The current state of crypto monopoly and what it means for LITECOIN ?

[digitalindustry]

If you read this https://bitcointalk.org/index.php?topic=619427.0

You would understand the principal of controlling the mining issuance so that market cap and price can be controlled.

Doge was born into this and as stated, it only takes a child to see the back and forth volume traded on Cryptsy.

Of course controlling mining difficulty is the key to price control, however the key monopoly of SCRYPT is coming to and end.

This poses interesting and amusing problems for mining monopoly capitalists .

It seems apparent that some of the Doge monopoly capital was moved to Dark.

This tells me that X11 maybe primed for the new monopoly algorithm being relatively simple multi hash.

I'm sure the few 100 BTC that is propping Doge will jump ship with no hesitation..

BUT.


What about LTC? The darling of Alternative currency ? This has been core SCRYPT from the start . .


Charlie Lee proposed merge mining with Doge , he perhaps naively thought Doge was a real market unfortunately with people soon being able to mine SCRYPT in real %'s the people propping Doge don't feel charitable enough to give away their capital that is / was slushing back and forth on cryptsy.

So they politely said thanks but no thanks.


But ..



The Question still remains now what for LTC ?

[flipme]

Scrypt will fall into oblivion

[digitalindustry]

Good assessment.

Also a few little friends have X11 ASICs also.

Trade appropriately .

Quark is the only crypto not subject to total mining monopoly and price control.

There are a few others.

[flipme]

Good assessment.

Also a few little friends have X11 ASICs also.

Trade appropriately .

Quark is the only crypto not subject to total mining monopoly and price control.

There are a few others.

ASICs just don't make sense for X11, but FPGAs are a real option.
But most certainly nothing is ready yet in the given timeframe.

[Omikifuse]

Good assessment.

Also a few little friends have X11 ASICs also.

Trade appropriately .

Quark is the only crypto not subject to total mining monopoly and price control.

There are a few others.

You sure there is x11 ASIC around? I would love to secretly buy one... please pm me

[kelsey]

For bitcoin and litecoin their value has for awhile now been no longer about the miners.

[digitalindustry]

For bitcoin and litecoin their value has for awhile now been no longer about the miners.

You would be correct except there is still a lot to be distributed, admittedly this distribution should be more decentralized than the early 50% , but a monopoly is about price control and that gets degraded going forward primary by the prevalence and availability of ASICs now to the wider market.

I'd look carefully at wired mag supporting DRK and Gavins own comments around "privacy" and take a cold assessment to ask yourself has this SCRYPT monopoly run its course?

It's easy to trade yourself into a belief system I'm agnostic in this regard.


This is why I can state and not be proven different that the fundamentals of Quark exist outside that monopoly.

[traderman]

Wait till all the masternodes start getting attacked/hacked and the governments start going against anon cryptos.

[digitalindustry]

Wait till all the masternodes start getting attacked/hacked and the governments start going against anon cryptos.

That could happen in which case DR K is just a straw man .