Have to say it,TRC is in a hype bubble right now. All manner of things point to this being nothing but a hype and hope coin. It doesn't have any advantages over Bitcoin or Litecoin, apart from the fast difficulty adjustment which is actually a crippling disadvantage. Scroll down the topics and you'll see a large number of people complaining about things going badly wrong. Last night blocks weren't syncing, confirms were taking 5 hours to come through etc.
Other things from today:
"Having network hash rate going from 100~200 Giga hash/second to 4.5 Tera hash/second, then back down again is just crazy. This is almost as bad getting 51% attacked by a pool. "
"You are wrong. 10 out of 10 valid blocks I mined solo were accepted by client but rejected by network. Difficulty still adjusts almost at random, not every 30 blocks."
Some topics:
https://bitcointalk.org/index.php?topic=168251.20
https://bitcointalksearch.org/topic/trc-terracoin-going-crazy-168708
https://bitcointalksearch.org/topic/finally-terracoin-117279-btc-100-168640
It's been stress tested now with a lot of users trading it and mining it and it has crumbled badly.
And this is from people using ASICs to mine. Imagine what happened if someone with an ASIC actually intentionally tried to cause trouble. The only reason the price is so high is because a lot of people aren't aware of these issues or they are focusing on making a short term profit over a matter of hours or days rather than thinking long term.
In it's current state this simply isn't a usable currency system to use as payment!
Topic: TRC is in the middle of a hype bubble that is going to burst (Read 545 times)
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