I am not sure if this is the right place in the forum for this post, but here goes…
Peercoin seems quite flawed on several fronts, which may incapacitate its quicker adoption and higher credibility. As an economist and marketer, I will not discuss technical issues. I actually like many of the technical and logical solutions adopted, which is why I also invested (very little ATM) in PPC and XPM as well. My major dilemmas are the following:
- Short-term and long-term strategy. It seems there is no long-term strategy (or the communication thereof) and contingency plans. For example, what if:
A. BTC continues with its growth and development - hopefully this will be the scenario, but its long-term odds are not good without several changes. Which market position will PPC and XPM reach and how to clearly communicate it?
B. BTC crashes - how will PPC position itself PRIOR to that in order to truly be a safe haven, at least in part (which could contribute to tremendous growth). How to further distance from BTC and convince various types of stakeholders that both XPM and especially PPC can be trusted long-term. What is being done (besides the protocol level) to insure more stability respect to BTC and LTC, what is the desired mid-term financial market position etc. etc. I am not saying we can influence the market (we clearly cannot, since it is the Wild west out there), but communication of goals can be clearer, so that the investors have some cognitive guidance as well.
- XPM has amazing properties and, unlike PPC which in my opinion does not have to be quickly adopted as payment medium (but instead position itself better towards the desired long-term position as “value holder”), it should be adopted by as many merchants as possible (XPM map, clear communication of benefits, payment processors)… No advancement in this regard is visible (I am not saying there is none, just that the public is not seeing any of it)
- New clients (QT) must be released more frequently. Even if not all changes can be prepared in the desired time, more activity has to be visible and step-by-step improvement will do just as well. Some solutions for the QT client are urgently needed - other users have already described them in great detail.
Guys, sorry for all these questions and issues and also if this is not the right place to post them! I just wanted to briefly share some of the dilemmas I have while, at the same time, understanding (or trying to) the potential of these two currencies and what is preventing further growth. I also want to look a bit further from the current market speculations (for all cryptos) which are actually leading nowhere in terms of long-term sustainability and solution of real world problems.