Quote from: NUD on June 06, 2014, 07:04:23 PM

Quote from: TheMightyX on June 06, 2014, 04:16:31 PM

Quote from: NUD on June 05, 2014, 10:19:13 PM

Since NUD is a CPU coin and is very likely to remain so in the foreseeable future your rewards would be large and the potential to earn for your effort maximized.

Wait what? No... no, thats not how it works.

In fact, because it is a CPU coin your rewards will be small because you will be competing with cloud-miners and botnets.
Unlike a CPU coin, a GPU coin is more egalitarian because a cloud-miner can't just spin up 200 instances and have a 200x advantage. or to be more precise he can, but those cloud instances will have crappy GPUs and he will not get a good return on that investment.

CPU coins will typically have the worst chance to earn profits.

Once a coin with a new algo is launched the chances of someone creating a big enough botnet on that algo are slim to none since no miners outside of the official exist.

Quote from: TheMightyX on June 06, 2014, 04:33:31 PM

Quote from: NUD on June 05, 2014, 10:35:05 PM

Quote from: mrz123 on June 05, 2014, 10:31:00 PM

how to mine?
this isnt fair
relaunch and make it PoS
and x13

Mining is done with the official client, it will mine by default but you can set

Code:

gen=1

to be sure.

PoS is inferior and only people that are new to crypto hold it in high regard. x13 gives an edge to governments and multinational corporations that might have a backdoor into either of the algos.

Are you seriously gonna spread FUD in your own thread?

PoS is superior in terms of energy efficiency and security (it would cost exponentially more to successful execute an attack on a PoS network than it would to execute a 51% attack on the bitcoin network). As well, the benefit of executing that attack is rendered worthless upon completing the attack. With PoW systems it would be relatively easy for a large organization or government body to afford a 51% attack on any network (even bitcoin). With PoW there actually is a benefit to attacking the system, with PoS there is no benefit.

As well....
For fucks sakes, I can't believe I have to say this.
X13 has 13 different rounds of encryption....
That means... (oh my god, this is painful)... even if one of those algorithms was compromised......

....

(I want to gauge my eyes out)...

There is still another 12 encryption algorithms that they would need to go through...

...

This makes it 13 times more secure than the next single encryption algorithm (don't quote me on that).

For example, if someone was to find a vulnerability in Scrypt, thats it, all scrypt coins are worthless.

if someone finds a vulnerability in one of the X13 algorithms, no big deal, you've still got 12 more layers of protection.

...

Fuck you for making me say that you slimeball dev.
Stop lying.

Please educate yourself on the matters before attempting to educate others.

PoW is by far superior to PoS and will always remain so, we computer scientists are currently trying to come up with an elegant algorithm that will capture all of our financial progress as humans for multiple millenia, much like our friend physicts are trying to find an algorithm, perhaps no longer than a single line that will unlock the secrets of the stars and galaxies.

Since we are not perfect by design once we reach a canditate and it is shown to be functional it is raised to a higher level much like the work regarding the Theory of Everything. How many times has PoW been modified? Zero, it has never been modified since the original Satoshi client. How many times has PoS been modified? Probably every other week, every time it is modified it is another failure, every time it is modified the cryptocurrency using it falls deeper into tyranny, how can you expect a healthy ecosystem when a bunch of tyrants can favor one business model over another rather than supporting all of them indiscriminately?

X13 favors governments and multinational corporations, if any of you have been following Snowden or reading up information on wikileaks you are probably aware of the efforts that take place to sabotage our cryptography. The more algorithms X13 consits of the larger the odds of one of them being compromised (which is safe to assume at 100% in this case), if even 1 of the algorithms is sabotaged it gives the saboteurs an enormous edge and the power to reverse transactions, double spend and do whatever they wish. Contrary to bcrypt most of the algorithms are untested by time, what would you bet your life savings on, a 3 year old algorithm or an algorithm which is 13 years old and based on functions more than 30 years old?

I don't know if I drew the parallels appropriately to convey my thoughts, I am not the biggest writer but more of a programmer.

Quote from: badam on June 06, 2014, 03:56:02 PM

So i was trying to test the send by delegate function with leduc but i am getting an error that "no delegate found to process transaction"

Please read the wiki, all this information is present. Every node can choose to become a delegate by pledging a set % to the network much like he would in a PoS system. Since there isn't a single delegate available (which is to be expected in such a new network) the error is thrown.

It is getting pretty difficult messaging over Tor due to DDoS protection, I am always active on our forums where the anonymity of our users isn't compromised.

We are also looking into the bcrypt business and the GPU miners, please stay patient and remain sane, this is experimental software, we could start a new blockchain, you guys are driving the prices way up with your greed. There is enough wealth to go around for everyone to become a millionaire.

Best regards.

You are thinking of resetting the blockchain? A lot of people are mining this coin and paying electricity costs, a reset wouldn´t be good...