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

[georgem]

We need a bigger exchange, dammit...
Not sure if bittrex can handle it...

[NoobKidOnTheBlock]

We need a bigger exchange, dammit...
Not sure if bittrex can handle it...

I'm pretty sure as the word keeps getting out and more and more SPREADERS join the SPREVOLUTION that exchanges will be adding this coin very quickly for sure Not worried about it at all right now because I'm still accumulating more while I can I don't care I'm all in SpreadCoin and I feel very safe saying and doing so Cheers

[MyFarm]

If we haven't hit a new all-time high within 30 minutes of this post, I'm taking us there.  I'm giving you guys the opportunity to buy the SPR first.

[Jesse Livermore]

Many know me from Darkcoin as a technical analysis guy....Just glanced at SPR's short-term chart on Bittrex.... Short-term moon launch looks imminent.
If we get above .00042, .0005 looks to be a lock and above that I'd expect a fast-trading, high volume, short-term mega-spike (ie who knows how high).

6 hours later...we got above .00042 and now are at .0005...We're likely on the precipice here now of a fast-moving, high volume panic-buying spree.
Sell into it? I'd say hell no but then again I'm getting more and more long-term invested with this dev, this community and this coin and i suspect many here are too, so perhaps a tripling or quadrupling of the price is in order to free up some SPR for the momentum traders who are about to discover SPR.

JL

[georgem]

If we haven't hit a new all-time high within 30 minutes of this post, I'm taking us there.  I'm giving you guys the opportunity to buy the SPR first.

LMAO. I was happy to help contribute to the (soon to be) new ATM. You take over from here!

[defunctec]

Guys i don't mean to ruin your party but wouldn't NOT setting a limit for SPR to have a masternodes be a detriment to the network?

I mean with DRK coin masternodes are easy, you have 1000 coins and you have a masternode, combined with everyone you have a total of say 1500-2000 masternodes on the whole network. With SPR's solution you may have waaaaay less masternodes say if you require 2500+ SPR to be on the masternode list. So what i'm saying is wouldn't there more likely be less masternodes therefore less decentralisation?

I guess there could be a hard limit on minimum and maximum number of masternodes to avoid this?

Please advise if i am way off.

If we start at 1SPR min and 100,000SPR max over time MN owners would increase there masternode balance to be more competitive. So say 100,000 people put up 100,000 masternodes, with 1 SPR per masternode. If 50% of those owners put another 1SPR in their MN balance the network would kick the MN's only holding 1SPR, reducing decentralization to only 50,000 MN. That's not really a bad thing as 50,000 MN remain. Also this coin is quite hard (will become) even harder to accumulate. It has extremely good distribution, lowering the chance of centralization.
Large holders will now see huge ROI and will slowly dump over time, again reducing centralization.

I doubt one person would try to dominate a system which is reliant on decentralization. Althogh how many MN count as  decentralized is subjective.

[MyFarm]

Guys i don't mean to ruin your party but wouldn't NOT setting a limit for SPR to have a masternodes be a detriment to the network?

I mean with DRK coin masternodes are easy, you have 1000 coins and you have a masternode, combined with everyone you have a total of say 1500-2000 masternodes on the whole network. With SPR's solution you may have waaaaay less masternodes say if you require 2500+ SPR to be on the masternode list. So what i'm saying is wouldn't there more likely be less masternodes therefore less decentralisation?

I guess there could be a hard limit on minimum and maximum number of masternodes to avoid this?

Please advise if i am way off.

If we start at 1SPR min and 100,000SPR max over time MN owners would increase there masternode balance to be more competitive. So say 100,000 people put up 100,000 masternodes, with 1 SPR per masternode. If 50% of those owners put another 1SPR in their MN balance the network would kick the MN's only holding 1SPR, reducing decentralization to only 50,000 MN. That's not really a bad thing as 50,000 MN remain. Also this coin is quite hard (will become) even harder to accumulate. It has extremely good distribution, lowering the chance of centralization.
Large holders will now see huge ROI and will slowly dump over time, again reducing centralization.

I doubt one person would try to dominate a system which is reliant on decentralization. Althogh how many MN count as  decentralized is subjective.

Unless I am understanding incorrectly, there will be a cap on the number of masternodes.  So there would never be 100,000 masternodes.

[zdminer]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp 
Damn you Bitstamp!!!

[MyFarm]

If we haven't hit a new all-time high within 30 minutes of this post, I'm taking us there.  I'm giving you guys the opportunity to buy the SPR first.

Seven minutes...

[defunctec]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp 
Damn you Bitstamp!!!

Hey, arnt you the guy i spoke with about mining SPR, and then you went on to mine the coin i told you about? HA!

Nice stash btw!

[snogcel]

holy cow.... that wall was eaten immediately 

Code:

01/07/2015 09:49:22 PM	BUY    0.00049665	14933.98277698	7.41696254

[MyFarm]

holy cow.... that wall was eaten immediately 

Code:

01/07/2015 09:49:22 PM	BUY    0.00049665	14933.98277698	7.41696254

Someone thinking they could scare me off I think.   

[Jesse Livermore]

DarkCoin board initial response to Mr. Spread's idea:

I don't like the idea at all.... Causes more maintenance for. Masternode owners and potential for people to lose their masternode if they can't afford to buy more Spr.  So basically it's forcing ppl to buy more, causing the price to inflate... Ha another circle jerk.  I'll keep my DRK masternodes and not have to worry about buying more unless I want more nodes.

I've been following the Spreadcoin thread since they're looking to compete with Darkcoin and are using Darkcoin code.  While the dev seems very competent, I haven't been worried.  Until now.  Maybe.

It looks like they're going to have the number of coins required for a masternode be determined by market forces: https://bitcointalk.org/index.php?topic=715435.msg10076444#msg10076444

Is this a good or bad idea?  If it's a good idea, can we beat them to the punch please and add it to Darkcoin first?

If this is a bad idea, just ignore me

[zdminer]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp 
Damn you Bitstamp!!!

Hey, arnt you the guy i spoke with about mining SPR, and then you went on to mine the coin i told you about? HA!

Nice stash btw!

Tnx, I was allready mining it when we spoke

[MyFarm]

If we haven't hit a new all-time high within 30 minutes of this post, I'm taking us there.  I'm giving you guys the opportunity to buy the SPR first.

Seven minutes...

Don't anyone say I didn't try to be nice to you guys.

[defunctec]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp  
Damn you Bitstamp!!!

Hey, arnt you the guy i spoke with about mining SPR, and then you went on to mine the coin i told you about? HA!

Nice stash btw!

Tnx, I was allready mining it when we spoke

Are you getting anywhere near the 0.09 Per day you expected? More?

Edit: HELLO COINS101!

[zdminer]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp 
Damn you Bitstamp!!!

Hey, arnt you the guy i spoke with about mining SPR, and then you went on to mine the coin i told you about? HA!

Nice stash btw!

Tnx, I was allready mining it when we spoke

Are you getting anywhere near the 0.09 Per day you expected? More?

with current price around 0.125 BTC/say

[defunctec]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp 
Damn you Bitstamp!!!

Hey, arnt you the guy i spoke with about mining SPR, and then you went on to mine the coin i told you about? HA!

Nice stash btw!

Tnx, I was allready mining it when we spoke

Are you getting anywhere near the 0.09 Per day you expected? More?

with current price around 0.125 BTC/say

Nice 1! Good to see a miner in profit!

[Jesse Livermore]

If we haven't hit a new all-time high within 30 minutes of this post, I'm taking us there.  I'm giving you guys the opportunity to buy the SPR first.

Seven minutes...

Don't anyone say I didn't try to be nice to you guys.

ha! That was pretty awesome.
'Uncharted territory' and 'the sky's the limit' and 'we've only just begun' as they say.

[Jesse Livermore]

I mined ~9000SPR so far and last 3 days I wanted to buy as much as I could while price was 30k but I got all my BTC stuck at god forsaken Bitstamp  
Damn you Bitstamp!!!

Hey, arnt you the guy i spoke with about mining SPR, and then you went on to mine the coin i told you about? HA!

Nice stash btw!

Tnx, I was allready mining it when we spoke

Are you getting anywhere near the 0.09 Per day you expected? More?

with current price around 0.125 BTC/say

What's your average mh/s to get that if you don't mind me asking?