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Did you basically copy the solidcoin code to fix yours ? Wow :O.
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I suspect that when the difficulty drops the price will skyrocket. Anyone else think the same?
Wrong. Lower difficulty = more miners = more sellers = lower price. Well why is the price dropping now even though the difficulty is higher? My guess is that the price is directly correlating with how many GH/S the network is currently pushing. So the lower the difficulty, the more GH/s so the higher the price? I guess we will see when the difficulty drops, I think that's what everyone's waiting for. |
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I suspect that when the difficulty drops the price will skyrocket. Anyone else think the same?
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Let's let these new currencies establish themselves first then when it is time they will be added for trading on those exchanges. Until then let's just enjoy the mining and profit =)  It's going to take more than just mining to make any of these currency's viable alternatives to Bitcoin. We have to be very realistic with ourselves and understand that it is going to take much work and perseverance to make any secondary block chain a viable alternative. We don't do ourselves any favors by pretending that everything will just happen on it's own. There needs to be a community effort, and all Bitcoin related technology's. |
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lol @Bitcoin Banks. Jesus Christ we really do need some PR people... |
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Please explain why he's wrong coinhunter.
Sure, since the difficulty can only raise in three bands 2%, 6% and 10%, and decrease to whatever level is necessary (upto 4x) where is he getting this 20% figure from? If we are at target hash rate it will maintain that level within 2%. The other thing to consider is the target hash rate is more like "the maximum" wanted, it's different to BTC where 10 minutes is "Desired". "3 minutes" isn't necessarily desired in SolidCoin, it's the maximum. CoinHunter, I am wondering how did you expect "Maximum coin generation of 18.9 million (18900000) to be reached by ~2022" if you do think that 3 minutes is not necessary for a block and 3 minutes is the maximum in solidcoin. Because I can't tell you exactly what it will be. All I can say is at 3 minute blocks it will be roughly 2022.  Even bitcoin developers can't reliably tell you their chain lifetime. Bitcoin could be dead in a week. Yet no bitcoin developer realizes it. SolidCoin will still be working, and very fast, as long as someone is hashing. Just check the average block times over it's current life vs any other chain. Then look at the massive amount of mining power variance. Miners have very little influence over the speed and reliability of the SolidCoin network, and this is what end users and businesses want. Reliability. They don't want to have to tell their customers "oh 20% of the miners electricity costs were too high this week so they stopped mining and that's why there was a 12 hour waiting period for your sale." Could you please explain this more or less in layman terms? Why is it that miners dropping from the network have no effect on transactions processing? Why does Bitcoin have this weakness and SC is immune? |
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Don't know if this issue has been already brought up, but as I understand it, there is a problem with SolidCoin retarget algorithm that will manifest itself when the difficulty reaches the hashrate. Since it considers only the last 240 blocks when retargeting (correct me if I'm wrong), there will be huge fluctuations in the difficulty level. I ran some quick simulations, and you can expect the difficulty level to regularly fluctuate between +-20% where it "should" be, and more than that in some rarer cases. So every once in a while, you'll have situations, where the "real" difficulty according to the "real" hashrate should be 10000, but SolidCoin target is actually 12000 and drops to 8000 with one retarget (33% drop), and all this while the hashrate is static. LOL, you better rerun your tests again. Could we please get a clue in here. Please explain why he's wrong coinhunter. |
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How about no Mr. I'm Bruce Wagner and I'm holier than thou.
This is the Bitcoin community, if you don't like it you can fuck off. No amount of moderation is going to solve us. They already tried here and look how much help that did, you will be no better.
Just because you had your little fanclub get together in NYC where you could circlejerk each other all day long doesn't mean we all think the same. In fact a lot of us think you alone are the biggest downfall of Bitcoin.
Also I have no idea how you ended up in media with your rediculous overuse of ellipsis. Every one of your posts is like reading the facebook updates of a pre-pubescent girl.
You will be lucky if more than 50 people sign up to your pathetic excuse of a forum.
You're just a pathetic troll who changes his name every 2 days, STFU |
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Maybe for like 2 BTC's . |
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If time it takes to mine 240 blocks exceeds 12 hours then the difficulty will drop.
Got it?
No not yet, trying really hard to though lol. Is there anywhere we can get stats on the SC network with projected difficultys? |
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how long does it take for the difficulty to drop?or does it ever drop? it seems like it just keeps on increasing
Wondering the same exact thing? "Twice daily difficulty retargets" ? |
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Relaxed and friendly? There is no community, and hardly nobody posts there except you and your bots.
"And what exactly do you think will cause this huge demand for bitcoins in the next 4 months? As for my prediction, Bitcoins will continue to sputter along, slowly dropping in price, maybe stabilizing at ~4-5 dollars by being bought out by naive nerds who think they are "getting in early". " Your intentions are very clear Gerken. Go play elsewhere. |
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Everyone should move all SERIOUS discussion of Bitcoin to TweetForum, bastion of valid discussions
... and censorship. After all, what is an open source project without some proper censorship eh!?  What does a forum dedicated to an open source project have to do with censorship? Open source is only.. open source... conservapedia?I'm not against you in the argument, i guess this forum needs a small cleanup but nothing extreme. However this is totally the wrong thread for this discussion (and should probably be cleaned away). I think you missed some of Flip's comments on how he wanted to ban everyone from this forum who doesn't agree with him. That's how he does it on Tweetforum too, which is why it has such a low user and postcount. That is what I was referring to. We have only been open for 3 short months and already have 2700+ members. And thousands of hits every month. We are also working on a whole new custom-made platform that will more closely align TF with my original vision. So it's only going to get better and better . I haven't actually had the pleasure to ban anyone like you, because the TweetForum community seems to be a relaxed and friendly one. People who seek to divide and conquer aren't welcome |
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Where ever it stops I do know we will only be there for a few short moments, so make sure you guys are paying attention. Last time there was a downturn like this, the bottom low lasted for less than 60 seconds.
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OEM means no warranty right?
OEM means Original equipment manufacturer . |
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i vote in favor of simply banning people that make spam threads like these.
There are way worse people who need to be banned. He's actually right lol. |
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Hurricane should be driving the price down. There is nothing else going on right now other than people working on their projects, and speculators speculating dooms day ! LOL |
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