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June 06, 2014, 04:37:54 AM |
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If you are serious, then hash power. If the blockchain is not secure, nothing else really matters.
If your treasure is not secure then the more valuable the treasure is the worse, as greater value simply means more chance someone will try to take it from you.
So security is paramount.
Unfortunately the scrypt space has been fragmented grossly since DOGE came along and showed how pathetic the puny amount of hash power litecoin had really was, since just some stupid meme could whip up more hash power almost overnight thus demonstrating that even litecoin had pathetically puny hashpower.
The big thing about the whole blockchain concept is ultimately its security rests upon the fact that all the computing power in the whole world that is not actively defending the blockchain is not enough to effectively attack the blockchain. Any chain that has less than half the world's computing power securing it is weak.
If it were not for merged mining this would make alternate chains pretty much pointless and useless, but thanks to merged mining it might be possible to actually secure more than just one chain, if the majority of the world's hashpower all agrees to co-operate in securing more than one chain at once.
Compare for example the hashpower of namecoin or even devcoin, or ixcoin, heck maybe even i0coin and groupcoin, to other coins...
-MarkM-
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