Solidcoin Spending trusted Nodes

[maxcarjuzaa]

Source: http://www.solidtools.net/

[Vod]

Not possible.  We have his word those coins cannot be spent!

I wonder if the DDOS mitigation costs are taking their toll?

[tacotime]

It looks like he's moving the funds around from multiple addresses and randomly removing small amounts from them periodically...  So from sTcMHFiviET9ZSNBsMkNBwnfUsCMUX3Xo8 and sR24466tcHbW7yhsU5TpQst5H6Kw8vDNSj 66560 have been spent.  I guess maybe this is the so-called laundry service, and it only works for CoinHunter.

[RoloTonyBrownTown]

Convenient that, isn't it.

[k9quaint]

Not possible.  We have his word those coins cannot be spent!

Words. I prefer math. 

[Starlightbreaker]

so nobody posted this yet on their forums? 

[CoinHunter]

Before you "Jump to conclusions" (reminds me of Office Space joke) you should understand how the trust node system works.

http://www.solidtools.net/transaction.php?hash=c244272abd805aa0d1cd2498d6ec0b0be17d391706a1cb4584931fb7b88f74af

This is a recent trust transaction in a trust block. You can see there is one IN and one OUT. The "in" is the account with more than a million in it to prove it can sign blocks, the "out" is also the same account, but you can see that it has less SC in the out. This is because it loses 5% of a user block to sign the block. It's a part of the algorithm designed to eventually kill each trust account as they drop below the "1 million" barrier.

What "can't be spent" means is someone with a trust account, ie one of those 1.2 million amounts can't go to their client and "send it" on the network. They can lose 5% of a block by signing blocks but they can't try to send funds on the network to try to "cash out". Hope that clears up the "conspiracy". Every SolidCoin client ensures those trust accounts can't be sent on the network or put into the blockchain outside the special signing blocks, you can check this in transaction.cpp and block.cpp of the source code :-

http://downloads.solidcoin.info/solidcoin-source-2041.zip

[CoinHunter]

Back tracking again I see....

You've been say "Undependable" ad nauseum and now suddenly it's with conditions.... trying to dance around the fact they are spendable with some technical bullshit.

The conditions are, you can spend them anytime you like but no one else.


I appreciate the ammo, I will bury you with this.

~BCX~

It's not my fault SolidCoin is "over your head" when it comes to understanding it. It's obviously more complicated than Bitcoin and few people understand how Bitcoin works... but the source code is there, hire a C++ programmer if it bothers you that much to know the truth. Put your faith in the SolidCoin developers if you don't know C++, they are experienced C++ developers and also now some of the most experienced cryptocurrency developers going around.

[Starlightbreaker]

Before you "Jump to conclusions" (reminds me of Office Space joke) you should understand how the trust node system works.

http://www.solidtools.net/transaction.php?hash=c244272abd805aa0d1cd2498d6ec0b0be17d391706a1cb4584931fb7b88f74af

This is a recent trust transaction in a trust block. You can see there is one IN and one OUT. The "in" is the account with more than a million in it to prove it can sign blocks, the "out" is also the same account, but you can see that it has less SC in the out. This is because it loses 5% of a user block to sign the block. It's a part of the algorithm designed to eventually kill each trust account as they drop below the "1 million" barrier.

What "can't be spent" means is someone with a trust account, ie one of those 1.2 million amounts can't go to their client and "send it" on the network. They can lose 5% of a block by signing blocks but they can't try to send funds on the network to try to "cash out". Hope that clears up the "conspiracy". Every SolidCoin client ensures those trust accounts can't be sent on the network or put into the blockchain outside the special signing blocks, you can check this in transaction.cpp and block.cpp of the source code :-

http://downloads.solidcoin.info/solidcoin-source-2041.zip

so is it spendable by YOU or not?

stop flipflopping around.

Back tracking again I see....

You've been say "Undependable" ad nauseum and now suddenly it's with conditions.... trying to dance around the fact they are spendable with some technical bullshit.

The conditions are, you can spend them anytime you like but no one else.


I appreciate the ammo, I will bury you with this.

~BCX~

It's not my fault SolidCoin is "over your head" when it comes to understanding it. It's obviously more complicated than Bitcoin and few people understand how Bitcoin works... but the source code is there, hire a C++ programmer if it bothers you that much to know the truth. Put your faith in the SolidCoin developers if you don't know C++, they are experienced C++ developers and also now some of the most experienced cryptocurrency developers going around.

faith?

faith is ignorance.
especially when you know they like to modify things around suddenly.

[Vod]

It's not my fault SolidCoin is "over your head" when it comes to understanding it. It's obviously more complicated than Bitcoin and few people understand how Bitcoin works... but the source code is there, hire a C++ programmer if it bothers you that much to know the truth. Put your faith in the SolidCoin developers if you don't know C++, they are experienced C++ developers and also now some of the most experienced cryptocurrency developers going around.

Hey Mr. Businessman - use my currency but don't ask me how it works, cause you are way too stupid.  Love it!

[CoinHunter]

so is it spendable by YOU or not?

stop flipflopping around.

The only flipflop here is the power in your head to understand a simple thing.

Trust accounts are used to sign trust blocks. To sign a trust block they need to lose 5% of the value of the last block, this ensures they will eventually die instead of being around forever to sign blocks. That is the only transaction they can be used in. Check the source code.

faith is ignorance.
especially when you know they like to modify things around suddenly.

Yes faith is ignorance, not everyone can understand how SolidCoin works. Not everyone can understand how Bitcoin works and SC is even more involved than that. If you can't understand it you must rely on experts, have faith, yes.

I'm sure you don't know how a CPU works at the gate level but you are using one to chat to me now. You have faith in Intel/AMD/ARM/whatever.

[RoloTonyBrownTown]

Back tracking again I see....

You've been say "Undependable" ad nauseum and now suddenly it's with conditions.... trying to dance around the fact they are spendable with some technical bullshit.

The conditions are, you can spend them anytime you like but no one else.


I appreciate the ammo, I will bury you with this.

~BCX~

It's not my fault SolidCoin is "over your head" when it comes to understanding it. It's obviously more complicated than Bitcoin and few people understand how Bitcoin works... but the source code is there, hire a C++ programmer if it bothers you that much to know the truth. Put your faith in the SolidCoin developers if you don't know C++, they are experienced C++ developers and also now some of the most experienced cryptocurrency developers going around.

Haha!  That's the best post you've ever made

Haha, oh man, my sides actually hurt

[CoinHunter]

Hey Mr. Businessman - use my currency but don't ask me how it works, cause you are way too stupid.  Love it!

Bitcoinexpress isn't a businessman and he is also trolling. Obviously SolidCoin is over his head and he continues to try to pass off his misunderstandings as fact. Anyone that truthfully wants to learn more can PM me, like people have been and they find out more. We also have a great website, forum, and IRC channel where people can begin to educate themselves if they want.

It's foolish to believe everyone in the world can understand how SolidCoin works at every level. Any programmer who has read SolidCoin source can look at most comments in a thread like this and they would literally be cringing. The only people embarrassing themselves here are the ones who pretend to know what they are talking about when they aren't programmers and don't understand how SolidCoin works. Don't pretend to know and you won't be criticized for spreading FUD.

[Starlightbreaker]

so is it spendable by YOU or not?

stop flipflopping around.

The only flipflop here is the power in your head to understand a simple thing.

Trust accounts are used to sign trust blocks. To sign a trust block they need to lose 5% of the value of the last block, this ensures they will eventually die instead of being around forever to sign blocks. That is the only transaction they can be used in. Check the source code.

faith is ignorance.
especially when you know they like to modify things around suddenly.

Yes faith is ignorance, not everyone can understand how SolidCoin works. Not everyone can understand how Bitcoin works and SC is even more involved than that. If you can't understand it you must rely on experts, have faith, yes.

I'm sure you don't know how a CPU works at the gate level but you are using one to chat to me now. You have faith in Intel/AMD/ARM/whatever.

no i don't have faith whatsoever.

i have reasonable expectations and evidence of bitcoin. do i have faith on it? nope. do i give a fuck if it fails? nope.
...okay, fine, maybe a little bit.

i have reasonable expectations and evidence of understanding how the cpu works, not in gate level, but not blind faith, like you expected your followers to do.

remember when you said that the nodes won't be spendable?
why should people have faith in you when you change things around whatever you wish? because they're stupid and don't know better?

[CoinHunter]

i have reasonable expectations and evidence of bitcoin. do i have faith on it? nope. do i give a fuck if it fails? nope.
...okay, fine, maybe a little bit.

i have reasonable expectations and evidence of understanding how the cpu works, not in gate level, but not blind faith, like you expected your followers to do.

remember when you said that the nodes won't be spendable?
why should people have faith in you when you change things around whatever you wish? because they're stupid and don't know better?

The source code for SolidCoin is available. You don't need faith, just an education. If you have any more questions pm me.

[Starlightbreaker]

i have reasonable expectations and evidence of bitcoin. do i have faith on it? nope. do i give a fuck if it fails? nope.
...okay, fine, maybe a little bit.

i have reasonable expectations and evidence of understanding how the cpu works, not in gate level, but not blind faith, like you expected your followers to do.

remember when you said that the nodes won't be spendable?
why should people have faith in you when you change things around whatever you wish? because they're stupid and don't know better?

The source code for SolidCoin is available. You don't need faith, just an education. If you have any more questions pm me.

then why did you say it's unspendable?

[CoinHunter]

i have reasonable expectations and evidence of bitcoin. do i have faith on it? nope. do i give a fuck if it fails? nope.
...okay, fine, maybe a little bit.

i have reasonable expectations and evidence of understanding how the cpu works, not in gate level, but not blind faith, like you expected your followers to do.

remember when you said that the nodes won't be spendable?
why should people have faith in you when you change things around whatever you wish? because they're stupid and don't know better?

The source code for SolidCoin is available. You don't need faith, just an education. If you have any more questions pm me.

then why did you say it's unspendable?

Because they are unspendable, within the context of what "Spending" is. Signing a trust block and losing 5% value isn't "Spending" , it's a special transaction for trust nodes to ensure they eventually die.

[k9quaint]

i have reasonable expectations and evidence of bitcoin. do i have faith on it? nope. do i give a fuck if it fails? nope.
...okay, fine, maybe a little bit.

i have reasonable expectations and evidence of understanding how the cpu works, not in gate level, but not blind faith, like you expected your followers to do.

remember when you said that the nodes won't be spendable?
why should people have faith in you when you change things around whatever you wish? because they're stupid and don't know better?

The source code for SolidCoin is available. You don't need faith, just an education. If you have any more questions pm me.

then why did you say it's unspendable?

Because they are unspendable, within the context of what "Spending" is. Signing a trust block and losing 5% value isn't "Spending" , it's a special transaction for trust nodes to ensure I profit from others gullibility.

Spending? You meant spending not spending. Spending is when you spend, not spend like spending spenders spend. That spending isn't the sort of spending you meant when you said un-spendable. Right?

[Starlightbreaker]

i have reasonable expectations and evidence of bitcoin. do i have faith on it? nope. do i give a fuck if it fails? nope.
...okay, fine, maybe a little bit.

i have reasonable expectations and evidence of understanding how the cpu works, not in gate level, but not blind faith, like you expected your followers to do.

remember when you said that the nodes won't be spendable?
why should people have faith in you when you change things around whatever you wish? because they're stupid and don't know better?

The source code for SolidCoin is available. You don't need faith, just an education. If you have any more questions pm me.

then why did you say it's unspendable?

Because they are unspendable, within the context of what "Spending" is. Signing a trust block and losing 5% value isn't "Spending" , it's a special transaction for trust nodes to ensure they eventually die.

the fuck?

so where did that 5% go?

your wallet? exchange? blackhole?

[CoinHunter]

the fuck?

so where did that 5% go?

your wallet? exchange? blackhole?

Essentially no where, but you can look at it like a "fee" that goes to the generate (ie CPF).