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[Lolcust]

So actually Protecshun fund is more like 5% extortion + 5% theft ? Ossom.

[Lolcust]

Science fact: A million premined affects the market far less than a million hax-mined.

[coblee]

Science fact: A million premined affects the market far less than a million hax-mined.

Got to agree with you there.

[sd]

coblee, what do you make of the OP. everyother block goes to coin protection.

It looks like CH designed this thing so the difficulty 1 'tock' blocks could only be generated by certain systems. It looks like some kind of rate limiting or block generating brake. It also looks like it's not working. Or it could be some kind of anti-forking protection. Even if working as designed his system generates twice the blocks three times as often as BitCoin, over time it's going to use 6 times the bandwidth and disk space. That rules mobile devices out of ever being part of the SC2 network.

SC2 difficulty targeting is obviously wrong. The problems it suffers from have been widely discussed here.

If CH released his design here he would have got flamed but he would also have got invaluable feedback. Now he has an implementation based on what appears to be an incorrect design. He has no choice but to fundamentally change that design.


I for one am glad I slept though the whole thing.

[coblee]

coblee, what do you make of the OP. everyother block goes to coin protection.

Only one thing to say.... Litecoin is coming soon.
No premines, no coin protection fund, open sourced, and a fair release.

BitcoinEXpress, if you are reading this, please don't attack Litecoin. :p

[3phase]

Well, I was close to the answer:
https://bitcointalk.org/index.php?topic=47722.msg567749#msg567749

Indeed, blocks are found with difficulty 1, but only half of them, and only by CH's miners which are specially designed to mine without taking into account the current difficulty every other block.

It wasn't a bug after all it's a feature !!! Who would have thought?

Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins.

No wonder BTCExpress thought that he was succeeding in his attack.

Well, that also explains why all of Coinotron's blocks are ODD numbers (as in opposite to EVEN).

Next thing that happens, BTCExpress or Artforz hacks a similar "super client" and start mining at difficulty 1 every other block, BEFORE CH manages to do so.

This is surely going to be fun  .

[doublec]

Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins.

That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.

[3phase]

Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins.

That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.

Correct, if we all understand correctly. I had not realised that.

Whatever the case, from a scientific standpoint it is an interesting experiment which will certainly be written of in the history of blockchains.

"Remember Coinhunter and Solidcoin?" said the grandfather to his grandson.

[kano]

Hmm I wonder if that means that if CH stops mining, the whole network cannot produce any more blocks ... ... ...

No I'm not suggesting a way to take down SC2.0 - of course not.
(what IP addresses are creating EVEN numbered blocks?)

[Bitcoin Oz]

Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins.

That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.

That would make sense. Besides..cant you just use a block explorer to see all the blocks and whats in them ?

[Spacy]

Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins.

That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.

That would make sense. Besides..cant you just use a block explorer to see all the blocks and whats in them ?

You can also use sc_getblockbynumber... The TBX trolls just try to spread FUD because they know, SC2 is more advanced than their premined chain crap...

[Lolcust]

Well, your chain will soon have about a million rapidmined coins that are guaranteed to flood the market

Good game, SC2

[DeathAndTaxes]

So

SC2 is open except the sourced code hasn't been made available.
SC2 is distributed except that every other block comes from special trust nodes setup by a single person, without which the network simply can not run.
SC2 is fair except 1 mil coins premined + 5% eternal tax + the most rapid coinbase inflation in history of crypto-currency.

[Lolcust]

Haxing solidcoins, sir!

[Lolcust]

Well, your chain will soon have about a million rapidmined coins that are guaranteed to flood the market

Good game, SC2

Lolcust I thought you were at least reasonably psuedo-sane... not expecting you to be pro-solidcoin but even in discussions I have seen you have and your adoption of my language on how to describe the fixed "inflation" rate to people who don't understand the difference in "inflation" and coin growth should know that the first couple weeks, heck the first couple months or years are a hiccup in the pricing model....

At this point it's not an inflation issue.

It's a "dude(s?) with absurd amount of coins, absolutely no long-term plan, and openly hostile attitude" issue, unless you are willing to claim that the current state of affairs is primarily due to legitimate miners and not shenanigans on part of a hostile party.

[Lolcust]

TBX and SLC merge-mining is unlikely, assuming the PoW algos are different.

Anyway, I find the hypothesis that this spike is legitimate miners to be fairly implausible, but I guess we will have to wait and see how it will play out.

[johnj]

TBX and SLC are really the only 2 legit players now.

SC is nowhere near 'legit' until it's difficulty gets situated.  From where I'm sitting, the difficulty is borked.

[tacotime]

well, it's good to see sc2's launch is going as smoothly as sc1.

If that's the way 51% attacks are prevented, it's really half assed if not uncreative.

[3phase]

Sure, eat this, 51% attackers. No one can perform a network overtake, because the actual network actually produces only 50% of the coins.

That would be 50% of the blocks, not 50% of the coins wouldn't it? The 1 difficulty even blocks are for less coins - they are the protection fund coins IIUC.

So does this system actually protect against 51% attacks? If so then a serious currency could implement this with difficulty 1 blocks that don't generate any coins.

I agree with the implication. A serious currency would at least test this strategy extensively, and discuss it openly in the developer forums for quite some time, in case something has slipped their attention, and ends in Fkin UP their currency.