This bug (described below), increased mining rewards by 5-20x, had nothing to do with LTC, and was indeed put there Evan:If the block reward was supposed to be 56.1961549627, why is it showing 500 in both mining pools.....
The block rewards should have start close to 100 coins per block and should have gotten smaller each time the difficulty goes up and the reward should increase as the difficulty goes down.
I confirm that block reward with current difficulty is again 500, this is weird.
Everyone using the linux based version please update your source from GitHub! I fixed the code that is causing the strange block rewards and it goes active at block 4500! If you do not upgrade you'll be left behind!
Once Evan fixed the bug at block 4500, the reward immediately dropped from 500 to 25.
That was entirely new code (LTC didn't and doesn't have a variable block reward based on difficulty), written by Evan, with the bug put there by Evan.
The 5-20x block rewards due to Evan's bug accounts for 80-90% of the instamine, not the LTC difficulty retargeting algorithm (which Evan also messed with; he did not use the LTC code as-is, and which also did not function as advertised and adjusted -- surprise, surprise! -- more slowly). See below.
With correct block rewards and the LTC algorithm, you would have had a much smaller instamine, more like LTC. With the adjustments functioning as advertised, there would have been even less of an instamine (i.e. virtually none at all). That's not what happened.
- 5 minute block target
- 6 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward controlled by moores law ( 1111 (diff+1 ^ 2))
It hasn't changed for the last 3-4 hours
Opps, updated that. It's every 576.0 blocks.
This instamine fiasco shows why Evolution is bound to fail, perhaps even worse than the Dash rebrand.
"Anybody who thinks they can flesh out a protocol in secret and then deploy it, full-blown and working, is in for a world of hurt."
[Nick Szabo, 1993-8-23]
What does it say about Evan Scamfield that he learned nothing about the value of publicly reviewed open source code from his instamine fiasco, and is repeating the mistake with Evolution?
As Evolution is being designed and written in secret, vertoe was exactly right when she said Dash is completely centralized.
A legitmate FOSS project doesn't start with a hyped-up marketing demo that was created behind closed doors, then work backwards to code and whitepapers.
