|
Title: Are XPM and PPC just coins for keynsians? Post by: Capitalism Prevails on September 04, 2013, 01:56:47 AM They have no coin cap limit!? What kind of backwards thinking is that?
Title: Re: Are XPM and PPC just coins for keynsians? Post by: SirMintALot on September 04, 2013, 05:15:27 PM They have no coin cap limit!? What kind of backwards thinking is that? Well, at least for a Proof Of Stake Coin like PPCoin it makes sense not to have a coin limit. Who would keep a stake to protect the network when you dont get a reward for it? Title: Re: Are XPM and PPC just coins for keynsians? Post by: marcovaldo on September 04, 2013, 05:54:52 PM They have no coin cap limit!? What kind of backwards thinking is that? Well, at least for a Proof Of Stake Coin like PPCoin it makes sense not to have a coin limit. Who would keep a stake to protect the network when you dont get a reward for it? You still have transaction fees. Title: Re: Are XPM and PPC just coins for keynsians? Post by: Balthazar on September 04, 2013, 07:12:05 PM https://bitcointalk.org/index.php?topic=241445.msg3059487#msg3059487
https://bitcointalk.org/index.php?topic=241445.msg3059846#msg3059846 Title: Re: Are XPM and PPC just coins for keynsians? Post by: Sunny King on September 04, 2013, 07:21:06 PM They have no coin cap limit!? What kind of backwards thinking is that? Unless you think gold is for keynsians too. Seriously it is designed this way for good reasons. Scarcity is enforced by Moore's Law. Check PPC's inflation rate, it is now much lower than LTC. In the first four years both PPC and XPM have stronger scarcity model than BTC. For the long term they still simulate gold better, without the uncertainties surrounding the long term security prospects of BTC's scarcity model. Title: Re: Are XPM and PPC just coins for keynsians? Post by: ronimacarroni on September 04, 2013, 07:47:10 PM Why is everyone so upset about not being able to mine bitcoins?
Scarcity is what gives bitcoins value. a non scarce currency will never be truly valueable. source: my 100 trillion zimbawean dollar bill ps: I'm not from zimbabwe btw... Title: Re: Are XPM and PPC just coins for keynsians? Post by: CoinBuzz on September 04, 2013, 08:52:24 PM Mark my words... the day large international investment firms take the time to thoroughly investigate which cryptos have the most promise will be the day you wish to God you had invested in PPC back when everyone was loving caps. Did u see Zeta-coin? It has a good inflationary system that is based on SHA-256 too. Maybe those big firms decide to use this coin. Title: Re: Are XPM and PPC just coins for keynsians? Post by: BitcoinForLiberty on September 05, 2013, 08:31:31 PM One important fact about the proof of stake inflation model that PPC employs is that it does not transfer wealth from holders of the currency to others who are creators of the currency like government money does. With PPC, you can only create the currency in proportion to how much you hold. It is best that the holders of the currency control the protocol and the chain, unlike proof of work coins where there can be a conflict of interest between miners and users. As the BTC block reward goes down, miners will want substantial transaction fees, but users will not want to pay it. The miners will decide what fees to charge, not the users. With PPC, miners do not receive transaction fees (they are destroyed, which is deflationary), so they will have no reason to try to extract larger fees from users. There is only incentive to make the transaction fee high enough to protect the network from spam, which is as it should be.
Finally, very soon PPC will have lower inflation than BTC as you can see here: https://bitcointalk.org/index.php?topic=288386.0 Currently PPC has 19.3% annual inflation compared to Bitcoin's 15.1% |