Re: (Unofficial) [ANN] Litecoin [LTC] to X11 algorithm hardfork
- dear Charlie, we will not disclose that (yet)
- show me one existing X11 ASIC?
- yes, we would. And because of that, no company would take the risk to invest in building an ASIC for X11 unless another X11 coin (HIRO / DRK) becomes the second cryptocurrency
- our main concern is we will not be able to convince an overwhelming majority to support the hardfork and that's why we will have to put much effort in it
- exchanges and pools will be dealt with, without their support there will be no hardfork. A website is not vital for the survival of a coin, you may or may not host the hardforked client on the current website, there are other ways to distribute a client
- the hardforked coin still is LTC after the hardfork, so no reason for confusion. All the coins will stay where they are, except for a client update nothing will change for anyone, except the miners use another miner and scrypt ASICS become irrelevant for LTC
- show me one existing X11 ASIC?
- yes, we would. And because of that, no company would take the risk to invest in building an ASIC for X11 unless another X11 coin (HIRO / DRK) becomes the second cryptocurrency
- our main concern is we will not be able to convince an overwhelming majority to support the hardfork and that's why we will have to put much effort in it
- exchanges and pools will be dealt with, without their support there will be no hardfork. A website is not vital for the survival of a coin, you may or may not host the hardforked client on the current website, there are other ways to distribute a client
- the hardforked coin still is LTC after the hardfork, so no reason for confusion. All the coins will stay where they are, except for a client update nothing will change for anyone, except the miners use another miner and scrypt ASICS become irrelevant for LTC
so there will be no hardfork. no more worries
if all exchanges and pools switch at the same moment the confusion will only be short: but its still very unlikely to happen