Quote from: El Dude on May 24, 2014, 02:02:27 AM

Quote from: Anotheranonlol on May 24, 2014, 01:58:17 AM

Quote from: El Dude on May 24, 2014, 01:33:07 AM

Quote from: Anotheranonlol on May 24, 2014, 01:29:56 AM

Litecoin was reduntant the second it it outlived it's 'GPU/FPGA/ASIC resistant' claims.
Smart guys were sucking up bulk of supply 1 generation ahead of the masses. Bitcoin never made such claims. Litecoin was specifically created to offer SAFE HAVEN from this, which it failed at.

Now, many more innovative coins exist, that rightfully should take over the 2nd place.

Litecoin never claimed to be asics resistant.

I've told you before, and I'll tell you again.
YES it was. of I've bolded the relevant sections.

Quote from: Lolcust on September 26, 2011, 12:09:44 AM

We heard you like mining, so we put a miner on your miner, so you can mine while you mine.

Note: try changing -s in the miner batch to 3, 5, or 7. Experiment which is best for you.

Official Website: http://www.tenebrix.org

Hello everybody!

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 ) 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
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of course, certain guys ALREADY KNEW this was bullshit and was mining with GPU while rest of public was stuck on CPU. and then R&D into fpga then ASIC port happened while everyone stuck on GPU. Algo was deliberately set without proper TMTO guards and never fixed.

they were no asics in 2011 , saying litecoin was made to be asics resistant is retarted , coblee even said so himself.
look here and see if it makes those claims https://bitcointalk.org/index.php?topic=47417.0

There were FPGA'S. if you can create bitstream on fpga it's logical next step to create ASIC. It's a matter of time. coblee is backtracking. he doesn't want to change what up until now is a working formula because he's got millions of $ riding on it along with many others.. perhaps he's also paid off by manufacturers.

coblee did not create the litecoin POW. he copy pasted from fairbrix, which copy pasted from tenebrix. before you mention multibit we are talking proof of work.