Litecoin versus Peercoin (LTC vs PPC) CryptoRival

Logarithmic chart of Peercoin - how does it fare vs Litecoin/Bitcoin ?

Logarithmic chart of Peercoin - how does it fare vs Litecoin/Bitcoin ? submitted by crypto_coiner to peercoin [link] [comments]

Trending Subreddits for 2017-12-24: /r/CryptoCurrency, /r/YouShouldKnow, /r/ExpectationVsReality, /r/wholesomememes, /r/badwomensanatomy

What's this? We've started displaying a small selection of trending subreddits on the front page. Trending subreddits are determined based on a variety of activity indicators (which are also limited to safe for work communities for now). Subreddits can choose to opt-out from consideration in their subreddit settings.
We hope that you discover some interesting subreddits through this. Feel free to discuss other interesting or notable subreddits in the comment thread below -- but please try to keep the discussion on the topic of subreddits to check out.

Trending Subreddits for 2017-12-24

/CryptoCurrency

A community for 4 years, 311,391 subscribers.
Cryptocurrency news and discussion.
Bitcoin, Litecoin, Ethereum, Ripple, Monero, Dash, NEO, IOTA Lightning Network, SegWit, Augur, Steemit, privacy, ICO, block time, Proof of Work, Proof of Stake, NEM, Peercoin, Vertcoin, Iconomi, Dogecoin, Zcash, BitShares, Walton, mining, hashrate, mining difficulty, blockchain, coinbase, merkle, transaction rate, decentralized exchange, annual inflation rate, total market cap, bitcoin cash, BTC

/YouShouldKnow

A community for 8 years, 706,645 subscribers.

/ExpectationVsReality

A community for 6 years, 310,717 subscribers.
Comparison pictures and memes.

/wholesomememes

A community for 1 year, 1,073,475 subscribers.
Welcome to the wholesome side of the internet! This community is for those searching for a way to capture virtue on the internet.

/badwomensanatomy

A community for 3 years, 76,518 subscribers.
Women are made of sugar and spice and all things nice. Except their vaginas which are sqwicky and attract bears.
submitted by reddit to trendingsubreddits [link] [comments]

Crypto markets 5 years ago vs today. Anyone remember Terracoin? Down 99.1% vs Bitcoin. Ouch.

All stats as compared to BTC.
and on and on... more info in this one-minute video I put together. https://youtu.be/AbOWOzPEJrE
Ouch.
submitted by ChronosCrypto to CryptoCurrency [link] [comments]

It's time for r/bitcoin to die

There will never be consensus. There will never be consensus. There will never be consensus.
If history has taught us one thing it is that there will never be consensus. A group of people didn't want to pay taxes so they founded a WHOLE NEW COUNTRY! Then those same people years later could not agree on "labor laws." One group wanted to continue to enslave people, the other group wanted freedom for all people. That SPLIT that whole "new" country. Now just about every country is fragmented into dozens of groups. Meat eaters. Non meat eaters. Socialists vs Capitalists. And now there is a political group founded on the fact that they don't get enough pu**y. No...I'm not making this up.
There will never be consensus.
Bitcoin was supposed to be the thing that united us all. The world NEEDED an alternative to banks. And the creators of bitcoin succeeded in that. The blockchain was born. What an accomplishment. It is a technological marvel that can solve so many problems.
The problem is, humans got in the way.
Perhaps being there in the beginning and watching the bitcoin community grow made them BTC maximalists. In the beginning, there WAS only one coin. True bitcoin people did not pay litecoin, or namecoin any attention. (I did invest in peercoin though) I remember when litecoin was $4 and I bought ZERO of that coin because I didn't think it had a purpose. Today my opinion of litecoin is the same...but I'm not going to create a subreddit called allltcholderssuck
I am a big enough person to allow someone to have their own opinion without it imposing on my beliefs. But with bitcoin - which is probably the first subreddit a new crypto wannabe would go to, this is not the case.
If you've never been on bitcoin I can sum up every thread like this. ALL NON BTC COINS ARE TRASH. ALL PEOPLE WHO BELIEVE IN ANY OTHER COIN ARE STUPID. ROGER VER IS TRASH. ALL HAIL Bitcoin!
Did I miss anything? (nope that sums it up right there).
Any opinion, any new idea, any suggestion is met with a digital beating and a ban. Can we increase the block size? BAN. Is BTC harmful to the environment? BAN. Will BTC ever have smart contracts? BAN. At one point even Ethereum was a bad word.
Why does this matter to you??
Because now, the community that built itself around inclusion and democracy, and the "we hate banks" motto has been fractured. And most of the hate is coming from bitcoin. Now we have people who were in Bitcoin when bitcoin was $300, that don't own any bitcoin! (like me) Not because we don't believe in bitcoin, but because we don't believe in the people behind bitcoin. And this ANTI-bitcoin attitude is growing.
Every coin or token that comes out in hopes to improve the blockchain is a vote against bitcoin. They are saying "we don't believe BTC is enough"
Rather than try to learn from these people, and improve the technology, bitcoin shuts itself off to the rest of the world, and continues to shout BITCOIN ONLY from inside their digital barricades.
Make no mistake THIS is the reason the market is down. Network congestion, led to high fees, led to people selling, led to understanding more about the people behind bitcoin, led to a dislike of the bitcoin maximalist community, led to moving money to other projects.
Its not charts. Its not whales. It is people saying "I want nothing to do with bitcoin." As long as bitcoin continues to spew this nonsense, it WILL be a drag on the entire community. New people (which is the life of any business) will come in - see the hatred - and take their money with them. Whales, will simply invest in other projects. Bitcoin will continue to fall, and unfortunately the entire crypto market will fall with it.
As long as people have a Bitcoin first mentality the crypto market will fall. We have to move towards an inclusive crypto mentality. Any project that actually adds value to the community should be given the opportunity to stand on its own merits. And its not just bitcoin, other coins have also developed this (insert coin here) only mentality.
This is not a zero sum game. Having various options is the definition of democracy. bitcoin mods are literally the hitlers of the crypto world. Spewing hatred, and totalitarianism will get you nowhere...eventually.
It's time for bitcoin to die
submitted by truffledust to CryptoCurrency [link] [comments]

DOGE market analysis for February 19th 2014

1 DOGE is currently valued at $0.00139 or 0.000002196 Bitcoin/DOGE. DOGE has become 5% more valuable vs. the Bitcoin since yesterday, and roughly 5% more valuabe vs. the USD since Bitcoin's price is holding steady around $630/Bitcoin.
The DOGE market cap (total value of all DOGE) is $71,123,000 today, with a total of ~52 billion DOGE in existence. The market cap of DOGE is roughly 1% the size of Bitcoin's market cap, which is impressive. DOGE currently has the 5th biggest market cap out of all the digital currencies, behind Bitcoin, Ripple (not really a mineable currency), Litecoin, and Peercoin.
DOGE has seen a steady decrease in value this week, losing 40% of its value vs. the USD, and 11% of its value vs. Bitcoin. Alot of this can probably be explained by instability in the Bitcoin market due to Mt. Gox's shutdown.
However, in the longer term DOGE is showing strong growth. It has increased in value 315% vs. Bitcoin since it opened 67 days ago. DOGE has strengthened 31% vs. the USD since opening, however since DOGE's weakest point on January 8th DOGE has strengthened 650% vs. the USD!
In other news, miners are currently mining around block 108,000. Rewards for blocks won't be halved until 92,000 blocks from now. The current reward is 0-500000 per block.
submitted by turtlecane to dogecoin [link] [comments]

How to use your GPUs to support bitcoins and hinder altcoins

A few days ago, several community members, including several prominent members, expressed alarm at the recent price rises of altcoins. Litecoins, for example, trade at 0.0387 bitcoins at the time of writing, a value which cannot be explained by merchant acceptance or widespread usage.
Regardless of your personal beliefs about the technical specifics of altcoins, it is difficult to argue that having three or five crytocurrencies on equal footing will result in a net benefit to society. The HD DVD vs. Blu-ray format war, for example, delayed the introduction of HD movies into the home for several years, during which HDTV owners had to watch DVDs despite movies being aired in HD over the air. Imagine going to a cash register at a Subway, and people being presented with the option to pay in bitcoins, litecoins, peercoins, and novacoins. Consider the immense investment in making software compatible with all these types of coins. That doesn't count the economic cost of having to train employees to understand all these different coins. Altcoins contribute to confusion and people's thinking that crytocurrency is a joke, given that anyone can start a new coin and call it an altcoin.
Perhaps Quarkcoins might even have been a better design than bitcoins had they come first, but that doesn't matter. If there is a protracted battle between bitcoins and some other currency, the adoption of crytocurrencies will be delayed or even killed. Further, any cryptocurrency that is sufficiently better than bitcoins will need to be so different that it doesn't look like any of the current batch of coins. Most of these coins even use copies of the bitcoin-qt wallet with a few cosmetic changes and a different hashing algorithm.
If you have GPUs, you can do your part to help bitcoins succeed by using the middlecoin.com pool. Unlike pools that just allow you to mine altcoins, this pool mines altcoins that are pumped up, sells them immediately, and pays out in bitcoins. This forces down the price of altcoins, since the pool operator sells everything he mines, and raises the price of bitcoins. Incidentally, the most profitable algorithm is also the algorithm that is most damaging to altcoins, because if enough people join, it prevents any one coin from rising too high in value.
Watching this pool operate, I discovered that it even unintentionally performs 51% attacks on many altcoins by switching to them when prices are high and mining huge numbers of blocks. When the difficulty rises, the pool leaves for a different coin. Yesterday, I saw a coin with difficulty 57 generating blocks every few seconds. When the pool leaves, the difficulty is stranded so high that confirmations take hours for the remaining miners not part of the pool.
It's simple to set up - just enter your bitcoin wallet address as username with any password. It is also far more profitable than what the people who spend millions on ASICs are making - I made $26 per Radeon7970 per day this weekend. You don't have to do anything except hash - the operator takes care of selecting coins and selling for you. If enough people join, hopefully this could be a significant drag on altcoin prices.
If you agree with my view of how altcoins present a threat to bitcoins, consider donating your GPUs to this cause.
Disclaimer: I don't own this pool and I don't know who does.
submitted by quintin3265 to Bitcoin [link] [comments]

The Psychology of Dogecoin. Give your opinions here!

Hi all,
I'm a PhD student in Educational Psychology and I'm writing up my thoughts about the psychology behind dogecoin and the shibe community.
I'd love to hear your thoughts about: What captures your attention about this community? What maintains your interest in cryptocoins? Why doge vs bitcoin/litecoin/peercoin?
All ideas are good ideas!
Thanks
submitted by colidog to dogecoin [link] [comments]

Primecoin future is bright

I made the effort to read Primecoin and Peercoin whitepaper seriously for the first time yesterday and realized they are both into solving 2 problems that Bitcoin will encounter inevitably: 1) the energy efficiency issue and 2) having high security/low inflation/low fee at the same time is unsustainable.
In primecoin whitepaper, below are the relevant quotes, that stress Primecoin advantanges.
-Security "However, a non-linear difficulty curve would negatively impact block chain security. Also, using prime size as difficulty indicator would interfere with efficiency of verification. Eventually I discovered that the remainder of Fermat test could be used to construct a relatively linear continuous difficulty curve for a given prime chain length. This allows primecoin to largely keep the security property of bitcoin."
-Fee vs Security "However a higher transaction fee reduces the competitiveness of a crypto- currency as payment-processing network. Since last year, bitcoin’s share of network mining income has shrunk much faster than its capital ma rket share. Basically, for a pure proof-of-work design, it’s not real istic to expect all three goals to sustain: high network security, low inflation and low tr ansaction fee. This topic has been explored in ppcoin paper, however it would become more evide nt as the competition intensifies in cryptocurrency market and bitcoin’s infl ation rate drops further. As Moore’s Law approaches its limit, primecoin inflati on rate would taper off and gives a slower drop toward zero. There is still good scarcity pro perty similar to gold while network security is maintained without the need to raise transaction fee." - there is still good scarcity with good security wihout the need of raising the fee!
-Inflation "The inflation in primecoin is designed to drop slower than ppcoin’s proof-of- work minting, to compensate for the need of sustained energy consumption of pure proof-of-work cryptocurrencies."
Conclusion:Primecoin fills a space that is a blue oean and is its first mover. After Bitcoin and Litecoin, Primecoin positions itself as a serious secure and sustainable payment network that has the potential of lasting.
submitted by crypto_coiner to CryptoCurrency [link] [comments]

Regarding the "Bitcoin and Magical Thinking" blog post spotlighted on Techmeme today - The network, the infrastructure, and the community behind it is hardly a "magical thought."

I'm referring to this post, which a Bitcoin-opposing friend just sent to me with the subject line, "An damning indictment" -
http://www.techmeme.com/131219/p3#a131219p3
I responded with this:
The network, the infrastructure, and the community behind Bitcoin is hardly a "magical thought" (Here's the definition of that concept from contemporary Western psychology: http://en.wikipedia.org/wiki/Magical_thinking)
Two weeks ago, there was very good debate about Bitcoin -
Ultimate Bitcoin Showdown - Posted Dec 2, 2013 - [30:14] - Goldbug/dollar-skeptic Peter Schiff vs. Erik Voorhees, Bitcoin entrepreneur formerly of BitInstant (https://www.bitinstant.com/), now of Coinapult (https://coinapult.com/) - http://www.linkedin.com/pub/erik-voorhees/b/804/385
I'll post the link to the full video below, but I first want to quote from it:
As Voorhees says, gold-backed digital curencies have been attempted and were then quickly shut down by the gov't. He later says (at 9:20), "[Bitcoin] could absolutely go to zero and the whole thing is completely experimental right now. So I'm not here to say that Bitcoin is a good investment. What I'm here to say is that the Bitcoin payment network is one of the most important technologies that has ever been invented, and it's important to understand that there is value in that technology [and] it's important to understand why that technology is so useful to people, especially people who care about liberty around the world." And he explains later that this infrastructure cannot be reproduced easily...even if Bitcoin is not the winner of the crypto-currency market competition. He also compares the hardy vitality of P2P currencies to that of P2P file-sharing. The free, independent Napster file-sharing service was launched in June of 1999 an rocketed to popularity, but the shutdown of it in July of 2001 was not exactly the end of free P2P music-sharing... In fact, just going by the services that I can just recall fellow college students using at the time, there was:
SoulSeek (launched in 1999/2000)
Gnutella (early 2000)
BearShare (December 2000)
Morpheus (2001)
Kazaa (March 2001), and
LimeWire (May 2000).
And of course there are the file-sharing services that are popular today, from Dropbox to these:
http://www.ebizmba.com/articles/file-sharing-websites
to these:
http://en.wikipedia.org/wiki/Comparison_of_BitTorrent_clients
Now. As far as digital crypto-currencies today, there's Litecoin, Peercoin, Namecoin, Quark, Protoshares, Worldcoin, Megacoin, Primecoin, and Dogecoin, and dozens other listed here, totaling in 54:
http://coinmarketcap.com/
The point that Voorhees makes about the pooled inventiveness and ingenuity of the crowd reminds me of something both revolutionary and prophetic that was said by John Gilmore (an American computer science innovator, Libertarian, Internet activist, and one of the founders of Electronic Frontier Foundation). He said:
"The Net interprets censorship as damage and routes around it."
-As quoted in TIME magazine (6 December 1993) (yes, 1993!)
http://en.wikiquote.org/wiki/John_Gilmore
Furthermore, on a separate note, the media angle that Bitcoin is practically "over" because of China blocking it (which that same friend was gloating about), here's all I have to say as well:
Here's a list of enterprises that were hardly destroyed after being banned in glorious all-powerful China:
Facebook, YouTube, Twitter, Wikipedia, WikiLeaks, and the New York Times' online edition (and a few others, named at the following links) were each NOT blasted into nonexistence by the force of "the Golden Shield Project," which we Americans call "the Great Firewall." Yup, Bitcoin is "over"!
References:
https://en.wikipedia.org/wiki/List_of_websites_blocked_in_China
https://en.wikipedia.org/wiki/Censorship_of_Wikipedia#China
http://www.nytimes.com/2012/10/26/world/asia/china-blocks-web-access-to-new-york-times.html?_r=0
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China
Hey, but waddaya know - Some of the 1,350,695,000 people in The People's Republic have ways around that censorship, as do the millions of people in so many other Internet-censoring countries:
https://en.wikipedia.org/wiki/Internet_censorship_in_the_People%27s_Republic_of_China#Evasion
http://en.wikipedia.org/wiki/Internet_censorship_circumvention#Software

Here's the full video of the Bitcoin debate:
http://www.youtube.com/watch?v=7mUn-d8R98k
Edit/Follow-up: To extend the analogy of P2P digital currencies and P2P file-sharing (and most notably, music-sharing), what would be the currency equivalent of iTunes, which came ou in January 2001? Will JPMorgan's crypto-currency project (as I saw here, and it was downvoted to hell: http://www.reddit.com/Bitcoin/comments/1sp6hh/jpmorgan_is_looking_to_copy_bitcoin_and_the_coin/), even though it was initially rejected 175 times, find some way to charge/surcharge people small amounts at a time for usage (a la iTunes' 99 cents per song), in traditional-bank-style?
submitted by wazzzzah to Bitcoin [link] [comments]

I rewrote the sidebar text

Markdown (source): First, Rev 1, Rev 2, Rev 3, Rev 4, Rev 5, Rev 6. Use RES or orangered me to get latest.
Changes (First->Latest): (excl. minor edits)
“third” to “fourth” “annum” to “year” Remove “to” Restore paragraph split Restore peerco.in since it's back online Numbered list to bullet points Edit descriptions of exchanges Update link Add marketplace Clean up Link to Bitcoin, Litecoin, and Namecoin Wikipedia pages (last Rev 6 edit) Link to Proof-of-{Stake,Work} explanations Edit cointip text Change FAQ/wiki links Add example screenshots Remove btcto.com until they come out of testing Add link to service list BTC-e now supports two-factor authentication Add Mt.Gox Add important facts link 
Screenshots: current sidebar vs suggested sidebar.
Comment with any suggestions or ideas you have.
PPCoin or Peercoin is the cryptocurrency with the fourth highest market cap after Bitcoin, Litecoin, and Namecoin. It is the first known iteration of a combined proof-of-stake/proof-of-work coin.
It is designed to be energy efficient in the long run, have a steady inflation rate of one percent per year, and (through proof-of-stake) be free of dependence on miners.
/PPCoin FAQ, wiki
Official website, FAQ, wiki
Wikipedia article
Important facts
Getting started
Walkthrough for Peercoin wallet setup
PPCoin.org faucet (free Peercoins)
PPCoinTalk marketplace
List of exchanges and other services
Exchanges
All support two-factor authentication.
Utilities
USD converter (peerco.in)
Cryptocurrency value tracker (altco.in)
Ticker for Chrome (Creator's announcement thread)
Ticker for Firefox (Creator on reddit)
Forums
PPCoinTalk.org
BitcoinTalk.org (alternative currencies section)
Related subreddits
PPCoinMining
Cryptocurrency
Litecoin
Bitcoin
BitcoinTip (Quick Start Guide)
ALTcoinTip
BitcoinTip and ALTcoinTip enabled on /PPCoin.
submitted by AnonymousEntity to ppcoin [link] [comments]

Part 3. What is Blockchain doing Tomorrow?

Back for more? Great! Today's article is going to cover What Blockchain is doing in the future.
 
1. Proof of Stake vs. Proof of Work
2. Pooled Computing
   2a. Grid Computing
   2b. Blockchain Security
3. Financial Sector Disruption
   3b. ERC-20 Tokens
   3a. ICO's
 
A short disclaimer: The following Blockchains are discussed purely at my discretion. I did my best to remain unbiased, but I do own most of the coins that are brought up here. I hold the coins because I believe in them, this belief is not just that they will increase in value, but also that they will accomplish the goals they've set for themselves. I could be wrong.
 
1. Proof of Stake (POS) vs. Proof of Work (POW). For a Blockchain to be secure it must have measures in place to keep bad folks from changing the digital ledger. When Bitcoin was first created it implemented a solution to this problem called Proof of Work, or POW, which made altering the Bitcoin Blockchain very difficult.
Essentially what happens in a POW Blockchain is that all of the Nodes (computers running the Bitcoin client) race each other to solve a cryptographic puzzle. The first Node to solve the puzzle wins the right to chain a new Block onto the Blockchain. Solving this puzzle uses a lot of each Nodes computing power (Time x Electricity), but there is no way to chain a new Block onto the Blockchain without first solving this puzzle. This secures the Blockchain from alterations to its past Blocks, because a malicious Node would have to solve the puzzle for every single past Block AND be the first Node to solve the current Blocks puzzle. Since it obviously takes much more Time x Electricity to solve multiple puzzles instead of just one, the malicious Node will never be able to catch up to the current Block without a massive advantage.
So what is this Massive Advantage? For a malicious Node to alter a POW Blockchain, it would need direct control over a 51% majority of the entire Hashing Power being used by the Blockchain. Hashing Power is the amount of Time x Electricity a computer uses on behalf of the Blockchain (resources spent Validating Requests, solving puzzles, etc). In the case of Bitcoin (and Ethereum), there are literally millions of computer Nodes dedicating their Hashing Power to solving the puzzles. It would take a 51% majority of all Nodes to agree that they wanted to alter the Blockchain before anything could be changed.
Proof of Stake, or POS is an alternative to Proof of Work. Despite the terrible acronym, POS is a much more energy efficient method of securing a Blockchain. Rather than winning the right to chain a Block by quickly solving puzzles, in the POS system the Node who wins the right to chain a new Block is chosen at random, with a few caveats. Essentially the process proceeds like this:
  1. Each Node that wants to participate in chaining a new Block onto the Blockchain selects an amount of that Blockchains CryptoCurrency to Stake. When a CryptoCurrency is Staked it is basically locked in a vault that is untouchable until a certain amount of time passes.
  2. A Node with a Stake is chosen by the Blockchain to chain the newest Block onto the Blockchain.
  3. The other Nodes with Stakes verify that the winning Node is following the rules. If the winning Node is following the rules, the new Block is chained onto the Blockchain and the process repeats for the next new Block.
  4. However, if the winning Node is NOT following the rules, the other Nodes with Stakes tattle on the winning Node. When enough Nodes with Stakes tattle on the winning Node for not following the rules, the winning Nodes entire Stake is burned (deleted) and a new winning Node is chosen to chain the Block.
To date, only a few CryptoCurrencies are using a purely Proof of Stake system (Peercoin & NXT). The majority of CryptoCurrencies use Proof of Work (Bitcoin, Litecoin, Ethereum), and a few use a hybrid system of both POS & POW (Decred).
Ethereum is trying to make the transition from POW to POS, and their lead developer has cited the enormous amount of energy used for Proof of Work as the reason why. The solving of puzzles for POW is the culprit of this energy use, but Proof of Stake has not been tested on a live Blockchain at the same scale as Proof of Work. Time will tell if Ethereum and the other Proof of Stakers are correct, and I hope they are for the sake of the planet! It is estimated that both Bitcoin and Ethereum burn over $1 Million worth of USD in Electricity and Hardware PER DAY to secure their Blockchains.
In my opinion, following the progress of the Casper algorithm for Ethereum is the best way to stay up to speed on the current state of Proof of Stake research, and to better understand the benefits that POS may bring if it goes live on the Ethereum Blockchain. Link to Casper FAQ
 
2. Pooled Computing. Do you know what the fastest computer in the world is today? It is the Sunway TaihuLight, a Chinese supercomputer that can do 93 Quadrillion floating-point operations per second, also know as FLOPS. This is incredibly impressive, especially because this is the only way we have to perform Molecular Dynamics Simulation, or to simulate what Molecules do under changing situations. All of this computer power being in one place creates an issue though. The issue is that the amount of heat the supercomputer generates while running is enormous, and it is the main factor limiting humanity from building even faster, centralized supercomputers.
    2a. Enter Grid Computing! The decentralized solution to a supercomputer has already been achieved with Grid Computing. Grid Computing is the networking of many different devices (Personal computers, smartphones, servers, etc) for the purpose of carrying out computations each device could not accomplish by itself. This idea sounds great, but the issue Grid Computing runs into is that a single malicious computer can ruin the entire Grid of computers that are connected to form the supercomputer, so opening a Grid Computer to allow the public to participate is currently not feasible.
    2b. Enter Blockchain! With its cryptographically secured trustless system, any computer can be linked into the grid. And since there is no trust required, anyone who wants to interfere with the Grid Computers harmony should not be able to do so. Currently there are no successful Blockchain based supercomputers that I know of, but Golem and SONM are supposedly getting close. Neither of these CryptoCurrencies has released a working version that you can perform computations on as of yet, but if they do Grid Computing will greatly increase access to powerful computers for everyone the world over.
 
3. Financial Sector Disruption. In the first Quarter of 2017, crowdfunded Blockchain tokens raised more money for new ideas than the entire amount of capital invested by traditional Venture Capital firms. Sound impressive? This is only the beginning of the disruption that Blockchain is aiming to bring to the traditional Financial Sector of the global economy. From super cheap borderless payments to home mortgages, Blockchain based CryptoCurrencies have already made progress on vastly improving the way these services work.
In parts of the under-developed world, services like those mentioned above barely exist or are not even feasible. It is estimated that 2 Billion adults do not have a bank account today. However, with a simple CryptoCurrency wallet installed onto a Smarthphone, an unbanked adult can go from having no way to interact with the global economy to being at the technological cutting edge of global economic participation.
The furthest progress being made with the goal of turning unbanked people into banked is probably HumanIQ. Their goal is to allow users to create their own economies locally, and then to tie those economies into the global reach of the Ethereum Blockchain. HumanIQ (and other CryptoCurrencies with a similar goal) has a decent shot at leveling the playing field for folks in under-developed regions. What sets HumanIQ apart from prior attempts to accomplish this same goal though, is that the HumanIQ Coin is an ERC-20 Token. This means they are exclusive to the Ethereum Blockchain. A more thorough explanation of an ERC-20 Token will be given in the next section.
    3a. ERC-20 Tokens. In the last article, Part 2. What is Blockchain tech doing Today? it was mentioned that Ethereum supports a Programmable Element in addition to the typical Blockchain function of recording transfer of value transactions. One of the ways this Programmable Element has been used is in the creation of ERC-20 Tokens. These Tokens act like an entirely separate CryptoCurrency, but are able to be secured by the massive amount of users on the Ethereum Blockchain. This allows developers of new CryptoCurrencies to save time and money to get their idea off the ground, as the amount of work to create an entirely new and secure Blockchain is quite intense.
This option to use an existing Blockchain as the security for your CryptoCurrency has led to an explosion of new ideas that are all aiming to take advantage of Blockchain Tech. A few of the more notable use cases for ERC-20 Tokens are:
The Golem project: With the aim of creating a decentralized supercomputer, Golem uses an ERC-20 Token as a means of rewarding participants for linking their computer into the Golem supercomputer.
GigaWatt: Created an ERC-20 Token that will be used to rent Hardware space at their Hydro-powered CryptoCurrency mining farm in Washington state.
It is important to note that an ERC-20 Token does not directly gain any monetary value from the price of Ethereum. The advantages that the ERC-20 Token creator receives are:
  - Anywhere Ethereum is accepted, their ERC-20 Token can also be used.
  - Their ERC-20 Token is secured by the Hashing Power participating in the Ethereum Blockchain.
      3b. ICO's.The ease and advantages of creating an ERC-20 Token have also had the effect of promoting a new type of crowdfunding. The ICO, or Initial Coin Offering is when a CryptoCurrency Team allows a "Pre-sale" of the Coin they are creating for a project. Anyone who likes the goal of the Team can send Bitcoin, Ethereum, or any accepted CryptoCurrency to the Team in exchange for some amount of the Team's new Coin. After the Pre-sale is over the Team opens their Coin to the Public and the people who bought at the Pre-sale can either hold the Coin or sell it.
Currently, even though it is not required, a large amount of ICO's are happening with ERC-20 Tokens. This is mostly due to the easier method of creating an ERC-20 Token vs. building a Blockchain from the ground up.
As is the case with anything, tons of money being thrown at ICO's without any regulation creates some problems. The biggest issue that many people have with ICO's is accountability. An alarmingly high percentage of ICO's raise millions of dollars and have little to show for it, other than some proof they hired a team of developers and a Whitepaper (paper outlining their goal and how they will accomplish it).
Obviously not every great idea succeeds, but when the idea is backed by millions of dollars of other people's money, fiduciary responsibility becomes a central issue. The United States SEC (Securities & Exchange Commission) recently stated that:
"U.S. Securities Laws May Apply to Offers, Sales, and Trading of Interests in Virtual Organizations."
While this is not outright regulation, in my opinion it hints at some type of future restriction for ICO's. I am not a fan of the Guv'ment telling me what to do, but I have to admit if the Crypto-sphere doesn't regulate itself to a higher standard the long, fat, uninformed hand of bureaucracy is going to do it for us.
 
Thats all for today, hope you enjoyed the article! Thanks again for reading, and please comment below. Parts 1-4 can be found here.
~Matt
www.DenverCryptoGroup.com
submitted by artlimber to denvercryptogroup [link] [comments]

Vertcoins

I just came across Vertcoins and I'm still a little confused. Having a little money invested in Bitcoins (and currently mining Dogecoins) I've been looking for something else to put some stock in. Something that might have some real longevity in it rather than another pump n' dump scheme.
Am I looking in the right place with Vertcoin? I'd love to get my hands on a couple (or even 1!) but I thought i'd get some of /Crytocurrencies opinions in; seeing as you guys have an interest in crypto's as a whole rather and probably less biased than someone who has both eyes fixed on any particular coin.
I'm really interested in how Vertcoin distinguishes itself from Bitcoin/Litecoin and other crypto's. Why does it have any better chance to succeed than any other? I've read into NextCoin and Peercoin and about proof of work vs. proof of stake - But how does Vertcoin stand out from the crowd?
Thanks in advance for any information or direction. I'm genuinely very interested in this! :) I might be a proud Vertcoin owner by the end of day.
submitted by red_white_blue to CryptoCurrency [link] [comments]

What is the projected total amount of Peercoins to be in the world once all is said and done?

Bitcoin has 21M, Litecoin 84M, etc... Is Peercoin still undecided? If yes then PPC is Inflationary just like fiat vs Deflationary just like Bitcoin?
submitted by sexystick to peercoin [link] [comments]

Primecoin's future is bright

I made the effort to read Primecoin and Peercoin whitepaper seriously for the first time yesterday and realized they are both into solving 2 problems that Bitcoin will encounter inevitably: 1) the energy efficiency issue and 2) having high security/low inflation/low fee at the same time is unsustainable.
In primecoin whitepaper, below are the relevant quotes, that stress Primecoin advantanges.
"However, a non-linear difficulty curve would negatively impact block chain security. Also, using prime size as difficulty indicator would interfere with efficiency of verification. Eventually I discovered that the remainder of Fermat test could be used to construct a relatively linear continuous difficulty curve for a given prime chain length. This allows primecoin to largely keep the security property of bitcoin."
-Network mining income , the sum of all miners’ income, is a direct measureme nt of the level of block chain security across competing pur e proof-of-work cryptocurrency networks. A fixed cap scarcity model relies heavily on transaction fees to sustain network security. . - primecoin does not rely on a fixed cap and fee should be low
"However a higher transaction fee reduces the competitiveness of a crypto- currency as payment-processing network. Since last year, bitcoin’s share of network mining income has shrunk much faster than its capital ma rket share. Basically, for a pure proof-of-work design, it’s not real istic to expect all three goals to sustain: high network security, low inflation and low tr ansaction fee. This topic has been explored in ppcoin paper, however it would become more evide nt as the competition intensifies in cryptocurrency market and bitcoin’s infl ation rate drops further. As Moore’s Law approaches its limit, primecoin inflati on rate would taper off and gives a slower drop toward zero. There is still good scarcity pro perty similar to gold while network security is maintained without the need to raise transaction fee." - there is still good scarcity with good security wihout the need of raising the fee!
"The inflation in primecoin is designed to drop slower than ppcoin’s proof-of- work minting, to compensate for the need of sustained energy consumption of pure proof-of-work cryptocurrencies."
Primecoin fills a space that is a blue oean and is its first mover. After Bitcoin and Litecoin, Primecoin positions itself as a serious secure and sustainable payment network that has the potential of lasting.
submitted by crypto_coiner to peercoin [link] [comments]

Which coins compete against each other? Is it ultimately a battle that will result in 1, 2 or 3 coins?

So, the way I look at it, there is not room for 20, 30, or 40 cryptocurrencies. It doesn't make sense that people would have that many wallets any more than it would make sense to have that many fiat currencies in your wallet. You'd have to go to a currency exchange every time unless you knew a specific place that accepted your preferred currency, whether it's /dogecoin or /worldcoin or /BBQcoin (i picked these at random from the sidebar, btw).
There seem to be several different groups that exist (while some of these are overlapping): improvements on bitcoin, improvements on litecoin, clones of either one, proof of stake vs proof of work, pre-mined, easily mined, etc. (by the way, it would be great if there were a chart denoting the differences). Some of these have real benefits, some are quirky, some have been successful, some haven't. There are debates going on and people involved with each one anxiously promote it in its respective subreddit, suggesting ideas to help with its public relations and adoption.
So, while it's great to have these coins with innovative features, each one arguably valuable in its own right for those features, some of them have to come out on top, right? It seems that lately, there is this idea that every coin should be nice to one another, but it's really passive aggressive. Some people hate on /dogecoin in their own subs, labeling it just a /litcoin with more coins available while /bitcoin is describe as elitist and not respecting /altcoins. Maybe all of this is justified if only a couple coins can remain.
And which will those be? It /bitcoin just serving as the stepping stone for everything else, OR will it be the imperfect coin that lasts because it was there first (IMO - it would severely hurt other cryptos, especially those not tradeable for fiat currency if it died, so I think we are stuck with it)? Likewise with /litecoin and /dogecoin. Will these 3 rule because they became media favorites so quickly? Or will a coin with something different like /peercoin win out with its proof of stake? Or a coin designed with a specific activity in mind, like /Devcoin the ethical cryptocurrency?
As my opinion here implies, I think it is a competition. I think /bitcoin needs to be around and rejecting it is a mistake for the community. I think /litecoin passed the tipping point in terms of price and /dogecoin hit the tipping point in terms of wide adoption. While I don't have any in-depth quantitative analysis, I think that will keep those 3 alive for the time being. I think there is only room for many 1 or possibly 2 other coins to make a name for themselves. Most other coins will fail. Pump and dump obviously hurts the community. /coinye was particularly bad and attempts to make joke coins like that make me sad because I read so many promotional posts. I feel bad saying it, but /franko and /worldcoin seem too similar while /primecoin and/megacoin and /feathercoin are just names people read in the sidebar and won't ever deal with, despite the enthusiasm of the people who do trade/mine it.
That brings me to my final point, people who mine each of these coins have a huge stake in advocating for their specific coin. I'm glad people saw potential and uniqueness, but most of you will lose out and your mining rigs are giving you coins that won't be worth anything soon.
Thanks for reading! I hope to hear real opinions!
submitted by State_of_Iowa to CryptoCurrency [link] [comments]

Hopefully some Peercoin help, thank you

Hi everyone,
I've been reading all I can about Peercoin, and I'm planning on getting started (slowly accumulating BTC to convert) with Peercoin as soon as I can.
I have some questions relating to offline wallet setup that I haven't been able to find the answers to, and I would really appreciate any assistance. I've been lurking peercoin for a while, as well as peercointalk.org.
1 - I notice there are https ways of generating bitcoin/litecoin addresses, but only http for the analogous peercoin site:
https://www.bitaddress.org/ http://primecoin.org/bitaddress
It's funny - I'm satisfied it's 'safe' to download and run the https website on a LiveCD to generate an offline wallet (for bitcoin), but I'm not sure about the http version (for peercoin). Is there really any appreciable difference in risk? Could someone compromise the code hosted on http vs. https?
2 - If I can't use an unsecured http site to generate offline wallets, then I can certainly download the ppcoin-qt client and run that in LiveCD. I can get a receiving address, but I can't figure out how to input the analogous command to dumpprivkey that I see referenced for Bitcoin-qt. Is this command prompt not available in the current version, or do I have to setup a ppcoin.conf file in order to access the command prompt?
I would want to write down (on paper) the private key associated with my wallet.dat file generated in the liveCD environment just in case I completely mess up any backing up/copying I do of the wallet.dat
2.5 - Which brings me to: Does it matter? Is it easier to just back up the wallet in the liveCD environment, and then store it on a truecrypt volume on a USB key? And then later just mount the truecrypt drive and import the wallet when I want access to the coins?
My goal with ppcoin is to buy a few peercoins and then come back a few years later to see what's happened. I want everything to be offline until then.
3 - Can I use blockchain.info to find out about balances at peercoin addresses, or is that just for bitcoin? Is there an analogous service for peercoin? I would just want to check periodically that my offline address still has my peercoins, to satisfy my paranoia.
Thank you very very much for any help. I feel like I could set myself up nicely with bitcoin, but I'm just not completely comfortable with peercoin's software just yet. Though I much prefer the idea of holding a few ppc compared to btc.
submitted by ragerob to peercoin [link] [comments]

Bitcoin vs Peercoin Difference Between Bitcoin, Peercoin and Dogecoin When to Trade Litecoin vs Bitcoin (w/ Charlie Lee) Bitcoin vs Litecoin vs Bitcoin Cash (Comparison) - YouTube Peercoin vs Bitcoin

Bitcoin (abgekürzt BTC) entstand 2009 und ist in den vergangenen Jahren (fälschlicherweise) zu einem Synonym für andere digitale Währungen wie Ethereum, Ripple, Litecoin oder Peercoin geworden. Der Begriff Bitcoin stammt aus dem Englischen. Auf Deutsch heißt er „digitale Münze“. Im Gegensatz zu Euro, Dollar oder Pfund existieren digitale Währungen lediglich virtuell. Um sie besser ... Litecoin – 84 Million Coins Faster Than Bitcoin Capitalization: 734 Million Dollars. Price as of 12/2/12: ~$30 . Pros: • At .5 billion dollars, it has the second or third biggest market cap ... Peercoin vs Litecoin HarmonyCoin vs Curecoin BitBean vs Tokenomy Link Platform vs Basic Attention Token Adrenaline vs Crypto.com Coin Siacoin vs Decred bitEUR vs Stratis TrueDeck vs Gas Power Ledger vs Golem Blockport vs Quantstamp BOScoin vs Lightning Bitcoin Atlas Protocol vs Moeda Loyalty Points Digital Asset Guarantee Token vs Apollo ... Compare the two cryptocurrencies Litecoin (LTC) and Peercoin (PPC). Algorithm, price, market cap, volume, supply, consensus method, links and more. Peercoin vs Litecoin. Saved by Cryptocredits. 19. Digital Coin Work System Bitcoin Business Bitcoin Cryptocurrency Cryptocurrency Trading Blockchain Technology Crypto Currencies Science And Technology Technology News. More information... People also love these ideas Pinterest ...

[index] [1088] [43308] [2869] [3510] [43790] [26251] [2099] [23406] [8380] [46732]

Bitcoin vs Peercoin

#bitcoin #peercoin #dogecoin (http://blog.gocoin.com/bitcoin-litecoin-peercoin-dogecoin/) The Differences between Bitcoin, Litecoin, Peercoin,Dogecoin and ot... Litecoin LTC is one of the behemoths of crypto. A consistent fixture as a top 10 cryptocurrency, Litecoin was created to improve upon the bitcoin protocol. T... Why Peercoin is better than Bitcoin. For the Love of Physics - Walter Lewin - May 16, 2011 - Duration: 1:01:26. Lectures by Walter Lewin. This video is unavailable. Watch Queue Queue. Watch Queue Queue Litecoin vs. Bitcoin Litecoin Simply Explained - Duration: 9:41. Clark Kegley - Refusing to Settle 27,054 views. 9:41. Charlie Lee: the first honest interview about the future of Litecoin ...

#