Bitcoin Forum

Peercoin is getting some traffic, Blackcoin, and Dogecoin have been highlights when it comes to volume and price recently. I know Dogecoin has something to do with release of auxpow, and Blackcoin has somethingto do with the conferences going on in CHina right now, but Peercoin? wat's going on with Peercoin? Anyone got some insight?

A) Coming of NuBits
B) Coming of v0.5
C) Overheating of SHA-256 mining.

It's a well established PoW/PoS hybrid. In the future, the market will start to move more to PoS. I've predicted that PPC will experience a similar bullrun in 2014, as LTC experienced in 2013.

PPC's block chain size is 400 MB...  Constant inflation to keep miners around for ever.

Dogecoin is cool and well being able to send money for 1 doge is rather amazing.

Can you go into more indepth about these three reasons you made? I understand the third one a bit, but explain the first two if you will. Thanks!

Check out peercointalk.org, all the information about 0.5 and nubits is right there. Although nubits is still a bit of a mistery, the programming team working on it is excellent, so the expectations are pretty high.

I know they are paying top wages for engineers...
But, seriously, PPC has completely fallen into the abyss.

Last I heard Jordan Lee was giving away equity to his buddies.

NXT has 250 assets and is adding 2 assets/day = it's going exponential...
If the PPC team doesn't match NXT functionality head-to-head they are wasting their time...
Some half-baked protocol like XCP or ClearingHouse or MasterWhatever is pointless and doomed.

Any discussion of Crypto Assets without a direct comparison to NXT is meaningless.

qrk?

Almost all of these older coins are $hitcoins, some of them more $hit than others and some have more functionality but it doesn't detract from the fact that they're forks of Bitcoin with superficial cosmetic or mechanical changes.

You haven't seen Dogeparty adding assets, now THAT IS exponential! :D They added a few thousands assets in two weeks, because it only costs a few cents to issue an asset. It costs ~$30 to issue an asset on NXT at current exchange rate, so 2 assets/day is not that much and not exponential at all.

Is it correct in assuming if you own nxt or dogeparty you also have a part of any asset issued through the respective protocols?

For NXT: nope, not even slightly. The assets are the property of the issuer and the buyers/investors, you can buy an asset with NXT, but simply holding NXT does not give you a share in any NXT assets that you do not directly own.

For DogeParty: no real idea, but I think that its the same.

BUt the value of NXT/Dogeparty should/would increase if said XXX asset increased in value?

people are moving on, and maybe looking for something that could have value. A lot of the older ones were vanity coins.

I got a tip about a couple of coins about to come out. If they appear, I think we might have another reason not to buy Doge or Digital Coin.

How about the oldest alt coin--LTC? still at the low  :( :(

no.  you have to buy them with nxt or xdp.

The oldest altcoin is Namecoin.

Huh. I thought it was LTC lol. Think current statement is first coin using a different algorithm?

Here is an early reference to Namecoin's precursor BitDNS from 2010. https://bitcointalk.org/index.php?topic=1790.msg28696#msg28696 (https://bitcointalk.org/index.php?topic=1790.msg28696#msg28696)

uno going too.

We had enough of one-week-coins that die within the month of release and have no community. By now even the slowest thinkers realize most of the innovation isn't real and they are fooled and abused for betatesting.
So the logical consequnece is to come back to the old, solid, established coins.

When it comes to ppc: pure POS isn't ready yet. Too many issues. More testing and coding needed. Can take more years until it is reliable. So ppc has been there all the time and is actually more reliable than most shit that came later. So why spoil it? The coin is good and so are all the other old coins that came without a premine. The mindset of 2013 was more valid than the insanity and shitcoin-flood of 2014.

What you fastfood-people don't get is this:

"Perfection is Achieved Not When There Is Nothing More to Add, But When There Is Nothing Left to Take Away"

big innovations don't happen on a daily basis.

Is the chain size of 400 MB a good thing or bad? It has been around for over a year.

faircoin have new devs and community and it's going to rise again!

A lot of the guys who released coins at least a year ago or more have abandoned them , there is an effort however already being undertaken to consolidate them

How is avodiing the problem of the blockchain being 100TB in 10 years a bad thing...

Does 400MB for over a year indicate PPC has not been widely used?

No it indicates that there are no dust transactions, because of the 0.01 transaction fee :)

What about primecoin guys? Peercoin is insane right now too....

Have also a look at Mastercoin, Namecoin, Feathercoin and Quark...

Not really, since PoS minting can generate a lot of transactions without fees. PPC actually uses a different algorithm for storing the blockchain. I don't know about the technical details, but Sunny King worked some magic into it.

The PPC wallet also has some magical compression, I have several thousand transactions in my PPC wallet (mostly from PoS minting), and it's 302KB.

I have 500 transactions in my Bitcoin wallet, and it became huge, over 10 megabytes, and takes a while to load.

XMR wallet is even worse. It is just 2 months old, it is over 20MB now.

I have some faircoins and appreciate the work the new devs and community have put into it. It's breathed new life into an old coin.

No one knows anything about PrimeCoin? I know Darkcoin is releasing rc5 soon, but im on the fence about getting a position into Darkcoin. What do you guys think?

Sweet! This combined with the low inflation rate definitely makes it THE long term investment coin :]