Bitcoin Forum

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• What is Peercoin?
• The Problem With Proof-of-Work Based Digital currencies
• Why Proof of Stake Makes Peercoin a Superior Alternative
• Microtransactions & Off-Chain Networks
• Learn More
• Community
• Project Development
• Wallets & Exchanges
• Minting & Mining
• Resources

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Peercoin (PPC) is a peer-to-peer, decentralized, digital cryptocurrency (http://en.wikipedia.org/wiki/Cryptocurrency). It is a payment network without a single point of control or issuing authority (like the US Federal Reserve). Peercoin relies on cryptography and peer-to-peer networking to validate balances and transactions. It is also the first cryptocurrency to use proof-of-stake technology, an energy efficient solution to securing its network, which was invented by Peercoin's architect, Sunny King.

https://i.imgur.com/4AVXwaV.png

Bitcoin relies on Mining (Proof-of-Work) to secure its network and validate transactions. Users who mine are rewarded with Bitcoins, thus providing them with an incentive to secure the network. The inherent problem with proof-of-work mining is that it creates a "computational arms race" for more and more powerful hardware dedicated to mining to gain an advantage over others and increase the chances of receiving a reward.

As seen with Bitcoin, this competition shuts out most people from the mining process and pushes control of the network into the hands of those who can afford it. Thus, proof-of work mining has turned Bitcoin from a decentralized network where anyone can participate, into a network that has centralized control into the hands of the few. This is a long term problem for Bitcoin because it increases the risk of a person or entity gaining control of 51% of the mining power, allowing them to attack the network by reversing transactions, blocking confirmations, performing double spends and other attacks which could destroy confidence in Bitcoin. Centralized cryptocurrencies also make easier targets for governments to shut down.

https://i.imgur.com/VFI7zRd.png

Peercoin was designed by developer and architect Sunny King. Peercoin uses Proof-of-Work solely as a way to distribute coins more fairly, as opposed to an IPO (Initial Public Offering). To maintain the security of the network, Sunny King invented a new mechanism called Proof-of-Stake, which allows people to secure the network using the Peercoins they already hold. While not transacting with your Peercoins, you can hold them in your wallet and engage in a process called "minting," which secures the network and offers you a 1% annual reward. This encourages saving. Proof-of-stake minting is an energy efficient solution to securing the network, meaning that the entire network can be sustained on low-powered hardware, allowing even basic computers to participate. Equal participation is important because it allows Peercoin to remain as decentralized as possible.

The only way for a person or entity to attack the Peercoin network is for them to acquire 51% of the coins that are minting. In practice, attempting to purchase the amount of coins necessary to carry out an attack would drive the price up to astronomical levels, making it counter-productive for an attacker because they would be forced to put their entire investment at risk.

One other major benefit in a proof-of-stake system is that the owners of the network assets (peercoin holders) are also the ones who control the network, as opposed to Bitcoin where there is a disassociation between those who control the network (miners) and those who own its assets (bitcoin holders). In Peercoin these interests are aligned. Peercoin holders are the ones who control the network.

The main strengths of Peercoin are sustainability, increased security (particularly against the "51% attack"), and its economic properties, which allow it to function as a long-term store of value, or "backbone" currency. In technical terms, Peercoin can be expressed as:

• Proof-of-Stake, a sustainable coin generation model where a 1% annual reward is generated on coins held.
• Absence of hard limit on total coins in existence, modeling the supply of natural resources such as gold.
• Presence of 0.01 PPC/kb network transaction fee that is destroyed rather than paid to miners, in order to offset inflation caused by the minting of new coins.
• Transaction fee also limits casual, micro-sized transactions, making Peercoin's blockchain small and lean, even after almost three years.

https://i.imgur.com/tGvo65Y.png

As mentioned above, one of the purposes of Peercoin's 0.01 PPC/kb network transaction fee is to eliminate blockchain bloat caused by microtransactions. As a result of microtransactions, Bitcoin's blockchain has grown massively in size, takes days to download and consumes high amounts of hard drive space. By comparison, Peercoin's blockchain remains tiny even after almost three years, the download time is quick and the entire blockchain is small enough to fit on mobile devices. This makes Peercoin more manageable than Bitcoin.

Even though the transaction fee has been a positive for Peercoin so far, many people are concerned with the fee heading into the future because it would seemingly prevent Peercoin from being used as a transactional currency. A major part of the story is missing here though. In an interview (http://www.peercointalk.org/index.php?topic=2218.msg18105#msg18105) dated 10/24/13, Sunny explained Peercoin's design and how it improved upon Bitcoin. Notice the bolded sentence in the quote below:


A decentralized, censorship resistant blockchain is suitable for safe and secure storage of value, while a centralized or less decentralized off-chain solution is better for transactions due to high performance and low fees. Sunny thus designed Peercoin knowing that such off-chain networks would become important in the future.

One example of an off-chain network is Open Transactions (http://www.opentransactions.org/), or OT for short. When implemented, OT will allow any size amount of Peercoin to be transacted instantaneously, enabling Peercoin to retain its ability to be used as a transactional currency, even with the 0.01 PPC/kb fee still in place.

Another advantage is that Peercoin will handle its connection to an off-chain network like OT much better than Bitcoin. Bitcoin miners won't receive the fees from transactions happening within the OT network, which could become problematic for Bitcoin in the future once the block reward lowers. Peercoin on the other hand is perfectly set to handle this potential future due to the low cost of minting.

Peercoin and off-chain networks like OT are perfect for each other. Peercoin provides a decentralized and secure currency while OT provides fast and inexpensive tools to manipulate and exchange Peercoins in everyday life. And Open Transactions is only one example. Peercoin will be able to connect to other high speed off-chain networks as they are developed and released.

As you can see, Peercoin has been carefully designed with the long-term in mind. It was built to last. If you would like to get involved, then please join our community forum at PeercoinTalk.org (http://www.peercointalk.org/). There are many projects being worked on. Together, we are working to build the world's most decentralized and energy efficient cryptocurrency. Come and be a part of something truly revolutionary!

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• peercoin.net (https://www.peercoin.net/) - The official Peercoin website.
• peercointalk.org (https://www.peercointalk.org/) - The official Peercoin forum.
• peercoin.chat (https://peercoin.chat/) - The official chat room for Peercoin.
• Twitter (https://twitter.com/peercoinppc) - Follow Peercoin's Twitter feed for the latest news.
• Facebook (https://www.facebook.com/Peercoin) - Get the latest news on Peercoin's Facebook page.
• Reddit (https://www.reddit.com/r/peercoin/) - The official Reddit community for Peercoin.
• Google+ (https://plus.google.com/+PeercoinNet/) - Peercoin's Google Plus page.
• YouTube (https://www.youtube.com/peercoin) - Watch helpful videos and tutorials about Peercoin.
• Telegram (https://telegram.me/peercoinppc) - Peercoin chat service on Telegram.
• IRC Chat (https://webchat.freenode.net/?channels=peercoin) - Peercoin chat on Freenode.

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• Video Tutorials (https://www.youtube.com/playlist?list=PLvd1OhApu6fVgcvkEdSNYJiuM8iAi_2iu) - Introductory videos about Peercoin and tutorials.
• Peercoin Wisdom (http://peercoinwisdom.com/) - A resource for technical information and peer review.
• Development (https://www.peercoin.net/developers) - Core development and community projects.
• Media (https://www.peercointalk.org/index.php?topic=3174.0) - A collection of articles and interviews about Peercoin.
• Whitepaper (https://www.peercoin.net/whitepaper) - Peercoin whitepaper by Sunny King.
• Myths (https://wiki.peercointalk.org/index.php?title=Myths) - Counter-arguments for common Peercoin myths.
• FAQ (https://www.peercoin.net/faq) - Frequently asked questions about Peercoin.
• Wiki (https://wiki.peercointalk.org/) - Peercoin's dedicated wiki on GitHub.

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• PeerAssets (https://www.peercointalk.org/index.php?topic=4566.0) - Protocol for issuing and transacting with assets, including features like voting and dividends.
• PeerKeeper (https://www.peercointalk.org/index.php?topic=4583.0) - A thin wallet for minting in browser and mobile phones, with built-in PeerAssets support.
• Peerbox (http://peerbox.me/) - Platform for secure minting and running Peercoin nodes.
• PARS Network (https://www.peercointalk.org/index.php?topic=4684.0) - A subnet of the Peercoin network that can mint non-standard transactions without forking the Peercoin.
• PeerScript Labs (https://www.peercointalk.org/index.php?topic=4742.0) - A testing grounds for developers to experiment with scripts and smart contracts on Peercoin.
• P2TH (http://peerassets.github.io/P2TH/) - Tagging a txn using a publicly known address allows for rapid parsing of the blockchain.

https://i.imgur.com/V0n0Nd3.png

• Peerunity (https://www.peercoin.net/download-peerunity) (Community Client) - GitHub Page (https://github.com/Peerunity/Peerunity) - Community developed wallet with added features.
• Peerunity Tutorial (https://www.youtube.com/watch?v=wOhSFb7QFFo) - A video showing basic functionality of an older version of Peerunity.
• Peercoin-QT (http://www.peercoin.net/download) (Reference Client) - GitHub Page (https://github.com/ppcoin/ppcoin) - Basic reference client maintained by Sunny King.
• Android Wallet (https://www.peercointalk.org/index.php?topic=3331) - A Peercoin wallet for Android phones.
• Paper Wallets (https://wallet.peercointalk.org/) - Peercoin paper wallet generator.
•  Exchange List (http://coinmarketcap.com/currencies/peercoin/#markets) - Buy Peercoin at one of the following exchanges.

https://i.imgur.com/fGD31d4.png

• Intro to Minting (https://www.peercoin.net/minting) - Introductory information on Peercoin minting.
• Minting Guide (https://www.peercointalk.org/index.php?topic=2982) - A complete guide on how to mint with Peercoin.
• Earn 10 Peercoins! (https://www.peercointalk.org/index.php?topic=2800) - Earn 10 PPC by setting up a Peercoin full node.
• Mining Pools (https://www.peercoin.net/mining-guide) - Choose from a list of various mining pools.

https://i.imgur.com/X1Zvz8J.png

• Peer4commit.com (https://peer4commit.com/) - Create, fund projects & earn PPC.
• CryptoID Explorer (https://chainz.cryptoid.info/ppc/) - Peercoin block explorer.
• peercoin.mintr.org (https://peercoin.mintr.org/chain) - Peercoin block explorer.
• PoS Calculator (https://poscalculator.peercointalk.org/) - Minting profitability calculator.
• FindstakeJS (https://findstakejs.peercointalk.org/) - A tool to predict stakes.
• Vanity Addresses (https://vanity.peercointalk.org/) - Personalize your Peercoin address.
• Peercointalk Escrow (http://escrow.peercointalk.org/) - Peercointalk escrow service.
• Donate to Peercointalk (http://donate.peercointalk.org/) - Help keep PeercoinTalk running by donating.
• Logo Package (http://www.mediafire.com/file/1r63604tcd68kk0/Peercoin_2016_Logo_Files.zip) - Add Peercoin's logo to your app or website.

Very excited about Nubits in particular :) but great to see so much going on keep up all the great work everyone

Fuzzybear

Been a Peercoin follower since April 2013.

Regardless of your thoughts on the coin, you have to admit that in a world of scams and copy-cats, Peercoin is a legitimate first. The first and oldest proof of stake coin with a quiet yet thoughtful community. It's also probably the most fairly distributed proof-of-stake coin, still mineable today. I think things like this are what has attracted such professional people like Jordan Lee and his team. I can't wait to see what NuBits is all about, and how it affects the future of cryptocurrency.

Long live Peercoin! Long live NuBits!

I can say I am legitimately excited.

Great post Sentinelrv!!

Very excited with NuBits, I'm dying to read the white paper and learn what's all about! :)

May you live in interesting times  ;)

I've been with Peercoin since early 2013 and I've never met a more dedicated, professional and intelligent group of people. We're working on solutions here that will change the world. And in a little less than 11 hours, you're all going to see how serious we are about competing with Bitcoin!

Been a follower and fan of peercoin since october 2013. It's really coming along and exciting times are ahead. Nubits is released at midnight where I am. A bit past my bed time but I will definitely be up reading about it and maybe purchasing a few shares (if that's what it allows).

shame nubits got ddosed :(

It didn't. They just had the site down for 5 minutes to apply an update.

http://www.reddit.com/r/peercoin/comments/2h6scw/and_nubitscom_is_down_due_to_a_ddos_attack_right/

What DDoS attack? I can access the website fine...

Just was on there with no problem.

exciting times! can't wait to see what the peercoin has released, they've been talking about it for months.

NuBits is a great idea and I think it will tremendously help Peercoin.

so where are we now!

You really want to put things like the block time and the number of coins generated in the PoW phase (was there one?)  in the ANN OP.  The tech specs basically.

I'm very curious about what happens after the countdown is over.
Lots of questions will be answered and I bet that lots of questions arise.
Jordan Lee did a great job inventing Peershares.

I bet NuBits will be a real blast considering its developers!

...time will tell...

I've always heard good things about Peercoin; posting here to follow along and will be reading up on NuBits. These are definitely exciting times for all of us, with new technology being developed everyday in the crypto world that could change the whole world. I just feel blessed to still be a part of the "early" phase.

I think PPC deserves the second place in cryptocoin scence instead of litecoin because litecoin is just a clone of bitcoin. Yes PPC is also a btc-clone, but is different in more aspects than litecoin is.

Nice copy of Nxt (https://bitcointalk.org/index.php?topic=587007.0) thread layout. Let's see what more is new in Peercoin universe.

Looking forward to NuNits release, something big is coming for Peercoin and the whole crypto community  :)

Imitation is the sincerest form of flattery.

I admit, I really liked their format and felt it was the best way to present things. I changed it up though by adding a text intro to Peercoin, as well as videos, etc...

Certainly been lots of hype surrounding Nubits and that has raised a little more awareness for a great coin.
I will certainly be glad when the countdown is done and dusted though.... After countdown we can then digest what nubits actually is/does and move forward.
It is really nice to see a committed team of devs, with a great community,  developing and innovating.
 ;D

I think it is a good idea to lean on good concepts and to learn from them.
Why not using NXT's thread format?

Oh, have you ever thought about where NXT got the idea of PoS from? ;)
...one hint: Peercoin invented PoS :D

Those are not tech specs, those are cosmetic specs.

Not true. PoS was invented much earlier https://bitcointalk.org/index.php?topic=27787.0 . Sunny King though was the first to implement it.

Proof-of-stake was invented by Sunny King and Scott Nadal independent of what was going on at BitcoinTalk. Check this interview...

http://letstalkbitcoin.com/blog/post/the-real-sunny (http://letstalkbitcoin.com/blog/post/the-real-sunny)

Oh nice. Forgot about that. I guess nxt is finally giving back? Haha

Cool find. Quoted to keep it.

Funny to see spelling mistakes there ;D

Though I believe Sunny when he says that him and Scott Nadal invented it independently, if you're interested in the history of Proof of Stake you might also like this reddit thread (http://www.reddit.com/r/peercoin/comments/1sokg2/proof_of_stake_and_peercoins_historic_significance/) by cunicula  ;)

The website is a complete mess.

They're just having a little problem. It will be fixed soon.

What in particular do you find messy?

Read the whitepaper. It will take a while to sink in..

https://nubits.com/about/white-paper

It took me several days to digest all that info. Take your time guys. By the way, here is an interview with Jordan Lee from TheCoinFront...

http://thecoinfront.com/an-interview-with-nubits-head-developer-jordan-lee/ (http://thecoinfront.com/an-interview-with-nubits-head-developer-jordan-lee/)

From a quick read sounds just like a pegged asset. Have to see if it holds in the face of volatility.

5 Minutes after NuBits rel, PPC Crash from 0.038 to 0.030  :o :o
Why??

Classic buy the rumor sell the news. The fact that the details were kept secret pretty much sends the message (intended or not) that the news may not be live up to the hype. This indeed, turned out to be true.

1. The site was not working correctly for the first 10 minutes or so.

2. BTC-E loves to make everything look like  scam for a flash crash, so they can buy cheap.

3. NuBits is an involved project that requires time to digest. At a super quick glance, it doesn't look like anything special. Whereas the first two pages of the whitepaper make it clear this has never been done before.

The secrecy was to retain first mover advantage. As was said, read the whitepaper in full and maybe you'll change your mind.

I'm getting ready to give it a read and see what I can pull out from it. I see that Cryptsy has just added PPC/USD trading yesterday as well, now might be the time for me to stop slacking and buy some Peercoin when I have the chance. I think right now it's a good way to hedge some funds instead of just being invested into BTC.

I love the bit about BTC-e, exactly what was happening in the trollbox. If people bothered to stay informed, they'd be watching the peercointalk.org chat and would learn fast that there's a problem with the https version. Out of ignorance many people started panic-selling, making other people relly happy. But that's just a side story.

It's time to dig into the true story, as NuBits exhibit a great potential. Don't rush into things, check and understand the mechanisms to avoid surprises and panic.

I like the idea behind Nubits but I have to admit that I can't really understand everything. But I understand that there will be nuShares, which get minted like bitcoins and there are nuBits. NuShares own the network. They get traded like other currency and the price gets determined through supply and demand. The nuBits are the currency and get set to 1NBT = 1USD. To keep the NBT to $1 there are custodians. Custodians get elected by the owners of the NuShares (-> I think by the ones which creates a block). They give the custodians an amount of new nuBits to create big sell walls at $1. -> So the price can't increase. On the other hand, if the price wants to decrease, the network offers nuBit owners an interest rate to park their nubits on a specific address (supply decreases). Should the price decrease through a sudden crash in demand, people which sell at <$1 will always lose and people who buy at <$1 will always win. Because in a matter of time the price will stabalize at $1 again. The network (holders of nuShares  calles Nu) get a revenue. If they chose to create new nubits, they get sold for $1 each. That revenue gets paid in PPC only so they have to buy PPC from the revenue in dollar.

At this point I don't really know what exchanges get chosen and how the electing works, but I keep reading later :)

There is a lot of info and questions answered on the NuBits forum. Check it out...

http://discuss.nubits.com/ (http://discuss.nubits.com/)

Nu is a clever system, but as soon as its details were revealed, it was obvious that it isn't going to have any direct impact on the PPC price. Sure, it will pay dividends in PPC, but that's not a net buying pressure. It could indirectly help PPC price by bringing new people into the ecosystem, etc, but paying dividends in PPC creates selling pressure (people cashing their dividends out) which exactly cancels out the buying pressure that comes from the Nu system acquiring the PPC in the first place.

Only if literally every single person sells 100% of their dividends, which is unlikely to happen. Especially if NuBits is showing success and the system is growing.

Forget about rumours, PPC is going to be the second biggest market if NuBits succeed! And I think it's going to succeed, GOOD JOB! :)

sorry about noob question, but how can I obtain nuShares?

This is all the information we have on NuShares distribution:

http://discuss.nubits.com/t/undistributed-nushares/125

so only "people who have demonstrated skills that will be helpful to the advancement of the network" can buy nuShares and typical buy should be 9000 nuBits (USD)?

As I understand it a portion go to people who have demonstrated they will be good for the network, a portion will be provided to whoever will pay, and after that they will be on exchanges and sold/traded just like any other crypotcurrency.

If _all_ people cash their dividends out, it will cancel out the demand for having bought the dividend PPC.

But if only a fraction of people tend to keep their PPC this will lead to an increasing PPC price level.
Do you really expect all NuShare holders to do that, to cash out at instant?

I expect some people not to cash out, because NuShares might also attract people who already own Peercoins.
...and they have Peercoins, because they did not cash those Peercoins out yet ;)

What an epic crash for ppc, 385 down to 230 in a matter of 5 hours, more than 1 million USD in ppc sold on the market. I'm not sure it was such a good move to go with such secrecy and the countdown considering nubits has little to do with the ppc price and may cause a fair bit of downward pressure.

NuBits, NuShares and the cryptosystem they create should have a positive effect on PPC, as stated earlier, not all of the shareholders will cash out of PPC paid through dividends. Besides, NuBits have the ability to absorb massive amounts of USD, if they can partially take over the role of USD in internet-related payments, the combined capital of NuBits and NuShares can overwhelm the capital of PPC itself.

It yet remains to be seen to what extent the capitalization of NuShares will grow and what kind of yield will they generate, but I wouldn't be surprised if in a couple of years the dividends paid to NuShareholders would constitute a significant % of the total PPC supply.

How much of USD will go into NuBits? A kind of reference might be the CoinDesk State of Bitcoin Q2 2014 report, pages 15 and 16,  where it is mentioned what kind of services can be impacted by crypto-currency adoption. The numbers are astonishing.

It has defiantly caused a huge stir in the markets, the blowoff went for the most part went back into BTC, the volitility is wild.

I don't see why this would be the case. I think it's inevitable that many NuShareholders are also going to be Peercoin holders. Why would they sell? I know I wouldn't at least. And besides buying pressure, this relationship between the coins will help Peercoin in other ways. This quote is from a NuBits developer on our subreddit...

It's nice to see some real innovation being made instead of just another copy coin like you see in Altcoins!  PPC itself was a major leap ahead, so this new idea has a heritage to live up to  :D
 

How does NuBits compare with BitUsd ? They both try to peg USD if I have it right.

I might got it wrong but your tools to stabilize prize is by auto selling in centralized exchanges and by offering high interest rates when the prize is too low?

EDIT
It seems I got it right...https://nubits.com/about/price-stability

Probably this explains the -25% peercoin price so far

The objective is to lower the supply when demand is low, and increase when demand is high.

Why is it centralized? There is not just one exchange. This gets elected by the network. AFAIN there are custodians which apply for a specific task. This could be developing an app or creating a sell wall at exchange Bter.com for a specific time. I have know idea if there is a mechanism to avoid cheating (why does the custodian not just run away?) neither do I know what profit they make for their effort.

The custodian will likely prove that they are a major stake holder in NuShares, so that their objectives are aligned with the rest of the shareholders.

From my perspective, this NuBits thing is simply too complicated and 'blessed' with the need for human interference. I wish them best.

NuBits is the coin emitted by the "Nu bank", which is represented by the holders of NuShares. And because the NuShares are distributed (one might call it a "Distributed Anonymous Bank", DAB) you can't call it centralized.
If the bank that emits a currency is not centralized, the currency isn't, either.
And for sure the NuBits are created out of thin air - from where else without paying a "price" for their creation? If the bank had to pay for creating NuBits, it couldn't afford to buy and sell tham at an exact rate of 1 USD.

As far as I understand, nubits are created in two ways:
1) To maintain ask walls.
2) As interest to those, who park their nubits when it's necessary to reduce amount in circulation.
And nubits never get destroyed. So amount of nubits is going to grow monotonically. This will inevitably lead to nubits collapse, as even interest alone (if it doesn't change over time) provide exponential growth of nubits amount.
How long this system will last depends on amount of trust. Why would someone park nubits to get more nubits? Ony if he's sure that he can always cash them out to USD at exchange rate close to 1.0. If that trust is alredy undermined some users will cash out, and the system will have to increase interest rate more and more to maintain bid walls, but the more interest the system pays the more nubits will go to sell side next time. Collapse is inevitable.
Am I wrong?

NuBits are destroyed in every transaction, just like Peercoin.


Interest will be 0 in times of high demand, and a fair amount in times of low. I do not believe this leads to exponential increases. Many people will choose to park NBT just for the interest paid.

It's always easy to do your business when demand for your product is high. By the way, when demand is high, amount of nubits in existence may grow much faster than even an exponent.
So basically transaction fees are your only hope. If your system enteres low demand mode, you need to destroy more nubits in transactions than you create when you pay interests. If there are not enough tps, you need to increase transaction fees, what makes your system even less popular, the system is now doomed anyway.

All in all, much simpler CoinoUSD seems to be much more viable to me.

What makes sure that the custodians keep behaving well? It might pay off to get elected as a custodian, and then park all your nubits instead of selling them for $1. Or keep the dollars after selling a big amount. Did I miss something?

From the white paper:
"It is likely custodians will demonstrate they hold a substantial quantity of NuShares so that shareholders know custodians' interests align with their own. It is likely that at some point a custodian will disappoint shareholders, but the damage they can cause is limited to the value of the grant they have already received."
It's like in the real world: if you delegate power, try to be sure to grant it to the right person.

Parking needs voting from holders of NuShares as far as I got it.

hm, and Bitcoin is not complicated?

As far as I understand just the interest rate gets voted for. The higher the interest rate the more people will park.
And I think there are custodians which build up a reputation or proof that they have an interest in doing like they are told (like having a big stake in nushares).

That might be a problem. To keep the price up the systems has to pay higher and higher interest rates, so more nubits get created. This leads to lower price. Seems like a doom loop.

Can you explain shorty how CoinoUSD keeps the price at 1USD?

Sorry about using the old PPC coin logo that is displayed on http://CoinMarketApp.com - it is still in pre-ann stages, and it will be corrected with the new coin logo once we launch.   We are still preparing for launch tomorrow;  we would need more collaboration from the PPC community as to which links they want to see added. Check the thread here as to how we are laying out bitcoin hhttps://bitcointalk.org/index.php?topic=792912.msg8951714#msg8951714 we prefer links come from official sources and community managed links.

We will add some links about NuBits, please do bring those in as well.  Great work so far guys, PPC has been looking strong and solid for a very long time now.  NuBits could take it furthers steps I believe

CoinoUSD is just an asset which exists on NXT blockchain.

Yes, it's only Coinomat who provides guarantee, that one will be able to exchange CoinoUSD for e.g. VisaUSD, but you are still able to transfer CoinoUSD to anybody who's connected to NXT network. Also it's easy to exchange CoinoUSD on NXT AE (their distributed exchange).

After reading about nubits/nushares, it doesn't seem to me, that this project benefits Peercoin, however it's nice to see Peershares are getting implemented, maybe other Peershares projects will be more interesting. And by the way, could somebody publish Peershares whitepaper here or somewhere, where it could be freely downloaded from. Link from github works only for peercointalk.org registered users.

here u go bro

http://oclc.org/research/activities/sharesp2p.html

~CfA~

It is, and now imagine with ^2 on top.

But if the idea is sound and the execution sufficient, I will learn eventually  :-*

You have read the passage that deals with ditribution of dividends?
How can it not benefit Peercoin if the dividends are paid in Peercoins?
This shows a great trust of Nu in the sustainability and security of Peercoin.
And it creates a momentum for Peercoin price.


I agree that it's nice to see Peershares getting implemented.
Other implementation will hopefully follow.
And if they rely on Peercoin for paying the dividends the benefit for Peercoin will grow even further.

Then there is CoinoUSD. Expect lots more in the near future.

All these can only be good news for us. More competition equals more innovation.

I don't see much difference. If you understand Bitcoin it is not too complicated for that person to understand Nu. A person who knows about Bitcoin has the technical abilities to understand Nu easily. But for others? They don't understand how the internet works neither but they use it.

Glad I'm not the only one thinking this.

If I had the option between decentralized pegged USD and centralized, then I would 100% go for the former.
But let's get real: BitUSD has a developer that can just turn off the market and change the code around. Then hides that behind complex and fragile constructions of unreliable collateral and trust in some delegates. NuBits doesn't seem all that different ... so it's "custodians" now instead of "delegates"?

CoinoUSD are centralized, and open about it - thus more understandable and reliable.

Being centralized and open about it (being open about it is an important aspect!) may lead to a better understanding.

But I don't understand how something centralized is expected to be necessarily more reliable than something decentralized.
How do you prevent someone with bad intentions (bad guys, blackmailers, people with an own agenda, competitors with power, etc.) from attacking the central point?

Here is an excellent post on how NuBits helps Peercoin...

http://www.reddit.com/r/peercoin/comments/2hb4cn/why_the_revolution_devours_its_children_is_not/ (http://www.reddit.com/r/peercoin/comments/2hb4cn/why_the_revolution_devours_its_children_is_not/)

Plus this quote in case anyone missed it...

That's what I tried to say: A properly decentralized USD peg would be best. It's still a risk, especially with these unpredictable financial construction, but the trade-off is worth it.
It's this kinda fake-decentralization that is more dangerous. The attack vectors are more hidden (exist though), and there will be no single entity taking responsibility.

If you are talking about the NuShares implementation when saying fake-decentralization, I can't follow. What part of it is fake-decentralized? The NuShares are distributed. They are not in the hands of one single entity. This is what I'd call decentralized. One may argue about the degree of decentralization. It will for sure be more decentralized once the early days of Nu are over and the NuShares are wider spread, but I can't call them centralized - not even now.

...you are saying it yourself: "there will be no single entity...".
But responsibility will be taken: by the NuShares holders. If Nu fails they lose their investment. They are responsible for the benefit of Nu.

Hey everyone,

The Peercoin community has been running a project for a while now that tips people for setting up Peercoin nodes on a Raspberry Pi. Today we reached the milestone of 50 new nodes!

The project is mostly just for encouraging the use of Peercoin on Raspberry Pi, as well as showcasing some of the benefits of Proof of Stake. And obviously it is also nice to have lots of new nodes on the network distributing the blockchain  ;)

If you have a Raspberry Pi and would like to get 10 PPC just for setting up a node, head over to the thread on PeercoinTalk (http://www.peercointalk.org/index.php?topic=2800.0). There are guides to help you out if you're not an expert, and feel free to ask any questions here.

Cheers

my wallet PPCoin doesnt sync...., addnode ?

any solution?

What version do you use (here's some choice: http://peercoin.net/wallet)?
What operating system are you on?
Have you checked firewall settings?
Here are some nodes that are currently connected to one of my wallets:

You can try to put these lines in your "ppcoin.conf" file (only works if they are still on when you try it with them). Depending on your operating system it can be found at different places.
MacOS (folder might be hidden):
~/Library/Application\ Support/PPCoin/

Windows:
%appdata%\PPCoin

Linux
~/.ppcoin

Thank you for this motivator article, hope to see these predictions about Peercoin becomes real soon!

Nushares is a very interesting compliment to Peercoin.

How Sunny King perceives Nu ("...the first major DAC project in peercoin ecosystem..."):

Have a look here:
http://www.peercointalk.org/index.php?topic=3440.msg33283#msg33283

or here:
https://bitcointalk.org/index.php?topic=114994.msg9032957#msg9032957

Yes, here is the whole quote...

...the quote is correct, but the link is wrong...
Seems that you mixed up the bitcointalk and peercoin talk addresses and the topics/messages

Its anything but decentralized. Selling in lots to your own group buddies is centralization.

There is no centralized entity of "group buddies".
You can expect the people who hold NuShares to be from all over the world. And you can very well expect the NuShares to be traded, once the system is established. And even now the NuShares are distributed to more and more people with each day that goes by.
So it already gets more and more decentralized each day.
Until now it's an amazing experiment and the "group buddies" pay the bill, if all blows up.
You can very well send a message to Jordan, if you think you can contribute to the success of Nu. You'll find his Bitmessage address in this post: http://discuss.nubits.com/t/undistributed-nushares/125

It shouldn't be too hard to understand that protecting this experiment against malevolent behaviour in its early days is necessary.
It would be just too cheap to kill it by intentionally giving bad votes.
As you might be aware - NuShares holders decide which way the system goes by voting.

You say this is centralized?
What do you think of other cryptos where you can't influence the direction by voting?
What do you think of the financial and geographical centralization of PoW coins?
What do you think of foundations determining what is good and what is bad without having anything at stake?

There might be a lot to do until the Nu ecosystem runs well. But centralization is one of the lesser problems.
Nu might not be perfectly decentralized, but more than most other crypto coin related stuff around us...

Great new thread! Looking forward to more activity on Peercoin, one of the first cryptocurrencies in the world and the first with POS :)

There's shaken confidence in ppc right now and the fact that nubits has to be utilized for PPC to have real value. also consumers don't want to pay high ppc prices so nushare holders get better prices.

The real value of Peercoin lies in its design, being highly sustainable and secure with little costs.
Nu might be not the last to rely on Peercoin's design...

But I don't get what you mean by saying "consumers don't want to pay high ppc prices so nushare holders get better prices."
Can you please explain that?
If this is about the dividend payment (of NuShares) in PPC, then you are putting the cart before the horse. NuShares holders might profit from rising PPC prices. But the rise of those prices is simply determined by supply and demand. For sure consumers have no incentive to raise prices in terms of satisfying NuShares holders; so don't buy PPC if you don't want them ;)

...others might say: buy them as long as they are still cheap.
But as I'm neither qualified to give "investment" advice nor I'm willing to do so, I just say: we'll see!

Thats what he is doing. Selling in 5m lots behind doors to all those who convince him. Sounds like an elaborate keep it in his own hands scheme.

If he really wants a decentralized, put it on exchanges and let the normal market take over.

My understanding is that shares will be initially offered to people who have demonstrated an interest in supporting the project and help the network function properly in its early, very critical stages.  I'm not under the impression that these are a "group of buddies", who will be disinterested, passive investors.  The shareholders are very important because they have voting responsibilities that will determine the course of the project.  Jordan Lee has stated that the team is looking for business partners and I don't see anything nefarious with that plan.  Pretty much every small company starts that way before going public. 

After the initial offering of 1B NuShares is distributed, they will begin trading on exchanges.

The distribution scheme of NuShares is a complete disaster, black box operation. How can others have confidence when you distribute this way? I would recommend everyone to stay the hell away from this.

Like I said, it sounds too complicated.

But isn't this the same way Facebook started?  Google?  Pretty much every publicly traded company?  The company founders get the initial equity and there may or many not be an IPO.

Is there a requirement that every crypto-asset be initially distributed via mining?  If so, why is this more fair?

Facebook and Google don't claim or are supposed to be decentralized. This thing remains more or less centralized its no better than fiat. Why bother with it then.

Nu might be less decentralized now than it will hopefully be in the future. It's necessary for the bootstrap phase of the ecosystem.
Bad decisions by voting can risk the whole concept.
A bad decision for example would be to have shares, but to be passive in terms of voting. Not voting is effectively the same as voting against a custodian, parking rate change or motion.
The whole experiment could fail just because people didn't understand what they are responsible for.

If "this thing" doesn't continue to be more decentralized, it's still better than fiat, because in the fiat word those who lead the central banks and decide are barely responsible for their decisions. Other people pay for wrong decisions. NuShares holders pay with the value of their NuShares for their decisions.
And it's - for some use cases (e.g. for payments) - already better than most other crypto currencies/assets because of the stable price. For sure it's only 10 days after start; ut so far the price stability is remarkable.
That's why I think it's worth bothering with it.

And I think it's worth bothering with it because Nu tests using Peercoins as a backbone currency. This is another interesting experiment.
Do we really know everything yet? I like experiments! Especially the sophisticated ones ;)

What did you say 2009 to Bitcoin?
...this thing will end more or less centralized and its no better than [to be filled out; I suggest one of (fiat; gold; precious metals;)]?

The argument brought up by every one of the hundreds of coins here. Conveniently forgetting that Bitcoin had no competition.

Bitcoin was and still is a great invention.
In difference to 2009 Bitcoin now has competition.
And Bitcoin is becoming more and more centralized.

All started with the need for pools to receive an ongoing income for the used hash rate.
It continued with the financial centralization: the need to spend (large) amounts of money for (more and more) specialized hardware (first GPUs, then FPGAs, then ASICs, then ASICs with more and more efficiency in terms of GH/$ and GH/kWh).
It currently is on the way to geographical centralization: mining farms are created where the infrastructure is suficient and electricity costs are low.
One might expect "political" centralization to occur once Bitcoin (mining) becomes banned in certain countries.

I'm glad that Bitcoin started that whole thing.
But I bet that e.g. Peercoin has better chances to survive the next 3 years from now.
What do you think will happen when the coinbase reward for solving a Bitcoin block drops from 25 BT to 12.5 BTC?
The last time the halving occured, Bitcoin was not as industrialized as it now is.
We'll see what happens after block 410,00 (now we are at 323,759 (2014-10-04, 09:21 UTC)).
In approximately 1 year and 234 days from now (depending on the development of the hash rate) we'll face that coinbase reward halving.

But maybe I should stop confusing you with arguments - you already have a belief...

How do you conclude that ppc needs nubits to have any value? that simply isn't the case. it had value before anyone even knew what nubits was.

ppc has value indepedent of nubits. nubits is utilized as a usd equivalent, while shareholders receive peercoin dividends based on "nu" growth

No, it bears no resemblance to how those companies were started and taken public.

shame BTC dropped, PPC would raise if it didnt

Sunny King's update today was pretty interesting:


Anyone have any thoughts on this?

Just like SK already concluded: it's a disincentive for minting on multiple branches. Although the economical incentives of doing so have never been good (just a little bit of accumulated interest in the end...), they're defeated with this protocol change.

With the current protocol you have a small chance of raising your accumulated interest over the accumulated interest of minters that only mint on one branch. You can do that by minting multiple branches, having earlier success and receiving more acumulated interest by doing that.

With protocol 0.5 the odds are you lose accumulated interest when tyring to mint on multiple branches (once again compared to minters that only mint on one branch). Duplicate stake detection punishes minting on multiple branches by removing a block that was detected by duplicate stake detection. Successful minting is no longer accelerated by minting multiple branches but delayed (until minting on multiple branches has been stopped!).

Many people focus on BTC, but when the bubble expands, some deflation is due to BTC to PPC trade. Everyone knows if BTC expands, PPC is right behind it

PPC has some characteristics that makes it more attractive for mainstream actors: a flexible supply and more coins. Psychology counts big, I am afraid. PPC is not done yet as altcoin.

Bounties are now available for translating peercoin.net and Peerunity: http://www.peercointalk.org/index.php?topic=3472.0

Peerunity v0.1.1 has been released, includes a minting tab so you can see how likely you are to mint a block:

http://www.peercointalk.org/index.php?topic=3470.msg33598#msg33598

Peerbox v0.23 has been released: http://www.peercointalk.org/index.php?topic=3478.0

my old ppc wallet was v.0.3 and wouldnt sync, so i just got the peerunity v0.1.1 wallet which now wont sync either.

the message i get is;

WARNING: Blockchain redownload required approaching or past v0.4 upgrade deadline.


Inside Peerunity;

Catching Up: Downloaded 114848 blocks of transaction history. Last received block was generated 146 days ago...   ALL day.

Hi edgar,

This video may be helpful: http://youtu.be/rfQKiKhGck0

Remember to backup your wallet beforehand.

so far so good!! Cheers!

any idea as to why some wallets say No Block Source available?

The Peercoin network has now surpassed 400 full single nodes. Check the live chart here: http://cryptocities.appspot.com/peercoin-fullnodes-daily-stats.html (http://cryptocities.appspot.com/peercoin-fullnodes-daily-stats.html)

https://i.imgur.com/id9Syg4.png

Its heating up...

Sunny King's Weekly Update #114
http://www.peercointalk.org/index.php?topic=3532.msg34151#msg34151 (http://www.peercointalk.org/index.php?topic=3532.msg34151#msg34151)

Bitcoin fullnodes can only go down,  peercoin fullnodes can only go up since it cost pretty much nothing to run,  why not. I fire one up every time i get my hands on new machine

This was posted on our forum. I thought I'd post it here for anybody that was interested in purchasing a copy...

Also Sunny King's weekly update #115...

thanks for the update.
although i prefer to read your spamfree forum at peercointalk.org  ;)

- Please upgrade your NuBits Client (https://nubits.com/download) to v0.5.1.
- Peercoin full nodes continue to rise, now up to 432 nodes: http://cryptocities.appspot.com/peercoin-fullnodes-daily-stats.html (http://cryptocities.appspot.com/peercoin-fullnodes-daily-stats.html)
- Brand new NuBits Merchant Badges (http://nubrand.me/) now available.

Exciting news everyone! Peercoin is now accepted at EVERY Bitcoin merchant by using the new ShapeShift Lens browser plugin. Find more information on how to use it by checking out the following link and watching the video...

http://www.shapeshift.io/lens.html (http://www.shapeshift.io/lens.html)

Very cool. Peercoin is.on a tear lately news-wise. Great moment to increase exposure to this coin.

NuBits daily trading volume eclipses $1 million. It's now currently ranked in the top 3 along with Bitcoin and Litecoin...

http://discuss.nubits.com/t/nubits-daily-trading-volume-eclipses-1m-currently-ranked-in-top-3-with-bitcoin-and-litecoin/627 (http://discuss.nubits.com/t/nubits-daily-trading-volume-eclipses-1m-currently-ranked-in-top-3-with-bitcoin-and-litecoin/627)

Peercoin paper wallet overview (https://www.youtube.com/watch?v=lybAGSH2VkI&feature=youtu.be) and walkthrough (https://www.youtube.com/watch?v=p78Xp6qEpU4&feature=youtu.be) videos created by Chronos Crypto.

Peerbox v0.24 (http://www.peercointalk.org/index.php?topic=3592.msg34719#msg34719) is available for download and now supports 2FA and Google Authenticator

http://cryptocities.appspot.com/peercoin-fullnodes-daily-stats.html

481 full nodes right now,  full nodes up roughly 20% this month so far?

nice!

11.20.14

NuShare holders got their first dividend payment today. 68,306 PPC (Peercoins) were bought off the open market in the last two days, and distributed to shareholders. If you held NuShares for at least 36 hours before it went out, you have either received your dividend or can receive it by following this guide. (http://discuss.nubits.com/t/nushares-dividend-address/167/4?u=yurizhai)

The other part of the dividend will involve around $22,000 worth of Peercoins bought soon.

- Link to announcement (http://discuss.nubits.com/t/period-001a-dividend-distributed/688)

- Overview of KTm's proposal
 (https://gist.github.com/KiaraTamm/c30172f9d5d73e970bf2)

The old reddit altcoin tip bot closed down a while back, but there is now a new one up and running.

Head over to /r/peercoin (http://www.reddit.com/r/peercoin) if you want to test it out, and maybe get tipped.

The old bot had given out over a thousand dollars worth of Peercoin in tips, so hopefully this one will be as popular.

PPC is pointed at the moon, it's undervalued right now. It was 7 times higher while BTC was only 3 times higher. Next wave will be very rewarding for PPC owners.

Sorry for my noob question, but needs to be my wallet unlocked without password, to take advantage of POS? Minting is not possible, does this means I won't get my POS share?

If you are new, I would recommend using the Peerunity client.  Set a very strong passphrase (use many different words) and then unlock the wallet for minting only.  A video tutorial is here:

https://www.youtube.com/watch?v=k7WU8JM8Dy0

We at DirectBet consider accepting bets in Peercoins.

If you're interested in betting with Peercoins on sports, horse racing, dice and poker, please let us know and vote for it in our thread here (https://bitcointalk.org/index.php?topic=393147.0).

Thank you.

I can't seem to find the peer unity client for windows 7, can anyone help me out with a link, wish to start minting, thx!

http://peercoin.net/download-peerunity

ppc dying?

1000 PPC has been donated to the Raspberry Pi node project! Go to the thread on PeercoinTalk if you want to get 10 PPC for setting up a node: http://www.peercointalk.org/index.php?topic=2800.0

No. The decline in price is because it's following Bitcoin, which has taken a nosedive recently.

Yes as you have locked wallet no POS.

Is there a compelling counterargument to this out on the nets somewhere?

https://download.wpsoftware.net/bitcoin/pos.pdf

Cold minting!!

https://github.com/ppcoin/ppcoin/pull/78

Is there a compelling argument in this document somewhere?

Hopefully it won't be too long until cold-minting is implemented. Won't need to run my laptop overnight to keep it minting and cut my energy use in the process.

That said, I might end up getting a second Raspberry Pi to create a Peerbox.

I'll take that as a 'no'.

No, it was not a 'no'.

The "nothing at stake" argument has been discussed on the Peercoin-Forum and elsewhere several times.

Forum user mhps has linked all relevant discussions in one post:
http://www.peercointalk.org/index.php?topic=3621.msg34960#msg34960

What do you guys see the max value of 1PPC being ?

I just started a Peercoin faucet to give away some free coins.

I started a topic here: http://www.peercointalk.org/index.php?topic=3900.0 so I hope people don't mind me cross-posting, but I know a lot of people use BCT and not PCT.

You can find my new faucet here: http://peercoin.cryptorials.io/

It will give you 0.00025 PPC every time you put in a claim, and you can claim once per hour.

Hey Peercoin community!

We are adding new coins soon to our marketplace the coming days. We have held talks with the groups and have found that Peercoin will be one of our nominee in the voting list. Do You want to buy some goods with your PPC? Get a voting ticket now!

Just to say I am working on exposing some data on POW blocks and pool / difficulty etc

http://charts.peercointalk.org/

Fuzzybear

Forum now has SSL certificate for the domain

https://www.peercointalk.org/index.php

enjoy :)

Fuzzybear

The creator of Peerbox has announced an IPO for a new Peershares based DAO, which will function as a sports book and casino. More details can be found at teehe.net (http://www.teehe.net/) and questions can be asked in this thread (https://www.peercointalk.org/index.php?topic=3999.msg38283#msg38283). You can also read their prospectus (http://www.teehe.net/pdf/teehe-prospectus.pdf) and business plan (http://www.teehe.net/pdf/teehe-businessplan.pdf).

Its working stable and just fine. What's the rush?

Might be impress after see design the coin... :)

In just over 5 days, the funding period will end for Teehe's Peershares based sports book and casino. As of March 25th, $44,000 has been raised. In case you are still hesitant about purchasing Peershares from them, there is a detailed thread on the NuBits forum where the community has asked a lot of questions and informative answers have been given. Please take the time to read this over in these final days.
 
https://discuss.nubits.com/t/ipo-teehe-dao-sports-book-and-casino-based-on-peershares/1734 (https://discuss.nubits.com/t/ipo-teehe-dao-sports-book-and-casino-based-on-peershares/1734)

There are now around 4 days left to purchase equity in Teehe Sports Book & Casino. Below I've compiled a Q&A list, along with links to even more info. If you'd like to buy Peershares, then check the main website for contact info. Of note is the fact that this project is headed up by the creator of Peerbox, an operating system designed for securely running nodes and minting Peercoins. The creator (Peerchemist) is a well known and reputable figure in the Peercoin community.

Important Links:

- Teehe.net (http://teehe.net/)
- Prospectus (http://teehe.net/pdf/teehe-prospectus.pdf)
- Business Plan (http://teehe.net/pdf/teehe-businessplan.pdf)
- More Expansive Q&A Thread (https://discuss.nubits.com/t/ipo-teehe-dao-sports-book-and-casino-based-on-peershares/1734)

How are you dealing with the legal aspects of this?

First and foremost Teehe is not illegal; however precautions have been made with foresight of legislative changes to cryptocurrency, crowdfunding, and online gambling. As much as legal entities are concerned we do not exist. We only exist in form of DAO. Ownership is decentralized and anonymous.

This must be illegal in United States of America.

Contrary to popular belief online gambling is not illegal in the United States, merely the money transmission process to online gambling companies has been outlawed by the Unlawful Internet Gambling Enforcement Act in 2006.

There is no way for government to seize funds or credit card company to block money transfers as we use cryptocurrency. We handle USD without handling Fiat, thanks to NuBits (http://www.nubits.com), which is a cryptocurrency that is pegged to the dollar. The Nu Network was created 6 months ago and has maintained their peg to the dollar, at times generating millions of dollars in trading volume and consistently being listed in the top 10 or top 3 on CoinMarketCap.com in terms of volume.

Can’t managers just steal IPO funds and never deliver the product?

IPO funds are kept in multisig wallet among managers and one neutral party, a well known Nu and Peercoin community member who is chosen for good reputation. Even if managers of Teehe want to steal the funds, they can’t. That is the design.

Why is it better to raise money through Peershares than from traditional VCs?

Funding raised through traditional venture capital firms eliminates anonymity. Furthermore, an elimination of anonymity is a point of failure for the organization if legislation were to negatively shift in either the cryptocurrency or gambling industry. In this regard, Teehe management has the foresight to raise funds in an anonymous fashion through Peershares, to prevent third party intervention in the future. Peershares also allows for profit earned to be distributed via dividends among shareholders, plus the ability for shareholders to influence Teehe through decentralized motion voting.

Teehe is structured to be resilient to attacks from legal entities by its ownership structure in the form of a Peershares DAO, which allows it to circumvent high taxes, regulatory costs and forms of censorship. There is no way for governments to seize funds or credit card companies to block money transfers. There is no way for any government or bank to influence Teehe. That is the design. It is important to say that the only contact point of Teehe with the "real world" is dividends sold for fiat by our shareholders. If shareholders can do this without government interference, then they will remain 100% safe and anonymous.

How will Teehe match upcoming projects that are implementing decentralized gambling on the blockchain?

While these truly decentralized solutions are quite interesting from technical perspective, we consider they lack practicality. They are often over-engineered and lack scalability, stability and
security. That is why we have chosen not to pursue this kind of approach and use tested and reliable technologies. This does not mean we will not strive to technically evolve in the future. We think we are in far better position to experiment with new technologies as money making business than startup running on investor’s money.

What value does non-volatile betting provide the customer?

Bitcoin has continued to grow in the consciousness of its users. However, people still predominantly rationalize their monetary portfolios in terms of Fiat. The same applies to gambling, bettors wish to wager approximately $100 on a match, and not 0.34798 Bitcoin. We spare our customers of this mental conversion and allow them to bet in terms of their preferred Fiat currency.

Volatility is a risk premium, meaning an investor requires a higher return on an investment due to volatility. The volatility swings with Bitcoin are not small either, especially over a long term perspective, so Bitcoin gamblers are taking large risks without being compensated. Teehe eliminates this risk premium, it is logical to conclude the market will come to favour such a solution.

The biggest value is not even to the current Bitcoin gambling market. Teehe opens up this market to the massive traditional Fiat market. Teehe is a bridge between both of these markets. It captures all the benefits cryptocurrency has over Fiat that saw the rise in Bitcoin gambling, while solving the volatility problem that prevented a larger majority of users entering into Bitcoin gambling.

The gambling industry is one that reacts to change quickly; it was one of the first industries to move operations to the internet, it was one of the first use cases of Bitcoin. The future of the online gambling market lies in non-volatile betting, low transaction fees, and instantaneous deposits/withdraws.

Where did the name Teehe came from?

The ancient Greek goddess Tyche. The personification of chance or luck, the Fortuna of the Romans, a daughter of Zeus the Liberator.

Adapted to English language and modern demographics.

How does Teehe compare with classic online betting sites and casinos?

Teehe solves a lot of problems that customers experience with classic online betting sites that accept Fiat currency. Gamblers are accustomed to gamble with Fiat, whether USD or Euro. We handle USD without handling Fiat, thanks to NuBits. Moreover, Bitcoin takes role of credit card operator with Teehe as it can be used as mean of money transfer from customer to Teehe or vice versa.

By not using Fiat currency we solve following problems:


• Money deposit/withdrawal fees

Credit card company will take fee, PayPal/Skrill will take a fee, gambling house will take a fee. Those can reach up to 20 USD on each transfer in any direction. Most of people gamble with less than 50 USD at the time. So they lose up to 50% of their stake just to transfer the money.

• Money transmission delays

It will take up to two days to get your money to gambling house, even more if you need to withdraw.

• Fiat to Fiat conversion fees

Most of gambling houses accept Euro/US Dollar. If customer uses another currency, credit card company or PayPal/Skrill will rob you on conversion rate.

• Easy taxation on behalf of authorities

Authorities ignore small time players. However if you score big win, like 5-10-20k Euro governments will try to tax it. Sometime taking as much as 50%. With Fiat you can not hide this money, with cryptcurrency you can.

• Total loss of privacy

Your bank, credit card company and goverment can track your activity easily.

• Seizure of customers funds by bank or credit card company.

This happens sometimes, you can read about it on gambling/betting forums. For no obvious reasons credit card company or PayPal will just take your funds and keep them for months as you try to get it back hopelessly.

What do we solve? All of the above. We handle USD without handling Fiat, thanks to NuBits. We allow customers to bypass classic financial institutions while retaining their habits.

About 2.5 days left now.

can someone explain more about how proof of stake works? i read the whitepaper however details are scarce

Looking for some direction on Solo Mining. Where do I place a PPCoin.conf file? Using windows right now. Do I have to build from source (some how), or can I just drop a conf file somewhere?

Found this sample conf, but no idea where to put it:
https://www.peercointalk.org/index.php?topic=3.0

PPC is a bit weak vs LTC lately. I take it as an opportunity to load up some extra PPC.

Any news on peercoin as of late?

Dear Peercoin Community.

We are thinking about adding some new coins to our mining interface and so we have put up a coin vote on our Facebook page for people to have a chance to vote for their favourites.

We have listed Peercoin as one of the coins you can vote for. If you vote you will automatically be entered into a contest.

More information can be found here

https://www.facebook.com/GenesisMining

Genesis Mining

Voted for Peercoin,

but then I saw this: "9,200 people like this"   ::)

Hi Mishax1.

Thanks for voting, regarding the amount of likes, that is for our Facebook page since it has been created and is not actually related to how many people have voted incase you were wondering.

Thanks for your support

Hey guys just wondering if you can add http://infernopool.com/peercoin to the OP.

Hey, Peercoin price seems pretty good ... about 50 cents at CoinMarketCap. I know it's nothing compared with the 2014 bubble, but PPC is again in the top 10 and almost at the NXT level now ;)

I'll soon take a look in the Peercointalk forums again :)

Im getting 0 connections and I just downloaded the newest wallet from the website. Any addnodes?

http://peercoin.net/wallet

Official site, I recommend using the Peerunity wallet.

Tried that one aswell, 30 min with 0 connections now. Firewall isn't blocking. I cant seem to find any addnodes either.

Are you sure you have ppc.conf setup correctly?

https://www.peercointalk.org/index.php?topic=3.0

I just now did a new install of the 0.1.1 Peerunity 32-bit binary on Ubuntu-Linux.  It found its first node about 5 minutes after launching and then began downloading the blockchain.  It had 2 nodes after 10 minutes and 10 nodes a few minutes later.

EDIT: Complete blockchain downloaded in about 40 minutes.

I see Peercoin is doing well today. Currently up about 55%. :o

Could PPC ever see $7 or is that un realistic thinking ?

PPC has been at that value and above - but that was during the last crypto bubble: http://www.cryptocoincharts.info/pair/ppc/usd/btc-e/alltime
Peercoin is fundamentally different from Bitcoin in the way the network is secured as you might already have noticed. It's very energy efficient and can be sustained without mining data centres.
So it can be expected to be used as a kind of hedging instrument if parts of Bitcoin show problems that other crypto coins/assets don't have if you consider investors/speculators.
On a technical level Peercoin is the first working implementation (August 2012) of a purely PoS _secured_ coin while still having an ongoing distribution through PoW (not security relevant).
A RaspberryPi has more computing power than required to do the blockchain securing and transaction processing job!
And it has a lot more attractive attributes.
So it could very well go way above 7 USD.
Or it could completely fail.
Who knows? ;)

should we increase the interest to 2% ?
in order to increase the independent hoarders, rather than hoarders with high stakes.

That already was discussed. Most of the community members think the actual reward structure is good to reduce inflation. That Peercoin is one of the least inflationary coins out there (if we ignore IPO coins like NXT) is a fact that attracts many savers.

There is, however, a long term proposal from Sunny King to change to a fixed reward (e.g. 10 PPC per block, no matter of the savings you hold). I don't remember if SK is actually doing active work on this. Time to check Peercointalk ;)

That would benefit large PPC holders, so it's the opposite of the change you are proposing. SK had justified it with the need to make staking more attractive to prevent attacks when the checkpoint system is abolished. But I'm pretty in doubt if it's really necessary. There should be research for other PoS coins having used this mechanism.

Hi guys,

I downloaded a new Peerunity wallet. It finds my PPC wallet but I doesn't update. Should I remove peers.dat?

V0.5 is due for release in the coming weeks.The following version V0.6 will introduce cold minting a must for anyone with large PPC holdings

Yes. Can't wait.

Sunny King weekly update #159 - https://www.peercointalk.org/index.php?topic=4251.msg40760#new

Notable points:

- Peercoin Android wallet updated to V3.0
- Code review for upcoming v0.5 is complete(maybe??)

So peercoin, primecoin and nubits what other coins are there?
Peercoin has totally lost it's momentum, used to be the number 3 coin and now?
Not even in the top 10 any more.
Goes beyong my mind why people still hold this coin and not just cash out.

Any updates or stores accepting Peercoin?
Just some fanboy talk while the price keeps going down.

lol were you waiting for a pump ?  

It's ok. Whenever Bitcoin goes up, Peercoin seems to jump by leaps and bounds over all the coins listed above it. Last time it happened I believe Peercoin jumped back to #3 again for a short time. If Bitcoin does go up, I believe Peercoin will follow.


You misunderstand Peercoin's underlying purpose. It is not meant to be used as a payment network for everday transactions like practically every crypto in existence. Peercoin has a different focus altogether. You can read about it here...

https://www.peercointalk.org/index.php?topic=4272.0

Peercoin's initial design is what's important. It doesn't need to innovate as much as others. It can simply be.

Hello!
We would like to invite Peercoin traders at our exchange livecoin.net (https://www.livecoin.net/trade/index?currencyPair=PPC%2FBTC)
If you have any questions, don't hesitate to ask :)

Your real identity please.

I'm not sure what exactly you mean, but I'm representative of exchange livecoin.net

Livecoin's owner real identity, who is he, his name, his background..

Also, according to this (https://www.livecoin.net/contacts) you are "based" in London, yet English is clearly not your native language.

edit: so I understand your main audience are Russians, and you are not whiling to disclose your identity.

hi PPC members questions about specs.

1.  Confirms received?
2.  Confirms rewards?
3.  Minimum maturity?
4.  block target interval?

maybe you can look on other peercoin forum, this one is only for some big news or so

Just for those not reading Peercointalk: v0.5.2, the first production-grade version of the 0.5 series, has been released on March 8. (Release announcement (https://www.peercointalk.org/index.php?topic=4434.15) at Peercointalk).

It's a mandatory upgrade, all Peercoin users must upgrade before April 25.

Peerunity, as far as I know, has still not been upgraded, so make sure you check Peercointalk about this issue.

There is an interesting discussion on Peercointalk about a proposal to add assets to the Peercoin blockchain, "Peercoin Simple Assets" (or PSA). That would enable Peercoin to play in the "DAO/DAC/Crypto 2.0" section ;)

https://www.peercointalk.org/index.php?topic=4461.0

The draft is here:

http://peerbox.me/psa/PSA.pdf

It is not a private blockchain like Peershares projects (e.g. Nubits) but runs on the top of the core Peercoin blockchain. So there would be no need to set up a separate network. Sunny King likes it, it seems ;)

is there a problem with securepaymentcc pool showing 0 at hash rate and also my hash rate showing 0

CryptoFile.Hosting  has been launched and Peercoin (PPC) can be used to purchase Premium Upgrades through CoinPayments.net !! Host your files and use crypto's to pay and also earn!! Get Value for your Crypto's!!

More Info https://bitcointalk.org/index.php?topic=1452559.msg14681575#msg14681575

whos the go-to guy in ppc for wallet support?

Bitsquare beta version has launched (https://github.com/bitsquare/bitsquare/releases/tag/v0.4.4)!

It's a Decentralized Exchange. PPC and XPM are supported!

List of the currently supported altcoins (https://bitsquare.io/faq/#altcoins)

Anybody else thinking PPC has been in accumulation zone for quite some time?

Does anyone know whats wrong with the wallets???

My wallet refuses yo download and get in sync,it has been fine for months and now says checkpoint is to old and is 3 days behind the blockchain?????

Anyone have any ideas why or how to fix it????

It forked. Check out peercointalk.org for more info. New wallet is in the works right now.

O.K. and thank you very much for the reply  :)

You're welcome! We won't be waiting long for a fix so no worries.

i have a wallet problem.

anyone able to advise?

Hi
you can use online wallet for the Peercoin: https://multicoins.org
Source code: https://github.com/3s3s/multicoins.org/tree/gh-pages
You can download https://github.com/3s3s/multicoins.org/tree/gh-pages and unpack it to the local drive and it will work without web-servers.

See above. Head over to peercointalk.org for more timely updates on the wallet. You running Linux 32 wallet by any chance?  https://www.peercointalk.org/index.php?topic=4563.0 (https://www.peercointalk.org/index.php?topic=4563.0)

Best Currency
good job ;)

A new exchange is opening and one of the first coins they are choosing to come out with is PPC!!

They have DOGE trading only right now for testing but it will be ready soon and PPC is on the top of the list..

Free DOGE to try here.. tuxexchange.com Just register and ask in the chat box for your free DOGE.. Deposits and withdraws are open and working..

Questions, comments, concerns, suggestions here please :)   https://bitcointalk.org/index.php?topic=1545765.0

PPC is now listed and open for business on TUXexchange!!

Along with DASH, DOGE, and LTC too!!

Much progress lately, come check it out :)

Another Anon exchange partially working and processing registrations manually, sure, I'll be sending my Bitcoins right away!

Anyone knows they called it tuxechange? Magicaltux anyone? I am sure the old guys know this person.

Beyond Bitcoin Audio Released - Peercoin's 4th Birthday w/ Sunny King!

https://steemit.com/beyondbitcoin/@officialfuzzy/beyond-bitcoin-block-explorer-seriest-peercoin-birthday-party-w-sunny-king (https://steemit.com/beyondbitcoin/@officialfuzzy/beyond-bitcoin-block-explorer-seriest-peercoin-birthday-party-w-sunny-king)

https://i.imgur.com/PiDPg5d.png (https://steemit.com/beyondbitcoin/@officialfuzzy/beyond-bitcoin-block-explorer-seriest-peercoin-birthday-party-w-sunny-king)

PeerKeeper Webwallet - BIP44/SLIP44 and key export has been implemented. Firefox compatibility also fixed. Please help test this new release and give feedback. More details can be found here...

https://www.peercointalk.org/index.php?topic=4583.msg44485#msg44485 (https://www.peercointalk.org/index.php?topic=4583.msg44485#msg44485)

https://i.imgur.com/0JHMwaH.png (https://www.peercointalk.org/index.php?topic=4583.msg44485#msg44485)

Introducing PeerScript Labs, an open development environment to experiment with scripts and smart contracts on Peercoin. Check it out here...

https://hrobeers.github.io/peerscript-labs/

https://i.imgur.com/Gz6g1pD.png (https://hrobeers.github.io/peerscript-labs/)

Help us execute smart contracts on Peercoin faster by adding your minting power to the PARS network. Setup a PARS node today using this video tutorial...

https://embeddedthought.com/2016/09/25/peercoin-advanced-relay-subnet-pars-node-setup/

https://i.imgur.com/5gREcYV.png (https://www.youtube.com/watch?v=soMgHV1L6ZE)

Here is a new article from us...

The Benefits of PeerAssets

https://medium.com/@Nagalim/the-benefits-of-peerassets-77bad7693925#.hhhsxkajh

okay let's look good enough to see it there

 8) Still choice PPC

This article is aimed at giving a complete but brief recap of the history of Peercoin and what we're up to now. It was written by Nagalim...

https://medium.com/@Nagalim/building-spires-in-sunny-kingdoms-d126e214dd66#.df1m1vci6

Thread on peercointalk forum...

https://www.peercointalk.org/index.php?topic=4785.0

This is an official announcement on behalf of the Peercoin community. The peercointalk.org forum has been placed into read-only mode and all its contents, threads, posts, user accounts and login credentials have been migrated over to talk.peercoin.net. We hope that the new Discourse forum software will provide a more engaging user experience for our community. Thank you!

Here is our Reddit announcement:

https://www.reddit.com/r/CryptoCurrency/comments/5q40ss/the_peercointalkorg_forum_has_upgraded_to/

https://i.imgur.com/9IrMmC5.png (https://talk.peercoin.net/)

TokenMarket.net has conducted an interview about the PeerAssets protocol with developers peerchemist and hrobeers. You can listen to the interview here...

https://soundcloud.com/tokenmarket/peerassets

PeerAssets is a simple, blockchain based protocol which enables peers to issue and transact with tokens. You can read the whitepaper here...

http://peerassets.github.io/WhitePaper/

You can also visit the forum thread about this here...

https://talk.peercoin.net/t/tokenmarket-net-interviews-the-peerassets-development-team/4236

https://i.imgur.com/9wl9Kig.png (https://soundcloud.com/tokenmarket/peerassets)

Help make Trezor support for Peercoin a reality...

https://talk.peercoin.net/t/insight/4286

We have decided to start releasing community updates from more developers than just Sunny King. They are put together by the whole dev group...

https://talk.peercoin.net/t/community-update-1/4240

Also, here is a pre-announcement for Indicium, the first DAC being built with the PeerAssets protocol...

https://talk.peercoin.net/t/pre-ann-indicium/4332

https://talk.peercoin.net/uploads/default/original/1X/4f9628cbc97ad17ba6d54d9081ac6381d0d59813.png (https://talk.peercoin.net/t/community-update-1/4240)

Community testing for PeerAssets is now live, come join us!

https://talk.peercoin.net/t/peerassets-community-test-2/4345

https://i.imgur.com/9wl9Kig.png (https://talk.peercoin.net/t/peerassets-community-test-2/4345)

Where i see any progress of development?

We have a board for official updates here on our forum...

https://talk.peercoin.net/c/general/official-updates

You can also follow along at https://peercoin.chat. Our developers chat in there.

Community Update #2 Released...

https://talk.peercoin.net/t/community-update-2/4362

wow wow.. slow down there buddy...

We've released an article on our blog Peercoin Pulse titled "The Evolution of Blockchain Governance (https://medium.com/@Nagalim/the-evolution-of-blockchain-governance-6ecb793acc1#.pyd9vr5m4)"

Reddit - https://www.reddit.com/r/CryptoCurrency/comments/61s92e/the_evolution_of_blockchain_governance/
Forum - https://talk.peercoin.net/t/the-evolution-of-blockchain-governance/4428

Peercoin News Update #3 - Core dev team unanimously votes in PeerAssets architect as Peercoin's new Project Leader. PoW difficulty spikes 4x in one month to hit 2 billion. More news updates at the link...

https://talk.peercoin.net/t/peercoin-news-update-3-core-dev-team-unanimously-votes-in-peerassets-architect-as-peercoins-new-project-leader-pow-difficulty-spikes-4x-in-one-month-to-2-billion/4484

[ANN] Series A funding for Indicium: A Cryptocurrency Index DAC & the First Implementation of PeerAssets!

https://talk.peercoin.net/uploads/default/original/1X/4f9628cbc97ad17ba6d54d9081ac6381d0d59813.png (https://talk.peercoin.net/t/ann-indicium-series-a/4518)

Thank you for your update. it's nice to see the price rising highly . it's so lovely.

When is it available for staking? how many coins for staking? Thanks

Peercoin Update #4:

- Teaser for upcoming v0.6 release, including updated wallet design
- Crypto Index Fund DAC Indicium Reaches $100k in Funding So Far

https://talk.peercoin.net/t/peercoin-update-4-teaser-for-upcoming-v0-6-release-including-updated-wallet-design-crypto-index-fund-dac-indicium-reaches-100k-in-funding-so-far/4643

https://i.imgur.com/C84zEHZ.png (https://talk.peercoin.net/t/peercoin-update-4-teaser-for-upcoming-v0-6-release-including-updated-wallet-design-crypto-index-fund-dac-indicium-reaches-100k-in-funding-so-far/4643)

Peercoin is on the roll, lately.

Nagalim has released a great Medium article on Indexing Cryptocurrencies (https://medium.com/@Nagalim/indexing-cryptocurrency-62f349cc4fb9).

Indicium has now achieved over $150k (https://talk.peercoin.net/t/ann-indicium-series-a/4518/72) in funding and has begun the process of waitlisting future pledges.

when will v0.6 be released?

There is no date yet, but it should be within the next month or two.

Indicium, the crypto index fund DAC being developed with PeerAssets is nearing the end of its fundraising. There are only about 2 days left before Series A funding closes. Please make sure to submit your bid before then...

https://talk.peercoin.net/t/ann-indicium-series-a/4518

Peercoin Achieves Maximum Funding Goal of $250k to Develop Indicium, a DAC Platform for Crypto Index Funds

https://twitter.com/PeercoinPPC/status/867586065321922560

Ah Peercoin! Has survived the test of time.

Any new developments?

Yes, official updates from the dev team can be found here...

https://talk.peercoin.net/c/general/official-updates

HIRING: Professional QT5 developer for wallet user interface redesign and implementation

https://talk.peercoin.net/t/hiring-professional-qt5-developer-for-wallet-user-interface-redesign-and-implementation/5431

Peercoin Update #5 - v0.6 Feature List, Current Progress & Release Timeline

https://talk.peercoin.net/t/peercoin-update-5-v0-6-feature-list-current-progress-release-timeline/5323

HitBTC exchange announces it will be listing Peercoin for trading...

https://twitter.com/hitbtc/status/885521139803533313

old coin and still alive

Document released aimed at describing Indicium from an organizational standpoint...

https://talk.peercoin.net/t/the-purpose-and-function-of-indicium/5530

Indicium logo released, desktop wallpaper and logo package at the following link...

https://talk.peercoin.net/t/indicium-logo-released/5534

https://i.imgur.com/JHiiSA0.png (https://talk.peercoin.net/t/indicium-logo-released/5534)

Diagram released depicting how PeerAssets indexes application specific txs, through P2TH, without parsing the entire blockchain...

https://talk.peercoin.net/t/deck-card-and-vote-indexing-diagram/5569

https://talk.peercoin.net/uploads/default/original/1X/9d5bba74ee09c3fb88e8f0ac1853b0edae3fdd9c.jpg (https://talk.peercoin.net/t/deck-card-and-vote-indexing-diagram/5569)

Looking at the market it seems this coin is dying out. Is it so?

It's at it's bottom for some time now.. you know what happens next, right?

There are two outcomes here, the price can keep going down or pump up but I'm guessing you bought some...

If there's anything I've learned from trading the past 4 years, it is to buy when it's low and stable. I have the patience, even if it goes down a little bit more.

If you look at the graphic the price is falling, it's not low and stable. You can look at the graphic in the last 7 days or months, the price is going down reaching the value it had in March.

Maybe today or tomorrow will stop its downtrend and finally will start to going up

Good luck.

I'M Buying, Or I Should say "Ive already bought some" Because The sharks teeth are showing.
Remember what happened last time.
just saying

We can see the big potential of PPC coin and now I am keeping it for more 4 months starting from July, 2017.

Now I can get a big profit with more 300% from that investment but I will not sell it if it is still under 5$ .

Do you think if it can hit 5$ in this year or the early Year of 2018?

something new?

Already gone past $4. I would think around $6 by the end of the year, and probably $15-20 within the next 6 months. Just purely speculative...

We hasten to congratulate all !!!! Now PPC you can trade on a new exchange !!!! PPC peercoin !!! It's already working! Simple registration fast exchange in pairs  BTC / PPC    wave / ppc
DEXchange   https://beta.wavesplatform.com/

i accidentally withdrawn my ppc to a potcoin address from exchange is there any way to get it back?

Sweet  :D

https://i.imgur.com/QTQpDs2.png

I just checked on Trello and Peercoin is moved to finished card, also this coin is now on official Ledger list of Supported Coins (https://www.ledgerwallet.com/cryptocurrencies). I do not know how much this will affect on PPC price or future of this coin, but it is good that one hardware wallet is now support it. Current price is just under 2$, but like others altcoins it is affected by BTC price.

Yes, it's very interesting and I will miss this chance to buy and hold it for a while .
I think PPC is now undervalued and many investors have forgotten this coin and the other hand PPC has been adjusted by Bitcoin price .

1PenekAV7bcEFXFxY68NYrTotBETdDiGk8

It is a good and innovative proposition that will change the advance the course of development in Peercoin. All da best!

The Peercoin Team is proud to join the Blockfolio Signal beta! Install the Blockfolio app on your smartphone and follow $PPC to stay up to date with the latest developments, exchange listings and Peercoin related news.

https://twitter.com/PeercoinPPC/status/1043269907406880768
https://pbs.twimg.com/media/DnpfcDdUYAESqCv.jpg

Update #19: The Peercoin Foundation Hires 2 Developers & Community Manager in First Board Meeting
https://talk.peercoin.net/t/update-19-the-peercoin-foundation-hires-2-developers-community-manager-in-first-board-meeting/8603

Peercoin v0.7 has been officially released! v0.7 will take place as a hard fork, with an activation date of March 12th, 2019 at 12:00 UTC. Please upgrade to v0.7 before this date.
https://talk.peercoin.net/t/update-25-peercoin-v0-7-released-upgrade-deadline-march-12th-2019-at-12-00-utc/8994

The new Peercoin history book (2012-2019) is available in a number of different versions, black & white and color
https://twitter.com/PeercoinPPC/status/1117183465198370817

https://pbs.twimg.com/media/D4ECiP-WAAEyjXX.png