[ANN] [PEEP COIN] GUARANTEED VALUE - FREE ICO!!!

[Jerry S]

nice thread to reach this much responses without an active dev. does the free coins really given?

[notnormals]

nice thread to reach this much responses without an active dev. does the free coins really given?

Some were some weren't. Hopefully we will soon be able to continue from where it all went wrong.

[ricku]

nice thread to reach this much responses without an active dev. does the free coins really given?

Some were some weren't. Hopefully we will soon be able to continue from where it all went wrong.

Yeah, the dev ran away after selling some bunch of this crab peepcoin but what surprised me most is that he won the cex vote and waiting to be listed.

[notnormals]

nice thread to reach this much responses without an active dev. does the free coins really given?

Some were some weren't. Hopefully we will soon be able to continue from where it all went wrong.

Yeah, the dev ran away after selling some bunch of this crab peepcoin but what surprised me most is that he won the cex vote and waiting to be listed.

I am working on getting c-cex to list, just a small matter or huge premine to correct.

[ricku]

nice thread to reach this much responses without an active dev. does the free coins really given?

Some were some weren't. Hopefully we will soon be able to continue from where it all went wrong.

Yeah, the dev ran away after selling some bunch of this crab peepcoin but what surprised me most is that he won the cex vote and waiting to be listed.

I am working on getting c-cex to list, just a small matter or huge premine to correct.

@ notnormals, have you taking over peepcoin project?

[almightyruler]

NOW is the time to mine when diff is low, or buy when price is cheap. Why? Because the interest rate is high, so compounding will turn even a modest balance into a big one.

Consider this:

- You receive 100,000,000 PEEP, turn off your wallet, and forget about it
- 365 days later, you turn your wallet back on, and stake with a reward (interest) of around 100m PEEP
- Balance after 1 year: 200m PEEP. Not too bad.
- If you turn your wallet on once per year, after 3 years you'll have about 800m PEEP.

But now consider compounding interest:

- You receive 100,000,000 PEEP and keep your wallet running (or at least let it run for a bit every day or two)
- Your initial daily interest is roughly 1/365th of your principal (about 273k PEEP) per day, BUT, because you are staking regularly, you also earn interest on the interest. Your balance grows exponentially.
- Balance after 1 year: 270m PEEP
- Balance after 2 years: 732m PEEP
- Balance after 3 years: 1989m PEEP (nearly 20 times your original balance)

...and so on year after year, with the balance increasing by around 2.7 times per year. Because of this exponential explosion the effective returns become higher as time goes by.

...like really, really, ridiculously high (100 million PEEP left alone for 5 years turns into 14 billion PEEP), which is probably going to devalue the coin further.

So now is the time to build your balance.

[mightybohemoth]

Watch this space,

I have been talking with the dev and trying to find a solution. I have one that I think will work, but just waiting on the dev's response.

Does the old dev already answered you? I read that you are now working now on ccex. That huge premine would just move on it if he will not cooperate on what was on your plan right now.

[JamirOn]

So I'm confused now

Is peep coin  still on and legit to invest in? Or is it a bust already?

Did the main dev's abandoned it?
Or was there a takeover by somebody else ( who probably, but highly unlikely, didn't get around to this thread somehow) ?

"We" got to investigate this ppl... Hmm

[almightyruler]

So I'm confused now

Is peep coin  still on and legit to invest in? Or is it a bust already?

Did the main dev's abandoned it?
Or was there a takeover by somebody else ( who probably, but highly unlikely, didn't get around to this thread somehow) ?

"We" got to investigate this ppl... Hmm

- 'peepcoin' the original dev has stopped posting in this thread but the account is still active (profile shows a login around 3 hours ago)
- notnormals has given out some free PEEP and looks to be doing some behind the scenes stuff to move things forward.
- I have compiled a new client to make it easier for people to connect and have also done some analysis of the source code.
- morantis and madmartyk have provided a compelling running commentary of the whole mess that is the peepcoin project.

Right now you can buy PEEP quite cheap at https://www.coinexchange.io/market/PCN/DOGE . See my post above about compounding interest.

[megacryptonstatus]

Trade PEEPCOIN with Megacrypton.com

BTC/PEEP[Current Rate: 0.00000001]: https://live.megacrypton.com/market/56
LTC/PEEP[Current Rate: 0.00000004]: https://live.megacrypton.com/market/57

[notnormals]

I like this coin for some strange reason and I would like to see it survive. I have been in PM with Dev and trying to get him to surrender a chunk of pre mine. C-cex have said it will be listed once pre mine issue is sorted.
If dev does play, I think even he will see its better in the long run. I would like to continue the handout of coins and give the coin some life.
If all hinges on if the dev will agree, I will let you know any progress.

[almightyruler]

I like this coin for some strange reason and I would like to see it survive. I have been in PM with Dev and trying to get him to surrender a chunk of pre mine. C-cex have said it will be listed once pre mine issue is sorted.
If dev does play, I think even he will see its better in the long run. I would like to continue the handout of coins and give the coin some life.
If all hinges on if the dev will agree, I will let you know any progress.

Good work. I've been drawn to this coin too. Hope you can reach some compromise with him, and we can move forward.

I've been doing some more calcs based on the 100% p/a compounding interest. If we can burn enough premine that we have, say, a supply of 5 billion, then it will look something like this:

day 0: 5 billion
6 months: 11.3 billion
1 year: 22.3 billion
2 years: 69.2 billion
3 years: 196.0 billion

Note that this includes around 14 million worth of PoW mining being added to the money supply each day (which also compounds)

So in only 3 years a "current" coin supply of 5 billion blows out to nearly 200 billion. In 5 years it will be 1.5 trillion. That's massive.

I think we may have a problem in years to come, because the block rewards are already fairly high, and due to compounding interest the money supply is going to end up being a huge number. How much do you value a single coin when there's 200 billion of them?

Perhaps we could look at a future hard fork that reduces the PoS interest, and either disables PoW or introduces block reward halving, so that things don't get out of hand.

[almightyruler]

And just for some fun...

You receive your 555,555 free PEEP

And 1 PEEP = $1 USD

If you let it sit there for a year, you would be a millionaire ($1.5m), and would be earning over $4000 a day just in interest.  

[bram_vnl]

NOW is the time to mine when diff is low, or buy when price is cheap. Why? Because the interest rate is high, so compounding will turn even a modest balance into a big one.

Consider this:

- You receive 100,000,000 PEEP, turn off your wallet, and forget about it
- 365 days later, you turn your wallet back on, and stake with a reward (interest) of around 100m PEEP
- Balance after 1 year: 200m PEEP. Not too bad.
- If you turn your wallet on once per year, after 3 years you'll have about 800m PEEP.

But now consider compounding interest:

- You receive 100,000,000 PEEP and keep your wallet running (or at least let it run for a bit every day or two)
- Your initial daily interest is roughly 1/365th of your principal (about 273k PEEP) per day, BUT, because you are staking regularly, you also earn interest on the interest. Your balance grows exponentially.
- Balance after 1 year: 270m PEEP
- Balance after 2 years: 732m PEEP
- Balance after 3 years: 1989m PEEP (nearly 20 times your original balance)

...and so on year after year, with the balance increasing by around 2.7 times per year. Because of this exponential explosion the effective returns become higher as time goes by.

...like really, really, ridiculously high (100 million PEEP left alone for 5 years turns into 14 billion PEEP), which is probably going to devalue the coin further.

So now is the time to build your balance.

But if the network is dead?

[madmartyk]

NOW is the time to mine when diff is low, or buy when price is cheap. Why? Because the interest rate is high, so compounding will turn even a modest balance into a big one.

Consider this:

- You receive 100,000,000 PEEP, turn off your wallet, and forget about it
- 365 days later, you turn your wallet back on, and stake with a reward (interest) of around 100m PEEP
- Balance after 1 year: 200m PEEP. Not too bad.
- If you turn your wallet on once per year, after 3 years you'll have about 800m PEEP.

But now consider compounding interest:

- You receive 100,000,000 PEEP and keep your wallet running (or at least let it run for a bit every day or two)
- Your initial daily interest is roughly 1/365th of your principal (about 273k PEEP) per day, BUT, because you are staking regularly, you also earn interest on the interest. Your balance grows exponentially.
- Balance after 1 year: 270m PEEP
- Balance after 2 years: 732m PEEP
- Balance after 3 years: 1989m PEEP (nearly 20 times your original balance)

...and so on year after year, with the balance increasing by around 2.7 times per year. Because of this exponential explosion the effective returns become higher as time goes by.

...like really, really, ridiculously high (100 million PEEP left alone for 5 years turns into 14 billion PEEP), which is probably going to devalue the coin further.

So now is the time to build your balance.

But if the network is dead?

Network isn't dead, there are just no pools out there.  The only way to mine peeps is to solo mine.

[rorschach1]

how can i reicive free peepcoin?

[madmartyk]

how can i reicive free peepcoin?

Don't you people read threads, the DEV is gone, There are no free coins, if you want coins, take a couple hundred DOGE and buy a million of them!!

[chichidori]

Clearly many people have not been updated on what is happening in this thread and the`y keep on posting where is my free coins the dev only give out 19 share and keep a whole lot of it. so no more to see here go one with the other ICO C-CEX listing got burned.

[almightyruler]

I think this unconstrained hyperinflation is going to become a real issue, and quite soon. It really needs to be addressed promptly.

It's nice when your balance increases by 2.71 times in a year just by leaving your wallet open, but remember everyone else's balance will also increase by the same factor. In effect the value of a given amount of currency will decrease by 2.71 times over a year, so the price of any product (including BTC or DOGE) purchased with PEEP will constantly rise.

Possible solution:

1. Fixed PoS reward. Everyone who stakes gets an identical reward, regardless of how much they're staking. This will stop the runaway coin supply because there is a maximum limit on how much the network can mint.

- With a reward of 10,000 and block spacing of 60 seconds, the network will mint a maximum of 14.4 million per day via PoS.

- With the current 100% p/a system and nearly 40 billion PEEP coin supply, the network can mint around 109 million per day via PoS. After 1 year it will be minting 295m/day, and after 5 years it wll be minting a massive 15.9 billion/day... I'll repeat that again, the network will be adding nearly sixteen billion new peepcoins PER DAY to the coin supply.

2. Staged reward halving for PoW mining, possibly abandoning PoW altogether at a certain block (as was originally intended)
2a. Possibly also reward halving for PoS, so that in the long run the network is mostly circulating existing coin supply.

Note that any changes to PoW or PoS configuration requires a hard fork, so we would need wide agreement from participants (including exchanges).


tl;dr if there is no change products and services will have to be priced at increasingly ridiculous amounts as the coin supply grows exponentially and you need more and more PEEP to represent the same value. Today a cup of coffee costs about 50 million PEEP; in 5 years time it will cost 7.3 billion PEEP. 

[madmartyk]

I don't like idea 1, it give no incentive to hold the coin.
I do like halving, like at block 50K, the reward goes down to 5K and every 25,000 block it halves again.