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Author Topic: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency  (Read 681806 times)
xchrix
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December 05, 2012, 07:41:29 PM
 #661

I still don't fully understand ppcoin.

Maybe it would help if someone explained this tx to me.

Upgrading to a v0.2.2 gui should show it properly as a 'mint by stake' transaction.


is it possible to also see this with the daemon "getinfo" or something else? i am developing an web gui for all kinds of cryptocoins as using the RPC api calls for interaction...
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December 06, 2012, 04:02:19 AM
 #662

where can i mine ppc as coinotran is not working

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December 06, 2012, 04:14:59 AM
 #663

is it possible to also see this with the daemon "getinfo" or something else? i am developing an web gui for all kinds of cryptocoins as using the RPC api calls for interaction...

getinfo does not deal with specific transactions. Relevant commands would be 'listtransactions', 'gettransaction' and 'getblock'. Although currently it is still a bit tricky if you want to know whether a given transaction is a stake transaction from only these commands.
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December 06, 2012, 06:53:47 AM
 #664

where can i mine ppc as coinotran is not working

What problem are you having with coinotron?  It is working just fine for me. 

Charlie Kelly: I'm pleading the 5th.  The Attorney: I would advise you do that.  Charlie Kelly: I'll take that advice under cooperation, alright? Now, let's say you and I go toe-to-toe on bird law and see who comes out the victor?  The Attorney: You know, I don't think I'm going to do anything close to that and I can clearly see you know nothing about the law.
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December 06, 2012, 11:42:51 PM
 #665

where can i mine ppc as coinotran is not working

What problem are you having with coinotron?  It is working just fine for me. 

no connection to the PPC or ltc pools connection refused and when btc coins no problems

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December 07, 2012, 09:34:40 AM
 #666

no connection to the PPC or ltc pools connection refused and when btc coins no problems

Did you change worker type to "PPC"? ( "My Account" page )

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December 07, 2012, 06:19:55 PM
 #667

Sunny,

Any chance of BIP 22 functionality in the next release?

It would be nice to use eloipool for the PPC portion of the mining pool I am working to bring online.

If it is not going to happen, just let me know, so I can start working on an older piece of pool software for the PPC section.

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December 07, 2012, 07:17:53 PM
 #668

where can i mine ppc as coinotran is not working

What problem are you having with coinotron?  It is working just fine for me. 

no connection to the PPC or ltc pools connection refused and when btc coins no problems

ppcpool.bitparking.com ?

and guess what: https://github.com/ppcoin/ppcoin/wiki/List-of-services-on-market Wink

Cheers!

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December 07, 2012, 08:00:31 PM
 #669

Sunny,

Any chance of BIP 22 functionality in the next release?

It would be nice to use eloipool for the PPC portion of the mining pool I am working to bring online.

If it is not going to happen, just let me know, so I can start working on an older piece of pool software for the PPC section.


Bitcoin 0.7 features would be supported in a future update release, but is still at least a couple months away I estimate.

If you need the pool running soon then maybe need to patch ppcoind, or use your older code for now.

Good luck!
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December 15, 2012, 08:22:18 PM
 #670




HAPPY 20,000 BLOCKS PPCOIN



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December 15, 2012, 09:47:09 PM
 #671

why are there over 14 million ppc coins? (more than btc all time) in just a few months?

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December 15, 2012, 09:49:34 PM
 #672

why are there over 14 million ppc coins? (more than btc all time) in just a few months?

LTC had about 5 million LTC in the first 3 months. It's just a number.

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December 15, 2012, 10:28:52 PM
 #673

why are there over 14 million ppc coins? (more than btc all time) in just a few months?

POW rewards are different from BTC.

POW rewards have been between ~700 to ~2000 coins vs. BTC straight 50 coins (Now 25 coins) per block.

If you look at the straight list of of blocks http://www.cryptocoinexplorer.com:2750/chain/PPcoin

You will see the vast majority of blocks are now POS which produce MUCH smaller coin-base transactions.

Initially all the the blocks were POW but as PPC becomes the POS based coin it was meant to be , coin generation drops substantially.
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December 15, 2012, 10:40:41 PM
 #674

proof of stake doesn't that reward the people that started in the coin early on


why is that needed if an increase in value due to increase in demand of the currency would reward early starters

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December 15, 2012, 11:43:34 PM
 #675

proof of stake doesn't that reward the people that started in the coin early on
The theory is people holding lots of coins would want the coin to be secure. By participating in proof of stake they secure the network in proportion to the number of coins they hold. They're not being rewarded for being early adopters. They're being rewarded for protecting the network. The actual reward is minimal though. Nothing like proof of work block rewards.
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December 15, 2012, 11:59:32 PM
 #676

proof of stake doesn't that reward the people that started in the coin early on
The theory is people holding lots of coins would want the coin to be secure. By participating in proof of stake they secure the network in proportion to the number of coins they hold. They're not being rewarded for being early adopters. They're being rewarded for protecting the network. The actual reward is minimal though. Nothing like proof of work block rewards.

Other rewards could possibly be price increases. But then again we all know that no one knows the future.

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           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
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December 16, 2012, 12:01:30 AM
 #677

So is it safe to say ppcoin differs from bitcoin more significantly than solidcoin?

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December 16, 2012, 12:08:58 AM
 #678

So is it safe to say ppcoin differs from bitcoin more significantly than solidcoin?
Yes. I think it's the most different alt coin that's come out since namecoin. It doesn't appear to be getting much use outside of speculation though.
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December 16, 2012, 12:27:02 AM
 #679

So is it safe to say ppcoin differs from bitcoin more significantly than solidcoin?
Yes. I think it's the most different alt coin that's come out since namecoin. It doesn't appear to be getting much use outside of speculation though.

some use...

anyone explain the benefits and detriments to LTC vs PPC over bitocin?

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December 16, 2012, 03:22:49 AM
 #680

So is it safe to say ppcoin differs from bitcoin more significantly than solidcoin?
Yes. I think it's the most different alt coin that's come out since namecoin. It doesn't appear to be getting much use outside of speculation though.

some use...

anyone explain the benefits and detriments to LTC vs PPC over bitocin?

Bitcoin and Litecoin will eventually require significant fees in order to make up for the fall in block reward. The size of these fees is debatable. I think fees similar to those charged by paypal is a reasonable estimate. Secondly, these blockchains are likely to become completely centralized in the future. This is just a property of the economics behind proof-of-work. PPC could operate indefinitely without any significant fee payment. Fees in PPC are soley there to discourage spam. They do not contribute to security. In BTC / LTC, fees are necessary for security. The fees necessary for security are probably a couple orders of magnitude larger than those necessary to discourage spam.

On the other hand PPC's security model has not been adequately tested or adequately explained. I am not sure whether PPC is currently secure or not. However, if anything PPC should become more secure over time, rather than less secure. PPC is much less likely to become fully centralized for economic reasons. PPC currently uses very frequent checkpoints, whereas bitcoin uses very rare checkpoints. Frequent checkpoints are a major downside.

I would say that LTC, PPC, and bitcoin all have significant failings.
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