First off, I dont care about the nitpickings and I want to thank you for all your hard work
The fact that you are using your time to build something rather than destroy something says a lot.
It did not dawn on me that the total number of users would increase by much or any. Thank you for stating what should have been obvious.
I hope things settle favorably in the end.

What are the requirements that have to be met to be a trusted node?

10% of all coins generated go into your wallet.  Crypto-currencies are based on the concept of exchange without trust however there is nothing every user of solidcoin can do but TRUST that you will do the right thing.

Pure blind trust because if you don't there is no recourse, no checks & balances, no failsafe.

Centrally controlled currency without oversight which requires trust in major stakeholders.  Congrats you just (re)invented fiat currency.

Exactly!! lol

Again, your analysis is flawed. 5% is created out of "nowhere" like a block generate is. 5% is taken from these "Trusted nodes". If 5% is taken from a trusted node it's not "created" it's being re-spent.

You are right that in some ways it comes down to trust, trust that the 5% will be spent appropriately. If you can't trust me (or eventually the NPO) to spend that 5% in ways which strengthen SolidCoin then you shouldn't support or invest in it. The way I see it is it's better to try to have that central organization as it offers so many benefits than just saying "but you have to trust them so let's not do it". Not every person walking on the planet is an evil person looking to scam you. Some want better things for this world.

I want SolidCoin to be able to hunt down and prosecute criminals. I want SolidCoin to be able to stabilize price so that the world can use it as a currency, I want SolidCoin to protect itself against governments and banks by using their own systems against them.

If you can't see that a completely decentralized system leads to a case of "well I don't really know them so f%ck them" then you perhaps don't understand human psychology as well as some.

It's not the first time I've given it either. You can't expect to have values that everyone shares, I realize this, and I don't want to convert anyone that doesn't see why the decisions made for SolidCoin are worthwhile. Up to each person to educate themselves and decide without people pushing them into it. Don't you agree?

Seriously, are you that brain dead? It is 5% of SC minted. If you think I'm the type of person to defraud thousands of people whilst I have assets and a family then it shows you don't know me and are making stupid decisions. Coupled with your inability to tell 10% from 5% it completes the puzzle doesn't it?

Yeah CH... RELEASE THE CODE!! RELEASE THE CODE!! RELEASE THE CODE!! RELEASE THE CODE!!

RELEASE THE CODE!! RELEASE THE CODE!!

RELEASE THE CODE!!
RELEASE THE CODE!!

What you afraid of?!?!

RELEASE THE CODE!! RELEASE THE CODE!!

It is 10%.  Sad you can't understand your own code.

Per your description.
Your wallet is paid 5% from by the trusted nodes.
Your wallet is paid another 5% minted out of thin air.

Thus .... drumroll ... 5% + 5%  = 10% of total coins minted end up in your personally and irreversible wallet.




That isn't the point.  The point is it requires trust in a central authority.  If the central authority is flawless it doesn't negate the need for trust in a central authority.  

If the Fed does a good job then the Fed isn't bad right?  Wrong I say.  Having the Fed (even doing a good job) requires trust in that central authority.  They may be doing good today but won't in the future.  The issue is trust not current performance.

Lastly having a family (and assets) is hardly a prohibition against fraud.  Lots of family man, asset owning fraudsters in jail (and more not in jail).  The point isn't that you WILL commit fraud (maybe you won't) but rather you have developed a system which requires absolute trust in a single fallible entity.  Sometimes people engage in fraud even when that wasn't the initial plan.  If you lost your job and your family was facing eviction and unable to put food on the table you would sacrifice them for the good of the SC2 community?  Or given you have complete and unlimited access to 10% of all SC mined maybe you dip into that fund for the sake of your family?

Crypto-currency shouldn't rely on trusting a central authority no matter how good the intentions of that authority.