PPC Charts - page 2. | Bitcointalksearch.org

cabin

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Quote from: sangaman on December 15, 2012, 11:01:52 PM

Quote from: 420 on December 15, 2012, 02:34:57 PM

what's the purpose of having so many coins? you think ppc will be so succesful you don't want it to be worth 100 usd? you want around parity with dollar?

You should go check out how many devcoins there are.

To my understanding, there is no target for quantity of PPC unlike BTC. The number of PPC in existence is a factor of the hashing power for POW (more hashing power, fewer coins), the number of transactions that occur (each transaction permanently destroys coins), and time (quantity of PPC grows at a rate up to 1% per year).

It's all pretty arbitrary anyway. PPC is far away from having parity with the dollar.

One of the biggest (maybe THE biggest now?) factors affecting coin production seems to be the ratio of proof-of-stake blocks to proof-of-work. Lately proof-of-work has fallen to as low as 15 blocks per day and may fall further to the hard minimum of 12.

sangaman

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Quote from: Liquid on December 16, 2012, 06:03:06 AM

why isnt there a alt coin that is worth exactly $1 US dollar and not a cent less or more and can never go up or down in its value ??

You can only accomplish this by banning free exchanges and forcing people to trade at 1:1. Since cryptocurrencies aren't backed by governments that can pass and enforce laws, this can't happen. Even governments that peg their currency to the dollar have their currency trade at greatly different valuations on black markets.

The only way this would work is if the US govt started a cryptocurrency and declared each coin to be legal tender in the amount of $1, but if a cryptocurrency is backed by a government/central authority it doesn't really need to be a cryptocurrency which defeats the entire purpose.

Liquid

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Crypto Somnium

why isnt there a alt coin that is worth exactly $1 US dollar and not a cent less or more and can never go up or down in its value ??

sangaman

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Quote from: 420 on December 15, 2012, 02:34:57 PM

what's the purpose of having so many coins? you think ppc will be so succesful you don't want it to be worth 100 usd? you want around parity with dollar?

You should go check out how many devcoins there are.

To my understanding, there is no target for quantity of PPC unlike BTC. The number of PPC in existence is a factor of the hashing power for POW (more hashing power, fewer coins), the number of transactions that occur (each transaction permanently destroys coins), and time (quantity of PPC grows at a rate up to 1% per year).

It's all pretty arbitrary anyway. PPC is far away from having parity with the dollar.

420

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what's the purpose of having so many coins? you think ppc will be so succesful you don't want it to be worth 100 usd? you want around parity with dollar?

cabin

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Quote from: 420 on December 14, 2012, 05:29:39 PM

am i correct that there's already 14 MILLION PPCOINS?

That's about right. The chart at the bottom here shows how much was minted on each day:

http://proofofstake.com/

(but ya..charts appear to be stuck as of the 8th)

420

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am i correct that there's already 14 MILLION PPCOINS?

Sunny King

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The market cap, difficulty and minted daily charts have gotten stuck since Dec 8th.

xchrix

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i lik your charts because they show a lot of data for some historic time back!
please check my site too: www.cryptocoincharts.info also with some PPC charts but not with that much data...

FuzzyBear

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Quote from: Sunny King on November 18, 2012, 10:18:25 PM

Haven't heard from Andy but the charts are back in business

Nice to see the charts are back up

will update the list of sites for PPC

EskimoBob

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Quality Printing Services by Federal Reserve Bank

Quote from: Sunny King on November 18, 2012, 10:18:25 PM

Haven't heard from Andy but the charts are back in business

Here is an idea for you Sunny, why not integrate a small chart application to to PPC client.
Adding a JSON feed parser and dragging around data files is not a limiting factor - look at the BTC dat files

brr...
There is a good protocol for chart data file distribution and keeping it up to date - bittorrent for static files and something like rsync for stuff that get updated constantly (every 15 min?).
Split the price data to separate files.
Something like this:
* first file(s) downloaded are the ones with 7 day data
* second file downloaded is daily closing (UTC 00:00) history from the earliest date up to previous month closing. Current month can be combined from 7 day data files.
So we probably end up with 5+1 files.

Now, the interesting part:
I am sure that exchanges to not want to be hammered by thousands

of PPC clients data request. This has to be resolved and some type of central rsync "server(s)" can take care of this.

Code:

clients
/
- trade data collector - clients
/ \
exchange - - trade data collector clients
\
- trade data collector

There is probably no need to invent a wheel. We can probably use something like http://incubator.apache.org/kafka/ to distribute the data to the clients.

Code:

PPC clients
/
exchange(s) - kafka - PPC clients
\
PPC clients

Sunny King

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