Well that's sortof my point. Why should an FFL or even a gun owner care about mining? Let the general network do that. For folks looking to use it as a transactional system, they just need to purchase coin. If you're trying to wholly shift away from exchanges at large, to the point where users/FFL's can "mine" their own transactions, then create a true closed-coin system where the FFL's are the exchanges, as has been done in other coins.
Guncoin is still relatively small, it wouldn't take much hardware to take over the chain on a new algo. That's the primary strength of using readily-available/cheap equipment to mine with such as ASIC, it provides security. Few transactional coins survive a major algo switch away from ASIC, and of those, they've almost all died out, leaving just a few to hold the fort.
Like I said, creative response and I like where your thinking is, but I just don't see the value of it unless you go completely closed with the coin. And I do hope to see things take off, I'm just making an observation.
For anyone curious, I have 0 GUN and no stake in the game.
Guncoin is still relatively small, it wouldn't take much hardware to take over the chain on a new algo. That's the primary strength of using readily-available/cheap equipment to mine with such as ASIC, it provides security. Few transactional coins survive a major algo switch away from ASIC, and of those, they've almost all died out, leaving just a few to hold the fort.
Like I said, creative response and I like where your thinking is, but I just don't see the value of it unless you go completely closed with the coin. And I do hope to see things take off, I'm just making an observation.
For anyone curious, I have 0 GUN and no stake in the game.
Being a fan of firearms, let me give you the firearms owner perspective.
There is an issue right now, and it is getting worse on a regular basis, with financial institutions and firearms related products. Right now paypal will not perform transactions for firearms related products, neither will JPMorgan Chase (visa) and others are joining or have already. That leaves a very short list of options for transferring currency, and they run up to a 30% fee for these services. Yes, bitcoin is an alternative, but with all the scrutiny and scams going on related to bitcoin, it scares a lot of people away. This leaves guncoin as a viable option, once it is adopted.
Now, seeing as people buying and selling those products already need to be resourceful, and a great number of them are also computer literate (take a look at the gun forums, they have tens of thousands of members), giving them the opportunity to create their own coin, gives them a stake in the game. But it lets them do it with their own computers, instead of them having to buy an asic that's just gonna sit in the closet making noise. Hell, it can give them an excuse to upgrade the computer, now they can play better shoot-em-up games when they are not mining.
Being a miner, let me give you my miner's perspective.
Scrypt for small hashrate coins isn't a very good thing. The hashrate for asics is growing exponentially. For miners with big hashrate looking for profit, they can simply find a small coin, dominate the hashrate, and then dump the coins on the market with no regard for the purpose of the coin. Mine it, dump it, and move on to the next most profitable coin. Having mined this coin since the beginning, I've watched the hashrate, and the results.
Every time a new batch of higher powered boxes come out, the mine and dump follows, pushing the coin value down. Making my mining worth less.
So how does asics, which lower the value of this coin, and take the mining ability away from the community that would use the coin, make the coin more secure?
I get that you, looking at this strictly as just another crypto, wouldn't have the perspective to understand the dynamics around guncoin, this is why I gave you mine. And I hope you get it.
