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

[stonehedge]

Such a prize would definitely pique my interest 

[1714465197]

1714465197

[1714465197]

1714465197

[coins101]

I would like to propose a $1m reward for finding Satoshi.



Specifically, finding SatoshiNakamoto vanity gen.

By offering 1 Million $ it suddenly becomes attractive to create a specific ASIC that doesn't hash POW but rather SPR addresses.

And doesn't this mean that those insane numbers of trillions of years (based on CPU hashing) will be reduced by a factor of maybe 10^6 or more.... ?

And all of a sudden* this might start awholenother* ASIC race!  

*

Funny you should say that.

I was actually playing Tribute (by the Pasadenas https://www.youtube.com/watch?v=_21ceBwwJJ8 ) when I thought about all those USB miners that are now forgotten in corners of bedrooms all over the world (paying tribute to those miners who built the BTC network) and how we could have armies of them again looking for van gens of Satoshi. That's why I upped the stakes to SatoshiNakamoto1.

I doubt you would spend $5m on production lines and die casts to get back $1m, but there could be demand for cheap USB miners searching for van gens that would make some production of ASICs worthwhile.

So, perhaps we can send funds to a BTC escrow and keep building up the overall pot. Who knows, it could get to $10m, $100m, or even $1bn by the time someone finds one address.

I can see it now, grannies all over the world dumping Bingo for USB ASICs van gen mining. Houses all over Scandinavia heated with USB ASICs in every room.

There is a nice fit with the BTC Full node initiative too.

This is ready to go now. Only SPR can have a SatoshiNakamoto1 van gen, for now.

[mitache365]

Something in development here? Any roadmap?

[coins101]

Something in development here? Any roadmap?

Yes.

And

Road map (needs some updating)

https://docs.google.com/presentation/d/1QRZskvS6ekYSofsM5WsTQB3-gtHb2KCIymL90eqx_mQ/edit?usp=sharing

[georgem]

....I thought about all those USB miners that are now forgotten in corners of bedrooms all over the world [...] and how we could have armies of them again looking for van gens of Satoshi.

I am afraid that's not how it works.

Every ASIC is always extremely limited in its use case.

All those past USB miners can't even be used to just act as fast SHA-256 hashers for other projects.
They can only do the very specific double SHA-256 function for very specific inputs coming from pools.

All bitcoin pow asic miners can only do that and nothing else.
So they are and will remain useless forever once their profitability is gone.

ASIC = one-time-use throwaway consumergood.

So an ASIC has much more in common with this than anything else:



This means that for vangen purposes you would need to create a different kind of ASIC that hasn't been created yet (as far as I know)

[coins101]

Yeah, I know. Application Specific  

I was just thinking it would be economical to make small ASICs, not the big bastards because people would go bankrupt from the electricity costs without having any income.

USB miners, people wouldn't notice the costs. Actually, its probably Stonehedge that seeded that idea from his little Sha mining hobby  

[georgem]

Yeah, I know. Application Specific  

I was just thinking it would be economical to make small ASICs, not the big bastards because people would go bankrupt from the electricity costs without having any income.

USB miners, people wouldn't notice the costs. Actually, its probably Stonehedge that seeded that idea from his little Sha mining hobby  

I agree, creating smaller devices is always more economically profitable, and not as risky an investment both for the producer and the buyer.

I would love to see a small ASIC device that just does very fast general hashing of
all the common hashing functions currently in use and allows for flexible kinds of inputs.
Meaning you can hash any kind of data.

So it would hash SHA256, RIPEMD-160, all separate X11 functions etc...

and maybe use a buffer of 32-64 Gbyte on the stick so that files that fit on the stick can then be hashed incredibly fast.

The would be the perfect ASIC for van gen.

[coins101]

Yeah, I know. Application Specific  

I was just thinking it would be economical to make small ASICs, not the big bastards because people would go bankrupt from the electricity costs without having any income.

USB miners, people wouldn't notice the costs. Actually, its probably Stonehedge that seeded that idea from his little Sha mining hobby  

I agree, creating smaller devices is always more economically profitable, and not as risky an investment both for the producer and the buyer.

I would love to see a small ASIC device that just does very fast general hashing of
all the common hashing functions currently in use and allows for flexible kinds of inputs.
Meaning you can hash any kind of data.

So it would hash SHA256, RIPEMD-160, all separate X11 functions etc...

and maybe use a buffer of 32-64 Gbyte on the stick so that files that fit on the stick can then be hashed incredibly fast.

The would be the perfect ASIC for van gen.

I'm sure you and Chaos could think up a way to do ASICs for SPR and also van gen mining 

[thelonecrouton]

I wrote a simple android app to help me keep track of my various crypto holdings, here it is with some example addresses:



It's free on Google Play, some of you may find it useful. Works with BTC, LTC, DASH, and any alt with a Chainz block explorer and a Bittrex trading pair, so it can get the ALT/BTC and US$ value for you. If there's some alt that doesn't work, if it has a working public block explorer and exchange its traded on with public API access then I can add it.

Just updated to v3 which is much faster, if you install it in the next couple of hours you'll probably get v2 and an upgrade message when v3 has settled in.

Might add some email/alarm type notifications for masternode / servicenode / banknode / whatevernode payments when I get the chance.

https://play.google.com/store/apps/details?id=org.crouton.lone.mybanknodes&hl=en

[coins101]

I wrote a simple android app to help me keep track of my various crypto holdings, here it is with some example addresses:



It's free on Google Play, some of you may find it useful. Works with BTC, LTC, DASH, and any alt with a Chainz block explorer and a Bittrex trading pair, so it can get the ALT/BTC and US$ value for you. If there's some alt that doesn't work, if it has a working public block explorer and exchange its traded on with public API access then I can add it.

Just updated to v3 which is much faster, if you install it in the next couple of hours you'll probably get v2 and an upgrade message when v3 has settled in.

Might add some email/alarm type notifications for masternode / servicenode / banknode / whatevernode payments when I get the chance.

https://play.google.com/store/apps/details?id=org.crouton.lone.mybanknodes&hl=en

Great work, Sir Crouton.

Does that show your holdings / balance on Trex, or just the trading data?

[coins101]

Essential reading.

Former MTGox employee spills the beans

https://www.reddit.com/r/Bitcoin/comments/3fe92x/im_ashley_barr_aka_adam_turner_the_first_mtgox/

[thelonecrouton]

Does that show your holdings / balance on Trex, or just the trading data?

Shows the balance of whatever address it is, if you look closely you might recognise one of the example addresses...

I just get the BTC price of whatever currency it is from Bittrex. BTC/US$ price I get from either Bitfinex or Bitstamp.

[megalox]

does every coin has the goal itself?
i mean why there so many coin out there that look like same coin or copycat..im not talking bad about spreadcoin,,just want to know if this coin has a goal too?

[chrysophylax]

does every coin has the goal itself?
i mean why there so many coin out there that look like same coin or copycat..im not talking bad about spreadcoin,,just want to know if this coin has a goal too?

if you read back - there are many ...

some contested - some argued - some criticized and offers suggested ...

but always with goals in mind ...

so the answer is yes - a few goals here ...

...

#crysx

[coins101]

When do we start chasing SatoshiNakamoto1 for cash or BTC?

[chrysophylax]

When do we start chasing SatoshiNakamoto1 for cash or BTC?

whenever you want ...

im ready ...

#crysx

[coins101]

So lets check everything and get everyone on the same page.



How long before SatoshiNakamoto1 is found?

Are we in agreement that the wallet needs to have 500 SPR balance before commencing its search?

The 500 SPR needs to be sent from SatoshiNakamoto1, with details of the block published?

We are going to keep building up a BTC fund that is aimed at being around $1m, but it will just keep growing. Some of the coinbase mining rewards will be sent to keep building up this fund, say 1% of SPR?

We will need an SPR > BTC exchange to happen, plus muti-sig escrow.

Anything else?

[georgem]

Are we in agreement that the wallet needs to have 500 SPR balance before commencing its search?

There is no reliable way to tie a wallet to a certain address.

To the blockchain, wallets and addresses don't even really exist. (only their derived signatures or publickeys do)

[coins101]

Are we in agreement that the wallet needs to have 500 SPR balance before commencing its search?

There is no reliable way to tie a wallet to a certain address.

To the blockchain, wallets and addresses don't even really exist. (only their derived signatures or publickeys do)

I was thinking about the lucky winner having to demonstrate that their wallet contained 500 SPR before they found the vanity gen.

How would that work?

What I was also thinking is that there needs to be a way to avoid people creating botnets to mine van gens for them. Having to have 500 SPR in your wallet would make botnets impossible unless you wanted to fund a few computers.

Is there no way to have the van gen verify the date when SatoshiNakamoto1 is created?

There must be a way to get some verification 

[georgem]

Is there no way to have the van gen verify the date when SatoshiNakamoto1 is created?

Look at it as if all possible addresses already exist somewhere in the "ether"...

It's not about if an address has been created (they don't have creation dates), but if someone has knowledge about the privatekey of that address.

You can't really know if (or when) someone knows a specific privatekey (maybe they lie or collaborate with someone else who is the real owner),
you can only know with 100% certainty if you yourself know the privatekey or not, and when exactly you aquired it.

Well, what you generally can do is demand that people make a payment to themselves from a certain SPR address back to the same SPR address, this can be a good way to prove possession of an address.

But I guess what I am saying is, that with crypto you can never really be sure that a certain user has control over a certain address.

There must be a way to get some verification  

Somekind of decentralized crowdfunding address where all payed in money is held, until some specific event happens.

hm, I need to do some thinking...