Is PPC a better store of long term value than BTC

[jubalix]

If i understand correctly,
[1] PPC takes a lot less power to keep the system secure
[2] Transactions cost more, but you can mint to cover some of this
[3] Inflation is low, eg much lower than LTC, and similar to btc (not sure about this)
[4] inflation some what cancelled out by high transaction fees??

accordingly does PPC make a better long term storage of wealth than BTC?

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[StewartJ]

The way I view PPC from am investment standpoint...

- After Btc and Ltc... its entrenched as the defacto 3rd alt coin
- It has the third largest market capitalization, past $10 million now
- It has the novel feature of proof of stake, differing from Btc and Ltc
- its actively traded on btc-e and all the other secondary alt exchanges
- if history of ltc is any indicator, ppc should follow in trade value in the next 1-2 years.

In short, there is no reason for ppc not to be in the $3-$5 range by 2015.

Am going long with ppc here, a bargain at 60¢ each now.

Best,
Stew

[bobbahope]

Hey,

I found a pretty good answer to this question here

http://www.reddit.com/r/peercoin/comments/1q6puu/help_me_persuade_my_friend_that_peercoin_litecoin/

Aside from that I think Inflation is going to be very low for the immediate future, as although there is a built in 1 percent annual inflation in the coin, the supplemental inflation from mining is rapidly disappearing as the higher difficulty soars the lower the block reward goes(built in halving of block reward for every 16x increase in difficulty) this is much lower than the inflation rate currently being seen by coins such as Primecoin, Litecoin, or Bitcoin where the minting process is giving a far higher inflation rate.


Secondly I think Peercoin's Proof of Stake is going to be far safer than proof of work, as while proof of work relies on no single person buying enough equipment to  take control of the block chain, Proof of stake just takes that out of consideration, As said person would need to own an enormous chunk of all peercoins to be able to affect transactions so, which becomes increasingly relevent once you realize;

There is no longer any way to get that many peercoins through mining, as even if you point a couple thousand ASIC's at peercoin they will get you quite  a few blocks, but they will also greatly reduce the number of coins minted through mining.

If you try to buy that many coins, it is doable, but it would cause the price of the coin to rise, and by the time you have enough coins to pull off an attack you would have so much money invested that the fall in prices caused by the attack would make it completely unprofitable.

Proof of work has its own reasons for not having 51 or 25 % attacks, but they all rely on faith in that miners won't act selfishly, while Peercoin's proof of work only relys on that anyone who spends enough to buy half to a quarter of peercoins wouldn't go around shooting themselves in the foot, if they ever managed to buy enough coins given that any such large transactions would cause the price to shoot through the roof.

[tazman]

Overall I like PPC, but my concern for long term investment COMPARED to Bitcoin is that PPC has no maximum coin cap.  Bitcoin's definite cap of 21 million coins makes it less prone to inflationary forces which can cause the long term price to trend lower.  Most fiat currencies have lost somewhere around 95%-99% of their buying value in the last 100 years, simply because there is no maximum currency cap and printing continues unabated over the decades.

[qu.fadep]

If i understand correctly,
[1] PPC takes a lot less power to keep the system secure
[2] Transactions cost more, but you can mint to cover some of this
[3] Inflation is low, eg much lower than LTC, and similar to btc (not sure about this)
[4] inflation some what cancelled out by high transaction fees??

accordingly does PPC make a better long term storage of wealth than BTC?

For me the LTC will die than the PPC will reach at least 10 USB before 2015. BTC will never die but LTC is based on script that could be vulnerable. PPC has the same algoritm of BTC also it has the innovation of proof of stake. This is my opinion. Bye 

[Lauda]

PPC has potential but I don't see it gaining that much traction.

[DeathProxy]

I really like the concept of ppc. If ppc has the enough advertising I'm sure it can rival bitcoin.

[Lauda]

I really like the concept of ppc. If ppc has the enough advertising I'm sure it can rival bitcoin.

There are better POS coins though.

[belltown]

does PPC make a better long term storage of wealth than BTC?

No, because in the long term the price of any alt coin is always going down vs Bitcoin. No matter how good the alt coin is.

[daviducsb]

What is the easiest way to buy about $1,000 worth of PPC?

[tacotime]

My portfolio is 2 BTC : 5 LTC : 1 PPC.

LTC has by far a better history of price stability than BTC and PPC in my opinion, I considered the latter two more risky but worth a little investment into.

[tacotime]

I really like the concept of ppc. If ppc has the enough advertising I'm sure it can rival bitcoin.

There are better POS coins though.

Has anyone implemented a novel non-PPC PoS coin?  I have a detailed proposal that should work given for MC2, but I haven't heard a lot about other systems.

[tazman]

does PPC make a better long term storage of wealth than BTC?

No, because in the long term the price of any alt coin is always going down vs Bitcoin. No matter how good the alt coin is.

I can't imagine Bitcoin being the only crypto in the long term.  Many alt coins be successful.  Eventually some will equal or surpase Bitcoin. 

[QuantPlus]

People get car loans/leases every day. It's a baby business transaction.

Imagine taking out $10,000 BTC car loan in October...
Now you owe $20,000 in BTC, baby... and your car is now worth < $10,000.

That's why Bitcoin is a total non-starter as a currency...
But it's gonna do great as a commodity.

Unless an Alt can manage volatility...
By linking it's value to something like gold or a commodity basket...
Or have a professional futures exchange to hedge volatility...
Crypto coins cannot be used in even SIMPLE real world business transactions.

[teddyb797]

the 1% interest makes it a better wealth storage but i don't know if it ever gain as much popularity as bitcoin.

people always value the original, that said ppc is the original pos coin; first of its kind.

[teddyb797]

What is the easiest way to buy about $1,000 worth of PPC?

i think the easiest way is to buy bitcoin through coinbase then buy ppc through btc-e.

but you can give coinmkt or crypto-trade a go, they have direct ppc-usd.

[Lauda]

What is the easiest way to buy about $1,000 worth of PPC?

buy bitcoin first and send it onto an exchange.

[Ecurb123]

The way I view PPC from am investment standpoint...

- After Btc and Ltc... its entrenched as the defacto 3rd alt coin
- It has the third largest market capitalization, past $10 million now
- It has the novel feature of proof of stake, differing from Btc and Ltc
- its actively traded on btc-e and all the other secondary alt exchanges
- if history of ltc is any indicator, ppc should follow in trade value in the next 1-2 years.

In short, there is no reason for ppc not to be in the $3-$5 range by 2015.

Am going long with ppc here, a bargain at 60¢ each now.

Best,
Stew

that's pretty much how I see it, now that my block eruptors are useless on btc, they've been full time on ppc

[Lauda]

My portfolio is 2 BTC : 5 LTC : 1 PPC.

LTC has by far a better history of price stability than BTC and PPC in my opinion, I considered the latter two more risky but worth a little investment into.

LTC is a no no for me. Otherwise that's a good way of handling your portfolio.

[Yurizhai]

Overall I like PPC, but my concern for long term investment COMPARED to Bitcoin is that PPC has no maximum coin cap.  Bitcoin's definite cap of 21 million coins makes it less prone to inflationary forces which can cause the long term price to trend lower.  Most fiat currencies have lost somewhere around 95%-99% of their buying value in the last 100 years, simply because there is no maximum currency cap and printing continues unabated over the decades.

Do you understand what you're saying? PPC has only been out for a year and it has a lower inflation rate than BTC. Even if you were born today you will not see 100 million PPC before you died. Also it technically does have a cap which is 2 billion, but again most people on this board won't even see 50 million in their lifetime.