Since the Bitcoin halving, and the block rewards being much lower, many SHA-256 miners have been moving to PPC a hybrid PoW/PoS system that has become much more profitable to mine than Bitcoin.
Vitalik Buterin's review, https://bitcoinmagazine.com/articles/what-proof-of-stake-is-and-why-it-matters-1377531463 ,and interest in PPC , coupled with a slow consolidation of coins in china and elsewhere, has lead to speculation that it will come into its own.
PPC block reward before halving was: 71 PPC, 2 days after the halving 64 PPC, and currently: 60.18 . PPC block reward keeps dropping as the difficulty keeps rising. With less and less selling pressure from miners as time progresses.
Which ltc, btc, and nmc will have to to wait 4 years for.
The last month Chinese exchanges have shown, bigger positions are being built, shakeouts and consolidation, and a noteworthy increase in trade volume across all exchanges the most obvious being BTC38 . Chinese PPC wallets on BTC38 now have accumulated 1,953,840 PPC more than doubled in the last month
along with an ever growing OBV .
This image circulated the forums and exchanges a month or so back,showing a very clear intent, price was at $0.36
as of April 2015 the economic model has begun to function as intended.
PPC is a hybrid PoW/PoS system with continually declining distribution through PoW and security through PoS. The interesting part is that all transaction fees are destroyed rather than being paid to a given minter. This provides a deflationary force that will have a greater network affect as the PoW block reward declines and all that is left is the 1% annual inflation from proof-of-stake minters (consistent incentive to secure network regardless of transaction fee volume). Instead of coins exchanging hands from those already in possession of them, a majority of newly minted coins goes to those PoW miners (for the time being). It's maintained ~$0.36+ for more than a year now at the current selling pressure from PoW miners. Now that the coinbase reward is dropping with a more significant rate of change, the benefits of this economic model will be realized.
In summary, if you are NOT a noise trader, and are one looking for a 3, 6,12 month position.The time is now while price suppression is in place. Slow growth is the key, noise traders live for volatility, a long term trader sits back and watches the jockeying for position.
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