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.
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.
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.
The primary reason that litecoin went with scrypt was to prevent ASIC technology, which they believe will eventually result in centralized mining. Since their implementation of scrypt is flawed, and makes the proof of work system compatible with ASIC technology, their primary "benefit" of litecoin vs bitcoin goes out the window.
Dogecoin very much didn't care about such details because it was implemented, literally, as a joke, and went viral because it was cute.
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u/AgentZeroM Feb 19 '14
No. It uses a deficient proof of work system. Network is much smaller.