litecoin is a sleeping volcano

Price drop that too at such a high difficulty. I think its due asic manufacturers mining and dumping the coins who don't even care about LTC , and why will they when they already have stacked large amount of money in pre-orders while they are mining the shit out of miners.

The choice to use scrypt was also partially to avoid giving advantage to video card (GPU), FPGA and ASIC miners over CPU miners. Mining litecoin with a CPU or video card is approximately 1000 times slower than mining bitcoin with the same CPU or video card.

Due to Litecoin's use of the scrypt algorithm, FPGA and ASIC devices made for mining Litecoin are more complicated to create and more expensive to produce than they are for Bitcoin, which uses SHA-256.

Which does not explicitly point to the fact the coin is dying, or am I being naive?

All the coins are under threat, even bitcoin.

Scrypt coins are numerous, and most will die.

As far as litecoin goes, it is entrenched as the second coin. I don't see why it won't just do as bitcoin has done after Asics, and get absurdly high difficulty levels.

There are too many interests in it for it to just whither away.

The question is what coin will arrive to knock bitcoin (and litecoin) from their perches?

Clue: Whatever it is, it has not happened yet.

This.

Litecoin is being secured by its own ASIC hardware.

It will be the 2nd most secure coin on the planet.

This.

Litecoin is being secured by its own ASIC hardware.

It will be the 2nd most secure coin on the planet.

Limit this mostly to CPU, so only full blown computers can compute it, and one doesn't have to buy special purpose hardware. The hardware will be useless otherwise and after all coins have been mined (unless the incentive to mine is still up and maintained in some way like unlimited coins or high transaction fee), the miner will actually throw it away or sell it to someone else (who may be a cracker who's accumulating firepower for bad mining). This is partially true for GPU hardware, but they have a gaming purpose apart from computational purpose, and probably the miners will themselves use it in gaming. So all in all, prefer 1) CPU only, 2) CPU & GPU, 3) Special purpose hardware.
      
      With new hardware, mining efficiency will increase; the new miners of the new hardware will start accepting transactions of lower transaction fees making the old hardware redundant cause they take more electricity. They will be sold cheap cause of this reason (lower profit margins or even losses).

      For an attacker, electricity cost is not of a concern, cause the attack time will be limited; he's going to earn money by making false transactions in blocks he mined.
      
      Yes -- the old hardware is old generation, but that doesn't mean it'll be slower.
      
      New hardware will not focus on higher hash rate, but power consumed per hash rate, thus, hash rate of new hardware may not increase exponentially making the network more vulnerable to attacks with older hardware.
      
      I'm not sure about the architecture of ASIC miners to comment on that. It's not an ARM processor which can be made faster by simply by increasing the clock speed. Modern AMD and Intel processors are not 4xPentium/athlon 64 @6GHZ. So an improvement in architecture does not necessarily mean faster speeds, it may have been done to reduce electricity consumption by half. Look at mobile processors for instance; they are more efficient than their Desktop (per Whetstone and dhrystone score) counterpart but slower.

      We just may have a similar trend for ASIC miners. Same consumption in electricity@little less hashing power.
      
      This's still worst for small alternative cryptocurrency using the same hashing algorithm. They're easy to exploit cause of low difficulty.

Oh...okay, thanks for clarifying. The NEM scandal was the "scandal of the day" yesterday, so I had assumed that you'd heard about it and wondered if NFD was harbouring a dark secret also. I didn't know that the timing was coincidental.

I have to confess that your request - your dare, if you will - struck us as a bit out of the ordinary That's why we got our guard up a little. But now that you've clarified, I can see why an unmoderated thread is a serious due-diligence point.

So here you go: https://bitcointalk.org/index.php?topic=651171.new#new

I also included, in the third paragraph of my OP, my policy for my responses in the thread.

Since MaWo started this thread, I can't guarantee that he'll add a link to the above in his OP, but I have complied with your request otherwise.

You can still find all from users or from me deleted messages here
https://bitcointa.lk/threads/ann-nfdv2-no-ipo.312346/

If this coin is dead, why is the network still alive?

relaunch in the making?

Then what's with this request over in the NEM thread? Yes, NEM:


https://bitcointalk.org/index.php?topic=426303.msg7277895#msg7277895

I know it's not your request, but the person that made it to the NEM thread mod was serious. I am interested in your personal opinion about that NEMster's (public) request to the mod of the NEM thread to start deleting posts in that thread by Gorillajam.