Why would Lightcoin provide hotbeds for PoW version meme?

The faithful Letco miners were surprised to discover that, in the meantime, as long as they opened up to dig for the Letteco, they would be able to enjoy the PoW version of the mountain meme, with a long list of other flowers in addition to dog coins, and achieve a real one-hundred-hundred. According to data from the old mine pool f2pool, the amount of all kinds of coins that were given by digging for Lettcoin is already as high as DOGE, BELLS, LKY, PEP, JKC, Dino, SHIC, CRC, among others, and far as the HTR, ELA, NMC, FB four. The Lightcoin network seems to have become a meme currency arena in the PoW Consensus version, where a variety of PoW-style symbiotic currencies coexist under their calculus.

One truth that may be unusual for a new man who encrypts is that the main income of the Letelco miners today is to dig for the dog money from the Letelco, not the Letelcoon itself, or it could have been shut down long ago. This parasitic relationship, on the other hand, goes back to the historical context of the joint mining of Letelco and Dogcoins, a community rescue in 2014. At that time, only half a year of dog money had been born with a sharp decline in the heat, with a consequent decline in network computing and a rapid decline in incentives for independent miners. Dog coins use the same Scrypt algorithm as Lettco, but their design is extremely radical, with about 95 per cent of the supply to be dug up in the first year. This means that by the 600,000th block, the doggy coin block incentive will be sharply reduced to an almost negligible level, miners lack incentives, and network security risks 51 per cent of calculus attacks. Faced with this dilemma, the dogcoin community, after intense discussions, decided to accept the offer of Li Kaiwei, the founder of the Lettcoon, to save the dogcoin network by combining mining.

*So far, we can still see in Bitcoin Forum the lively discussions of the 2014 OGs.

The rationale for combining mining is to allow miners to mine for the main and secondary chains with the same calculus, without changing the economics of the two chains and the rules of consensus, thus achieving a single stone of two birds. In August of the same year, the dog coin successfully implemented a hard-drive fork, officially opening the mining model of the combined mine with the Lettcoon. The initiative quickly showed a win-win effect: the Lethecomin miners would be rewarded with dog money for nothing without any additional input, and the dog currency would no longer be safe because of its strong calculus. At the time, the mine even used the slogan "Diglat, get the dog" to recruit miners. But at the time, the dog coin was considered a worthless joke. $0.000185, which means that the proceeds of dog coins seized by miners from joint mining are even negligible, and most miners at the time treated the dog coins only as electronic collections.

But with the addition of Musque in 2021, the dogcoin community grew rapidly, while the money went up at an extraordinary rate.$One step away, four thousand times more in seven years, and the slogan "Deeping Wright, delivering Dogs" was dramatically reversed to "Deeping Dogs, delivering Wright", the value of dog coins, and the market value were gradually moving beyond the Letelco itself to become a more attractive dish in the eyes of miners, and the Latco is more like a gift. Dog coins contribute about 75 per cent of the mining earnings of Letco miners even at their peak. It is dog coins that are constantly being rewarded to sustain the profit space of the Letco miners and to make them willing to continue to maintain the Lettco network online. Lattcolin is a reliable source of computational security, while doggy coins provide economic incentives, which complement each other.

The marriage of dog coins to Letcoco became a good thing. Tens of years later, new projects were not released on Etheleum or Solana, but instead imitated doggie coins and created the PoW Renaissance. The PoW meme currency, which is currently used for mining in combination with Lettco, has formed a super-mix that covers several members of the community currency from the early days to recent years. Most of these projects are of a meme colour or community background, and their respective origins and location are interesting:

• Bellscoin.: Billy, founder of the dog coin·Marcus created the currency as early as November 2013, inspired by the currency "ring money" in the Nintendo Game of Animals. It was even eight days before the dog coin, the first meme in history. As a result of its limited influence at the time, Bellscoin, after many years of silence, was able to restart its upgrading, driven by the community, in support of the mining merger with the Lettcoin network.
• LuckycoinThis is also a long-standing chain, which is the source of the dog coins that went straight fork in the year. LuckyCoin was born in 2013 with a random block incentive mechanism; the dog coin was originally designed for a mining incentive using LuckyCoin ' s random algorithm. Today, LuckyCoin has also joined the Leitco mine through retrofitting, which is tantamount to reunifying the great-grandfather chain and the grandkids on the same machine.
• PepeCoin: Encrypted currency with the theme of web-based sad frog. PepeCoin is the world's first decentrized security zone block chain for Pepe communities. The project ' s early state of affairs is unknown and is distributed as high as 100 billion. The PEP is now connected to the mining complex and is now on the offline part of the exchange, and has acquired several hundred million dollars in market value through Pepe memes.
• JunkCoinIt was originally, by definition, a dirty piece of junk, essentially similar to the LOWB in Bullsville for 21 years. JKC was introduced as a joke in May 2013, when it even entered the 26th place of CoinMarketCap. It was abandoned by developers after 2016, but in recent years it has been saved by a group of self-declared garbage community members who supported a combination of mining with Lettco through code upgrades in the hope of turning old junkwood into legends.
• DingoCoinCreated in 2021 by a group of Australian community developers to create an easy, fun and affordable cultural currency. DingoCoin, named after the Australian dog Dingo, is a distant Australian relative of dog coins. It uses an unlimited supply, a one-minute block, similar to the dogcoin parameters, and supports a mining merger with Lettcoon.
• ShibaCoinThe name is "Tay Dog", but it's different from SHIB in the Ether. SHIC is an independent PoW encrypted currency developed by paparazzi enthusiasts for the carnival community, claiming to be a fun currency for all carnivals and carnivals, which is essentially a modified branch of the dog coin. It does not pre-drilled, and uses the Scrypt algorithm to reward up to 62,500 SHICs per block, following a high-inflation distribution route.
• CraftCoin: There is some speciality in this memes. CraftCoin is based on a re-engineering of the Leytcoin code, originally intended as a universal virtual currency for the Minecraft game server. Players can buy and sell in-play items on the Minecraft server that supports CraftCoin and transfer money between servers. The project was born around 2014 and attracted interest in the playing community. But now CraftCoin also has access to Leytcoin combined mining, providing small-scale additional benefits to miners, as the concept of "coin-up" has been replaced by various tokens.

These are small currencies that combine minerals through the use of Lettco, some of which are well known (e.g. bell coins), some of which are purely funny (e.g. garbage coins), some of which are followed by hot spots on ETH (e.g. canine coins) and others which pursue specific cultural or applied scenes (e.g. craftscoins). However, they present a common strategy for survival: the energy of the Itoletcocoin and the ecology of the miners to keep the block chain running. For miners, these currencies are by-products of the mining of Letelcoin, and an additional piece of revenue is always good; for the project itself, the ability to have mineral output block chains does not stop, and there is an opportunity to wait for the next red opportunity. This bilateral consensus has led to the evolution of a subsidiary PoW version of the memeco spectra: Latco has served as a tree and calculator platform, with many meme coins competing under their shades as parasitic foliages.

But why is it that the PoW version of the mecco coins have chosen to dig together with Lettco and not to climb a larger tree like that? The historical origin of the Scrypt algorithm is one answer to this question. Merger mining requires the same Hashi algorithm as the main chain, with Scrypt algorithms used in Letcoco, and Scrypt is often chosen for earlier large numbers of scrypts (especially the various meme coins that emerged in 2013-2014). It is to avoid direct competition with the Bitcoin of SHA-256. As a result, these projects are naturally adapted to be a parent chain for combined mining. In retrospect bitcoin, its large SHA-256 arithmetical ecology, although it has also supported a combination of mining with a chain like Namecoin, is more focused on the BTC than the interests of its miners, which can hardly be shaken by a small-value fun currency. In the Scrypt mine world, it can be said that Letelco plays the role of a bottom-up calculator, large enough, but not so big as a single family, making it possible to work together to win. Bitcoin is over-centralized and expensive, and littlecoins are incapable of reaching. Technology is one side, but more importantly, community culture and ideas. Lettcoin calls himself "bitkin, LettGin," a slogan that sings many cycles. But the dog coin, and then a bunch of memes, represents the subcultural power of a grass-roots community. The success of the doggy coin was to turn the joke into a huge consensus that coincided with the second-line positioning of Light Silver. It is now a result of a two-way choice when the Lettco ponds are willing to add a variety of consolidated currencies, and miners welcome multiple income streams, which also require a relatively mild primary chain environment.

But the real question is, how far can we go to dig a 100-percent model? Or, more realistic, how long will the money last? Will you survive the next bear city winter? Didn't EOS, Peercoin (the first PoS block chain) and the red pole bitt stock fade out of the sand in the big waves? We need to admit that for these parasitic meme projects on the Lightcoin network, a combination of mining is certainly a recipe for survival. In the long run, however, the viability of this model will depend on its own values and community-building. Many of the memes of combined output, which are still being dug, sold and offered by miners, are only a means of increasing income for miners and lack practical use and demand for currency holders or users. This means that these projects are more like financial derivatives attached to Leytcoon: Miners see them as subsidies, speculators as leverage, but few really use them. If that were to be the case in the long run, the prices and market values of those currencies would be difficult to do, and once the market had retreated, it might be able to fall back into silence again. It is foreseeable that, in the future, very few projects with a unique cultural appeal (e.g., dog coins) will be able to survive and retain influence over the long term. Other purely windy imitations, at best, are just a figure on the miners' returns and are unlikely to grow into real ecology.

It is also a double-edged sword for Leytcoin itself. On the one hand, the presence of numerous ancillary chains ensures the earnings of the Letco miners, stabilizes against loss of computing power and indirectly benefits the security of the Letco network. On the other hand, over-reliance on the economic returns of ancillary chains, especially doggie coins, means that the mining ecology of Lettco has been highly tied to the fate of these meds. In the event of an accident in the future, or a large-scale evacuation of the Letco miners, network security would be affected. By the same token, if one day the Littercoin Agreement itself adjusts (to imagine that the OP-Return contest on bitcoin in that year) no longer compatible with the existing auxiliary chain, these little coins will be lost and quickly disappear. For the time being, this is unlikely to happen in the short term, and there is good relations between the developers of Lettco and Dogcoin, with both parties having the incentive to maintain a stable state of integration.

Perhaps in the next cow-market cycle, we will see some of the melody coins that are dependent on the Leytcoon suddenly burst hundreds of times, giving the miners an unexpected gain; there may also be more modest gift money that will be taken off the stage and replaced by a new winder. In any case, a hundred stories will continue. As a witness to all this and as a bottom-up feat, the role of Lettco is somewhat ironic and admirable, and it is the cornerstone of the unheard of calculus, which allows a bunch of ridiculous and interesting innovations to evolve and collide in themselves...