The founder of Litecoin confirms that switching away from Scrypt to avoid ASICs is the best option, but it comes with risks.
He posted this today on reddit
You're reading that wrong.
He's stating dogecoin switching away is the best outcome for litecoin.
He is very concerned about ASICs centralizing Litecoin and leading to 51% attacks. There are many Bitcoin people who don't like Litecoin and would love to see it dead.
There are many bitcoin people who don't like any coin, any competition. But I ask you, would there be improvements like there has been if there was no competition? Would we have better coins than Litecoin and Bitcoin if it weren't for alts. Those two are still simple, no real innovation in a long time - over the hill - coins.
When you have something, you don't want competition but competition is the healthiest thing in the world. So too bad.
That goes for Darkcoin as well. You do get a lot of perks for being the first, but if you don't keep up/and ahead of the competition, you die. That's why the developer is so important. Evan is amazing and he won't be stopping with privacy, there is so much more planned, and he has a "we can do it" attitude and has proved he can indeed do it!
