I know devs must be quite occupied with zerocoin and i2pd implementations (good luck with that by the way). Still I feel a comment from them on the following topic is rather important.
What you plan to do about scrypt ASICs coming to scene and the increased possibility of a 51% attack?As of today Anoncoin has
little more than 1 GH/s of network hashrate. Scrypt ASIC manufacturers are promising devices delivering up to 250 MH/s for the second or third quarter of the current year. Thus, it will be quite easy for an individual miner to do a 51% attack (even now it's easy for a multipool).
Are you planing something to prevent this? Changing PoW to an ASIC resistant algorithm like scrypt-n or to Multi-PoW like Myriad? Changing to PoS or PoW/PoS?
In order to integrate zerocoin an hard fork will be needed. Shouldn't you use this opportunity to also address the PoW issue?
Sorry if this has been asked before. If so, please point me to your previous answer.
Currently there is no ASIC resistant algorithm expect XPM (as its complicate to calculate different kinds of chains including the sieving itself).
I think changing to another PoW is a good idea, but not some "butthurt GPU miner algo". ie, no scrypt-jane/scrypt-n/similiar.
For example, if you look at the scrypt coins when they change their N parameter for the scrypt() call, there are years between switches so you can just create an ASIC for current N. Once N is changes, the ASIC technology is so old that nobody will use them anymore.
Of course i do have alot of GPUs myself too, but i aint greedy. I dont want to say "lets use this algo (so i can mine it with my GPUs, hehehe)" as otherwise this coin would be just worthless like all the others.
One thing which protects against 51% attacks is MergedMining. The downsides is, you can mine anoncoins for free as you dont have to choose between coin X and ANC (in case we stay with scrypt and both are scrypt coins).
Therefore value itself would drop dramaticly and we would screw over all our investors.
Il talk with Gnosis about some Ideas i have wrt PoW algo and with meeh about PoS in general.
Sry for spitting out such a huge post, it had to be said.
