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Topic: ppcoin market crash - page 3. (Read 3397 times)

donator
Activity: 994
Merit: 1000
January 15, 2013, 01:58:55 PM
#6
Possibly people are realizing that with no merchants accepting PPC there's little hope for the widespread adoption that would drive the price up.

The main purpose of PPC right now is to field test the proof of stake concept as a viable solution to establish network security. And that's what the analysis should focus on right now. As such it's a hedge against POW implemented in bitcoin. I don't expect merchants to adopt it anytime soon.
hero member
Activity: 561
Merit: 500
January 15, 2013, 01:51:52 PM
#5
Possibly people are realizing that with no merchants accepting PPC there's little hope for the widespread adoption that would drive the price up.
hero member
Activity: 617
Merit: 531
January 15, 2013, 12:02:19 PM
#4
Most of the PPCoin is being traded at the following site, 118k in the last 24 hours.

https://ppcexchange.bitparking.com/main

PPCoin has been largely unaffected by the rise in the cost of BTC until now. It seems that time is catching up with PPC and it is now finding its value in a $14BTC world.
hero member
Activity: 700
Merit: 500
January 15, 2013, 06:31:11 AM
#3
Yeah trades at exchange.zapto.org are extremely thin, only a couple buys/sells.

Vircurex only has five outstanding buys orders on its book. Maybe PP is doing better on an Open Transactions server somewhere, but it doesn't seem like anyone is buying it.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
January 15, 2013, 05:49:09 AM
#2
Yeah trades at exchange.zapto.org are extremely thin, only a couple buys/sells.
donator
Activity: 994
Merit: 1000
January 15, 2013, 04:19:24 AM
#1
It would probably help with the trust in the currency if the proposed changes in the code (https://bitcointalksearch.org/topic/m.1454860) are reviewable and discussed publicly, before they come online.

By keeping the development a secret you loose trust - short term and long term. The current drop in ppc price is likely not a risk mitigation by investors, but a dump. That also explains the wide gap between bids and asks.
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