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

[timedelay]

100K sato within 2 weeks 

[NoobKidOnTheBlock]

100K sato within 2 weeks 

Well like I stated earlier I think EightSpace was right about the 75k in a couple days and as the word keeps SPREADING about this coin then for sure 100k within a couple weeks and then once MR. SPREAD starts the testing for the masternodes and people start realizing the serious potential behind this coin then KABOOM baby we are going to be seeing people rushing out to buy SpreadCoin like it's fucking Christmas Eve and EVERYONE forgot to get their presents!! LOL That kind of crazy is what I'm looking at

[NoobKidOnTheBlock]

Also it is really nice to see that anyone holding SpreadCoin realizes its worth and aren't willing to give them up cheap I mean it kind of sucked for someone like me who had to buy all my coins but I know that every coin I have bought is worth every Satoshi that I paid for them and more! I've been urging people to read through the thread and giving them links to the thread and to the website to try to help some other good people that I know in on this Diamond before it really takes off

[georgem]

Mr. Spread, if possible, could you please release the minimum SPR requirement for masternodes before testing begins?  I say this because I would like to recruit some people experienced in masternode testing and if I have that number, it'll be much easier for me to do so.

Thank you.

I would think testing would be on testnet, with tSPR. Mr Spread should mine a few hundred thousand so we can grab what we need from a faucet and get on with it. Testnet needs miners too, but a few people running the in-wallet CPU miner should do.

Agreed.  My plan is to approach a couple people I respect as masternode testers and offer them a couple masternodes worth of mainnet SPR if they help us with the testing on testnet.  I'd just need to know the number of SPR needed for masternodes to do that.

The required SPR will be dynamic. This is for sure. Mr.Spread has repeated this many times already.
What we don't know yet is, what the max number of MNs will be.

Do you understand the implications of this? It is a little mind boggling for sure.

Say the maximum SPR MNs will be 1000 MN (or maybe it is dynamic itself as I do advocate *), then in the beginning you will see many of those MNs run with just 1 SPR on them.
Why? Because it will take some time before we fill all those thousands of available places, right? This will take weeks, maybe longer. Maybe shorter depending on the success of SPR. I hope!
I say if someone is a darkcoiner running MNs and you are not atleast investing 1 - 10 SPR and installing a SPR MN side by side with your DRK MN then you are missing a big chance here!

The entry point for running a (weak) SPR MN will always be magnitudes cheaper than a DRK MN.

Sure, a strong SPR MN is gonna cost you, but we are talking about entry point here.

So please tell all your masternode friends that they just have to be ready. I say if you keep 1000 SPR at hand, you can certainly finance a few dozen masternodes with it. Certainly. And even keep them alive for a few weeks.... until the price discovery kicks them out of the game. ----> Fierce competition.



* I advocate to have the maximum nr of SPR MN derived from the formula (Available coins)/1000

[MyFarm]

My interpretation of what Mr. Spread said was that there would be a minimum price they started at.  Now, maybe that will be 1 SPR, maybe 100 SPR, I don't know.  But that's how I interpreted it.  Could be wrong though.

[jpouza]

I am working on a improved spreadcoinminer for NVIDIA cards

I will integrate and optimize TSIV's spreadcoin into the latest fork of ccminer. I will send out beta versions for a fee of 0.1 BTC. The beta will be a windows executable.
I might send out more than one exe in the testing phase, if I manage to optimize more.
I will publish the sourcecode after one month of betatesting. (When I publish the sourcecode, the spreadcoin will spread bether, and secure the coin)
 
The current speed will be announced when the exefile is released. Hopefully next weekend 25-26 january.

The estimated speed increase is 30-40% on the 980 cards

If you want a early seat, you can start donating to my BTC  or DRK adress in my signature.

Sent you another PM, just lost two 750Ti, I need the opt. miner to compensate my lost

Cheers

[e1ghtSpace]

Somehow my unofficial spreadcointalk website has had more people online at once than the official one. lol

[georgem]

My interpretation of what Mr. Spread said was that there would be a minimum price they started at.  Now, maybe that will be 1 SPR, maybe 100 SPR, I don't know.  But that's how I interpreted it.  Could be wrong though.

You could be right.

Mr. Spread exact words last time he mentioned this were:

I'm working on decentralized (no reference nodes) masternodes and instant transactions. I hope that by the end of this month or sooner we will have public testnet with working masternodes and instant transactions, all code will be open sourced by that moment. DarkSend is much more complicated subject, don't expect it soon.

Amount for running masternode hasn't been set yet. It depends on how many masternodes we want which is not yet clear. The more is better for decentralization, on the other hand we need not to bloat the network with masternode related messages. Instead of setting the required amount it may be better to set the maximum number of masternodes and minimum required amount. Once the number of masternodes will reach the maximum only masternodes with maximum deposits will remain and others will be automatically delisted.

If I interpret it correctly, then we don't need to set any minimum required amount at all. All installed masternodes will figure the price out by themselves, by competing with each other.

You may be right though that the minimum SPR could be set to something atleast a little bit above the ground, say 10-100 SPR, which would make sense...
But do we really want that?

What if SPR goes to 100$ each.. doesn't this make a MN cost 10000$ just to run it (when the requirement is 100 SPR)... isn't this again going against decentralization?

That's why I advocate for not setting a minimum price, because this will create a very healthy competition. In fact that's what will attract a lot of newcomers all the time.

Hey, we can set the minimum to something like 10 SPR, but not more. I am quite sure from a free market perspective that it is very bad for competition to set artificial hurdles like that.
So best thing would be to set no hurdles at all!

[georgem]

Somehow my unofficial spreadcointalk website has had more people online at once than the official one. lol

what, you still run it? lol

[e1ghtSpace]

Somehow my unofficial spreadcointalk website has had more people online at once than the official one. lol

what, you still run it? lol

Nah, I just went to it to see if it was still there.

[georgem]

if we wanna attract a lot of new people and immediately create a big network of masternodes, why not get rid of any requirement.

I am even thinking about none at all, ZERO, NADA.

Not 1 SPR as I said before.... better yet, why not 0 SPR.

 

(I am serious)

[DogeBoy]

Is it pool-proof, multipool-proof?

[georgem]

Is it pool-proof, multipool-proof?

Yes it is, why not give it a try?

[e1ghtSpace]

Is it pool-proof, multipool-proof?

Yes it is, why not give it a try?

The funny thing about multipools is that you'd make more spreadcoins just directly mining it yourself.

[georgem]

Is it pool-proof, multipool-proof?

Yes it is, why not give it a try?

The funny thing about multipools is that you'd make more spreadcoins just directly mining it yourself.

Totally, this happened to me when I mined a few new SHA-256 coins in summer 2014. Made more money by finding blocks myself, instead of using my prefered multipool at that time.
Works only best with new coins though, with still rather low hashrate.

[Hippie Tech]

My interpretation of what Mr. Spread said was that there would be a minimum price they started at.  Now, maybe that will be 1 SPR, maybe 100 SPR, I don't know.  But that's how I interpreted it.  Could be wrong though.

You could be right.

Mr. Spread exact words last time he mentioned this were:

I'm working on decentralized (no reference nodes) masternodes and instant transactions. I hope that by the end of this month or sooner we will have public testnet with working masternodes and instant transactions, all code will be open sourced by that moment. DarkSend is much more complicated subject, don't expect it soon.

Amount for running masternode hasn't been set yet. It depends on how many masternodes we want which is not yet clear. The more is better for decentralization, on the other hand we need not to bloat the network with masternode related messages. Instead of setting the required amount it may be better to set the maximum number of masternodes and minimum required amount. Once the number of masternodes will reach the maximum only masternodes with maximum deposits will remain and others will be automatically delisted.

If I interpret it correctly, then we don't need to set any minimum required amount at all. All installed masternodes will figure the price out by themselves, by competing with each other.

You may be right though that the minimum SPR could be set to something atleast a little bit above the ground, say 10-100 SPR, which would make sense...
But do we really want that?

What if SPR goes to 100$ each.. doesn't this make a MN cost 10000$ just to run it (when the requirement is 100 SPR)... isn't this again going against decentralization?

That's why I advocate for not setting a minimum price, because this will create a very healthy competition. In fact that's what will attract a lot of newcomers all the time.

Hey, we can set the minimum to something like 10 SPR, but not more. I am quite sure from a free market perspective that it is very bad for competition to set artificial hurdles like that.
So best thing would be to set no hurdles at all!

Never mind the price.. the MN in itself is a third party interventionist's dream.

As if the privkey and gpu mining wasn't enough, this MN bull's shit makes me want to say, "FUCK IT I QUIT" SPR.



https://www.youtube.com/watch?v=_nAkolFEm5k

edit

Decentralized ... MY ASS !

[georgem]

Never mind the price.. the MN in itself is a third party interventionist's dream.

As if the privkey and gpu mining wasn't enough, this MN bull's shit makes me want to say, "FUCK IT I QUIT" SPR.



https://www.youtube.com/watch?v=_nAkolFEm5k

edit

Decentralized ... MY ASS !

I hear you.

But aren't wallets just nodes themselves?

It's not like masternodes are here to secure the blockchain, they aren't.

They are here to provide new features like instant transactions or god knows what else we come up with in the future.

[LiteMine]

I'll take that as a sign of success when HippieTech takes time out of his busy day to come bash us

He used to mine SPR in December, but I guess it got too difficult for his 7870, so now the FUD begins... Did someone miss the boat on this one?

[georgem]

I see, lol.

He did make some very valid points earlier in this thread. (I remember from reading the whole thread.... wait I will try and find it)

[tminer]

price jumping like a rocket. only around 18 btc reach 75k mark. for those having deep pockets give a push.

may be soon