Author Topic: Bitshares PTS upgrade proposal  (Read 16134 times)

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Offline Riverhead

Re: Bitshares PTS upgrade proposal
« Reply #38 on: August 19, 2014, 09:36:20 am »
Just do make one thing clear:

It is NOT FreeTrade's fault that miners gonna mine what is most profitable!! The Diff adj. algorithm used in PTS afaik is the same as in bitcoin ... the issue here is scale and feedback.

Just stop blaming the devs!


The multipools are hard to code against. It's like a fire hose of hashing turned on and off.

Offline xeroc

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Re: Bitshares PTS upgrade proposal
« Reply #37 on: August 19, 2014, 07:54:07 am »
Just do make one thing clear:

It is NOT FreeTrade's fault that miners gonna mine what is most profitable!! The Diff adj. algorithm used in PTS afaik is the same as in bitcoin ... the issue here is scale and feedback.

Just stop blaming the devs!

Offline ripplexiaoshan

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Re: Bitshares PTS upgrade proposal
« Reply #36 on: August 19, 2014, 02:36:27 am »
The disadvantage of POW is now fairly clear now. The big miners are profiting a lot these days by mining and dumping PTS while our shares are diluted...  :'(
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Offline toast

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Re: Bitshares PTS upgrade proposal
« Reply #35 on: August 19, 2014, 01:56:29 am »
I'm confused.  Why did the diff just drop to 0.01?


https://coinplorer.com/Charts/Difficulty/PTS


I feel like I missed something big...
/

because the fucking   Garbage difficulty adjusting algorithm  made by  freetrade!!!!!!!!!!!!!!!

&  3i did nothing  to  fixed it  more than half a year !!!!!!!!!!!!!!!!!!!!!!1


fuck


But why did it take so long to go bonkers? Have big pools just figured out how to game it?

start here to learn about how difficulty works:  https://en.bitcoin.it/wiki/Difficulty
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Offline Riverhead

Re: Bitshares PTS upgrade proposal
« Reply #34 on: August 19, 2014, 01:52:25 am »
I'm confused.  Why did the diff just drop to 0.01?


https://coinplorer.com/Charts/Difficulty/PTS


I feel like I missed something big...
/

because the fucking   Garbage difficulty adjusting algorithm  made by  freetrade!!!!!!!!!!!!!!!

&  3i did nothing  to  fixed it  more than half a year !!!!!!!!!!!!!!!!!!!!!!1


fuck


But why did it take so long to go bonkers? Have big pools just figured out how to game it?

Offline sudo

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Re: Bitshares PTS upgrade proposal
« Reply #33 on: August 19, 2014, 01:51:04 am »
I'm confused.  Why did the diff just drop to 0.01?


https://coinplorer.com/Charts/Difficulty/PTS


I feel like I missed something big...


because the fucking   Garbage difficulty adjusting algorithm  made by  freetrade!!!!!!!!!!!!!!!

&  3i did nothing  to  fixed it  more than half a year !!!!!!!!!!!!!!!!!!!!!!1


fuck

Offline Riverhead

Re: Bitshares PTS upgrade proposal
« Reply #32 on: August 19, 2014, 01:48:58 am »
I'm confused.  Why did the diff just drop to 0.01?


https://coinplorer.com/Charts/Difficulty/PTS


I feel like I missed something big...

Offline dexinwong

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Re: Bitshares PTS upgrade proposal
« Reply #31 on: August 19, 2014, 01:47:01 am »
« Last Edit: August 19, 2014, 01:49:44 am by dexinwong »

Offline sudo

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Re: Bitshares PTS upgrade proposal
« Reply #30 on: August 19, 2014, 01:42:13 am »
last time  community discuss the  pts upgrade passed  few months

even just a little path for the Garbage difficulty adjusting algorithm!!!!!!!!!!!!!!!!!!!!!!

no time?  no responsibility?

How do I introduce friends to buy PTS ?

the same as  2.28    fxxxk!!!!!!!!

Hold a PTS were fooled   from  2014.2.28   13x cny→ 2x cny now!!!!!!

lzr1900

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Re: Bitshares PTS upgrade proposal
« Reply #29 on: August 19, 2014, 01:41:21 am »
fuck this rate!!big miners fuck everything up!!!!

Offline dcchong

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Re: Bitshares PTS upgrade proposal
« Reply #28 on: August 19, 2014, 01:33:55 am »
too disappointed, many people will throw out pts shares to run away,  who will no longer touch it. At that time pts will die over time.
wallet_approve_delegate dc-delegate true
wallet_approve_delegate bitsharesx-delegate true

Offline toast

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Re: Bitshares PTS upgrade proposal
« Reply #27 on: August 19, 2014, 01:21:19 am »
At this rate the next adjustment will happen in just a few days, right around snapshot time. Will exacerbate difficulty problems for sure
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Offline toast

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Re: Bitshares PTS upgrade proposal
« Reply #26 on: August 19, 2014, 01:16:31 am »
omg... all difficulty adjustment estimates placed it at very end of august or early september

welp...  perhaps use august 21st as migration snapshot? IDK might be too late
Do not use this post as information for making any important decisions. The only agreements I ever make are informal and non-binding. Take the same precautions as when dealing with a compromised account, scammer, sockpuppet, etc.

Offline Riverhead

Re: Bitshares PTS upgrade proposal
« Reply #25 on: August 19, 2014, 01:13:30 am »
What are you on about? A diff hack? A new miner?

Offline sudo

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Re: Bitshares PTS upgrade proposal
« Reply #24 on: August 19, 2014, 01:09:14 am »
This is the naked plunder of the PTS holder!!!!!!!!!!!