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Topic: Terracoin is ALLIIIIIVEEEE - page 7. (Read 22849 times)

full member
Activity: 148
Merit: 100
April 07, 2013, 02:09:29 PM
#63
if only half of the TRC traders were effectively mining it Smiley we probably never ran into those hashrate/diff problems Smiley
legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
April 07, 2013, 02:00:44 PM
#62
with current net hashrate, it will take quite some time to get to next big diff adjustment & get a usable coin back (18 blocks remaining?)  Sad

It took about 12hrs for my transaction to go through, but it did go through.

Same for me, tried to get them to BTC-E and after 12 hours finally it's confirmed.
member
Activity: 103
Merit: 10
April 07, 2013, 01:57:51 PM
#61
with current net hashrate, it will take quite some time to get to next big diff adjustment & get a usable coin back (18 blocks remaining?)  Sad

It took about 12hrs for my transaction to go through, but it did go through.
full member
Activity: 148
Merit: 100
April 07, 2013, 01:46:44 PM
#60
with current net hashrate, it will take quite some time to get to next big diff adjustment & get a usable coin back (18 blocks remaining?)  Sad
member
Activity: 103
Merit: 10
April 07, 2013, 01:40:47 PM
#59
I ended up selling it, the price is pretty high now and with the instability I don't see how it will last. I will just keep BTC right now and maybe consider getting back into TRC once all these problems go away.
legendary
Activity: 1484
Merit: 1005
April 07, 2013, 01:30:35 PM
#58
You guys do realize that TRC is only up at the moment because fontas is pumping the price, right? Roll Eyes
Once he decides to hop to another coin, he'll dump all his TRC, and price will never recover. Roll Eyes


who the heck is fontas?!?!?!?!?

btc-e trollbox champion.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
April 07, 2013, 01:27:19 PM
#57
You guys do realize that TRC is only up at the moment because fontas is pumping the price, right? Roll Eyes
Once he decides to hop to another coin, he'll dump all his TRC, and price will never recover. Roll Eyes


who the heck is fontas?!?!?!?!?
hero member
Activity: 868
Merit: 1001
https://keybase.io/masterp FREE Escrow Service
April 07, 2013, 12:32:41 PM
#56
If you don't have Terracoins then it is dying.

If you do have Terracoins then it is not dying until you dump them  Grin
hero member
Activity: 714
Merit: 500
April 07, 2013, 11:34:44 AM
#55
You guys do realize that TRC is only up at the moment because fontas is pumping the price, right? Roll Eyes
Once he decides to hop to another coin, he'll dump all his TRC, and price will never recover. Roll Eyes
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
April 07, 2013, 11:05:02 AM
#54
Don't be so dramatic. No one has their grandmother hooked up to a TRC life support machine. Things break, we fix them, life goes on. This is an experiment.

It is? Drop me a few thousands TRC to address bellow, I wanna experiment with exchages a little, or something else.

17xe7DmMdPvmefSR72fE2Nvp7eBgcqSiph

A few thousand huh? Don't be modest.
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
April 07, 2013, 11:02:28 AM
#53
EDIT: Don't be so dramatic. No one has their grandmother hooked up to a TRC life support machine. Things break, we fix them, life goes on. This is an experiment.

It's kind of important a currency system doesn't break.  What if this gets patched and then it rears it's ugly head again later down the line when the network is even bigger. I ask this because we're now on the third mandatory patch to do with difficulty adjustments in the last month.

In it's present form TRC simply isn't suitable for use by vendors.

Well I agree with you about the use by vendors. But there are hardly any vendors using any alt coins. I do feel for sRoulette though- as this seriously impacts their business model.

At the moment what we can do is keep building. Speculators will Speculate, we all know that. There is a profit to be made by anyone in speculation (as well as loss). Indeed the speculation is important part of the economic growth- it leads to a wider distribution of coins. Originaly miners and hoarders sell their coins for a handsome profit and it goes into possesion of a larger number of users. Those users then are invested with a sense of ownership and some portion of them will work to make the coins they bought (over priced) to be as valuable if not more then when they bought them. So they build services, which further widens the market. Then the price eventually returns and surpasses the value at which hoarders sold. But now the coins are in many more hands then at the start. So it's a natural process.

Along the way will we fix this diff issue. It could happen to any of the SHA-256 coins- Freicoin was at a virtual standstill for two months waiting for their diff to come down.
legendary
Activity: 1344
Merit: 1001
April 07, 2013, 10:55:49 AM
#52
EDIT: Don't be so dramatic. No one has their grandmother hooked up to a TRC life support machine. Things break, we fix them, life goes on. This is an experiment.

It's kind of important a currency system doesn't break.  What if this gets patched and then it rears it's ugly head again later down the line when the network is even bigger. I ask this because we're now on the third mandatory patch to do with difficulty adjustments in the last month.

In it's present form TRC simply isn't suitable for use by vendors.
full member
Activity: 156
Merit: 100
April 07, 2013, 10:52:11 AM
#51
Rabbit, actually I have updated and it still will not sync


edit: things are moving again

Currency   Code   Block   Time   Started   Age (days)   Coins Created   Avg Coin Age   % CoinDD
Terracoin   TRC   101609   2013-04-07 15:52:19   2012-10-26   163.28   2032230   33.1314   59.6073%
legendary
Activity: 1204
Merit: 1002
RUM AND CARROTS: A PIRATE LIFE FOR ME
April 07, 2013, 10:43:54 AM
#50

Methinks you just want cheap TRC.  The terracoin network would continuously have 6% of the bitcoin network throughput if the price were 0.03 BTC/TRC.  Basically, the price needs to double.

The coin infrastructure is broken and you think the price will double in light of that news.  Roll Eyes

Indeed, LOL! You people seem to be unaware of the major issue right now, and that is how easy is to ruin Terracoin completely.
Vircurex reports Terracoin network hashing at around 46 GHashes. 1 Avalon ASIC with 3 modules hashes at around 65 GHashes,
which is more than enough to kill Terracoin. Of course, from the point of making money it would not make sense to do it, but my
point is that Terracoin is more vulnerable than ever before. To asume no one will kill it because it would not be in in his or her
interest - read: no profit - is major logic flaw. Would all other altcoins profit from Terracoin going down? Of course! So, right now
it takes just one person with Avalon who heavily invested in PPC, LTC or some other coins other than TRC to decide to get rid off
"annoyance" and thus turn at least some of those who were dealing with TRC to coins he or she owns in thousands or millions.

If I'm one of those people, Terracoin would be dead already. That which sux must be destroyed so there is more room for that
which sux less.

Most here are thinking so narrow and shallow it is really disturbing. Try to think what image cryptocoins project on those who
just recently discovered them. Since Terracoin just slightly differs from Bitcoin, problems with it and other altcoins will inevitably
affect opinions about Bitcoin. Making some profit of altcoins while at the same time killing Bitcoin is sure way to ruin everything.

As a point, even BTC blocks are taking longer then usual to confirm. Maybe someone out there as an ASIC network that isn't running very smoothly?

EDIT: Don't be so dramatic. No one has their grandmother hooked up to a TRC life support machine. Things break, we fix them, life goes on. This is an experiment. If you wanted total security you should tuck your BTC in FIAT. Because we know how awesome that is 100% of the time.

Second EDIT: It's not even broken. Its just god-awful slow. Update your client to help fix this.
legendary
Activity: 1344
Merit: 1001
April 07, 2013, 09:56:56 AM
#49

Methinks you just want cheap TRC.  The terracoin network would continuously have 6% of the bitcoin network throughput if the price were 0.03 BTC/TRC.  Basically, the price needs to double.

The coin infrastructure is broken and you think the price will double in light of that news.  Roll Eyes

sr. member
Activity: 280
Merit: 250
V for Victory or Rather JustV8
April 07, 2013, 09:43:54 AM
#48
IMHO will dead  Grin

Methinks you just want cheap TRC.  The terracoin network would continuously have 6% of the bitcoin network throughput if the price were 0.03 BTC/TRC.  Basically, the price needs to double.

The market can't, most likely won't, support that.
jar
newbie
Activity: 48
Merit: 0
April 07, 2013, 09:30:40 AM
#47
IMHO will dead  Grin

Methinks you just want cheap TRC.  The terracoin network would continuously have 6% of the bitcoin network throughput if the price were 0.03 BTC/TRC.  Basically, the price needs to double.
hero member
Activity: 556
Merit: 501
CryptoTalk.Org - Get Paid for every Post!
April 07, 2013, 09:22:09 AM
#46
IMHO will dead  Grin
jar
newbie
Activity: 48
Merit: 0
April 07, 2013, 09:21:38 AM
#45
If the price is right, ASIC miners would be mining TRC permanently.  Right now, the market is undervalued for them.
newbie
Activity: 59
Merit: 0
April 07, 2013, 09:18:17 AM
#44
We need Avalon's back on the network ASAP.  Tons of money to be made by all. LOTS of people moving coins from vircurex to btc-e and we need the network up.  Please help!!
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