Topic: SC Releases his 'white paper', hilarity ensues - page 7. (Read 13187 times)

Do you sign off every SolidCoin message with "it's a scam" . Haha.

10 accounts were created with 1.2 million. That's 12 million total generated. However once those accounts go under 1 million they can no longer be used, so it's like a "dead one million" until life is brought back into them (donations, cpf, or whatever).

Some people take a while to develop trust in something, it's why I don't mind that you think it's a scam johnj . But you'll be made out the fool as the weeks/months/years go on and everyone else is jumping onboard whilst you sit there on your "I still think it's a scam" pedestal. You have too much ego involved in this decision, and you won't back down on it now I'm guessing.

The type of personality you and a few others have here is quite stubborn in nature, mistrust of others combined with a false sense of pride. I don't expect you to stop educating people about your beliefs but yeah, hopefully you'll do it in a better manner going forward and not have to rely on lies and whatnot to pass on your beliefs.

Well there's a few obvious questions that spring to mind from it:

1.  How does the network "know" that a node has more than 1 million SCs in a wallet?  Are all generated blocks somehow signed with the address of the largest wallet you own?
2.  How are these wallets with the 1 million coins not able to be used for transactions?  Are we suppsoed to just take SC's word for it - or is there some special functionailty about those accounts?
3.  With any reasonable answers to the above two questions it seems likely to me that the same could have been achieved without pre-genning the 1 mill coins in the wallet.  IF those 'special' accounts ARE somehow different to normal ones then surely the test could be that EITHER the node must hold 1 million coins OR it must own one of the special wallets (without them needing to actually hold 1 million coins).

Doubt we'll get straight answers to the above - but:

A.  If the answer to 2 is "we have to take his word" then obviously his white-paper is intentionally misleading due to him claiming the money "can't" be used rather than that he "won't" use it.
B.  If the answer to 2 is that those accounts are in some way different to other accounts then obviously it follows that there was no need to generate the coins - the special 'status' of those accounts could have been detected instead.  And any such special status HAS to be detectable - or the network wouldn't be able to tell to disallow any attempts to use the content of them.

If he's either lied about the status of those accounts OR has generated millions of coins where there's no reason to (unles he wants to pump and dump with them ofc) then seems like it's just a get rich quick scheme at the exense of anyone gullible enough to buy SC2s (though I find it hard to have any sympathy for anyone that stupid).

He probably already has half a mil. I can't wait when he becomes a "trusted" node. But CoinHunter probably has code in there that says a million coin owner only becomes trusted when he (CoinHunter) says so.

Looking forward to the source code...

I'm not even sure what you are arguing here...

The OWS movement isn't 'anti bank'.  It's anti-government-aided-corporate-corruption.  And any 'system' talked about has to do with government - how in the heck is SC an attempt to 'defeat the current system'?

"without so much emphasis on greed"... SC 2.0 is focused on greed.  13m premined, 12m distributed to your 'best friends', of which you eventually gain sole control over all the premined?

This is a scam, with your personal greed as the engine.

Looking forward to the source code...

Exactly. Anyone who believes BTC is decentralized is an idiot. Gavin, MtGox, Deepbit, "the manipulator" etc. pull all the shots in this closed system.

Hey BitcoinExpress, have you heard?
Make this EC2 farm run a bit longer until you are sure you collected 1.2M+ coins, and the whole network will be relying entirely on your good will.
No need to attack it. Isn't it sweet?

Let's make a cartel of coin holders, and use our power to double spend at will.

Well I understand your view. However being "anti bank" and "anti system" my hope is that similar people rise to power within the SC network. Not the traditional "rich types" if you know what I mean. Since we are starting fresh and most people with money couldn't care less right now we have a good chance of that happening I think. You have people who can create SolidCoin businesses and compete with the bigger businesses who are afraid of such things.

I want SolidCoin to defeat the current system, destroy the banks, and have something that everyone can use rather cheaply around the world. Mixed with something like precious metals for currency when "real life" doesn't have the internet.

The ideal people who rise to power and have the most SC will hopefully be those type of people too, and hopefully the world may become a better place to live without so much emphasis on greed.

Well I understand your view. However being "anti bank" and "anti system" my hope is that similar people rise to power within the SC network. Not the traditional "rich types" if you know what I mean. Since we are starting fresh and most people with money couldn't care less right now we have a good chance of that happening I think. You have people who can create SolidCoin businesses and compete with the bigger businesses who are afraid of such things.

I want SolidCoin to defeat the current system, destroy the banks, and have something that everyone can use rather cheaply around the world. Mixed with something like precious metals for currency when "real life" doesn't have the internet.

The ideal people who rise to power and have the most SC will hopefully be those type of people too, and hopefully the world may become a better place to live without so much emphasis on greed.

This is correct, think of trusted nodes spending money to protect their investment, just like rich people do in real life with safes, etc.

Furthermore it's not like deepbit makes "that much money" doing what they do, they take a small percentage and give most to its users. There is certainly more in it for them in the medium term to take millions of dollars.

Yes, you think... The goons also THINK! Now, which one thinks the right thing, care to say?

Why do you think that is? Maybe because we actually think solidcoin IS a scam and bitcoin is not.

I just find amusing that almost nobody liked when the goons came to tell us that bitcoin is a big scam, and now we have this...

The owner of deepbit makes a lot of money each day if he does not cheat the system. If he cheats the system, he might make a lot of money at once. So would he kill his golden goose?

And CoinHunter, you are using the same logic to bootstrap SC2, where million sc owners have incentives to behave. So you can't go and attack deepbit. You can't have the cake and eat it too. So which is it?

Isn't the whole argument for SC 2.0's trust model that those with significant investment will not misbehave? Operating the largest mining pool seems like a more significant investment than being handed a 1.2 million SC wallet...

Which makes this a very ironic statement. Since at this very moment, people are camping in the streets protesting the anonymous rich! I dare you to go down to wall street and tell everyone, "Those with the most money should be in charge of your security!"

And in the meantime you are expecting the guy not to misbehave... And take action when he does misbehave lol

yet, here you are, giving the benefit of the doubt to deepbit but not to coinhunter lol

oops, there went your argument... fool

And in the meantime you are expecting the guy not to misbehave... And take action when he does misbehave lol

yet, here you are, giving the benefit of the doubt to deepbit but not to coinhunter lol

oops, there went your argument... fool