The PeerAssets Protocol (on Peercoin) Will Replace Peershares & Potentially Nu as Well. Come Join Us

[Sabreiib]

PeerAssets can be ported to other blockchains

How? Does Peerasset have independent blockchain?

[Nagalim]

you should really just read the whitepaper. It is mostly blockchain agnostic.
"This paper describes a simple, blockchain agnostic protocol which enables peers to issue and transact with assets."

PeerAssets Whitepaper

[Sabreiib]

It seems peerasset read/write messsges from/into PPC blockchain?

[Sabreiib]

@Sentinelrv, how long will peerasset be finished? open source?

[ConfusedObserver]

The peg is currently restored and strong.

The question how many funds that belong to Nu are in the buy wall remains unanswered.
Is there any public information about that anyone could point me to?

Lets take the appropriate measures to keep it that way.

Revenue!

@Sabreiib, I’ve spent some thoughts on creating “quite good money” based on PeerAssets.
I hope to have some time on the weekend to start working on a draft for a paper that might be called “The quite good money crypto ETF”.
I will need reviewers and supporters. From what I’ve read about you in this forum, I can only hope to have your support.
What do you say?

And die-hard Phoenix followers, please think twice before bashing me for that little advertisement here out of reflex; if successful it might Nu bring a store of value (for the reserves), that’s more USD stable than BTC
…Nu had the chance to create that product, but unfortunately had no interest.
Now I’m going to make it myself.

[Sabreiib]

Looking forward to read your whitepaper.

[Hyena]

PeerAssets kicks ass, erryone here should just join it and abandon nubits.

[sigmike]

with Peershares blockchains. They need to be setup and kept up to date, which requires experts to be hired like @sigmike

Peershares could also cost nothing to set up if some development was done in that direction. Software updates should be rare. Almost all the updates we made in Nu was to add features. Adding new features to PeerAssets would also need experts. If you don’t need new features you only need security updates and keeping compatibility with operating systems. These have been rare and the cost could be shared among all the Peershares instances. And PeerAssets can also need these kinds of update.

The real difference in cost is the cost to run the network. With Peershares you need dedicated nodes, and all shareholders should run a node (or have a provider if cold-minting is enabled). It’s not a big cost, but PeerAssets doesn’t have it.

[Nagalim]

I’d say the real difference is about separating the distribution of shares from the distribution of network security. The biggest concern I have with Nu is not that the votes are centralized, but that the security is centralized. People that make good secrity-driven minters do not always intersect with those that make good business decisions. Separating them allows the public to maintain secure record of a business’ practices without relying on its own accounting. For example, once a shareholder gains 51% of Nu they could fork the blockchain to edit the history. Once the share base is compromised, the entire blockchain becomes untrustworthy. For PA, gathering up >51% of some asset gives you no say at all over the blockchain, and thereby no actual ability to edit the history of the asset.

[Sentinelrv]

The real difference in cost is the cost to run the network. With Peershares you need dedicated nodes, and all shareholders should run a node (or have a provider if cold-minting is enabled). It’s not a big cost, but PeerAssets doesn’t have it.

I’d say the real difference is about separating the distribution of shares from the distribution of network security. The biggest concern I have with Nu is not that the votes are centralized, but that the security is centralized.

Both very good points.

People that make good secrity-driven minters do not always intersect with those that make good business decisions.

I had not thought about this, so thanks for bringing it up. It is necessary to distribute Peershares as wide as possible in order to maintain security, however those specific people might not be the best ones to make important decisions on behalf of the business. Separating security providers from those who make important decisions through voting is a very important step.

[Sentinelrv]

@Sentinelrv, how long will peerasset be finished? open source?

I have heard Peerchemist say he would like to have it finished around Christmas time, mind you this is only the protocol. We would still need to make it easy to use, which would require interface developments in PeerKeeper. And yes, it is open source.

[Sentinelrv]

and all shareholders should run a node

Something Peerchemist mentioned on peercoin.chat while reading your quote above is that shareholders mostly do not want to run a node and he believes PeerAssets will prove this by becoming more popular. I happen to agree with that as it can be a huge pain in the ass sometimes, especially when you have difficulties getting the client to work correctly or need to redownload the entire blockchain.

None of that hassle is required with PeerAssets and with the PeerKeeper thin client, you’ll be able to transact with your assets with ease on a desktop or mobile browser without needing to install anything. PeerKeeper will even allow minting Peercoins over mobile browser in the future.

[Phoenix]

It is great to see the community once again validating and recognizing the value of @JordanLee’s vision. He had strongly recommended PeerAssets be implemented in November of 2014, while noting he didn’t have time to do it himself.

It is good to see the community getting back on the right track, following the recommendation of @JordanLee.

While PeerAssets are a great idea and have important use cases, they cannot be used to implement a stable currency and lack many important features of Peershares, which tend to be related to the fact that Peershares have their own blockchain, while PeerAssets do not. There are lots of use cases where a PeerAsset is more suitable than a Peershare. Generally speaking, PeerAssets would be easier to set up and maintain, but not as powerful and flexible as Peershares.

[Nagalim]

they cannot be used to implement a stable currency and lack many important features of Peershares

Name one feature standing in the way of PA being used to make a clone of Nu.

[Sentinelrv]

Name one feature standing in the way of PA being used to make a clone of Nu.

I would like to hear this as well.

[ChrisS]

Lol

[Gilbert]

If i look on this chart https://bitcoinwisdom.com/markets/btce/ppcusd i get no interest to understand Peercoin or Peerassets All is goin down since 2014

[Sentinelrv]

@Gilbert, check my recent quote for why that is. Basically we had a long period of a couple years where nothing really happened, which caused people to lose interest and give up. Ever since Nu’s peg collapse though, things have rapidly turned around and lots of things are being worked on.

However, we are still in the beginning of the transition phase where people go from believing that Peercoin is dead to realizing it has come back to life with lots of new projects and developers. This is the time to start buying Peercoin before we start releasing projects and people realize that Peercoin is still quite alive.

The point is we are doing the things necessary to turn it around, which include a complete rebranding of Peercoin’s logos/websites and forum software, as well as multiple new developers and projects that will bring new use cases to the Peercoin network and help create demand again.

[Passed] Performance Bonuses for Peg Restoration

That is because…

1. Nu came along and took many of our community members with them, which I’m sure most of them regret now, including myself.

2. There has been a long standing culture of helplessness in the Peercoin community when it came to development. It was believed by a lot of people that Sunny King would unveil huge features for Peercoin to make it more interesting, but that never happened.

Thankfully, the community has recently been taking matters into their own hands. I have never seen the community more active in development than I do right now. It will end up yielding a lot of great things in the near future.

[seki]

i learned about NU from PPC forum and since i liked the boys and girls there, i gave NU a try.
I was “lucky” to have earned some money participating in pools. now i see that NU and each and every coin’s success out there is based solely on trust and faith
i hope in the future this will change, but the “collapse” of NU proves my statement!

[Sentinelrv]

Name one feature standing in the way of PA being used to make a clone of Nu.

Until I see an answer to this question, I call it a bluff.