Quote from: Unpropitious on March 21, 2014, 10:19:26 AM

Quote from: OmarG on March 20, 2014, 11:03:53 PM

Have we considered swapping algorithms to X11, SHA 3 or Scrypt-N? Not necessarily something we have to do, but being open to it to protect against ASIC miners may be a selling point. Look at Bitcoin Scrypt. They've gone up 800% maybe even more since coming public about having a community that votes on the algorithm when it comes to preventing ASIC miners and staying decentralized mining wise

PS: My research paper on what gives Cryptos value should be done by the beginning of April

I'm wondering why would it be such a bad thing if a lot of people would start mining digibyte with ASIC miners? Wouldn't it just raise the difficulty, which then would mean that coins would be worth more? Or if the value wouldn't go up wouldn't they just move on to another currency? Ofcourse mining digibytes with a gpu would become more or less useless, but would that be bad considering that new digibytes wouldn't be generated by anyone who owns a mining software? Or do you think the problem would be the same as with multipools, switching currency and dumping on exchange? However isn't that already covered by digishield?

Honestly I have no idea what would happen, so could someone maybe explain why it would be bad. Other than that the average mining gpu owner couldn't mine digibyte anymore? (Who would still benefit if he already holds digibyte if the price goes up)

According to my knowledge, people don't like ASICS because it centralizes the mining power. When scrypt ASICS arrive, those who have it will be the ones that will mine most of the coins. Cryptos are supposed to be decentralized. ASICS go against that.