Bitcoin Forum

I know how it started, but not the rest of the story. And I don't have time to read all forum posts... So it would be great if somebody can provide a summary.

I'm willing to pay like 25 LTC for a summary (or equivalent about in BTC). Maybe more if it is necessary...

Particularly I want to know:

1. What happened to first version of SC, why did it die?

2. Why SC2 was necessary, what were the features (!), was there SC->SC2 upgrade process (I mean, keeping coins)?

3. What happened to SC2, why haven't it took off?

4. Why do they want to make MicroCash, what interesting features will it have?

Solidcoins are now called Microcash.

The developer recently scammed his loyal followers out of 250btc.  He asked for that amount to start programming again, then promptly disappeared.

http://forums.microcash.org/index.php/topic/633-future-of-microcash/

51% attack (http://forums.microcash.org/index.php/topic/211-solidcoin-shutting-down-at-block-35250/).  It was merged mined with BTC so this was easy to do for any pool operator.  This is the same reason why no exchange will add TRC, because the possibility of a 51% is outrageously high since the authors didn't bother to change the mining algorithm.

Addressed 51% attack by using trusted nodes to solve every other block and thus make it impossible to achieve 51% of the network hash rate without being a trust node.  The trust nodes were mostly RealSolid/CoinHunter and his friends.
A 5% tax on all transactions was added.
Additionally a new hashing algorithm was implemented; interestingly, this algorithm hashed with AMD cards only slightly more quickly as with nVidia cards and CPUs.

1. Nobody trusted the trust node system because of RealSolid's megalomania
2. RealSolid decided it would be neat if he were to manipulate the market by making blockreward nearly 0 for a long period of time (in order to "make the blockreward correspond to the amount of electricity costs used to produce it", whatever that means).  Soon after the price of the currency tanked.
3. Taxes.

Because the price of the chain died after RealSolid's Communist manipulation of the currency market. Nobody knows really.

Nice way to treat the few people that still had faith in solidcoin

What a complete and utter wanker

Well I was there when it was only an idea so as well as I remember it.

1. RealSolid was an absolute moron who when we had the world just about by the balls decided to pick massive fight with the bitcoin developers/users due to some kind of deep seeded hatred/grudge he had against them. Once this foolishness broke out all kinds of people were threatening to attack the chain and bring it to its knees/screeching halt. It died because he did not want to fix the chain to prevent the problems that could be exploited to actually do the attack.

2. It was not necessary but as he told me when wanting to bail on the original SC it was chance to start over and do it his way. When you upgraded to the SC2 if you had your wallet.dat from the original SC in the SC2 directory then it converted those coins in that wallet to the new SC2 coins. One of the main ideas of the SC2 was the skimming off of the fees to trust nodes which RealSolid controlled plus massive pre-mine of coins in said trust nodes. This was supposed to be for the protection of the network, something I highly doubt as I already by that time knew what a scamming dishonest fucker he was.

3. Pure speculation but I think people just finally got tired of all the drama that idiot liked to create so gave up on it.

4. Continuation of the scam and his plan to become rich from it.

Oh yeah, I forgot about the 12 million coin premine as well as the CPF ("Coinhunter Personal Fund"), where all the amounts from the blocks the trust nodes mined would go to Coinhunter/RealSolid too.  RealSolid forgot to put it into his code that the coins from the CPF should all be signed from the same address and thus go to the same private key-pair, so there was an attack in SC2 where someone rerouted the CPF payments to their own wallet hilariously.

All the drama and lulz are coming back now.  :D

Solidcoin never was merged mined it was the time travel exploit that was threatened..

my bad

No problem no reason for you to remember the details like I do I lived it and lived to regret it thanks to that fool.

SolidCoin wiki page (https://en.bitcoin.it/wiki/SolidCoin) is a bit outdated, but is informative. Have a read.

Once upon a time there was the biggest dumbass in the world named, Realsolid.

He typed a bunch of bullshit into his computer.

Compiled it.

Released it.

Then acquired shills to help troll this subforum to hell.

Realsolid sucked ass at PR.

Realsolid sucked ass as a coder.

Realsolid touted his "great new payment system".

Then Realsolid went silent.

Then his shills started to ask when MicroRASH would be released.

Realsolid begged his shills to give him 250 BTC to finish MicroRASH because he was unemployed and could not pay his bills for his wife and family.

Realsolid was paid 250 BTC at least.

Realsolid made promises to deliver.

Which he has not.

THE END

 ;D ;D ;D

Note: sounds like every other scammer around here. Not able to deliver like a fat pussy.

Reading the wiki, I think the funniest thing is that solidcoins were once valued at 0.04 BTC each. Not bad at all given the premine, fees, closed source code, and other revenue extraction scams.

It shows something about success via merit vs. success via unadulterated megalomania. Also, it wasn't like RealSolid even cared about the failure. He seemed to just be making money and having fun.
 

well at the end uve got PPCoin ;)

PPC > SC

correct, but at the end he didnt create MicroCRASH, he developed PPCoin and guess what, it isnt that scammy like SC.
i really like the idea of proof-of-stake, but well here its the same shady stuff again.