Latest posts of: Maverickthenoob

Look, to be perfectly honest I don't know how anybody can argue against a fork at this point. There are some simple issues here, and some basic math supports everything the forkers are saying, being a fanboy and denying the necessity of a fork, is to deny logic and reason. Here's why:

This coin is unsustainable and is prone to being repeatedly returned to high diff by high-hash multipools. This isn't a once off occurrence. Even if we fight through the next 2000 blocks (which is absolutely delusional at this point, the hash rate is pretty much in free fall) and we once again make the coin profitable to mine, some big multipool will jump on it and drive the diff right back where it is now. This can't be fixed without a client update and a fork. More on this in a second.

Additionally, 2016 blocks is fucking insane, even for Bitcoin. It is BTC's largest flaw by far. This is not bitcoin, this is an alt-coin, treating it as if it is bitcoin is stupidity. To support this: there are almost 2000 blocks left before the next retarget, at ~3 hours per block (instead of TEN MINUTES!) it will take 5850 Hours to retarget the diff, or to put that in perspective it will take 243 days to reach our next retarget. EIGHT MONTHS! How can anybody believe this is acceptable, or sustainable? If we "simply' just fix the diff, the next time big hash rolls in we'll be right back here with the same problems. We need to permanently fix the retarget time so this doesn't happen again!

I see a lot of people in this thread putting their fingers in their ears going "LALALALALALALALA NO FORK, FORK BAD!". A fork isn't a bad thing! In fact it's likely the only thing that will save this coin from almost certain death. Contrary to seemingly popular belief the small rise in prices earlier today was probably because of speculation that a fork is happening, not the magical crypto-fairy said it's going to profitable. This currency is currently almost worthless as a currency because we are not processing transactions in a timely manner. What good is a currency that is effectively nontransferable because confirmations aren't happening? This is akin to saying "Hey George, thanks for the coffee! You'll receive payment tomorrow for something I bought today." The real world doesn't work like that, this makes the currency useless in its current form. If we fix it, once again it becomes useful. That's a fairly simple concept.

Meanwhile some people in this thread seem to think that people will just come back to mine an extremely unprofitable coin "for the hell of it" and lose money for the next 8 months. It's not going to happen. Neither is a "soft fork" or "polite fork" or some of the other bullshit I've seen in this thread that has been invented on the spot. This fork isn't about maybes and what ifs. If we don't do this this coin will die because it can't be used as a currency, nor is it profitable to mine, which entirely defeats the purpose that it exists.

The dev has agree to do this fork if the majority of people agree, there's no hostile takeover or 51% attack. This is simply an necessary update to fix something that is absolutely broken. The fork is only a byproduct of the update, and assuming it is done correctly, should really result in no noticable difference other than a reduced diff. Coins will remain unharmed, even those at the exchanges. Why is there so much pushback against this? We need to do this folks, look how many people have already said they will come back if the diff drops. So will I, but not until it isn't a waste of time to mine.

Also, the ADD meth-head comments are insulting and frankly entirely inappropriate considering all people are arguing for here is a currency that is actually usable. Arguing for a useable currency does not mean we're all "ADD Meth-head traders", don't be an ignorant douche.

This currency is dead without a fix, and with the following CatCoin has, I see no need why we need to put a gun to our own heads and pull the trigger. Lets fix this and move on.