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

[rhinomonkey]

I still want the find Satoshinakamoto1 van gen competition to go ahead.  But that's just me. The community needs to be fully on board too, especially if we ask for a proportion of the Coinbase to be put to one side to build up the incentives.

I don't know enough about it to voice an opinion either way & maybe others feel the same. Perhaps you could make a case for it?

It has been a few months since it was brought up so it may have fallen out of collective memory.

The last time I tried to explain the competition, several people thought we were running a lottery and started talking about regulations.

Let's try to explain it again. But first, this is NOT a lottery competition.

The link with the lottery was to show a phenomenon that is seen when a lotto prize fund gets bigger > the odds of winning don't change, but the numbers of people buying tickets explodes.

The find Satoshinakamoto1 competition is basically this:

1. Put 100 (or 500, or 1,000) SPR into an address you remain 100% in control of.

2. Search for the address Satoshinakamoto1

3. Each day x% of the SPR rewards goes to a prize fund

4. The person who finds Satoshinakamoto1 gets the prize fund

5. When the prize fund is awarded, the competition continues - Satoshinakamoto2

The principle is that as the prize fund gets bigger on a daily basis, more people will download a wallet and try to find the Satoshinakamoto1 vanity address.  But in order to qualify to participate, you need a wallet and 100 SPR (which remains yours).

That's it.

Now. What would happen if the prize fund were to ever reach 1,000 BTC...How many people would participate?

That percentage would detract from node rewards, right? Do you think there would be any sort of noticeable adverse effect on incentives to run nodes/ mine or would it be a relatively small percentage?

I would support the competition, but I think my CPU would have pretty tiny chances of ever finding the winning address lol. But, as lottery players say... "You never know!" (Not to reinforce the lottery comparison)

[1715635534]

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[1715635534]

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[bathrobehero]

I still want the find Satoshinakamoto1 van gen competition to go ahead.  But that's just me. The community needs to be fully on board too, especially if we ask for a proportion of the Coinbase to be put to one side to build up the incentives.

I don't know enough about it to voice an opinion either way & maybe others feel the same. Perhaps you could make a case for it?

It has been a few months since it was brought up so it may have fallen out of collective memory.

The last time I tried to explain the competition, several people thought we were running a lottery and started talking about regulations.

Let's try to explain it again. But first, this is NOT a lottery competition.

The link with the lottery was to show a phenomenon that is seen when a lotto prize fund gets bigger > the odds of winning don't change, but the numbers of people buying tickets explodes.

The find Satoshinakamoto1 competition is basically this:

1. Put 100 (or 500, or 1,000) SPR into an address you remain 100% in control of.

2. Search for the address Satoshinakamoto1

3. Each day x% of the SPR rewards goes to a prize fund

4. The person who finds Satoshinakamoto1 gets the prize fund

5. When the prize fund is awarded, the competition continues - Satoshinakamoto2

The principle is that as the prize fund gets bigger on a daily basis, more people will download a wallet and try to find the Satoshinakamoto1 vanity address.  But in order to qualify to participate, you need a wallet and 100 SPR (which remains yours).

That's it.

Now. What would happen if the prize fund were to ever reach 1,000 BTC...How many people would participate?

You'd find Satoshinakamoto1 through 9 much faster if you'd trying to go for Satoshinakamoto without the number.

Also, there's no way to tie a minimum SPR amount to use the vanity gen. There are vanity gens that are not tied to the wallet.

But the lottery idea is great.

[georgem]

Sounds like a scam.   Might as well search for scammernakamoto.  Do not take from our hard earned nodes!  I thought spread coin was above all that.  We do not want to turn into fedoracoin do we?
~GRC

Don't worry, I think people here are just brainstorming, so always take such unofficial ideas with a grain of salt.

One day we might have a vanitygen-competition, but only if it can run on top of a blockchain-based crowd-funding mechanism, where participants themselves decide the goal of the competition and the prize-collateral they are willing to bet. No middlemen whatsoever. And most importantly: people who don't want to participate, don't need to.
Such schemes must always work in a trustless, permissionless manner, where nobody has any control or liability: with only cryptography as the sole guardian needed.

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

[Abou Talha]

Please bare with me for a few more days, to get everything in order.

I'm still here, georgem, as every day. Your project is great. Keep up the good work !

[georgem]

Please bare with me for a few more days, to get everything in order.

I'm still here, georgem, as every day. Your project is great. Keep up the good work !

Thank you, I certainly need to step it up a notch.

[rhinomonkey]

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

Encouraging to hear! Undoubtedly, there will be exciting times ahead!!

Looking forward to learning more about your work up to this point.

https://www.youtube.com/watch?v=8rPLG-svY2w

[coins101]

Hail Hydra

[georgem]

Hail Hydra

haha, why, those are the bad guys!

[CHAOSiTEC]

Hail Hydra

haha, why, those are the bad guys!

hmm i guess it depends on your point of view lol

[coins101]

Automated escrow Is here
https://bitcointalk.org/index.php?topic=1378318.msg14021961#msg14021961

[bathrobehero]

I tried the standalone Spreadcoin vanity gen (https://github.com/spreadcoin/vanitygen) but it doesn't seem to work.
It finds matches but when I import the priv key into a wallet it gives a different public address.
I tried specifying a version number (-X) but whatever I add will lead to vanity gen telling me that addresses should start with 1 and not S which is clearly not right so I'm confused.

[georgem]

I tried the standalone Spreadcoin vanity gen (https://github.com/spreadcoin/vanitygen) but it doesn't seem to work.
It finds matches but when I import the priv key into a wallet it gives a different public address.
I tried specifying a version number (-X) but whatever I add will lead to vanity gen telling me that addresses should start with 1 and not S which is clearly not right so I'm confused.

Vanitygen uses uncompressed addresses by default.

Spreadcoin uses compressed ones.

You can best study the structure of any coins addresses by using http://www.universalwalletgenerator.net/
(Set it up for SPR addresses)

[bathrobehero]

I tried the standalone Spreadcoin vanity gen (https://github.com/spreadcoin/vanitygen) but it doesn't seem to work.
It finds matches but when I import the priv key into a wallet it gives a different public address.
I tried specifying a version number (-X) but whatever I add will lead to vanity gen telling me that addresses should start with 1 and not S which is clearly not right so I'm confused.

Vanitygen uses uncompressed addresses by default.

Spreadcoin uses compressed ones.

You can best study the structure of any coins addresses by using http://www.universalwalletgenerator.net/
(Set it up for SPR addresses)

Does that mean the standalone vanitygen is useless?

[stonehedge]

Sounds like a scam.   Might as well search for scammernakamoto.  Do not take from our hard earned nodes!  I thought spread coin was above all that.  We do not want to turn into fedoracoin do we?
~GRC

Don't worry, I think people here are just brainstorming, so always take such unofficial ideas with a grain of salt.

One day we might have a vanitygen-competition, but only if it can run on top of a blockchain-based crowd-funding mechanism, where participants themselves decide the goal of the competition and the prize-collateral they are willing to bet. No middlemen whatsoever. And most importantly: people who don't want to participate, don't need to.
Such schemes must always work in a trustless, permissionless manner, where nobody has any control or liability: with only cryptography as the sole guardian needed.

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

Georgem, for your first update can you make sure that you address individual concerns?  Its all very well talking about your commitment to decentralisation and experiments that you have conducted but people want to know how your progress against the roadmap is developing and also when other people will be permitted to assist you.

You've got a team of people with significant experience in crypto who are emotionally and financially invested in this project ready and willing to help you. At the moment you are cutting them off.  You aren't even engaging people in the dev slack channel which is why I am speaking publicly here.  I don't think anybody thinks this is wise or acceptable.  At worst, its disrespectful to people who have offered you support both financially and practically.

[defunctec]

Sounds like a scam.   Might as well search for scammernakamoto.  Do not take from our hard earned nodes!  I thought spread coin was above all that.  We do not want to turn into fedoracoin do we?
~GRC

Don't worry, I think people here are just brainstorming, so always take such unofficial ideas with a grain of salt.

One day we might have a vanitygen-competition, but only if it can run on top of a blockchain-based crowd-funding mechanism, where participants themselves decide the goal of the competition and the prize-collateral they are willing to bet. No middlemen whatsoever. And most importantly: people who don't want to participate, don't need to.
Such schemes must always work in a trustless, permissionless manner, where nobody has any control or liability: with only cryptography as the sole guardian needed.

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

Georgem, for your first update can you make sure that you address individual concerns?  Its all very well talking about your commitment to decentralisation and experiments that you have conducted but people want to know how your progress against the roadmap is developing and also when other people will be permitted to assist you.

You've got a team of people with significant experience in crypto who are emotionally and financially invested in this project ready and willing to help you. At the moment you are cutting them off.  You aren't even engaging people in the dev slack channel which is why I am speaking publicly here.  I don't think anybody thinks this is wise or acceptable.  At worst, its disrespectful to people who have offered you support both financially and practically.

I'm very sorry but georgem is clinging onto an idea that I don't think he can carry out. I know he is time/money and emotionally invested so it's hard for him to be honest about the real progress, which I suspect is dismal and SNs are along way away. The task is epic and ambitious, so I really can't blame georgem. But he should be honest, 100%, let the price correct and build up from there.

[stonehedge]

Sounds like a scam.   Might as well search for scammernakamoto.  Do not take from our hard earned nodes!  I thought spread coin was above all that.  We do not want to turn into fedoracoin do we?
~GRC

Don't worry, I think people here are just brainstorming, so always take such unofficial ideas with a grain of salt.

One day we might have a vanitygen-competition, but only if it can run on top of a blockchain-based crowd-funding mechanism, where participants themselves decide the goal of the competition and the prize-collateral they are willing to bet. No middlemen whatsoever. And most importantly: people who don't want to participate, don't need to.
Such schemes must always work in a trustless, permissionless manner, where nobody has any control or liability: with only cryptography as the sole guardian needed.

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

Georgem, for your first update can you make sure that you address individual concerns?  Its all very well talking about your commitment to decentralisation and experiments that you have conducted but people want to know how your progress against the roadmap is developing and also when other people will be permitted to assist you.

You've got a team of people with significant experience in crypto who are emotionally and financially invested in this project ready and willing to help you. At the moment you are cutting them off.  You aren't even engaging people in the dev slack channel which is why I am speaking publicly here.  I don't think anybody thinks this is wise or acceptable.  At worst, its disrespectful to people who have offered you support both financially and practically.

I'm very sorry but georgem is clinging onto an idea that I don't think he can carry out. I know he is time/money and emotionally invested so it's hard for him to be honest about the real progress, which I suspect is dismal and SNs are along way away. The task is epic and ambitious, so I really can't blame georgem. But he should be honest, 100%, let the price correct and build up from there.

I make no assumptions but I'd like to think that georgem would ask for help if he was struggling.  What he is setting out to do is achievable and there are plenty of people out there ready and willing to help if he would let them in.

This is a community project but at the moment it feels like georgem is running this solo.

[coins101]

I'm super excited about zero knowledge contingent payments. I stated many pages back that zero knowledge proofs was probably the way to go with PoBN and I am even more confident that it can indeed help with validating PoBN.

https://bitcoincore.org/en/2016/02/26/zero-knowledge-contingent-payments-announcement/

[Propagandalf]

This is a good time to buy more SPR 

[Erkallys]

Sounds like a scam.   Might as well search for scammernakamoto.  Do not take from our hard earned nodes!  I thought spread coin was above all that.  We do not want to turn into fedoracoin do we?
~GRC

Don't worry, I think people here are just brainstorming, so always take such unofficial ideas with a grain of salt.

One day we might have a vanitygen-competition, but only if it can run on top of a blockchain-based crowd-funding mechanism, where participants themselves decide the goal of the competition and the prize-collateral they are willing to bet. No middlemen whatsoever. And most importantly: people who don't want to participate, don't need to.
Such schemes must always work in a trustless, permissionless manner, where nobody has any control or liability: with only cryptography as the sole guardian needed.

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

Georgem, for your first update can you make sure that you address individual concerns?  Its all very well talking about your commitment to decentralisation and experiments that you have conducted but people want to know how your progress against the roadmap is developing and also when other people will be permitted to assist you.

You've got a team of people with significant experience in crypto who are emotionally and financially invested in this project ready and willing to help you. At the moment you are cutting them off.  You aren't even engaging people in the dev slack channel which is why I am speaking publicly here.  I don't think anybody thinks this is wise or acceptable.  At worst, its disrespectful to people who have offered you support both financially and practically.

I'm very sorry but georgem is clinging onto an idea that I don't think he can carry out. I know he is time/money and emotionally invested so it's hard for him to be honest about the real progress, which I suspect is dismal and SNs are along way away. The task is epic and ambitious, so I really can't blame georgem. But he should be honest, 100%, let the price correct and build up from there.

I make no assumptions but I'd like to think that georgem would ask for help if he was struggling.  What he is setting out to do is achievable and there are plenty of people out there ready and willing to help if he would let them in.

This is a community project but at the moment it feels like georgem is running this solo.

I totally support georgem. Why is there so many critics these times ? Such a project take a lot of time, and anyone can contribute without asking the permission ...

[stonehedge]

Sounds like a scam.   Might as well search for scammernakamoto.  Do not take from our hard earned nodes!  I thought spread coin was above all that.  We do not want to turn into fedoracoin do we?
~GRC

Don't worry, I think people here are just brainstorming, so always take such unofficial ideas with a grain of salt.

One day we might have a vanitygen-competition, but only if it can run on top of a blockchain-based crowd-funding mechanism, where participants themselves decide the goal of the competition and the prize-collateral they are willing to bet. No middlemen whatsoever. And most importantly: people who don't want to participate, don't need to.
Such schemes must always work in a trustless, permissionless manner, where nobody has any control or liability: with only cryptography as the sole guardian needed.

As a libertarian I understand the principles of decentralization pretty well, so rest assured that everything I research and develop has the goal of increasing decentralization, or finding new ways of decentralization where it hasn't been tried before.
I am not here to please investors or fintech or my own or someone elses financial needs. But in the end, the world is in dire need of more decentralization so all the aforementioned parties will find value in truly decentralized systems.

That's why I'm building the decentralized blockexplorer.
That's also why I am building servicenodes that run with a competitive collateral. (decentralizing away the need for a "king" that decides the amount of collateral for everybody else)
Literally everything I will work on will have the name "decentralized" in front of it, or else I'm simply not going to touch it.

You get the idea: if it can't be done in a decentralized way, we shouldn't be doing it in the first place.

So with this in mind, I understand that not everybody here has the same mindset. Not even all of the core members.
But I am not here to police other people's "ideas".

But I'll do everything I can to not let conflicting agendas dissuade spreadcoin from achieving true decentralization.

---

So... I'm putting a few things together.

I understand that what people are most waiting to see is some sort of update about the work I've been doing. And not just once, but in a regular manner, maybe once a week?
It will take me a few days to put all the experiments I have done (and their results) in a digestible form that can be publicly presented.
I do have a promising format in mind that I can use to present updates, possibly in the form of a youtube podcast.

Please bare with me for a few more days, to get everything in order.

Thanks everybody!

Georgem, for your first update can you make sure that you address individual concerns?  Its all very well talking about your commitment to decentralisation and experiments that you have conducted but people want to know how your progress against the roadmap is developing and also when other people will be permitted to assist you.

You've got a team of people with significant experience in crypto who are emotionally and financially invested in this project ready and willing to help you. At the moment you are cutting them off.  You aren't even engaging people in the dev slack channel which is why I am speaking publicly here.  I don't think anybody thinks this is wise or acceptable.  At worst, its disrespectful to people who have offered you support both financially and practically.

I'm very sorry but georgem is clinging onto an idea that I don't think he can carry out. I know he is time/money and emotionally invested so it's hard for him to be honest about the real progress, which I suspect is dismal and SNs are along way away. The task is epic and ambitious, so I really can't blame georgem. But he should be honest, 100%, let the price correct and build up from there.

I make no assumptions but I'd like to think that georgem would ask for help if he was struggling.  What he is setting out to do is achievable and there are plenty of people out there ready and willing to help if he would let them in.

This is a community project but at the moment it feels like georgem is running this solo.

I totally support georgem. Why is there so many critics these times ? Such a project take a lot of time, and anyone can contribute without asking the permission ...

My only criticisms are that communication is non existent and progress isn't reported.  This makes it very hard to contribute.

How can a team work together if they have no idea what the lead dev is doing?