Quote from: bathrobehero on June 02, 2017, 11:56:02 AM

Quote from: Johnny00 on June 02, 2017, 09:48:28 AM

Quote from: bathrobehero on June 02, 2017, 05:46:28 AM

Slack is annoying, not everyone is using it so all info should make it here considering it started here.

Anyway, what's wrong with spreadx11 algo?

If it will be plain old x11, many people will just dump and move on,

Coins101 responded. Check the may 29 message at 524am. Too long for me to copy and paste each line

Thanks.

There's a lot of misconceptions and backwards logic in that slack.

You don't design a coin with ASICs in mind, you try to make a stable coin and if it grows large enough that it can support the R&D cost of ASICs someone will invest into them. Coins usually try to move away from ASICs (which is mostly why there are 40+ mineable hashing algorithms) but this coin is running towards ASICs. Coming from Spreadcoin that's all for decentralization and moving to ASICs which are not well centralized it's weird to say the least.

There will be a Spreadcoin swap but HLM will "maintain as close a build to DASH as possible until we dec-couple from their releases".

So it's safe to say that it will start with X11 which means due to multipools and the general nature of ASIC owners, most miners won't even know they were mining HLM as they get paid out in BTC.

And due to the speed of ASICs and the limitation of a single algo difficulty retarget the network will very likely have super fast and super low periods - unless a huge amount of ASICs will mine it 0-24h.

The more I read about HLM the more I think the coin takes 2 steps back for every step taken forward.

I also asked the slack, but here it is:
What about Ethereum? I think they've done it pretty well (PR, financial and tech), biggest crypto market cap (excl. BTC) and yet - no ASICs. Or I got it wrong?