Mike Murphy wrote:SHA-3 - the Maxcoin cryptographic hash function - will be the new hashing standard soon. The technology driving the infrastructure of bitcoin will become more and more deprecated over time while new investment money will prefer more secure and efficient technology that can be built around SHA-3.
Maxcoin is unique right now because it is the only viable Proof-of-Work hashing algorithm to mine with GPU's as more scrypt ASIC's come online. Maxcoin will be the refuge of GPU miners and is still one of the most profitable coins to mine with your GPU right now.
When the block reward of Maxcoin start to reduce over time, the inflationary effects are dampened as coin generation reduces and demand organically increases. While prices are falling now, you have to remember, almost 20% of all of the Maxcoin have already been mined. At the end of 12 months the block reward halves again and as long as the hashrate of the network is maintained, Maxcoin is not going anywhere. Like Bitcoin, it's value is 'designed' to increase over time, despite wild short term price fluctuations in the early stages.
Maxcoins fundamentals are sound, and the network is technically healthy compared to most coins that have virtually zero hashrate. It's highly traded with a very wide initial distribution. There are people buying large amounts of Maxcoin right now for pennies. And their positions are increasing daily. There is plenty of room in the emerging cryptocurrency markets for innovative competitors to the existing established blockchains. More crypto is good, not bad for the world. If there was more crypto and less fiat, the world would be a much better place.
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