Quote from: coinbiz on October 31, 2014, 09:01:39 AM

Quote from: labsbitforum on October 30, 2014, 05:35:06 PM

Quote from: brg444 on October 30, 2014, 04:39:31 PM

Quote from: labsbitforum on October 30, 2014, 01:56:34 PM

It's too bad that bitcoin allowed dedicated silicon (FPGA/ASIC) to participate. If they had adapted to prevent it there still would be large farms of CPU/GPU miners. But it would be a more level playing field and there would be more use of having that much computational power in play that could also be solving real problems and not just generating a lot of heat and having an overabundance of SHA256 brute force engines lying around.

But in reality it is almost impossible to create a proof-of-work mining algorythm that will forever remain ASIC-resistant so that point is moot

I'm pretty sure someone will come up with a good solution. Ethereum has a couple approaches that have merit and one will go in to practice soon.
https://forum.ethereum.org/discussion/197/mining-faq-live-updates
https://blog.ethereum.org/2014/06/19/mining/

You have got to be joking. Ethereum was one of the biggest scams in the history of alt-coins. Hope you didn't get burned.

Everything I have read and watched about what they are doing and the people involved leads me to believe the are 100% legit. I think their goals are ambitious and complex. Time will tell if they produce a viable decentralized crypto currency. Just calling them "one of the biggest scams in the history of alt-coins" with no basis is pointless FUD.

If you are going to chime in, by all means enlighten us.