Topic: Poll: What is the best solution to the coming Scrypt ASIC problem? (Read 4981 times)

Everyone shut up.. i am the smart one here !

i was thinking of bring this up the other day.. seems like the community is asleep and going to get steam rolled..
i have been saying right from the start that scrypt asics are going to tank scrypt coins and idiots just argue and give me dumb excuses..
they prob have pre-orders and can't want to dump on unsuspecting idiots.. like exchange guys selling mining shares LOL
as usual people bs like crazy to line their pockets..

it's called supply and demand.. if we have a super short period where all of a sudden 100x more scrypt coins are being dumped
and yes they will be dumped.. people have bills to pay ..You don't get a gpu roi unless you cash out
then what happens ?
Well morons have have argued with me for ages that this is going to make scrypt coins 100x higher in value
and that is the dumbest thing i have heard yet and everyone is saying that.
i was surprised to see this topic and someone agree with me, i am still stunned.. finally we have someone speaking that isn't a fucking moron lol

I got me mostly Vertcoin and i am mining X13. <-- did not see any x13 stuff in the Poll list

I did not vote because i want the voting option
- Anything but scrypt (to mine / trade etc)

what would happen if went and dumped 500,000 Bitcoins on BTC-E ? Is that going to drive the price to 10 grand a coin ? lol
asics turn garbage into gold ? oh really ?? 
go look at coinchoose at the list of SHA coins and tell me how awesome they are and how popular and high in value they are..
spoiler alert: they aren't.. they are all fucking garbage no one wants anything to do with.

forking is a good point too, i keep forgetting about that.. this is when the Exchange(s) are going to have step up (and coin dev's cloners)
AND START notifying their customers.. hear me Cryptsy ?

And yeah maybe it will end up good for Litecoin itself but there is far too many scrypt clone coins diluting the market / scene so.. shits going down lol

are you all finally waking up ?

i dumped my scrypt coin holding way back when i seen scrypt asics coming and the whole time since i seen no one agreeing with me..
nothing but dumb excuses at to how they are going to make scrypt coins worth a fortune..
and supply and demand dictates saturating a market is not a magical way of making a rare thing less rare and worth far more
that is just pure raw stupidity big time !

I vote who cares.. just pick something else than scrypt lol

More than likely by June/July they will be here in full force.

We feel a multi-algo approach that allows Bitcoin ASICS, Scrypt ASICS & GPU's to mine is the future!

ASICs are making coins centralized, that is the real problem.  The answer is to start over from scratch with a completely new system.  Lots of 2.0s are trying, none have succeded yet, but I think there is a chance for a coin to come up with a POsomething that will be better than what is currently offered.  If If If we have to stick with centralized mining pools then I guess multiple blockchains that are merge mined, but that is kind of just trying to make a broken system less broken.

Voted "merge with myriad"

Would be a killing to merge your ideas, hashrate and community together + it's really easy with myriad and they are seeking for partners coins to merge

I have voted for : Multi-Algo (MYRAID)

Tell me if I have wrong, but with MYRIAD, each algo will have it's own difficulty right? That's why I voted for this choice...

I like ASICS.  They are so much more efficient than GPUs and allow for proper commercial business plans to be shaped around them.  I think the bigger Scrypt coins will be absolutely fine in this new world just as bitcoin proved to be.  Smaller ones may be run over. 

DIgibyte is a great coin and it is a shame it is not more popular, but it needs more exposure.  There will shortly be an army of unemployed GPU miners looking to mine something and it is worth exploiting this group, just as Litecoin did in 2013 and Dogecoin in the first few months of 2014.  I love Doge, but the future is uncertain and a merge is a big gamble until we know if the coin has legs past January.

I would therefore recommend a switch to something else more GPU or even CPU friendly.  Cuckoo Cycle seems very promising if you want the widest audience possible mining.

Everyone shut up.. i am the smart one here !

i was thinking of bring this up the other day.. seems like the community is asleep and going to get steam rolled..
i have been saying right from the start that scrypt asics are going to tank scrypt coins and idiots just argue and give me dumb excuses..
they prob have pre-orders and can't want to dump on unsuspecting idiots.. like exchange guys selling mining shares LOL
as usual people bs like crazy to line their pockets..

it's called supply and demand.. if we have a super short period where all of a sudden 100x more scrypt coins are being dumped
and yes they will be dumped.. people have bills to pay ..You don't get a gpu roi unless you cash out
then what happens ?
Well morons have have argued with me for ages that this is going to make scrypt coins 100x higher in value
and that is the dumbest thing i have heard yet and everyone is saying that.
i was surprised to see this topic and someone agree with me, i am still stunned.. finally we have someone speaking that isn't a fucking moron lol

I got me mostly Vertcoin and i am mining X13. <-- did not see any x13 stuff in the Poll list

I did not vote because i want the voting option
- Anything but scrypt (to mine / trade etc)

what would happen if went and dumped 500,000 Bitcoins on BTC-E ? Is that going to drive the price to 10 grand a coin ? lol
asics turn garbage into gold ? oh really ??  
go look at coinchoose at the list of SHA coins and tell me how awesome they are and how popular and high in value they are..
spoiler alert: they aren't.. they are all fucking garbage no one wants anything to do with.

forking is a good point too, i keep forgetting about that.. this is when the Exchange(s) are going to have step up (and coin dev's cloners)
AND START notifying their customers.. hear me Cryptsy ?

And yeah maybe it will end up good for Litecoin itself but there is far too many scrypt clone coins diluting the market / scene so.. shits going down lol

are you all finally waking up ?

i dumped my scrypt coin holding way back when i seen scrypt asics coming and the whole time since i seen no one agreeing with me..
nothing but dumb excuses at to how they are going to make scrypt coins worth a fortune..
and supply and demand dictates saturating a market is not a magical way of making a rare thing less rare and worth far more
that is just pure raw stupidity big time !

I vote who cares.. just pick something else than scrypt lol