Any idea of the likelihood of that?  Would the exchange operators be able to operate offshore through different servers?  And buyers and sellers as well?  I know it might be a PIA, but I don't think governments will be able to stop crypto, at least not in the long term.  Although the US is making it a PIA through tax consequences.  At least they think. Any good accountant or tax lawyer (like me) can turn mining into a loss pretty quick.  Personally, I'm just not going to use US exchanges if they are required to start reporting to the IRS.  I'm personally not going through the hassle of setting up a business just for tax purposes.  Although the losses my help my overall tax situation.  I'll have to think about that one.  The self-employment taxes might not make it worthwhile.  What would make sense is a large group of individuals getting together and forming a mining corporation.  Profits would be based on user input, deductions would be great, and no self-employment taxes.  The only taxes would be capital gains, either short term (less than one year), or long term (more than one year).  Either rate has far less tax consequences than normal income (e.g. employment).  The deductions from equipment and electricity costs could be used to create quite a loss for the first year (on paper), then that loss could be carried forward to offset earnings from the next year.  The IRS basically just created a lot of work for accountants and lawyers, while gaining no income, except from people who are unfamiliar with proper tax avoidance business formation.  Which is probably most miners, unfortunately.

Thank you. I see your points in your post regarding stability and flexibility and I totally agree. My concerns where more related to decentralization. So if I understand you right, the devs will change one or more of these algorithms in future if the distribution over CPUs, GPUs and ASICs is not fair anymore?

Furthermore, CPU only mining also has well known drawbacks (botnets etc.) and nobody can tell how CPU technology will evolve in the next 10 years (more cores or higher clock) and if processing units will appear that are in between of CPUs and GPUs (like stream processors). So how exactly is it possible to design a "100% proven CPU algorithm" that is safe for the future? And how will Myriad react if all these technologies will move closer together so you can not really distinguish between a GPU and a CPU anymore?

Sounds like a good track to me. This project is promising and at the current point of my research maybe the best solution to the problems that arised from the Bitcoin experience. I will dig deeper and will keep me updated. Thanks a lot!

When a coin has that type of power, amazing things will unfold

I bought a load just before the crash, but just before I go out and mop up some ofthe dumps, would you like to address one point that I've heard ?

The coin's got all these algos that make it more accessible - great. But doesn't it also expose it to more points of failure ?

In other words if you've got 6 algos, you've got 6 times more chance of breaking than if you've got only 1. As I understand it they are not redundant (like aircraft engines - if one fails the others keep going).

With multiple algos in 1 coin, if 1 fails the whole coin's sunk isn't it ?

(P.S. I'm not trolling. I want to get this out of the way while the coin's on the deck because if it rises the trolls will all appear and that's one thing they'll use).

get the 280 on groestl, mine runs with 60 degrees at 11mh/s at poolerino