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Largely agree. Litecoin is not bad, imho, as it is merged mined with doge. And doge has infinite supply. Kimoto gravity well, could be good. Vertcoin's consensus algorithm (Lyra2REv3?) is holding up quite well I think. MyriadCoin interesting technique with multiple different hash algos. Most are scams, and premines, but a few bits on innovation in there I think, among the old school PoW coins pre Ethereum.

JC Brand 2y ago

I'm mainly interested in Bitcoin and believe it's the most important project in the space, but I'm not a maxi of the type that says everything else is a scam. Even with the PoS coins I'm keeping an open mind. Lots of experimentation going on.

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Melvin Carvalho 2y ago

Yes, bitcoin is by far the biggest coin in the style of open source (cuts out the middle-men).

I think it's valuable to map out all the different consensus systems. And fiture out which ones are useful. e.g. CPU based vs memory based vs storage based etc.

And prepare emergency BIPs for the case if one day a weaknesses is discovered in sha256, or as a game-theory deterrent to prevent some type of mining disruption.

A good thing to research, I think we have 10 years to see what others have done.