Bitcoin Forum

As of now Solidcoin.info and solidcointalk are offline. it _appears_ to be a ddos attack on them, but is there any proof its not the stabilizing pet botnet that we all know as "8=====D" from the early days of the block explorer? Did Realsolid finally stop financing his chain and therefore lost control on it? Appears more likely now that he was giving up supporting his own piece of copy&paste and stopped worrying.
My prediction is a massive sell on BTCe now that Solidcoin is finally dieing.

BEX took the responsibility for the attacks on BTC-e apparently, in retaliation for RS/CH/whoever calling BEX a n00b, but who knows what's actually going on.

It's also claimed that everything related to SC2 is being DDoS'd too, from the trusted notes to the block explorer to the forums to solidcoin.info.

Wow that is a whole lot of conclusion jumping going on.

Personally I think SolidCoin (is it a scam? ) will be around for a long time.  Every time you think it is gone it will pop up to annoy the community.   Kinda like digital syphillis.

Would not have been the first occurence of such a thing.

There have been enough examples of when pool owners banned a botnet the botnets turned against them. And it has been pretty obvious that Solidcoin2 had its "pet" botnet in the beginning to boost Hash and stabilize coin generation (and also to ddos the big 5 btc pools)... so, who says it didnt turn its back on Solidcoin now?

Yes it has been shut down by FBI.

Regards,
Agent Smith

Well, he deserves it there's no question there, but hopefully no "innocents" get taken out in the process.

And on that day... nobody gave a single fuck about SC  :P

Thank god for ammunition...

you know btc-e is down for everyone right now.... Its not just u :)

Vircurex is down too... jeez.

edit: Looks like http://slc24.com/ is toast too

damn, hungry for a taco now

Coinhunter holds the private keys to the SC tyrant-nodes. He will always speak for them.
It is why we refer to them as sockpuppets.

I'll have to take your word for it, I was taken out in the last series of mass bannings.  ::)

Man alive... This is painful to watch. I hope at least one of these coins survives all this nonsense.

Why?   If they die from something as simple as this, they should not exist.  You can't take down bitcoin with a DDOS attack.

I'm not concerned with the DDOS from a technical standpoint, and actually, they're good in a way, since they force devs to up the ante a bit.  Rather, these childish wars as whole between competing coins don't paint a pretty picture for merchants who just want to do good, clean business.

Imagine China and India duking it out, bombing each others' mints, and burning their banks to the ground. Who's currency do you want to use? Neither? You want to stick with USD?? What's wrong with you? lol

I'm happy to report that despite this lame DDOS attempt on a couple of Solidcoin websites, the Solidcoin network is running perfectly with no issues. Just sent a test transaction which confirmed within 3 minutes. As most of you will know, the websites are in no way connected with the Solidcoin network itself, so a DDOS on them has no effect.

The two major Solidcoin exchanges, slc24.com and btc-e.org are also working well with no issues.

So no, Solidcoin has not been shut down.

There's still time :)

Looks like the site is up to me :- http://solidcoin.info

If people want to ddos the SolidCoin websites then there isn't much that can be done. DDoS are temporary and have nothing to do with the decentralized SolidCoin network. Over 1500 different SolidCoin nodes have existed in the past 3 weeks, try DDoSing them all. :P

I hear that SolidCoin are offering DDoS website protection to anyone wanting it, so any businesses wanting it can get some cheap/free protection from the teenagers who think it's cool using their botnets.

And in related news Idi Amin is still dead.

Wasn't put in place until the latest attack. But we'll see how it goes I guess.

Welcome back Coinhunter/Realsolid/Viper/Psy/Sockpuppetdujour.

If people want to ddos the SolidCoin tyrant nodes, there is nothing that can be done. The block chain stops until the tyrant nodes are able to process blocks again. Of course, now that the DDOS is over transactions go through. Notice the complete lack of comment about how great Solidcoin was doing until after the DDOS ended.  :D

SC2 = fair weather blockchain.

Imagine how much fun SA could have when they compromise a tyrant node.

Lol, Coinhunter cracks me up :D

DDOS in progress - Coinhunter says "..."

DDOS stopped - Coinhunter says "Pff, look! Everything is fine!"

DDOS in progress - Coinhunter says "..."


Douche :D

And yet despite obvious bullshit, Solidcoin has ton of followers. I think Coinhunter wastes his true talent with Solidcoin, he would do much better for himself as a cult leader.

he should totally run for office

The reason SolidCoin attracts people is because it has clear progression from Bitcoin and the goals they have gel well with many intelligent and logical people. Of course such a thing is "heresy" on these forums as SolidCoin is competing with Bitcoin, but if you came onto irc or the forum you'd see they have a different "class" of supporter than Bitcoin.

I don't think it's cult like at all, logic just appears that way as it gives everyone a clear guide on how to interpret the world truthfully.

Why were the block rewards of SC cut down by what, 10,000% This was because there was so much demand?

Have a read here :- http://solidcoin.info/economy.html

Basically it's more to do with adding an automatic inflation / deflation mechanism and removing the remaining pyramid scheme aspect from the economy. From this point on coins are pretty fairly made now vs 2 years from now. It's also a market stabilization feature that many businesses want before they adopt a cryptocurrency. So now it's fair to mine without devaluing past coins and eventually will be a very stable price due to these features.

Thanks for clearing that up ;)

he's just afraid someone catching up with a million coins, and become another enforcer node.

If you find an SC block, you earn about 0.07 Solidcoins for it. Someone would have to find 14 million blocks before they could have a tyrant node.
Of course, RealSolid would raise the difficulty and lower the reward long before anyone else got close.

IIRC someone computed that Solidcoins would have to be worth $24 each before one could break even mining them.
So, nobody mines SC. There is almost no volume of SC trades on exchanges. There are no merchants that accept SC as currency. This, according to the controller of Solidcoin is according to plan.

Ask yourself what someone who pre-mined 13 million coins wants for the currency.

Yes, there is nothing to hide there because it's the truth. SC1 was essentially bitcoin economics cloned (pyramid), SC2 moved to a much fairer system that was half way between Bitcoin and what we have now and finally we are at a fair system. In essence the first "easy coins" are a way to get investment, interest, supporters, etc. If you don't like the fact the first part of SolidCoin was a pyramid scheme like Bitcoin then don't use it, don't invest in it. See if that's a smart business decision.

Bitcoin remains a pyramid system so when trying to get new investors is going to become incredibly difficult the later you join the pyramid. SolidCoin doesn't suffer that problem anymore making it more marketable.

I think the simple concept of a pyramid system is over your head.   :(

If I mine a bitcoin today, no one who mined before me makes anything from it.

Unless you have a different definition than the rest of us?

I'm talking about the "Reward system" being pyramid based. As in 8 months it will be 25BTC instead of 50BTC. If you join in 8 months time and begin mining you've just immediately halved your Bitcoin mining potential for no other reason than "it's a pyramid reward system, get in early".

Bitcoin is marketed as finite and a deflationary currency, but the reality is that mechanism is in there purely to get people interested and investing in it because they think one day each Bitcoin will be worth ONE MILLION DOLLARS!! Satoshi developed it like this so people would be interested, he licensed it under MIT so people could change it freely (SolidCoin) and then dropped off the planet because the reality is Bitcoin is more the "rocket booster" needed to get the real delivery system (something like SolidCoin) into general use to remove the stranglehold governments have over us.

Read an article about Bitcoin like this, and compare it to SolidCoin. We've fixed the criticisms.

http://www.good.is/post/why-bitcoin-is-a-scam/

The truth is Bitcoin will never be an internet currency. It doesn't have enough units (2 quadrillion) to even cover the existing financial system we have, let alone what it will grow into. SolidCoin can grow into it, and it has many automatic ways to ensure relatively stable price that people want in a currency.

Still no less delusional though.

Such arrogance!

The block chain is still creeping along with a few kHash of mining, but exchange trade volume is nearly zero. The bid/ask spread is nearly 50%.
I think we can safely declare Solidcoin dead. Though I am sure it will limp along for a few weeks like Ixcoin and I0coin did.

That is not pyramid based.  A pyramid is when the person above you makes a portion of what you make.  Educate yourself before you use the term again, please.

There is a term that describes early adopters making more than those who come later.  I invite you to discover it and use it instead of the incorrect "pyramid" term.   ;)

I suggest you draw the following.

1) Draw the amount of bitcoins given at 50BTC as a line
2) Draw the amount of bitcoins given at 25BTC as a line above (1), center it
3) Draw the amount of bitcoins given at 12.5BTC as a line above (2), center it
4) Draw the amount of bitcoins given at 6.25BTC as a line above (3), center it


Ends up looking something like this.

http://1.bp.blogspot.com/-JvkPoGXph6w/Tk6EAlkGkiI/AAAAAAAAAK0/oFFxlVYFci4/s1600/bc_pyramid.png

I wonder what that looks like.. hmm.

You have a choice to educate yourself or remain ignorant.  Oh well.

The early miners of Solidcoin (you) made a lot more coins that the ones that mine it now.  Isn't that what you call a pyramid?

One person (you) makes a piece of each coin mined.  That is the actual definition of a pyramid.

By your incorrect usage or the actual definition, Solidcoin is a pyramid scheme.   :( 

If remaining ignorant is not seeing the reward system is shaped like a pyramid then yes I'm glad I'm "ignorant" :P

If you would like to educate yourself on the person currently controlling the Coinhunter account, you can read about his former identity on these forums at this link: https://bitcointalk.org/index.php?topic=64960.0

One word(ish) to sum this all up.

Kapwnt

Is this graphical representation really what this clown is offering as argument?

Are you really that fucking stupid CH? Wow, your ignorance never ceases to amaze in the vast breadth of its scope. You have artificially manipulated the block rewards for your precious little joke coin in a proclaimed effort to prop up the value, even gone as far as artificially inflating the value for a few moments by dumping a few dolars of your own money into it and claiming that blip as the new reality, and yet the bitcoin process playing out EXACTLY AS IT WAS DESIGNED TO DO, ACCORDING TO THE THEORETICAL MODEL UNDER WHICH IT WAS DEVELOPED is your concept of a pyramid scheme?

You are truly proof that the intellectual gene pool has a shallow end.

And I apologize to my regular readers for re-using that particular remark. I pride myself on original abuse to heap on this waste of respiration, but I am flummoxed by the depth of his ignorance, and am tired so I am recycling.

gene pool?

more like a puddle.  ;D

So the entire daily output of the Solidcoin economy was $1. Clearly Solidcoin is taking over the world. Too bad the world in question is the demented ravings from an unmedicated sufferer of manic-drepression.

calculations please. :P

Well it is roughly double that.

0.07 per block, 2 minute target on even blocks.
24 * 60 /2 * 0.07 = 50.4 SC per day global mining reward.

SC ~= 0.01 BTC.  
50.4 SC * 0.01 BTC per SC = 0.504 BTC per day.  So two 5850s. :)

lmao.

*edit

and if those two 5850s were used to mine sc..

it'll only generate 1.89 sc, where they need to reach the price of $5.23/sc in order to break even.

way to lose $.  :P

They work for him because he owns the private keys for the tyrant nodes. The tyrant nodes control the block chain and the pre-mine.