I guess you don't count part where you had to shut down the Solidcoin network and rebuild the protocol because of deep seated flaws. Remember Solidcoin 1.0? What happened to 1.0? It got rolled up. Yes it was mostly based on Bitcoin, and Bitcoin code is shit. So of course it needed to get rolled up. Thanks for pointing out how badly programmed Bitcoin is. I guess you don't count shutting down the mined block rewards in Solidcoin 2.0 to prevent others from getting a tyrant node. Didn't you want to test your method for the natural instantiation of tyrant nodes? I guess not, because that would mean someone else could control your little pet project. Getting a trust node was never meant to be something someone with a single GPU could get in 3 months. So if you falsely believed that it's your own fault. Perhaps you should learn how the protection in SolidCoin works instead of studying for your chemistry exam in highschool. Solidcoin has few miners, even less trade volume. Even so, 12 people can keep a cryptocurrency alive for a very long time. It just won't be a very popular one. LOL, SolidCoin doesn't need MANY miners to survive due to its other protections. Miners are there to create currency and they'll only do that when it is profitable. This is the inflation/deflation control mechanism in SolidCoin. You act like it's a good thing needing miners to secure the network. Yes in Bitcoin that is the case and it's a massive flaw. SolidCoin has solved the problem of getting attacked through mining whilst still decentralization currency creation. Win to SolidCoin. You on the other hand can't go a page these days without telling some lie. First you are Realsolid, then you are not, now you are again, then you aren't again. It is a bad idea to put trust in someone who has multiple personalities combined with pathological lying, especially in a security context. You on the other hand can't go one day without an intelligent thought. Ooo burn. Get back to studying for your highschool stuff and forget about adult conversations until you are one. |
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Did we just find an enforcer node?  P.S. Solidcoin does serve a purpose. It is like flypaper to those who are terminally gullible. So that when all their money is gone, the story won't read "Someone got all their bitcoins stolen by scammers." So, it doesn't really matter who runs it. We just have to make the bar high enough so that only those who cannot be salvaged partake in the kool-aid. It's funny how idiots like you have been saying this for what, 7 months now, "it's a scam run for the hills". You think if you say it every week it's going to be true one week? SolidCoin is the second biggest p2p currency, is the 3rd longest running (behind NMC and BTC) and is continuing to grow in price, new features and supporters. SolidCoin has proved it's less of a scam or even a "pump and dump" than anything which is younger than it or that has already died. Yet we don't see you jumping around the place with your rabid fingers proclaiming litecoin is a scam. You are a troll sir, get a life. |
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Says some random guy who has nothing to do with Solidcoin. Get Realsolid in here to actually account for his lunacy. /wink /wink
P.S. Solidcoin created a special case currency that can't be spent (but could with a single update to the client) yet somehow can't create a class of keys that form a web of trust. Either he is a complete neophyte to security (likely) or is just trying to pump the currency value up before he dumps(more likely). Either way, I wouldn't want people thinking that nitwit had access to my forum account.
Says the person who uses slogans and keywords like "Web of trust" without actually ever implementing anything. There is no problem with using coins to protect the network and it means anyone can become a trust node once suitable investment is made. This is protection and it's decentralized. People worrying about some existing 12 million coins become spendable should be just as worried that the next SolidCoin or Bitcoin update contains even more coins. Because they can be created out of nowhere, it's only a news shock to the idiots who think Bitcoin is somehow protected from this "flaw". Like any protocol it can be updated, it can be changed and if people are nefarious it may indeed happen! Maybe SolidCoin will work out a way to avoid this situation so it can't happen to it. It already does many things better than Bitcoin so why not add one more. Unlike Bitcoin we have only a small group of dedicated coders that have clear goals. We don't have "in fights" because we are all on the SAME PAGE. People that actually do the research know what they are going to get. The bitcoin fanboys just want to believe it's a scam so they can soothe their poor "why isn't bitcoin progressing" souls. |
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Coinhunter I still don't get why the 12 million coins are needed to protect the network.
Can you please explain it to me in explicable detail?
I think you owe me at-least that much.
P.S This is a serious question RS. Don't dodge it like you always do.
Lets do this 1-1 WHY ARE THE 12 MILLION COINS NEEDED TO PROTECT THE NETWORK?
1) Any account on the network that has over 1 million in it, it can sign "trust blocks" 2) 10 trust accounts were created so that there were was more than only a few, 10 seemed like a good number 3) Each trust account started with 1.2 million SC in it. 200K over the 1 million requirement needed to sign blocks 4) By using "coins" instead of alternate methods (licensed mining, hardcoded keys, etc) for these trust accounts it simplified block processing code and also allowed anyone else to become a trust node instead of some hard coded number. This increases decentralization and gives us security if governments or large corps ever try to attack. 5) Obviously creating 12 million coins out of nowhere is bad if they can be spent, so code was added so they couldn't be spent, they can only be used to sign trust blocks 6) By signing a trust block the trust accounts lose money, this way eventually they will have to die and can't be used forever. ie It's a time limit that can be somewhat controlled without needing a network update |
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Yes if they were hardcoded like Coblee "the GPU scrypt failure" would put in, it would mean these trust accounts would either have to forever exist or need constant updates to keep them going. By letting them naturally decay and being unable to be spent in a normal fashion it means there is less complication in the code and a more natural mechanism to have them disappear in time.
There is nothing stopping SolidCoin developers if they wanted to insert 70 billion coins into it and forcing it onto the users, just like Bitcoin developers could do. You can argue semantics like "oh it's harder in Bitcoin because of X,Y,Z" and others will argue it's harder in SolidCoin becouse of "A,B,C" but as developers you have more power than non developers, that's just how things are. Don't abuse the trust, if you don't have trust in the developers of the currency there is no point in investing in it. Inserting new currency into the chain or abusing that 12 million is against SolidCoin principles, now you can either choose to believe they have principles and stop the whining, or you can choose to believe they have put thousands of hours into this project to eventually scam you. Your call.
What we can trust is RealSolid is a good coder, has developed custom solutions to problems and that these solutions have actively been protecting the SolidCoin network for months whilst many attack attempts have been made. Conversely compared to Litecoin which has gotten spammed to half Bitcoins size under Coblee's control and was secretly GPU mined by others..... SolidCoin looks mighty solid.
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Are you really suggesting you haven't in the past identified yourself as both being RS and the 'founder' of crapcoin? It doesn't matter what coinhunter has suggested because coinhunter isn't realsolid. Two different handles there. It could have been in the past I spoke for RealSolid because he didn't want to announce things himself on the troll forum. It could be when he suggests I post something I do it or even copy paste his quotes and am too lazy to edit them. Maybe this nickname is used by multiple people? Hmmmm. Just try to convince everyone that two different handles are the same person and see if you don't come off as crazy. RealSolid has only ever shown himself as RealSolid on irc, the forum and in development. If people here want to believe I am the king I'll let them believe it because a lot of people here are so dumb and have faith in crazy things that telling them otherwise wouldn't change a thing. Like RealSolid says, you can't cure stupid. |
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I think the saddest part about your post, indeed your entire philosophy, is that you think the place of a currency is to deign to select those businesses worthy to offer themselves to you for consideration. Imagine a world where anyone looking to make a transaction had to be accepted into the "club" to be able to exchange his tokens for the other fellow's widgets. Is it conceivable to you that such a condition might create a barrier to wider adoption? Does it seem that maybe the brand of token, or even the flavor of the token, might not be better to be unimportant, as it really has nothing to do with the exchange?
The purpose of any currency is to facilitate exchange. It is easier to use tokens of value than to haul different units of barter around in the back of a truck whenever one needs to make an exchange. Having any currency controlled by a cabal, or an abusive and seemingly irrational spokesperson, is not a formula to encourage others to use it. Neither is having a stated philosophy of opposition to government, law and order.
Apparently discussing this fact, teasing you about this this fact, openly insulting your intelligence and beating you over the head with this fact, and publicly proclaiming the fact through analysis of the continuous failure of your pet project, has not educated you on the basics of a transactional model.
Coming to a functional currency screaming that your project is going to rule the world, and now, simply due to manipulation by you and your confederates, an insignificant spike in value happened for a matter of minutes doesn't change the simple fact that your premise is fatally flawed. Nobody, no individual, no business, no body politic and certainly no economy, wants to use a means of exchange that can be manipulated by a single entity with anger management issues, an inconsistent approach to value, rigid and secretive centralized control, and a theoretical half-life of 534 years to be able to do anything about changing any of it.
Did you consider for a moment that creating an artificial spike might actually frighten businesses away? Did it occur to the brain trust behind SC that showing a business in such an obvious way that the value of your tokens can be manipulated with pocket change and that the underlying economy of your token is based on demand equal to the value of a clapped-out 1992 Chevy Impala with two flat tires in toto, might not be the best approach?
Didn't think so.
So have fun with your comp-sci class project. Revel in those fantasies that you will one day rule the world economy, and that supermodels will come knocking just to bask in the radiance of your Uncle Scrooge stash of ShortBusCoin.
Firstly you don't know me or the people associated with SolidCoin, at all. Secondly if you had more posts like this one and the last one people wouldn't think you are a retard. Either you post drunk or you're bipolar. Stick to more intelligent posts and criticism and people that matter may think you have something to say. Personally I think you don't give two shits about SolidCoin or helping a project that is against the existing system. If you did you would be in the #solidcoin channel or the forum with your questions to educate yourself, and not openly trolling and spreading FUD like you were in previous posts. We can't control who wants to do business in SolidCoins, it's obviously going to attract a wide segment of humanity due to the features we possess. Not wanting retards is just a philosophical thing I would prefer, doesn't mean I'm delusional to think it will happen. |
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Those of you welcoming GPU mining for LTC/SC have kinda missed the point of why those currently hold the #2/#3 spot in the cryptocurrency world... If you're going by market cap, its #1 Bitcoin <big gap> #2 SC <gap> #3 NMC, #4 LTC Put bluntly, if GPU mining becomes viable for LTC and/or SC, their entire raison d'etre vanishes. We don't need to decide if we should react if mtrlt releases Reaper13 and it really does work 25x faster on GPUs; We need to decide how to react, and preferably have our changes ready to roll out on the very same day. And while "do nothing" always counts as an option, in this case it counts as an option that effectively dooms this entire branch of BTC variants. Actually the SolidCoin hash was developed to be fairly equal in performance on GPUs and CPUs, watt for watt. It is currently delivering that and has been for some time (with a small favor to CPUs). SolidCoin takes all consumer hardware that is viable so we can let the widest range of people mine it fairly. Unlike Bitcoin which is going to be FPGA soon and Litecoin (which was supposed to be CPU only and is now a GPU coin), we want everyone to be able to mine. |
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Gosh, CH/RS am I supposed to take you seriously because you can use big words like "hot-headed" and "stupid"? 52, actually, know that FIFA is all caps, even in the video game version, and actually AM involved in Business Development for a real company that is traded on a real stock exchange where I have significant influence. But if it makes you feel better to call your betters stupid, go right ahead. That will certainly help the adoption cycle for your little pet coin.
The entire community has tried to explain to you the basis for why your concept, your attitude and your lying ways make your "coin" unpalatable to the world as a whole. If you had actually taken the time to read my post you would have found actionable information that would help. Instead you glanced, saw that it was written by one of the "haters" and rushed to embarrass yourself with a childish taunt.
Which, like most everything you post, proves the point that you are the single worst thing about your silly little coin.
Firstly you have shown yourself as an idiot on prior occasions, that is lacking intelligence, and you also have shown yourself to be someone hot headed who flies off the handle and would rather create drama than debate. If someone like you is working for a company in the "upper reaches", I don't care what company it is, we do not want your business. Your company is obviously steps away from failure or scamming others with people like you in charge. All under the presumption you are actually have a job because with the way you portray yourself I don't see how anyone cannot see you as anything other than a pimply nosed teenager with a bad attitude. This last post of yours is the most coherent I've seen of you, obviously trying to act the part now I guess. |
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I don't think one of the trust accounts should be made spendable.
Notice the key word, "should". Which means he is admitting he can make them spendable any time he wants. We've already discussed this and I told you it was possible to make them spendable, it's also possible to add special blocks worth millions in future updates. It's also possible to turn SolidCoin into an email client! Just like it's possible for coblee to add it to Litecoin or Gavin to Bitcoin, it's source code, anything is possible. It would need approval from multiple trust account holders though, not just one person. In my eyes that is considered fraud, and I'm against anyone trying to add more funds to the system, there is already a 5% CPF which is fair that does what we need. The CPF amount will likely be lowered over time also, to something around 2% instead of the current 5%. |
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Want to promote SC ? Sacrifice one of the 12 million accounts and make the coins spendable then setup a faucet or make it easy to get them by giving away some of the tax. If you really want to support the currency rather than just engage with trolls. If people can get SC more easily than BTC they might start using it.
There, free advice. Take it or leave it.
I don't think one of the trust accounts should be made spendable. But the existing CPF could be used for something like this, that is what it was designed for. You are right that "Non mining" methods to get people involved are important, but until we have a better client I don't think there is much point in trying to sway the "normal" people as it's too complicated to use for most people. If you have any other specific ideas besides a faucet you can PM me them. |
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how many businesses support your coin? Not enough. I don't even know why any businesses would be happy with what SC and BTC dish up right now because it's a bit of a joke. I guess some people can just work around quirks more than others. SolidCoin v3 will solve these issues and allow businesses of all types to use SC easily. |
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So I am sitting in a strategy meeting with the Marketing team for a Fortune 300 company last Thursday, which I have been introducing to the concept of integrating cryptocurrency. Obviously in the interest of full disclosure, and looking for the very best implementation of this new transaction model we discuss not only bitcoin, but the alt coins as well.
Imagine the secure and confident feeling built up in a potential massive business adopter when they become aware of a coin-leader who has absolute control over the economy of that coin and has to post a "Myths" page about his coin. Then look at his abusive, insulting and juvenile approach to dealing with the realities of market adoption and integration into an actual functioning economy.
Want to guess how long it took to strike a red line through SC as a potential talking point? Less than five seconds. Including debate.
No business is going to accept a means of payment that is controlled by a lunatic who proclaims he wants to overthrow governments, destroy the system, and thinks he can manipulate the world economy by press release. They don't even spend the time to laugh at how pathetic this is, they just dismiss it instantly.
I think you lost everyone at "So I am sitting in a strategy meeting". No one as hot headed and as stupid as you has as much say as you think you do. You're probably 16, playing Fifa manager thinking you're some pro executive type. Welcome to the real world. |
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just in case you haven't noticed, the writing style & word usage is different. Haha sure. What's this, another BCX account here or? |
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security, as in, one person controlling the whole coin, and miners have no say on changes?
oh yeah.
security indeed.
Just because that's what you think with your ignorant beliefs doesn't mean it is so :- http://solidcoin.info/myths.html |
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Thanks for the reply CoinHunter.I'm not a coder type person.Maybe you should have like a timeline of when new version will be release so that the general user can have an idea of when to expect things like for most software apps and hardware. This'll help users like myself and others around me know when we can expect things.maybe Sc should look at developing for android and other smartphones (for the wallet part as mining is probably pointless on a phone).I use multiple platforms like win 7 on my PC (desktop), OSX on my MBP (since apple supplies OSX on the MBP) and Maemo 5 on my Nokia N900 phone which is a version of linux.
Yeah we can certainly do many things better than we are. But it's a free project and getting people to work for free is quite a task!  SolidCoin v3 is going to make every platform, including phones and tablets, etc, available to be used. Basically if your mom or grandma can understand netbanking they'll be able to use SolidCoin v3 . |
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Add this myth:
"You can download the Mac archive from the main page"
Hey CoinHunter where is the Mac OSX SLC client? I wish to try it out when available to better understand how the recent changes affect me as testing in a win 7 VM (cus of no OSX app yet) isn't letting me see the full picture when testing,partciularly the built in CPU miner in the SLC client. Virtualisation usually adds a performance penalty (however small this may be). We've been lazy! There haven't been many MAC users complaining and we always knew we were moving away from the existing client which made it a bit boring to make the binaries for such a thing. MAC users can still compile SolidCoin from source but it's obviously a problem for most people who aren't used to that kind of thing. SolidCoin v3 client should support MAC out of the box.... but don't quote me on that. We need some MAC developers heading our way because we mainly have Linux and Windows devs at the moment. The next client is rather system agnostic so it shouldn't be a big deal compiling for nearly any platform. |
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You can catch some of BitcoinExpress perfecting his persona here :- http://www.mtgoxsucks.org/a-piece-of-bitcoin-history?showall=1&limitstart=He starts his Bitcoin life with the pseudonym "Bitchcoin express" , the reason I found this is one of his other pseudonyms (Labwiz) he used on the solidcoin forums is "talking" to Bitchcoin Express. So we have some clear history of BitcoinExpress starting his multiple personality thing on the internet. Pretty funny read. Bigtime BCX (who says he has an old lady) is worrying so much about 96BTC! Funny stuff. You can see his poisonous troll like behaviour and bad spelling hasn't changed much either. Here is what "Labwiz" sent to RealSolid in October last year :- http://solidcointalk.org/user/301-labwiz/Subject: BitcoinExpress
We have more in common than just a shared first name. I read your blog and sorry to hear about your son and hope he is still with you. I lost a daughter almost two years ago to a very aggressive form of leukemia. There's no one to wake with Geoforce2MX army I am sad to say.
I'm not real sure how we wound up on opposing sides as I was one of the first to mine SC even claiming two of your bounties and posting about it.
This was just a sort of game to me but discovering who you are, kind of threw a bucket of water on it.
FWIW I do not think you're a bad guy at all. The internet has a way of skewing things.
BTW your Win32 installer is triggering Norton and AVG, more than likely false, just thought you should know.
Is that email on your whois good?
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looking at the amount of marketing they need to do (would you go to citybank to make advertisments for deutsche bank?) then they have much to loose... or to gain.. but hey, if i had 12mil coins and the plan to get 1coin = $1 i would go through this hell as well..
Honestly, why still trying to convince people here Coinhunter? Noone here will listen to your bullshit anyway..
No one has 12 million "Spendable" coins, and that is all that matters, it's verifiable with the source. Whilst RealSolid does have control of the CPF wallet, which contains around 130K SC at the moment he doesn't plan on using it unless absolutely necessary for bounties or hiring lawyers, etc. You can verify that no transactions have come out of the CPF yet. http://solidtools.net . 130K is also rather small in the scheme of things (2.7 million coins total) so whilst I'm sure some people think he can abuse that he has already given out over 100K in bounties to people so it's not like he doesn't have a history of being trustworthy when it comes to such things. The ideal situation is nothing has to come from that CPF wallet until it is passed over to the NPO because I think it would be better for RealSolid that way. And if you don't want to listen that's fine nachtwind, don't get upset because you realize the logical things said here are going to sway some people. You can have your opinion but I think the reason a lot of trolls get upset with SolidCoin is because of fear. They want Bitcoin to succeed instead of SolidCoin simply because Bitcoin was first. Doesn't always work that way, and if you don't want to come across as a fool it's better to act logical and reasonable than fanboyish. |
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Congrats on the current price. However I suspect it's you and your cadre that are doing most of the price raising.
1. Hoard mass amounts of solidcoins in hopes that you can cash out big time.
2. Raise price so people will think that solidcoins are worth something.
3. Speculators put in large buy orders because they think sodlicoins will be worth something in the future.
4. Hoarders profit.
5. Speculators are screwed.
From what I see in the solidcoin market the 3rd point hasn't happened and it will not happen.
You're better off selling a portion of your coins every once and a while.
You are right that it is people expecting price to match the actual mining cost hoarding them. Why wouldn't they? It's financial sense when there is almost no coin inflation and "only" 2.7 million available to be bought right now. You only have to buy more than 40SC each day to increase your personal percentage of the world SC holdings, that's attractive to some people. When you have a limited supply, no incoming inflation (or negligible) there is only one thing the price can do when you have people that want SolidCoins. And there are plenty of people out there that want them. There are also plenty of people who want to make money on the upswing (short term traders). So I'm sure there will be some sort of staircase type pattern. No one can control what happens on the market but I'm glad the economy issue has been fixed with SolidCoin and it allows us to have a stable price (eventually). An automatic deflation/inflation control has been needed in a decentralized p2p currency and we have delivered it. http://solidcoin.info/economy.html |
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