop once the hash-speed of the network will reach a certain level. After that inflation will converge to ~1% per year as proof of stake and work mining will find equilibrium with the PPC that gets destroyed as fees.

IMHO in the long run, we need something like PPCoin more than Bitcoin, because PPC is very energy efficient and (in theory) better protected from malicious (massive ASIC) attacks than BTC.

Define long as in a long period of time. Since even a week or month is long compared to volatility / price-changes, I expect bitcoin to go up "long term" versus pretty much anything/everything, which is why it is so hard to find anything worth investing in using bitcoins other than just holding the bitcoins.

So to me its not so much a matter of anything else going down, its just that bitcoin is likely to go up real fast compared to pretty much anything for quite some time to come.

-MarkM-

I have a question regarding investing into PPC.

Because the supply of PPC is growing faster than Bitcoin and the supply can always inflate a little, will this mean PPC will go down in value against BTC over a long period of time?

If you think so, or don't think this is the case, could you give your reasons.

Many Thanks

You mentioned something about a bounty project to promote PPCoin to retailers in your weekly update. Can I read about this somewhere? I'm willing to take this task.