On the Solidcoin Economic Changes - page 5.

coblee

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Creator of Litecoin. Cryptocurrency enthusiast.

Quote from: ineededausername on January 27, 2012, 03:01:11 PM

Personally, I was enjoying the powerblock lottery, and I'm sad that they're taking it away Sad

What they are taking away powerblocks? That's the only reason why I mine solidcoins! I mean what business doesn't like a lottery designed into your currency?!?

ineededausername

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bitcoin hundred-aire

Personally, I was enjoying the powerblock lottery, and I'm sad that they're taking it away Sad

no, I don't really mine solidcoin

markm

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Quote from: coblee on January 27, 2012, 02:53:07 PM

There's another thing I forgot. Now that block rewards will be 0.05-0.07 sc, it will take about a million years before any one person can get a million SC to become a trusted node. Who saw that coming?

What, SC aren't available for sale on exchanges? How many Martian BotCoins would a million SC cost, anyway? Some puny amount, presumably? Of course one could expect the cost in DeVCoins to be a thousand times higher or so, but hey, whats a few trailing zeros among developers?

-MarkM-

coblee

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Creator of Litecoin. Cryptocurrency enthusiast.

There's another thing I forgot. Now that block rewards will be 0.05-0.07 sc, it will take about a million years before any one person can get a million SC to become a trusted node. Who saw that coming?

Gavin Andresen

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Chief Scientist

(channelling my inner CoinHunter):

It is SIMPLE ECONOMICS, people!

price = function(supply,demand)

So to create more demand, just fix the price and the supply! Easy-peasy!

(ok, done, back to reality)

Come-from-Beyond

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Newbie

Quote from: coblee on January 27, 2012, 01:07:41 PM

So RealSolid changed the block rewards from 32 SC to 5 SC last time so that SolidCoin would reach dollar parity. Well, that didn't work. Let's try it again! But this time, he makes it even more drastic and changes it to 0.07 SC. If this doesn't work, I guess he will then have to change it to 0 block rewards. Then guess what... no one mines anymore and only the trusted nodes mine for coins. Hmm, reminds me of something called fiat currency.

Someone tell me again why dollar parity matters for a crypto currency that is ready for bitcoin's collapse and that will replace the dollar?

Everyone here undestands this. But great part of our community r just traders who hope to sell all solidcoins before the system collapses. Recent changes r supposed to make SC to rise in price. If this happens then traders will be happy. If this doesn't happen then traders will just wait next changes in SC economic.

PS: It seems to me that criticism of SC doesn't have any effect, does it?

coblee

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Activity: 1654

Merit: 1351

Creator of Litecoin. Cryptocurrency enthusiast.

So RealSolid changed the block rewards from 32 SC to 5 SC last time so that SolidCoin would reach dollar parity. Well, that didn't work. Let's try it again! But this time, he makes it even more drastic and changes it to 0.07 SC. If this doesn't work, I guess he will then have to change it to 0 block rewards. Then guess what... no one mines anymore and only the trusted nodes mine for coins. Hmm, reminds me of something called fiat currency.

Someone tell me again why dollar parity matters for a crypto currency that is ready for bitcoin's collapse and that will replace the dollar?

ArtForz

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Quote from: coblee on January 27, 2012, 12:49:50 PM

More SolidCoin monetary policy... nice! Horray for early adopters! Wasn't SolidCoin supposed to NOT award early adopters?

No, it's always been at war with Eurasia.

coblee

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Creator of Litecoin. Cryptocurrency enthusiast.

More SolidCoin monetary policy... nice! Horray for early adopters! Wasn't SolidCoin supposed to NOT award early adopters?

Ahimoth

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Quote from: t3a on January 27, 2012, 12:33:12 PM

For some reason this thread is locked: https://bitcointalksearch.org/topic/--61372

But I would like to point out that the vast majority of miners will stop mining when the price drops to $0.50, allowing an easy 51% attack.

Miners don't determine the price and a lack of inflation doesn't guarantee a high price.

If you are concerned about a 51% attack, then you don't know SolidCoin. Read up, or ask in #solidcoin on freenode irc how it all works.

k9quaint

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Pump return status 0.
repl>(map solidcoin dump)
nil
repl>

t3a

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For some reason this thread is locked: https://bitcointalksearch.org/topic/--61372

But I would like to point out that the vast majority of miners will stop mining when the price drops to $0.50, allowing an easy 51% attack.

Miners don't determine the price and a lack of inflation doesn't guarantee a high price.

Topic: On the Solidcoin Economic Changes - page 5. (Read 7833 times)