Post
Topic
Board Altcoin Discussion
Re: Brand new kind virtual currency - CAPTCHA coin
by
iskren_ivanov
on 11/10/2013, 16:27:50 UTC
It's not a good idea, your coin will be open source, so after it's not difficult to reverse engineer a CAPTCHA.

Are you developer? It's matter of design. Your computer will not produce the image for you, so you will not able to do any reverse engineering. P2P network will produce the images and will distribute them randomly between peers.

Let's think. Is bitcoin changing the system. I think not exactly. Who can buy ASIC- only the rich. If they want, they can buy the most powerful ASIC or quantum computers (I'm talking about banks, corporation as google, apple, microsoft ...), so they will get the coins. It's a lost cause.

This statement is not fully true anymore:
"Bitcoin is ... nobody owns or controls Bitcoin and everyone can take part. "