Quote from: centenary on May 21, 2013, 04:14:34 AM

Quote from: DeadEyeCool on May 21, 2013, 04:10:16 AM

Quote from: centenary on May 21, 2013, 04:07:24 AM

Quote from: DeadEyeCool on May 21, 2013, 03:43:02 AM

Quote from: powpow on May 21, 2013, 03:38:40 AM

Quote from: DeadEyeCool on May 21, 2013, 03:34:10 AM

Well, for what its worth, I was still able to solo mine 544 coins at launch with a measly 1.2 mash. Yes there were a lot of orphans, but things seemed to work themselves out.

I honestly don't think the orphan rate is that critical of a flaw when you gain INSTANT TRANSACTIONS.

Let's join the 21st century people, everyone expects payment to be instantaneous in this day and age.

If you want instant, then decentralized is not the solution.

Negative. We can have our cake and eat it too. Worldcoin has proven this.

If the network stays healthy, we are good to go. It hasn't even been a week since launch!

Really? WorldCoin has proven this? Which other coin has had an entire mining pool mining on an orphan blockchain for more than 300 consecutive blocks?

Quote from: DeadEyeCool on May 21, 2013, 03:38:08 AM

Quote from: powpow on May 21, 2013, 03:30:24 AM

Quote from: clint25n on May 21, 2013, 03:22:49 AM

If vendors accept a coin with a short block time(like Worldcoin), it wouldn't matter how frustrated the miners got for overwhelming the network with a huge hash rate.
Traders would still trade, holders would still spend and vendors would still convert; regardless of the miners.
The death of a coin is going to depend on the adoption and infrastructure.

One can always see this as a way to discourage too many miners from throwing hashes at the network, and if there is a major acceptance of such a coin due to marketing, promotion, new software and speed.. then it will gain value and the miners will be the only ones with a problem, that is, only if they overwhelm the network.

The problem is when the orphan chain ends up being the main chain. Now, you have real transactions taking place on the orphan chain -- someone is going to lose their coins.

There hasn't been any report of anyone 'losing coins' this way, except for mining orphans, which is to expected of any crypto. Even bitcoin has orphans.

With Bitcoins you will encounter an occasional orphan, not 300 orphans consecutively.

Prove it. And what was the current difficulty?

Prove what exactly, that the mining pool was on an orphan blockchain for more than 300 blocks? Go read the mining pool's news for yourself: http://wdc.dontmine.me/news

This happened today, so the difficulty was either 5-ish or 8-ish. It doesn't really matter what the difficulty was though, the pool had a quarter of the net hash rate the entire day

That pool is really not that good. I was mining it for a while after launch, and I had constant disconnects. I wouldn't doubt the pool operator was doing something wrong.

I've been on Big Verns pool since then, and never had a problem.

Talk to me when this has happened on multiple, more reputable pools.