Man this x11 shit is overrated, it's just quarks 6 and qubitcoins 5 hashing functions copied and pasted together. Nothing new.
Please look behind you. There's the door.
Topic: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork? - page 9. (Read 12805 times)
March 30, 2014, 08:47:38 AM
Please look behind you. There's the door.
March 30, 2014, 08:44:30 AM
ASIC miners are devoted to securing the blockchains that use the type of hashing their ASIC is built to mine.
Thus scrypt ASICs mean all scrypt coins can all be secured, up to whatever the limit is of how many chains can effectively be merged mined together.
So far the limit to how many can be merged has not been found. But admittedly hundreds might be too many to be practical.
Nonetheless most likely all scrypt coins worth bothering with can all easily be merged at once.
Only those that are incapable or unwilling to implement merged mining need suffer, all others stand to gain much security, which in turn should lead to much more value, at least once initial mining of coins slows down or stops or once enough years have passed to make even constant steady minting amount to only a small amount of inflation of the coin supply.
-MarkM-
Thus scrypt ASICs mean all scrypt coins can all be secured, up to whatever the limit is of how many chains can effectively be merged mined together.
So far the limit to how many can be merged has not been found. But admittedly hundreds might be too many to be practical.
Nonetheless most likely all scrypt coins worth bothering with can all easily be merged at once.
Only those that are incapable or unwilling to implement merged mining need suffer, all others stand to gain much security, which in turn should lead to much more value, at least once initial mining of coins slows down or stops or once enough years have passed to make even constant steady minting amount to only a small amount of inflation of the coin supply.
-MarkM-
March 30, 2014, 08:39:36 AM
Yes. I think x11 is better.
March 30, 2014, 08:29:12 AM
Also because what you are basically proposing is to make the blockchain less secure.
All so that botnet operators can continue to profit from it using hijacked commodity computers.
-MarkM-
All so that botnet operators can continue to profit from it using hijacked commodity computers.
-MarkM-
Botnets can both mine Scrypt and X11, that doesn't change.
And less secure? Since there are no ASICS for X11 available, there's no danger they will overthrow the network against the massive amount of GPU miners.
March 30, 2014, 08:20:27 AM
I won't change client and won't support the hardfork. I don't want LTC to be ASIC resistant. LTC needs more hashpower to protect itself.
March 30, 2014, 08:18:59 AM
Also because what you are basically proposing is to make the blockchain less secure.
All so that botnet operators can continue to profit from it using hijacked commodity computers.
-MarkM-
All so that botnet operators can continue to profit from it using hijacked commodity computers.
-MarkM-
March 30, 2014, 08:15:45 AM
This is so funny. LTC is not about to hard fork. Get real jr member.
LTC can't be hard forked, can it?I don't know. Who can explain more ?
Hardforking LTC is actually the easy part.
The hard part is to get a majority of the pools, exchanges, shops and users to use the new hardforked client.
We are now working on the hard part.
It's hard because no one want to change, and what's you doing is nothing new.
March 30, 2014, 08:09:35 AM
This is so funny. LTC is not about to hard fork. Get real jr member.
LTC can't be hard forked, can it?I don't know. Who can explain more ?
Hardforking LTC is actually the easy part.
The hard part is to get a majority of the pools, exchanges, shops and users to use the new hardforked client.
We are now working on the hard part.
March 30, 2014, 07:58:45 AM
This is so funny. LTC is not about to hard fork. Get real jr member.
LTC can't be hard forked, can it?I don't know. Who can explain more ?
March 30, 2014, 07:32:35 AM
This is so funny. LTC is not about to hard fork. Get real jr member.
March 30, 2014, 07:17:04 AM
Please bitch, do it!
March 30, 2014, 07:03:14 AM
make your own fucking algo dipshit, stop copying other coins!
LTC copied the Scrypt algorithm from TeneBrix, so I don't see why we couldn't use X11 for the hardfork.
March 30, 2014, 06:58:28 AM
make your own fucking algo dipshit, stop copying other coins!
March 30, 2014, 06:57:18 AM
Man this x11 shit is overrated, it's just quarks 6 and qubitcoins 5 hashing functions copied and pasted together. Nothing new.
Would you suggest another algorithm for the Litecoin hardfork to make it ASIC resistant?
March 30, 2014, 06:56:00 AM
Man this x11 shit is overrated, it's just quarks 6 and qubitcoins 5 hashing functions copied and pasted together. Nothing new.
March 30, 2014, 06:43:16 AM
Update 4/2/2014:
After much deliberation our team has decided not to continue this project.
We'll put our support and energy in supporting and buying X11 coins as we believe this is the algorithm for 2014.
We wish Charlie, the team and the community all the best for LTC.
Best regards,
(no longer) the LTC to X11 hardfork team.
================================================================
We are the Litecoin X11 hardfork team.
We are working on hardforking LTC to X11 algorithm at block ~564,480.
This poll is to gather information about the support for this hardfork, as we can't do this without the community, pools, exchanges and shops.
Main topic:
https://bitcointalksearch.org/topic/unofficial-ann-litecoin-ltc-to-x11-algorithm-hardfork-549572
Please vote and/or give your opinion.
After much deliberation our team has decided not to continue this project.
We'll put our support and energy in supporting and buying X11 coins as we believe this is the algorithm for 2014.
We wish Charlie, the team and the community all the best for LTC.
Best regards,
(no longer) the LTC to X11 hardfork team.
================================================================
We are the Litecoin X11 hardfork team.
We are working on hardforking LTC to X11 algorithm at block ~564,480.
This poll is to gather information about the support for this hardfork, as we can't do this without the community, pools, exchanges and shops.
Main topic:
https://bitcointalksearch.org/topic/unofficial-ann-litecoin-ltc-to-x11-algorithm-hardfork-549572
Please vote and/or give your opinion.
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