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Topic: uh (Read 433 times)

legendary
Activity: 1484
Merit: 1005
uh
November 26, 2013, 10:59:32 PM
#2
pnd

the coin will be 51%'d by a large litecoin miner if anyone actually uses the suggested transaction confirmation time of less than one minute

but probably cryptsy doesn't... which defeats the entire point of the coin.
member
Activity: 112
Merit: 10
We are connected. you are me I am you.
November 26, 2013, 10:41:22 PM
#1
uh yeah this coin


http://www.cryptocoincharts.info/period-charts.php?period=10-days&resolution=hour&pair=fst-btc&market=cryptsy












I was just thinking about speed of transactions being an issue and checked fastcoin, seems like its gaining momentum.. and fast.  its gone up 10x in one week i guess




i see it two ways, for the pro's it is appealing to play on the speed of a transaction
cons
i guess speedy confirmations means less security. 

kind of like fastfood.  its fast but not good for you.  does it work in this bullshit system of instant gratification?  yes.  i hate to invest in mcdonalds but its just a boat i have to put a little in just to see what happens
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