The type of new alt-coin we really need - page 2.

Peleus

member

Activity: 112

Merit: 100

Quote from: mg27341 on April 17, 2013, 08:07:58 PM

Quote from: Peleus on April 17, 2013, 08:05:30 PM

Why.

At the very least to even the playing field. Everybody has a computer or two in their house and chances are they are not an order of magnitude apart in performance, as is true of video cards. Also, there will be less "cheating" by pros, because the playing field will consist of only one type of player - the CPU.

It's not an even playing field.

- What about those who have 2 computers in a house instead of 1?
- What about those who have access to a network of computer (100's) instead of your home?
- What about those with thousands of computers on a botnet?

- How is it currently not an even playing field when you can currently go and buy a graphics card?
- Why is requiring you to buy a graphics card more unfair that requiring you to buy a CPU?
- How are pro's "cheating"?
- How are pro's prevented from cheating if limiting it to only CPU?

Your notion of fairness is retarded.

Quix

full member

Activity: 174

Merit: 100

It would have to sigificantly different from bitcoin because the whole hashing idea doesn't work within your requirements.

relm9

hero member

Activity: 840

Merit: 1000

Quote from: mg27341 on April 17, 2013, 08:07:58 PM

Quote from: Peleus on April 17, 2013, 08:05:30 PM

Why.

At the very least to even the playing field. Everybody has a computer or two in their house and chances are they are not an order of magnitude apart in performance, as is true of video cards. Also, there will be less "cheating" by pros, because the playing field will consist of only one type of player - the CPU.

Also, you can do more interesting stuff like SHA3 for example as the hash (but still using an scrypt like scheme).

Don't see how it levels the playing field. People with access to server farms would have a huge advantage, for one.

iamrickrock

sr. member

Activity: 476

Merit: 250

If it can be done I would like to see it at least tried.

str4wm4n

legendary

Activity: 1611

Merit: 1001

I think this is a good idea

mg27341

newbie

Activity: 28

Merit: 0

Quote from: Peleus on April 17, 2013, 08:05:30 PM

Why.

At the very least to even the playing field. Everybody has a computer or two in their house and chances are they are not an order of magnitude apart in performance, as is true of video cards. Also, there will be less "cheating" by pros, because the playing field will consist of only one type of player - the CPU.

Also, you can do more interesting stuff like SHA-3-1024 for example as the hash (but still using an scrypt like scheme).

speeder

hero member

Activity: 994

Merit: 501

PredX - AI-Powered Prediction Market

Quote from: Peleus on April 17, 2013, 08:05:30 PM

Why.

Peleus

member

Activity: 112

Merit: 100

Why.

mg27341

newbie

Activity: 28

Merit: 0

Basically something like litecoin, but with the following two characteristics:

1. GPUs should be no better at it than CPUs and hopefully worse.
2. It has to be absolutely FPGA and ASIC proof.

Litecoin had the right idea, but didn't go far enough. The way to really make this happen is to use something like scrypt, but have it access far more memory than is used by litecoin, by tweaking the scrypt params. That way GPUs will not be able to run a gazillion threads, because at least for the foreseeable future video cards will not have enough memory to support them.

Let me know what you guys think...

Topic: The type of new alt-coin we really need - page 2. (Read 1533 times)