Peer4commit cleanup

Also the peer4commit site is a great way of encouraging developers, holding PPC donated to projects and keeping the PPC off the exchanges and crashing price further. You have a catch 22 where you were waiting for the price of PPC to rise to attract developers into projects so they can be developed further. Price has risen a little and now yet again funds are wanted to be cleaned up and shuffled into other projects.

If someone wants to raise funds and rewards on a project then do so on it’s own accord. Shuffling funds donated to other projects just makes it look like you are grabbing any PPC you can from anywhere and actually have no capital to put up yourself, thus discrediting the project and decision to move funds.

“I recommend simply shutting the website down and transferring all PPC to the foundation” - @Sentinelrv

As someone who has stepped away from the PPC community a little to gain a perspective from a standard bitcoin / crypto user and what Peercoin is about, what is the community doing and the decision they make etc. My view is that Peercoin seems very isolated and cut off from the rest of the crypto communinties.

I can not express how much a move to pile all funds raised under a peer4commit website to specific projects to be just handed over to the Peercoin Foundation would strike me as a massive inside job on the peercoin community to channel funds as they see fit into the community hands that are active atm and have a voice. Think of this as an outsider. It just looks like you have a great pyramid scheme running and no one actually has any ppc in their pockets they willing to donate to fund development. Or there just are no developers willing to put the time in on the projects that have been donated to. Ask why is this? did developers not know about them? or were they working on other projects? was the community welcoming to new developers? what was done with the “Marketing fund” to advertise and encourage new developers to help work on projects etc?


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I am ok with that.

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I can probably count the number of successful projects launched from Peer4commit on one hand. The Raspberry Pi project is the most well known. Other than that it is mostly known for collecting PPC into projects that get abandoned without any follow through from the fundraiser. It was a well intentioned website, but ultimately it failed to produce results.

Even when price was at $10 earlier this year nobody showed interest in developing anything on this website. As Peerchemist pointed out, most are outdated and abandoned projects that were relevant back in 2013/2014, but not anymore. There is little desire for most of this stuff to ever be completed. Some projects have also been completely replaced, such as Peerunity. There is no reason to keep funds for that as the project doesn’t exist anymore.

The foundation was only just recently announced. It’s understandable that there is little funds at the moment. The point of this thread is to help jumpstart the foundation by moving abandoned PPC to somewhere it will actually be used.

This is true, but it’s something we’d like to work on improving. The foundation for example can help us get our developers to crypto conferences where we can relay our message to others, something we haven’t done since 2014.

Are you seriously suggesting we colluded over a period of 4 years to setup this website and gather funds just so we can steal only 8-9k PPC? First off, that is a trivial amount of PPC. Second, Sigmike started this website all by himself. It predates the foundation by many years. Third, I can’t even believe you would suggest such a thing about a team of people who have been busting their asses for free to advance Peercoin for years now. I take offense to this. I want only for this project to gain the recognition that it deserves.

As mentioned above, most of the projects are obsolete, so there is little desire to even touch them now.

[quote=“Fuzzybear, post:16, topic:7840”]was the community welcoming to new developers?

I would like to think we were welcoming to you. We’re happy to get anyone involved that is capable and interested in helping out.

I believe our completed work will help with drawing in new talent. For years now we have had little to actually show off. PeerAssets and Indicium for example are large projects, but they are getting closer to reality every passing day. When people finally see what we’ve built in action, it will help to draw in developers interested in taking advantage of the new tech. You are welcome to try it out when we’re ready.


received a reply from @mably

that’s unfortunate, as I was fond of this project. hopefully, foundation makes better use of the funds raised.


Peercoin severely owes something to Fuzzybear for all the work he did… He legitimately has every right to lay a claim to the funds for the unpaid server, hosting, and countless hours he spent for many years.

It also shows good faith and respect for those that help us to allow them to recoup costs so they are not out of pocket for something we all used.

Going forward, it is like showing how funds raised are disbursed to those who deserve them.

In the future, our current contributors now, can also feel safe that should the time arise to reward and remember those who are currently part of the Peercoin Team, we’ll repeat this again.

Ignoring Fuzzybear’s request, and disregarding the work he did, would be very foolish on the community’s part.

We need to set a “past practice” precedent here.

Otherwise we set a bad example.

Listen closely to what he said:

…HE NEVER took from that fund, and legitimately asking. He’s due. At best, what we could do is ensure that Fuzzybear would let us know that his claim to compensation would be considered satisfied, and if he agrees, I think that’s a small price to pay, to thank him for what he did for us.


I also have no problem with Fuzzy taking the PPC from that project fund. He deserves it. That is why this thread is setup to make sure PPC is not taken which is owed to anybody.


Sure fuzzy deserves it, what about pppcd project, are we all happy with this being disbanded

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Since Mably is the sole fundraiser for ppcd, it is really up to him to decide what to do with those funds. If he’s not interested in developing it further or looking for a replacement, then he could just donate the funds himself to the foundation. Can you communicate that to him and link him to the thread with the foundation donation address in it? If he lost access then Sigmike can help with that.

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Well it’s dormant since ever, and Mably has stated he has no interest. So, it’s up for dismissal as well.


@backpacker69, did Mably respond back about this yet?

i’ve posted his reply, he didn’t have time to come in this thread even though it was linked.

So you can’t send him my message above? It would be better that he make the decision to transfer the funds himself rather than us doing it for him if that is what he really wants. If he just can’t be bothered with it though, then we’ll have to handle it. Just let us know which one it is.

According to the message above, related by backpacker (18 May), Mably said it was okay to move the funds

Hello everybody,

Sadly I don’t have time to work on ppcd any more.

Feel free to reaffect the ppcd funds to other projects that are more in need.



@sigmike, it has now been 2 weeks since you posted this. The original post has now been updated to remove Fuzzy’s funds and to add Mably’s funds as he gave permission to move them. Can you please move all the funds listed to the foundation donation address?

@sigmike did you want to transfer the PPC out of the Peercointalk project or shall I go ahead and move these PPC?


Go ahead.

I’ll lock this thread now.

As for remaining projects, especially Peershares and Roll your own DAC. I do not think those are wasted yet.
Peershare project needs updating to latest Peercoin codebase, there are some ideas floating around on how to use Peershare project in the future.

I guess 2k Peercoins is enough to modernize the Peershare codebase.