Quote from: AllAboutTheBenjaminsBaby on March 09, 2014, 04:26:22 PM

You guys aren't taking into account the several years of mining we would eliminate in the future if we shorten block times. That would essentially eliminate several years of mining for coins prior to just tx fees from the life of the coin. I think a shitty few months now is worth it to give the coin a few extra years of mining life

Prayer's suggestion was pretty good, though, but even still we are taking away a MINIMUM of 20% of the mining life of the coin if we do this

Years of mining being eliminated? Eh? Those years of mining were accidental to begin with. At a 2 minute block time, you're doubling the years of mining. At 3 minutes, it's triple.

BEN was advertised with 64 second block times. Personally, I think this is way too fast, but that's beside the point. For the current problem, I think that both miners and merchants will be happier with a reliable 2-3 minute block time as opposed to 4 hour block times.

For BEN, or any coin, to work, it needs 1) Miners to process transactions and 2) transactions to process

Right now, BEN is on the road to eliminating both requirements for a successful coin.

The time to act is now... the longer you wait, the harder it will be to correct.

PS: I got caught on the wrong side of the cryptsy orderbook and lost over 50% of my coin. I'm not mad, as this is my first experience trading, but I'm not happy either. Given the current conditions, I'm not holding my breath on higher prices any time soon.

PPS: As soon as we find a few more blocks on Slush, I'll be moving back to BEN for a while, but will not stay if something's not done soon.