Quote from: Anotheranonlol on May 30, 2014, 11:15:40 PM

Quote from: mmitech on May 30, 2014, 10:49:51 PM

some of you say that Litecoin wont succeed because it failed the ASIC proof claim !!!!... where and when the Devs or Coblee or any big investor pointed to litecoin as an ASIC "proof" ? they always said "resistant" which was important for the coin survival at the time....there is nothing ASIC proof, a CPU is an ASIC a GPU is an ASIC for you who doesn't know , it is not if we can make ASIC for this coin or that coin but when is it profitable to make a one, and when it is made it means that the coin is going mainstream.

no one gives a fuck about the hashing algorithm except miners, investors/adopters care only about the utility and opportunities, market cap,development, services.... and dont give a shit about that hashing algorithm and pure technical stuff, and what matters to me as an investor is for the last 6 months Litecoin is really going crazy, take a look at the daily transactions volume and the trading volume against Bitcoin.

Remember, from looking at the history of litecoin price it is always lagging comparing to Bitcoin, but it always make a boom, and usually a bigger one.

Gone over this a million times. I've bolded some sections for you.

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.

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It was not GPU resistant at all and few sneaky guys (mainly the ones who actually PROPOSED it) knew this because they were privately mining with GPU's very shortly after release. It was a failed concept from the beginning. Don't you get it? Litecoin was specifically invented to provide an alternative proof-of-work that wouldn't be brutalised by GPU, FPGA then ASIC's like everyone knew bitcoin would. It was a fresh start back to '1 cpu, one vote'- a safe haven so to speak.

It failed. If we were using this to hash passwords there would be a CVE-assigned with a quick hotfix and a lot of explaining to do. How ASIC resistant is it when 1 manafacturer can produce in 2 months what entire network has ever seen. o It's not resisting shit and so it should be fixed to reflect it's original promise.

You talk like there's a huge difference between 'resistant' and proof. Sure anything can be ported to ASIC. Gridchips first batch of wafer was around 0.90$/chip (convert from RMB) and easily outperform any commodity hardware from economic standpoint. For all intents and purposes it's not resistant whatsoever if this is the case. If it was resistant it should of been barely feasible

The POW can be altered invalidate ASICs with 1 line of code. Coblee naturally does not want to change POW for fear of upsetting the apple cart (bear in mind he has millions of dollars invested in it's success) Now you tell me what benefits litecoin offers over bitcoin? Nothing. Nothing Litecoin can do that Bitcoin can't. No special features, no special services, pure speculation.

The economy isn't there, the infrastructure isn't there, the only thing it's really got going for it is some semblance of network affect and the notion it's the silver to bitcoins gold. Where's the fiat inflow going to be coming from with large scale farms now having hundreds of GH in private mode, then selling at xxx% markup to greedy shovel buyers who think they can jump on the next goldrush. Private farms paid off NRE and can dump at almost any cost, most home miners need to recoup electricity, People are so naive they imagine more ASIC- higher price just like BTC- the higher LTC goes the more inflow is needed to sustain the price- why would that inflow find it's way to LTC over BTC specifically?

because we choose to? you did ask a question and provided an answer for it in the same question