Topic: PPCoin is now third only to Litecoin and Bitcoin for market cap! (Read 3524 times)

I would like some of these coins I am going to set up a miner tomorrow and hope to dedicate it to this coin. This was the same as the idea I had for a coin so I would like to support it. If any of you guys mine them and would  be willing to sell for PP I would be interested in buying.

After 90 days coin age doesn't matter for PoS shares.  So you don't get a better advantage for mining after 90 days.  But you do get higher PoS reward.  But first you have mine the PoS block.  I have 5.9 from 8/28/12.  But, I just launched my client again a few days ago.  Now difficulty is high and its only 90 days.  So itll take a long time for me to mine a stake block.

Even though I know this is not going to be true. I wish you all the ability to profit from your trading with PPC.

I will not touch it. Happy trading!

Dumping is the idiots way of selling

If Sunny can answer them well, I'll buy more PPC.

This forum is public material, and if Sunny answers these questions people will be able to google them later and find the answer.  I'm just trying to further my understanding of the coin, rather than placing my money in it before understanding it.  And of course, Sunny need not answer anything if he doesn't want to; someone else who has gone through the code is welcome to.

For instance, I can ask any number of technical questions in the bitcoin dev board and have them answered within a few hours because the number of persons understanding the protocol is vast and the number of people involved in development great.  However, the same can not be said for PPC as Sunny is largely the only dev.

If the problems above are real theoretical problems with the chain, however, they represent issues that the userbase should be aware of.

Bear in mind Sunny doesn't get paid money to develop PPCoin he does it all in his spare part time. Just saying this because you are asking Sunny a lot of technical questions all over the forum which I am sure is time consuming for him and he is probably too polite to say this (excuse me Sunny if I mis-speak here)

Still trying to wrap my head around this;

You have 10,000 people attempting to mine stake blocks.  A has 30,000 coin years, and B has 10,000 coin years, and the rest of the network have less than 10,000 coin years.

B mints a stake block and the rest of the network mints stake blocks on top of B.

Can A fork the chain by declaring a chain in which he mints a stake block in place of B's block?  I would guess you made that forbidden by timestamp, but if A decides he doesn't like a transaction in block B, what's to stop A from announcing a new block and in effect destroying that transaction before the next person adds a block?  Is there anything in place to stop malicious stake mining like that, or is that the "51%" stake attack?

51% stake attack doesn't seem to require 51% of the coins either, since 51% would be based upon the assumption that everyone in the network is holding coins to mine stake blocks.  However, if most coins are being used for actual transactions, the required amount of stake to fork the network is actually only a fraction of 51%.

A problem also may arise when you have 10,000 people all making hundreds of possibly valid chains at the same.  If all these 10,000 people are announcing valid stake blocks at the same time, how do you avoid network congestion because the users are all required to figure out what the most valid chain is (chain with the most coinstakeage)?  Won't you generate hundreds or thousands of orphan chains?

I assume you are referring to
?

So, after a certain point, only people with older coins or with vast quantities of coins (producing greater coin age more quickly) will be able to mint stake blocks?

It's described in design paper.
http://ppcoin.org/

I have a minute amount of PPCoins (16), but just looked at vircurex, price just dropped down a lot.

Okay, so stake blocks should be generated every 10 minutes across the entire network.  So, given a hypothetical userbase of 10k users all with mature coins, all competing for stake blocks, how is it decided who is allowed to mint a stake block in each 10 minute window?

10 minute target for proof-of-stake blocks.

It was a misunderstanding, like the difficulty retarget.

Well, I'm learning new things about it every day apparently.  I still think 0.8% per annum is too small an incentive for stake miners, but yes, I bought some because I predicted this meteoric rise in value would follow LTC when it started going up because it was an interesting different approach to cryptocurrency.

Sunny King, while you're here, please explain to me the rate of stake block generation and what the target is (what the target rate of number of stake blocks is per day).  I'm having trouble finding it in your PDF.

So you barge in on the thread first reply running down PPCoin when in fact there is not a problem?  

Tacotime should I start using and promoting PPcoin? Is it a good coin?

It's in the coinstake transaction, output value > input value, but the reward does not have its own output so there is no dust involved.

Ah, I see.  This was one of my problems with the chain.  So you just modify the amount at the corresponding address to add the new value in?  It was confusing because the wallet reports "+0.00002382012" and I assumed that it was an actual transaction.

If you generate stake coins from a sum of multiple input addresses, are the stake coins generated added amongst all of them?

This is a misunderstanding. The stake reward does not have its separate output. It's added to the original amount.

So, if your amount of stake coins is too small, you get dust?  What amount is too small? Incorrect.