Quote from: jk_14 on November 20, 2014, 07:37:59 AM

Quote from: oblox on November 20, 2014, 04:52:40 AM

Quote from: silencesilence on November 19, 2014, 10:39:56 AM

Quote from: urima2 on November 19, 2014, 10:31:01 AM

I am pleased to announce Vertcoin will be changing its Proof of Work algorithm to Lyra2. Lyra2 is a password hashing scheme much like Scrypt that is not easily parallelizable and has scaling hardware difficulty that depends on memory and processing power.

Vertcoin has always been and will continue to be the leader in decentralization of cryptocurrency. Lyra2 is a natural successor of Scrypt providing an improvement on the same fundamental purpose scaling hardware difficulty. The decision to move to this algorithm comes as a preemptive strike against ASICs and a move against Multipools. As many of you know, we have several concepts in the hopper to remain in step with the Vertcoin charter Vertcoins [algorithm] is designed to resist the development of custom mining hardware and multipool mining, ensuring that transactions are validated by a widely distributed network and avoiding the selling pressure when large mining pools indiscriminately flood the market with freshly mined coins.

This means..we gotta push to get vertcoin to the point it deserves!

It is the crypto coin of the future

+1

price will soon increase with the speed of light

Changing an algo does not change the inflation rate that is killing the coin.

Just wonder, in your opinion:
Exactly the same inflation rate - is killing Litecoin or is not?

Yes, as well as lack of innovation.

Quote from: cnerd on November 20, 2014, 08:20:14 AM

Quote from: jk_14 on November 20, 2014, 07:37:59 AM

Just wonder, in your opinion:
Exactly the same inflation rate - is killing Litecoin or is not?

dude... just ignore everybody that mentions the word "inflation".
This whole "inflation" debate is completely pointless. Somebody heard somewhere a few buzzwords and decided that he is now the Master of them economical models, so he should now come here and enlighten us all...
Pointless, every time.

Quote from: Deadstock on November 20, 2014, 01:02:27 AM

I believe in VERT!

I believe in James

You don't have to be an expert on economics to understand what inflation is. Simply put, too many coins are being mined everyday with not enough buy support to sustain the existing new supply among the current supply. Until you have buyers (demand) for those new coins, price has no where to go but down. To ignore inflation or this very fact means you have been totally oblivious to the constant downward price action in your coin. But... if you are fine with that, continue disregarding inflation.