Isn't PPC one of those coins, like Freicoin, that are based on failed Keynesian principles, something about deflating currency not promoting rampant consumerism, and hoarding being bad rather than a natural liquidity provision/removal mechanism?
Correct me if I'm wrong. I'm not too familiar with the concept of this one.
Not quite. PPC is deflationary because although there is no cap on the supply, the supply is controlled by Moore's law which basically caps the supply by lowing the inflation rate so low that it's even lower than Litecoin. Essentially the inflation rate determines scarcity not just the total supply.
The total supply is at 19 million which is equal to Litecoin but the price isn't equal to Litecoin yet. That means there is a lot of room for profit if you buy at these prices and it reaches $3.
Because PPC will be mined with ASICs, GPU miners will have to switch to Litecoin. Basically PPC's market cap and difficulty determine the price. Difficulty determines the scarcity while the market cap shows the demand. If it's scarce and in high demand the price rises.
It's in higher demand because Bitcoin prices fall and people use PPC as a store of value because it's better at that than Bitcoin or Litecoin.
Not quite sure on the truth of that bolded statement; i thought LTC was something like 80 M total supply?