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

[georgem]

Any ETA on the new thread?

working on design and structure of both website and ann thread right now...
I will keep you guys updated as often as possible.

[coins101]

A quick sneak peak of how the new website & Ann thread will look like, and what kind of design elements they will include:



I will use a lot of such animations to visualize every aspect of spreadcoin and its servicenodes.
(they won't be GIFs when finalized but javascript driven realtime animations, but I will have to use GIFs for the ann thread here.)

PS: those simulations are not very accurate and are only here for visualisation purposes.

+101

You posted, and the market moved up 75%  

At that rate we should be up at $10m by the end of April  

 20,000
 40,000
 60,000
 110,000
 190,000
 330,000
 570,000
 1,010,000
 1,760,000
 3,080,000
 5,390,000
 9,430,000

[georgem]

+101

You posted, and the market moved up 75%  

The free market is such a jolly fellow! 

[coins101]

+101

You posted, and the market moved up 75%  

The free market is such a jolly fellow!  

btw

can't send you any tips - your SPR addy in your sig is pointing to .net

edit

or the other devs  

[georgem]

+101

You posted, and the market moved up 75%  

The free market is such a jolly fellow!  

btw

can't send you any tips - your SPR addy in your sig is pointing to .net

edit

or the other devs 

Thanks for the hint.
My signature is now feeling much better.

[coins101]

Compiling ServiceNodes in my small brain, I get an output which includes this option:



There is nothing to say that ServiceNodes could not be configured around a franchise model  

I tried to set-up a franchise type business last year with a couple of people from DRK, but my service contracts prevented me from doing so. But this is a great alternative that gets around that.

Let's use an example.

Escrow services can run off ServiceNodes. But in some countries you need a licence to operate the escrow service. Instead of this being a problem, we can turn it into an opportunity.

To operate an Escrow service, running off the ServiceNodes, you need to buy a franchise off the network. This will cover you for your local area. In the USA alone there are 19,300 nationally recognised incorporated places. So, if you just use that number and not factor in being able to x5 to allow for locations with tightly packed populations, the network can sell a minimum of 19,300 Escrow franchise opportunities.

Lets say you need $5,000 to licence an Escrow franchise, the USA market could be worth $1bn in Franchise fees. If you can get 1% of that, you are still talking about $10m.

Factor in the global market, and you can see the franchise market being worth $10bn-$20bn.

The thing about the escrow model running off ServiceNodes is that I don't think you need a licence to run a franchise. Why? Because using multi-sig the two parties to the transaction never hand over the money to the ServiceNode network. Nor can the network take ownership of the funds at any point. It's just a decentralized independent third party service to ensure both parties to a deal play fair or by the rules.

This is a far superior model than the existing Escrow service.

[georgem]

ServiceNodes offer a way to create value through decentralised applications.

The big gorilla in the room is, how will servicenodes handle illicit / illegal material?

Suppose we have a decentralized app running on 2000 servicenodes that serves as a video-sharing alternative to youtube,
what if one of the users (or servicenode owner) decides to share some childporn?

If the service is truly decentralized then this illegal material will spread over most (or all) of the servicenodes probably without the servicenode owners even knowing that they have (fragmented or complete) childporn on their server.

So how does the community (users and/or servicenode owners) make it so that this illicit video is deleted as fast as possible network-wide, or can't even be uploaded in the first place?

A few options:

a) simple flagging mechanism (if enough users flag the publicly findable material it will be erased automatically by the system)
b) let the poor servicenode owner police every single upload and decide everytime if the material is acceptable or not.
c) create some form of sophisticated porn recognition algorithms that are able to recognize both nudity/sex and the age of participants

Hm, let's look at those options a little closer:

a) can obviously be abused, because how do we even know if a single user is really a single human being, and not just a bunch of bots.
Also, since the material is available for some period of time this will unleash the expected shit storm coming from governments etc...

b) would be hell on earth for servicenode owners and nobody would want to run such a dangerous filesharing app anyway

c) seems like the only viable solution, but is also outside of the technological possibilities of today... or is it?  

--------------
Another similar problem is ofcourse copyrighted material. And it would require a similar solution.

[njs811]

ServiceNodes offer a way to create value through decentralised applications.

The big gorilla in the room is, how will servicenodes handle illicit / illegal material?

Suppose we have a decentralized app running on 2000 servicenodes that serves as a video-sharing alternative to youtube,
what if one of the users (or servicenode owner) decides to share some childporn?

If the service is truly decentralized then this illegal material will spread over most (or all) of the servicenodes probably without the servicenode owners even knowing that they have (fragmented or complete) childporn on their server.

So how does the community (users and/or servicenode owners) make it so that this illicit video is deleted as fast as possible network-wide, or can't even be uploaded in the first place?

A few options:

a) simple flagging mechanism (if enough users flag the publicly findable material it will be erased automatically by the system)
b) let the poor servicenode owner police every single upload and decide everytime if the material is acceptable or not.
c) create some form of sophisticated porn recognition algorithms that are able to recognize both nudity/sex and the age of participants

Hm, let's look at those options a little closer:

a) can obviously be abused, because how do we even know if a single user is really a single human being, and not just a bunch of bots.
Also, since the material is available for some period of time this will unleash the expected shit storm coming from governments etc...

b) would be hell on earth for servicenode owners and nobody would want to run such a dangerous filesharing app anyway

c) seems like the only viable solution, but is also outside of the technological possibilities of today... or is it?  

--------------
Another similar problem is ofcourse copyrighted material. And it would require a similar solution.

I think a simple flagging system would work. Once you reach a certain percentage of downvotes then the video is automatically removed. If YouTube did that it would clear up tons of space on their servers.

[coins101]

ServiceNodes offer a way to create value through decentralised applications.

The big gorilla in the room is, how will servicenodes handle illicit / illegal material?

Suppose we have a decentralized app running on 2000 servicenodes that serves as a video-sharing alternative to youtube,
what if one of the users (or servicenode owner) decides to share some childporn?

If the service is truly decentralized then this illegal material will spread over most (or all) of the servicenodes probably without the servicenode owners even knowing that they have (fragmented or complete) childporn on their server.

So how does the community (users and/or servicenode owners) make it so that this illicit video is deleted as fast as possible network-wide, or can't even be uploaded in the first place?

A few options:

a) simple flagging mechanism (if enough users flag the publicly findable material it will be erased automatically by the system)
b) let the poor servicenode owner police every single upload and decide everytime if the material is acceptable or not.
c) create some form of sophisticated porn recognition algorithms that are able to recognize both nudity/sex and the age of participants

Hm, let's look at those options a little closer:

a) can obviously be abused, because how do we even know if a single user is really a single human being, and not just a bunch of bots.
Also, since the material is available for some period of time this will unleash the expected shit storm coming from governments etc...

b) would be hell on earth for servicenode owners and nobody would want to run such a dangerous filesharing app anyway

c) seems like the only viable solution, but is also outside of the technological possibilities of today... or is it?  

--------------
Another similar problem is ofcourse copyrighted material. And it would require a similar solution.

I think a simple flagging system would work. Once you reach a certain percentage of downvotes then the video is automatically removed. If YouTube did that it would clear up tons of space on their servers.

People aren't going to have nodes where they pay to stream video for free, are they?  

If they do, reputation system gets them kicked off the network. Two tiers of reputation system, one for having a compliant node and second other nodes flagging inappropriate content.

Actually, if you are going to enable porn, then I wouldn't mind seeing porn stars owning nodes and getting gambling firms to sponsor them. We could then go to the annual ServiceNode Porn Awards, paid for by PornPoker.me

[georgem]

ServiceNodes offer a way to create value through decentralised applications.

The big gorilla in the room is, how will servicenodes handle illicit / illegal material?

Suppose we have a decentralized app running on 2000 servicenodes that serves as a video-sharing alternative to youtube,
what if one of the users (or servicenode owner) decides to share some childporn?

If the service is truly decentralized then this illegal material will spread over most (or all) of the servicenodes probably without the servicenode owners even knowing that they have (fragmented or complete) childporn on their server.

So how does the community (users and/or servicenode owners) make it so that this illicit video is deleted as fast as possible network-wide, or can't even be uploaded in the first place?

A few options:

a) simple flagging mechanism (if enough users flag the publicly findable material it will be erased automatically by the system)
b) let the poor servicenode owner police every single upload and decide everytime if the material is acceptable or not.
c) create some form of sophisticated porn recognition algorithms that are able to recognize both nudity/sex and the age of participants

Hm, let's look at those options a little closer:

a) can obviously be abused, because how do we even know if a single user is really a single human being, and not just a bunch of bots.
Also, since the material is available for some period of time this will unleash the expected shit storm coming from governments etc...

b) would be hell on earth for servicenode owners and nobody would want to run such a dangerous filesharing app anyway

c) seems like the only viable solution, but is also outside of the technological possibilities of today... or is it?  

--------------
Another similar problem is ofcourse copyrighted material. And it would require a similar solution.

I think a simple flagging system would work. Once you reach a certain percentage of downvotes then the video is automatically removed. If YouTube did that it would clear up tons of space on their servers.

It would certainly be fun to implement and test such a system, and it wouldn't be that hard.
Maybe even combine it with some kind of reputation system, that gives users with high reputation more "gravitas" when they decide to flag something.

But I doubt that this will be enough to handle criminal outliers...

BTW: All those decentralized apps should work with a network wide user system.
Users should be invited (or even required) to own a wallet and SPR address so that they can upload/view and comment whatever is served by servicenodes WITHIN THE WALLET.
The user account can be reused for all services / apps that will ever come out.

[georgem]

People aren't going to have nodes where they pay to stream video for free, are they?  

If they do, reputation system gets them kicked off the network. Two tiers of reputation system, one for having a compliant node and second other nodes flagging inappropriate content.

Actually, if you are going to enable porn, then I wouldn't mind seeing porn stars owning nodes and getting gambling firms to sponsor them. We could then go to the annual ServiceNode Porn Awards, paid for by PornPoker.me

Absolutely, no problem with porn here, in the contrary.

I personally don't even have a problem with any digital file (may it contain childporn or copyrighted material)... because I dont think that owning a file makes you a criminal.
What is truly criminal is the creation of such despicable material like childporn. Not the possession.

That's how it would be handled in a truly free world.

But unfortunately we live in a world where government agencies are working hard to make all our liberties and privacy dissappear so that we can all feel save and secure, while the opposite is going to happen.
(for example we do have today the insane possibility that someone can simply plant some childporn on your computer and frame you as a criminal. Because simple possession makes you a criminal.)

[coins101]

....

It would certainly be fun to implement and test such a system, and it wouldn't be that hard.
Maybe even combine it with some kind of reputation system, that gives users with high reputation more "gravitas" when they decide to flag something.

But I doubt that this will be enough to handle criminal outliers...

BTW: All those decentralized apps should work with a network wide user system.
Users should be invited (or even required) to own a wallet and SPR address so that they can upload/view and comment whatever is served by servicenodes WITHIN THE WALLET.
The user account can be reused for all services / apps that will ever come out.

I like they way you think  

Maybe use the Google model of auctioning off a listing system, tied to a reputation system.

[georgem]

Actually, if you are going to enable porn, ....

The user should decide for himself if he wants to run in NSFW mode or not.

But then again, the user himself shouldn't be surprised about the results that a search query for "deepthroat milf" will spit out.

So in a way all the NSFW policies of for example tumblr are a joke, because it requires all people to participate and behave, but ofcourse you will always find a guy who tags an insanely NSFW pic with "flowers, summer, sunshine".

Therefor an algorithmic solution will be lightyears more advanced than anything that requires contentproviders to do a good enough tagging job.

[coins101]

I've spent a few days looking at how to invest in crypto and get tax benefits that make the investment very worthwhile.

I'm nearly done. I won't be making the details public. If you want to know more, please PM.

Bump

Also, at some point I will be writing to HMRC (UK tax authorities) to get an indicative view of whether SEIS can be used to raise funding for Spread. The application will specifically exclude any reference to using funds for developing Spread the currency.

The approach will be on raising funding for developing ServiceNode applications.

If investors or the businesses they invest in choose to use their funds to buy Spread for marketing or give-aways, then that is up to them.

[coins101]

Looks like Spread can raise up to £150k or $222k provided the money is not used for:

"...financial activities such as banking, insurance, money-lending, debt-factoring, hire-purchase financing or any other financial activities"

I take this to mean developing ServiceNode software to run applications is ok, raising money to invest in the currency is not ok.

https://www.gov.uk/seed-enterprise-investment-scheme-how-companies-qualify

Each application that runs on servicenodes can be its own commercial operation, I will seek to get this clarified by the tax authorities. That means that if several businesses develop applications to run on servicenodes, and they do it for profit, then each business can separately raise very tax efficient $222k of seed money.

So the backbone of servicenodes can raise $222k. If there are five apps in development by separate commercial teams, that means quite an investment potential in the wider decentralised network (lots of teams working in their own right, but indirectly contributing to the growth of the project). 

If overall the teams raise $1m, the financial risk to investors, in particular those who pay higher rate tax, is less than $200k.  Not bad risk vs. reward parameters.

[njs811]

Looks like Spread can raise up to £150k or $222k provided the money is not used for:

"...financial activities such as banking, insurance, money-lending, debt-factoring, hire-purchase financing or any other financial activities"

I take this to mean developing ServiceNode software to run applications is ok, raising money to invest in the currency is not ok.

https://www.gov.uk/seed-enterprise-investment-scheme-how-companies-qualify

Each application that runs on servicenodes can be its own commercial operation, I will seek to get this clarified by the tax authorities. That means that if several businesses develop applications to run on servicenodes, and they do it for profit, then each business can separately raise very tax efficient $222k of seed money.

So the backbone of servicenodes can raise $222k. If there are five apps in development by separate commercial teams, that means quite an investment potential in the wider decentralised network (lots of teams working in their own right, but indirectly contributing to the growth of the project). 

If overall the teams raise $1m, the financial risk to investors, in particular those who pay higher rate tax, is less than $200k.  Not bad risk vs. reward parameters.

This is where a good vpn comes in handy.

[e1ghtSpace]

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[thevictimofuktyranny]

Page ---404---- of this thread

I'm surprised no-one did a funny comment:

SPREADCOIN ERROR NOT FOUND

 

[e1ghtSpace]

Page ---404---- of this thread

I'm surprised no-one did a funny comment:

SPREADCOIN ERROR NOT FOUND

 

Didn't I just do that?

[njs811]

Page ---404---- of this thread

I'm surprised no-one did a funny comment:

SPREADCOIN ERROR NOT FOUND

 

Didn't I just do that?

Yes but you forgot jazz hands.
*Edit: