Post
Topic
Board Altcoin Discussion
Re: [POLL] Would you support a Litecoin [LTC] to X11 algorithm hardfork?
by
fenghush
on 01/04/2014, 17:09:31 UTC
I just have one question for you. What technical research have you done on the algos used in x11? Did you miss the FACT that each and every one of them is designed to be ASIC friendly as that's one of the requirements to be SHA3 candidate? Or you're looking to "secure" LTC short term and hardfork each time ASIC manufacturers deem it profitable to build one?

You hit the nail.

By changing the algorithm on a regular base no ASIC company will invest in creating an ASIC for it.

And you do not see the ramifications? To force people to upgrade or they risk losing their coins by sending on the different chain?
I'm all anti-asic and everything but not at this cost. I suggest to take a look at different options if you're really serious about forking LTC with a new PoW, x11 is really a bad candidate and another hardfork will be imminent very soon.

If it was any other month old coin, nobody would care or even notice in the long run, but this is LTC a well established coin with many outdated forgotten nodes.