As I said earlier, we should maybe think of changing to a new algo.. Evan said that he would change algo when asics were possible, FPGA's are hurting this coin, this dumping is just insane.
We would be better with scrypt or sha256, at least their asics are in the market, but a new cpu/gpu algo would be better...
I must have missed that. Do you have a link to Evan saying that?
Ditto. I've been around this project for a long damn time. I've never heard anyone say this...
Another "put words in their mouth then claim failure when that which was never promised doesn't happen troll?"
Yeah he actually said the opposite. I don't know where you're getting your information from. Proof is the below quote.
We can't really do anything to stop miners from moving to GPUs in the eventual. It doesn't look like anyone has succeeded in making a miner that works well yet though. GPUs are in the natural life cycle of a crypto though and I'd like DarkCoin to follow the same path as Bitcoin did.
That proven scammer said a lot of things. In June he is still claiming ASIC Resistence which is a flat out lie as proven from your quote from February.
X11 is ASIC resistant, just as LTC was. It's not ASIC-proof. There aren't ASICs out for it now but it's always a possibility down the road. Try harder.
+1
Different != Resistant
A new algo is not 'resistant' just because it's a new algo... Any algo that is static is in fact not ASIC resistant at all, it invites ASICs, actually. It's just different and an ASIC hasn't been made yet. That doesn't make it resistant to shit. That's why I never liked calling X11 "ASIC resistant." It's not. At all. It actually invites ASICs by it's very nature of being just another static algo no different from any other in the perspective of a giant parallel calculator... Scrypt was never ASIC resistant, either. It was just different and guess what, there's ASICs for it now... Any static algo invites ASICs, it doesn't resist them. It only means that current ASICs can't do it. This is not resistance, it's merely different.
So easily they fall for the hype and marketing...
You sir, are talking some sense. One small edit, though - a static algo may be ASIC resistant, it is just less so.
Scrypt, as used in Litecoin, was a damned fine scam from day 1. Scrypt tends to be ASIC resistant, but not in the ACTUAL meaning of the term - people in crypto should call it "ASIC uneconomical." The parameters for LTC's PoW - scrypt(1024, 1, 1) - were deliberately chosen in order to allow GPU mining efficiency far exceeding the efficiency of CPU, and that's why it was so easy and profitable to make ASICs.
The whole point of it was to lie about its properties.Precisely. LTC was, and is, a scam.
But, much like dogecoin, it proves to us that the fundamentals of how a crypto might work, as outlined by satoshi, are, in fact, not anywhere near as delicate as he thought.
Doge: Zero diff coin of infinite inflation has more market cap than we do, none of the users have any damn clue how it works or how fundamentally horrible it is, and it brings absolutely nothing to the table.
Lite: Calling yourself silver is all it takes to snatch up hundreds of millions in stupid peoples' money. Algo that is the 100% opposite of what it claims to be, nobody is smart enough to notice, brings nothing to the table.
The pattern is: stupid. Stupid people love to be fucked over. They can't complain about it when the demand it. It's like the Occupy Wall Street idiots. They insist on being screwed, yet blame everyone else when they end up screwed... Duh... You're right, we 1% fucked you, because you refused to participate in anything else... It's like dumb whores that marry for money. What'd you fuckin' expect? Prince Charming? Really? You think Prince Charming trolls for hookers like you? Derp... Stupid people... Lets throw our money at the obvious lie then be mad when we lose our money because it's a lie... Fucking dumb...
It's not so much that the altcoin business is a scam. It's that the people involved insist on being scammed. If it's not a beautiful and obvious lie, they're not interested. Cryptotards refuse to put their money in anything other than a scam that anyone with half a brain could figure out...
The average crypto investor/apologist is the dumbest person alive no matter how you slice the demographic.
It's all about the stupid people. Just ask them... Me me me me me.
Sad but true. A fool and his money are soon parted......
