Post
Topic
Board Altcoin Discussion
Re: The Redesigned Peercoin.net is now LIVE!
by
23781946
on 09/09/2014, 00:07:55 UTC
I would agree the Peercoin is one of the more evenly distributed cryptocurrencies.  You can have a look at http://bitinfocharts.com/top-100-richest-ppcoin-addresses.html to get a sense of the top addresses and transactions.

Of course, a list of anonymous addresses is not the whole story, but if you think about it there are several reasons to suspect a relatively fair distribution of Peercoin from the beginning.

1) First of all, the release was announced on this very forum 9 days before the first block was created giving ample opportunity for miners to evaluate the opportunity and determine whether or not to allocate resources.

2) None of the PPC were pre-mined, reserved, or distributed through any IPO/crowdfunding.

3) Because Peercoin's PoW uses the same SHA-256 based hashing alogrithm as Bitcoin it was easy for a wide distribution of interested miners to jump in quickly to the early action.

4) And probably more importantly the Peercoin PoW difficulty started at a high level and adjusts continuously in response to the mining power that's added. 

5) Finally, lots of former Bitcoin mining gear has been re-purposed toward Peercoin, with "agnostic" miners then dumping PPC into exchanges where even wider-distribution continues through open market demand.

Honestly, I think Peercoin is one of the few cryptocurrencies to arrive at the "golden age" of altcoins where there was enough excitement for broad-based interest but not so many fly-by-night scamcoins that it was simply foolish for anyone but insiders to dive into the pot early.  Although I suppose no distribution could ever be unequivocally fair, I'm not sure it will ever be possible to match a launch as "unbiased" as Peercoin's continues to be.

+1.
I value the dev team more than anything else.  With more altcoins adopting PoS, PPC is built to last.