What effect will changing the block size from 32 to 5 have on SC?

[tacotime]

The effect should be pretty obvious.

1. Miners will hit it hard before the block size change, trying to hoard the coins as much as possible.
2. The price will rise, but only temporarily.
3. Miners, now getting more than 6 times less the amount of SC per watt, will stop mining.
4. The difficulty will fall because no one is stupid enough to mine more for less, and the price with it.
5. People will continue mining at the lower difficulty, effectively causing stabilizing the price exactly where it was before, if not lower due to lack of confidence or interest.

This is the same thing as if he [Coinhunter/realsolid] were to generate tons of coin just for himself (which he already is), as it increases the real value CH has (compared to USD/BTC) while decreasing the real value miners may obtain.  It will effectively cause a difficulty and price crash.

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[tysat]

To answer the question posed in the thread title:

It will make SC2 look even more retarded than it already does.

[PatrickHarnett]

I noticed the new version 10 (assuming it hasn't been updated) was due to kick in at block 50000 with the new rewards.  I saw a comment that the cost of production will rise to 20-30 cents per coin.  Is this right?  The exchange price is still around 0.2-0.3 cents.

(watching for the economics of revaluation - for example, http://en.wikipedia.org/wiki/Zimbabwean_dollar is a fun read)

[DeathAndTaxes]

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:

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".

[DeathAndTaxes]

Why is stating the obvious a shame?  Oh it means you are having trouble conning people into your Fiat/Scam/Tax/PoliceCoin?  Sorry.  Kinda sucks when you add GPU mining and hashing power falls 60%.  Then again with block rewards now an amazing $0.17 per bock I can't really blame anyone for abandoning ship.

Hey you might know this.  Since half of the "Glorious leader tax" is a 1.6SC out of thin air is that static?  If so would that make the "Glorious leader" tax.

Peasant block - ~7.5SC.
King block - 1.6SC + (5%)7.5 = 1.975 SC.

So the entire economy shares 7.5SC and the Glorious leader picks up another 1.975SC.  The 10% tax is now more like a 26% tax?

[tysat]

To answer the question posed in the thread title:

It will make SC2 look even more retarded than it already does.

Dang shame you are a mod...

It's my opinion as a user, closed source currency with glorious leader in complete control..... bad idea in my opinion.

[DeathAndTaxes]

Why is stating the obvious a shame?  Oh it means you are having trouble conning people into your Fiat/Scam/Tax/PoliceCoin?  Sorry.  Kinda sucks when you add GPU mining and hashing power falls 60%.  Then again with block rewards now an amazing $0.17 per bock I can't really blame anyone for abandoning ship.

Hey you might know this.  Since half of the "Glorious leader tax" is a 1.6SC out of thin air is that static?  If so would that make the "Glorious leader" tax.

Peasant block - ~7.5SC.
King block - 1.6SC + (5%)7.5 = 1.975 SC.

So the entire economy shares 7.5SC and the Glorious leader picks up another 1.975SC.  The 10% tax is now more like a 26% tax?

Well considering your obvious ignorance and unwillingness to do anything other than lie, here I'll help you with your homework:

Here is an arbiter block:
http://blockexplorer.ahimoth.com/Home/BlockDetails?blockHash=000055af87f29ab40ad5205e9b25e0f58a6bd89253ccff5a6d5009e4420a2131

Here is a "regular" block:
http://blockexplorer.ahimoth.com/Home/BlockDetails?blockHash=00000000ed472d56fa2c5def695ca439fadc6e67e4386e203811018e8aa29e57

Do the math yourself you lazy git.  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.

I don't know how it can be considered a lie.  I asked a question.  Still thanks for clarifying that the Glorious leader "only" gets 0.9624 SC from the King block while the miners get (combined) 6.4148 SC  from the peasant block.   So you are right it is "only" a 15% mining tax now.  Pretty funny that the only thing going up is the rate of taxation!    I mean ScamCoin has only been around a month and taxes have already increased 50%.

"It's good to be King" - King Louis XVI

[Bobnova]

Look at the bright side, RS hasn't been banned either.

[Bobnova]

You should bitch at CH for his wildly inaccurate statements as well, he's got some really good ones plastered all over the solidcoin webpage.

[johnj]

Viper, you can't berate anyone for guessing wrong when it comes to what the hell is going on inside of SC.

RS provides so little info that seemingly changes on a whim, it's impossible to keep up.

[demkd]

no miners - price falling down.
It's all folks, SC is dead, killed by its creator. 

[Spacy]

no miners - price falling down.
It's all folks, SC is dead, killed by its creator. 

We will quote you again in some days/weeks... 

[DeathAndTaxes]

Viper, you can't berate anyone for guessing wrong when it comes to what the hell is going on inside of SC.

RS provides so little info that seemingly changes on a whim, it's impossible to keep up.

If this was a one time deal you would be correct.  But it's not.  D&T has done this kind of stuff regularly.... albeit in all honesty I think he is just echo'ing other's lies.... incidentally the CPF was always stated to be a % of the generate, never a fixed 1.6 .... lower generates means lower CPF payment, of course he chose to play ignorant on that fact when it seemed convenient to his trolling.

Seems you were ignorant of the facts yourself a couple weeks ago... 1) You were sure it was a 5% tax.  You then used the word "constant" to describe the even block extortion.  RealSolid uses the same wording to describe the second half of the 1.6 SC so it isn't insane when two supporters use of SC use words like CONSTANT that one might be confused about the variability of the king's ransom.

There is no open protocol for ScamCoin.  Generally this kind of confusion is the results of a closed piece of shit protocol not some conspiracy against your glorious leader.  Ask me anything about Bitcoin.  Either I know it, I can find it, or I can get the answer from the SOURCE CODE.  You know that whole concept of open source, peer to peer, decentralized currency.

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).

You also have been wrong in the past.  You were 100% convinced that it was a 5% tax and my claims of 10% tax were lies.  Turns out it IS a 10% tax and your "knowledge" was incomplete.  Why?  Oh yeah because there is no open protocol.   

Of course I never felt the need to call you a liar.  I just pointed out your claim was wrong (likely because ScamCoin is an overly complicated piece of shit intentionally designed to obfuscate how much goes into the Glorious Leader's pocket).

Still the funny thing is that now you seem to think RealSolid raping the ScamCoin economy for 10% of all coins is somehow a good thing.  It is good because he isn't raping it for 15% or 26%.   Come on it is only 10% of all coins generated so far pus 12M premined.

[DeathAndTaxes]

ScamCoin is dead.  It serves no purpose except to enrich a single person.  It was doomed to failure.

It IS a 10% tax.  10% wealth transfer via confiscation or inflation is still a transfer of wealth.  It is unavoidable and issued by decree.  It siphons off 10% of the all coins generated to a single person the mechanism isn't important.  Honestly it could have just been 10% from the trusted nodes.  The use of two methods is simply obfuscation.  

Worse the drop in generation rate now means there will be no trust nodes except the ones owned by the Glorious leader for ... YEARS; not a month, or maybe a year but multiple years.  

No chain will survive a single person having complete control to make changes at will for 3-4 years.  It isn't trust in the protocol or trust in numbers or even the dubious trust in wealth (since none of the 12M coins were earned) it is simply blind trust in a single person. There is no alternative clients (unless allowed by the Glorious leader).  There is no changing back the generation rate.  There is no removing the tax.  There is no modifying the protocol.  The trust node is the ultimate veto, the ultimate centralization.

Everything in that sandbox is controlled completely by a single person and there is no way around it.  It is 100% protocol control which is far worse than a 10% tax.

[Bobnova]

ScamCoin is dead.  It servers no purpose except to enrich a single person.  It is doomed to failure.

It is a 10% tax.  10% wealth transfer via confiscation or inflation is still a transfer of wealth.  It siphons off 10% of the all coins generated to a single person.  The drop in generation rate now means there will be no trust nodes except the ones owned by the Glorious leader for ... YEARS (not months, or maybe a YEAR but YEARS).  Probably 3-4 years. 

No chain will survive a single person having complete control to make changes to the network for 3-4 years.  With a single person controlling the trust nodes there is no Democracy.  There is no alternative clients (unless allowed by the Glorious leader).  There is no changing back the generation rate.  There is no removing the tax.

Everything in that sanbox is controlled completely by a single person and there is no way around it.  It is 100% protocol control which is far worse than a 10% tax.

Just a few days ago in IRC his own people were asking when he was going to release B10, he stated as soon as I get 5000 SC in donation and posted his address. He followed it up, that "I am sick and tired of working 12 hour days for you people for free"...

He wasn't joking.

So I am not surprised at all by this.

Logs or it's assumed to be more BEX fabrication.

[johnj]

Logs or it's assumed to be more BEX fabrication.

I didn't see that one, but here is him begging from a few days ago

[cereal7802]

Just a few days ago in IRC his own people were asking when he was going to release B10, he stated as soon as I get 5000 SC in donation and posted his address. He followed it up, that "I am sick and tired of working 12 hour days for you people for free"...

He wasn't joking.

So I am not surprised at all by this.

Logs or it's assumed to be more BEX fabrication.

[07:59] <+TimothyA> b10 is already out?
[07:59] <@RealSolid> not out yet until i get 5000 in donations
[07:59] <+TimothyA> we've already given you 1000
[07:59] <@RealSolid> when
[07:59] <+TimothyA> :|
[07:59] <@RealSolid> let me check
[07:59] <+TimothyA> 500 from moonboon, and 500 returned from the bounty
[08:00] <@RealSolid> 500 yeah
[08:00] <@RealSolid> i didnt get the 500 from bounty though
[08:00] <@RealSolid> thats the CPF
[08:01] <+TimothyA> -_-
[08:01] <@RealSolid> you should have taken that, then send it to me
[08:01] <+TimothyA> well, we returned it to *you*
[08:01] <@RealSolid> bah
[08:01] <@RealSolid> doesnt count
[08:02] <+TimothyA> bleh
[08:02] <@RealSolid> but that 500 from moonboon yeah thanks, grateful
[08:02] <@RealSolid>
[08:02] <@RealSolid> i just added a conf for you though, so its time to pay up again
[08:02] <@RealSolid> ADD_SETTING("mining_servertimewindow","8");
[08:03] <+TimothyA>
[08:03] <+TimothyA> I'm currently busy coding a website
[08:03] <@RealSolid> is it a donations page for me
[08:03] <+TimothyA> no
[08:03] <@RealSolid> not relevant then

[DeathAndTaxes]

[08:03] <+TimothyA> I'm currently busy coding a website
[08:03] <@RealSolid> is it a donations page for me
[08:03] <+TimothyA> no
[08:03] <@RealSolid> not relevant then

Funniest thing I saw today.

I thought* RealSolid is this super $300K+ a year demi-god programmer.  Why is he freaking out about 500 SC (worth about $12)?








* No I didn't.

[Bobnova]

RS is amazing, truly.

[PatrickHarnett]

I don't know how it can be considered a lie.  I asked a question.  Still thanks for clarifying that the Glorious leader "only" gets 0.9624 SC from the King block while the miners get (combined) 6.4148 SC  from the peasant block.   So you are right it is "only" a 15% mining tax now.  Pretty funny that the only thing going up is the rate of taxation!    I mean ScamCoin has only been around a month and taxes have already increased 50%.

"It's good to be King" - King Louis XVI

And it's 0.6416 total ... or do I need to teach you how to read that as well.  Or is that your new defense?  Continue spreading filth you hear from other people but you really didn't know you just assumed they were right and you didn't fact check?

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.