Topic: SC Releases his 'white paper', hilarity ensues (Read 13187 times)
Haha, I almost (almost) feel guilty for accepting that, but it was too much fun!
Have an extra .5 BTC for cleverly adding a cleaver!
As requested, someone confused as to how to wipe their virtual ass with Solidcoins
https://i.imgur.com/6elfN.png
https://i.imgur.com/6elfN.png
I have a minor modification request. Please add a cleaver caption so that people will know what this picture is about.
1 BTC being sent to 1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym!
Updated with a cleaver caption
https://i.imgur.com/QXBs3.png
As requested, someone confused as to how to wipe their virtual ass with Solidcoins
https://i.imgur.com/6elfN.png
https://i.imgur.com/6elfN.png
I have a minor modification request. Please add a cleaver caption so that people will know what this picture is about.
1 BTC being sent to 1AeW7QK59HvEJwiyMztFH1ubWPSLLKx5ym!
Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency 
You need a virtual ass ?I will pay 1 BTC to anyone who can give me a drawing of this.
For reference, here is the last piece of art I had commissioned:
NeedyPoo's amazing rendition of RealSolid (NSFW)
As requested, someone confused as to how to wipe their virtual ass with Solidcoins
https://i.imgur.com/6elfN.png
Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency
You need a virtual ass ?I will pay 1 BTC to anyone who can give me a drawing of this.
For reference, here is the last piece of art I had commissioned:
NeedyPoo's amazing rendition of RealSolid (NSFW)
Actually, lottery based (re?)distribution seems like a fun idea.
This is what my next ScamCoin is all about mate. I will file for intellectual property theft.
Actually, lottery based (re?)distribution seems like a fun idea.
The fallacy there whether he chooses to admit it or not, is that it is 5%, the 5% comes in from the even numbered blocks and are thusly generated by the Arbiter nodes as a part of the definition of an Arbiter node.
So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.
Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.
So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.
Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.
No you are wrong and Coinhundter has already confirmed it.
There are TWO transactions in the even block.
1.6 SC from trusted nodes -> CH personal wallet
PLUS
1.6 SC minted out of thin air -> CH personal wallet
------
~3.2 SC for every even block.
Every odd block (normal) block has 32 SC.
So 10% of everything goes to Coin Hunter personal wallet.
You do know you can see the transactions in blocks w/ the client right?
Just look at any even number blocks. You will notice the amount sent to Coin Hunter isn't 1.6SC (5%) it is 3.2SC (10%) it just happens to come from two sources (half from trusted nodes & half from nothing).
I've been analyzing it for myself while I will be quoted out of context here that would appear to be the case, however I will add there is a disparity all the same, the 3.2002 coins are constant every time, the odd number payouts are rising (due to increased difficulty) with 37.5602 being the latest block reward w/ no tx fees in essence if my observation is correct, initially it was 10% to CPF but that is being reduced with difficulty and later as the base reward drops... at max difficulty with the lowest base you would be looking at 0.4 to CPF and >10-14 to miner which is greatly reduced from 10%
I'm sure if his personal cut is dropping he'll fix that bug quickly. Either that or halt the chain and then relase SC3 with even more premined coins, a higher tax and everything mined by super-nodes with random rewards given out to miners based on connection time (unless blocked by a super-node). That would totally solve the 51% problem.
From my reading, he's not spread any lies but given factual answers.
For instance:
Yes on the 10% tax. Still it doesn't matter. You paying 10% directly or inflation reducing the buying power of 1 coin by 10% does the same thing (just ask the Fed - take a look @ food prices).
The fallacy there whether he chooses to admit it or not, is that it is 5%, the 5% comes in from the even numbered blocks and are thusly generated by the Arbiter nodes as a part of the definition of an Arbiter node.
So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.
Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.
I'm not clear on your position here.
Do you agree that there is taxation/inflation going on here or are you saying that this isn't happening?
ViperJBM
You need to change you sig
Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency
You need to change you sig
Sometimes, life just gives you,well,Solidcoins, and you just have to figure how to wipe you ass with virtual currency
You need a virtual ass ?
Listen, monitoring is done by people or relatively trivial code usually. No one is going to write a neural net to monitor coinhunter's shit, he doesn't have to invent perfect obfuscation, just one good enough to confuse majority of observers.
From my reading, he's not spread any lies but given factual answers.
For instance:
Yes on the 10% tax. Still it doesn't matter. You paying 10% directly or inflation reducing the buying power of 1 coin by 10% does the same thing (just ask the Fed - take a look @ food prices).
The fallacy there whether he chooses to admit it or not, is that it is 5%, the 5% comes in from the even numbered blocks and are thusly generated by the Arbiter nodes as a part of the definition of an Arbiter node.
So while it is 5% from every block, the even and odd blocks are paired, the even blocks produce the 5% CPF tariff and the odd blocks generate to the miners.
Coinhunter can correct me if I am wrong here, but it was pretty clearly stated from what I read to be how it works.
I thought 1.6 SC is generated as CPF (not sure which block) AND the trusted nodes pays CPF 1.6 SC for each even numbered blocks. So that adds up to 3.2 SC for every 2 blocks.
Here let me draw you a diagram:
(Premined Coins) -> (Trust Nodes) -> (Wealth Transfer Mechanism of "even blocks") -> (Coin Hunter's personal wallet) -> (Spent)
Isn't that basically a money laundering diagram?
Not so much money laundering as "making your premine fund evade public scrutiny" diagram.
Basically, he learned from "how do we oversee Lolcustfund" discussions and made a scheme that would make overseeing his fund much harder.
The only way to win the game is to not play. Unlike fiat I dont have to use any *coins. The ultimate laundry is moving to a separate blockchain.
Here let me draw you a diagram:
(Premined Coins) -> (Trust Nodes) -> (Wealth Transfer Mechanism of "even blocks") -> (Coin Hunter's personal wallet) -> (Spent)
Isn't that basically a money laundering diagram?
Not so much money laundering as "making your premine fund evade public scrutiny" diagram.
Basically, he learned from "how do we oversee Lolcustfund" discussions and made a scheme that would make overseeing his fund much harder.
I can't resist, the problem of how to bootstrap a new chain in the face of massive, hostile hashing power fascinates me.
CoinHunter, what will happen to SolidCoin if, God forbid, you get hit by a bus? What are the plans for the trusted CPF wallets? Do your heirs get control of them?
And what if SolidCoin is wildly successful-- so successful that each SC is worth 1,000 euros? Will somebody still need 1 million of them (so have to be a euro billionaire) to be trusted?
CoinHunter, what will happen to SolidCoin if, God forbid, you get hit by a bus? What are the plans for the trusted CPF wallets? Do your heirs get control of them?
And what if SolidCoin is wildly successful-- so successful that each SC is worth 1,000 euros? Will somebody still need 1 million of them (so have to be a euro billionaire) to be trusted?
This is where the bilderburgers come in.
In reality, I think the market does care about how many coins the Great Leader is hiding. Due to the market is made up of people, and people have an issue with trust.
People don't have issue downloading and running binaries from internet strangers EVEN with ABSOLUTELY no legal recourse and NO SOURCE CODES in sight, for the love of everything.
"Joe Shmoe premined" is meek in comparison because binaries from internet stranger can fuck one's very personal shit up right now, not fuck up market in some possible future.
For you, it seems the market 'trusts' your intentions, at least enough. You've worked well with others, embraced an attack on GG of which helped BTC - and you seemed genuinely glad. The -only- hiccup I'm aware of is your failure to announce your laundry intentions (and premine) with TBX. AFAIK that's the only isolated incident, and is easily written off. The only consistent thing about CH is arrogance.
TBH I announced the laundry and the fund, but, regrettably not the size of the fund, an error I later corrected.
Your right that the premine itself isn't an issue. If someone wanted to create PremineCoin, launch it with a genisis block of eleventy gillion, and video tape himself burning the USB with the only private keys to the premine - no one cares. It's what is going to be done with the premine, and who are we trusting to carry out those intentions, and what (if any) history do they have of which reasonable character observations can be made inorder to come to a human-based conclusion of 'is this a good investment'. CH loses that battle.
Again, CH has personality issues on record, and people thoughtlessly run his binaries even when he blatantly refused to release source, even after SC launch.
In a more "cautious" environment, he would have got exactly zero nodes after refusal to show what the hell is inside his beast.
12 mil trust node coins are unspendable from info even doublec has stated and he is somewhat an independent observer no? So not sure how those effect inflation or deflation..... maybe on mars or something they do.
And you do apparently care enough to spread the lies further....
Do you know if they're still unspendable if transferred to CoinHunter's wallet?
DeathAndTaxes didn't say there would be inflation/deflation. That was from a question I asked but I can now see that inflation/deflation isn't an issue from his answers.
From my reading, he's not spread any lies but given factual answers.
Meanwhile, SC2 diff is still all fucked up, with no recovery in sight.
What is 'SC2 diff'?
Difficulty
Meanwhile, SC2 diff is still all fucked up, with no recovery in sight.
What is 'SC2 diff'?
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