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Topic: bitcoin vs solidcoin - page 6. (Read 19345 times)

hero member
Activity: 812
Merit: 1001
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September 02, 2011, 04:39:52 PM
#64
some miners have secondary and tertiary (and more) targets, so if primary pool, for example, goes down for a minute, miner would start mining on a backup target which could be you own bitcoind.

Those who hop proportional pools, may have a default pool which they mine with when there is no appropriate victim available. This would be overspill to a default pool than.

legendary
Activity: 1708
Merit: 1007
September 02, 2011, 04:37:07 PM
#63
What does "overspill" mean in this context?

And before it happens, no BitcoinPorn, I don't need a visual image.
hero member
Activity: 812
Merit: 1001
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September 02, 2011, 04:33:33 PM
#62
Threat of force is often more effective than application of force. Someone with proven hashing power can simply ask for some money from shitcoin "early adopters" or else...

damn... I give someone ideas here....

ixcoin is an easier target. They're trying like HELL to get their difficulty dropped, including patching the software to change adjustment algorithms. Smiley
That's why I've downloaded their old daemon and mine with my overspilled hashes on it. Not much but everyone who thinks it is a scam should do it  Cheesy

Could have run local bitcoind and overspill to it. I recently solved a block on such "overspill" and than sold that block to a bitcoin numismatic for a premium.
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
September 02, 2011, 04:28:46 PM
#61
Threat of force is often more effective than application of force. Someone with proven hashing power can simply ask for some money from shitcoin "early adopters" or else...

damn... I give someone ideas here....

ixcoin is an easier target. They're trying like HELL to get their difficulty dropped, including patching the software to change adjustment algorithms. Smiley
That's why I've downloaded their old daemon and mine with my overspilled hashes on it. Not much but everyone who thinks it is a scam should do it  Cheesy
member
Activity: 112
Merit: 10
September 02, 2011, 04:24:08 PM
#60
Threat of force is often more effective than application of force. Someone with proven hashing power can simply ask for some money from shitcoin "early adopters" or else...

damn... I give someone ideas here....

ixcoin is an easier target. They're trying like HELL to get their difficulty dropped, including patching the software to change adjustment algorithms. Smiley
hero member
Activity: 812
Merit: 1001
-
September 02, 2011, 04:21:46 PM
#59
Threat of force is often more effective than application of force. Someone with proven hashing power can simply ask for some money from shitcoin "early adopters" or else...

damn... I give someone ideas here....
member
Activity: 112
Merit: 10
September 02, 2011, 04:18:05 PM
#58
what about restarting the whole chain from the beginning or from a while ago and making it longer than the current one thus deleting all transactions that happened?

I probably can do this one alone.

Do it to ixcoin then, that's actually a blatant scam and -really- deserves it.
hero member
Activity: 812
Merit: 1001
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September 02, 2011, 04:17:08 PM
#57
what about restarting the whole chain from the beginning or from a while ago and making it longer than the current one thus deleting all transactions that happened?

I probably can do this one alone.


hero member
Activity: 630
Merit: 500
Posts: 69
September 02, 2011, 04:05:48 PM
#56
As noted, I've done my research.  Some of it, at least.  What I found isn't promising.  I'm willing to stake a bet between us.  What is the currency exchange rate?  Based on the rate today, in six months you buy me $50 worth of Bitcoins (on today's exchange rate) and I'll buy you $50 worth of Solidcoins (also in today's exchange rate).  You can buy those coins at any point along those six months, if you don't aleady have them. 

Do it do it do it!

I like SolidCoin, but that seems like a decent gamble and good fun.
legendary
Activity: 1708
Merit: 1007
September 02, 2011, 03:48:01 PM
#55
So many ignorant comments in here... All I have to say is please you guys atleast do your research... you will be shooting yourself in 6 months when SC isn't dead and the price as quatrippled...


As noted, I've done my research.  Some of it, at least.  What I found isn't promising.  I'm willing to stake a bet between us.  What is the currency exchange rate?  Based on the rate today, in six months you buy me $50 worth of Bitcoins (on today's exchange rate) and I'll buy you $50 worth of Solidcoins (also in today's exchange rate).  You can buy those coins at any point along those six months, if you don't aleady have them. 
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
September 02, 2011, 03:44:19 PM
#54
So many ignorant comments in here... All I have to say is please you guys atleast do your research... you will be shooting yourself in 6 months when SC isn't dead and the price as quatrippled...

It already quatrippled... in the other direction  Roll Eyes
legendary
Activity: 1764
Merit: 1015
September 02, 2011, 03:39:45 PM
#53
So many ignorant comments in here... All I have to say is please you guys atleast do your research... you will be shooting yourself in 6 months when SC isn't dead and the price as quatrippled...
sr. member
Activity: 476
Merit: 250
moOo
September 02, 2011, 03:09:24 PM
#52
Solidcoin is now less profitable to mine than bitcoin.

wait for the diff drop, this is nothing new, it might have dropped further than it had before, plus on ruxum they are stil trading at 0.015 not really sure why but the last trade was a few minutes ago.

dont write sc's obituary yet.
member
Activity: 84
Merit: 10
September 02, 2011, 03:04:57 PM
#51
You...pay...for porn?

...intriguing.
I said nothing of the kind, but obviously enough people do that for pay sites to stay in business. My point was just that it's a large industry where a significant subset of (potential) customers may be willing to put up with the shortcomings of *coin in the interest of privacy. The average schmo is not going to buy widgets with Bitcoin instead of Paypal just for the novelty of it, there has to be some payoff to offset the extra hassle.

AFAIK porn sites bill anonymously. Like "Business Delivery Systems, Inc." on your statement and shit.

I can't imagine anyone being paranoid enough about surfing legal porn when there's already whitelabeled billing to justify all the stupid bullshit required to make payments with bitcoin...
full member
Activity: 154
Merit: 100
September 02, 2011, 02:21:30 PM
#50
You...pay...for porn?

...intriguing.
I said nothing of the kind, but obviously enough people do that for pay sites to stay in business. My point was just that it's a large industry where a significant subset of (potential) customers may be willing to put up with the shortcomings of *coin in the interest of privacy. The average schmo is not going to buy widgets with Bitcoin instead of Paypal just for the novelty of it, there has to be some payoff to offset the extra hassle.
legendary
Activity: 1708
Merit: 1019
September 02, 2011, 12:31:42 PM
#49
its a problem, when the only reason people use bitcoin, is to make money. bitcoin is a medium of exchange, not stocks.

Yeah, the design of Bitcoin makes it more suitable as a store of value than a medium of exchange because you are discouraged from spending it. This is the reason why it will never become a mainstream currency.

yeah... like gold   Tongue
legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
September 02, 2011, 12:03:11 PM
#48
Solidcoin is now less profitable to mine than bitcoin.
i0coin too

pumpers gonna dump  Tongue
sr. member
Activity: 392
Merit: 250
September 02, 2011, 11:59:35 AM
#47
its a problem, when the only reason people use bitcoin, is to make money. bitcoin is a medium of exchange, not stocks.

Yeah, the design of Bitcoin makes it more suitable as a store of value than a medium of exchange because you are discouraged from spending it. This is the reason why it will never become a mainstream currency.
sr. member
Activity: 265
Merit: 250
21
September 02, 2011, 11:54:47 AM
#46
Solidcoin is now less profitable to mine than bitcoin.
legendary
Activity: 1896
Merit: 1353
September 02, 2011, 11:43:30 AM
#45
Solidcoins have been there for about 10 days. In 10 days from now, the amount of solidcoins will have doubled.
In order to keep a constant price, the demand will need to be twice as high.

The demand for solidcoins comes from a fraction of Bitcoin users, that are convinced to buy solidcoins. We do not need to understand the exact causes that drive them to buy solidcoins ; it is sufficient to observe that in the absence of new compelling arguments, this fraction will probably remain constant.

The number of bitcoin users does not double in an interval of 10 days ; its growth is much slower. Therefore the demand for solicoins will not grow as fast as the supply. This leads to a predictable price decrease.

The above argument assumes that the value of solidcoins is linked to a real economy, and is not influenced by speculation.
However, since most of the value actually results from speculation, we can expect the price decrease to be strongly amplified.

read this if you have invested
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