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Author Topic: Solidcoin's design choices  (Read 2334 times)
CoinHunter
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August 22, 2011, 02:54:22 PM
 #21

I've read it somewhere in the forum. I think people try these things in testnet to arrive to those conclusions.
And it's a fact that the shorter that constant the more forks/races will be. If there's orphan blocks with the current bitcoin protocol, it must (with the same size of the network) be more forks if that constant is smaller.
I don't know where it is, but I know that because I really wanted to know the reason for the 10 minutes.
And of course, reducing the 10 minutes does nothing for POS payments.


Just because someone posts something on a forum doesn't necessarily make it true.... (ironic eh Smiley )

Firstly to understand how long a block takes to propagate you have to look at
A) The size of the block
B) The nodes capacity sending and receiving
C) The size of the network


In bitcoin (A) is an average of about 25KB right now. B) is quite unknown but if you consider the prevalence of broadband around the world and the minimum connection having at least a 16+KB/sec up and 32KB/sec down speed, which is a fairly conservative estimate. The size of the network, going by my rough estimations is around 3000-5000 nodes or so. Now when a miner sends out a winning block how long would it take given all these factors? Seconds.

If people on dialup need 5 minutes to receive a block then they shouldn't be running a full node in my opinion. They have alternatives, such as ewallets. Also with something like SolidCoin in the future which will have a method for so called "thin clients" to be able to confirm transactions without needing all blocks.

Should everyone be allowed to run a full node? Sure, if they can. Should the network cater to the lowest common denominator? In my opinion no. Like I said, people get stuck thinking about todays problems and not realizing where that path is actually taking them. You need a clear path to your destination if you want to succeed, so firstly you need to know where you want to go. Is your path 90 minute single confirmations?

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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jtimon
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August 22, 2011, 07:00:34 PM
 #22

Testnet is is used to generate some coins on an alternate block chain so that you can test your applications to see if they work without risking real bitcoins, it doesn't change any of the rules that govern bitcoin.

The bitcoin changes must be tested somewhere too
The people of multicoin also has test networks and they change parameters.
There's no need to trade the new currency for bitcoins for testing it.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
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August 22, 2011, 07:15:53 PM
 #23

I've read it somewhere in the forum. I think people try these things in testnet to arrive to those conclusions.
And it's a fact that the shorter that constant the more forks/races will be. If there's orphan blocks with the current bitcoin protocol, it must (with the same size of the network) be more forks if that constant is smaller.
I don't know where it is, but I know that because I really wanted to know the reason for the 10 minutes.
And of course, reducing the 10 minutes does nothing for POS payments.


Just because someone posts something on a forum doesn't necessarily make it true.... (ironic eh Smiley )

Found it.
Tell me what you think.

2 different forms of free-money: Freicoin (free of basic interest because it's perishable), Mutual credit (no interest because it's abundant)
memvola
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August 22, 2011, 08:02:59 PM
 #24

There's no need to trade the new currency for bitcoins for testing it.
I was going to write something like that as a reply to doublec. Well, I can't claim to know that there is no need, but creating a new currency to test features may not be so optimal. For starters, you need a few years for the currency to mature and come to a level of ATMs, banks, snack machines and whatnot to actually say if it scales or not. Of course it will never come to that, and we'll still need to build models and make predictions about the system's scalability and act on them. Now, if you already have made these simulations, and came to a conclusion that it is plausible, but there is no way to know other than testing it in real life, then I'd say go for it.

Not to say that there is nothing useful we can learn from this endeavour of course... Smiley
smoothie
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August 22, 2011, 08:07:37 PM
 #25

Testnet is is used to generate some coins on an alternate block chain so that you can test your applications to see if they work without risking real bitcoins, it doesn't change any of the rules that govern bitcoin.

The bitcoin changes must be tested somewhere too
The people of multicoin also has test networks and they change parameters.
There's no need to trade the new currency for bitcoins for testing it.


Yet people have been trading them for the past two weeks now.  Grin

Somehow I keep ending up with those bitcoins at the end of the day.

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