Peercoin is so underrated these days

[Abiky]

Peercoin, the one cryptocurrency that pioneered "Proof of Stake", designed by Sunny King himself. Before ETH came up with the PoS idea, Peercoin was already one step of ahead. It's a hybrid coin (PoW + PoS) with a finite supply. Despite being the one crypto that came with the concept of PoS, it was left behind in the dust in favor of newer coins.

At the time of this writing, 1 PPC is worth $0.31. I'd say it's extremely-undervalued. Still, is there hope for the project to make a comeback? It seems to me that Sunny King (PPC creator) ultimately abandoned the project via the launch of a new one called "V Systems" (which turned out to be a huge failure). Primecoin is Peercoin's "sister project" and it's still around. But it's also long lost and forgotten.

What's your opinion on this? Your input would be greatly appreciated.

[FinneysTrueVision]

There was several altcoins that pioneered different concepts. I can think of Bytecoin and Bitshares, that were more than just a copy and paste fork of Bitcoin. These coins were simply ahead of their time. In some cases, like Bytecoin, their tech was solid but people considered it a scam because most of its supply was pre-mined.

Ethereum also had a large pre-mine, but they were more transparent about it. ETH managed to succeed where other coins failed because their smart contract capabilities were more advanced. This attracted developers. With so many possible applications, it also gained lots of attention from investors.

Those forgotten altcoins won’t be coming back because they’ve been surpassed on every level. Those newer coins that built on their innovations are continuously evolving and improving and have reached a point where it’s nearly impossible for older coins, with less developer resources, to catch up to them.

[bangjoe]

I don't know, all altcoins end up the same and that makes me lose faith in altcoins and what's worse, no matter the technology behind it, it's still abandoned after more hyped coins even with lower grades, if Peercoin can be adopted by many communities and or its network is supported by many developers, it might increase interest again, but what can you do? Nothing will last long, the crypto market adapts faster to something new, if a product is too late than others, it will lose interest.

[tokeweed]

Peercoin,

LOL

[Odohu]

I'm just learning about that coin now and that is extremely strange considering that they are actually have a very god concept. Maybe they dod not do their marketing wel which is why they are having the problem of extinction as it is looking like. It could also be that my attention have been main focus as I hardly look lpok at these altcoins. Bit the price yiu called is really tempting to make someone buy small portion and hold.

[AVE5]

I don't know, all altcoins end up the same and that makes me lose faith in altcoins and what's worse, no matter the technology behind it, it's still abandoned after more hyped coins even with lower grades, if Peercoin can be adopted by many communities and or its network is supported by many developers, it might increase interest again, but what can you do? Nothing will last long, the crypto market adapts faster to something new, if a product is too late than others, it will lose interest.

The AltCoin market had muchly been dominated by seasonal Crypto Currencies whereas, as it attributes potential valuation of prospects, and as much it earns investors interests to invest on, it's usually somehow maneuvered in the terms that's best known by the inventor and teams leading to the crash of the coin which we may assume they're core driving values basically by hyping.
While several issues had occurred in the AltCoin space with no specified problem identified to why the project has to fadlarge, investors becomes skeptic and loosing their interests even when the dead coin awakes again. This also had made lot of investors lost interest entirely in the Alt market at large.

[nutildah]

It is definitely interesting from a historical perspective but probably not good from an investment standpoint.. Why? Because there's loads of other "innovative" coins that have fallen to the wayside... nobody except for nerds like us care about them or remember them.

Namecoin
Devcoin
IXCoin
Blackcoin
Whitecoin
Primecoin
NXT
NEM
Bitshares
Bitshares 2.0
NEO
EOS
Nano

The list goes on

[bangjoe]

I don't know, all altcoins end up the same and that makes me lose faith in altcoins and what's worse, no matter the technology behind it, it's still abandoned after more hyped coins even with lower grades, if Peercoin can be adopted by many communities and or its network is supported by many developers, it might increase interest again, but what can you do? Nothing will last long, the crypto market adapts faster to something new, if a product is too late than others, it will lose interest.

The AltCoin market had muchly been dominated by seasonal Crypto Currencies whereas, as it attributes potential valuation of prospects, and as much it earns investors interests to invest on, it's usually somehow maneuvered in the terms that's best known by the inventor and teams leading to the crash of the coin which we may assume they're core driving values basically by hyping.
While several issues had occurred in the AltCoin space with no specified problem identified to why the project has to fadlarge, investors becomes skeptic and loosing their interests even when the dead coin awakes again. This also had made lot of investors lost interest entirely in the Alt market at large.

Most of the reasons why they fail are because they didn't build a bad system and the developers were looking for profit as the main goal, we can see in their white paper, tokenmics, the actions taken by the developers, how many coins there are and how to regulate inflation. The system was not created for the benefit of the community, most projects are only concerned that when they have onchain activity or interaction then they have to look for big profits, and this is a wrong concept, so when the project has no activity the developers run away, just like the coin that the OP is talking about.

[nutildah]

Now I remember the reason I stopped visiting this section.

Most of the reasons why they fail are because they didn't build a bad system and the developers were looking for profit as the main goal, we can see in their white paper, tokenmics, the actions taken by the developers, how many coins there are and how to regulate inflation. The system was not created for the benefit of the community, most projects are only concerned that when they have onchain activity or interaction then they have to look for big profits, and this is a wrong concept, so when the project has no activity the developers run away, just like the coin that the OP is talking about.

Your account is from 2017 yet you apparently know nothing about anything. You never even learned how to write properly. Jesus Christ.

[jossiel]

I remember that peercoin and some of the other altcoins that have been in the top 100 spot before. I think despite that they've got a good narrative and system that they've introduced.

These ecosystem is designed to replace one and the other when something new comes it.

It's no longer about how good the project is but about the support of the community that it has got and how active the devs will be.

[tokeweed]

It is definitely interesting from a historical perspective but probably not good from an investment standpoint.. Why? Because there's loads of other "innovative" coins that have fallen to the wayside... nobody except for nerds like us care about them or remember them.

Namecoin
Devcoin
IXCoin
Blackcoin
Whitecoin
Primecoin
NXT
NEM
Bitshares
Bitshares 2.0
NEO
EOS
Nano

The list goes on

Damn...  I still remember these coins like it was yesterday.  The vibe was way different back then.  It was a lot more fun being in crypto and somehow I kept having this positive feeling inside that we'll all make it someday.  I'd like it to be back to that...  Had so much fun.

As for that list, I got into Blackcoin, NXT and Bitshares.  Didn't really make a lot.  Lol.  But my biggest miss was NEM!  I had the opportunity to get into their ICO but faded.  That thing went 1000x and made many people rich.

[o48o]

There was several altcoins that pioneered different concepts. I can think of Bytecoin and Bitshares, that were more than just a copy and paste fork of Bitcoin. These coins were simply ahead of their time. In some cases, like Bytecoin, their tech was solid but people considered it a scam because most of its supply was pre-mined.
-cut-

Bitshares was very interesting back in time, and it would have probably grown bigger if creator wasn't hopping from project to another out of boredom.

OP: Yeah, there could be a trend coming where old projects are seen as undervalued and rekindled for a moment. But undervalued in terms of what measurements, and compared to what exactly?

Someone could say that there are just countless of projects that are overvalued above the Peercoin marketcap.

Or that there are also many projects with active and talented developers with backed funding and many of them are building new things. So if the main card for some crypto is that it had some proto technology at the time, then it seems like it's only has been nostalgia that keeps it some how not dying. Then NXT, Bitshares and i think Counterparty are undervalued as well (among many others).

[ANSEL_2.0]

No one cares about alternative utility coins anymore, what we have now are people who have been disappointed too many times with altcoins, now all they care about is some pump and taking instant profits.

[JeromeTash]

At the time of this writing, 1 PPC is worth $0.31. I'd say it's extremely-undervalued. Still, is there hope for the project to make a comeback?

I doubt it will make a comeback. People have moved on, and most of the coin prices right now are hype-driven. Without hype, people slowly abandon and forget about the coin for "newer, flashier" ones.

The earlier we accept what is currently happening, the better. A big percentage for people are in the game to make some quick money, so if a shitcoin with no history or utility pops up, so long as the price shoots up, that is what people jump on to. Not holding bags of a technically good altcoin that hasn't achieved a new all-time high in the last 8 years.

[noorman0]

-snip-
At the time of this writing, 1 PPC is worth $0.31. I'd say it's extremely-undervalued. Still, is there hope for the project to make a comeback?

Users can only expect value from the ecosystem built on top of them; otherwise, they have no reason to use altcoins when we already have Bitcoin.
If they don't attract a large number of dapp developers, they will be buried over time.

I sometimes see VSystems' price pumping; perhaps there are still hidden fans out there, or perhaps it's just low liquidity, who knows?

[Abiky]

It is definitely interesting from a historical perspective but probably not good from an investment standpoint.. Why? Because there's loads of other "innovative" coins that have fallen to the wayside... nobody except for nerds like us care about them or remember them.

Namecoin
Devcoin
IXCoin
Blackcoin
Whitecoin
Primecoin
NXT
NEM
Bitshares
Bitshares 2.0
NEO
EOS
Nano

The list goes on

Yes. That's very unfortunate. Because recent developments have shifted the crypto industry's view from a utilitarian one to a speculative one. It's why most developers launch tokens within existing blockchain networks, instead of making a real crypto from scratch. They're too lazy to come up with something useful for the industry. Developers are only interested in the profits. You can see why the market is flooded with so many "shitcoins" these days. Especially "meme" coins. Hopefully, the situation improves in the future as institutional investors bring "seriousness" to the industry. We'll see what happens...

Bitshares was very interesting back in time, and it would have probably grown bigger if creator wasn't hopping from project to another out of boredom.

OP: Yeah, there could be a trend coming where old projects are seen as undervalued and rekindled for a moment. But undervalued in terms of what measurements, and compared to what exactly?

Someone could say that there are just countless of projects that are overvalued above the Peercoin marketcap.

Or that there are also many projects with active and talented developers with backed funding and many of them are building new things. So if the main card for some crypto is that it had some proto technology at the time, then it seems like it's only has been nostalgia that keeps it some how not dying. Then NXT, Bitshares and i think Counterparty are undervalued as well (among many others).

Well, Dan Larimer's projects were a "hit and miss". They had good tech, but bad execution. It's what happened with Bitshares, EOS, and most recently, Steem. A project can have good tech, but with poor marketing/PR, it won't be going anywhere. The key is to attract investors. Particularly, retail investors and VCs. At least, Peercoin is still trading across exchanges. It could've been worse, right? I've seen coins which are no longer listed on exchanges. Spreadcoin is one of them. Wishing all the best to old crypto projects that are still "alive".