Some Newbie Thoughts
hi there I'm new here , been reading this forum for few weeks now.
I did not have a chance to mine btc myself due to lack of hardware and cash to spend on it.
when I discovered LTc I thought it’s a good idea - CPU only - affordable for everyone, everyone can support this coin, open to the real world not just to hardware freaks
But now I'm starting having big doubts ,if Gpu mining is possible isn't against LTC the whole idea behind it? Being silver? Being different?
If gpu mining is possible, LTc becomes nothing different then 4x amount of btc
I’m not talking about prices here . I'm sure cpu miners like me thought that this coin may have future and is different than other Sh.. coins ,
that crypto currency can be supported by everyone not just by group of ppl knowing each other from this forum equipped with super hashing forces .
But is it relay ?
If gpu mining is possible there is no need to use scrypt for it ?
Cpu mining will die soon , the same people will harvest all of the coins again, currency will become limited to certain group again.
Difficulty will grow up rapidly , cpu mining become like solving 1000 captches / 20 cents , worthless
I don’t have big hashing power I barley mine 20 + coins a week not 0,000000blabla coin , but at least its look I’m doing something and its giving me motivation for supporting it not for making cash
Its makes me feel like I can be part of something important , part of fight about freedom we all want heh
why don't make it open to the world , and make real and useful
I’m starting to believe that all that freedom bullshitting is just the cover for people who want to make quick bucks and not to create something different free from governments taxes and all of that crap
There is no big future for crypto currency with current design ,there is always way around it , 4 hours of coding can change everything
Hashing power determinate progress of the coin and this is wrong ,current design makes crypto currency limited and it will never be used in different places then exchanges.
And it will always be limited to small group of people whom have super duper smoking mining rigs