[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes

[MyFarm]

Oblox, after bitching at SPR folks for posting in the Darkcoin thread, you continue to post over here.  And Coins101, you're just trolling.  If either of you post again, the first thing I'm going to do when SPR masternodes go live is post a dissertation length diatribe in the DRK thread about why the Spreadcoin masternode system is so superior to Darkcoin and why Spreadcoin is a superior investment.

Your choice.

I clarified what came off as bullshit. There isn't demand, evident by the volume. Perhaps I am missing something. And if SPR masternodes are superior, I welcome your dissertation for the whole world to see in the DRK thread. But since you readily stated that SPR is a superior investment to DRK, you probably should sell all your DRK if you haven't already, no? Carry on.

Thanks, I'll quote you when I post it.

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[oblox]

Bounty: 400 SPR

For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.

For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient.  So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.

Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.

Not easy math I understand.  It's far beyond my capabilities.

That's because it can't be done with any sort of real accuracy.

[MyFarm]

Bounty: 400 SPR

For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.

For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient.  So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.

Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.

Not easy math I understand.  It's far beyond my capabilities.

That's because it can't be done with any sort of real accuracy.

Nor do I expect exacting accuracy.  It's just for shits and giggles.

[oblox]

Oblox, after bitching at SPR folks for posting in the Darkcoin thread, you continue to post over here.  And Coins101, you're just trolling.  If either of you post again, the first thing I'm going to do when SPR masternodes go live is post a dissertation length diatribe in the DRK thread about why the Spreadcoin masternode system is so superior to Darkcoin and why Spreadcoin is a superior investment.

Your choice.

I clarified what came off as bullshit. There isn't demand, evident by the volume. Perhaps I am missing something. And if SPR masternodes are superior, I welcome your dissertation for the whole world to see in the DRK thread. But since you readily stated that SPR is a superior investment to DRK, you probably should sell all your DRK if you haven't already, no? Carry on.

Thanks, I'll quote you when I post it.

Thanks honey. <3

[Moon Follow Me]

but seriously, this project at this stage is overpriced. it really should be closer to 0.0001000

i wonder how did you get this number? why not 0.00001/2/3 or just 1 sat? overpriced compared to what?

all jokes aside. the point is THERE ARE NO OVERPRICED/UNDERPRICED COINS. this is free market and it determines the price. if someone is willing to pay 0.01$/$1/$100/$1000 for a SPR that's the price. that's it. easy?

Well there is a flaw in that point of view; a view I would ordinarily agree with.

You see, the point of SPR is to mimic darkcoin, but with a solo mining twist. That means master nodes with people buying tons of coins to prove their readiness to serve the network and prevent bad actors from occupying too many master nodes, threatening the anonymity the network is supposed to provide.

The race to introduce master nodes into SPR is only a race to manipulate the price.

Those that hold the majority of the coins never wanted liquidity in the market.  They were counting on master nodes to create buying demand very early into the project to further compound their reluctance to provide liquidity. They want to artificially push up the price at this early stage in the project.

Darkcoin, on the other hand has less than 50% of the coin supply locked up in master nodes, and coin volume was off the charts for the best part of 9 months.

Because there is price manipulation, I think there should be a significant market discount to the market price. You also have to take into account other factors, but that  is a good enough starting point.

that's not right. i'm a very early adopter of both darkcoin (sold all my coins at the spring peak) and spreadcoin (currently holding about 50k and buying more). i really like this coin and want it to succeed. masternodes is just a part of spreadcoin features. first of all, i want mr. spread to implement properly working masternode system (not that way darkcoin's works). it's not supposed to pump the price at all.

[zeca pagodinho]

...snip...
Tell me more!
I would like to understand your point of view, as to how SpreadCoin will not last long! (I'm really interested in an analysis ) 

Hodl on. I didn't say any such thing.

I just gave my view on price and liquidity at this point in time. For all I know, solo mining might prove to be the only solution to 51% centralization.

But my view on that is for another day.

I'm sorry if not I communicated well.
I just would like to see an elaborate analysis of the future SpreadCoin. 

[luigi1111]

Bounty: 400 SPR

For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.

For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient.  So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.

Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.

Not easy math I understand.  It's far beyond my capabilities.

This isn't really possible to answer, as it depends on liquidity, which is largely unknown (at least the way I see it). You can't "anticipate" buy and sell walls with any sort of confidence.

On the other hand, if you're just talking about absolute price in BTC, one could simply take a look at the current order books and come up with some numbers pretty quickly, noting of course that the result would be a temporary equilibrium in price. A few seconds/minutes later the market would have shrugged off your buys/sells to some extent.

Want to ensure SPR's price attains and stays above DRK's? (~0.00785) Put in an order for every SPR in existence at 0.00786; ~1,760,000 * 0.00786 = 13,833.6 BTC. Note of course in reality it will take much, much less than that at least for the near future (until significantly more are mined). I'd estimate 1/10th to 1/5th of that amount, but that's not really grounded in anything. With the buy walls existing in DRK at the moment, selling is probably not going to be very productive to this hypothetical.

Edit: Bittrex's current order book says it'd require 148.9120 BTC to achieve > 0.007 (order book gets really thin up there). Selling DRK is less efficient than clearing out the last few rows in the SPR order book. Note of course that buying this way wouldn't last more than a few seconds at most.

[coins101]

Bounty: 400 SPR

For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.

For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient.  So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.

Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.

Not easy math I understand.  It's far beyond my capabilities.

That's the fighting spirit.

The visible order book on Bittrex is 4.8BTC, which gets you 12,587 SPR.  

To match the DRK price you need the highest ask price (shown) to be 18x greater than it is 0.0192554    > 0.00869. If someone sells 226,566 coins at that price, you beat the DRK price /per coin. But that only gets you a market cap of ~$3.3m.  Another x3 dump of coins, say 700k SPR might get you to a marketcap of $10m. You're looking at ~350BTC.  Done gradually forcing up the price, you might need 5x that, say 2000 BTC.

otoh has a put a price floor on DRK at 0.007. He has open orders around 400-500 BTC DRK on finex and 100 BTC on Cryptsy. Depending on whether he wants to keep topping up, your're looking at 600-1,000 BTC of selling.

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clarification

[mrcashking]

My plan for marketing spreadcoin once features are implemented. Im going to work hard to make this happen.

http://spreadcointalk.org/index.php?topic=61.new#new

[spreadnodes]

The whole point of projects coming under attack is to see if they can survive. That's also the nature of the bitcoin code and mining.

edit

but seriously, this project at this stage is overpriced. it really should be closer to 0.0001000

I have no issues with a coin coming "under attack" and am currently of the opinion that this one happens to be one of the few coins that can stand on its own merits now and hopefully in the future. But the unethical practice of using sock puppets instead of your "regular " BCT account to spread lies and disinformation cannot be defended and should not be supported by this forum through its inaction. If one believes in something they have to say, have the balls to risk the rep of your "invested" avatar when saying it. That simple practice would increase the value of this forum immeasurably.

Like bitcoin, price is really ancillary at the moment and will hopefully take care of itself one way or the other based on future development, practicality and adoption.

you can keep believing that socket puppet accounts are responsible for everything that is wrong with this project, if that is what helps you sleep better.

spr is still x3 overpriced.

SPR is difficult to get, having large amounts of SPR will allow for masternodes, so the supply of SPR will greatly decrease as time goes on. If you know anything about basic economics then you will realize that a low supply and a high demand creates a high price.

Spreadnode isn't hard to get.  You can buy it on numerous exchanges.  The thing is that nobody's buying.  The volume is just a couple people selling back and forth to themselves.  That's why people like bittrex.  You can sell into your own buy orders and buy from your own sell orders.  Nothing but fake trades for some time now. 

spreadcoin is only hard to get if you try to mine it.  It wasn't hard in the beginning and solo only was a great concept.  Unfortunately that concept evaporated with a couple large farms, private optimized miner and private pools.  Even a six GPU rig that many people mine with and are able to accumulate a few coins by mining on pools can't compete with the hash rates from the farms using optimized miners.  Blocks are few and far between and mining spreadcoin is a waste of time and electricity.

The game is rigged in a very bad way and that fact is coming to light. 

Having a low supply of a worthless altcoin will not increase demand.  An actual use for the coin might create demand but there isn't any use for spreadcoin or 99% of all the other worthless altcoins that slowly fade away replaced by some other cool coin with blah blah blah features.

Having masternodes does nothing.  Anyone can now clone darkcoin or spreadcoin and have a masternode network.  So what?  Darkcoin is a year old, has masternodes, and has lost significant value since masternodes even though a significant amount of darkcoin is committed to masternodes. 

Explain how masternodes will do anything for spreadcoins value?  What are the masternodes going to do?  Will it be another repeat of darkcoin with months and months of testing and then a bunch of people pumping it after some alleged progress?  Oh wait, that's exactly what the plan is.  Complete with darkcoin defectors trying to recreate their last pump like they did with darkcoin.  They made a bunch of money and left a bunch of bagholders.

Comparing basic economics to an altcoin is completely ridiculous.  Low supply of something that does nothing is worth nothing.  It's not like were talking about something tangible like a collectors car, diamonds, gold, etc...   We're talking about one of thousands of altcoins all claiming to be the next bitcoin but unlike bitcoin can't be used for anything.

 

[luigi1111]

Bounty: 400 SPR

For shits and giggles, if someone good at math would like to do an analysis to find the most efficient determination of how many Darkcoin would have to be sold and how many Spreadcoin would have to be bought (with the total BTC that would have to be spent for them) for SPR to pass Darkcoin in price, in a manner that at least makes sense as I understand there are many variables, I'll pay you 400 SPR.

For example, if there is a 1000 DRK buy wall then selling into that isn't going to be efficient.  So 0 DRK would need to be sold but XXX,XXX SPR would have to be bought.

Or the most efficient means to do it would be to sell 23,450 DRK and buy 114,500 SPR because of current and anticipated buy and sell walls.

Not easy math I understand.  It's far beyond my capabilities.

That's the fighting spirit.

The visible order book on Bittrex is 4.8BTC, which gets you 12,587 SPR.  

To match the DRK price you need the highest ask price (shown) to be 18x greater than it is 0.0192554    > 0.00869. If someone sells 226,566 coins at that price, you beat the DRK price /per coin. But that only gets you a market cap of ~$3.3m.  Another x3 dump of coins, say 700k SPR might get you to a marketcap of $10m. You're looking at ~350BTC.  Done gradually forcing up the price, you might need 5x that, say 2000 BTC.

otoh has a put a price floor on DRK at 0.007. He has open orders around 400-500 BTC DRK on finex and 100 BTC on Cryptsy. Depending on whether he wants to keep topping up, your're looking at 600-1,000 BTC of selling.

edit

clarification

LOL, I was reading this like: "Does he actually think he's making any sense?" Then I refreshed.

[coins101]

snip....
LOL, I was reading this like: "Does he actually think he's making any sense?" Then I refreshed.

so I win!

Accuracy required? No.

Shits and giggles required? Yes.

[mrcashking]

Bye guys. Off to watch some Basketball for now. #Spreadcoin Spread the word.

[Moon Follow Me]

Spreadnode isn't hard to get.  You can buy it on numerous exchanges.  The thing is that nobody's buying.  The volume is just a couple people selling back and forth to themselves.  That's why people like bittrex.  You can sell into your own buy orders and buy from your own sell orders.  Nothing but fake trades for some time now.  

spreadcoin is only hard to get if you try to mine it.  It wasn't hard in the beginning and solo only was a great concept.  Unfortunately that concept evaporated with a couple large farms, private optimized miner and private pools.  Even a six GPU rig that many people mine with and are able to accumulate a few coins by mining on pools can't compete with the hash rates from the farms using optimized miners.  Blocks are few and far between and mining spreadcoin is a waste of time and electricity.

The game is rigged in a very bad way and that fact is coming to light.  

Having a low supply of a worthless altcoin will not increase demand.  An actual use for the coin might create demand but there isn't any use for spreadcoin or 99% of all the other worthless altcoins that slowly fade away replaced by some other cool coin with blah blah blah features.

Having masternodes does nothing.  Anyone can now clone darkcoin or spreadcoin and have a masternode network.  So what?  Darkcoin is a year old, has masternodes, and has lost significant value since masternodes even though a significant amount of darkcoin is committed to masternodes.  

Explain how masternodes will do anything for spreadcoins value?  What are the masternodes going to do?  Will it be another repeat of darkcoin with months and months of testing and then a bunch of people pumping it after some alleged progress?  Oh wait, that's exactly what the plan is.  Complete with darkcoin defectors trying to recreate their last pump like they did with darkcoin.  They made a bunch of money and left a bunch of bagholders.

Comparing basic economics to an altcoin is completely ridiculous.  Low supply of something that does nothing is worth nothing.  It's not like were talking about something tangible like a collectors car, diamonds, gold, etc...   We're talking about one of thousands of altcoins all claiming to be the next bitcoin but unlike bitcoin can't be used for anything.

ok-ok, man. you are right. we all agree with you. but if you don't like the coin why don't you just leave the topic? once your said you thoughts we got it. no need to repeat it.

[Moon Follow Me]

i also want to say about price and volume. remember: rome wasn't built in a day. just an example : https://web.archive.org/web/20110203031942/http://mtgox.com/

[thelonecrouton]

coins101 on market rigging:

Because there is price manipulation, I think there should be a significant market discount to the market price.

coins101 explaining that otoh is currently rigging the DRK price:

otoh has a put a price floor on DRK at 0.007. He has open orders around 400-500 BTC DRK on finex and 100 BTC on Cryptsy.

One can only conclude that DRK should thus also be available at a significant discount to market price, and wonder why coins101 is not in the DRK thread demanding this?

[georgem]

i also want to say about price and volume. remember: rome wasn't built in a day. just an example : https://web.archive.org/web/20110203031942/http://mtgox.com/

LMAO! Thanks for the laugh.  

Yep, that's the way of the world. Unimpressive things turn into giant forces of nature that really stir things up.

100 Million years ago just a small insignificant rodent, now a highly developed ape that drives cars and interacts with computing machines...

[zeca pagodinho]

The whole point of projects coming under attack is to see if they can survive. That's also the nature of the bitcoin code and mining.

edit

but seriously, this project at this stage is overpriced. it really should be closer to 0.0001000

I have no issues with a coin coming "under attack" and am currently of the opinion that this one happens to be one of the few coins that can stand on its own merits now and hopefully in the future. But the unethical practice of using sock puppets instead of your "regular " BCT account to spread lies and disinformation cannot be defended and should not be supported by this forum through its inaction. If one believes in something they have to say, have the balls to risk the rep of your "invested" avatar when saying it. That simple practice would increase the value of this forum immeasurably.

Like bitcoin, price is really ancillary at the moment and will hopefully take care of itself one way or the other based on future development, practicality and adoption.

you can keep believing that socket puppet accounts are responsible for everything that is wrong with this project, if that is what helps you sleep better.

spr is still x3 overpriced.

SPR is difficult to get, having large amounts of SPR will allow for masternodes, so the supply of SPR will greatly decrease as time goes on. If you know anything about basic economics then you will realize that a low supply and a high demand creates a high price.

An actual use for the coin might create demand but there isn't any use for spreadcoin or 99% of all the other worthless altcoins that slowly fade away replaced by some other cool coin with blah blah blah features.

Having masternodes does nothing.  Anyone can now clone darkcoin or spreadcoin and have a masternode network.  So what?  Darkcoin is a year old, has masternodes, and has lost significant value since masternodes even though a significant amount of darkcoin is committed to masternodes. 

Explain how masternodes will do anything for spreadcoins value?  What are the masternodes going to do?  Will it be another repeat of darkcoin with months and months of testing and then a bunch of people pumping it after some alleged progress?  Oh wait, that's exactly what the plan is.  Complete with darkcoin defectors trying to recreate their last pump like they did with darkcoin.  They made a bunch of money and left a bunch of bagholders.

Comparing basic economics to an altcoin is completely ridiculous.  Low supply of something that does nothing is worth nothing.  It's not like were talking about something tangible like a collectors car, diamonds, gold, etc...   We're talking about one of thousands of altcoins all claiming to be the next bitcoin but unlike bitcoin can't be used for anything.

 

It's funny to see this type of claim of someone on a forum that deals with crypto currencies. Utimamente when I speak of crypto currencies is what I hear from the start, but this response only comes from people who do not know what it is about the world crypto (pre-concept).

[coins101]

coins101 on market rigging:

Because there is price manipulation, I think there should be a significant market discount to the market price.

coins101 explaining that otoh is currently rigging the DRK price:

otoh has a put a price floor on DRK at 0.007. He has open orders around 400-500 BTC DRK on finex and 100 BTC on Cryptsy.

One can only conclude that DRK should thus also be available at a significant discount to market price, and wonder why coins101 is not in the DRK thread demanding this?

Believe it or not, I have actually thought about it. But he is a buyer on the open market, where supply is pretty liquid.

SPR doesn't have liquidity. It never has; mainly because it's been manipulated from the start.

That actually is a barrier to progress. To get an army of master nodes, you need liquidity. Otherwise you just get pockets of master node operators. Solo mining for decentralisation on the one hand; anonymity centralisation on the other  

Trying to force the price up on a project that has no brand value and is not yet trusted is counter productive. If the early adopters want to hodl tight, you might as well wait 9 months for the coin supply to increase to allow a market to develop before releasing master nodes.

[bitman008]

<snip bullshit>

Still haven't proven shit about any optimized miners...

Wolf0 is the most shameless person I've ever seen.
Do you want me to make public your pm records between you and your farmer customer ?
How dare you to deny your deal with your customers?
I don't deny your work but I dispise your moral quality.