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jackjack

legendary

Activity: 1176

Merit: 1280

May Bitcoin be touched by his Noodly Appendage

Quote from: BitcoinEXpress on August 30, 2011, 07:31:40 PM

Given the improvements such as SC in the difficulty re-targeting algo

Such algo is only needed if the global hashrate changes dramatically
Which will occur if many people leave the Bitcoin network
So if this algo becomes needed, people would be anyway mining another blockchain...
So this is useless

Quote from: BitcoinEXpress on August 30, 2011, 07:31:40 PM

the encrypted wallet in the client

I love when you altchains supporters use that argument
Do you know this feature is copied from Bitcoin client?
Do you know why it isn't in the official client?
http://en.wikipedia.org/wiki/Software_release_life_cycle#Alpha

Quote from: BitcoinEXpress on August 30, 2011, 07:31:40 PM

address checking among others.

Absolutely useless for Bitcoin (if someone really want to know why: because Bitcoin uses Bitcoin addresses........)

Quote from: BitcoinEXpress on August 30, 2011, 07:31:40 PM

How will BTC remain relevant when MtGox and TH start exchanging SC to USD?

You are convinced it will not, so why even asking? https://bitcointalksearch.org/topic/announce-solidcoin-new-and-improved-block-chain-secure-from-pools-38453

Sukrim

legendary

Activity: 2618

Merit: 1007

* Nearly no security from serious chainsplit attacks in SC (yet?) - too low difficulty
* Far too fast block timing - after all you still have to wait ~1 hour to be sure, no matter if it takes 6 10 minute blocks or 60 1 minute blocks, they are equivalent from a security point of view
* Most of the interface stuff can be anyways ported to the bitcoin client too (which also has a great QT interface in the pipeline)
* Fast difficulty re-targeting can cause huge spikes in difficulty and might lead to even more pump 'n' dump (or on-off mining like namecoin)

geek-trader

sr. member

Activity: 294

Merit: 250

Quote from: BitcoinEXpress on August 30, 2011, 07:31:40 PM

Given the improvements such as SC in the difficulty re-targeting algo, the encrypted wallet in the client and address checking among others. How will BTC remain relevant when MtGox and TH start exchanging SC to USD?

Serious question and would appreciate serious answers.

What the hell is "SC" ?

BitcoinEXpress

legendary

Activity: 1210

Merit: 1024

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