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Author Topic: SC Releases his 'white paper', hilarity ensues  (Read 11897 times)
coblee
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October 12, 2011, 10:02:01 PM
 #181

From my reading, he's not spread any lies but given factual answers.

For instance:

Yes on the 10% tax.  Still it doesn't matter.  You paying 10% directly or inflation reducing the buying power of 1 coin by 10% does the same thing (just ask the Fed - take a look @ food prices).

The fallacy there whether he chooses to admit it or not, is that it is 5%, the 5% comes in from the even numbered blocks and are thusly generated by the Arbiter nodes as a part of the definition of an Arbiter node.

So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.

Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.

I thought 1.6 SC is generated as CPF (not sure which block) AND the trusted nodes pays CPF 1.6 SC for each even numbered blocks. So that adds up to 3.2 SC for every 2 blocks.

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Lolcust
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October 12, 2011, 10:03:11 PM
 #182

Listen, monitoring is done by people or relatively trivial code usually. No one is going to write a neural net to monitor coinhunter's shit, he doesn't have to invent perfect obfuscation, just one good enough to confuse majority of observers.

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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BTC: 15F8xbgRBA1XZ4hmtdFDUasroa2A5rYg8M
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October 12, 2011, 11:37:44 PM
 #183

ViperJBM

You need to change you sig

Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency Smiley

You need a virtual ass ?


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October 13, 2011, 12:50:20 AM
 #184

From my reading, he's not spread any lies but given factual answers.

For instance:

Yes on the 10% tax.  Still it doesn't matter.  You paying 10% directly or inflation reducing the buying power of 1 coin by 10% does the same thing (just ask the Fed - take a look @ food prices).

The fallacy there whether he chooses to admit it or not, is that it is 5%, the 5% comes in from the even numbered blocks and are thusly generated by the Arbiter nodes as a part of the definition of an Arbiter node.

So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.

Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.

I'm not clear on your position here.

Do you agree that there is taxation/inflation going on here or are you saying that this isn't happening?

If this post was useful, interesting or entertaining, then you've misunderstood. 1N6rmaDiPf8ke3mx8217NykAMDZXkX713x
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October 13, 2011, 01:00:56 AM
 #185

The fallacy there whether he chooses to admit it or not, is that it is 5%, the 5% comes in from the even numbered blocks and are thusly generated by the Arbiter nodes as a part of the definition of an Arbiter node.

So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.

Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.

No you are wrong and Coinhundter has already confirmed it.

There are TWO transactions in the even block.

1.6 SC from trusted nodes -> CH personal wallet 
 PLUS
1.6 SC minted out of thin air -> CH personal wallet
------
~3.2 SC for every even block.

Every odd block (normal) block has 32 SC.

So 10% of everything goes to Coin Hunter personal wallet.

You do know you can see the transactions in blocks w/ the client right?

Just look at any even number blocks.  You will notice the amount sent to Coin Hunter isn't 1.6SC (5%) it is 3.2SC (10%) it just happens to come from two sources (half from trusted nodes & half from nothing).


I've been analyzing it for myself while I will be quoted out of context here that would appear to be the case, however I will add there is a disparity all the same, the 3.2002 coins are constant every time, the odd number payouts are rising (due to increased difficulty) with 37.5602 being the latest block reward w/ no tx fees in essence if my observation is correct, initially it was 10% to CPF but that is being reduced with difficulty and later as the base reward drops... at max difficulty with the lowest base you would be looking at 0.4 to CPF and >10-14 to miner which is greatly reduced from 10%

I'm sure if his personal cut is dropping he'll fix that bug quickly.  Either that or halt the chain and then relase SC3 with even more premined coins, a higher tax and everything mined by super-nodes with random rewards given out to miners based on connection time (unless blocked by a super-node).  That would totally solve the 51% problem.
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October 13, 2011, 01:06:37 AM
 #186

Actually, lottery based (re?)distribution seems like a fun idea.

Geist Geld, the experimental cryptocurrency, is ready for yet another SolidCoin collapse Wink

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October 13, 2011, 01:09:02 AM
 #187

Actually, lottery based (re?)distribution seems like a fun idea.

This is what my next ScamCoin is all about mate. I will file for intellectual property theft.
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October 13, 2011, 04:42:14 AM
 #188

Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency Smiley
You need a virtual ass ?

I will pay 1 BTC to anyone who can give me a drawing of this.

For reference, here is the last piece of art I had commissioned:
NeedyPoo's amazing rendition of RealSolid (NSFW)

NeedyPoo's amazing rendition of RealSolid (NSFW) (http://i.imgur.com/5a9sJ.png)
They say Solidcoin is only good for one thing... (rendition by johnj) (http://i.imgur.com/QXBs3.png)
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October 13, 2011, 04:59:20 AM
 #189

Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency Smiley
You need a virtual ass ?

I will pay 1 BTC to anyone who can give me a drawing of this.

For reference, here is the last piece of art I had commissioned:
NeedyPoo's amazing rendition of RealSolid (NSFW)

As requested, someone confused as to how to wipe their virtual ass with Solidcoins

http://i.imgur.com/6elfN.png

1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
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October 13, 2011, 05:03:36 AM
 #190

As requested, someone confused as to how to wipe their virtual ass with Solidcoins

http://i.imgur.com/6elfN.png

I have a minor modification request. Please add a cleaver caption so that people will know what this picture is about.

1 BTC being sent to 1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym!

NeedyPoo's amazing rendition of RealSolid (NSFW) (http://i.imgur.com/5a9sJ.png)
They say Solidcoin is only good for one thing... (rendition by johnj) (http://i.imgur.com/QXBs3.png)
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October 13, 2011, 05:11:29 AM
 #191

As requested, someone confused as to how to wipe their virtual ass with Solidcoins

http://i.imgur.com/6elfN.png

I have a minor modification request. Please add a cleaver caption so that people will know what this picture is about.

1 BTC being sent to 1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym!

Updated with a cleaver caption

http://i.imgur.com/QXBs3.png

1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
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penix
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October 13, 2011, 05:13:07 AM
 #192

Updated with a cleaver caption

http://i.imgur.com/QXBs3.png

Have an extra .5 BTC for cleverly adding a cleaver!

NeedyPoo's amazing rendition of RealSolid (NSFW) (http://i.imgur.com/5a9sJ.png)
They say Solidcoin is only good for one thing... (rendition by johnj) (http://i.imgur.com/QXBs3.png)
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October 13, 2011, 05:15:54 AM
 #193

Haha, I almost (almost) feel guilty for accepting that, but it was too much fun!

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