Quote from: vis on March 11, 2014, 04:00:23 PM

Quote from: unick on March 11, 2014, 03:40:02 PM

About the 10 minutes block... like I said above, in the context of a brick and mortar business, I can think of many situations where this could be a deal breaker. True, Bitcoin is the only one gaining use in the mainstream... but I still think the adoption rate is slowed down by this factor alone. On the other hand, a lot of use of the bitcoin don't need fast transaction time. If we think back at one of the original idea WHY bitcoin was created was to transfer money... This is not a commercial transaction rather a financial transaction... I find it perfectly fine having to wait ~1 hour to get my money cleared. It still is the fasted way to wire money anywhere in the world AND the cheapest. I think you get the point.

and what about this PoS block minimizing time to 5 minutes? I didn't look at the code on that but from experience on other coins... PoS competes against PoW so the network produce 1 block for the given target... So here the PoS block would still be 10 minutes apart.

can anyone shed some light on this ? Is this what is supposed to happen to FairCoin?

faircoin should behave like novacoin
so i guess they're competing

but the greater question is that of the block times
even aurora coin which includes pretty much all the lessons learned, uses a 10 minutes block time
and there is no plan to reduce bitcoin block times

i'm not sure about how this is handled and can't answer your questions
but you seem to be in disagreement with the core developers in the crypto world

Well it's a big statement to say that I disagree with the devs in the crypto world... if there is both, long and short, block times... it's because different devs seems to think differently. That being said, I believe that depending on the application, block time is a valid concern. In the commercial business arena, I stand by my opinion that a shorter block time is better. From a financial stand point, longer block time should be better.

Now the question is. what will FairCoin be used for?