Title: Bitcoin vs Solidcoin Post by: The Pet Board on August 22, 2011, 06:40:21 PM What are the differences between bitcoin and solidcoin? Is one better than the other?
Title: Re: Bitcoin vs Solidcoin Post by: joulesbeef on August 22, 2011, 06:53:07 PM ahhhh trying to get out of the newb section huh?
basically Quote Features include :- Faster transaction processing Protection against pump-n-dump by large pools Twice daily difficulty retargets 3 minute blocks, 32 SolidCoins per block rewarded to miners Maximum coin generation of 18.9 million (18900000) to be reached by ~2022 Fixed transactions fees instead of unknown variable fees in BTC Interface improvements Different address format JSON API improvements more basically, it doesnt have much of a chance to dethrone bitcoin but has many interesting ideas Title: Re: Bitcoin vs Solidcoin Post by: Maged on August 22, 2011, 06:56:14 PM What are the differences between bitcoin and solidcoin? Is one better than the other? Basically, all of the secondary blockchain defense mechanisms are removed in favor of convenience.Title: Re: Bitcoin vs Solidcoin Post by: btcoiner on August 22, 2011, 07:02:50 PM pretty much everything so far is an attempt by someone to be an early adopter. Nothing will ever overtake or even make a dent in bitcoin unless it is ABSOLUTELY revolutionary
Title: Re: Bitcoin vs Solidcoin Post by: Absentis on August 22, 2011, 07:57:40 PM The main difference that I see is that SolidCoin the most "successful" bitcoin "alternative" that will no doubt fade away just like ixcoin and i0coin. I don't imagine SC replacing or having any kind of impact like BitCoin apart from being exchanged at bitparking.
My take on the whole thing? People get involved with SC to get more BitCoin which is fine by me since it shows the value that people place in BC. Title: Re: Bitcoin vs Solidcoin Post by: silverchair on August 23, 2011, 03:31:38 AM Its the physical and the virtual.
Title: Re: Bitcoin vs Solidcoin Post by: Hydroponies on August 23, 2011, 03:17:26 PM What are the differences between bitcoin and solidcoin? Is one better than the other? Basically, all of the secondary blockchain defense mechanisms are removed in favor of convenience.Could you please elaborate that point a bit? I thought that there were no changes this dramatic made to the bitcoin protocol. or does it have to do with the shorter block generation time? Thanks! Alex p.s. Also, since this is the Newbie-Forum, i'm not sure what "secondary blockchain defense mechanisms" are Title: Re: Bitcoin vs Solidcoin Post by: joulesbeef on August 23, 2011, 05:17:01 PM I did not know solidcoin had a newt problem.. i'm definitely staying away
Title: Re: Bitcoin vs Solidcoin Post by: smoothie on August 24, 2011, 05:38:56 AM I did not know solidcoin had a newt problem.. i'm definitely staying away What newt problem is that? Title: Re: Bitcoin vs Solidcoin Post by: andrewbadr on August 24, 2011, 06:37:55 AM SolidCoin an incremental improvement over Bitcoin. Replacing Bitcoin will require an order-of-magnitude improvement. Non-starter.
Title: Re: Bitcoin vs Solidcoin Post by: johnj on August 24, 2011, 03:41:56 PM I read earlier on the forums
"Sometimes people are willing to pay gold for rocks. So people mine rocks" Title: Re: Bitcoin vs Solidcoin Post by: spruce on August 24, 2011, 03:50:21 PM SolidCoin an incremental improvement over Bitcoin. Replacing Bitcoin will require an order-of-magnitude improvement. Non-starter. It's meant to be a complementary currency and coexist with Bitcoin. Anyway, right now 1 SC is two orders of magnitude cheaper than 1 BTC. :) Title: Re: Bitcoin vs Solidcoin Post by: Beta-coiner1 on August 24, 2011, 04:26:31 PM I read earlier on the forums I guess some can say that.I'd say "I already have two of those,and they are quite valuable"."Sometimes people are willing to pay gold for rocks. So people mine rocks" On the issue of solidcoin,I have to say that regardless of its downfalls it still is currently more profitable than mining Bitcoin if you got in early enough....and still somewhat is.I'll probably do it for two more days and dump it all. Title: Re: Bitcoin vs Solidcoin Post by: Mousepotato on August 24, 2011, 04:36:15 PM SolidCoin an incremental improvement over Bitcoin. Replacing Bitcoin will require an order-of-magnitude improvement. Non-starter. It's meant to be a complementary currency and coexist with Bitcoin. Anyway, right now 1 SC is two orders of magnitude cheaper than 1 BTC. :) For a currency, there's been a shameful lack of effort to get vendors to adopt it and there's no apparent infrastructure behind it at all. 100% of the effort has been dedicated toward development of the block chain and client. Unfortunately that's only one small piece of the puzzle in getting it accepted as actual currency. Title: Re: Bitcoin vs Solidcoin Post by: joulesbeef on August 24, 2011, 05:37:53 PM I did not know solidcoin had a newt problem.. i'm definitely staying away What newt problem is that? Title: Re: Bitcoin vs Solidcoin Post by: Anonymous on August 24, 2011, 05:53:50 PM Simple. Bitcoin is valuable solidcoin is not. Google "network effect" if in doubts. "At this inchoate phase for #bitcoin, the network effect can be overcome with an aggressive branding campaign." I just read that now :D Title: Re: Bitcoin vs Solidcoin Post by: Anonymous on August 24, 2011, 05:56:40 PM SolidCoin an incremental improvement over Bitcoin. Replacing Bitcoin will require an order-of-magnitude improvement. Non-starter. It's meant to be a complementary currency and coexist with Bitcoin. Anyway, right now 1 SC is two orders of magnitude cheaper than 1 BTC. :) For a currency, there's been a shameful lack of effort to get vendors to adopt it and there's no apparent infrastructure behind it at all. 100% of the effort has been dedicated toward development of the block chain and client. Unfortunately that's only one small piece of the puzzle in getting it accepted as actual currency. The bitcoin client and blockchain could do with some 100% time. Title: Re: Bitcoin vs Solidcoin Post by: jgarzik on August 24, 2011, 07:53:28 PM For a currency, there's been a shameful lack of effort to get vendors to adopt it and there's no apparent infrastructure behind it at all. 100% of the effort has been dedicated toward development of the block chain and client. Unfortunately that's only one small piece of the puzzle in getting it accepted as actual currency. The 2011 Bitcoin Conference demonstrated plenty of people and businesses working towards this. Title: Re: Bitcoin vs Solidcoin Post by: Maged on August 25, 2011, 12:50:02 AM What are the differences between bitcoin and solidcoin? Is one better than the other? Basically, all of the secondary blockchain defense mechanisms are removed in favor of convenience.Could you please elaborate that point a bit? I thought that there were no changes this dramatic made to the bitcoin protocol. or does it have to do with the shorter block generation time? Thanks! Alex p.s. Also, since this is the Newbie-Forum, i'm not sure what "secondary blockchain defense mechanisms" are The same applies to if there is a temporary (at least one day) split of the internet somewhere. Users would only have 6-12 hours to notice and stop accepting coins. Bitcoin was designed with these "limitations" for VERY good reason. Title: Re: Bitcoin vs Solidcoin Post by: lupuyu on August 25, 2011, 01:23:51 AM fast and safe!
Title: Re: Bitcoin vs Solidcoin Post by: Darknesss on August 25, 2011, 04:06:29 AM It is
Title: Re: Bitcoin vs Solidcoin Post by: offshoregenius77 on August 28, 2011, 07:45:42 PM Simple. Bitcoin is valuable solidcoin is not. Google "network effect" if in doubts. That seems like an absolute statement, and in a fast moving niche like virtual currency, I would caution you to look at the graveyard of former currencies. NO ONE knows the actual future regarding solidcoin vs bitcoin.... Its like saying you know where the price of gold is going! OG Title: Re: Bitcoin vs Solidcoin Post by: ThomasV on August 28, 2011, 07:57:24 PM What are the differences between bitcoin and solidcoin? Bitcoin will still be there in 1 year Title: Re: Bitcoin vs Solidcoin Post by: Kinmasa Hota Soto on August 28, 2011, 08:03:13 PM Solidcoin will for sure be forgotten in the next month but another crypto currency can be better than bitcoin and destroy it
It can happen soon |