Topic: [ANN] [BEN] Benjamins ◄ SHA-256 ►◄ BOUNTY AVAILABLE to make BEN merge mineable!! - page 27. (Read 94414 times)

Well there are people who rate a fork as "urgent" as they have worked with "other coins" that if they did not adjust difficulty appropriately (to make more coins) then the miners stop mining that coin.  Or so the tale goes.

And the person also seems to argue that "Since BTC was built to spend its first months working not with ASIC gear but with CPU power, then it is not realistic to expect a BTC clone to work, because they start with ASIC power from the ge go, and this makes difficulty scale to sharply upward.  Which seems a viable premise.

So, imo it is Ben himself who will get support from owners of the coin.  Anyone can go to cryptsy, and buy 1000 USD worth of BEN and be a major player for change.  Say for example you got Goxxed, well, don't give up, just join the new solutions.  Ben is asking for help so I say lets give it to him, he clearly has a desire to hold the line of integrity on his blockchain, but also, these TX times are probably too slow for merchants so it is a mix.  For example, it takes a long time for confirmations, like sending coins from unconfirmed poolwallet to confirmed pool wallet and then from there to local wallet, etc.  Takes days.

I think coins are inherently political.  But also, politics is inherently about security and safety.  So, while I know many fools get upset if I talk philosophy and history, I think it is appropriate if we are trying to build not just a good blockchain/coin/network here with Benjamins.  Coins are by their very nature, political, and this is because they allow capital flight.  Cryptocurrency is inherently revolutionary and cannot be anything else.  I feel many players who seek wealth early will lose out to the long game which has its sights set on integrity and value and protecting the smallest investor.  As Ben Franklin would do.

Did you know Ben Franklin started the US libraries with his friends who just loved books so much that they just shared their libraries with each other?  As a book lover, I think that's one of the coolest things about the Ben of history.  Well there is Ben Hur but I mean recent centuries.  Recently, we know which Ben is the friend of the common man.  Also, a friend of electricity!

You are still able to mine only Benjamins directly, even if we add merged mining

The biggest drawback is that people will mine BEN without caring about it and likely dump them right away. However, it's a small price to pay for us to piggyback on some BTC hash power and keep the network more secure than no merged mining

The software I use doesn't have merged mining capabilities...

Didn't someone say previously in this thread something about merge mining killing the price of the coin?
I am much too lazy to scroll and reread the entire thread to find who said it.
Is there truth to that? why/how would it kill the price?

Are there any actual drawbacks to merge mining?

Yea, you might have to do a few tweaks, but pools are capable of it. Basically you mine Bitcoin and the merged coin at the same time with the same hashpower

This would let the network do what it wants to do, but give it the needed hashpower to push forward without changing the coin itself. It's going to be the best option for the situation we are in. However, I will need to find someone that can do this right since it will be a fork and we have a lot of pools and exchanges to get updated

If anyone has any experience putting merged mining into an already launched SHA coin, please contact me

I am just going to post this here, and say that Benjamin Franklin loves anyone who defends the principles of the Constitution of the United States.  That means that he likes Snowden better than any of our other leaders.

Anyway what does it mean to lead?  How would any of you describe leadership?  Because, I see so very little of it in every day life, and on the TV.  But, I feel BEN has leaders who want it to serve the people well.  Let it be so.

That's cool that you have ideas.

But, "mobile apps" are literally just vectors for theft.  I am sorry, I find 99% of so called experts know nothing about preventing theft.  But Paysha is not why I mine Benjamins.  I expect many people will try to provide a service, and I am correct in saying that service begins, with security, and POS is not secure, and so, whomever will succeed, will bring security that works and is open source.

It is true the world is rushing toward tard devices like tablets.  That is stupid and folly.  And yet, we cannot stop them, so there are three choices (since mobile devices CANNOT EVER be made secure), we can 1: become thieves and thugs, or 2: step away from it and call it someone else's problem, or 3: design a coin that becomes the POS solution.  For my Benjamins, I can see many partners trying to bring POS payment process, but I am yet to be convinced there are any brains in these schemes for POS security.  But, bear in mind, I am an IT worker for ten years at the systems level.  Like I said earlier, meetings are mostly just full of stupid ideas.  This idea that POS will come later, fits someone's plan for some idea of theirs, but it's not an idea which has mental bouyancy, just profit.  And profit is not intelligence.  Indeed, the thieves are the best capitalists, but do we call thieves intelligent.

As for BEN blockchain, just do whatever you think is best.  I am mining Benjamins not due to any payment notions, I am mining Benjamins because Benjamin Franklin spoke to me from the spirit world.  I asked "Do you think we can use you image to finally make a decent coin of good worth?" and he said, "Yes, please do so."  And so then I asked, "Why don't you come be born onto Earth again?" and he said "I don't want to come back."   ...This was a pretty honest answer.  It is for that true conversation, that I mine Benjamins.  Make the blockchain useful to the people, and all will be fine in time.

How does this merged mining work? It is compatible with the pools?

I think longer blocks are best for security. Merged mining would also help that. I think every SHA should be merge mined

Would you guys prefer faster blocks and quicker difficulty adjustment or merged mining with BTC?

Merged mining would ensure the best network security, and is the route I would prefer, but we would need to find someone to help us put that in. I think it's the best solution to keep the coin supply where it should be, but also increase network hashrate and get it somewhat stable

POS system is something that will come later, and most likely be done with mobile apps. We already have lower fees than credit and debit cards, I think merchants will see the benefits right away after they make their first sale or two and see how easy it is

Last I heard, Ben was working on the fork, but having some problems

I am okay with that.  Just wasn't sure if anything had been changed because those blocks came pretty quick.

But I am sure Ben is working hard, nice work so far.  My main concern is security since that's where existing POS systems fail badly.  Admittedly they do billions in $$$ with no problem, but in this new era, their outdated antique network and devices are a serious weakness.  Therefore, if one doesn't build next-gen POS devices and networks with security first (a new paradigm) then there is no point in doing it at all, else more innocents will just be fleeced.

But anyway, back to the topic, do what you want with the coin, but as for merchants, you need to convince them that it is in their best interests to purchase a mining device A: for TX improvemnts, and B: to pay themselves a bit.  So, if trying to see the future at zero-cost for the merchants, that's not realistic.

But then, merchants are dummies when it comes to tech.  So, it is hard to educate the monied parties, because, the past ways have made them rich.  And, they think they won't lost their money.  But then, all fiat is actually debt, not money.  So, I would say a technically-supported cryptocoin as BEN, is actually more real and more appropriate, than all these debt based fiat systems.

The first nation or concern that goes all in, on some coin or basket of coins, will gain a huge advantage over other players.  I feel sad that America is run by dummies who can't see that.  Or, perhaps that is why they fight BTC and crypto and make fun of it.  That is often what people do, when they are scared.

yeah totally luck.

I was just gonna respond to that fact.  Is it luck?  Hey, I am not complaining when the Benjamins are finally coming to me after days and days of mining. But like I said, I am buying to hold long so it is almost like mining gold that nobody knows is gold yet. 

Benjamins Baby!

On a lucky streak...

The Hasher pool found 3 blocks today and made some payouts.

http://ben.hasher.ca

Happy Hashing!

I'm definitely OK with 2 minute blocks, as long as the diff algo is also addressed.

As far as what block#, as Prayer said above, that's up to you.  72 hours should be plenty of time for exchanges and pools to update (assuming it's during the week), given our current ~4.5 hr block times, that means the fork should occur roughly 16-20 blocks ahead of whatever block we're at when the code is ready.

too quiet in here...

Doesn't really matter which block.  Last block is 24223.  If it takes you 8 hours to patch and release, that puts us at block 24225.  If it takes another 24 hours to get the pools and exchanges to update, that puts us at block 24231.  Maybe shoot for block 24240 to be safe.

I'd wait for input from the stakeholders though.  They may be able to act faster or might need more time.

Ok, so you guys want 2 minute blocks? That's what you want the fork to do?

Also, what block? We have a lot of pools and exchanges to get updated

560 unconfirmed coins and counting on Pitythepool.  Do I jump ship or what?  Advice please.  Thanks.