[FRC] - Difficulty Adjustment fork SUCCESSFUL!

[Bicknellski]

do you have to download the new version? Can I just load my wallet and have it update itself ?

nice work on the support

Download

Latest version 0.0.2-2, released 11 May 2013

http://freico.in/download/


Back up your wallet first.

Note: If you have participated in the beta or release candidate, you will first need to delete or rename your Freicoin data directory. On windows this is “%APPDATA%\Freicoin”, on Mac OS X “~/Library/Application Support/Freicoin”, and on Linux “~/.freicoin”. Make sure that you backup these files if you need the keys contained in your old wallet (for example, you used the release candidate to generate your miner payout address).

[Jorgeminator]

A great thank you to the developers from me, too. 

And to the people waiting for the hard-fork to take place, please, contribute with your hardware so that we can get there faster. We've only seen 5 blocks in the last 24 hours, which means the hard-fork is more than a month away at the current pace. Remember, every contribution counts!

[Tobius]

Also note that due to some extensive research and simulation run by our developers maaku and galambo we thing FRC will after this new algorithm goes into place have the highest degree of 'fitness' (the match between difficulty and actual network hash rate) of any coin EVER.  All the parameters (adjustment ever 9 blocks, gain or 0.1025 and limiter of 1.055) have been carefully selected to be the absolute optimum to both respond to rapid changes in hash rate and to dampen the random fluctuations inherent in the PoW process.  Both FRC, BTC and several other alt-coin historical data were used for simulated comparisons and similar parameters were found to be ideal in all of them, should our algorithm prove itself in this final real world test then we would recommend it be used universally.

I'm eager to see how it all turns out in actual deployment.

Might take a while to get there @_@ So many blocks to mine, not enough hash power to do it XD

[Bicknellski]

183 BLOCKS TO GO!

Someone should now post a widget below in the thread so we can all watch it count down slowly.

[SaltySpitoon]

stickying temporarily so that need to see the update can more readily.

[Impaler]

Thx Salty

[smoothie]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

[galambo]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

glad to see you again, too.

[gabbynot]

How will this increase the supply?

[galambo]

How will this increase the supply?

It doesn't. Freicoin difficulty will now quickly match any increase or decrease in hashrate.  People cannot mine in a way that will make blocks pop out faster or slower than 600 seconds.

[Tobius]

How will this increase the supply?

It has no effect what so ever, it'll just keep the blocks churning at the original defined rate. He's just having his fun

[zero3112]

How much longer before the fork is done?  Is it safe to send coins during this?

[Bicknellski]

How much longer before the fork is done?  Is it safe to send coins during this?

185 more blocks... 10 blocks a day  2 or 3 weeks.

Yes you can get the new client and send coins now and into the future without issue. You can use the old one up to the fork to send coins. I already updated so I won't forget.

Thanks Salty!

[Bicknellski]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

Dufus...

They had the filter at the beginning but it wasn't ready yet. They have known well before you even heard about the FRC.

Stick to ragging out BFL especially if you don't know the devs of FRC... they are on it and have been on it since the coin launched.

The only fail here is your failure to READ anything about the developers plans.

[smoothie]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

Dufus...

They had the filter at the beginning but it wasn't ready yet. They have known well before you even heard about the FRC.

Stick to ragging out BFL especially if you don't know the devs of FRC... they are on it and have been on it since the coin launched.

The only fail here is your failure to READ anything about the developers plans.

Hey noob,

I've been pretty spot on with my calls about alt-chains.

Yes I'm the one who failed is why there is a need for a HARD-FORK on FRC right? LOL

Obviously the devs didnt have their shit together otherwise they would not be in this predicament.

FRC = Federal Reserve Coin

Centralized money supply. Good job investing in that. LOL I prefer dollars over FRC.

  Fail more please...it is entertaining.

[smoothie]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

glad to see you again, too.

 

[smoothie]

When more ASICs (that mine SHA2560) are released, FRC will be destroyed by MEGA MINING of FRC.

Hang on to your precious FRC and be taxed on it with demurrage. 

[Bicknellski]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

Dufus...

They had the filter at the beginning but it wasn't ready yet. They have known well before you even heard about the FRC.

Stick to ragging out BFL especially if you don't know the devs of FRC... they are on it and have been on it since the coin launched.

The only fail here is your failure to READ anything about the developers plans.

Hey noob,

I've been pretty spot on with my calls about alt-chains.

Yes I'm the one who failed is why there is a need for a HARD-FORK on FRC right? LOL

Obviously the devs didnt have their shit together otherwise they would not be in this predicament.

FRC = Federal Reserve Coin

Centralized money supply. Good job investing in that. LOL I prefer dollars over FRC.

  Fail more please...it is entertaining.

What is not spot on is what you know about this coin and the devs.

1. THEY KNEW IT AND HAD PLANNED ON PUTTING THE FILTER IN.
2. THEY HAVE WORKED HARD ON IT THIS PAST FEW MONTHS AND WERE WAITING FOR THIS DROP TO FORK.

If you want to call me a noob that is fine but you lack the basic ability to read what the devs have posted and that makes you woefully ignorant.

If you spend half the time reading about what they planned to do as you did on BFL threads I wouldn't have a problem.

Your "views" are nothing more than well after the fact reviews of what the devs knew day one when they planned to implement the coin there has ALWAYS been a plan to fork in this filter get it? Go read the github and the forums. You know shit about this coin and it comes out loud and clear in your post. Seriously man you seem to think you have the market corned on knowledge of altcoins you might want to actually talk NASA geek who does the dev work on the coin. He might be able to enlighten you about it. Other than that not much more to say than you are a Doofus.

Your misrepresentation of the coin itself speaks volumes about your ignorance and again an inability to read and understand the nature of what will potentially happen once there is even a foundation set up. Sad really the ignorance you have. All it takes is a few minutes to read but you lack that skill. Sad indeed.

Demurrage? Goes to whom? And what is the purpose of the Demurrage? Not a tax... you failed to read the basic definition of Demurrage. I wonder how you know so little yet seem to think you understand so much about Freicoin. You don't even understand the basics what demurrage is at all. Why? You have not read about them. There are many benefits of Demurrage that help secure the coin itself so I think you might need to, yet again, take a longer look at the documents surrounding this coin. The fact you try and fail to characterize the Demurrage as a tax makes me wonder if you know what Demurrage actually means? Sad. Really sad if you don't understand a basic definition and what amounts to a key feature in the coin... wow. Woefully ignorant or Josh like arrogance... wonder which it is?

[smoothie]

LOL anyone who wasn't able to see that FRC's design would have these implications of large chunks of time between diff adjustments due to huge influx of miners...is fail...just fail.

Now the developers are resorting to cheating. lol

Changing the time between diff adjustments will only inflate the FRC supply. So it is a temporary fix.

Dufus...

They had the filter at the beginning but it wasn't ready yet. They have known well before you even heard about the FRC.

Stick to ragging out BFL especially if you don't know the devs of FRC... they are on it and have been on it since the coin launched.

The only fail here is your failure to READ anything about the developers plans.

Hey noob,

I've been pretty spot on with my calls about alt-chains.

Yes I'm the one who failed is why there is a need for a HARD-FORK on FRC right? LOL

Obviously the devs didnt have their shit together otherwise they would not be in this predicament.

FRC = Federal Reserve Coin

Centralized money supply. Good job investing in that. LOL I prefer dollars over FRC.

  Fail more please...it is entertaining.

What is not spot on is what you know about this coin and the devs.

1. THEY KNEW IT AND HAD PLANNED ON PUTTING THE FILTER IN.
2. THEY HAVE WORKED HARD ON IT THIS PAST FEW MONTHS AND WERE WAITING FOR THIS DROP TO FORK.

If you want to call me a noob that is fine but you lack the basic ability to read what the devs have posted and that makes you woefully ignorant.

If you spend half the time reading about what they planned to do as you did on BFL threads I wouldn't have a problem.

Your "views" are nothing more than well after the fact reviews of what the devs knew day one when they planned to implement the coin there has ALWAYS been a plan to fork in this filter get it? Go read the github and the forums. You know shit about this coin and it comes out loud and clear in your post. Seriously man you seem to think you have the market corned on knowledge of altcoins you might want to actually talk NASA geek who does the dev work on the coin. He might be able to enlighten you about it. Other than that not much more to say than you are a Doofus.

Your misrepresentation of the coin itself speaks volumes about your ignorance and again an inability to read and understand the nature of what will potentially happen once there is even a foundation set up. Sad really the ignorance you have. All it takes is a few minutes to read but you lack that skill. Sad indeed.

"worked hard on it this past few months...."

lol to adjust for difficulty? Wow that must have been some serious programming that took months lol.

Just your sentence alone above shows how stupid you are lol

[smoothie]

Bicknellski: "I have tons of FRC and they are rotting away as we speak. YAY!!!"