State of Peercoin = Dire ?

[veryverysadpanda]

So I have been holding peercoin for a few years now and I have a large stake in it. While I have never posted on their forums I have been reading them for some time, lurking if you will. The developers weekly updates are the same every week and have been for months. Then I read this post on their forums and it got me thinking.

https://www.peercointalk.org/index.php?topic=4281.0

So I'm new to peercoin and cryptocurrency in general, but I have some questions and concerns, first off, this forum seems dead. The price of bitcoin is going up but peercoin seems frozen or falling. So my question is this, what's being done that might address this? Or is everyone just waiting for the price of bitcoin to pull up the price of this coin? Not trying to be negative, i'm new, and just don't understand what's going on. I have read the last few months of the devs updates, but it seems to just repeat the same information, something, vrs5 I think, is in testing. I don't know what that means. I have been reading a lot of threads on this forum over the last week to find answers but it only created more questions in my mind.

It seems like there was lots of mining pools for this coin only a year ago, and lots of activity on this forum, but now it seems nothing but tumbleweed. Then there is the post from that guy in charge of marketing that says he is bored and leaving. Should I just convert my ppc to bpc and repoint my antminers at antpool?  The trend towards centralization of Bitcoin is what pushed me to find a stable altcoin, and peercoin from what I read seems to have addressed all of bitcoins flaws. But will centralization even be a problem in my lifetime?

Those videos on the main site is what ultimately convinced me to choose peercoin, but after reading the market forum I found out the guy was paid to make them. Where I thought it was a honest review it turns out it was a paid marketing campaign. The current situation is making me nervous and while I can afford to loose all the money I have invested, I'd rather not. I'm not trying to trash this coin, I want it to succeed considering I have a stake, just wondering if I am the only nervous or maybe i'm just being paranoid. Also, what is going on? What's the plan? Thoughts?

It was not so much the post itself but the responses to it that got me worried. I'm getting the feeling that Sunny King, the developer, quit when the price tanked and there is no developer at all at the moment. And maybe someone who has access to the backend of their site took over his account and started posting on his behalf to make the holders of peercoin think he is still around. This is all speculation on my part as I have no proof. But the development of this coin stopped around the same time the github stopped being updated. Or maybe it is him posting but he isn't doing anything because he is stuck and too proud to ask for help. There is no way it takes 6 months to test code that is allegedly finished already. No updates, coin price and rank dropping daily, something is not right. I think this coin is dieing and I think I may sell my stake before it's too late. 

I like the idea of this coin, perhaps there are developers in this community with nothing better to do that could go over and help save this coin from death. That is my only goal in posting this. Something is wrong and it needs to be fixed. Peercoin invented PoS and I think it should live.

P.S. And yes, this account was created just to make this post. And yes, you are dumb if you just take it at face value without doing any research yourself to see if it's a bullshit troll. If you do take the time to research my claims, you will see that they check out.

[K210]

The state of peercoin at the moment is indeed dire however once V0.5 is released in december a lot of things will start moving. Peerapps which will allows data transactions to occur on peercoins blockchain and peerunity 0.1.2 are just some of these projects. Peercoin has been developing at a slow pace for the last 1.5 years but it is still alive, you have to ask yourself how many coins from the 2012 era are still around and kicking - the answer not a lot. This speaks volumes about peercoins design for long term sustainablity.

[tokeweed]

Looks dire, but it has staying power like LTC. 

[BitcoinNational]

Dire ... wat?

Yes.  It has staying power like LTC.

Now look what they did with all the capital ... Nushares project. Works.  Blockshares. Likely going to compete well in Crypto 2.0.  And dusty old prime in the background.

Peer is on the level with ETH, BTS, NXT ... it may surpass them too.

[nutildah]

Tell me, exactly what does one do with a Peercoin?

I've never seen them accepted anywhere, for anything, by anybody. Nobody ever brings it up unless they are talking about Primecoin, which is by far the more interesting coin.

I've had a nominal amount in my portfolio for almost a year, but I'm just going to hodl it till the end of time since its not worth very much any more.

[hicaribou]

Will anybody dump Peercoin? to $0.1 or $0.01 ... ...

[tokeweed]

Tell me, exactly what does one do with a Peercoin?

I've never seen them accepted anywhere, for anything, by anybody. Nobody ever brings it up unless they are talking about Primecoin, which is by far the more interesting coin.

I've had a nominal amount in my portfolio for almost a year, but I'm just going to hodl it till the end of time since its not worth very much any more.

Exactly, I'm thinking that too.  But again, it has staying power.  That's worth something in the altcoin scene at least.

[RKing]

The market capitalization of peercoin is till in the top 10. Why is it dire? It seems there is continuous development in peercoin.

[BitcoinNational]

Tell me, exactly what does one do with a Peercoin?

I've never seen them accepted anywhere, for anything, by anybody. Nobody ever brings it up unless they are talking about Primecoin, which is by far the more interesting coin.

My Mongolian friend you are looking at it from the wrong angle ... I can't buy anything with Apple or Google Shares ... look at from the DAC share angle ... my opinion is PPC is one of the more productive less talkative DACs.


Prime might shake out to more of a currency, use it to buy things ... but we are still 2-3 years before any coin is treated as 'money' besides the Big3.  

[benthach]

peercoin should call itself a platform, every scam coins now call itself a platform and bump it to 2.0 which do much better.

[The Sceptical Chymist]

Tell me, exactly what does one do with a Peercoin?

I've never seen them accepted anywhere, for anything, by anybody. Nobody ever brings it up unless they are talking about Primecoin, which is by far the more interesting coin.

I've had a nominal amount in my portfolio for almost a year, but I'm just going to hodl it till the end of time since its not worth very much any more.

It's just another altcoin that never gets used for anything.  Even bitcoin doesn't ge spent.  It's like trying to spend a bowling ball, these coins.  There are much easier ways to do transactions.  But hey--preev.com still lists it, so that tells you something.  Not sure what, but it's something.

[Spoetnik]

PPC ..an OLD POS coin.
Does it work ?
Well then go use it..

Now what again about continued development means it's BROKEN ?
This is repeated throughout crypto like a broken record by all of you.
I have ranted a million times to deaf ears.

Why do you all expect a coin to be in a permanent state of transition into something else ?
Do you code ?
I sure as fucking hell do and i learned some things..
One sure fire way to fuck up your program and to bloat it to hell & back
is to keep on tinkering with it.. needlessly !

If it ain't broke ? Don't fucking fix it.
So when i see comment # 5 million & 1 ask where is the "WhitePaper" & "Road Map"
i have to wonder what in gods name do you expect from a currency ?
Persistent 24/hrs a day development simply for the purpose of showing activity ?
All for the sole purpose of catering to Investards to reassure them there is activity ?
Is a coin dead unless it has ANY code update on Github per 24/hrs ?

If there is some part that needs* to be worked on then fine ask about that.
But that is never what were talking about.. clearly this topic is asking about general coding activity.
Then i wonder..
Does this old POS coin NEED SunnyKing to work on it ?
Can someone else step up when a TRULY big problem arises ?
An old coin with staying power would be fixed i have no doubt if it became broken.
I don't see the need to worry about it.
"DIRE" ?
Uhh how's that ?

See why Ethereum is getting popular ?
Continued *claims* active development..
Impossible goals ? Doesn't matter !
Boring ? It has Dapp's
Something to cling to for idiots ? yup complicated banter / jargon.

It's a shit coin idiot Investard Shitcointalk HappyMeal for greedy morons.

PPC is is fucked ?
What does that have to do with using it as a currency ?

I think you all forgot about your own personal responsibility.
You expect a coin to be coded 24/7 for life ..for TRADING (for YOUR profits)
Then you bad mouth the dev because the coin is not worth $1,000 each
This clearly is because of a lack of code updates and future Feature plans huh ?
At what point do you take the usable currency and go out and get it adopted by yourself or others ?
If a currency held by a group of users is not used i would not blame the currency maker for it's failure..
I WOULD BLAME ALL OF YOU FOR NOT USING IT !

PS:
The Crypto "Platform" 2.0 crack / joke was pretty funny  

PPS:
Hey smart fuckers i got a little riddle for you.
Why is all coin code added to Github ?

EDIT:
No i don't have any of SunnyKing's coins and i have not for a year or two.

EDIT2:
CALL THE POLICE !
The Lame MP3 encoder has not had a new release since 2012 guys..
It's BRokeded !!!!11111ONE LIEKOMG