Topic: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools - page 29. (Read 85528 times)

Yeah it seems to be crashing again... i'm still recovering from being sick yesterday so not fast enough to keep up with this new fangled cyberpunk world.

Anyway I don't recommend anyone "invest" in real stock markets. At least with bitcoin you can come and rant on the forums and all the players can read your rants. With the stock markets the big hedge fund manager types will never hear a peep out of you.

NO! I'm keener than ever. The crash was just an adjustment and the price is already on the rise. I should have bought in and not read your reply  

If merchants change their mind every ten seconds then the bitcoin / solidcoin / *coin platforms will be forever just game markets for kids who are too skint for the real stock markets. I'm playing the market and doubled my money since yesterday, but thats just a sideshow to the business of promoting the currency as a real option for my members.

Join an adult site without it showing up on your credit card bill? I'm sure lots of my members would appreciate that option.

Now I'm just waiting for my friend at coinb.in to support solidcoin. Once enough people treat these currencies with some respect (yes I'm looking at you, dear reader) they will have the chance to change the world.

Too much to ask? I hope not.

The message comes up when load is high, the order book is moved from the main page. Lots of bots scrape it instead of using the API for some reason. http://www.solidcoins.info has a good order book pulling from the api.

although it does appear to be recovering.. maybe I should have bought back in again for the dead cat bounce hm.. would love to see what the graph looks like tomorrow...
That red message about the buy and sell order book being down has come up again.

Nope this isnt true, if you look at teh double spend vulnerability study, what matters is how many blocks he falls behind, NOT TIME. Or you are going to have to prove this claim to me, as all the studies show it becomes increasingly harder to double spend for each block you fall behind, NOT FOR EACH MINUTE.



um 51% is still 51%. I get it would take less equipment but you also get the double spend attack? It's pretty damn limited, and a rogue pool op, would probably find more luck and less risk, just diverting found blocks into a different wallet, and his users would just think the pool was a but unlucky that day. This is also a weakness with bitcoin, and as such, meaningless. But once again the faster block speeds makes it harder, not easier as his time frame to exploit decreases. It is also mainly a non issue, people wait less confirmations for small transactions, more for larger.


source is there, so the problem is pebcak. You also dont really need a client, most pools will let you send to an exchange, and you can also create your own keys and just forget having a client. You also claim he made practically no changes to the btc code, and yet claim solidcoin sucks cause it doesnt work on debian.. well can you not get bitcoin to work on debian? sounds like you can, so ONE CLAIM OR THE OTHER HAS TO BE WRONG. I mean you say it is the same client as btc with miner changes and then bitch you cant make it work.


when is the last time you saw an update for the client? Hows that encrypted wallet coming?



Nothing but fud.. and what has destabilized the code? what makes it less trust worthy? that sounds like liable I suggest you prove that or watch out you might get sued.

Seriously nothing but garbage here. I have a feeling it is someone upset BTC went so far down, or someone who made bad trades for SC. At the very very least, it is someone who did a piss poor job of proving his point.

Lorna: are you still accepting solid coins after the crash? I suggest you switch to BTC and I hope you quickly converted any solid coins you received.

I believe the origin of the Bank of America quote is from the betabeat article about Gavin's keynote at the conference:
They've actually changed that since they originally wrote the article. It was originally a stronger statement. Presumably Gavin corrected them. It was "He said he hopes that in five years, Bitcoin “will be boring.” As in, no calls from reporters, no hype and no drama. Just a niche currency with a robust community–possibly administered by Bank of America.".

I wanted to formally ask CoinHunter to add solidcoin.info to my http://payco.in directory. And anyone else running a bitcoin/solidcoin site please add them in.

I want to really be in there promoting bitcoin & solidcoin as payment solutions. I took the opportunity to prove I'm me at the same time.

Shame the video from the mobile phone is so rubbish ... I won't be doing that again.

http://www.facebook.com/Lorna.Morgan.Model/posts/165399963537108

http://twitter.com/#!/lorna_morgan/status/107445930436993024

http://dai.ly/qK7kiT

So, slight problem, using cgminer w/2x6870's.

After finding a block yesterday, I've had nothing but 100% rejection rate all day.

[2011-08-27 09:30:14] New block detected on network, waiting on fresh work
[2011-08-27 09:30:16] Rejected 348df813 GPU 0 thread 2
[2011-08-27 09:30:32] Rejected e31cc19b GPU 0 thread 0
[2011-08-27 09:31:35] New block detected on network, waiting on fresh work

So on, so forth, anyone have any idea what could be happening here?

I wonder if people still qualify for the bounty if they tweet news of the crash.

Hi.

Made a twiter for Solidcoin: http://twitter.com/#!/Swapper_es/status/107429500182212608 (appeared also in my Facebook)

My wallet: sZyq5kk8c94NupGhdkFQNhoPuwxLvstdku

Thanks.

yeah after much deliberation I decided to get out of my position making a tidy 140 BTC profit a few hours ago. I would have sold last night but I had a terrible fever. Then After that a few people bought back in and I put in a massive buy order a few orders down which was snapped up within seconds. I thought that was pretty good as I had an extra 400 solid coins and 4BTC left... the market then crashed to well below what I bought for.. I used my remaining BTC to try to prop up the dead horse. I was only mildly succesfull at this and sold out again this time making a more modest profit of 78 BTC... I can't help but wonder if one of the larger miners (Art perhaps?) snapped up my BTC... anyway I am still ahead this time and even ahead in terms of what I was at before my IXcoin loss.

Oh and my attempt to sell out was bloody frantic as I realised my page loads were taking forever. I was yelling out to my brother "Turn of that bloody bittorrent!" and he was like "Why?".... lol

If you look at the graph at the moment it doesn't look pretty:

http://solidcoin.kicks-ass.org/graphs/graphs.html

Anything that falls faster than it rises is usually doomed.

None of the claims on that page appear to be true.

1. Speed - You are claiming that SolidCoins are faster and more reliable than bitcoins. SolidCoin produces blocks faster that's all. The client is not more reliable as you are hacking stable code, this is likely to introduce security issues and has introduced many reliability issues. SolidCoin has faster transaction confirmation by virtue of each transaction confirmation meaning far less. You still have to wait the same time to have the same confidence that your transaction will not be reversed.

2. Security - Anyone who runs a decent sized BTC pool could subvert his hashing power to perform double spends on SolidCoin right now as the barrier to a 51% attack is far lower than bitcoin. This attack could also be carried out far faster due to the 3 minute block average. SolidCoin's faster block generation has introduced a far higher chance of the blockchain branching thus reverting transactions, SolidCoin has greatly reduced network reliability instead of improved it.

3. We make it easy - You don't even have a client that will run on Debian based Linux. The clients you have released are bitcoin code with minor changes that do nothing to make things easier, they are the same bitcoin clients with only small changes.

4. Fairer - You state that 2000 people possessed SolidCoins within the first 48 hours of the currency. You can't possibly know how many people hold SolidCoins as the nature of the network prevents this. You then claim a week later 10000 held SolidCoins. It appears you are just making up bit numbers as there is no feasible way you can know who has these coins.

5. A plan for the future - Attacking the bitcoin developers, developers who have released stable clients for all platforms seems low. You should be grateful as they did all the work for SolidCoin while you made minor hacks and changed the name. You claim the Bank of America might take over the bitcoin network! That's crazy FUD and I advise you to remove that statement before the Bank of America sue you for Libel.


None of the points made on that page are valid. SolidCoin is less stable, less reliable, and less secure than bitcoin. No new features were added and the changes that have been made have destabilized the code making it significantly less trustworthy.

As you can See I tweeted about SolidCoin on Thursday

SC address still valid

Thanks,

Brat

^ Thank you

I've updated the site with more bounties paid and new businesses which accept SolidCoins.

Also new page to help people learn more about SolidCoin. More coming soon.

http://solidcoin.info/five-reasons-to-own-solidcoins.php

It means it's set to 0.01 SC in the client. For it to change the client has to be modified and a large number of nodes updated to run it.

I can't seem to find what the "fixed transaction fee" is? Is this really that helpfull of an incentive?

In my opinion if solid coin value changes a lot to where the transaction fee is irrelevant solid coin miners will not find any incentive to mine(this is assuming the transcation fee is static, "Fixed" could be anything really)

It should be noted that changing the average time between blocks from 10 minutes to 3 minutes does not change the overall amount of time one must wait to have a certain degree of certainty in that transaction being permanent.

It merely increases the granularity of that decision.

Saying that you are waiting for 6 confirmations is actually just a proxy for saying you're waiting for a certain percentage of the networks potential for work to be done.

Reducing the time to 3 minutes means for the same certainty you will need to wait for 20 confirmations.

I can see the advantage for people just waiting for 1 confirmation, but for everybody else this represents no improvement at all.

http://mangomangomonsters.tumblr.com/post/9439147670/solidcoins-and-bitcoins
Blogpost posted!
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