CoinHunter



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Sr. MemberActivity: 252Merit: 250 Re: [ANNOUNCE] Bitcoin Pie - see the market cap for major crypto-currencies October 17, 2011, 04:31:09 AM #18 Quote from: gmaxwell on October 17, 2011, 04:25:13 AM Quote from: CoinHunter on October 17, 2011, 04:16:43 AM

Except that 12M can't be spent, so it's not really worth counting it.

So it still can't be spent when it's released by the trust block mining process into an account you control?



So it still can't be spent when it's released by the trust block mining process into an account you control?

It depends how you look at it. If you look at this here :-



http://blockexplorer.ahimoth.com/Home/BlockDetails?hash=00005b3dbf940ba9df42b2d86fd055706d0eac22cd3f39235b3f0e793bee61b8



Which is a trusted block, you'll see there is only two transactions. The first is a generate, it's value goes to the CPF. The second is a transaction from the trusted node, which effectively removes value from its own account. The trusted node itself never sends money directly to the CPF, instead, it losing value is a sign of "yes I have a million dollar account before and after this transaction which costs me money".



So trusted nodes create a generate which goes to the CPF, and they add their own special transaction which "seals" the block as trusted, trusted nodes don't directly fund the CPF.



So when I say those funds cannot be spent on the network it means a trusted node, if it hacked its own client and tried to actually send any money out, would get rejected by every other client, no other client would even propagate the transaction. Every client on the network looks for these addresses and will not allow them to be used outside of the very strict manner of "Sealing" blocks and losing money doing it.



I posted some more info on this over here :-

http://bitcoin.stackexchange.com/questions/1583/who-controls-solidcoins-special-millionaire-accounts/



Anyone calculating total coinage in SolidCoin should factor in CPF payments from the generates which is 5% per block. I haven't done total coinage calculations in a few days, but we should be around 1.6-1.8 million. I'm going to add a total coinage in the system information to It depends how you look at it. If you look at this here :-Which is a trusted block, you'll see there is only two transactions. The first is a generate, it's value goes to the CPF. The second is a transaction from the trusted node, which effectively removes value from its own account. The trusted node itself never sends money directly to the CPF, instead, it losing value is a sign of "yes I have a million dollar account before and after this transaction which costs me money".So trusted nodes create a generate which goes to the CPF, and they add their own special transaction which "seals" the block as trusted, trusted nodes don't directly fund the CPF.So when I say those funds cannot be spent on the network it means a trusted node, if it hacked its own client and tried to actually send any money out, would get rejected by every other client, no other client would even propagate the transaction. Every client on the network looks for these addresses and will not allow them to be used outside of the very strict manner of "Sealing" blocks and losing money doing it.I posted some more info on this over here :-Anyone calculating total coinage in SolidCoin should factor in CPF payments from the generates which is 5% per block. I haven't done total coinage calculations in a few days, but we should be around 1.6-1.8 million. I'm going to add a total coinage in the system information to http://solidcoin.info soon. Try SolidCoin or talk with other SolidCoin supporters here SolidCoin Forums