Mr. Spread, have you found the part of the Darkcoin code where, "Enforcement" is on or off?  I THINK that may be what you're seeing as when enforcement is off, yes, that can and has happened.

And have you notified the Darkcoin developer, Evan Duffield?

RawrRawr how many coins did you lose?  Do you have any left?

Kudos on this.  The more I read what you have to say, the more comfortable I am with my investment in this coin.

You make good points and I am enjoying the debate.

The problem I see and the mistake that most people in cryptocurrency circles make, is thinking of these coins as pure currency like dollars.  Instead of dollars, you want Darkcoin.  Instead of the Federal Reserve, you want the free market.  

With dollars, there is an entity that says, "THIS is the means of exchange" and there hasn't been any real competition for hundreds of years.  With cryptocurrency, there is new competition every single day.  At some point developers of a coin may say, "We're done except for critical bug fixes" but we've begun a new era of currency/economic exchange.  Technology is progressing at an ever-increasing rate and that top 10 coin that is "Done" today will be nothing in 3, 5, or 10 years because technological innovations will make it obsolete and new coins will take over.  In order for a coin to continue to dominate, it will have to adapt to changing technology, economic situations, and governmental regulation (not saying they have to comply with regulations of course but it will affect cryptocurrencies).

In order to compete, a coin needs top developers who are creative innovators, strong business acumen, and a militant community of supporters.  Because of the low burden of entry and enormous potential reward in cryptocurrency, many good developers who enter the field are going to want to start their own coin which will lead to brain dilution.  Through the strategic use of acquisition, those developers can be brought under a single umbrella.  Without it, a coin WILL be passed sooner or later.  Look at the number of developers behind Ripple and the kind of people in charge there.  As more money pours into cryptocurrency and it becomes a bigger industry, there WILL be business seasoned/hardened executives leading coin development initiatives.  And I guarantee you they will be doing strategic acquisitions and the big money investors/hedge fund types will love it.  Taking the means to acquire coins off the table would be an enormous mistake.

There's a reason companies like Google and Apple buy up tons of small companies each year.  Occasionally it's for the technology, but the vast majority of the time it's for the developers.  If either company stopped and said, "We're done" they understand that, despite their positions today, with the way technology is advancing, they would be nothing within a short time.

Why?

Creating additional shares in a business is very common practice.  And if done properly and used in a beneficial manner, investors are ok with share dilution because they understand it will lead to greater value of their existing shares.

Now, if you were acquiring a coin, what you care most about is the developer(s).  As such, you would set very strict vesting intervals to ensure that the dev continued to work on the coin and reach set goals. 

I've begun investing in Spreadcoin as the dev appears to be above average and I invest in devs first and foremost.

While I understand your perspective, there's nothing wrong with good developers setting off on their own and working to innovate.  One thing business executives tend to struggle with is letting good developers go.  I always counsel them to let them go in a very positive light and if they think highly enough of the developer, to even offer to invest in the startup.  

The top 25 altcoins are relatively expensive.  I suspect the top 10 altcoins five years from now will be there because of a combination of innovation and strategic acquisition of other altcoins.  I was very pleased to see Evan thinking this way with Shadowcash though how that was done was... rather amateur (no offense intended Evan, I think highly of you).  

Rather than thinking of these altcoins as competitors and creating bad blood, I would strongly suggest this community begin to look at them as potential acquisition targets or business allies.  The weak coins will die off on their own over time.  The strong ones?  Those are the ones you want to do business with in one way or another.

Sounds great.  Please keep us updated on your progress.  I suspect the more progress we see, the more the price of SPR is going to go up.

Please see this: https://darkcointalk.org/threads/roadmap-plans-for-the-next-release.3174/ if you haven't already.

We're in a holding pattern waiting to see what direction Mr. Spread decides to go with the coin.

The more the value of the coin goes up, the more people are willing to wait weeks or even months for a reward as long as the reward comes eventually.  As long as it is profitable, there will be mining.

This also makes masternodes that much more valuable.  For those that want a regular payout of Spread, if Mr. Spread implements masternodes, then that option will be available to them.  Darkcoin masternodes are paying out like clockwork at this point.

If Mr. Spread decides to implement masternodes, I suspect this coin is going to become hard to obtain pretty quickly.

I recommend taking BetaSharex off the list of exchanges.  They're useless and people are getting screwed as the market gets put on hold then finally taken off over and over again.

Anyone can setup a masternode if you have 1000 coins (or whatever rate a developer sets them at).  A miner can just mine, a miner can mine AND have a masternode, and someone who doesn't mine can have a masternode.  If you have 2000 coins, you can have two masternodes.  If you have 10,000 coins, you can have 10 if you want.  If you plan to hold onto a coin that allows masternodes, it makes a LOT of sense to setup a masternode since they're so profitable.  Why not earn additional coins AND make the network more secure?

First, I would strongly suggest keeping them named Masternodes.  I would also suggest that they require 1000 Spreadcoin to "operate".  "Cost" 1000 Spreadcoin isn't a good way to put it, because you don't spend the 1000 SPR, you simply make them connected to the masternode.  You can spend them anytime, but as soon as you do, the masternode becomes inactive.  It's quite rare to see people disable/spend a masternode once it's setup, so what that means, is that for every masternode there is, 1000 coins are out of circulation.  There are over 1300 Darkcoin masternodes which means 1,300,000 DRK are out of circulation!  Truly amazing.

Masternodes are decentralized, trustless mixers for the anonymous side of Darkcoin.  BUT, they are also going to have additional functionality built on top of them.  "InstantX" which allows for near-instant transactions instead of having to wait for coin confirmations is one such feature that is already being developed.  They are an amazing technology.  A technology that is highly profitable for anyone running one.  It costs over $2,300 to setup a Darkcoin masternode at present.  However, if Mr. Spread allows them for SPR, at present, it would cost less than $50.00 to setup  The thing is, if what happens to SPR is anything like what happened to DRK when masternodes were implemented, that $50.00 to setup will quickly become a thing of the past.  If you look back in the DRK thread, you can find me donating 1,000 DRK to someone.  It's laughable now and I hope the same becomes true of SPR.

Once again, well said.  .001 is absolutely possible within a short time if masternodes are implemented.  I can guarantee some Darkcoin holders also investing in Spreadcoin since they understand the monetary value of masternodes and have operating them down to an art.

Very well said.  However, if Mr. Spread decides to implement DRK features, I would strongly recommend not renaming Masternodes to Spreadnodes.  I would keep them named Masternodes.  Not everything needs to be rebranded and most people know what masternodes are and respect the name and functionality.  I would also keep Darksend as Darksend.  If Spreadcoin was a scam coin, then sure, rename everything and try to rebrand it as your own.  But because this coin has its own innovations that would naturally function very well with DRK innovations, there's no reason to rebrand.  Nobody is renaming the blockchain because it is a trusted technology of Bitcoin.  But they're sure improving upon it with additional innovations.

The very unique thing about Spreadcoin is there aren't going to be any multipools.  A LOT of hashrate in altcoins comes from multipools.  The thing about multipools though, is the vast majority of the coins are quickly sold on exchanges which leads to constant downward pressure in a coin.

The only people mining Spreadcoin are those interested in Spreadcoin.  Not because some algorithm says it's profitable as is the case with multipools, but because the miner thinks the coin has potential.  Such miners tend to hold on to a large percentage of their coins.

This fact, coupled with the upward price pressure of implementing masternodes (if Mr. Spread decides to take that direction) could result in incredible upward movement in the price of SPR over a very short time period.  Such movement will attract the interest of others which will result in additional hashrate.

Most coins hashrate comes before price.  I believe SPR will see the opposite because of its pool-free innovation.

I haven't been this excited about a coin since I came across Darkcoin very early in its life.

I am investing in SPR because of Mr. Spread and his potential to turn this into a coin SUPERIOR to Darkcoin.  Mr. Spread is obviously a very talented developer.  If the current innovations of SPR are coupled with DRK features AND Mr. Spread is able to resolve bugs within the DRK codebase AND improve the coin, all of a sudden SPR is worth $xx,xxx,xxx and is a top 10 coin.

Mr. Spread, have you made a decision as to whether you're going to implement the DRK features?

Masternodes will be PROFITABLE to run.  My suggestion, if Mr Spread implements them, would be to have them require 1000 SPR in their connected wallet to run (just like DRK).  You don't lose that SPR, you can withdraw it anytime, but if you do, the masternode is no longer active.

You need a VPS to run masternodes as well so there is that monthly cost.  However, masternodes would get a portion of each block's mined SPR.  As such, masternodes should inherently be profitable to run.

They also cause the price of the coin to rise because people buy it to get masternodes and take those coins out of circulation. 

Excellent news.

In holding up my side of the bargain, I have a buy wall at 7500 on AllCrypt.  I would do the same on BetaSharex but the market there is currently on hold.

I am also looking to buy 50,000 SPR off exchange at 7500.  If anyone out there has 5000 or more available, please PM me.

If/when Mr Spread begins to implement features, these prices will rise.

Not long after I joined I tried to buy this forum, hahah.  I knew where it was going but wanted to convert it to vbulletin 3.8.x and make it infinitely more user friendly.

No dice. 

If you look back in the history of Darkcoin, you'll see I am an early investor.

It's a which comes first situation, the chicken or the egg.  If you committed to implementing features Darkcoin has, the price of Spreadcoin would go up massively which in turn would make masternodes expensive to create.  I can just about guarantee this because I would buy the heck out of this coin.  The distribution of this coin is already good which means nobody would hold too many masternodes and that number would continue to  "Spread out" over time as this coin gains popularity.  

TheLoneCrouton and I are both Darkcoin investors and both understand that Spreadcoin has what Darkcoin needs and Darkcoin has what Spreadcoin needs.  The first developer to combine the two is going to have an enormously successful coin.

I also have connections with a couple larger exchanges and would help get Spreadcoin listed.