Quote from: monsterer on September 16, 2015, 07:09:11 AM

Quote from: kelsey on September 15, 2015, 10:33:06 PM

bitcoin and everything todate related is simply an overkill in complication for a p2p currency.

And yet bitcoin still remains the most simple consensus design of all of them. This gives you some idea just what a hard problem distributed, trustless consensus is.

And why Ethereum is in such huge trouble that nobody seems to acknowledge. It took Satoshi a long time to create the consensus mechanics of Bitcoin, now you have Vitalik trying to create one on the fly after the coin was already released. They can't copy standard proof of stake due to all of it's negatives. He's either going to have to beat Satoshi, copy DPoS, or a far more experimental method that might end in critical failure like a DAG chain.

As for Anonymint's coin, correct me if I'm wrong, but I think he's relying on people not being able to create an ASIC with more than 200% efficiency of a CPU or the entire model fails? So even if this coin is theoretically perfect, nobody will even know if it's valuable or not until it's been on the market for several years, reach 100 million in market cap, then attract ASIC vendors to attempt to full scale commercialize the coin?