Quote from: Cryptosapiens on April 26, 2014, 12:25:10 PM

Quote from: turtlehurricane on April 26, 2014, 09:01:02 AM

I don't think ignoring ASICs is a good way to make a real coin. ASICs are the future of crypto mining, so any coins that don't allow them will be left behind shortly.

ASIC "per se" are not the "enemy" I'm OK with Gridseed's, around the same price and hash as a video card, much less energy consumption.

If you can buy a graphics card you can also buy a Gridseed. However KNC's are a different beast, they are 1000x more powerful, and they cost 10.000 USD, not something everybody can buy, not a democratic proposition, and they completely subjugate the principles that made cryptocurrency popular. They represent GREED, the principal reason for so many injustices in the world, the principal reason why Bank's are so powerful today.

By giving enormous amounts of hashing power in the hands of few, we are shooting ourselves in the foot, and centralising what should have been decentralised by concept.

You may say that is a lost battle, that ASIC Manufacturer's and the Big players will find a way to make their equipment compatible with scryptN or X11, but by that time, I'm hopeful that a new Algo has arrived, and i will support it.

I agree with you about "ASIC is not an enemy of Crypto coin"
But, I some different idea about price and centralizing

First, asic just can specific algorithm only,
Second, asic just for mining only

Gridseed device has same priced with similar performance of GPU.
It is not fair, the price should be much less than the current price,
I guess 1/3 ~1/4, and than, the personal miner can buy a miner.
(I believe, 1/3~1/4 is the price for the asic developer)
So, the hashing will be centralized by the small number of huge buyer or developer

It is why people do not want ASIC miner even they know ASIC is the best solution