Hello All,
*snip, snip*
1. X11 is not Asic resistant forever, but asic resistant for the next 2 - 3 years so we can implement that and stick to it for the next 2 - 3 Years and thus hardfork to another technology that may be present by then.
2. Yes X11 is implementable and there would not be any need for swapping of coins.
3. We can also hard fork to Scryp-Jane N Modified or N- Adaptive Scrypt.
If you have any further questions to ask please do post them here and I'd be happy to answer them.
Regards,
~Soopy~
1- My main question is, is it wise to continually resist asics? I mean asics would only help secure the network with more hash power than what we can muster with any given GPU algo. If this is the case why run from something that BEE can benefit from?
2- Understood
3- Same as 1.
DO WE THINK THAT SLIGHTLY INCREASING THE BEECOIN COINAGE FROM 24BN TO 35BN WOULD BE A GOOD IDEA?
THIS IS JUST A QUESTION THAT I HAVE RAISED, NOTHING HAS BEEN FINALISED, BUT DISCUSSIONS ARE ON-GOING.
The increased coinage should accommodate for block reward scaling, to attract more miners and investors to BEECOIN.
Remember, the more people mining beecoin, the more popular the coin is and THE HIGHER THE PRICE!
I'm fine with increasing the total coins slightly for this purpose. It would be better to do it now/soon rather than later when BEE has a larger user base for sure.
If the increase is to allow POS minting at a reasonable rate say 5% that would be fine.
Great to see soopy is back now . Yes, bee community ... some guys here really are dedicated to this coin. John has really really donated a lot ...thanks to him for sure.
Let's look forward to the future... let's hurry up and decide 100% what to do and go with it
If soopy can do this for us guys it is a lot of work, i know you could be waiting to see what happens first... but if he does get us on the new algo , stable and going with POS and block tax etc. It will be great work and if you can contribute a few coins his way that would be nice. I know a few of you want to wait and see first, that is cool but if it all does get done then if you can just give a little bit that would be nice.
So let's just decide now exactly how we want to go and get going ....