Thank you for your answers and congratulations on your team.
I don't have any ASIC equipment. I do have around 3Mh/s rig, but I'm guessing that 5 minutes after launch, my hashrate will be insignificant and not profitable to mine. So I'm wondering how's that being more available to everyone.
You may find hard to tell, but Im kind of anti-ASIC type of person
In your opinion, what's good about ASIC's and is a good idea allow them in the cryptocurrencies? I mean, I'm loving the concept of Midas, but still, I found ASIC's just evil.
Omfg really? It isn't LESS available to people because of the scrypt algo. What you really mean to say is:
"I am upset because i have a big rig that i spent a lot of money on that was made useless for scrypt mining by the introduction of scrypt asics and it isn't any fair that people get more coins than me."
You can either keep up with technology or you should just start saying "back in my day"
How are asics any more or less evil than some guy who had a 3mh/s rig. That rig was the equivalent of asics if you built it at the right time, which makes my statement about what you REALLY mean all the more true.
If you can't tell, i am really an anti-anti-asic type of person
What you really mean to say is:
I don't give a shit for decentralization of power and control (or didn't even bother reading about it). I'm in cryptocurrencies not for its initial philosophy. I'm here for profit. Just like banks.
Well, I'm not, I prefer lose all my investments trying to help the people that wants do something good with crypto's rather then then making fast money or chasing profit. I don't need money that much.
You may think whatever you want. I bought my 4 gpu rig 6 months ago. Could easily bought an ASIC.
I have made my research about asic. Depending why you are here, maybe you should too.
ASICs tend to centralize the mining efforts into small, well-funded groups. These groups have a different set of interest then the rest of us. If well-funded ASIC mines dominate the mining landscape, they will take on the role of central banks and leave us exactly where we started. We will be held hostage and forced to pay higher and higher transaction fees.
The dynamics of ASICs concentrate the power in the hands of ASIC manufacturers in particular. The only sensible business model is:
-Take your money in pre-orders;
-Mine with their inventory until the difficulty renders the chips nearly useless;
-Send them to you, letting you mine a little before they become obsolete.
Anything else is a business suicide. Why sell a $200 miner when you can pull $2000 out of it mining first? Just do both.
As any parasite, the smart businesses don't want to kill the host, so you will get to do some mining after waiting 6 months. Just not very much, and before long you will be trying to sell your gear on EBay while you are waiting for the next generation ASICs.
Note: I'm not looking for conflicts. This is my (and other) view about asic. Also, its not an attack to this coin, which I believe as some great futures. Something rare nowadays.