[ANN] SpreadCoin | Decentralize Everything (decentralized blockexplorer coming)

[defunctec]

-Changed reward from 30% to 40%

Therefor i propose lowering the factor of 2880

There is another source of income that we have to consider (but that will not be part of first version).

We can imagine that there will be services that people are willing to pay a small amount of SPR for.

For example an Alert-Service of some kind.

People might want to receive notification when there is movement in some address,
or when a blockchain hasn't updated for X amount of time, etc...

Pay 0.1 SPR (or something) and the servicenode network notifies you when something that interests you happens.

This additional income goes then to miners (and ergo servicenodes).

Yep, those 30-40% will be taken from reward + fees.

Yes that's something to consider for the future.

I was referring more to the very start (first 2 months).

Thinking more, The first 2 months will only see SN's in the hundreds, so it should be relatively profitable to host a node, and once the network is established with over 1600 nodes the market cap of spr will be through the roof anyway...

I will make a new spreadsheet showing an ascending amount of nodes

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[coins101]

@def

At current prices and with 100 Service Nodes, things still look healthy:



My guess is that as nodes increase, the price will increase and so running a ServiceNode should, in theory, always be profitable?

That's what I said!

[georgem]

Yes that's something to consider for the future.

I was referring more to the very start (first 2 months).

Thinking more, The first 2 months will only see SN's in the hundreds, so it should be relatively profitable to host a node, and once the network is established with over 1600 nodes the market cap of spr will be through the roof anyway...

I will make a new spreadsheet showing an ascending amount of nodes

Also take into account that when other coins see that we are actively helping their networks with full nodes...
well,...I strongly expect some of them to return a little appreciation and gratitude by investing in SPR (and indirectly into full nodes of their coin)

 

[coins101]

Hey everyone,

Spreadcoin looks good, but i must admit that im not that technical and there are so many pages so cant really find were to start.

But what Does spreadcoin actually offers thats unique or can someone give me a good summary about spreadcoin ?

I know that many people that are less technical can appreciate it a lot =D. (so will i)

Thx in advance, and devs good luck

Oh, God. That will take ages  

When miners find a block, the coinbase rewards are awarded but the private key is shown which means that if you try to mine with a pool you could have your rewards stolen, so solo mining is much, much safer which discourages pools which in turn promotes decentralisation.

Well, that's one thing to get you going.

[defunctec]

@def

My guess is that as nodes increase, the price will increase and so running a ServiceNode should, in theory, always be profitable?

That's what I said!

So it is! I think i needed to show myself for it to sink in :p

The first SN's to be accepted will be absolutely raking it in 

[coins101]

@def

My guess is that as nodes increase, the price will increase and so running a ServiceNode should, in theory, always be profitable?

That's what I said!

So it is! I think i needed to show myself for it to sink in :p

The first SN's to be accepted will be absolutely raking it in 

Great idea. Maybe we should auction off the first few. Lol

[Propagandalf]

Is it possible to run a servicenode and use the computer for other stuff at the same time? Does it have to run 24/7?

[georgem]

Is it possible to run a servicenode and use the computer for other stuff at the same time? Does it have to run 24/7?

Since the goal is to serve other people, a servicenode is expected to run 24/7, on a server.

But you could basically run it from your homecomputer, so during the upcoming testnet sessions you can use your computer ofcourse.

But you will get a bad score for your downtime, and will lose your seat immediately, etc...

There is also a punishment in the form of how after you reboot, all your altcoin daemons will have to rally and catch up to get synched with all their networks again.(which causes very high CPU load)

It's much smoother and less load on your CPU if your full nodes are kept uptodate all the time and just need to process new incoming data (a block at a time).

[Gladimor]

There is a thread for SpreadCoin in the Altcoin Discussion section:

https://bitcointalk.org/index.php?topic=1306022.0

[defunctec]

Ok so i just knocked this up.

I changed the coin base allocation from 40% back to 30% (As it won't be needed)

I set out to completely go over the reward/cost of the whole operation...

Here's what i found ()

https://docs.google.com/spreadsheets/d/1sqwY4qRWB2zqJEk9kiZB0mHPi9A6Vfuu3QA-ruy4Q8s/edit#gid=203461156 (bottom right tab (ascending))

[Mrboot]

Does anyone have any details about the supernodes ? only used the simple POS coins , is the basic the same ?

Also how much coins do you need and wil a rasp pi be good enough to run one ?

So many questions from a noob (sorry about that)

[Gladimor]

Please retweet to Poloniex:

https://twitter.com/SpreadCoinTeam/status/685931021498454016

[BBS001]

Being able to read and interpret the data of multiple chains in one client is the first step towards being able to bridge them. Service nodes can potentially be bridging points between chains ie send one coin, receive another.

Exciting stuff

When you say "being able to bridge them", isn't that what "Ripple/xrp" will do?  And MS is adding a Ripple validator node to Azure.

[coins101]

@bumpbitch:

[defunctec]

Being able to read and interpret the data of multiple chains in one client is the first step towards being able to bridge them. Service nodes can potentially be bridging points between chains ie send one coin, receive another.

Exciting stuff

When you say "being able to bridge them", isn't that what "Ripple/xrp" will do?  And MS is adding a Ripple validator node to Azure.

Isn't Ripple/XRP semi centralized?

Edit:

I think this is pretty accurate about Ripple. They are more centralized because of all the regulations they are complying with in order to combat anti money laundering and other know your customer type of compliance. Also, if you look at their advisory board it is composed of many in previous government positions and this will contribute to their centralized aspect of work. Big companies that play by Wall Street rules and are in bed with government to some extent are also within some of the investors of this new institutional digital currency. But even with this Ripple will bring much benefit to average consumers as well and not just the big players.

http://bitcoin.stackexchange.com/questions/40448/is-ripple-centralized-or-decentralized

So yeh, its centralized.

SPR could potentially do what ripple does without regulation or oversight.

[bitcreditscc]

Being able to read and interpret the data of multiple chains in one client is the first step towards being able to bridge them. Service nodes can potentially be bridging points between chains ie send one coin, receive another.

Exciting stuff

When you say "being able to bridge them", isn't that what "Ripple/xrp" will do?  And MS is adding a Ripple validator node to Azure.

Why on earth would I touch that nonsense? WE do decentralized solutions.

[coins101]

I like that we are looking at something that even the biggest software companies are also just starting to look at - this is from IBM:

[e1ghtSpace]

Are there any bounties available? I have a lot of free time on my hands currently.

Does anyone know an easy way to buy Spreadcoins using a debit card?

[BBS001]

Being able to read and interpret the data of multiple chains in one client is the first step towards being able to bridge them. Service nodes can potentially be bridging points between chains ie send one coin, receive another.

Exciting stuff

When you say "being able to bridge them", isn't that what "Ripple/xrp" will do?  And MS is adding a Ripple validator node to Azure.

Isn't Ripple/XRP semi centralized?

Edit:

I think this is pretty accurate about Ripple. They are more centralized because of all the regulations they are complying with in order to combat anti money laundering and other know your customer type of compliance. Also, if you look at their advisory board it is composed of many in previous government positions and this will contribute to their centralized aspect of work. Big companies that play by Wall Street rules and are in bed with government to some extent are also within some of the investors of this new institutional digital currency. But even with this Ripple will bring much benefit to average consumers as well and not just the big players.

http://bitcoin.stackexchange.com/questions/40448/is-ripple-centralized-or-decentralized

So yeh, its centralized.

SPR could potentially do what ripple does without regulation or oversight.

Don't get me wrong here, I am in on SPR and I don't want to be a downer at all, but..... You say SPR could do in the future, what Ripple IS doing today, and this is with all the regulation and oversight. Ripple are way ahead in this field (x-Boarder payments), yes working with the system and it's going to happen. This will help to legitimise ALL crypto's in the mind of the everyday user, it will be good for all. imo
enduser's= 80% of worlds population that still has no idea what's going on, let alone cares anymore.

What with another possible banking crisis and terrorism and the other s*/t going on around the world.
I think it will be what the everyday person/enduser (Drone/Zombie) trusts, and that will be AML/KYC policies and probably alot more security than there is today!

decentralized second layer on top of Bitcoin and  Big Data mining is what got me excited about this coin. This is very interesting stuff indeed.
The SPR should stick to this path full steam ahead.

Data=information=power=$£

[antonio8]

@georgem

I understand why there is only one ip connection and not being able to use home computer with multiple wallets but question. Is it possible to limit to say two or three connections from one IP address?

I know why servers are better and the limited downtime that can occur from connection issues but just wanted to ask.