Topic: PPC is how you do PoS fairly, Sunny King should be applauded, NXT is a scam copy (Read 2695 times)

Released this morning: the first Peershares client!
https://bitcointalksearch.org/topic/peershares-template-demonstration-network-v010-released-windowslinuxos-x-656413

Good proof that this is not vaporware

Haha, indeed!

And Sunny King just posted that, which shows he's not the only one working on Peercoin:

" - Based on the consensus of project leaders of the community, I am happy to announce that sigmike is now sharing responsibility with me in the Peercoin core-dev team. Responsibility of core-dev team is maintenance and development of peercoin protocol and reference client implementation. sigmike has been a key member of the peershare project and peerunity project, who has also demonstrated exceptional knowledge of peercoin protocol and security.
- There are many more talented developers/contributors in the community project teams, so we are continuing to evaluate and seek recommendations. Some of the key members are focusing on the respective project currently but could be joining the core-dev team at a later date. It's very nice to see the growth of peercoin dev community and the quality work being produced."

On the Peercoin weekly updates thread: https://bitcointalk.org/index.php?topic=114994.80

The same thing that happens if the entire Bitcoin core team is incinerated by a comet... Someone else with the talent and skill forks the OPEN SOURCE code and continues the project.

Also, not sure if trolling, so good job

nxt is not a scam run bt crooks.
nxt is not a pump n dump coin
nxt has best devs in da world all rest are a bit shit
nxt is the best coin ever

Any developper would have took that job, except those of Litecoin who apparently were angry that another coin was based on their open-source code. I see nothing wrong in that, considering Feathercoin is not a scam-coin (no premine, fair launch, had a legit community)

The story is buststar ( the guy who cloned litecoin added nothing new except more coins) did a horrible job copy & pasting and the feathercoin network was dying , so bushstar tried to bribe the Litecoin dev team and they refused. So he asked sunny king who took the money and fixed feathercoin instead of letting it die. This goes to show what kind of person sunny king is.

Very admirable indeed. The community can only grow with help from each other.

https://github.com/Peershares/Peershares/releases

The Peershares template has already been released, so there's nothing "vaporware" about it. I know of a couple of implementations that are running, but none that are publicly available on an exchange at this point.

Coincidentally, it was announced on the same day that NXT was announced, and you'd be hard pressed to really consider them competitors at this point, because they are intended to address different use cases.

How is the fact that he contributed to feathercoin a problem? He's an independant developper not contractually tied to Peercoin, and I think it's quite honourable that he contributed to another crypto and didn't partake in the petty wars between coins.

What happens to peercoin if sunny king gets hit by a bus? The btc and ltc devs have more then a 1 man team, I also don't trust that slimeball since he took the bribe from bushstar and fixed feathercoin.I rather buy dogecoin then ppc.

You and the 3 other people on /r/peercoin are laughing at me WOW like I care.

Sunny King is one smart man - PPC first prrof of stake.  Primecoin - first science coin.

He is like Satoshi.

NXT is more like the mafias.  Fraud and shakedown.  No innovation, just copying Sunny King.

I am interested to hear what you think happened back then to make you say this.

Well you have your point but I see jealousy as a legitimate human emotion which was evolved for a reason:-)  Why do you think people here generally do not approve any coin with some percentage of premine.  Plus I do think the initial IPO period was not transparent enough.  You will never be sure what was really happening back then.  It was a centralized behavior which was against the philosophy of cryptocurrency.

And how can you be so sure the bag holders will not cash their coins?  Ripple existed for a long time and just recently one guy dumping caused a major devaluation.  Nxt is very young.  It is just too soon to assume nothing similar will happen.  And you probably will never be sure.

sunny king the name is the only thing that attracted me to peercoin before i realised its a sunken ship

Thanks. I needed that laugh. "Nobody is going to invest in a guy called sunny king."  So off base. Would it be better if his name was Brock Landers or Chest Rockwell?

Yeah, to have made two vastly different and innovative coins like Peercoin and Primecoin, while there were basically no other alts. And to continue actively developping them even today.

That's quite awesome.

I was going to reply to El Dude with something much less diplomatic.... but yes ^^^ this instead. I have no opinion on NXT, and am instead here
just to agree in applauding Sunny King who is as skilled as ANY of the BTC core devs. I'm sure they would agree.

Yeah just like the anonymous founder of Bitcoin prevented Bitcoin from succeeding. 

I believed in PPC for ages. I agree with you - it's a top coin by a top designer and I thought it had a good chance of overtaking Bitcoin at one point. But the design behind it is all to do with financial system infrastructures. It has a transaction fee and algo which lend itself to very large transactions and so was never designed to support retail level or commercial sector trading. It is basically the "bank transfers" backbone of crypto.

NxT on the other hand is a completely different animal. NXT has succeeded where PPC failed in the sense that it has captured its target market where PPC didn't (it may still do in the future though once crypto gets more established).

NXT has done exactly what it's designer set out to achieve - engender an organic, diverse and highly active commercial sector which has attracted 3rd party vendors not directly associated with the currency. It's not going "back in the bag" now either because it's survived the most intense period of mud being thrown at it and most of the mud throwers are now actually invested.

Although many still criticise it with 'instamine scam' labels, that is actually just a load of b.s. Even the distribution issue is now getting sorted out because the recent process have attracted high volume off-exchange buyers which have split the original holdings many times and these are finding their way into the lower tiers.

One argument that is constantly brought up is that the original holders made "too much money". I'd like to know what "too much" actually means other than as an expression of jealousy. It's noticaeable that such critics never have the balls to come out and state categorically that it's unethical and why it's unethical.

I can tell you why that is - because an "unethical" distribution would amount to taking money for something which has no market value, or who's market value is about to disappear and that isn't what's happened here. In fact the opposite is the case. No investor since it's launch is down on their investment unless you bought within a tiny timeframe during the last few days when the price peaked - and even then you'd only be down about 10%. Critics keep saying that the original holders are going to "crash the market" and leave everyone penniless and it keeps not happening and has less chance of happening with each month that the currency gets traded.

So all this 'scam' stuff is just empty garbage trotted out by the world-improver mining community thinking they're on some kind of ethical crusade but who are in fact clueless about how markets really work. Thankfully, there's only the odd one left now because the rest are all invested  

I want that, too.