A cpu coin needs to crush these cheap means to suck up all of the minting. CPU power is cheap for them to give out, but RAM still costs them. If people want to rape cpu coins with vps nodes and instances make them pay the price and have to splash on the most RAM as possible. It will actually increase the stability and price of the coin.
Fair point, but although increasing memory may help curb botnets (yet to be seen), it does not stop GPU/ASICs, which we consider to be a much larger threat to decentralized mining. GPU and ASIC farms have orders of magnitude more hashing power than botnets, which should be more on par with a modest size CPU-pool.
I personally do not think much can be done about botnets, which is why Heavycoin does not prioritize thwarting them over GPU/ASIC miners. Meanwhile, GPUs and ASICs are still able to mine memory-hard coins with astronomical advantage. Memory-hard is clearly not working.
We think it's time for a different approach.
asics are able to mine memory hard coins? i'm not sure that is the case. Also i'm not sure gpu's can mine memory hard coins once the N factor rises to a good level? are you sure about this fact. Which asics are they and which memory hard coins can they mine?
I just want to know how this cpu coin will change anything with regards the distribution over say well...... any other cpu only coin before it? Please explain how this will be an advatage over say primecoin? as far as i know this is still a pure cpu coin but again the hoarders are those that were botnet operators or those that just jumped on with cheap vps nodes.
What is this different approach to cpu only coins that have come before you?
I don't see any issue with the ipo or premine, if people wish to opt in that's their choice. However for most people with a few i5 or i7 i see no more opportunity here than on the previous cpu only coins. So pointless unless you wish to jump on amazon instances or fire up your botnet.