Topic: FreiCoin (FRC) discussion (was FreiCoin (FRC) for TRC, PPC, LTC or BTC) - page 4. (Read 42655 times)

How many more to go? 300?

How many more to go? 300?

is there a new projection when the diff will drop?

is there a new projection when the diff will drop?

18:24:19 PM] maaku: btw this hasn't come up, but I'm not worried about the hash rate at all
[18:24:43 PM] maaku: imho this is simply a combination of a lack of exchange and the skyrocketing btc price
[18:24:54 PM] jtimon: we could announce it like that, "the first amounts will depend on the proposals presented"
[18:25:38 PM] maaku: jtimon: yes, that's my thinking
[18:26:30 PM] jtimon: difficulty will lower "soon", judging from the last graph I saw, although I didn't counted the blocks, lazy me
[18:28:10 PM] jtimon: it went too fast at first, so it  may even be good that it slows down
[18:28:26 PM] maaku: we have exactly 400 blocks to go to the next adjustment
[18:29:14 PM] r000n: ~2 weeks
[18:36:15 PM] maaku: but i wanted to get a GUI element first that warns if there is a significant mismatch between block height and reference height
[18:36:35 PM] maaku: which I'm working on now
[18:37:08 PM] maaku: i'm thinking just highlight the reference height in red if it differs from the block height by more than 6
[18:37:30 PM] maaku: and maybe a tooltip explaining why
[18:37:40 PM] jtimon: yes, now that people are warned, it's better time to put it easier to change refHeigh
[18:38:18 PM] jtimon: sounds good
[18:39:13 PM] jtimon: a wiki article would be cool too
[18:41:59 PM] jtimon: explaining why that's an attack and what the limitations of the attack are if you just look at the refHeight
[18:42:51 PM] maaku: ah okay, that's a good idea
[18:50:15 PM] maaku: ok, so tasks for me: 0.0.2 release and debugging freico.in page buildout, and incorporation paperwork
[18:50:46 PM] maaku: if someone wants to take a stab a the ref height wiki article, that'd be great - it'd take one thing off my pile of work

I think this is appropriate. The demurrage is less when there is less mining activity. I have always wanted a currency which increases in value when economic activity is slow and decreases in value when economic activity is overheated. Hopefully it creates a self-regulating system to manage booms and busts.

just a highlight

It is 1 hour, and yes, network hashrate and thus difficulty tends to oscillate wildly but even though manipulators are doubling difficulty
often, TerraCoin is showing it's supremacy over most other coins. Not only that manipulator won't get much more TRC overally before
difficulty goes up - which is the point when he will jump off the network - but it'll take just 2 hours to have difficulty halved.

PPC might be better actualy, I haven't checked it because of security issues - are they fixed yet?

There is no need for ad hoc rules like that. I have already presented a solution with ppcoin's continuous difficulty adjustment algorithm. Using a shorter adjustment interval like LTC works to some extent as well. Only TRC's 2-hour adjustment is probably too short and opens up to difficulty manipulation by the miners.

Although too late now, perhaps a secondary condition for changing the difficulty based on a low average of blocks over a few days might avoid the issue in the future for any cryptocurrency. This is just a quick suggestion and I have not flushed out all the security concerns. This would probably require a hard fork.

The network is still fine. For one, it's the exact same as bitcoin.

We haven't monkeyed with the proven parameters that make Bitcoin work, not even the targeted inter-block time.

As you can see at cryptocoinexplorer.com, the current block is 15677. http://cryptocoinexplorer.com:4750/chain/Freicoin

I understand difficulty can only increase a maximum of 4x at each adjustment period.  Is there a limit on how far difficulty can decrease per adjustment period?