Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update
by
oneway
on 27/08/2014, 19:51:58 UTC
cyptocurrency without any innovations is doomed to be dead,sooner or later.

This an absurd way of thinking. A good coin, must have a lot of support, be fair, and gives a lot of trust, and all the features must be fair and well design. This is not we have seen in 2014, e.g., a new X11 coins stating a great innovation, and when we look at the 'masternode' implementation, the only goal we have is stealing 20% of the POW operation. What a great innovation... The innovation word sadly hide a lot of scam operations.

You also only have to look as far as Vertcoin with its ASIC-resistant PoW algorithm and anonymous transactions, currently at  35th on Coinmarketcap, to realise that no, technology is not by any means the full picture.


In all fairness I believe what killed Vertcoin was the anon coins that also use GPU algorithms.  Darkcoin & Monero are both mined by GPU's.  Anon + decentralized > decentralized.

I don't think vertcoin is dead, anyway we had so many new coins lately. We had a massive dilution effect + massive scams operations pump and dumps and so on... Anyway the GPU mining is dead with these algorithms: X11 algorithm can be efficiently implemented using FPGAs, and scrypt, n-scrypt require ASICs...