the coin is still being developed. Who knows what will come of it. Sort of like Darkcoin when we first saw it as Xcoin. And it evolved and developed into the coin we know today. Im sure many people had some of the same questions.
Fair enough but the difference is that Darkcoin (or Xcoin as it originally was) set out to fill a void that Bitcoin did not fill. I'm simply asking what void SPR fills to differentiate itself from Bitcoin. Again, the end user doesn't care what algo secures the coin or whether it was mined via pools or not. The main theme behind spreadcoin is decentralization. In whatever form it can be achieved and extended. ("No Pools" is merely the first example of this) Mr. Spread has already mentioned many times that darksend is not something he wants to implement, instead he (and the community) will take a different route. Anonymity is not the main goal of spreadcoin, but decentralization. |
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Testing still going on in test net. If you like to join us and get a first feeling of how masternodes and instantx will work, come join us: http://spreadcointalk.org/index.php?topic=37.0Attention, this is test net, so we are using tSPR, not real SPR. Ask for some tSPR in this thread: http://spreadcointalk.org/index.php?topic=40.0(You are going to need 100 tSPR to install a masternode and you don't need a server to run a masternode, your wallet/desktop pc will do) |
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Three pages of some kids picture. That's constructive.
How is the testing going?
The MN are working as they are supposed to but I believe there is an issue with the instantx (or whatever it is called). It has been a good test so far. There is no issue with instantx, it worked perfectly. But it is limited at the moment to transactions with less than 15 inputs and you need to pay a txfee of 0.001 per input.So, it is not finished yet, and masternodes do net yet handle instantx the way they are supposed to. http://spreadcointalk.org/index.php?topic=37.msg1017#msg1017(ATM there are too many masternodes trying to confirm instant transactions than intended) Mr. Spread is working on it. |
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 That was good. Much better than the overused hitler video. LMAO! BTW, what's with this giant quoting marathon, guys? |
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I put this image in a URL post it everywhere! Get the word out! http://adf. ly/xAQsMWhy put a pic in a URL? Use imgur.com to upload it. |
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Heres your Spread Dynamic masternode warbot. haha I was bored. lol  looks MEAN!  |
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Warbots? I just saw one and waved at him. That's how he reacted:  |
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So many tSPR transactions.. Its kicking well, cant wait to go to mainnet  The more testing we do, the faster the first version will arrive on mainnet. Although first tests have been successful, we still need more testers, especially for instantx feature. Oh, how do i test instantx feature? Im free and in my computer now so i can give it a shot? Basically you just need to add a high enough txfee to your transaction and instantx will be used for your transaction automatically. I'd say use 0.01 SPR in your txfee settings, and you will see that every transaction will start showing not only confirmations but also much faster "masternode confirmations." You might want to read our discussion starting from here: http://spreadcointalk.org/index.php?topic=37.msg908#msg908you can test instantx by sending a transaction to yourself, but it will be more fun if someone else sends you some, or you send to someone else. So join us in the discussion there and post your address there, and we can play ping pong. |
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So many tSPR transactions.. Its kicking well, cant wait to go to mainnet The more testing we do, the faster the first version will arrive on mainnet. Although first tests have been successful, we still need more testers, especially for instantx feature. |
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Initial InstantX testing looking good:  ...12 Masternode confirmations of the transaction in the time it took for the tooltip to pop up and tell me about it, so maybe a second after it hit my wallet... Everybody who wants to test this himself, can do so by joining our test session. Come and register at spreadcointalk.org And ask for some tSPR (testnet SPR) in this giveaway thread: http://spreadcointalk.org/index.php?topic=40.0Learn and discuss how to setup your testwallet here: http://spreadcointalk.org/index.php?topic=37.0 |
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InstantX transactions are working right now on testnet people! Did everyone forget about instant transactions? Which transactions can be made instantly?
Currently these are all transactions with less than 15 inputs and fee of at least 0.001 SPR per input.
Set your fee (Settings -> Options -> Main) to something like 0.01 SPR and then make transaction, e.g. just send money to yourself. Then go to the transactions tab and hold mouse over this transaction, you will see (0 of 6 confirmations, 0 of 7 masternode confirmations). The number of masternode confirmations will update when next block will be mined (in fact it is updated much earlier, it is just that the list of transactions in GUI is updated only each block which makes masternode confirmations rather useless right now). Notice that instant transactions are still incomplete: What is the state of instant transactions implementation in SpreadCoin?
Most effort was put into developing masternode election/payments mechanism, instant transactions are currenrly not fully implemented. Although masternodes confirm them there is no logic in place to replace unconfirmed transactions with the confirmed ones in the case of double spending attacks and to reject blocks with conflicting transactions. Yeah everybody, join us at spreadcointalk, we are testing an early version of instantx. (be sure to set your txfee to atleast 0.01 SPR for it to work) |
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So quick question about the price..... If apparently it is costing people around 50k for mining and with the introduction of masternodes people are estimating that the price for mining would then be 71k a coin then why are there still people dumping this coin or suppressing the price? I mean I'm not complaining because that's more and more cheap SpreadCoin for me  But I'm just kind of lost as to why people would sell their coins for less than they cost to apparently mine? If someone could maybe shine some light on this for me that would be greatly appreciated Cheers It's good that we don't have (multi)pools that would constantly sell their coins into the bidders hands, ... and drive down the price. I don't think those are SPR miners who are selling cheap. I guess we are just in a transformation phase. We have seen large dumping in the past few days. And this is probably not over yet. But also: many people have already made up their mind that SPR is much more valuable than the actual price. People are very content with this first testing phase. Everything worked as planned and the community has shown good teamwork on a large scale. I think with a growing community, even more dev output and testing, this coin has so much more potential. Don't let the dumpers and cheapsellers disturb you, their amount of SPR that they can dump is running out fast. |
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None of you are thinking aggressively enough... Very hypothetical: If I'm a nefarious actor and I have enough SPR to knock off the 1440 lowest mn's with my mn's and then I suddenly pull the plug on my mn's (sell), will there suddenly be a loss of 1440 mn's or are there replacements (below the SPR threshold) always running in the background waiting to fill the gaps? Not possible, we discussed the same case some weeks ago. It would take someone more money than all the coinsupply to do this. (knock off the 1439 lowest mn's) Also, you can secure your MN quite easily: If you manage to keep an MN in the middle of the "spread" (or higher of course) you will always be good. (spread between lowest and highest MN, (It's fascinating that this is also the name of this coin... sigh)) And when I say always I really mean always, considering 21 million max coins and the whole lifecycle of the coin etc. |
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None of you are thinking aggressively enough... Well, the total amount of aggression within a free market can't really be understood by humans, that's why it creates so many victims.  (but also insane amounts of profit and innovation which in turn is the main driver for human prosperity. So all is good, all is well!) |
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It's much more complicated than that though. Because if you stop an existing masternode, you then have to go through the election process again during which time you're not getting paid and go to the end of the line.
Yes, I ommited that deliberately, so that it doesn't get too complex. One step at a time. So, how long does it take on average to change your 1 masternode into 10 masternodes? And can this time be improved? For me, it took me on average about 1 hour for the 50 confirmations, and 3 hours from start to election. How long did it take you guys? EDIT: obviously the 1 hour for the 50 confirmations can be ommited by having those amounts already prepared and confirmed earlier. But this is going to be so costly because you would need such large amounts of SPR. That means, if we have the 20k SPR guy, who wants to switch to 20x 1000 SPR MNs, if he wanted to skip the confirmation time for those 20 MNs, he would need to own atleast 40k SPR in total. |
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You're right, this is going to be an insane game of economics and human behavior.
Absolutely. Imagine someone having an MN with 20k SRP. He recieves 1 payment a day. He may be sitting on top of everybody else, having 1439 smaller MNs below him. Let's call that his condition 1. Now he decides to split those 20k SPR into 20 x 1000 SPR nodes, so he recieves 20 payments a day, plus kicks the lowest 19 people out of the race. How mean. Let's call that condition 2. Then he decides to split those 20 nodes into 100 x 200 SPR nodes, so he recieves 100 payments a day, plus kicks the lowest 99 people out of the race. Now that's diabolical.  Let's call that condition 3. Then he stays in condition 3 for 24 hours, and slowly goes back to condition 2 the next day, and then condition 1 again. My god, could such a thing be automatized and repeated over and over again? Yep... implications? A lot of naive people wising up and improving their strategies, so that 20k SPR guy can't play this game again next time. Or atleast make it harder for him. |
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Started my #spreadcoin twitter promo campaign. Follow me guys! twitter.com/MRCASHKING
Following! Glad we have you on board! (sshhhhh, dudes, this guy has 100k twitter followers...  ) |
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I took a hack at trying to figure out what the average mn size might be in SPR given 1440 risk possible MN's.
Since there are currently 1.71 million SPR in circulation and since most holders want to have as many mn's as is possible given total holdings this would imply an average SPR per mn of about 1190 SPR.
Now the distribution of 1440 mn's, if it is similar to the testnet, will be overall similar in size with gradual increases and decreases.
So if you assume a gradual increase and decrease of about 10 SPR in either direction per 100 mn's until all coins in circulation are used up you get a total range of 1120-1260.
The biggest wildcard here will be exactly what % of total coins in circulation will be in mn's... There's no way it'll be anywhere close to 100%, at least not this early in the game.
JL
Any comments? I think we will see a very unsymmetrical distribution of SPR amounts. The fewest MNs at the top (with high amounts of SPR), and the most MNs around the bottom (with low amounts of SPR). The drive to always decrease your SPR amount close to the absolute minimum of 100 SPR will never go away! Even if all your MNs have 1000 SPR in them, everyday you will think about all the profit that you are missing by NOT splitting them up into smaller entities. And everybody else will have the same thoughts in his head!The profit incentive is insane, because we are talking about a profit multiplication with every division. |
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Thanks. I was thinking about spreadcoin constantly the last two weeks. And I will not stop. Something magic about this coin. |
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