You idiots need to stop thinking about how to integrate Bitcoin into physical stores. Visa and Mastercard have that market sewn up TIGHT and will FUCK YOU UP if you even try to get into it.

Bitcoin could potentially be the top ONLINE payment network and kick PAYPAL to the kerb, that could actually happen. Concentrate on that instead.

I'm happy to report that despite this lame DDOS attempt on a couple of Solidcoin websites, the Solidcoin network is running perfectly with no issues. Just sent a test transaction which confirmed within 3 minutes. As most of you will know, the websites are in no way connected with the Solidcoin network itself, so a DDOS on them has no effect.

The two major Solidcoin exchanges, slc24.com and btc-e.org are also working well with no issues.

So no, Solidcoin has not been shut down.

JohnJ, you are one of the biggest trolls on this board, I'm not surprised you chimed in here. Anyone that wants to take a masterclass in attention seeking, spreading FUD and generally making shit up could do a lot worse than just reading all of your posts.

I thought about doing a little point-by-point rebuttal of all of your statements, as you did for me, but I think your stupidity speaks perfectly well for itself without me adding to it. This is one of your "classic" troll posts and should go into the hall of fame. You really do just seem to let the bullshit flow, nice work.

I hope people reading this thread realise that it is just the same few people on this board trotting out the same bullshit again and again and again. Take a look at the other SolidCoin-related threads in this section of the forum and you will see the same 5 or 6 names appearing again and again. Why do these people feel the need to trash talk SolidCoin every single day of their lives? Are they simply the same 2 people with multiple accounts? Who knows, you'll need to ask them.

However, I think people are starting to wise up to the trolls. I've noticed recently that very few replies to their threads are from anyone other than either themselves or SolidCoin supporters correcting their invalid arguments. The same old crap about who might be able to spend premines, who might be able to take control of trusted nodes, who might do what with the client, who might do what with enough hashing power have been played out so many times that people making these arguments are starting to make themselves look stupid. These troll arguments are all "what if..." questions and are not worth the steam off my piss.

Anyway, trolling aside, so far the singular valid point anyone has made against SolidCoin is that one person is in complete control over the entire project. This is the one accusation anywhere in this thread which is actually true.

Thankfully, it is a non-issue. RealSolid is a good leader, he has his head firmly on his shoulders and is wise enough to listen to people whose opinion he values. Unlike the trolls here, he actually changes his mind about a lot of things. If he was a tyrant who did whatever the fuck he wanted and failed to listen to reason, then we'd have a genuine issue here, but he just isn't. He is decisive, driven, extremely productive and isn't afraid to make changes to the project as and when they are needed, even though they might not be popular with everyone. He understands that sometimes the majority are wrong, and has the courage of his convictions.

Even so, as awesome as RS is, a single point of failure is of course a weakness for any project with as lofty goals as SolidCoin has. But I think people need to get some perspective here, we have goals and aspirations to be a successful, trusted and open mass-market internet currency but we are a long way off from achieving them. People comparing SolidCoin to the federal reserve, or a government, or to massive open source projects like Linux are really seriously missing the point. We are growing and evolving and in time the project will become what we aspire for it to be, but for now it is merely an embryo, a private project controlled by an individual. To hold it up at this point to the same standards as the international banking system is just downright ridiculous. Rome was not built in a day.

RealSolid has stated publicly a number of times his desire to relinquish control of the project to a group of people capable of taking it forward, and one of the major goals for all supporters of SolidCoin is to come up with a structure for that group, decide who comprises it and what their roles should be. Nothing worth doing is easy, especially organising a group of people over the internet. So certainly for the foreseeable future, yes, RealSolid calls the shots.

Unlike RS, most of these trolls have entirely inflexible minds and will never change their opinion about SolidCoin, no matter how SolidCoin itself changes. They will always find something else to hate about it. First it was no source, source came and they still rage. Next it is the trusted nodes all in the hands of RS, trusted nodes are distributed around multiple people around the world and they still rage. Next is the  fact that the CPF is handled by one person and will be used for personal profit, RS will spend it all on the project and document every spend, but they will still rage, just about something different. You can never please all of the trolls all of the time.

Trolls, in their own way, are actually quite useful to the project. Their incessant whining, snorting and braying helps us to understand where we need to apply our efforts to improve the project. In their own little way, they are all contributors  

Source is out now, so um... what now?

Thanks. You on the other hand are a rather offensive individual.

This didn't actually happen.

Tacotime I've tried your optimised code and it runs no faster.

OpenCL automatically sends multiple workloads to the GPU compute units to work on in parallel, you don't have to do it yourself in the code, so I don't think your theory about making the code being more parallel to speed things up will hold true.

Wow, sounds like a real genius plan you got there, hotshot.

Ignoring the fallacy of the "security" of the massive hash power of the Bitcoin network (which has been dropping about 15% every 2 weeks), there are just one or two problems with your fabulous "plan"....


He'd have to be smart with a lot of money to burn, and a loooooong time to wait for those lowball sell orders to come in. Probably better off just putting the money in a bank account an earning interest tbqh. Right now it would be impossible to buy a million coins outright with any amount of money, there aren't that many for sale.



Wait what, mybitcoin.com stoled a million bitcoins?? I thought the number was closer to 150k?

Do you not think if someone stole a million coins, the thousands of people complaining that they had their coins stolen would alert people to what was going on? The value of the coins would crash and your whole "plan" becomes a total waste of time.

Also, if you did manage to steal a million coins without the entire world knowing what is going on, why would you then use that wealth to destroy the network which makes them valuable? Surely human greed takes over at that point and you would just sell them?

Never mind, the rest of your plan is sure to be foolproof...


Lololol, maybe not then... Ok, so you don't appear to get how Trusted Nodes work. Wait for the Source to come out and you will see why this won't work.


Cute, but I think you overestimate how "cheap" Cloud CPU power is. To rent 5000 CPUs for any significant amount of time you would need quite a lot of money, much more than you could ever hope to earn out of this crazy scheme.

Plus how will you configure all of these clients? You would need a team of people working round the clock, will they all work for free?

$160 an Hour? Even at this price (which is pure fantasy), that means if you need a couple of days to set up and pull off your attack you're spending 7 grand on cloud computing power.. If you need a week, you'll spend over 25 grand. Do you expect to make this money back somehow with this attack, or are you just doing this for lulz? You'll somehow need to raise this money just to attempt to destroy something for no reason and with no guarantees it will even work...


Uhuh... lets say your crazy scheme does work and you just spent $50k to buy up a million Solidcoins, "overpower" the trusted nodes and perform a 51% attack on this "imaginary" network, now what? Destroy it? You sure as fuck won't be able to sell the coins you steal, everyone will know what has just happened so the price would drop to zero. So what's the point of all this? You could have spent that $50k on drugs, or a car...

Every post you make you discredit yourself further. I wonder if anyone actually listens to you.

It means that U.S. Attorney Anne Tompkins isn't getting enough pussy and feels the need to make grandiose statements to raise her own profile while winning an open-and-shut counterfeiting case.

If you're trying to compare Liberty Dollars to Solidcoin you really won't get very far. Here's what the person she's talking about, Bernard Von NotHaus, was charged with:

"Von NotHaus designed the Liberty Dollar currency in 1998 and the Liberty coins were marked with the dollar sign ($); the words dollar, USA, Liberty, Trust in God (instead of In God We Trust); and other features associated with legitimate U.S. coinage. Since 1998, NORFED has been issuing, disseminating, and placing into circulation the Liberty Dollar in all its forms throughout the United States and Puerto Rico. NORFED’s purpose was to mix Liberty Dollars into the current money of the United States. NORFED intended for the Liberty Dollar to be used as current money in order to limit reliance on, and to compete with, United States currency."

Source: http://www.fbi.gov/charlotte/press-releases/2011/defendant-convicted-of-minting-his-own-currency

If you think that is the same as mining a SolidCoin, you are dead wrong. And besides, if SolidCoin *is* found guilty in some way of "undermining the US Dollar" (lol) the exact same charge could be brought against Bitcoin.

Lrn2facts.

Yeah, we mainly just reply to threads created by people who hate SolidCoin rather than create our own.

If you want to see fewer SolidCoin threads on this board, stop creating them


You got Intel working for you too? That only leaves us with AMD! Oh shi-

"Standard Policy"?? Beg pardon? Whose standard exactly? I don't believe there are a council of elders that govern what people do on IRC, but I could be wrong?


Pff. You can connect over TOR to Freenode, plus surely BTCEX, being the master hacker he is, can connect from any number of IP addresses with ease?


Heyyy! that's our Dear Leader you're talking about there! He might be a freak but he's a lovely one! Leave him alone you big bully!


Jeez, well with an attitude like that mister grumpy face you will get banned!

The IRC channel is a place for nice people to discuss ideas about SolidCoin and try to help one another, not to ask for the Source Code over and over and over in new and increasingly less interesting ways. You will get your god damn Source Code, just chill buddy.

Guys guys guys, I know that the

#SolidCoin channel on IRC (freenode.net, right next door to the #Bitcoin channel, in case you were wondering)

is a really cool place to hang out and chat to the creator of SolidCoin and other cool guys (like me  ) but do you really need to post the logs every day? It's free for anyone to come in and chat to us, even trolls are welcome. I mean, if people want to read this stuff they can just come into the channel for themselves?

BTCEX: We'd love to see you in there using your real nick for once instead of coming in using fake names...

It's true that people are getting impatient and frustrated waiting for the Source Code to come out, we have so many people eager to help us create the world's #1 CryptoCurrency it's not surprising that people really want to get started as quickly as they can.

Guys, just have patience, we will get there

Not sure where you're getting your information, trusted nodes take about 1 second to generate their special blocks and it takes maybe 5-10 seconds for the trusted block to propagate through the network.

If you're saying what I think you are, you're suggesting that we should abandon the entire concept of trusted nodes, which has allowed the network to keep working normally despite being under attack, to gain a 10-20% improvement in mining efficiency? This is not a great suggestion.

There is no SC Botnet, although I have seen this misinformation spread many times throughout this board so I doubt there's much I can say to convince you there isn't. But there just isn't.

The rationale, in a nutshell, is that on the current base generation number of 32 there are too many coins being generated too quickly. We underestimated the number of miners there would be in the initial phase of SolidCoin 2.0 and now are in the position where the market is flooded with coins which are being mined for nearly zero cost and for which there are not enough buyers.

SolidCoin aims to achieve a value where 1SLC = $1-2. Even with all the stuff we have planned, this is never going to happen with the current generation rates, so action needs to be taken. Cutting the generation rate increases the cost to produce a SolidCoin and restricts the number of new coins being created.

With regard to being "fair", all I can say to you is that this has been announced in advance with plenty of warning. Everyone still has a chance to become an early adopter right now, and in fact it's much cheaper to become an early adopter now than it has been in the past.

Mining difficulty is relatively low right now and we're chucking out high value blocks like there's no tomorrow. The price of SolidCoin on the exchanges is also extremely low, much lower than it was when the chain was shut down a few weeks ago, so there has never been a better time to become an early adopter, either by mining yourself or buying up huge numbers of cheap coins - take your pick. I can't really see how we could make it any more "fair".

SolidCoin supporters already know SolidCoin is very different to other Crypto Currencies, that's kind of why we're SolidCoin supporters in the first place...

I'm not going to explain why the coin generation rate change is a good thing, people will have to make up their own minds about that, although I do agree with the reasoning behind the decision.

Yes, RS & the trusted nodes do have the power to change the client and the rules around block generation and there is nothing optional about this change, as the trusted nodes will upgrade to the new client and reject blocks from the old client. Continuing to run the old client will not work, which is different to if you decided to change the rules of Litecoin or Gavin decided to change the rules of Bitcoin. In those cases, people could carry on using the old client and reject your changes. Is it good for RS and the trusted nodes to have this sort of power? That all depends how much you trust them I suppose.

As an aside, I think Litecoin is small enough for you to get away with changes like this at this point, but if Gavin tried to mess with the arbitrary constants of BitCoin I think there would be a rebellion and you'd probably end up with most people not adopting the new client.

However, I'm not here to discuss the relative merits of Bitcoin, LiteCoin and Solidcoin or even the concept of trust. I'm here to correct some errors in your assertions and other assertions in this thread:

1:The Coin rate will change "Somewhere between block 45000 and 50000", exact block to be announced later.

2: The change to block generation will not take effect in Beta 8, it will take effect in a planned future release which does not yet have a version number decided.

3: The change is not "for the next 5000 blocks", I think you are being confused by the "Between blocks 45000 and 50000" part. Once SolidCoin changes to 5SC base generation per block, it will be permanent and is highly unlikely to ever change again (although it will still be possible if need be).

Thanks as always for paying such careful and close attention to the SolidCoin project and helping us spread the news of our changes. For more information, please visit the SolidCoin Wiki:

http://wiki.solidcoin.info

Proof of what, exactly?

Ten98 types in the third person too occasionally, doesn't mean shit.

You give merchants very little credit.

Many companies are already multi-nationals operating in multiple currencies, a lot of tourist shops in Europe and even some in the USA accept Euros, Dollars, Pounds + other local currencies. Multi-currency Cash registers are relatively commonplace in airports and accross continental Europe. Most people "get" the concept of multiple currencies and exchange rates and have no problem at all adopting them.

I agree that accepting CryptoCurrency *at all* is a big jump to make for an online retailer, and an even bigger jump for a bricks-and-mortar shop, but once one is in, all can be in.

Back before Fiat, Gold & Silver were two separate metals being widely used worldwide as currency, with various other metals trading around the periphery, Copper, Lead, Tin etc. so I think at the very least there is room for 2 "metals" in the market place, probably more.
It's wrong to say any physical matter can be used as a currency, a coin made from sodium or sulphur would be ridiculously impractical and last about an hour.

Gold and Silver have a number of unique properties which make them perfect for use as currency. A few other metals such as Platinum and Palladium also fit the bill, but realistically you are looking at maybe 8 or 10 metals that could realistically be used as currency.

lolol you could call it antisquatcoin.

Seriously though, all the big brand names are already squatted on Namecoin, so it is perfect for people who want to engage in phishing scams, since there's no way to close down an illegal domain...

"Oh look, I'm on BankofAmerica.bit, sure looks legit to me..." *Enters username and password* Oh noes!