I read about it a while back.
Something like this:
can be cpu mined
can be gpu mined
can be asic mined
can be hash farm mined
This is what sets it apart, larger gpu farms and asics can mine more than cpu mining or 1 gpu miners can get. We are the future. Everyone gets equil, yay for us. Invest more money into miners and you can get more also. We are not another scamcoin.
Thats where i stopped reading and exited the page, when = means regardless of setup you have, they only count 1gpu/person and can verify, then that is equil, otherwise its not =.
I think you haven't managed to grasp the concept nothing you said is what myriadcoin does ... actually it might be because I just woke up but I don't really understand what you said ...
I think the main problem with myriad coin is there is just too damn many of them, the market is saturated with I think over 60 million coins now and it's only a month old? Hardly bears well for creating a scarce crypto currency to sit alongside Bitcoin. It may be fun for miners but what is the practical use for consumers, why should they want to exchange it for goods or services?
The actual quantity is irrelevant when it'd digital and divisible.
It's relevant when there is no illusion of scarcity. Also why should consumers care if the coin is good for miners, people forget crypto is designed to be used as a currency, not a plaything or science project for miners, do you imagine the average person who knows nothing of SHS-256, Scrypt or CPU vs GPU mining wanting to use Myriad? I respect technical innovation but it still has to serve an end use at the end of the day.
so there's 3% of the coin mined in 1 month , MINED ... distributed to miners ... there's coins with more premine than that that have been launched and are more widely adopted as for scarcity ? I think that it was about time that a coin with more than a few tens of millions came out, a coin that can be valued somewhere between 10c and 1$ so as not to make the divisions so long and hard. and as for the average person part, the average person doesn't understand shit about how btc or ltc or even doge works and they don't care, a crypto coin's base comunity will be made of miners not of average persons, average persons will invest in a coin that is backed up by the biggest comunity and the the one with the most promising features.