Topic: What effect will changing the block size from 32 to 5 have on SC? - page 5. (Read 8720 times)

How?  If trusted node considers your transaction or block to be invalid then it never joins the block chain and thus is ignored by the rest of the network much like an orphaned block in Bitcoin except a single person decides what is ophaned and what allowed to enter the blockchain. 

For example if you tried to mine a block w/ 32 SC reward (like before the bait and switch) you "could" however that block will never get approved by the control nodes and thus never join the longest blockchain.

No matter what change King RealScam makes your options are a) accept it or b) being blocked permanently by the control nodes.  So how exactly do the miners have "authority"?  Honestly there is absolutely no need for miners.   King RealScam could just setup a faucet and let people signup for ScamCoins.  

Some examples to help you think about it.

If King RealScam dropped the block reward to 0 as a miner what could you do about it?
If King RealScam changed 10% wealth transfer (to his wallet) to a 35% wealth transfer what could you do about it?
If King RealScam published a list of "banned addresses" of known traitors to the RealScam Kingdom and your address was one of them and any transaction involving a banned address was blocked by the control nodes what could you do about it?
If King RealScam decided he didn't have enough coins and decided that block 10,000 would have a "one time" block reward of 10 million ScamCoins paid to him what could you do about it?

Think about those and then tell me what authority you have.

"where the business is done"

No.

'Trust nodes' have that say so.  Something processed by the 'miners' can get denied by a 'trust node', if the trust node sees fit.  However, the 'miners' can't disallow something the 'trust nodes' process.

Infact, SC doesn't need miners at all, so why would miners have -any- authority?

But the normal nodes still are the nodes where the business is done... So sure they have some kind of authority...

No they don't.  King RealScam cut wages to all the miners by 87%.  If you didn't accept then the control nodes rejected your blocks.  So what exactly could the miners do?  The Control Nodes are complete and absolute control over the network both now and into the future.

Any change King RealScam decides to impose on his subjects will be enforced by the ControlNodes.  There is no way around them.

Wha?

If you're refering to the block explorer, that only tells you what HAS happened, it gives no protection of what WILL happen.  Also anyone can use the block explorer, not just miners.

In SC, miners have zero authority.

King RealSolid's trusted node idea has not garnered much support from me, but remember that the miners still have the power to check the trusted nodes (securing the "trusted" nodes).

SolidCoin is not a cryptocurrency, or at least by most people's definition of cryptocurrency. There's really no need for miners. SC miners do not secure the chain. That is already done by the trusted nodes. So miners are basically wasting their electricity.

Think about it this way... with Bitcoin, miners hash to secure the network and they get rewarded for the security that they are adding to the network. With SolidCoin, miners are just wasting electricity because RealSolid thinks that this is a fair way to handout SCs. It's similar to a King asking his peasants to run around in circles. The faster they run, the more coins they get. So of course, profit-driven peasants will run around in circles, which adds no value to anything. King RealSolid realized that he is passing out too many solidcoins this way, which will dilute his own holdings. So guess what, he decided to pass out only 5 SC (instead of 32 SC) to his loyal peasants for each circle they complete. Then what happens? Well there are less peasants running around in circles b/c it's not worth it anymore. But that doesn't matter to RealSolid, because peasants running around in circles doesn't add any value in the first place. Hmm...

Also, since the trusted nodes controls 50% of the blocks, by definition, you cannot do a 51% attack unless you have control of a trusted node.

It's great when you create all the rules for your own realm AND you actually find suckers willing to follow you.

I read that too.  Which brought me to another question:

Decentralized mining is a means of 1) coin distribution, and 2) security in BTC.

If SC 'solves' the security by centralizing it, mining as a means of distribution seems irrelevant, and quite frankly a waste of resources (electricity, wear-tear on hardware, etc).

But we see he has no problem cutting distribution.  At what point will he cut out distribution completely?

Well, it wasn't that obvious it was going to increase in my opinion, but you're right. What people have got to remember is that when Bitcoin first came out it was pretty much unique - there were other previous cryptocurrencies, but they had problems that Bitcoin managed to avoid such as requring central issuing of currency or not actually being able to prevent double-spends. Solidcoin is just the latest in a long series of near-clones of Bitcoin, several of which are also based on CPU mining. Why would it succeed rather than one of the others?

 The problem here is that the handicapped kids just don't have the higher-brain functions to know when they are out-classed or have had enough, and they keep posting their inanities.

Depends on what the plan was.  It reduces the number of SC generated over the next year to <2 mil.    More than 1M were generated in first 24hours mostly due to him and his cronies using GPU before the suckers.  

The price did rise.  It went from roughly $0.02 to $0.03.  A nice 50% boost for those who got easy to mine (especially w/ GPU) early coins.  Granted for new miners the sitatuation is abysmall.  Price would need to be $0.14 just to break even compared to prior to the change.  

It also solves another problem.  There will be no "SC millionaires" for years now.  The rate of coin generation is too low.  Even if someone (other than King RealScam) amassed 10% of all coins available (huge concentration of wealth) in one years time with new generation that would be ~400K.

So yeah if his goal was to create a vibrant upwardly sloping economy he failed and failed hard however if it was yet another bait & switch (I think last time I counted there were 7? 8?) to lock in more control and profits for himself then I would say it worked decently.  The bad news for King RealScam is that LTC hit the ground at roughly the same time.  I provides a stark contrast one that my guess the plan was to avoid by making ScamCoin CPU based (i.e. capture 100% of CPU market because there was no other viable coin).

One last funny thing.  King RealScam has dropped so low as to explain that miners leaving don't matter because they are "parasites" that the ScamCoin economy will somehow be better if there are less people mining it.

Here's what I can tell:

RS saw that LTC was gaining on SC
RS saw that 1m+ SC had already been distributed
RS thought that he was savvy enough to manipulate the system by reducing the block reward
RS is now fretting that the value has dropped
RS then applies the 'PowerBlock' gimmick
Gimmick doesn't work
Kool-Aid drinkers are now finally seeing that SC is a joke, hashrate plummets
RS says "Oh we dont need those miners"
RS releases (partial) source hoping to gain legitimacy


But at the end of the day, no one really cares about SC anymore.  I mean, it's funny to laugh at, but I'm starting to feel like we're picking on the handicap kid.  RS can't help but eat glue.

 

So clear I'm quoting it... And leaving to others to compare what you said in your last post, about pum'n'dump of alt chains and profiting with it, to the statements in this post.

1) Why do you have such a hardon for BCX?
B) I still don't see how BCX has 'lied' from that statement.
2) Why do you care so much if BCX lies?  If lies bother you, there are plenty of other bigger liars around these parts which probably deserve your attention more.  If BCX bothers you, I think you've already made that point clear
3) This post and the others have nothing to do with the topic.  Take your crush to meta if you want to continue.

And who gives a fuck about SC not being decentralized? I don't, BCX doesn't, also... But you do. Stop being a puppet, you fool! It seems the one who can't see 1 move ahead is you and not me... or maybe you are just truly retarded!

Thank you. Finally you admitted the real you it so everybody can see with their own eyes. All in the same post...

 I'm either convinced you are truly retarded, or you have no idea what arguments you are making or lack the foresight to play more than 1 move ahead in chess.

 SC2 is not decentralized. I fail to see how BCX is fighting against himself. Please elaborate.

Yes, kinda like that.

BCX is only fighting against himself. He pretends to be the righteous guy, but he's no better than the persons he fight against, so he should probably just STFU.


That's correct. And the opposite is also correct, the fact that the kettle talks back despite being black, doesn't change the pot color... so, draw your own conclusions.

The pot can call the kettle black and still be correct.  The fact that the pot is black as well doesn't change the kettles color.