Can you guys stop focusing exclusively on what bitcoinwatch shows you and repeat like parrots that as it used to display broken stats in the past after a difficulty change, it ough to be the one-size-fits-all explanation to anything suspicious that people report thereafter?
I am getting sick reading posts of so many people wallowing in delusion each time there is a legitimate reason to be concerned.
Go see the blockchain directly and count the blocks generated every hour.
All the hard facts are in the block chain.
If you go there and check, you will know for sure that the network is generating coins at twice the normal rate in spite of the difficulty increase.
If you don't go there, please at least stop soothing other people with fallacies and call people noobs just because they report things that don't please you.
That is a pretty serious rant responding to my pretty tame "I think everything will be ok."
My rant did not apply specifically to you, but to all people who are denying other people's claim out of cheer ill-founded optimism, and without bothering to check the facts.
I am not telling you should be pessimistic. Ill-founded pessimism is not better than ill-founded optimism.
Please, people, apply a minimum level of healthy skepticism before buying in to what you hear on this forum.
And at least refrain from denying people's fact-backed claims if you did not check the facts.
No wonder why media think that Bitcoin is a ponzy scam if they come read this forum, only to find bitcoiners herding and believing religiously whatever earlier adopters are claiming out of thin air.
You have read countless times here that the 30+ USD/BTC exchange rate was no bubble.
Yet it dropped to 20 USD/BTC, but most people were content to think it was just a correction.
Then it dropped to 10 USD/BTC, but in spite of the 66% drop in two days, people are still struggling to admit that there was indeed a bubble, that it crashed, and that it is likely to occur again.
Seriously, that does not ring a bell?
Twice as fast as normal huh?
I gave you hard facts.
Did you bother to go check by yourself?
On blockexplorer between 2011-06-15 21:00:00 and 22:00:00, how many blocks do you see?
131117 (
http://blockexplorer.com/b/131117) to 131128 (
http://blockexplorer.com/b/131128) = 12.
Check the difficulty reported inside these blocks. 876954, right?
Now open Satoshi's paper and check the target rate for the bitcoin network : 1 block every 10 mn.
Compare the figures : 12 blocks per hour = 1 block per 5mn, VS 1 block per 10mn
=> yes, that's twice the rate, based on the available evidence (which may be broken, but that's another question).
Now, blockexplorer is maybe as broken as bitcoinwatch is.
Looking at what happened, it may have flagged as difficulty 876954 what was actually done at difficulty 607153.
But even if that was the case, that would still be a legitimate reason to be concerned.
Most people are relying on blockexplorer as a reliable source of information.
If it is broken, people should be aware about it (in particular the maintainer), and rely less on it for their decisions until it is fixed.
You are still ranting on me yet you are wrong. "Did you bother to go check by yourself?"
So again you are taking a momentary burst (which is NOT 2x the hashing power, but a normal statistical bout of good luck) and saying something is "a legitimate reason to be concerned." This is happening often, times of 15 min blocks and times of 5 min blocks. This is normal statistical variance.
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