Post
Topic
Board Announcements (Altcoins)
Re: Vertcoin-Adaptive N-factor Scrypt-No more ASICs-[EXCHANGES/AMAZON/ATM/MERCHANTS]
by
xingqiaoyin
on 03/04/2014, 19:50:39 UTC
At that time everyone will have ASIC chip in their tablets to help process transactions.
VTC is the only coin with devs laying out plan from the beginning to fight against ASIC.
I havent seen other coin devs mention they realize an active defense against ASIC is necessary.
Elitism is bad, so ASIC is bad for now before VTC goes mainstream.
My 2c.
+1.
Vertcoin developers are the only ones who said that they are ready to change POW function for VTC if ASICs will threaten VTC.
I sold 350+ LTC and bought 3700+VTC.
Thats the problem right there. Litecoin devs also said their coin was asic resistant. Maybe they didn't say they would ever change to a different PoW when the neede arises, but whats in a word? History shows that coins once released do not get updated very often if at all. What happens in 2 years from now? And 5? I say stop with talks and act. Prepare for a fork beforehand because the need to fork is inevitable. Only when the coin's users and the asic developers know for sure that no asic will be allowed in now or in the future is a coin asic resistant/proof.

LTC devs simply thought memoRy requirement was going to be too expensive to build an asic for. They pushed that thought to the community i was guilty to think that an asic scrypt require gddr5 like gpu. It's not..gridseed uses cheap sram. LTC devs are play it safe people make a robust design, work around until fork is inevitable, like SAP people. If they decide to go the route VTC takes they would've done it back when Gpu mining was first demonstrated. Not sure why you need to push VTC devs to prepare for a fork, i guess they are already inline with that thought.