When will you guys start trading PPC on your platform? Or do I have to move my funds over to Neotrix's multi-currency exchange which is launching soon?
+1 Maybe we'll add Terracoin Market capitalisation of PPCoin is higher than Terracoin. Actually, market capitalisation of PPCoin is higher than Novacoin too. Could you not just try it out for a trial period? I hate having to transfer my coins backwards and forwards to different exchanges and more importantly, it would give PPCoin such a boost. PPcoin has huge potential that people haven't realised yet... it's transaction fees can remain tiny whereas with Bitcoin and other clones the transaction fees have to increase the more they are used by people. Something for you to think about  |
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I really doubt there will be only one mainstream cryptocurrency. Even if Bitcoin was flawless, which it's not, in almost every economic market you have competition. To people who think there's no need for something like Litecoin, what's the point in silver when we already have gold?
I honestly think out of all the alt currencies PPCoin has the most potential. Bitcoins transaction fees are only going to increase over time as more people use it... it's a problem which is ticking time bomb. PPCoin won't suffer that fate. People are pumping up and pumping up Bitcoin and when it finally becomes mainstream they are all going to look at each other and go 'damn, this new coin has transaction fees the same size as paypal'. They will look for an alternative and see PPCoin which by then should already be prospering somewhat. In fact, this should happen even before Bitcoins become truly massive, people will start looking towards the future and see what I am seeing. PPCoin has other unique benefits too but I'll leave that to another post.
That's looking longterm.
For the medium term I see Litecoin doing very well. It's gained just enough traction at the right time to be dragged up by the coat tails of Bitcoin's success.
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Price is not driven by difficulty. It's driven by emotion.
The spike in Litecoin was fueled by the fear of a weakness in Bitcoin with the blockchain fork.
Why do people keep spreading this rubbish? Litecoin shot up from 6 cents to 50 cents BEFORE the hard fork occurred. |
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Litecoin isn't that different now from bitcoin when it was 40 cents.
I call b.s. on that. Litecoin is a bitcoin clone. It's a back up coin. I bet even litecoin dev traded in their LTC for BTC amidst the $0.70 stupidness. Mining profitability was too high with LTC over $0.50, I bet miners were trading right away for bitcoin and fiat. You misunderstand, I meant in terms of the price graphs and it's volatile behaviour. |
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after the fork the 3 major alts kind of just went nutty. They are now slowly coming back down to there they should be.
Litecoin was around 0.5 before the hard fork. While bitcoin is at least getting more popular and more useful in the world, the alts have mostly remained the same speculative coins that they always have been.
You can buy plenty of goods and services with Litecoins now. There's even a Litecoin version of Silkroad called Atlantis. Litecoin is no more 'speculative' now than Bitcoin was when it was the 50 cents. |
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The only reason it's crashing is because everyone wants to jump aboard the bitcoin rocket. Except it's starting to run out of fuel. Naysayers and doubters remember: litecoin shot up from 6 cents to 50 cents after bitcoin broke the $32 barrier and stablised in the low $40's. I wouldn't be surprised if it shoots up again when this latest surge stablises over the weekend. The age old arguments of 'it's a purely speculative investment you can't buy or do anything with litecoins' isn't even true anymore. Litecoin isn't that different now from bitcoin when it was 40 cents. Plus remember this, when bitcoin hit $1 for the first time it then shot up to $30 within 2 months. unfortunately many new LTC users took the bait and bought heavily at 70c due to being assured that they would see $1 next week.
This simply isn't true. It wasn't even at 0.7 for that long. |
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Reaper is a scrypt coin GPU miner. PPC (BTC,TRC,FRC) are SHA-256 coins.
You can use any miner you use for BTC. I suggest CGminer . It does both SHA-256 and Scrypt, but it defaults to sha-256.
If you want to use Coinotron, you will need to register first. You use the same ports with most of the coins on coinotron (8322 or 9322). In your account, you set your workers to what coin you want to mine.
Dunno why I thought PPC was Scrypt, need more caffeine. Have a rig using CGminer, problem with it is high thread concurrencies arent well supported yet. Dont know if that'd apply with SHA. Registered and worked added, I'm not that noob  You've made a good choice imo. People who are thinking long term notice that PPCoin scales better than Bitcoin. |
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To anyone passing by:
nothing to see here, move along.
In this regard, Litecoin specialized/custom hardware will not be Bitcoin: part deux.
scrypt is made -specifically- to make custom hardware (such as fpgas, and others) attacks much more costly/less beneficial than otherwise it would be without it. Unless they have discovered a vulnerability/flaw/subtle property no one else knows about, the MOST they are going to get is power savings.
Dont expect anywhere near the same kind of advantage that asic/fpga has over other means of mining as in bitcoin. fpgas and the other forms of custom hardware wont have the same volume savings as gpus, the same amount of engineering, nor nearly the same amount of r&d $ to back it up.
again, all they will get is possibly some power savings, and even this being due to the fact they dont have to deal with the power overhead of the rest of the components in a pc gives other miners.
until (and if) this comes out and we see what it's capable of (or they post actual proof of the benefits of their custom hardware) i'm gonna stand by this, and others have no reasons to do otherwise.
Yup. This. If research computer scientists haven't found an effective way to parallel compute Scrypt I doubt a random dude off an internet forum will figure it out all by himself and his soldering iron. Litecoin FGPAs will bring an advantage of course, but it will be nowhere near as dramatic as bitcoins ASICs. |
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When will you guys start trading PPC on your platform? Or do I have to move my funds over to Neotrix's multi-currency exchange which is launching soon?
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The title of this post is going to be very ironic in coming months.
I predict most the benefits of fgpas will simply be lower power consumption per coin.
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the only current crypto-currencies really valuable right now are ripples, namecoin and our bitcoins. these are the only with a defined purpose and usefulness.
Don't forget PPCoin which solves amongst other things a big future problem of Bitcoin - transaction fees. With Bitcoin the fees are going to get bigger and bigger over time as more people use Bitcoins, with PPCoin the system is designed so that won't happen. Think about where all the disgruntled Bitconi users will eventually go when the transaction fees reach PayPal levels. |
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To be honest, I don't really want the ASIC's to arrive. When they do, gpu miners are gonna lose out big time. And people who can't afford an ASIC aren't gonna have enough hash rate to compete  Miners can just switch to Litecoin. It's more profitable than Bitcoin to mine anyway + it's hashing algorithm is Scrypt which has no currently known way to be parallel computed (ie any asics or fgpas that do eventually come out for it can only have a minimal advantage). Check out btc-e.com to see the exchange rate for Litecoin, or see the profitability on dustcoin.com |
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I sure wish I didnt sell the 90k PPCs I did last week on bitparking for 0.00008 each...seeing that they are 0.0004 now Oh well! haha They're still very cheap imo. |
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If anyone wants to sell some PPCoin in bulk please contact me.
I tried to post on the ppcointalk forum but after registering it doesn't let me post so I figured I'd try here.
Go to bitparking or to vircurex  Wise move btw |
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What would the open source documentation consist of exactly?
Perhaps we also need to draw up a To Do List of things that missing or need to be done.
Go through Sunny King's C++ code and figure out what the christ is going on in it. It's poorly commented and difficult to read through. I'm not a programmer, I'm a mathematician... |
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Good. Then you may want to get involved with creating an open source documentation of ppcoin. It is badly needed and Sunny seems to have a lack of time/motivation to do it.
What would the open source documentation consist of exactly? Perhaps we also need to draw up a To Do List of things that missing or need to be done. |
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People keep forgetting there are legal consequences to engaging in this activity. I can't speak for everyone's home country, but in mine even offering a bounty for a malicious cyber crime that would damage businesses and individuals constitutes criminal activity (Computer Misuse Act, amongst others).
And very, very few people get caught, so no one cares. Because no-one from the Anonymous hacking group got busted right? Or the other groups. OP would already be implicated just by offering a bounty but he is too retarded to realise that. |
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