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Title: Primecoin Price Post by: No_2 on November 18, 2013, 06:18:13 PM Anyone have any ideas why Primecoin's value has fallen recently whilst all other altcoins seem to be increasing in value against fiat along with the BTC rally?
Title: Re: Primecoin Price Post by: iampingu on November 18, 2013, 06:19:55 PM Anyone have any ideas why Primecoin's value has fallen recently whilst all other altcoins seem to be increasing in value against fiat along with the BTC rally? It was heavily inflated to begin with, plus the realisation of it's unlimited supply Title: Re: Primecoin Price Post by: No_2 on November 18, 2013, 10:39:30 PM Anyone else have any insights?
Title: Re: Primecoin Price Post by: Buratino on November 18, 2013, 10:46:16 PM Too many coins is generated in one day. Primecoin rate will rise in next year after rate BTC > 1000 USD and LTC > 10 USD.
Title: Re: Primecoin Price Post by: braytz on November 18, 2013, 11:29:24 PM because botnets can generate free xpm for evryone.
Title: Re: Primecoin Price Post by: hasle2 on November 18, 2013, 11:31:04 PM I can see the anti primecoin trolls are out.
As far as I can tell people are too busy with the bitcoin boom to think about alt coins right now. There have also been a couple recent releases of cpu coins that have gotten a lot of attention. Title: Re: Primecoin Price Post by: No_2 on November 18, 2013, 11:43:16 PM I can see the anti primecoin trolls are out. As far as I can tell people are too busy with the bitcoin boom to think about alt coins right now. There have also been a couple recent releases of cpu coins that have gotten a lot of attention. Thanks, very interesting, can you name some of the other CPU coins or point me at some info on this? Title: Re: Primecoin Price Post by: belltown on November 19, 2013, 12:51:48 AM Most people who were mining XPM now mine Protoshares
Title: Re: Primecoin Price Post by: No_2 on November 19, 2013, 01:53:01 AM Damn that was quick, the momentum based proof of work paper only just came out, I blinked and there is an implementation.
Having a trawl now; apart from ProtoShares are there any other momentum based PoW coins out there? What other CPU coins are there? Someone should create a taxonomy of these approaches at some point. (Way too busy at the moment or I would defiantly volunteer to do this otherwise). Title: Re: Primecoin Price Post by: Buratino on November 19, 2013, 04:08:05 AM Other CPU Coins are Yacoin, Quarkcoin, Securecoin. May be Gridcoin.
Title: Re: Primecoin Price Post by: tazman on November 19, 2013, 05:36:17 AM Primecoin only started in July. Most coins have a quick run up in price for the first few months because of low supply, then a sustained drop kicks in for 3-6 months until the price reaches a sustainable level. It's probably on its infancy down slide now, whereas most other alt-coins have already matured past that stage.
Title: Re: Primecoin Price Post by: Digicoiner on November 19, 2013, 06:15:10 AM I also noticed Primecoin went down today while all the other major alts increased with Bitcoin. I couldn't understand why. Peercoin also has unlimited supply but it went up. It's made a little come back though
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