Quote from: phatkiller on February 25, 2016, 09:18:36 PM

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

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.

Heres my opinion for everything.

I'm all for keeping algo SHA-256 with Bitcoin block halving coming some miners might be interested in moving to another coin if we can get some value on TRC they might make the move.

42 Millions coins I agree shouldn't change.

20 TRC per block another thing that shouldn't change with the exception of block halving.

Merge Mining...........I need to do more research on this before I can give opinion .

Difficulty Recalculation....I think maybe we should be looking into another coins retarget strategy over the last two years MANY options have popped up.

Reward Halving Keep as is once every ~4 years.

Block Generation keep @ every 2 min.

Yeah agree we have options, there are many good advances in retargeting like DS from dogecoin or KGW from auroracoin.

This detail is very important for terracoin because we use SHA-256 so a miner can effectively:

point a lot of hash power to make lots of coins, quick re targeting will prevent that
when the miner leaves the target will be so high it will take long time to mine a block

Checkout the discussion here https://cryptocointalk.com/topic/9789-breakdown-of-difficulty-re-targeting-algos/