Charlie Lee Re-Proposes Merged Mining: Says "Dogecoin Was Not Designed to Survive"
During Charlie Lee's speech at The North American Bitcoin Conference in Chicago, the topic of Dogecoin was brought up a few times. His speech was all about the steps coins need to take to be successful, when someone from the audience sparked up the mergedmining topic. Lee is the creator of Litecoin, and a few months ago he offered Dogecoin a merged mining deal with Litecoin. But if the Dogecoin developers continue to not take action, he believes that Dogecoin will not survive. CCN. Lee's speech was all about how digital currencies need to diversify their mining platforms, rather than copy....
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The surprising success of dogecoin has changed the way that miners view the scrypt algorithm. And that's not good for litecoin or doge, according to Charlie Lee. On the dogecoin subreddit, the litecoin creator has proposed merged mining of the coins in order to ensure better security: "Litecoin's security is a lot less than it could be. So merging mining with dogecoin would make both litecoin/dogecoin almost impossible to 51%." What does '51%' mean? When Lee refers to this 51%, he's talking about a '51% attack', an exploit that could be made possible if a miner or a pool could take control....
Charlie Lee believes that merging the mining of LTC and DOGE may save each of them from Scrypt-ASIC exploitation. Charlie Lee, creator of Litecoin, yesterday publicly disclosed communication from him to Jackson Palmer, the co-creator of Dogecoin. In the message, Lee makes the case for merged mining of Litecoin and Dogecoin. "Its unfortunate the dogecoin kept the same mining algorithm as litecoin," Lee states, " as we are now competing for miners." Lee goes on, "What do you think? I would love to see a world where litecoin and dogecoin both thrive and work together instead of competing for....
Dogecoin has fallen from the early, heady days when no one really cared about the sustainability of the coin and everyone was riding their shibes to the moon. Today, Dogecoin is facing a whole host of problems, but perhaps the biggest of them was just solved. Dogecoin was facing the possibility of a 51 % attack. The coin is rapidly lowering it reward rate for miners. That obviously is resulting in fewer miners which means a lower hash rate and a less secure network. The coin's community has decided to go forward with merged mining. Enabling merged mining will allow users to mine Doge and....
Dogecoin continues doing good in the face of security challenges. Welcome back to The Weekly Doge! I must be honest Shibes; this week has been one of soul-searching for the Dogecoin community. Between the merged mining debate, and Wafflepool surpassing 51% of the network's hashrate, we heard opinions from important voices like Jackson Palmer and Charlie Lee; unfortunately some very nasty Shibes showed their teeth as well. Although, the week also had its great moments; with Dogecoin receiving some very important positive public relations attention as well as promising developments in the....
The Bitcoin adoption rate keeps increasing by the minute, I swear. With now another e-commerce giant, Dell, now accepting Bitcoin the list of Bitcoin accepting merchants just increased by one. A very big one if you ask me. Read the full report from Bitcoinist. You could also check Coinbase’s blog, the payment processor that snagged Dell. Big win for them! Dell also has page informing people that they are accepting Bitcoin as well as an FAQ, seen here. As the hashrate of Dogecoins network becomes low, low enough for one person with a dedicated ASIC farm to 51% attack Dogecoin, many are....