I would like to make a suggestion, don't implement N-Scrypt until we see the impact ASICs will have. The one advantage ASICs will give to a currency is a more secure network and also people buying ASIC's generally have a lot of money to invest compared to your GPU miners.
I see this as a window of opportunity to get iCoins name out there before they release these beasts onto the market. In many ways this could have a positive impact on the price but it will only
be a few currencies that will benefit from price inflation and I am sure LTC will be one of them.
I obviously believe iCoin price is far too low currently as I have worked out the figures, the block reward halving might help later this but having N-Scrypt as a backup is going to instill confidence
in the community.
Yeah I think that is correct personally. And as you said we have no way of knowing the real impact until it comes. The things with ASICs is that the offer much more power at a lot less cost, and as they have said a lot more network stability.
The big thing n-scrypt offers to current miners with big setups is the possibility of not losing their investment of their current mining hardware. Which is good for personal reasons but i am not sure as a whole for all coins. The N-Scrypt is a big thing right now because everyone is looking for the newest tech as it makes it slightly different from the rest, weeding out all the garbage coins.
I think its imperritive that N-scrypt is ready if it is needed, so its great it is being tested and the dev is actively working on improving this coin makes it 100x better than most coins flat out the gate imho.
Maybe we can get more feedback from the community on the pros and cons of each!
Does n-scrypt offer anything extra in terms of security?
