Post
Topic
Board Altcoin Discussion
Re: Why is PPC so steady?
by
kneim
on 08/09/2013, 08:54:24 UTC
What you don't understand is that PPC is right now already very close to Bitcoin late stage.
There are people that have understood the qualities of PPC.

What you don't understand is that PPC is right now already very close to Bitcoin late stage. "Premining" is almost done (majority of coins are already generated, ...
rude calc: total gain of new coins of the last 24 hours is 8878 PPC
gain through PoS can be a max. of (total coins * 1% / 365 ) = (20234601 * 1% / 365) = 554 PPC
gain through PoW must be at least 8878 PPC - 554 PPC = 8324 PPC

At this time most of the newly created coins are made by PoW yet. What is your calculation?

Once PoW miners finaly wake up and realise they are losing shitload of money by PoW mining PPC
I'm sure miners calculate their profit very well. Are you mining any coin?

PPC was designed to substitute PoW by PoS over time from the beginning. This shall reduce needed power plants, what's wrong on this? With BTC miners will profit from fees only as soon as block rewards discontinue. And with PPC this is PoS blocks incentive.

Is there anything PPC is actualy used for except getting 1% interest (real life banks are around 5%) and eventualy making money off retards who have no clue about "the deal" and might be buying into it very too late?
I prefer to have 1% of a limited PPC supply than 5% for an unlimited fiat supply.

There are so many scam coins you can complain about, but not PPC for sure.