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Author Topic: What effect will changing the block size from 32 to 5 have on SC?  (Read 7398 times)
eleuthria
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November 01, 2011, 09:09:22 PM
 #21

Asking a nice "bunny" question, where is the repository of all of this information in a clearly set out spot?  Is there a nice FAQ saying what the framework is; like the taxes, revals, even vs odd blocks, different versions or even information about the "issuer" of SC?  It might then have the 0.6416 number and the % of an individual's effort going as a "tax" (I would prefer the word impost)

Most organisations have this kind of thing if they want people to adopt their product/idea.

If people could go to one central place and clearly see how much of a scam this FORK is, they'd likely never download the client other than to make sure it wasn't a joke.

R.I.P. BTC Guild, 2011 - 2015.
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simonk83
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November 01, 2011, 11:59:16 PM
 #22

Well one thing is it will ensure that nobody has a trusted node except the "Glorious Leader"

When Real Solid was asked if the amount for trusted node should be lowered to 100K and that the community should determine when they want other trusted nodes here is his answer:

Quote
Well we have a few years of the trust accounts able to protect us, so there should be no rush to get the first real millionaire into existence. We need to build a "Solid" base for our economy, the recent changes at block 50000 have started that, and now it's up to us to start the services for the economy. 

No need to rush people.  This temporary measure will only last for a few years (of complete control by single person).


I think that is about the 7th bait & switch
1) no premine - oops a premine
2) open source - oops not open source
3) peer to peer - oops it is peer - central control - peer
4) GPU hostile - oops does very well on GPU basically means CPU mining is dead for anyone paying electrical costs (botnets excluded)
5) open transaction - oops Glorious leader collects  10% tax on all blocks.
6) 32 SC per block - opps only 5 SC per block (after glorious leader GPU mines his stash)
7) anyone can be trusted nodes - oops now it is likely impossible that anyone except Glorious leader will have a trusted node for "years".




Spot on. That's the best summary I've seen yet Cheesy  Should be stickied Wink
steelhouse
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November 02, 2011, 12:49:22 AM
 #23

I predict the price should rise.  You only need 1/6th the number of buyers to maintain the price.  It was 0.006 per BTC  before the change and dropping.  With some miners still mining it to promote it.  I think realsolid should offer a bounty for businesses to switch to solidcoin.
DeathAndTaxes
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November 02, 2011, 12:53:09 AM
 #24

I predict the price should rise.  You only need 1/6th the number of buyers to maintain the price.  It was 0.006 per BTC  before the change.

While it may rise if it rise 600% but you cut the reward to 1/6th then it doesn't really matter.  At best it would only rise 600% however that kind of rampant corruption does decrease market confidence thus while you reduce the number of units being sold by a factor of 6 you are also destroying  buying demand too.  As a result it hasn't risen enough to compensate for the huge cut in coins. 

Today an entire block reward is now worth ...  $0.12.  
demkd
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November 02, 2011, 01:31:23 AM
 #25

I predict the price should rise.  You only need 1/6th the number of buyers to maintain the price.  It was 0.006 per BTC  before the change and dropping. 
It was 0.0097/0.0085
and early (before 2.01 b9) 0.015/0.011
Now after "economical shit" 0.0085/0.008 and slowly dropping despite regular and totally unsuccessful attempts pump price by large btc infusion.
Hash power of sc network go down and sc go down.
Hey CH! It's time to drop your coins before it's too late. Grin
k9quaint
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November 02, 2011, 03:43:21 AM
 #26

To answer the title of the thread: changing the block size will have no effect at all.
After all 5/32nds of nothing is also nothing.

I do take some consolation in the fact that this scam will probably not be attributed to Bitcoin by media outlets.

Bitcoin is backed by the full faith and credit of YouTube comments.
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November 02, 2011, 06:24:58 AM
 #27

Today an entire block reward is now worth ...  $0.12.  

Maybe you will have to open a business or have to buy them.  Deflation is key.  Maybe Mr. Bernank and congress can learn a lesson too.  We can shut down the Federal Reserves and they can be retained to mow Mexicans lawns for a change.
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November 02, 2011, 12:53:37 PM
 #28

Today an entire block reward is now worth ...  $0.12.  

Maybe you will have to open a business or have to buy them.  Deflation is key.  Maybe Mr. Bernank and congress can learn a lesson too.  We can shut down the Federal Reserves and they can be retained to mow Mexicans lawns for a change.

How does that kool-aid taste.  There is no possible fact that you somehow won't see as a net positive for ScamCoin.  Luckily the number of faithful is dwindling.  Hashing power is down 65% from peak now. 

No business of any apreciable volume is going to accept ScamCoins.  Why shutdown the Federal Reserve?  You must like the Federal Reserve, given you are supporting the only "crypto-currency" (loosely used) that not only has a Central Bank but also a failed monetary policy.   Wink
MSAvenger
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November 02, 2011, 05:59:51 PM
 #29

A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!
With next estimated difficulty of 0.60376 a machine with 5 kH/s mines 8.163LTC/0.239 $ per 24h. Wow, that makes a difference! Wink
johnj
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November 02, 2011, 06:10:06 PM
 #30

A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!
With next estimated difficulty of 0.60376 a machine with 5 kH/s mines 8.163LTC/0.239 $ per 24h. Wow, that makes a difference! Wink

You make a great point.  If someone wants to CPU mine, they can make more profit and not deal with the hassle of DictatorRealSolid, simply by mining LTC.

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MSAvenger
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November 02, 2011, 06:34:46 PM
 #31

My point was both CPU-based cryptocurencies are not profitable to mine as long as you are not a botnet owner or admin robbing your employer. "Communist" Litecoin isn't that much better than "fascist" Solidcoin Wink I didn't mention Tenebrix because it would be too easy.
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November 02, 2011, 06:38:14 PM
 #32

The crucial near-doubling of payout per (real...)hash makes LTC profitable for me, where SC2 is not.

BTC:  1AURXf66t7pw65NwRiKukwPq1hLSiYLqbP
FlipPro
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November 03, 2011, 07:12:10 AM
 #33

A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!
With next estimated difficulty of 0.60376 a machine with 5 kH/s mines 8.163LTC/0.239 $ per 24h. Wow, that makes a difference! Wink


If you think that bothers me it doesn't. I have zero LTC and more than likely never will.
Of course you are a die hard BTC supporter right? Exactly when have you contributed to anything? All you seem to do is leech, mine, hack, pump, dump, and then do it all over again. These are things that come out of your own mouth.

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November 03, 2011, 08:14:01 AM
 #34

The price drop doesn't effect me at all since the more than 100K BTC I have still show a 10X gain over this point last year.

Must hurt to see the millions fade away, very noble to stay optimistic and positive about it  Wink

I really do not care about any of the alt coins, that's why I crash them at will and experiment on them just because I can.

Seems your "crash at will" doesn't work on SC2, or do you like it so much that you don't want it to crash yet?  Huh
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November 03, 2011, 08:57:05 AM
 #35

If I wanted to Spacy, I could but the entire SC block chain for 20,000 BTC....

But that would actually mean supporting SC and not crashing it Smiley
bitlane
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November 03, 2011, 09:42:06 AM
 #36

Second it is a shame because staff members should not be participating in questionable at best petty vendetta wars on the forum, they should be removing straight up validated lies such as what you just posted and much of the garbage that you and some others out here spew, caught 2 of you idiots out here in flat out lies, and 1 even provided her own proof that she was lying.

This is after all, Bitcointalk.org isn't it ?

Considering the circumstances and the 'other forums' out there and how dissension is handled by The Leader, would you rather:

a) Have the Bitcointalk Mods 'get in' on a little alternate crypto-currency banter ?
or..
b) Simply kick-ban who they deemed a threat to <insert RealSolid's excuses here>..... ?

I still don't understand how a crypto-currency that was created to serve the interests of a single person.....and continue to with almost the blessing of it's users while they support it, could have so many loyal followers considering the blatant greed on the part of The Leader and the transparency under which it all takes place.

Some of you guys actually think that CH/RS is doing you all a favor or something.

.....completely messed up.

makomk
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November 03, 2011, 11:37:53 AM
 #37

If I wanted to Spacy, I could but the entire SC block chain for 20,000 BTC....
You'd be overpaying for it by quite a bit, of course Grin

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November 03, 2011, 12:21:47 PM
 #38

Solidcoin generation rate time in seconds = Difficulty * 2^17 / hashrate

Currently SC Difficulty is 25010

A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!

Well, you said you were mining by the end of 2009... How much was it worth 50Bitcoins then? $0.001? And how many blocks would you mine in 18hrs with 50KH/s back then?
10000BTC pizza, anyone?

That statement of yours shows what you really are: A GREEDY MOTHERFUCKER!
You already told us that you only mine Bitcoin for the money, so it must've been hard for you when your mining operation was runnning at a loss back then, hein?

Starlightbreaker
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November 03, 2011, 03:31:15 PM
 #39

That statement of yours shows what you really are: A GREEDY MOTHERFUCKER!
You already told us that you only mine Bitcoin for the money, so it must've been hard for you when your mining operation was runnning at a loss back then, hein?
lol, umad?

what's wrong with being motivated with profit?


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November 03, 2011, 04:20:01 PM
 #40

That statement of yours shows what you really are: A GREEDY MOTHERFUCKER!
You already told us that you only mine Bitcoin for the money, so it must've been hard for you when your mining operation was runnning at a loss back then, hein?
lol, umad?

what's wrong with being motivated with profit?

There is nothing wrong about people having profit as a motive. You would probably agree however, in the majority of cases, that this leads them into malign attitudes. Everybody always starts with the best intentions.

This same benign initial motivation, having turned malign and metastasized, is right now destroying whole countries and nations of old. Just look around you.

But to keep things fair, the greed of BTCEX is the least of the world's problems right now  Wink

Fiat no more.
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