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Topic: SC is dead??? 0,0025$ per SC on btc-e.com - page 2. (Read 3877 times)

legendary
Activity: 1666
Merit: 1057
Marketing manager - GO MP
September 13, 2011, 05:53:44 PM
#25
 If you look at my non-enraged posts you will see I am generally a supporter of the altcoins and think they all make some (no matter how little) contribution to the community.  I DON'T think Bitcoin will be the top of the totem pole in the long run, bit I DO believe it has a long life (if this community gets less bored teenager and the leadership starts acting like leadership).
Well there is a thesis against your scenario... It could be possible that since every other crypto-concurrency is initially (lets say now to wider adaptation or failure)  valuated in bitcoin they would eventually continuously go down in value until everybody abandons it.
The reason being that bitcoin as the most mature chain has always the advantage....

That actually became somewhat a meme in cyberculture, hence the first and the last.... before bitcoin existed.
You might say we only have one internet, this might be a weak comparison but still valid, TCP/IP v4 was created and will continue to exist under ipv6. Exactly the same thing might happen with bitcoin.
member
Activity: 90
Merit: 10
September 13, 2011, 05:33:27 PM
#24
0,0063  moonco.in
0,0052 btc-e.com

it's going down to 0,0001 like I0coin

GG and RIP
member
Activity: 90
Merit: 10
September 13, 2011, 05:00:26 PM
#23
trolling troliing trolling

at that time moonco.in woke up and sc/btc went down to 0,007 (40%)
and this is just a  beginning....
member
Activity: 112
Merit: 11
Hillariously voracious
September 13, 2011, 04:46:30 PM
#22
@ johnj - now that was one hell of a touché  Grin

Not sure how you think that, I have never professed nor do I want to be a leader around here.  I am no longer capable in being unbiased with several of the idiots running rampant around the forums here.

That I can relate to, though I suggest you take everything (including posted by me) somewhat more lightheartedly.

I'm waging a little war of principle simply, the community should not be going around praising mallicious attacks on live systems, this is not how real business operates...

At this point, I feel like asking for a compensation (100 GeistGeld would do) for the discomfort inflicted via making me shoot carbonated water (which I was drinking) through my nose.

I take it you never heard of, oh I dunno, the Fabulous Sony Rootkit ? Smiley
I know in the company I work for if we attacked our customers live systems they wouldn't do business with us anymore.

Well, good to know that, though technically, it is somewhat hard to draw a direct parallel due to apparent lack of customers in case of parties carrying out the acts in question.

  Secondly, who was the "queen bee" that said thou shalt only have bitcoin and no others, that is narrow minded and incredulous. 

I made no such claim, though I do understand that other parties have, and might even believe that strange idea.
Bitcoin could learn a lot more by having several functioning live systems which are testing different operating parameters and economic models than allowing them to be attacked into the ground.

Well, that's the reason why I created GG (that, and the dream of running my very own "quasi-pseudo-kindasorta money laundering setup" on the internet), though I don't believe one could seriously hope to take the "attacks" out of the equation.

Consider this - attack on GeistGeld has granted the community a straightforward way to trump various "timetraveller invasions" before a more dramatic application of "timetravell" has emerged. In the end, a net gain has resulted.

  And lastly the unfounded attacks on people that are actually out there "doing" something productive with their time.

If you want people to attack Geist Geld day in and day out, fine whatever, go get your jollies off on it, I don't care, just warn your users that your coin is an attackers play toy so they can take precautions if they want to take part.

Um,  do you honestly think that I could discourage the attacks by making a condemnatory statement, or  my immense force of will ? Smiley
full member
Activity: 154
Merit: 100
September 13, 2011, 02:51:12 PM
#21
@ johnj - now that was one hell of a touché  Grin

...several of the idiots running rampant around the forums here.

I'm waging a little war..

So, are you part the "toxic community" you were referring to?

Hey guy, I get it.  Everyone went nuts on CH for being a douche last week.  No one cares anymore - everyone has already calmed down. So now it's your turn.
hero member
Activity: 980
Merit: 506
September 13, 2011, 02:34:45 PM
#20
Can any of you explain how is this network really getting shut down and what really happens when it gets restarted.
What if 2+ miners keep the rigs running and people do not download hes "new and improved" client?
 



FORK
member
Activity: 112
Merit: 11
Hillariously voracious
September 13, 2011, 02:06:54 PM
#19
@ johnj - now that was one hell of a touché  Grin

@Joules

since when did "hackers" become antithesis of bitcoin ?

Did I miss the meeting where the Grand Hivemind Queen of All Bitcoins excommunicated them ?  Roll Eyes
full member
Activity: 154
Merit: 100
September 13, 2011, 12:30:34 PM
#18
Aww c'mon BTCExpress your just mad because doubleC didn't bend over and let you do him from behind.

Why not instead of making posts like this you take some adult leadership initiative and start cleaning up the toxic community that you are allowing to fester out here?
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
September 13, 2011, 12:07:09 PM
#17
Can any of you explain how is this network really getting shut down and what really happens when it gets restarted.
What if 2+ miners keep the rigs running and people do not download hes "new and improved" client?

The existing network is likely going to be hacked and toyed with , anyone wanting to trust their coins after block 35250 will be basically doing it with a prayer. Smiley

The reason people will download the new client is because it wan't be vulnerable to these hacks inherent in bitcoin.

So what you are saying is you are going to fork the current chain, add some new rules etc and then convert somehow all pre 35250 coins to your new chain?
You mentioned your hidden kill switch Update: It's just a version update message "switch" and can be disabled.


Quote
(from http://solidcointalk.org/topic/211-solidcoin-shutting-down-at-block-35250/page__view__findpost__p__1422)

Lead developer of SolidCoin client writes:
Sorry, I wasn't offended by your post.... if it comes across that way then it's a mistake! Smiley There is a kill switch in the code but I disabled it for SolidCoin (perhaps I shouldn't have now Smiley ) . The target stop date had to be relatively soon to stop the potential for hackers to derail it before that time. But I wanted to give people warning so that they could make a decision before it closed.

Who is going to trust your new fork after tricks like that?
full member
Activity: 154
Merit: 100
September 13, 2011, 12:03:44 PM
#16
why would I want anything to do with your coin when you let hackers hack your shit and download blocks to theri hearts content and an artificially low difficulty?


Did you read what GG was, or just in flaimin-ragin mode?


Geist Geld is an experimental currency intended to test out the limits of block generation rate empirically, as well as (assuming it does not die due to overly rapid block generation rate) the behavior of a cryptocurrency with (almost) stable generation rate and no upper limit or alteration to supply.

legendary
Activity: 1526
Merit: 1002
Waves | 3PHMaGNeTJfqFfD4xuctgKdoxLX188QM8na
September 13, 2011, 12:02:23 PM
#15
[coinhunter_emulation=1]

Geist Geld is the new black!

It's more solid than solidcoin, because it has:

1) Even f4ster blocks! No blocks are faster then our fast blocks! Actually true - blocks are faster in GG

2) Even more secure, VITAL SECURITY HOLES PLUMBED AND PLUGGED !1! (actually, that is a fact, since GG is the first chain to fix a hole that allows a sufficiently massive attacker to "send blocks into the past" thus screwing with retargeting algorithms, though I can't claim credit for the discovery or the fix - all the credit goes to Art )

3) Both pool-friendly and pool-safe, which is at least twice more best than merely pool-safe (has no questionable asymetric retargets, but, thanks to very fast blocks, quickly recovers from even major swings in difficulty due to big boys arriving and leaving)

4) Allows for escrow transactions out-of-the-box! (It really does)

5) Has NTP that is at least bilionteen times better than that seen in i0coin ! (Fact)

[coinhunter_emulation=0]


Haha, this actually made me laugh

More importantly, every statement can be demonstrated to be generally true Smiley

why would I want anything to do with your coin when you let hackers hack your shit and download blocks to theri hearts content and an artificially low difficulty?

and you also claim to not know shit about developing and were begging for developers.  I'm not trying to attack you, I want answers? Why would I want to touch geist geld? You dont even have an exchange and people who are antithesis to the entire bitcoin idea, namely hackers, hold the most coins. If you want people to take you seriously, you will have to relaunch, cause very little people will take you seriously after visiting the geist geld thread. No i havent read the whole thing but I got far enough to know I dont trust your coin right now.


He did relaunch.
sr. member
Activity: 476
Merit: 250
moOo
September 13, 2011, 12:00:40 PM
#14
[coinhunter_emulation=1]

Geist Geld is the new black!

It's more solid than solidcoin, because it has:

1) Even f4ster blocks! No blocks are faster then our fast blocks! Actually true - blocks are faster in GG

2) Even more secure, VITAL SECURITY HOLES PLUMBED AND PLUGGED !1! (actually, that is a fact, since GG is the first chain to fix a hole that allows a sufficiently massive attacker to "send blocks into the past" thus screwing with retargeting algorithms, though I can't claim credit for the discovery or the fix - all the credit goes to Art )

3) Both pool-friendly and pool-safe, which is at least twice more best than merely pool-safe (has no questionable asymetric retargets, but, thanks to very fast blocks, quickly recovers from even major swings in difficulty due to big boys arriving and leaving)

4) Allows for escrow transactions out-of-the-box! (It really does)

5) Has NTP that is at least bilionteen times better than that seen in i0coin ! (Fact)

[coinhunter_emulation=0]


Haha, this actually made me laugh

More importantly, every statement can be demonstrated to be generally true Smiley

why would I want anything to do with your coin when you let hackers hack your shit and download blocks to theri hearts content and an artificially low difficulty?

and you also claim to not know shit about developing and were begging for developers.  I'm not trying to attack you, I want answers? Why would I want to touch geist geld? You dont even have an exchange and people who are antithesis to the entire bitcoin idea, namely hackers, hold the most coins. If you want people to take you seriously, you will have to relaunch, cause very little people will take you seriously after visiting the geist geld thread. No i havent read the whole thing but I got far enough to know I dont trust your coin right now.
member
Activity: 112
Merit: 11
Hillariously voracious
September 13, 2011, 11:03:52 AM
#13
[coinhunter_emulation=1]

Geist Geld is the new black!

It's more solid than solidcoin, because it has:

1) Even f4ster blocks! No blocks are faster then our fast blocks! Actually true - blocks are faster in GG

2) Even more secure, VITAL SECURITY HOLES PLUMBED AND PLUGGED !1! (actually, that is a fact, since GG is the first chain to fix a hole that allows a sufficiently massive attacker to "send blocks into the past" thus screwing with retargeting algorithms, though I can't claim credit for the discovery or the fix - all the credit goes to Art )

3) Both pool-friendly and pool-safe, which is at least twice more best than merely pool-safe (has no questionable asymetric retargets, but, thanks to very fast blocks, quickly recovers from even major swings in difficulty due to big boys arriving and leaving)

4) Allows for escrow transactions out-of-the-box! (It really does)

5) Has NTP that is at least bilionteen times better than that seen in i0coin ! (Fact)

[coinhunter_emulation=0]


Haha, this actually made me laugh

More importantly, every statement can be demonstrated to be generally true Smiley
sr. member
Activity: 252
Merit: 251
September 13, 2011, 10:55:07 AM
#12
Can any of you explain how is this network really getting shut down and what really happens when it gets restarted.
What if 2+ miners keep the rigs running and people do not download hes "new and improved" client?

The existing network is likely going to be hacked and toyed with , anyone wanting to trust their coins after block 35250 will be basically doing it with a prayer. Smiley

The reason people will download the new client is because it wan't be vulnerable to these hacks inherent in bitcoin.
legendary
Activity: 910
Merit: 1000
Quality Printing Services by Federal Reserve Bank
September 13, 2011, 10:51:16 AM
#11
Can any of you explain how is this network really getting shut down and what really happens when it gets restarted.
What if 2+ miners keep the rigs running and people do not download hes "new and improved" client?
 

sr. member
Activity: 252
Merit: 251
September 13, 2011, 10:39:03 AM
#10
If anyone is having trouble selling their SolidCoins the irc channel is buying them at fairly decent prices.
hero member
Activity: 756
Merit: 500
September 13, 2011, 10:33:02 AM
#9
Two weeks is a long time but at least they promise a more robust architecture after this.
full member
Activity: 154
Merit: 100
September 13, 2011, 10:23:49 AM
#8
All without firing a single GHash in anger either. Do note that the 'solid'coin network has also lost about 1/3 of its hashing power since that news broke. Shows just how soft it really is.

All Skynet has to do is merely threaten a network for it to collapse. Although I am sure they can bring the pain as promised, it is still interesting the mere threat can do this much damage.

I don't think it was -just- the threat, I think it was just the (large) straw that broke the camels back, as far as confidence goes. There have been far too many ups and downs in SC's short life, I think people are tired of the roller-coaster.
full member
Activity: 153
Merit: 100
September 13, 2011, 10:15:03 AM
#7
All without firing a single GHash in anger either. Do note that the 'solid'coin network has also lost about 1/3 of its hashing power since that news broke. Shows just how soft it really is.

All Skynet has to do is merely threaten a network for it to collapse. Although I am sure they can bring the pain as promised, it is still interesting the mere threat can do this much damage.
member
Activity: 90
Merit: 10
September 13, 2011, 10:14:50 AM
#6
i am pretty sure that 2 weeks is a long long  time in cryptocurrency nowdays..

it's possible nobody will remember solid after this break.
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