Overall I like PPC, but my concern for long term investment COMPARED to Bitcoin is that PPC has no maximum coin cap.  Bitcoin's definite cap of 21 million coins makes it less prone to inflationary forces which can cause the long term price to trend lower.  Most fiat currencies have lost somewhere around 95%-99% of their buying value in the last 100 years, simply because there is no maximum currency cap and printing continues unabated over the decades.

Please consider adding I0coin.

With over 20 million coins mined and $.00706 per coin it has a market cap of $141,200 which puts it in a respectable 18th position on your list.

Vlad

If you look at the first page of this post you will see the following bounties have been offered.


   Ixcoin client update bounties
   ----------------------------
   Nasakioto   30,000 IXC   
   tazman      10,000 IXC   
   ayayay   "I can contribute Ixcoins to development"


Just add your name to the list if you're interested.

My vote is for I0coin too.  I know it's not on this list but maybe the next.

I0coin (I0C)

Benefits
    Zero premine
    80 second block times
    Total mined coins will be 21,000,000 coins
    High network hash rate (merge mined)
    Already implemented a fix for memory size problems inherent with large block chains

https://bitcointalk.org/index.php?PHPSESSID=8pmg1amol5m3fdao4jne4eo6d5&topic=276483.0

Getmininginfo (10/16/2013 17:43:03)
{
"blocks" : 922922,
"currentblocksize" : 0,
"currentblocktx" : 0,
"difficulty" : 2324832.90634019,
"errors" : "",
"generate" : false,
"genproclimit" : -1,
"hashespersec" : 0,
"pooledtx" : 0,
"testnet" : false
}

Here's a thought.  Instead of using the latest Bitcoin version with the new database as your starting point, why not use the last Bitcoin version BEFORE the database change (I think that was 0.7.2).  If it's the new database changes that you're stuck on then worry about that upgrade later.  Using Bitcoin 0.7.2 would allow the merge mined cryptos to at least come close to current.  Some haven't had client updates since 2011! 

I agree.  We need to keep some SHA-256's.  Too much scrypt is just as bad as too much SHA-256.  Besides you can't merge mine with scrypt... yet.

Eu nunca tive um problema com Vircurex.

Posso comprar peixe com BBQ?

Sim, interessante.

It works!  Thanks.

Sounds like a good plan.  Did you use Bitcoin 0.8.2 as the baseline?

Yes, I believe that's the latest.

Latest client and source should be at http://ixcoin.org/

I like the merged mining.  I'll add 10,000 IXC to the bounty for the Ixcoin client upgrade.

It's a good idea so it will probably happen eventually, but Bitcoin won't be the first.  It adds too much additional info to each block.  Block chain size will grow much faster.  Plus there may be unforeseen  security issues in the beginning.  I'd guess a new coin may be needed to prove itself before existing cryptos will add it. 

I think altcoins are not only valuable but necessary for the Satoshi experiment to be successful.  Since the first few alt-coins appeared it dawned on me that Bitcoin will never be the lone Sathoshi crypto currency.  For the same reason that Bitcoin has flourished to the chagrin of fiat currency advocates, so will alternate crypto currencies to the chagrin of some Bitcoin advocates.  It’s relatively easy to start a new crypto, so there is no way to stop a constant parade of altcoins.  This is actually a positive result because we won’t be putting all our Satoshi eggs into one block chain.  Any attack on one crypto currency has no direct effect on the others.  The Satoshi currency pool as a whole becomes much more resilient since they present numerous targets, each with different protection schemes.  Then there is the issue of transaction volume.  Bitcoin by itself may never be able to handle the transaction volume of a fiat currency, but a pool of crypto currencies will.

This begs the question of whether an endless supply will ultimately doom the whole Satoshi crypto currency experiment to a price spiral into the abyss.  What prevents an oversupply?  The answer is the same as for anything else which is traded.  Market forces will control the number of variants, and eventually produce a crypto currency supply equilibrium. 

The details are not easy to predict, but I suspect it will go something like this.  An essentially constant stream of new crypto currencies will appear from this point forward.  Some will be clones of existing ones to provide added transaction bandwidth.  Others will provide new features.  However, only a limited number will become widely adopted by the general public.  Look at fiat currencies.  There are about 200 of them, but the vast majority of commerce on the planet occurs in just a half dozen or so fiats.  We will see the crypto currency majors, minors and then “the others”.  The exact number of each is hard to say, but I would think somewhere in the range of 10-20 majors and another 15-30 minors may be a good guess.  Then dozens of others will constantly vie for entry into the higher ranks.  It may take 15-25 years to get to equilibrium, where a large percentage of world population uses crypto currencies regularly.  As with any new technology, it takes time to reach a critical mass.  It also takes time for the technology to work through its early deficiencies.

Finally, we have truly deserving currencies entering the world currency competition.  The fiat currencies have offered poor choices, where even the best are highly controlled and inflated.  The upcoming crypto currency competition will be relentless and fierce.  It will ensure only the most innovative, secure, and user loyal cryptos will retain the highest ranks.  Attempts to control them will be futile since many alternatives will be waiting in the wings to take their places if the public loses faith in any.  Fiat currencies will compete as well, but they will need to curb their inflationary ways considerably to have any hope of surviving as major currencies. 

We can also think about the number of crypto currencies from the perspective of the users and suppliers.  It is not realistic to say an endless number can be maintained simultaneously.  You would need a client, miners and a block chain for each one.  If we consider miners, they want to mine coins which will be worth the cost of mining, either now or in the future.  Once we get to an adequate number of cryptos to meet the transaction volumes, a new crypto will need to offer something unique and superior to what is already available.  Otherwise, it will not be able to attract the miners to support it.  I doubt a thousand or even a hundred crypto block chains will be viable long term.  It just won’t pay for a miner to continue wasting time and money on something which isn’t going to be adopted by a sizable number of users.  The same goes for the client developers.  The miners and developers must be coordinated and persistent in their support for many years if the currency is to survive.

From the user’s perspective, they don’t want to maintain dozens of clients just to go about their daily business.  They will most likely choose a few crypto variants based on what they buy and what vendors will accept.  In the end, there will be a market agreement on which cryptos will be the standards.  Over time the pool of standards will evolve.  Market forces will remove those currencies which have not lived up to their potential and new ones will be added. 

What about someone who chooses to put their money in a crypto which loses all its value?  Well, it’s a bit like choosing stocks.  There’s no guarantee your choice will always pay off, but keeping your funds in the majors will generally be the safest bet.  The key is that you have a choice.  In the case of fiat currencies, a citizen of a given country has almost no choice which currency to use for their daily transactions or for salary payment.  I would prefer having choices any day over having none.

In summary, we cannot think of Bitcoin as the only true crypto currency.  We need to think of the Satoshi crypto currency pool as a whole.   It has ushered in a completely new payment and value store option which will benefit the world tremendously.  There will be teething pains, but the long term result will be more stable currency markets and, for the first time, a real choice of currencies for the citizens of the world.  It will allow people to make their own currency choices unlike ever before.

        
Sim, eu concordo.

majQa'

Scary!

tlhIngan maH!  peDoghQo'