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

[coins101]

Interesting report with a summary of the benefits of big data

"There are five broad ways in which using big data can create value. First, big data can unlock significant value by making information transparent and usable at much higher frequency."

http://www.mckinsey.com/insights/business_technology/big_data_the_next_frontier_for_innovation

[BBS001]

I'm just doing some research into the proportion of full Bitcoin nodes that are owned by coporations.  I'm starting to discover that Bitcoin is far more centralised than many people realise.  Will post my findings when I'm done.

Is this some of what your talking about?
https://twitter.com/lopp/status/673398201307664384/photo/1?ref_src=twsrc

and this,
Mike Hearns comments
http://www.theguardian.com/technology/2016/jan/15/mike-hearn-senior-bitcoin-developer-says-currency-failed-experiment

please post your findings asap stonehedge  
What do we all make of the "failed experiment" and what this means for SPR?

Cheers

BBS

[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.

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

BTC is anything but decentralized anymore!!
With Ripple(XRP) they will have plenty of independent validators online and therefore be more decentralized than BTC in the near future.

[coins101]

I'm just doing some research into the proportion of full Bitcoin nodes that are owned by coporations.  I'm starting to discover that Bitcoin is far more centralised than many people realise.  Will post my findings when I'm done.

Is this some of what your talking about?
https://twitter.com/lopp/status/673398201307664384/photo/1?ref_src=twsrc

and this,
Mike Hearns comments
http://www.theguardian.com/technology/2016/jan/15/mike-hearn-senior-bitcoin-developer-says-currency-failed-experiment

please post your findings asap stonehedge  
What do we all make of the "failed experiment" and what this means for SPR?

Cheers

BBS

Actually no.

This research relates to the businesses and three letter agencies that need to run many full nodes for data gathering, aka AML type stuff.

We can make their lives very difficult.

[MrZillion]

What do we all make of the "failed experiment" and what this means for SPR?

First of all: "failed experiment" is Mike Hearn's experience, not necessarily the truth for everybody else. Although I respect him as a programmer and bitcoin contributor, it is his point of view. I was behind his XP experiment and I hoped it would work out, but it didn't. For what reason? Who's to say. Many times I wanted something, it did't work out and I understood later it was for the best. There are plenty of bitcoin investors who see it for what it is: a crisis that will be resolved.

What it means for SPR: opportunity to build a better product. There is a ton of potential and many new inventions came on top of other inventions, just a better version. I know the SPR dev team is creating a better version. Up to us to support it!

[coins101]

is bitcoin classic about to be adopted?

[defunctec]

is bitcoin classic about to be adopted?

Whats Bitcoin classic? I'v read about it. 2mb blocksize? its about time IMO

I also have a question.. Must the majority of full nodes adopt the new fork for the new fork to become official?
If so, wouldn't PoBN (with potentially 0000s of full nodes) add much stability to Bitcoins network?
I mean if miners did want to fork the network (maliciously) and the majority of users didn't want to accept, surly PoBN
would act as a 'hurdle' at least to those miners, technically making such forks 'not worth doing'.

[e1ghtSpace]

Well someone took a huge dump. But no one is selling, so it looks like we're solid!

[coins101]

is bitcoin classic about to be adopted?

Whats Bitcoin classic? I'v read about it. 2mb blocksize? its about time IMO

I also have a question.. Must the majority of full nodes adopt the new fork for the new fork to become official?
If so, wouldn't PoBN (with potentially 0000s of full nodes) add much stability to Bitcoins network?
I mean if miners did want to fork the network (maliciously) and the majority of users didn't want to accept, surly PoBN
would act as a 'hurdle' at least to those miners, technically making such forks 'not worth doing'.

If you take a look back at the update from Georgem, you should notice that peope will be able to run multiple coins on their service nodes. That is really important. It means you will be able to choose which bitcoin version you want to run, and if you really wanted you could even run multiple versions.

So, service node owners become part of the protocol voting for Bitcoin.

[coins101]

Welcome awoland to the development effort 

https://bitcointalk.org/index.php?action=profile;u=63082

The Russian thread has been paying attention to SPR for some time now and it will be great to get some structured technical input.

[coins101]

Price Analysis And Projected Income From ServiceNodes

Image #2 - Spreadcoin hit new all time highs today since the takeover by georgem and the team.
A big congratulations to gerogem is in order



Image #3 - Why I think spreadcoin's  price will go nuts
We are seeing more volatility and high volume. Servicenodes aren't even out in testnet and we see a marketcap of $400,000 or 0.00020000 sats. IMO a successful test and release of Servicenodes could bring a marketcap of around $1,300,000 - $1,800,000 or 0.0005 - 0.0007 (because of low liquidity). Servicenodes seem to be within reach and i think people know it... People know this could be huge.





Image #4 - Potential income from servicenodes is too good to ignore
We reached $0.085 per SPR today, which we can see at this price how much can be made from owning 10 Servicenodes





Image #5 - Lets adjust it for my prediction upon release of SN's
With an SPR price of $0.40 or $1,850,000 marketcap




Image #6 - Speculation on the price of Spreadcoin once PoBN is released
With an SPR price of $2.00

Hey defunctec

An idea for discussion:

You seem pretty good with a spread-sheet ( )

Can you turn one of these models into a three year cash flow projection?

Do it like you are running a start-up business, so include for things like doing annual accounts.

This could be really important as it could form the basis of a template business plan anyone can use if they want the option  to set up service nodes as formal entities. With a business structure in place, SPR service nodes can be bought and sold within a business wrapper to those that are looking for a ready made business venture with evidence of regular income.

Selling a business is very distinct from offering securities to participate in a business venture. Investments in a business is regulated, selling a business is not (or not in the same way).

For example, setup a company, buy 10 service nodes within that company structure, set up the nodes and run them efficiently, show regular flows of revenues, find a business broker or other business for sale website and sell the business with the service nodes operating within it. Local business sellings rules and other legal stuff for buying and selling businesses doesn't change.

[AnotherNode]

>With a business structure in place, SPR service nodes can be bought and sold within a business wrapper to those that are looking for a ready made business venture with evidence of regular income.

Well that is very interesting.

One of the issues with Dash is that if you need to raise some money you have to dump your Masternode coins which means you have to do it slowly, especially if you have several Masternodes, or do it OTC which is basically what this is saying.

If you can sell all your coins as part of a business that means you don't have dump them and you can also ask for more than their face value?

[coins101]

>With a business structure in place, SPR service nodes can be bought and sold within a business wrapper to those that are looking for a ready made business venture with evidence of regular income.

Well that is very interesting.

One of the issues with Dash is that if you need to raise some money you have to dump your Masternode coins which means you have to do it slowly, especially if you have several Masternodes, or do it OTC which is basically what this is saying.

If you can sell all your coins as part of a business that means you don't have dump them and you can also ask for more than their face value?

The good thing about servicenodes generating 'revenues' is that you have choices. You can run a servicenode as you see fit. You can also buy and sell servicenodes as you see fit.

This is how people work in the real world. Some people set-up businesses, some work for themselves.

I suppose that if you are not very technical, this option allows you to buy a revenue stream and employ others to run the nodes for you. Setting things up in a business also gives you options to transfer the ownership to a pension fund in your name - ie regular tax free income anyone can access?

[defunctec]

is bitcoin classic about to be adopted?

Whats Bitcoin classic? I'v read about it. 2mb blocksize? its about time IMO

I also have a question.. Must the majority of full nodes adopt the new fork for the new fork to become official?
If so, wouldn't PoBN (with potentially 0000s of full nodes) add much stability to Bitcoins network?
I mean if miners did want to fork the network (maliciously) and the majority of users didn't want to accept, surly PoBN
would act as a 'hurdle' at least to those miners, technically making such forks 'not worth doing'.

If you take a look back at the update from Georgem, you should notice that peope will be able to run multiple coins on their service nodes. That is really important. It means you will be able to choose which bitcoin version you want to run, and if you really wanted you could even run multiple versions.

So, service node owners become part of the protocol voting for Bitcoin.

Brilliant! Seeing though most SPR SN owners are going to be crypto fans, id guess they'd choose the "legit" version over the malicious fork, making it very difficult indeed for the miners. It's a little new to me this, a bit shocked still. SN's with DBX 'Decentralised block explorer' will add alot of stability to heavily centralized mined coins! Just brilliant!

[defunctec]

Welcome awoland to the development effort 

https://bitcointalk.org/index.php?action=profile;u=63082

The Russian thread has been paying attention to SPR for some time now and it will be great to get some structured technical input.

Wait, awoland is back working on SPR? I cant see any post relating to SPR from him?

[coins101]

Welcome awoland to the development effort 

https://bitcointalk.org/index.php?action=profile;u=63082

The Russian thread has been paying attention to SPR for some time now and it will be great to get some structured technical input.

Wait, awoland is back working on SPR? I cant see any post relating to SPR from him?

Git

https://github.com/spreadcoin/spreadcoin/commit/0b03fed66ac317a292902ae6025a867a5f4f56a8#diff-04c6e90faac2675aa89e2176d2eec7d8

[defunctec]

Welcome awoland to the development effort 

https://bitcointalk.org/index.php?action=profile;u=63082

The Russian thread has been paying attention to SPR for some time now and it will be great to get some structured technical input.

Wait, awoland is back working on SPR? I cant see any post relating to SPR from him?

Git

https://github.com/spreadcoin/spreadcoin/commit/0b03fed66ac317a292902ae6025a867a5f4f56a8#diff-04c6e90faac2675aa89e2176d2eec7d8

Very cool, wasn't there speculation that awoland was MrSpread back in the day?

[stonehedge]

Welcome awoland to the development effort 

https://bitcointalk.org/index.php?action=profile;u=63082

The Russian thread has been paying attention to SPR for some time now and it will be great to get some structured technical input.

Wait, awoland is back working on SPR? I cant see any post relating to SPR from him?

Git

https://github.com/spreadcoin/spreadcoin/commit/0b03fed66ac317a292902ae6025a867a5f4f56a8#diff-04c6e90faac2675aa89e2176d2eec7d8

Very cool, wasn't there speculation that awoland was MrSpread back in the day?

Yes, people definitely speculated 

[il8me]

Looking into recent negative experience of pokeytex, to lower possibility of it re-happening I suggest simply having md5 signatures of wallet binaries posted at multiple semi-decentralized trustworthy sources: first page of the thread, download page of spreadcoin.info, etc.
Letting a user instantly identify how safe is the wallet binary downloaded from anywhere on the internet.

[coins101]

Super cool.

BitFury 16nm chip in action

https://m.youtube.com/watch?v=3zPpj1JYw38