21–30 of 81 posts
Why there is not a bcrypt option for Proof of Work Algorithm? (Technical question: There are a lot of AltCoins out there. Why no one proposed a AltCoin where the Proof of Work Algorithm is based in bcrypt?)
a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing their asses off. something we will probably see in the next couple of years
Why there is not a bcrypt option for Proof of Work Algorithm? (Technical question: There are a lot of AltCoins out there. Why no one proposed a AltCoin where the Proof of Work Algorithm is based in bcrypt?)
a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing their asses off. something we will probably see in the next couple of years
I was thinking about this the other day, that people will start making their own crypto currencies, trying to cash in on a new currency and have it work out like it did for the early adopters of BTC. These currencies will be very volatile, but all of them will become part of a new Forex landscape. If you think there's a lot of speculators now working with bitcoin, wait until people start trying to play arbitrage with…
Why there is not a bcrypt option for Proof of Work Algorithm? (Technical question: There are a lot of AltCoins out there. Why no one proposed a AltCoin where the Proof of Work Algorithm is based in bcrypt?)
a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing their asses off. something we will probably see in the next couple of years
Why there is not a bcrypt option for Proof of Work Algorithm? (Technical question: There are a lot of AltCoins out there. Why no one proposed a AltCoin where the Proof of Work Algorithm is based in bcrypt?)
a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing their asses off. something we will probably see in the next couple of years
Earlier quoted context omitted.
a lot of them use scrypt, so you can't use asic mining. in my opinion that is the single biggest flaw in bitcoin. I bet a whole bunch of people are laughing their asses off. something we will probably see in the next couple of years
can you explain the disadvantages of allowing asic mining?
Earlier quoted context omitted.
can you explain the disadvantages of allowing asic mining?
Not everybody has ASICs, so it limits the number of people who can compete. In theory, this could create a centralisation effect. In practice, that seems to happen anyway due to mining pools.
Funny idea, but why trust these binaries not to mine for the author?
Who runs the nodes for bootstrap? If the server that runs this is US based and they allow trademarks through, you'll get a C&D within a week. Lawyers make their money googling for this stuff. All someone has to do is register "paypal" or "amazon" or "exxon" etc. and the fun will be over shortly. Creator might want to take their name and home address off the domain registration.
I'm not sure if this is a parody.