I know I'm butting in and I apologize. I can see there are alot of well informed people in this thread with solid arguments one way or the other and I would like you gentleman if you'd be so kind to relay onto me your opinion about multi-pow (separate algorithms mining independently on the same chain), pros ? cons ?
I'd really like to hear what you gentlemen have to say about it.
Is it more viable as a means to secure the chain further ?
Is it more viable for a fairer and wider distribution of the coins ?
Disclaimer: I'm part of the team for such a coin (Myriad) but am not the creator of the concept. I joined the team because I liked the concept and it seems pretty solid.
Not that I am expert but here is my opinion
1. I personally didnt study the mechanics of the coin but it maybe more secure if the ASIC hardware manufacturers dont decentralize and we stick to 1 or 2 like now
2. I dont know...but probably due to different hardware to mine.. Distribution is not only about mining hardware but also how many people know about it in the early cycle of the distribution unless you have a slow distribution cycle..
Too many new technologies coming out with little time to study the problems with each until academics start writing papers about these technologies. Bitcoin has been out for 5 years and people still find and will find more attack vectors. Very tough to judge all these coins without proper white-papers. There are no proper write-ups of the technologies just some talk here and there is available on forums...