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Title: delete Post by: CoinHumper on October 11, 2011, 09:36:35 AM delete
Title: Re: delete Post by: Lolcust on October 11, 2011, 09:46:44 AM So actually Protecshun fund is more like 5% extortion + 5% theft ? Ossom.
Title: Re: delete Post by: Lolcust on October 11, 2011, 09:59:01 AM Science fact: A million premined affects the market far less than a million hax-mined.
Title: Re: delete Post by: coblee on October 11, 2011, 10:02:12 AM Science fact: A million premined affects the market far less than a million hax-mined. Got to agree with you there. Title: Re: delete Post by: sd on October 11, 2011, 10:32:16 AM coblee, what do you make of the OP. everyother block goes to coin protection. It looks like CH designed this thing so the difficulty 1 'tock' blocks could only be generated by certain systems. It looks like some kind of rate limiting or block generating brake. It also looks like it's not working. Or it could be some kind of anti-forking protection. Even if working as designed his system generates twice the blocks three times as often as BitCoin, over time it's going to use 6 times the bandwidth and disk space. That rules mobile devices out of ever being part of the SC2 network. SC2 difficulty targeting is obviously wrong. The problems it suffers from have been widely discussed here. If CH released his design here he would have got flamed but he would also have got invaluable feedback. Now he has an implementation based on what appears to be an incorrect design. He has no choice but to fundamentally change that design. I for one am glad I slept though the whole thing. Title: Re: delete Post by: coblee on October 11, 2011, 10:33:05 AM coblee, what do you make of the OP. everyother block goes to coin protection. Only one thing to say.... Litecoin is coming soon. No premines, no coin protection fund, open sourced, and a fair release. BitcoinEXpress, if you are reading this, please don't attack Litecoin. :p Title: Re: delete Post by: 3phase on October 11, 2011, 10:59:09 AM Well, I was close to the answer:
https://bitcointalk.org/index.php?topic=47722.msg567749#msg567749 Indeed, blocks are found with difficulty 1, but only half of them, and only by CH's miners which are specially designed to mine without taking into account the current difficulty every other block. It wasn't a bug after all it's a feature !!! Who would have thought? Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins. No wonder BTCExpress thought that he was succeeding in his attack. Well, that also explains why all of Coinotron's blocks are ODD numbers (as in opposite to EVEN). Next thing that happens, BTCExpress or Artforz hacks a similar "super client" and start mining at difficulty 1 every other block, BEFORE CH manages to do so. This is surely going to be fun :). Title: Re: delete Post by: doublec on October 11, 2011, 11:05:56 AM Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins. That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.Title: Re: delete Post by: 3phase on October 11, 2011, 11:19:37 AM Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins. That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.Whatever the case, from a scientific standpoint it is an interesting experiment which will certainly be written of in the history of blockchains. "Remember Coinhunter and Solidcoin?" said the grandfather to his grandson. Title: Re: delete Post by: kano on October 11, 2011, 11:20:11 AM Hmm I wonder if that means that if CH stops mining, the whole network cannot produce any more blocks ... ... ...
No I'm not suggesting a way to take down SC2.0 - of course not. (what IP addresses are creating EVEN numbered blocks?) Title: Re: delete Post by: Bitcoin Oz on October 11, 2011, 11:24:26 AM Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins. That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.That would make sense. Besides..cant you just use a block explorer to see all the blocks and whats in them ? Title: Re: delete Post by: Spacy on October 11, 2011, 12:10:22 PM Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins. That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.That would make sense. Besides..cant you just use a block explorer to see all the blocks and whats in them ? You can also use sc_getblockbynumber... The TBX trolls just try to spread FUD because they know, SC2 is more advanced than their premined chain crap... Title: Re: delete Post by: Lolcust on October 11, 2011, 12:13:54 PM Well, your chain will soon have about a million rapidmined coins that are guaranteed to flood the market
Good game, SC2 Title: Re: delete Post by: DeathAndTaxes on October 11, 2011, 12:37:19 PM So
SC2 is open except the sourced code hasn't been made available. SC2 is distributed except that every other block comes from special trust nodes setup by a single person, without which the network simply can not run. SC2 is fair except 1 mil coins premined + 5% eternal tax + the most rapid coinbase inflation in history of crypto-currency. Title: Re: delete Post by: Lolcust on October 11, 2011, 12:45:47 PM Haxing solidcoins, sir!
Title: Re: delete Post by: Lolcust on October 11, 2011, 12:53:44 PM Well, your chain will soon have about a million rapidmined coins that are guaranteed to flood the market Good game, SC2 Lolcust I thought you were at least reasonably psuedo-sane... not expecting you to be pro-solidcoin but even in discussions I have seen you have and your adoption of my language on how to describe the fixed "inflation" rate to people who don't understand the difference in "inflation" and coin growth should know that the first couple weeks, heck the first couple months or years are a hiccup in the pricing model.... At this point it's not an inflation issue. It's a "dude(s?) with absurd amount of coins, absolutely no long-term plan, and openly hostile attitude" issue, unless you are willing to claim that the current state of affairs is primarily due to legitimate miners and not shenanigans on part of a hostile party. Title: Re: delete Post by: Lolcust on October 11, 2011, 01:09:58 PM TBX and SLC merge-mining is unlikely, assuming the PoW algos are different.
Anyway, I find the hypothesis that this spike is legitimate miners to be fairly implausible, but I guess we will have to wait and see how it will play out. Title: Re: delete Post by: johnj on October 11, 2011, 01:10:23 PM TBX and SLC are really the only 2 legit players now. SC is nowhere near 'legit' until it's difficulty gets situated. From where I'm sitting, the difficulty is borked. Title: Re: delete Post by: tacotime on October 11, 2011, 01:24:46 PM well, it's good to see sc2's launch is going as smoothly as sc1.
If that's the way 51% attacks are prevented, it's really half assed if not uncreative. Title: Re: delete Post by: 3phase on October 11, 2011, 01:41:39 PM Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins. That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.So does this system actually protect against 51% attacks? If so then a serious currency could implement this with difficulty 1 blocks that don't generate any coins. I agree with the implication. A serious currency would at least test this strategy extensively, and discuss it openly in the developer forums for quite some time, in case something has slipped their attention, and ends in Fkin UP their currency. Title: Re: delete Post by: Lolcust on October 11, 2011, 02:00:59 PM You have a small cohort of nodes mining the specialsauce blocks
Attacker just gotta catch them all... Title: Re: delete Post by: 3phase on October 11, 2011, 02:04:23 PM I agree with the implication. A serious currency would at least test this strategy extensively, and discuss it openly in the developer forums for quite some time, in case something has slipped their attention, and ends in Fkin UP their currency. Can you see any way for it to be gamed? Title: Re: delete Post by: johnj on October 11, 2011, 02:18:50 PM Security through obscurity is no security. Hashes go in, Coins come out You can't explain that. Title: Re: delete Post by: CoinHunter on October 11, 2011, 02:57:41 PM If you guys could be any more bitter we'd be making lemon juice in here. Until the algorithm is released what is the point in making judgements on things you know nothing about? Theorize what it could be sure but the implications are a bit ridiculous and designed to spread disinformation.
For the amount of time some of you spend thinking about what SC2 could be doing you could be looking at the block chain and figuring it out. But that would require actual work eh? Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. Title: Re: delete Post by: kano on October 11, 2011, 03:12:41 PM If you guys could be any more bitter we'd be making lemon juice in here. Until the algorithm is released what is the point in making judgements on things you know nothing about? Theorize what it could be sure but the implications are a bit ridiculous and designed to spread disinformation. Heh I'll keep a copy of that comment for the possibility that one day it may be released and may actually be all the real code and then ...For the amount of time some of you spend thinking about what SC2 could be doing you could be looking at the block chain and figuring it out. But that would require actual work eh? Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. well based on how much you hyped up SC1.0 with lies and then what happened to it, I certainly know what to expect. People don't change. Title: Re: delete Post by: tacotime on October 11, 2011, 03:55:47 PM If you guys could be any more bitter we'd be making lemon juice in here. Until the algorithm is released what is the point in making judgements on things you know nothing about? Theorize what it could be sure but the implications are a bit ridiculous and designed to spread disinformation. For the amount of time some of you spend thinking about what SC2 could be doing you could be looking at the block chain and figuring it out. But that would require actual work eh? Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. Or we could be disassembling your source code. Using 64-bit registers...? Title: Re: delete Post by: Syke on October 11, 2011, 05:05:35 PM Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. Pretty hypocritical of you to cry about copying when it was you that copied Bitcoin.Title: Re: delete Post by: Syke on October 11, 2011, 05:40:27 PM Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. Pretty hypocritical of you to cry about copying when it was you that copied Bitcoin.Title: Re: delete Post by: sd on October 11, 2011, 09:05:49 PM Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. Why would anyone clone a stupid central control mechanism for what should be a peer to peer currency? Why would anyone clone a retarded difficulty adjustment mechanism? Why would anyone clone your retarded fixed cost transactions? No-one wants to clone your unstable rubbish. You are only leading the way to your cultist followers all of whom are likely to be your aliases. If all you have is crappy design, crappy code, lemon party man, and anti-japan rant man you better give up now. You are already beyond a joke. Title: Re: delete Post by: bulanula on October 11, 2011, 10:15:08 PM Here is a theory, once the SC2 algorithm is out people will start cloning it into their chains, just like other parts of SolidCoin. There is a reason for this, we are leading the way. Why would anyone clone a stupid central control mechanism for what should be a peer to peer currency? Why would anyone clone a retarded difficulty adjustment mechanism? Why would anyone clone your retarded fixed cost transactions? No-one wants to clone your unstable rubbish. You are only leading the way to your cultist followers all of whom are likely to be your aliases. If all you have is crappy design, crappy code, lemon party man, and anti-japan rant man ;D you better give up now. You are already beyond a joke. LOL man thank you. Made my day. This forum is just too good to be true. Everyday there is somebody like this guy. High 5 ! Title: Re: delete Post by: Nesetalis on October 11, 2011, 10:25:13 PM I love sitting back and watching the progression of alternative cryptocurrencies as they march past.
Title: Re: delete Post by: BitcoinPorn on October 11, 2011, 11:06:01 PM I love sitting back and watching the progression of alternative cryptocurrencies as they march past. I swear to Christ someone needs to get http://z1x.dk/ on the blower to do a webcomic showing the presidents or governement or somebody putting together the american dollar bill, except it is being done out of spite of other peoples dollars and there is a flame war going on. Would make for a funny ass webcomic.Title: Re: delete Post by: Nesetalis on October 11, 2011, 11:47:32 PM indeed... Or just a comic with a few of the known, belligerent folks on here arguing over bitcoin... :p
Title: Re: delete Post by: BitcoinPorn on October 12, 2011, 12:36:04 AM indeed... Or just a comic with a few of the known, belligerent folks on here arguing over bitcoin... :p I imagine before we got here, Satoshi had a Tom Cruise avatar with some guy named RipplePayExpress shitting on him at every chance he got. Dear lord I am not saying CoinHunter is Satoshi or an equivalent, just jokes Title: Re: delete Post by: Nesetalis on October 12, 2011, 01:31:57 AM -snerks- ew...
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