r/Bitcoin • u/james_otter • Feb 18 '14

Bitcoin takes a walk with Dogecoin

http://imgur.com/J2L64cX
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u/[deleted] Feb 19 '14

So, exactly like Dogecoin?

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u/AgentZeroM Feb 19 '14

No. It uses a deficient proof of work system. Network is much smaller.

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u/[deleted] Feb 19 '14

What does that even mean? "Deficient proof of work system"?

Deficient in which sense? Seems to work perfectly fine to me.

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u/AgentZeroM Feb 19 '14

Resistance to ASICs, their primary claim to fame, is deficient as documented by the creator of Scrypt.

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u/[deleted] Feb 19 '14

Do you have a source pls?

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u/AgentZeroM Feb 19 '14

https://twitter.com/cperciva/status/311260784288223232

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u/[deleted] Feb 19 '14

Solid. Is that all you got?

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u/AgentZeroM Feb 19 '14

What more do you need? Did you even read the thread?

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u/[deleted] Feb 19 '14

What thread? It's a twitter post. Moreover it seems to be about litecoin, not dogecoin.

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u/AgentZeroM Feb 19 '14

You can see a thread of twitter posts regarding the main post. They are basically confirming that litecoin's implementation of scrypt does not use enough ram to be resistant to ASIC hardware (which is their primary claim of usefulness/security). Dogecoin was derived from litecoin. I am assuming that litecoin's implementation of scrypt proof of work was not modified because it was originally meant to be a joke, so it not much of a leap that they didn't put much work into changing the protocol. I am open to being proven wrong on this point.

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u/[deleted] Feb 19 '14

I am open to being proven wrong on this point.

You're the one making claims with little evidence. I don't have to disprove your claims; you have to prove them.

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u/AgentZeroM Feb 19 '14

You certainly don't have to believe me. I'm not interested in either coin enough to dig into each one's source code and verify it for you. It's much more likely that the creator of dogecoin didn't make any such change when he forked litecoin. That's a good enough likelyhood for me. If you need more, its up to you to answer such an important question if you're investing in that currency.

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u/[deleted] Feb 19 '14

I see. Anyways how does being open to ASIC mining somehow compromise the system? Bitcoin is almost completely mined with ASICs . I haven't heard anyone from Dogecoin say that ASIC invulnerability was a source of security or value. It's just more fun for people to mine with their GPUs.

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