Cut ties with Bryce Weiner or this will end up really bad.

Just doing some research into an address (MREBM2LWmmxxAF1vYyfoEcpQhZjJ5fQpAQ) that keeps popping up using http://myr.coinpi.pe/ since it will display addresses with large numbers of transaction.

On 5/27 (UTC), this address generated 305,000 MYR (http://pastebin.com/AU2EakQW). Based on a block time of 2:30 (150 seconds), there should be an average of 576 blocks per day (per algo). This one address accounted for 53% of those blocks. At the end of the day, that address held a whopping 13,000 MYR. The rest were sent to M8LtymYa42xrxXmA8yydFcBDzeRhdz9X25. That account currently holds 17,537,005 MYR, and I can only assume is an exchange.

This is the address used by Wafflepool, as you can see from the image below (taken from the Wafflepool rolling stats page)...

The referenced hash (6ad7beca9ba28732c598c06f6c40f958fe02e565d39d7d6988f16e82a895b45a) links to a payout to MREBM2LWmmxxAF1vYyfoEcpQhZjJ5fQpAQ.

http://myr.coinpi.pe/tx/cb96fe1fc6b4d91631767b3b630b3baaef9d5faad701d2e61de371c83790b881

This is ONE profit switching pool grabbing greater than 50% of the expected blocks in a 24 hour period. I did not look to see if blocks were created in greater numbers than expected, although I suspect they may have been based on the overall percentage of scrypt blocks climbing to 21.6%.

Looking at a second address from that "burst" of blocks (MQgsHVckUWdELkyHxeQJJ3m7Dfu23ZKkpH) is interesting as well. On 5/27 (UTC), this address generated 160,000 MYR (http://pastebin.com/jrtdG9Z2). It also dumped most of its coins to a single address (MEuTEpcNfFmMC8msP1t2vhis63rZgfo82f), having a total of 15,000 MYR left at the end of the day. I'm assuming this is also an exchange, as that address has a current balance of 4,403,000 MYR.

On these 4 addresses (wafflepool & exchange + suspected profit switching pool & suspected exchange), there are no micropayments (sub reward size) like you would expect to see from a regular pool to miners. We know that one is a profit switching pool, and if we assume the second is as well, that means that 465 of the 576 daily blocks went to profit switching pools. That is almost 81% of scrypt blocks on 5/27 payed out to profit switching pools. That is almost 81% of scrypt blocks on 5/27 dumped the same day. (assuming that each pool carries over an average 10k - 15k daily)

I would love to see some more detailed research performed to validate/invalidate my assumptions. Please!

Now I can understand the thinking that, "oh, it's just ASIC flooded scrypt and we don't care because we have 3 other GPU algos." That's what I thought originally. But follow it through the next most likely progression. 80% or more of all blocks created by all 4 gpu algos will be generated by profit switching pools that dump everything as soon as they can. Like I said earlier, the folks on the Wafflepool thread are already talking about an algo+profit switching pool. This can't be far away. A solution should be researched NOW, before it spreads.

If those of us concerned about this are correct, this coin will soon become nothing but a mine & dump with no one holding but us poor schlubs who believed in the coin. Please, somebody take a look and waylay our fears with analytical data sets, not assumptions or questions. This is a big enough concern that I believe needs to be answered. We need to stay ahead of the curve.

I know nothing about Bryce, or his plans.

What I do know is he pumped this coin with grandiose plans and pre-announcement about announcements and then disappeared. Hell, I've seen scam coins announced here with more upfront information. If he's just spitballing ideas, great. Tell us. If he really is working on this other stuff, great. Again, tell us.

Until he's a little more forthcoming, there is no reason to give any weight to his meanderings. I really hope colored coins take off on MYR, but that doesn't need Bryce. It needs someone with a motivation and a drive to create and release.