===============SPREADCOIN PROGRESS REPORT 14/04/2015===============From an investor prospective.Spreadcoin is
risky!
Current
marketcap of around $16,000-$18,000, 2,000,000 SPR in circulation, making each SPR worth around 0.007c.
1 BTC invested will bring you around 23,000SPR, looking at
bittrex orderbooks.
MrSpread is gone. A few of the community members have voluntarily agreed to take on the role as SPR's new dev team, the community accepted this quite well.
The future of SPR is uncertain.
Before MrSpread vanished he created an amazing variation of eduffield's (DASH) masternode network.
It consisted of only 1440 masternodes, a unique voting system in which only 1440 MN's could be on the network, meaning if your MN scored poorly (Due to low amount of SPR or bad communication with the network) you will be kicked from the list and a more stable better collateralized MN would be inserted.
In
testnet, the MN network seemed to work.
Then MrSpread left? Maybe because the "no pool" future wasn't as fool proof as he thought.
Not much has really happened in the 6-8 weeks of MrSpreads disappearance.
Georgem has recreated the
windows qt wallet from scratch and is working on the other wallets.
He's also working on the website and mods
spreadcointalk.org.
If i'm not mistaken ,georgem will also be working on the MN code.
Alot of time, alot of work. Will it take months to release MN's for testing?
If so we are going to see price volatility(up and down) from current price levels as investors get uneasy about how much time is being taken to release the network.
So the question is, will the new dev team manage to re-rail Spreadcoin, consolidate issues like (website,blockex)? Can they tweak the code MrSpread left and release the MN network, within a reasonable time period?
Worth a bet IMO.
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