Quote from: matthewh3 on March 15, 2015, 10:13:28 PM

Quote from: NullProto on March 15, 2015, 09:26:57 PM

Very disappointed to see the switch from pure Scrypt. I've seen coin after coin make this switch thinking they will better protect themselves or increase value. Without a single exception, I've seen the value of all of the coins I've watched do this dramatically drop immediately after the change, maybe some have recovered that I've missed, but I've not seen one yet. Difficulty? Again I don't see an immediate need to fix. 51%? Don't understand the concern for the coin...the value is so low and what could possibly be gained by controlling a coin of little value at this point... this is a rhetorical question; I understand the possibilities but I can't see it as the priority right now.

The priority has to be updating the wallet so transactions don't get stuck...job 1.
Secondly, the only long-term (or near-term) value for this coin is zerocoin. If that doesn't get done, the coin is history.

The other things can come in time.

Do I really care? Why? I have stake in the coin with at least 1 account in the top 100. I'd like to see the coin have long term viability. I like it's charter.

my 0.02 ANC

-NP

Yeah but have you seen any coins make the switch from pure Scrypt to a myriad of chains. With three myriad chains an attacker would need to control at least two of the three chains to pull off a successful attack. And with these myriad chains also going to be AuxPoW chains then their hashrate's will be a lot higher than otherwise. So in effect the current Scrypt hashrate should greatly increase even though it'll only be one of the three chains. As the Scrypt miners will also be able to merge-mine Litecoin, Dogecoin and several other Scrypt coins at the same time for next extra work or cost.

The difficulty algorithm does have some serious problems. As when a very large amount of hashrate joins and then leaves the chain suddenly. Then it takes a very long time for the remaining hashrate to find a block. Which means no transactions at all can be processed for a very long time. I strongly feel that its the epically slow development that is causing the new all time lows in the price of the last twelve months. Although the core dev moved over to core I2p development a few months ago. So we need to give the two new devs time to get up to speed.

NullProto:

Very disappointed to see the switch from pure Scrypt. I've seen coin after coin make this switch thinking they will better protect themselves or increase value.

-> As far as I know there is no coin having switched from pure Scrypt to a myriad of 2 chains SHA and Scrypt, none of them merge mined.
There are three unknown altcoins (Parallelcoin, Trinity and Dvorakcoin) that have 2 or 3 algo but they dont offer more than this. Otherwise myriadcoin started 5 independent algos and digibyte switched to the same model with much better success due to their good difficulty adjustment algorithm. Thanks to this multialgo and its multishield Digibyte is a good attack resilient coin.
Also like Matthewh3 said, in time we may have to switch to a merge mined model, becoming a child chain, when the block reward will be too low to make mining profitable, but this will be in a few years.

Difficulty? Again I don't see an immediate need to fix.

-> then look this very good analysis by Drakoin of the actual ANC situation.

51%? Don't understand the concern for the coin...the value is so low and what could possibly be gained by controlling a coin of little value at this point...

-> This and the timewarp are security concerns and shall be dealed with. For this, two algos with a good difficulty retarget shall have increased security. We do not put a third (GPU) algo or CPU algo for fear of low hashrate and constant gaming like on myriad Groestl. Also our difficulty retarget AncShield is a fork of Multishield, which is much better than what myriadcoin use.

The priority has to be updating the wallet so transactions don't get stuck...job 1.

-> We heartfully agree on this point, and that is why we did/are doing:
- codebase change to 9.4
- difficulty retarget algo change from KGW to AncShield
- mining algo change from pure Scrypt to a mix of Scrypt and SHA256d
- 70007 node protocol reworking to improve connectivity

Secondly, the only long-term (or near-term) value for this coin is zerocoin. If that doesn't get done, the coin is history.

-> This is our main objective, along with the other main objective being complete I2P integration as you know. The I2P cipherspace support is also a necessary anonymity feature, please do not forget it! The blockchain has to be anonymized, but IP address are also monitored heavily, like shown in the recent Chainalysis Sybil Attack on the Bitcoin network.
Also, what is the use of zerocoin if the main network is completely screwed like it is now? So first thing to do is to rework our code until the anc network is not plagued anymore with the various issues we are working on at the moment. Like lunokhod said, we are sorry if the ZC announcement by Gnosis led to an hype and became overdue. We will announce when our next release candidate is available, and keeping the development public, and with no hype.

I'd like to see the coin have long term viability. I like it's charter.

-> We too, thank you for your longterm support! Our job is to give Anoncoin the best technicals, but people like you are in last analysis those who give the coin its long term value!

matthewh3:

Yes in fine we will go toward this direction, but only with two algos due to the low hashrate of the CPU algo (Prime and others) and potential abuse of the GPU algos by miners owing hundreds of GPU, like we saw on myriadcoin (but their diff retarget is flawed too).

About the jumping on/off the network by multipools, yes this is an issue that explain the chain is stuck, but here it is more the ongoing timewarp attack that is the culprit, like shown in the excellent analysis of drakoin, linked above. In the multishield and digishield retarget algo, we have to choose the value of retarget parameters. Digishield used asymetric retargeting to avoid the chain stuck due to multipools hoping, but because the retarget is quicker when going down, this is more open to potential timewarp abuse (although I have not seen one on digishield or multishield). We will use asymetric retargeting but with greater upward % increase, than when it is reducing the difficulty. This is more secure against TW but the chain can be stuck longer than with the original Digishield. But with two algos in parallel the consequences shall be mitigated by the independent mining going on on the other chain. This is why we are doing two algos with this particular AncShield.

Yes you are right, Meeh mainly moved to I2P development instead for his hobby, but GroundRod is highly competent and motivated so we are going forward!