Ninjastic
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Re: [ANNOUNCE] SolidCoin - new and improved block chain. Secure from pools
by
Chris Acheson
on 28/08/2011, 07:39:26 UTC
Quote from: CoinHunter on August 28, 2011, 01:59:06 AM
Quote from: Chris Acheson on August 27, 2011, 07:22:58 PM
Even if another blockchain does overtake Bitcoin, SolidCoin won't be the one to do it.  To be successful, the challenger would need to make significant protocol-level improvements, and even that might not be enough.  CoinHunter hasn't done this.  Protocol-wise, all he's done is changed a few constants; nothing more complex than what the creator of Ixcoin did.

Haha, could you post some more FUD? SolidCoin is nothing like Ixcoin, which changed (besides name changes) maybe ~50 lines of code. Ixcoin has now copied some aspects of SolidCoin's changes.

SolidCoin on the other hand has added code to the base to extend the API, fixed about 40-50 bugs, streamlined areas of the UI, implemented a much smarter network algorithm and processes blocks much faster. All within a week. If you're going to try to troll something at least get your information right and attack it justly.

I'm talking about the protocol.  You know, that thing that's actually kind of difficult to change once a blockchain gets established?  What have you done that can't just be released as a modified client for the Bitcoin blockchain?  By my count:

  • Difficulty algorithm aims for 3 minute blocks instead of 10 minute blocks.  Achieved by changing one constant.  Of questionable merit, due to scalability concerns.
  • Difficulty retargets more often.  Achieved by changing one constant.  Essential for an underdog blockchain to survive, but not really relevant for Bitcoin.
  • Difficulty increases limited to +10% per retarget.  Achieved by changing one constant.  Essentially an extra subsidy to miners, not relevant for Bitcoin.
  • Block reward changed from 50 to 32.  Achieved by changing one constant.  Irrelevant except for the psychological factor, see also: Ixcoin.

Any other PROTOCOL changes that I missed?  If not, then are these really supposed to be your grand innovations that we're all expected to switch blockchains for?