Quote from: niteglider on August 24, 2014, 06:48:50 PM

Quote from: meeh on August 24, 2014, 02:49:30 AM

Say your opinion!

A hypothetical question that does not necessarily have any ulterior motive; If Anoncoin switched hashing algorithm, what type of hashing algorithm would you liked to see then?

Just to explore the hypothetical, what would be the reason for switching the hashing algorithm?

As they use Scrypt and their network hashrate is relatively dangerously low. Dogecoin whose network hashrate was relatively massive compared to Anoncoin has already decided to use AuxPoW (merge-mine) with Litecoin to combat that same problem. Unless Anoncoin changes its hashing algorithm quickly. Then a lone single Scrypt ASIC miner could easily pull off a 51% attack on Anoncoin just for LoLZ or even destroy the coin completely. I suppose the easiest option would be to copy Dogecoin's move and AuxPoW with Litecoin. Although that then opens up the dilemma of ASIC centralisation, but it would probably strengthen the Anoncoin network the most out of any option. AuxPoW with Myriadcoin is my favorite option. Followed by AuxPoW with Vertcoin as they're committed to stopping their coin to succumb to ASIC's.