Post
Topic
Board Announcements (Altcoins)
Re: [AXIOM] AxiomMemHash, Schnorr Sigs Implemented, APOS 3.0, AXH 2.0 Proposed
by
bones261
on 13/09/2015, 19:09:17 UTC



I wonder if there will be another pump. Someone bought this up on bittrex.




This coin is dead. No new developments. No new posts by many people at all. Even the btc trading volume dropped dramatically. Another scam coin where the devs ran off with all the profit and left tons of bagholders

Actually, it was probably only the main programmer that dumped this immediately when it got to Bittrex.  I strongly suspect the others involved in the development team got left holding the bag too.  It appears they couldn't find another programmer that would take over for a reasonable fee.



I would like to help to create a fork, I don't have much experience with development, but I work with IT for 15 years.

Why not a takeover with a swap?

Why not? well because not a single take over of a coin project has been successful before for the simple reason that the only reason behind a takeover is to try to salvage some of the invested capital. Why would anyone (else) want to try to salvage a project that was a failure before instead of initiating a new one? By definition, it doesn't make any sense whatsoever.

This clusterfuck of ineptitude is mistake-ridden and fails at its only purpose, which is to facilitate CPU mining and ONLY CPU mining. Any new project that guarantees that (and that is a very tall guarantee- will immediately be successful... if proven. To cal it AXIOM would be an unnecessary and ridiculous stigma that would guarantee its immediate failure.

Yes, someone needs to clone this coin, instead. Improve upon the algo to make it more GPU resistant. Perhaps do what MAGI did and make the reward schedule punitive for high hash rates. Also, they need to put in an improved wallet miner.  That's a tall order too, though. Basically starting from scratch. Probably not worth it.