Topic: Vertcoin - First Scrypt N | First Stealth Address - Privacy without mixer - page 203. (Read 1232754 times)

Meanwhile while all this silent dev crap talk here i am testing electrum vert btw:




Will be out tomorrow...or so...maybe...

Thought I answered this indirectly before, I'll try to be more clear..

You can't tell unless it has a significant impact on the network hashrate, even then it would just be conjecture until an ASIC is publicly available. I think you're misunderstanding the purpose of Vertcoin, we're not a hardline anti-ASIC cult, we're very pragmatic. Vertcoin is about preventing the complete domination by ASICs pushing everyone else out making the network more centralised to huge ASIC farms. There's no way we can just look at the blockchain and know for sure that some factory in China isn't secretly mining VTC on a small scale right now, using their own ASIC design.

Of course if we were to find out that one exists for real, that would be a cause for hard-forking since it is mostly likely a test-run before larger-scale production. But we can't hard-fork every time there is an ASIC rumour..

Go with whatever suits your needs.

This is not a quick pump and dump, this is a long term value investment into the future.

Are you suggesting an alternative method of payment should not focus on merchant acceptance? Wow. You are in the wrong place.

No doubts, but my question I posed before is how do you tell exactly when an ASIC does start to mine VTC?
I may be dense, but the only way I know of is by increased hashrate.
Yet, that can be caused by additional GPU's being converted over to VTC (as im starting to do with the resto of my 12MH).
It can also be that the ASCI is small enough to not make a noticable bump in the global hashrate due to small/limited production runs or distribution.

What's the trick for knowing when an ASIC starts to mine VTC? How do you actually tell?

selective reading

I love how the  mig guy just kind of pretends that he hasn't read our plan for WHEN an asic is made for our coin. He sounds as if we are running a show assuming noone will make asics for it...we are running a show knowing ofcourse someone will make asics for it, and when that happens we will initiate operation hardfork

And that's why I'm still buying, even now. Conservative point of view in cryptoworld (oposite to being: "King of the Blink")

Well that is what etherum and NXT are but they are innovating more than any other coin will ever do. Buying one of them is actually like buying a piece of the next facebook, in my opinion.

Keeping the ASIC out is kind of a joke, said the LTC developers. I was actually looking for reasons to keep them as I have been mining and holding for weeks/months when other coins were spiking all around. As I said I was betting on 2 coins and this one was probably a bad choice. It's in theory, on paper, an excellent one but in practice if the price of VTC climb to 400$ per coin you can be sure of one thing, someone is going to do ASICs that are going to be better than GPU.  But if you like it so much you are more than welcome to by my 20 BTC sell order on cryptsy.

9/10 rewarded with 20 VTC blocks found!
New block breaked by Cnerd! contact me as soon as you can!
Come on you can be the next!

join now at http://vertcoin.mingopool.com . First 10 blocks finders will be rewarded with 20 VTC, not from the pool wallet, will be awarded from the admin wallet!sou you'll receive pool earnings + 20VTC!

Give us some hashes! it will be worth!

TLDR,

90% premine is innovative enough, imho...
(no additional comment needed )

Decentralization boosts the security of the whole network, not just miners. That is the whole idea behind keeping ASICs out.

But really, you look like you're just looking for someone to confirm your idea to sell your coins. Go for it bro. Nobody here cares what you do.

--- IMO ---

Vertcoin has all the "innovation" it needs. What does innovation for innovation's sake add to anything?

It is the coin to replace Litecoin as the Bitcoin alternative. Litecoin if not already will soon be completely under ASIC control, with miners fighting for ever faster asic chipsets and spending hundreds of thousands of pounds on pre-orders for barely roi equipment.

Darkcoin - currently in its PnD and Hoarding stage owing to the masternodes - has the issue that it is likely never to be accepted outside of underground and shady establishments - where IMO Monero offers a far more adult and realistic solution to the requirement for anonymity.

Blackcoin - The definitive PoS coin of the time, is only kept alive because of the endless and tireless efforts of those associated with the projects such as hiring PR and the multipool, I have generally not seen much in the way of Blackcoin usage outside of trading or campaigns as yet.

Dogecoin - same fate as Litecoin, albeit with a better community - it will be interesting to see what happens in the longer term.

Myriad - A very innovative coin I think we can agree - But there doesn't seem much in the way of widespread support or acceptance. Its potentially trying to solve an issue that Vertcoin already solves - and in some ways, it was never written to be such.

ReddCoin - Vying for the social space that dogecoin inhabits - but ultimately of little value outside of the tipping circles.

--------

With vertcoin, we have an established coin with a clear Message - "BEAT ASICS", a strong community that are behind this message. Competant and active developers (what other coin this year has launched an entirely other coin to help with the future development of the main coin?)

It has all the makings of a great future. And I am so far, entirely optimistic of its future.

in my opinion most friends are nervous because at the moment other coins are awesome pumped and VTC not one of those coins

soon if we see a huge pump, all will be back in say
- VTC is number 1
- VTc is the future
- VTC is the best
- ....

and so another 400 pages in this topic

 

Sorry if I came harsh but answers like "Go read the past 400 pages" just won't cut it, and makes me tilt to no end. I have been lurking on and off the vertcoin forums for quite some time and just don't see much going on in term of worthwhile innovation. I get it now, this coin is focusing on miners instead trying to be user friendly and most of the replies just proves it. I have been a miner for long time and like to see innovation. I had only had 2 coins for the past 3 months, VTC and DRK.

When I look at it from a user perspective, VTC doesn't offer much really. And when you say, it's the merchant that matters, in reality, if all merchant accepted VTC, you price would be 10x lower. I have been mining VTC in the off chance it picks up, but as it is I don't see it. If I just want to mine for some POS innovations ( read here Piece of S***) I'm just going to go ahead and fold proteins.

I got my answer thanks.

14000 Vtc(28 btc) buy wall on 0.0020 in cryptsy also 20 btc buy wall on mintpal(0.00195).

which are available BTC  in the cryptsy can buy cheap coins 

0.00212358   7541.30208553   16.01455828

For POS VTC has merged coins its more robust and workable than pos coin and I think not easier on code level than pos. For dark-wallet(which has its pluses and minuses) its political solution and BTC also   decided to not add zerocoin .And for some people like Me its one of options to select vtc instead of drk (I think drk is good coin and good competitor for Vtc)

I think you might have missed the point of Monocle. It's not been launched as a "new" coin, or even as a Vertcoin "innovation" but as a mirror of the Vertcoin blockchain, sort of like a test bed for new ideas and real innovations to Vertcoin. This in itself should demonstrate long term, strategic planning behind the coin. Oh and we get the sexy merge mining cachet to boot!