Everyone Read - Why so much effort to bury FTC?
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Well said, its a war out there so lets fight harder.
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I’ll drink to that… *hic* ;)
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I don’t even waste my eyesight or brain power reading the crap that they write, I remember seeing similar trollish things being bantered about LTC and all the time the sensible people were mining & buying up all of the ridiculously cheap 6-7 cent coins …He who laughs last, laughs longest! :D
I have great faith in our community (you, our community leader :) ) and bush as main developer, in fact I can not think of [i]any[/i] other coin were the developer plays such an active & most of all [i]open[/i] role in its progression. 8)
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I don’t know why but I feel confident we will get over the hurdle.
I’ve not even looked at other alt-coins, so it’s not as if I’m placing bets everywhere and bouncing around whichever one does best.
I could be entirely wrong and in 6 months it will all be memories… but at least they will be fond :)
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Haters will always be haters, we’re a thriving community unlike most. As you’ve rightfully said we range from more than just ‘miners’ and ‘forum posters’. :D
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If we only implement 1% of our ideas, we are already ahead of the rest. It’s already a great experience and it will only get better.
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I’d say the real issue is the initial pump and dump. People gamed the coin to a difficulty that is currently unsustainable. Even with the up coming drop the current hash rate is too low to maintain decent coin output and confirm speed. The fork was promising but a 500 block wall before the diff drops again to something matching the current network speed means you’ll need constant donations of hash, which people aren’t really looking for when it comes to mining, so I don’t see people being optimistic until the next drop.
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A skeptic would ask a different question: Why so much effort to keep FTC alive?
Without donations the transactions will completely stop in a matter of days. If the diff adjust / fork keeps running away into the distant future, we’ll never reach it. You must admit, most of the miners are looking at ROI and profitability, not community and support. They must return their hardware investment and can’t afford to mine something at a loss for weeks. Yes, a few days maybe, but not weeks.
The time to retarget is still growing and I am thinking that I should just give up next week and switch to something else if nothing changes. In the announcement thread I suggested reducing the retarget to block 32,900. There are so few miners and only a handful of pools and exchanges that it should not cause any issues.
Try release 0.6.5, retarget at 32900 tomorrow and see what happens. You risk the possible 51% attack but if you don’t you risk the death of the network and the coin. I don’t know which of the two bad options is better.
Just my $0.02 with all respect to Bushstar, justabit and others.
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Mining is important for a proper functioning network but currently the network is not used very much. It is still in the early stage. As much as wewant things to go back to normal, one week or one month won’t make the difference for FTC. It would for LTC or other bigger coins but FTC’s potential is currently mainly embodied in its active community. Just keep on mining and contribute while we remain in the slow zone for a while.
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When is the difficult likely to reset now? Cant wait to start getting more than 20 coins a day! -.-