Author

Topic: Harold and Kumar Ride the FastCoin Cheetah!! (Read 1129 times)

sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
August 01, 2013, 10:29:55 PM
#20
you had me at Harold and Kumar  Grin

fn2BhMkkYnJekkTiFxJVjMyABzHbkgpVTF
/C
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca


Thanks for the post Photon939,

Certainly from a mining perspective it may have its current set of challenges, as time goes on however and mining equipment and network bandwidth improves, this may become less of an issue.  From a transactional perspective, its great to see the coin complete all of its confirmations in less then a minute.  For some, the current orphaning issue is a small price to pay with the added benefit of increased transaction times.

/C

How will Fastcoin deal with the blockchain bloat problem that currently faces bitcoin along with the fact that such fast block times means substantially more blockchain bloat to begin with?

Hi Photon939,

Thank you for your reply,

You have raised a valid point, not just for Fastcoin but for Bitcoin in general.  I have heard and read some discussion on this subject, some interesting solutions to this problem have been discussed here...

https://bitcointalksearch.org/topic/potential-solution-to-blockchain-bloat-150306

Here...

https://bitcointalksearch.org/topic/solution-for-blockchain-scalability-problem-146085

and here...

https://bitcointalksearch.org/topic/building-the-next-generation-of-crypto-currency-developers-required-215936

I don't think anyone knows for sure what the ultimate solution will be at this point for FastCoin or Bitcoin for that matter, however it looks like the Crypto community is proactive and are discussing possible solutions to this problem. 

What I can tell you for the time being is that yes from a miner's perspective you need to configure you equipment optimally to reduce the problem of stales namely how to setup CGminer script etc.  Also you probably want to make sure you have fast enough equipment to handle the difficulty as it rises for this coin over time, again this should be no different from any other Crypto currency.

It will be interesting to see how this coin and all of the Alt Coin's develop over time as these issues as well as a number of other issues not discussed in this thread present themselves.  At present time however it has been my experience that FastCoin has been a great coin to work with and I have mined and worked with quite a few.  Not sure what the future holds, but my hope is that the Crypto community will come up with a solution.

Sincerely

/C
sr. member
Activity: 452
Merit: 250


Thanks for the post Photon939,

Certainly from a mining perspective it may have its current set of challenges, as time goes on however and mining equipment and network bandwidth improves, this may become less of an issue.  From a transactional perspective, its great to see the coin complete all of its confirmations in less then a minute.  For some, the current orphaning issue is a small price to pay with the added benefit of increased transaction times.

/C

How will Fastcoin deal with the blockchain bloat problem that currently faces bitcoin along with the fact that such fast block times means substantially more blockchain bloat to begin with?
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
The stupid-fast block times result in very large numbers of orphan blocks. Imagine spending a ton of time mining, finding a block only to have it become invalid a minute later. This happens very frequently with fastcoin.

One of the many derpcoins-of-the-week with only one or two changes from bitcoin/litecoin. (not that litecoin really deserves its own distinction, it only holds two changes from bitcoin)

Invest wisely  Wink

Thanks for the post Photon939,

Certainly from a mining perspective it may have its current set of challenges, as time goes on however and mining equipment and network bandwidth improves, this may become less of an issue.  From a transactional perspective, its great to see the coin complete all of its confirmations in less then a minute.  For some, the current orphaning issue is a small price to pay with the added benefit of increased transaction times.

/C
sr. member
Activity: 452
Merit: 250
The stupid-fast block times result in very large numbers of orphan blocks. Imagine spending a ton of time mining, finding a block only to have it become invalid a minute later. This happens very frequently with fastcoin.

One of the many derpcoins-of-the-week with only one or two changes from bitcoin/litecoin. (not that litecoin really deserves its own distinction, it only holds two changes from bitcoin)

Invest wisely  Wink
sr. member
Activity: 462
Merit: 250
mining?
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
12 second block targets!? Wow that is fast!  Cool
/C
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
what's price of FastCoin now Smiley

Wow, I guess people like the video's?

FastCoin shot up to almost 0.00005000 BTC!
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
12 second block targets!? Wow that is fast!  Cool

Yup,

Fastest on the market, no political agenda, no central backing of any kind, FastCoin is just what it is, an open source faster version of BitCoin and or LiteCoin.

Cannot be instamined, so all miners in the first 12 months have a relatively equal opportunity to earn rewards before they are cut in half, approximately 9 months from now.

Learn more here...

www.fastcoin.ca

full member
Activity: 238
Merit: 100
Love the Bitcoin.
12 second block targets!? Wow that is fast!  Cool
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
what's price of FastCoin now Smiley

Hello P2pbucks,

It's was hovering around the 0.00002000 area and peaked at 0.00002300 per BTC.

You can see more accurate real-time data here...

https://www.cryptsy.com/markets/view/44

Peace

hero member
Activity: 642
Merit: 500
Evolution is the only way to survive
 what's price of FastCoin now Smiley
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
Harold, Kumar and N.P.H.  Rock out with your Cheetah out  Cheesy

Thanks Atayacron,

If you post your FastCoin Wallet we would be happy to send you some complementary coins!

If you don't have a FastCoin Wallet you can download it here...

http://www.fastcoin.ca/downloads.html

Peace
full member
Activity: 224
Merit: 100
The definition of insanity is doing the same thing
Harold, Kumar and N.P.H.  Rock out with your Cheetah out  Cheesy
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
you had me at Harold and Kumar  Grin

fn2BhMkkYnJekkTiFxJVjMyABzHbkgpVTF
/C
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
I loved this film!

Thanks MikeCryptoIndustries,

We do too, we feel this scene in particular, capture the essence of FastCoin, a great coin to mine and potentially a wild and fun ride!

/C
newbie
Activity: 7
Merit: 0
I loved this film!
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
you had me at Harold and Kumar  Grin

fn2BhMkkYnJekkTiFxJVjMyABzHbkgpVTF

Excellent Skullz,

Glad you liked the Video, I just sent you some FastCoin's let me know if you received them OK.

Peace
newbie
Activity: 1
Merit: 0
you had me at Harold and Kumar  Grin

fn2BhMkkYnJekkTiFxJVjMyABzHbkgpVTF
sr. member
Activity: 420
Merit: 250
www.fastcoin.ca
Watch as Harold and Kumar Ride the FastCoin Cheetah!!

http://www.fastcoin.ca/videos.html

Be sure to Download and post your FastCoin Wallet address to earn Free FastCoins!

Refer a friend and earn more coins!

Enjoy the Video!

/C
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