BTW, I forgot to publicly thank you for the donation you made a while back.

Thanks a lot, just2laff

Thanks, great you are still around.

And with a hilariously fitting slogan under your avatar:

"We just have to wait".

 



Yep, but not much longer...

Awww thanks.
hey, i never left, I just had way more pressing things to tend to then posting here.
(Fear not, I will answer all open questions that have been posted here during the last 5 weeks)
Hang in there..... s'gonna be good!

I'm in the process of "giving birth" guys... so... ...can't .... really.... talk.... right now. 

The point to take away from all this is that you will help the bitcoin network much more by adding an IP (with a computer sitting behind it serving 24/7) than you will by adding lots of connections.
The amount of connections you add to the network is irrelevant (to a degree) and might even hurt decentralization (at some point).

We could have just 1 big bank set up 10 high powered servers that can have 1 million connections each, and customers will get "served" well, but that's not what bitcoin is all about.

Bitcoin is about decentralization first.

Pieter Wuille had a beautiful comment about this in this thread here:

http://bitcoin.stackexchange.com/questions/8109/how-does-one-attain-1-000-connections-like-blockchain-info



Yep, many full node operators are way too "connection-happy" and then they complain about high bandwidth costs, LMAO!  

It's another display of human greed gone wrong and the negative unwanted effects this can have.

Let's visualize a "sea of raspberry pi nodes" (and desktop nodes run @ home) that just keep a minimum amount of connections to a few random nodes:



Ofcourse spatial proximity doesn't make sense in this visualization, but you get the idea, this is what beautiful decentralization looks like.

...

And here we have the same situation, but with 2 full nodes that open as many connections as possible:



That doesn't look very decentralized to me.  

Not only is this much more centralized, but those 2 nodes also occupy way too many open ports of the smaller nodes.

Now, I do understand that a bitcoin MINER wants his new found block to be propagated to the rest of the network as fast as possible, this is a very good reason to run a node with that many connections.

Payment processors probably want to know as much about the network as possible too. (especially if they allow for zero confirmation payments)

And then there are actors who want to snoop on your activities and privacy.  

I think the way to fight this is with a large amount of tiny full nodes, and that's why I want to make the implementation of raspberry pi's as easy as possible.  


Awesome... you will love the new wallet.

Good point.

I've seen a few people report the rather problematic bandwidth usage of full nodes, and while they post all kinds of graphs and reports,
they always ommit to tell you how many connections the node has open on average.

Of course, when your full node has 150 connections, you will have to "pay the price for this" so to speak.

Also, from a decentralization standpoint, it is much better (and cheaper) to have 10000 guys run a raspberry node than a full server.

Wait... let me visualize this....

Just dropping some small knowledge, ...

The Spreadwallet will come with 2FA, but it will only support hardware 2FA solutions:



So this means, either a TREZOR, or any encryptable USB drive, like the 2 examples that you see in the pic (each costing around 25$).

The TREZOR gives the highest security, since the private keys never leave the device. (The wallet only asks the TREZOR to sign transactions)
The encrypted USB devices give a smaller amount of security, since you can only decide at what time the private keys are visible to the wallet. It's better than nothing.  

No, I don't plan on supporting any third party centralized 2FA solution (like google, etc anything that runs on a cloud/server)... those don't have any place in a decentralized wallet.

Stay tuned for more news...

Any such rules can easily be overridden since they are not of cryptographical nature.

"Proof of Full Node" as I understand it means that you want to find a way that the same bitcoin full node doesn't feed 2 or more servicenodes.
This way each unique servicenode will also host a unique bitcoin node.

That's the "proof" we want to find.

Another rapsberry pi 3 arrived today.

I'm extending raspberry experiments to full bitcoin nodes with an external HD.

BTW, minerpage contacted me through spreadcointalk and told me that she still 100% supports spreadcoin!  
She didn't leave us, she just moved.

Reminds me again that this thread here is not really representative of the whole spreadcoin community.

Of course not, lol!

That is so awesome. Much appreciated.

lol, nearly nobody seems to want to donate SPR.

I will mark your BTC donation down as 3250 SPR as per current exchange rate. (same with the equivalent donation rhinomonkey did 2 days ago). 
Just makes me happier to express the value of a donation in SPR.

Anyway, I will continue my work as if nothing happened, and I will present more frequent updates in the form of screenshots and videos, until I am finished with it and can release software and sourcecode.
People can observe development as it happens.

You are invited to make a donation if you like where this is going.
You can also shut up or laugh at my efforts.

But, LMAO don't complain about me asking for donations (or explaining that less donations will indeed mean slower development). Shouldn't that be self-explanatory? I'm just stating the obvious here.

Enough for today, see you tommorow guys.

Sorry, but Evan is the worst counterexample anyone would wanna bring up in this situation.

He went closed source for a long time, so how were there any visible mistakes? For months nobody had any idea what masternodes were even doing??!!

Personally, I disagree with like 95% of the decisions that DASH has made since its inception.
Anyway... too much talk about DASH around here.

My approach is indeed different. But I don't see the difference between types of developers. Either they know how to implement things, they learn how, or they give up.

I will not do my debugging on the live network. That's not the sign of a good developer, lol



https://www.youtube.com/watch?v=5jEK2CXbm0M

The amount of forks should be the absolute minimum possible.

So...this needs time. I will not rush this because of the "faux urgency" generated by impatient investors.
Which is also why I am so hesitant to move forward with changes that affect the protocol.

I absolutely welcome other devs joining this coin.
Which is why it is vitaly important that we have a crystal clear list of principles and what our goals are.

I was attracted to spreadcoin because of two main principles:

- the promise of true decentralization (with an interesting solution for how to solve centralization of pools)
- the way mr. spread tried to bring free market economics into masternodes by introducing competition among them (fix number of 1440 seats). That literally blew my mind.

I absolutely want to keep this tradition of true decentralization and true economics alive with spreadcoin.
Which is also why I have spent countless hours debating in this thread here, defending the principles against ideas that I think are horrible, lol.  
Not because they wouldn't solve a particular problem (like e.g. how to get money quick, or how to raise the price in the short term) but because throwing your principles out of the window is also exactly what will scare all the good devs away, and only attract the wrong people. IMHO.

Imagine that a halfbaked dev (99% of what runs around here) comes along, produces more github commits than me (as if they are a gauge for quality) and then pushes for a "funding through coinbase".
I would absolutely start a war!
Because that's how important principles are.

The saying goes like this:

It takes 10 years to build a good reputation, but only 10 minutes to ruin it.

I don't care that people think that development is too slow. It has progressed exactly the amount of time/money I put into it. So it makes sense.

I agree 100%.

Hey, and I don't even blame people that complain about the speed of development. I can live with that. Atleast I can follow their trail of thought.
But it seems some people are having a problem with me asking for voluntary donations??!

Well, I will keep on asking for donations, and if some people don't like that (or the reality that less donations mean slower development time), then that's the free market in a nutshell.
They don't need to agree with it, and everything will still move on nicely, because every little donation by someone who does care will be much appreciated by me. And I will put it to good use.

Anyway, I'm in good spirits these past few weeks, because everything falls in line, and the puzzle pieces fit nicely together.

I must find a way to harness the troll energy in this thread so that I can use its SPR-power!

But that's not true. I understand that everything short of "servicenodes" is completely worthless in your eyes,
but we have done small experiments ("GenesisExtractor") and stuff like an experimental build called "muscleminer" that explored what it would look like if miners voted every block.
Was pretty experimental, and I couldn't further spend much time on it, because - alas- I had to earn some money elsewhere...
And last but not least a few of the core people here (especially coins101, rhinomonkey and more) have kept a lively discussion going about what a "servicenode" exactly is, and what it's purpose has to be,
fleshing out its very definition, and what it is that we even want to achieve.

It's an ongoing evolution and I couldn't do it without them.

Also, since mining is so important for spreadcoin, I have spent a considerable amount of time with mining software AND hardware.
This all takes time. (and - god forbid - money)


I think you are going to like the new spreadwallet and the CORE-Version of the daemon. I'm not going to release an unfinished version just to stroke your ego. Sorry, that's not how this works.

Also, I just don't get it, lol, if you don't want to make a donation just step aside and let someone donate who wants to help.
I am very neutral about people who don't want to help and decide to just sit on their SPR. It's their decision and I'm ok with it.
But I am pretty confused by people who don't seem to like that I ask for donations. 

Wot?

Oh, look who's back.

I remember you giving me a donation of 100k SPR back when SPR was worth like 0.009$. Worth 900$ at the time.
A very nice gesture, and I am still thankful for it.
BTW, we agreed that you give me this money so I can use it both for my personal and other people's dev funding.
I totally agreed with that, and in my view this agreement still stands. So, in a way I don't even consider this really my money.
I haven't touched this money. This is the money that will fund the project for atleast 2 years should SPR go to 1$.

So what is this? You suddenly appear like a ghost from the past, misrepresenting the situation to spread FUD.

Also, you are confused about the "thousands of dollars of donations in fiat", lol.
I am a selfemployed programmer, and coins101 recommended me to a customer of his from london, who hired me for a small job.
You probably listened in on a conversation I had with him over SLACK...?!  

This has absolutely nothing to do with spread, and I don't want to further talk about things that don't belong here.


Both chaositec and minerpage left this place here because they just couldn't stand to hang around the ISIS guy for even 1 minute longer.
Chaositec gave an exact explanation the moment he left.
Minerpage told me on SLACK that she won't come back to this thread because of this.

It's sad, but I do respect their decision.

And stonehedge... I am not sure you even left the project?!... you were just hiding in some dark corner all this time, plotting, right?  
I'm just joking, but why come back now? Do you have some ideas to drop?

Are you confused? How can you misunderstand what I said?

Ofcourse donations will make a project go faster, isn't that obvious?
And ofcourse development will be slower when I have to spend my time doing jobs for other customers (go after their money so to speak) and hence will have less time to concentrate on spreadcoin.
It works exactly like a mathematical equation.

You make it sound like I said "give me a donation or else HAHA I will deliberately step on the brake". That's an ugly insinuation and you should take that back, because that's obviously not how I meant it.

Weird, so I try to be totally honest and some people get pissed?