6: Your alternate personality Lanie Grace told you not to.
7: You actually couldn't attack your way out of a paper bag.
8: You're too busy organising trade shows for Lexus while chatting to your "friends" at Apple who can pull a site off Google at ANY TIME!  

Basically you're full of shit and always have been.

Hey Dan, how is your site fmqinc.com going? Oh, what's that? Website hosting suspended? Pahahah...

Better keep an eye on Danmaddox.com too...

Haters gonna hate. 2.0 will prove you all wrong.

The tax is the best part of Solidcoin 2.0, it goes to a community fund which will pay for projects to keep Solidcoin growing and growing. Deciding where the taxes get spent is the part that most SolidCoin users are excited about.

Whether or not you like RealSolid as a person, he's a skilled coder and seems to genuinely have the interests of the users of his coin at heart. Unlike the selfish motives of others who start coins purely so they can pre-mine at low difficulty at the beginning and keep the coins for themselves.

We shall see... The company hardly seems reputable or established, and apart from a high margin shopping site and a questionable overpriced way to buy bullion all of their "Killer apps" are "coming soon"... I predict it will fold fairly quickly.

Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.

You're right to mention the Solidcoin "tax", as it is the one thing that puts it head and shoulders above every other coin (including your shitty ones). We will call it a tax for ease of responding to trolling, but as you know It's not exactly a tax in the classical sense. Miners will still earn 32 coins per block as they always have done. Nothing is deducted, only added. I like to think of it more as a sovereign bond

The fund created by the tax will ensure Solidcoin's future and will hopefully make it into a truly open, self-funded project. The first of its kind in the world.

The only way Bitcoin have to "solve" the funding issue is to put Gavin on the payroll of a privately owned exchange company... Great idea guys.

Seems like an unstable buggy piece of crap. Ever heard of testing?

The only one screaming in this thread is you my friend.

Step 1: Start a thread accusing people of collaborating with Bruce Wagner, based on.. well based on nothing.

- They don't reply: It's a conspiracy!
- They reply: It's a conspiracy!
- They play along with your bullshit: It's a conspiracy!
- They defend themselves: It's DEFINITELY a conspiracy!!!

Get a grip of yourself. Try going outside for a little while?

Yes, with the lead developer working for a private company it won't be long before the people who control the client are also the people that control the exchanges and ewallets. Then when Bank of America buys a controlling share in Trucoin and winds down the business, you're all fucked.

3 updates to their webpage since August 27th hardly puts me in mind of a hive of activity and exciting new projects they want to tell the world about. Maybe there's no updates since everything they're doing is hush hush rather than free and open, but that's the business world for you I guess...

Indeed. the "Shut down" such as it was, was purely voluntary. You are free to use 1.04 blockchain if you wish and always have been, but there are no exchanges set up to trade your coins on that chain so you will have a hard time doing anything with them. Also that chain has a very low hash rate and is vulnerable to 51% hashrate attacks and time travel attacks exactly the same as Bitcoin is, so I would not recommend using it with people like Dan threatening to attack it.

In 2.0 the chain is new and a completely different hash from the old chain, but if you held an address on 1.04 you will receive a balance of coins equal to what you had on the previous chain, so it is effectively a continuation of your Solidcoin balance from block 35250.

Hold on hold on.

Why hasn't the "Community" thrown YOU out yet?

Do you still plan to attack Namecoin, an established alt blockchain, just because you feel like it or was that just complete bullshit?

You said that after that you would come after Solidcoin. I guess one way to do that would be to try to confuse users into thinking the old chain was still valid and stop them using the new chain, but um. Good luck with that.

Your claim that you are going to develop a new version of Solidcoin and somehow pull a "couple of devs" out of thin air is laughable enough, but then you say to make your new coin you are going to hack the old blockchain and remove certain blocks? Have you thought through the consiquences of these actions? Have you any idea how much of a douchebag you seem when you say stupid shit like this? Clearly not or you wouldn't be posting here.

Also you claim to be able to "take a site off Google" by "talking to your friends from work". Pure fantasy. You don't have any friends or a job, let alone at Apple. Sheesh. Why some other idiots on this board (maybe your other accounts?) are eating up your garbage and why your account on here is still active I couldn't really say, but it's pretty funny to read your posts I guess...

You want to hear the ideas? Here's one, grow the fuck up and stop being a compulsive liar and all-around asshole.

The amazing thing about this entire argument is that the built-in "Deflation" in Bitcoin does not even kick in for another 20-30 years anyway,  and even when it does, then unless Bitcoin becomes the defacto currency for an entire nation state we're only talking about deflation of Bitcoin itself not the enitre monetary system.

If the price of Bitcoin is still quoted in US Dollars and the economy of the world is still based on Fiat, all of this is moot. All you have when the blocks stop being generated is a fixed store of value which is subject to market forces, much like gold, which MAY deflate and PROBABLY will, but this is by no means certain. It could just as easily hyper-inflate to $0.01 in a matter of days.

I guess by "band aid after band aid" you're referring to the two releases which came out while the blockchain was being attacked? Sure, the initial patch had a flaw, but the follow up patch came out and addressed it pretty much right away. I thought they were an extremely impressive example of fixing code under extreme pressure and I really respect the dev for pulling it off.

Not sure why everyone in this thread so mad.

Look at you all, mad as hell.

Want to know why everyone rages on Solidcoin all the time and tries to provoke Coinhunter into saying something else dumb?

1: They're Trolls and he loves to feed them.
2: They're afraid of Solidcoin, deeply afraid.

But why would supporters of one Cyptocurrency be so afraid of another? Surely if it's so pathetic and full of band aids it poses no threat, right?

Well, the Solidcoin blockchain is paused as of V1.04. There are many reasons for this, but ultimately it's because Solidcoin was not quite ready to stand up to the full force of it's attackers. I should explain that nothing is actually "turned off" in Solidcoin right now, in fact the network is still running quite happily on the very small amount of hash power still remaining. The ability for the lead developer to simply "kill" the project on a whim was removed from Solidcoin (it's still there in Bitcoin), so actually people are free to carry on mining, they just have just chosen not to. This is because they know that Solidcoin 2.0 is coming and will more or less pick up where 1.04 left off. The community and the exchanges all got behind this decision and it would not have been possible if they did not. We all wanted a stable platform which is immune to attacks, and simply carrying on running the old Bitcoin code, however modified it is, is not the way to get one.

But guess what, Solidcoin is based almost completely on the Bitcoin code, which means it is also vulnerable to the very same attacks that SolidCoin is feverishly trying to protect itself against.

I can't imagine how much more difficult this type of decision would have been on a more established cryptocurrency with many thousands more users and many more millions of dollars at stake. The sheer volume of people to educate about the decision would make doing this kind of thing in Bitcoin a complete nightmare, so I suppose if any major attack did occur, the developer would have to simply pull the "kill" switch and stop the network dead. However I can't imagine that being much better for the users to be honest. Solidcoin is in a fortunate position of being small enough to make these much needed improvements right now without too much disruption to its users. Bitcoin is a victim of it's own success and is now too big to reasonably take such drastic measures.

The only thing stopping people from attacking Bitcoin is that it's so much more expensive than Solidcoin and has so much more hash power, making the attacks much more expensive. This can and will change in the future, yet nothing much is really being done by Bitcoin to protect itself from these attacks, which get more viable by the day.

But I guess attacks are the least of your worries right now if you're a professional Bitcoin miner and / or hoarder. There is an even bigger threat looming than any would-be attackers, the price. Right now Bitcoin is dipping under $5 on a regular basis, but the total hash power and difficulty has not gone down significantly since it was at $15. Some miners surely must be running at a loss already and hoping the price will recover. It won't be too long until the majority of miners are in that position and are being faced with their energy bills. All it takes in that situation is a few big miners pulling out and selling to seriously harm the price. Imagine Wyl-E-Coyote running off the end of a cliff, but he only falls when he eventually looks down... If enough miners quit, it starts a chain reaction and in a very small amount of time you're left in a situation like Namecoin, with the hash rate so low and difficulty so high that it takes days to mine a block, and so many blocks to the next difficulty that it takes months to get to the next recalculation.

You don't even need a co-ordinated 51% attack for that to happen, all you need is the price to go down and for miners to realise they aren't making any money and quit.

Even before Solidcoin paused it had addressed many of the issues with the difficulty calculation in Bitcoin. The difficulty is calculated far more often, and the mechanics of raising and lowering are vastly improved, allowing difficulty to follow hashrate much more effectively. You can comfortably whip out 75% of the hash rate in Solidcoin and it adjusts down and gets block generation up to fuill speed within a few hours. We know this because it has actually happened. This is a bit of an unknown for Bitcoin. So far, the hash rate for Bitcoin has only really risen then reached a plateau. If and when there is a massive drop-off in hashing power in Bitcoin, I think we'll be waiting a very long time for anything to happen that addresses it.

Which leads me back to my original question, why are people heavily invested in Bitcoin so afraid of Solidcoin? Because it's better.

Please confirm you will shut down the solidcoin pool today for the duration of the downtime?

Lol I invested in 50 shares at .65 per share, realised what a terrible investment this company is and checked every single day on glbse for buyers, slowly managing somehow to sell my shares for the same as I bought them for. I made a grand total of about 0.1 BTC in dividends before I finally sold them all

Now I finally have my coins out of glbse I feel like I have pulled off the great escape! I doubt I will "invest" in another company, the returns are so miniscule, even on the companies that somehow manage to turn a profit, that I'd be better off just putting my money in the bank at 2% annual interest...

Best of luck to Tawsix, this was kind of a good idea handled spectacularly badly.

More like cut your losses on Bitcoin... Price is heading under $1...

Ridiculous. Most holders of Bitcoin don't really understand deflation past the point of "if I hold on to this it'll probably be worth more some day". More to the point they've only really existed in any significant number for less than a year they haven't had time to perpetuate a myth.


I invest in a company and give them 50BTC, they do well and my return on investment is 75BTC over the course of a year.

DEFLATION SCENARIO
During that same year, heavy deflation means that the relative value of a Bitcoin has gone up by 10%
If I did not invest, I would have made 10%
If I did invest, I would have made 65%
Difference = 55%

INFLATION SCENARIO
During that same year, heavy inflation means that the relative value of a Bitcoin has gone down by 10%
If I did not invest, I would have lost -10%
If I did invest, I would have made 35%
Difference = 45%

For the same amount of risk, in a deflation scenario I stand to make more profit. Why am I discouraged from investing again?

In any case, Bitcoin is only deflationary *in theory*.

In practice it seems to be hyper-inflationary, as the value is dropping day by day.

Let it all fucking burn imo.

I'm ready for the collapse, bring it on. We've got so many people skimming off the top these days that they're skimming off the bottom too. We can handle a couple of years of anarchy and collapse if it brings a new dawn...

If a few hundred billionaires and a few thousand millionaires get wiped out so that the rest of us can have a good economy, then let it roll.

There's a long way to go until the downtrend. $2500 at least.

Deflation does not discourage investment. This is a myth perpetuated by holders of Fiat currency.