Correction: Shadowstats puts the inflation number at 10% based on bullshit.

http://delong.typepad.com/sdj/2011/12/james-hamilton-on-shadowstats-and-niall-fergusons-claim-that-true-inflation-is-more-than-10-per-year.html
http://voxrationalis.wordpress.com/2011/05/15/the-absurdity-of-shadowstats-inflation-estimates/

etc. ad nauseum

if inflation is 10%, prices double every 7 years. this is clearly not the case. please have some sense and realize that wild and crazy claims might just not be true.

Don't include merged mining and you won't have to worry about this disaster.

https://bitcointalk.org/index.php?topic=64637.0 - this is my proposal for using a difficulty-based coin award. unfortunately it features a big kludge where accounts are flat-taxed if mining drops. I think it would actually work pretty well for this style, but the threat of losing money, even if you're not losing value, will turn people off.
https://bitcointalk.org/index.php?topic=49683.0 - this is my proposal for a completely different style of coin not based on a block chain and does not require mining for security

IIRC, the price had gone from ~$32 to $15 before mt. gox got hacked. And nothing irreversible actually happened, it was only through the site, no coins were actually lost.
The bubble happened because bitcoin's scarcity was artificially increased by those with existing coins. There was hardly any volume on the way up to $30, just very few actually putting coins up for sale.
It was simply a matter of "I have X amount of coins that will make me X dollars and they're burning a hole in my pocket" that caused the "crash," and the fact that the great majority of people were not stupid enough to believe bitcoins were worth $30+.

Although it sure had me fooled and I've signed up and supported candidates, it is just another corrupt organization.

http://ouroregon.org/sockeye/blog/americans-elect-truth-behind-corporate-scheme-swipe-2012-election

There are plenty of links out there detailing what they did to essentially give their self-elected board complete veto power over who gets on the ballot regardless of how the members ("delegates") voted. I do hope they actually get a 3rd person on the ballot just to shake things up, but I am not putting any faith in their organization nor will I give them a dime.

Oh, well if you say so it must be true.

An astute observation, my dear MoonShadow, quite unlike your implication that the Fed has some control over the federal government because it is its biggest lender.

OHNO THE FED PAYS ITS OWN SALARIES, THAT MEANS THEY HAVE THE US GOVT BY THE BALLS

HEARD IT HERE FIRST!

Note that I said profit.

The Fed may be the largest creditor, but any profit the Fed makes goes to the treasury, so this is always a silly point.

The real problem is whom the politicians are indebted to. The problem beyond that is this cycle of inflation that makes saving money absolutely pointless so that one cannot hedge their bets against economic collapse. If savings were actually rewarded by having increased purchasing power in down economies, one would not be forced into 401ks and IRAs and their ilk and thus at the whim of the economy. But then the middle class would have a lot more clout, and that simply isn't good if you're wealthy.

MC is apparently heavily promoting a lite client. But the funny thing is, you don't get paid for having a full node, you just get paid for having a lot of coins. Since there is not necessarily any future correlation (I will admit there is a current one since like 10 people use SC), you are just getting paid by having coins.


They are switching to an account ledger rather than a transaction ledger as described in various places around the forums here. RS claimed on his forums that "he just thought it up." This means that accounts use up about 1/4th the space of a bitcoin transaction, and there is only 1 balance per address, so there is a significant reduction in the amount of data required to store any given address. This is somehow reasoning for charging a daily fee (in reality, it allows for the charging of a daily fee, so the RS group decided to take advantage of that).


Yeah I don't follow his logic at all there either.


God exists because the Bible tells me so.

Try not being vague. "Oh I was talking about this, now I mean this!"


More unsubstantiated talk.

Zero confirm transactions are no safer under Litecoin than Bitcoin. Because here is the reality: to easily and successfully pull off double spends in a retail environment, multiple people will use the same coins in different places at the same time. AFAIK both bitcoin and litecoin clients will not transmit "double spend attempts", therefore it is unlikely that a merchant will ever see a double spend to know that this is happening. This attack is far, far easier than any other, and any 13-year old script kiddie can figure it out. In 2 minutes your customer is out the door and out of your reach.

"There are no recent results for your search query. Below is a sample of the type of results you will get."


Schooled on what? The fact that you are a complete waste of bytes around here?

You are a total baboon.

Why do you insist on responding with irrelevant/incorrect information? How is difficulty/4 * 6 just as probable as difficulty * 6? "100 blocks for confirmation" has nothing to do with what we're talking about. That is only for coinbase transactions.


I am not a probability expert, but I would like to see some actual math to back that up. It may be true, but it's still irrelevant to the discussion about transaction times.

Hey buttface,

I have nothing to do with CH and you should well know this. I only call things as I see them, and this is obviously a bullshit piece that was contributed by someone who likes to stir shit up, aka YOU.
With google alert, you can check what items were indexed today under specific terms, and as I said, neither show this article. If you have "microcash ripoff" alerted, then you would probably get the alert. If you have "microcash" alerted, you are going to be receiving 10s of emails per day as this term is not specific to the new solidcoin. Even looking through 15 pages of google "solidcoin ripoff" does not show this link.

Now I don't know a whole lot about Gavin, but I highly doubt he wrote this piece, which again means it was contributed to someone who likes to stir shit up, aka YOU.

Do you have anything to do with identi.ca?

Anyways, it is obvious you wrote this.

Broseph, try to stay relevant. Block speed has nothing to do with block reward, and litecoin is designed to halve the reward at the same ~4yr pace as bitcoin.

I scanned the thread and there is nothing enlightening in it in regards to faster blocks, mostly just you going off about how the world is out to get you and can't understand how great your idea is.

There is no massive downside to 10 minute blocks; there is no massive upside to 2 or 2.5 minute blocks.

funny how google alert does not show this article for either solidcoin or microcash, and you have to dig I don't know how many pages deep when searching for microcash to find it

That's why I said "assuming an identical hashrate"... It is true if the hash rates are (qualitatively) identical. As it is now, you probably need 100+ confirmations in litecoin to equal 6 bitcoin confirmations. Possibly way more, I don't know.

haha I didn't catch that

riiiiiight

so did you write that yourself?