Quote from: FlipPro on November 01, 2013, 07:19:52 PM

Quote from: cosmoo on November 01, 2013, 07:13:24 PM

Quote from: Xanis on November 01, 2013, 08:30:06 AM

SRC copied QRK so..
It's not the most secure coin.

well, maybe not the most original coin, but there's a lot more to a coins success than the code. these are cryptocurrencies after all, and it's important that they be evenly distributed among miners/users to ensure a healthy economy. just look at premined/instamined coins, like PPC, NVC, or FTC, not so much volume because massive bagholders manipulate the price. in regards to SRC and DGC, both were released very fairly, without giving early miners a ridiculous advantage. so while SRC is a copy of quark (which was a copy of sifcoin) it was released far more cleanly and professionally.. not to mention its development is active which is absolute necessity for a coin to succeed in this competitive environment.

right now while it's safe to say multi-algorithm coins don't pose much of a difference to using just one (as SHA-256 and scrypt seem pretty bulletproof so far) if in the future some achilles heel is discovered in their encryption methods then having a chain encrypted with several different algorithms would prove useful. imagine sha-256 getting cracked, i sure wouldn't mind the mass flood of BTC into SRC as people try to protect their investments

very unlikely scenario but nothings impossible..

What are the risks of a 51% attack on SRC?

How do the common risks related to Bitcoin apply to SRC I.E miner drop offs?

i'm not a crypto expert, only an enthusiast, but afaik most of the 'risks' are the same story. a 51% wouldn't be carried out any differently but would probably be more difficult to achieve as so far mining can only be done via the native client, though who knows what someone could make in the future. ASICs were made once bitcoin mining became long-term profitable, and we're seeing the same thing happen again through litecoin with news of scrypt FPGAs. Multi-algo's seem to be the next step after scrypt in the sense that it makes it that much more difficult for powerminers to outhash everyone else. from what i can understand (again i'm no expert) it wouldn't be too difficult to create an optimized gpu miner, it just has to be worth someones time to make it in the first place

by then the price would be higher, the network would have more hashpower, and chances of overpowering what it gained thus far would be even slimmer.