Lmao at people listening to Smoothie. He is a self proclaimed troll
What you PEE PEE fan boys forget:
1. PPC has not proven to have fixed the previously found vulnerabilities exposed by jutarul and have not proven the 'new' POS algorithm to be well tested for exploits.
2. Shady development.
3. Sunny's ineptitude to discuss publicly his design of the NEW POS algorithm.
Dont take something as truth just because you heard it was "energy-efficient" etc.
What is the point of energy efficiency if their is an exploit that still needs to be fixed within the code?
I prefer not to touch this coin until Sunny comes out and addresses my three points above with 100% transparency.
Oh and as a TRADER, I know what not to touch/invest in when the writing is on the wall.1. All the vulnerabilities have been fixed, just like Bitcoins early problems were fixed.
Go ahead and exploit one of these vulnerabilities you are talking about? It is true that the other alt coins have the advantage of being so similar to Bitcoin they haven't got to worry much about exploits. Sunny is an extremely active developer unlike a lot of the other coins and he even found an exploit in Terracoin this week. Just like Bitcoin, the longer PPCoin is 'stress tested' out in the wild with real users, the more secure it is. PPCoin is going from strength to strength, it's only getting better. And it's innovative.
2. The development is anything but shady. It's open source, with weekly updates (there is a weekly update topic). Because PPCoin is not a cheap clone of Bitcoin and requires a lot of work it's hardly surprising he doesn't have time to do everything you say yet he is still very active in this community unlike certain other devs I won't name. Anyone here don't believe me? Go to his profile and click on recent posts -
https://bitcointalk.org/index.php?action=profile;u=63182, he is answering tons of questions daily
3. You can actually find the algorithm quite easily in the source code, I found it and I only have basic programming knowledge. It's all there for you or anyone else to read.