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

[vindimy]

Please upvote and/or comment in the Reddit thread linking to the announcement. Thanks!

http://www.reddit.com/r/ppcoin/comments/1h7cbu/great_news_ppcoin_is_about_to_get_a/

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[vindimy]

I'd be great if we could move past the logo design debate sometime within the next year or two.

Sure thing! All you have to do is design a logo that's likeable by majority! Go ahead and let us know when you have one ready, thanks!

[gabbynot]

I'd be great if we could move past the logo design debate sometime within the next year or two.

Sure thing! All you have to do is design a logo that's likeable by majority! Go ahead and let us know when you have one ready, thanks!

Sounds good; I'll just add mine to the long list. 

I've spoken to tons of people about PPC, but they're not quite 100% convinced it's the cryptocurrency for them.  A better logo would surely push them over the edge, so I completely understand the need for perfection on this.

[Sunny King]

Let's be constructive and respect other community members' effort. I certainly appreciate Sentinelrv and other donators contributing time and resource to get a better logo designed. Everyone has their own strength, so let's be positive and concentrate on what one can do to help the community grow, rather than discouraging other people's work. Yes talking to others about ppcoin innovation helps too, so you are also doing the good work to help, even if they remain skeptical, it still differentiates our network from all the copycat altcoins out there and will help us gain critical mass at some point.

[Sentinelrv]

Ok guys, a couple of updates.

- I guaranteed the prize money to double the amount of entries.
- I just spent another $99 to get 99designs to send out a promotion tweet about our contest to their almost 80,000 designers/followers. I am completely tapped out now. 
- I just realized that everyone can comment on the contest page and talk to the designers, but you'll most likely have to register an account first.
- I asked if it was possible to get a time extension since I'm paying for promotion, not sure on this one though.

[Fixx]

Just think, why buy other currencies? - The answer is obvious, that to get hold of. For PPC spared from parasites - speculators. It is not interesting to them, and thank God!

[willphase]

hi - I wondered if there was an RPC to ppcoind, or a website somewhere, to allow me to determine the current proof of work block reward (i.e. right now it seems to be around 397).

Cheers,

Will

[TheSeven]

hi - I wondered if there was an RPC to ppcoind, or a website somewhere, to allow me to determine the current proof of work block reward (i.e. right now it seems to be around 397).

Cheers,

Will

Call getmemorypool (or getblocktemplate with my patched ppcoind) and check the "coinbasevalue" field. That's the reward in "sunnys", i.e. 0.000001 PPC units.

[Wekkel]

Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?

[calian]

Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?

Obviously 6400 of your coins generated stake and now you have to wait 520 blocks before they'll be available for spending again. That's how stake blocks (and stake rewards) are generated. If you want to make sure this doesn't happen you have to set the reserve balance field in the ppcoin.conf file. Someday they plan to put this control into the GUI.

[Wolf Rainer]

Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?

You are rich!! Can you please send me some ppc? PJMXYePRpBgWoju7sCZMDpBnbzexeiEwKR Thanks you very much.

[Yurizhai]

Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?

No offense but how do you have so many coins and not understand one of the most special things about them 

[calian]

You are rich!! Can you please send me some ppc?

I guess 13.5 BTC of altcoins is the new definition of rich and become a target for begging. 

[mhps]

Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?

Obviously 6400 of your coins generated stake and now you have to wait 520 blocks before they'll be available for spending again. That's how stake blocks (and stake rewards) are generated. If you want to make sure this doesn't happen you have to set the reserve balance field in the ppcoin.conf file. Someday they plan to put this control into the GUI.

Does it mean the coins that have not generated stakes will not show in the "Stake:" amount in the ppcoin-qt GUI?

I do not enrypting my wallet.  I have these in my ppcoin.conf

datadir=xxxx
server=1
rpcuser=xxxxx
rpcpassword=xxxxx
daemon=1
reservebalance=1

I have some 20 some coins that are more than 30 days old and I am wondering why the "Stake:" remains 0.  So the reason is just that my coins haven't found POS blocks?

[Yurizhai]

Question: why does my wallet not show the correct amount? It should be around 8200 but only shows 1800 (and some 6400 as 'stake')?

Obviously 6400 of your coins generated stake and now you have to wait 520 blocks before they'll be available for spending again. That's how stake blocks (and stake rewards) are generated. If you want to make sure this doesn't happen you have to set the reserve balance field in the ppcoin.conf file. Someday they plan to put this control into the GUI.

Does it mean the coins that have not generated stakes will not show in the "Stake:" amount in the ppcoin-qt GUI?

I do not enrypting my wallet.  I have these in my ppcoin.conf

datadir=xxxx
server=1
rpcuser=xxxxx
rpcpassword=xxxxx
daemon=1
reservebalance=1

I have some 20 some coins that are more than 30 days old and I am wondering why the "Stake:" remains 0.  So the reason is just that my coins haven't found POS blocks?

30 days is the minimum age for generating stake coins. They are not guaranteed to generate stake at 30 days, it might be 31, it might be 50, it might be 450000, but the older they are the more likely they will find PoS blocks.

[mhps]

30 days is the minimum age for generating stake coins. They are not guaranteed to generate stake at 30 days, it might be 31, it might be 50, it might be 450000, but the older they are the more likely they will find PoS blocks.

Thanks. I thought the "Stake:" is for how many coins are eligible for generating stakes. There really should be a manual for the wallet, at least for the PPC specific features. I see similar request on ppcointalk http://www.ppcointalk.org/index.php?topic=27.0

[TheSeven]

30 days is the minimum age for generating stake coins. They are not guaranteed to generate stake at 30 days, it might be 31, it might be 50, it might be 450000, but the older they are the more likely they will find PoS blocks.

Thanks. I thought the "Stake:" is for how many coins are eligible for generating stakes. There really should be a manual for the wallet, at least for the PPC specific features. I see similar request on ppcointalk http://www.ppcointalk.org/index.php?topic=27.0

Yes, there should be better documentation, but someone needs to write it

The "Stake" value is how many of your coins are currently locked down because they generated a Proof of Stake block.
Coins eligible for the generation of such a block are generally any coins that haven't moved for 30 days, but beware that sending any transaction might pick arbitrary coins from your wallet, send part of them to the destination and part of them back to yourself as change, which counts as "moved" as well.
Another condition is of course that it will refuse to use funds to generate a stake block if that would drop your "movable" funds below the specified reserve amount.

[Wekkel]

No offense but how do you have so many coins and not understand one of the most special things about them  

I do not know all details of the banking system or my computer's OS either but I still use them regularly. I thought stake was not relevant for me since my wallet is encrypted.

Consider me rich when, not if, PPC reaches $1,000  

[irritant]

No offense but how do you have so many coins and not understand one of the most special things about them  

I do not know all details of the banking system or my computer's OS either but I still use them regularly. I thought stake was not relevant for me since my wallet is encrypted.

Consider me rich when, not if, PPC reaches $1,000  

hmm yeah your wallet would be locked and stake minting suspended with an encrypted wallet, you sure you didn't unlock it?

[Sentinelrv]

The qualifying round is over, but before we can move on to the final round, you need to go vote for your favorite 6 designers. If you don't vote, they might not make it to the next round. Go to this thread to vote...

https://bitcointalk.org/index.php?topic=249528.0