Post
Topic
Board Announcements (Altcoins)
Re: [BCN] Bytecoin (CPU-mining, true anonymity)
by
Johnny Mnemonic
on 23/04/2014, 00:54:44 UTC
Any CPU only coin is useless.  Just a get rich quick scheme for botnet owners controlling 50,000 computers.  Either the algorithm has to be changed, or it has to go myriadcoin style somehow.

I mined BMR on day 2 and got 0.  God forbid someone tries to CPU mine it a month from now.  Coin is dead in the water until it's not CPU only.

Do you think Bitcoin has good wealth distribution? Do you think it's a good thing that all newly minted coins are immediately distributed to the wealthy folks who own ASIC farms? Can you explain the economic theory that makes your statements even remotely believable?

"OMG botnets" seems to be the only argument anyone can ever devise against CPU-only coins, and frankly, it's tiring.