Post
Topic
Board Altcoin Discussion
Re: SmallChange [research-only] [Litecoin based] [15 seconds blocks] [scrypt]
by
lightenup
on 26/04/2013, 18:52:09 UTC

Quote from: datouec

Actually, author already implemented fix for difficulty oscillation problem in the new client.

https://github.com/bfroemel/smallchange/commit/40260037b1108d51416cec0e8e1c457bd42cf9ce

But this project is still positioned as an experiment. Roll Eyes

allways helpful and informed! THANK YOU!

I hope this is an experiment , not a scam.
difference is simple.
experiment:
in case of success, restart the chain. If not, say thank you and leave it.
scam:
"oh! it works just fine, I never ever thought it would, now its no longer an experiment."

I'd like to comment on the experiment part and the purpose of SmallChange: The coin is research only, I explicitly (from the start) expressed that and included some red text in the first post of this thread. It's going to stay 'research only' unless someone announces it as a real currency (and then its up to the people using it or not). In case I am the one to announce*), there is going to be a fresh start; I certainly will not do this in the next couple of months (years?) because I am very new 'to the scene' and still like to play around + 'get a feeling' for this first. I want to add novelty and solve *real* problems instead of just pseudo-managing another rebranded altcoin.
I plan to update the codebase a few times a month and welcome any helpful/useful contribution (which will be duly credited of course; ah yes, and it must survive my(/the community's?) criticism).
Other than that: I wanted to devalue some of the "weaker" coin spinoffs by showing that really any (idiot? Smiley ) can release a cryptocurrency nowadays. Also a few people expressed that the coin has been/is helpful to let them setup/try out services (e.g., mining pools) and get started with the inner details of cryptocurrencies.
So from my part: please expect something slow boiling, maybe useful but probably not. If you have extra resources or have fun experimenting with an alive block chain where you might end up credited as a hashing power contributor or even author: please join - otherwise wait until this is over or becomes something good.

btw: the hash rate is currently ridiculously high. Please mine LTCs or something else Wink .. a few KHashes/s are currently (where we are still very close to the original Litecoin code base) really enough...


*) what others do with the codebase or blockchain is already out of my hands -- never has been in my hands Wink