Quote from: torbank on August 17, 2013, 11:38:57 PM

Quote from: AnonyMint on August 17, 2013, 11:02:35 PM

1. Got the Scrypt wrong and can still be supermined by GPUs

Is that a fact?

In my mind yes, because I understand which algorithm properties are required to defeat GPUs:

https://bitcointalk.org/index.php?topic=160612.msg2944399#msg2944399

Someone needs to implement a GPU miner to prove it.

The key algorithm point is that GPUs can mask the latency of hitting big memory by using massive multi-threading.

Quote from: torbank on August 17, 2013, 11:38:57 PM

Quote from: AnonyMint on August 17, 2013, 11:02:35 PM

2. Introduced socialism into the debasement

Not sure how accurate this is, since coins can be freely traded.

Quote from: AnonyMint on August 17, 2013, 11:02:35 PM

3. Got the level of the eternal debasement wrong, since 1790 the nominal GDP grows at 5% not 2%.

How realistic is it to go by the GDP growth rate all the way back to 1790?

It has been consistent over any few decades hence. Realize I wrote "nominal", not "real" (i.e. inflation adjusted).

If MemoryCoin became the only money in the world, then the economy could not grow faster than 2% long-term (in short bursts it could, because V is independent of M, M * V = nominal GDP). V = velocity of money

Quote from: torbank on August 17, 2013, 11:38:57 PM

Quote from: AnonyMint on August 17, 2013, 11:02:35 PM

4. Afaik, has made no advances on improved anonymity
5. Afaik, has no improved blockchain scaling (Bitcoin can't scale to even 1/10 of Visa scale).

I haven't seen anyone claiming innovation in these particular areas.

4. Anoncoin using I2P:

https://bitcointalk.org/index.php?topic=273197.msg2950849#msg2950849

5. I offered a new design that solves the problem. Challenge is for you to find it in my writings.

Quote from: torbank on August 17, 2013, 11:38:57 PM

Quote from: AnonyMint on August 17, 2013, 11:02:35 PM

6. Didn't improve the speed of approval of transactions (10 mins in Bitcoin, also Litecoin if you want same confidence)

The block target is supposed to be six minutes.

Shorter block times not only do not provide instantaneous transactions, but don't decrease the time needed to wait to gain a certain level of probability of confidence-- it is always the same for Bitcoin = Litecoin = MemoryCoin. The probability is independent of the time taken to compute a block. Study PoW in Satoshi's white paper.

I have proposed a solution that gives instantaneous transactions.