Topic: Get Ready for "MicroCash" : The most advanced Crypto-based Currency yet! - page 4. (Read 15300 times)

So, basically... P2SH?

Here is one example of a significant improvement: "Dual signature accounts allowed with MC$: Meaning you can now have two devices with 2 keys able to confirm a transaction. ie You create a transaction on your PC and your mobile phone confirms it. If your PC is ever hacked your funds can't be removed without your phone confirming it."

No one may never learn all the details surrounding the recent 18K BTC Heist.  Nevertheless, the hard work the community and dev team have put into the MC$ code base such as the above will demonstrate that the goal is to make security of the currency priority one.

Are you saying MicroCash contains some method to revoke coins?

My god that's scary and the best reason yet to have nothing to do with MicroCash!

I'm curious, which "improved technology" would have prevented the theft of SolidCoinsMicroCash, if it were in use instead of Bitcoin in this case?

Oohh i see where you're going, with MicroCrash you don't need scriptkiddies to steal your moneys, the devs will do it for you! That's simply ingenious!
Quickly, tell me how do i sell all my bitcoins to get microcash? (having them take my bitcoins AND my microcash sounds kinda silly, but hey, so does this whole topic.)

Now that is funny... .   Where did you get that from BTW???

The dev team is polishing things up before release.  As the MicroCash.org site states, the release was scheduled around the "tenth". Tell me this, what is up with that recent theft of over 18,000 BTCs??? Just another reason why it is time to move on with improved technology....

I made a semi-reasonable response to this and it appears to have been deleted. It seems one of the mods went on a delete frenzy.

My basic point was:

Any lost account containing enough MicroCash would keep growing forever due to interest. A black hole is the right analogy. However I expect CoinHunter has considered that likelihood and put some kind of coin recovery mechanism in place to ensure the lost coins get returned to 'the economy'. I should expect 'the economy' really means his wallet. Of course there is no way of knowing if coins have been lost or are off-line in a encrypted wallet somewhere so any recovery mechanism could well steal coins that have not been used for some months.


The interest and tax mechanisms as described are fundamentally broken.

Technically true. Since Microcash consists entirely of posts on message boards and in search engine caches, the only way to get rid of it would be to shut down the internet.
To stop SoiledCoin, all you need do is hack Coinhunters box or seize it with a warrant. Then you have the passwords and private keys of the tyrant nodes. With that, you could stop the block chain, or spend every single SoiledCoin, or both.

If microcash works as currently described in OP, then it's possible that certain accounts will become black holes over time.
If a large account (with interest > than fee) goes out of business (the owner dies or something else) then it will never decay, but instead will keep accumulating coins from the rest of the network getting even bigger.

I think interest should drop to zero If an account hasn't been spent from for a period of time.

I feel like i heard that kind of claims before..

FTFY

MicroCash has been developed by a team of core developers with exceptional industry leading talent backed by investors. It is a decentralized technology. To shut it down would require shutting down the Internet.

So none, then?

Or did you mean the PR barrage of forum-spam, completely lacking in any technical details or substance whatsoever behind it?



Yeah, about that whole "launch" thing?  Not getting a beta out before the 10th merely didn't look very good...  But not getting a client out (not even a beta) by the official launch date?

DOA, dude.

Digital signature or it didn't happen.

But of course you're just having fun with us morons, so you won't actually substantiate any claims.

LTC and NMC were not and are still not ridiculed.
Your post at the start of the thread is marketing material. We have been asking for the math and implementation of the math behind the claims.

For instance, you make the claim that Microcash is a "Peer-to-peer decentralized crypto-currency with currency creation reward based on energy used to create the currency (real value)". Where is the proof that it is both peer to peer and decentralized? Solidcoin 2.0 made both of those claims and it turned out it was just 10 tyrant nodes acting as half the network. That is not peer to peer, since nobody is a peer with a tyrant node and they make half the blocks. Nor is it decentralized, since the block chain cannot move forward without the 10 tyrant nodes (e.g. if you stop paying the electric bill for them).

You also claim that no blockchain download is required. So who does download the blockchain and makes sure the transactions are valid? More central servers? Or is Microcash divided into nodes and users (servers and clients instead of peer to peer)?

You do lay out the values for a standard bitcoin clone at the start. But why a 0.005MC fee for a transaction instead of 0.01MC or 0.004MC? Without any insight into why you chose these particular values it is hard to decide if they make sense without working from first principles. This is a significant investment of time and effort that nobody is willing to make at this point in time for two reasons:
  1) Historically those values have fluctuated over the course of your previous attempts at a currency
  2) SoiledCoin does not take input from the user community.

The one thing that you are right about is not posting the source or the math to Microcash. The only hope for SoiledCoin 3.0 is hype, not substance.

Edit: thanks for admitting you are Coinhunter. Most people would sign their posts and be proud of what they created, unless they knew they would have to run once the gig was up.

wait, you think SC/MC competes with BTC?

I would say it leeches from BTC(Solidcoinmafia lol), and as such can never compete.

No one could actually be THIS bad at promotion... Maybe notyep is just a misguided Bitcoiner who is trying to be a strawman. Is there any confirmation from RealSolid that notyep is in any way affiliated with MicroCash? Any denial of it?

Are those real screenshots?  If so, I love how the sell side obliterates the buy side.

T-minus to failure = soon

BTW, notyep, do you have some kind of neurological deficiency that makes you confuse pictures for reason?

Maybe I'm thinking about this one aspect a little too much, but WHY ON EARTH would anyone ever use any cryptocurrency that had ever at any time been closed-source? Even if MicroCash had its source available prior to launch, SC2 didn't and including those coins taints the entire chain. It's essentially a premine for people who trusted RS.

Who wants to reward the sort of moron who actually invested in SC2? That even on its own is a huge deterrent. The only conclusion I can draw is that they are not expanding their target demographic of complete idiots. They could be building a whole new pyramid without starting atop this one's unsound foundation.

I have half a mind to immediately fork it to FairCash or whatever just to mess with them, but I can't solve the double-spend problem either.