Topic: The Cypherfunks[FUNK]: a coin for a global band! Talking v2. Join! 80+ songs - page 79. (Read 148747 times)

No single algo is ASIC resistant by default, as a piece of hardware can be developed to support a single algo with relative ease, and X11 uses Blake as one of its 11 rounds - and is still super-fast. Almost 3 x the hash rate you get on scrypt and that at ~50% power usage and heat production compared to it too thanks to the small gap between hashing rounds - it can be mined in summer even in the hottest climes!

@simondlr

Just found this: http://wallet.ltc.pe/

The source code is Open Source, and the dev actively encourages pull requests to support more coins, so what do you think? The site's not great looking, but we can easily fix that!

EDIT: Got it up and running in minutes! The whole thing seems to work flawlessly so  far. Just tested deposits, and it's really simple. This could very well be exactly what we need - just with a custom Cypherfunk style!

Well Cryptorush is working atm, although very slow.  I was able to make withdrawals.  I've been reading bad things about them all day.  Anyone know if they are trustworthy?

As for changing algo's, it seems like any change would be just putting off the inevitable.  I can't get scrypt-N to work with any of my mining rigs.  I've read that I need to have 4 gb ram, but I only use 1 gb because it's not necessary with scrypt.  I may give it another try, but after a few hours I said screw it.  I really like Blake-256.  It's super fast and I think it's Asic resistant.  I'm sure it would be a PIA to change to it though.  If there were to be a change, I guess I would say do it now so only a few people are affected.  I would sure hate to lose all my FUNK though

I think it's important to consider that we aren't a pure crypto-focused coin. Some coins can easily do hard-forks and get the community to switch because they are the people that are heavily involved in the crypto scene. I've donated FUNK to people that would be pissed at me for telling them to switch to a new wallet, because of some "technical" change in the background. They won't understand it. An example of this was Dogecoin's difficulty to get people to switch to 1.6. A large portion of Dogecoin's base is non-crypto.

It's also important to consider changes carefully. The more it changes the more effort it is: especially for the non-crypto people involved in the community. I'm still not sold on scrypt-N (asics are coming out that have changeable parameters precisely for that). Scrypt-N is also a memory hog, that could possibly make it unfeasible for the average joe to stay on board [more energy for less proof-of-work], resulting in unprofitable equipment. X11 does sound interesting (power saving for one), although it, in itself is also not ASIC-resistant as each algo is ASIC-able.

It doesn't say much of a coin that changes willy-nilly and makes previous holders of FUNK unable to use their currency. There's no silver bullet. For example, while KGW enables faster diff adjustments, but it is not so SPV-friendly. It drains battery substantially more (which I've discovered now while developing the android wallet). While there's no clear silver bullet, I'm wary to change unless it is absolutely necessary.

I suspect once we have web wallet support, the crypto-side of the project (miners and early adopters) can change more fluidly (changing reference and light wallets), but now it is a bit more difficult.

To conclude. We are heavily involved in the crypto-side. We love figuring out the nitty-gritty and keeping up to tabs on the various algos. It's fun! But this community encompasses soooo much more. Technical aficionados (like us), musicians, fans, speculators, etc. It's probably the first crypto-focused project that by definition is MORE than just a coin. I suspect we will see a lot of new projects follow our lead. Part of this means keeping it as user-friendly as possible. There are ways to make it easier though (if we do want to change in the future). I'm going to try and include a notification feature.

We don't need to change unless it is extremely pressing. We should rather focus on community building (tipping, telling musicians about it, etc) and infrastructure development (more exchanges, more innovative service, more projects). It's perhaps more difficult and requires more hard work, but the reward is so much greater. A community of awesome people, making awesome music with people across the world.

That's my perspective. And it shouldn't be the defacto one. So what do you guys think? Thoughts?

btw. n00bnoxious. Need to send the tipbot bounty to you.

^ This - don't leave it until we're on a bunch of exchanges and pools, as they'll all have to upgrade their wallets. I'm firmly in the X11 boat. scrypt-N and scrypt-jane are also options, but they're being so heavily adopted that I can see them being the next target for ASIC manufacturers. So far there are only a couple of X11 coins, and the algo is soooooooo much easier on GPUs - like a 50% power saving on scrypt-anything. Another one to consider could be Keccak as the amount of memory required for a hash can't be predicted, but there are a number of magic params I think that if we get wrong could make things go the wrong way entirely.

I think there should be some serious consideration about switching the hashing algorithm before the Scrypt ASICs come out.

While the community is still young and we are on minimal exchanges we should do a hard-fork to Scrypt-N, Scrypt Jane, or X11 since we won't have to do a mass effort to reach out to a bunch of exchange operators or an overwhelming community base. Everything is tight-knit right now.

From what I'm reading, Cryptorush is gone for good.  Even if it were to somehow come back for a bit, I will be withdrawing everything as quickly as possible.  So we definitely need a new exchange.

Yes, Cryptorush had barely been working for two days.  Really slow.  Then last night and today it's down due to a hack.  I have a lot of everything there, including BTC, LTC, and about 20 million FUNK. Hopefully they get it working soon.  Otherwise, I've had good experiences with them.

I've been impressed with Mintpal also, but I haven't traded there in a few days.  Atomic Trade is very good, but newer so not many trading pairs.  Some well respected devs I know are friends with the owners so seems trustworthy.

There is also a new exchange in the works here in the US being put together by some devs.  I can't remember the name right now, but I'll post it later.

It seems like CryptoRush isn't doing the best in terms of trust lately... I advise everyone to keep voting on MintPal. But it seems MintPal is acting weird.

What other option should we go for? Swisscex? https://swisscex.freshdesk.com/support/discussions/topics/1000010155

btw. Started on the Android wallet!

Thanks Cryptokk!

Already some offers

• lg73E1mq9QAwQkWh0sdhOSwM7qB
• Selling: 20000 FUNK
• Buying: 0.0072 LTC

• lg73E1mq9QAwQkWh0sdhOSwM7qB
• Selling: 5000 FUNK
• Buying: 5000 ZEIT

• SBpiHR0kbpRj8M5HfSF1FCr
• Selling: 0.05 LTC
• Buying: 10000 ECC, 100000 FUNK, 15000 ZEIT

• SBpiHR0kbpRj8M5HfSF1FCr
• Selling: 0.01 BTC
• Buying: 500000 FUNK, 500000 ZEIT

• k9McWP2IdzE5TuL0ITCy7JoQdQJs
• Selling: 5044.95 FUNK
• Buying: 10 HIC

It's a possibility. It's a tad expensive though. I'm keen to learn how to make one anyway, so I'll try and do it. It might take longer, but it's free and I learned new skills.

btw, guys. As an aside. I recommend to still keeping voting on Mintpal as well: https://www.mintpal.com/voting. Would be great to mitigate the risk.

These guys specialize in making Android Wallets. May or may not use them?: https://bitcointalksearch.org/topic/ann-raxeio-secure-and-private-software-development-528289

Cool, thanks!

Awesome! Ill try looking for some graphic designers

Bit busy right now, but managed to get the tipbot started with the help option...

@n00bnoxious: did you get around adding the [what is this?] link to the tipbot?

Plan for this week: starting tipping musicians on reddit (/r/thisisourmusic /r/wearethemusicmakers). Remember to be constructive and helpful first!

What are our other plans for the week? I'm going to start looking into that Android wallet (finally). Been hectic week last week with the interviews. Now it's time to get back to community & tool building.

Yep, it is very cheap right now. . Nascent.

We've been added to Cryptokk for those that are interested in swaps. http://www.cryptokk.com/?p

Thanks bud

It's quite cheap, so I think I will hang on to the ones I have mined so far though, maybe pick up a few more.