Re: [ANN]Faircoin - The First Fairly Distributed COIN -Vote for us on exchanges!
10 minutes block time is WAAAAAY to long. On the "business" side of this coin, no merchant wants to wait 10 minutes to confirm any transactions. I think we need to change this to something between 30-90 seconds blocks. This could be a deal breaker and since we are at the beginning ... Forking this now would be natural and the right thing to do since the issue as already been pointed out.
The other thing I noticed is that the devs are too quiet in this forum and take too much time to react/respond/update. The team might be too small unexperienced, if team there is. But the beauty about OpenSource projects is just that. OPEN! So that's were the community should step in and contribute in their own way to help get this coin out there and make it a success. Some of us already have and I salute all of you
I think your inputs valid and valued, so don't take this the wrong way, as some points I do disagree with
30-90 sec block times way too fast (yeah all the pump n dump scamcoins like the fast ones, but theres a scaming reasons/trick for that I wont get into), 10 min maybe too long but still I'm fine with that.
Think its way too early to consider a fork.
Also I think the dev been very responsive, especially consider the distribution task he is also on, just a little patience is needed by all, remember its only be alive a few short days, and the coins are free
Reply to others comment; I think the devs done the best job he can to have the coin as fair as possible, by no means an easy task (no crypto has achieved what the average person here would consider fair).
Even a perfect fair launch, fair distributions, in the long term will any successful crypto not end up in the same hands (if you can buy cryptos with fiat, they become just as fair as fiat).
Very interesting experiment here on many levels, help answers what happens to a blockchain when pow is finished? can a freely given coin become worth something? all 50 mil hit the market at once what will happen?.......we all have prediction and I think I know somewhat the answers but interesting to examine it live.
The first social experiment result in... People didn't create one token/address... the distribution allowed for more than one, provided you didn't "cheat" by using bots/vms/restarting your router...