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Question: Would you support a Litecoin [LTC] X11 hardfork?
yes
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Author Topic: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork?  (Read 12441 times)
reRaise
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April 02, 2014, 07:58:48 AM
 #161

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

what did quark "just" copy, if there is copying involved it would be better to say that it got copied tons of times? and by other coins you mean litecoin too right?
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BitcoinBaBa
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April 02, 2014, 08:05:27 AM
 #162

Hardforking in such a large scale to a new algo could cause instability and distrust .
It can be quite destructive for ltc.


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April 02, 2014, 08:06:15 AM
 #163

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

It will be quite a while before someone figures out a ASIC for X11 or any multi-algo. ASIC's also aren't good with high memory constraint and multi-algos at the moment. ASIC seem to be more efficient with low memory and single algos.

People copy ideas from everybody eventually, it's improving on the idea that is important, ie. cars, etc.....

Evolution and adaptation is important in everything in life, same with cryptos.

I fully back the idea of the hard fork.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
IloveAnonCoin
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April 02, 2014, 08:17:53 AM
 #164

Instead of just copying what quark and other coins have done, I think there should be long term strategic change in the hashing mechanism to make it truly ASIC and bot-net resistant.

We can't just keep hardforking Litecoin again in the future when people start building ASICS for X11.

It will be quite a while before someone figures out a ASIC for X11 or any multi-algo. ASIC's also aren't good with high memory constraint and multi-algos at the moment. ASIC seem to be more efficient with low memory and single algos.

People copy ideas from everybody eventually, it's improving on the idea that is important, ie. cars, etc.....

Evolution and adaptation is important in everything in life, same with cryptos.

I fully back the idea of the hard fork.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalk.org/index.php?topic=540160.0
fenghush
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April 02, 2014, 08:24:08 AM
 #165

That fact was echoed by me and many other people including the LTC devs, they just don't care.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalk.org/index.php?topic=540160.0
SpeedDemon13
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April 02, 2014, 08:39:52 AM
 #166

In reality, everything can be eventually ASIC mined eventually. But I have not heard anyone taking anything with more than one algo in an ASIC project, I could be wrong, but I'm human. I meant by high memory constraints,  I meant higher than what Scrypt requires.

CRYPTSY exchange: https://www.cryptsy.com/users/register?refid=9017 BURST= BURST-TE3W-CFGH-7343-6VM6R BTC=1CNsqGUR9YJNrhydQZnUPbaDv6h4uaYCHv ETH=0x144bc9fe471d3c71d8e09d58060d78661b1d4f32 SHF=0x13a0a2cb0d55eca975cf2d97015f7d580ce52d85 EXP=0xd71921dca837e415a58ca0d6dd2223cc84e0ea2f SC=6bdf9d12a983fed6723abad91a39be4f95d227f9bdb0490de3b8e5d45357f63d564638b1bd71 CLAMS=xGVTdM9EJpNBCYAjHFVxuZGcqvoL22nP6f SOIL=0x8b5c989bc931c0769a50ecaf9ffe490c67cb5911
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April 02, 2014, 08:41:34 AM
 #167

it's simply a question of STAYING REAL or SELLING OUT
IloveAnonCoin
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April 02, 2014, 08:46:46 AM
 #168

That fact was echoed by me and many other people including the LTC devs, they just don't care.

The problem is every algorithm in X11 are able to create by ASIC since day one, and it is not high memory constraint like Scrypt.
Here is my thread : https://bitcointalk.org/index.php?topic=540160.0

I think they just choose to ignore.
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April 02, 2014, 09:06:18 AM
 #169

Just teach those ASIC-lovers a lesson by dumping all your litecoins to buy X11 coins and go mine an X11 coin...

By dumping their stupid old ASIC-prone litecoin you'll drive its price way down, right, since you have such a massive stake in litecoin?

If you don't have a massive stake in litecoin but do in GPUs, maybe an X11 coin is right for you but litecoin isn't it.

Also if X11 is the new king of coins, you'll make so much riches from whatever X11 coin you all pick, or the entire family of merged mined X11 coins, that you will be able to build your own FABs and flood the world with cheap free open source ASICs, so that ASIC is as easy for anyone to get as GPU.

You can even give them away in cereal boxes!

No one can monopolise ASICs once you make open source ones! The problem is the stupid "intellectual property" crap around FABs, not ASIC in principle per se.

-MarkM-

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Glorthoron
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April 02, 2014, 09:34:28 AM
 #170

We need this hardfork! No ASICS for litecoin! No centraliced mining!
fenghush
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April 02, 2014, 10:04:51 AM
 #171

We need this hardfork! No ASICS for litecoin! No centraliced mining!
Lead the way, oh supreme leader, right to the jaws of ASIC, then we'll just hardfork it again right, best idea ever!

Just that the x11 ASIC wont be with x10 boost like scrypt, it will be x1000 and the more expensive ones probably within couple of TH.
dragonhunter
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April 02, 2014, 10:19:06 AM
 #172

We need this hardfork! No ASICS for litecoin! No centraliced mining!
Lead the way, oh supreme leader, right to the jaws of ASIC, then we'll just hardfork it again right, best idea ever!

Just that the x11 ASIC wont be with x10 boost like scrypt, it will be x1000 and the more expensive ones probably within couple of TH.

I doubt he understands cons and pros of ASICs and hardfork, and what damage hardfork might bring to LTC.
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April 02, 2014, 11:05:49 AM
 #173

https://litecointalk.org/index.php?topic=18166.0

Bismuth - New Language, Interpretation Engines, Free Set of DAPPs https://bitcointalk.org/index.php?topic=1896497
Bitrated user: HCLivess.
superresistant
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April 02, 2014, 11:16:09 AM
 #174


You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1  258208 KH/S

Now that's an argument for them to keep scrypt.


Here's my bag so you don't ask : Bitcoin, tenX, iexec, byteball and pepecash
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April 02, 2014, 11:18:21 AM
 #175


You forgot to link Coblee's & friends ASIC mining farm :

https://ecent.charityminingpools.com/index.php?page=statistics&action=pool

1  258,208    25,580,340.331    340,755,713 USD/DAY

Now that's an argument.

Yup, that's me. Looking forward to my KnCMiner Titans Smiley


https://ecent.charityminingpools.com/index.php?page=statistics&action=pool













Unofficial Waves topic: https://bitcointalk.org/index.php?topic=2142722   |   My Waves address alias = magnet
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April 02, 2014, 11:28:57 AM
 #176

Democracy on Litecointalk.org? Lock the topic when unwanted voices are heard:

https://litecointalk.org/index.php?topic=18166.135

Meep meep
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April 02, 2014, 11:33:20 AM
 #177


Wow, can we see pics of your mining warehouse?...  Tongue
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