note: If for some reason you were on a different chain, or your wallet just hiccuped and spewed nonsense out to the network, your wallet could end up being banned for 'misbehaving'
It's a temporary ban set for 24 hours. (most wallets are 10 minutes - I don't know why they designed bitbar this way)
Sounds like part of the original over engineering of Bitbar, with emphasis on security.
520 Confirmations over 120
Difficulty Adjust every block
Pos/Pow hybrid
ect?
I agree somewhat on the over engineering.
I don't understand why misbehaving wallets aren't banned permanently or until they meet certain criteria which would then after, allow them back on the network.
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Could it be that the og Dev thought there would be over 120 nodes on the network at any given time?
Waiting for 520 confirms does take forever right now but what if there were over 120+ nodes on the network? Right now, 520 confirms is way over ambitious in my opinion and may even be a deterrent for use of BTB. A person might not want to wait that long especially because of how fast as it's value can change on the exchanges. Someone might be mining it because it is profitable over, say LTC. BUt by the time that mined amount is mature it might no longer be profitable and selling could be at a loss. So there is risk involved that way and said person might feel like a "bagholder". Which is not so good. Sure we want people to hold bars because that keeps them rare but we NEED people to spend/use them also.
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I like the diff adjust after every block. I wish more coins were like that! I feel an unfair advantage can be had otherwise for an amount of time.
For instance, when I jumped onto the LTB network before anyone else did... before Spidersbox pushed out the first new updated wallet (I took a risk mining the wrong chain). I found literally 46 blocks the first minute, the count went higher per minute before it went down until the diff was adjusted. But only slowed down slowly also as the diff kept being adjusted. I felt like I hit the jackpot. Alerts for blocks found wouldn't stop, I had to turn the sound down. ching! ching! ching!ching!ching cha-ching! lol
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PoW/PoS is good too