Pages:
Author

Topic: What effect will changing the block size from 32 to 5 have on SC? - page 6. (Read 8720 times)

member
Activity: 106
Merit: 10
So, should we conclude that BCX also ignores people because he knows that we, the ones who speak against him, are right and he can't possibly say anything to defend himself? <--- Just another contradiction...

 ... kinda like CH/RS ignores people / bans from his forums / BK's from IRC channel when people bring up that he's a charlatan for insisting his is a decentralized currency ?
legendary
Activity: 1386
Merit: 1002
There is nothing wrong about people having profit as a motive. You would probably agree however, in the majority of cases, that this leads them into malign attitudes. Everybody always starts with the best intentions.

This same benign initial motivation, having turned malign and metastasized, is right now destroying whole countries and nations of old. Just look around you.

But to keep things fair, the greed of BTCEX is the least of the world's problems right now  Wink

Psy would have to verify...

but I think what he meant to convey is how BCX has been shown to mine BTC when it is unprofitable but is now complaining as that being a flaw to SC to further spread deceit and her agenda.

So it's not necessarily bad to be profit motivated, but it is bad to do one thing and say another for sake of ridiculous propaganda. i.e. Warren Buffet making claims the rich should pay more in taxes when he is involved in near permanent state of litigation to get out of paying taxes (which would be unnecessary if he just paid what he is supposed to) and his business thrives on the death of other businesses.

+1.

And I didn't catch it, if that was what Psy meant.

Exactly what I meant... Both of you are right, you just described it more eloquently than me.
How was BCX coping with his losses when mining BTC was not profitable? Is it consistent with his current views? You know what they say about the noveau-riches...

PS: I have this way of saying things that leaves a lot to understand between the lines to the ones that really care. If they don't understand, well, that probably says more about them than it says about myself.
And using BCX arguments: Coinhunter started ignoring peoples' questions when he was caught lying.
So, should we conclude that BCX also ignores people because he knows that we, the ones who speak against him, are right and he can't possibly say anything to defend himself? <--- Just another contradiction... Look at the ignore list that he so proudly shows in his signature!
sr. member
Activity: 313
Merit: 251
Third score
There is nothing wrong about people having profit as a motive. You would probably agree however, in the majority of cases, that this leads them into malign attitudes. Everybody always starts with the best intentions.

This same benign initial motivation, having turned malign and metastasized, is right now destroying whole countries and nations of old. Just look around you.

But to keep things fair, the greed of BTCEX is the least of the world's problems right now  Wink

Psy would have to verify...

but I think what he meant to convey is how BCX has been shown to mine BTC when it is unprofitable but is now complaining as that being a flaw to SC to further spread deceit and her agenda.

So it's not necessarily bad to be profit motivated, but it is bad to do one thing and say another for sake of ridiculous propaganda. i.e. Warren Buffet making claims the rich should pay more in taxes when he is involved in near permanent state of litigation to get out of paying taxes (which would be unnecessary if he just paid what he is supposed to) and his business thrives on the death of other businesses.

+1.

And I didn't catch it, if that was what Psy meant.
sr. member
Activity: 313
Merit: 251
Third score
That statement of yours shows what you really are: A GREEDY MOTHERFUCKER!
You already told us that you only mine Bitcoin for the money, so it must've been hard for you when your mining operation was runnning at a loss back then, hein?
lol, umad?

what's wrong with being motivated with profit?

There is nothing wrong about people having profit as a motive. You would probably agree however, in the majority of cases, that this leads them into malign attitudes. Everybody always starts with the best intentions.

This same benign initial motivation, having turned malign and metastasized, is right now destroying whole countries and nations of old. Just look around you.

But to keep things fair, the greed of BTCEX is the least of the world's problems right now  Wink
legendary
Activity: 1764
Merit: 1006
That statement of yours shows what you really are: A GREEDY MOTHERFUCKER!
You already told us that you only mine Bitcoin for the money, so it must've been hard for you when your mining operation was runnning at a loss back then, hein?
lol, umad?

what's wrong with being motivated with profit?
legendary
Activity: 1386
Merit: 1002
Solidcoin generation rate time in seconds = Difficulty * 2^17 / hashrate

Currently SC Difficulty is 25010

A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!

Well, you said you were mining by the end of 2009... How much was it worth 50Bitcoins then? $0.001? And how many blocks would you mine in 18hrs with 50KH/s back then?
10000BTC pizza, anyone?

That statement of yours shows what you really are: A GREEDY MOTHERFUCKER!
You already told us that you only mine Bitcoin for the money, so it must've been hard for you when your mining operation was runnning at a loss back then, hein?
hero member
Activity: 686
Merit: 564
If I wanted to Spacy, I could but the entire SC block chain for 20,000 BTC....
You'd be overpaying for it by quite a bit, of course Grin
sr. member
Activity: 462
Merit: 250
I heart thebaron
Second it is a shame because staff members should not be participating in questionable at best petty vendetta wars on the forum, they should be removing straight up validated lies such as what you just posted and much of the garbage that you and some others out here spew, caught 2 of you idiots out here in flat out lies, and 1 even provided her own proof that she was lying.

This is after all, Bitcointalk.org isn't it ?

Considering the circumstances and the 'other forums' out there and how dissension is handled by The Leader, would you rather:

a) Have the Bitcointalk Mods 'get in' on a little alternate crypto-currency banter ?
or..
b) Simply kick-ban who they deemed a threat to ..... ?

I still don't understand how a crypto-currency that was created to serve the interests of a single person.....and continue to with almost the blessing of it's users while they support it, could have so many loyal followers considering the blatant greed on the part of The Leader and the transparency under which it all takes place.

Some of you guys actually think that CH/RS is doing you all a favor or something.

.....completely messed up.
full member
Activity: 168
Merit: 100
If I wanted to Spacy, I could but the entire SC block chain for 20,000 BTC....

But that would actually mean supporting SC and not crashing it Smiley
full member
Activity: 168
Merit: 100
The price drop doesn't effect me at all since the more than 100K BTC I have still show a 10X gain over this point last year.

Must hurt to see the millions fade away, very noble to stay optimistic and positive about it  Wink

I really do not care about any of the alt coins, that's why I crash them at will and experiment on them just because I can.

Seems your "crash at will" doesn't work on SC2, or do you like it so much that you don't want it to crash yet?  Huh
legendary
Activity: 1764
Merit: 1015
A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!
With next estimated difficulty of 0.60376 a machine with 5 kH/s mines 8.163LTC/0.239 $ per 24h. Wow, that makes a difference! Wink


If you think that bothers me it doesn't. I have zero LTC and more than likely never will.
Of course you are a die hard BTC supporter right? Exactly when have you contributed to anything? All you seem to do is leech, mine, hack, pump, dump, and then do it all over again. These are things that come out of your own mouth.
full member
Activity: 210
Merit: 100
The crucial near-doubling of payout per (real...)hash makes LTC profitable for me, where SC2 is not.
newbie
Activity: 29
Merit: 0
My point was both CPU-based cryptocurencies are not profitable to mine as long as you are not a botnet owner or admin robbing your employer. "Communist" Litecoin isn't that much better than "fascist" Solidcoin Wink I didn't mention Tenebrix because it would be too easy.
full member
Activity: 154
Merit: 100
A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!
With next estimated difficulty of 0.60376 a machine with 5 kH/s mines 8.163LTC/0.239 $ per 24h. Wow, that makes a difference! Wink

You make a great point.  If someone wants to CPU mine, they can make more profit and not deal with the hassle of DictatorRealSolid, simply by mining LTC.
newbie
Activity: 29
Merit: 0
A machine with 50 kh /s will take approximately 18.6 hours to mine a block of 5 coins valued at $0.12 USD LOL

Is this not some some insane crap or what!
With next estimated difficulty of 0.60376 a machine with 5 kH/s mines 8.163LTC/0.239 $ per 24h. Wow, that makes a difference! Wink
donator
Activity: 1218
Merit: 1080
Gerald Davis
Today an entire block reward is now worth ...  $0.12.  

Maybe you will have to open a business or have to buy them.  Deflation is key.  Maybe Mr. Bernank and congress can learn a lesson too.  We can shut down the Federal Reserves and they can be retained to mow Mexicans lawns for a change.

How does that kool-aid taste.  There is no possible fact that you somehow won't see as a net positive for ScamCoin.  Luckily the number of faithful is dwindling.  Hashing power is down 65% from peak now. 

No business of any apreciable volume is going to accept ScamCoins.  Why shutdown the Federal Reserve?  You must like the Federal Reserve, given you are supporting the only "crypto-currency" (loosely used) that not only has a Central Bank but also a failed monetary policy.   Wink
hero member
Activity: 717
Merit: 501
Today an entire block reward is now worth ...  $0.12.  

Maybe you will have to open a business or have to buy them.  Deflation is key.  Maybe Mr. Bernank and congress can learn a lesson too.  We can shut down the Federal Reserves and they can be retained to mow Mexicans lawns for a change.
legendary
Activity: 1190
Merit: 1000
To answer the title of the thread: changing the block size will have no effect at all.
After all 5/32nds of nothing is also nothing.

I do take some consolation in the fact that this scam will probably not be attributed to Bitcoin by media outlets.
full member
Activity: 242
Merit: 100
I predict the price should rise.  You only need 1/6th the number of buyers to maintain the price.  It was 0.006 per BTC  before the change and dropping. 
It was 0.0097/0.0085
and early (before 2.01 b9) 0.015/0.011
Now after "economical shit" 0.0085/0.008 and slowly dropping despite regular and totally unsuccessful attempts pump price by large btc infusion.
Hash power of sc network go down and sc go down.
Hey CH! It's time to drop your coins before it's too late. Grin
donator
Activity: 1218
Merit: 1080
Gerald Davis
I predict the price should rise.  You only need 1/6th the number of buyers to maintain the price.  It was 0.006 per BTC  before the change.

While it may rise if it rise 600% but you cut the reward to 1/6th then it doesn't really matter.  At best it would only rise 600% however that kind of rampant corruption does decrease market confidence thus while you reduce the number of units being sold by a factor of 6 you are also destroying  buying demand too.  As a result it hasn't risen enough to compensate for the huge cut in coins. 

Today an entire block reward is now worth ...  $0.12.  
Pages:
Jump to: