2014/12/23    Primecoin – The Hope

“Thanks for your support of primecoin. I think it’s fair to say that I designed primecoin not only as a breakthrough as scientific computing apparatus, but actually as a quality replacement of other more dominant PoW cryptocurrencies as they ignore the long term security challenges. Rebranding though is not necessary I think, at least the English name Primecoin does not really limited it to prime numbers, so I think the name is fine as it is. It may appear that primecoin has less development support at this point, but at least from my point of view primecoin would have my support. My current undertaking on sidechains, might even be tried on primecoin first, due to it’s different properties. Although this shouldn’t be taken as a promise. But in any case, if sidechains materialize primecoin would also have my support at some point.”

“Hi crypto_coiner, long-term bitcoin security relies mainly on transaction fees. primecoin realistically would continue to have some subsidy long term, so less reliant on transaction fees for security. I am of the opinion that the PoW sector and PoS sector would coexist for a long time. Although recently primecoin was lackluster in the PoW market. There was no plan to combine the two currencies, they were designed as two separate networks, both with strong security. Peercoin is better as savings instrument, primecoin is better as transactional medium. Best Regards,”

Source: Emails between Sunny King and Crypto_coiner, Summer 2014 (through the peercointalk chat box)


List of Primecoin clones/derivatives:

“pNut – FTW https://bitcointalk.org/index.php?topic=435232.0, https://cryptocointalk.com/forum/761-pnut-ftw/
Bernankoin – BEK https://bitcointalk.org/index.php?topic=375010.0
Datacoin – DTC https://bitcointalk.org/index.php?topic=325735.0, https://cryptocointalk.com/forum/487-datacoin-dtc/
CDNcoin – CDN https://bitcointalk.org/index.php?topic=393190.0, https://cryptocointalk.com/forum/566-cdncoin-cdn/
Primecoin – XPM https://bitcointalk.org/index.php?topic=251850.0, https://cryptocointalk.com/forum/280-primecoin-xpm/

And Riecoin is a modified clone of PrimeCoin, it uses prime constellations for PoW:

Riecoin – RIC 446703.0 https://cryptocointalk.com/topic/4914-riecoin-ric-information/”

Reason why there are a very few Primecoin pools: nobody knows how to make pools – With the exception of a handful of developers.


Source: bitcointa.lk (June 2014)


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