Quote from: smooth on September 16, 2015, 07:30:22 PM

Quote from: r0ach on September 16, 2015, 05:42:18 PM

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?

1. He said order of magnitude. In normal English that usually means 10x, though binary order of magnitude -- 2x -- also means something occasionally. I'm not sure what 3x means.

2. I don't think he said the entire model would fail otherwise, so that may be your made up conclusion. I don't really remember though, he may have suggested that.

I don't remember his exact language used to describe what was needed to prevent the system from failing, which is why I said "correct me if I'm wrong". I thought I remember seeing the 200% specification somewhere. I doubt it's 1000% (order of magnitude) since this would just give you the same centralized pool structure as Bitcoin now.