Topic: THE LTC effect ON BTC (Read 1996 times)
you're forgeting abou the al-mighty-BBQ, which will shake the worldwide economy!
Sunny, can you please confirm if PPC will inflate around 1% for all eternity, due to POS? Some users think this is the case, and others believe that PPC minting will stop completely like Bitcoin.
Maybe, but 1% is only an upper bound for proof-of-stake inflation. Remember transaction fees are destroyed as well, so it's hard to predict the future.
People get too hang up on inflation I think. It doesn't really matter that inflation is at 0% or 1%, are you really planning to hoard bitcoin for 100 years? I designed ppcoin's inflation model to resemble gold. I believe gold's scarcity property is good enough, no need to go to extreme like bitcoin's hard cap, not to mention it could potentially cause stress on bitcoin's transaction fee model in the long term.
see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.
take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march
take a look
http://www.proofofstake.com/
(takes a while to load)
Andy's site probably stopped reading data (maybe he didn't upgrade to v0.3, haven't seen him for a long time).
Inflation in ppcoin hasn't stopped, although it's approaching lower inflation faster than litecoin does at the moment (litecoin ~60%, ppcoin ~ 50% at the moment).
Sunny, can you please confirm if PPC will inflate around 1% for all eternity, due to POS? Some users think this is the case, and others believe that PPC minting will stop completely like Bitcoin.
see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.
take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march
take a look
http://www.proofofstake.com/
(takes a while to load)
Andy's site probably stopped reading data (maybe he didn't upgrade to v0.3, haven't seen him for a long time).
Inflation in ppcoin hasn't stopped, although it's approaching lower inflation faster than litecoin does at the moment (litecoin ~60%, ppcoin ~ 50% at the moment).
Now if only ppc's dev would publish any documentation explaining his code instead of trolling on sockpuppets saying oh this is the best thing ever. Everyone look at my PP its beautiful touch it!
PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
yes but it appears there will be some 2 million less PPC all told...I may be wrong
2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.
*There is a 2 billion upper limit but its meant to be unlimited.
That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't
see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.
take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march
take a look
http://www.proofofstake.com/
(takes a while to load)
Now I am really confused, the POS is not meant to stop, Sunny intends POS to mint 1% inflation forever. If its stopped then something is wrong. Right?
nope.jpg
this is exactly why I think PPC has potential people skim the headlines but don't look at the detail....!
PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
yes but it appears there will be some 2 million less PPC all told...I may be wrong
2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.
*There is a 2 billion upper limit but its meant to be unlimited.
That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't
see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.
take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march
take a look
http://www.proofofstake.com/
(takes a while to load)
Now I am really confused, the POS is not meant to stop, Sunny intends POS to mint 1% inflation forever. If its stopped then something is wrong. Right?
(how come? does it first have to do some proof of work?
) PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
yes but it appears there will be some 2 million less PPC all told...I may be wrong
2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.
*There is a 2 billion upper limit but its meant to be unlimited.
That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't
see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.
take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march
take a look
http://www.proofofstake.com/
(takes a while to load)
Let the market decide, period.
PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
yes but it appears there will be some 2 million less PPC all told...I may be wrong
2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.
*There is a 2 billion upper limit but its meant to be unlimited.
That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't
With the ASICs coming we need a currency for new people to adjust to the idea of mining and understand that a central authority does not issue money in the future.
This lets new people better participate and accept what for many will be a major psychological change in their minds regarding "what is money?" and its decentralization.
Bitcoin needs Litecoin and other alts whether the elitists admit it or not. It is a useful exercise for new people to be able to participate in the generation of "money."
Well said! The democratization of crypto-currencies will be ensured with grass-roots involvement (mining) by its users.
PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
yes but it appears there will be some 2 million less PPC all told...I may be wrong
PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
I like the idea of PPC but there are still issues.
Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.
Yes and VHS got accepted because the porn industry chose VHS over Betamax.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
VHS only won because the the size of the it meant a bigger hole for kids to post their hot wheels cars into the VHS player
that has toi be the best reason i ever heard to why VHS beat Betamax 
also...
My view is that CC's as a concept have a total market penetration value. Thus LTC will suck out value from BTC to the level of LTC success v BTC success in that market penetration, and so on.
Further exchanges like BTC-e will be forced to list more coins as they lose market share to gox. same with Vircurex
so FC and BYTE will be listed.
Further exchanges like BTC-e will be forced to list more coins as they lose market share to gox. same with Vircurex
so FC and BYTE will be listed.
either we all sexually deprived, or that is all we have on our minds in this thread!!
I rather pay with coins and be more anonymous than using my CreditCard with full name. And its not refundable.. so its should be a good option for the porn industry in my eyes
Yes and VHS got accepted because the porn industry chose VHS over Betamax.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
This is a good point.....
Quote
PPC however I think will take the crown from BTC.
I am curious why you say that
I humbly suggest do a little reading on PPC digest it all...
It has some rather large advantages....the BTC may have to adopt...
Betamax had some rather large advantages over VHS.
hahaaa well played....
VHS/BETA = BTC/LTC
but CD/DVD then HD, and now SSD USB sticks sent them both to the grave
Yes and VHS got accepted because the porn industry chose VHS over Betamax.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
VHS only won because the the size of the it meant a bigger hole for kids to post their hot wheels cars into the VHS player
Yes and VHS got accepted because the porn industry chose VHS over Betamax.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
So all we need to do is get the porn industry to accept LTC. That'll skyrocket the price.
Jump to: