Quote from: gielbier on October 10, 2014, 11:49:26 PM

Quote from: Red Kendra on October 10, 2014, 12:56:27 PM

Quote from: aat on October 10, 2014, 12:29:37 PM

Quote from: Red Kendra on October 10, 2014, 10:10:28 AM

If we decide to merge mine with Myriad coin, we will only merge mine with the Skein algorithm of Myriadcoin, so in that sense it won't be much different from other merge mining.

I'm going to hold off on the rest of my response (I still have concerns), but can you give me (and probably others on here) a better idea of how the merge mining would work?

I assume you're talking about Namecoin-style merge mining (http://dot-bit.org/Merged_Mining) where SKC is the auxiliary blockchain.

Would we have to choose in advance which coin(s) will be the parent blockchain? If so, can this be changed in the future without a new hard fork?

From a quick reading, it looks like it might be possible for solo miners to use *any* coin as the parent coin, as long as that coin has the same basic structure and POW algorithm. This is why there's no need to put all the intricacies of Myriad into the Skeincoin code - the validity of the parent header isn't checked. Do I have this right or am I off base?

I know I said I'd hold off on the rest of my response, but as a preview I want to add this: I want Skeincoin to be a great coin, not just get a short term boost. There's no point putting effort into improving this coin to only make a few hundred bucks. I'm glad we've heard from you and that you haven't abandoned Skeincoin, Red Kendra.

Yes, it is like Namecoin merge mining with Bitcoin.

We will have to make a hard-fork in Skeincoin to add aux-pow. It can then be merge mined with any coin that uses the Skein hashing algorithm, so we won't be tied to one coin. We can actually merge mine with multiple coins at the same time, as long as they all use the Skein hash. People will still be able to mine Skeincoin without merge mining if they choose to do so, but the difficulty will be higher than it is now.

We won't need to implement any of the multi-algo features of Myriadcoin, we see Myriadcoin as just another Skein coin and ignore the other algorithms.

To be honest, i'm a bit hesitant on merged mining with myriad-skein. If ppl don't care about skeincoin and they merge mine skc and blatantly dump on the market, it could pose some problems on profitability, but it might solve the distribution problem. I'm currently still working on something to get distribution going (geofaucets) but thats still not at the level i want it to be to release it.

I propose a meeting on the subject

Although market price is important (and i fully understand and support your reasoning), network security is #1 priority. I prefer SKC @ 30 sats with diff 2000 than 1 BTC == 1 SKC and 0 difficulty (because the network would be dead).