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

[e1ghtSpace]

Redcoin ?? hub ha,Redcoin ??!! Is that the coin trying to follow a dog(doge) ??
oh,please ,forget about it ,I dont even want to mention its name,indeed.

Redcoin? More like Deadcoin.

[soundwallet]

I must say that I do enjoy having SPR around and I am excited to see what happens.  I am not investing in it though, as I don´t see the added value proposition in terms of the end user compared to DRK.  The differences are of form,  do the masternodes a little different, do the mining a little different, but nothing different than DRK or BTC for the end user. For now the only end user directed feature I have heard of is copying InstantX from DRK, but DRK already has that. So no original added value from an end user perspective yet, lets see what the future holds.

On the other hand, I dont like investing in anonymous developers and also I have the feeling that some early holders have more power over the project than the developer himself. So in the end, I wouldnt know who I am entrusting my money with.

The last thing that I would say is that the DRK holders that are here have all their bases covered, they already own nice amounts of DRK and is not like they sold those to hold SPR. So the newbies here should be careful and do the same and cover their bases buy some DRK.  Some of the DRK holders here see this as a side investment if it does not go well they still have their DRK so they are OK if it goes well they make some profit, so they don't have much to loose.

 Other DRK holders saw an opportunity to buy lots of this really cheap and promote it as an alternative within the community and then others bought that idea as they could buy more of this than they could DRK and are hoping for rewards. Those are all very good valid reasons to take a risk, but again, they all have their bases covered. If you are a newbie here with no DRK holdings you are assuming a greater risk than they are and that puts you at a disadvantage if you have decided you want to support this coin you must hedge your investment and buy some DRK, since for now it is trying to be a copy of a much more established coin, it makes no sense to only hold the copy.  The ones that hold the original and the copy too, have all their bases covered are doing it right. The ones that only hold the copy are running a greater risk and are at the hands of the first group.

Good luck with the project, lets see how it goes.   I am staying with DRK though a lot more to do still. Cheers.

You REALLY wanna talk about initial distribution, when DRK was mined at low diff with a higher block reward, before it was dropped lower, fucking everyone who mined later?

Also, there were some unplanned events that helped a lot with distribution, back in the early days there was a big hack on C-CEX I lost 1500USD on that hack. Where the hacker stole a bunch of BTC bought DRK with stolen coins, extract those DRK from C-CEX and dumped them all on Poloniex, people bought for nothing in Poloniex all of these stolen coins. Additionally, a lot of early holders are documented to have sold during the first bubble like InternetApe who sold 160K coins as he didn't know DRK was going to become what it did.  So time took care of distributing DRK properly.

Mr. Spread also lost all of his mined coins. Also, coins were being sold on exchanges for 1k satoshis early on. I got in at 3k. Anyone could have done that.

Lost or not,I dont care,as a original dev,he deserves some kind of reward.
If sb want to darken a coin,there are always some coins much more darker than SPR.

[Nthused]

I've literally just started mining SPR, hopefully I hit a few blocks or so

[soundwallet]

Redcoin ?? hub ha,Redcoin ??!! Is that the coin trying to follow a dog(doge) ??
oh,please ,forget about it ,I dont even want to mention its name,indeed.

Redcoin? More like Deadcoin.

Yeah,dead dog~ no feeding about it plz.

[soundwallet]

I've literally just started mining SPR, hopefully I hit a few blocks or so

yes ,you will. keep patient ~

[soundwallet]

can we set up a sky group??so we can talk

[e1ghtSpace]

can we set up a sky group??so we can talk

Add me: e1ghtSpace

[e1ghtSpace]

Who likes this idea: (this goes under the mining tab)

VanityGen built into the wallet. Good idea?

[soundwallet]

can we set up a sky group??so we can talk

Add me: e1ghtSpace

If that skype group is set up,you are the first one to be added.
I really hope SPR can be the light in the darkness   in the seas of scams and shitcoins.
well,next week,as I said before,it's the time to test SPR.If SPR pass the test,the path will be wider and brighter.Every investor will benefit a lot~

[georgem]

can we set up a sky group??so we can talk

Add me: e1ghtSpace

If that skype group is set up,you are the first one to be added.
I really hope SPR can be light in the darkness and in the seas of scams and shitcoins.
well,next week,as I said before,it's the time to test SPR.If SPR pass the test,the path will be wider and brighter.Every investor will benefit a lot~

I've not used skype in a while, but I will consider joining your skype group.

Also, does anyone know who is managing the official spreadcoin twitter account?

https://twitter.com/spread_coin

Is it mr. spread?

[soundwallet]

can we set up a sky group??so we can talk

Add me: e1ghtSpace

If that skype group is set up,you are the first one to be added.
I really hope SPR can be the light in the darkness   in the seas of scams and shitcoins.
well,next week,as I said before,it's the time to test SPR.If SPR pass the test,the path will be wider and brighter.Every investor will benefit a lot~

It's like a gambling ,huh? However the winning chance is much bigger ,from my previous experiences about SPR.

[MyFarm]

Again, you don't even have masternodes setup as a network to provide tx locking. Are you really going to want tx locking on say 50 masternodes? 100? How many is enough to actually provide viable consensus? People keep talking like IX is right around the corner here, maybe it is, but I question sensibility without any pre-existing infrastructure to support its design. Lots of dreamers here, that's for sure.

Why dreamers?

Darkcoin made a powerful masternode network happen in just one year, and this with the quite hefty price tag of 1000 DRK per MN.

SPR masternodes will be more flexible, both in price and in installation requirements.

Plus, the darkcoin people will probably be most interested in running a DRK and SPR masternode side by side... why shouldn't they, if they already have the infrastructure in place?
Sounds like a nice additional profit without any large expenses.

So far, this is nothing more than a glorified clone. The no-pool thing is gimmicky without standing the test of time in terms of whether or not this really will prevent creative pools from mining. Besides, isn't there a miner (or group of miners) that control in excess of 20% of the existing network hash. How is that decentralized? Further, the current distribution coupled with lack of volume only indicates that when the masternodes do come into play, it's going to remain incredibly centralized with only a handful of parties involved. When you have people owning in excess of 7% of the outstanding coins, you have problems. Evan has already done the heavy lifting here, IX code is out on github and has been since November (iirc). People make it seem like Mr. Spread is superior to Evan in terms of ability when there hasn't been anything truly innovative here. The SpreadX11 came from a mistake in playing with the blocktemplate which is currently the sole selling point of this coin. Did he find a potential vulnerability in DRK, sure, but if you have enough eyes looking at various areas of the codebase, you're bound to find bugs and the likes on new code that isn't even a year old. When Mr. Spread actually does something innovative besides taking code that Evan and team has already designed, then I will be interested. Until then, its a glorified clone with a gimmicky idea that hasn't stood the test of time in terms of viability.

Hi Oblox.  As you asked me not to talk about Spreadcoin in the Darkcoin thread, does this mean I can come back?  

I'm going to let you in on a little secret.  At one point in time, I suspect that between me, Internet Ape, and Evan, we owned in excess of 30% of the available Darkcoin.

At present, I own a bit more than 7% of Spreadcoin.  Now, I readily admit that isn't healthy for any currency and have slowly been giving it away and utilizing it in bounties.  As masternodes are released, I will be giving a LOT away to help secure and diversify the network.

Over time, just like Darkcoin, the distribution of SPR will improve.  

[antonio8]

I said "is currently" for a reason. Satoshi "currently" ain't kicking anyone's ass in programming crypto.

I know this is dumb but who's to say that Satoshi never created another "newbie" account and created another coin (besides sha256) just to see how it would go as an experiment to not have his name attached to it.

Maybe we'll no one day.






Or maybe we never will. (I bet this one)

[soundwallet]

Again, you don't even have masternodes setup as a network to provide tx locking. Are you really going to want tx locking on say 50 masternodes? 100? How many is enough to actually provide viable consensus? People keep talking like IX is right around the corner here, maybe it is, but I question sensibility without any pre-existing infrastructure to support its design. Lots of dreamers here, that's for sure.

Why dreamers?

Darkcoin made a powerful masternode network happen in just one year, and this with the quite hefty price tag of 1000 DRK per MN.

SPR masternodes will be more flexible, both in price and in installation requirements.

Plus, the darkcoin people will probably be most interested in running a DRK and SPR masternode side by side... why shouldn't they, if they already have the infrastructure in place?
Sounds like a nice additional profit without any large expenses.

So far, this is nothing more than a glorified clone. The no-pool thing is gimmicky without standing the test of time in terms of whether or not this really will prevent creative pools from mining. Besides, isn't there a miner (or group of miners) that control in excess of 20% of the existing network hash. How is that decentralized? Further, the current distribution coupled with lack of volume only indicates that when the masternodes do come into play, it's going to remain incredibly centralized with only a handful of parties involved. When you have people owning in excess of 7% of the outstanding coins, you have problems. Evan has already done the heavy lifting here, IX code is out on github and has been since November (iirc). People make it seem like Mr. Spread is superior to Evan in terms of ability when there hasn't been anything truly innovative here. The SpreadX11 came from a mistake in playing with the blocktemplate which is currently the sole selling point of this coin. Did he find a potential vulnerability in DRK, sure, but if you have enough eyes looking at various areas of the codebase, you're bound to find bugs and the likes on new code that isn't even a year old. When Mr. Spread actually does something innovative besides taking code that Evan and team has already designed, then I will be interested. Until then, its a glorified clone with a gimmicky idea that hasn't stood the test of time in terms of viability.

Hi Oblox.  As you asked me not to talk about Spreadcoin in the Darkcoin thread, does this mean I can come back?  

I'm going to let you in on a little secret.  At one point I owned in excess of 18% of Darkcoin.  At that point in time, I suspect that between me, Internet Ape, and Evan, we owned in excess of 30% of the available Darkcoin.

At present, I own a bit more than 7% of Spreadcoin.  Now, I readily admit that isn't healthy for any currency and have slowly been giving it away and utilizing it in bounties.  As masternodes are released, I will be giving a LOT away to help secure and diversify the network.

Over time, just like Darkcoin, the distribution of SPR will improve.  

I really appreciate your generiocity,myfarm. you are a nice guy,you've done alot for spr,even you are a early adoptor.
SPR is a real  PoW coin in this year though GPU mining is falling....

[MyFarm]

You just hate competition...

I for one love both coins, and think they will be of benefit to each other.

Actually, I love competition and so far, SPR isn't a threat (it doesn't have the network, the hash power, the market cap, the team size (talent pool), the distribution, the volume, and the innovation that DRK already has). Should Mr. Spread create some sort of improvement, I know Evan will use it, but I'm still waiting.

What I do hate is not giving credit where credit is due and the naive nature of nearly everyone in here. I'm going back to lurking until more BS is spewed.

At present, Darkcoin not only has reference nodes, enforcement is off because the network forks when it is on.  While I love Darkcoin and want it to succeed (and think it will) make no mistake, its position is highly vulnerable right now.  Any investor not hedging is not a smart investor.

[soundwallet]

You just hate competition...

I for one love both coins, and think they will be of benefit to each other.

Actually, I love competition and so far, SPR isn't a threat (it doesn't have the network, the hash power, the market cap, the team size (talent pool), the distribution, the volume, and the innovation that DRK already has). Should Mr. Spread create some sort of improvement, I know Evan will use it, but I'm still waiting.

What I do hate is not giving credit where credit is due and the naive nature of nearly everyone in here. I'm going back to lurking until more BS is spewed.

At present, Darkcoin not only has reference nodes, enforcement is off because the network forks when it is on.  While I love Darkcoin and want it to succeed (and think it will) make no mistake, its position is highly vulnerable right now.  Any investor not hedging is not a smart investor.

Good point~~,indeed

[e1ghtSpace]

can we set up a sky group??so we can talk

Add me: e1ghtSpace

If that skype group is set up,you are the first one to be added.
I really hope SPR can be light in the darkness and in the seas of scams and shitcoins.
well,next week,as I said before,it's the time to test SPR.If SPR pass the test,the path will be wider and brighter.Every investor will benefit a lot~

I've not used skype in a while, but I will consider joining your skype group.

Also, does anyone know who is managing the official spreadcoin twitter account?

https://twitter.com/spread_coin

Is it mr. spread?

I believe so

[MyFarm]

I must say that I do enjoy having SPR around and I am excited to see what happens.  I am not investing in it though, as I don´t see the added value proposition in terms of the end user compared to DRK.  The differences are of form,  do the masternodes a little different, do the mining a little different, but nothing different than DRK or BTC for the end user. For now the only end user directed feature I have heard of is copying InstantX from DRK, but DRK already has that. So no original added value from an end user perspective yet, lets see what the future holds.

On the other hand, I dont like investing in anonymous developers and also I have the feeling that some early holders have more power over the project than the developer himself. So in the end, I wouldnt know who I am entrusting my money with.

The last thing that I would say is that the DRK holders that are here have all their bases covered, they already own nice amounts of DRK and is not like they sold those to hold SPR. So the newbies here should be careful and do the same and cover their bases buy some DRK.  Some of the DRK holders here see this as a side investment if it does not go well they still have their DRK so they are OK if it goes well they make some profit, so they don't have much to loose.

 Other DRK holders saw an opportunity to buy lots of this really cheap and promote it as an alternative within the community and then others bought that idea as they could buy more of this than they could DRK and are hoping for rewards. Those are all very good valid reasons to take a risk, but again, they all have their bases covered. If you are a newbie here with no DRK holdings you are assuming a greater risk than they are and that puts you at a disadvantage if you have decided you want to support this coin you must hedge your investment and buy some DRK, since for now it is trying to be a copy of a much more established coin, it makes no sense to only hold the copy.  The ones that hold the original and the copy too, have all their bases covered are doing it right. The ones that only hold the copy are running a greater risk and are at the hands of the first group.

Good luck with the project, lets see how it goes.   I am staying with DRK though a lot more to do still. Cheers.

I appreciate your reasoned perspective and mature approach, thanks for taking part in the discussion.  A few things:

1.  Mr. Spread is very likely anonymous because cryptocurrency isn't legal where he resides.

2.  Very recently in the thread I made a suggestion on the direction Spreadcoin should go.  I own a boatload of SPR.  Mr. Spread said no.  I'm not used to being told no and my very first reaction that lasted about 10 seconds was feeling very pissed.  But then a smile crept across my face as I realized the value of Mr. Spread being in control of the direction of this coin and having the strength to tell a large investor no (this is not common).

3.  I agree holding both DRK and SPR is a good idea.  See #4.

4.  I like people like you having skin in the game and we both agree on #3.  As such, if you'd like 1,000 SPR for free, PM me.

[e1ghtSpace]

4.  I like people like you having skin in the game and we both agree on #3.  As such, if you'd like 1,000 SPR for free, PM me.

That's very kind of you. +1

[Stormkeeper]

4.  I like people like you having skin in the game and we both agree on #3.  As such, if you'd like 1,000 SPR for free, PM me.

That's very kind of you. +1

I was happy when I got 15 SPR from you MyFarm  And now you give away 1000 SPR. You are a generous man for sure, I wish more ppl in the crypto world was as good hearted as that. Keep up the good work.