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PPCoin gives you the new concept of proof of stake and it introduces monetary policy where the production of new currency is tied to how much hoarding is going
by Aqueous 13y ago
PPCoin gives you the new concept of proof of stake and it introduces monetary policy where the production of new currency is tied to how much hoarding is going on.I f it ever takes off it will probably be more stable than BitCoin. That alone could make it ultimately more attractive than BitCoin to mainstream traders and users. BitCoin is a truly libertarian coin with no monetary policy and nothing to get in the way of deflation.
People are going to have a hard time converting their fiat dollars into a currency that changes value by +/- $150 every week.