Topic: On the Solidcoin Economic Changes - page 2. (Read 7833 times)

One of the most revolutionary feature of Bitcoin is being decentralized and taking down the nodes in one country would only have a minimal inpact in other places. Under SC, there's this inherent problem of you dying suddenly and leaving your cryptocurrency to a certain death. What do you have to make us believe in you such as to base a whole currency after you?

You already shut it down once. It will probably be the same reason as before, a broken protocol due to poor design choices.


Nobody said anything about capture and torture. Someone can just lift the keys off your computer, and *poof* your whole cryptocurrency dies. Oh, and all we have is your word that anyone other than you has control of an enforcer node. Again, it all comes back to just trusting some random dude on the internet. Bitcoin is rooted in mathematics, Solidcoin is rooted in the paranoia of a damaged mind. I prefer math.

The attacker was testing the network for a few days before gmaxwell's post. He was sending various amounts of 0.1337 and some 0.00000001 around. It was after gmaxwell's post (or very close to that time) that his spams really started to impact the network, where he would send tons of 0.00000001 in each transaction. That was when I was alerted to the problem. His previous test transactions did not catch my attention as I don't spend my spare time looking at block explorer. So by your definition, that means I'm not "on the job", huh?

CoinHunter/RealSolid, you're a sad person. I feel sorry for you.

Sure, because unlike you who doesn't pay attention to their chain this stuff interests me. I like making SolidCoin better, and even changed our max block size after seeing LiteCoin abused. Once that attack became public I looked at when it started and was surprised it was a relatively long time before it was announced, which made me realize you weren't "on the job". It's the truth right? Want to make up some more FUD ?

So it seems like you know a lot about this attack, huh? I wonder why.

Yah, you know a lot about FUD don't you. I'll have to submit to your excellent knowledge on the subject.

Can you please confirm the date between the first spam attack and that post so the proof is out there?

Where did you get this information from? You might want to double check your sources before you spread more FUD. I saw the Litecoin dust spam transactions immediately. It was very soon after gmaxwell's post.

There's no difference to rogue trust nodes than Bitcoins rogue pools or rogue miners, except a rogue SC trust node CANNOT DOUBLE SPEED. The other difference is that to be a trust node you need a lot of investment in SolidCoins, to be a pool operator you need to pay $50 a month. The current people with trust nodes have invested a lot into SolidCoin, whether time, money, development, etc.


Haha you really are bitter about how SolidCoin is more secure. Firstly why would I want to "shut down SolidCoin" ? I created it and I want it to prosper because it solves many problems facing the human species. The worst I could do is take the CPF money amounting ~130K, I cannot stop the network on my own because others operate nodes and will have to be "in on it" too. I cannot (or any other trust node) double spend because no client will accept it. SolidCoin actually is a good solution unlike Bitcoin, as it's protected against Banks and Governments just walking into a PC shop, buying 10000 GPUs and raping it.

"But they can just take out one guy"  . Firstly the keys are encrypted, the trust node ones in operation may not be but they don't know where the trust nodes are and who is running them. It's not just me. And to capture me , torture me, threaten me, to get the keys and locations is way beyond buying some hardware online. Secondly I have a layer between who they will think is "me" and the real me, I will have a small amount of time upon which I realize I am in danger and take precautions (ie get the F out of dodge). My hope is the NPO is running this risk soon instead of me though, don't get me wrong.

It is so much harder to "order a hit" and torture someone than it is to just spend fiat money they have created out of thin air and buy some GPUs/FPGA. If you can't understand that then there is nothing more to say. Keep living in your delusion where a little bit of money created out of thin air can't just collapse Bitcoin in a minute.

Yes because miners are that mobile.

Let me give you an example, SolidCoin block 180000 info was made public a week ago, and today we still have people unaware about the changes and wondering why their mining earnings are less than usual. Many miners do not check forums or "isbitcoinbeingattacked.com"

People will still be mining deepbit/whatever as it attacks for some length of time. You also won't be able to easily pinpoint which pool is attacking, deepbit could just be having some "maintenance issues" . So try proving that to someone. You must really live in some fantasy land where you think as soon as one bad block hits the network alarm bells will be going off! We know the attacker immediately! All miners will stop immediately! This sounds like 9/11 or something.

Oh and after all this goes down with one bad pool what happens? Well Bitcoin loses a lot of faith, but maybe it continues on like a zombie, just to have another pool claim the #1 throne and there we go again same problem. "But but we have p2poooool" Yeah watch that scale to about 500 clients before it bursts.

You didn't even notice LiteCoin was being "attacked" for 2 days, before criticizing the #2 cryptochain on how it's security works you should make sure your own bases are covered.

I wouldn't be that sure. There might well be a large bunch of clueless people who just mine there without really caring. If they did care they wouldn't mine in a pool which has enough power to kind of veto the network.

With all the hype, and some posts by theymos and genjix, I was under the impression that BIP16 would bring a chain split. Gmaxwell cleared that up for me, and I apologize for anything negative I might have posted.

Developer releases new version, people choose to upgrade? Is that supposed to be scary? That's how Bitcoin has been working all along.

Lets look at the two scenarios shall we?
Pool bad, people are free to leave the pool. Plus P2Pool is gaining ground so this issue is diminishing not growing.
Enforcer node bad, people are free to make forum posts about how they are trapped in a cryptocurrency controlled by one guy.


Bitcoin has a main website? Which one is it?
Several splinter groups have split off the forums and made their own place to discuss cryptocurrencies (yourself included).
Gavin can't shut down bitcoin with the alert key. He can only suggest that the network be shutdown by using the alert key. Furthermore I have just modded a bitcoin clone that completely ignores alerts. Gavin is now powerless to stop me with alerts. Welcome to free software.

So, that was pretty much a standard Coinhunter post, one composed entirely of failed assertions.

If that's the case, what's stopping anyone from employing P2SH right now by mining their own blocks?

BIP16 transactions are simply accepted as valid by old clients. They can't become isolated due to this.

LOL

Miners actually give the pools their trust when they mine on that pool. If the pool misplaces that trust, miners will leave the pool. This is similar to voting a politician into office to represent the people in a democracy. Just look at the miners that left Eligius when Luke-Jr used it to attack CoiledCoin. Granted since this wasn't an attack on Bitcoin, most of the miners didn't care and stayed with Eligius. If deepbit, or any other pool tries to attack Bitcoin, you can bet that they will lose their hashrate immediately. This is different than solidcoin, where your enforcer nodes have total control to force every miner to use your code or be left out. Pretty similar to a dictatorship if you ask me. You may have some loyal servants willing to be ruled by you, (like Kim Jong-Il: http://www.youtube.com/watch?v=pSWN6Qj98Iw) but most people on this forum don't like enforcer nodes.

Yeah it's the old tasty argument of "SolidCoin is centralized Bitcoin isn't" . Like the trust nodes in SolidCoin somehow make it sooooo much different than deepbit and btcguild controlling Bitcoin. Might as well call deepbit trust node 1 and btcguild trust node 2. Because you are trusting them to not attack Bitcoin..

Not that I'm saying deepbit or btcguild will do an attack but if you can't see Bitcoin users are TRUSTING these two pools not to then you can't argue any centralization aspect against SolidCoin with a clear conscience.

There are plenty of things in Bitcoin that are centralized that are essential to its future success. A main website, a main source, main developers, a main forum. Oh and the alert key in Bitcoin too is rather centralized is it not? Who has control of that? One person? Oh nooo King Gavin may shut down Bitcoin ... argggg Bitcoin trolls will have a field day! Oh they won't because when it comes to Bitcoin they are like blind mice following the pied piper or something.

The users choose, not the miners.

And that's what we mean by Bitcoin is decentralized. The developers have to convince miners, but the developers cannot compel anyone to do so. The miners chose.

*GASP* Gavin is becoming a troll!  Luke's BIP 16 attacks must be corrupting him.