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

[komawei]

PPCoin is indeed a long-term project, and it is worth investing for a long time. It has gone up a lot in the past month, and it will look at the project.

It is now ranked within 200. There are different degrees of price drop in the market. I hope the market will get better soon.

[Verdell]

Peercoin belongs in the top 50 coins and maybe as high as top 25

[Verdell]

Ethereum watch

When ethereum shifts from proof-of-work to proof-of-stake, how much will it cost to act as a validator (the rough equivalent of bitcoin's miners)? About 1,500 ether (more than $1 million as of this writing), ethereum founder Vitalik Buterin said.
Eth wants too be what peercoin has always been the day will come in the near future that peercoin takes its rightful place in the top 25 coins on coin market cap

[Verdell]

The plan is eventually to move to a fully proof-of-stake system and to lower the minimum stake, but there is no definite timeline for that transition at present.

For now, this first stage of Casper has to be audited, and the network cannot implement it until more code has been written for ethereum clients, the programs users download to run the cryptocurrency's protocol. Since Casper will not be compatible with earlier versions of ethereum, the network will need to hard fork.

[Verdell]

Eventually and probably sooner rather then later most pow coins like bitcoin and litecoin will switch too pos which peercoin has always been the reality of the amount of electricity being used by bitcoin and all the pos coins is mind boggling and the markets pricing peercoin at 3300 peercoins too the bitcoin is equally mind boggling I am of the opinion that 100 peercoins too the bitcoin is more representative of the true value of bitcoin vs peercoin thats the same ratio peercoin  too bitcoin was Jan of 2014

[d5000]

Eventually and probably sooner rather then later most pow coins like bitcoin and litecoin will switch too pos which peercoin has always been

I doubt that. Many Bitcoin developers - and I think to remember that Charly Lee has said something similar - think that the Nothing-at-stake problem is too severe and that, for this reason, proof-of-work is the way to go. For this reason, I think it is very unlikely that they'll switch. They however will probably do everything to make mining more eco-friendly, e.g. promoting solar/wind-energy-powered mining farms. They could also switch to a "Proof of Capacity" algorithm (using pre-computing on hard drives for the hashes), which is still a PoW algorithm (without N@S) but very likely is much more energy-efficient with respect to the current PoW. (In a Burstcoin thread, I tried to find some numbers and it's likely that PoC consumes about 3-10% of Bitcoin's current PoW algorithm's consumption, considering a similar security level.)

I am of the opinion that 100 peercoins too the bitcoin is more representative of the true value of bitcoin vs peercoin thats the same ratio peercoin  too bitcoin was Jan of 2014

Here I fully agree.

I look forward to cold minting, PeerAssets and other news to come.

[Vitamin_52]

While PPC PiedPiperCoin soared tonight on SiliconValleyHBO, the real PPC also has some exciting news!
The Peercoin Foundation is now officially open for business!
Announcement here:
https://talk.peercoin.net/t/update-15-the-peercoin-foundation-is-now-open-for-business/7826

[Sentinelrv]

The Peercoin Foundation is now officially open for business!
Announcement here:
https://talk.peercoin.net/t/update-15-the-peercoin-foundation-is-now-open-for-business/7826

[Verdell]

Very positive devolpmemt the forming of the peercoin foundation looking forward too great things from peercoin

[Verdell]

What's the status of trying too get peercoin listed on binance

[Paul33]

SentinelrvPeercoin fan • 9h
Ha! It seems the majority of people completely missed this little teaser from last Tuesday’s announcement, which was basically hidden out in the open. Some people from Reddit pointed it out though.

Edit: Looks like it was you.

And yes, that is the intention to help improve the pace of development. It will also help with stuff like marketing and act as a legal face for the Peercoin community to develop new partnerships. The PiSupply/StakeBox announcement from last Tuesday was the first example of a partnership made possible by the Peercoin Foundation.

3
smallbluetextInvest a lot, trade a little • 1h
No disrespect for one of the original cryptocurrencies, but what is the advantage of using peercoin for p2p transactions over others? I am already a fan of Proof of Stake however I'm not clear on the benefits I can expect if I were to use PPC for transactions.

1
SentinelrvPeercoin fan • 1h
First read this short description...

The Peercoin network activated in 2012 and is one of the first cryptocurrencies to ever be released. It is responsible for inventing proof-of-stake consensus, which makes it the first efficient and sustainable public blockchain technology. It is extremely low-cost to operate and requires very little energy to secure. In addition, it is also the first blockchain capable of allowing its protocol rules to be governed directly by its users (coin holders) rather than external miners, making for a network that is more decentralized, democratic and easily secured by people all over the world.

The Peercoin Team believes that adapting blockchains for wide scale use only through on-chain transactions will negatively affect the decentralization level and security of the network over time, therefore we choose to develop the Peercoin blockchain as a base layer settlement network with a sole focus on securing all forms of value recorded into the chain. This can be accomplished through Peercoin's philosophy of preserving and maximizing decentralization (which increases security) by developing the majority of features and technologies on top of the blockchain, rather than directly into the blockchain protocol itself.

Thus the Peercoin Team focuses on developing second layer protocols and sub-networks that can interact with the base layer blockchain to adapt it for wide scale use and improve functionality such as tokens, smart contracts and high speed low cost transaction processing. In this way, Peercoin will act as a secure and censorship resistant base layer for the future blockchain connected world.

There is no direct benefit when you're only considering how transactions compare from one blockchain to another. The benefits that really matter are the fundamentals behind the network. The economics driving Peercoin's security model are designed to be long-term sustainable. The true advantage of Peercoin is that it will still be around and securely functioning decades into the future while other blockchains succumb to economic, security and centralization failures. People have called Peercoin the nuclear bomb shelter of crypto in the past. It is because it was designed to last and that is a place I would want to store my tokens or other value.

1
-JamesBond • 6h
Who?

1
SentinelrvPeercoin fan • 6h
Peercoin is the inventor of proof of stake consensus, which Ethereum is now trying to adapt. Several years ago Peercoin was a top 4 crypto until scams and ICOs drowned out the market. This foundation will help Peercoin to reestablish it’s place in the crypto market.

3
m4c7 - 8 years account age. 200 - 400 comment karma. • 6h
"Peercoin, also known as PPCoin or PPC, is a peer-to-peer cryptocurrency utilizing both proof-of-stake and proof-of-work systems. Peercoin is based on an August 2012 paper which listed the authors as Scott Nadal and Sunny King"

The first Proof-of-Stake currency as well as one of the original cryptocurrencies.

[Paul33]

The new peercoin foundation will help get peercoin listed on more major exchanges like coinbase and binance

[Sentinelrv]

Get involved with the next major release of Peercoin, v0.7! We’ve opened discussion on all seven of our active RFCs. Feel free to contribute during the review process. You can find the open discussion threads on GitHub here...

https://github.com/peercoin/rfcs/issues

[d5000]

Get involved with the next major release of Peercoin, v0.7! We’ve opened discussion on all seven of our active RFCs. Feel free to contribute during the review process. You can find the open discussion threads on GitHub here...

https://github.com/peercoin/rfcs/issues

Thanks for sharing. I'll share my position to all RFCs here:

- #0002 (Coinstake Transaction Split)
- #0003 (Multisignature Minting)
- #0004 (Removal of TX timestamp)
... are necessary for the (important) "Cold Minting" feature. From my non-developer perspective I consider the reasoning behind them valid so I support them.

- #0005 (Unspendable zero-value outputs) seems reasonable. (In my opinion, the 0.01 PPC minimum output value limit is too high though), so support.
- #0006 (Remove Proof-of-Work Block Signature) - no opinion because I'm not understanding the implications fully.
- #0007 (Round Transaction Fees Up To 0.001) - Full support, 0.01 became already a bit high for simple transactions when the coin's value reached $10 (Peercoin has a small supply, so in another, stronger, crypto boom an unit could easily reach $100 or even more), and the rounding to 0.01 in my opinion makes no sense as the size, not the transaction number, is the most important bottleneck of blockchains.
- #0008 (Increase OP_RETURN Size Limit) - In this case I'm undecided, is it needed for PeerAssets? Most likely it will incentive using the blockchain for data storage, but if the 0.01 PPC/kB fee is not changed, then there should be no severe negative consequences.

[Sentinelrv]

d5000, it is best to post your comments in the individual issue threads on GitHub. They will not see your input here. I can post your comments if you don’t have a GitHub account. Just let me know.

[Paul33]

If peercoin was listed on binance the peercoin price would rise above 25dollars and if peercoin was listed on coinbase the peercoin price would go over 100 dollars both of these scenarios could happen in the near future

[Sentinelrv]

Here is the packaging sleeve for the Peercoin StakeBox that we worked with PiSupply to design.
Purchase your own StakeBox here: https://www.stakebox.org/products/peercoin-stakebox

Retweet:
https://twitter.com/PeercoinPPC/status/997493789563543552

Click for full-size:

[d5000]

d5000, it is best to post your comments in the individual issue threads on GitHub. They will not see your input here. I can post your comments if you don’t have a GitHub account. Just let me know.

You're totally right, I already posted the comments on Github - I have an account there, although I wouldn't describe myself as a "developer" (and thus I clarified that there). However, I think it's not an error to bring a bit of "technical discussion" into this thread sometimes. I understand, however, that it may be frustrating to have to compete with all the spam in the Bitcointalk altcoin section and so there isn't much incentive to participate here.

[Verdell]

Peercoin building a superior block chain a return too being a top 25 coin is imminent

[Paul33]

When the tether fails and it will,sooner or later since it’s backed by nothing peercoin is a stable coin and  peercoin ratio of 200:peercoin too the bitcoin is more representive of fair value not the current 3000peercoin too the bitcoin