Topic: A fair, not premined, focused only on being a GPU coin (Read 1781 times)

100% right

I for one welcome this project


Well, The original Idea behind BTC was that every individual in the network would be helping the network with its computing power, and in return would get some rewards. The thing with ASIC is that the individual user does not get a chance. To be competitive in the ASIC environment you need an initial investment of several thousands of dollars, and to renew this investment every few months. This is not doable for individuals who don't do that as a living.

Then there are the CPU only coins. Those are BAD, because of botnets. (hell, within one week of launching one of my miners it was already registered in many AV software as a worm/virus because people were bundling it in malicious software). So CPU only also excludes the individual, home user.

This leaves us with GPU. GPUs are expensive, but not as much as ASIC, they are easier to install and use, and any gamer has a pretty good one. Most non gamers still have access to a middle range GPU on their laptops or desktops. Of course there are GPU rigs and farms, but those are not very cost effective and do not scale as well as ASIC (space and power consumption are high). So in my opinion, the best way to include the individual, the hobbyist, in a cryptocurrency network  is to make it GPU only.

It seems we are starting...
Anybody else?
It's the final call

it's +1 or -1 ?

Thanks,
and I think I have quite a new way to supress ASIC, much more than vertcoin did it
supress them definitively, it seems...

many fresh, quite new ideas to implement are gathered, and selection is needed
I'm quite convinced to set 84 million coins,
I will insist for having an GTC/BTC exchange ready before a coin launch.

early stage, noone is in a hurry
it won't be a "hurry shitcoin made"

Really asking? It's such easy thing to devise:
People have a personal relationship with their cards, which made them rich.
So, they really do not want to sell them ...
Such a trivial psychological behavior.

Key factor for litecoin success.


It's your opinion. If decentralisation is really important factor for you - bitcoin is behind litecoin in this category.

Why is ASIC proof such a big thing? I don't get it. As far as I'm concerned the reason BTC is where it is, is because of the ASIC.

I think it will be a gr8 idea to make a coin that will be asic-proof. On what stage of develepment is the project? Do you know how much coins will be issuded?will there be an exchange, kimoto gravety impimated? Im very exited for this project, will keep a close look.Best of luck.

 (and ASIC proof, of course)

I just start to search for dev team members, but:

"I have nothing to offer but blood, toil, tears and sweat."
so if somebody know someone that might be interested, please PM me.

www.gpucoin.org
www.greatcoin.org