when scrypt asics are predominant, merge mining LTC and DOGE will benefit both currencies. This is something to seriously consider for the long term survival of these two scrypt coins, and any other scrypt-based mineable currencies that need blockchain protection.
Topic: Litecoin Creator (Charlie Lee) Recommends Merged Mining with Dogecoin - page 2. (Read 5676 times)
April 07, 2014, 11:48:40 PM
April 07, 2014, 11:16:35 PM
one really stupid move for litecoin.
If we're talking game theory here, it would be more beneficial to both parties if Dogecoin just changed algorithms to something like Keccak or Groestl. The merged mining alternative would be a negative to both groups, not LTC or DOGE alone.
On the other hand, Litecoin is not going to benefit from ASIC. The entire network will be controlled by KNCminer, and they will be heavy dumping to try and make return on their outrageously expensive investments.
I don't really see any reason for LTC price to be increasing during this phase unless it latches onto BTC for another bull run.
April 07, 2014, 11:14:17 PM
you will see when your RIG's become worthless. somehow it should change to nScript
April 07, 2014, 10:21:13 PM
I told Jackson this a while back ago. Well before the sf meet
feb 26th to be exact
feb 26th to be exact
April 07, 2014, 10:03:34 PM
El Dudeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee,
Glad to see you made it to the party.
So what's your take on Litecoin's founder recommending merged mining with Dogecoin?
I wuz like WTF?
Dogecoin Community is all up in arms against it, so I don't think it will happen.
But I'm curious about your take on Charlie Lee's recommendation.
What he can say? Glad to see you made it to the party.
So what's your take on Litecoin's founder recommending merged mining with Dogecoin?
I wuz like WTF?
Dogecoin Community is all up in arms against it, so I don't think it will happen.
But I'm curious about your take on Charlie Lee's recommendation.
He said everything already...
That's quite funny how fast crypto reality evolves. Do you remember all this senior/hero predictions about Doge made 3 months ago?
April 07, 2014, 07:53:38 PM
LOL LTC shills are running rampant on r/dogecoin as to how good this is for Dogecoin. Hats of to Charlie really, he can sell ice to eskimos. One of the most bizarre things this year is how smoothly scrypt asic is all of a sudden a security requirement to run the network safely. Silver to Bitcoin's gold lmao.
I understand that coblee has now rescinded the offer. Surprised it happened the same day. I predicted it would happen after splitting the entire dogecoin community and or getting them over to litecoin first then completely dumping dogecoin for some reason down the road.
I understand that coblee has now rescinded the offer. Surprised it happened the same day. I predicted it would happen after splitting the entire dogecoin community and or getting them over to litecoin first then completely dumping dogecoin for some reason down the road.
April 07, 2014, 05:31:05 PM
El Dudeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeeee,
Glad to see you made it to the party.
So what's your take on Litecoin's founder recommending merged mining with Dogecoin?
I wuz like WTF?
Dogecoin Community is all up in arms against it, so I don't think it will happen.
But I'm curious about your take on Charlie Lee's recommendation.
Glad to see you made it to the party.
So what's your take on Litecoin's founder recommending merged mining with Dogecoin?
I wuz like WTF?
Dogecoin Community is all up in arms against it, so I don't think it will happen.
But I'm curious about your take on Charlie Lee's recommendation.
April 07, 2014, 03:49:49 PM
Litecoin is doomed to RIP anyway so ..
Thanks to coblee! 
So again, why is LTC doomed?
Because it was meant to lock out ASICs, now it has ASICs and the devs either can't change it without breaking the coin or were bought off.
Were ASICs a problem for BitCoin? Everyone speaks about securing the network and then they speak about how ASIC centralisation is wrong. I thought ASICs were overpriced (at least those for LTC) and basically useless - you can at least sell the GPUs.
LTC has an experienced development team
Open Chinese exchanges
Largest capitalization after BitCoin
pointing out facts ? you can't do that here.
April 07, 2014, 03:46:47 PM
So many trolls spreading so much false info.
April 07, 2014, 02:34:42 PM
What people seem to forget: Maybe Dogecoin community doesn't want to merged mine together with LTC.
That's actually the overwhelming response so far from the /r/dogecoin community. They are viewing this as some kind of desperate attempt by Charlie Lee to help LTC sustain itself in the coming years. Not sure I completely agree with them.
They also think it's a permanent merge, which is odd.
April 07, 2014, 02:24:23 PM
Both coins should halve in price I guess after merging. With the same hash power you'll be mining X doge and Y litecoin instead of only mining either X doge or Y litecoin.
April 07, 2014, 02:15:13 PM
one really stupid move for litecoin.
A really smart move for litecoin imo.
A really stupid move for litecoin.
April 07, 2014, 02:11:09 PM
How about if merged mining is implemented and at the same time both Litecoin and Dogecoin also implement Scrypt-N to make GPU miners happy?
April 07, 2014, 12:15:55 PM
Litedoge needs to come together.
If the Doge team think that its LTC showing weakness i think that's a mistake.
I always looked at it that LTC was helping Doge ?
If the Doge team think that its LTC showing weakness i think that's a mistake.
I always looked at it that LTC was helping Doge ?
April 07, 2014, 11:22:26 AM
Litecoin is doomed to RIP anyway so ..
Thanks to coblee! So again, why is LTC doomed?
Because it was meant to lock out ASICs, now it has ASICs and the devs either can't change it without breaking the coin or were bought off.
Were ASICs a problem for BitCoin? Everyone speaks about securing the network and then they speak about how ASIC centralisation is wrong. I thought ASICs were overpriced (at least those for LTC) and basically useless - you can at least sell the GPUs.
LTC has an experienced development team
Open Chinese exchanges
Largest capitalization after BitCoin
BTC survived ASICs because it was the first, and its hashrate distribution is already a disgrace. The whole point of LTC was to lock out ASICs, without that, it is nothing, just a waste of a blockchain.
April 07, 2014, 11:27:34 AM
Quote
BTC survived ASICs because it was the first, and its hashrate distribution is already a disgrace. The whole point of LTC was to lock out ASICs, without that, it is nothing, just a waste of a blockchain.
Excellent point. The Dogecoin DEVs seems to believe that ASIC's will be the second coming. They fail to realize that ASIC's will be controlled by a very few.
April 07, 2014, 11:09:43 AM
In regards to Charlie Lee's recommendation, here's a top post from one of the top threads on /r/dogecoin
[–]GoodShibe
It's a great idea. if you're Litecoin looking to take down an upstart.
http://www.reddit.com/r/dogecoin/comments/22f20o/of_wolves_and_weasels_day_89_moolah_and_merged/
[–]GoodShibe
It's a great idea. if you're Litecoin looking to take down an upstart.
http://www.reddit.com/r/dogecoin/comments/22f20o/of_wolves_and_weasels_day_89_moolah_and_merged/
April 07, 2014, 11:02:40 AM
Quote
Were ASICs a problem for BitCoin? Everyone speaks about securing the network and then they speak about how ASIC centralisation is wrong. I thought ASICs were overpriced (at least those for LTC) and basically useless - you can at least sell the GPUs.
LTC has an experienced development team
Open Chinese exchanges
Largest capitalization after BitCoin
The feeling on /r/dogecoin right now (whether right or wrong) is that Charlie Lee sees something troubling on the horizon for LTC with the coming ASICs and is proposing the LTC/DOGE merged mining primarily for the benefit for LTC.
I don't agree with their opinion though.
April 07, 2014, 10:54:10 AM
Litecoin is doomed to RIP anyway so ..
Thanks to coblee! So again, why is LTC doomed?
Because it was meant to lock out ASICs, now it has ASICs and the devs either can't change it without breaking the coin or were bought off.
Were ASICs a problem for BitCoin? Everyone speaks about securing the network and then they speak about how ASIC centralisation is wrong. I thought ASICs were overpriced (at least those for LTC) and basically useless - you can at least sell the GPUs.
LTC has an experienced development team
Open Chinese exchanges
Largest capitalization after BitCoin
April 07, 2014, 10:51:14 AM
Litecoin is doomed to RIP anyway so ..
Thanks to coblee! So again, why is LTC doomed?
because of people that make stuff like (C.A.T.) Cryptsy Auto Trader lol
i see your Dogecoin program link in your sig then CAT listed for sale on that page with a Reddit page link lol
Selling a bot and supporting Doge coin and posting coin bullshit on Reddit = gay.
but you will of course come here and spout of about doing the right thing while no one is looking then do the opposite right ?
oooh those damn scam coins i hate them so much !!!!
pss, hey (whispers).. where is the Flappy coin or My Little Pony wallet download link
hahaha HypocriteTalk.org
I don't get it. Why are you talking about what is the right thing to do? Are you talking about me emptying my doge pockets when it was 240 satoshi? I didnt have 1 trillion so I hardly believe it moved the market a bit.
Jump to: