I want to know what the community thinks about BTB.
I have 50% of my mining at FTC and 50% at BTB currently.
I'm a fan of the alt-coins or whatever is bringing highest profitability ratio.
I've sold 40k worth of FC on this forum and exchanges, and I devoted my mining resources to it when difficulty was really low.
Anyway, I want to discuss what people think of BTB for the future.
Although I jumped on FTC, I admitted openly that I do not understand the hype of FTC.
Now, if I am confused or misinformed with anything I posted below, please post some input.
A block reward change of 200 coin from 50 coin, there is nothing fundamentally different between FTC and LTC.
BTB is a new gameplayer, and one that should be looked at seriously.
The difficulty adjustment beats out any other PoW based coin, (BTC,LTC,FTC, etc)
The minting ratio is about 1 BTB/10 minutes.
This means that if people are flooding the network finding new blocks, that the reward should be lower than normal. (currently, ~.16)
This should (probably did) mitigate the idea of 'early adoption' .. 'premining' for this coin.
Now think about when currencies (like where FTC is bound), will overshoot the difficulty forcing a lot of miners to leave the network?
(The difficulty will drop later)
What happens then is the BTB reward per block should get higher.
This provides an incentive to continue mining while the difficulty may even be in decline, or too high.
The balance/reward on this system seems more sound and makes more sense to me than other coins.
NVC really caught my attention and I would have thought the NVC structure would have beat out any other scrypt alts in the long run. However that pesky, premine has tainted the image and adoption.
Anyway there are some things to be concerned about. The dev's of BTB, I hope they can play a strong role in the community. I have to say I like the idea of BTB, probably more than any other alt-scrypt coin out at the moment.
Let's not forget some of the major issues with BTB:
1. 60 blocks after the genesis block were premined
2. Difficulty for the first 735 blocks was so low that it can't even be shown on the explorer
3. For the premine period, 59.644201 BTB were generated in little less than 4 minutes
4. For the difficulty under 0.001 period excluding the premine period, 600.324139 BTB were created in little more than 20 minutes
http://btb.cryptocoinexplorer.com/chain/BitBar?hi=736&count=737Another BitCoin Rambo throwing around the word SCAM to try and stop the progress and the obvious evolution to crypto-currency . BitBar is not Bitcoins enemy it's
Bitcoins savior . Ther ALt-coins have and are destroying BTC value BTB is an ALLEY to BTC .. Come on friend can't you see my logic ?
