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Author Topic: Darkcoins making Litecoins redundant ?  (Read 1400 times)
kelsey
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May 24, 2014, 02:01:07 AM
 #21

btw wtf is drkcoin  Huh
El Dude
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May 24, 2014, 02:02:27 AM
 #22

Litecoin was reduntant the second it it outlived it's 'GPU/FPGA/ASIC resistant' claims.
Smart guys were sucking up bulk of supply 1 generation ahead of the masses. Bitcoin never made such claims. Litecoin was specifically created to offer SAFE HAVEN from this, which it failed at.

Now, many more innovative coins exist, that rightfully should take over the 2nd place.


Litecoin never claimed to be asics resistant.

I've told you before, and I'll tell you again.
YES it was.  of I've bolded the relevant sections.

We heard you like mining, so we put a miner on your miner, so you can mine while you mine.

Note: try changing -s in the miner batch to 3, 5, or 7. Experiment which is best for you.

Official Website: http://www.tenebrix.org

Hello everybody!

Allow me to introduce you Tenebrix, a cryptocurrency we (mostly ArtForz, but I contributed the name, some minor tweaks and the logo, as well as windows portability suite and cool genesis motto Wink ) have created to provide the community with a cryptocurrency with solid GPU resistance.

It implements a proof-of-work scheme based on scrypt, a cryptographic construct specifically designed to resist creation of efficient GPU, FPGA and even ASIC implementations
. You can find more about scrypt and how it can improve your stamina, masculine appeal and performance here
[

of course, certain guys ALREADY KNEW this was bullshit and was mining with GPU while rest of public was stuck on CPU. and then R&D into fpga then ASIC port happened while everyone stuck on GPU. Algo was deliberately set without proper TMTO guards and never fixed.

 

they were no asics in 2011 , saying litecoin was made to be asics resistant is retarted , coblee even said so himself.
look here and see if it makes those claims https://bitcointalk.org/index.php?topic=47417.0

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El Dude
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May 24, 2014, 02:03:23 AM
 #23

btw wtf is drkcoin  Huh


they crappy pump and dump coin of the week

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May 24, 2014, 02:04:56 AM
 #24

I think LTC was the smartest Pump and Dump created in this forum. Auroracoin wasn't very smart and had weakness that kept getting attacked. The only thing I am buying for LTC is Silver tarnish remover because I am going to need it pretty soon down the road.

LOL @ the same LTC shills posting silver crap. I wonder how many $50 bagholders are there hoping KnC will make it impossible for common man to mine and that would make it more valuable. Good luck, you are going to need it. We all know the power of Bitcoin. Simply forcing yourself in the same sentence doesn't make you anything comparable. I have always understood and accepted the BTC snark but I never get the LTC bagholding retarded arrogance. But that is what happens when you are brainwashed in thinking "silver".

Anonymous coins will end the silver nonsense. Another PoW is not a good enough differentiation to deserve any kind of silver labels, especially since it is all a perception and speculation.

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kelsey
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May 24, 2014, 02:05:20 AM
 #25

For public adoption, average joe aint going to be able to mine any top coin, or care who the hell is mining. Hell I'm into cryptos awhile and I don't care the how when what where of mining btc/ltc......I trade....Done.

And anon lol. Coins are as anon as the users is capable of making them be.
El Dude
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May 24, 2014, 02:07:16 AM
 #26

I think LTC was the smartest Pump and Dump created in this forum. Auroracoin wasn't very smart and had weakness that kept getting attacked. The only thing I am buying for LTC is Silver tarnish remover because I am going to need it pretty soon down the road.

LOL @ the same LTC shills posting silver crap. I wonder how many $50 bagholders are there hoping KnC will make it impossible for common man to mine and that would make it more valuable. Good luck, you are going to need it. We all know the power of Bitcoin. Simply forcing yourself in the same sentence doesn't make you anything comparable. I have always understood and accepted the BTC snark but I never get the LTC bagholding retarded arrogance. But that is what happens when you are brainwashed in thinking "silver".

Anonymous coins will end the silver nonsense. Another PoW is not a good enough differentiation to deserve any kind of silver labels, especially since it is all a perception and speculation.
.

cool story bro

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kelsey
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May 24, 2014, 02:09:49 AM
 #27

I think LTC was the smartest Pump and Dump created in this forum. Auroracoin wasn't very smart and had weakness that kept getting attacked. The only thing I am buying for LTC is Silver tarnish remover because I am going to need it pretty soon down the road.

LOL @ the same LTC shills posting silver crap. I wonder how many $50 bagholders are there hoping KnC will make it impossible for common man to mine and that would make it more valuable. Good luck, you are going to need it. We all know the power of Bitcoin. Simply forcing yourself in the same sentence doesn't make you anything comparable. I have always understood and accepted the BTC snark but I never get the LTC bagholding retarded arrogance. But that is what happens when you are brainwashed in thinking "silver".

Anonymous coins will end the silver nonsense. Another PoW is not a good enough differentiation to deserve any kind of silver labels, especially since it is all a perception and speculation.


ltc has survived several waves of alts, still the only one standing head and shoulders above the rest., that give investors faith enough.
TingCoin
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May 24, 2014, 02:50:35 AM
 #28

I'm hearing a lot of people who know fuck all about DRK in this thread. The guy who thinks other coins centralized mixing services will make DRK not stand out is hilarious. Cheesy
DRK has mixing in the wallet. Anyone with 1000 DRK can host a masternode (and get paid for it) which does the mixing, there's going to be loads. You don't have to "trust" anyone with your money, no worry that the centralized mixing service won't be compromised. You know? There's even future plans for masternodes to provide services such as decentralized anon chat and page/market hosting.

The DRK instamine was an honest mistake, but most of the instamined coins have already been bought/sold and been exchanging hands all the way up. You can see the wealth distribution here: http://chainz.cryptoid.info/drk/#!rich As you can see the top 100 hold 3x a bigger proportion as BTC (which is around 20%) which isn't too bad considering DRK probably has 300x less users.

Look at what our dev has accomplished so far, and he's working on it full time till Jan 2016.

This guy is REALLY funny:

1. dark has a HUGE instamine one of the biggest on the board - 50% roughly of all coins in existence were mined in 1 day by a handful of people. True, but as I said most the instamined coins have changed hands multiple times as the price has been going up
2. dark cut of their minting by 75% to enrich holders and stop future miners getting any coins I'm still getting 1 a day Smiley, and it wasn't to enrich holders, it was to make it more similar to BTC scarcity. When they cut the coins the value didn't increase at all, did it?
3. dark is pump and dump Looks more like pump and pump. Us DRK fans actually WANT the price to drop so we can buy more. Well I do atleast. I've got £1k ready for incase it ever sees <0.02 again Tongue
4. every coin will be anon in a month in some form so drk won't stand out. Developer constantly upgrading, there's way more to come. Also, centralized mixing services where the owner may steal your coin, or be sending info to authorities? Or be hacked and not realize it? No thanks.
5. if you watched the US hearings their number 1 message was " we will never allow or tolerate any anon crypto" so what business is going to risk dealing with it. Now THIS is the biggest load of shit you've said yet. They've said they don't care about anon crypto, AS LONG as the exchanging of FIAT to CRYPTO and CRYPTO to FIAT is regulated, they don't care. Authorities won't ban just 1 coin or a few, to them crypto is crypto they don't care what name it has, it's all going to be regulated the same way. To the authorities, if 1 is anonymous, all of them are.
6. never listen to dark shills ... of course they will tell you their coin is the best thing ever.


This guy clearly doesn't know why Bitcoin originally gained its massive value and the potential Darkcoin has Smiley.

Oh also the other serious anon coin contenders... We have zerocoin which is backed by the US army and whose dev have said they will install backdoors in the software. Not to mention the first ever transaction holder can create coin out of thin air. Wonder who that's gona be?  Roll Eyes Then we have DarkWallet (which does look interesting but...) has centralized mixing, plus it's a browser add-on. The average joe's browser is pretty insecure, and I wouldn't trust my coins on a browser extension I don't think.

Anyway, when DRK reaches the value of LTC, which is will, and it will overtake it. DRK will be $70 each when it matches LTC's value. I can't wait.
LTC is just a faster Bitcoin, originally built to be ASIC resistant. Not the case anymore, so it has no real features really.

But I really think LTC will hold its value though because it's so established in the market, plenty of merchants accept it, and it's a coin used on most exchanges as a way of buying low-valued altcoins (coins with less than 0.00000010 value). And it'll likely never lose its place there in the market.

Any posts from me that were posted in Russian were NOT from me. A cykablyat obtained my forum login details when they were leaked, I was inactive from the forum at that time.
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May 24, 2014, 03:08:46 AM
Last edit: May 24, 2014, 05:13:25 PM by Anotheranonlol
 #29

Litecoin was reduntant the second it it outlived it's 'GPU/FPGA/ASIC resistant' claims.
Smart guys were sucking up bulk of supply 1 generation ahead of the masses. Bitcoin never made such claims. Litecoin was specifically created to offer SAFE HAVEN from this, which it failed at.

Now, many more innovative coins exist, that rightfully should take over the 2nd place.


Litecoin never claimed to be asics resistant.

I've told you before, and I'll tell you again.
YES it was.  of I've bolded the relevant sections.

We heard you like mining, so we put a miner on your miner, so you can mine while you mine.

Note: try changing -s in the miner batch to 3, 5, or 7. Experiment which is best for you.

Official Website: http://www.tenebrix.org

Hello everybody!

Allow me to introduce you Tenebrix, a cryptocurrency we (mostly ArtForz, but I contributed the name, some minor tweaks and the logo, as well as windows portability suite and cool genesis motto Wink ) have created to provide the community with a cryptocurrency with solid GPU resistance.

It implements a proof-of-work scheme based on scrypt, a cryptographic construct specifically designed to resist creation of efficient GPU, FPGA and even ASIC implementations
. You can find more about scrypt and how it can improve your stamina, masculine appeal and performance here
[

of course, certain guys ALREADY KNEW this was bullshit and was mining with GPU while rest of public was stuck on CPU. and then R&D into fpga then ASIC port happened while everyone stuck on GPU. Algo was deliberately set without proper TMTO guards and never fixed.

 

they were no asics in 2011 , saying litecoin was made to be asics resistant is retarted , coblee even said so himself.
look here and see if it makes those claims https://bitcointalk.org/index.php?topic=47417.0

There were FPGA'S. if you can create bitstream on fpga it's logical next step to create ASIC. It's a matter of time.  coblee is backtracking. he doesn't want to change what up until now is a working formula because he's got millions of $ riding on it along with many others.. perhaps he's also paid off by manufacturers.

coblee did not create the litecoin POW. he copy pasted from fairbrix, which copy pasted from tenebrix. before you mention multibit we are talking proof of work.

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