Quote from: clockuniverse on February 23, 2016, 04:54:26 AM

Quote from: hanzac on February 22, 2016, 08:06:16 AM

Quote from: clockuniverse on February 22, 2016, 04:11:13 AM

Quote from: craslovell on February 22, 2016, 03:55:46 AM

Quote from: hanzac on February 22, 2016, 03:39:48 AM

What I suggest is to firstly implement a better difficulty adjust algorithm to protect the chain from potential threat of malicious mining power.
If we can decide the proper algorithm, we can go toward the direction to implement it.

However, I don't like the idea to increase the block size as it's not the necessary thing for Terracoin. It don't need to be popular but it should be secured.

I can agree with this sentiment. The retarget is a little lackluster right now. This could be improved upon. Also, we are still a good bit away from the block halving and there are plenty of TRC that have not yet been mined so I don't see the block reward increase as necessary.

I also agree with sentiment. Making TRC secure is a prime goal, and we are going to have to hard fork it pretty much no matter what, so let's pick what is best now. The reason I was suggesting BCT XT was to avoid the community chaos that happened to the BCT community when the the block size did get large enough. I was under the impression that with the BCT XT code the block size wouldn't double until 75% of the miners "agreed" to it.

What difficulty adjust algorithm would you suggest?

What about the KimotoGravityWell and DarkGravityWave? But I think maybe we should test and play around instead of copy and paste.
Someone can implement it for the testnet first, then we can test for a while to see how it goes?

Did anyone recall how the time-warp attack happened to TRC last time?

The original wallet is too outdated and can't even mine correctly.

Let's keep this first wallet release simple. Once we have a working and updated wallet we can work towards actually improving how this cryptocurrency works.

Trust me, I want to work on all of these things in the future. I have so many ideas, and I definitely don't want to be part of a copy and paste coin forever.

Let's stick with these things for now.

1. SHA-256 Algorithm
2. 42 Million coins (I don't think this should ever change)
3. 20 TRC per block
4. Merge mining

These are areas up for immediate discussion which hopefully we can agree on in a week. I want to have a clear path for the developer(s) in a week.

1. Difficulty recalculation at 540 blocks. Up/Down?
2. Reward halving at 1050000 blocks. Up/Down?
3. Blocks generated every 2 minutes? Up/Down?

I am not trying to disregard anyone's input, and I want more input like we have been getting.

I just feel like we need to stop the bleeding before the patient dies.

I don't understand why you want merge mining. If we can improve the difficulty adjust algorithm, security will be better. All the other independent coins don't have merge mining.