MicroCash - New CryptoCurrency - page 5.

Gabi

legendary

Activity: 1148

Merit: 1008

If you want to walk on water, get out of the boat

Quote from: sd on April 25, 2012, 04:10:14 AM

Hang on here - MicroCash isn't peer2peer and has absolute central control.

This thing isn't a cryptocurrency in any meaningful sense, it's a central database with a pretty client attached.

CoinHunter knows that most users understand little about how these things work. He intends to fool them with a pretty GUI and steal their coins with taxes they probably won't understand either. Apart from that the network is grossly insecure both to outside attacks and acts of CoinHunter.

/thread

drakahn

hero member

Activity: 504

Merit: 500

Quote from: sd on April 25, 2012, 04:10:14 AM

Hang on here - MicroCash isn't peer2peer and has absolute central control.

This thing isn't a cryptocurrency in any meaningful sense, it's a central database with a pretty client attached.

CoinHunter knows that most users understand little about how these things work. He intends to fool them with a pretty GUI and steal their coins with taxes they probably won't understand either. Apart from that the network is grossly insecure both to outside attacks and acts of CoinHunter.

welcome to solidcoin 1 and 2

Foxpup

legendary

Activity: 4551

Merit: 3445

Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

Whats the difference between SC3 (aka Microcrash) and Paypal?

PayPal isn't a pyramid scheme.

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

Is mining still needed?

Yes.

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

If so - why?

To get more people involved in the scheme in order to steal their money.

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

Isnt mining just some nice cosmetical way to satisfy people and make them think that they can actually earn something off of RealSolids share?

Yes.

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

How would banning be implemented?

Arbitrarily.

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

One DB Server (or cluster) or will banning be propagated through the network and 51% of the miners have to accept a node to no longer be supported?

Doesn't really matter.

Quote from: Nachtwind on April 25, 2012, 04:25:55 AM

If someone was banned: Would his coins be "tainted"? ...

If by "tainted" you mean "put in the developers' pockets", then yes, most likely.

Any other questions?

Nachtwind

hero member

Activity: 700

Merit: 507

Wow, the ability to ban certain nodes is a heavy strike. I mean, ok, its not like in SC2 it wasnt possible but admitting that is just bad..

But now, just for once, i want to know something simple:
Whats the difference between SC3 (aka Microcrash) and Paypal? Is mining still needed? If so - why? Isnt mining just some nice cosmetical way to satisfy people and make them think that they can actually earn something off of RealSolids share? How would banning be implemented? One DB Server (or cluster) or will banning be propagated through the network and 51% of the miners have to accept a node to no longer be supported? If someone was banned: Would his coins be "tainted"? ...

sd

hero member

Activity: 730

Merit: 500

Hang on here - MicroCash isn't peer2peer and has absolute central control.

This thing isn't a cryptocurrency in any meaningful sense, it's a central database with a pretty client attached.

CoinHunter knows that most users understand little about how these things work. He intends to fool them with a pretty GUI and steal their coins with taxes they probably won't understand either. Apart from that the network is grossly insecure both to outside attacks and acts of CoinHunter.

GTRsdk

member

Activity: 87

Merit: 10

COIN SUPPORTER

Quote from: Starlightbreaker on April 24, 2012, 11:57:59 PM

Quote from: GTRsdk on April 24, 2012, 10:52:22 PM

Quote from: ?? on ??

Quote from: CoinHunter on April 24, 2012, 08:55:58 AM

Quote from: Foxpup on April 24, 2012, 06:55:47 AM

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
Sleep(100);
continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Cheesy

Does MicroCash work the same way? Grin

That's so trust nodes will only bother attempting to create trust blocks which are even, the odd blocks are normal blocks. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to criticism.

@Coinhunter (or whoever is playing the part)

Over on your SolidcoinTalk info I saw you posted the below as one of the "New Features" in MicroCash.

"Denial of Service code added, can now ban nodes that flood the network"

Which means you have the ability to ban specific nodes, period. The reason doesn't matter, you have that ability and your unstable history more than proves that one of the fastest ways to get banned is simply to disagree with you.

It also means this built in DDOS protection can be exploited to create all sorts of havoc. I wonder how bloated the "Ban DB" will be with maybe 100,000 banned nodes?? It only makes sense you have a central control server somewhere maintaining a database.

Peer <---> Central Control <----> Peer

Same structure as Solidcoin 2.0 except this time you're admitting it up front. Grin

~BCX~

I think it auto bans so if it gets like a hundred thousand or so requests in 10 seconds, then it automagically bans.

More like...
Peer Control <---> Peer Control <---> Peer Control

So close...

Starlightbreaker

legendary

Activity: 1764

Merit: 1006

Quote from: GTRsdk on April 24, 2012, 10:52:22 PM

Quote from: ?? on ??

Quote from: CoinHunter on April 24, 2012, 08:55:58 AM

Quote from: Foxpup on April 24, 2012, 06:55:47 AM

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
Sleep(100);
continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Cheesy

Does MicroCash work the same way? Grin

That's so trust nodes will only bother attempting to create trust blocks which are even, the odd blocks are normal blocks. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to criticism.

@Coinhunter (or whoever is playing the part)

Over on your SolidcoinTalk info I saw you posted the below as one of the "New Features" in MicroCash.

"Denial of Service code added, can now ban nodes that flood the network"

Which means you have the ability to ban specific nodes, period. The reason doesn't matter, you have that ability and your unstable history more than proves that one of the fastest ways to get banned is simply to disagree with you.

It also means this built in DDOS protection can be exploited to create all sorts of havoc. I wonder how bloated the "Ban DB" will be with maybe 100,000 banned nodes?? It only makes sense you have a central control server somewhere maintaining a database.

Peer <---> Central Control <----> Peer

Same structure as Solidcoin 2.0 except this time you're admitting it up front. Grin

~BCX~

I think it auto bans so if it gets like a hundred thousand or so requests in 10 seconds, then it automagically bans.

More like...
Peer Control <---> Peer Control <---> Peer Control

GTRsdk

member

Activity: 87

Merit: 10

COIN SUPPORTER

Quote from: ?? on ??

Quote from: CoinHunter on April 24, 2012, 08:55:58 AM

Quote from: Foxpup on April 24, 2012, 06:55:47 AM

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
Sleep(100);
continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Cheesy

Does MicroCash work the same way? Grin

That's so trust nodes will only bother attempting to create trust blocks which are even, the odd blocks are normal blocks. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to criticism.

@Coinhunter (or whoever is playing the part)

Over on your SolidcoinTalk info I saw you posted the below as one of the "New Features" in MicroCash.

"Denial of Service code added, can now ban nodes that flood the network"

Which means you have the ability to ban specific nodes, period. The reason doesn't matter, you have that ability and your unstable history more than proves that one of the fastest ways to get banned is simply to disagree with you.

It also means this built in DDOS protection can be exploited to create all sorts of havoc. I wonder how bloated the "Ban DB" will be with maybe 100,000 banned nodes?? It only makes sense you have a central control server somewhere maintaining a database.

Peer <---> Central Control <----> Peer

Same structure as Solidcoin 2.0 except this time you're admitting it up front. Grin

~BCX~

I think it auto bans so if it gets like a hundred thousand or so requests in 10 seconds, then it automagically bans.

More like...
Peer Control <---> Peer Control <---> Peer Control

DeathAndTaxes

donator

Activity: 1218

Merit: 1080

Gerald Davis

Source code =/= open source.

SolidCoin isn't open source. It is restricted under a restrictive license. Source code of Microsoft Windows is available under license but even Microsoft isn't blatant enough to call it open source.

Syke

legendary

Activity: 3878

Merit: 1193

Quote from: CoinHunter on April 24, 2012, 05:40:23 AM

Quote from: Syke on April 19, 2012, 11:43:35 AM

Why is there no mention of the source code being open source?

Because it's implied it's open source? They may even be going back to a MIT license.

SC started out as open source, but then progressed to a more restricted proprietary license. It's quite logical to assume that no mention of the source code in the announcement means there will be no source code released. I know, silly of me for thinking anything about SC follows logic.

GTRsdk

member

Activity: 87

Merit: 10

COIN SUPPORTER

I think it will be much easier for MicroCash to get new users than those who have already experienced a cryptocurrency.

When I started cryptocurrencies, I first went with SolidCoin.

The reason for that is because it worked in the Windows XP VM that I had to use (it didn't take forever to download the blocks).

And it looked kind of interesting.

Etlase2

hero member

Activity: 798

Merit: 1000

rapecash

k9quaint

legendary

Activity: 1190

Merit: 1000

Quote from: CoinHunter on April 24, 2012, 08:55:58 AM

Quote from: Foxpup on April 24, 2012, 06:55:47 AM

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
Sleep(100);
continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Cheesy

Does MicroCash work the same way? Grin

That's so we could steal people's money, but there was never enough money in Solidcoin to make it worth while. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to everyone on the planet realizing it was a Dictatocurrency.

Glad you can finally admit the truth. Good luck rebranding Soiledcoin into Rapecash.

Starlightbreaker

legendary

Activity: 1764

Merit: 1006

and how about the coins generated from it?

straight to your wallet, like always? Grin

CoinHunter

sr. member

Activity: 252

Merit: 251

Quote from: Foxpup on April 24, 2012, 06:55:47 AM

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
Sleep(100);
continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Cheesy

Does MicroCash work the same way? Grin

That's so trust nodes will only bother attempting to create trust blocks which are even, the odd blocks are normal blocks. Both trust nodes/blocks and trust accounts have been removed from MicroCash due to criticism.

Foxpup

legendary

Activity: 4551

Merit: 3445

Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: CoinHunter on April 24, 2012, 06:21:46 AM

MicroCash isn't released yet so the source isn't available. SolidCoin source has been available not far from when it was released, that is what I meant it's implied open source. The project it's spawning from is, why wouldn't we assume this is also?

http://solidcoin.info/downloads.html

ScamCoin is open-source? Well, that put's a whole new spin on things. Let's see what we've got here...

Code: (mining.cpp)

if(g_bTrustedMiningOnly && (pBlock->nBlockNum%2)==1 )
{
Sleep(100);
continue;
}

Huh. I've always wondered how trusted mining works. Now I know! Cheesy

Does MicroCash work the same way? Grin

CoinHunter

sr. member

Activity: 252

Merit: 251

Quote from: Foxpup on April 24, 2012, 06:18:11 AM

You can't "imply" something's open source. Either the source is available for all to see or it isn't. So which is it?

MicroCash isn't released yet so the source isn't available. SolidCoin source has been available not far from when it was released, that is what I meant it's implied open source. The project it's spawning from is, why wouldn't we assume this is also?

http://solidcoin.info/downloads.html

Foxpup

legendary

Activity: 4551

Merit: 3445

Vile Vixen and Miss Bitcointalk 2021-2023

Quote from: CoinHunter on April 24, 2012, 05:40:23 AM

Quote from: Syke on April 19, 2012, 11:43:35 AM

Why is there no mention of the source code being open source?

Because it's implied it's open source? They may even be going back to a MIT license.

You can't "imply" something's open source. Either the source is available for all to see or it isn't. So which is it?

CoinHunter

sr. member

Activity: 252

Merit: 251

Quote from: Syke on April 19, 2012, 11:43:35 AM

Why is there no mention of the source code being open source?

Because it's implied it's open source? They may even be going back to a MIT license.

CoinHunter

sr. member

Activity: 252

Merit: 251

Quote from: sd on April 24, 2012, 03:27:53 AM

Hang on - no I don't, I hope he dies in a fire.

Another reasonable poster I see.

Topic: MicroCash - New CryptoCurrency - page 5. (Read 13719 times)