[quote=“emeth, post:12, topic:3338”]How is sigmike’s answer invalid?
Since the network has a tolerance of two hours of time stamp error, does it mean one can try 14400 different time stamps per second?[/quote]
Yes. There are other limits involved but you can try more timestamps per second. The client already tries some previous timestamps if you missed them.
But if you try the next 14400 timestamps at time t, then at time t+1 you’ll try 14399 timestamps you’ve already tried, and only try 1 new. So you still try only 1 new timestamp per second.
If you do that it may still be a little easier to find a block if the difficulty changes a lot (because you’ll try more timestamps when the difficulty is low). But it’s probably not significant. And you wouldn’t get more reward, you’d only a part of it earlier.[/quote][/quote]
Its not invalid, it just doesn’t really address any of the issues.
The biggest issue is difficulty adjustment that happens from submitting blocks in the future, and he seems to not consider this at all.
I have the power to stake into the future, lower the difficulty significantly, and have thousands of more chances to stake at the given moment in time than you do. Given enough stakes coming in with this code, it will make it much easier to perform a double spend or another attack on the chain.
All it really takes is for someone like me to create a wallet with the code, release it and say “hey everyone use this and you will stake much faster”, and the network gets really screwed up once enough jump on the new wallet.