THE LTC effect ON BTC

[drawingthesun]

PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.

I like the idea of PPC but there are still issues.

Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.

yes but it appears there will be some 2 million less PPC all told...I may be wrong

2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.

*There is a 2 billion upper limit but its meant to be unlimited.

That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't

[1715247368]

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[1715247368]

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[justabitoftime]

Let the market decide, period.

[jubalix]

PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.

I like the idea of PPC but there are still issues.

Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.

yes but it appears there will be some 2 million less PPC all told...I may be wrong

2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.

*There is a 2 billion upper limit but its meant to be unlimited.

That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't

see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.

take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march

take a look

http://www.proofofstake.com/

(takes a while to load)

[herzmeister]

http://www.proofofstake.com/

(takes a while to load)

(how come? does it first have to do some proof of work?  )

[drawingthesun]

PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.

I like the idea of PPC but there are still issues.

Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.

yes but it appears there will be some 2 million less PPC all told...I may be wrong

2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.

*There is a 2 billion upper limit but its meant to be unlimited.

That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't

see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.

take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march

take a look

http://www.proofofstake.com/

(takes a while to load)

Now I am really confused, the POS is not meant to stop, Sunny intends POS to mint 1% inflation forever. If its stopped then something is wrong. Right?

[jubalix]

PPC needs to work out the checkpoint issue and also someone mentioned that POS can still be gamed.

I like the idea of PPC but there are still issues.

Also PPC can never be 1:1 with Bitcoin unless Bitcoin actually fails, because there are already more PPC than Bitcoins in existence.

yes but it appears there will be some 2 million less PPC all told...I may be wrong

2 million less? I may be mistaken but at the moment there are more PPC than BTC and PPC will continue to expand the currency supply quicker than BTC for all eternity, being as there is no upper limit for PPC*.

*There is a 2 billion upper limit but its meant to be unlimited.

That means if both PPC and BTC continue to exist BTC will always be more valuable because there will always be more PPC, unless BTC fails and PPC doesn't

see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.

take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march

take a look

http://www.proofofstake.com/

(takes a while to load)

Now I am really confused, the POS is not meant to stop, Sunny intends POS to mint 1% inflation forever. If its stopped then something is wrong. Right?

nope.jpg

this is exactly why I think PPC has potential people skim the headlines but don't look at the detail....!

[jasinlee]

Now if only ppc's dev would publish any documentation explaining his code instead of trolling on sockpuppets saying oh this is the best thing ever. Everyone look at my PP its beautiful touch it!

[Sunny King]

see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.

take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march

take a look

http://www.proofofstake.com/

(takes a while to load)

Andy's site probably stopped reading data (maybe he didn't upgrade to v0.3, haven't seen him for a long time).

Inflation in ppcoin hasn't stopped, although it's approaching lower inflation faster than litecoin does at the moment (litecoin ~60%, ppcoin ~ 50% at the moment).

[drawingthesun]

see this is exactly why I think PPC could do it so many people have not read in depth and thought about it.

take a proper look at the 2 billion thats purely hypothetical.....new coin generation stopped dead around the 25th of march

take a look

http://www.proofofstake.com/

(takes a while to load)

Andy's site probably stopped reading data (maybe he didn't upgrade to v0.3, haven't seen him for a long time).

Inflation in ppcoin hasn't stopped, although it's approaching lower inflation faster than litecoin does at the moment (litecoin ~60%, ppcoin ~ 50% at the moment).

Sunny, can you please confirm if PPC will inflate around 1% for all eternity, due to POS? Some users think this is the case, and others believe that PPC minting will stop completely like Bitcoin.

[Sunny King]

Sunny, can you please confirm if PPC will inflate around 1% for all eternity, due to POS? Some users think this is the case, and others believe that PPC minting will stop completely like Bitcoin.

Maybe, but 1% is only an upper bound for proof-of-stake inflation. Remember transaction fees are destroyed as well, so it's hard to predict the future.

People get too hang up on inflation I think. It doesn't really matter that inflation is at 0% or 1%, are you really planning to hoard bitcoin for 100 years? I designed ppcoin's inflation model to resemble gold. I believe gold's scarcity property is good enough, no need to go to extreme like bitcoin's hard cap, not to mention it could potentially cause stress on bitcoin's transaction fee model in the long term.

[lupuz]

you're forgeting abou the al-mighty-BBQ, which will shake the worldwide economy!