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Author Topic: [ANN][HLM] HELIUM - PRE NOTICE  (Read 127499 times)
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Propagandalf
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August 25, 2017, 09:40:44 AM
 #781

There's a good chance many people will dump their SPR right after the HLM snapshot, so dumpers will need to be quick off the mark. It's therefore going to be exciting to see whether price continues to climb towards the end of month (snapshot), or if people will dump a couple days before to ensure a nice profit (but forfeiting their HLM claim). Hodling both can of course be worthwhile too. There are many ways to play this game. Nonetheless, I am excited to run a master node for the first time.  Cool
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August 25, 2017, 10:23:31 AM
 #782

There's a good chance many people will dump their SPR right after the HLM snapshot, so dumpers will need to be quick off the mark. It's therefore going to be exciting to see whether price continues to climb towards the end of month (snapshot), or if people will dump a couple days before to ensure a nice profit (but forfeiting their HLM claim). Hodling both can of course be worthwhile too. There are many ways to play this game. Nonetheless, I am excited to run a master node for the first time.  Cool

I sure hope Bittrex allows us to claim while keeping Spread there. The windows spread coin wallet isn't stable enough to entrust 1000 spread on it. I might keep my spread after and run some masternodes on there too, but I do not like the competitive cap for masternodes they have. The price to run a masternode will skyrocket well past 1k if the coin is successful. Dash has 4500 masternodes and Spread is capped at the 1,000 masternodes who have the most collateral. I don't think Helium should go the same direction.

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August 25, 2017, 11:08:14 AM
 #783

SPR Masternodes don't exisit as far as i know. At least not on Mainnet, only in Testnet (since 2015..). So there is not way to earn "real" SPR via Masternodes.
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August 25, 2017, 11:08:36 AM
 #784

There's a good chance many people will dump their SPR right after the HLM snapshot, so dumpers will need to be quick off the mark. It's therefore going to be exciting to see whether price continues to climb towards the end of month (snapshot), or if people will dump a couple days before to ensure a nice profit (but forfeiting their HLM claim). Hodling both can of course be worthwhile too. There are many ways to play this game. Nonetheless, I am excited to run a master node for the first time.  Cool

I sure hope Bittrex allows us to claim while keeping Spread there. The windows spread coin wallet isn't stable enough to entrust 1000 spread on it. I might keep my spread after and run some masternodes on there too, but I do not like the competitive cap for masternodes they have. The price to run a masternode will skyrocket well past 1k if the coin is successful. Dash has 4500 masternodes and Spread is capped at the 1,000 masternodes who have the most collateral. I don't think Helium should go the same direction.

I am not sure SPR has masternodes, the last time it was only a plan (for a few years).
In the Helium blockchain, everyone with 1000HLM will be eligible to run a masternode, there won't be any limit of the numbers of the masternodes. Too many masternodes won't be a problem, as the HLM supply is very limited and not only Masternodes will require collateral, but the Service nodes as well, probably much greater collateral that the masternodes.

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August 25, 2017, 11:11:48 AM
 #785

SPR Masternodes don't exisit as far as i know. At least not on Mainnet, only in Testnet (since 2015..). So there is not way to earn "real" SPR via Masternodes.

I knew they were on testnet, I just didn't realize for 2 years. So I may dump after the snapshot as well lol.

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August 25, 2017, 11:13:29 AM
 #786

There's a good chance many people will dump their SPR right after the HLM snapshot, so dumpers will need to be quick off the mark. It's therefore going to be exciting to see whether price continues to climb towards the end of month (snapshot), or if people will dump a couple days before to ensure a nice profit (but forfeiting their HLM claim). Hodling both can of course be worthwhile too. There are many ways to play this game. Nonetheless, I am excited to run a master node for the first time.  Cool

I sure hope Bittrex allows us to claim while keeping Spread there. The windows spread coin wallet isn't stable enough to entrust 1000 spread on it. I might keep my spread after and run some masternodes on there too, but I do not like the competitive cap for masternodes they have. The price to run a masternode will skyrocket well past 1k if the coin is successful. Dash has 4500 masternodes and Spread is capped at the 1,000 masternodes who have the most collateral. I don't think Helium should go the same direction.

I am not sure SPR has masternodes, the last time it was only a plan (for a few years).
In the Helium blockchain, everyone with 1000HLM will be eligible to run a masternode, there won't be any limit of the numbers of the masternodes. Too many masternodes won't be a problem, as the HLM supply is very limited and not only Masternodes will require collateral, but the Service nodes as well, probably much greater collateral that the masternodes.

I read somewhere that the 1000k helium masternodes may be temporary. They may go to a competitive collateral later. I think that would be a mistake. It may be a good way to limit the number of MN but it's really bad for the community.

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August 25, 2017, 01:47:20 PM
 #787

spreadcoin will be worthless after snapshot
thesavoyard
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August 25, 2017, 02:38:45 PM
 #788

spreadcoin will be worthless after snapshot

Unless they actually implement their master node and/or service node system.

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August 25, 2017, 02:42:47 PM
 #789

Count me in on bounty too!

me three . I  like Helium and its platform it will make DASH a run for the money with service nodes.

Has Helium provided any details on how service nodes will work?  I might be a little out of date but the last I heard, Dash were struggling with Proof of Service themselves.

Is there going to be a testnet that is accessible to the public before launch in September? 

Finally, has the service node model been submitted for academic review, even if the details are being kept private for now?
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August 25, 2017, 03:11:52 PM
 #790

I just learned about Helium here on the forum and found this thread.  Is there a for dummies step by step for how to get on board with Helium?  Thanks.

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August 25, 2017, 03:48:03 PM
 #791

Just buy spreadcoin and wait for the next updated instructions.
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August 25, 2017, 03:56:37 PM
 #792

When the announcement on bitcointalk will be updated?

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thesavoyard
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August 25, 2017, 04:24:30 PM
 #793

I just learned about Helium here on the forum and found this thread.  Is there a for dummies step by step for how to get on board with Helium?  Thanks.



 Helium will be Dash based, not forked from Spreadcoin. But since the founder of Helium was a Spreadcoin developer, they are giving Spreadcoin holders a 1:1 ratio for Helium. At the moment, you can either hold in a Spreadcoin wallet or on an exchange. Personally, I don't like holding on my PC, even with a wallet backup. They will announce if Bittrex will give Spreadcoin holders their Helium before the snapshot. So you have to stay tuned to find out that part.

There is a bounty thread here: https://bitcointalk.org/index.php?topic=2104006.0

Not a whole lot of Helium being given away but it will be a very limited distribution so I expect Helium to have a decent price at launch.

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August 25, 2017, 05:24:42 PM
 #794

Watching.

M

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Tip for NiceHash: use their wallet to decrease fees!  Check out Helium!  Referral for Cryptopia.
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August 25, 2017, 07:56:16 PM
 #795

Count me in on bounty too!

me three . I  like Helium and its platform it will make DASH a run for the money with service nodes.

Has Helium provided any details on how service nodes will work?  I might be a little out of date but the last I heard, Dash were struggling with Proof of Service themselves.

Is there going to be a testnet that is accessible to the public before launch in September?  

Finally, has the service node model been submitted for academic review, even if the details are being kept private for now?

My English not very good. What is Proof of Service?

I like the sound of that. Sounds, interesting.

The service node model is a service provision network which is covered in the white paper.

Essentially, if a service provider doesn't provide a service, you stop paying them and move on to another service provider. That's where the Uber or TripAdvisor style ratings model helps. Both parties to a service transaction can rate each other. Bad actors on both sides get weeded out of the network.

The trick with our service node model will be the Service Node provider setting up an encrypted channel so that a user can access their nodes securely. The area of more detailed effort on our part will be adding a hardware component so that the user can generate private keys locally thus avoiding having to trust the Service Node provider.

Did you have a particular academic in mind to send the paper to? Drop me an email, I'd be more than up for sending it for review or giving access to a PhD candidate.

Wow. My English got better the more I typed. Tongue

thesavoyard
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August 25, 2017, 08:00:23 PM
 #796

Count me in on bounty too!

me three . I  like Helium and its platform it will make DASH a run for the money with service nodes.

Has Helium provided any details on how service nodes will work?  I might be a little out of date but the last I heard, Dash were struggling with Proof of Service themselves.

Is there going to be a testnet that is accessible to the public before launch in September?  

Finally, has the service node model been submitted for academic review, even if the details are being kept private for now?

My English not very good. What is Proof of Service?

I like the sound of that. Sounds, interesting.

The service node model is a service provision network which is covered in the white paper.

Essentially, if a service provider doesn't provide a service, you stop paying them and move on to another service provider. That's where the Uber or TripAdvisor style ratings model helps. Both parties to a service transaction can rate each other. Bad actors on both sides get weeded out of the network.

The trick with our service node model will be the Service Node provider setting up an encrypted channel so that a user can access their nodes securely. The area of more detailed effort on our part will be adding a hardware component so that the user can generate private keys locally thus avoiding having to trust the Service Node provider.

Did you have a particular academic in mind to send the paper to? Drop me an email, I'd be more than up for sending it for review or giving access to a PhD candidate.

Wow. My English got better the more I typed. Tongue


So coins, if I had a database that I needed blockchain level protection, I could contract a service node to write my encrypted data to the blockchain and give me access when I needed? Just an example, I know it's probably more complicated and there are more functions, but would that be a realistic application?

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August 25, 2017, 08:19:17 PM
 #797

..
So coins, if I had a database that I needed blockchain level protection, I could contract a service node to write my encrypted data to the blockchain and give me access when I needed? Just an example, I know it's probably more complicated and there are more functions, but would that be a realistic application?

Not 100% clear what you are asking.

Let's take a corporate company like an electricity utility.

If they want to run a blockchain so that they could communicate and transact with their supply chain, they may not want their internal users or their supply chains to run full nodes on their own networks.

Many corporate businesses have really congested networks - and in our example - electricity utility businesses are huge targets for cyber attacks. So running many full nodes would potentially add congestion and also create many challenges and problems for business users.

You also have many businesses using remote desktops systems as well as placing limits on who can run applications.

The easy option for infrastructure businesses like this would be to outsource their full nodes (to our Service Nodes for example) and give local users access via SPVs.

SME's have a slightly different dynamic, but need the same service provision model for different reasons. For SMEs, it's about accessing B2B payment tools to avoid bank fees and also have the capability to trade internationally, but they are already busy running their own business, they don't want the headache of having to run their own full nodes.

SME's would be at the lower end of our market pricing (Service Nodes actually set prices themselves, well that's one of our preferred models) but would generate more volume and sales as we would have greater numbers of customers who are more price aware and more likely to shop around for the lowest price provider.

This is essentially a cloud service model, a big growth area. Microsoft has bet the farm on the cloud services provision model.

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August 25, 2017, 08:34:22 PM
 #798

I get it, at least at my layman's level. I thought the blockchain would be a data repository given its high level of encryption and stability against attacks. The nodes will actually provide node service, not data protection. Thanks for clarifying!

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August 25, 2017, 08:45:16 PM
 #799

Still no answer as to when is the snapshot? And Coin101 posted here recently?
thesavoyard
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August 25, 2017, 09:00:08 PM
 #800

Still no answer as to when is the snapshot? And Coin101 posted here recently?

He told me on Slack that the announcement will be next week. He also posted 2 above your post.

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