I would be grateful if you wanted to help inform me on PPCoin, I myself tried my hardest to understand, but if you are able to help me I would appreciate it very much
Thanks
Hi
you said :
"POS is proof that you have the coins, POW is proof that coins exist, thats a simplification"
no, its not simplification, its plain wrong.
POS - ok ! POW - its proof of how hard you worked on hashing , it has nothing to do with coins, you can do POW without any coins.
you said :
ppc's quantity is proportional to popularity , and there is no limit for it.
no.
PPC's are minted in [almost] non stop lowering rate, just like bitcoin. just not pre-hardcoded , but smoothly decreasing with rising of hashpower.
this actualy means creation curve is very similar to bitcoin, we just cant predict EXACTLY how many there woulb be.
[not important right now]
the true difference wil show itself after many years - when there would be almost no new coins reward for POW in BTC and PPC.
BTC reward will be only transfer fees, and PPC will have POS reward of 1% per year and fees destroyed. that actually might be deflationary if there would be a lot of transfers. predictions that long in future have no sense, since there can be some protocol tuning in the meantime.
[/not important right now]
you said :
"you are geting mone for holding ppc, there is difference beatween 30-90 days"
"PPC is not for trading, its for investment. "
well, no.
you allways get 1%. 30-90 days is just a function to enchance safety and smoothnes of the POS system, it has nothing to do with the reward.
1% roi is way to low to be any factor as an investment for a long time. especially in that volatile market.
dust protection and high number of coins is perfect for trading.
there are PPC bounties set for making trading them easier.
if you want to make more ppc videos, I really can help with information.
I took a lot of Sunnyking's time for him to educate me on PPC, now I can repay him by helping others to understand it.