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181199 No.181199 [Reply] [Original]

If any altcoins survive over the next five years, it will be these two. But their prices have remained pretty low.

Litecoin was touted as a "silver" bitcoin that would have 20% the price of bitcoin. The actual market value hasn't gone more than 5%, and that was only momentarily. It's been hovering around 2-3% for a while.

Peercoin is the first coin with a proof-of-stake system, which is energy-efficient and protects the currency from constant deflation. And yet, the price has stayed pretty constant around $3-5.

Are these currencies undervalued, or are people overestimating the potential of these altcoins? What are your predictions for these two coins?

>> No.181214

>>181199
If an alt had all these features it would be amazing-
Scrypt
PoS
Namecoin style DNS
Method to Clean and Compress blockchain

Seriously every x blocks a ledger block should be made that records all addresses with coins. Then all blocks before it are erased to conserve memory. If that isn't secure enough it could be a cycle of 3 or more Ledger blocks where the oldest cycles out.

>> No.181276

Peercoin has some major security concerns. Namely, there's no disincentive to mine every chain in the event of a fork - no power costs, unlike bitcoin's proof-of-work system. If you are minting it's simply free to mine every chain and see where it goes, see which one will be of most use to you in the end.

Additionally, because of that issue, when the market advances enough to allow short positions (it only took three years for bitcoin to get to this point) it will eliminate the only barrier to this attack. Peercoin enthusiasts always react to the idea that someone would abuse the POS system with the strawman,

>but, muh investment

>but muh self-interest

without realizing that it only works in the most primitive of marketplaces. The second there's a real opportunity to make money on a peercoin crash people will be attacking it left and right. Especially because there was a nine-day period from the publication of the whitepaper to the genesis block; probably fifteen people own 60% of peercoin. Two or three could collaborate to attack it any time. Or if the power goes out somewhere or random chance hits, you may have a viable attack all on your own if you happen to be posting 25% of the coin stack.

We'll see what happens but I don't have my hopes up. At least with bitcoin and litecoin there's an incentive to NOT attack the blockchain; peercoin is so immaturely structured it's almost inevitable.

>> No.181300
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181300

>>181199

Dogecoin because of its excellent community, high transaction volumes, and great leadership

Zerocoin because of its hard-crypto anonymity

>>181214

>mfw coin mergers through aggregating services will be a thing in 5-10 years

>> No.181529

>>181300
>mfw coin mergers through aggregating services will be a thing in 5-10 years

Yeah tell that to rabid bitcoiners. I swear they simply can't admit that the possibility that bitcoin isn't perfect is theoretically possible in the universe.

>> No.181979

http://nymag.com/daily/intelligencer/2014/03/doomsday-cult-of-bitcoin.html

Crypto currencies aren't currency and never will be.

>> No.181998

>>181199

Dogecoin

>> No.182297

>>181199
>Peercoin
Everbody knows Litecoin.
What the fuck is Peercoin?
I see what you did there.
Don't compare shit to silver my boy.
Nobody is buying it.

>> No.182339

>>181199
The problem is that no one uses them for anything besides speculation.
Dogecoin is currently the only altcoin that has a strong community and is actually used for buying goods and services. Another potential altcoin is Zerocoin which will be adopted by silk road tier sites that require maximum anonymity.

>> No.182343

>>181300
>Zerocoin
Doesn't exist yet.

>> No.182418

>>181199
DOGE and LTC, no one knows what peercoin is

>> No.182626

>>182297
>>182418
>doesn't know what Peercoin is

It's been around forever.

>> No.182684

>Various dying shitcoins

>Viable

The only way for these shitcoins to survive is to see widespread commercial circulation, as an electronic remittance system akin to PayPal.

That isn't happening.

>> No.184637

>>182626
and people still don't know about it

>> No.184641

>>181199

Neither of these coins are used for anything.

Dogecoin has better spread than both of them.

Peercoin is a complete joke.