Bitcoin Forum
December 03, 2016, 07:49:20 PM *
News: To be able to use the next phase of the beta forum software, please ensure that your email address is correct/functional.
 
   Home   Help Search Donate Login Register  
Pages: [1]
  Print  
Author Topic: SolidCoin is a Scam  (Read 1252 times)
thomas41546
Newbie
*
Offline Offline

Activity: 6


View Profile
October 16, 2011, 08:17:57 PM
 #1

SolidCoin is an alternative "decentralized" digital currency.
It is being promoted as a "Secure" alternative to Bitcoin, when in reality, the converse is true.

SolidCoin:
  • Closed Source (You have idea if safe code is being ran)
  • 5% from every block found goes to a hard-coded account (tax)
  • It has remote shutdown capabilities (Developer can control your client)

Since, the software can be remotely shut down, it is not decentralized---ultimately, the developer of SolidCoin has 100% control over the client.
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1480794560
Hero Member
*
Offline Offline

Posts: 1480794560

View Profile Personal Message (Offline)

Ignore
1480794560
Reply with quote  #2

1480794560
Report to moderator
thomas41546
Newbie
*
Offline Offline

Activity: 6


View Profile
October 16, 2011, 08:19:14 PM
 #2

I also forgot to mention, that I am referring to version 2+ of SolidCoin.
odysseus654
Jr. Member
*
Offline Offline

Activity: 44


View Profile
October 16, 2011, 09:03:44 PM
 #3

"Version 2+"

Hey, for all you know, SolidCoin 3.0 is gonna be the one that does everything so perfectly that BitCoin is considered the scam.

Very unlikely considering the vitriol that's coming out from that direction, but you never know...
thomas41546
Newbie
*
Offline Offline

Activity: 6


View Profile
October 16, 2011, 09:30:14 PM
 #4

True. But, for the purpose of this post, I am referring to the version 2.x of SolidCoin. The "+" operator is a bit ambiguous, but i'm sure you can infer the intended meaning.
GoldenBoar
Newbie
*
Offline Offline

Activity: 28


View Profile
October 17, 2011, 04:37:46 PM
 #5

I read a thread about that the other day, and the coins were being generated every 6 seconds despite the diffuclty rising. It looked like a scam to me. I think I'll loook that thread back up, it was pretty amusing.
ultima
Member
**
Offline Offline

Activity: 96


View Profile
October 17, 2011, 09:12:27 PM
 #6

Why use any other stuff?
julz
Legendary
*
Offline Offline

Activity: 1092



View Profile
October 18, 2011, 03:14:42 AM
 #7

come now - scam is a bit strong..   I'd describe it as a rickety patchwork of a system peddled by an incompetent egotistical leech who makes 'very misleading' statements.  There is a slight possibility that he actually believes his own marketing.


@electricwings   BM-GtyD5exuDJ2kvEbr41XchkC8x9hPxdFd
Gabi
Legendary
*
Offline Offline

Activity: 1050


View Profile
October 18, 2011, 12:18:41 PM
 #8

If

Quote
    Closed Source (You have idea if safe code is being ran)
    5% from every block found goes to a hard-coded account (tax)
    It has remote shutdown capabilities (Developer can control your client)

Is true then well yes, it's a scam
odysseus654
Jr. Member
*
Offline Offline

Activity: 44


View Profile
October 18, 2011, 02:44:38 PM
 #9

Don't we have a rather lengthy thread on this in a different forum already that we have to start replicating it word-for-word here?
johnj
Full Member
***
Offline Offline

Activity: 154


View Profile
October 18, 2011, 02:50:44 PM
 #10

Don't we have a rather lengthy thread on this in a different forum already that we have to start replicating it word-for-word here?

The newbies need to know too!  As new people are often the most uninformed, they're the most likely to believe (or not know why NOT to believe) SC's claims.

Yes, I agree that SolidCoin is a scam from the ground up.

1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
lonestar108
Jr. Member
*
Offline Offline

Activity: 56


View Profile
October 19, 2011, 08:10:39 AM
 #11

SolidCoin is an alternative "decentralized" digital currency.
It is being promoted as a "Secure" alternative to Bitcoin, when in reality, the converse is true.

SolidCoin:
  • Closed Source (You have idea if safe code is being ran)
  • 5% from every block found goes to a hard-coded account (tax)
  • It has remote shutdown capabilities (Developer can control your client)

Since, the software can be remotely shut down, it is not decentralized---ultimately, the developer of SolidCoin has 100% control over the client.

no thank you
Bit Ghost
Newbie
*
Offline Offline

Activity: 9


View Profile
October 19, 2011, 02:34:29 PM
 #12

Oh c'mon now, SolidCoin is just "growing". Anyone who gets in now is an "early adopter" one more people start using it it will gain "legitimacy." I mean if you put SolidCoin on a log graph you can see it's going straight "up." There's no way this could be a "scam."

Oh wait, it's a scam.  Cheesy

AQyXRP9mAvbgSdi7rZS2xf39MEGqprjvEb
RunescapeSeller
Newbie
*
Offline Offline

Activity: 1


View Profile
October 19, 2011, 04:48:20 PM
 #13

thanks
mr chong
Member
**
Offline Offline

Activity: 78


View Profile
October 19, 2011, 06:15:57 PM
 #14

It is best to stick to those that have been around for a while as there will end up being a long list of scams as people try to get in on the ground floor but will end up being the bag holders.
Bitmetal
Newbie
*
Offline Offline

Activity: 4

Mining strong since before the Bitpocalypse


View Profile
October 19, 2011, 10:59:09 PM
 #15

I solo mined SC for 4 days on a 2+ Gh rig, and didn't hit a single block when the calculator said I should hit every 8-9 hours. I had a strong feeling my hashes were going into someone else's pocket.
tinman951
Full Member
***
Offline Offline

Activity: 149


View Profile
October 20, 2011, 02:06:45 AM
 #16

Norton doesn't like solid coin.
I downloaded the basic client/install and Norton AntiVirus said it was bad and automatically deleted it for me.  If Norton doesn't even give me a choice there must be something wrong with it.

Free micro bitcoins: http://www.bitvisitor.com/?ref=1DFw1VncjVhqdg6GWoQ6Qtc5ncR5RHXxfP
Donate BTC: 18b94MMTWd7bWaUWcq7VHmizgswP2dK6fM
Mr. Piglet
Newbie
*
Offline Offline

Activity: 26


Hmm... Bacon


View Profile
October 20, 2011, 04:00:54 AM
 #17

Norton doesn't like solid coin.
I downloaded the basic client/install and Norton AntiVirus said it was bad and automatically deleted it for me.  If Norton doesn't even give me a choice there must be something wrong with it.

There's also people installing without consent on computers they infect mining software (and the client, of course) so they can use their CPU/GPU to mine without their knowledge... because of those infections, anti-virus tend to flag crypto-currency miners as malware... Same thing happened to me for bitcoins (Guiminer, which is not malware at all. Although maybe bitcoin client was popular enough to get whitelisted by the antivirus makers?)
RADEONHD
Newbie
*
Offline Offline

Activity: 7


View Profile
October 20, 2011, 05:32:07 AM
 #18

wtf is "solidcoin" ?
tinman951
Full Member
***
Offline Offline

Activity: 149


View Profile
October 20, 2011, 06:21:54 AM
 #19

wtf is "solidcoin" ?

http://solidcoin.info/

It is another cryptocurrency.  Like namecoin, bitcoin, ***coin and so on.

The operator of solid coin (SC) says that the way of the bitcoin is collapsing and that SC is what will replace it.

Free micro bitcoins: http://www.bitvisitor.com/?ref=1DFw1VncjVhqdg6GWoQ6Qtc5ncR5RHXxfP
Donate BTC: 18b94MMTWd7bWaUWcq7VHmizgswP2dK6fM
johnj
Full Member
***
Offline Offline

Activity: 154


View Profile
October 20, 2011, 03:59:49 PM
 #20

wtf is "solidcoin" ?

http://solidcoin.info/

It is another cryptocurrency.  Like namecoin, bitcoin, ***coin and so on.

The operator of solid coin (SC) says that the way of the bitcoin is collapsing and that SC is what will replace it.

Which is kinda funny, seeing as how CryptoX dropped them after they realized how SC is fundamentally different (centralized) than BTC

https://bitcointalk.org/index.php?topic=48226.0

Edit: It also further discredits SC that one of the leads of CryptoX was put in the "About" of SC -WITHOUT- his permission.


1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym
TradeHill Referral TH-R120549
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!