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SolidCoin Now officially most a somewhat secure p2p currency
FTFY
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So now a 51% attack would involve getting 51% of the coins.
Actually if there are multiple contenders, 5% may be all that's needed to win the vote.
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Please add "unknown amount h4x-min3d during first day" in SC2
Hey lulz, could you please fill me in on how many coins there are per block? |
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If by premined you mean the number of coins that were generated in the genesis block then the premined amount for both Bitcoin and Namecoin is 50.
GeistGeld's minting model was linear and Solidcoin 1.0 was logarithmic I believe.
"Logarithmic" and "Linear" are a bit ambiguous I think. I would change them for "geometric series" and "arithmetic series" respectively.
Yes, logarithmic isn't even the right word, it just looked logarithmic to me when I saw the graph, but upon further investigation it is indeed geometric. |
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How is the SC 2.0 premine "disputed". The owner/king admits 13 million coins were premined.
They aren't useable and new information should appear as the source becomes open (if it does) |
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More criteria
Notice period : how long ahead of the go-live the coin has been advertised.
Tax : is there a tax like in SolidCoin.
Relaunches : how many times has the coin been relaunched
Topology : centralized (SolidCoin2) / distributed (others)
Do you have somewhere I could find relaunch info? |
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Does Minting Model = Logarithmic mean there is a fixed maximum number of coins. But these are mined using logarithmically diminishing rates? (I'm not an expert at all the alt-chains).
If so, you might want to include the maximum number of coins those Logarithmic systems will approach.
i.e. 21,000,000 for bitcoin.
Also perhaps how far down the curve each Logarithmic system is. Gives a feel for early adopter status.
i.e. bitcoin is projected to reach 50% distributed on (X date).
That is correct, good suggestion. |
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I think IX coin is the one with 580k premined, not bitcoin.
Thank you. I read Nasakioto premined 580k coins as Nakamoto premined 580k coins |
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Note: This is incomplete, you can help by commenting additions and edits.| ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | ---------------- | | Bitcoin | Fairbrix | GeistGeld | I0Coin | IxCoin | Namecoin | Solidcoin | Tenebrix | Solidcoin 2.0 | Litecoin | | Creation Date | 2009-01-03 | 2011-10-02 | 2011-09-08 | 2011-08-16 | 2011-04-29 | 2011-04-17 | 2011-08-20 | 2011-09-08 | 2011-10-10 | 2011-10-13 | | Coins/Block | 50 | 25 | | | | | 32 | 25 | See Code Below | 50 | | Block Gen. Time | 10m | 5m | 15s | | | | 3m | 5m | 3m | 2.5m | | Avg. Coins/Day | 7200 | 7200 | | | | | 15360 | 7200 | 15360 | 28800 | | Minting Model | geometric | arithmetic | arithmetic | geometric | geometric | geometric | geometric | arithmetic | geometric | geometric | | Scrypt? | X | ✔ | X | X | X | X | X | ✔ | ✔ | ✔ | | Price in BTC** | 1 | No Exchange | 0.00019 | 0.0012 | No Exchange | 0.016 | 0.0064 | 0.00829 | 0.0064 | No Exchange | | Open Source? | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | ✔ | X | ✔ | | Premined Coins | 50 | 100 | 7,700,000 | 0 | 580,000 | 50 | 30080 | 7,700,000 | 13,000,000* | 150 |
**as of noon UTC-6 Oct 12, 2011
*Most of these coins are designed to be unuseableExample of Geometric Decay Minting Model:  Arithmetic is just a line. Solidcoin 2.0 Coins/Block Code: BaseValue = 32;
BaseValue -= (blocknum/1000000);
if(BaseValue<4) BaseValue=4;
CoinInflationModifier = (Difficulty/50000.0);
BaseValue += CoinInflationModifier*BaseValue;
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Solidcoin seems to be in denial <t3a> how many premined coins does solidcoin have? <t3a> 2.0 that is <anden> who cares <Clipse> easiest answer <t3a> me <Clipse> alot less than tbx or gg <Clipse> next question ? <t3a> how many premined coins does solidcoin have? <Clipse> ALOT less than gg or tbx <Clipse> NEXT QUESTION ? |
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 and yes, I changed "you" to "your" before I sent it. |
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We've been using a logarithm curve since before you started posting so I assumed you had at least bothered to skim through the whole thread before posting. Removed the chart to avoid further confusion.
The derivative of number of coins would increase as the difficulty increased. if you're using log 2(x) as the number of coins per block and the number of blocks per time unit should be constant, then the formula for the number of coins per time unit as a function of difficulty would be y' = log 2(x) The anti-derivative of that would be x*(ln(x)-1)) ------------- ln(2) Conclusion: The number of coins per time unit wold be growing. |
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Since the creator gave himself 7million TBX before its creation, assuming there are enough orders to fill (surely there aren't), he has $245k
I wonder, why it does concern you so much, is this some peculiar competitive sense, or are you just upset that I didn't donate any to the "Solidcoin 2.0 makefile restoration fund" ? No, I am not a coin "fanboy" or anything like that. I just don't understand why people are using a coin that if/once it became mainstream, the creator would have more money than everyone else combined. Seems like a scam to me. I think that if you read 1st post in the TBX thread, you know that I have a far more fascinating plan then just "cash out", a plan that pretty much requires a buffer of several million coins to work (In case you didn't read, I plan to set up a transaction anonymization service that 1) has buffer in the millions 2) can operate without a website) That will make TBX and GG extra-attractive for SR types  Also, there is no upper limit on TBX generation, so at some point in the future, the Fun-d won't be all that big compared to the whole system Doesn't seem to bother people with bitcoin.
Admittedly that's a rather lower number, but still.
Doesn't seem to bother people with diamonds, gold, and USD (and the latter can be printed at a whim as well) IIRC, you said you wanted to make a money laundering service. |
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Since the creator gave himself 7million TBX before its creation, assuming there are enough orders to fill (surely there aren't), he has $245k
I wonder, why it does concern you so much, is this some peculiar competitive sense, or are you just upset that I didn't donate any to the "Solidcoin 2.0 makefile restoration fund" ? No, I am not a coin "fanboy" or anything like that. I just don't understand why people are using a coin that if/once it became mainstream, the creator would have more money than everyone else combined. Seems like a scam to me. |
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Since the creator gave himself 7million TBX before its creation, assuming there are enough orders to fill (surely there aren't), he has $245k
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Anyone want to take the overs on 3 of those predictions coming true?
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Not exactly e is quite unique in this matter, it's not really about the growth rate but rather about the "divisibility" of the currency in regards to spending. Base 2 is the second best choice for a physical currency, best is 3 however in our case we can exploit the base e which for a physical currency is just a idealistic assumption but in our case a practical possibility.
That sounds very vague to me. How does base e make a cryptocurrency more divisible than base 2? If the value/block was increasing and the target spacing was staying the same then you would have exponentially more coins as the difficulty increased.
I assumed you would have the target spacing decrease so there was a constant number coins being produced.
No, I'm not trying to make production either exponential or constant. If I wanted exponential I would use a linear relationship between reward and difficulty, like 1 coin per point of difficulty. If I wanted constant I would just make the reward 50 coins forever and be done with it. Yes, that's what I'm saying. If you have one block every ten minutes, then you have one block every ten minutes. If the difficulty goes up, then you have more coins/block, but still one block every ten minutes. This means that you either expect the difficulty to stay constant, or to go down. Otherwise you will have an exponentially increasing number of coins. The number of coins per block is f(x). Just because x goes up exponentially does not mean f(x) does. For example, if he was using f(x)=1/x, then the number of coins per block would approach zero. If that is true, his difficulty/reward chart is completely misleading. |
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Am I the only one who thinks the rabbit hole part is a little corny?
No but it's engaging enough for college students (sorry my eval group was all from RIT) If you have a suggestion i can send you your own pdf Maybe some reference to The Matrix like "Are you ready to take the red pill?" or is that getting too old for college students now? It's newer than Alice in Wonderland. No, just any movie reference that makes Bitcoin sound like some dark unseen underground movement where you will discover stuff that is hidden from you. Bitcoin is a currency, not an secret rebellious movement, not a hacker group, not a conspiracy theory, not an anti-government group, a currency. |
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Congrats, you now have 1/7000000th the coins of lolcust.
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