[poll] PPC as a major cryptocoin - page 2.

irishmick

full member

Activity: 134

Merit: 100

Quote from: VinceSamios on May 07, 2013, 10:51:00 AM

For the following reasons PPC is NOT a major crypto-currency

1. ~~Largest trading volume ever in one day, was 7.5BTC~~ - this is laughable edit: (apparently it's nearer 1000btc/day now)
2. PPC has very little if any news coverage as opposed to more than 65,000 articles for bitcoin
3. While the technology is innovative, it is fundamentally flawed in that 51% attacks can be performed by anyone with a decent volume of coins, ~~and nobody can predict who/when they will occur.~~
~~4. The biggest exchanges aren't even thinking about using PPC (unlike LTC for example)~~
~~5. Nobody is really accepting either sales or donations in PPC (again unlike LTC)~~

The market cap figures of "$4mil" is completely ludicrous considering the highest volume in a single days trade was equiDon't get me wrong, I hate LTC because its a refuge for miners, however it is a major cryptocurrency. PPC isn't.

My suspicion is that OP of the Alt-Coins list is using the list to ramp his own holdings.valent of $750

Figured I'd help you clean up your rationale.
1. It's been over 200+ on vircurex for quite some time. Since going to btc-e it's been a lot higher.
2. Not much I can say about this. News articles are growing.
3. I don't know a lot about stake. I tend to ask quite a few questions. I do know that for someone to 51% they'd have to have enough stake that they've been sitting on for at least 30 days to solve consecutive POS blocks and have enough hash to take pow blocks. I think it would be quite expensive. Also your statement about predicting 51% attacks, if you can predict when they will occur on other blockchains you can probably stop mining and just set up a 51% attack warning subscription service.
4. I consider btc-e a large exchange. If you are referring to gox they said they were considering multiple currencies just because they haven't accepted ppc yet, wait they did accept ltc already didn't they? lmao
5. Anonymous is accepting it are they nobody?

That's it nothing more to say from me. I just think you shot from the hip thinking it would be an easy shot when you should have taken aim.

robotrebellion

member

Activity: 61

Merit: 10

Quote

51% attacks can be performed by anyone with a decent volume of coins

Where are you getting this from?

Quote

The biggest exchanges aren't even thinking about using PPC (unlike LTC for example)

Which exchange other than MtGox are you referring to?

Quote

PPC has very little if any news coverage as opposed to more than 65,000 articles for bitcoin

This comparison lacks perspective. How many news articles have covered Namecoin and Litecoin?

A quick Google News search shows that PPCoin has had more "news coverage" than Namecoin.

https://www.google.com/search?hl=en&tbm=nws&q=litecoin
https://www.google.com/search?hl=en&tbm=nws&q=namecoin
https://www.google.com/search?hl=en&tbm=nws&q=ppcoin

By your logic on this point even Litecoin wouldn't deserve Major status because it "only" has 422 articles to Bitcoin's 65,000.

btbrae

hero member

Activity: 680

Merit: 500

Sunny King seems to be the most active of all the alt developers for PPC, he posts weekly updates and involves himself in the community here, PPC has brought the genre forward with PoW+PoS and you only have to look at the coins that have copied it to see that. It's also surviving the test of time which is more than a lot of other flash in the pan altcoins that come up with nothing new except a variable change or two.

davidpbrown

sr. member

Activity: 531

Merit: 260

Vires in Numeris

Note: Poll is rigged in favour of no change.. [No] vote unlikely to beat the [Yes plus Wait]

If proof of stake has a role to play, then PPC is the example of what that means at an extreme.

For me, it's still
Major: BTC; LTC; PPC; NMC; DVC
Minor: FTC; TRC; MNC; CNC; BTE; BQC; etc

If you want to consider a coin going minor, then perhaps DVC is not doing much.
PPC is just waiting for when/if proof of work become an issue - it remains a major contribution, with all the potential that goes with that.

If volume rises, then perhaps even copycats will do well but is that enough. We don't know if speed of confirmations will be a big factor yet - BBQ could become a major or Feathercoin even. CNC could in theory become big in size but I'd rather see contribution to development valued over just market cap.

robotrebellion

member

Activity: 61

Merit: 10

I vote yes for the following reasons:

Market cap:

It has the fourth largest market cap of all alt-coins (> $4 million USD).
Its market cap is 4x larger than the next-largest altcoin (FTC).

Innovation and "hard-fork" status

It uses a proof-of-stake system that is unique and also considered to be a "hard-fork".
It is the most successful alt-coin to date which diverges from the pure proof-of-work paradigm.

Usage

PPCoin is beginning to receive market traction. Most notably, it is being added to The Free Market, alongside BTC and LTC.

emfox

full member

Activity: 276

Merit: 102

those who against ppc as major one, please look at this url:

http://www.reddit.com/r/Bitcoin/comments/1dey8i/ann_thefreemarket_launch_est_21st_june_2013/

Yurizhai

hero member

Activity: 764

Merit: 500

A valid question, but:

I think it should be. I know of at least 1 store that accepts PPC along with LTC and BTC as payment.

It will also be one of 3 coins to have a drug website that accepts it by mid June.

It also has a real developer who interacts with the community.

That's more than I can say for any other coin besides BTC and LTC, and I hadn't even mentioned it's innovation.

jubalix

legendary

Activity: 2618

Merit: 1022

Quote from: VinceSamios on May 07, 2013, 10:51:00 AM

For the following reasons PPC is NOT a major crypto-currency

1. Largest trading volume ever in one day, was 7.5BTC - this is laughable edit: (apparently it's nearer 1000btc/day now)
2. PPC has very little if any news coverage as opposed to more than 65,000 articles for bitcoin
3. While the technology is innovative, it is fundamentally flawed in that 51% attacks can be performed by anyone with a decent volume of coins, and nobody can predict who/when they will occur.
4. The biggest exchanges aren't even thinking about using PPC (unlike LTC for example)
5. Nobody is really accepting either sales or donations in PPC (again unlike LTC)

The market cap figures of "$4mil" is completely ludicrous considering the highest volume in a single days trade was equivalent of $750

Don't get me wrong, I hate LTC because its a refuge for miners, however it is a major cryptocurrency. PPC isn't.

My suspicion is that OP of the Alt-Coins list is using the list to ramp his own holdings.

PEOPLE WHO DONT LOOK AT FACTS

logo
Last Price: 0.00224 BTC
Low: 0.002 BTC
High: 0.0025 BTC
Volume: 384594 PPC / 847 BTC
Server Time: 07.05.13 19:49

THATS 847 BTC so far today on BTCe alone, which is 2+ orders of MAGNITUDE greater than 750$ try over 100K! over a few hours

jubalix

legendary

Activity: 2618

Merit: 1022

Quote from: xorxor on May 06, 2013, 10:10:19 AM

self moderated, I dont want it to go off-topic.
please stay on PPC

I dont want to make some artificial line, there is to many factors.
I tried to decide myself - but I keep my decisions only when there is no cotroversy.
Bacause of votes to remove it, we have to decide as a community.

PPC offers

Real DEV that knows thier stuff
Longterm
INNOVATION
Unique
Stable
ITS A MAJOUR

don't let CNC/FTC absent DEV coins sway you XORXOR

kokojie

legendary

Activity: 1806

Merit: 1003

Quote from: VinceSamios on May 07, 2013, 10:51:00 AM

1. Largest trading volume ever in one day, was 7.5BTC - this is laughable

Not sure where you getting your info from, but this is completely false. Average trading volume is 1000+ BTC per day combined at btc-e, vircurex, not to mention private trades.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

PPC is definitely the biggest loser of recent hyper altcoin production. Though it went kinda silent in last 2-3 weeks anyway.

As for the answer, I don't know really, it's a bit innovative one but for me Bitcoin and Litecoin are two major ones.

VinceSamios

sr. member

Activity: 448

Merit: 250

Quote from: ?? on ??

Quote from: VinceSamios on May 07, 2013, 10:51:00 AM

My suspicion is that OP of the Alt-Coins list is using the list to ramp his own holdings.

You should have left that opinion out. You have no proof to make that statement. Considering that he is making a poll to determine if it's major or not... I would say he's trying to be democratic about it.

While I agree with you generally - it's the only reason I can possibly come up with why he would have listed PPC as a major alt coin.

sangaman

sr. member

Activity: 342

Merit: 250

Quote from: VinceSamios on May 07, 2013, 10:51:00 AM

For the following reasons PPC is NOT a major crypto-currency

1. Largest trading volume ever in one day, was 7.5BTC - this is laughable

Hi. The trading volume on btc-e alone in the last 24 hours is like 1000 btc. I have zero idea where you came up with 7.5.

master-P

hero member

Activity: 868

Merit: 1001

https://keybase.io/masterp FREE Escrow Service

Your largest trading volume ever in a day is way off mate. Vircurex had 77BTC volume yesterday.

Quote from: VinceSamios on May 07, 2013, 10:51:00 AM

For the following reasons PPC is NOT a major crypto-currency

1. Largest trading volume ever in one day, was 7.5BTC - this is laughable

jrlepage

member

Activity: 66

Merit: 10

I think it's interesting in terms of the proof of stake concept. However, the amount you earn from that (1% per year) is laughable unless you already have a crapton.

That being said, it is trading on btc-e,...

I just wish I could see into the future and knew which of these alt coins was worth mining long-term. Like all the other alt coin miners, I want to be "in on the ground floor" with a valuable crypto, but I'll probably just end up with a handful each of a half dozen worthless alt coins.

If I wasn't willing to take that risk though, I'd just be mining BTC and LTC....

jdebunt

legendary

Activity: 1596

Merit: 1010

well it depends on how you look at it :

- it's a Bitcoin fork, so it's Mhash, not Khash, so that's a major coin in that regard
- it's not as popular as BTC, nothing great is happening with it (as far as i know, correct me if i'm wrong) and it's value is...well...on par with most minor coins, so that's a NO in that regard.

I voted no because it's not getting the same traction as some of the coins do in the past 6 months, which doesn't mean it CAN not be a major coin.

VinceSamios

sr. member

Activity: 448

Merit: 250

For the following reasons PPC is NOT a major crypto-currency

1. Largest trading volume ever in one day, was 7.5BTC - this is laughable edit: (apparently it's nearer 1000btc/day now)
2. PPC has very little if any news coverage as opposed to more than 65,000 articles for bitcoin
3. While the technology is innovative, it is fundamentally flawed in that 51% attacks can be performed by anyone with a decent volume of coins, and nobody can predict who/when they will occur.
4. The biggest exchanges aren't even thinking about using PPC (unlike LTC for example)
5. Nobody is really accepting either sales or donations in PPC (again unlike LTC)

The market cap figures of "$4mil" is completely ludicrous considering the highest volume in a single days trade was equivalent of $750

Don't get me wrong, I hate LTC because its a refuge for miners, however it is a major cryptocurrency. PPC isn't.

My suspicion is that OP of the Alt-Coins list is using the list to ramp his own holdings.

RetardedMonkey

newbie

Activity: 42

Merit: 0

Unfortunately, you're going to get all the Feathercoin dumbasses in here telling you how PPC isn't a Major coin and FTC is. Not to mention the voting will be skewed that way.

xorxor

sr. member

Activity: 476

Merit: 253

self moderated, I dont want it to go off-topic.
please stay on PPC

I dont want to make some artificial line, there is to many factors.
I tried to decide myself - but I keep my decisions only when there is no cotroversy.
Bacause of votes to remove it, we have to decide as a community.

Topic: [poll] PPC as a major cryptocoin - page 2. (Read 3373 times)