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

[CHAOSiTEC]

Good lord.. Updated my old client to the latest one and I'm getting like 1 connection. Anyone have a config file with a node list they can share?

All but one of the old full nodes are dead!

The next QT will have at least 8 stable full nodes in it.

In the meantime, addnode=52.17.253.8 if you want to use my node.  My node has 40+ connections at the moment and has good bandwidth.

Dan

you can also addnode=94.23.23.194 :-)

{
    "version" : 91504,
    "protocolversion" : 70019,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 385972,
    "timeoffset" : 0,
    "connections" : 43,
    "proxy" : "",
    "difficulty" : 18.02900208,
    "networkhashps" : 1114261156,
    "moneysupply" : 2581025.35115666,
    "testnet" : false,
    "keypoololdest" : 1430663159,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}

[1714990810]

1714990810

[1714990810]

1714990810

[1714990810]

1714990810

[1714990810]

1714990810

[e1ghtSpace]

Ok guys so it turns out every time I sell my coins, the price jumps up.
I sold at 12k and was hoping to get in at 10k but you can see what happened.
I'm just going to give up on trading. I'm not going to buy spreadcoins anymore, I'll just keep my 400 I have in my wallet on my PC and keep collecting coins from bounties.
Hopefully the price goes down to 0.00003000 again and then I'll buy.

[Nthused]

Ok guys so it turns out every time I sell my coins, the price jumps up.
I sold at 12k and was hoping to get in at 10k but you can see what happened.
I'm just going to give up on trading. I'm not going to buy spreadcoins anymore, I'll just keep my 400 I have in my wallet on my PC and keep collecting coins from bounties.
Hopefully the price goes down to 0.00003000 again and then I'll buy.

It will only do that after another Dead Cat Bounce.

[Viper1]

Ok guys so it turns out every time I sell my coins, the price jumps up.
I sold at 12k and was hoping to get in at 10k but you can see what happened.
I'm just going to give up on trading. I'm not going to buy spreadcoins anymore, I'll just keep my 400 I have in my wallet on my PC and keep collecting coins from bounties.
Hopefully the price goes down to 0.00003000 again and then I'll buy.

Never get discouraged by how much you "could" have made if you had just held a little longer. As long as you made a profit on your trade, be happy about it because once you give into greed, you will tend to lose far too often.

I haven't really had a good look at the activity of SPR but from what I see right now, I would think about putting a buy order in at 10014, just above the "small" buy wall, and then maybe another one down around maybe 8000 given the dips I see in the chart. Maybe even another down around 4000. It also looks like the coin has almost reached another little peak that will trigger a small sell off which has been a pattern over the last couple weeks.  But like I said, I haven't watched the activity over a few days to see what's really going on there so take that with a grain of salt.

Something else you might want to consider if you do something like that. If you do pick up some more coins, pick a price that's reasonable to sell at given what appears to be the typical trend and then sell an amount of coins that will give you a small profit. That should leave you with some completely "free" coins. It's looking to me like a person could get 5%-10% profit a week while also accumulating a bunch of free coins. I was doing that last year with a couple coins and it worked out really well for me.

[Viper1]

Good lord.. Updated my old client to the latest one and I'm getting like 1 connection. Anyone have a config file with a node list they can share?

All but one of the old full nodes are dead!

The next QT will have at least 8 stable full nodes in it.

In the meantime, addnode=52.17.253.8 if you want to use my node.  My node has 40+ connections at the moment and has good bandwidth.

Dan

you can also addnode=94.23.23.194 :-)

{
    "version" : 91504,
    "protocolversion" : 70019,
    "walletversion" : 60000,
    "balance" : 0.00000000,
    "blocks" : 385972,
    "timeoffset" : 0,
    "connections" : 43,
    "proxy" : "",
    "difficulty" : 18.02900208,
    "networkhashps" : 1114261156,
    "moneysupply" : 2581025.35115666,
    "testnet" : false,
    "keypoololdest" : 1430663159,
    "keypoolsize" : 101,
    "paytxfee" : 0.00000000,
    "mininput" : 0.00001000,
    "errors" : ""
}

Thanks guys.

[gjhiggins]

While certainly interesting and should raise concerns in a lot of people, that was more about whether the currency itself is considered centralized or not. I'm talking about the network, or to be more specific, any functionality that would rely on a "small" pool of nodes that could be compromised.

Fair comment but I think disagree with the likelihood of compromise. Where do you see the attack vectors? The likelihood of a successful sybil attack is the same as the other overlay network coins, basically diminished almost to nothing because of the deposit/stake requirement.

AIUI Spreadcoin gains a degree of protection from eclipse attacks by determining the population of service nodes dynamically via an auction process. As regards “small”,  that's something for georgem to comment on, I guess. Mr Spread had 1440 nodes in mind, that's an ambitious target for an eclipse attack.
 

At the end of they day, my entire point is to avoid anything like the use of masternodes etc in order to reduce the risk to the system as they're just not required due to other options being available.

You're not alone in that view, gmaxwell has also dropped some heavy hints to that effect. It's my problem that I can't see the solution space as clearly as he does and I haven't yet managed to find an actual explanation of how the same functionality can be achieved with these “other options”.

It sort of depends on what services are in the frame. Some mooted services such as automated contracts will run headlong into the symbol grounding problem, will have give up ambitions to be trustless and accept an oracular trusted third-party model. Other mooted services such as InstanTx use only abstract symbols and so (AIUI) can be solidly founded on pure cryptography.


Cheers

Graham

[stonehedge]

Ok guys so it turns out every time I sell my coins, the price jumps up.
I sold at 12k and was hoping to get in at 10k but you can see what happened.
I'm just going to give up on trading. I'm not going to buy spreadcoins anymore, I'll just keep my 400 I have in my wallet on my PC and keep collecting coins from bounties.
Hopefully the price goes down to 0.00003000 again and then I'll buy.

There's a new address on the rich list showing 40001SPR.  Quite an aggressive buying spree.

I filled my bags a month or so ago driving the price up quite a lot for short periods.

People seem keen to hold so it is difdicult to accumulate without quick price jumps.  It will be a low volume coin for a while too.

Don't lose heart.  The bounties will be plentiful (loads of work to be done!) and no doubt the price will fall again after last night's activity.  Whether it settles above or below 10k I cannot say.  

[coins101]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

[coins101]

America wants to control the world

The great thing about the USA is that we know how to ban IPs that come from that country. Digital financial services are not universally banned around the world.

The global online gambling industry has banned the USA for years.

If they want to exclude themselves from the global financial system, let them.

[stonehedge]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

I will add 5,000SPR to the bounty for Bitcoin Core development.  As Coins101 said, it will require a significant amount of specialist work to achieve.

Total Bitcoin Core Development Bounty:  10K SPR

Dan

[minerpage]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

I will add 5,000SPR to the bounty for Bitcoin Core development.  As Coins101 said, it will require a significant amount of specialist work to achieve.

Total Bitcoin Core Development Bounty:  10K SPR

Dan

+ 5k SPR

Total Bitcoin Core Development Bounty:  15K SPR

[CHAOSiTEC]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

I will add 5,000SPR to the bounty for Bitcoin Core development.  As Coins101 said, it will require a significant amount of specialist work to achieve.

Total Bitcoin Core Development Bounty:  10K SPR

Dan

lol you guys are evil, i have no chance of working that amount of time until i get home, which is 11 days from now....

:-p

edit:

ok, this is what im going to do, i will fork bitcoin core on my github page, enyone who wants to help, use that as a base, and send a merge pull request to me, and i will include whatever work has been done from you, when we have something that seems like its done, we are going to do some heavy testing on testnet to make sure there is no promlem with the new client

repo is at https://github.com/FireWalkerX/spreadcoin-core

[coins101]

Farage? Joking, right?

Greens, mate. Vote to save all our daffodils.

I'm not joking, but you are

.........

Sorry, mate - I can't resist reminding you, now Farage has been given the red card.

[Viper1]

America wants to control the world

The great thing about the USA is that we know how to ban IPs that come from that country. Digital financial services are not universally banned around the world.

The global online gambling industry has banned the USA for years.

If they want to exclude themselves from the global financial system, let them.

Why would you think this is only a US issue? It won't be. Not only that, many companies from different countries run their businesses such that they adhere to certain US laws even though the country they're based in don't have the same laws. How many of the masternodes will be run out of peoples homes as opposed to being hosted with some other company? How many hosting companies don't allow things like Tor nodes, adult content or anything to do with Torrents? I read somewhere today that a high number of dash masternodes are hosted with amazon. So, what happens if/when some regulations/laws are put in place where hosting companies around the world shut down any accounts that are running anything to do with virtual currency? Over the last few years, how many file sharing/download etc type sites have been shut down? I'll just put this here. Note this was a company based in Hong Kong. http://en.wikipedia.org/wiki/Megaupload

[coins101]

America wants to control the world

The great thing about the USA is that we know how to ban IPs that come from that country. Digital financial services are not universally banned around the world.

The global online gambling industry has banned the USA for years.

If they want to exclude themselves from the global financial system, let them.

Why would you think this is only a US issue? It won't be. Not only that, many companies from different countries run their businesses such that they adhere to certain US laws even though the country they're based in don't have the same laws. How many of the masternodes will be run out of peoples homes as opposed to being hosted with some other company? How many hosting companies don't allow things like Tor nodes, adult content or anything to do with Torrents? I read somewhere today that a high number of dash masternodes are hosted with amazon. So, what happens if/when some regulations/laws are put in place where hosting companies around the world shut down any accounts that are running anything to do with virtual currency? Over the last few years, how many file sharing/download etc type sites have been shut down? I'll just put this here. Note this was a company based in Hong Kong. http://en.wikipedia.org/wiki/Megaupload

I'm not disagreeing with you. You make some very valid points.

It would be better to find a way to work within the rules, while giving the benefits of decentralisation. This is the trick that Bitcoin is pulling off now. The regulators are changing to adapt because they can't control the tide of change.  They will get it more wrong before they start getting it more right.

As far as I understand it, servicenode operators will be able to pick and choose which services they run - that means they can take account of local laws.

Also, I have been following the megaupload saga. He has started a new business that encrypts the data before it gets uploaded so he can't be accused of knowing what's on his servers. He has recently started accepting bitcoins because he has had his business accounts shutdown.

He is now working on a decentralised internet protocol, mega net, to remove his central point of failure - mega was shut down because it was a company.

[georgem]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

I will add 5,000SPR to the bounty for Bitcoin Core development.  As Coins101 said, it will require a significant amount of specialist work to achieve.

Total Bitcoin Core Development Bounty:  10K SPR

Dan

lol you guys are evil, i have no chance of working that amount of time until i get home, which is 11 days from now....

:-p

edit:

ok, this is what im going to do, i will fork bitcoin core on my github page, enyone who wants to help, use that as a base, and send a merge pull request to me, and i will include whatever work has been done from you, when we have something that seems like its done, we are going to do some heavy testing on testnet to make sure there is no promlem with the new client

repo is at https://github.com/FireWalkerX/spreadcoin-core

Done!

[coins101]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

I will add 5,000SPR to the bounty for Bitcoin Core development.  As Coins101 said, it will require a significant amount of specialist work to achieve.

Total Bitcoin Core Development Bounty:  10K SPR

Dan

lol you guys are evil, i have no chance of working that amount of time until i get home, which is 11 days from now....

:-p

edit:

ok, this is what im going to do, i will fork bitcoin core on my github page, enyone who wants to help, use that as a base, and send a merge pull request to me, and i will include whatever work has been done from you, when we have something that seems like its done, we are going to do some heavy testing on testnet to make sure there is no promlem with the new client

repo is at https://github.com/FireWalkerX/spreadcoin-core

Done!

FYI - Vertoe is going through a similar process at the moment updating Cach to Bitcoin core.

https://bitcointalk.org/index.php?topic=400389.msg11182643#msg11182643

[georgem]

I'm contributing 5k SPR to the Bitcoin Core development as a bounty.

I'll let CHAOSiTECH confirm how that should be shared.

I know the work involved will be significant, so 5k is more of a token gesture by comparison to the effort that is involved.

I will add 5,000SPR to the bounty for Bitcoin Core development.  As Coins101 said, it will require a significant amount of specialist work to achieve.

Total Bitcoin Core Development Bounty:  10K SPR

Dan

lol you guys are evil, i have no chance of working that amount of time until i get home, which is 11 days from now....

:-p

edit:

ok, this is what im going to do, i will fork bitcoin core on my github page, enyone who wants to help, use that as a base, and send a merge pull request to me, and i will include whatever work has been done from you, when we have something that seems like its done, we are going to do some heavy testing on testnet to make sure there is no promlem with the new client

repo is at https://github.com/FireWalkerX/spreadcoin-core

Done!

FYI - Vertoe is going through a similar process at the moment updating Cach to Bitcoin core.

Yeah, it's that time of the season...

[stonehedge]

George, I have another question about the current proposed "auction" model for service nodes.

If each service node will be running the service(s) chosen by the owner of that node, how can the service node network guarantee quality of service for a particular service?

For example, if there were 800 service nodes in the spread and only 50 of those nodes provided a particular service, what could we do to make sure that 25 of those nodes wouldn't be dropped by the spread thus affecting quality of service.  This is a particularly pertinent question because if there will eventually be a variety of services on offer, each service will probably provide different income to the service node operator thus affecting the affordability of running a node providing that service.

Is it as simple as saying that the model decides which services are viable to operate?

[coins101]

^^^Communism