You claimed that there is only one company mining. That is false. I mined a couple of blocks back in the day, if you want proof I can dig up the hashes and sign a message for you.
That is false, and if I had the time to look in the code I will find that. Giving you the "feeling" that you are mining a coin give you the feeling that you are actually part of something.
If Paycoin was a normal alt-currency you cannot have instant transaction time without having centralized mining.
Paycoin has no instant transaction feature, at least not any more than bitcoin. The code as of now is only faster insofar as the block time is shorter.
HAVE YOU EVER TRIED TO USE PAYCOIN?!?
If you still want to push the false claim that Paycoin has instant transactions, please link to the parts in the code that do that.
That is what I was searching.
Okay here's an example. This
https://chainz.cryptoid.info/xpy/address.dws?PVh6nUpon2PWwAPnDJdPFHnJ7Xx7zRChJP.htm is one of my addresses. This block
https://chainz.cryptoid.info/xpy/block.dws?10030.htm was mined by me, on one of my computers. (It probably was on my Amazon EC2 one, actually.)
You see how real transactions are included in the block?
Now for proof I own that address, I will sign my username plus today's date with the key.
"vObh0n]6W March 8 2015" (remove the quotes)
H4mrjbCFz9uBpxFhLcuWH3vgCCnIaAh8T5arqvO/UGAHaWMVeJo22/OG/k6FYy0snF6eRq7ZJ4M8PspvkEAlv9I=
http://i.imgur.com/4uln3dc.pngYes, I've initiated paycoin transactions. They go through instantly just like any other coin. The question is how long it takes to confirm, and there paycoin is faster because the block time is lower than bitcoin's. There is nothing special besides that.
