If we hit block 60k and still haven't heard anything, perhaps the community should take matters into their own hands? I'd be willing to assist with the fork.
I realize Kimoto is probably busy...but this is getting a bit ridiculous. Network speed was down below 10 MH/s at one point and confirmations are sometimes taking days -- there is no reason to continue on like this when there is a simple solution. If this is part of a greater plan to kill the price and scoop up as much MEC as possible before bringing it back to life I think it's gone far enough. Too much time passes between posts by Kimoto. I've seen other devs fork to improve difficulty adjustments within hours of identifying the issues -- what is the explanation for dragging feet?
I have a lot tied up in Megacoin and I'm tired of this frustrating situation. We have the source so maybe it's time to weigh our options. I've seen the value of my Megacoin holdings plummet from around $4100 USD to about $900 USD despite adding even more Megacoins to my portfolio. When you consider how easy the solution was, it's pretty irritating to take a hit like that. I obviously understand the risks and volatility of altcoin markets but the issue here is simply inaction.
If an update hasn't been released by 62k, whether by Kimoto or the community, I'm forking Megacoin regardless of what is decided and we'll see how it plays out.
I am far from a patient person, but Sometimes it pays to have a little fortitude. Volatility can be your friend, so I'm buying MEC now while it's cheap. I don't speak for the good Dr., but if you look at the work that has gone into Megacoin, I think it's safe to assume Kimoto has a plan. More than likely it will have been examined from every angle to make sure it is the perfect solution before it's implemented. If anyone other than Kimoto starts messing with Megacoin, that would be a prime reason to bail.
http://www.youtube.com/watch?v=dZANKFxrcKUHe has a point. Forking MEC on your own will be bad for both of them.
It isn't the ideal solution -- I couldn't agree more. However, the solution is extremely simple. The issue was clearly identified in July; we're nearing the end of August and nothing has changed. I have faith long-term but I'm losing patience -- I have a Megacoin-centric service I want to launch but the network is so slow 97% of the time that it's unacceptable for use. That's great if you're just rolling the dice on buying and holding but I hitched my project to Megacoin back in July and built up a large cache of Megacoin for use with said project.
Last time the reward was reduced, I was almost the only one on the network mining for the first 2 days in the rut -- it's great to be patient but maybe it's time we get slightly more aggressive here, guys. There is no advantage to waiting around on this unless Kimoto is using the fear/panic/doubt to purposely drive the price down for his own purchase.
I've been buying cheap MEC from fools for weeks...but at some point you have to start to wonder if maybe you're the fool.
I think a month is plenty of time to make some simple changes to the difficulty formula. I have no doubt Kimoto has a plan here (literally zero doubt)...but I'm starting to wonder if it's in our best interest.
You can be sure all of us Megacoin fans feel your pain and frustration. I don't believe it serves anyone's interest to drive the price down (especially Kimoto), and yes it is a calculated risk buying at what is hopefully the bottom. You are in good company here, because quite a few of us have a lot of time and money invested in Megacoin, and are also feeling impatient. There is still plenty of time before we hit block 63k, and I believe the fix will be in well before that happens. But again, I don't have anymore information than anyone else here. I just don't see Kimoto giving this any less that his best effort. If I recall his recent post correctly, I believe he said the fork is "imminent". This would lead me to believe the fix will be in sooner, rather than later. So here's hoping we all get a nice surprise soon...