This could be partly true, but I think with it's volatility and newness, it's a long way from that. Additionally I'm not really worried about the people in that industry, they'll find something to do.

Jason, first thanks for the all the videos you've made they were really helpful for me when I was studying btc at the beginning. To answer the question, I think it's fine as it is but I also think that future wallets will have default settings which won't download the full chain.

sounds like a good idea, I'll bet a micro nation would be the first.

I agree it make will make it harder for them, which of course is great, however I think they could still exist and tax even in an exclusively bitcoin environment. I'm not expert and haven't spent anytime thinking about but even I can think of some ways.

well to be honest even at this point I don't think bitcoin is for everyone without prior study, it's too easy to screw up. btc itself is secure, but how it's used of course can be a problem.

got it thanks

also one more thing to your point about now being able to connect to a peer, at first I also wasn't able to connect, but then I turned off my VPN, now it works. Maybe the VPN service won't allow that protocol?

again thanks so much the help. here is what I've done now with more confusion.

I went to the github site, read the readme which told to go to http://primecoin.org/
from there I saw the link to download the client:
http://sourceforge.net/projects/primecoin/files/latest/download?source=files

I downloaded the client, unpacked it and read the readme:


I did went to the dir and ran ./bitocin-qt
now I have a primecoin wallet!

However two things I don't understand...

1. Why can I simply download and run the client, when before we were trying to compile the whole thing, what is the advantage to compiling if there is one?
2. Why the heck is it a primecoin wallet, when from the star I wanted PPcoin wallet!?  Are they somehow the same thing?

just to make sure I understand, you mean from the source here:

git clone https://github.com/primecoin/primecoin.git

wow very interesting! thanks for adding that. 

well it does have the most votes as far as users. But why is it the best? In what ways is it the best?

not true, in fact it's just the opposite.

another update:

I did some searching online and found this
http://stackoverflow.com/questions/16607003/qmake-could-not-find-a-qt-installation-of

I installed suggested package:
sudo apt-get install qtcreator

and now when I run qmake in the primecoin dir I get this message:

Project MESSAGE: Building with UPNP support
sh: 1: /usr/lib/i386-linux-gnu/qt5/bin/lrelease: not found
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_af_ZA.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_ar.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_bg.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_ca_ES.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_cs.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_da.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_de.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_el_GR.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_en.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_es.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_es_CL.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_et.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_eu_ES.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_fa.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_fa_IR.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_fi.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_fr.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_fr_CA.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_he.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_hr.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_hu.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_it.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_lt.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_nb.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_nl.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_pl.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_pt_BR.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_pt_PT.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_ro_RO.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_ru.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_sk.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_sr.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_sv.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_tr.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_uk.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_zh_CN.qm'
RCC: Error in 'src/qt/bitcoin.qrc': Cannot find file 'locale/bitcoin_zh_TW.qm'

Could it be that the qt application is taking up all the system resources thus not allowing windows to work correctly? When you first start the client it will start downloading the full blockchain.

btw I'm guessing these videos will disappear as the creators start removing them.

thanks for posting these, it's very interesting the various perspectives the naysayers hold, some just don't understand at all, others have a more "real money" philosophy, and some are just afraid.     

I tried resetting but still the same, below is the content of the src dir, maybe that helps:

addrman.cpp         db.cpp                makefile.unix          rpcwallet.cpp
addrman.h           db.h                  mruset.h               script.cpp
alert.cpp           hash.cpp              netbase.cpp            script.h
alert.h             hash.h                netbase.h              serialize.h
allocators.h        init.cpp              net.cpp                sync.cpp
base58.h            init.h                net.h                  sync.h
bignum.h            json                  noui.cpp               test
bitcoinrpc.cpp      key.cpp               obj                    threadsafety.h
bitcoinrpc.h        key.h                 obj-test               txdb.cpp
bloom.cpp           keystore.cpp          primecoind             txdb.h
bloom.h             keystore.h            prime.cpp              ui_interface.h
checkpoints.cpp     leveldb               prime.h                uint256.h
checkpoints.h       leveldb.cpp           protocol.cpp           util.cpp
checkpointsync.cpp  leveldb.h             protocol.h             util.h
checkpointsync.h    limitedmap.h          qt                     version.cpp
checkqueue.h        main.cpp              rpcblockchain.cpp      version.h
clientversion.h     main.h                rpcdump.cpp            wallet.cpp
compat.h            makefile.linux-mingw  rpcmining.cpp          walletdb.cpp
crypter.cpp         makefile.mingw        rpcnet.cpp             walletdb.h
crypter.h           makefile.osx          rpcrawtransaction.cpp  wallet.h

Thats a good question because if someone starts now they won't have much time to reach the targets, but maybe thats ok, they can go for next months.

I've seen a few things about goldcoin, but what makes it worthy?

so I went to the primecoin directory and ran the "qmake USE_UPNP=-", however again same message as above.

Then I did something that might have been a mistake, I went to the src directory and ran the "make -f makefile.unix", it did it's thing seemingly successfully.