AWARD-WINNING

CASINO CRYPTO EXCLUSIVE

CLUBHOUSE 1500+

GAMES 2 MIN

CASH-OUTS 24/7

SUPPORT 100s OF

FREE SPINS PLAY NOW vertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertised sites arenot endorsed by the BitcoinForum. They may beunsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.

jjiimm_64



Offline



Activity: 1876

Merit: 1000







LegendaryActivity: 1876Merit: 1000 Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency May 07, 2013, 12:29:32 PM #1144

sorry to derail the hard coinage discussion.



I have a question about proof of stake. I now have some coin in my wallet with at least 30 coindays. My wallet is 'currently unlocked for block minting only'



Do I have to do anything else?

I do not see any balance with Stake: 0



I have at least 10 solo blocks that are more then 30 days old. help



Jim

1jimbitm6hAKTjKX4qurCNQubbnk2YsFw

irishmick



Offline



Activity: 134

Merit: 100







Full MemberActivity: 134Merit: 100 Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency May 07, 2013, 04:54:59 PM #1149 Sunny,

Are there any plans to add some more features to the stake generation? I think it would be nice to have a balance shown for stake eligible coins.

Basically on the client overview page:



Balance: 1000

Stake Eligible: 500

Stake Eligible Coin age: 60

Average Coin age in wallet: 25



Not that all of those fields are required, just brainstorming.



Maybe there is a way to look that information up that I'm not aware, but POS is the one mystery that very few really understand, at least it appears so to me with all of the questions I see and that I've asked.



Maybe with more information available in the client PPC's acceptance will accelerate as more people will understand how POS works.



Also instead of calling it "Stake" is there any reason not to call it "Interest (POS)" or something along those lines? Joe the plumber wouldn't know what stake was, but interest he would be all over. http://doge.crypto49er.com:9555 http://doge-eu.crypto49er.com:9555

Pool donations: DTPgwgDvyDL3vcnJFf33nkhBm6o2ZxVT6G Pool donations: DTPgwgDvyDL3vcnJFf33nkhBm6o2ZxVT6G

Sunny King



Offline



Activity: 1205

Merit: 1003









LegendaryActivity: 1205Merit: 1003 Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency May 08, 2013, 03:04:25 AM

Last edit: May 08, 2013, 03:16:29 AM by Sunny King #1154







This isn't directly relevant to ppcoin, as we do not depend on energy consumption for network security. But for all the pure proof-of-work cryptocurrencies, it is critical.



Of interest is the LTC vs BTC battle (FTC and CNC are temporary spike of launch). LTC now accounts for 15% mining revenue, vs bitcoin's 65%.



Mining revenue is a direct measurement of network security of pure proof-of-work currencies.



It appears that bitcoin is losing the battle of domination in the long term, for several reasons that seem to be inevitable.



a) bitcoin's inflation rate is much lower than newer altcoins, and future inflation would approach 0



b) to maintain dominance in mining revenue thus network security, it must raise transaction fee to high level, which reduces it's competitiveness as a payment network (dilemma).



If my observation is correct, none of the pure proof-of-work cryptocurrency can maintain dominance. It is an important strategic advantage for a different design such as ppcoin. Someone posted a very interesting pie-chart on mining revenue:This isn't directly relevant to ppcoin, as we do not depend on energy consumption for network security. But for all the pure proof-of-work cryptocurrencies, it is critical.Of interest is the LTC vs BTC battle (FTC and CNC are temporary spike of launch). LTC now accounts for 15% mining revenue, vs bitcoin's 65%.Mining revenue is a direct measurement of network security of pure proof-of-work currencies.It appears that bitcoin is losing the battle of domination in the long term, for several reasons that seem to be inevitable.a) bitcoin's inflation rate is much lower than newer altcoins, and future inflation would approach 0b) to maintain dominance in mining revenue thus network security, it must raise transaction fee to high level, which reduces it's competitiveness as a payment network (dilemma).If my observation is correct, none of the pure proof-of-work cryptocurrency can maintain dominance. It is an important strategic advantage for a different design such as ppcoin.

Sunny King



Offline



Activity: 1205

Merit: 1003









LegendaryActivity: 1205Merit: 1003 Re: [ANN] [PPC] PPCoin Released! - First Long-Term Energy-Efficient Crypto-Currency May 08, 2013, 03:25:58 AM #1156 Quote from: romerun on May 08, 2013, 03:13:52 AM

what are your thought on the MC2 coin https://bitcointalk.org/index.php?topic=169204.0

I have long thrown out a mixture of PoW and PoS for security. It doesn't have enough differentiation going for it. That's why ppcoin is designed with pure PoS for security, PoW only for minting. But if tacotime can pull it off I would welcome it. Cunicula has touted such designs for ages, my advice would be getting into a practical engineering mode and do not try for the pie-in-the-sky sort of designs. If your design cannot be completed in one year then I would say just forget it as you can see in a year you already would have 100 more altcoins to compete with. I have long thrown out a mixture of PoW and PoS for security. It doesn't have enough differentiation going for it. That's why ppcoin is designed with pure PoS for security, PoW only for minting. But if tacotime can pull it off I would welcome it. Cunicula has touted such designs for ages, my advice would be getting into a practical engineering mode and do not try for the pie-in-the-sky sort of designs. If your design cannot be completed in one year then I would say just forget it as you can see in a year you already would have 100 more altcoins to compete with.