[ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency

[Nate1]

Does anyone has website building experience? (I don't :/ )

[1714501402]

1714501402

[irritant]

Does anyone has website building experience? (I don't :/ )

yes I do, but it is a little bit rusty

[Nate1]

http://i846.photobucket.com/albums/ab22/1973mb1973/eb0c2ff56fb5d0433e370406ce48b5f4_zps80dfe9a1.jpg

Looks nice, but IMO it seems a bit empty. I like what they did with the website of worldcoin: http://worldcoin.in/  More info on the front page, nice outline. It's made with WordPress.

[Sunny King]

Home page forum link now points to ppcointalk.org

I will still post here most of the time but I will also visit ppcointalk.

[just_me]

 ha ha hah ahahah ah haha ha haha haha hah ahahahahahahah h!!j 09u 4m

[Jimmy2011]

Time will tell it.

As the increase of ASIC power, by the end of the year, all GPUs will escape from mining BTC, and part of GPU will go to LTC, and part of GPU will come to PPC. On the other hand, the present ASIC toy, saying 300 MHPS usb and 5GHPS BFL and other FGPA, must adopt PPC. So after half a year, PPC will be exposed more.

[unvoid]

If there is really deep need for webdev I can cut PSD and integrate it with current website.

All I need is green light from SK, some PSD and copy of current website with database (of course without any sensitive data) so I could run it in localhost.

Or I can just take PSD and integrate it with raw CodeIgniter installation (if not counting http://www.ppcoin.org/bitaddress URL, rest of them points to external sites so there is really not a lot of work here if we're talking just about GFX)

Let me know.

[ilostcoins]

I have some newbie questions about prove of stake. Hope people don't mind.

Does the wallet balance automatically increase over time? Gradually? Once a year? Every time you start the official wallet? Every time you transfer fund?

I gathered POS also involves computations that help secure the network (putting new entries into the blockchain?). When is that done? Every time you realize the POS gain?

Thanks. 

[unvoid]

I have some newbie questions about prove of stake. Hope people don't mind.

Does the wallet balance automatically increase over time? Gradually? Once a year? Every time you start the official wallet? Every time you transfer fund?

I gathered POS also involves computations that help secure the network (putting new entries into the blockchain?). When is that done? Every time you realize the POS gain?

Thanks.  

There was many of POS explanations

[Sentinelrv]

Ok, I need help in my search. Does anyone know any place at all where I can get free graphic design work done for the ppc logo? It seems nobody I know is willing to help me without payment first. The problem is that I don't want to spend a bunch of money on having a logo designed that might not even be used in the end as everything posted here is just a concept until we vote on them. I'm trying to move this forward so we can get the logo and website done so we can start advertising. I'm just having a hard time trying to find somebody that can help.

[Sunny King]

Currently the website consists of just a home page (a bunch of links with some icons) plus a faucet app (a market app is coming). The apps do not need to be migrated for the switch. So really no need to fork from the official site. To demonstrate alternative homepage style I would recommend using a heroku free account for testing (so no extra hosting cost).

ppcoin.org currently uses django with heroku. If the new candidate style is also presented in django then it should be simple for me to integrate, but if not I could still switch dns to the new style page.

If there is really deep need for webdev I can cut PSD and integrate it with current website.

All I need is green light from SK, some PSD and copy of current website with database (of course without any sensitive data) so I could run it in localhost.

Or I can just take PSD and integrate it with raw CodeIgniter installation (if not counting http://www.ppcoin.org/bitaddress URL, rest of them points to external sites so there is really not a lot of work here if we're talking just about GFX)

Let me know.

[dcl595]

try 99 designs, post a bounty on there, quality will depend on the amount offered... maybe worth a shot though

[mhps]

Sorry to interrupt coin and website design topics. I have some questions on the long term economy/viability of PPC.
I have read this thread https://bitcointalk.org/index.php?topic=120097.10  and would like to know more.

Why there is a 30-day waiting period before generating PoS (interest) ? Is this intentionally put there to set apart coins in "checking account" (for circulation and spending) and "saving account" (for generating interest) ?

The ppcoin-paper doesn't say how PoS minting difficulty  is determined. Does the PoS minting difficulty have a one-to-one relation with the "interest rate" (1% currently)? Will the "1% figure change once the PoS minting difficulty changes?

With fiat currencies we have seen that interest rates have great influency on the economy.  How do the waiting period, interest rate, and PoS minting difficulty affect PPC ecnonomy, and long term viability of PPC? Can somehow let the market determine these numbers (30 day, 520 blocks, 1% ...)?

[TheSeven]

Sorry to interrupt coin and website design topics. I have some questions on the long term economy/viability of PPC.
I have read this thread https://bitcointalk.org/index.php?topic=120097.10  and would like to know more.

Why there is a 30-day waiting period before generating PoS (interest) ? Is this intentionally put there to set apart coins in "checking account" (for circulation and spending) and "saving account" (for generating interest) ?

Not sure if that was the intention, but it is the effect at least. Might also have some security background.

The ppcoin-paper doesn't say how PoS minting difficulty  is determined. Does the PoS minting difficulty have a one-to-one relation with the "interest rate" (1% currently)? Will the "1% figure change once the PoS minting difficulty changes?

Proof of Stake difficulty is determined in a way that ensures that one block is found roughly every 10 minutes. I don't remember the exact algorithm right now, but it behaves fairly similarly to bitcoin's proof of work difficulty.
The 1% figure is constant for any significant amounts of coins. When you find a proof of stake block, the reward is calculated to be 1% of the chosen coins multiplied by the time that they haven't moved in years. If the amount of coins that you hold is small enough to not generate a proof of stake block before you move them again, you might not get any proof of stake reward though.

With fiat currencies we have seen that interest rates have great influency on the economy.  How do the waiting period, interest rate, and PoS minting difficulty affect PPC ecnonomy, and long term viability of PPC? Can somehow let the market determine these numbers (30 day, 520 blocks, 1% ...)?

Not with the current design at least. But remember that bitcoin (and also ppcoin) is all about deregulation to allow for predictable conditions. It's an all different philosophy compared to how the "fiat world" works, based on the assumption that not completely predictable changes in those conditions might cause more harm than the regulation prevents in the first place. Whether that is viable in the long term remains to be seen...

[mhps]

At least I mine and buy PPC because I think the PoS idea is interesting. But on the other hand I feel if PoS is the dominant idea why everyone is having PPC, then all the PPCs will be sitting in the wallet idling. That can't be good.

The transaction fee of PPC is destroyed so that miners will cooperate better. Isn't this like destroying wealth, or driving with the handbrake on? Why not use traction fee to fund PoS reward? The velocity of money is correlated to the intensity of economic activity which hopefully create wealth. If the transaction fee funds PoS it is like paying bonus to the participants of PPC economy.

[Remember remember the 5th of November]

At least I mine and buy PPC because I think the PoS idea is interesting. But on the other hand I feel if PoS is the dominant idea why everyone is having PPC, then all the PPCs will be sitting in the wallet idling. That can't be good.

The transaction fee of PPC is destroyed so that miners will cooperate better. Isn't this like destroying wealth, or driving with the handbrake on? Why not use traction fee to fund PoS reward? The velocity of money is correlated to the intensity of economic activity which hopefully create wealth. If the transaction fee funds PoS it is like paying bonus to the participants of PPC economy.

Yeah, PoS is indeed very interesting but it endorses the idea of keeping your coins and never moving them.

[romerun]

same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

[detail3]

same as getting interest in bank, if we don't have to eat, we better leave everything in bank, but bank interest is so low that we might just want to take the saving out and flip it on some businesses, contributing to the economic growth as a whole.

This is my take on the whole idea of people hoarding.  The percentage earned from POS is relatively low compared to even a 'risk free rate' that you could earn in the market.  In a savings account is no place for money to stay long term.  You have to learn to let your money work for you. 

[Remember remember the 5th of November]

Ok, wait a minute. When PPCoin was first released, I bought a few K coins, and when a month passed, I had generated two PoS blocks with around 900 coins each. I look at a PPCoin blockexplorer, and most PoS blocks are less than 1 PPcoin. Has something changed that I don't know?

[Sunny King]

Ok, wait a minute. When PPCoin was first released, I bought a few K coins, and when a month passed, I had generated two PoS blocks with around 900 coins each. I look at a PPCoin blockexplorer, and most PoS blocks are less than 1 PPcoin. Has something changed that I don't know?

The generation (mint) is typically less than 1 coin. 900 coins are your stake amount.