[quote=“IndigoMan, post:36, topic:1730”]Hi
I just signed up to the forums and not sure how to post a thread so I’m posting this here where i think it may be relevant.
I have an idea that was inspired by something the Vertcoin community is starting. It’s a way to promote Peercoin and make a better impression on the public of its value in being the backbone of the cryptocurrency world. The idea is to create a multipool to mine other currencies (be it SHA, Scrypt, Scrypt-N , etc …) and have the the shares be paid in PPC. This is currently used in many multipools with Bitcoin as the base. The Vertcoin community is just starting this as well ( https://bitcointalk.org/index.php?topic=524343.0 )
The logic behind this, at the time of this writing, is that miners supporting peercoin are currently mining peercoin. But as per the design of peercoin, miners will lose incentive to mine it since it will be established as a Proof of Stake system in the long run. This will provide miners who want to support peercoin with an alternative to mining other coins and keeping value in bitcoin. Another advantage is that it will be the first step to establishing Peercoin as the base backbone of other cryptocurrencies. Predicting the stability Peercoin will provide, it will make better sense for miners who want a stable return on their value to hold their income in Peercoin as oppose to other more volatility-prone-by-design currencies. And as a side benefit to Peercoin, the buy orders that would be generated by the multipool buying the Peercoins using other currencies would help support its growth towards the levels we all know it deserves and lift it from its current undervalued state.
Would love to hear your thoughts on this. Feel free to take this post and make a separate thread for it. I just signed up so I’m guessing I don’t have the rights to post a thread just yet.
Cheers[/quote]