Bitcoin are also not "useful". If we added 10M bitcoin to the economy today, price WILL drop to zero.

All merged mining would do is skyrocket solidcoin difficulty above bitcoin difficulty, except taking a long, long time to do so. An increase of supply of that size will also drop sc price below ixcoin or even i0coin price! I do not support merged mining for any cryptocurrency - it simply doubles the chance of disaster.

People will pay for that just cause it's the first commodity without value .

I personally think that smaller PPS pools are very dangerous to run and mine on, especially if they have a low or zero fee. A malicious individual with access to a competing proportional or the like pool can pull off a bankrupt-to-kill scheme by focusing all shares submitted onto a target PPS pool, but discarding all blocks submitted (this pool would itself by acting as a worker for the PPS pool, but passing the work onto its workers). The losses could be covered up by increasing share stales and marking all blocks as stales, and they would be limited at approximately the PPS pool's fees. The miners would simply feel a long block since the submitted blocks are being marked as stales, but the PPS pool would be paying almost twice as much they earn if the attacker had similar hashrate! Then the attacker withdraws at once all the funds of the PPS pool and resumes normal business, having managed to bankrupt a competing pool.

I do think this thread was a joke, although your post might be sarcastic. Ah well, can't ever tell on these forums .

IMO, merged mining is not a good idea. It would drive the I0Coin difficulty above the BTC difficulty if it weren't for shorter block times (the shorter block times do help, but have the same effect). If BTC difficulty were higher than I0Coin difficulty, then miners would profit by submitting pure-i0 blocks as well as i0-btc double-blocks. This will make solidcoin algo useless (except for slow rises, which is disputable since the rapid increase in hashing power would provide 0-security blocks and chains).

Okay then, sorry for any misunderstanding. I do believe that solidcoin is an improvement over bitcoin most definitely, but that is the same thing with namecoin, yet people have not "fleeced" there from bitcoin.

CoinHunter, with all due respect, I think this post is perhaps a little overstated. Bitcoin has itself been very vulernable to security (see: trojans, theft, etc.), but the changes made in solidcoin I feel have not remedied this. The GUI settings are still in wallet.dat in solidcoin, aren't they? And solidcoin also does not yet have accessible wallet backup.

Calling the bitcoin devs "trolls" is not appropriate. I suggest you renege on this post, and return to the attitude you had when you first released solidcoin: saying things like "Solidcoin will by next to Bitcoin as silver is to gold" instead of "Bitcoin is programmed by 12-year-old idiots and I am laughing at them".

SovietCoin - All your coins go to the government

BitcoinCoin - Coins lose 50% of their value every week

TheismCoin - Balences are controlled by a central deity or deitites

AtheismCoin - Balences are controlled by the laws of physics

EinstienCoin - All balences are relative

I1Coin - Actually lasts more than a week

LiquidCoin - 33 minute blocks and pump-and-dump optimizing difficulty adjustment

FredCoin - 90% of coins are premined

3DCoin - Cool 3D graphics of each coin

noiCtiB - Doesn't compile

ForkCoin - Each node sets its own rules. Blockchain forks are encouraged.

404 Not Found. Here's the real link.

I don't think this offer still applies.

I personally think there are more than three, but these three seem to be major. I'll list them and their effects, tending downwards or upwards here. Please make some corrections to this (I am not economically capable at all, so do not take these notes as anything serious).

Demand
Bitcoin advertises itself as a "supply and demand" currency. To obtain bitcoin, there are three major methods (ignoring gambling):

• Provide a marketable good or service priced in bitcoin
• Mine bitcoin
• Purchace bitcoin with other currency

I would argue that purchacing bitcoin with other currency has only a positive influence on the price, providing goods or services tends it up somewhat, and mining them tends it up slightly. The last one might be most difficult to understand, as many people blame miners for causing the recent 20% decreases in a single week. However, my justification for that is somewhat psychological and somewhat logical: an additional miner can only bring difficulty up, causing mining profits to go down on average for everyone. These profits decreasing will stop some people from shorting bitcoin, and instead placing higher asks. Similar to the advice you might recieve for auctioning: "Set the minimum price higher, and you will get a higher offer".

Fundamentals
Bitcoin is a rapidly inflating currency if money supply is used to measure inflation. As of 2011-08-26, the annualized money supply growth rate is 44.5%! This meets a certain definition of hyperinflation if money supply is used to measure it. Unfortunately, CPI is not available for Bitcoin as there does not exist enough commodities priced in bitcoin. So, instead of meauring inflation, we are forced to measure supply. In contrast, this year the US money supply will increase by approximately 4%. So, fundamentals are a heavy negative weight onto bitcoins price, but until recently have not seemed to surpass the combination of demand and speculation.

Speculation
There is no doubt that bitcoin was previously, and likely still is, traded as a stock or higher-risk investment. The market is very shallow, and small trades can affect the price signifigantly. A large rally to 30 USD and above occured not too long ago, promptly crashing as investors tried not to risk their entire investment. This seems to affect price both upwards and downwards.

So, what do you all think?

Long slow slide? Of course! That's what these charts say!

$8 just fell, and wasn't fake. Looks like thousands of BTC were thrown at it.

I like the development of mexico but shall not jump to pesos. Only reason is that its currency sign looks the same as dollar sign.

(note: please do not take this post as more than a joke)

There is absolutely no reason that longer block times would increase security though. If that was true, than you could argue that one 60 minute block is just as secure as 6 10 minute blocks. This is not the reason shorter block times are bad, as consider this example:

I have so much of the network hashing power that on a ten-minute block system, say Ten-coin, I have a 1% chance of producing a block in one minute. Therefore the amount of produced blocks in ten minutes on average is 0.1, and the rest of the network produces 0.9.

I switch over to a five-minute block system with equal hashing power. I now have approx. 2% chance of producing a block in one minute. Therefore the amount of produced blocks in five minutes on average is 0.1, and the rest of the network produces 0.9.

Since double-spends require more than one block in a row, and you have the same share of blocks in a five-minute system, the chance of more than one block in a row is the same or marginally increased.

Doubled? Almost tripled! High: 0.01749900. Or should I say Low: 57.14612264. This is the biggest RALLYCRASH ever!

Edit: And as I said that, the price is going to crash to 0.013. Solidcoin has successfully completed the past 6 monthes of bitcoin in 3-4 days.

Volume: 167620.87080450
This is 26% of all solidcoins mined so far, right? Wow. That's some kind of volume.

Edit: http://solidcoin.kicks-ass.org/graphs/graphs.html
This exchange rate rally has the bitcoin bubble speed of growth beaten. Doubled, nay tripled price in a day.

So why is there a gold thread here?

Last Price: 0.01200000