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

[e1ghtSpace]

He is also pretty damn good at cloning this forum ! lolz

lolz



Someone is stupid. And chinese ! <--- Nice space.

[georgem]

Why don't we do all spreadcoin communication on the official website?
We should all register over the spreadcoin website and conduct all business over there.

Redundancy helped us (and Mr. Spread) yesterday very well. It is good to have things twice, so when one thing breaks or is unavailable you can still post and read.
BCT has had many outages lately too, which motivated me even more to create our own forum.

Certainly.  I'm all for the majority of the conversation taking place on Spreadcointalk but letting this thread die would be a mistake in my opinion.

We should post atleast as much here as in our own forum. It is important to keep a steady conversation going on here, and update it with everything relevant that is happening in spreadonia.

[georgem]

testnet has already 180 MNs running, 160 of which are "elected". (which means they have passed the test of voting and will recieve payment soon)

Not bad for not even 24 hours of testing. Let's keep testing a few more days, and we will scratch the 1000 MN mark for sure.

Whoever wants to help us with testing, join us at:

http://spreadcointalk.org/index.php?topic=37.0

[LitcoinCollector]

Why don't we do all spreadcoin communication on the official website?
We should all register over the spreadcoin website and conduct all business over there.

Redundancy helped us (and Mr. Spread) yesterday very well. It is good to have things twice, so when one thing breaks or is unavailable you can still post and read.
BCT has had many outages lately too, which motivated me even more to create our own forum.

Certainly.  I'm all for the majority of the conversation taking place on Spreadcointalk but letting this thread die would be a mistake in my opinion.

We should post atleast as much here as in our own forum. It is important to keep a steady conversation going on here, and update it with everything relevant that is happening in spreadonia.

I agree BCT is important for exposure.

[cryptmin4r]

testnet has already 180 MNs running, 160 of which are "elected". (which means they have passed the test of voting and will recieve payment soon)

Not bad for not even 24 hours of testing. Let's keep testing a few more days, and we will scratch the 1000 MN mark for sure.

Whoever wants to help us with testing, join us at:

http://spreadcointalk.org/index.php?topic=37.0

Masternode payment starts only when 300 elected MNs

Masternode payments will only start when there are 300 elected masternodes. We may need to lower this number for testnet because we may actually not reach that much.

[georgem]

testnet has already 180 MNs running, 160 of which are "elected". (which means they have passed the test of voting and will recieve payment soon)

Not bad for not even 24 hours of testing. Let's keep testing a few more days, and we will scratch the 1000 MN mark for sure.

Whoever wants to help us with testing, join us at:

http://spreadcointalk.org/index.php?topic=37.0

Masternode payment starts only when 300 elected MNs

Masternode payments will only start when there are 300 elected masternodes. We may need to lower this number for testnet because we may actually not reach that much.

You are right, but this is just test version related, we are not sure yet how this will look like in the main version that will come out soon.

[mrcashking]

Im a DRK supporter going to hold some Spreadcoin as well. I like what Im seeing so im supporting both of these coins.

[georgem]

Im a DRK supporter going to hold some Spreadcoin as well. I like what Im seeing so im supporting both of these coins.

That's what I decided to do too.

[Nthused]

I wonder how much it will be for each SPR Masternode ?

100SPR doesn't seem like much in the MN testnet version, if it does end up being 100 then everyone can have a MN pretty much lol

[georgem]

I wonder how much it will be for each SPR Masternode ?

100SPR doesn't seem like much in the MN testnet version, if it does end up being 100 then everyone can have a MN pretty much lol

There will be a very interesting dynamic.

1000 MNs of 100 SPR will lock 100,000 SPR into masternodes, that's about 6% of the available coinsupply.

Now if only 10 MN owners decide to put 10,000 SPR into their masternoe, there will be about 200,000 SPR locked in masternodes, already taking 12% of the available coins.

Now, what happens if we have 1000 MNs of 100 SPR, and a new comer comes along and decides to install a MN for 101 SPR?
Well, one of the previous MN will have to be dropped, and all the other 999 MNs will say... hm... I could be the next one... my MN is very insecure... newcomers can just invest 1 SPR more and kick me out sooner or later?

So people will start adding SPR to their MN to better secure it.

Where will this end?

That's the funny thing about a free market, nobody knows yet... but it will be discovered.
It will probably also change over time, and have its own dynamic and cycles etc...

[RenegadeMan]

I wonder how much it will be for each SPR Masternode ?

100SPR doesn't seem like much in the MN testnet version, if it does end up being 100 then everyone can have a MN pretty much lol

There will be a very interesting dynamic.

1000 MNs of 100 SPR will lock 100,000 SPR into masternodes, that's about 6% of the available coinsupply.

Now if only 10 MN owners decide to put 10,000 SPR into their masternoe, there will be about 200,000 SPR locked in masternodes, already taking 12% of the available coins.

Now, what happens if we have 1000 MNs of 100 SPR, and a new comer comes along and decides to install a MN for 101 SPR?
Well, one of the previous MN will have to be dropped, and all the other 999 MNs will say... hm... I could be the next one... my MN is very insecure... newcomers can just invest 1 SPR more and kick me out sooner or later?

So people will start adding SPR to their MN to better secure it.

I expect initially we'll see some pretty comical stuff going on in regards to the number of SPR people load onto their nodes. It will be like watching a Harlem shake video; everybody very still, then everyone moving suddenly in radically different directions. Might even get some wave motions going with lots of MNs increasing their SPR count suddenly as others are decreasing with the gyrations settling down for a bit then starting up all over again.

[georgem]

I wonder how much it will be for each SPR Masternode ?

100SPR doesn't seem like much in the MN testnet version, if it does end up being 100 then everyone can have a MN pretty much lol

There will be a very interesting dynamic.

1000 MNs of 100 SPR will lock 100,000 SPR into masternodes, that's about 6% of the available coinsupply.

Now if only 10 MN owners decide to put 10,000 SPR into their masternoe, there will be about 200,000 SPR locked in masternodes, already taking 12% of the available coins.

Now, what happens if we have 1000 MNs of 100 SPR, and a new comer comes along and decides to install a MN for 101 SPR?
Well, one of the previous MN will have to be dropped, and all the other 999 MNs will say... hm... I could be the next one... my MN is very insecure... newcomers can just invest 1 SPR more and kick me out sooner or later?

So people will start adding SPR to their MN to better secure it.

I expect initially we'll see some pretty comical stuff going on in regards to the number of SPR people load onto their nodes. It will be like watching a Harlem shake video; everybody very still, then everyone moving suddenly in radically different directions. Might even get some wave motions going with lots of MNs increasing their SPR count suddenly as others are decreasing with the gyrations settling down for a bit then starting up all over again.

HAHAHA. I like the harlem shake analogy....

That's why I am looking forward to get a daemon only version for masternodes soon, so I can read out the MN list every minute, save the data in a database and create "funky" graphs and visualisations.
This will be as much fun to watch as the SPR price itself.

EDIT: yes the testnet version comes with a daemon, but there is no command to read out the MN list in JSON format yet.

[njs811]

I'm entirely new to this masternodes thing so have I done it correctly? It is still saying that my address is unelected.

[chrysophylax]

I'm entirely new to this masternodes thing so have I done it correctly? It is still saying that my address is unelected.
mzhGGr8V3UCAvHGopK3XzskqHbwmyt4Gae

have you checked the 'control' checkbox in the masternode tab? ...

if so - just wait ...



#crysx

[antonio8]

I'm entirely new to this masternodes thing so have I done it correctly? It is still saying that my address is unelected.

Also please for caution's sake remove your address in your post.

[Hippie Tech]

Maaan ! Not only is Mr Spread adept at :
- flash/easymining his own coin
- neglecting to back up his shit
- losing some or all of his easymined plunder
- demanding that he be paid up front if he is to continue developing copy n pasting SPR
edit
- duping the gullable into paying up
- altering / rigging SPR in ways that are most benefitial to the insiders and whales

He is also pretty damn good at cloning this forum ! lolz

lolz



Someone is stupid. And chinese ! <--- Nice space. <<---

This is some strange irony we have here.

Will you be using these seemingly racist personal attacks when exposing scams with your scam fighting Findcoin ?

[Hatch]

I'm entirely new to this masternodes thing so have I done it correctly? It is still saying that my address is unelected.

have you checked the 'control' checkbox in the masternode tab? ...

if so - just wait ...



#crysx

Yeah. It can take a bit...

I started one masternode yesterday evening and another at around 3AM. Neither was elected when I went to bed soon after. This morning when I woke up, the first was elected (Yippee!) and as of right now, the second one is still unelected and accumulating votes...  

[NoobKidOnTheBlock]

Maaan ! Not only is Mr Spread adept at :
- flash/easymining his own coin
- neglecting to back up his shit
- losing some or all of his easymined plunder
- demanding that he be paid up front if he is to continue developing copy n pasting SPR
edit
- duping the gullable into paying up
- altering / rigging SPR in ways that are most benefitial to the insiders and whales

He is also pretty damn good at cloning this forum ! lolz

lolz



Someone is stupid. And chinese ! <--- Nice space. <<---

This is some strange irony we have here.

Will you be using these seemingly racist personal attacks when exposing scams with your scam fighting Findcoin ?

What the FUNK are you talking about Hippie? You seriously need some help my friend and that's just me being honest with you Nobody here cares what you have to say anymore and I'm pretty sure they have made that all clear so we would all appreciate it if you quit posting in this thread because no one here cares that you're Legendary and no one here cares what you have to say about "YOUR" thoughts on this coin So for the last time I will ask you kindly to please refrain from posting in this thread anymore Cheers mate

[e1ghtSpace]

He is also pretty damn good at cloning this forum ! lolz

lolz



Someone is stupid. And chinese ! <--- Nice space. <<---

This is some strange irony we have here.

Will you be using these seemingly racist personal attacks when exposing scams with your scam fighting Findcoin ?

I was simply pointing out the fact that you have an exclamation mark all by itself, which makes me think english is your second language.

How am I being racist?

So you didn't know that anyone can use SMF?

[Hippie Tech]

Maaan ! Not only is Mr Spread adept at :
- flash/easymining his own coin
- neglecting to back up his shit
- losing some or all of his easymined plunder
- demanding that he be paid up front if he is to continue developing copy n pasting SPR
edit
- duping the gullable into paying up
- altering / rigging SPR in ways that are most benefitial to the insiders and whales

e1ghtSpace : Please stop omitting text from my posts. You have no right to censor me.

He is also pretty damn good at cloning this forum ! lolz

lolz



Someone is stupid. And chinese ! <--- Nice space. <<---

This is some strange irony we have here.

Will you be using these seemingly racist personal attacks when exposing scams with your scam fighting Findcoin ?

I was simply pointing out the fact that you have an exclamation mark all by itself, which makes me think english is your second language.

So you didn't know that anyone can use SMF?

Your sloppy editting left that exclamation mark behind.

Now go turn your ponzi shill self in to the Findcoin team and beg for their mercy !

Whatcha gonna do when the ponzi runs dry ?