Re: [ANN][EMC2] Einsteinium | Funding the future with the future of currency
Yeah you make good points. The asics won't be released for a little while, so if we have a solid foundation by then, i think we should be good. It could actually help indeed. If they were released tmrw, tho, i'd be a bit worried. Like you said tho, asics are the future, they'll be made for most algos eventually anyway. I just hope we'll be a solid enough coin when they come out for scrypt so that they help us instead of hurting.
Regardless of changing, even with having scrypt I have always thought emc2 has serious potential. I think at some point einsteinium will be seen as being a big-time contender in the scrypt world.
Regardless of changing, even with having scrypt I have always thought emc2 has serious potential. I think at some point einsteinium will be seen as being a big-time contender in the scrypt world.
To be honest, I wish they were here already. I know our team has some coming in and we'll have a fair amount of hashpower to secure the network. But yeah, I do think that EMC2 will grow into that crypto leader that we see it getting to.
I figure if ASICs hit this coin, the few that own them will dump their plethora of coins at any price. The price will plummet in that scenario. Miners will have left much earlier, as profits were dwindling or nonexistent. How much community will be left at that point? There are soo many Scrypt coins that will be at the mercy of ASICs. Are you truly confident it will survive amongst all the rest?
While I agree about the hashpower securing the network, it wont matter when the ASICs move on to the next coin as EMC2 becomes delisted from exchanges. Without innovation and adaptation, which I thought was the very reason for the "alt-coin" world, I don't see the future here.