All I keep hearing is "make digibyte attractive for miners". How about you making it attractive for investors? Do you really think that 99% of potential merchants and users have even heard of merged mining?
In my opinion all this algo switching and merge mining is a complete waste of time and resources. Bitcoin is fine being mined by asics and the same think would have been fine for DGB as well.
We absolutely want to make DigiByte attractive for investors. But our #1 priority right now is security. Without decentralized mining a network becomes more and more vulnerable to attack. Look at Bitcoin the last two days. Ghash.io with ASICs has had upwards of 47% of the entire Bitcoin net hash.In my opinion all this algo switching and merge mining is a complete waste of time and resources. Bitcoin is fine being mined by asics and the same think would have been fine for DGB as well.
https://bitcointalksearch.org/topic/is-bitcoin-about-to-be-51ed-644592
As ASIC mining becomes more centralized with Bitcoin, Bitcoins days could be numbered. Multi-Algo is the fairest & most secure approach around right now. We are making this decision with long-term success in mind.
Once again, we are going to hold off on merge mining for the time being.
"Bitcoins days could be numbered"? Mate, don't fool yourself Bitcoin is here to stay and will do what is necessary to stay on top. If DGB can implement multi-algo, what would stop Bitcoin from doing that if it was needed? I am sure you have watched that interview with Andreas Antonopoulos where he mentioned Myriad. Don't overplay the ASICs card. ASICs should get more and more affordable in the future and more people will own one. You don't fight technology, you embrace it. ASICs perform the same task as GPUs just a lot more efficiently.
