Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SIC] Sifcoin - inflation fork
by
cinnamon_carter
on 15/11/2014, 06:24:17 UTC
well, look back in history a bit,
people collected bitcoin when it was worth nothing.....


someone i know told me when it hit $13 it was like hitting the lottery !!

simple inflation coin has only been running a little over a year now, and people have been mining all along

personally i think it a crime it is not traded on every major exchange

but no one cares what i think ......

look at it as an experiment , nothing more,

likely outcome will be no big 'cash out' 

you can tell if you really are into cryptocurrency , bitcoin, or any coin if you are willing to spend time mining it , maintaining it, or even posting about it when everyone else is obsessed with VALUE

true value today in alt coins is mostly created by the developers buying thier own coins back or hyping things up via one method or another or more than one.... and duping others to buying the coins....sad but true.....

simple inflation coin has none of this baggage,  it is what is is - nothing more

the russian devs who put it together really did well, 

the code is not perfect and i will not tell you multiple rounds of hashing are more efficient or even more secure from a cryptography standpoint than a single proof of work algorithm,   

they are less efficient and less secure,  this is a proven fact from several academic papers......

still i learned a lot from the code these guys made, and if they are too busy now or whatever to maintain it, i felt the least i could do out of respect for what SIC made possible on the scene was just do a small update,   and now im probably going to run a node so we have some north american coverage......


here is a linux build if anyone wants one based on my fork of the code ----  generally i recommend everyone compile linux daemons themself however someone got in touch with me and said they were having trouble building it so here she is compiled on ubuntu -- its called bitcoind since they never changed the name but
when you run it create a .sifcoin directory in root and put your sifcoin.conf there

run from command line

sudo ./sifcoind -daemon

commands similar to rpc console  i.e.

sudo ./sifcoind -getinfo




https://drive.google.com/file/d/0Bz8503hoyr74V2hjc3BNdERNWWc/view?usp=sharing



Is there any place that you can use/exchange this coin?  I know there has been lots of voting, but I haven't seen any results. What good is it to accumulate a coin that can't be used anywhere, no matter how great it is?