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Title: Scrypt lies Post by: BTC-TK on January 15, 2014, 01:21:24 AM It seems that scrypt(1) is always used as PoW, when a cryptocurrency mentions it uses scrypt people naturally assume that the difficulty adjusts through the coin taking advantage of scrypt key-stretching, in reality scrypt introduces little to no advantages and a significant downfall by it being a relatively new algorithm.
Isn't it ultimately misleading people since scrypt using currencies will always use 128kb of memory and in all reality will never be GPU or ASIC proof? Title: Re: Scrypt lies Post by: Nullu on January 15, 2014, 01:33:35 AM It seems that scrypt(1) is always used as PoW, when a cryptocurrency mentions it uses scrypt people naturally assume that the difficulty adjusts through the coin taking advantage of scrypt key-stretching, in reality scrypt introduces little to no advantages and a significant downfall by it being a relatively new algorithm. Isn't it ultimately misleading people since scrypt using currencies will always use 128kb of memory and in all reality will never be GPU or ASIC proof? Very few Scrypt coins will servive if ASICs do come out. We'll see more hybrids or unique algorithms, with one becoming popular for being ASIC resistent. Title: Re: Scrypt lies Post by: BTC-TK on January 15, 2014, 01:43:28 AM It seems that scrypt(1) is always used as PoW, when a cryptocurrency mentions it uses scrypt people naturally assume that the difficulty adjusts through the coin taking advantage of scrypt key-stretching, in reality scrypt introduces little to no advantages and a significant downfall by it being a relatively new algorithm. Isn't it ultimately misleading people since scrypt using currencies will always use 128kb of memory and in all reality will never be GPU or ASIC proof? Very few Scrypt coins will servive if ASICs do come out. We'll see more hybrids or unique algorithms, with one becoming popular for being ASIC resistent. I can barely trust the 3 year old Scrypt, why would I trust a written-yesterday unique algorithm? Title: Re: Scrypt lies Post by: Hazard on January 15, 2014, 01:46:13 AM when a cryptocurrency mentions it uses scrypt people naturally assume that the difficulty adjusts through the coin taking advantage of scrypt key-stretching Implying that people give a damn about technical details here... They don't. Which is why shit like dogecoin thrives.Title: Re: Scrypt lies Post by: BTC-TK on January 15, 2014, 01:51:23 AM when a cryptocurrency mentions it uses scrypt people naturally assume that the difficulty adjusts through the coin taking advantage of scrypt key-stretching Implying that people give a damn about technical details here... They don't. Which is why shit like dogecoin thrives.Tell me more about guys with virtually no social intelligence that actually put effort into their coins and then just name it *Something random*+coin and how we should all praise them. |