Topic: PPCoin is the only ALTcoin (Read 15073 times)

I'm going to jump into this old thread and see if anybody cares about what I have to say.

I think y'all are right about how important POS is to the future of cryptocurrency. I do not touch POW coins anymore.

I wanted to help tip everyone off about YACoin (Yet Another Coin). Maybe most of you already know about it, but it seems to me like it is the best cryptocurrency invented so far. Not only does it include the advancements made by Balthazar on NVC; it also includes a new hashing algorithm (called scrypt-jane) that changes its memory requirements over time, which ensures that only CPU's will really be able to mine it. As a result, it is distributed very well.

Unfortunately, it looks like interest in YAC dwindled once its first bubble popped. However, I think it has fantastic long-term potential until something better comes along.

Anyway, just thought I'd throw in my 2 bitcents.

Agreed that PPCoin does not have a nice name. But at least it is really an altcoin because of new values it brings up.

I read in another thread sunny has no interest in changing name
also would cause problems with the 'stock tickers' on sites and in past articles and threads

tbh 'pp' logo has done no harm to paypal!
it's short and easy to remember

having said all that, peercoin is a great name
but ideally if name was changed how about peoplecoin?
2 p's in that!
could be the coin of the people
more coins, cheaper, low energy

I also think, which may be contrary to what many here think, that psychologically
bitcoin wont go to the moon in price becuase it has to win over the public at large, and paying say $500 for a coin
is too much of a mindf*ck
also if you're buying a tshirt or whatever off someone online and costs $3 you can easily send 0.00001 say and miss a nought and pay 10 times too much!

too few coins was one of the big 'mistakes' in the grand design of bitcoin, but of course i guess they never dreamed would get even this far

i really like ppcoin though

btc,ltc,ppc only 3 worth considering just in my limited experience and reading

Yes Tom has emailed me a short interview last week. Didn't expect it come out this fast. Yay!

PPCoin getting some coverage (along with Litecoin & Bitcoin) in a recent article in the MIT Technology Review:

http://www.technologyreview.com/news/513661/bitcoin-isnt-the-only-cryptocurrency-in-town/

Peercoin is a solid name and doesn't stray much from PPcoin. PRC because it has 3 letters, same convention as other coins (bitcoin isn't BC after all).

Speaking for myself, I'd buy more coins if they were called peercoins.

I had the same idea. But why "PRC" instead of "PC"?

Pretty damn good. I own P2PCoin.org if anyone wants to put it to good use.

What about Peercoin (PRC)?

You're right, but we can still call it whatever we want.  Maybe enough of us might convince him to change it, if we even want him to.  I'm just sharing my thoughts on it. ;p

I don't think that this is a question of we or us. Sunny King is the one in charge.

I honestly never thought "pee pee" when looking at PPCoin til now.  Thanks guys!  Since PPC addresses start with P, I agree we should keep the P.  I also like P2Coin (and dCoin but not with what I just said; a new cryptocurrency could use that).  That might be easier for the general population to accept than PPCoin or P2PCoin and it has the "coolness" factor like W3 does.

What about ICUPCoin? 

The Nintendo Wii (pronounced wee, as in urine) has been a spectacular success selling 10's of millions of units despite it's name.

it's going to start with "P" coz the address starts with P

I would not invest in a stock notated in bitcoin, that operates in the real/non-cryptocurrency world. Because the expected growth of the buying value of bitcoin exceeds every realistic possible earning growth of any imaginable real world business including drug, weapon or sexslave trade.

Which means, that the a bitcoin notated stock will always lose value, calculated in bitcoin. Which gives not to invest the higher EV. You can watch this on bctc.co. Maybe stocks operating only in the bitcoin economy like mining or crypto currency trading are an exception.

It had a reason, why the German Central Bank (Deutsche Bundesbank) in former decades, when they were much more indepedent from politics and really concerned about german economy (like a doctor acting in the sense of Hippocrates), came to the conclusion, that a currency with a slight inflation is the best for economic growth and strength. Maybe there are even better concepts about this (deflation, american economy in the late 19th centrury), but the success of german economy in former decades prove them more or less right.

And again, I strongly vote for a name change to dCoin. Or something without "coin", that sounds like strategic metall, similar to "Tantalum", "Tungsten" or "Aurum". No idea n this direction, yet. The name Peer-To-Peer-Coin comes from a technical angle, which is -  as Sunny King is an excellent engineer - a totally natural choice. But most people do not think functional in logic terms. They think associative and emotional and will not accept this name, because they think of pee-pee.

I looked into the dictonary for "pee-pee". In the sense suggested there (dict.leo.org) even CockCoin would be better. Good to know the meaning of pee-pee, I associated it with the german word "pipi", which is the word children and childish people use for urine.

dame coin lost me money and its falling harder then a rock people are mining ppc and trc with asic and that is badddd

Naming a coin as simple and descriptive as that would actually probably be a big boon to its ability to catch on and perceived ubiquitousness.

Thanks for those links Impaler. I'll read them when I have a chance. I noted your reply in the other thread as well. I've been struggling with how to define demand for a currency myself since I posted in the other thread.

JB:  We had extensive discussions about adjustable monetary base in FRC durring the design phase.  As we knew we would have demurrage that would have been the money removal method, and by adjusting our 're-injection' percentage above or below 100% we would effectively grow or shrink supply.  So while the mechanics of doing it were simple the amount was not.

In this thread, Jt and Sepp discuss an adjustable base targets extensively and Jt in my opinion makes some excellent arguments for why the simple first-order statistics from the chain can't be relied on to correctly pick a target supply.
http://www.freicoin.org/adjustable-coin-base-t19-10.html

Also in this thread Jt and several folks discuss if adjustable supply is even necessary after the anticipated stabilizing effects of demurrage are taken into account.  Not everyone was convinced entirely (and Jt was by his own admission playing devils-advocate), it was generally concluded that we should see significant benefits from demurrage even under a static money supply.
http://www.freicoin.org/should-we-fear-deflation-when-there-s-demurrage-t7.html

In this final thread I present my thoughts on creating 'bonds' inside the block-chain and using them initially for the control of demurrage rates, but also money-supply which I conclude must be addressed together.
http://www.freicoin.org/decentralized-auto-adjusting-demurrage-t51.html

The Bitcoin money supply is finite, and will eventually cease its expansion. At this point, the amount of BTC will be static, unchanging.

This makes it neither inflationary nor deflationary (it's money supply does not increase or contract). However, there will inevitably be some loss of coins due to human error/carelessness. This means the currency will ultimately be slightly deflationary.

Assuming Bitcoin reaches its static point (~year 2140), there are few things that could happen.


It demand continues to increase, possibly because people prefer more exposure to BTC vs other assets, or that the number of users grows, and the BTC price will rise. Remember that for each purchase there is a sale. In the case of increasing demand, a holder of Bitcoin must be persuaded by a higher price to be parted with his BTC stock. Otherwise, he/she is happy with his current exposure to BTC (Maybe he is happy with 40% held in BTC currency).

Demand could also wane at some point. Basically the reverse of the above will lead to a depreciating BTC. For example, lower population, BTC competition, and a discovered vulnerability are all possible causes to a decrease in demand. Again, each seller has a buyer, so the price is determined by a preference for exposure to BTC vs other assets.

If Bitcoin is a great success, it will likely go through periods of both appreciation and depreciation. With this type of stability, the value of BTC would be most dependent on public sentiment. How its value is measured is another topic altogether. It may be that you are no longer trading dollars for BTC, but are instead reaching for a pocket full of yuan, Litecoin, or gold.