Quote from: etang6000 on September 14, 2016, 12:27:37 PM

Quote from: transparenttrader on September 13, 2016, 09:35:22 PM

Quote from: griffen1102 on September 13, 2016, 07:55:40 PM

Quote from: etang6000 on September 13, 2016, 06:22:26 PM

Quote from: mikeymillie on September 13, 2016, 05:03:16 PM

what's going on with VTC? Is there any news or is this just another random pump thanks to polotrololo? Does VTC even have an active dev at this point?

Several active devs . Wallet is being updated

and still ASIC resistant Wink

Can someone explain why ASIC Resistance is so important? I get the concept but why all of a sudden is this significant.

The idea is that you don't need a lot of money to mine . Anyone who has a gpu can mine ( which is any gamer , or most people with a computer ) Asic's are specialized computer with one purpose ( to mine a specific algo) , they are expensive and can only be used for that purpose. Only a few companies make asics , so coins that use asics are at the mercy of said companies to make asics and better asics every so often .The main problem is that some, if not all asic companies build asics and use them until they pay for them selves and then sell them to the consumer when it's very hard to make ROI on them .

Not to mention the negative effect that all that selling has on a coin's price. The asic owner must sell all mined coins (at first) to ROI. Then he sells the asic (because who would want to be left with a useless machine) to someone else who (tries) to do exactly the same thing as the previous owner (but less sucessfully). Ad infinitum.