Search found 1429 matches
- Mon Sep 12, 2011 7:41 am
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
[...] knowing that everyone who got a bitcoin has also got an equal amount of namecoins, what would you assign to the value of namecoin? My bet is zero, or some really really small speculative value. So after a little bit, the additional income merged mining provides will become negligible - simply...
- Sat Sep 03, 2011 7:26 am
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
could not find anything like a vote there... We had several threads for two month hearing everybodys concerns and discussing the details. We cleared any issue and vinced even waited long between his posts and updates. Furthermore we did a full rollout on testnet and forked the blockchain there and ...
- Fri Sep 02, 2011 4:19 pm
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
was there a vote about merged mining? if not, how who made the decision? Yes, there was: http://dot-bit.org/forum/viewtopic.php?f=5&t=217 merged mining will start in 370 NMC blocks but nevertheless it is a good idea to discuss further options. Both solutions aren't mutually exclusive. could not fin...
- Fri Sep 02, 2011 2:30 pm
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
I agree, but have it so that the difficulty changes say 6 or greater blocks after the block that is greater than 2 weeks to stop any time asynchronous errors or shennanigans from creeping in ... i.e. have a hashed time/date-stamp confirming the 'overdue' diff. adjustment at least 6 deep in the chai...
- Wed Aug 24, 2011 12:24 pm
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
It seems like there should be some way to tell time without using an external time source since one of the tasks of the btc/nmc network is to act as a time-stamping algorithm (this is the concept behind the double-spend solution and what all the hashing is about). It is not a super accurate time so...
- Thu Aug 18, 2011 4:24 pm
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
I'm a bit confused. Are you worried about a Namecoin price drop, or worried about the effect on the namecoin network for its intended purpose of name registrations and updates? I'm only concerned with the later. I'm worried about a Namecoin price drop. Agreed, that alone would not be so bad but it ...
- Thu Aug 18, 2011 3:05 pm
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
Re: implications of merged mining / shared blockchain
hmm. let me put it like this: mining now you get either bitcoins or namecoins, most people chose bitcoins because of higher profitability. but with merged mining you can get both. mining = bitcoins merged_mining = bitcoins + namecoins --> merged_mining - mining = namecoins merged_mining - mining = 0...
- Thu Aug 18, 2011 7:56 am
- Forum: General Discussion
- Topic: implications of merged mining / shared blockchain
- Replies: 44
- Views: 35930
implications of merged mining / shared blockchain
I am afraid merged mining will harm/destroy namecoin or at least drastically reduce the value of namecoins. Maybe merged mining should be tried with a crappy fork first. Why? From some point of view every miner gets namecoins for free with merged mining. Free coins means a very low price. The only w...
- Thu Aug 18, 2011 7:09 am
- Forum: General Discussion
- Topic: Namecoin Difficulty and the Death of the American Dream
- Replies: 7
- Views: 6396
Re: Namecoin Difficulty and the Death of the American Dream
+1doublec wrote:The i0coin chain has made this change btw. It adjusts when X number of blocks are reached or X number days, whichever comes first.MaxSan wrote:How feasable is it to alter the code to make difficulty update every 14 days?