Quote from: Rofo on June 24, 2014, 12:35:33 AM

Quote

I disagree, they would have stayed on doge or LTC. They really cared not who they dumped on they just wanted a quick profit to dump and buy BC. We were a profitable coin at that time so we got slammed. That should have been the time that we as a community had this discussion. but there is no going back and this coin will continue as long as you and this community stays strong.

I understand here and I originally believed we would be left relatively alone once profitability was not there. I followed the classical thinking that is still prevalent in that if a 51% is not profitable or in the attackers best interest money-wise we would be left alone. However we were at 64th profitability for days (and they loved it/laughed at it). A 51% also occurred when we were at 999 confirmations on Mintpal and 1.5GH (16 hours of a private chain to 51% us). I don't remember the exact maths but there were far, far better targets than us for that attack and such a timeframe is quite risky/likely unprofitable. It's become increasingly clear that this recent round was not profit-driven, rather target-driven., and the pockets of some of these other groups & multipools are very deep.

I had hoped through hard work and staying the course/proving our case we would be a lot higher in market cap and hashrate security at this point. That's why I stayed the course, because I thought we could get there organically after 6 months of infrastructure/trust/work. I was wrong. If you don't take this scene for a ride, it will take you for a ride. We need to protect our blockchain, our security and our value. PoS allows that moreso than PoW and I'm obviously not happy that doesn't make some people happy (not directed just at you Hueristic). I know the criticism of forking, distribution, & the issues facing PoS, I've been quite vocal in what it can mean for a long time. However if we don't do this we're delisted from the majority of exchanges and the current state of our thread would look like a walk in the park in comparison.

There are however a lot of positives that come with a PoS switch, and I hope we include those points & discussions with some of those who positively support PoS also.

Also regarding the PoS, PoW/PoS mixup I apologise. We wanted to go PoS, then understood an initial PoW/PoS fork would run smoother with less chance of abuse. That would make a pure PoS fork in the future easier. Then there is the fact PoS is unproven in comparison, and a PoW/PoS allows for redundancy should a worst-case scenario for all PoS coins eventuate. I've been open about the current situation as it were at that point in time rather than remain silent and then give all the info. out at once, because we are still discussing and testing it. There are no final decisions being made and that's why this thread and feedback is still relevant and important.

You've made a case for 'queue mining'.........researched it yet?