i read here that SolidCoin has issues. i just found out about LiteCoin recently (maybe a week ago). i thot it was a cool idea too. and i fell for the "all the other bitcoin alternatives are flops" lie too... till i looked into it.
here's the bottom line: lots more people are mining SolidCoin than LiteCoin, as far as i can tell. LOTS. do you have evidence that LiteCoin is more popular? i read up on the SolidCoin forums because i like to read about the "underdog". but my findings seem to indicate that LiteCoin is more likely the culprit here. LiteCoin being designed from the beginning to have "GPU hostile" and "CPU friendly" mining. and it turns out that the benefits to mine LiteCoin by GPU to mining by CPU are GREATER for LiteCoin than that same ratio is for BitCoin. basically, the very claim to make LiteCoin CPU friendly ends up being the exact opposite: LiteCoin is more GPU friendly than it is CPU friendly! it is true that whether the originator had honest intention or malicious intention with this is speculation. but here's the bottom line: if it was malicious intention then he's a con and i don't want to follow a cheater and deceiver by using his LiteCoin alternative. and if he had honest intention, then LiteCoin is a failure to deliver what it was intended to deliver. either way: it's a flop. but hey, we all should know that all these crypto-currencies are high risk to begin with, so we should not be too surprised.
the hashing pools are where the evidence really is. far less hashes for LiteCoin. and SolidCoin was ranked #2 is how many hashes were being performed. so it seems to me that Solid Coin is the trump over LiteCoin. plus SolidCoin claims to have overcome weaknesses in the BitCoin system too: the 51% takeover, which has been used against other bitcoin alternatives. it seems to me that SolidCoin is kicking butt! but that's just what i gather.
and for bashers: please don't bash me. i'm not bashing others. i'm not bashing *people*. i'm only saying that from what i find, a lot of claims are flaky, and from this new person to take a fair look at both LiteCoin and SolidCoin for just about 1-3 days now, it appears to me that LiteCoin has a pretty high chance of deceptive intentions, but if it's not, then it failed at its #1 goal, to be CPU friendly. and that bashing SolidCoin is just foolish.
but i think "SolidCoin" is a rather lame name, myself. but apart from the "look at me, I'm solid" tout that SolidCoin has, i still give it a fair look. so i ask you SolidCoin haters: why is it bad? what is really wrong with it? i mean, fairly. please talk me out of SolidCoin. i'm asking you to keep me from such a mistake.. if it is a mistake to run with SolidCoin
i know popularity does not mean good. i mean, look at Mt. Gox. it got hacked and it is still the most popular BTC exchange site in the bitcoin world. i don't understand people. and it claims to be secure. *rolling my eyes* but it has nice features. i'd be stupid to not look at the big picture and find why people still use it. it does have more features than other exchanges that i find. but i mention Mt. Gox to only show that popularity means nothing.
and my findings show me that SolidCoin is the 2nd most popular BitCoin alternative with BitCoin holding in as top most popular. so what is really wrong with SolidCoin? i have yet to understand this. and apparently, the mass of users too.
