I was suggesting today that it might be a good idea to kick the can down the road on the bomb just to force the dev team to come back to the table in 2018 to address the "next gen" of ETC whatever that turns out to be. Otherwise my fear is they are going to HF to diffuse the bomb and then do nothing. We will see the ASIC's come screaming in and then the real damage begins with ETC consolidating with fewer and fewer miners as all the power gets sucked into a few select locations with cheap costs and cheap electricity.
I don't know that they will take my suggestion seriously, but it might be to our benefit to prolong the bomb just to make sure that they have to address a hybrid implementation or how to address the ASIC's that will have already come to market probably by the summer time next year.
if you read yesterday mornings #general Slack you will see i kicked of about lack of roadmap and the disconnect between devs and the public. I was a lone voice so they don't see a problem. Go back and read the slack. I managed to get some chat going with one of the devs but not sure if there was an attempt to appease me. But if more people bang on about it they will take notice. I think that currently they are surrounded buy a small group who tell them they are wonderful. Go ask them for a roadmap. See waht happens.
I don't think they understand that mining etc was a protest....
I was'nt mining ethereum when the fork happened. I was mining feathercoin. I switched to mining old ethereum at block #1920000 because of how the fork was implemented. I had mined Ethereum previously, from March up to one week before the Dao attack. I stopped mining it one week before the Dao attack due to the arrogance of the foundation and because any post i made that questioned what they were doing were removed from their forum.
I suggested in some previous chats that we could look at a coin like Verge which has gone to a multi algo to address the ASIC's and make the diff higher on ASIC enabled algo's, but they also mine other algo's on the same coin on x15 and x17 if I recall correctly. So there are ways to address the ASIC threat and keep POW in the picture. Of course POC I think is very interesting and should be investigated as a serious contender. That would put a lot of new miners in the mix and change the cost and energy dynamics completely.
I am currently piloting an array of HHDs to mine
Burst. Sorting out the wallet and full node took some time as you have to send and receive Burst to make it active. However, there is a light wallet and a phone wallet if you are into pool mining. They have a cool messaging system too where you can include text with payments. Once set up it's very slick and easy to use. Nice GUI with loads of info. It makes Mist look dated. Also looks like
smart contracts will soon be available.
BUT, I don't think anything will happen if they defuse the bomb and are not required to come back to the table to work the issues. So I am hoping that they will review the roadmap and agree that by 2018 we should be ready to do something for the next gen of ETC and we should re-time the bomb for 2018 to ensure that there is forward momentum. So that is kinda my though process on this, but I am just a fly on the wall here...
Go speak your mind, go ask for a roadmap. How can people invest if they are in the dark? I am a lone voice among 1000 wanabe devs when i ask.