Quote from: sirsmokesalot on April 24, 2014, 12:52:39 PM

Quote from: dwolfx on April 24, 2014, 06:46:20 AM

;P This is why I dont like normal Scrypt algo, the multi-pools can jump in at any moment and fork the network. . . very insecure, in a few months when all the big ASICS kick in, multipools will jump from coin to coin causing problems. . . Imagine when one person has 2 GH? jump from coin to coin to coin. . . dump dump dump the majority of the "stable hash" that doesn't move around in scrypt is locked up in Doge and LTC, thats why scrypt works for them, N-Factor = Best, freaking resist Multi-Pools and dumpers due to setup time, only coins that wont be getting dumped on are asic resistant ones.

In order for a coin to get used, it has to be available to the masses. With 6 BILLION+ people in the world, at bitcoins 21 million coins, it already creates scarcity. That can be said for any coin if the real plan for the end game is world wide adoption. The figures on a lot of these coins are pretty low, although there are a few that try to sort this out. They usually liquidate the market and the coins become worth nothing because everyone day trades everything into oblivion. The problem isn't asics, or dumping, it is that these coins are all WORTHLESS. If people pulled their heads from their asses and stopped to think, actually think about what gives money value, it isn't all prospecting and dreams. It is utility. Money is just a tool. Money is only valuable because you can exchange it for goods and services. To quote lamb of god, money is the excrement of labor. It is a byproduct of the shit we do. Now if someone spends 10k dollars on a rig to mine coins, in my mind, that adds some value to the coins. How ever many coins he mines with that rig is more or less equivalent to the 10k he spent on it. That is iff, others are willing to buy the coins and see utility in them.

Just because i love dog shit and collect baggies of it because i think it is beautiful, doesn't mean i am going to convince many others dog shit is beautiful and it would help them in their lives. That is how i feel about most of these coins, baggies of dog shit. I roll with potcoin because at least they have some plans and ideas and seem to be actualizing upon them.

Tons of coins have ideas and can tell you where they plan to be. How many are actually doing things to get there? Out of all the coins that are out there?

Isn't KGW working as intended? The network gets hit with huge hash and the well increases difficulty to counter the hash and maintain the same flow of coins. Then when it leaves it takes a while to find the next block, and after that is found the difficulty should jump down. Which seems to be what happened?

Bottom line, all the people crying about asics are the people who dreamed of getting rich off this shit. Now they are slowly losing grip on what seemed right within grasp. Never really was, but they are dreamers. They are the ones who haven't made enough money yet to buy the ascis and are upset they missed the train. The more money that gets dumped into the crypto game, the more than value of all the coins rise. It is simple. The weak coins get chewed up and destroyed, only the strong survive. This is the fun of investing, it is like gambling in which you expect to win. Gambling all the same. Risk and reward. Tough titties, people must not have heard that expression much before getting wrapped up in this crap. Life is never fair, and it isn't easy.

If asics are a death sentence, wtf is btc still doing around? Or any sha coin for that matter.. Roll Eyes

well said sir well said! I too collect dog shit in little baggies! Cheesy

glad i'm not alone