Quote from: crackfoo on March 28, 2014, 11:55:38 AM

thats too bad. I sent him a PM a while back and nothing back from him.

Yes, it would be helpful to know what's up, but for dude above to say "oh its a pump and dump" well, probably whomever is saying that, doesn't know shit about how hard it is to do things.

So, why not just try to understand the challenges for those who aim to have a good coin? It ain't easy, coins get debauched and shat upon. For example of how a fork can happen in the background, and a pool can use a FAST blocktime (like 30 seconds per block) to hijack and ruin a coin. This happened with Maxcoin, read here: https://bitcointalk.org/index.php?topic=485726.0;all

Quote from: subSTRATA on February 26, 2014, 10:22:42 PM

Guys, do not bother with FUD by BitcoinEXpress. He is old member of this forum and he perfectly knows how cryptocoins work which means he knows stuff he posted here is not all true. There can not be hard-fork if nodes on network use the same version! What happened (again) is 1GH pool, people who were behind 51% attack on Bter, attempted and successfuly completed another 51% attack but this time revealing the origin of it e.g. made it obvious it is they who are doing shits. Basically, what happened is large blockchain reorganization. At some point 1GH stopped mining on legit blockchain, went off the network and used combined hashpower of miners (yes, you retards still mining there) to create second version of blockchain which, due to them having way over 51% of total hashpower, became longer than legit blockchain (more work done). In the meantime they made some transactions on legit blockchain, most likely sent MAX to exchanges to dump them, and once they dumped those coins they withdrew BTC from exchanges and connected back to network. Since their node has version of blockchain longer (more work done) than all other nodes, 1GH's version of blockchain started propagating through Maxcoin network, overwritting blocks and thus transactions that happened on legit blockchain since 1GH went off network (that means transaction which moved 1GH's coins to exchange never happened and that means
exchange lost BTC). Due to size of new version of blockchain (in megabytes) and generaly very bussy MAX network (30 seconds blocktime is still an overkill), what happened is that slower nodes switched to 1GH's version of blockchain with very noticable delay. Not everyone use super fast Internet connection so 1GH's version of blockchain could not propagate to all nodes in a second! To put things for you into perspective, on Bitcoin network which uses 10 minutes block time (much less traffic than with Maxcoin) it is observed that it can take up to 40 seconds for data to reach all nodes. Now imagine Maxcoin where network activity is high by default due to 30 seconds block time then add megabytes more in an instant! Of
course, some nodes will almost halt, especially nodes run on slow computers. But after a while all nodes will have the same version of blockchain, in this case 1GH's version. To sum it up, what happened is perfectly normal considering that Maxcoin uses 30 seconds block time. There is no need for dev to add checkpoints. What is needed is that idiots still mining at 1GH move to some other pools.

TLDR - BitcoinEXpress wants to negatively affect MAX price or he is pissed off cause blocks he mined ended up orphaned by blocks mined by 1GH.

So, let's cover a couple facts:

1: Having a slow but well intentioned open source blockchain, is not a problem. WHY? Because it allows you to fine tune it, before the suckminers (pools mainly who also do DDOS) can see your value/blockchain in BTC terms, as being a fat enough pig to kill. It is good that Benjamins are not a fat enough hog to kill, in the BAD fork method which any pool can do.

2: I feel security is foremost with Paysha, or so they say, and so since security is my main point of contention in terms of POS markets and money/coin facts and mechanics, then I suggest that Benjamins retain a true honorable genesis block, and THAT is what matters in terms of shaping the security of a blockchain in these times. NOTE: SHA-256 will be cracked before BTC reaches its 30 year lifespan. Anyone following the research knows this. So, I am saying that for any SHA-256 coin to survive, will mean full on tweaking of the blockchain. So I am suggesting that the panic/frustration with Ben not responding, is characteristic of some sectors who want minute to minute results. But, as I have said, security people are always happy to go slower, and have projects take longer. THAT IS HOW THE GOOD SECURITY IT PEOPLE THINK. Take you time, do things right. So, I think Paysha will allow Ben to fork his coin at his own pace. Let's not be so quick to judge a good genesis block in the present because its true value is in the future, and the future is of security, not more exploitation like what the current Visa/POS networks are facing.

3: Yes we need more miners, but projecting your blockchain in terms of the existing exploitaion miners is short sighted because as shown above: Pools can be weaponized and can fork/destroy most smaller coins, by simple 51% control and overwrite. Therefore, everyone who wants to rush ahead, is actually f'ing up their own world.

I myself, have just now downloaded the Ben source code. I didn't think I'd have to become an altcoin dev but am willing to learn if that is what the 1776 spirit needs from me. I will be reporting as to my progress in this thread, and I am sure Ben will get back to us or whatever --sure it's a little disappointing, and yes obviously he will have to help out by providing his passwords if he plans to bail on it. But a blockchain is bigger than just one person, and if you have good people behind your plan, with a good spirit, then you can work any chain, be it metal or math, to have good solid links, to an anchor called "The Good Future".

I have freelance dev's on the line who are good with websites relating to cryptocoin. I will be suggesting a group chat maybe someone can get an IRC or chat room up so any holders and concerned parties can talk to see if anyone knows what Ben's issues are.

In the meantime, I am pretty sure that the muscle behind Benjamins hashing power (whomever is providing the 250gh that I am not) is of good worth, and so all we need to do is take the time to fork it properly and ensure good coordination with pools and we will have forded a river. I have seen the chain hashrate go from 500 to 280 so to me, since essentially one biterupter cube = 300 USD then that's essentially 10 USD per Gigahash. So, if you want 1000 GH (1 TH) for your blockchain, it costs just a few thousand dollars! Isn't a good wallet with a good community, worth that much??

So, as GH costs drop, then regular people will understand that price is not the real reason to have a good blockchain, what you need, is integrity. And therefore, as word goes around that there is a 1776 pulse still beating, then I feel the hashrate will rise at the correct rate, which yes, may be slow at times like these.