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Sunny King of PPC,XPM, nubits He is the KING me too Sunny King is the King ! .
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I'm in Texas where power is pretty cheap, but I can't bring myself to run my ASIC miner because it seems so wasteful. So, I went to Peercoin and I am a fully distributed, decentralized minter now. A full node can be run on less than 3 watts. There is a program where you can get 10 PPC for setting up a node on a Raspberry Pi. It is linked here: https://bitcointalk.org/index.php?topic=715971.new#new
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Well this is definitely a great idea... let me take inventory of my unused pi's and I will see if I can get one running.
One last question, is this just for Pi's? Or would other low usage arm boards qualify?
Right now it is just for R-Pi. But the program might be expanded to other hardware someday. And, just one tip per person. Thanks for your interest
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Giving away money?
Ok I will bite... do you have too many PPC or is PPC in that dire need of full nodes?
haha... sorry to disappoint, there is not too much money nor a dire need of full nodes. It's just a friendly promotion that gets technical people involved and demonstrates in a nice manner how Peercoin Network is secure with full nodes on less than 3 watts per node. Three watts per full node for security is pretty low cost; how much does your network have to pay?
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Best POS prolly NXT
Buy NXT if you want marketing, pretty logos, pretty girls and lots of enthusiastic people who are really quite clueless as to the technical realities of cryptos. Buy Peercoin if you want fundamentally good engineering, design and development.
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POS is made for one purpuse only, and that is getting early adopters rich.
I think this isn't true. Some purposes of Peercoin are covered in the video in the OP. However, in a general sense, all cryptocurrency benefits early adopters. I agree that there are some negative issues on POW, but it can be fixed/changed/whatever.
This is extremely, extremely unlikely. Bitcoin is quickly reaching the point where it will never be "changed" again. Too many players would have to agree to update their software, which simply wouldn't happen unless there were some emergency. I agree with Chronos. First, Peercoin has no more rewards to early adopters than any other crypto - with the exception that Peercoin is designed for long term success, enduring and succeeding in time after other cryptos have failed. Only in this respect, it is more favorable to early adopters. Second, it is true that Bitcoin is unlikely to change much from here on forward. But unlike Chronos I don't think this is because "Too many players would have to agree..." rather, I believe Bitcoin will not change because of a couple of less big reasons and one very big reason: 1) Bitcoin has a market cap now of 8 Billion dollars. What paid or unpaid developer wants to risk screwing that up? If the price rises or falls dramatically the fear and paralysis of core developers will become even greater. 2) Bitcoin core developers are under a constant noisey harangue by countless clueless fan boys and others who have little idea of what they are all shouting about. Mike Hearn, a core developer says for this reason and the above reason the core developers have quit developing; 3) This is the big reason that pretty much dominates all other factors: The power and control in Bitcoin is in the few hands not of core developers nor Bitcoin holders but of the most important actors in Bitcoin - those who verify transactions - the shrinking number of miners and even smaller number of mining pool managers. These are the very small number of people who have total veto power on any change to Bitcoin and they have tens of millions of dollars invested so they would never allow a change or improvement such as Proof-of-Stake which would be better for Bitcoin holders but would devastate the power and wealth of the small handful of centralized miners and their mining pools.
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Great to have all news in one place! There is so much development going on in Peercoin, I never regretted buying at higher prices that where PPC is now.
I think also that the fixed minting reward, which Sunny plans for PPC 0.5, will be a big improvement for small PPC holders like me. Anybody with less than 1000 PPC or so will profit from the upgrade, and receive a higher reward for running the client 24/7. That should make the network even more secure than it is now.
Yes, there is really a lot of development going on in Peercoin. In addition to the fixed minting you mentioned there is Peershares, Peerunity, Peerbox, Nubits, cold-locked minting and sidechain research - not to mention some secret projects. Peercoin is the most innovative of the established cryptos.
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Thanks for putting in the extra Sunny King interviews. At some technical points he can say so much with so few words. He expresses the simple fundamental essence of the complex dynamics that exist deep in the heart of cryptos better than anyone else I have read. It is the mark of world class genius.
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Added several of Sunny King's interviews under Core Development.
Thanks for putting in the extra Sunny King interviews. At some technical points he can say so much with so few words. He expresses the simple fundamental essence of the complex dynamics that exist deep in the heart of cryptos better than anyone else I have read. It is the mark of world class genius.
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POS faces huge challenges in centralization. For example, the Ethereum crowd founding that was started and canceled earlier in the year, was going to keep a large chunk of Ether for the Ethereum Foundation while employing a POS algorithm. Since the Ethereum Foundation held the largest share of Ether, they necessarily would own 100% of Ether in time
This is a great point. You might want to subscribe to the Youtube channel. I hope to produce videos on some of the major attack vectors to POS (bribing large stakeholders, nothing-at-stake minting on multiple blockchains, long-distance attacks using addresses that used to hold coins, etc.) in future videos. This does not seem like a great point or even a good point to me. No matter what your ownership percentage it will not increase nor decrease only because of Proof-of-Stake design. Proof-of-Stake is inherently decentralizing by design. In contrast Proof-of-Work design is inherently centralizing.
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Excellent interview!
Sunny King is a genius.
Now, I want to buy Peercoin.
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Excellent Newsletter!
Full of information. Really a lot!
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this thread cracked me up.
I agree: this thread is hilarious!
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Great video!
This might be the best video yet for explaining cryptos.
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He has a subtle and understated manner about him:
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And, here is his female! She is completely submissive and obedient to him and only him!
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Here he is!
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