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Author Topic: [PPC] The Future of Peercoin - Sunny King  (Read 5133 times)
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October 31, 2013, 12:28:04 PM
 #1

About 2 weeks ago, the Peercoin community put together a series of questions for Sunny King about the future of PPC. In an effort to start up conversations surrounding the coin and crypto in general, we'll post some of Sunny's responses to the Q&A that was hosted and hopefully develop a great dialog.

http://www.peercointalk.org/index.php



Update Nov 14

The intention of this thread was to have a great debate while also handing a few free coins for fun. Unfortunately, most people just posted wallet addresses.  Please see the main PPC giveaway for free coins, we're happy to give them out to the community. Smiley This thread will remain focused on debate.

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October 31, 2013, 12:33:18 PM
 #2

agree!

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October 31, 2013, 12:36:58 PM
 #3

Wow, Thank you Sunny King for you thoughtful answer. I strongly agree with this egalitarian view that the rich and poor can BOTH get richer together. Thanks to everyone who is encouraging this discussion, may it continue to be thoughtful and positive Smiley

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thanks Smiley

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October 31, 2013, 12:39:26 PM
 #4

Agree! No free PPC needed. Thanks though.

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October 31, 2013, 01:01:17 PM
 #5

I agree  Wink

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October 31, 2013, 01:01:33 PM
 #6

Agree and thanks for the free coins

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October 31, 2013, 01:22:07 PM
 #7

Agreed!

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Thanks!
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October 31, 2013, 01:26:44 PM
 #8

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Thank You !

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October 31, 2013, 01:28:39 PM
 #9

i agree

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October 31, 2013, 02:00:59 PM
 #10

Agree!

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October 31, 2013, 02:04:15 PM
 #11

Agreeeee

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October 31, 2013, 02:05:42 PM
 #12

"To encourage participation, the first 15 meaningful responses ."

The idea was to engage in a discussion, the PPC was just a token 'thank you'.  I don't mind giving out PPC out of my pocket, I just want to get your opinions and why.  The only way the Peercoin community can address critics is to know what they disagree with in the first place.

A few sentences is fine, tell us what you think!

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October 31, 2013, 02:25:53 PM
 #13

I disagree. PPC PoS is like stock split. Let's say I had 100 MSFT shares and they split 1:2. So now I have 200 shares not because I did something to earn more shares, but just because I owned shares. Did I actually get any richer? Not at all. I still own the same part of the company I did before, and share price appropriately dropped 50%. I think same should happen with PPC PoS. If people receive new coins as PoS the value of each coin should drop. So both rich and poor  shouldn't get any richer just because of PoS.

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October 31, 2013, 02:35:51 PM
 #14

Agree

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October 31, 2013, 02:42:41 PM
 #15

Hey, you guys rebranded the name!

I disagree with removing PoS because it is the main differentiators of PPC.

I disagree with the statement because using PoS is open to all. Everyone can do it and no-one is excluded.

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October 31, 2013, 02:43:40 PM
 #16

I agree.  Those with stake are both providing a service and taking on a particular type of risk.  They are serving the network by always having a set amount of stake; and they are also taking on risks by not having their money circulate (opportunity risks, dependence on others to provide the monetary velocity needed to support the economic value of PPC, and so forth).

I wouldn't say that PPC acts like centralized banking since money isn't collected and distributed to and from, but indeed some of the financial functions that are arrived from the way it works are similar.

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October 31, 2013, 02:44:27 PM
 #17

I think "the rich get richer and the poor get poorer" is stupid ideological nonsense in the first place. In a pure PoW coin, the rich get richer too. Or do you think the poor can afford high-end mining hardware?

In addition to what belltown has said I'd like to point out that PoS most likely makes a coin more stable than PoW with a hard cap on coin supply. Cryptocoins, like "real" money, get lost (in the sense that once a private key is lost the coins belonging to its address are effectively removed from the market). Therefore, pure PoW coins with a hard cap on coin supply effectively suffer from deflation. This is countered by PoS minting.

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October 31, 2013, 02:46:44 PM
 #18

agree

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October 31, 2013, 04:52:27 PM
 #19

SENT

1. Viscera
2. belltown
3. wachtwoord
4. hellscabane
5. pmconrad
6. Digicoiner
7. cc5alive
8. KrLos
9. flound1129
10.
11.
12.
13.
14.
15.

Let's get some additional debate moving!

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October 31, 2013, 04:57:31 PM
 #20

Ageed of course!

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