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

[georgem]

I love how activity seems to follow the "sunrise" terminator line.
But not sunset?
hm...

what is this anyway? It's not WW3, I know that much.

[coins101]

I love how activity seems to follow the "sunrise" terminator line.
But not sunset?
hm...

what is this anyway? It's not WW3, I know that much.

Inspiration

https://bitnodes.21.co/nodes/live-map/

[BBS001]

Look like everyone waking up and "Putting the kettle on" . T anyone 

[defunctec]

Emercoin

Code:

e6e8e9e552a643c1;emercoin-qt;e6e8e9e5;d8eee032f95716d0cf14231dc7a238b96bbf827e349e75344c9a88e849262ee0;1386628033;6661;

Not too sure I did this correctly.

It looks good but please post your results (without the [/code.]) to

http://spreadcointalk.org/index.php?topic=731.0

Thanks alot

[coins101]

This is really depressing.

There are only 2,300 full Bitcoin nodes that are available 100% up time. While the figures from bitnodes shows around 5,500, that number is, apparently, misleading.

Bitcoin is running off a number of nodes which I always thought was the minimum number given the current growth of Bitcoin and the block chain.

https://youtu.be/RWeIEFBrItE?t=11m0s

When @stonehedge releases his research on full nodes, you'll understand why this is depressing.

[coins101]

37kWh per transaction?



The true cost of each Bitcoin transaction is much, much, much higher than I ever thought.

https://youtu.be/RWeIEFBrItE?t=47m21s

[AnotherNode]

It does look like Bitcoin has a storm heading its way. Spreadcoin is perfectly positioned to help with a problem that very few people are even aware is a problem. This could be one of those right time, right place opportunities for both Bitcoin and Spreadcoin.

[stonehedge]

It does look like Bitcoin has a storm heading its way. Spreadcoin is perfectly positioned to help with a problem that very few people are even aware is a problem. This could be one of those right time, right place opportunities for both Bitcoin and Spreadcoin.

I reckon its an opportunity that's too good to be missed. Maybe block explorer needs to be shelved for a while in order to start building the service network.

[AnotherNode]

It does look like Bitcoin has a storm heading its way. Spreadcoin is perfectly positioned to help with a problem that very few people are even aware is a problem. This could be one of those right time, right place opportunities for both Bitcoin and Spreadcoin.

I reckon its an opportunity that's too good to be missed. Maybe block explorer needs to be shelved for a while in order to start building the service network.

I thought that the two things were connected. I think I can see why you would need to have access to multiple explorers to form part of the Bitcoin full node implementation.

[defunctec]

It does look like Bitcoin has a storm heading its way. Spreadcoin is perfectly positioned to help with a problem that very few people are even aware is a problem. This could be one of those right time, right place opportunities for both Bitcoin and Spreadcoin.

I reckon its an opportunity that's too good to be missed. Maybe block explorer needs to be shelved for a while in order to start building the service network.

Here here!

[entropycoin]

I expect that I need another 50 hours or so to finish everything and put all the loose ends together before we can start testing it.

This could mean best case, that I will be ready in 1 week, or worst case by the end of january.

Is end of January still looking feasible?

[coins101]

37kWh per transaction?



The true cost of each Bitcoin transaction is much, much, much higher than I ever thought.

https://youtu.be/RWeIEFBrItE?t=47m21s

This guy runs a mining and hosting for a fee operation, so he knows about costs (I suppose the Chinese don't really pay electricity).



Interesting that the risks to Bitcoin that we thought would be really big risks are being brought up by those closest to mining:

The Bitcoin halving this year will be painful, unless there is a price increase, but the halving in 4 years time is a 'survival' event.

http://pastebin.com/B8YQr5TQ

[defunctec]

37kWh per transaction?


The true cost of each Bitcoin transaction is much, much, much higher than I ever thought.

https://youtu.be/RWeIEFBrItE?t=47m21s

This guy runs a mining and hosting for a fee operation, so he knows about costs (I suppose the Chinese don't really pay electricity).



Interesting that the risks to Bitcoin that we thought would be really big risks are being brought up by those closest to mining:

The Bitcoin halving this year will be painful, unless there is a price increase, but the halving in 4 years time is a 'survival' event.

http://pastebin.com/B8YQr5TQ

If the price didn't increase and block half'd, wouldn't miners switch of their rigs? lowering price per transaction?

[coins101]

37kWh per transaction?


The true cost of each Bitcoin transaction is much, much, much higher than I ever thought.

https://youtu.be/RWeIEFBrItE?t=47m21s

This guy runs a mining and hosting for a fee operation, so he knows about costs (I suppose the Chinese don't really pay electricity).



Interesting that the risks to Bitcoin that we thought would be really big risks are being brought up by those closest to mining:

The Bitcoin halving this year will be painful, unless there is a price increase, but the halving in 4 years time is a 'survival' event.

http://pastebin.com/B8YQr5TQ

If the price didn't increase and block half'd, wouldn't miners switch of their rigs? lowering price per transaction?

Yes they would switch off their rigs, except those miners in China that are based next to small hydro plants that generate electricity that no one wants, so they give it away free to Bitcoin miners for a share of the rewards.

KnC has seen this risk and is also building a new facility and its own hydro plant (those guys are seriously smart). For everyone else, when they switch off, mining will be pushed even further into Chinese hands. How will this play out for Bitcoin security?

Will it eventually lower the price per transaction? Who knows.

[defunctec]

37kWh per transaction?


The true cost of each Bitcoin transaction is much, much, much higher than I ever thought.

https://youtu.be/RWeIEFBrItE?t=47m21s

This guy runs a mining and hosting for a fee operation, so he knows about costs (I suppose the Chinese don't really pay electricity).



Interesting that the risks to Bitcoin that we thought would be really big risks are being brought up by those closest to mining:

The Bitcoin halving this year will be painful, unless there is a price increase, but the halving in 4 years time is a 'survival' event.

http://pastebin.com/B8YQr5TQ

If the price didn't increase and block half'd, wouldn't miners switch of their rigs? lowering price per transaction?

Yes they would switch off their rigs, except those miners in China that are based next to small hydro plants that generate electricity that no one wants, so they give it away free to Bitcoin miners for a share of the rewards.

KnC has seen this risk and is also building a new facility and its own hydro plant (those guys are seriously smart). For everyone else, when they switch off, mining will be pushed even further into Chinese hands. How will this play out for Bitcoin security?

Will it eventually lower the price per transaction? Who knows.

So mining gets free kw's and the price per transaction drops off a cliff. The trade off will be more centralisation of mining. But full nodes are the ultimate tool against malicious miners imo, spr could offer a solution to a problem that 95% of coins have.

[georgem]

I expect that I need another 50 hours or so to finish everything and put all the loose ends together before we can start testing it.

This could mean best case, that I will be ready in 1 week, or worst case by the end of january.

Is end of January still looking feasible?

Pretty much.  

I was able to do about 50% of what's still needed.
If might not be able to finish the other half in the next week (collisions with dayjob), so it might slide a few days into first week of february.

I'll probably create an explanatory video about current state of overlay network and how the blockexplorer behaves, so you better know what the problems are I'm working on.

I owe you that much.

[coins101]

I expect that I need another 50 hours or so to finish everything and put all the loose ends together before we can start testing it.

This could mean best case, that I will be ready in 1 week, or worst case by the end of january.

Is end of January still looking feasible?

Pretty much.  

I was able to do about 50% of what's still needed.
If might not be able to finish the other half in the next week (collisions with dayjob), so it might slide a few days into first week of february.

I'll probably create an explanatory video about current state of overlay network and how the blockexplorer behaves, so you better know what the problems are I'm working on.

I owe you that much.

Darkcoin Spreadcoin is going strong. I have a very good feeling about our future.



Thanks to the hardworking dev team.

We need to find someone with your comic creation skills now that you're lead-deving. lol

[rhinomonkey]

http://bitcoinist.net/number-of-ethereum-nodes-grows-exponentially/

I thought this was interesting. ETH has more nodes than Bitcoin despite being more difficult to set up. Eventually will it be possible to incentivize running Ethereum nodes, correct? I know you (Coins101) had mentioned SPR might be able to analyze data from smart contracts. With ETH gathering momentum it seems that SPR might have yet another great opportunity if that is something that can be done down the road.

[georgem]

We need to find someone with your comic creation skills now that you're lead-deving. lol

Being creative like that is fun and relaxing, so when spreadcoin has replaced my dayjob, I'll keep creating animations in my freetime, why not.
Can't wait to show you some of my music too.  

I don't wanna be one of those savant syndrome coders... very good at one thing, but still an idiot.  

My approach to everything is very interdisciplinary!

[entropycoin]

I expect that I need another 50 hours or so to finish everything and put all the loose ends together before we can start testing it.

This could mean best case, that I will be ready in 1 week, or worst case by the end of january.

Is end of January still looking feasible?

Pretty much.  

I was able to do about 50% of what's still needed.
If might not be able to finish the other half in the next week (collisions with dayjob), so it might slide a few days into first week of february.

I'll probably create an explanatory video about current state of overlay network and how the blockexplorer behaves, so you better know what the problems are I'm working on.

I owe you that much.

  My impatience is masking my excitement, I'm just really pumped for testnet whenever that may be. Certainly I'm glad you're taking the methodical approach as the ambitions of the project reach uncharted waters.  Gonna donate to your dev fund as a sign of appreciation for your hard work and would encourage others to do the same