[PPC] Is Sunny King (of PPCoin) RealSolid (of SolidCoin)?
The massive amount of centralization required to support PPC is surprising.
The biggest problem with it that I see is that its basically impossible for PPC to work without having only a few very large pool miners who are well connected. This arrangement reminds me of coins in the past that had trusted nodes who basically controlled the whole network. PPCoin cannot be solo mined because of the centralization caused by the way it targets difficulty.
I just thought I would take some time to respond to one of the posts from the PPCoin thread.
This project has massive problems with the way the difficulty is calculated and its showing up in numerous places. Sunny King is doing his best to cover this discussion up, and getting people to remove all references to the code throwing difficulty target errors, but it is happening for anyone not mining in one of the large PPCoin pools.
The large oscillations, or ringing, are also a product of the way the difficulty is calculated. It's unavoidable for this coin.
The PPCoin is also centralized because of its dependence on checkpoints for proof of stake.
All this required centralization reminds me of a project we all thought was dead. Is PPCoin SolidCoin 4.0?
Have you also noticed that many people involved with past solidcoins had already developed pools and exchanges ready to go for the PPCoin launch?
Has RealSolid not Really retired from developing altcoins? Is PPCoin the next iteration of a SolidCoin? We can't be sure. Please be careful with PPcoin.
The biggest problem with it that I see is that its basically impossible for PPC to work without having only a few very large pool miners who are well connected. This arrangement reminds me of coins in the past that had trusted nodes who basically controlled the whole network. PPCoin cannot be solo mined because of the centralization caused by the way it targets difficulty.
I just thought I would take some time to respond to one of the posts from the PPCoin thread.
But the difficulty is a running average, correct? IMHO, that may explain the large oscillations we've seen: Someone with huge hashing power hashes for 3-4 days and waits for a few days, for the difficulty to cool down, rinse and repeat. It's rational: In the beginning the huge hashing power is more effective since the difficulty weighting takes into account prior times for lower diff. These leads to a situation where the baseline of miners effectively pays for the efficiency gain in mining of the large entity miner... 
This project has massive problems with the way the difficulty is calculated and its showing up in numerous places. Sunny King is doing his best to cover this discussion up, and getting people to remove all references to the code throwing difficulty target errors, but it is happening for anyone not mining in one of the large PPCoin pools.
The large oscillations, or ringing, are also a product of the way the difficulty is calculated. It's unavoidable for this coin.
The PPCoin is also centralized because of its dependence on checkpoints for proof of stake.
All this required centralization reminds me of a project we all thought was dead. Is PPCoin SolidCoin 4.0?
Have you also noticed that many people involved with past solidcoins had already developed pools and exchanges ready to go for the PPCoin launch?
Has RealSolid not Really retired from developing altcoins? Is PPCoin the next iteration of a SolidCoin? We can't be sure. Please be careful with PPcoin.