Hi all, thank you all for your hard work and dedication. I’m new to PPC and cryptocurrencies on an iMac, I already installed 6 crytocurrencies apps and I spent a good 8hrs++ reading all the topics about PoS/PoW and all the fighting between Sunny and the other guys, ego trips, etc etc etc etc blah blah blah…
I’m a physical Gold and Silver investor in NYC, web programmer, graphic designer and I’ve read 6 economy books in one year and I subscribe to the Austrian economics and free market theory which mostly revolve around the topic of Money Supply and Central Banking, Debt etc etc etc… blah blah
I think that you guys are doing an AMAZING job for humanity and the topic of currencies, inflation, money supply and central banking. I truly admire that you are all aware that inflation over-time kills any currency, whether is digital or paper with fancy ink on it (you don’t discuss it openly but the 1% PoS target is on-point) and DEFLATION is actually beneficial.
I’m into cryptocurrencies now because I truly believe that the USD, British Pound, Yen, Euro and others will collapse within a 10-yr time-frame and this is a precious time for Gold, Silver, Hard Assets and alternative currencies and the timing of Bitcoin and crytocurrencies is BY FAR NOT COINCIDENCE. Money supply/Inflation is the means by which the low and middle class are impoverished and ANY fight against currency monopoly is WORTH THE FIGHT AND EFFORT.
As far as Sunny being shady for not publishing white papers, whether PPC and/or Bitcoin are scams or not is a very subjective conclusion and it depends on how you analyze it. For example, there hasn’t been ANY currency in history that has NOT BEEN A SCAM compared to physical Gold and Silver. So how is it fair to compare PPC/BTC to Gold & Silver? There is no CURRENCY that can stand a chance against Gold and Silver. And I don’t read anywhere in the cryptocurrency community that the crytocurrency architects are working to create such currency to stand a chance against Gold and Silver… so, why the comparison? Gold/Silver vs. cryptocurrencies aren’t fair comparisons.
Now when you compare PPC/BTC against other paper currencies, even the (supposedly) strong USD, NOW THAT’S A FAIR COMPARISON and crytocurrencies stand a huge chance to make a difference over-time.
So what if Sunny is not sure if his PoS “theory” is safe?
So what if Sunny is “assuming” PoS will workout okey?
So what if Sunny & BTC are purposely attempting a SCAM? if it is, how are they any different than the stock market and highly manipulated COMEX gold exchange? At least Sunny is developing something revolutionary and will indeed leave behind something worthy of improvement and in the meantime he’s making my brain erupt lava off my ears… that’s some intense brain exercise.
So if PPC/BTC turnout to be unsafe and/or scams and some investors lose their life-savings then I can only blame the investors for making such dumb decision to go all-in in such volatile, beta and highly-speculative cryto phenomenon take-off.
All that said, keep up the GREAT work and don’t get side-tracked by micro-issues. This is about MACRO ECONOMICS and developing alternative currencies. So what if PPC fails and we all lose some money? We won’t lose what we learned in the process. A friend text me yesterday that he logged into MySpace.com for the first time in 3 years… … … you get my point, evolution, development and mistakes are the key for a greater success in the future.
And some day we’ll look back and ponder… “remember the USD? wow that was some strong paper currency scam. I can’t believe people used paper money back then, so inconvenient”.
So back to understanding how PoS works… I don’t read anyone discussing the hardware side of it. Which hardware part is doing the data processing, CPU? GPU? I don’t want my powerful iMac minting 24/7 when I can buy a used Windows laptop for $100. And very often I have Photoshop, Illustrator, iTunes, Premiere all doing hard-core processing at the same time and I don’t want another 2 or 3 Qt apps doing even more stuff at the same time. What’s your take on this?
Thanks a lot,
Alejandro