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LiteCoinGuy
Legendary
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Activity: 1148
Merit: 1011
In Satoshi I Trust
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August 08, 2014, 10:19:33 AM |
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wrong section.
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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August 08, 2014, 10:42:59 AM |
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Nobody really cares. Vote for Scrypt and we could attack it more easily then.  |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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haploid23
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Activity: 812
Merit: 1002
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August 08, 2014, 10:44:19 AM |
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What does this have to do with bitcoin? That's what the alt coin sections is for.
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Este Nuno
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Activity: 826
Merit: 1000
amarha
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August 08, 2014, 02:08:57 PM |
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Nobody really cares. Vote for Scrypt and we could attack it more easily then. Wouldn't be easier to attack if it was SHA256 considering it would only take one decent size farm to point its hashing at them? Unless of course it starts to rival Bitcoin's hashrate which seems unlikely. |
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ensurance982
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August 08, 2014, 02:09:57 PM |
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Does this really matter anymore? I guess SCRYPT coins aren't safer than SHA256 coins, or vice versa. There's enough hashing power on both sides to manipulate the coin. It's not as if SCRYPT is ASIC resistant anymore.
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We Support Currencies: BTC, LTC, USD, EUR, GBP
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Lauda
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Activity: 2674
Merit: 2965
Terminated.
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August 08, 2014, 02:18:50 PM |
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Nobody really cares. Vote for Scrypt and we could attack it more easily then. Wouldn't be easier to attack if it was SHA256 considering it would only take one decent size farm to point its hashing at them? Unless of course it starts to rival Bitcoin's hashrate which seems unlikely. It would if you had someone as Ghash.io, but I'm thinking that scrypt (altcoins) have more individuals minor and major miners. I actually think that people should unite and take down Realcoin/keep attacking it. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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cozk
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August 08, 2014, 02:21:12 PM |
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I think RealCoin should never launch.
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Este Nuno
Legendary
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Activity: 826
Merit: 1000
amarha
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August 08, 2014, 03:57:50 PM |
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Does this really matter anymore? I guess SCRYPT coins aren't safer than SHA256 coins, or vice versa. There's enough hashing power on both sides to manipulate the coin. It's not as if SCRYPT is ASIC resistant anymore.
Any entity with sufficient resources can provide enough hashing power to manipulate any currency that uses any hashing algorithm. But with SHA256 we already know there are many single entities that control petabytes worth of hash power. All it takes is one of those people to decide they want to take a network down. Right now while scrypt ASICs are out and in the wild there is not much evidence of single facilities coming any where close to consolidated relative hashing power of those in Bitcoin/SHA256. In fact it seems that ASIC distrabution for scrypt is actually going quite well and adding lots of security to networks who use scrypt as their PoW algo. You can take a look at the distribution of hashing compared to Bitcoin. It's much, much healthier at this point. Will it stay that way forever? Who knows, but for now the clear choice for anyone starting a new currency is scrypt in my opinion. |
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franky1
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Activity: 4256
Merit: 4533
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August 08, 2014, 04:06:02 PM |
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does it really matter what code or method it uses. we all know that the end result on launch day would be a protocol that contain elements of:
crapcoin
fakecoin
scamcoin
boringcoin
uselesscoin
worthlesscoin
DontBuyThiscoin
PumpNDumpcoin
OMG!Anothercoin
oh and it will have special unique services such as
dicegame number 2001
gamblegame number 2001
WhereDidMyCoinGo?OhcrapILostIt game
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I DO NOT TRADE OR ACT AS ESCROW ON THIS FORUM EVER.
Please do your own research & respect what is written here as both opinion & information gleaned from experience. many people replying with insults but no on-topic content substance, automatically are 'facepalmed' and yawned at
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Este Nuno
Legendary
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Activity: 826
Merit: 1000
amarha
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August 08, 2014, 04:20:00 PM |
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does it really matter what code or method it uses. we all know that the end result on launch day would be a protocol that contain elements of:
crapcoin
fakecoin
scamcoin
boringcoin
uselesscoin
worthlesscoin
DontBuyThiscoin
PumpNDumpcoin
OMG!Anothercoin
oh and it will have special unique services such as
dicegame number 2001
gamblegame number 2001
WhereDidMyCoinGo?OhcrapILostIt game
I'd be careful, with that attitude you might miss the train if another Bitcoin pops up. Not saying it's going to be this Realcoin thing, but with all the new technology and innovation happening all these old Bitcoiners that assume everything other than Bitcoin is a big pile of shit are probably going to miss out. At least keep an open mind like you did when you first heard about Bitcoin. |
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BitCoinDream
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Activity: 2338
Merit: 1204
The revolution will be digital
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August 08, 2014, 04:21:44 PM |
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Please dont post ShitCoin discussion in BitCoin section. We have a separate ShitCoin section altogether. |
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juju
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August 08, 2014, 04:22:16 PM |
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They probably have it setup so 99.99% of all the block rewards will be given out when the genesis block is mined. I can't expect they would allow people to mine this currency, they will distribute it themselves. They basically they will generate tens of millions of Realcoins in 1 minute, then sell try to sell them too people for 1 US Dollar. Then they invest the USD they receive into better vehicles like Bitcoin, so they can repeat the cycle all over again. |
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Yakamoto
Legendary
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Activity: 1218
Merit: 1007
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August 08, 2014, 04:23:55 PM |
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I thought Realcoin is going to be a currency pegged directly to the USD... So we're mining USD?
Now cryptos are helping inflation? Geez.
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BowieMan
Full Member
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Activity: 154
Merit: 100
Is there life on Mars?
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August 08, 2014, 04:53:12 PM |
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Make it SHA256! There are a ton of old SHA256 miners and especially ASIC miners out there, so people can even grab their old gear in order to mine that coin! SCRYPT is nice, but not ASICProof and not that many people have SCRYPT ASICS |
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Lauda
Legendary
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Activity: 2674
Merit: 2965
Terminated.
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August 08, 2014, 04:54:27 PM |
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wrong section.
It's been hours since I've reported the thread so I don't think. Is it possible that no moderator was online or that they think that this belongs in Bitcoin discussion (does not make sense). I'd be careful, with that attitude you might miss the train if another Bitcoin pops up. Not saying it's going to be this Realcoin thing, but with all the new technology and innovation happening all these old Bitcoiners that assume everything other than Bitcoin is a big pile of shit are probably going to miss out. At least keep an open mind like you did when you first heard about Bitcoin.
Realcoin is utter nonsense, it's surely not going to be it. I also doubt that there will be a second Bitcoin, although high gains in the altcoin market are a real thing. |
"The Times 03/Jan/2009 Chancellor on brink of second bailout for banks" 😼 Bitcoin Core ( onion) |
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fryarminer
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August 08, 2014, 04:56:31 PM |
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does it really matter what code or method it uses. we all know that the end result on launch day would be a protocol that contain elements of:
crapcoin
fakecoin
scamcoin
boringcoin
uselesscoin
worthlesscoin
DontBuyThiscoin
PumpNDumpcoin
OMG!Anothercoin
oh and it will have special unique services such as
dicegame number 2001
gamblegame number 2001
WhereDidMyCoinGo?OhcrapILostIt game
hahaha! Dude I'm with you bro! getrealcoin |
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greenlion
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August 08, 2014, 04:57:09 PM |
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I was under the impression that Realcoin was supposed to be a user-created asset on top of Mastercoin, so how is this question even meaningful?
Why not just become a dollar-issuer on top of Ripple?
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Este Nuno
Legendary
Offline
Activity: 826
Merit: 1000
amarha
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August 08, 2014, 05:18:05 PM |
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wrong section.
It's been hours since I've reported the thread so I don't think. Is it possible that no moderator was online or that they think that this belongs in Bitcoin discussion (does not make sense). I'd be careful, with that attitude you might miss the train if another Bitcoin pops up. Not saying it's going to be this Realcoin thing, but with all the new technology and innovation happening all these old Bitcoiners that assume everything other than Bitcoin is a big pile of shit are probably going to miss out. At least keep an open mind like you did when you first heard about Bitcoin.
Realcoin is utter nonsense, it's surely not going to be it. I also doubt that there will be a second Bitcoin, although high gains in the altcoin market are a real thing. Yeah, I didn't mean to imply that Realcoin had any chance of becoming the next Bitcoin. |
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