Hey,
I can make android wallet for SpreadCoin. Need?
If yes, have any bounties for this?
elbandi is already working on it. Besides an android wallet, would you be interested in creating something different for Spreadcoin? If so, what would you enjoy doing? I may be willing to pay a bounty. I can make iOS, Blackberry, WP and web wallet. If you have any ideas I can take for their implementation. Something like this: https://play.google.com/store/apps/details?id=com.betty8080.mynewmasternodes ? |
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It's quite possible top10 account for much more that %.
Do you remember the guy called airball who owns 5 wallet 3 of which is at top 10 ?
Thanks for pointing that out.  Another possibility is that the block explorer has been altered /manipulated. eg. SYNC switched over to a "new and improved" block explorer soon after I exposed the hidden premine. Quoted for hilarity.  Spreadcoin needs better enemies than clowns like this. LOL! So True!!! Hilarious how there is never an acknowledgment of relevant counter posts that defeat their logic, but even so, the BS keeps changing for effect. Guess the same old discounted "stories" they started with just don't get the same mileage that they used to and need continued "updating!"  Hey Hippie n' "HC", can ya spare some tin foil?  Here you go. --> https://bitcointalk.org/index.php?topic=621429.msg7673291#msg7673291Hate to break it to you Einstein, but that's not Spreadcoin. Well, that's my tardwrangling done. Please keep up the free publicity for Spread though, we appreciate your efforts letting the world know that Spread is hated by all manner of imbeciles and lunatics. |
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Another reason is that if you keep solo mining and mining to one address and never receive or send coins,your address is hiden from BE.
BE will never detect such an address.
Quoted for hilarity. Spreadcoin needs better enemies than clowns like this. |
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Using Darksend, one Darksend transaction can be splitter into multiple transactions. I think it can make Darkcoin's blockchain growing very quickly.
Is there any solution for it? I have a very bad experience with Bitcoin because loading the full Bitcoin's blockchain take a lot of time.
The thing is, only a small percentage of Darkcoin transactions are Darksend transactions. The vast majority are normal Bitcoin-like transactions. The bloating problem is really non-existent. No need to worry about that! To clarify, a 'Darksend transaction' is the same as any other, it just uses anonymised inputs. Darksend is the process of pre-emptive anonymisation - denominating your balance and mixing with other users. This creates more addresses/transactions - and adds to the blockchain size. It will be a while before this becomes problematic though, and there are various ways it can be tackled, which I'm sure will be in place long before they actually become necessary. |
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So, for a pool, I think what you would do is just have people send the BTC equivalent of one block's reward to the pool (which isn't much), then if the miner's steal the reward, the pool still retains their deposit so net miner gain is 0. You would have the miners themselves mine to their own pubkeyhashes, and you'd submit partial solutions to these blocks to the pool itself. When the miner gets a block, they would be given n many blocks to get the coinbase from their block to the pool to redistribute to the other miners. If they didn't return the reward to the pool, the pool would then just take their deposit and ban them.
So, I don't think there's a big issue with pooling, just a slightly more complicated implementation. There's a small associated cost with joining a pool, but it's not really much.
coinbase mature is 120 blocks, pool have to wait that time, before spend the block reward. a big miner can mine more blocks during this time, so every miner sould pay a bigger guarantee (60 spr for 10 blocks, 120spr for 20 block guarantee), do you think they will do this? Probably, yeah. Considering 100 SPR is only $6 USD and assuming that that majority of miners probably have a cheeseburger worth of funds to spare, it should be fine. I mean, reward is like 6.66 SPR, *= 120 blocks (worst case, extremely unlikely) is ~800 SPR. But if you have enough to get 100% of the network's blocks, why would you be on a pool? More likely case is that a big miner gets maybe 20% of the network... That's a deposit of ~160 SPR to prevent a large loss. Well we could increase the maturation time to 1440 or 2880 blocks. Would also dissuade opportunistic short term profiteers. |
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The collateral pool idea is not new: Hey guys, would it be possible to create a pool like this;
Each miner mines to a separate address. The pool (and the miner obviously) knows the private key.
The pool has insurance of lets say, 15 spr in a separate address for each miner. The insurance needs to be paid by the miner before he starts mining.
The miner submits shares and once he finds a block he publishes it to the network.
If the miner steals coins from his address then he gets banned from the pool and the pools uses his insurance to pay the other miners.
Could this work? Or is it not possible because it isn't how mining works for spreadcoin?
The problem here is that if you will find a block and will not try to steal its reward pool can still claim that you are trying to steal it and use both your funds and block reward. For external observer it is not possible to distinguish between situations when you are trying to steal money and when pool operators are just lying about this. Even if pool is operated by some legally registered entity with non anonymous owners they can steal your money and you wouldn't be able to prove anything. If you cannot find blocks consistently but are still mining that means that even one block's reward worth something for you. |
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This solves the problem fairly elegantly I believe. It's still not the ease of running a "standard" pool, and there are additional considerations, like: how popular would a BTC pool be if you had to deposit 25 BTC to mine there (even considering that their wouldn't be any other pools where you didn't have to do this)? Edit2: this plays on the "(which isn't much)" above; what if it was a "lot"?
Edit: tacotime, why wouldn't you send the SPR equivalent of one block reward? BTC would be subject (I believe unnecessarily) to exchange rate volatility.
but more users will probably join a pool than only requires a tiny amount of BTC to join and the amount of risk losing SpreadCoins versus equivalent Bitcoins is probably pretty similar. So to mine on this hypothetical pool, I would need to send the pool a little collateral first? Sounds like a scam, and would steer clear of such a pool. Also easy to sabotage. Join pool. Steal SPR. Lose collateral. Evens. Pool users annoyed. Repeat. The pool would need to take a much larger than 1 block collateral from each miner to dissuade saboteurs. |
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you are talking about something like an "Automated Escrow", right?
Make everyone pay into a pot first, so should they dare to steal, you just keep what they previously payed.
Yeah, that's the idea. There's a 3500 SPR bounty if anyone is able to make this idea work. That is quite low... IMHO.. So what you're saying is a potential workaround is really hard and costly to implement? No not at all and that workaround is also not absolutely needed - but a good idea as some kind of extra insurance, I'm just saying that 3500 coins is quite low as a bounty. Feel free to add to the bounty. |
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Personally I feel that any day I don't have to wade through reams of dunce-babble is a win. Why suffer fools, what benefit does it bring? They can post whatever they like, elsewhere.
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Very interesting times indeed...
It's interesting listening to that discussion he had with Andreas Antonopolis. Very civilised - no mud slinging - but crystal clear that he doesn't believe that cryptocurrencies can remotely replace fiat in their economic function. He doesn't even believe in a limited supply currency base and thinks that the gold standard "caused" the 1930s depressions. All the same, he totally "gets" blockchain technologies. Although removing gold standard did not stop crisis from occuring and literally nothing changed for the peasants (us). The removal of gold standard allowed banks to print shit loads of money... The idea as "Gold standard is evil" is illogical. So the whole world was trading some tangible meaningful item gold (money backed by gold), gold can be digged from the ground or bought up, but it can not be made out of thin air. Also, gold can be used in a all different ways. Gold was replaced with a toilet paper, this toilet paper is printed at incredible rates, half of the time it is not even printed but rather added as a number into a bank account. And such system is good to us. Is good for the whole world to trade toilet paper because when we run out, we can just make it with a magic stick and have more toilet paper. So we have ever increasing debts, ever increasing unequal weatlh distribution and never solvable problems... Its like when we had a gold standard - we had issues, issues we could not escape by running away... In a normal sane world Satoshi Nakamoto would receive a nobel prize in every single category, even literature... Sadly we dont live in a normal world, rather insane: gay people cant marry, cant adopt, ISIS, Russia raping ints neighbours, constant crisis, polution, parents refusing to vaccinate childern, religion... you name it... Like wau! I should buy a cabine in a woods and go live somewhere in the wilderness... I was with you up until the bolded part. Russia isn't raping anyone. The US though? Here's a fun fact: there are about 196 nations on Earth and in the last 3 years US special forces by SOCOM's own admission have been active in over 150 of them. Hint, special forces are not deployed anywhere in order to deliver lollipops, cuddly toys and huggles. |
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Somehow I can't see too many people outside of guvverment getting all enthusiastic about "Future Tax Coin." |
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Maybe that is really the reason for all the FUDing in the other thread, some ruthless pool operators plan on running away with miners money
Nope, nowhere near enough money at stake. No, the real danger is that the approach proves basically successful and then gets adopted by other cryptocurrencies, in particular Bitcoin. Cheers Graham I agree. The Bitcoin pooled mining / cloud mining / ASIC manufacturer ecosystem is big business (in the context of cryptocurrencies anyway ) and they don't want their income threatened by an approach that returns mining to it's original purpose. Spread's model doesn't do or claim to do - nor should it try - anything about large individual hashpower, but it certainly makes it a lot harder for middlemen to leech profits from the whole enterprise. You can make money with Spread if that is your goal, but to do so you need to actually support the currency with a longer term commitment than people to whom the word 'commitment' is an alien concept have the attention span for. |
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Suggested addition to the FAQ:
Q. Was there an instamine?
A. No. There was a hardfork at block 2200 to make things more suitable to solo mining. From this block forward, the block reward was reduced from 66.66 SPR to 6.66 SPR (diminishing over time as per the supply curve in the OP) and the blocktime was reduced from 10 minutes to 1 minute. The Spread generation speed and total supply thus remain the same, as one tenth of the SPR is being generated ten times as often.
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Keep ignoring.. Lol.. Absolutely unprofessional
What is it you want to know? (That preferably hasn't already been answered dozens of times.) |
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addled hysteria
It's worse than that I'm afraid. I am Satoshi Nakamoto, I was hatched in a CIA lab nine years ago, I am Wolf0's father, and all your blockchain are belong to ME.  Ignored. Have fun with your delusions. |
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The ponzinode plan for spreadcoin is to not require a VPS but to be able to run them on a regular computer. So no cost other than an internet connection.
Here we go again, 'Masternodes are not only now even easier to set up, they're even cheaper to run and even MOAR profitable! Count me out!' Regardless, I expect people running MNs on their Win laptops and their domestic connections are not going to be earning as much as those using a more stable, reliable and better connected VPS. Because I am a filthy capitalist though, I hope everyone else tries this at home, because then my (wholly self created) warbots will have an easier time outcompeting them. |
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Nothing changes. The rich get richer and the poor get screwed. It's a fact of life and spreadcoin is no different.
Ahaha, maybe you should go earn some money instead of wanting everything handed to you on a plate you lazy oaf? Or emigrate to one of those socialist utopias like Venezuela... just bring plenty of your own toilet paper. |
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Exactly, not to mention that ponzinodes are a centralized approach. They take the "True peer to peer" out of the coin.
Incorrect. A Masternode is just a wallet (node) - that's connected in the network exactly like any other wallet (node) - that meets certain criteria and provides additional functionality. |
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