Quote from: Ten98 on October 26, 2011, 12:56:49 PM

[We underestimated the number of miners there would be in the initial phase of SolidCoin 2.0 and now are in the position where the market is flooded with coins which are being mined for nearly zero cost and for which there are not enough buyers.

...You do understand that difficulty is an attempt to cap the coin generation rate....right? Even though SC has been broken since V1 with the asymmetric difficulty adjustments, thats the point of difficulty. The number of miners has no effect on how many coins are produced, outside of the initial difficulty ramp up, but that was ALWAYS going to happen due to SC's broken difficulty algorithm.

If you "underestimated" the number of miners, that means there are people getting access to coins, not less. All this does is make the early adopters get a MASSIVE boost in what their mining was worth compared to new miners.

My best guess is you meant to say: "We expected more people to be mining with SolidCoin to get coins spread out to everyone, but it turns out it was just a few hundred dumbasses, and a small group of people that broke our fearless leader's shitty algorithm to mine more than 50% of the coins."