I'm talking about the
protocol. You know, that thing that's actually kind of difficult to change once a blockchain gets established? What have you done that can't just be released as a modified client for the Bitcoin blockchain? By my count:
- Difficulty algorithm aims for 3 minute blocks instead of 10 minute blocks. Achieved by changing one constant. Of questionable merit, due to scalability concerns.
- Difficulty retargets more often. Achieved by changing one constant. Essential for an underdog blockchain to survive, but not really relevant for Bitcoin.
- Difficulty increases limited to +10% per retarget. Achieved by changing one constant. Essentially an extra subsidy to miners, not relevant for Bitcoin.
- Block reward changed from 50 to 32. Achieved by changing one constant. Irrelevant except for the psychological factor, see also: Ixcoin.
Any other
PROTOCOL changes that I missed? If not, then are these really supposed to be your grand innovations that we're all expected to switch blockchains for?
For a start many of those things if you look in the code aren't a "constant". I can tell you haven't looked at the code because you would see there is 3 bands of increase, 2%, 6% and 10%. So already you're coming from a ridiculously ignorant position.
It seems that now the 6% is applied, and we can see now SC difficulty is a little small, and miner power can't invest in SC as soon as possible. Of course, if somebody push the price of SC to the sky, then miner power will transfer to SC.
Why not adjust difficulty "in time"? I proposed a retargeting algorithm in
https://bitcointalk.org/index.php?topic=39794.0, and of course the algorithm can push power investment into the fork one with a zeta power attractive parameter. This "in time" adjustment is fair to everyone, anyone can get one part of the coin if one dives into it, so if you worry to lost one coin and others make one more, just dive into it.