Great stuff, thanks!

And now you have revealed yourself as just another idiot parroting nonsense, lies, and hyperbole. Ignored.

The same criticisms were levelled at Darkcoin. It always amused me to hear people complaining that Masternodes were 'just too damn profitable!'

Uh, invest in them then...?

Spead is a different case to Darkcoin though. With Spread, miners actually perform a useful function and secure the blockchain with decentralised hash. 98% of Darkcoin miners just aid in shortcircuiting blockchain security by mining on the same few pools, then bitch about their money hose shrinking because Masternodes are earning a cut of the block reward by providing everything that makes the coin valuable.

As MyFarm has pointed out, 'the market' wasn't valuing Spread's true decentralisation very highly, because 'the market' is currently a very tiny pack of speculators very few of whom have a grasp of crypto fundamenetals or even care about them. Masternodes in Spread will add value to the currency by providing tangible utility like Instant Transactions, and thus benefit miners.

If you're going to claim that this is a bad economic model then please state why, without resorting to vapid blather about 'the rich getting richer.'

No, you shouldn't need to touch your MNs at all if all you've done is upgrade your local/cold wallet.dat file(s).

There's only one of me, the clue's in the name.

As you may have noticed I'm not afraid to speak my mind, I have no need of sockpuppet accounts.  

I'd be fine with Mr Spread closing this thread and starting a new moderated one.

I'm generally against censorship, but I'm more against having my time wasted by the technicolour bullshit of halfwits, and people so cowardly they're afraid to post under their usual pseudonyms.

Hard questions should be welcomed, and debated. Spammers can fuck right off.  

'spreadnodes' here is a curious case.

His words, taken individually, might be valid English, but when he strings them together they amalgamate into a poison soup of doublethink and gibberish as he waves the wrong end of every available stick about and seems confused as to why nobody is applauding his amazing display.

It's like that uncanny valley feeling of talking to an estate agent or a politician - you just know that under the surface mimicry there's really nothing recognizably human there at all.

You know as well as I do that Darkcoin's price has been heavily manipulated throughout most of its life, just as it's being manipulated now - I have many, many posts in the DRK thread commenting on the obvious constant bot manipulation on Mintpal and elsewhere.

Crypto markets are the same as any other, those with more resources have an advantage over those with less. Your complaints against Spread could be applied to anything else.

Spread isn't waiting 9 months for anything, buy in or go cry into your panties somewhere else. 

coins101 on market rigging:

coins101 explaining that otoh is currently rigging the DRK price:

One can only conclude that DRK should thus also be available at a significant discount to market price, and wonder why coins101 is not in the DRK thread demanding this?

coins101's arse is like a magician's hat - it's amazing what he can pull out of it. 

Someone should tell Zozan about Darkcoin.  

People get killed over this shit. Darkcoin by itself isn't going to stop the CIA hit squad finding you, but why make it easy for them?

Increase your intensity setting. Ignore coins101/spreadnodes. Have patience.  

Just waiting for the new build. You can see the first round of testing discussion here: http://spreadcointalk.org/index.php?topic=37.0

Multisig works perfectly in Darkcoin. Has done for at least six months since I first played with it anyway.

Don't let me put you off, I'm just a grumpy old fart on the internet.  

That may be unknowable with any degree of certainty, but we can make an educated guess:

Say there's 4GH/s total and the top 26 miners account for 20% of that, as per the pie chart that I so love posting. The smallest of those 26 miners has 0.2% of the total (I don't know what rounding might have went on but we'll go with it) which is 8MH/s, or about 6 750Ti cards or equivalent.

The other 80% of the total, 3.2GH/s, could be made up of

400 miners with 8MH/s each
800 miners with 4MH/s each
1600 miners with 2MH/s each
3200 miners with 1MH/s each

... but is almost certainly a distribution curve with larger numbers at the bottom, having, individually, smaller hashrates. Remember a lot of people still CPU mine just on the offchance, like you with your Antminers on BTC.

So I don't think I was way off with my 'thousands of smaller miners' comment. And any way you slice it it's at least hundreds of times more decentralised than just about every other PoW coin.

Splendid.

 

Spend it, probably, yes.   Hasn't quite come to that yet though, but things can change very quickly and a little preparedness is always wise.

No problem then, I'm sure all will be well, but personally I'm not comfortable having the blockchain that holds my money (particularly in a currency that if successful is more than most going to attract the attention of sociopaths with unlimited budgets and armies of killers) be under the control of just two people, I prefer to use an actually decentralised cryptocurrency.

Most miners don't give a damn and certainly aren't monitoring network stats all day long. And since they all have the same three or four failover pools, changing pools is going to accomplish jack shit anyway.

You need to take your head out of the sand.