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Author Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools  (Read 80064 times)
the joint
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August 31, 2011, 01:28:41 AM
 #661

Dude.  You're incredibly dense.  Right now, it doesn't matter how good SC theory is.  Bitcoin is still better in virtually every way because you can BUY STUFF WITH IT.

Ever think of something else?  Bitcoin has had 2 years, and so far, it still has a very small economy.  The very few who were willing to risk setting up businesses and such have put time and money on the line based upon the expectation that Bitcoin would/will be a success.  Guess what happens if Bitcoin collapses?  Do you really think they'll be like, "Oh!  Wait a minute!  I mean, I know I lost huge on the whole Bitcoin thing, but this SolidCoin thing is great!  I mean, it's been around for like...weeks!  This seems like a really really good idea!  I'm gonna do a new business!"

In 2 years, Bitcoin has garnished the attention of the people that would really care about digital currency-related businesses.  If they give up because Bitcoin fails (and they will give up on digital currencies if they lose big), good luck trying to find a new breed of digital currency entrepreneurs to take on SolidCoin let alone one of the dozens of other cryptocurrencies that will likely spring up between now and then.  I think if you really want SolidCoin to succeed, you should really act more kindly with your potential future investors.

For such a smart guy like yourself, you seem to do a poor job at parching the situation.  And really...work on your communication.  A little antagonizing and we've seen bits of your true nature emerge.  Don't blame you though.  It's a natural response given the situation.

What you are missing is it won't really make much of a difference in the long run, many merchant payment services will likely adjust to take other currencies and likely provide the capabilities to auto exchange between them for payout to the merchant with little to no effort on their part, you see with cryptocurrency this is a real possibility and even easier than with fiat currency.  These currencies can coexist easily and this kind of behavior is not unheard of in human history i.e. gold, silver and copper as well as stocks, bonds, mutual funds, forex, and commodities for investment purposes.  There is plenty of room for fiat currency displacement in the world that several types of cryptocurrencies can and will survive so long as they bring improvements and innovation, not sure why solidcoin is getting such animosity, it has brought and will continue to bring improvements that may also benefit bitcoin, and if nothing else we will get more empirical data about how these fledgling systems operate and how to make them even better.

What you are missing is that there needs to be a short run before a long run.  And even if you take the current BTC economy and add all these other little currencies as mediums of exchange, all that does is inhibit the growth of any single one and cryptocurrencies will remain underground forever.  This will limit overall economic growth and the true and potential advantages of using crypotcurrencies will never be fully realized.

And, you will get empirical data that you can't generalize to the population at large.  It will be applicable to the nerd crew only.

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CoinHunter
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August 31, 2011, 01:29:44 AM
 #662

Dude.  You're incredibly dense.  Right now, it doesn't matter how good SC theory is.  Bitcoin is still better in virtually every way because you can BUY STUFF WITH IT.

Hey dude you can buy stuff with SolidCoin too!

And BTW, vendors only need to take 5 minutes switching to SolidCoin, it's not hard. One of the advantages of me still supporting the archaic bitcoin API.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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August 31, 2011, 01:33:46 AM
 #663

What we do know is that in under a week we have gone from 1.2 THash, or 11% of the BTC network to 300GHash and SolidCoin is still flying.
You don't understand that loosing over 80% of your miners in a matter of days as indicative of a larger problem? The SC network is already down to 200G. A little more and a single miner like ArtForz could wipe out your chain. Hell, in a couple days I might be able to. I better dump my SC asap.
* Syke goes off to start compiling a custom SC node...

Firstly no it's not really a problem LOSING 80% of the network hash, it's a good test of how resilient the code is. Without that happening I won't be able to point to it in the future as evidence. It's an issue all new chains will face gaining support from miners. They come and go when it's "immediately profitable" or "immediately not profitable".

I also don't think it's wise to publicly out yourself as a troll but nevertheless I can't stop you. Smiley

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
the joint
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August 31, 2011, 01:36:31 AM
 #664

Dude.  You're incredibly dense.  Right now, it doesn't matter how good SC theory is.  Bitcoin is still better in virtually every way because you can BUY STUFF WITH IT.

Hey dude you can buy stuff with SolidCoin too!

And BTW, vendors only need to take 5 minutes switching to SolidCoin, it's not hard. One of the advantages of me still supporting the archaic bitcoin API.

Dude, do you permanently reside in nerdland?  And when I said buy stuff, I meant good stuff.

Normal businessmen do not consider accepting SolidCoin, let alone Bitcoin, easy.   You remind me of those guys screaming, "Guys! Guys!  Encrypting your wallet is NOT that hard.  All you need to do is download x operating system onto a bootable disc and blah blah blah blah blah....."

You took Bitcoin and changed a few things.  Whoopdie doo.  

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August 31, 2011, 01:38:37 AM
 #665

Okay then, sorry for any misunderstanding. I do believe that solidcoin is an improvement over bitcoin most definitely, but that is the same thing with namecoin, yet people have not "fleeced" there from bitcoin.

Artforz has "suggested" code be put into i0coin which was designed to ensure his FPGA miners got more of the blocks than others. Someone incompetent then added the code. So this is what I mean by fleece, he has willfully decided to fleece BTC from the ignorant people who don't understand it. Perhaps people think that he's a champion for using his intelligence in such a manner but to me it comes across as deceitful.

The other BTC trolls here taking joy in the potential misery of others is also quite a sad indictment on the human race.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
the joint
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August 31, 2011, 01:39:08 AM
 #666

Dude.  You're incredibly dense.  Right now, it doesn't matter how good SC theory is.  Bitcoin is still better in virtually every way because you can BUY STUFF WITH IT.

Hey dude you can buy stuff with SolidCoin too!

And BTW, vendors only need to take 5 minutes switching to SolidCoin, it's not hard. One of the advantages of me still supporting the archaic bitcoin API.

@CoinHunter

Don't argue with these morons, just keep improving your code.

I love the reasoning that simply because no one has bothered to fix Bitcoin in 2 years that means it is ok LOL....

That wasn't the reasoning.  You made that reasoning up.

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August 31, 2011, 01:40:48 AM
 #667

Okay then, sorry for any misunderstanding. I do believe that solidcoin is an improvement over bitcoin most definitely, but that is the same thing with namecoin, yet people have not "fleeced" there from bitcoin.

Artforz has "suggested" code be put into i0coin which was designed to ensure his FPGA miners got more of the blocks than others. Someone incompetent then added the code. So this is what I mean by fleece, he has willfully decided to fleece BTC from the ignorant people who don't understand it. Perhaps people think that he's a champion for using his intelligence in such a manner but to me it comes across as deceitful.

The other BTC trolls here taking joy in the potential misery of others is also quite a sad indictment on the human race.

Um...you're on bitcointalk.org.  Bitcoin is Run DMC and you're 50 cent.

Edit:  I dislike rap.

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August 31, 2011, 01:41:34 AM
 #668

Dude, do you permanently reside in nerdland?  And when I said buy stuff, I meant good stuff.

Ok so now we're getting down to the meat of your debating talents, that when I reply to your incorrect statements you change them to subjective ones.

"I didn't mean buy stuff, I meant buy stuff that I like from the shop I like"

Normal businessmen do not consider accepting SolidCoin, let alone Bitcoin, easy.

That's what I'm going to change. You excited? You should be.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
the joint
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August 31, 2011, 01:45:35 AM
 #669

Dude, do you permanently reside in nerdland?  And when I said buy stuff, I meant good stuff.

Ok so now we're getting down to the meat of your debating talents, that when I reply to your incorrect statements you change them to subjective ones.

"I didn't mean buy stuff, I meant buy stuff that I like from the shop I like"

Normal businessmen do not consider accepting SolidCoin, let alone Bitcoin, easy.

That's what I'm going to change. You excited? You should be.

No, it was a subjective statement obviously referring to a larger issue.  There's a reason nerds are nerds.  They're good with gadgets, but they suck at understanding what people actually want.

You know what I meant when I said "good stuff."  I was referring to the ridiculously limited selection of things you can buy with SC.  I'm on this forum every day, and I haven't seen one thing that I can buy with SC.

I'm not excited yet because I don't believe you are good at understanding what people want.

Edit:  Your debating talents include "oh yeah, that's coming...hasn't happened yet, but it will.  You just watch. Watchin' yet?"

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August 31, 2011, 01:52:27 AM
 #670

Dude, do you permanently reside in nerdland?  And when I said buy stuff, I meant good stuff.

Ok so now we're getting down to the meat of your debating talents, that when I reply to your incorrect statements you change them to subjective ones.

"I didn't mean buy stuff, I meant buy stuff that I like from the shop I like"

Normal businessmen do not consider accepting SolidCoin, let alone Bitcoin, easy.

That's what I'm going to change. You excited? You should be.

No, it was a subjective statement obviously referring to a larger issue.  There's a reason nerds are nerds.  They're good with gadgets, but they suck at understanding what people actually want.

You know what I meant when I said "good stuff."  I was referring to the ridiculously limited selection of things you can buy with SC.  I'm on this forum every day, and I haven't seen one thing that I can buy with SC.

I'm not excited yet because I don't believe you are good at understanding what people want.

Edit:  Your debating talents include "oh yeah, that's coming...hasn't happened yet, but it will.  You just watch. Watchin' yet?"

enter address, select compound, press send.
opiates and cannabanoids delivered to my braincase, instantaneously? XD
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August 31, 2011, 02:00:47 AM
 #671

Dude, do you permanently reside in nerdland?  And when I said buy stuff, I meant good stuff.

Ok so now we're getting down to the meat of your debating talents, that when I reply to your incorrect statements you change them to subjective ones.

"I didn't mean buy stuff, I meant buy stuff that I like from the shop I like"

Normal businessmen do not consider accepting SolidCoin, let alone Bitcoin, easy.

That's what I'm going to change. You excited? You should be.


@CoinHunter

Dude, you're arguing with punks that have "13 year old Jr High School Girl" mentality.

You and I and anyone that doesn't have a fat wallet of BTC waiting for $30 per BTC to comeback knows that SolidCoin is an improvement. Not perfect, but it moves the needle to the good. Keep on coding.

Stop projecting cause you never got any girls when you were 13.

I own more SC than BTC, fyi.  

Edit:  I'm terminating my discussion on this thread.  The guy who suggested instantaneous transmission of substances to the brain has a better economic model.  He's a guy who knows what people want.


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August 31, 2011, 02:14:12 AM
 #672

Dude.  You're incredibly dense.  Right now, it doesn't matter how good SC theory is.  Bitcoin is still better in virtually every way because you can BUY STUFF WITH IT.

Hey dude you can buy stuff with SolidCoin too!

And BTW, vendors only need to take 5 minutes switching to SolidCoin, it's not hard. One of the advantages of me still supporting the archaic bitcoin API.

Actually with my current website, it will take me ALOT of work so that is a blunt statment. I don't know of any exchange that will directly take USD for SC or vice versa, I'm forced to program fluctuating SC exchange rate with the already fluxuating exchange rate..... on top of that I have a "Locked in BTC price" so its even more of a hassel. That is why I'm going to sit on the side till SC gets its stuff together.
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August 31, 2011, 02:21:19 AM
 #673

Actually with my current website, it will take me ALOT of work so that is a blunt statment. I don't know of any exchange that will directly take USD for SC or vice versa, I'm forced to program fluctuating SC exchange rate with the already fluxuating exchange rate..... on top of that I have a "Locked in BTC price" so its even more of a hassel. That is why I'm going to sit on the side till SC gets its stuff together.

Yep all good points. It depends of course on a variety of factors, but regardless of what the "value" is, switching to SolidCoin is really painless for most sites. Obviously determining "value" is an importing thing for any business and will definitely restrict uptake.

So we need to improve the developer tools and make it easy for businesses used to dealing in fiat to have that option. Unlike bitcoin we aren't going to force users to rely on middlemen who go to the exchanges for you and take fees and then give you fiat after a complicated and unneeded signing up procedure. We are working closely with some exchanges to offer this straight to the business and give them the code to use it.

Even with Bitcoin's "value" in 50% swings in some days businesses can't rely on it. So for a while at least we have to peg value to fiat and keep their holdings in fiat until the day the currency is stable.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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August 31, 2011, 03:34:03 AM
 #674

Firstly no it's not really a problem LOSING 80% of the network hash, it's a good test of how resilient the code is. Without that happening I won't be able to point to it in the future as evidence. It's an issue all new chains will face gaining support from miners. They come and go when it's "immediately profitable" or "immediately not profitable".
Let's assume we lose almost all the rest of the miners. What's the longest time that can pass until the next difficulty adjustment?

Buy & Hold
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August 31, 2011, 03:52:40 AM
 #675

Let's assume we lose almost all the rest of the miners. What's the longest time that can pass until the next difficulty adjustment?

We can't really have a discussion unless you give actual numbers. The longest time it can take is infinite, with 0 miners. Smiley Don't know if that really answers your question or not.

We're about to see a drop back down to 8000 diff or so in 6 hours, down from 18000. So we will likely see more miners coming back and the cycle continues. Notice however that we now have a new minimum amount of miners (compared to starting with 0 ) Smiley This is part of the algorithm. Each cycle the base should continue to grow.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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August 31, 2011, 04:29:39 AM
 #676

Let's assume we lose almost all the rest of the miners. What's the longest time that can pass until the next difficulty adjustment?
We can't really have a discussion unless you give actual numbers. The longest time it can take is infinite, with 0 miners. Smiley Don't know if that really answers your question or not.
I'm sorry if "almost all" means 0 to you. Let me try some easier questions for you.

The FAQ states:

Quote
it can lower difficulty 400% in 12 hours

First, what does 400% lower difficulty mean given a current difficulty of 18,246?

Why hasn't the difficulty lowered in the last 13+ hours?

Buy & Hold
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August 31, 2011, 04:54:37 AM
 #677

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August 31, 2011, 04:56:33 AM
 #678

It can drop by a factor of 4 at maximum, so anything up to 12 minute block average is under the 4x limit.

At the moment blocks are averaging perhaps 6-8 minutes. Still under BTC confirmations even though we've dropped 900GH which is why SolidCoin is the fastest currency. So we should see a drop down to about 9000, give or take. We are 43 blocks away from this retarget period actually... not very long at all.

Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums
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August 31, 2011, 04:57:01 AM
 #679

Let's assume we lose almost all the rest of the miners. What's the longest time that can pass until the next difficulty adjustment?
We can't really have a discussion unless you give actual numbers. The longest time it can take is infinite, with 0 miners. Smiley Don't know if that really answers your question or not.
I'm sorry if "almost all" means 0 to you. Let me try some easier questions for you.

The FAQ states:

Quote
it can lower difficulty 400% in 12 hours

First, what does 400% lower difficulty mean given a current difficulty of 18,246?

Why hasn't the difficulty lowered in the last 13+ hours?

I'm not sure why CoinHunter keeps on using this 400% number. It makes absolute no sense. You can't lower a number by 400%. If you lower by 100%, you get 0. Lowering by 400% gives you -54,738?!? I think what he's trying to say is that it can lower at most 75%. Also the 12 hours is an estimate. The actual time depends on how long it takes to find 240 blocks. At the ideal rate of a block every 3 minutes, you will find 240 blocks in 12 hours. But if you lose 90% of your miners, it could take 5 days. And when the difficulty adjusts after 5 days, it will only reduce by 75% max and not 90%.

So, CoinHunter, please fix the text on your website.

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August 31, 2011, 05:06:42 AM
 #680

Coblee, 400% means 4.00. You divide the difficulty by 4 maximum.
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