Topic: [ANN][EMC2] Einsteinium | FUNDING THE FUTURE WITH THE FUTURE OF CURRENCY - page 335. (Read 1076411 times)

EMC2 is strong coin, not dead. just a couple weeks, we will see 1K sat. just watch.

What is your hypothesis, theory, reasoning, foundation for such a proclamation?






The account is new, true; however as someone earlier intimated it is very likely that the owner of that account also has another account that he is hiding from the conversation.  I don't care so much about the bet, or to know the tenured ID for the writer, I want to know how the writer arrived at his position.

Prejudicial dismission impedes knowledge, I'm willing to give a fair hearing of the claims so that I could arrive at my own conclusions.

This is not serious. This is a new account, trolls. Just ignore

You're right . For new ideas takes time. The same Bitcoin was just the plaything of geeks , and now dominates the minds of many people , and based on it generated a lot of ideas about the future of information transmission. ASICs not as evil as everyone thinks . Their number can not block all the gpu cards . They are much smaller . And unlike these Bitcoins Asic distributed over a large number of different coins , and they do not threaten any particular coin.
As for the low price now EMC2 . Everyone who has a few Bitcoins can dump or pump the price because small volume of trading . And now not even talk seriously about low price and panic. Just need to hold them .

for those short sighted and greedy people who think that changing the coins fundamentals like Proof of work or block reward schedule is going to create value in the long run..

just look at the coins that did....

take maxcoin for example.. in order to abate their falling price they bowed to pressure from speculators and recently cut the block reward in half.. They were never a Scrypt coin and so were never at risk of being affected by ASICs in the short to medium term...
and yet.. after a brief rise in price for a few weeks... the price has tumbled to almost half the price it was before they tampered with it...

this is just a warning for those short sighted people who believe that messing with a coins fundamentals is a good idea.

don't listen to the fools and speculators.. they are only in it to line their own pockets...

messing with a coins fundamentals breaks community trust because if they can do it once... then they will do it again.

markets need certainty in order for investors to put money down and help the economy grow.

if you break that certainty you simply push away the very people you are hoping to attract.

and PS.. for those people who think that ASICS are evil.. they are actually more power efficient and thus more environmentally friendly than GPUs.. they show investor long term commitment to growing the economy (because someone has to put serious money down and wait many months to design and develop them).. they secure the network and protect against botnet attacks... and they didn't seem to do Litecoin or Bitcoin any harm now did they?

don't believe the hype... and follow the lead of the successful and trusted coins.

amazingly, so inadequate person)

i no need to. i stand with my bet.

emc2 is dead 2 months over. bet me

lol Bring your real nick and we will talk

No, just no. Scrypt-N is even less efficient then scrypt. It is also not anymore secure then scrypt. There are no advantages going that direction.

There will be an official response from the developers regarding this in detail, with that being said this is my personal response.

In terms of any hashing algorithms being more secure, that is more myth and marketing then fact. In fact some of those present their own problems in terms of both security and the potential for botnets after analysis by our developer. Basically, they present some major security issues.  In addition some of these new algorithms are literally hacked together, they seem power efficient because they are not optimized. Good hashing algorithms, which scrypt is one, generally have the same level of security, and the same vulnerabilities. Scrypt is actually a secure algorithm, there is nothing wrong with it, other then a significant amount of irrational FUD around scrypt ASICs that is prolific right now.  Despite the fact that many of the scrypt asics have not made an appearance, and will likely be gradually be introduced into einsteinium's network. The reality is the advantage to ASICs, is actually security.

In terms of efficiency, some may be more power efficient in terms of GPU mining, that is not mean they are as efficient as they can be in general, and as I stated before, a few of them present their own problems in terms of security. As it has been pointed out, is ASICs are more efficient then GPUs no matter the algorithm, and there is a point where we will need to transition to that form of mining at some point. With that being said, as predicted, it would be needed at a certain point in our life-cycle, especially considering the halving schedule.


I would also not confuse investors with GPU miners either. The two groups are not necessarily the same. We see no reason to change our algorithm at this point. Essentially, it would just be a gimmick with no real advantage.

With all that being said changing the algorithm, and implementing such a large fork can present significant risks. This could range from outright killing the coin, the loss of previous coins, or something else. Litecoin laid out one, the biggest risk is it presents the risks of essentially creating a new coin and two separate forks. In this way forking the coin with a new hashing algoritm presents is a significant security risk, and one with no guaranteed rewards. Keeping the algorithm as is, ups and downs included, at least insures we will not see those risks that are introduced through a new algorithm change, which is in many ways, a gimmick, and one that can introduce major issues.  

It is not likely to happen to fork to a new hashing algorithm.

emc2 coin is dead

i will to bet 37.5 BTC *all that i have* that emc2 died in 2 months.


Bet

emc2 will be take down from least 2 xchanges coming 2 months July 12 2014.
If it happens i win. only 2 needs to take down emc2 *mintpal cryptsy poloniex*

i pay excrow fee Bobsurplus if he want or other excrow i choose.

I bet with 1 or many

LOL, its sunday night.. Someone will be around soon with an update!

it's getting so quiet in here ...

Dev, we need some updates

Lets change algo to scrypt-n
and merge mining with VTC

not false there

Charts here: http://crypto-prices.com/EMC2

Markets are made up of speculators.

If the majority of the market think that scrypt coins are on the way out, and other algorithm-type coins are a more healthier investment, prices for scrypt coins will fall and prices for other algorithms will rise or at least hold their values a lot longer.

Other algorithms are not just different in name, they are not all a gimmick. You do have certain benefits i.e...more secure, less power consumption etc which do make them more appealing to mine and to invest.

I implore you, not as a miner but as your biggest pool operator, to implement an algorithmic change to keep up with the changing crypto-currency landscape.

Remember, speculators make up the value of the coin, you might have a fantastic brilliant idea (which you do) but that will not be enough to maintain this coin.

You may think that doing nothing is the best course of action, but in dynamic market, sitting still might be the absolute worst thing you can do.


JMO

I want some of those coins!

Time to get to work!

Something more...
http://bitcoinmafia.com/other-altcoins/what-is-einsteinium-coin/big-einsteinium-giveaway-begins-weekend/

This is something I will be doing using my own coins. I will not be using the foundations funds.

I am stuck inside all day with allergies, and also working on something for the foundation. Your science stories on reddit will be a nice distraction while I take breaks.

Tell your friends...I have a nice stack of coins ready for tips. It is time to grow our reddit community.

big news