Hi,
Due the code change a few things are happening.
1.) The stability is higher as the code has been updated
2.) The diff variable has changed to ensure a big miner with a lot ho hash rate can not stop the chain for a long period of time
3.) Network speed for verification is now 4 times faster than before, this is needed in the long run to ensure a fast transfer is given.
4.) The halving has been brought forward so the coin is halving twice a year now. This will have a positive affect on the coin starting from the first halving cycle in Jan/Feb 2016
5.) Miners have a better chance (smaller miners) against the big rigs as the diff will not go in to the 1000's so easy.
6.) More miners are needed to ensure the free official pool block find rate is increasing.
7.) Price is low at the moment which of course no one likes to see but in the long run it will have a positive impact as the chance to get WBB cheaper is now. Exact how low and when the profit switch will stop we don't know.
8.) It is better now to get these bigger scrypt miners out of the way than in 3 year and have them mining over 3 years. This may look worse but due the quick change it is only for a short period.
9.) There will be more coins in the short run when the first halving happens but total amount of coins will not change.
10.) WBB will be soon on the 1EX Exchange and this will help WBB.
11.) BTC is seeing a pump at the moment so everyone is trying to get some BTC. This is affecting all ALT coins a little. WBB is however fairly stable during this time.
12.) We tried our best to keep pump & dump groups off it. So far so good. Once the first lot is with coin holders it will be harder for them to pump after coin halving. but lets see and hopefully WBB stay pump clear for a long time. A slow and steady grow is what we are looking for in the long run.
Update:
The last couple of changes to the trade screen will be added today/tomorrow ( small fixes on help icons and ticker). After this we complete the share screen for shareholders and once done we work on the ALT's to get them on the exchange.
So far we are on target with the Exchange and work is going on daily to make 1Ex one of the best exchanges available. Trade will start to happen slowly over time and people will come to trade on 1Ex once the first alts hit the exchange.
Trading will not be just for ALT's but also for BTC due direct link with the bank CC and the ability to be faster on the trade. This will all benefit the whole WBB 1Ex business in time.
Thanks
WBB Dev
thanks Peter for the update.
As always, we are very timely updated on the progress - well done!
As for the response to my concerns, I am still not fully satisfied with your response. As far as I understand the update of the code for stability (diff variable) had nothing to do with block time length and could have been done independently (points 1 and 2) - please correct me if I am wrong here. I also don't see the BTC price rise as the only thing to blame for WBB price devaluation (point 11), especially that the price of WBB is in a stable decreasing trend since the changes were introduced, i.e., almost two months now (Sept. 14th, was the date when changes were made, if I remember correctly). recent surge in BTC only added fuel to that.
As for chance to getting more cheaper coins (points 7 and 8 ), well yes, but only under assumption that people do not have full bags already (still have spare
BTC to buy, and as I said we need roughly 20
BTC a month to keep the 10k price) and will buy instantly instead of waiting for cheaper prices (pretty sure that is what may happen). And here we come to the clue of the story for now, marketing of the product that you have delivered. Can you comment a little bit on the marketing plans for the nearest time, say, before halving?