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Author Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools  (Read 80120 times)
doublec
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August 27, 2011, 01:42:14 PM
 #401

5. A plan for the future - Attacking the bitcoin developers, developers who have released stable clients for all platforms seems low. You should be grateful as they did all the work for SolidCoin while you made minor hacks and changed the name. You claim the Bank of America might take over the bitcoin network! That's crazy FUD and I advise you to remove that statement before the Bank of America sue you for Libel.
I believe the origin of the Bank of America quote is from the betabeat article about Gavin's keynote at the conference:
Quote
He said he hopes that in five years, Bitcoin “will be boring.” As in, no calls from reporters, no hype and no drama. Just a niche currency with a robust community–possibly administered facilitated by institutions as mainstream as Bank of America.
They've actually changed that since they originally wrote the article. It was originally a stronger statement. Presumably Gavin corrected them. It was "He said he hopes that in five years, Bitcoin “will be boring.” As in, no calls from reporters, no hype and no drama. Just a niche currency with a robust community–possibly administered by Bank of America.".
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August 27, 2011, 01:45:54 PM
 #402

... Shame, a porn star runnin around the bitcoin forums would spice things up a bit. I'm assuming lorna isn't lorna, but I could be wrong there too.

I wanted to formally ask CoinHunter to add solidcoin.info to my http://payco.in directory. And anyone else running a bitcoin/solidcoin site please add them in.

I want to really be in there promoting bitcoin & solidcoin as payment solutions. I took the opportunity to prove I'm me at the same time.

Shame the video from the mobile phone is so rubbish ... I won't be doing that again.

http://www.facebook.com/Lorna.Morgan.Model/posts/165399963537108

http://twitter.com/#!/lorna_morgan/status/107445930436993024

http://dai.ly/qK7kiT

Lorna: are you still accepting solid coins after the crash? I suggest you switch to BTC and I hope you quickly converted any solid coins you received.

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joulesbeef
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August 27, 2011, 01:53:11 PM
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You still have to wait the same time to have the same confidence that your transaction will not be reversed.

Nope this isnt true, if you look at teh double spend vulnerability study, what matters is how many blocks he falls behind, NOT TIME. Or you are going to have to prove this claim to me, as all the studies show it becomes increasingly harder to double spend for each block you fall behind, NOT FOR EACH MINUTE.

Quote
2. Security - Anyone who runs a decent sized BTC pool could subvert his hashing power to perform double spends on SolidCoin right now as the barrier to a 51% attack is far lower than bitcoin.


um 51% is still 51%. I get it would take less equipment but you also get the double spend attack? It's pretty damn limited, and a rogue pool op, would probably find more luck and less risk, just diverting found blocks into a different wallet, and his users would just think the pool was a but unlucky that day. This is also a weakness with bitcoin, and as such, meaningless. But once again the faster block speeds makes it harder, not easier as his time frame to exploit decreases. It is also mainly a non issue, people wait less confirmations for small transactions, more for larger.

Quote
3. We make it easy - You don't even have a client that will run on Debian based Linux.

source is there, so the problem is pebcak. You also dont really need a client, most pools will let you send to an exchange, and you can also create your own keys and just forget having a client. You also claim he made practically no changes to the btc code, and yet claim solidcoin sucks cause it doesnt work on debian.. well can you not get bitcoin to work on debian? sounds like you can, so ONE CLAIM OR THE OTHER HAS TO BE WRONG. I mean you say it is the same client as btc with miner changes and then bitch you cant make it work.

Quote
5. A plan for the future - Attacking the bitcoin developers, developers who have released stable clients for all platforms seems low.

when is the last time you saw an update for the client? Hows that encrypted wallet coming?

Quote
None of the points made on that page are valid. SolidCoin is less stable, less reliable, and less secure than bitcoin. No new features were added and the changes that have been made have destabilized the code making it significantly less trustworthy.


Nothing but fud.. and what has destabilized the code? what makes it less trust worthy? that sounds like liable I suggest you prove that or watch out you might get sued.

Seriously nothing but garbage here. I have a feeling it is someone upset BTC went so far down, or someone who made bad trades for SC. At the very very least, it is someone who did a piss poor job of proving his point.

mooo for rent
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August 27, 2011, 01:54:09 PM
 #404

although it does appear to be recovering.. maybe I should have bought back in again for the dead cat bounce hm.. would love to see what the graph looks like tomorrow...
That red message about the buy and sell order book being down has come up again.

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doublec
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August 27, 2011, 01:57:49 PM
 #405

although it does appear to be recovering.. maybe I should have bought back in again for the dead cat bounce hm.. would love to see what the graph looks like tomorrow...
That red message about the buy and sell order book being down has come up again.
The message comes up when load is high, the order book is moved from the main page. Lots of bots scrape it instead of using the API for some reason. http://www.solidcoins.info has a good order book pulling from the api.
Lorna Morgan
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August 27, 2011, 01:58:37 PM
 #406

... Shame, a porn star runnin around the bitcoin forums would spice things up a bit. I'm assuming lorna isn't lorna, but I could be wrong there too.

I wanted to formally ask CoinHunter to add solidcoin.info to my http://payco.in directory. And anyone else running a bitcoin/solidcoin site please add them in.

I want to really be in there promoting bitcoin & solidcoin as payment solutions. I took the opportunity to prove I'm me at the same time.

Shame the video from the mobile phone is so rubbish ... I won't be doing that again.

http://www.facebook.com/Lorna.Morgan.Model/posts/165399963537108

http://twitter.com/#!/lorna_morgan/status/107445930436993024

http://dai.ly/qK7kiT

Lorna: are you still accepting solid coins after the crash? I suggest you switch to BTC and I hope you quickly converted any solid coins you received.

NO! I'm keener than ever. The crash was just an adjustment and the price is already on the rise. I should have bought in and not read your reply  Grin

If merchants change their mind every ten seconds then the bitcoin / solidcoin / *coin platforms will be forever just game markets for kids who are too skint for the real stock markets. I'm playing the market and doubled my money since yesterday, but thats just a sideshow to the business of promoting the currency as a real option for my members.

Join an adult site without it showing up on your credit card bill? I'm sure lots of my members would appreciate that option.

Now I'm just waiting for my friend at coinb.in to support solidcoin. Once enough people treat these currencies with some respect (yes I'm looking at you, dear reader) they will have the chance to change the world.

Too much to ask? I hope not.

Love Lorna xxx

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caston
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August 27, 2011, 02:06:36 PM
 #407


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NO! I'm keener than ever. The crash was just an adjustment and the price is already on the rise. I should have bought in and not read your reply  Grin

If merchants change their mind every ten seconds then the bitcoin / solidcoin / *coin platforms will be forever just game markets for kids who are too skint for the real stock markets. I'm playing the market and doubled my money since yesterday, but thats just a sideshow to the business of promoting the currency as a real option for my members.

Join an adult site without it showing up on your credit card bill? I'm sure lots of my members would appreciate that option.

Now I'm just waiting for my friend at coinb.in to support solidcoin. Once enough people treat these currencies with some respect (yes I'm looking at you, dear reader) they will have the chance to change the world.

Too much to ask? I hope not.

Yeah it seems to be crashing again... i'm still recovering from being sick yesterday so not fast enough to keep up with this new fangled cyberpunk world.

Anyway I don't recommend anyone "invest" in real stock markets. At least with bitcoin you can come and rant on the forums and all the players can read your rants. With the stock markets the big hedge fund manager types will never hear a peep out of you.

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armaman
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August 27, 2011, 02:14:48 PM
 #408

reposted to my blog, hope i can help spread the word Smiley

http://credibleideas.blogspot.com/2011_08_26_archive.html
Lorna Morgan
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August 27, 2011, 02:18:37 PM
 #409

although it does appear to be recovering.. maybe I should have bought back in again for the dead cat bounce hm.. would love to see what the graph looks like tomorrow...
That red message about the buy and sell order book being down has come up again.
The message comes up when load is high, the order book is moved from the main page. Lots of bots scrape it instead of using the API for some reason. http://www.solidcoins.info has a good order book pulling from the api.

@doublec I'm trying to pull your api price data from http://scexchange.bitparking.com:8080/api/ticker

I'm trying to do this on http://lorna-morgan.com/big-nude-boobs/join/join.html but to be honest it's foxing me and everyone I ask. The script is mostly around the "solidcoin accepted here" button, I've commented most of it out now and just using "var = sc_rate = xx". That's gotta be done by hand and its only really getting looked at once a day (or I'd go mad).

any ideas from a "proper" programmer?  Kiss

Love Lorna xxx

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ditchmagnet
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August 27, 2011, 02:29:40 PM
 #410

Is it worth solo mining right now?  I currently have about 2 Ghash going for me. 
doublec
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August 27, 2011, 02:36:44 PM
 #411

I'm trying to do this on http://lorna-morgan.com/big-nude-boobs/join/join.html but to be honest it's foxing me and everyone I ask. The script is mostly around the "solidcoin accepted here" button, I've commented most of it out now and just using "var = sc_rate = xx". That's gotta be done by hand and its only really getting looked at once a day (or I'd go mad).
The problem is that you're basically doing a cross site request which isn't supported in browsers. Some of the newer browsers support a protocol called CORS and will let you do it if I configure my server to allow it. The details are here. Let me know if you want to try that and I'll enable it.

Another option is to retrieve the ticker URL from your server, and make a request from your page to your server to get the data. This is usually the most reliable method.

I've just added an new API that might makes things easier. There's now a URL that will output two javascript variable definitions containing the current buy and sell prices: http://scexchange.bitparking.com:8080/api/scprices

You can include that with a script element in your HTML page and it should define the variables which you can use later:

Code:
<script src='http://scexchange.bitparking.com:8080/api/scprices' type='application/javascript'></script>
...
alert(solidcoin_sellprice);

Let me know how that goes or if you want anything changed.
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August 27, 2011, 02:40:11 PM
 #412

Quote
You still have to wait the same time to have the same confidence that your transaction will not be reversed.

Nope this isnt true, if you look at teh double spend vulnerability study, what matters is how many blocks he falls behind, NOT TIME. Or you are going to have to prove this claim to me, as all the studies show it becomes increasingly harder to double spend for each block you fall behind, NOT FOR EACH MINUTE.

This point needs analysis not argument.

The point of confirmations is not to prevent double spends, it's to prevent transactions getting canceled by replacing the block the transaction was in with a longer one. My point is that it would be far faster to carry out a 51% attack when blocks are generated far faster. The difference in the block propagation time to block generation time ratio in SolidCoin might also have some interesting side effects, none of which will be good.

Quote
2. Security - Anyone who runs a decent sized BTC pool could subvert his hashing power to perform double spends on SolidCoin right now as the barrier to a 51% attack is far lower than bitcoin.


um 51% is still 51%. I get it would take less equipment but you also get the double spend attack? It's pretty damn limited, and a rogue pool op, would probably find more luck and less risk, just diverting found blocks into a different wallet, and his users would just think the pool was a but unlucky that day. This is also a weakness with bitcoin, and as such, meaningless. But once again the faster block speeds makes it harder, not easier as his time frame to exploit decreases. It is also mainly a non issue, people wait less confirmations for small transactions, more for larger.

I don't want to pull off a double spend attack. I want to wipe out the SolidCoin to BTC exchanges by depositing SolidCoins to them, cashing out BTC, then revoking the SolidCoin transaction I paid with. I could do this with greater than about 60% of the hash power of the network when the network is at it's lowest hash power. So I could wait until most people bail out after difficulty adjusts upwards and point all my GPUs at SolidCoin. The amount of hash power needed for this attack would be tiny because I can attack the network when it's weakest and the profits would be all BTC held in the SolidCoin to BTC exchanges.

Quote
3. We make it easy - You don't even have a client that will run on Debian based Linux.

source is there, so the problem is pebcak. You also dont really need a client, most pools will let you send to an exchange, and you can also create your own keys and just forget having a client. You also claim he made practically no changes to the btc code, and yet claim solidcoin sucks cause it doesnt work on debian.. well can you not get bitcoin to work on debian? sounds like you can, so ONE CLAIM OR THE OTHER HAS TO BE WRONG. I mean you say it is the same client as btc with miner changes and then bitch you cant make it work.

Sure the source is there, but that's not making it easy now is it? Do you really expect every end user of a currency to compile the source involved?

Your second point is invalid as it only takes one very small change to break things. A decent programmer can break a hell of a lot with a single character.

Quote
5. A plan for the future - Attacking the bitcoin developers, developers who have released stable clients for all platforms seems low.

when is the last time you saw an update for the client? Hows that encrypted wallet coming?

The BitCoin client still lacks an encrypted wallet. I agree it really needs one as there are programs stealing bitcoin's wallet.dat right now. However the client they have provided appears stable for all major operating systems unlike the SolidCoin client.

Seriously nothing but garbage here. I have a feeling it is someone upset BTC went so far down, or someone who made bad trades for SC. At the very very least, it is someone who did a piss poor job of proving his point.

You failed to understand my points or deliberately ignored them. That's not the same as them being wrong. I've never mined or traded for SolidCoin.

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August 27, 2011, 02:55:57 PM
 #413

I'm trying to do this on http://lorna-morgan.com/big-nude-boobs/join/join.html but to be honest it's foxing me and everyone I ask. The script is mostly around the "solidcoin accepted here" button, I've commented most of it out now and just using "var = sc_rate = xx". That's gotta be done by hand and its only really getting looked at once a day (or I'd go mad).
I've just added an new API that might makes things easier. There's now a URL that will output two javascript variable definitions containing the current buy and sell prices: http://scexchange.bitparking.com:8080/api/scprices

You can include that with a script element in your HTML page and it should define the variables which you can use later:

Code:
<script src='http://scexchange.bitparking.com:8080/api/scprices' type='application/javascript'></script>
...
alert(solidcoin_sellprice);

Let me know how that goes or if you want anything changed.

I think that will be perfect. I'll try it out as soon as I get back to my desk.

Wheeeee!

Love Lorna xxx

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Mushroomized
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August 27, 2011, 03:05:20 PM
 #414


Cheesy

Pre Announcement for the Vulcanalia Mint! https://bitcointalk.org/index.php?topic=1645665
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August 27, 2011, 03:11:58 PM
 #415

I think that will be perfect. I'll try it out as soon as I get back to my desk.
Just be careful that you don't use the value of those variables in the page sent to the server for the actual order that is done. They can be manipulated by the user using firebug, web console, or some other web development tool. You should use them for showing the user the approximate price, and the final price should be retrieved by the server itself, not sent from the page. Hope that makes sense, and apologies if I'm telling you something you already are aware of.
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August 27, 2011, 03:20:19 PM
 #416




I think there is still a growing trend amongst miners to shift to SC, despite momentary fluctuations by the speculators. Even at current prices it is still far more profitable to mine SC. And a relatively minor correction in price is to be expected. 5 days ago it was trading at .0011, now it is trading at 1800% higher. That wasn't a crash, it was a correction, and there are far more Ghash being thrown at SC than IXcoin and I0coin combined ever had. Just b/c someone with a few thousand coins does not have the intestinal fortitude necessary to see things through does not mean the whole market is crashing.

Miners are voting with their Ghashes, perhaps they like this fork with its twice daily difficulty adjustments Wink

Edit: and at current difficulty (16,819), the exchange rate has to fall below .009 before mining SolidCoins is less profitable than Bitcoins.

Re-edit: parity is actually at 0.01455053 (thx Navigator)
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August 27, 2011, 03:30:32 PM
 #417

May I ask a dumb question plz. I deposit my SC to an expired (used) address of scexchange.bitparking.com. I read this: "Each address can only receive once. If you want to deposit more, click the button again to get a new address. Each address will accept deposits for 96 hours from the time of creation. There is a 25% fee to recover lost funds".

But how can I recovery it? Can anyone tell me plz Cheesy
doublec
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August 27, 2011, 03:35:42 PM
 #418

But how can I recovery it? Can anyone tell me plz Cheesy
By emailing the contact email in the 'whois' of the domain, or asking 'doublec' on freenode irc, or PMing me here. Preferably in that order.
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August 27, 2011, 04:05:58 PM
 #419

I think that will be perfect. I'll try it out as soon as I get back to my desk.
Just be careful that you don't use the value of those variables in the page sent to the server for the actual order that is done. They can be manipulated by the user using firebug, web console, or some other web development tool. You should use them for showing the user the approximate price, and the final price should be retrieved by the server itself, not sent from the page. Hope that makes sense, and apologies if I'm telling you something you already are aware of.

That's really important info ... Thanks!

I'll make sure I show it's an approximate price. I've already got it working on that page. Your method was SO easy in comparison to what I had before.

There is one possible request   Wink

could there be an additional variable for the day average (or similar) if that's not too much to ask?

I can imagine the price could seasaw a bit too much over the course of the 10 minutes it takes someone to make a decision to join. It may be that I wouldn't use such a variable but I was just thinking ...  Embarrassed

Even if you can't do that what you've given me is just wonderful.

Thank you.

Love Lorna xxx

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doublec
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August 27, 2011, 04:20:52 PM
 #420

could there be an additional variable for the day average (or similar) if that's not too much to ask?
I've added two variables, the high and low price in the last 24 hours. You could maybe find a midpoint between these as an average. There is an 'average' price in the ticker which is a weighted average over the last 24 hours but it has an intermittent bug which can make this lower than the low price for the day. I haven't included this since that'll cause problems with your pricing. When I've fixed that bug I'll add it and let you know.
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