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Author Topic: Solidcoin 2 victory!  (Read 5671 times)
mr_change
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October 13, 2011, 02:01:54 PM
 #1

I just achieved my greatest accomplishment since Solidcoin1 was launched. I sold all of my solidcoins. Cheesy

I know, I know - childish. But I'm glad to see the end of that mess.
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Every time a block is mined, a certain amount of BTC (called the subsidy) is created out of thin air and given to the miner. The subsidy halves every four years and will reach 0 in about 130 years.
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panerai
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October 13, 2011, 02:11:32 PM
 #2

What is Solidcoin?
mr_change
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October 13, 2011, 02:50:41 PM
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What is Solidcoin?

From what I've seen (and I'm sure some of this is incorrect or incomplete)...

It is an alternate cryptocurrency which started from a slightly different philosophical platform than bitcoin. Unfortunately, in addressing some of the issues (real or perceived) with bitcoin, it managed to introduce some new issues which had already been solved.

When these issues were pointed out to the developer/creator, he became defensive, belligerent, offensive, and combative. So much so, in fact, that the solidcoin mining pool at btcguild was shut down by that site's administrators. Sometime around this  point, someone attacked the currency (a 51% attack I think?). Mining was stopped, the chain was rolled back, the code was magically reformulated (it's magic, at least until the source code is released), and about a month later (just in the last few days, actually) was relaunched as "SolidCoin 2.0!"

I'm sure there were a few people like me who tried mining of the 'new' solidcoin for a day or so to see how quickly they could generate some coins, but it looks like most people are working hard to either (a) get the hell out and divest themselves of everything solidcoin-related, or (b) trading frantically, trying to make a bit of cash as a cryptocurrency day trader.

In summary, SolidCoin 2.0 is another flawed cryptocurrency with some interesting ideas, but doomed to failure mostly because of the overwhelming arrogance of the lead developer.
Spacy
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October 13, 2011, 03:44:21 PM
 #4

You could invest the BTC in TBX, the price is quite low now, good time to buy!
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October 13, 2011, 03:48:10 PM
 #5

You could invest the BTC in TBX, the price is quite low now, good time to buy!

Price is low cause no one wants to buy and those who had alot just dumped all their tbx into the bid orders.

The end.

...In the land of the stale, the man with one share is king... >> Clipse

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October 13, 2011, 03:52:01 PM
 #6

I wouldn't invest in any alternate currency, except Namecoins.
Due to merged mining, the chain is "futureproof".
And it has still a good value.
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October 13, 2011, 03:59:43 PM
 #7

I wouldn't invest in any alternate currency, except Namecoins.
Due to merged mining, the chain is "futureproof".
And it has still a good value.

Due to merged mining a lot of people who don't need them get extra NMC, so they are dumping them. Before only people who wanted NMC bought them or mined them. I think that's not really positive for the price.
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October 13, 2011, 04:16:34 PM
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You could invest the BTC in TBX, the price is quite low now, good time to buy!

Price is low cause no one wants to buy and those who had alot just dumped all their tbx into the bid orders.

The end.

As per usual with the scam chains when the gig is up the mass dump happens and actually as scamcoins go tbx is a hell of a bargain compared to SC 2.0 in that category as it has a diff of .16 vs 20K plus so a factor of 62500 less difficult taking into account the /2 for the diff 1 every other block to mine as compared to going for just over half the SC 2.0 price. So on that alone the tbx people are making boat loads more per hash effort compared to SC 2.0.

Boat loads.... YES!  Smiley
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October 13, 2011, 04:23:07 PM
 #9

You could invest the BTC in TBX, the price is quite low now, good time to buy!

Price is low cause no one wants to buy and those who had alot just dumped all their tbx into the bid orders.

The end.

As per usual with the scam chains when the gig is up the mass dump happens and actually as scamcoins go tbx is a hell of a bargain compared to SC 2.0 in that category as it has a diff of .16 vs 20K plus so a factor of 62500 less difficult taking into account the /2 for the diff 1 every other block to mine as compared to going for just over half the SC 2.0 price. So on that alone the tbx people are making boat loads more per hash effort compared to SC 2.0.

Eh no. I think RS just adjusted the SC2 difficulty calculation to show some normal numbers, much more readable than this 0.0... of TBX.
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October 13, 2011, 07:32:53 PM
 #10

CONGRATS!  Grin Grin Grin

Solidcoin's first documented victory!!!! YAY

On 17th SC2 will have its second  Shocked
johnj
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October 13, 2011, 08:24:25 PM
 #11

BTC-E is already exchanging for USD, they've moved about $20 USD in the past 24 hours....

Is there another?

I think CryptoXchange will be exchanging SC.

And if they don't have enough sense to do a little background on how SC+Exchanges have worked out in the past, there is no way in hell I'm depositing anything there.

Or they are aware and have been fed propaganda by SC sentinels, in which they're displaying spectacularly poor decision making skills... which leads me back to there's no way in hell I'm depositing anything there.

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October 13, 2011, 08:36:52 PM
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Further, w/o a source for SC 2.0, I think it's extremely foolish to offer to exchange SC, seeing as how we don't even know what it really is.  So far we only have CH's word on how stuff works.  Apparantly that's enough to get convince CryptoXchange to accept your *coin.

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October 13, 2011, 08:46:51 PM
 #13

Or they are aware and have been fed propaganda by SC sentinels, in which they're displaying spectacularly poor decision making skills... which leads me back to there's no way in hell I'm depositing anything there.

I personally would stay away from them https://bitcointalk.org/index.php?topic=43908.0

But I just lost Bitcoin to this https://bitcointalk.org/index.php?topic=47325.0 , so what do I know Cheesy

Oh wait, I think along with being Goxed, I'm an expert

johnj
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October 13, 2011, 09:21:02 PM
 #14

Oh it's just a re-announce of this https://bitcointalk.org/index.php?topic=47915.0

I'm sure there is a personal connection between CH and Colin Armitt and undoubtedly one of the Trusted Nodes.





Well, I find it interesting that

both viperjm and ten98 were in BitcoinPorns thread
both defending CryptoXchange
both viciously supportive of CH/SC.

SC 1.0 goes down, CryptoX gets delayed
Sc 2.0 comes up, CryptoX gets launched

Isn't CH in Australia, same as CryptoX?


Wow, whole lot of connections

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johnj
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October 13, 2011, 09:25:07 PM
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I just find the connections interesting, that's all.

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October 13, 2011, 09:27:23 PM
 #16

Wow, whole lot of connections
Something is going on behind the scenes with that site, and I wish it was good, but it sure doesn't feel that way.

BitcoinEXpress, a re-re-announce? https://bitcointalk.org/index.php?topic=43653.0

johnj
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October 13, 2011, 09:34:44 PM
 #17

I just find the connections interesting, that's all.

My only post in that topic was to complete the list of exploitable open source cryptocurrencies lol ... it didn't even have anything to do with CryptoX but whatever you want to believe lol

My, you're getting quite defensive at such a small connection.

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October 13, 2011, 09:37:46 PM
 #18

I just find the connections interesting, that's all.

My only post in that topic was to complete the list of exploitable open source cryptocurrencies lol ... it didn't even have anything to do with CryptoX but whatever you want to believe lol

You know how this runs here, facts don't count , just unsubstantial accusations and FUD  Wink
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October 13, 2011, 09:37:51 PM
 #19

My, you're getting quite defensive at such a small connection.
Everybody here better hope for your own sake that you can do something so significant in someone elses life to turn them into as much of a fanboy viperjbm is.   I do not mean this as an insult either.

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October 13, 2011, 09:45:57 PM
 #20

Basically the "Big Victory" on the 17th is the Re Re - Announce of CryptoXchange LOL

No.

https://bitcointalk.org/index.php?topic=47357.msg563897#msg563897

"Haven't tried the 51% attack yet and furthermore it will be a re-org attack. I want determine how CH remotely has control over the clients first. The agreed upon time frame was him releasing the client before OCT 10 and me killing it before OCT 17."
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