Post
Topic
Board Altcoin Discussion
Re: Microcash.org says "Solidcoin"
by
CoinHunter
on 25/04/2012, 01:28:01 UTC
Ok you think bitcoin is not a pyramid scheme, that's fine. But are you denying the block reward for bitcoin cuts in half over time to eventually reach a low of 0?

That is exactly what Bitcoin does, and has done since the very first day it was released more than 3 years ago. There have been absolutely zero changes to the block reward. It is that trust that has been built over time that makes Bitcoin successful.

Answer this: How many times has SolidCoin changed the reward scheme?

Pyramid scheme, bait-and-switch, pump-and-dump, I not sure which scam term is most accurate of SolidCoin, but make no mistake, SolidCoin is very much a scam designed to benefit early adapters at the expense of later adopters.

You have a good point Syke in regards to the amount of times SolidCoin has changed. Change is both a good and bad thing, SolidCoin changed a lot so now that they've got something they think they can work with they've decided to create a new brand to represent it. The next version will be very hard to do any changes to, a lot like Bitcoin so we should see some stability in regards to chain features.

The fact Bitcoin hasn't changed much at all since 2009 is good like you said, but it's also bad. There are compromises made and everyone supporting Bitcoin is supporting a single persons choices he made in 2008-2009. Most of us already know many of those decisions haven't stood the test of time, but Bitcoin still sticks to its guns and people can trust that more than something that changes a lot like SolidCoin. However please don't confuse the fact Bitcoin hasn't changed to mean it's perfect or that it's reward system isn't shaped to favor early adopters, these are facts, no one can dispute them. Whether or not the decision to stick to these things will favor Bitcoin we have to wait and see, I guess when the reward cuts in half we will see how new people handle the fact they aren't getting 50 BTC per block anymore. Smiley