HE HOLDS KEYS TO INFINITY IN HIS GRASSSSSSP!
P.S.: Not really. Typical bitcoin-like design cannot into more that 130-something billions of coins, so no infinity for him, for now.
Topic: SolidCoin v2.0 features new hashing algorithm, faster on CPUs (Read 12200 times)
Yup.
HE HOLDS KEYS TO INFINITY IN HIS GRASSSSSSP!
P.S.: Not really. Typical bitcoin-like design cannot into more that 130-something billions of coins, so no infinity for him, for now.
HE HOLDS KEYS TO INFINITY IN HIS GRASSSSSSP!
P.S.: Not really. Typical bitcoin-like design cannot into more that 130-something billions of coins, so no infinity for him, for now.
September 28, 2011, 11:31:22 AM
ahh yeah, I guess the tax system with scamcoin 2 does create (in theory) an infinite amount of coins at the miners expense.
September 28, 2011, 11:22:21 AM
And what's the difference between 1m premined w/tax vs 7m premined w/o tax?
1) 7 mil premined with out tax is premined by using the premining person's electricity, which is paid for by preminer's fiat moneys
2) The pseudo-tax system relies on electricity not paid for by CH's fiat moneys to generate the blocks the part of which contributes to "Sovereign Bonds" protecshun scheme.
No matter what clever verbiage and accounting metaphors one uses, it is essentially mining your coins on other people's hardware and electricity.
3) 7 Mils occupy 1 block in the chain. Protecshun scheme cuts itself a happy transaction in every single block, forever.
4) Relative hypothetical influence of 7 mil Superfund will slowly fade away as coinbase grows, assuming no spending at all
Relative hypothetical influence of "protecshun scheme" fund remains static relative to overall base (since it is a fixed cut out of every miner at every block), assuming no spending at all
Tell what you want about CH, but you have to admit that there is a lot of difference (I especially like the "remains static in relation to coin mass, forever" part, but the "coins are generated by other people and given to CH" is nice too. Cuts down on electricity bill. CH's electricity bill.)
September 28, 2011, 11:11:28 AM
I certainly don't trust Lolcust as far as I can throw him. Pre-mining 7 million coins and keeping them all for himself is an obvious attempt to get rich and get out, much like ixcoin and iocoin were
Unlike the "Sovereign bonds" mined with other people's electricity, which are certainly not being kept to oneself (that is, aren't under control of a single person) amrite? There is a crypto-secure voting of all the miners in place, like a kind of democratic internet state, amrite ?
Nope, just a "coinage Superfund" not unlike mine, only mined on other people's hardware and scaling up as amount of miners grows (and as necessity for further "protecshun expenditures" diminishes). Of all the people, you, as a "sovereign bond intertube pseudo-state" supporter, should refrain from throwing stones (or bricks) due to your glass house being exceptionally thin
"It doesn't affect the economy if I never sell them!!!"
Do you claim existence of magical action at a distance ?
September 28, 2011, 11:11:19 AM
I certainly don't trust Lolcust as far as I can throw him. Pre-mining 7 million coins and keeping them all for himself is an obvious attempt to get rich and get out, much like ixcoin and iocoin were.
"It doesn't affect the economy if I never sell them!!!"
What a joke.
"It doesn't affect the economy if I never sell them!!!"
What a joke.
Whaaa? I0 coin didn't have any premined mines.
And what's the difference between 1m premined w/tax vs 7m premined w/o tax? Hell, at least Lolcust did miners the courtesy of getting all his upfront.
Hey I'm even on the fence about the 7m premined thing, but I find it laughable that all the SC supporters are coming out of the woodwork to gnaw at Lolcust.
... I think CH is jealous.
September 28, 2011, 11:04:39 AM
I certainly don't trust Lolcust as far as I can throw him. Pre-mining 7 million coins and keeping them all for himself is an obvious attempt to get rich and get out, much like ixcoin and iocoin were.
"It doesn't affect the economy if I never sell them!!!"
What a joke.
"It doesn't affect the economy if I never sell them!!!"
What a joke.
September 28, 2011, 10:16:53 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
lol that was the last straw for me. u just derped all over ur own herp and i frankly have had enough of it.
p.s. u call urself someone who can resolve disputes but with with u just said u most certainly don't fit the job as someone who sees all the different sides of the things.
p.s.s. bitcoin devs are pro.
oh I almost forgot. What about all of their premined 7mill coins in both the chains he released. herpdederp
Tenebrix / gg will die do to those premined coins, whether he claims that they will be used for a money laundering fund or not.
Yawn.
Issue is settled in a democratic way and a significant portion of fund will be used to feed a Faucet service to alleviate first-adopter issue.
Also, mr. Laundry man, markets deal only with entities involved in economic activity, not entities in existence, so as long as I do not sell off, whether I have a million or a billion coinsez is absolutely irrelevant as far as the overall market behavior is concerned (Unless you believe markets to be optimum-decision magical unicorns, in which case we should see severe price declines in Veblen goods which are subject to strong cartel effects (or perhaps even nonexistence of such a category as Veblen goods altogether). Which we do not see. So much for unicorns
)Besides, at the very least my humble fund was created by my very own electricity, while a certain other coin is intended to give its creator a Superfund of dramatic proportions while not even having him mine a single block
While the ethics of my design decision are of course open to debate, the alternative design, which you seem to support, is going to be even less fair and far more, might I say, inhumane and bizarre.
September 28, 2011, 09:47:44 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
lol that was the last straw for me. u just derped all over ur own herp and i frankly have had enough of it.
p.s. u call urself someone who can resolve disputes but with with u just said u most certainly don't fit the job as someone who sees all the different sides of the things.
p.s.s. bitcoin devs are pro.
oh I almost forgot. What about all of their premined 7mill coins in both the chains he released. herpdederp
Tenebrix / gg will die do to those premined coins, whether he claims that they will be used for a money laundering fund or not.
September 26, 2011, 11:32:48 AM
Actually, I am pretty impressed. And I'm hard to impress. Tenebrix is the first alternative cyptocurrency that I believe has the right mix of innovation, conformity with the safety mechanisms of Bitcoin, and leadership. The future of crypocurrency is bright indeed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
Excuse me Maged, KGB has seized my hardware sarcasm detector, and software implementation is kinda meh.
Are you being sarcastic ?
Well, Geist Geld so far has not destroyed itself (despite a turbulent beginning that has lead to discovery of no less than two exploits in "typical bitcoin implementation") and is feeling nice (It would benefit a lot from some more coder love though, as there is an upper limit as to a given graphic designer's C-ing ability)
But I am very pleased with your kind assessment of Tenebrix, thank you.
September 26, 2011, 11:29:16 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
lol that was the last straw for me. u just derped all over ur own herp and i frankly have had enough of it.
p.s. u call urself someone who can resolve disputes but with with u just said u most certainly don't fit the job as someone who sees all the different sides of the things.
p.s.s. bitcoin devs are pro.
September 26, 2011, 11:28:57 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
Excuse me Maged, KGB has seized my hardware sarcasm detector, and software implementation is kinda meh.
Are you being sarcastic ?
September 26, 2011, 11:22:01 AM
only one point from a "normal" W7-user:
SC2.0 is an outstanding user friendly software:
downloading, installing, hashing and "earning" (testwise)
Tenebrix is just the opposite:
download, read something about installing...
it's like a construction manual from IKEA - sometimes it works...
erase that software is what a "normal" user does...
SC2.0 is an outstanding user friendly software:
downloading, installing, hashing and "earning" (testwise)
Tenebrix is just the opposite:
download, read something about installing...
it's like a construction manual from IKEA - sometimes it works...
erase that software is what a "normal" user does...
Well, Tenebrix was born pretty impulsively out of discussion on IRC.
Having said that, as a windows 7 user to a windows 7 user, which part of the "portable windows bundle" is the most confusing, the mining part ?
Actually that was pretty smart of them, IMHO
We shall see... The company hardly seems reputable or established, and apart from a high margin shopping site and a questionable overpriced way to buy bullion all of their "Killer apps" are "coming soon"... I predict it will fold fairly quickly.
It is still a company and not a quasi-State construct fueled by "pseudo-taxes" and existing in a medium that is quite hostile to State-like structures.
Having said that, I am not personally opposed to the Solidcoin experiment, just not optimistic as to eventual fate of quasi-States made from sheer Internet, arcane mathematications, and a very special form of "leadership driven" outlook (I do tend to pull its leg on occasion, but as you might easily observe, I try to remain civil and fairly lighthearted in these exchanges of opinions
)Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
Excuse me Maged, KGB has seized my hardware sarcasm detector, and software implementation is kinda meh.
Are you being sarcastic ?
September 26, 2011, 10:56:03 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
I feel that the Soildcoin developers could get quite close to Tenebrix in version 2, but without that leadership and knowledge, they will inevitably fail.
September 26, 2011, 10:46:33 AM
Actually that was pretty smart of them, IMHO
We shall see... The company hardly seems reputable or established, and apart from a high margin shopping site and a questionable overpriced way to buy bullion all of their "Killer apps" are "coming soon"... I predict it will fold fairly quickly.
Are we still talking about TruCoin? That sounds a lot like SC to me.
*Not reputable
*Not established
*"Coming Soon" all over the place
*Will fold fairly quickly (oh wait it already has)
Toe-may-toe, toe-mah-toe.
September 26, 2011, 10:32:44 AM
Actually that was pretty smart of them, IMHO
We shall see... The company hardly seems reputable or established, and apart from a high margin shopping site and a questionable overpriced way to buy bullion all of their "Killer apps" are "coming soon"... I predict it will fold fairly quickly.
September 26, 2011, 09:55:15 AM
only one point from a "normal" W7-user:
SC2.0 is an outstanding user friendly software:
downloading, installing, hashing and "earning" (testwise)
Tenebrix is just the opposite:
download, read something about installing...
it's like a construction manual from IKEA - sometimes it works...
erase that software is what a "normal" user does...
SC2.0 is an outstanding user friendly software:
downloading, installing, hashing and "earning" (testwise)
Tenebrix is just the opposite:
download, read something about installing...
it's like a construction manual from IKEA - sometimes it works...
erase that software is what a "normal" user does...
September 26, 2011, 09:32:22 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
Y u h8 me ?
Tenebrix and solidcoin are both srs bzns
You're right to mention the Solidcoin "tax", as it is the one thing that puts it head and shoulders above every other coin
Oh well...
We will call it a tax for ease of responding to trolling, but as you know It's not exactly a tax in the classical sense. Miners will still earn 32 coins per block as they always have done. Nothing is deducted, only added.
It's trivial to frame taxes in same way with clever accounting.
In fact, that is exactly what typical sources on tax do, in a roundabout way :-)
I like to think of it more as a sovereign bond
Lol that certainly makes it better.
What next, solidcoin conscription army and solidcoin Lukashenko
?The fund created by the tax will ensure Solidcoin's future and will hopefully make it into a truly open, self-funded project. The first of its kind in the world.
The only way Bitcoin have to "solve" the funding issue is to put Gavin on the payroll of a privately owned exchange company... Great idea guys.
The only way Bitcoin have to "solve" the funding issue is to put Gavin on the payroll of a privately owned exchange company... Great idea guys.
Actually that was pretty smart of them, IMHO
September 26, 2011, 09:21:54 AM
... well, SolidCoin got at least one MAJOR idea from GG/Lolcust ...
(which I believe to be the main reason for the existence of SC2.0)
(which I believe to be the main reason for the existence of SC2.0)
September 26, 2011, 08:47:26 AM
CH, thanks for giving Lolcust the idea.
Now I have a CPU-chain that's solid!
Now I have a CPU-chain that's solid!
September 26, 2011, 08:05:02 AM
Why, 2 bilionteen coinsez (warning - a joke
)But then again, Tenebrix doesn't expect miners to pay "protection" taxes, which affects budgetary policy a lot
Appropriate joke answer from a joke coin maker. Tenebrix is purely a troll against Solidcoin, and nobody's impressed.
You're right to mention the Solidcoin "tax", as it is the one thing that puts it head and shoulders above every other coin (including your shitty ones). We will call it a tax for ease of responding to trolling, but as you know It's not exactly a tax in the classical sense. Miners will still earn 32 coins per block as they always have done. Nothing is deducted, only added. I like to think of it more as a sovereign bond
The fund created by the tax will ensure Solidcoin's future and will hopefully make it into a truly open, self-funded project. The first of its kind in the world.
The only way Bitcoin have to "solve" the funding issue is to put Gavin on the payroll of a privately owned exchange company... Great idea guys.
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