Post
Topic
Board Announcements (Altcoins)
Re: Official Anoncoin chat thread (including history)
by
matthewh3
on 15/03/2015, 22:13:28 UTC
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.