I’m creating this topic first because I want to know what you all think about this and second, to help ease fears that Peercoiners might have when NuBits and this forum goes public.

So NuBits will be the world’s first stable cryptocurrency by solving price volatility, as opposed to Bitcoin and Peercoin, which can violently swing in price from day to day. As I started reading the whitepaper, Peercoin was described as a 2nd generation crypto while NuBits is a 3rd generation crypto, due to the advance in price stability. This part of the whitepaper struck me with fear, since most of my wealth is in Peercoin. Obviously I don’t want Peercoin to become an obsolete technology after I’ve put so much time and work into it. But I kept reading and realized that Peercoin does play a vital role in the new system. My concerns further evaporated when I started this thread to learn more about the dividend mechanism and how the network makes revenue.

In the Reddit sticky thread I made, I wrote an intro to Peercoin. In that intro is a section titled “microtransactions & off-chain networks”. I wrote this section to alleviate people’s fears that microtransactions will never be possible with Peercoin. I explained about how the 0.01 PPC/kb fee is designed to prevent blockchain bloat, but that microtransactions would still be possible by connecting Peercoin to off-chain networks. These off-chain networks would allow people to bypass the fee and transact with their Peercoins instantaneously. Now that I know what NuBits is though, I realize that this off-chain solution does not solve everything. It solves the problem of microtransactions with Peercoin, but it doesn’t do anything to solve price volatility. So Peercoin in the end would still be limited as a transactional currency by its volatility. NuBits solves this problem.

So the question I’m asking here is that if Peercoin is not destined to be used as a day to day transactional currency, what will its role be in the future cryptoeconomy? I understand it’s meant to be used for dividends in the NuBits system, but beyond that, what will Peercoin’s function be in the future, given that it cannot be used for day to day transactions. What is Peercoin’s purpose and what will its future role be?