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

[CHAOSiTEC]

Whats the current progress on servicenodes?
Bitcoin Core upgrade?
Decentralised block ex?
Intelligent testnet environment?

Nothing added to github for months and months. Servicenodes late again and again...

Tell me again why I bother with SPR? Or should I just listen, believe and buy at these "cheap" prices?

I wouldn't be surprised if georgem doesn't release servicenodes at all, pretty grim but I just can't see it.

I'm currently selling most of my coins (unfortunately),  hopefully I can buy back at much lower prices once the market tanks for real.

Good luck everyone, don't be blinded by the prospect of flashing lights, money and fame... think with your head and trade accordingly.

And for ur information georgem is the true dev of this coin if he wasn't him now this coin worth 0 so it's good that u have where to sell  remember this so keep up the good work georgem and congratulations for what u have done till now

Georgem is good (wallet, vangen, nodes, website, blockex), i'll keep a small amount of spr because of this. But i'm also trading, i see the price dropping even more than it already has, so why not sell now and buy later?

My reasoning is the price is where its at because of speculation on service nodes being released soon. Its clearly not going to happen anytime soon. So i expect a small temp bounce in price and then a drop in price to around 6000-7000

Blockexplorer is setup by me, and run by stonehedge, besides that, this is what happened 6 months ago defunctec, you are bit of an impatient person, either hodl, or get out, enough with the half a year drama...

[defunctec]

We keep being told dates and we hear nothing once the date comes, so excuse me for being a little impatient.

If by your logic i'm impatient, then the dev team lies about progress of SN's.

Why not inform the community on the real progress of SN development

[ivcelmik]

Whats the current progress on servicenodes?
Bitcoin Core upgrade?
Decentralised block ex?
Intelligent testnet environment?

Nothing added to github for months and months. Servicenodes late again and again...

Tell me again why I bother with SPR? Or should I just listen, believe and buy at these "cheap" prices?

I wouldn't be surprised if georgem doesn't release servicenodes at all, pretty grim but I just can't see it.

I'm currently selling most of my coins (unfortunately),  hopefully I can buy back at much lower prices once the market tanks for real.

Good luck everyone, don't be blinded by the prospect of flashing lights, money and fame... think with your head and trade accordingly.

And for ur information georgem is the true dev of this coin if he wasn't him now this coin worth 0 so it's good that u have where to sell  remember this so keep up the good work georgem and congratulations for what u have done till now

Georgem is good (wallet, vangen, nodes, website, blockex), i'll keep a small amount of spr because of this. But i'm also trading, i see the price dropping even more than it already has, so why not sell now and buy later?

My reasoning is the price is where its at because of speculation on service nodes being released soon. Its clearly not going to happen anytime soon. So i expect a small temp bounce in price and then a drop in price to around 6000-7000

Blockexplorer is setup by me, and run by stonehedge, besides that, this is what happened 6 months ago defunctec, you are bit of an impatient person, either hodl, or get out, enough with the half a year drama...

He just want to buy cheap coins from weak hands

[stonehedge]

While Georgem is busy working on service nodes there have been no updates to the community for too long.

The regular"stay tuned" messages are simply eroding any momentum and have also nullified a vast amount of work conducted by myself, coins101, minerpage and others.

Yes, I'm confident in this project but given George's current disinclination to work as part of a team, I suspect there is very little for a newcomer to see in this project.

OK, that might mean cheap coins for us but ultimately this code of silence and asking for patience for six months is limiting growth and dissuading people to come on board.

Improvement is badly needed.

[stonehedge]

I understand that github will be updated once we are in testnet.

It's time for a statement from Georgem covering what he is working on, what the difficulties are, and whether the very talented community that we have can assist.

Decentralise everything. Time to decentralise Georgem.

[defunctec]

I whole heartily agree with everything you just said. Such diplomacy.

[entropycoin]

I'm of the belief that georgem will deliver his implementation of servicenodes; he has had plenty of opportunity to artificially inflate the price to much higher levels.  If that were his ultimate goal, he is worse at that than approximating a release date.  Profitability will go to those who are patient.

I appreciate his methodical approach, I operate in a similar way.  Lets not lose sight of the fact that he has effectively revived this project and shifted its focus from a darkcoin light with dynamic nodes to something that has the potential to be far more valuable than trading for bitcoin.

The only issue I have is that of transparency.  There can be unintended costs and externalities.  People with talent leave, wallet size disparity, an increase in centralization.  The price otherwise isn't a major concern.  If spreadnodes are implemented in testnet, we will likely see a top 25 market cap.  When released to mainnet, this has the potential to rival anything in existence.

[rhinomonkey]

Although frustrating at times, delays are to be expected when investing in projects like these. Despite this, I think there does need to be more transparency. If not for the current people involved, then for the potential new members who come and immediately have unrealistic expectations for when things will begin and leave before they really get started (or the ones who never join in the first place). The loss of new community members is the biggest negative externality IMO.

After all, building a strong network of SNs begins first with building and maintaining a strong community.  The good thing is that this doesn't seem like it will be a particularly difficult problem to solve.

[coins101]

Can't really complain about a decent amount of stash like that.  All purchased on the market. Good luck to him / her / them.

I'll be doing my part and working hard to make him / her / them and everyone else supporting the project a decent return and an exciting project to be part of....

Thanks for your patience.

This is a tricky situation to navigate. 

Evan dealt with showing progress by getting stuck in and constantly releasing stuff. That lead to forks, rework, etc.  The code is still being reworked today.

Geoegem seems to be more cautious and he only wants to release code he understands fully and knows will do the job without too much future rework.

This is hare vs. tortoise.

It is difficult to say which is the better approach. The community prefers the hare approach, is my best guess.  Geoegem prefers the tortoise approach.

There is a roadmap, there are steps being followed.  This discussion is really about time expectations and people sitting on the sidelines wanting to get involved more than they are and becoming frustrated.  Everyone wants the same thing, but tension has crept in.

[defunctec]

Can't really complain about a decent amount of stash like that.  All purchased on the market. Good luck to him / her / them.

I'll be doing my part and working hard to make him / her / them and everyone else supporting the project a decent return and an exciting project to be part of....

Thanks for your patience.

This is a tricky situation to navigate. 

Evan dealt with showing progress by getting stuck in and constantly releasing stuff. That lead to forks, rework, etc.  The code is still being reworked today.

Geoegem seems to be more cautious and he only wants to release code he understands fully and knows will do the job without too much future rework.

This is hare vs. tortoise.

It is difficult to say which is the better approach. The community prefers the hare approach, is my best guess.  Geoegem prefers the tortoise approach.

There is a roadmap, there are steps being followed.  This discussion is really about time expectations and people sitting on the sidelines wanting to get involved more than they are and becoming frustrated.  Everyone wants the same thing, but tension has crept in.

Really, I can wait. And i'm sure others are more than willing to wait also.
But setting dates, totally missing them and then releasing 0 progress update is ominous.

It's Ok to miss deadlines, but at least explain the hold up.

I just wanted to make it clear, i don't want anyone to rush anything, just an honest projection of where dev progress is at.

[Propagandalf]

How would one go about to sell someone a vanity address? Do you have to give away the entire wallet, or is it possible to somehow transfer one address to another wallet?

Is the SatoshiNakamoto1 competition still on?

[georgem]

thanks everybody for your input/opinions.

This will require a more in depth answer to clarify things, but alas it is sunday, and tomorrow I do have a full workday.
(can't you natives find a better date to start a riot? lol )

Anyway,  I'm not going to write this off with a superficial answer, I will thoroughly elaborate on this.
(I have isolated four or five critical points that I will dissect as soon as possible)

But one thing is for sure: I am here to stay, and spreadcoin has a bright future.  

Stay tuned!

[Abou Talha]

and spreadcoin has a bright future.  

Mmmh, I like to hear that. Take your time, dev. Aslo, a servicenodes release after the BTC halving isn't a problem for me.

[stonehedge]

thanks everybody for your input/opinions.

This will require a more in depth answer to clarify things, but alas it is sunday, and tomorrow I do have a full workday.
(can't you natives find a better date to start a riot? lol )

Anyway,  I'm not going to write this off with a superficial answer, I will thoroughly elaborate on this.
(I have isolated four or five critical points that I will dissect as soon as possible)

But one thing is for sure: I am here to stay, and spreadcoin has a bright future.  

Stay tuned!

Thanks Georgem, it's nice to hear you state your intention to address concerns.

[coins101]

How would one go about to sell someone a vanity address? Do you have to give away the entire wallet, or is it possible to somehow transfer one address to another wallet?

Is the SatoshiNakamoto1 competition still on?

Just send the private key. The wallet will know the public key. However, the new owner will know someone else has the private key, so it's a tricky deal to make.

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.

[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.

[stonehedge]

(can't you natives find a better date to start a riot? lol )

I'm Wat Tyler!

https://en.wikipedia.org/wiki/Wat_Tyler

[coins101]

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?

[Propagandalf]

I think it is a great idea, which could attract a lot of new users.

So, will we have to find a case match for "Satoshinakamoto1" or are variations allowed, such as "SatoshiNakamoto1" (which looks nicer)?

Do you have to have a minimum of 100 SPR to even use the Vanity Gen, or is this number based on something else?

[coins101]

I think it is a great idea, which could attract a lot of new users.

So, will we have to find a case match for "Satoshinakamoto1" or are variations allowed, such as "SatoshiNakamoto1" (which looks nicer)?

Do you have to have a minimum of 100 SPR to even use the Vanity Gen, or is this number based on something else?

The 100 or 500 SPR is required to prevent botnets. It also makes the competition more compelling to consider giving away some of the Coinbase.