Coins with very short block times demonstrate incompetence
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Good read …
[url=https://bitcointalk.org/index.php?topic=211535.0]https://bitcointalk.org/index.php?topic=211535.0[/url][quote]Earlier today, one of the WorldCoin mining pools (http://wdc.dontmine.me) was on an orphan blockchain for more than 300 blocks. That would never happen for any competently designed coin.[/quote]
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Gotta love how short-block miners defend their income source- someone mentioned that as long as buyers will buy the coins it’s worth mining them and that’s the main point. From historical point of view:American Gold Rush- some were only looking for gold (solo miners) and if they found once some gold and portion of them soloers were willing to look for more but was short on $ thus they started enterprises (pool miners) while others seeing huge competition in gold were satisfied with other ores and “fake” ones, like Pyrite (GameCoin, YaCoin?) which still were ok to sell. I could add that “silver” ores like FeatherCoins for example, are also “Pyrite” in the industry but, to depict it, we are mining, beautiful and huge cubic, shining blocks which cost lesser then “ugly” gold but still, “brass” takes some interest for alchemist.
Now don’t ask me who is an alchemist of coin business! …maybe BFL? ;) -
[quote name=“Tuck Fheman” post=“5287” timestamp=“1369209918”]
Good read …
[url=https://bitcointalk.org/index.php?topic=211535.0]https://bitcointalk.org/index.php?topic=211535.0[/url][quote]Earlier today, one of the WorldCoin mining pools (http://wdc.dontmine.me) was on an orphan blockchain for more than 300 blocks. That would never happen for any competently designed coin.[/quote]
[/quote]It was a very good read thanks Tuck!