I do not personally believe trust will come from hashing power alone. This is a battle for the long haul and reliability and consistency is what will give trust.
I have been mining Bitcoin for a very long time and have lost more coins than I care to speak of in the years. I started cpu mining and did not know what I was doing or what I had. I left my mining program running and forgot about it, i also left my coin accumulating in a pool! I learned the hard way do not use a pool as your wallet.
I invested heavily into ASICs and lost when the price crashed from $1200, I learned do not go into deep debt on something that you can not afford to loose. I lost in a big way!
I still believe in Bitcoin and bare the scars from this belief and battle. I have watched the block debate very closely and believe this will be decided eventually, but not without more blood, tears and scars.
Bitcoin may not be here forever in its current state, but the cryptocurrency genie is out of the bottle. Big money sees the potential for good and evil, this means cryptocurrency and blockchains are here to stay. So am I.
Reading on C-Bit and their ideas and concepts, I came to see that they are knowledgable about the issues we are facing and presented a viable coin and ideas that can be implemented. Back to my thought,
When bitcoin first came out, no one had extra hashing power to play games with to affect others. Hashing power was too precious and expensive to throw around on awhim, they were no hashing rentals available. Early ASICs were expensive and you used this investment wisely and with dedicated purpose.
Today a new coin like C-Bit that may possible threaten the "established" coin leader, it can become a target for all kinds of covert forms of aggression and sabatoge. Being we now live in the crypocurrency eco system of today, it is a dog eat dog world!
I beleive if us who are visionary will get behind C-Bit and commit consistent hashing power to it and hold the course we will become strong. It will not happen overnight and we do not want it to happen overnight. We need to build strength and consistancy, this will build trust. if Doge coin can survive, surely we as experienced Bitcoiners can too.
Encourage all the miners you know who have old machines sitting on the shelf to turn a few back on a direct them at C-Bit. If you want there to be independant mining pools create and promote them, set up and operate nodes to give it more strenght. Bring back that fire we all had for bitcoin in the beginning, this is a whole new opportunity to build something that will be an assest to what ever version of Bitcoin survives. As the saying goes, “A rope made from three strands of cord is hard to break.” ... defend each other. And three people are even stronger. They are like a rope that has three parts wrapped together. lets build C-Bit as another cord of the Bitcoin structure and become stronger.
Thank you
Mtnminer
This is getting interesting :
The official C-bit pools are exploding.......
Yesterday morning : 756 TH
Yesterday evening : 1,583 TH
Early This Morning : 2,260 TH
Later This Morning : 2,845 TH
I think the difficulty should be rising soon.
Please can you update!!
Now only max 20 Th on all official pool! PR release give you some Hash for only 1 day!
You need more then that to gain trust...
