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Author Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency  (Read 650863 times)
hl5460
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August 26, 2013, 01:29:43 PM
 #1541

“Does proof of stake have a future? Many signs suggest that it certainly does. PPCoin founder Sunny King argues that Bitcoin’s security will become too weak over time as its block reward continues to drop; indeed, this is one of his primary motivations for creating PPCoin and Primecoin. Since then, PPCoin has come to be the fifth largest cryptocurrency on the market”

http://bitcoinmagazine.com/6528/what-proof-of-stake-is-and-why-it-matters/

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VolanicEruptor
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August 26, 2013, 07:17:06 PM
 #1542

best place to buy them?

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August 26, 2013, 07:22:06 PM
 #1543

btw, my only issue with this great idea is its name.  PPcoin?  Who named it that?  I'm assuming it wasn't someone who is fluent in English, as they would have realized how saying "PP" sounds like a toddler describing his own penis, or urination.

Perhaps change the name?  Roll Eyes

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August 26, 2013, 08:37:16 PM
 #1544

btw, my only issue with this great idea is its name.  PPcoin?  Who named it that?  I'm assuming it wasn't someone who is fluent in English, as they would have realized how saying "PP" sounds like a toddler describing his own penis, or urination.

Perhaps change the name?  Roll Eyes
It's best to just refer to it as Peercoin.

Bitcoin Dev / Storj - Decentralized Cloud Storage. Winner of Texas Bitcoin Conference Hackathon 2014. / Peercoin Web Lead / Primecoin Web Lead / Armory Guide Author / "Am I the only one that trusts Dogecoin more than the Federal Reserve?"
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August 26, 2013, 09:23:02 PM
 #1545

PPC is very quit the last few months. Could get crazy in multipliers if a new crypto-currency hype starts. Lets say conservatively 3x for PPC price in BTC and 10x for Bitcoin in USD in the next craze. That's a great opportunity  Tongue

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September 01, 2013, 02:50:28 AM
 #1546

Maybe our users are not aware of what products/services are available through Coin Payments, looks like pr0d1gy decided to delist XPM and PPC from Coin Payments for now.

https://bitcointalk.org/index.php?topic=285619.0

I feel having support of the first multi-currency payment processor is important, not just for our sake, but also for a healthy competitive currency market in general. So please let Coin Payments know that our community is really active and interested in using their service, so hopefully they can reconsider this unfortunate decision to desupport two of the most innovative currencies both in the top ten market cap ranking.

You can leave your feedback in the above thread or PM pr0d1gy.
hl5460
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September 01, 2013, 12:52:13 PM
 #1547

Maybe our users are not aware of what products/services are available through Coin Payments, looks like pr0d1gy decided to delist XPM and PPC from Coin Payments for now.

https://bitcointalk.org/index.php?topic=285619.0

I feel having support of the first multi-currency payment processor is important, not just for our sake, but also for a healthy competitive currency market in general. So please let Coin Payments know that our community is really active and interested in using their service, so hopefully they can reconsider this unfortunate decision to desupport two of the most innovative currencies both in the top ten market cap ranking.

You can leave your feedback in the above thread or PM pr0d1gy.

I feel sorry for that as well. PPC and XPM are very innovative indeed. However, one individual's promotion is not sufficient in the era of information explosion. I think a team consisting of relevant expertise like programming, marketing and sales should be set up in order to push the eco-friendly PPC.
Just fore reference only.

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September 01, 2013, 08:25:53 PM
 #1548

I'm wondering if BTC-e is maintaining a low fractional reserve ratio of PPC because yesterday I tried to withdraw PPC from BTC-e and only got 60% of what I asked for. The transactions all showed as completed in my account history so I opened a ticket with support asking that they process the withdrawals and they credited PPC back to my account. Today I tried to withdraw the remaining 40% and received an additional 10%, with the remaining 30% showing as a completed withdrawals in my account history but there is no trace of them on the blockchain.

This makes me suspicious that BTC-e doesn't have the PPC available and is employing a low fractional reserve ratio on PPC. Given their known interest in the PPC competitor Novacoin I wouldn't be surprised if they are doing this to increase the PPC supply beyond what exists on the blockchain to depress the price.

Have any of you had trouble withdrawing PPC from BTC-e? I'd love a response from BTC-e as well about whether they only maintain a fractional reserve of PPC and other coins.

Finally, if they are out of PPC and a bunch of us try to withdraw PPC now they will need to buy PPC and raise the price to induce deposits to fulfill the withdrawal requests Smiley
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September 01, 2013, 08:30:35 PM
 #1549

I'm wondering if BTC-e is maintaining a low fractional reserve ratio of PPC because yesterday I tried to withdraw PPC from BTC-e and only got 60% of what I asked for. The transactions all showed as completed in my account history so I opened a ticket with support asking that they process the withdrawals and they credited PPC back to my account. Today I tried to withdraw the remaining 40% and received an additional 10%, with the remaining 30% showing as a completed withdrawals in my account history but there is no trace of them on the blockchain.

This makes me suspicious that BTC-e doesn't have the PPC available and is employing a low fractional reserve ratio on PPC. Given their known interest in the PPC competitor Novacoin I wouldn't be surprised if they are doing this to increase the PPC supply beyond what exists on the blockchain to depress the price.

Have any of you had trouble withdrawing PPC from BTC-e? I'd love a response from BTC-e as well about whether they only maintain a fractional reserve of PPC and other coins.

I've had countless issues with BTC-e, including disconnects when trying to sell coins before a dump. I think the owners of that exchange work with the pumpers/dumpers and alert "VIP" persons (scammers) when to dump.
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September 01, 2013, 08:34:17 PM
 #1550

Maybe our users are not aware of what products/services are available through Coin Payments, looks like pr0d1gy decided to delist XPM and PPC from Coin Payments for now.

https://bitcointalk.org/index.php?topic=285619.0

I feel having support of the first multi-currency payment processor is important, not just for our sake, but also for a healthy competitive currency market in general. So please let Coin Payments know that our community is really active and interested in using their service, so hopefully they can reconsider this unfortunate decision to desupport two of the most innovative currencies both in the top ten market cap ranking.

You can leave your feedback in the above thread or PM pr0d1gy.

Sunny,

I've lost interest in this payment processor. Why bother when they would even consider dumping two of the most innovative and popular coins for a boatload of other copycat/scam-coins? Some of the coins they support have less than 1/10th the market cap of PPC. WTF are they thinking!? IMO, dealing with them is a waste of time and energy.
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September 01, 2013, 08:52:24 PM
 #1551

Maybe our users are not aware of what products/services are available through Coin Payments, looks like pr0d1gy decided to delist XPM and PPC from Coin Payments for now.

https://bitcointalk.org/index.php?topic=285619.0

I feel having support of the first multi-currency payment processor is important, not just for our sake, but also for a healthy competitive currency market in general. So please let Coin Payments know that our community is really active and interested in using their service, so hopefully they can reconsider this unfortunate decision to desupport two of the most innovative currencies both in the top ten market cap ranking.

You can leave your feedback in the above thread or PM pr0d1gy.

XPM was re added. Hopefully PPC is next, I send him a few requests this morning they say it will come back in time.

My store CoinCable.com is now accepting XPM , cant wait to accept PPC too!

Cheers

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September 02, 2013, 01:52:37 PM
 #1552

Multi Cryptocoin Payments has just opened a new poll asking which coins users want them to support. They say they will support 5 or 6 of these and PPC is currently tied for 7th place in the poll.

https://bitcointalk.org/index.php?topic=286120.0
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September 02, 2013, 04:55:53 PM
 #1553

Multi Cryptocoin Payments has just opened a new poll asking which coins users want them to support. They say they will support 5 or 6 of these and PPC is currently tied for 7th place in the poll.

https://bitcointalk.org/index.php?topic=286120.0

I don't understand why payment processors are even considering other coins with such low market caps. What is the point?
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September 02, 2013, 05:22:36 PM
 #1554

Both PPC and XPM is back Smiley

Added them to my list of accepted coins on the store front!

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September 03, 2013, 06:24:05 PM
 #1555

interesting, worth looking into.
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September 05, 2013, 12:12:27 PM
 #1556

Any updates on the when the updated PPC client is coming out?


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September 05, 2013, 03:52:40 PM
 #1557

I just posted a fun poll that asks:

When do you think the inflation rate of PPC will decline below the inflation rate of BTC?

https://bitcointalk.org/index.php?topic=288386.0

Hopefully it will stimulate discussion about PPC scarcity, which is poorly understood at present.
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September 05, 2013, 08:16:41 PM
 #1558

Yes, PPC is not well understood at this point. I didn't understand it until a couple months ago, so there is hope for those who don't get it now. I believe that soon people will begin to understand that it is very scarce because the inflation will actually be low. It's biggest advantage over Bitcoin however, is that it offers much better security at a much lower cost. I believe the limitations of proof of work security are also becoming more apparent, but at a slower pace. It may take some time, but PPC will be recognized as a great improvement over Bitcoin someday.
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September 05, 2013, 09:30:22 PM
 #1559

It's quite simple really, instead of new coins only coming from mining, which uses a lot of computing power, holders of PPC earn a very small amount of interest for holding coins over a period of time.  This this is environmentally friendly because it saves electricity which tens of thousands of computes would be using for mining.  An elegant solution to a complex problem. 

I'm surprised PPC isn't the coin everyone is hounding Mtgox to add, seeing as it offers far more innovation than litecoin.


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September 05, 2013, 09:47:23 PM
 #1560

If we want to get Mt Gox to add PPC, the best thing to do is demonstrate they could make money doing so by actively trading PPC on the exchanges that presently offer it. Vircurex has its highest volume on the PPC/BTC pair and this is sure to catch the eye of exchanges that do not offer trading in PPC. In recent days the PPC/BTC pair at Crypto-Trade has frequently been the second highest volume pair there.

I propose we focus on building liquid PPC markets on Vircurex and Crypto-Trade.
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