Quote from: aso118 on November 21, 2014, 07:01:40 PM

Quote from: Beave162 on November 21, 2014, 02:48:05 AM

Quote from: Etern4l on November 21, 2014, 01:21:54 AM

YBCoin is no longer going to be a scrypt chacha coin so expect some of the miners to come either to yac or utc.
http://www.ybcoin.com/wp-content/files/New_YBCoin_Whitepater_V2.72_en.pdf

Ahhh, there is the whitepaper. Can someone much smarter than me explain a couple things... it isn't a fork right? It is a new YBCoin that can be exchanged with the old YBCoins, but people can still mine the old blockchain, right?

Is the entire switch supposed to occur by the 24th of November? Some of this info is lost in translation http://www.btc38.com/altcoin/ybc/4909.html

Virtual PoW just means a multipool with subsidies paid out to miners? People will always try to come up with schemes that they swear are win-win situations, creating value out of nothing. I like multipools, but they should be viewed for what they are: a marketing gimmick. What has fascinated me recently is the trend now toward centralization, to a single point of failure in the crypto-world.

Either way, I'd say this is incredible news for the future price of YAC. More miners equals higher difficulty equals lower PoW block reward. UTC isn't really comparable since it is at a different NFactor and the way the pools are setup, you are guaranteed to lose at least 3% of mining rewards.

This is interesting news. btw - did we ever make a whitepaper for YAC? I know there was some discussion about it before.

Should we start one in GitHub?

Yes, Github would probably be a good start. As far as I've seen, no one has started one yet.