Re: ELYA

Quote from: zibit on March 30, 2018, 08:49:41 AM

Yes, I heard at the first time some facts:
1) "exploit in Cryptonote allows cheaters to use botnet" - maybe some hackers are guilty and users who save money on anti-virus tools???
2) ASIC = cheater? It means that BTC mining is one big cheat Lips sealed

3) Nicehash = cheat? It is a service for which people pay money... it is a fault of coin developer which not use proper difficulty algo.

@But that's bad luck, they can not sell Elya for 1 satoshi@ => OK, they put orders for 10 sat, and still can not sell? Huh

It is just prove of my previos post:
Is there any "extra" agreement with stock.exchange to execute dev's sale orders first?) maybe it is second part of your "business" model => fix price on exchange and sell yours.
I am ready to sell my coins cheaper but it is not allowed by "community" decision... it looks like "free" and competitive market in North Korea)

Yes. ASIC is death for the decentralization of CryptoNote. The idea of CryptoNote was to create a protocol that does not allow ASICs (decentralization). NiceHash is practically a botnet for the network. And yes, the miners using now ASICs and botnets with NiceHash are equal to cheaters, because they use a vulnerability in the protocol that allows them to replace the time stamps. In other words, the difficulty of the network does not increase for them and they just roll up coins, while all other CPU/GPU miners get crumbs.

It is just prove of my previous post: all who are now crying that they can not sell cheaper than 10 it's possible those same cheaters.

Nobody pulls you by the ears and forces you to use this coin. Do not like it, there are many other coins.