I was reading over the previous forum and found this interesting post of interest made by Gldcoin (original developer). I'm posting it for posterity and historical record.
originally posted June 08, 2013, 03:04:33 AM
This is going to take a week or more to get to 21,000
Heres what I really think would make this coin take off:
1) Change fork to 20,900
2) Change Max adjustment to 110% (would ensure no spike - surrender I have it at 140% - was 400%)
3) Change block re-target to something like 250 blocks - I have it at around 500. **
4) Possibly change block time to 1 minute, leave reward at 500? (how would this affect the price? if it doesn't, the coin is then profitable as LTC even at difficulty 7, and at say difficulty 2 it would be 400% profitability of LTC.
Personally, I say we change the block times to 1, leave rewards at 500, and move the fork up to 20,900.
**For #3 - reason I didn't bring it down like I said to 125 or 250 is because its possible for someone then to hammer the coin for say 500 blocks, and raise the difficulty 560% - where as with a 500 block re-target, max it would go up is 140%
OR - we simply let this play its course...
Its all up to all of you, please post your comments here, and lets decide. At the least we should move the fork up to 20,900. Sure some will say "thats poor planning" - but I say who cares, as long as it works.
Comments and views are welcomed.
