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Author Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency  (Read 681653 times)
Yurizhai
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April 30, 2013, 06:06:02 AM
 #1061

Where's my chip chip? Tch tch tch! Cmon out out.
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The forum strives to allow free discussion of any ideas. All policies are built around this principle. This doesn't mean you can post garbage, though: posts should actually contain ideas, and these ideas should be argued reasonably.
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Sunny King
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April 30, 2013, 06:19:34 AM
 #1062

It's a lot more complicated than that I think. A lot of you appears to think that by switching a name then we can take on bitcoin. It's not so simple. The name appears to be an easy blame right now. Think about it, bitcoin has almost 4-year lead on us, litecoin almost 1-year lead. We have only 10% user base of litecoin right now.

Yes we have innovative technology and bring a message of energy efficiency (eco-friendly) I bet many bitcoiners already know this. Still the retail acceptance is low. Why? Most retailers don't care if we are eco-friendly, that we have different technology, they only accept what a lot of people have asked about.

I suggest many of our new enthusiastic users begin making some effort to talk to your favorite bitcoin accepting stores and promote the idea of supporting new innovations, supporting environmental responsibility. I believe within a year the cryptocurrency community would be much more open-minded to competing currencies rather than being defensive of bitcoin. But it takes time. Instead of just pushing me to change names, which is a false shortcut in my opinion, and I think it could turn out very disappointing than you would have imagined. So far only one altcoin team attempted name change, that is solidcoin, and turned out to be a disaster. The whole project basically collapsed afterwards.
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April 30, 2013, 07:13:28 AM
 #1063


I have a lot invested into the success of PPCoin and I want everything that can be done to increase the odds of success.


You mean you've hoarded shitload of coins and want them to appreciate in value to become filthy rich with near zero effort? Wink

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romerun
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April 30, 2013, 07:29:25 AM
 #1064

I'm fine with the name. People have already recognized it. Probably easiest coin name to remember out there. Doesn't sound scammy as ByteCoin.
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April 30, 2013, 08:03:56 AM
 #1065

Take for example Kum -n- Go gas stations.
lol, I almost felt from my chair Cheesy
But I think it isn't the best example, never heard of it Tongue

I myself think you underestimate the importance of good branding, Eco-Coin with a nice matching logo and good informative website probably will gain a lot more users than it would cost. Eco is hot, and could get it adopted by people outside the btc community.  Wink

PPcoin isn't a name that bothers me, but it surely doesn't represent the coins most important future.

BTC: 1MifMqtqqwMMAbb6zr8u6qEzWqq3CQeGUr
LTC: LhvMYEngkKS2B8FAcbnzHb2dvW8n9eHkdp
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April 30, 2013, 11:11:11 AM
 #1066

I want to make a pool for PPCoin, the exchanger and the stock exchange.

Is there a source?

I believe that the undivided hegemony coinotron.com must come to an end Smiley

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April 30, 2013, 11:16:14 AM
 #1067

Take for example Kum -n- Go gas stations.
lol, I almost felt from my chair Cheesy
But I think it isn't the best example, never heard of it Tongue

I myself think you underestimate the importance of good branding, Eco-Coin with a nice matching logo and good informative website probably will gain a lot more users than it would cost. Eco is hot, and could get it adopted by people outside the btc community.  Wink

PPcoin isn't a name that bothers me, but it surely doesn't represent the coins most important future.


lol yeah it was the most obnoxious example I could think of ;o)

http://kumandgo.com

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April 30, 2013, 11:17:36 AM
 #1068

Personally I'm okay with the name. I like to call them Uncle Pep Pep coins.

But it seems SO many are not.

I understand re-branding is not something to be done lightly, but I do think it is possible and could have benefits, especially if it came with something like a mint while encrypted for casuals update.

Honestly I'm too new here to be talking shit, I just want the best for Pep Peps, and I feel like no one talks about it even though it is number 3 or whatever.

I understand that there are a lot of risks associated with re-branding, but we are still so early into the game that its the best time to do so if we choose to brand. Something like PTP to emphasize the Peer to Peer would be alright as well.

I would much prefer to brand our coin and differentiate ourselves by emphasizing the major attraction of our coin, that it is the FIRST long term energy efficient crypto currency out there. People will eventually get coin fatigue in the future and there's going to be so many different coins out there. And more coming out in the future.

Sunny, your statement of "our central marketing message from the beginning. But I think, peer-to-peer (i.e. decentralization) is the main innovation of cryptocurrency, having it in the name shouldn't be such a bad thing." is only good if there is only one coin in existence. But there are so many different flavors of coins out there. People already associate Bitcoin with P2P.

We have a super crazy awesome unique selling point and that should be the strength that we market.

Something like ECOCoin will immediately tell them that we are ecologically friendly and that sets us apart. Peer-To-Peer does nothing to differentiate us from the other Bitcoins because they are all Peer-To-Peer (that's the nature of Bitcoin itself). People will think....ECO and step back and think....wait a second....how?

(bolded by me for emphasis).

Yes I agree completely - I started a discussion about this here: (I actually propose launching a new coin called Ecocoin based on PPC)
https://bitcointalk.org/index.php?topic=190791.0
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April 30, 2013, 12:42:54 PM
 #1069

I'm fine with the name, it's one of two names that are not boring, the second being BBQCoin Grin
So really people who find these urination associations funny should feel worried about their sense of humor.
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April 30, 2013, 03:49:06 PM
 #1070

well, name speculations aside, I have a technical question.

I'm studying PPC code for a long time now [thank you Sunny for all explanations],
but cant find any reason for 520 confirmations for every mined block, especialy POS.

can anybody explain move from 120 to 520?

fuck deeponion, fuck bitcoincash, all glory to one BITCOIN
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April 30, 2013, 04:10:40 PM
 #1071

Changing the name to Eco or Enviro type stuff would merely be misleading, trying to draw attention away from the same old enrgy-wasting mining that all the other coins do, with a dash of PoS thrown in to make it possibly, if actually done right and it works, more secure.

If you want an Eco or Enviro coin, clone Ripple.

( See https://bitcointalk.org/index.php?topic=191789.0 )

-MarkM-

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April 30, 2013, 04:12:38 PM
 #1072

Changing the name to Eco or Enviro type stuff would merely be misleading, trying to draw attention away from the same old enrgy-wasting mining that all the other coins do, with a dash of PoS thrown in to make it possibly, if actually done right and it works, more secure.

If you want an Eco or Enviro coin, clone Ripple.

( See https://bitcointalk.org/index.php?topic=191789.0 )

-MarkM-


I think the environmental aspects would need to be peer reviewed in a scientific way, as to the actual consumption of power by the machines used to mine it compared to if they mined other coins.
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April 30, 2013, 04:15:16 PM
 #1073

No, because mining is from the get-go just wasteful.

Create 100 billion Ecos, give them to eco/enviro charities initially, then people can earn them by doing stuff the charities want done (and are willing to pay in these new coins that were donated to them to get done).

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April 30, 2013, 04:48:18 PM
 #1074

Sure I'd be willing to donate 100 billion Etlase credits to myself and pay people with them to do work for me. Don't know why I'm not getting any takers though. Tongue

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April 30, 2013, 05:00:10 PM
 #1075

Sure I'd be willing to donate 100 billion Etlase credits to myself and pay people with them to do work for me. Don't know why I'm not getting any takers though. Tongue

Actually this will work, ripple are doing it right now; just make a fancy website and appeal to some idealistic people and BAM! Your 100 billion ripples Etlase credits are suddenly worth real money and you can use that to fund all your development!
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April 30, 2013, 06:32:58 PM
 #1076



If you truly believe the name is causing us to lose market, I'd say the evidence is to the contrary. Just one month ago we were still in a close match with devcoin, terracoin, novacoin etc. Apparently the market has decided the name was either not that bad or didn't matter and now we are #3 even ahead of namecoin.


I agree.

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April 30, 2013, 07:18:07 PM
 #1077

FYI, another SR like market called 'FreeMarket' is in the works and is planning to support ppcoin:

http://pastebin.com/qq3cPcfC

Courtesy of FreeMarket team:
Quote
We would like to take this opportunity to announce that The FreeMarket is being launched within 6 weeks (June 12th 2013).

Following months of planning and development we shall be launching the latest online marketplace that is 100% crypto-currency focused. We currently have integrated Bitcoin, Litecoin and PPCoin. Although hidden on the TOR network for privacy and anonymity reasons we are not entirely focused on the contraband market, however The FreeMarket will only restrict sales of the following items;
•   Firearms.
•   Chemical Weapons.
•   Weapons of Mass Destruction.
•   Child Pornography.
•   Any item designed to cause harm to another human being.

Users have the option to "opt-out" of viewing any of the listings that are classed as contraband in many countries.

Accessibility

Our initial thought was that by providing a hidden tor service, it would immediately restrict the amount of people we could attract to the site so to address these issues we shall be releasing a modified version of the TOR Browser that automatically loads The FreeMarket upon startup. This modified browser will be shared by Torrents and the source code will be freely available for examination by everyone.

We have also started to develop "The FreeMarket" Android app that will incorporate TOR connectivity without the need of running any other third party software to make the app functional.

Vendors

Vendor accounts are available for a $10 refundable deposit. The deposit is refunded automatically upon the vendors feedback rating reaching 10.

Vendors have the option to peg their listing against the USD to protect against any drop in the exchange rate of BTC/LTC/PPC.

Vendors can choose which Crypto Currencies they wish to accept for their listings.

Vendors also choose which fiat currency they wish to set the price of the item using. The buyer will see the price of the item in their chosen default currency.

Vendors can set their default refund policies and early finalization policies to save time when creating new sales listings. These can be edited for each item if required upon creation of the listing.

Vendors can offer up to 5 different shipping options and also list up to 5 shipping exclusions.
 
Upon receiving an order the vendor is presented with all the information about the buyer so they can make an informed decision as to whether they wish to request early finalization, accept with additional terms (Buyer will be requested to accept these terms), accept the order  or reject the order.

Early finalization can be completed in a percentage and not in full, no vendor or product feedback is required to be given until the item has been shipped and the escrow balance has reached its final destination.
Vendors can also add shipping discounts and product discounts. Upon the discounts being set the buyer is refunded the difference from the escrow balance automatically.

Fees are set at 5% of the total order value completed through the escrow process.

Buyers

Buyers can make informed decisions on which vendor they wish to use, all product details are included in the listings including any refund policies, early finalization policies, and product feedback from other buyers and which crypto-currencies the vendor will accept.

Buyers can cancel their order at the click of a button if they do not wish to accept additional terms set by the vendors. If a vendor requests part or full early finalization of an order, the buyer will be notified through their inbox, buyers are also notified of any discounts added by the vendor directly to their inbox with the discounted amount being refunded directly to the relevant crypto-currency balance.

Feedback

The  FreeMarket offers two separate feedback systems, one for the vendor and another for the purchased product.

All feedback ratings are a maximum of 140 characters long (just like a tweet).

Feedback does not have to be completed until the item has been shipped and the escrow balance has been finalized.

Product feedback will remain with a listing until the listing has been permanently deleted by the vendor. If a vendor becomes out of stock on a product they can deactivate the listing until they have more stock available to ensure they keep all previous product feedback.

Vendor feedback is there to provide an insight to a potential buyer as to what dealing with each particular vendor is like.

Feedback scores are set as +1 for positive feedback, 0 for neutral feedback and -1 for negative feedback.

Escrow

All orders are made through our onsite escrow service, the buyer can finalize the escrow balance in full or in part before the item is shipped at the request of the vendor.

Escrow disputes are something we wish to avoid to ensure both the vendor and the buyer has a great experience using The FreeMarket, however in the real world disputes do and will always happen. When a dispute occurs that cannot be settled between the buyer and the vendor, we shall follow the terms agreed to at the time of purchase, these terms are set out clearly by the vendor and displayed throughout the buying process. Buyers have the free will to decide themselves if they believe the terms offered by the vendor are to their satisfaction. If they are not, do not use the vendor. We understand that not all policies will cover every scenario and should the dispute require moderation, The FreeMarket will always be fair to both parties after reviewing each case separately.

Financial Exchangers

Not everyone has the knowledge on how to use the mainstream crypto exchanges and some people like simplicity, we have a section of the marketplace dedicated to financial exchanges. All crypto-funds being promised by an exchanger or buyer will be required to be placed into escrow. The vendor/exchanger can set their additional commission at the time of the listing being made to ensure the amount of currency being offered for exchange doesn't need changing every time the crypto exchange rate changes. No percentage fees are added by The FreeMarket on completed exchanges, a $2 listing fee is the set price for each listing made by an exchanger.

Service Offerings

We are currently developing a section of the marketplace that is solely focused on service providers and freelancers to ensure the core marketplace doesn't become full of people offering services. All service offerings have the option to use our onsite escrow service to ensure security for both the provider and the purchaser.
This section is still under active development at the time of writing and more details will be released once a final decision has been made.

Gaming

The FreeMarket will include an official onsite lottery, each ticket will be sold for $1.00 (or the equivalent based on the buyers default currency). To enter the lottery you can pick 4 numbers between 1 and 35. Every Sunday we will randomly request an individual number from random members once 4 unique responses have been received, the winners will be notified and will received an equal share of the jackpot. In the result of no winners the jackpot shall roll over to the following Sunday. No commission is charged or taken from the jackpot fund in the lottery.

Support

We have enough team members and developers to provide constant 24/7 support.

Security

Security and confidence is the most important factor when it comes to sending crypto coins anywhere. That is why we have implemented several security features in the back-end of The FreeMarket to ensure that if any vulnerability are discovered and exploited by someone with ill intent, damage is confined and recoverable.

We could launch the site 2 weeks earlier than planned but we wouldn't have time to test all aspects of the website and its security features. We will not launch early just to get launched for the sake of launching either early or on time without all of our testing being completed.

There is not a single wallet held on our webserver, they are all held on separate servers to ensure the highest possible level of security for everyone’s coins.

We fully understand that most websites are not perfect, so to ensure that if vulnerabilities are discovered they get reported to us, we shall be offering high bounties and a hall of fame listing to anyone that finds vulnerabilities or major bugs within our systems. These bounties are set based on the level of the vulnerability found and the potential consequences. We will have a mirror of the website with dummy data listed for people to attack at their leisure to try and discover vulnerabilities. Anyone wanting to obtain the .onion address for the testing site you can request this information through our support system on the main website.

For peace of mind we suggest that you do not keep large balances on you FreeMarket account until you have established trust of both our systems and The FreeMarket team. We understand trust and respect is not a given it is something that we must earn over time.

Auction Listings (Future)

We have plans to implement further modules to The FreeMarket including an Auction marketplace, we shall only implement this feature once we have enough traffic to make it a viable option for vendors to list items on an auction basis.

Conclusion

We look forward to providing a new marketplace platform for both existing and new members of the crypto community, we are also more than happy to answer questions and receive feedback both positive and negative. If you have any suggestions as to features we should offer then please feel free to let us know.
We shall keep everyone informed of the changes to the launch date and changes to the functionality of the website.

thefreemarket@tormail.org
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April 30, 2013, 10:08:46 PM
 #1078

Hah, that's great news! More markets like Silk Road can only be a boon, especially since they've had their hands full recently. These next few months are going to be very interesting, flurries of new coins and a hyped up market, there's no end to this crpytocoin gravytrain.

I'm going to look into this new free market. Thanks for the word Sunny.
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April 30, 2013, 10:40:25 PM
 #1079

I want to make a pool for PPCoin, the exchanger and the stock exchange.

Is there a source?

I believe that the undivided hegemony coinotron.com must come to an end Smiley

https://ppcoin.d7.lt/
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April 30, 2013, 10:42:48 PM
 #1080

whats a good PPC pool to mine on ? Roll Eyes
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