Topic: delete - page 9. (Read 23927 times)
But one strange thing was that when the network just started and the difficulty was the least, I generate nothing until when the difficulty was about 400 then the coins start to appear. I now have 5 block of coins.
No, though currently I hold the wallet for those CPF coins.
10% of all coins generated go into your wallet. Crypto-currencies are based on the concept of exchange without trust however there is nothing every user of solidcoin can do but TRUST that you will do the right thing.
Pure blind trust because if you don't there is no recourse, no checks & balances, no failsafe.
Centrally controlled currency without oversight which requires trust in major stakeholders. Congrats you just (re)invented fiat currency.
Are you the new FED?!?!?! LOL
No, though currently I hold the wallet for those CPF coins. If you read our forum you will see a non for profit organization is going to be created in a "fair country" to handle this fund going forward. Personally I don't want the stress of having to deal with handing out bounties, market measures and things like this. Along with the accusations you're skimming or a scammer. I understand why people say this and it's why I want a "constitution" and a NPO to take over. I'd rather just do some code for the project and not be involved in any leadership aspects of it.
If you think having a tiny bit (5%) of centralization like this fund is bad then that's fine, it's an opinion. People who don't mind spending a little bit in supporting a central organization who will protect their assets have SolidCoin, those who want wild west, no one does anything for anyone have things like BTC and so forth. We'll see what has greater efficiency I guess over the coming months.
Sorry but, no centralization can be good. Look around you man!!!
Anyway, good luck for you!
I think anything that attacks our current monetary system is a awesome thing!
What are the requirements that have to be met to be a trusted node?
Are you the new FED?!?!?! LOL
No, though currently I hold the wallet for those CPF coins. If you read our forum you will see a non for profit organization is going to be created in a "fair country" to handle this fund going forward. Personally I don't want the stress of having to deal with handing out bounties, market measures and things like this. Along with the accusations you're skimming or a scammer. I understand why people say this and it's why I want a "constitution" and a NPO to take over. I'd rather just do some code for the project and not be involved in any leadership aspects of it.
If you think having a tiny bit (5%) of centralization like this fund is bad then that's fine, it's an opinion. People who don't mind spending a little bit in supporting a central organization who will protect their assets have SolidCoin, those who want wild west, no one does anything for anyone have things like BTC and so forth. We'll see what has greater efficiency I guess over the coming months.
Personally I am anti-bank, anti-current-system and generally want a world where most people make the decisions for themselves. So that's just where I'm coming from and why I'm working on SC.
I have to say it kinda sucks how many solidcoins are being generated,
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
Why does it suck "so many" coins are generated and a few thousand more people are now into SolidCoin? If you think it's bad sell them. Only time will tell what decision is right when it comes to which currency to support or which investment paid off.
Do you know how many coins were "given away" when SC1 started to people like you? Do you know why it has had the fastest node growth of any chain? There are reasons for these things and if you can't see them then maybe you should educate yourself like others are doing.
First off, I dont care about the nitpickings and I want to thank you for all your hard work
The fact that you are using your time to build something rather than destroy something says a lot.
It did not dawn on me that the total number of users would increase by much or any. Thank you for stating what should have been obvious.
I hope things settle favorably in the end.
16040 I believe. 624 blocks in last 69 minutes (6.6s avg block time).
Does this really need explaining? The SC2.0 network is currently _growing_, like I said it's outpaced all other chains in growth and we've seen the worst block conditions for any cryptochain to this point. The SC2.0 network has handled it fine.
If a network is growing then block speed at increasing diffs will also grow. It's simple maths. I expect it to hit 50000 -> 100000 diff before we get close to the maximum desired blocktime in 120s, at current speeds. If we see another 1000 people join today then who knows.
If a network is growing then block speed at increasing diffs will also grow. It's simple maths. I expect it to hit 50000 -> 100000 diff before we get close to the maximum desired blocktime in 120s, at current speeds. If we see another 1000 people join today then who knows.
So we should just take your word that everything is fine and dandy? Do you have any raw data to back up your claims?
Again, how do you know that the growth is benevolent (users), not malevolent (attackers)?
At ~50 diff, blk generation was ~3s/blk.
At ~100 diff, roughly the same.
Now it's at 1500 diff @ 6s/blk
And this is supposed to be 'normal'?
At ~100 diff, roughly the same.
Now it's at 1500 diff @ 6s/blk
And this is supposed to be 'normal'?
this
Why aren't difficulty increases actually making it much more difficult?
Does this really need explaining? The SC2.0 network is currently _growing_, like I said it's outpaced all other chains in growth and we've seen the worst block conditions for any cryptochain to this point. The SC2.0 network has handled it fine.
If a network is growing then block speed at increasing diffs will also grow. It's simple maths. I expect it to hit 50000 -> 100000 diff before we get close to the maximum desired blocktime in 120s, at current speeds. If we see another 1000 people join today then who knows.
So it looks like the "trusted nodes" are awarded 3.2 coins for a difficulty 1 hash.
So far in 14 hours that is 24K coins.
Who are the trusted nodes?
Why are they awarded coins for such a computationally easy block?
So far in 14 hours that is 24K coins.
Who are the trusted nodes?
Why are they awarded coins for such a computationally easy block?
That is poor analysis. The CPF is awarded those coins (5% created, 5% from node). The "Trusted nodes" lose money supporting the network and anyone can become a trusted node provided they match the network requirements. It's pure decentralized trust. If it sounds interesting to you then you'll have to wait until tomorrow when all will be revealed.
What are the requirements?
Also, I love the link saying 1 million in the url and you saying 220k.
legendary
Activity: 1862
Merit: 1011
Reverse engineer from time to time
And what is the current block count?
I have to say it kinda sucks how many solidcoins are being generated,
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
Why does it suck "so many" coins are generated and a few thousand more people are now into SolidCoin? If you think it's bad sell them. Only time will tell what decision is right when it comes to which currency to support or which investment paid off.
Do you know how many coins were "given away" when SC1 started to people like you? Do you know why it has had the fastest node growth of any chain? There are reasons for these things and if you can't see them then maybe you should educate yourself like others are doing.
Are you the new FED?!?!?! LOL
At ~50 diff, blk generation was ~3s/blk.
At ~100 diff, roughly the same.
Now it's at 1500 diff @ 6s/blk
And this is supposed to be 'normal'?
At ~100 diff, roughly the same.
Now it's at 1500 diff @ 6s/blk
And this is supposed to be 'normal'?
this
Why aren't difficulty increases actually making it much more difficult?
So it looks like the "trusted nodes" are awarded 3.2 coins for a difficulty 1 hash.
So far in 14 hours that is 24K coins.
Who are the trusted nodes?
Why are they awarded coins for such a computationally easy block?
So far in 14 hours that is 24K coins.
Who are the trusted nodes?
Why are they awarded coins for such a computationally easy block?
That is poor analysis. The CPF is awarded those coins (5% created, 5% from node). The "Trusted nodes" lose money supporting the network and anyone can become a trusted node provided they match the network requirements. It's pure decentralized trust. If it sounds interesting to you then you'll have to wait until tomorrow when all will be revealed.
There's only been about 220K coins generated since going live.
Can you explain the math that generates this answer?
To be honest I didn't expect us to reach 1200+ nodes within 18 hours of operation, seems SolidCoin is outpacing my own expectations.
Where are you getting these node counts from? How do you know that some of those nodes aren't attacker(s)?
With hindsight I would have started the chain at a higher difficulty. I should have time tomorrow to upload the new algorithm to the website, so stay tuned to our forum or site if you're interested.
What new algorithm? Are you saying that the difficulty adjustment algorithm is inadequate? You're going to fork your block chain by changing it?
I don't normally use image macros, but this totally reeks of
I have to say it kinda sucks how many solidcoins are being generated,
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
Why does it suck "so many" coins are generated and a few thousand more people are now into SolidCoin? If you think it's bad sell them. Only time will tell what decision is right when it comes to which currency to support or which investment paid off.
Do you know how many coins were "given away" when SC1 started to people like you? Do you know why it has had the fastest node growth of any chain? There are reasons for these things and if you can't see them then maybe you should educate yourself like others are doing.
So it looks like the "trusted nodes" are awarded 3.2 coins for a difficulty 1 hash.
So far in 14 hours that is 24K coins.
Who are the trusted nodes?
Why are they awarded coins for such a computationally easy block?
With increasing difficulty the "advantage" the trusted nodes gain increases.
For example right now difficulty is 1500 so regular nodes need to work 1500x harder to gain 10x the reward. A 150x disadvantage.
However block times are still 6s so difficulty should be 30x higher. When difficulty is 450,000 regular nodes will need to work 450,000 times harder to gain 10x the reward a 45,000x disadvantage.
Who/what determines who gets the highly advantageous position of being a trusted node?
Why are they overcompensated for their workload?
What happens to the network if the trusted nodes fail (DDOS)?
So far in 14 hours that is 24K coins.
Who are the trusted nodes?
Why are they awarded coins for such a computationally easy block?
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With increasing difficulty the "advantage" the trusted nodes gain increases.
For example right now difficulty is 1500 so regular nodes need to work 1500x harder to gain 10x the reward. A 150x disadvantage.
However block times are still 6s so difficulty should be 30x higher. When difficulty is 450,000 regular nodes will need to work 450,000 times harder to gain 10x the reward a 45,000x disadvantage.
Who/what determines who gets the highly advantageous position of being a trusted node?
Why are they overcompensated for their workload?
What happens to the network if the trusted nodes fail (DDOS)?
At ~50 diff, blk generation was ~3s/blk.
At ~100 diff, roughly the same.
Now it's at 1500 diff @ 6s/blk
And this is supposed to be 'normal'?
At ~100 diff, roughly the same.
Now it's at 1500 diff @ 6s/blk
And this is supposed to be 'normal'?
I have to say it kinda sucks how many solidcoins are being generated,
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
I bought in early and now they are being given away...
I like SC, but that kinda sux is all
they're only stopping you from trying the next biggest thing.
I thought SC 1.0 was 'the next big thing'.
Now it's SC 2.0. Or maybe youre just talking about your already massive blockchain.
I can't wait 3.0... it's the next big thing, dontcha know!
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