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Myriadcoin: "It may not become the gold standard, but it's one of the best out there."
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Just curious what your reaction would be.
Would you care?
Would you want to know what that coin was?
Would you purposefully avoid that coin?
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Do any Skein p2pools exist?
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So myriad is going to be able to be loaded into our electrum bitcoin wallets in future ?
No, it will be a separate electrum wallet solely for Myriad. wow, that will be great if MYR has electrum wallet waiting for this software Yep. Just be patient with us. These wallets and such take extra time because they can't be simply 'forked' since the blockchain is mined by 5 separate algorithms. |
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So myriad is going to be able to be loaded into our electrum bitcoin wallets in future ?
No, it will be a separate electrum wallet solely for Myriad. |
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Foodies, correct me if I'm wrong, but the current developments are:
1) Android wallet
2) Electrum wallet
3) MAMMMP still
4) Website launch later this week (Friday-Sunday?)
First 3 are taking extra time because Myriad's blockchain is a whole new beast and things can't simply be forked. So have a little patience with us, please.
Patience is a myrtue.
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M3ITIS - The Great Dictator Speech: https://soundcloud.com/m3itis/the-great-dictator-speech-by"Soldiers! don’t give yourselves to brutes - men who despise you - enslave you - who regiment your lives - tell you what to do - what to think and what to feel! Who drill you - diet you - treat you like cattle, use you as cannon fodder. Don’t give yourselves to these unnatural men - machine men with machine minds and machine hearts! You are not machines! You are not cattle! You are men Myriad!" |
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New wallpaper for you guys:  |
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Myriadcoin has been added to MiningPool.co Scrypt only at this stage. https://www.miningpool.co1% Fee Vardiff Stratum 5 minute payouts Happy Mining! Myriadcoin Algo:QUBIT http://scorp.hopto.org:5567/http://scorp.hopto.org1% Fee P2pool Recommended Settings: ./sgminer -k qubitcoin --no-submit-stale --queue 0 --scan-time 1 --expiry 1 -o stratum+tcp://scorp.hopto.org:5567 -u Your Myriad wallet address -p x Thank you. I will add this to the necessary places  |
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So stoked I was able to vote for Myriadcoin twice. Thank you!
(1st multi-PoW, Andreas Antonopoulos thinks it's interesting, all-inclusive rather than fragmenting mining communities, GPU miners stay relevant while maintaining bonus of ASIC security.)
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A) Video here (I link to the point where he discusses it - 1:21:43): http://youtu.be/s3j5jlB0mmQ?t=1h21m43sB) TranscriptionAndreas: “I think what we are going to find over time is the emergence of systems where you can do mining with multiple different modes. We’re already seeing, for example, there’s a coin out there—I believe it’s called Myriad—and it has 5 different mining algorithms.
Host: “Just randomly changes?”
Andreas: “No, all of them simultaneously. So if you compromise an entire mining algorithm you get 20% of the mining power. You’d have to compromise 3 different algorithms in order to get to 60%. You’d have to take over the hashing power of the entire algorithm on 3 different algorithms—some are CPU-[friendly], some are GPU [friendly], some are ASIC-friendly. And, well that creates a very interesting scenario.
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Holy crap. Andreas Antonopoulos talked about Myriad's multi-PoW blockchain!A) Video here (I link to the point where he discusses it - 1:21:43): http://youtu.be/s3j5jlB0mmQ?t=1h21m43sB) TranscriptionAndreas: “I think what we are going to find over time is the emergence of systems where you can do mining with multiple different modes. We’re already seeing, for example, there’s a coin out there—I believe it’s called Myriad—and it has 5 different mining algorithms.
Host: “Just randomly changes?”
Andreas: “No, all of them simultaneously. So if you compromise an entire mining algorithm you get 20% of the mining power. You’d have to compromise 3 different algorithms in order to get to 60%. You’d have to take over the hashing power of the entire algorithm on 3 different algorithms—some are CPU-[friendly], some are GPU [friendly], some are ASIC-friendly. And, well that creates a very interesting scenario.
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Nice. Will add to the OP, Reddit, and new website. |
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Gentlemen. Coin generation rate means nothing. Do you understand initial pricing on exchanges?
2,880,000 MYR per day x 0.00000500 MYR/BTC = 14.4BTC buy support to maintain 500 MYR assuming every miner dumps every day.
14.4BTC buy support. That's it. You can start to worry when the daily Mintpal volume approaches this number.
How do you increase the value of a coin? You give people reasons to inject their BTC in it. You don't artificially lower the coin generation rate. The innovation alone in this coin gave me a reason to inject my BTC into it on Poloniex. Now, we are doing as much as possible to build projects around Myriad so people feel confident acquiring BTC at a healthy rate.
If you artificially lower the coin generation rate, the price may "rise" initially to a proportional level (which is morally objectionable) but then you still need the same number of BTC to sustain it at that level. The artificial price rise is equivalent to a pump and offers nothing to the coin except unfair advantage to everyone mining this coin in its early days.
If you invested 1BTC into Litecoin and 1BTC into Myriadcoin, you would need both to increase 100% to get 2BTC despite their relative price difference against BTC. LTC would need to jump from 0.025 LTC/BTC to 0.05 LTC/BTC while MYR would need to jump from 0.00000575 MYR/BTC to 0.00001050 MYR/BTC. Using this logic, I would actually argue that LTC's coin creation rate is way too high because we've only seen it hit 0.05 LTC/BTC once on a glorious pump. There clearly is not enough buy demand to sustain LTC anywhere above 0.03BTC
Argument over.
+1 Great insight on the pricing mechanism of crypto. Thank you. |
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The homeless-looking, drug-addicted, filthy criminal that the trolls here love to dub "Bryce Weiner" has posted this picture on Twitter.  Looks like he actually walks the walk, which is more than any troll here has contributed to a coin. |
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