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Author Topic: Haw many PPCoins will there be?  (Read 11305 times)
Jutarul
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September 29, 2012, 09:02:50 PM
 #21

1. You don't have an obligation to release it beforehand. But people will call it bullshit as it is. This is the same tactic that RealSolid/Coinhunter did with SC2. You're not special.
that is actually not accurate. ppcoin is the first cryptocurrency which actually innovates on top of the bitcoin protocol. And I am talking about REAL innovation (not just altering some parameters).

2. How would people know there is no tax unless they know how it works? The federal reserve doesn't believe inflation is a tax on the masses yet in REALITY it is a tax to those holding fiat.
Now I would be interested to hear about how bitcoin got promoted. I didn't get any mail including advertisement for the big bitcoin launch two months before it happened... no I was late to the party and had to be content with paying real money for bitcoins.

4. I will continue to troll as well as expose the bullshit which is PPC for what it is. Seriously? Hard work? How many hours have you put into PPC?
Please stay rational. If you say it's bullshit please explain yourself.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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September 29, 2012, 09:13:44 PM
 #22

1. You don't have an obligation to release it beforehand. But people will call it bullshit as it is. This is the same tactic that RealSolid/Coinhunter did with SC2. You're not special.
that is actually not accurate. ppcoin is the first cryptocurrency which actually innovates on top of the bitcoin protocol. And I am talking about REAL innovation (not just altering some parameters).

2. How would people know there is no tax unless they know how it works? The federal reserve doesn't believe inflation is a tax on the masses yet in REALITY it is a tax to those holding fiat.
Now I would be interested to hear about how bitcoin got promoted. I didn't get any mail including advertisement for the big bitcoin launch two months before it happened... no I was late to the party and had to be content with paying real money for bitcoins.

4. I will continue to troll as well as expose the bullshit which is PPC for what it is. Seriously? Hard work? How many hours have you put into PPC?
Please stay rational. If you say it's bullshit please explain yourself.

Here is an important question to defer all your diversion.......

How many PPC does Sunny King have? That should be a very interesting answer.

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September 29, 2012, 09:19:58 PM
 #23

Here is an important question to defer all your diversion.......

How many PPC does Sunny King have? That should be a very interesting answer.

Nothing you say is important or interesting... you're a troll...

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September 29, 2012, 09:34:46 PM
 #24

Here is an important question to defer all your diversion.......

How many PPC does Sunny King have? That should be a very interesting answer.

Nothing you say is important or interesting... you're a troll...

I'd say there are quite a few who do enjoy what I have to say. I call a spade a spade. When I see bullshit I will call it out.

Even when BCX started to act like a jerk and spouted bullshit I called it out, even though we got along for the most part.

Good job trying to divert from an important question.

HOW MANY PPC DOES SUNNY KING HAVE? RIGHT YOU DON'T WANT TO KNOW! BUT I DO!

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September 29, 2012, 09:44:32 PM
 #25

Here is an important question to defer all your diversion.......
How many PPC does Sunny King have? That should be a very interesting answer.
Why? Are you jealous? Since you're resilient to getting yourself informed I tell you that:
ppcoin is an inflationary cryptocurrency by design, in contrast to bitcoin which has a constant money supply. Thus in the long run, even if Sunny had a 2-3 million coin head start ( which he probably has ), it doesn't really matter.
3 years down the road, the money supply is likely to be around 100 million. Thus 2-3 is just 2-3%.

The real question is, why would anybody invest in an inflationary cryptocurrency? That's where the different network security model comes in. POS offers lower transaction fees in the long run because POS blocks do not require electricity, and thus ppcoin maybe a strong competitor to bitcoin based on transaction fees!

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
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September 29, 2012, 09:51:43 PM
 #26

HOW MANY PPC DOES SUNNY KING HAVE? RIGHT YOU DON'T WANT TO KNOW! BUT I DO!

pff small penis ? try fontsize 72...

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September 29, 2012, 10:55:02 PM
Last edit: October 01, 2012, 07:35:13 PM by Jutarul
 #27

Thus in the long run, even if Sunny had a 2-3 million coin head start ( which he probably has ), it doesn't really matter....

(REVISED)
I took the liberty and generated some stats for the money supply throughout the first 40 days. I started mining ppcoin around day 2. That's when super early adopters implemented the client software. After day 20 we saw the first major adoption. After 30 days we saw the first proof-of-stake blocks. BTW I had to contract the time constant with a factor 8 instead of 6. Thus the time to the next block is about 7.5mins instead of satoshis 10min. The reported blocktime was analyzed and used to correctly scale the time axis.

Presuming that the majority of the coins within the first 2 days were exclusively mined by Sunny, I presume he has about 2-3 million coins head start.

(old figure for reference: http://i47.tinypic.com/mtbhoi.png)


The first 2 days saw a dramatic time reduction. Day 1 consumed 7 days worth of blocks, day 2 consumed 4 days worth of blocks. After that the minting rate was equilibrated... Thus miners in the first 2 days had a significant advantage, with an efficiency factor of 7 during day 1, and an efficiency factor of 4 during day 2:

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September 29, 2012, 11:18:35 PM
 #28

So about the same premine as RUCoin then it seems.

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September 29, 2012, 11:35:13 PM
 #29

So about the same premine as RUCoin then it seems.

-MarkM-

Well that depends on what you define as premine.
For the majority of the world bitcoin has a 10 million coin premine on a 20 million money supply.

premine in the strict sense is the offset at x=0.

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September 30, 2012, 12:47:56 AM
 #30

I can tell you that I held ~30% of the network hashrate during the first couple of hours, roughly 10% after 2 days, then I stopped proof of work mining.
If Sunny has indeed mined ppcoin, he had to cope with a similarly high difficulty than everyone else had to, investing real hashrate into the coin instead of true premining. And even if he put lots of hashing power into it, he most certainly doesn't have more than 1-2 million coins, which is 10-20% of the coins existing today. (I'm holding about 2.5% these days.) In any case, he definitely didn't have a comparative advantage because of this.

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September 30, 2012, 03:20:25 AM
Last edit: September 30, 2012, 04:43:29 AM by Sunny King
 #31

LOL smoothie, you sounded a bit desperate. I have no obligation to reveal how many coins I have, just like Satoshi has no obligation to reveal his.

If it's all about a tiny chance to make some money this project likely would never have even gotten started. I am sorry to tell you that I have means to support myself otherwise and I don't really need the wishful profit you are so jealous about on top of plenty political risk to run head-on into some governments. I am honored to work for the cause of liberty, and that's all that really motivated me to see this project released. My guess that's the same motivation Satoshi had as well, otherwise Bitcoin wouldn't be born either.

Let's make some peace and move on with life now  Wink
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September 30, 2012, 05:16:27 AM
 #32

BTC = 21 Million
LTC = 84 Million
SC = Up to the guy who made sc...

So what about PPCoin? Someone told me 2 billion but I kinda doubt it would be trading as high as it is if that were true. Please some one tell me the truth Smiley

Thanks.

Short answer: up to Moore's Law and Market participation.
Long answer: see our FAQ regarding cap of money supply.
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September 30, 2012, 05:33:50 AM
 #33

BTC = 21 Million
LTC = 84 Million
SC = Up to the guy who made sc...

So what about PPCoin? Someone told me 2 billion but I kinda doubt it would be trading as high as it is if that were true. Please some one tell me the truth Smiley

Thanks.

Short answer: up to Moore's Law and Market participation.
Long answer: see our FAQ regarding cap of money supply.

So maybe over 2 billion?    I think now is not the time to buy. I will wait for a year when many many more are out there.

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
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September 30, 2012, 08:32:15 AM
 #34

HOW MANY PPC DOES SUNNY KING HAVE? RIGHT YOU DON'T WANT TO KNOW! BUT I DO!

pff small penis ? try fontsize 72...

This is starting to feel like the SC sockies again trying to divert attention away from an honest question which should be asked by investors of PPC.

Seriously that was your comeback? The penis joke? What are you in like kindergarten?

LOL you so fail.... Cheesy

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September 30, 2012, 08:36:31 AM
 #35

LOL smoothie, you sounded a bit desperate. I have no obligation to reveal how many coins I have, just like Satoshi has no obligation to reveal his.

If it's all about a tiny chance to make some money this project likely would never have even gotten started. I am sorry to tell you that I have means to support myself otherwise and I don't really need the wishful profit you are so jealous about on top of plenty political risk to run head-on into some governments. I am honored to work for the cause of liberty, and that's all that really motivated me to see this project released. My guess that's the same motivation Satoshi had as well, otherwise Bitcoin wouldn't be born either.

Let's make some peace and move on with life now  Wink

I like how you ignored my comment in retort to you claiming you spent $100k-$200k of time on PPC. Good job.

Moreso I never said you HAD to tell people your coin total. I merely said that people should start questioning it. Get your facts straight.

Seriously this is starting to smell like coinhunter all over again. Sockies, diverting attention, lol.


Even SERVER defended coinhunter and told me to go fuck myself because I was trying to get answers when SC was released or re-released (LOL).

Hey SERVER, keep with the penis jokes, it suits you. LOL

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September 30, 2012, 08:57:48 AM
 #36

Seriously this is starting to smell like coinhunter all over again...
Even SERVER defended coinhunter and told me to go fuck myself because I was trying to get answers when SC was released or re-released (LOL).
Well maybe Sunny is coinhunter Wink

BTW I didn't watch solidcoin closely. Why was it not able to compete in the long run?

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September 30, 2012, 09:24:35 AM
 #37

Seriously this is starting to smell like coinhunter all over again...
Even SERVER defended coinhunter and told me to go fuck myself because I was trying to get answers when SC was released or re-released (LOL).
Well maybe Sunny is coinhunter Wink

BTW I didn't watch solidcoin closely. Why was it not able to compete in the long run?


Maybe. LOL.

SC still exists in some distant cave/basement somewhere.

███████████████████████████████████████

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AndyRossy
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September 30, 2012, 09:32:17 AM
 #38



HOW MANY PPC DOES SUNNY KING HAVE? RIGHT YOU DON'T WANT TO KNOW! BUT I DO!



HOW MANY LTC DOES SMOOTHIE HAVE? RIGHT YOU DON'T WANT TO KNOW! BUT I DO!

El Cabron
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September 30, 2012, 09:41:06 AM
 #39

Seriously this is starting to smell like coinhunter all over again...
Even SERVER defended coinhunter and told me to go fuck myself because I was trying to get answers when SC was released or re-released (LOL).
Well maybe Sunny is coinhunter Wink

BTW I didn't watch solidcoin closely. Why was it not able to compete in the long run?

I did wonder.

I don't think this is something I will get involved with after all.

Sorry El Cabron, you are banned from posting or sending personal messages on this forum.
Trolling
https://bitcointalk.org/index.php?topic=622250.msg7030081#msg7030081
Jutarul
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September 30, 2012, 09:45:37 AM
 #40

Well maybe Sunny is coinhunter Wink
I did wonder.
I don't think this is something I will get involved with after all.
Well, we may never know. And it doesn't matter. Judge ppcoin for the design it is - if there is a problem with the creator but the underlying design is good I suggest coming up with an alternative client. Same holds true for bitcoin.
Right know sunny is doing a good job though as far as I can tell.

The ASICMINER Project https://bitcointalk.org/index.php?topic=99497.0
"The way you solve things is by making it politically profitable for the wrong people to do the right thing.", Milton Friedman
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