Quote from: Biomech on January 08, 2018, 07:51:02 PM

I just want to weigh in on this with a slight opinion. Ok, I don't have slight opinions Cheesy

I'm not terribly impressed with the idea of a token. Sure, they're easier to make than an actual coin, and sure, they are backed by the Ethereum blockchain, but think about those two things for a moment.

second things first, the Ethereum blockchain faced and failed to overcome the scaling obstacles that Bitcoin is dealing with RIGHT NOW, the day it launched. They don't have a real plan to deal with it, either.

And tokens ARE easy to make. How are you gonna differentiate FUNK from the others? Cloning a satoshi coin requires quite a bit more knowledge than making a token. That being said, EVERYTHING ELSE about Etherium is much more difficult than BTC/Satoshi based coins. From cold storage to multisig, Eth is a fucking mess. It's ugly, inelegant, and prone to failure.

OTOH, you could with relative ease fork Funk as it stands, either modifying or eliminating KGW, and/or switching to a less ugly algorithm. Scrypt is going to continue to cause the recent problems, because any dink with a couple grand can buy an L3+ and hang the chain. Sure, it does eventually catch again, but it can be (and twice in the last four days HAS) been more than a day between blocks.

I see two easy ways to solve these, and one is a soft fork. The other is hard.

The first is to steal some code from BTC testnet, and make it so that if a certain defined time has passed, the difficulty drops. In BTC Testnet 3, it drops to one. I think that is probably too much of a drop, but it is the right idea, but perhaps make it incremental.

e.g. it drops to 10 diff if an hour has passed, 5 at 2 hours, 2.5 at 3 hours, and then to one if it still hasn't broken a block. This would correct the excess of KGW throwing the brakes on it, but it's a bandaid. If the coin gets popular, it becomes an avenue of attack.

So, instead, leave KGW, but change to a CPU or at least GPU hard algo, like Prime or X15 or the like. I favor CPU hard, because that makes it so EVERY person holding FUNK will have incentive to contribute to the network.

Well, there's my 2 satoshi's worth Cheesy

I'll back the team either way.

May God bless you. I so much love your idea. Someone raised this same suggestion some pages back. Building this project on ETH is such a wrong idea. Even small kids can use solidity to build a giant token even if he can copy and paste then edit few lines and implement it with less than 2 USD for Gas fee.

FUNK should be forked and make CPU (only) mine-able, It can also be "proof of work". I know doing this will be very tedious but it does worth it. Why not let other people help you on this... Hashunlimited already offered to assist with this project.

It's so funny thou that soundposition has been working for this project on Solidity since more than 6 Months ago.

@sounposition, Don't be adamant, listen to advice and yield to them.