Quote from: Amph on November 17, 2015, 07:56:20 AM

Quote from: BTCish on November 16, 2015, 08:52:13 AM

Algorithm can be changed to avoid new asic development, when for example bitcoin algorithm would be changed to current asic proof, if someone crazy company would start to develop new asic suitable for new algorithm, it would take a while when they succed, after that, algorithm can be changed to avoid that nwe asic too, and thats about it, i would like to see which crazy company would invest in researching technology that would not be needed soon after it is developed. There would be plenty of miners for supporting transactions, you can be sure about that, there just need to be correct information about that for potential miners. I am not in a dream world, unless bitcoin developers are close to large companies that gain profits from asic development, that this all idea is not real. It should not be like that is now, everyone is supporting greedy companies, that is making money by producing miners for dummies, that will most probably get back their money.

no please not this shit again, algo cannot be changed at this point, because all miners need to change their asic, which will kill bitcoin completely

you see vertocoin, when they changed their algo the whole coin died and that was much less painful than something like a "400 peta of algo to be changed"

And really if a coin is profitable... move will be moved find a way to mine it. Think about all the CPU coins there was at one time, now almost all can be done by GPU. There is not even a CPU coin worth mining.

Think of scrypt.... it was big money and what happened? Investments came in and they made a scrypt asic. So it is not surprising if there is technology that comes out such as asics if a certain algo is worth it. But the sad truth is besides BTC and LTC the rest don't really tend to be as stable, and I was someone that loved Dodge but it lost a lot it's popularity. There is a lot of pump/dump now.