[XPM] Ever heard of Prime Coin ?

[Spoetnik]

Curious how many of you all know what XPM is about.

How is it such a grand innovative coin has fallen off the planet never to be heard from again ?
When was the last time you seen one guy in crypto bring up XPM ?

With it's *first one of a kind scientific (prime number) POW system how is it ignored in favor of Scrypt clones or X11 clones (Quark rip-offs) ?

a sad sorry state this Altcoin stuff is 

[robinwilliams]

I agree!!!  Prime coin is awesome ...

Approval from spotniek and robinwilliams

[Spoetnik]

Thanks man

and wow holy shit guys i just looked to find the ANN topic link for new guys and WTF
the ANN topic is not even in the search results !!!! ..not at all even after checking 7 pages with keyword "prime coin"
(plenty of shitcoins were though that had ripped off / copied XPM in some way)
on like page three i found a wallet optimized topic though and it had a link to it (the official XPM ANN topic)

this is sad state of a affairs guys what has the scene come to ?

anyway here is the two useful links..

[ANN] Primecoin Release - First Scientific Computing Cryptocurrency

[XPM] [ANN] Primecoin High Performance | HP14 released!

Coin made LAST YEAR by Sunny King using a custom algo like none other before it !
one of the few coins that actually does something useful.

[Jimmy_Zed]

I was mining XPM way back when the price was around $5 dollars , the summer of 2013 I believe. It is an original coin, and one of the rare genuine coins, unfortunately it is almost forgotten now, amid all the scam and shitcoins released every day.

Jimmy Zed

[bitwho]

that's that bastard coin that gets no sunlight, correct?



But in all seriousness. Why doesn't it have the attention it deserves? 

What are its strong points?

[muddafudda]

I can tell you the weakness is 3 day confirmations. Sunny king was over secure in his confirmations resulting in a lack of practical applications that would utilise a ridiculous confirmation time.

[nutildah]

this is one of the coins that got me into cryptos to begin with. I thought all alts were going to be this cool. I still think utilizing hashes for something constructive is a worthy idea, though often overlooked.

FoldingCoin, a token released on the Counterparty platform utilizes your CPU power to simulate protein folds for scientists at Harvard. You get rewarded a share of tokens equal to how many folding jobs you finish on a weekly basis. I know its not exactly the same thing but its in the same vein.

[Jimmy_Zed]

this is one of the coins that got me into cryptos to begin with. I thought all alts were going to be this cool. I still think utilizing hashes for something constructive is a worthy idea, though often overlooked.

FoldingCoin, a token released on the Counterparty platform utilizes your CPU power to simulate protein folds for scientists at Harvard. You get rewarded a share of tokens equal to how many folding jobs you finish on a weekly basis. I know its not exactly the same thing but its in the same vein.

Same here. This was the first and only coin I have ever mined. Been a support of XPM and PPC ever since.

It seems that nowadays you can only trust the "old" coins created before the alt implosion of 2014. Most of these new coins are scamcoin - IMO less than 3% are legit perhaps not even a dozen coins.

Jimmy Zed

[V@n@dis]

Mined xpm when it was new, seems that the forum is still active? http://www.peercointalk.org/

[jubalix]

I can tell you the weakness is 3 day confirmations. Sunny king was over secure in his confirmations resulting in a lack of practical applications that would utilise a ridiculous confirmation time.

wtf?

its very fast confirmations by design, I know I m mined this on 6 x vm's in the first few days

Faster transaction confirmations: Since Primecoin blocks are generated 8 to 10 times as fast as Bitcoin blocks on average, Primecoin transactions are confirmed approximately 8 to 10 times as fast

[Spoetnik]

I can tell you the weakness is 3 day confirmations. Sunny king was over secure in his confirmations resulting in a lack of practical applications that would utilise a ridiculous confirmation time.

didn't know that was an issue

and FoldingCoin ? never heard of it..

GridCoin / GRC from last year deserves a mention here to for people interested.. i mined it briefly last year but did not get any coins
It used BOINC with a scrypt style POW pretty much but i don't think it took off because it had a windows only wallet ..i think ?

anyway there is no way that XPM should have been forgotten and abandoned this is not right !
but it's typical and hammers home my often repeated point(s) around here the 1,000 + clone coin "this is the one" syndrome..
like X11 coins are the kitty's titty's until X12 coins are being pushed by name changing cloners (and their bag-holders and shills)

like take Quark for example it.. it was the go to coin to rip off and remix it's POW hashing system of mixing specific hashes
and after later on Quark gets no attention at all.. and worse is bashed and lied about to prop up rip-off's of it.. such as FairQuark.

And funny enough guys have lied through their teeth about it all over trying to say it was flash mined unfairly but XPM / Prime coin was the same but even worse probably !
Which once again proves how dishonest people are.. my coin is great and then they lie their ass off..
Most of the time the guys pushing some coin don't realize that it's hashing system is a slightly modified version of Quark
based on a few different forks of the miners etc made for it.. Like Max Coin for example, was copied from Blake Coin
and Blake Coin was a copy of quark with every algo deleted except for the Blake hashing algo.
A lot of expert kids who never seen a line of source code !

The reality is coins that have had some major advancement get popular then when some time passes newer guys show up and cry
- Flash Mine
- Ninja Mine
- Insta Mine
- Make up new term Mine

when in reality they should just call them a popular coin like Bitcoin  

these guys usually don't factor in that these coins such as Quark or Prime Coin did not even have GPU miners for a looooooong time either !

[elambert]

Definitely a quality coin that has been overlooked with the newer crypto connoisseurs.

[Walter Rothbard]

Did you know originally they wanted to build ethereum on top of primecoin?

There was a time when every new announced altcoin seemed to plan to base itself on primecoin.

[Walter Rothbard]

Faster transaction confirmations: Since Primecoin blocks are generated 8 to 10 times as fast as Bitcoin blocks on average, Primecoin transactions are confirmed approximately 8 to 10 times as fast

Wait - don't repeat the fallacy that if it confirms in N blocks on Bitcoin, it confirms in N blocks on an altchain with different properties.  Faster block times do not equal faster confirmations.

[Rias]

I believe that primecoin is no different from other altcoins except for the idea that pow may actually be useful. However, a more sophisticated case should be implemented so that it becomes meaningful. Distributed on-demand calculations for proved scientific purposes maybe the answer, but it may well be useful to have a look at more practical and rational application. The bottom line, calculating primes is not a success driver per se.

[digitalindustry]

I can tell you the weakness is 3 day confirmations. Sunny king was over secure in his confirmations resulting in a lack of practical applications that would utilise a ridiculous confirmation time.

didn't know that was an issue

and FoldingCoin ? never heard of it..

GridCoin / GRC from last year deserves a mention here to for people interested.. i mined it briefly last year but did not get any coins
It used BOINC with a scrypt style POW pretty much but i don't think it took off because it had a windows only wallet ..i think ?

anyway there is no way that XPM should have been forgotten and abandoned this is not right !
but it's typical and hammers home my often repeated point(s) around here the 1,000 + clone coin "this is the one" syndrome..
like X11 coins are the kitty's titty's until X12 coins are being pushed by name changing cloners (and their bag-holders and shills)

like take Quark for example it.. it was the go to coin to rip off and remix it's POW hashing system of mixing specific hashes
and after later on Quark gets no attention at all.. and worse is bashed and lied about to prop up rip-off's of it.. such as FairQuark.

And funny enough guys have lied through their teeth about it all over trying to say it was flash mined unfairly but XPM / Prime coin was the same but even worse probably !
Which once again proves how dishonest people are.. my coin is great and then they lie their ass off..
Most of the time the guys pushing some coin don't realize that it's hashing system is a slightly modified version of Quark
based on a few different forks of the miners etc made for it.. Like Max Coin for example, was copied from Blake Coin
and Blake Coin was a copy of quark with every algo deleted except for the Blake hashing algo.
A lot of expert kids who never seen a line of source code !

The reality is coins that have had some major advancement get popular then when some time passes newer guys show up and cry
- Flash Mine
- Ninja Mine
- Insta Mine
- Make up new term Mine

when in reality they should just call them a popular coin like Bitcoin  

these guys usually don't factor in that these coins such as Quark or Prime Coin did not even have GPU miners for a looooooong time either !

all that spells "opportunity" to me -

what would "Warren Buffet" do?

if these where stocks would he care about the squealing of a backwater developers forum, or would he look at the fundamentals and technicals knowing that in the future as education spreads it is inevitable that if you have these things right , the market "catches up"

So sometimes we all get ahead of ourselves, it of course comes down to faith, this market is tiny and we all know the split:

_ Scams
_ Distractions
_ Spam
_ a small core of innovators.

find the 4th one and if you believe in Crypto you have no problems.

I like Prime a lot - but i like to buy low , so I will go for a few others in the mean time as Prime was hyped and listed on BTCe so i think is still has a little "BTCe hype premium"

not much but and its definitely a Buy - Quark is obvious as there are actors trying to push it down they have to its their job, this is like free money.

[iampingu]

Always love reading spoetnik and digitalindustry comments and threads, not trolling when I say that either.

[kevindurant]

I had 150000 XPM back then. Sold them all last year. Is it still alive? I don't see any interest.

[Equate]

Mined that coin while it was fun but got overshadowed by scam coins.

[Normandoyle]

this is one of the coins that got me into cryptos to begin with. I thought all alts were going to be this cool. I still think utilizing hashes for something constructive is a worthy idea, though often overlooked.

FoldingCoin, a token released on the Counterparty platform utilizes your CPU power to simulate protein folds for scientists at Harvard. You get rewarded a share of tokens equal to how many folding jobs you finish on a weekly basis. I know its not exactly the same thing but its in the same vein.

Same here. This was the first and only coin I have ever mined. Been a support of XPM and PPC ever since.

It seems that nowadays you can only trust the "old" coins created before the alt implosion of 2014. Most of these new coins are scamcoin - IMO less than 3% are legit perhaps not even a dozen coins.

Jimmy Zed

same here as well