Topic: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork? - page 5. (Read 12805 times)

quark is a clone of sif coin.

SHA-512 quantum time travel coin coming with special Doge/Horse coin time travelling ability (we will be hashing Bitcoin Blocks with SHA-512 as an extra "seal" to process the minty goodness   

I'm with Charlie on this...

These guys were actually coding back when more than half of this forum was still wearing diapers

I mine x11 because its less heat, less electricity and better for the environment....

Why would I keep going with scrypt when there is something better? I don't care where it was ripped quark etc..it has tangible benefits and can achieve the same results as scrypt with less electricity, heat etc...

Sure its not ASIC proof and again there is no such thing so why harp on about it?

Here is a shocker:

dumb idea.. X11 is a rip off of Quark's algo with a couple more *pointless algo's tacked on just to say it's different.
and it also would not help anything either.. X11 is asic vulnerable and insecure and a rip off Quark / Secure coin etc
What you should have asked is should it be changed to Quark's algo (which was made way before the copy cat scammers came along)

the fact you asked shows me you have enjoyed been fed X11 propaganda lol
ease up on the Purple Kooliad and when they tell you to put on the Nike's to get ready for a space journey to the home world on Hale bop.. just say no and run
and no i don't expect 98% of you to get what i said either.. Reddiots are too busy tapping and swiping in class these days to learn much
#everythingwedoisamazing1111

Litecoin now stands on the 2nd place behind Bitcoin, it is very difficult to surpass Bitcoin even ASIC comes.
ASIC will make Litecoin lose more supports, and in the end only people with ASIC will mine this coin.
Look at current situation, coins such as Darkcoin, etc are taking the place of Litecoin if this problem is not solved.
Litecoin has long been following Bitcoin, and Bitcoin is kind of protecting Litecoin, because whatever problem happens will happen in Bitcoin first.
However, this time will be different.
Bitcoin do not need to be changed after ASIC comes doesn't mean Litecoin can follow it.
If Litecoin do not make a change, the 2nd place will be largely questioned.

I see people saying: "Litecoin will gain value after ASIC comes, because Bitcoin gain value".
The reason Bitcoin gain value is because it is the No.1. All altcoin prices are basically based on it.
How about Litecoin? I don't think so.

A fork pretty much means the end of the crypto world as everyone would loose trust and no new money would come into crypto. I certainly would sell all my Bitcoins and Dogecoins as a they will be next in line. So far about 400 coins have copied litecoin, so something must be right. Miners seem to forget that someone has to buy the coins they want to sell. Litecoin is what it is if someone is not happy there are a lot choices available in this free world. 

I would support X11 because of it's energu efficiency

ASIC market is one of the most fucked up businesses that I've ever seen. By preordering some of these, you are supporting one of the two models of businesses:

1. Selling non-existent stuff
2. Selling miners with several months of delay in delivery, when company is "testing" your miner

It's not about securing your wallets, but about making as much money as possible and throwing you some scraps at the end.
How your wallet could be secure if some Chinese chip/miners vendors can easily accumulate such enormous hashpower in one (or several) hand?
Especially I mean recently invented products, that most of the people couldn't obtain.
Of course, there are GPU farms, but they are using the same hardware as anyone can get and run.
Does it sound better than dispersed, world-wide hashrate? Maybe X11 is not perfect, maybe we could find another efficient algo.
Also, don't forget about DDR6 memory that is incoming.

Finally: do you, LTC holders, think that people would invest more $ in your coin because of the higher hashrate?
1. LTC is not the only scrypt coin, like BTC was only one serious SHA-256 coin 2-3 years ago. ASIC farms bouncing on multipools most profitable ports won't be devoted to secure LTC blockchain.
2. Common altcoin trader would't give a fuck if he will see massive dump of coin (ROI is most important part of the mining business, especially that ASIC miner in short period of time could become useless and there will be no resell possible).

We understand, Litecoin is too big to hard fork, but please don't be naive and expect that ASICs will make your price rise, like it happened to BTC. BTC was the first, the coin from which everything else started, so ofc when ASICs happened it wasn't damaged too much.
But Scrypt was created to be ASIC resistant in the first place, AND it's just one of the followers. So why would big investors keep investing in hardware to help strengthen Scrypt when they can do the same more reliably for SHA256?
Everyone who's buying Scrypt ASICs now is doing it purely for profit reasons, to be the first ones to rape the coins with huge computing power. And they will lose, because when they will receive them the network difficulty will already be well beyond profitability, because the ASIC companies will be "testing them" for a long while before shipping:
http://www.reddit.com/r/Bitcoin/comments/2182nb/kncminers_ceo_sam_cole_dumping_bitcoins_worth/

Good blurb. Also I believe ASICS themselves aren't the problem, its that they make building a farm 100x easier as they're plug and play compared to rigs. Merged Mining should become norm as they do indeed just secure the blockchain of other coins and you get some more coins xD

+1
Leave litecoin alone you greedy scammers.
As for changing algo each time specialised ASIC will be created, it is pure BS scam idea.
I don't trust you, you can be easy bribed by some FPGA/ASIC holder and switch algo to the one which, he will be ready to mine with his equipment.

+1

Great response.

Here's our response: https://litecointalk.org/index.php?topic=18166.0

Seems reasonable,  but you would certainly need to get the exchanges on board,  and show that the majority want it.

Maybe you should make an LTC X11 foundation ha ha.

I pretty much never post anything on here but because this is possibly the most retarded thing I've seen in a while, I felt compelled to.

The only possible reason that anyone would vote yes is because they are Litecoin hating trolls. Which is fair enough. However, if you actually voted yes and like/hold LTC, you should immediately delete all your wallet.dat files and burn your computer. You may as well, because it would destroy the price of LTC overnight and probably make anyone that has invested in (all) crypto-currencies lose faith instantly!

As many people have suggested on this thread, If you are determined to keep on mining with a gpu or cpu (or you're god damn botnet) then just mine vert, dark or whatever coin takes your fancy.

Wow, if people are actually thinking this is a good idea, then there is no hope left for humanity  

I voted no, surprisingly  

You do realize that x11 is no where near memory intensive as scrypt which makes asic design that much easier, then what, another fork?
At the moment people love x11 because the public miners are very much unoptimized which keeps their GPUs cool, but not for long.