SolidCoin 2 - GPU mining and the future

[CoinHunter]

Satoshi developed a hashing algorithm in Bitcoin which saw GPUs dominate it, forcing CPU users to the dustbin and making it a lot more difficult for everyone to mine Bitcoin. Out of this grew the GPU farms and the Bitcoin mining community.

Prior to SolidCoin v2.0 I released some info saying we were going to a CPU algorithm for SC2, knowing that the trolls would attempt to copy the idea. The end result, tenebrix, a CPU miner, now a dead chain. (I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

Like all the core SolidCoin people know, we are the current technical leader of cryptocurrencies, with the most innovations and the most secure p2p currency, if you want an early alpha for GPU mining please visit our forum.

http://solidcointalk.org/topic/342-solidcoin-v20-gpu-miner/

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[BitcoinPorn]

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

That is awesome.   So will the other coins take this idea and improve, while still being able to remain fully decentralized, I wonder.

[CoinHunter]

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

That is awesome.   So will the other coins take this idea and improve, while still being able to remain fully decentralized, I wonder.

SolidCoin's network is fully decentralized. It would be too weak if it wasn't. Just because there is this concept of trusted nodes (which Bitcoin/Gavin said they want to move to eventually also) doesn't make it any less  secure or centralized.

However we do have 5% economic centralization (or a tax if you want to call it that), so that fact will not please everyone that is against any form of centralization. Economic centralization is a different thing than network centralization though. Worst case is the 5% centralization fund is abused or taken over by a malicious entity (government), it won't affect the network security that much at all. The 5% amount is also going to be lowered down to about 1% over time.

The Coin Protection/Promotion Fund is used to protect SolidCoin and it's users so *most* people shouldn't have a problem with it when they know it goes to help them, but I know some people will.

[BitcoinPorn]

This 5% sounds intriguing.  Helps security, yet not strong enough to take down the network if it is taken over itself.   I can't wait to read the source code.  And pretend like I know how to read source code lol

[Ahimoth]

Satoshi developed a hashing algorithm in Bitcoin which saw GPUs dominate it, forcing CPU users to the dustbin and making it a lot more difficult for everyone to mine Bitcoin. Out of this grew the GPU farms and the Bitcoin mining community.

Prior to SolidCoin v2.0 I released some info saying we were going to a CPU algorithm for SC2, knowing that the trolls would attempt to copy the idea. The end result, tenebrix, a CPU miner, now a dead chain. (I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

Like all the core SolidCoin people know, we are the current technical leader of cryptocurrencies, with the most innovations and the most secure p2p currency, if you want an early alpha for GPU mining please visit our forum.

http://solidcointalk.org/topic/342-solidcoin-v20-gpu-miner/

I submit the above as EXHIBIT A for why people hate this asshole so much.

Sorry, I don't get your point.
I see this as a plus for everyone. Now all those people with a GPU that were mining bitcoins previously can have a choice. And all those people who don't have a high end gpu, can still contribute and benefit from the SolidCoin system.

[CoinHunter]

This 5% sounds intriguing.  Helps security, yet not strong enough to take down the network if it is taken over itself.   I can't wait to read the source code.  And pretend like I know how to read source code lol

Yes after discussions with a lot of people we realized there needed to be a way to help kickstart the economy and provide incentives for businesses. Combined with prosecuting fraud and other such things as they appear. We didn't want to get into the situation where private companies are funding core SolidCoin developers ala the situation with Bitcoin. Instead SolidCoin users will fund them, providing less incentive for corruption and things of this nature.

[simonk83]

(I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

Just because you want something to die, doesn't make it true.

SC2 has been floating around the same price (and often under) as Litecoin since it's inception.  I certainly know which I prefer.

As for GPU mining, why am I not shocked.   I suppose you've been happily GPU mining away while the other couple of people mining SC2 suffer on with their CPU's

[coblee]

(I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

CoinHunter, I'm interested to see your hashing algorithm when your release your source, but please stop spreading FUD against Litecoin. How is Litecoin dying when the network hashrate has been increasing since launch? Just check http://litecoin.kicks-ass.org/graphs/graphs.html and http://allchains.info/ and see for yourself. If anything, SolidCoin's network hashrate has dropped from ~60Mhash/s to ~30Mhash/s and even then, I wouldn't go and claim that SolidCoin is dying. So please explain yourself or take your statement back.

It's hard for people to respect you when you keep on spreading FUD on all the other coins.

[k9quaint]

Satoshi developed a hashing algorithm in Bitcoin which saw GPUs dominate it, forcing CPU users to the dustbin and making it a lot more difficult for everyone to mine Bitcoin. Out of this grew the GPU farms and the Bitcoin mining community.

Prior to SolidCoin v2.0 I released some info saying we were going to a CPU algorithm for SC2, knowing that the trolls would attempt to copy the idea. The end result, tenebrix, a CPU miner, now a dead chain. (I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

In actuality the hashing algorithm I developed for SolidCoin v2.0 was designed to equalize CPU and GPU, to make them comparable watt for watt. Now SolidCoin would let anyone with a GPU (even NVIDIA ones) or CPU able to mine rather fairly.

Like all the core SolidCoin people know, we are the current technical leader of cryptocurrencies, with the most innovations and the most secure p2p currency, if you want an early alpha for GPU mining please visit our forum.

http://solidcointalk.org/topic/342-solidcoin-v20-gpu-miner/

Could you be more specific about which part of the "information" describing Solidcoin 2.0 was true and which was not?
So far, the only thing to support from Solidcoin is a binary with:
 no signatures
 no source code
 and now no white paper
 released by some guy on the internet
 for the time being, if you get 10 of them you can trade them for 1 Namecoin

[Bitcoin Oz]

@Coinhunter

Care to explain why Solidcoin 2 was rejected  by CryptoXchange. Am I wrong in understanding they had indepth knowledge of Solidcoin 2 as they tested it before release? and why they decided that Litecojn was better choice?

I would love to hear an intelligent answer on that from you and not your dummies.

I dont think they would be happy about you involving them in your campaign against solidcoin. Im sure he already knows why they dropped sc2 and that it was a private business decision.

Both sides of this vendetta aren't doing a thing to increase uptake of either bitcoin or solidcoin. In fact knowing BTCeX is one of the largest holders of bitcoin makes me want to avoid promoting it also.  

I dont like the bilderburg defence of sc2 either just quietly

[DeathAndTaxes]

LOLZ.  I guess you did fail @ math.

[DeathAndTaxes]

SolidCoin's network is fully decentralized. It would be too weak if it wasn't. Just because there is this concept of trusted nodes (which Bitcoin/Gavin said they want to move to eventually also) doesn't make it any less  secure or centralized.

No it isn't.  All 10 trusted nodes are controlled by you and you alone.  They sign 50% of the blocks.  So 50% of block chain is controlled by a single person.  How anyone with a straight face could call that decentralized if hard to comprehend.

However we do have 5% economic centralization (or a tax if you want to call it that), so that fact will not please everyone that is against any form of centralization. Economic centralization is a different thing than network centralization though. Worst case is the 5% centralization fund is abused or taken over by a malicious entity (government), it won't affect the network security that much at all. The 5% amount is also going to be lowered down to about 1% over time.

There is no such thing as a CPF.  It is your personal wallet.  The amount isn't 5%.  Looking at block explorer it is 10%.

Here let me explain your own block chain to you.  Ever even block

5% of odd block value is transferred from trusted node -> your personal wallet.
5% is minted out of thin air -> your personal wallet.

Roughly 3.2 SC every even block goes to you as payment to the glorious leader.  How anyone can call this decentralized is also hard to comprehend.


Fun fact kids.... you can esimtate how much Real Solid has siphoned from the SC economy so far.

(Real Solid Personal Wallet Balance) = ( 3.2 BTC per even block ) * (Current Block Count) / 2

As of today:
(Real Solid Personal Wallet Balance) = (3.2)*(35269) /2
(Real Solid Personal Wallet Balance) = 56430.4

Of course that doesn't include whatever he mined w/ a GPU for last two weeks while all you suckers tried to keep up with CPUs as difficulty exploded.

He pays himself 1.12 million SC a year by royal decree, but don't worry it is for your protection.

[panerai]

as a noob, that has no idea the diff between solidcoin, tbx or ltc, open source, closed source, premines, whatever. I go with my gut, and my gut tells me something about SC is just not right. Maybe I can't hear past the noise, or the noise I hear is a warning. I don't know. I'm sticking with TBX and LTC. If I miss the SC gravy-train, so be it.

I understand the bickering - everyone wants the be the 'first' to be the second to rule the next crytocurrency. This infighting for coins is normal and good for everyone. The market will make it's choice.

my two bits

carry on

[k9quaint]

Could you be more specific about which part of the "information" describing Solidcoin 2.0 was true and which was not?
So far, the only thing to support from Solidcoin is a binary with:
 no signatures
 no source code
 and now no white paper
 released by some guy on the internet
 for the time being, if you get 10 of them you can trade them for 1 Namecoin

nmc    0.027000    0.027500
sc      0.006500    0.006520

Looks to me that 10 SC will get you >3 NMCs right now if allchains.info is correct?....  maybe I math failed

4.15 SC per NM now, I was going off prices from sometime yesterday. That is some pretty impressive volatility!

Any answers about a revised white paper that is more than just a red herring?
Or source code for the current block chain?
Please provide citations for any answers.

[CoinHunter]

(I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix).

CoinHunter, I'm interested to see your hashing algorithm when your release your source, but please stop spreading FUD against Litecoin. How is Litecoin dying when the network hashrate has been increasing since launch? Just check http://litecoin.kicks-ass.org/graphs/graphs.html and http://allchains.info/ and see for yourself. If anything, SolidCoin's network hashrate has dropped from ~60Mhash/s to ~30Mhash/s and even then, I wouldn't go and claim that SolidCoin is dying. So please explain yourself or take your statement back.

It's hard for people to respect you when you keep on spreading FUD on all the other coins.

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170. So the number of people running your chain are shrinking, combined with it being based mostly on bitcoin technology and susceptible to attacks from individuals with limited investment is all reasons why I think litecoin will not succeed. I think LTC achieved one thing though, it killed off TBX which I think was a scam. So good work on that part.

To put it in comparison, SolidCoin peaked at 850 nodes on IRC and currently has 600. So yes we have also shrunk, but are currently 3.5 times larger than your chain and also have minipool features built into our client and thus have many non internet facing nodes (about double public visible, or around 1200-1300 in total).

I could be wrong about Litecoin only time well tell. Good luck anyhow.

[Syke]

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170.

Lol, you idiot. Ever hear of pools?

[coblee]

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170.

Lol, you idiot. Ever hear of pools?

Yeah, a lot of Litecoin miners started using pools almost right away. Litecoin already has 6 pools when it's only been around for a week. That's probably why you don't see an increase in the number of nodes. Unlike SolidCoin, people don't need to run the client to mine litecoins. (Let me know if I'm mistaken about that) And with 6 pools (looks like more than SolidCoin) supporting Litecoin in the first week, I'd say it's alive and kicking.

I'm sorry if I've upset you with my opinion. When litecoin launched I was looking at their nodes on irc to see how much uptake it got, it started off at 180 nodes. A week? later it's now 170. So the number of people running your chain are shrinking, combined with it being based mostly on bitcoin technology and susceptible to attacks from individuals with limited investment is all reasons why I think litecoin will not succeed. I think LTC achieved one thing though, it killed off TBX which I think was a scam. So good work on that part.

To put it in comparison, SolidCoin peaked at 850 nodes on IRC and currently has 600. So yes we have also shrunk, but are currently 3.5 times larger than your chain and also have minipool features built into our client and thus have many non internet facing nodes (about double public visible, or around 1200-1300 in total).

I could be wrong about Litecoin only time well tell. Good luck anyhow.

CoinHunter, no you did not upset me with your opinion. I just hope that in the future if you are going to make a bold claim like "Litecoin is dying", please support with some facts.

To be honest, I'm not as against SolidCoin as a lot of people here. You've put in a lot of work into SolidCoin. I might not agree with your decision to keep things closed source, to have the CPF, and to have trusted arbiter nodes to solve the 51% problem, but I give you credit for trying something different. If anything comes out of all these alt currencies, it's that we are trying stuff that Bitcoin cannot to see if there are ways to improve on Bitcoin. And I really can't be sure that a centralized closed source solution will absolutely not work. I mean, just look at Microsoft. Their closed source crappy OS owns >90% of the market. So who knows. Like you said, time will tell.

[dayfall]

I won't mention fairbrix/litecoin since they are both also dying and just copied tenebrix

Well, you did mention them.  And that must explain why I haven't been able to mine any Litecoin today.

[CoinHunter]

CoinHunter, no you did not upset me with your opinion. I just hope that in the future if you are going to make a bold claim like "Litecoin is dying", please support with some facts.

To be honest, I'm not as against SolidCoin as a lot of people here. You've put in a lot of work into SolidCoin. I might not agree with your decision to keep things closed source, to have the CPF, and to have trusted arbiter nodes to solve the 51% problem, but I give you credit for trying something different. If anything comes out of all these alt currencies, it's that we are trying stuff that Bitcoin cannot to see if there are ways to improve on Bitcoin. And I really can't be sure that a centralized closed source solution will absolutely not work. I mean, just look at Microsoft. Their closed source crappy OS owns >90% of the market. So who knows. Like you said, time will tell.

Yeah I'm aware you obviously have pools and people just running mining clients, however only having 170 users running your client software would be a concern for me if I was overseeing your project. People still need to run the client to send funds and do other tasks like that right?

Tenebrix had 280 before LTC came along and killed it, and you haven't reached those heights yet. But anyways, I'm not sure why you released a coin with so few changes over TBX especially when you've had time to do things. You are a programmer right?

[Lolcust]

Where could one see the sources of the GPU miner ?

[Bitcoin Oz]

Where could one see the sources of the GPU miner ?

The same place you can see the source for solidcoin itself ?

[Lolcust]

So, yet another closed-source curiosity.... hm....

[coblee]

CoinHunter, no you did not upset me with your opinion. I just hope that in the future if you are going to make a bold claim like "Litecoin is dying", please support with some facts.

To be honest, I'm not as against SolidCoin as a lot of people here. You've put in a lot of work into SolidCoin. I might not agree with your decision to keep things closed source, to have the CPF, and to have trusted arbiter nodes to solve the 51% problem, but I give you credit for trying something different. If anything comes out of all these alt currencies, it's that we are trying stuff that Bitcoin cannot to see if there are ways to improve on Bitcoin. And I really can't be sure that a centralized closed source solution will absolutely not work. I mean, just look at Microsoft. Their closed source crappy OS owns >90% of the market. So who knows. Like you said, time will tell.

Yeah I'm aware you obviously have pools and people just running mining clients, however only having 170 users running your client software would be a concern for me if I was overseeing your project. People still need to run the client to send funds and do other tasks like that right?

Tenebrix had 280 before LTC came along and killed it, and you haven't reached those heights yet. But anyways, I'm not sure why you released a coin with so few changes over TBX especially when you've had time to do things. You are a programmer right?

Yeah, it's only been a week. Obviously, Litecoin doesn't have many services yet. So there's less reason for people to keep the client running. I'm sure that number will grow. So right now, it doesn't concern me because the overall network hashrate has kept on growing steadily as you can see from this graph: http://litecoin.kicks-ass.org/graphs/graphs.html
When we launched, it quickly reach 2.5 Mhash/s and last I checked, it was at 6.8 Mhash/s. There's obviously a lot of room to grow, but it seems very healthy to me.

There's a good reason why Litecoin was released with just a few changes from Bitcoin. Unlike you, I actually believe in technology and economics behind Bitcoin. So I didn't want to change it too much and introduce issues like what Solidcoin 1.0 ran into. And I kept the Scrypt hashing algorithm because I didn't see a need to change it for the sake of changing it. Plus, being miner compatible with Tenebrix is a good thing for early adoption. If in the future there's a need to move away from Scrypt, I will consider it.

[coblee]

CoinHunter, in your posts, you've inferred implied that SolidCoin's hashing algorithm is better than Scrypt and that's why coins based on Scrypt will likely die off. Can you tell me in what ways your algorithm is better?

EDITED: because CoinHunter felt like he needed to attack my English.

[CoinHunter]

I haven't inferred coblee, that would be 'implied', only others can infer from my written words.

The algorithm is better because it brings equality to both CPU and GPU. Both are equally (close enough) efficient to mine SolidCoins, in essence we can take both GPU and CPU and neither loses the efficiency battle. If Bitcoin does collapse like many have predicted then some other p2p coin needs to take on the existing hardware infrastructure combined with making the "average joe" able to mine. That is where SolidCoin fits into the puzzle, offering the solution to all the existing mining problems and security issues of bitcoin.

It's fine that you believe in bitcoin technology, but I'm not really sure of the point of litecoin then, it's just an experiment to help Bitcoin? Doesn't really seem like something which will stick around a long time if that's the case. As an advanced and experienced programmmer I've looked at bitcoin technology and realized it needed a significant change if big business and average joe is to adopt a currency of this type. I raised these questions with some bitcoin developers initially prior to starting SolidCoin. Of course on a Bitcoin forum the people here will believe Bitcoin is good enough, so there isn't much I can say to those people who have that faith. It's my opinion it isn't good enough, with SolidCoin now secure from the threats that Bitcoin isn't we can go to businesses and finally sell them a solution they may now consider taking.

Any altchain that is tied to the Bitcoin technology is in essence saying "Bitcoin is the real thing, don't take any notice of me". I'm not really sure why we need Litecoin when Bitcoin already offers what it has for the most part. You can say you're offering CPU mining or faster transactions, which is fine, but when you're just as vulnerable to the same threats I can't really see the difference.

I also don't really understand why these new chains are starting up with non developers leading them. One of the biggest reasons SolidCoin has achieved the success it has is because I'm working for free on it when normally I would be paid $150+/hour. People with my experience rarely work for free on projects, I'm doing it simply because I want a solution to this global banking bullshit we've all had to put up with for the last 100 years. I like the enthusiasm people like yourself put into projects but without the skills and experience I can't really see them going anywhere.

[norulezapply]

As an advanced and experienced programmmer I've looked at bitcoin technology and realized it needed a significant change

One of the biggest reasons SolidCoin has achieved the success it has is because I'm working for free on it when normally I would be paid $150+/hour.

People with my experience rarely work for free on projects.

without the skills and experience I can't really see them going anywhere.

Four lines that sum up your pathetic, arrogant attitude which is why you are failing.

[BitcoinPorn]

Are all those user numbers for the coins accurate though?   Aren't 90% of those people BitcoinExpress 

[coblee]

I haven't inferred coblee, that would be 'implied', only others can infer from my written words.

Fine. English is not my first language. Are you really going to attack my English?

The algorithm is better because it brings equality to both CPU and GPU. Both are equally (close enough) efficient to mine SolidCoins, in essence we can take both GPU and CPU and neither loses the efficiency battle. If Bitcoin does collapse like many have predicted then some other p2p coin needs to take on the existing hardware infrastructure combined with making the "average joe" able to mine. That is where SolidCoin fits into the puzzle, offering the solution to all the existing mining problems and security issues of bitcoin.

Well, I don't believe Bitcoin will collapse. And Litecoin will do well alongside Bitcoin. SolidCoin being equally GPU-friendly doesn't really make it a better algorithm in my opinion.

It's fine that you believe in bitcoin technology, but I'm not really sure of the point of litecoin then, it's just an experiment to help Bitcoin? Doesn't really seem like something which will stick around a long time if that's the case. As an advanced and experienced programmmer I've looked at bitcoin technology and realized it needed a significant change if big business and average joe is to adopt a currency of this type. I raised these questions with some bitcoin developers initially prior to starting SolidCoin. Of course on a Bitcoin forum the people here will believe Bitcoin is good enough, so there isn't much I can say to those people who have that faith. It's my opinion it isn't good enough, with SolidCoin now secure from the threats that Bitcoin isn't we can go to businesses and finally sell them a solution they may now consider taking.

Any altchain that is tied to the Bitcoin technology is in essence saying "Bitcoin is the real thing, don't take any notice of me". I'm not really sure why we need Litecoin when Bitcoin already offers what it has for the most part. You can say you're offering CPU mining or faster transactions, which is fine, but when you're just as vulnerable to the same threats I can't really see the difference.

But you are just exchanging Bitcoin threats for new threats. I don't see how that's better. I guess time will tell.

I also don't really understand why these new chains are starting up with non developers leading them. One of the biggest reasons SolidCoin has achieved the success it has is because I'm working for free on it when normally I would be paid $150+/hour. People with my experience rarely work for free on projects, I'm doing it simply because I want a solution to this global banking bullshit we've all had to put up with for the last 100 years. I like the enthusiasm people like yourself put into projects but without the skills and experience I can't really see them going anywhere.

Hmm, let's see. $150+/hr means you earn >$312,000 a year. Damn, where can I find a job that pays me that much?! And please stop spreading FUD again when you don't know any better. I work for one of top 5 biggest tech companies as a software engineer for 10+ years making $180k a year. I don't know anyone that would call me a "non developer" or someone "without skills and experience." I'm also working on this for free, but you know you, on the other hand, are not working on this for free. If SolidCoin becomes big, you will make a lot of money since you pretty much have absolute control of SolidCoin. Even if you don't directly pilfer from the CPF, you can still make a lot of money taking advantage of your position.

You may be "an advanced and experience programmer", but you really fail big time at PR. Like I've said before, your arrogant attitude is going to be the downfall of your project.
One of the feature of Litecoin is that it has a lead developer that:
- is not arrogant and works with and listens to advice from the community.
- does not ban people on IRC/forum when they disagree with me. (don't believe me? come and chat at #litecoin. that's the only place we can chat since i'm banned on #solidcoin for asking too many hard questions about SC1.0)
- believes in open source where others can help me spot bugs since no one (including an advanced and experience programmer like yourself) writes bug-free code.

I believe there's something you can learn there.

[kano]

Ah the golden rule of programming - all code has bugs.
Yeah most people realise this ... though those who don't always fall hard.

That actually is most likely the reason why we will never see SC2.0 source since a gui programmer can have great difficulty with non-simple code and messing with the bitcoin code can be difficult for some - leaving a mess behind that is best hidden from the world rather than displaying their total lack of skill (like what happened when he screwed up and 'created' SC1.0)

[Ten98]

As an advanced and experienced programmmer I've looked at bitcoin technology and realized it needed a significant change

One of the biggest reasons SolidCoin has achieved the success it has is because I'm working for free on it when normally I would be paid $150+/hour.

People with my experience rarely work for free on projects.

without the skills and experience I can't really see them going anywhere.

Four lines that sum up your pathetic, arrogant attitude which is why you are failing.

Or looked at from another angle, four lines that sum up why SolidCoin is successful?

[johnj]

As an advanced and experienced programmmer I've looked at bitcoin technology and realized it needed a significant change

One of the biggest reasons SolidCoin has achieved the success it has is because I'm working for free on it when normally I would be paid $150+/hour.

People with my experience rarely work for free on projects.

without the skills and experience I can't really see them going anywhere.

Four lines that sum up your pathetic, arrogant attitude which is why you are failing.

Or looked at from another angle, four lines that sum up why SolidCoin is successful?

Yeah, one allegedly unemployed guy working 12+hr days w/o oversight on a project which siphons coins every block into his wallet. Exchanges are dropping it before it's launched. All the 'supporters' seem to have been paid 1m+ coins. The coin operates under the premise that '$$$ = Trust'. No source code.

That word 'success', I do not think it means what you think it means.

[makomk]

From the SolidCoin Talk thread:

(BTW there is a bug in v2.0 where CPU hash rates are shown about 3.5 less than they should be, the public beta was more correct)

So when the CPU mining figures were obviously fishy, there turned out to be a bug making them appear too high, and now that it looks like they're going to be beaten by GPUs on a supposedly CPU-mining-only chain it turns out that they're instead too low and the original figures are supposedly closer to accurate. Right.

Remind we why we should believe any claims made about this closed-source client again?

[johnj]

Ahh yes, CH in all his lieing glory:





How do you explain this, CH?

[Inedible]

Coinhunter - Can you answer these questions please?

Is what DeathAndTaxes true?

Does 5 to 10% go to your personal wallet or a wallet you have control of when it comes to spending those coin?

What is the total collected thus far for the CPF?

I only ask because I want to know if DeathAndTaxes is being critical for good reason or if he's waging war for another blockchain.

There is no such thing as a CPF.  It is your personal wallet.  The amount isn't 5%.  Looking at block explorer it is 10%.

Here let me explain your own block chain to you.  Ever even block

5% of odd block value is transferred from trusted node -> your personal wallet.
5% is minted out of thin air -> your personal wallet.

Roughly 3.2 SC every even block goes to you as payment to the glorious leader.  How anyone can call this decentralized is also hard to comprehend.


Fun fact kids.... you can esimtate how much Real Solid has siphoned from the SC economy so far.

(Real Solid Personal Wallet Balance) = ( 3.2 BTC per even block ) * (Current Block Count) / 2

As of today:
(Real Solid Personal Wallet Balance) = (3.2)*(35269) /2
(Real Solid Personal Wallet Balance) = 56430.4

[k9quaint]

Or looked at from another angle, four lines that sum up why SolidCoin is successful?

Yeah, one allegedly unemployed guy working 12+hr days w/o oversight on a project which siphons coins every block into his wallet. Exchanges are dropping it before it's launched. All the 'supporters' seem to have been paid 1m+ coins. The coin operates under the premise that '$$$ = Trust'. No source code.

That word 'success', I do not think it means what you think it means.

From the at least one perspective, mybitcoin.com was a stunning success.