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Topic: A warning about Solidcoin for newer users [UPDATED] - page 3. (Read 4057 times)

member
Activity: 112
Merit: 11
Hillariously voracious
As a matter of fact, "shutdown of solidcoin" was not successful. Which, incidentally, disproves the thesis that all of the community was behind it Wink
legendary
Activity: 1764
Merit: 1015
RS has taken most of the suggestions that have been given to him by the "real" solid coin community pretty seriously. He's not taking this "one man" approach as this post would like to make it seem. We have been in discussion in the solidcoin forum on how to seriously improve the currency so that it's perfect, and he has been pretty receptive.

As far as him working by himself, that's not really something he can control. He is always open for help from others, and has stated numerous times that he would like to have a team, which is part of the reason why the "tax" is going into effect. Programmers don't like working for free you know Smiley.

Correction: IT TOOK ONE MAN TO MAKE THE CALL TO SHUT DOWN SOLIDCOIN.
The entire community was behind it. It's either that, BitcoinEx's attack.

But I thought solidcoin was basically unbreakable by CH's own words.
Apparently it will in version 2.0. But we all have to wait and see don't we Smiley.
hero member
Activity: 980
Merit: 506
RS has taken most of the suggestions that have been given to him by the "real" solid coin community pretty seriously. He's not taking this "one man" approach as this post would like to make it seem. We have been in discussion in the solidcoin forum on how to seriously improve the currency so that it's perfect, and he has been pretty receptive.

As far as him working by himself, that's not really something he can control. He is always open for help from others, and has stated numerous times that he would like to have a team, which is part of the reason why the "tax" is going into effect. Programmers don't like working for free you know Smiley.

Correction: IT TOOK ONE MAN TO MAKE THE CALL TO SHUT DOWN SOLIDCOIN.
The entire community was behind it. It's either that, BitcoinEx's attack.

But I thought solidcoin was basically unbreakable by CH's own words.
legendary
Activity: 1764
Merit: 1015
RS has taken most of the suggestions that have been given to him by the "real" solid coin community pretty seriously. He's not taking this "one man" approach as this post would like to make it seem. We have been in discussion in the solidcoin forum on how to seriously improve the currency so that it's perfect, and he has been pretty receptive.

As far as him working by himself, that's not really something he can control. He is always open for help from others, and has stated numerous times that he would like to have a team, which is part of the reason why the "tax" is going into effect. Programmers don't like working for free you know Smiley.

Correction: IT TOOK ONE MAN TO MAKE THE CALL TO SHUT DOWN SOLIDCOIN.
The entire community was behind it. It's either that, BitcoinEx's attack.
hero member
Activity: 980
Merit: 506
RS has taken most of the suggestions that have been given to him by the "real" solid coin community pretty seriously. He's not taking this "one man" approach as this post would like to make it seem. We have been in discussion in the solidcoin forum on how to seriously improve the currency so that it's perfect, and he has been pretty receptive.

As far as him working by himself, that's not really something he can control. He is always open for help from others, and has stated numerous times that he would like to have a team, which is part of the reason why the "tax" is going into effect. Programmers don't like working for free you know Smiley.

Correction: IT TOOK ONE MAN TO MAKE THE CALL TO SHUT DOWN SOLIDCOIN.
legendary
Activity: 1764
Merit: 1015
RS has taken most of the suggestions that have been given to him by the "real" solid coin community pretty seriously. He's not taking this "one man" approach as this post would like to make it seem. We have been in discussion in the solidcoin forum on how to seriously improve the currency so that it's perfect, and he has been pretty receptive.

As far as him working by himself, that's not really something he can control. He is always open for help from others, and has stated numerous times that he would like to have a team, which is part of the reason why the "tax" is going into effect. Programmers don't like working for free you know Smiley.
hero member
Activity: 630
Merit: 500
Posts: 69
Ah, so depending on your perspective, is this really SolidCoin's selling point?
legendary
Activity: 1190
Merit: 1000
With a full currency being run by one person, would this be the only true solution to be able to stop a 51% attack from happening, since theoretically, that one person could stop the machine until they are back in control?

I am super over simplifying this I think, but I still wonder generally

Or you could look at it as:
The one person in control always has the power obtained by a 51% attack and they can do whatever they like to the currency with no recourse for the  users.

Also, why would anyone bother "taking over" a block chain that has already been taken over?
full member
Activity: 154
Merit: 100
With a full currency being run by one person, would this be the only true solution to be able to stop a 51% attack from happening, since theoretically, that one person could stop the machine until they are back in control?

I am super over simplifying this I think, but I still wonder generally

At the point where one guy is running a currency, a 51% attack is the least of your concerns.
hero member
Activity: 630
Merit: 500
Posts: 69
With a full currency being run by one person, would this be the only true solution to be able to stop a 51% attack from happening, since theoretically, that one person could stop the machine until they are back in control?

I am super over simplifying this I think, but I still wonder generally
legendary
Activity: 1218
Merit: 1000
You forgot that CH arbitrarily inserted 1K phoony blocks between block 29000 and 30000, allegedly "to pay bounties" (to himself I guess... sort of "Solicoin God's wage").
full member
Activity: 154
Merit: 100
I've seen a lot of newer members down here in the 'wild-west' Alt-Currency board.

There have been a few alt-currencies. IxCoin, I0Coin, and SolidCoin. Now, it's tempting to get in on a new currency whether you want to be an 'early adopter', try out a different system, or make a few quick BTC from speculation. Solidcoin however has made the boldest claims.  CoinHunter/RealSolid (the only SolidCoin programmer) promises a lot of things.  But before you jump in, here are some things you should know:

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Solidcoin is run by ONE PERSON. THAT ONE PERSON IS INTRODUCING ONE-MILLION PREMINED COINS AND TAXING MINERS.

The 'official' Solidcoin can be shut down at the developers whim - and has been.

CoinHunter has provoked attacks on his own chain. Due to an alleged successful attack on his testnet, CoinHunter shut down his chain, halting transactions for all SolidCoin users.

Solidoin's developer has admitted to using malicious propaganda to influence Solidcoins userbase.
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You may still be interested in some of the designs in SolidCoin - that's fine!  There is an alternative completely OPEN SOURCE client floating around here, and I believe another one is in the works. Ask around for more details about them.

I highly suggest if you're interested in SolidCoin or any other p2p project that you promote an open and free environment.


UPDATE: Is this a joke?  I -hope- so.  In either case after reading this, I am NOT installing ANYTHING CH/RS releases:


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