Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 89. (Read 123199 times)

It would certainly be quite an interesting counterfactual world where bitcoin had been ASIC resistant from the start.  For one thing the energy consumption of the bitcoin network would be even greater, by an order of magnitude probably, than it is now.  Either that or it wouldn't have scaled up as much.  It might have ASICs to thank for that.

Does the fact the majority of ASICS are probably not being used to mine a specific Cryptonight coin, but are instead being rented out on nicehash, change the reasoning here at all?

And - on a different but related note - is anyone worried about the future of Dero vis-a-vis the fact that it is a POW coin?  The developers of Cardano and other "generation 3.0" coins, and for that matter the developers at Ethereum, seem to think the future is with POS.  If Dero scales up isn't the network energy consumption going to end up being a problem?

So, how can i move my coins to stock ?? How to copy stock.exchange wallet adress and make transaction? And what does it mean @checksum failed@

Any idea when they'll add Dero?

lol

What happened to bitcoin isn't applicable for a number of reasons. Firstly, we don't know the counterfactual; i.e. - what would have happened to BTC had ASICs not been developed for it. Secondly, BTC was the *only* cryptocurrency when ASICs became available, so there was nowhere else for GPU and CPU miners to go. Thirdly, ASICs were adopted very slowly for BTC because its price was quite low and no one knew if it would really ever take off. Plenty believed it would, sure, but it's not like recent history where price went to nearly $20k US and dragged almost every other crypto with it, so now it is more or less known that crypto can be successful. Fourthly, the even more recent crash in crypto prices shows that prices can, indeed, do just that: crash. Since ASICs tend to be very expensive, especially the first batch, those that buy them have a very strong incentive to dump their coins as fast as they mine them to try to recoup the cost, and for a small market cap coin like DERO that can push the price down so far the coin loses all momentum, especially since GPU/CPU miners have been all but pushed out by the ASICs.

Granted, DERO is holding up rather well in the face of the ASIC invasion, but I, and many other long time miners, stopped mining it completely, and if the recent positive price action reverses and DERO trades to new lows because of relentless selling pressure I suspect that many of us once staunch supporters will lose interest and drift off to other projects.



These points I mostly agree with, and have argued such before - ASICs can be a very good thing if for no other reason than they are usually much more energy efficient, it's just that the manufacturers are a bunch of sleazebags that are all but untouchable because they are located in countries where, shall we say, the rule of law is not paramount.

Guys and ladies, cant move my coins to stocks.exchange, in wallet it's show message checksum failed, what's wrong??  And how to insert stocks.exchange adress to wallet, or it's impossible and need do it char by char?  And maybe stocks.exchange gives me invalid Dero adress  stocks.exchange dERimZr1Af9CjQCCUTZQakNLqgDPQCnMfUdTH5fLWoBAg3JnU79jNkFarUVGqwJc6R5NW2qLE5iuocm SHgQWgHop47bTGQ9i61T8KhNy3hSux  

Anyone who claims ASICS kill coins are out of their mind.

Look at bitcoin, the first ASIC PoW coin... Still going strong.

ASICs make any network safer at a higher cost efficiency. The fact that the companies that make them are unethical by selling them only after mining them for 3-6 months has nothing to do with ASICS, it has to do with those people. So instead of going after ASICs, which are only great, go after the companies that are doing unethical business.

The cryptonight ASICs (or many of them) were sold at discounts recently, this makes it highly likely that the hashpower coming from them is rather distributed

EDIT.  I do not agree with the sentiment of getting on the bigger exchanges as soon as possible.  If Dero is going to be successful, at some point it will emerge from these forum threads and start to be reviewed on sites that are catering to second-tier investors, I mean those who rely on others to do their research for them rather than doing it themselves (as we all have done otherwise we wouldn't be here).  It could start to get bigger coverage at that point, and it is not a good idea for that to happen too soon.  It should happen once the principal goals of the project have already been achieved, as opposed to being mere promises.  You don't want the thing flying up into the sky then coming crashing down in flames.  Much better to fly higher and higher slowly but steadily.

But maybe that smiley face means you are actually hoping the price comes back down to those levels ;-)

Seems like an impossible game to predict prices in the short term... in the long term, we are all predicting higher prices (otherwise we wouldn't be here), but in the shorter term, seems like it is near impossible.

Finaly i did restore wallet , thanks Zeus))))))))))

if Dero does not list in bigger exchange, i think the price can go back to 0.000034. 

I strongly agree with the new system created by Dero, as it contains a new blockhain protocol that will have an edge in unique blockchain state art technology with increased reliability, privacy, security, usability and portability by bringing together some of the best proven technologies such as the CryptoNote protocol and smart contracts, thereby enabling the creation of a completely private contract not to be deviated from the rules.

Killed?  Price just went to 0.000180 on stocks.exchange.  That's $1.60 at current prices.  A month ago it was at 0.000034.  That's a 5 fold increase against the price of bitcoin.  In a month.

So have ascic killed this coin? Did they fork like everyone else?

Because, Dero will be listed in Coinmarketcap. 
p/s: i have just seen Volume 24h is ~100k$

Why  hasn't the price gone down?

Natural ASIC resistance.

 

Stop crying we are not sure if the next PoW change will ever be GPU friendly. Even at 100 Mh they make less coins than a GPU miner enthusiast during last month.

We can see the possible price manipulation from ASIC miners. Mining...but there is no selling. Solo mining, farms. No decentralization.
From the beginning, DERO start with huge support from small GPU miners, and big decentralization. A big GPU miner population is one of the reasons why You decide to use a Cryptonight, and got a free marketing from the start, and loyal supporters.
Now coin developers decide to betray GPU miners, and accept ASICs. All other serious coins made a fork, support decentralization and make their coins ASIC resistant. Even ETN work on fork.
When ETN left the "old" cryptonight, the rest market value of all coins on old algo will not be sustainable to give ASIC owners profitability. They will stop mining. What You will do than? Transfer DERO to PoS?

We applied!