Topic: PPC is a good buy. - page 2. (Read 1811 times)
Something worth nothing cannot be a good buy, can it?
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Not quite. PPC is deflationary because although there is no cap on the supply, the supply is controlled by Moore's law which basically caps the supply by lowing the inflation rate so low that it's even lower than Litecoin. Essentially the inflation rate determines scarcity not just the total supply. The total supply is at 19 million which is equal to Litecoin but the price isn't equal to Litecoin yet. That means there is a lot of room for profit if you buy at these prices and it reaches $3.
Because PPC will be mined with ASICs, GPU miners will have to switch to Litecoin. Basically PPC's market cap and difficulty determine the price. Difficulty determines the scarcity while the market cap shows the demand. If it's scarce and in high demand the price rises.
It's in higher demand because Bitcoin prices fall and people use PPC as a store of value because it's better at that than Bitcoin or Litecoin.
Not quite sure on the truth of that bolded statement; i thought LTC was something like 80 M total supply?
The supply right now for both coins is 19 million. The total cap for LTC is 80 million and there is no cap on PPC because difficulty will rise so high that the inflation rate will slow it so it may not ever get over 100 million.
It hasn't stood out by itself like what LTC did in the past. The recent rise is because btc price drops. Other useless coins like TRC, FC are rising along with PPC too, looks more like typical btc-e pump-dump scheme.
The difference is PPC stays up while those other coins swing back and forth within the same day. PPC price is very stable over a period of weeks. The only thing to worry about with PPC is creating more ways to invest it and more reasons to buy it so demand stays high without having it be based on Bitcoin prices dropping.
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Not quite. PPC is deflationary because although there is no cap on the supply, the supply is controlled by Moore's law which basically caps the supply by lowing the inflation rate so low that it's even lower than Litecoin. Essentially the inflation rate determines scarcity not just the total supply. The total supply is at 19 million which is equal to Litecoin but the price isn't equal to Litecoin yet. That means there is a lot of room for profit if you buy at these prices and it reaches $3.
Because PPC will be mined with ASICs, GPU miners will have to switch to Litecoin. Basically PPC's market cap and difficulty determine the price. Difficulty determines the scarcity while the market cap shows the demand. If it's scarce and in high demand the price rises.
It's in higher demand because Bitcoin prices fall and people use PPC as a store of value because it's better at that than Bitcoin or Litecoin.
Not quite sure on the truth of that bolded statement; i thought LTC was something like 80 M total supply?
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Not quite. PPC is deflationary because although there is no cap on the supply, the supply is controlled by Moore's law which basically caps the supply by lowing the inflation rate so low that it's even lower than Litecoin. Essentially the inflation rate determines scarcity not just the total supply. The total supply is at 19 million which is equal to Litecoin but the price isn't equal to Litecoin yet. That means there is a lot of room for profit if you buy at these prices and it reaches $3.
Because PPC will be mined with ASICs, GPU miners will have to switch to Litecoin. Basically PPC's market cap and difficulty determine the price. Difficulty determines the scarcity while the market cap shows the demand. If it's scarce and in high demand the price rises.
It's in higher demand because Bitcoin prices fall and people use PPC as a store of value because it's better at that than Bitcoin or Litecoin.
I might actually mine some PPC / NVC when my BFL units finally arrive 
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
It's also an implementation of the Proof-of-stake system as an alternative method to decide who signs transactions.
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
This is it in a nutshell. Fairly spot-on.
...
PPC: "Look, I'm in a nutshell!"
...
a heh.
Freicoin is a fork of PPC, IIRC (and I probably don't)
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
This is it in a nutshell. Fairly spot-on.
...
PPC: "Look, I'm in a nutshell!"
...
a heh.
It hasn't stood out by itself like what LTC did in the past. The recent rise is because btc price drops. Other useless coins like TRC, FC are rising along with PPC too, looks more like typical btc-e pump-dump scheme.
What exactly is ppc coin?
Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
ok... ppc did just break out. so this is something certainly to watch.
http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=ppc-btc&market=btc-e
i wish i could use btce from within ripple as it makes things easier. just add btce as issuer and i'm good to go.
too bad btce doesn't support ripple as of yet.
http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=ppc-btc&market=btc-e
i wish i could use btce from within ripple as it makes things easier. just add btce as issuer and i'm good to go.
too bad btce doesn't support ripple as of yet.
edit: what exchange is good to buy ppc?
It's going to rise for sure with the rise in difficulty. It's going to have it's difficulty rise because of ASICs and because it's more profitable to mine than Bitcoin. It's supply is controlled by its difficulty. It's price is determined by supply and demand.
Demand is going to rise because PPC is more stable than Bitcoin and while Bitcoin is crashing down, people will put their Bitcoin into PPC. On top of that, when you find out your ASICs are now obsolete for Bitcoin that only leaves PPC to mine.
PPC is going to become incredibly scarce incredibly fast this summer. If demand stays the same the price will double. If demand increases it could get over $1 or even up to $3. It has 19 million coins like Litecoin but with a lower rate of inflation than Litecoin. It's not vulnerable to 51% attacks and it's very stable in it's price without much volaility.
My original prediction (check the date and look at the charts to confirm I know what I'm talking about):
The difficulty is going up sharply. The marketcap will lag behind but when it goes up as well the price will shoot up to $1 or more. I made the post to buy PPC because I believe Sunny King has been proven correct with his difficulty formula. He knew ASICs were on the way when he designed PPC and designed PPC to take advantage of this fact within the PPC algorithm itself which is adjusted according to Moore's law and not some arbitrary way. No one listened to me when I said PPC would go down into the single digits and no one listened to me when I said it would rise, now I'm saying it will go to $1 and buy.
I don't know how long this will take and anything could happen, so don't buy more than you can afford to lose. But I've bought in.
Demand is going to rise because PPC is more stable than Bitcoin and while Bitcoin is crashing down, people will put their Bitcoin into PPC. On top of that, when you find out your ASICs are now obsolete for Bitcoin that only leaves PPC to mine.
PPC is going to become incredibly scarce incredibly fast this summer. If demand stays the same the price will double. If demand increases it could get over $1 or even up to $3. It has 19 million coins like Litecoin but with a lower rate of inflation than Litecoin. It's not vulnerable to 51% attacks and it's very stable in it's price without much volaility.
My original prediction (check the date and look at the charts to confirm I know what I'm talking about):
Just watch, in the next week the price is going to go down even more and it's all because the inflation rate increases while the market cap is shrinking that you have the signal that this about to happen. The supply is going to increase while the demand will decrease which lowers the price. This will continue to happen until the difficulty rises in such a way that the supply doesn't increase faster than demand.
https://bitcointalksearch.org/topic/m.2323216
https://bitcointalksearch.org/topic/m.2323216
The difficulty is going up sharply. The marketcap will lag behind but when it goes up as well the price will shoot up to $1 or more. I made the post to buy PPC because I believe Sunny King has been proven correct with his difficulty formula. He knew ASICs were on the way when he designed PPC and designed PPC to take advantage of this fact within the PPC algorithm itself which is adjusted according to Moore's law and not some arbitrary way. No one listened to me when I said PPC would go down into the single digits and no one listened to me when I said it would rise, now I'm saying it will go to $1 and buy.
I don't know how long this will take and anything could happen, so don't buy more than you can afford to lose. But I've bought in.
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