Why isn't Peercoin more popular?

[mxa]

Peercoin is the cryptocurrency that introduced proof of stake, that proved to be a successful idea. One may think that it would be the most successful proof of stake coin, because it has time to its advantage, but it tends to rank around 11 or 10 in market capitalization. Why?. What do you think of Peercoin? Why are you using or not using it?.

Share your thoughts.

[Hollowman338]

Peercoin is the cryptocurrency that introduced proof of stake, that proved to be a successful idea. One may think that it would be the most successful proof of stake coin, because it has time to its advantage, but it tends to rank around 11 or 10 in market capitalization. Why?. What do you think of Peercoin? Why are you using or not using it?.

Share your thoughts.

Because there are better cryptos now.  We're not all driving original Ford Model T's now are we?

[mxa]

Peercoin is the cryptocurrency that introduced proof of stake, that proved to be a successful idea. One may think that it would be the most successful proof of stake coin, because it has time to its advantage, but it tends to rank around 11 or 10 in market capitalization. Why?. What do you think of Peercoin? Why are you using or not using it?.

Share your thoughts.

Because there are better cryptos now.  We're not all driving original Ford Model T's now are we?

Ironically, yes, we are, and it is something older and less technologically advanced (If that is what you mean by “better”) than Peercoin: Bitcoin (the Model T of cryptocurrencies) is by far the most popular cryptocurrency and the topic of this forum.

Also, your analogy is flawed because network effects don't affect cars nearly as much as they affect currencies.

[Hollowman338]

Peercoin is the cryptocurrency that introduced proof of stake, that proved to be a successful idea. One may think that it would be the most successful proof of stake coin, because it has time to its advantage, but it tends to rank around 11 or 10 in market capitalization. Why?. What do you think of Peercoin? Why are you using or not using it?.

Share your thoughts.

Because there are better cryptos now.  We're not all driving original Ford Model T's now are we?

Ironically, yes, we are, and it is something older and less technologically advanced (If that is what you mean by “better”) than Peercoin: Bitcoin (the Model T of cryptocurrencies) is by far the most popular cryptocurrency and the topic of this forum.

Also, your analogy is flawed because network effects don't affect cars nearly as much as they affect currencies.

Long story short you're betamax.  I'm sorry for your loss.  No one will ever adopt your shitcoin.

[kjadB]

Peercoin is the cryptocurrency that introduced proof of stake, that proved to be a successful idea. One may think that it would be the most successful proof of stake coin, because it has time to its advantage, but it tends to rank around 11 or 10 in market capitalization. Why?. What do you think of Peercoin? Why are you using or not using it?.

Share your thoughts.

Peercoin is fine IMO. Ranked just outside CMC top 10 with Sonny King as the dev .... that's not a shitcoin. Guys like Hollowman338 should read more and write less. Until he does he's just a small time dude with a loud mouth and too much time on his hands. Those who do some research will know PPC has a good chance of making it.

1- quality dev
2- community respect for innovation
3- longevity

[K210]

Out all of POS coins ppc is most established, in the future if people start moving away from pow then peercoins price and community will explode. For the time being peercoin is a "sleeping coin" waiting for its chance to shine.

[JackRipper]

Out all of POS coins ppc is most established, in the future if people start moving away from pow then peercoins price and community will explode. For the time being peercoin is a "sleeping coin" waiting for its chance to shine.

Possible, but doubtful. Those who are first are rarely very successful. It's usually the copycat who is most successful.

[troglodactyl]

Peercoin is the proof of concept for POS, just as Bitcoin is the proof of concept for Cryptocurrency in general.  There are better systems than either out now, but Bitcoin has substantial network effect edge, and Peercoin doesn't.

[choochimil]

People are drawn to the latest shiny coins, whether they are any good or not.

[Melbustus]

Peercoin is the cryptocurrency that introduced proof of stake, that proved to be a successful idea. One may think that it would be the most successful proof of stake coin, because it has time to its advantage, but it tends to rank around 11 or 10 in market capitalization. Why?. What do you think of Peercoin? Why are you using or not using it?.

Share your thoughts.

Because there are better cryptos now.  We're not all driving original Ford Model T's now are we?

Ironically, yes, we are, and it is something older and less technologically advanced (If that is what you mean by “better”) than Peercoin: Bitcoin (the Model T of cryptocurrencies) is by far the most popular cryptocurrency and the topic of this forum.

Also, your analogy is flawed because network effects don't affect cars nearly as much as they affect currencies.

Network effect doesn't just happen because something is a currency. There's a threshold. Bitcoin is really the only coin to have even arguably crossed a threshold in terms of adoption which leads to a sustainably self-fulfilling network effect.

The alt-space is totally different. ALL alts are effectively penny-ante experiments; tiny projects, such that any lead can easily be squashed by the next guy. Fundamentally, this is why the alt space is an embarrassing mess as far as "investment" goes.

[ObscureBean]

Well everyone is always looking for greener pastures lol. Most people in crypto wanna get rich quick, Peercoin has been around for a long time and no one is getting rich from it. Since it is unlikely that the price will suddenly spike and take everyone to the moon, people simply gradually move to newer coins that can keep their dreams alive  

[dzambodzetem]

Well everyone is always looking for greener pastures lol. Most people in crypto wanna get rich quick, Peercoin has been around for a long time and no one is getting rich from it. Since it is unlikely that the price will suddenly spike and take everyone to the moon, people simply gradually move to newer coins that can keep their dreams alive  

If so then bitcoin is probably going to die because people will move to a newer coins? Hmm.. I think bitcoin is already established enough to survive. Also preecoin wasn't recognizable and still isn't, where bitcoin is already knocking on doors of many virtual services, and is being recognized by people that usually don't give a crap about cryptocurrency

[ObscureBean]

Well everyone is always looking for greener pastures lol. Most people in crypto wanna get rich quick, Peercoin has been around for a long time and no one is getting rich from it. Since it is unlikely that the price will suddenly spike and take everyone to the moon, people simply gradually move to newer coins that can keep their dreams alive  

If so then bitcoin is probably going to die because people will move to a newer coins? Hmm.. I think bitcoin is already established enough to survive. Also preecoin wasn't recognizable and still isn't, where bitcoin is already knocking on doors of many virtual services, and is being recognized by people that usually don't give a crap about cryptocurrency

Bitcoin is different, it's in a league of its own, it is unlikely that it will fade away in this manner. Everything is relative to BTC, most coins don't have a dollar value per se, they have a BTC value. Cryptocurrency penetration into the real world is being built primarily around BTC. Peercoin was an attempt to bring something new to the table but it failed to hold the attention of people, unless the devs add some cool new features, it will remain a coin for die hard fans and bagholders.

[lucasjkr]

I thought peer coin was onto something as well, and at one point, actually with the release of prime coin (also a sunny king invention), I sought to diversify my crypto holdings and sold off a bunch of prime coins and bought lite coin and peercoin to hold along with Bitcoin. I still think that peer coin is arguably superior to bitcoin, but network effects, etc give Bitcoin a huge advantage.

I'm of the belief that neither Bitcoin, nor any other crypto, nor any other currency or payment method, is "perfect", but even if the most "perfect"coin ever was created, it wouldn't challenge Bitcoin, as there is too much vested interest in it at this point to allow any other coin to Replace it. Only caveat to that is if a nation created an alt coin and decreed it to be their official currency, that would force millions to use that coin and could cause the new coins usage, market cap etc to all exceed Bitcoin. But absent that, the vested interest is in bitcoin, even though it's trivial to make any application that supports Bitcoin to also support any number of altcoins at the same time.

[razen489]

Peercoin was popular because its one of the first coin that introduced POS and made it known to many.
There are alot of new coins out today that tries to address pressing issues... me-too coins of Bitcoin with different pow, block time, total supply, and such has shown that it cannot appeal or offset bitcoin.. one example Litecoin
while https://www.coingecko.com/en shows ppc at #9 in total score, it still has its place for now..

[K210]

Out all of POS coins ppc is most established, in the future if people start moving away from pow then peercoins price and community will explode. For the time being peercoin is a "sleeping coin" waiting for its chance to shine.

Possible, but doubtful. Those who are first are rarely very successful. It's usually the copycat who is most successful.

With that analogy altcoins should have overtaken bitcoin by now

[21coin]

Cause there are already a lot of shitcoins in the market for another shitcoin to take its place. Also whats wrong with bitcoin, that someone will change to another coin?

[kelsey]

Also whats wrong with bitcoin, that someone will change to another coin?

where to begin hmmm, an anon dev that holds a billion dollar bag  lets not even start on the XT v core battle, u ever actually use btc v other alts?

[21coin]

Also whats wrong with bitcoin, that someone will change to another coin?

where to begin hmmm, an anon dev that holds a billion dollar bag   lets not even start on the XT v core battle, u ever actually use btc v other alts?

First its 1mill bitcoin, not even close to a bill , XT vs core battle is already cooling down as you speak(write), and yes I do use other alts, but not as frequently as btc .
Oh and lastly, whats wrong with satoshi keeping them, he mined them when he invented it, or are you saying Edison shouldn't have made the profits when he invented(marketed) the light bulb.

[kelsey]

Also whats wrong with bitcoin, that someone will change to another coin?

where to begin hmmm, an anon dev that holds a billion dollar bag   lets not even start on the XT v core battle, u ever actually use btc v other alts?

First its 1mill bitcoin, not even close to a bill , XT vs core battle is already cooling down as you speak(write), and yes I do use other alts, but not as frequently as btc .
Oh and lastly, whats wrong with satoshi keeping them, he mined them when he invented it, or are you saying Edison shouldn't have made the profits when he invented(marketed) the light bulb.

i didn't say 1 bill bitcoin,

whats wrong lol

yes for showing us an alternative to the greedy bankers controlled fiat, who take billion dollar cuts, lets give him ummm a billion dollar cut  

whats wrong with it, well it kinda defeats half the purspose.

thats without even going into that big bag hanging over the whole system.


might work in this hero worship crowd, but anyone with half a brain in the world outside this forum wouldn't touch a currency by an anon dev who holds this rather large cut....its almost a no brainer.