[QRK] Dev error

[jubalix]

The dev of QRK seems to misunderstand or misrepresent the distribution and control due to mining of qrk v bitcoin

http://www.youtube.com/watch?v=6qXhqSy0nbg

asics are what protects bitcoin from gov/corporate computer systems, qrk can be botneted / server farmed by any govt, or amazon or <insert your cloud service here>

How can such a fundamental mistake be made by the DEV? and remain credible?

Also Qrk seems a lot more centralized in holdings to my understanding, as many early large BTC holders forgot, sold out or lost coins. Qrk however had huge mining up front almost all coins are out.

Finally no one has explained how the extra hashing improves security except "it does".

[peterlustig]

Governments can make ASICS too.
More hash algorithms = more expensive ASIC = more expensive 51% attack.
Stop drinking the kool aid.

[jubalix]

Governments can make ASICS too.
More hash algorithms = more expensive ASIC = more expensive 51% attack.
Stop drinking the kool aid.

I'm not sure gov could or in volume or in a hurry or has

I now govs now have near unlimited CPU farms right now.

in any event you missed the point,

and to really stop drinking the cool aid

PeerCoin and Emunie are coins I hold as well as BTC and QRK

[peterlustig]

My point is, a CPU coin (that is truly ASIC-resistant) is decentralized, while an ASIC coin will be centralized (51%-attacked) when someone with a grudge against Bitcoin and enough money will make a shitton of über-fast ASICS. Note that I used when not if.

[jubalix]

My point is, a CPU coin (that is truly ASIC-resistant) is decentralized, while an ASIC coin will be centralized (51%-attacked) when someone with a grudge against Bitcoin and enough money will make a shitton of über-fast ASICS. Note that I used when not if.

A cpu is not decentralized, due to bot nets and cloud.

[peterlustig]

Sure there are botnets, but there are also billions of CPU's in home computers. Can't say that about ASICs. Which is more centralized? 

Yes there are a few ASICs in consumer hands, but those are nothing compared to the farms in the factories of the ASIC miner builders. Now think what would happen if one of those companies was bought out by US gov?
51% attack on an established CPU coin? Near impossible due to decentralized nature of CPU mining and high cost of CPU. (made it bold, CPU mining is decentralized despite some botnets)
51% attack on Bitcoin? Very possible if you have the funds (a few billions should be enough).

[jubalix]

Sure there are botnets, but there are also billions of CPU's in home computers. Can't say that about ASICs. Which is more centralized? 

Yes there are a few ASICs in consumer hands, but those are nothing compared to the farms in the factories of the ASIC miner builders. Now think what would happen if one of those companies was bought out by US gov?
51% attack on an established CPU coin? Near impossible due to decentralized nature of CPU mining and high cost of CPU. (made it bold, CPU mining is decentralized despite some botnets)
51% attack on Bitcoin? Very possible if you have the funds (a few billions should be enough).

yes and those billions of cpus, a significant proportion can be botnets, and cloud servers, which are far more powerful.

Eg I have cpu mined prime coin, on EC2's and that became impossible very quickly to make a profit. People with access to low cost mass computing, keep out the home cpu as its not economically viable. So those billions of home cpus will hardly be used outside of botnet.

[jubalix]

Sure there are botnets, but there are also billions of CPU's in home computers. Can't say that about ASICs. Which is more centralized? 

Yes there are a few ASICs in consumer hands, but those are nothing compared to the farms in the factories of the ASIC miner builders. Now think what would happen if one of those companies was bought out by US gov?
51% attack on an established CPU coin? Near impossible due to decentralized nature of CPU mining and high cost of CPU. (made it bold, CPU mining is decentralized despite some botnets)
51% attack on Bitcoin? Very possible if you have the funds (a few billions should be enough).

yes and those billions of cpus, a significant proportion can be botnets, and cloud servers, which are far more powerful.

Eg I have cpu mined prime coin, on EC2's and that became impossible very quickly to make a profit. People with access to low cost mass computing, keep out the home cpu as its not economically viable. So those billions of home cpus will hardly be used outside of botnet.

PPC or Emunie hold the answer to this whole mining issue