Post
Topic
Board Archival
Re: delete
by
Syke
on 11/11/2011, 00:21:01 UTC
2) Your king has made sure there will be no "real millionaire" for years if not decades.  So the idea that it will suddenly be decentralized in near future is false.
This is very simple. The more people sign on to the SolidCoin network, the faster the coins will inflate, and the faster we will have our first millionare.
Wrong. It doesn't matter how many people sign on to the network. There will be 5 coins generated every 2 minutes no matter how many people start using SolidCoin. A miner that maintains a massive 10% of the entire network hashpower will take 8 years to become a control node. It's highly unlikely that anyone will ever become a control node.

The Solidcoin community isn't denying that Solidcoin *in it's infancy* is run and developed by just a few individuals (causing centralization). Same with Bitcoin when it was first started, it was pretty damn centralized to just a few individuals as well. The idea is that as the network grows, decentralization will naturally occur (same as with Bitcoin). We have a pretty good base built, and I think with time improvements and active development will make this stuff even better.
Wrong. Bitcoin was never centralized. It was true peer-to-peer from day one. Anyone could fire up the client and start mining and be a true equal peer to every single other peer. That is not centralized.

EDIT: And btw we can always fork the latest version if any "Reckless Decision Making" is exhibited from the "trusted individuals". That's why I am not worried,and why my number one priority was to get the source out.
And RealSolid can revoke your license to use the source at any time. You would then be running illegal code. Good luck making that work.