Dayyam... That was possibly the longest quote wall this forum has seen!!I aim to please
Because it's a shitcoin? It adds nothing of value now that scrypt asics are here, so I'm honestly surprised it's even worth what it is.
This.
LTC advantage has been advertised as GPU resistance first, then ASIC resistance and now what ? Cmon guys, you have to wait for LTC to be added to MtGox so the price can go to the moon. Wait, this wont happen anymore
While this was a advantage for litecoin at one point , Litecoin was never designed to be asics proof. Either way it doesn't matter what you guys think , the market has spoken , money talks and litecoin has been decided has the number 2 coin.No other coin comes close in 24 hour volume and marketcap and that's a fact nobody can dispute.
bullshit. it was specifically designed for that
Quote
allow me to introduce you Tenebrix, a cryptocurrency we (mostly ArtForz, but I contributed the name, some minor tweaks and the logo, as well as windows portability suite and cool genesis motto Wink ) have created to provide the community with a cryptocurrency with solid GPU resistance.
It implements a proof-of-work scheme based on scrypt, a cryptographic construct specifically designed to resist creation of efficient GPU, FPGA and even ASIC implementations. You can find more about scrypt and how it can improve your stamina, masculine appeal and performance here
Tenebrix is intended not only to become the first and the best of CPU-specific cryptocurrencies, but remain so in the future (that's exactly where the Tenebrix Protection Fund will go... That, usability/gui bounties, fixes and my dream of starting up a massive coin laundering "Historical Cryptocurrency Collector" Service Cheesy)
It implements a proof-of-work scheme based on scrypt, a cryptographic construct specifically designed to resist creation of efficient GPU, FPGA and even ASIC implementations. You can find more about scrypt and how it can improve your stamina, masculine appeal and performance here
Tenebrix is intended not only to become the first and the best of CPU-specific cryptocurrencies, but remain so in the future (that's exactly where the Tenebrix Protection Fund will go... That, usability/gui bounties, fixes and my dream of starting up a massive coin laundering "Historical Cryptocurrency Collector" Service Cheesy)
And despite those claims that guy was secretly mining with GPU with his own optimized implementation while all suckers were mining on CPU's...he played everyone
next he was working on FPGA's while everyone was on GPU
How could it of designed to be asic proof if asics werent even out and noone was thinking of that when litecoin was created ?
Litecoin is not a clone of fairbrix , Litecoin is based on Bitcoin ,fairbrix is based on multicoin.
Yes, Litecoin came out before ASIC was even heard of. Litecoin was NOT intented to be Asic proof lol only n00bs and idiots spout that off.
you are the idiot and you weren't around 3 years ago to know you just recite what you've read about this year.... I was mining LTC in first week of launch. only people started changing their tune about that recently- they are scared to hard fork.
READ the quoute above. it clearly says tenebrix was developed to be ASIC resistant.. I've even bolded it for you ffs- scrypt algo was integrated into LTC specifically for that purpose and that, along with fair launch was 90% of reason the coin gained some traction. and yes the whole point of alternative POW function WAS because it was KNOWN that eventually cpu would be overtaken by gpu, gpu by fpga, fpga by ASIC. this was theorised even in 2009 by satoshi himself. and definately in 2011 it was spoken about and dicusssed at length. maybe not common knowledge for common folk but it was certainly an inevitablity for anyone smart enough to understant. all you have to do is do some search to find that out.
Again, it was never designed to be asic proof, just resistant. And again you skipped over my post addressing this and your other issues. Please re-read and please comment as you feel needed. Thank you
TLDR
Litecoin provides no significant advantage over BTC now that scrypt ASIC's are in the wild.
If your not BTC or a POS coin then you will have trouble.
Litecoin provides no significant advantage over BTC now that scrypt ASIC's are in the wild.
If your not BTC or a POS coin then you will have trouble.
To silly didnt read
Spend some time educating yourself and read my post (albeit, it is a bit long but addresses all major points in this thread).