Re: [ANN] ArabianChain - DubaiCoin (DBIX) - Smart Contracts from Dubai to the World
So regarding the difficulty algorithm, ive just seen a video about a person's mining experience with the Ubiq coin:
https://youtu.be/_7DDbdZ7Ebo
This guy tracked the ubiq network difficulty and hashrates over a couple of weeks, and from his charts it becomes clear that Ubiq can deal much more rapidly with high fluctuating network hashrates. Ubiq has implemented a new difficulty algorithm called Flux earlier this year, and apparently it is working. Ubiq had to improve their algorithm for the same reason; unstable block times with rapidly varying network hashrates.
Now i think ive seen the Flux algorithm mentioned somewhere in regards to dubaicoin, but im not sure if it was developer related or something. So if dubaicoin developers arent looking into the Flux algorithm yet, maybe they should? It could be a good starting point to fix this problem once and for all?
https://youtu.be/_7DDbdZ7Ebo
This guy tracked the ubiq network difficulty and hashrates over a couple of weeks, and from his charts it becomes clear that Ubiq can deal much more rapidly with high fluctuating network hashrates. Ubiq has implemented a new difficulty algorithm called Flux earlier this year, and apparently it is working. Ubiq had to improve their algorithm for the same reason; unstable block times with rapidly varying network hashrates.
Now i think ive seen the Flux algorithm mentioned somewhere in regards to dubaicoin, but im not sure if it was developer related or something. So if dubaicoin developers arent looking into the Flux algorithm yet, maybe they should? It could be a good starting point to fix this problem once and for all?
Difficulty algorithm is one way to keep a crypto from losing its value.
Overmined currency creates an imbalance supply vs demand. Too many supply will push down the currency even more.
What DBIX need instead, is more transactions, and an even stronger difficulty.
If we see market depth in livecoin, a $800k buy action, is enough to push dbix to $50, but it will be a risky move, if the difficulty is too low. Miners will always push the price down.
DBIX should try to find other use cases for the currency instead of just for speculative vessel. DBIX should try to register in local exchanges around the world to facilitate money transfers between countries (and in the process increasing demands).
Are you serius ? Cmon go study basic rules and try fix the recalc stop find idiot argument , P.s dbix can't have more TX and fast conform if difficult Is calc for (example ) 200 th nethash and Coin have 50 ghs nethash...... Just too much time for find block
now2, why the name calling
Yes i am serious. i am basing my argument from simplest theory of economy, that is supply-demand.
DBIX dont have that many TXs, thus not that frequent block to solve.
Currently DBIX experiencing what in classic real world economy called stagflation. Reducing difficulties is similar to printing money in real world economy, it will only drive the price down.
What dbix needs is more TX instead of less difficulty, specifically more Buy.
Just in the last 3 hours there is a block with only 14 Txs, but adding the same amount of money as 48 Txs block.
http://dbixscan.io/block/62748
That's inefficient from the PoV of money supply.