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

[thelonecrouton]

Spread Simple Wallet v1:

[IBGigglin]

Holy Hashrate! 

[eahmadov]

Do we know when Cryptsy is going to adopt SpreadCoin trading?

[MyFarm]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

[LitcoinCollector]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

Well I am not into the technical side at all.
But I think a MasterNode, let say 1000 SPR, should stay 1000 SPR.
If it's dynamic, you can loose your MasterNode.
But again I'm not fully aware of the potential benefits of dynamic MasterNodes

[sparkster]

Some Darkcoiners were kind enough to engage me in a debate about the market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

Even if they have some points I personally like the fact that SPR will be different from DRK in more ways. I think SPR will be more valuable if it will be something different and not just DRK with solo mining. So let the history chooses which approach is right.

Do we know when Cryptsy is going to adopt SpreadCoin trading?

I hope Vern is greedy enough. But I also guess that current madness is ending until actual testnet implementation of masternodes and that volume will not be as impressive in next days.

[MyFarm]

Some Darkcoiners were kind enough to engage me in a debate about the market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision. 

Even if they have some points I personally like the fact that SPR will be different from DRK in more ways. I think SPR will be more valuable if it will be something different and not just DRK with solo mining. So let the history chooses which approach is right.

I agree SPR should be different but different in the right ways.  Darkcoin currently has reference nodes which means masternodes are very centralized.  If Mr. Spread can have truly decentralized masternodes while still having the 1000 SPR for a masternode remain static, SPR will still be different.  And just as importantly, BETTER.

[georgem]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

Before making his final decision?

But Mr.Spread has already made his final decision when he started this project: Decentralization and decentralization ONLY.

Masternodes will only be implemented if they can be made into truly decentralized masternodes, there is NO compromise possible whatsoever. No tradeoffs of ANY kind.

Everything I have seen Mr.Spread do is pointing towards more decentralization (and consequently more competition).

Therefor you will not see Mr.Spread release "closed source code" EVER,
you will not see him implement enforcement switches only he has the keys to,
you will not see him talk about the need for a Spread Foundation etc.

He will always stay close to satoshis principles, like he is his disciple or something.

One thing I learned after reading this whole thread is: Mr. Spread is a principled guy.

[CryptoStar]

No one block per 24 hours.
 1.81 Mh/s  x 6  280x ~ 10.85 Mh/s

sgminer -I 19 -w 256 --thread-concurrency 8192 -g 2
Anybody know better config?

[georgem]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

Well I am not into the technical side at all.
But I think a MasterNode, let say 1000 SPR, should stay 1000 SPR.
If it's dynamic, you can loose your MasterNode.
But again I'm not fully aware of the potential benefits of dynamic MasterNodes

That's the point, it is good that people can lose their decentralized masternode.
It keeps them alert.
It keeps them upping their game, not just stand there like some entitled people, expecting rewards and honours.
NO, they have to constantly prove that they EARN IT from now on.

Decentralized masternodes introduce free market competition.

I say let DM have no minimum SPR requirement whatsoever. Let people install a DM for even 1 SPR, who cares.
The free market mechanism will simply shut them off in no time, that's the brilliance of it.

A maximum SPR requirement is ALSO not necessary, since the maximum DM count will probably be in the thousands, and we ONLY have a maximum amount of coins of 20 Million.
This means that with 1000 DMs we can't have more than 20k SPR per DM anyway, even if all available coins were locked in DMs, which ofcourse will never happen anyway.

[Jesse Livermore]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

I saw nothing there to persuade me that static master nodes are better than dynamic matter nodes. I think we will just have to see for ourselves how well this works out in a live environment and stop all this hypothetical 'if-then' stuff.
JL

[Jesse Livermore]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

Well I am not into the technical side at all.
But I think a MasterNode, let say 1000 SPR, should stay 1000 SPR.
If it's dynamic, you can loose your MasterNode.
But again I'm not fully aware of the potential benefits of dynamic MasterNodes

That's the point, it is good that people can lose their decentralized masternode.
It keeps them alert.
It keeps them upping their game, not just stand there like some entitled people, expecting rewards and honours.
NO, they have to constantly prove that they EARN IT from now on.

Decentralized masternodes introduce free market competition.

1000% agree here.

[georgem]

I think there is a formula for how much SPR your DM has got to have to be on the safe side of things.

You take the amount of available coins, say 1.5 million SPR.
Then you take the amount of maximum DM possible, let's make that 1000 DM for now.

If you now have 1500 SPR in your DM, there is NO way whatsoever that anyone can throw you out of the game, right?

Since it would mean that all the other 999 DM owners would need to have atleast 1500 + 1 SPR in their masternode,
which is MORE than the available amount of coins at that moment.

So the formula is simple:

You want to hold on to your DM?

Then the amount of SPR in your DM should be (All Available SPR) / (Max DM count) .

Ofcourse you have to up that constantly, since the amount of All Available SPR increases over time, but since it increases with the same tempo we know from BTC, that's not THAT fast.

Sure it is fast in the first few years, but after that, after we have entered a coin supply of 10 Million SPR, and an active flurishing SPR economy, there is no way someone is going to be able to take your DM away when you have 10k SPR in it, not even in the year 2106.

[NoobKidOnTheBlock]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

Before making his final decision?

But Mr.Spread has already made his final decision when he started this project: Decentralization and decentralization ONLY.

Masternodes will only be implemented if they can be made into truly decentralized masternodes, there is NO compromise possible whatsoever. No tradeoffs of ANY kind.

Everything I have seen Mr.Spread do is pointing towards more decentralization (and consequently more competition).

Therefor you will not see Mr.Spread release "closed source code" EVER,
you will not see him implement enforcement switches only he has the keys to,
you will not see him talk about the need for a Spread Foundation etc.

He will always stay close to satoshis principles, like he is his disciple or something.

One thing I learned after reading this whole thread is: Mr. Spread is a principled guy.

I agree Mr. Spread is a very principled developer and I'm pretty sure he is 100% concentrated on making this coin the way that Satoshi intended to do with some of Darkcoin's features but improved But he is definitely determined to make SpreadCoin a totally decentralized coin and he has made that clear time and time again Cheers

[georgem]

Also, there is a fascinating possibility.

One generous guy could grab 100k SPR and put them in his DM.

Now he can himself "master of the universe" if he wants.

AND: all the other 999 DMs below him have a much easier job to keep their DM (using the formula I gave before), since the generous guy took all those coins off the market and basically reduced the amount of available coins for everybody else, ergo making it easier for them to stay on the safe side.

BUT: ofcourse that means that the 999 DMs are at the mercy of the generous guy, who one day could simply decide: Meh, fu** that shit, I am going to take 90k SPR out of the DM, and have an endless party with bikini girls on some private island.



There is no thing for sure in the DM world, people will not be able to relax and chill, they will have to constantly WATCH THEIR BACK!

[jpouza]

Sorry for the noobie question, cannot solo mine this coin, getting 500 Internal Server error on tsiv nvidia miner...

Any ideas?


spreadcoin.conf used:

rpcuser=jpouza
rpcpassword=cash
rpcallowip=127.0.0.1
rpcallowip=192.168.1.*
rpcport=41677
port=41678
gen=0
server=1

Miner:

spreadminer -o http://127.0.0.1:41677 -u jpouza -p cash

Never solo mined before, my network internal IP range is 192.168.1.x, Wallet full syncronized and open...

[MyFarm]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

I saw nothing there to persuade me that static master nodes are better than dynamic matter nodes. I think we will just have to see for ourselves how well this works out in a live environment and stop all this hypothetical 'if-then' stuff.
JL

I'm certainly not against it, just not 100% for it anymore.  I just wanted Mr. Spread to take the other insight into account before he makes his decision.  Whatever decision he goes with, I'll support at that point.

[jelt14]

No one block per 24 hours.
 1.81 Mh/s  x 6  280x ~ 10.85 Mh/s

sgminer -I 19 -w 256 --thread-concurrency 8192 -g 2
Anybody know better config?

ah yea what is ur catalyst version

[eahmadov]

Some Darkcoiners were kind enough to engage me in a debate about the dynamic market pricing of Spread Masternodes.  While I was initially sold on the idea, they did bring up some good points and now I'm not quite so sold.  I tried to play devils advocate and counter their arguments, but I did actually agree with some of them.  Mr. Spread, you may want to read the debate starting here: https://bitcointalk.org/index.php?topic=421615.78200 before making your final decision.  

I saw nothing there to persuade me that static master nodes are better than dynamic matter nodes. I think we will just have to see for ourselves how well this works out in a live environment and stop all this hypothetical 'if-then' stuff.
JL

I'm certainly not against it, just not 100% for it anymore.  I just wanted Mr. Spread to take the other insight into account before he makes his decision.  Whatever decision he goes with, I'll support at that point.

I hope dynamic masternodes will not require more technical knowledge or time to operate than the static ones. People who are busy with their daily work/responsibilities will not like the idea of constantly checking to see if their SPR masternodes are in the list or not. That might greatly discourage investment.

[jpouza]

Sorry for the noobie question, cannot solo mine this coin, getting 500 Internal Server error on tsiv nvidia miner...

Any ideas?


spreadcoin.conf used:

rpcuser=jpouza
rpcpassword=cash
rpcallowip=127.0.0.1
rpcallowip=192.168.1.*
rpcport=41677
port=41678
gen=0
server=1

Miner:

spreadminer -o http://127.0.0.1:41677 -u jpouza -p cash

Never solo mined before, my network internal IP range is 192.168.1.x, Wallet full syncronized and open...

Fixed! The only way to unlock the wallet is mining with the CPU?

Just pointed 1 core to the cpu mining and GPU miner is now allowed.

Cheers