It's really hard to read your posts DOGEbubble, with all that crazy formatting, non-relevant images and weird use of quotes. Anyway, here's an attempt to reply at what I got from it.
First off, I'm not saying we should necessary go back to the same difficulty of "mining" (lets say coin generation instead, as we are not mining really). Anyway, you say 7 MCZ is too high? Well the current is 6.4, not much of a difference really.
Also, the price was high at times, even higher than now, before the new system (2-hr limit) was launched, so your arguments make no sense.
Nevertheless, development is good and the ecosystem seems to be growing.
The point I want to make is about fairness of coin generation and the purpose that MCZ devs try to target, and how I think it is currently not optimal. You state yourself that you can see several accounts making the max limit (>0.05) per minute/sync event in the blockchain.
Now my question is who can that be? Unless there is a large difference between the sensitivity of the phones, there is NO WAY you can make that on regular exercise for a prolonged time (if at all). This is the amount you get by furiously shaking your device. And now who can do that for 2 hours? Probably no person would bother or even be able to do that. Yet, we see numerous of these sync events reaching the max limit.
Let's have a look at the "blockchain" (its more of a log really, there is no such thing as blocks).
I took a sample, by copy-pasting a few times every 3rd minutes from the website log, and looked at the sync events and the transactions being made. In total I caught 9283 sync events and 145 transactions. 61 one of those transactions were NOT fee payments or 0 amount transactions. 320 unique accounts performed syncs.
The majority of the syncs show a "surprising" tendency, with a large number of high sync amounts (see histogram link below). 45% of the accounts had consistent sync amounts (median) above 0.05, 67% above 0.04. 102 unique accounts had syncs above 0.05, and most of these accounts doing more than 40 syncs events of this amount. Sounds like someone exercising? No, these are most likely someone gaming the system, generating the VAST majority of the coins seen in the time window I looked at. 374 coins were generated during the period, 214 by accounts with >0.05 median sync amount, 300 by above 0.04.
Histogram of sync amount frequencies:
https://i.imgur.com/x1DDsne.jpgNow the interesting part is looking at which of the accounts that performed syncs in the time window, also performed transactions. This is very difficult to catch with a limited sample, since syncs and transactions are not likely to take place at the same time. You would rather expect that people generate coins for a while, perhaps even a few days or weeks, and then sends the a transaction.
Still, I could find some accounts that sent transactions while also performing syncs.
Interestingly, many transcations were pointed to the same receivers. For example these were at the end of the time window I looked at (within a short period of time and no other transcations in between, so they could, and likely did, continue to a larger extent):
| sender | receiver | amount |
| 56D60A20B91776474FC6F6DE088CC80AA3BF860C274D6250884CFBA9B9B9DD75 | 3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062 | 5.7 |
| 2C446A57D93FB059C26E90AFFC8757045D74A64049B537E136DE038B3A449847 | 3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062 | 6.3 |
| 787B020E91E9361187DE932810B159D4F2BF6AB2DF75DE43132634BA3831AA98 | 3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062 | 6.3 |
| CA2BCC2EDCD2FA80049B5B294D967FE10B0EAEE2DED2B0C8F8F82E41867356DE | 3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062 | 6.2 |
| F61368F42E9B265787EC7A9508AEF9FF18348B754F6D2E6B218AA8CD68DC167D | 3EAB842BCEC7B3E3FB2ED99665BA875DDF70EE824F9ED82A6DBAFD77A9836062 | 5.6 |
Look at the amounts, they are close to the max daily limit and from unique senders. Could it be a farm? There are other receiving addresses showing the same pattern.
Also, almost all the senders who are also syncers (potential "farm nodes") generate coins at a high frequency (>0.04).
This is however only the tip of the iceberg. I caught some syncers also sending coins. I suspect that this happens to a much larger degree than what can be seen just looking at a limited segment of the logs.
Devs: please release a full log of syncs and transactions as well as ability to look at individual address balances and transaction history (same functionality as traditional block explorers), so that people can see the real scale of this (they should know about these issues themselves I would hope).
Now, back to my point.
The only ones who can make large amounts and reaching limits of coin generation appear to be gaming the system by farming. This problem is hard to deal with, though there are options to make it more difficult. However, there is a clear unbalance when an honest user is barely able to make 1 MCZ performed the activities for a long period of time, that the project has intended for (i.e. sports of whatever activity).
This is also related to the timer, as with a 2 hour limit there is NO WAY for honest users to make what someone gaming the system can do within that time frame. Whatever purpose the 2 hour timer has, its working against the "real" users and does not affect potential farms.
It also degrades user experience to a large extent compared to a non-intrusive background process (i.e. old Android version), and does not work on Android (largest potential userbase). Frankly, a lot more people here dislike it than like it, DOGEbubble.
So the timer is part of the problem. It is also a problem that its seems very easy for many of the active accounts to reach the max limits, yet is is practically impossible doing so when exercising. So how do these accounts do that? Remember these are (probably) generating the vast majority of new coins, which they will dump or use to manipulate the market.
Please make it at least possible for regular users to generate coins at the same rate as (probable) farming users.
Also please stop taking about MGC, it confuses newcomers and makes no sense. You honestly don't think that 1 Mangocoinz = 1000 Mangocoin is confusing? 1 bitcoins = 1000 bitcoin? If you want a denomination for the lower amounts, that is clearly not the answer. Listen to barabbas, he is talking sense.
Show Posts
