SC block reward screwed with again - cryptolottery

johnj

full member

Activity: 154

Merit: 100

Quote from: Mushroomized on October 30, 2011, 04:32:19 PM

Quote from: DeathAndTaxes on October 30, 2011, 10:36:51 AM

Quote from: Mushroomized on October 29, 2011, 02:04:37 PM

How could this be illegal, solidcoin, like bitcoin is a crypto-currency, and it doesn't fall under any laws..

LOLZ. Yup no possible law can apply to crypto-currencies. They are magical.

They are protected by magical installation wizards

This isn't the same 'Mush' or 'Mushroomized', mod of SCtalk is it? I noticed a 'Mushroomized' in BTC-E chat who made a post as 'Mush' over there.

makomk

hero member

Activity: 686

Merit: 564

Quote from: johnj on October 29, 2011, 02:01:59 PM

Again the whole legality of the thing isn't really the issue (I'm still unsure of it though), but the constant manipulating the block reward is certainly an issue for those mining.

Not to mention for pools. If they don't upgrade to the latest beta in time, they'll find all their mining effort is in vain as soon as the first power block is mined. I think from what I've heard that's going to give them a window of under 24 hours to do the upgrade in total. PPS pools are likely to be particularly at risk.

Mushroomized

legendary

Activity: 1470

Merit: 1002

Hello!

Quote from: DeathAndTaxes on October 30, 2011, 10:36:51 AM

Quote from: Mushroomized on October 29, 2011, 02:04:37 PM

How could this be illegal, solidcoin, like bitcoin is a crypto-currency, and it doesn't fall under any laws..

LOLZ. Yup no possible law can apply to crypto-currencies. They are magical.

They are protected by magical installation wizards

localhost

sr. member

Activity: 392

Merit: 250

Quote from: johnj on October 29, 2011, 04:06:28 AM

Please, if you're mining SC, be fully aware that it's officially just a game.

Hurray, we now know what the next crazy wacky update will be. I was getting worried, long time without yet another stupid update. Grin

LoupGaroux

sr. member

Activity: 574

Merit: 250

If there is anybody else involved in the management/development of sc, they should really, seriously be studying up on how to declare Dear Leader incompetent and try to wrestle control of that ship away from the bizarre delusional course it is on. That madman can't even hold his own line of insanity together for ten irc lines in a row!

Open/Not Open
32 Blocks/5 Blocks
Super Secure/Buggier than a ghetto apartment
The Second Coming of Crypto/The Arrogant Bastard of Flame War Central
Absolutely above board and transparent/Lotteries that are not subject to mortal law
1.3 million/12 million pre-mines
Unspendable Pre-mines/Pre-mines that can be spent when 1 person decides the supply needs it
Community Improvement Board to be named later/Trusted cabal of Secret Friends who are gifted millions

FFS, pick one personality Sybil and stick with it. You are killing your coin with this schizo nonsense. Hand the reins over to somebody else and take a nice long vacation, get your act together and take up a new hobby.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: FlipPro on October 29, 2011, 02:50:19 PM

SC will be opensource soon enough. And then everyone better STFU, for atleast two weeks.

You honestly believe that. Source code was promised "soon" from day 1.

DeathAndTaxes

donator

Activity: 1218

Merit: 1079

Gerald Davis

Quote from: Mushroomized on October 29, 2011, 02:04:37 PM

How could this be illegal, solidcoin, like bitcoin is a crypto-currency, and it doesn't fall under any laws..

LOLZ. Yup no possible law can apply to crypto-currencies. They are magical.

Bobnova

full member

Activity: 210

Merit: 100

The source has been about to be released, or released very soon, since the thing was launched.
Not exactly promising.

FlipPro

legendary

Activity: 1764

Merit: 1015

Quote from: johnj on October 29, 2011, 02:18:28 PM

Quote from: Mushroomized on October 29, 2011, 02:04:37 PM

How could this be illegal, solidcoin, like bitcoin is a crypto-currency, and it doesn't fall under any laws..

"A game of chance is a game whose outcome is strongly influenced by some randomizing device, and upon which contestants may or may not wager money or anything of monetary value. Common devices used include dice, spinning tops, playing cards, roulette wheels or numbered balls drawn from a container.

Any game of chance that involves anything of monetary value is gambling." <--- That's where the PowerBlock may get sketchy. RS even describes it as just that.

Also, just because Bitcoin doesn't violate any current laws, doesn't mean that all cryptocurrencies by default don't. It depends on how they're designed - their use of cryptography is irrelevent. I'm pretty sure Gavin was sweatin when he got called in by big brother - and Bitcoin is open source, doesn't have anything to hide. SC is a whole other game.

SC will be opensource soon enough. And then everyone better STFU, for atleast two weeks.

Including me..

johnj

full member

Activity: 154

Merit: 100

Quote from: Mushroomized on October 29, 2011, 02:04:37 PM

How could this be illegal, solidcoin, like bitcoin is a crypto-currency, and it doesn't fall under any laws..

"A game of chance is a game whose outcome is strongly influenced by some randomizing device, and upon which contestants may or may not wager money or anything of monetary value. Common devices used include dice, spinning tops, playing cards, roulette wheels or numbered balls drawn from a container.

Any game of chance that involves anything of monetary value is gambling." <--- That's where the PowerBlock may get sketchy. RS even describes it as just that.

Also, just because Bitcoin doesn't violate any current laws, doesn't mean that all cryptocurrencies by default don't. It depends on how they're designed - their use of cryptography is irrelevent. I'm pretty sure Gavin was sweatin when he got called in by big brother - and Bitcoin is open source, doesn't have anything to hide. SC is a whole other game.

Mushroomized

legendary

Activity: 1470

Merit: 1002

Hello!

How could this be illegal, solidcoin, like bitcoin is a crypto-currency, and it doesn't fall under any laws..

johnj

full member

Activity: 154

Merit: 100

Quote from: forsetifox on October 29, 2011, 01:47:05 PM

Was this part of the "power block" discussion I missed? When I asked last night the power block was 5 extra SC on top of the 5 already and it was every 50 blocks. Pretty sure a consistant bonus reward doesn't count as a lottery.

He may of told you it was a consistent extra 5 every 50, but above he says it's a random chance (1 in 32).

Again the whole legality of the thing isn't really the issue (I'm still unsure of it though), but the constant manipulating the block reward is certainly an issue for those mining. And god forbid those poor saps who still think SC is -ever- going to be adopted. SC1 had a chance. SC2 -may- have had a chance even with the centralization. But the 13m+ premined with block subsidies being cut down to a fraction on top of lost transactions along with 'powerblocks' and the whole thing is a joke.

forsetifox

sr. member

Activity: 266

Merit: 250

Was this part of the "power block" discussion I missed? When I asked last night the power block was 5 extra SC on top of the 5 already and it was every 50 blocks. Pretty sure a consistant bonus reward doesn't count as a lottery.

panerai

member

Activity: 84

Merit: 10

its not hard to see these guys are all a mess. at this point I don't think it's even necessary for the 'trolls' to continue, they're making a bad name for themselves, no help needed.

johnj

full member

Activity: 154

Merit: 100

Please, if you're mining SC, be fully aware that it's officially just a game.

Edit:

Topic: SC block reward screwed with again - cryptolottery (Read 1923 times)