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Author Topic: So I guess "Glorious Leader's" deflationary gamble didn't work.  (Read 902 times)
DeathAndTaxes
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Gerald Davis


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October 31, 2011, 10:34:39 PM
 #1

Cost to mine SC just went up 600% but the price didn't go up 600%.  Oops.  Guess that is why despite GPU mining, SC hashrate is down 40% from the peak.  If you compare the relative hashrates on equivalent hardware LTC now is way past SC in terms of mining support.  

Anyone want to start a betting pool on when SC 3.0 launches?  Maybe it will be the first "crypto-currency" (using the term loosely) with built in draconian DRM and hardware lockout.
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PatrickHarnett
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November 01, 2011, 01:54:02 AM
 #2

Sorry I missed this thread and posted a related question in a similar one.  However, the http://en.wikipedia.org/wiki/Zimbabwean_dollar link is too good to waste and 10^25 sets a standard that makes the SC reval pretty small.  Watching with interest how SC develops.
panerai
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November 01, 2011, 02:10:14 AM
 #3

there's a guy on BTC-E trying to push 7600 SC for 150 LTC lol, he's desperate to unload
HolodeckJizzmopper
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November 01, 2011, 07:35:01 PM
 #4

FWIW, LC just surpassed SC in value on BTC-E.
ElectricMucus
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Drama Junkie


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November 01, 2011, 07:37:56 PM
 #5

FWIW, LC just surpassed SC in value on BTC-E.
Thank god.

I was thinking about selling my poop. Based on the fact that is _my_ poop is is very, very rare (!)

First they ignore you, then they laugh at you, then they keep laughing, then they start choking on their laughter, and then they go and catch their breath. Then they start laughing even more.
grndzero
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November 01, 2011, 07:43:04 PM
 #6

Seems to me that Solidcoin has not only managed to create the first digital fiat currency, they've also managed to create the first digital central reserve and managed to screw it up with failed monetary policy.

This is turning into an awesome "What not to do" for someone looking for an economics thesis.

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