Solidcoin Prices Drop to New Lows as Investors Bail Out

[GTRsdk]

Interesting.

I think SolidCoin price will go up some more.

Since the block reward is currently only the transaction fee and any fees that come along with some extra, there isn't much inflation.

I think it will just make it more fun to sell things for SolidCoins.

But it will be very interesting to see what happens with SolidCoin v3. Going to be more user friendly, so maybe more buyers will be out there.

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[Cosbycoin]

Interesting.

I think SolidCoin price will go up some more.

Since the block reward is currently only the transaction fee and any fees that come along with some extra, there isn't much inflation.

I think it will just make it more fun to sell things for SolidCoins.

But it will be very interesting to see what happens with SolidCoin v3. Going to be more user friendly, so maybe more buyers will be out there.

Sell all your possessions and buy SolidCoins if you believe the BS you just spouted.

[GTRsdk]

Interesting.

I think SolidCoin price will go up some more.

Since the block reward is currently only the transaction fee and any fees that come along with some extra, there isn't much inflation.

I think it will just make it more fun to sell things for SolidCoins.

But it will be very interesting to see what happens with SolidCoin v3. Going to be more user friendly, so maybe more buyers will be out there.

Sell all your possessions and buy SolidCoins if you believe the BS you just spouted.

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

[DeathAndTaxes]

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

Well the people who pre-mined 12M coins and the ones who mined in the first million coins at 1/10,000th the work per coin will thank you for the transfer of wealth.

[Cosbycoin]

Interesting.

I think SolidCoin price will go up some more.

Since the block reward is currently only the transaction fee and any fees that come along with some extra, there isn't much inflation.

I think it will just make it more fun to sell things for SolidCoins.

But it will be very interesting to see what happens with SolidCoin v3. Going to be more user friendly, so maybe more buyers will be out there.

Sell all your possessions and buy SolidCoins if you believe the BS you just spouted.

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

Okay so what did you say highlighted in red? Selling things for solidcoins would be fun. So then have LOTS of "fun" selling all your things. 

[Etlase2]

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

Well the people who pre-mined 12M coins and the ones who mined in the first million coins at 1/10,000th the work per coin will thank you for the transfer of wealth.

unlike bitcoin where they'll just tell you to fuck off if you don't like it https://bitcointalk.org/index.php?topic=75157.0

[drakahn]

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

Well the people who pre-mined 12M coins and the ones who mined in the first million coins at 1/10,000th the work per coin will thank you for the transfer of wealth.

unlike bitcoin where they'll just tell you to fuck off if you don't like it https://bitcointalk.org/index.php?topic=75157.0

i was unaware bitcoin randomly lowered its block reward to fuck all

[BCEmporium]

i was unaware bitcoin randomly arbitrarily lowered its block reward to fuck all

fix'd... scam coin difficulty isn't random it's arbitrary. 

[Etlase2]

i was unaware bitcoin randomly lowered its block reward to fuck all

i read 1/10,000th the difficulty. reading it again I still read 1/10,000th the difficulty. bitcoin difficulty is currently 1.6 million times higher than its first year. that's 1/1,600,000. what does block reward have to do with this? oh yeah, "fuck off"

[Schwede65]

we will see what the price of sc will do in the future:

http://solidcointalk.org/topic/589-solidcoin-v30-major-announcement/

beginn quote
We have decided to break compatibility with v2 of SolidCoin and restart the chain with all of the existing coins. We won't be re-adding the 10 trust accounts, so the only coins at the start of the new chain will be the 2.8 million normal coins owned by everyone. This means we have also removed the trust node concept and trust blocks. We have developed an alternative 51% mining attack solution.
end quote

major problems solved with the complete new version 3 like 51-attack and the premined millions does not exist any more...

[smoothie]

we will see what the price of sc will do in the future:

http://solidcointalk.org/topic/589-solidcoin-v30-major-announcement/

beginn quote
We have decided to break compatibility with v2 of SolidCoin and restart the chain with all of the existing coins. We won't be re-adding the 10 trust accounts, so the only coins at the start of the new chain will be the 2.8 million normal coins owned by everyone. This means we have also removed the trust node concept and trust blocks. We have developed an alternative 51% mining attack solution.
end quote

major problems solved with the complete new version 3 like 51-attack and the premined millions does not exist any more...

Cant wait for version four where it makes you breakfast and then destroys it and tells you to pay for the food.

[EskimoBob]

For start, lets get this one simple thing straight - SLC never had any investors. Short term speculants a not investors. Enough said about that.
 
Thanks to one guy and his greed, combined with utter stupidity, SLC looks like just another epic fail in short list of alternate coins.

Do you remember those?
Tenebrix: status: dead, cause - greed and stupidity
Geist Geld - status: dead, cause - greed and stupidity
...list all your favourite scam coins here - all dead because of greed and lack of long term vision.

SLC is getting ready to follow this losers and if bitcoin (and litecoin?) are not getting its acts together, we can forget those too. So, lets hope for the best.
If no one uses your *coin in the real world, it's just another bump-and-dump scamcoin. As simple as that.
No matter how cool your client, website or miner looks - if you nor I can buy useful shit with *coin, it has no real value.
Before you start foaming about the price, remember, price is not value.

[GTRsdk]

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

Well the people who pre-mined 12M coins and the ones who mined in the first million coins at 1/10,000th the work per coin will thank you for the transfer of wealth.

You realize those are unspendable, right?

[DeathAndTaxes]

I didn't say I was selling any or all of my possessions. However, I might sell some for SolidCoins.

Well the people who pre-mined 12M coins and the ones who mined in the first million coins at 1/10,000th the work per coin will thank you for the transfer of wealth.

You realize those are unspendable, right?

1) They are only unspendable until the code changes and a single person can force any changes to the code he wants.

2) Even if #1 wasn't true the "unspendable" coins are transfered to the CDF every even block where they are most certainly spendable once again by the same person.

[GTRsdk]

1) They are only unspendable until the code changes and a single person can force any changes to the code he wants.

2) Even if #1 wasn't true the "unspendable" coins are transfered to the CDF every even block where they are most certainly spendable once again by the same person.

Once v3 hits though, there will no longer be trust node accounts, so those coins will no longer exist.

And I don't really plan to sell anything before v3, so everything should be good.

[DeathAndTaxes]

Well like I said I am sure the people who mined millions in a span of weeks will love you for taking worthless coins off their hands.

Have fun.

[GTRsdk]

Well like I said I am sure the people who mined millions in a span of weeks will love you for taking worthless coins off their hands.

Have fun.

How could they be "mined" if the v3 blockchain hasn't even started yet?

[DeathAndTaxes]

Well like I said I am sure the people who mined millions in a span of weeks will love you for taking worthless coins off their hands.

Have fun.

How could they be "mined" if the v3 blockchain hasn't even started yet?

They were mined at the start of v2.  Still I am done.  You think it is a good investment so did hundreds of people before you who were burned.  Good luck.

[memvola]

i was unaware bitcoin randomly lowered its block reward to fuck all

i read 1/10,000th the difficulty. reading it again I still read 1/10,000th the difficulty. bitcoin difficulty is currently 1.6 million times higher than its first year. that's 1/1,600,000. what does block reward have to do with this? oh yeah, "fuck off"

Encoin is a decent design. But why don't you implement it instead of whining about this matter all the time? Either you will be vindicated, or you will see that convoluted designs don't work so well in practice. Either Bitcoin's purity is essential, or it isn't. You need to prove the latter in order to back your criticism. Either way I think it's off-topic, because what SC2 did was worse.

[Etlase2]

Encoin is a decent design. But why don't you implement it instead of whining about this matter all the time? Either you will be vindicated, or you will see that convoluted designs don't work so well in practice. Either Bitcoin's purity is essential, or it isn't. You need to prove the latter in order to back your criticism. Either way I think it's off-topic, because what SC2 did was worse.

What solidcoin did was worse for sure, but they only took a page out of the bitcoin playbook. And I'm not whining, just pointing out the hypocrisy. Encoin is beginning development; hopefully there will be some stress tests and attack tests later this year.