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MyFarm
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January 25, 2015, 08:26:20 PM |
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The only reason Dogecoin is still viable is because so much of it has been given away. Early adopters giving away coin is extremely important. The more people who own your coin, the better.
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You get merit points when someone likes your post enough to give you some. And for every 2 merit points you receive, you can send 1 merit point to someone else!
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NoobKidOnTheBlock
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January 25, 2015, 08:42:55 PM |
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Anyone know why people are dumping their Spread? I thought that the cost of mining this coin was more than 50k a coin? I'm not complaining I mean it's more cheap Spread for me but I'm just curious as to if there is a means behind this sudden onset of miners dumping the coin?
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zeca pagodinho
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January 25, 2015, 08:51:34 PM |
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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? In that particular line (I made several other points) I was not talking about "initial" distribution but about current distribution in general. See, what you are missing it that DRK is a first mover in its market segment, there was no previous benchmark of success when DRK was launched, so although the launch was very poor, people didn't have any particular incentive to hold their coins at that time. So a lot of the early holders sold several times over those amounts specially during DRK's first bubble all the way up to 15USD. 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. This does not really happen with clones, since this coin SPR was valued at only a few thousand satoshis people have been talking about it overtaking DRK so they just hold their coins and they don't ever sell them. There is already a benchmark, they are expecting it to "go to the moon" but this will not happen because the coin is not naturally distributed. All coins that went to the moon were first movers in a way or another. BTC first coin ever, LTC first succesful altcoin, Dogecoin first meme public friendly coin, DRK first privacy centered coin, PPC first Proof of Stake, NXT, BTS, etc. All first movers. Natural distribution only happens when holders dont have a clear expectation of success so they are willing to sell with normal profits, creating a new bigger generation of holders until it reaches a critical point. This is really unlikely to happen with a clone as the success of the original is expected from day one. This is my honest opinion, I guess we willl see what happens. I have a natural distribution plan which you refer, I'm just waiting for the right time to start. I've done some tests and got the expected result. I'm not big amount of SpreadCoin. (but I have enough to get started.)  |
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MyFarm
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January 25, 2015, 08:57:03 PM
Last edit: February 05, 2015, 05:42:21 AM by MyFarm |
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Anyone know why people are dumping their Spread? I thought that the cost of mining this coin was more than 50k a coin? I'm not complaining I mean it's more cheap Spread for me but I'm just curious as to if there is a means behind this sudden onset of miners dumping the coin?
It's actually a really positive thing. 1. It is a decrease on very low volume and has caused a few weak hands to sell. 2. Nobody that has any real quantity of SPR has panic dumped showcasing that the people in this coin believe in its potential. 3. The amount of BTC it would take us to get to our old highs is miniscule. There's no overhead resistance until we get to 70. 4. When masternodes are released and shown to work well, I think we'll have a HUGE rise. The lower we go before that point, the higher the percentage gain will be on coinmarketcap.com and thus the more attention we will get. |
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LitcoinCollector
Legendary
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Activity: 1092
Merit: 1000
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January 25, 2015, 09:31:17 PM |
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Don't quite get what is going on on Bittrex, but I am holding on to my coins!  |
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tbearhere
Legendary
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Activity: 3136
Merit: 1003
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January 25, 2015, 09:50:30 PM |
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Don't quite get what is going on on Bittrex, but I am holding on to my coins! A pump and dump group just got done I think.  |
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danilo303
Member
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Activity: 107
Merit: 10
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January 25, 2015, 10:00:05 PM |
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 This dude and his 68,000 SPR sitting on Bittrex.... |
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NoobKidOnTheBlock
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January 25, 2015, 10:11:16 PM |
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Ya I've noticed that the top wallets on Bittrex haven't dumped any of their coins which is a really good sign for SpreadCoin  This means that these investors aren't letting this coin go for cheap that's for sure I like to know that |
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pokeytex
Legendary
Offline
Activity: 1504
Merit: 1002
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January 25, 2015, 10:16:58 PM |
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This dude and his 68,000 SPR sitting on Bittrex.... I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better? |
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MyFarm
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January 25, 2015, 10:24:53 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. |
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antonio8
Legendary
Offline
Activity: 1386
Merit: 1000
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January 25, 2015, 10:35:34 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. I know you might have been around for a while but do not let your coins sit on an exchange if you can't afford to use the. You know about Mt. Gox, Mint Pal, Crypto Rush etc.... |
If you are going to leave your BTC on an exchange please send it to this address instead 1GH3ub3UUHbU5qDJW5u3E9jZ96ZEmzaXtG, I will at least use the money better than someone who steals it from the exchange. Thanks |
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pokeytex
Legendary
Offline
Activity: 1504
Merit: 1002
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January 25, 2015, 10:36:55 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. Hrmm ok - It was weird. The amount I saw was not exact to mine I just thought it was close enough. LOL - thoroughly confused. |
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MyFarm
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January 25, 2015, 10:55:12 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. I know you might have been around for a while but do not let your coins sit on an exchange if you can't afford to use the. You know about Mt. Gox, Mint Pal, Crypto Rush etc.... Yeah, pretty dumb of me. Just been lazy. Thanks for the kick in the ass. |
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danilo303
Member
Offline
Activity: 107
Merit: 10
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January 25, 2015, 10:56:07 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. Hrmm ok - It was weird. The amount I saw was not exact to mine I just thought it was close enough. LOL - thoroughly confused. I see you sold a few hundred not too long ago; I remember the balance being around 69,000 a few weeks ago. Good to know who they belong to; I know you believe in this project and will not dump SPR into oblivion Myfarm, consider taking a few minutes and moving that crazy amount to your wallet; for 2 good reasons: 1. Bittrex getting hacked(MintGoxRushStamp) 2. It make investors nervous  |
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MyFarm
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January 25, 2015, 11:01:34 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. Hrmm ok - It was weird. The amount I saw was not exact to mine I just thought it was close enough. LOL - thoroughly confused. I see you sold a few hundred not too long ago; I remember the balance being around 69,000 a few weeks ago. Good to know who they belong to; I know you believe in this project and will not dump SPR into oblivion No, I've been paying some of the bounties and giveaways with the balance. |
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e1ghtSpace
Legendary
Offline
Activity: 1526
Merit: 1001
Crypto since 2014
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January 25, 2015, 11:07:10 PM |
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I don't think that is actually sitting on Bittrex. I think that is referencing the block explorer but I don't know for certain. All I can tell you is that I see my amount on the list but I do not have my coins on Bittrex. Anyone know better?
They're on Bittrex. The 68k is me. I've just been lazy about taking them off the exchange since buying them. You won't see any of them being sold for a long, long time. Hrmm ok - It was weird. The amount I saw was not exact to mine I just thought it was close enough. LOL - thoroughly confused. I see you sold a few hundred not too long ago; I remember the balance being around 69,000 a few weeks ago. Good to know who they belong to; I know you believe in this project and will not dump SPR into oblivion No, I've been paying some of the bounties and giveaways with the balance. You're welcome to give me the 60k. I'll take good care of it. |
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Mr. Spread (OP)
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January 25, 2015, 11:09:33 PM |
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We'll begin testing in 1-2 days on testnet. Since we'll need coins to run masternodes I will set initial difficulty to 1/1000 that of SpreadCoin. Ever wanted to instamine something? This will be your chance |
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MyFarm
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January 25, 2015, 11:18:43 PM |
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Great news! Thank you for all the hard work.
Mr. Spread, are you able to release the minimum required SPR for a masternode as of yet?
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e1ghtSpace
Legendary
Offline
Activity: 1526
Merit: 1001
Crypto since 2014
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January 25, 2015, 11:18:55 PM |
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We'll begin testing in 1-2 days on testnet. Since we'll need coins to run masternodes I will set initial difficulty to 1/1000 that of SpreadCoin. Ever wanted to instamine something? This will be your chance Damn, I'll be at school.  |
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MemoryShock
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January 25, 2015, 11:21:13 PM |
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We'll begin testing in 1-2 days on testnet. Since we'll need coins to run masternodes I will set initial difficulty to 1/1000 that of SpreadCoin. Ever wanted to instamine something? This will be your chance Awesome...this is going to be fun as hell to watch... |
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