GPUs ARE AWESOME!!! YOU NEED TO BUY MORE!!!!

You mean like renting a car and taking it to a superspeedway so you can drive 150+mph?

'He pointed out something'  "Oh, look, a bird..." "HOLY SHIT!  LOOK AT THAT!"  2 different ways to say the same thing.  1 is pointing something out, 1 is causing hype and/or panic.  Ok, let's say you are right, he was only pointing something out, then why this thread?  This is a delibrate attack not an innocent post to point something out.  The guy claims in one post he has no interest cause he can't mine and that he is bitter.  He offers to buy the miner using escrow in another post.  He claims it's not meant to be inflammatory then lights the flame himself.  Face it, the guy is BUTTHURT over the fact that he (intentionally/unintentionally) lit a shitstorm and his post got deleted.  Now he is *intentionally* trying to incite riot.  Rationalize it any way you like, the guy is a loser AND an ass.

1) *IF* he has not paid and has no vested interest in the project, why is he throwing a wrench into the works?
2) *IF* he HAS paid and feels he is being ripped off, why is he lying?
3) Why is he bitter?  Is he jealous that he cannot create this and therefore isn't making the same money?  Or maybe he feels it was his idea and it got stolen?

How?  They are not offering anything for sale yet.  Their claim is that once they HAVE a product, then they will open sales.  No preorders.  If they don't produce a working copy, by their words, you'll have nothing to buy.

Vague statement with little proof.  Look at TRC and FTC, both have been 51% multiple times yet they are still out there.  You need a better arguement.

Disagree.  As shown on http://cryptometer.org/primecoin_90_day_charts.html on day 9, 'supply' (better referred to as minting speed) will increase when GPUs are added just as it did when the massive bot-nets jumped in on day 8-9 and minting speed hit almost 900%.  It took several days for the difficulty to adjust.  Once difficulty stabilizes, minting speed will be much lower than before their implementation, just like the current 10.5 coins per block as compared to Day 3's 19.89/ block avg, day 9's 14.8, and day 20's 11.6.

Your premise is also flawed in that you don't take into account difficulty will inevitably decrease even if 'network hash' remains the same.  Why? non-reuseability.  Since the program is searching between 255 and 2000 bit length primes, you have a finite number of them, which means even if you have 1,000,000 computers crunching away and say difficulty reaches 20 or higher, you're going to run out fo 20 length chains eventually.  Look at any distributed network site and you'll see this.  So the developer would either have to alter the search parameters or eventually difficulty decreases.

You are contradicting yourself.  http://ecoinomist.com/xpm-investment-primecoin-useless-doomed-fail, right there under 1) Primecoin is not a Commodity which you follow up with 2) Primecoin is not a Currency.  You cannot have it both ways. 

A currency (from Middle English curraunt, meaning in circulation) in the most specific use of the word refers to money in any form when in actual use   or circulation, as a medium of exchange, especially circulating paper money.

A commodity is a marketable item produced to satisfy wants or needs.

While most people consider commodities to be tangible, physical goods, in the context here, it works for all crypto currencies.

I can 'purchase' Bitcoins (which is considered money by FL) with primecoins.  With this argument, primecoin IS a currency.  Conversely, I can 'sell' primecoins for bitcoins.  Using this argument, primecoin IS a commodity.  As noted by the prior poster, your inference is semantics.
By your conclusion, Bitcoin should have died when Namecoin came out.  In addition, Litecoin should have died when BBqcoin came out.  The fact that there is/isn't a cap doesn't make a difference here, you are making an errorneous assumption.

Is Corn a commodity?  Does Corn have a cap?  If all farmers produce less Corn, does price increase?  If all farmers produce more corn does price decrease?

With the advent of GPUs, Primecoin will become scarcer to get.  If they ever create a primecoin ASIC they will become even scarcer.  Why would people then STOP mining?  By your logic, if we stop, then the coin becomes less scarce and therefore less valuable.  Logic would also dictate only a fool would stop mining under these circumstances.



All of that aside, maybe primecoin does have flaws, but it also has a lot going for it.  Maybe Sunny should have done an 'inverse difficulty' and started off looking for 20 length chains at 20 or more coins per block.  If minting speed is too slow, drop to length 19 and 19 coins and continue.  It's a given that difficulty will inevitably go down, but with this if you have only 100 computers searching they may be stuck at 4 or 5 difficulty and getting 4 or 5 coins per block, but you toss in the bot nets and you start getting 7-10 coins per block.  Add in the GPUs and maybe you get 13-15 coins per block.  IT'S NOT INFINITE THOUGH!  Eventually you will run out of primes unless you change the search parameters.

How can you buy shares of something that only RS knows who holds and how much?  

EDIT:

Now this I call shady:

1) show me proof you own these
2) show me proof RS will accept ownership transfer

GPU resistant and BOT-net resistant would be great features, but hard to implement. Pool resistant would be interesting.

BOT-nets mostly rely on cloning, make 1 wallet with 10,000 addresses... after all, who has the time to log into 500 machines to service 500 wallets?

So, how to limit clones... you could attach an IP address or the network card MAC address to the wallet.  This would affect anonymity though.  You could use a 'share the wealth' approach... once an address solves a block it becomes unable to submit another block until say 100 others have found a block (pool killer, possible 51% preventer).  Using something like Primecoins 2.5 day minting wait would also deter bot-nets if people had to lose those days worth of mining at the end of their contracts, esp if they couldn't clone wallets because of IP/MAC attaching.

Limitations like this would likely kill the coin though, depends on the 'player' base.

scammer, do not trust!

A neutral fashion? Bwahahahahaha.  Give me a break.  While 75 BTC is a drop in the bucket for a few people, it is lot of money to most and riches beyond belief for some.  Considering minimum wage is like $10/hr, posting about it being $51/hr "IF he worked full time on it" and the Daaaaaaammmmmmnnnn comment/picture makes it look very inflammatory to me.  Hell, I was an E-6 in the military and felt I was pretty well off making around $20 an hour when I retired 7 years ago.

40 minutes is really too short a time to test anything regarding this coin.  When I was checking the -s option, I'd let it run for 24 hours at a time and could still see +/- 20% over that time frame.  This isn't a simple hash you can count, it's not easy to look at it and go "Oh, this works better!" after 5-10 min.

I'm running an i7 laptop and 2 C2Quads and I'm getting between 74 and 92 shares per block with a combined VPH of ~13.

Boo freaking hoo.  You posted a troll comment and it got deleted, then you and another asswipe posted over and over again and he got sick of it and locked the thread to not have to deal with childishness from the likes of you and them. 

"I never said he was being overpaid"  Really?  You just happened to present it in a way that makes most people think he is?  And now you're even exaggerating the amount to make it look even more like he's overpaid??  You've even gone so far as to call his reputation into question, yet by your own words: "I'm not dishonest. I'm just bitter. I can't mine anymore, anyways. So it does not benefit me."

FFS, he closed one thread because it got hijacked by assholes and idiots and now, congrats, you forced him to lock another one for the same reason.

Primecoin will never reach those prizes.  The chains primecoin is looking for are betwen 255 bits and 2000 bits.  The current record-holding Mersenne prime, which is  17,425,170 digits long, is a 57,885,161 bit number.

Who cares what the PPC supporters said a month ago?  What are they saying today?  

Personally I laugh over you "smart mathematicians" comment.  Some of the most intelligent math people I know are downright stupid when it comes to dealing with people and real world things.  I once commented in a math thread how 2^9(512) was twice as large as 2^8(256) and a PhD jumped all over me saying it was only 1.125 times as large.  Technically we were both right, 256*2=512 and 9/8=1.125, but it depends on your point of view, and i caused one heck of an unintentional flame war over a simple statement.

Primecoin does have value other than electricity waste, just as the concept behind Curecoin has value other than electricity waste.  The work done on primecoin may one day be usable on things like curecoin, your statements lack insight.  Bitcoin will just continue to be a waste of electricity.

Your point on the 'no limit' VS limit, while intriging, is also kind of shoprtsighted.  Look at playstation for example.  When the PS3 came out, the people who got one of the first ones eagerly sold them to people who had to be 1st and made a bundle.  I bought my PS3 over a year after the release and I paid the same as the people who got the 1st ones.  Millions of PS3's have been produced since I bought mine, but I can still buy a new one for roughly what I bought mine at.

Now look at Magic the Gathering.  Bitcoin = Beta, Litecoin = Unlimited, ?coin = Revised and all the other altcoins = the various expansions.  MTG is both limited and unlimited in a way, kinda like the various crytpocoins.  I remember Ice Age coming out and getting a Jester's Cap, worth $50 at the time!  Since some of the early cards were over $2,000 I held on to it.  Today it's worth $5 and some of those $2,000 cards are under $400 and some has gone up insanely (mainly due to CGC grading).  No one cared THAT much about grading when they were $2000, but boy they sure do now.  Bitcoins don't have that luxury though, they aren't all that rare (I've mined over 5 BTC total between mining it and ALT coins) and their value depends on demand.  April's jump to $250 after it 'went public' and people wanted one lasted microseconds.  The recent plummet to $60 showed a lot of people bailing on it.  The current price seems close to the 'stable point', but that depends on the next hype or bailout.

If you want to use real-world terms, Bitcoin is technically *not* a currency, it is a commodity, like Gold, Silver, Tin, Iron, etc.  People call the halving of block rewards similar to Gold mining... the longer you mine the less is left available to find.  Bitcoin will end up like Gold today... mined by a stubborn few indivduals for the minute flecks and chunks they find and mass-mined by corporations as long as the cost does not exceed the income.  The more BTC climbs in price, the more you will see huge hubs mining it just like the gold mining companies useing acid-leeching to get the last minute dregs of gold from a huge pile of dirt.

Where does that leave Primecoin?  I see Primecoin as iron to BTC's gold.  There's a heck of a lot of it available to be mined, but it's at a fixed rate due to demand.

ASICs are the gold corporations of the BTC world.  Problem is that they are flooding into the marketplace and soon only the strong will 'survive' as difficulty climbs through the roof.  I think most people's estimates are way off... I forsee bitcoin reaching 1PH by Sept 1 with a likelyhood of 6PH+ by Oct 1.  Maybe now is the time to invest in BTC... the price increase caused by difficulty increases will do more damage to ALL altcoins than all your 'predictions'.

Did you even read the OP?  The thread title?  

Optimizing a miner to search only short chains is kinda dumb.  Let's say ALL the miners adopt it... suddenly no blocks are found and no one makes anything.  Face it, why are 5-chains no longer accepted?  Flooding the pool with 6 chains will give you a short term increase in XPM followed by either a lockout of 6 chains or a loss of the big dogs finding blocks who get disgusted funding all the small timers who will never find a block stealing all the XPM.  The end result of both options is  a subsequent decrease in XPM.  Greed is always it's own reward.

Since this is what is termed a 'gentleman's agreement', he can change it:

A gentlemen's agreement is an informal agreement between two or more parties. It is typically oral, though it may be written, or simply understood as part of an unspoken agreement by convention or through mutually beneficial etiquette. The essence of a gentlemen's agreement is that it relies upon the honor of the parties for its fulfillment, rather than being in any way enforceable. It is, therefore, distinct from a legal agreement or contract, which can be enforced if necessary.

An honest person would abide by the spirit of the agreement, a dishonest one would try to profit from it.

We see where you fall in this.

MJpL1CtRZ4J7ayutJ2YAYj7WF7rdcmsc9n

cheers

mtlrt could also decide he's had enough of people trying to profit by reselling and just open source it as well, pissing off everyone.  Or he could make note of the resellers and then not send them the advance copy.  The few resellers upset would be nothing compared to the happy true donators.

So true, he already damned himself worse with his last post than I ever could have done.

You're trying to solicit donations for someone else's work not your own.  That is the definition of a scam.