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

[rhinomonkey]

A full bitcoin node incentives mechanism that supports the Bitcoin price?  Those Bitcoin whales will have a field day pushing up the SPR price above $100m

You're not kidding, mate. I don't even think whales will be necessary. There is only 206 bitcoin worth of SPR up for sale - all the way up to parity with BTC.  

Someone market buy please?

[ShelbyDev]

you guys really think it will go that high?

I would like to believe that but that's not an overnight event.

I would assume that's only possible if Service Nodes getting released, not?

Either way, the wallet as posted earlier would be pretty cool also!

[rhinomonkey]

you guys really think it will go that high?

I would like to believe that but that's not an overnight event.

I would assume that's only possible if Service Nodes getting released, not?

Either way, the wallet as posted earlier would be pretty cool also!

Coins101 and I are both relatively confident in a large uptick in price. Service Nodes will likely be a big market moving event. What I think will really push the price though is the Proof of Bitcoin Node development. Once Spreadcoin starts adding legitimate value to the Bitcoin ecosystem through the addition of full nodes we should definitely see huge interest. Just think about the news headlines:

- "Spreadcoin Adds 4000 Full BTC Nodes to the Network"
- "Spreadcoin Pays Users $50 Per Month to Run a Full BTC Node"

etc. etc.

This wallet may not be a huge market moving event (even though that Blockexplorer is damn cool), but I'm willing to say we are very, very undervalued, currently. We literally have a 200K market cap...  

Edit: Forgot to mention that when people start putting hoards of coins into the nodes, a lot of coins will be taken off the market.

[rhinomonkey]

0.2 BTC on the way Georgem!

[coins101]

you guys really think it will go that high?

I would like to believe that but that's not an overnight event.

I would assume that's only possible if Service Nodes getting released, not?

Either way, the wallet as posted earlier would be pretty cool also!

The bitcoin halving saw the price of bitcoin go from $200 to $600.

That was no accident.  The Bitcoin whales were out protecting their investment.

Supporting full nodes and encouraging a mechanism to pay people to run full Bitcoin nodes will fall under the same category of protecting their investment.

You can expect a huge SPR price party when we're ready to support the mother ship.

Like rhinomonkey said, the headlines will write themselves.

[ioglnx]

Is there a miner thats supports HTTPS/SSL Pools? The build posted on the first page is compile dwith libcurl nossl..?!
Thanks

[georgem]

0.2 BTC on the way Georgem!

Thanks again.  

If I had 20 guys like you who donate in this predictable regular fashion,
I could easily ride out this interim period of the next 3 months (or so) until SPR reaches a price level of near 1$ or more,
at which point the project pays for itself for the next few years.

One can dream, one can dream

Thanks again.

BTW, since you made a substantial donation again, feel free to input your wishes and desires regarding the new wallet.
Is there a feature you always wanted a wallet to have? Or not?
Tell me about it, and I might just have a solution.

Let me know.  

[ShelbyDev]

0.2 BTC on the way Georgem!

If I had 20 guys like you who donate in this predictable regular fashion,
I could easily ride out this interim period of the next 3 months (or so) until SPR reaches a price level of near 1$ or more,

Suppose that happens (20 ppl donating for 3 months), what would the end result be after 3 months?

I'm open to it if I know what the effort is for 

[sweet bird]

congratulations George..
Spreadcoin successfully letdown his rivals due to its security strength..

[coins101]

0.2 BTC on the way Georgem!

If I had 20 guys like you who donate in this predictable regular fashion,
I could easily ride out this interim period of the next 3 months (or so) until SPR reaches a price level of near 1$ or more,

Suppose that happens (20 ppl donating for 3 months), what would the end result be after 3 months?

I'm open to it if I know what the effort is for 

DASH reached $100m and it's trying to compete with Bitcoin. I guess donations help get Serivcenodes out sooner so we can beat  the $100m target.

[rhinomonkey]

0.2 BTC on the way Georgem!

Thanks again.  

If I had 20 guys like you who donate in this predictable regular fashion,
I could easily ride out this interim period of the next 3 months (or so) until SPR reaches a price level of near 1$ or more,
at which point the project pays for itself for the next few years.

One can dream, one can dream

Thanks again.

BTW, since you made a substantial donation again, feel free to input your wishes and desires regarding the new wallet.
Is there a feature you always wanted a wallet to have? Or not?
Tell me about it, and I might just have a solution.

Let me know.  

Hey, I really appreciate that. I can't really think of anything, though. Just keep doing what you're doing! 

I had asked a while back if you were going to do an HD wallet, and it sounds like you are implementing that BIP. BIP 32?

If I can donate more I will. However, you can be sure of about that same amount/month for the next few months. Ideally until SNs are released. Then I think that $1+ per SPR will be very achievable.

[rhinomonkey]

0.2 BTC on the way Georgem!

If I had 20 guys like you who donate in this predictable regular fashion,
I could easily ride out this interim period of the next 3 months (or so) until SPR reaches a price level of near 1$ or more,

Suppose that happens (20 ppl donating for 3 months), what would the end result be after 3 months?

I'm open to it if I know what the effort is for 

DASH reached $100m and it's trying to compete with Bitcoin. I guess donations help get Serivcenodes out sooner so we can beat  the $100m target.

Agreed, Georgem has sort of said the target at which point the development would be hyper-sustainable is $1 - and that's only a ~7 million dollar market cap.

As has been for a while, Service Nodes are priority no. 1 in the long term. Any donations that enable Georgem to spend more time on coding only expedite their release and then, very likely, a large increase in price.

It's sort of a snowball effect, really. More development -> price increase -> more development & developers -> price increase etc.

Currently we're at the very beginning of that flow chart and it really reads:

Donations / other funding mechanisms -> expedited development/ releases -> price increase -> full time Georgem wizardry & more devs ->  construction of rocket ship launch platform -> first hamster on the moon. 

[georgem]

Hey, I really appreciate that. I can't really think of anything, though. Just keep doing what you're doing!  

I had asked a while back if you were going to do an HD wallet, and it sounds like you are implementing that BIP. BIP 32?

If I can donate more I will. However, you can be sure of about that same amount/month for the next few months. Ideally until SNs are released. Then I think that $1+ per SPR will be very achievable.

Yes, I am implementing...

BIP32 (Hierarchical Deterministic Wallets)

BIP39 (Mnemonic code for generating deterministic keys)

BIP44 (Multi-Account Hierarchy for Deterministic Wallets)

In more detail, BIP32 gives the basic functionality of a deterministic wallet.
BIP39 introduces a method with which you can memorize the 256 bit master seed by using words from a wordlist of 2048 words, see here for the english wordlist.
You can adequately represent a 256 bit key by using 24 words from this list, since 2048^24 is a slightly higher number than 2^256.
Using such wordlists is the prefered method of making a backup of a HD wallet. TREZOR uses this too. Those 24 words are the secret with which you can recreate all the billions of deterministic addresses that are derived from a master seed. So, keep them secret... keep them safe!

And finally BIP44 explains a method with which you can implement "accounts" on a single such master seed, so that you can forexample use separate accounts for separate altcoins with just this one master seed.

Pretty awesome stuff.

[coins101]

Hey, I really appreciate that. I can't really think of anything, though. Just keep doing what you're doing!  

I had asked a while back if you were going to do an HD wallet, and it sounds like you are implementing that BIP. BIP 32?

If I can donate more I will. However, you can be sure of about that same amount/month for the next few months. Ideally until SNs are released. Then I think that $1+ per SPR will be very achievable.

Yes, I am implementing...

BIP32 (Hierarchical Deterministic Wallets)

BIP39 (Mnemonic code for generating deterministic keys)

BIP44 (Multi-Account Hierarchy for Deterministic Wallets)

In more detail, BIP32 gives the basic functionality of a deterministic wallet.
BIP39 introduces a method with which you can memorize the 256 bit master seed by using words from a wordlist of 2048 words, see here for the english wordlist.
You can adequately represent a 256 bit key by using 24 words from this list, since 2048^24 is a slightly higher number than 2^256.
Using such wordlists is the prefered method of making a backup of a HD wallet. TREZOR uses this too. Those 24 words are the secret with which you can recreate all the billions of deterministic addresses that are derived from a master seed. So, keep them secret... keep them safe!

And finally BIP44 explains a method with which you can implement "accounts" on a single such master seed, so that you can forexample use separate accounts for separate altcoins with just this one master seed.

Pretty awesome stuff.

So why is your target only $1? It should be $10/SPR, which is just about enough for MrSpread to get a wife.

[georgem]

So why is your target only $1? It should be $10/SPR, which is just about enough for MrSpread to get a wife.

It's the first step, the bare minimum that's needed to self-sustain the project, atleast for me.  

For $10/SPR I will find a way to transfer MrSpread's mind into the Spreadcoin-Network... so he can live forever.
His hamster life is already half over (max 2-3 years they say), and he's now 1.5 years old. Poor little fucker!  

[georgem]

My user interface is pretty messed up (probably because I have a 4k monitor, DPI settings ruin it)
Is this fixable?

Thanks for letting me know, that's pretty messed up. Didn't know that could happen.

What system are you using?
And is it possible that you temporarily change the Resolution/DPI settings back to something normal, to see if the wallets goes back to looking normal?

[georgem]

Looks like Spreadcoin has existed since 1435 (Received 581 y ago). Maybe Georgem is some sort of immortal being brought us here to save us from centralization.  

That's partially right, although I'm not an immortal, see:

https://en.wikipedia.org/wiki/1435



I king of sweden was thrown into the future by a sudden temporal vortex.

But seriously, I just didn't correctly consider "years" in the code, lol:
https://github.com/spreadcoin/spreadcoin/blob/master/src/qt/guiheader.cpp#L376

I will fix it later today.

Maybe I didn't think this project will last "years". But now I'm so convinced, I will consider decades and centuries in the code. Not yet millenia... though...

[rhinomonkey]

So why is your target only $1? It should be $10/SPR, which is just about enough for MrSpread to get a wife.

It's the first step, the bare minimum that's needed to self-sustain the project, atleast for me.  

For $10/SPR I will find a way to transfer MrSpread's mind into the Spreadcoin-Network... so he can live forever.
His hamster life is already half over (max 2-3 years they say), and he's now 1.5 years old. Poor little fucker!  

The BIPs will be useful. I know SDC implemented those a while back - look at them now - up to 80 cents. I wish I hadn't sold my 26K coins - I would have been able to buy far more SPR. :/

We best be getting price up to $10 soon then! Anyone who doesn't push price up / sells below $10 dollars is a hamster killer  

Georgem, what's going on over the next 3 months? You said there would be an interim period before $1 was reached lol. You have to work on other projects?

[ShelbyDev]

We best be getting price up to $10 soon then! Anyone who doesn't push price up / sells below $10 dollars is a hamster killer  

AGREE

BUY SPR NOW: Buy before you Cry!

Now is the time to buy cheap SPR, it won't stay that way for long.

Don't come crying later  

[georgem]

You have to work on other projects?

I'm very flexible at the moment.

The more donations I get from you guys, the more work gets done, faster.
As easy as that.  
I get no donations--> work will get done too... eventually, just slower.

And everything in between.

Rule of thumb: Donation of 100$ equals a day's work.

BTW, I have a few awesome/ridiculous ideas about funding, I will talk about them later. Time to let the capitalist in me shine!
And no, they won't involve "funding through coinbase".

Why not set aside some Coinbase to pay for full time development?
Since it's introduction within DASH, Coinbase payments to the project team, they have gone from $20m to $90m

...and bitcoin's marketcap has gone from 0$ to 1000$ without the need of any such schemes.

Funding development through coinbase is a sacrilege, if I ever start talking about "taxing" the miners I want someone to put a bullet in spreadcoin's head.  
One of the most important features of a blockchain is its immutability, that miners/investors can expect the parameters (especially those of the coin creation) to stay the same forever.

Funding the dev is not "that" important (I'm just an inventive dude with a hamster) that we should throw our principles out of the window like DASH has done so often (premine-accident, going closed-source for months, funding through coinbase, ... )
But hey, they can do whatever they want, it's not my business. But their "practices" are not compatible with Spreadcoin is all I'm saying.

Stay tuned for more revelations!