MicroCash - New CryptoCurrency

[Starlightbreaker]

Why is there no mention of the source code being open source?

what, you expect them to be truthful with coding and stuff? of course everything should be closed down now.

come on now, this is their third iteration of the same shit that failed twice.


but hey, some people said the third one is the charm, so i think this one has a chance.....to self-destruct.

[ElMoIsEviL]

Should we oppose any Crypto-currency which attempt to Centralize and/or Concentrate power/trust to a few individuals?

I ask because it appears that many of the ideas proposed as alternate currencies add centralization to the Bitcoin model rather than attempting to mitigate Centralization of Power. I view *insert name of alternate crypto currency in question but which shall not be named* as being one example of this. To me, these currencies are simply short term currencies whose point of being is to give the backers some short term gains by selling pre-mined coins or by abusing their own code to extract more coins than other users. In other words to get a one up on the competition and thus make money.

Am I right to be skeptical?

[caston]

So is the exchange P2P and block chain based?

Do exchange fees go to miners?

[k9quaint]

After a brand has been totally and completely destroyed, what happens next is a "rebranding exercise".
Since SoiledCoin (which was going to take over the world according to the sockmuppets) is now defunct, Microcash appears!
Forget for the moment that Microcash is brought to you buy the same muppets who have failed twice now at making a viable currency.  

At least the tyrant nodes are gone. But honestly, who posts screenshots of the client GUI when claiming they have a cryptocurrency?

Edit:
This sums it up nicely:
http://microcash.org/learn-more.html takes you to a 404 error page.
Now that is poetic.

[Etlase2]

At least the tyrant nodes are gone.

I wouldn't be so sure of that. The 1 million coins each might be gone, but they've still got something to claim 51% attack defense and I don't give soiledcoin devs credit to actually do something innovative.

[k9quaint]

At least the tyrant nodes are gone.

I wouldn't be so sure of that. The 1 million coins each might be gone, but they've still got something to claim 51% attack defense and I don't give soiledcoin devs credit to actually do something innovative.

All you need to know about Microcash can be found at http://microcash.org/learn-more.html 

[Cosbycoin]

At least the tyrant nodes are gone.

I wouldn't be so sure of that. The 1 million coins each might be gone, but they've still got something to claim 51% attack defense and I don't give soiledcoin devs credit to actually do something innovative.

All you need to know about Microcash can be found at http://microcash.org/learn-more.html 

STEAL ALL THE PAGES!

[grndzero]

I was wondering how long it was going to take to launch SquishyCoin 3. I'm a little disappointed it took this long, but apparently it took a little longer to write the marketing fluff and cultivate new alts/useful idiots.

Congrats on your next failure.

[Tomatocage]

Well shit... It's about time we got another crypto-currency going.  It's been way too long since the heyday of alt chains when a new one would come out every other week.  I'm looking forward to mining this one like I did Ix/I0/SC.

[sd]

Looks like Microcash.org is hosted in Tokyo.

http://www.who.is/dns/microcash.org/

li414-147.members.linode.com. I hope he has better luck than slush did.


Hang on - no I don't, I hope he dies in a fire.

[CoinHunter]

Should we oppose any Crypto-currency which attempt to Centralize and/or Concentrate power/trust to a few individuals?

I ask because it appears that many of the ideas proposed as alternate currencies add centralization to the Bitcoin model rather than attempting to mitigate Centralization of Power. I view *insert name of alternate crypto currency in question but which shall not be named* as being one example of this. To me, these currencies are simply short term currencies whose point of being is to give the backers some short term gains by selling pre-mined coins or by abusing their own code to extract more coins than other users. In other words to get a one up on the competition and thus make money.

Am I right to be skeptical?

MicroCash doesn't have trust nodes or trust blocks, so it's as centralized as Bitcoin could be called. It does however feature a 51% mining defense which apparently isn't as secure as SolidCoin v2 but they had to make compromises so that they wouldn't get criticized anymore about being "centralized". Realsolid or any other developer can no longer control the chain.

http://solidcointalk.org/topic/591-decay-and-interest-v3-feature-discussion/page__view__findpost__p__6175

[CoinHunter]

Hang on - no I don't, I hope he dies in a fire.

Another reasonable poster I see.

[CoinHunter]

Why is there no mention of the source code being open source?

Because it's implied it's open source? They may even be going back to a MIT license.

[Foxpup]

Why is there no mention of the source code being open source?

Because it's implied it's open source? They may even be going back to a MIT license.

You can't "imply" something's open source. Either the source is available for all to see or it isn't. So which is it?

[CoinHunter]

You can't "imply" something's open source. Either the source is available for all to see or it isn't. So which is it?

MicroCash isn't released yet so the source isn't available. SolidCoin source has been available not far from when it was released, that is what I meant it's implied open source. The project it's spawning from is, why wouldn't we assume this is also?

http://solidcoin.info/downloads.html

[Foxpup]

MicroCash isn't released yet so the source isn't available. SolidCoin source has been available not far from when it was released, that is what I meant it's implied open source. The project it's spawning from is, why wouldn't we assume this is also?

http://solidcoin.info/downloads.html

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
	Sleep(100);
	continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Does MicroCash work the same way?

[CoinHunter]

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
	Sleep(100);
	continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Does MicroCash work the same way?

That's so trust nodes will only bother attempting to create trust blocks which are even, the odd blocks are normal blocks. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to criticism.

[Starlightbreaker]

and how about the coins generated from it?

straight to your wallet, like always? 

[k9quaint]

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
	Sleep(100);
	continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Does MicroCash work the same way?

That's so we could steal people's money, but there was never enough money in Solidcoin to make it worth while. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to everyone on the planet realizing it was a Dictatocurrency.

Glad you can finally admit the truth. Good luck rebranding Soiledcoin into Rapecash.

[Etlase2]

  rapecash