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

[Bitbird]

Hello there!
What should I do when the client showing "0 active connection(s) to ppcoin network" ?

[InitialLetter]

Hello there!
What should I do when the client showing "0 active connection(s) to ppcoin network" ?

Sunny king wrote this text below on ppcointalk yesterday

We are experiencing extended downtime with seed nodes again. If you experience initial connection issues with client try add the following nodes to connect to ppcoin network (in ppcoin.conf):

addnode=66.90.146.146
addnode=91.156.102.128
addnode=110.174.124.20
addnode=67.14.164.114
addnode=37.209.40.22
addnode=50.71.216.165
addnode=109.108.236.208
addnode=173.28.37.150
addnode=68.102.86.156
addnode=213.251.187.24
addnodd=188.134.122.31
addnode=72.38.179.122

[PuertoLibre]

Hi,
I have a problem. I sent a thousand+ PPC coins from my Vircurex account to my BTC-e account and they didn't show up at the BTC-e PPC wallet.

Anyone have any idea what might be the problem? I double checked everything carefully before moving around the coins...so I know I didn't do anything abnormal in the process.

Not sure if this has any relevance http://www.ppcointalk.org/index.php?topic=398.0

Hi, Thanks for the info, it looks like there is a PPC problem.

The origin wallet is: http://www.cryptocoinexplorer.com:2750/address/P8kFo4bKemv5zKFiQCVmaYX6UyHu8kXQee

But all the transactions say "Not Redeemed". I don't see where any of them even point to the destination address:
PQBegUV9duYpEjqpHsZjD4Q4b9W4UaT92D

[PuertoLibre]

Hi, can anyone help me with the above?

From what I have read the PPC network seems to be on the fritz and my coins have gone awol during the outage.

[Sunny King]

Hi,
I have a problem. I sent a thousand+ PPC coins from my Vircurex account to my BTC-e account and they didn't show up at the BTC-e PPC wallet.

Anyone have any idea what might be the problem? I double checked everything carefully before moving around the coins...so I know I didn't do anything abnormal in the process.

Not sure if this has any relevance http://www.ppcointalk.org/index.php?topic=398.0

Hi, Thanks for the info, it looks like there is a PPC problem.

The origin wallet is: http://www.cryptocoinexplorer.com:2750/address/P8kFo4bKemv5zKFiQCVmaYX6UyHu8kXQee

But all the transactions say "Not Redeemed". I don't see where any of them even point to the destination address:
PQBegUV9duYpEjqpHsZjD4Q4b9W4UaT92D

Cryptocoinexplorer shows no transaction going to the receiving address PQBegUV9duYpEjqpHsZjD4Q4b9W4UaT92D yet. If you are sending from vircurex account to btc-e account, check vircurex account of the transaction id first, if vicurex did send the transaction then wait for it to be confirmed into block chain.

This has nothing to do with our seed node outage, which only affects initial connection of new nodes.

Let me know if your situation is resolved.

[PuertoLibre]

The strange thing is Vircurex does not show any TrxID:

It is completely blank.

[mhps]

The strange thing is Vircurex does not show any TrxID:

It is completely blank.

If your coins were moved out of your account and the exchange can show no record to track the transaction, including to where it was sent, it is a serious issue on the exchange side.

[PuertoLibre]

The strange thing is Vircurex does not show any TrxID:

It is completely blank.

If your coins were moved out of your account and the exchange can show no record to track the transaction, including to where it was sent, it is a serious issue on the exchange side.

Sounds like there is a serious issue. The in's and out's don't even make any sense. It's going all over the place except where where it is supposed to go.

The sad thing is my transaction was almost a third of the active trading volume in the Vircurex Exchange orderbook if I am not mistaken. For them to actually lose it all would be a serious blow to their handling of the most basic facet and purpose of an exchange.

[12gaFacelift]

vircurex admin dont care much about what happen there, i send nvc to vircurex and 24 hour later still nothing, i doubt now about that place where its full error.

[soundasleep]

Today I've added support to keep track of PPCoin balances and exchange rates to CryptFolio (thread). This includes historical exchange rates (e.g. BTC-e, Vircurex) - although there's not much data there yet...

I'm not sure if there are any PPC mining pools and/or if there would be demand for tracking PPC mining pool balances and worker hashrates..?

[cycloid]

Sunny King, NVC seems to be doing quite well with their high POS interest model.
 Any chance you would like to increase interest from 1% on POS with all the ASICS coming in to play to say 10% ?
I think this will have a very positive effect on PPC price as more people will prefer to hold it in order to mint a stake just like it is happening with NVC which is now using 53% annually...

 Just a thought

[markm]

Sunny King, NVC seems to be doing quite well with their high POS interest model.
 Any chance you would like to increase interest from 1% on POS with all the ASICS coming in to play to say 10% ?
I think this will have a very positive effect on PPC price as more people will prefer to hold it in order to mint a stake just like it is happening with NVC which is now using 53% annually...

 Just a thought

Is Maddoff or something like that the name to cite here, as in some crook every idiot who wants a fast buck throws their money at because wow the profits are huge so better just jump in what could possibly go wrong?

Aren't there enough ponzi / pyramid / tulip-mania scams out there already without starting to break the few things left that aren't just scams run by some megalomaniac who will do anything to make a fast buck?

A centrally managed money supply with a central power that sets the interest rates, how original, and even more original that they are raised so all the cronies of the central power can get lots, then of course lowered to keep out the riff-raff. Sheesh, that novacoin is so innovative!

Maybe you should check what the brains behind Enron are up to now and get in on that too, sure to be a big hit!

-MarkM-

[cycloid]

Sunny King, NVC seems to be doing quite well with their high POS interest model.
 Any chance you would like to increase interest from 1% on POS with all the ASICS coming in to play to say 10% ?
I think this will have a very positive effect on PPC price as more people will prefer to hold it in order to mint a stake just like it is happening with NVC which is now using 53% annually...

 Just a thought

Is Maddoff or something like that the name to cite here, as in some crook every idiot who wants a fast buck throws their money at because wow the profits are huge so better just jump in what could possibly go wrong?

Aren't there enough ponzi / pyramid / tulip-mania scams out there already without starting to break the few things left that aren't just scams run by some megalomaniac who will do anything to make a fast buck?

A centrally managed money supply with a central power that sets the interest rates, how original, and even more original that they are raised so all the cronies of the central power can get lots, then of course lowered to keep out the riff-raff. Sheesh, that novacoin is so innovative!

Maybe you should check what the brains behind Enron are up to now and get in on that too, sure to be a big hit!

-Mark

 I personally think 1% is a bit low and it would make sense to have more reward for "savers" in order to control dumping and thus stabilize the price over time.
The rest of your comment does make sense and I agree that is why I am not asking for more then 10%, 5-10% seems to be a good reasonable number in my opinion.

[cycloid]

Any chance you would like to increase interest from 1% on POS with all the ASICS coming in to play to say 10% ?

What do ASICs have do to with it?

I think this will have a very positive effect on PPC price as more people will prefer to hold it in order to mint a stake just like it is happening with NVC which is now using 53% annually...

53% interest annually? That's insane.

ASICS are hitting all the SHA256 coins and are not ready available as GPU's at the moment for any miner not willing to wait 6months to a year.
This difficulty spike is decreasing GPU profitability and in order to avoid all new ASIC miners dumping as they mine for BTC or USD, higher POS rewards could make this coin something they would hold for extra % oppose to BTC/LTC which cant produce any additional return.

[Walsoraj]

Just noticed that clark moody removed the ppc donation address. It has been replaced with xpm. Anyone know why? Why not have both?

[cycloid]

Just noticed that clark moody removed the ppc donation address. It has been replaced with xpm. Anyone know why? Why not have both?

Good time to send him an email asking that.

[pocesar]

is getblocktemplate ever coming to PPCoin?

[Sunny King]

is getblocktemplate ever coming to PPCoin?

Yes it is scheduled for v0.4.

[pocesar]

is getblocktemplate ever coming to PPCoin?

Yes it is scheduled for v0.4.

QFTT 

[hl5460]

“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/