Bitcoin Forum

It's going to rise for sure with the rise in difficulty. It's going to have it's difficulty rise because of ASICs and because it's more profitable to mine than Bitcoin. It's supply is controlled by its difficulty. It's price is determined by supply and demand.

Demand is going to rise because PPC is more stable than Bitcoin and while Bitcoin is crashing down, people will put their Bitcoin into PPC. On top of that, when you find out your ASICs are now obsolete for Bitcoin that only leaves PPC to mine.

PPC is going to become incredibly scarce incredibly fast this summer. If demand stays the same the price will double. If demand increases it could get over $1 or even up to $3. It has 19 million coins like Litecoin but with a lower rate of inflation than Litecoin. It's not vulnerable to 51% attacks and it's very stable in it's price without much volaility.


My original prediction (check the date and look at the charts to confirm I know what I'm talking about):

https://bitcointalk.org/index.php?topic=101820.msg2320294#msg2320294

And then I wrote:


The difficulty is going up sharply. The marketcap will lag behind but when it goes up as well the price will shoot up to $1 or more. I made the post to buy PPC because I believe Sunny King has been proven correct with his difficulty formula. He knew ASICs were on the way when he designed PPC and designed PPC to take advantage of this fact within the PPC algorithm itself which is adjusted according to Moore's law and not some arbitrary way.  No one listened to me when I said PPC would go down into the single digits and no one listened to me when I said it would rise, now I'm saying it will go to $1 and buy.

I don't know how long this will take and anything could happen, so don't buy more than you can afford to lose. But I've bought in.

edit: what exchange is good to buy ppc?

BTC-E https://btc-e.com

ok...  ppc did just break out. so this is something certainly to watch.

http://www.cryptocoincharts.info/period-charts.php?period=6-months&resolution=day&pair=ppc-btc&market=btc-e

i wish i could use btce from within ripple as it makes things easier.  just add btce as issuer and i'm good to go.

too bad btce doesn't support ripple as of yet.

Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.

What exactly is ppc coin?

It hasn't stood out by itself like what LTC did in the past. The recent rise is because btc price drops. Other useless coins like TRC, FC are rising along with PPC too, looks more like typical btc-e pump-dump scheme.

This is it in a nutshell.  Fairly spot-on.

...

PPC:  "Look, I'm in a nutshell!"

...

a heh.

Freicoin is a fork of PPC, IIRC (and I probably don't)

It's also an implementation of the Proof-of-stake (http://en.wikipedia.org/wiki/Proof-of-stake) system as an alternative method to decide who signs transactions.

I might actually mine some PPC / NVC when my BFL units finally arrive  ;) :D

Not quite. PPC is deflationary because although there is no cap on the supply, the supply is controlled by Moore's law which basically caps the supply by lowing the inflation rate so low that it's even lower than Litecoin. Essentially the inflation rate determines scarcity not just the total supply. The total supply is at 19 million which is equal to Litecoin but the price isn't equal to Litecoin yet. That means there is a lot of room for profit if you buy at these prices and it reaches $3.

Because PPC will be mined with ASICs, GPU miners will have to switch to Litecoin. Basically PPC's market cap and difficulty determine the price. Difficulty determines the scarcity while the market cap shows the demand. If it's scarce and in high demand the price rises.

It's in higher demand because Bitcoin prices fall and people use PPC as a store of value because it's better at that than Bitcoin or Litecoin.

Not quite sure on the truth of that bolded statement; i thought LTC was something like 80 M total supply?

The difference is PPC stays up while those other coins swing back and forth within the same day. PPC price is very stable over a period of weeks. The only thing to worry about with PPC is creating more ways to invest it and more reasons to buy it so demand stays high without having it be based on Bitcoin prices dropping.

The supply right now for both coins is 19 million. The total cap for LTC is 80 million and there is no cap on PPC because difficulty will rise so high that the inflation rate will slow it so it may not ever get over 100 million.

Something worth nothing cannot be a good buy, can it?

Teehee

What happens when ASIC miners drive difficulty up so high and quit, making the next retarget never come? Remember Namecoin before it was merge mined?
Why would difficulty be any factor for price? Scarcity is apparently a non-issue currently so that is irrelevant.

Why would they quit?

They'll mine with Bitcoin and when Bitcoin isn't profitable anymore because of the vastly steep difficulty rise then they'll switch their ASICS to PPC and when PPC isn't profitable anymore they'll go to the next SHA256 coin. The point is they have no choice but to go from Bitcoin to PPC and all those USB BlockErupters have to mine something and it sure as hell won't be Bitcoin. What about the little singles coming out which will probably already be obsolete for Bitcoin by the time people receive them? More hash for PPC.

The ASICs from BFL will end up hashing PPC if people are smart. If people aren't so smart they'll mine BTC at a loss. I say buy PPC now and bet on them mining PPC. When there is a critical mass of miners behind PPC the market cap will go up just as it has with LTC because it seems mining is the key to developing an economy. Once stuff is mined then people start looking for places to spend their mined coins and then people realize their 1000 coins worth @$0.20 could be worth $3000 @$3 if they just built a few sites.

Nice find, but you're already a bit too late ...  we are 100% over recent low.
TRC got up too. Next turn FTC (despite i the fact consider it as an absolute scamcoin).
http://www.cryptocoincharts.info/period-charts.php?period=3-months&resolution=day&pair=ftc-btc&market=vircurex

i'm buying with both hands

nope.  no such thing as a scam if you can profit.  one can argue the stock market is a scam too... or a casino...  or whatever.

and yes, trc is breaking out too just like ppc.  and with a spike in volume i might add.  worth putting a hundred bucks worth just for action and see where it goes.

Be careful when catching falling knives.

Obviously BTC is not the first and the last successful CC we see. Therefore I frequently select a bunch of cool alt coins to invest in. I did this with LTC and it brought me 1200% ROI. I have also invested in PPC and NMC for their innovation.

However, seems that NVC is quite similar to PPC and therefore competing? Why would you prefer PPC over NVC?

lol.  ppc and trc are breaking out actually.

PPC broke out with a spike in volume.  NVC is up the past two days but no spike in volume.

I like the look of PPC's chart better too.

Anyway, who doesn't know yet, this site gives a quick overview of all the CCs: http://coinmarketcap.com/
I wish we could see a bit longer period of time and volume bars too, then it would rock.

Something like these?
http://www.cryptocoincharts.info/period-charts.php?period=1-year&resolution=day&pair=ppc-btc&market=btc-e

http://www.cryptocoincharts.info/orderbook.php?pair=ppc-btc&market=btc-e

http://www.gobitgo.com/charts/?chartID=1046

Not saying i won't profit on scamcoin, already have plenty of them.
Just that i'll profit as much as possible and sell them with no regret.

Seems like the most profitable scamcoin recently has been the USD.  :-\

It also has not proven that the exploit found in the PPC software by Jutarul in december 2012 was fixed.

No documentation proving this have I come across.

Sunny King refused to address my requests for public discussion on the matter. So I left it alone.

Is there an exploit in the PPC code? Last time it was addressed publicly there was one. Sunny then took 8 weeks to "fix" the PoS exploit, released the code, never offered to say how he fixed it nor wanted to discuss it.

This is not to instill FUD. The facts are there. Just look back to the December to February timeframe and see for yourself in the alt-chain section.

yup. dont get attatched to anything. even the beloved btc.

sadly the only thing worth attaching to is cash...  why?  cos once we have them in our pockets we can buy cool stuff with it anytime. even hookers.  you can't get hookers to suck you with btc.

PPC is SHA256 which means you can mine it with block erupters and get a ROI that you wont get from BTC.

Novacoin is SCRYPT. If you're gonna mine SCRYPT why not just mine Litecoin of Feathercoin?

Miners will prefer PPC over Novacoin.
Miners will prefer LTC and FTC over Novacoin.

Prediction? PPC will surpass Novacoin. As difficulty goes up and independent miners get pushed out of Bitcoin miner they can only choose between TRC and PPC. PPC will win because it's got a larger market cap and name recognition but also because it's got a difficulty algorithm perfectly designed for ASICs.

Go look at my posts in the PPcoin thread. Confirm that I predicted the fall of PPC and the current rise. If the trend we are seeing continues PPC is headed to $1 in weeks to months depending on how fast difficulty rises and depending on how many miners switch to PPC from BTC.

I made several thousands from Nano Money Corp. (If you don't know what that is, google it).

in PPC, I thought the difficulty will rise so fast when ppl mine the shit out of POW, where the POS comes in ?

By design, NVC is more inflationary than PPC because of the higher PoS interest rate since the last update.

See the altcoin inflation data: https://bitcointalk.org/index.php?topic=227395.0