Search content
Sort by
Showing 8 of 8 results by bubdubub
Re: [ANN] Garlicoin - Reddit's Garlic Bread Worshiping Currency
Unfortunately you can scam people and not even be doing it on purpose. Think pyramid scheme where the lower level people are convinced its a real thing and are trying to recruit new people.
Garlcoin was claimed as ASIC resistant from day one. So whether they knew that to be true or not (doing it on purpose or not), yes people were scammed into thinking it; along with an unknowing (young to cryptos) community that was firm in the belief. So its just like the analogy I made. People not having the technical knowledge to know if it was true or not selling to other people their unjustified knowledge.
scam noun [ C ] uk /skæm/ us /skæm/ informal
an illegal plan for making money, especially one that involves tricking people.
You can't even compare it to ponzi schemes... You can make your own definition of a word, but it won't be true just because.
Anyways im done with OFF.
scam skam/nouninformal noun: scam; plural noun: scams
1. a dishonest scheme
lol go back to your flat earth memes.
Re: [ANN] Garlicoin - Reddit's Garlic Bread Worshiping Currency
scamming is misleading someone on purpose. do you really think that is happening?
Unfortunately you can scam people and not even be doing it on purpose. Think pyramid scheme where the lower level people are convinced its a real thing and are trying to recruit new people.
Garlcoin was claimed as ASIC resistant from day one. So whether they knew that to be true or not (doing it on purpose or not), yes people were scammed into thinking it; along with an unknowing (young to cryptos) community that was firm in the belief. So its just like the analogy I made. People not having the technical knowledge to know if it was true or not selling to other people their unjustified knowledge.
Quote
Forked from LTC, this decentralized cryptocurrency with no new technology (except it's ASIC resistant!!) will help you through the darkest times in your life.
and then it literally took one btctalk post to prove everyone wrong.
RELEASE THE TITANS!
Re: [ANN] Garlicoin - Reddit's Garlic Bread Worshiping Currency
Well, kinda late. 
Yeah, but at least it can't be hijacked by some uninformed wannabe scambuster. 
Well there were confirmed ascis so it's less "wannabe scambuster now" and more "scambuster."
https://bitcointalk.org/index.php?topic=1283859.msg29687371#msg29687371
https://www.reddit.com/r/garlicoin/comments/7vs8vx/someone_brought_up_the_big_guns_3597_mh_8_of/dtv2q3s/
https://i.redditmedia.com/wmGCLUAkI10Bg08q7yQmSDcSqZk6YXebQgw8PHYFmzI.png?w=1024&s=a5278ccd6df25682e65d767ea689b125
https://www.reddit.com/r/garlicoin/comments/7vstsz/someones_got_alot_of_hashing_power/
That aside devs are starting to do some serious talks so thats nice. Long live Garlicoin~
Looks like a fun project, with some disgruntled people on this thread. Looking to invest a little $$$$ into this sucker. Any long term projections by anyone?
Thanks in Advance
Thanks in Advance
Nobody knows, its almost impossible to predict such young crypto-currencies.
https://i.imgur.com/L0OT5LC.jpg
Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency
If you guys haven't seen, we released a statement yesterday regarding all the issues addressed in this thread
https://medium.com/@retosen.dev/an-explanation-3119e44407ba
https://medium.com/@retosen.dev/an-explanation-3119e44407ba
>THERE WILL BE NO FORK TO BAN THE COINS.
>NOTE: THIS PROPOSED HARD FORK WOULD NOT RISK YOUR FUNDS IT MAY NOT EVEN BE ACTIVATED
Why not just couple the two into a single hardfork? When you go to change the algorithm just denote bad transaction flags to the addresses.
> After talking with pool operators, they have made it clear they will not support a fork to ban the 40k.
Weren't some of the pool devs apart of the original dev team? So it would make sense that they don't want a hardfork if they were the ones with the coins?
Re: [SCAM] GARLICOIN - Reddit's Garlic Bread Worshiping Currency
the "example" is showing SCRYPT capabilities, not scrypt-n. The difference being scrypt isn't adaptive (it doesn't change over time) and coins like litecoin are forever stuck at nfactor 10 (unlike scrypt-n's nfactor 11 with automatic increases over time)
also, the speeds they show in that article are very clearly indicative of nfactor 10 mining (as the knc was showing to do nfactor 11 at about half the rate it can do nfactor 10, which is how pretty much all devices react to nfactor bumps as long as they have the memory capacity)
I am NOT doubting that the knc titan can do nfactor 10 or nfactor 11. I AM doubting it can do nfactor 12 or above. There aren't any coins out right now that even run nfactor 12 so there would be no way to currently test such capabilites. (and there weren't any when the knc titan was in production as vertcoin forked away from scrpyt-n before doing an nfactor bump.
Vertcoin already experimented with different nfactors and basically the consensus was to switch to a different hashing method.
https://bitcointalk.org/index.php?topic=404364
It's not the argument if an ASIC exists now, its if an ASIC could be designed to mine scrypt:n and the overwhelming idea is that its possible. So if you're looking for long term success, no scryptn is not the way to go. There's a reason most scryptn, x11, x13 coins are dead or on their way there.
>inb4 litecoin is still alive and well
There's no economic analysis to say ASICs are a bad thing for cryptocurrencies. Yes it 'tends' to lead to centralization and away from the original intended model. But for all intesive purposes the coins that are doing really well are getting pounded by ASICs.
So basically you have 2 choices, not claim ASIC resistance, or not give a fuck. Unfortunately Garlicoin already claimed ASIC resistance.