I am apalled that people are so shortsighted.
Hi! You used the Litecoin algorithm. This means that the coin can be mined using ASIC much more efficiently than using GPU farms. If this is true and you have not used any protection from ASIC, then people have not taken your project seriously. After all, if the price becomes high enough, all the profits will take the owners of ASIC. What is the point of people to mine bitcoins on the GPU and not to sell immediately?
ASIC-resistance is useless. Sooner or later there will be an ASIC for any algorithm you can think of.
Also, I don't think that
fighting ASICs is an intelligent strategy. I don't see miners as
potential enemies or "disease" that I have to fight against.
Quite the opposite,
Actinium is very friendly towards anyone (
friendly from
technological perspective).
Actinium welcomes ASICs and everyone else who wants to support this coin. Be it trading, hodling, coding, advertising etc.
Also, take into account that a
fun currency like DOGE also uses Litecoin's Scrypt algorithm and is now a multimillion dollar business. For some time it was a 2 billion dollar business.
Well, if a currency like DOGE could get such a high valuation, why should a coin that:
a) has a public development team
b) has no premine
c) has no "founder fees"
d) with Ledger Nano Integration
e) Mobile App
f) latest bugfixes (we follow Bitcoin & Litecoin closely)
g) strong orientation towards Lightning Network (so-called 2nd Layer Solutions)
get no proper support from miners and other important actors, like investors and traders?
The least important problem for this coin is ASIC technology. The bigger problem is how to gain trust in a community filled with scams, "get rich quick"-schemes, badly copied code, and sometimes outright stupidity.
The only solution, in my opinion, is radical transparency, tolerance towards anyone (this implies ASIC-miners as well), and readiness to support anyone, in any case.
Feel free to join us in our Discord. There are many friendly and very helpful people. Maybe you can bring new ideas. We need such people!