Wall Observer - The PPC Speculation Thread

[craslovell]

I believe PPC has a lot of room to move up. This extreme surge in bitcoin difficulty may ultimately help PPC. The ASICs have been let loose.

Of course PPC is susceptible to this as well, but it looks like the majority of ASIC owners are pointed at BTC right now.

[calian]

I believe PPC has a lot of room to move up. This extreme surge in bitcoin difficulty may ultimately help PPC. The ASICs have been let loose.

Of course PPC is susceptible to this as well, but it looks like the majority of ASIC owners are pointed at BTC right now.

I was going to say PPC is made for ASICs. And ultimately that's a good thing. When the current rush is over you'll be able to buy USB ASIC mining sticks from Hong Kong for $5 - much cheaper than a GPU. Any particular trades people are making to take advantage of aberrations around difficulty change times? I'm thinking of something like a dividend capture strategy but not sure if there's enough of a pattern to be tradable.

[calian]

We're over 3000 members here but I think most of them are spambots. Volume appears to be zero on two of the exchanges and 5 PPC on Bter. Looks like Sunny is still testing things out on the ppcoin.org/market right now. There's a iiping - iiping exchange listed.


Today's stats:
Forum Stats 854 Posts in 89 Topics by 3093 Members.

Market   Latest trade           Volume                Low                High
BTC-e   0.00112000 BTC    189,059 PPC    209 BTC   0.00102000 BTC   0.00122000 BTC
Vircurex   0.00109301 BTC    17,222 PPC    20 BTC   0.00105263 BTC   0.00122200 BTC   
Bter   0.00112000 BTC    5 PPC    0 BTC   0.00102000 BTC   0.00129000 BTC
Cryptonit   0.00144000 BTC    0 PPC    0 BTC   0.00000000 BTC   0.00000000 BTC   
Cryptsy   0.00106000 BTC    0 PPC    0 BTC   0.00000000 BTC   0.00000000 BTC


BTC-e Sell orders
Total PPC: 909835.08815541
BTC-e Buy orders
Total BTC: 332.99742127

Blocks   Difficulty   Reward (PoS)   Price (BTC)   Market cap (BTC)   Ratio vs. BTC
51631   285960   432.39   0.00112511   21568         106.20%

USD cap      Price (USD)   Total Supply   $ % change (24h)
$ 2,619,221   $ 0.14   19,170,344 PPC   -1.85 %
BTC price % change (24h)
+0.61 %

[d5000]

Thank you for the market report.

I have done a little research about the real PPC inflation rate and really it is the altcoin with the lowest inflation at the moment (except nearly-dead coins like BTE) and only a few % above BTC.

I've posted the analysis in the "PPCoin General discussion" section and on Bitcointalk.

[calian]

The 82 BTC buy wall at 0.00105 has been eaten. We've touched 0.00100 a few times today. The 7 day chart on coinmarketcap.com is a very smooth decline in dollar terms. So far $35 has been raised for the logo design project. http://www.gofundme.com/ppcoinlogodesignfund

Today's stats:
Forum Stats 899 Posts in 94 Topics by 3586 Members.

Market   Latest trade           Volume                Low                High
BTC-e   0.00104000 BTC    131,940 PPC   137 BTC   0.00100000 BTC   0.00113000 BTC   
Vircurex   0.00102101 BTC    34,773 PPC   35 BTC   0.00083000 BTC   0.00117000 BTC
Cryptsy   0.00125000 BTC    632 PPC   1 BTC   0.00105000 BTC   0.00125000 BTC   
Bter      0.00119000 BTC    135 PPC      0 BTC   0.00031000 BTC   0.00119000 BTC   
Cryptonit   0.00144000 BTC    0 PPC   0 BTC   0.00000000 BTC   0.00000000 BTC   

BTC-e Sell orders
Total PPC: 902543.05686727
BTC-e Buy orders
Total BTC: 202.10563797

Blocks   Difficulty   Reward (PoS)   Price (BTC)   Market cap (BTC)   Ratio vs. BTC
51968   275279   436.53   0.00105205   20195   104.14%

USD cap      Price (USD)   Total Supply   $ % change (24h)
$ 2,195,110   $ 0.11   19,196,764 PPC   -9.49 %
BTC price % change (24h)
-6.02 %

[d5000]

BTC-E trollbox just announcing a PPC pump

But be very careful. I will not increase my PPC position while pump is underway. Will place some bid orders near 0.001 or even lower when the dump happens, perhaps.

[calian]

The logo design fundraiser is over 10% of the way to its goal now: $85/$800 collected. http://www.gofundme.com/ppcoinlogodesignfund
We were subjected to a minor trollbox pump today taking us from the day low of 0.00097 up to 0.00118 though it appears PPC is still much less susceptible to this kind of manipulation than others like FTC and CNC which experienced on the order of 50% moves today. Bitcoin has had a significant down day so it's nice to see PPC doing better in USD terms relatively.

Today's stats:
Forum Stats 911 Posts in 94 Topics by 3759 Members.

Market   Latest trade           Volume                Low                High
BTC-e   0.00118000 BTC    382,256 PPC   418 BTC   0.00097000 BTC   0.00119000 BTC
Vircurex   0.00118888 BTC    9,514 PPC   11 BTC   0.00096103 BTC   0.00118888 BTC   
Bter   0.00117000 BTC    206 PPC   0 BTC   0.00037000 BTC   0.00117000 BTC
Cryptonit   0.00144000 BTC    0 PPC   0 BTC   0.00000000 BTC   0.00000000 BTC
Cryptsy   0.00125000 BTC    0 PPC   0 BTC   0.00000000 BTC   0.00000000 BTC

BTC-e Sell orders
Total PPC: 839844.01070689
BTC-e Buy orders
Total BTC: 299.60544262

Blocks   Difficulty   Reward (PoS)   Price (BTC)   Market cap (BTC)   Ratio vs. BTC
52161   286062   432.36   0.00117033   22483   110.42%

USD cap      Price (USD)   Total Supply   $ % change (24h)
$ 2,130,452   $ 0.11   19,211,194 PPC   -3.43 %
BTC price % change (24h)
-14.92 %

[calian]

Pretty crazy day today for cryptocoins in general but at least on the technical side PPC appears to have fared better than FTC which has been 51% attacked, all other miner's blocks orphaned and the chain replaced. Bitcoin has had some fairly large moves (24 hour range: $88.00 - $110.63). The PPC logo fundraiser is up to $90. A PPC giveaway has been started on bitcointalk and a few new people seem to be coming over here because of it. If these updates are helpful for you feel free to boost my karma over on the left.

Today's stats:
Forum Stats 938 Posts in 96 Topics by 3957 Members.

Market   Latest trade           Volume                Low                High
BTC-e      0.00111000 BTC    333,943 PPC   385 BTC   0.00108000 BTC   0.00125000 BTC
Vircurex   0.00109992 BTC    12,797 PPC   15 BTC   0.00107000 BTC   0.00123999 BTC
Bter         0.00059000 BTC    241 PPC   0 BTC   0.00059000 BTC   0.00118000 BTC
Cryptsy   0.00161000 BTC    40 PPC   0 BTC   0.00125000 BTC   0.00161000 BTC   
Cryptonit   0.00144000 BTC    0 PPC   0 BTC   0.00000000 BTC   0.00000000 BTC

BTC-e Sell orders
Total PPC: 909967.2813875
BTC-e Buy orders
Total BTC: 331.76897974

Blocks   Difficulty   Reward (PoS)   Price (BTC)   Market cap (BTC)   Ratio vs. BTC
52349   295786   428.76         0.00112498   21629   101.79%

USD cap      Price (USD)   Total Supply   $ % change (24h)
$ 2,315,796   $ 0.12   19,226,820 PPC   +11.70 %
BTC price % change (24h)
+15.67 %

[d5000]

Nice update!

I am watching the FTC issue closely, although PoS coins like PPC (as I understand it) are way harder to attack.

[allbits]

Anyone have any insight into how well PPC would withstand an attempted 51% attack as things stand today?

[calian]

Anyone have any insight into how well PPC would withstand an attempted 51% attack as things stand today?

Sunny has used checkpoints fairly extensively in the past to prevent double-spends and attacks. Don't know how often he does them currently.

[allbits]

Is the current state of PoS sufficient to thwart an attack?

[Excelsior]

Your updates are awesome. Thank you for doing them.

[whifmoi]

The more I know about PPC and read about the running attacks, the higher I appreciate the decisions of Sunny. The Check-Points, and the reasonably low inflation.

I know of course the disadvantages must be put into account and solved. It seems that PoS becomes more important by this time, and Check-Points can be removed (but better later than sooner).

[allbits]

Is there anyone out there that has a reasonably accurate technical knowledge of the state of the network and its vulnerability at this point of time?