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

[luigi1111]

That make's you a pool operator, using their logic.  

LMFTFY

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

+1 Well said.

Until somebody comes up with a multisig solution to public pool mining that is.

Coins101, this isn't correct. It's not that the pool can see information it shouldn't (all pools see this information), it's that each miner sees information it "shouldn't". Therefore everyone "should" try to steal the block reward immediately, while still receiving payments for submitting shares for blocks they didn't find (though if everyone did that, there wouldn't be a reward left to distribute).

Stonehedge, I don't see how multisig would have any affect whatsoever on this situation.

However, I think a poster on spreadcointalk may have solved the dilemma: each miner mines to their own address (provided to them by the pool) while having a collateral in the pool's possession equal to block reward.

[spreadnodes]

https://i.imgur.com/Dg0LKMM.png

https://i.imgur.com/b2XLeqN.jpg



The solid proof of the existence of pools. 

That should end that argument but it won't.  Just like climate change deniers nothing will make them admit the truth.

Thanks for posting those screenshots.

[tacotime]

X-posted from the other thread, by me...

So, for a pool, I think what you would do is just have people send the BTC equivalent of one block's reward to the pool (which isn't much), then if the miner's steal the reward, the pool still retains their deposit so net miner gain is 0. You would have the miners themselves mine to their own pubkeyhashes, and you'd submit partial solutions to these blocks to the pool itself. When the miner gets a block, they would be given n many blocks to get the coinbase from their block to the pool to redistribute to the other miners. If they didn't return the reward to the pool, the pool would then just take their deposit and ban them.

So, I don't think there's a big issue with pooling, just a slightly more complicated implementation. There's a small associated cost with joining a pool, but it's not really much.

[luigi1111]

So I guess they won't be taking the (No Pools) out of the ANN.

It appears that the concept of a true solo only coin is appealing to many people.  Since spreadcoin obviously does not fall into that category, we are going to move forward towards that goal.  I am putting a roadmap together outlining the path towards that goal.  It won't be easy and it won't happen overnight but I am sure that with the help of those that have contacted me we will be able to achieve that goal.  

Spreadcoin and those behind it can continue to make false claims and move towards their masternode implementation designed to enrich a few large holders that are now making the decisions for spreadcoin.  It's unfortunate that they are so shortsighted that all they can see is short term profit.  I am of the belief that you can create something without false promises and if the product is good and does what it claims the rest will fall in place.

I'll be getting back to those of you that have contacted me in the near future.

Thanks for your support

Not to rain on your parade, but I'd love to hear how you're going to accomplish this. I do not believe it is possible on a theoretical level.

The way Spread is currently is essentially no pools. I private pool with closed registration doesn't count. However, as I posted above, I think it's only a matter of time before someone implements a feasible public pool. Interestingly, though, compare that to BTC. A collateral equal to block reward would be hard to swallow: 25 BTC to be allowed to mine at a pool.  

Edit: tt nailed it.

[coins101]

The solid proof of the existence of pools. 

Whose the nob not donating to the pool

[horizontalcareer]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

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

 
No comment.

The new fake spr topic-starter has just deleted my post above.
2 relavent pictures without any comment are deleted.
His irrelavent pic is still there.
Why? 
It's time for me to open a new topic.
Here is the link : https://bitcointalk.org/index.php?topic=946841

[coins101]

That make's you a pool operator, using their logic.  

LMFTFY

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

+1 Well said.

Until somebody comes up with a multisig solution to public pool mining that is.

Coins101, this isn't correct. It's not that the pool can see information it shouldn't (all pools see this information), it's that each miner sees information it "shouldn't". Therefore everyone "should" try to steal the block reward immediately, while still receiving payments for submitting shares for blocks they didn't find (though if everyone did that, there wouldn't be a reward left to distribute).

Stonehedge, I don't see how multisig would have any affect whatsoever on this situation.

However, I think a poster on spreadcointalk may have solved the dilemma: each miner mines to their own address (provided to them by the pool) while having a collateral in the pool's possession equal to block reward.

Thanks, luigi1111

That was my bad.

It happens when you argue with someone on the internet and you know they are wrong.  

[coins101]

X-posted from the other thread, by me...

So, for a pool, I think what you would do is just have people send the BTC equivalent of one block's reward to the pool (which isn't much), then if the miner's steal the reward, the pool still retains their deposit so net miner gain is 0. You would have the miners themselves mine to their own pubkeyhashes, and you'd submit partial solutions to these blocks to the pool itself. When the miner gets a block, they would be given n many blocks to get the coinbase from their block to the pool to redistribute to the other miners. If they didn't return the reward to the pool, the pool would then just take their deposit and ban them.

So, I don't think there's a big issue with pooling, just a slightly more complicated implementation. There's a small associated cost with joining a pool, but it's not really much.

Quality, as always.

Cheers for that tacotime 

[Jeff8247]

Spreadnodes = shoyaxt

New coin, new name, same fud.

[MisfiringNeuron]

Spreadnodes = shoyaxt

New coin, new name, same fud.

I don't own any spreadcoin, just darkcoin, and I could see this a mile away as well.  I'm working towards my phd in psychology (ALMOST THERE!) and am very concerned about their mental health status.  There are plenty of trolls and jerks on this forum which doesn't concern me.  But there are dozens of red flags when it comes to shoyaxt.  I hope they get the help they so desperately need.  At least they're no longer trolling darkcoin.  If there's one good thing spreadcoin did, it took him from us.  lol

[luigi1111]

That make's you a pool operator, using their logic.  

LMFTFY

That makes you a pool operator according to their deliberately disingenuous definition.

It's FUD. There's no logic involved, only wilful misinterpretation. You can make it up --- and they do ... the Daily Mail does it all the time.

Cheers

Graham

From what I can tell, The Daily Mail exaggerate the truth.

That's what's going on here.

From what I can tell:

Q. Can SPR be pool mined?
A. Yes.

Q. Would it be advisable to pool mine SPR?
A. No. The pool can steal your money.

Q. Would it be advisable to pool mine with a trusted pool operator?
A. Possibly.

So the OP should be qualified. Pool mining is possible [I don't actually know that for certain yet], but it is discouraged because the pool gets to see information you should not show them.

We've had this before. All the multiplools hold on to your money and then they dump coins onto exchanges. Then they payout. You are never in control of your money until you get paid, and then you don't really know how much you are due.

You can try and belittle the view, but there seems to be some element of truth in what is being discussed. You may not like they way people are going about it, but you can't simply call them out as liars.

edit

+1 Well said.

Until somebody comes up with a multisig solution to public pool mining that is.

Coins101, this isn't correct. It's not that the pool can see information it shouldn't (all pools see this information), it's that each miner sees information it "shouldn't". Therefore everyone "should" try to steal the block reward immediately, while still receiving payments for submitting shares for blocks they didn't find (though if everyone did that, there wouldn't be a reward left to distribute).

Stonehedge, I don't see how multisig would have any affect whatsoever on this situation.

However, I think a poster on spreadcointalk may have solved the dilemma: each miner mines to their own address (provided to them by the pool) while having a collateral in the pool's possession equal to block reward.

Thanks, luigi1111

That was my bad.

It happens when you argue with someone on the internet and you know they are wrong.  

Woops, I thought the graphic was funny, didn't realize 'til just now that I was falling for the exact same thing. 

[horizontalcareer]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

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

 
No comment.

The new fake spr topic-starter has just deleted my post above.
2 relavent pictures without any comment are deleted.
His irrelavent pic is still there.
Why? 
It's time for me to open a new topic.
Here is the link : https://bitcointalk.org/index.php?topic=946841

Any comment on the screenshots ?

[luigi1111]

A reply of yours, quoted below, was deleted by the starter of a self-moderated topic. There are no rules of self-moderation, so this deletion cannot be appealed. Do not continue posting in this topic if the topic-starter has requested that you leave.

You can create a new topic if you are unsatisfied with this one. If the topic-starter is scamming, post about it in Scam Accusations.

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

 
No comment.

The new fake spr topic-starter has just deleted my post above.
2 relavent pictures without any comment are deleted.
His irrelavent pic is still there.
Why?  
It's time for me to open a new topic.
Here is the link : https://bitcointalk.org/index.php?topic=946841

Any comment on the screenshots ?

Would you mind giving it a rest? Just because there's a moderated thread now doesn't mean you should attempt to destroy the unmoderated one (though it'll probably be locked anyway).

We're discussing how to feasibly make a pool. Your posting is disingenuous and not relevant to the discussion.

[coins101]

Spreadnodes = shoyaxt

New coin, new name, same fud.

Actually, I was coming to a similar conclusion.

But there are one or two other people that have a similar style and I couldn't choose between them.  Then again, they may all be the same person 

Still, approach aside, he was more right than wrong.

[coins101]

Spreadnodes = shoyaxt

New coin, new name, same fud.

I don't own any spreadcoin, just darkcoin, and I could see this a mile away as well.  I'm working towards my phd in psychology (ALMOST THERE!) and am very concerned about their mental health status.  There are plenty of trolls and jerks on this forum which doesn't concern me.  But there are dozens of red flags when it comes to shoyaxt.  I hope they get the help they so desperately need.  At least they're no longer trolling darkcoin.  If there's one good thing spreadcoin did, it took him from us.  lol

Never ceased to be surprised by what crypto people do.

The answer to obesity lies within the works of Sapolsky.

Stress: Aging Brain and the Mechanisms of Neuron Death, 1992

I don't think he completely followed up on the connections he was starting to make in that work.  He was too focused on stress and neuron death / atrophy and the like.

Something for phd nr.2

I actually think Darkcoin has reached a point where fud doesn't work. It's more about the technology working and its development status.

Spreadcoin is still too early for that phase as it doesn't have a strong enough support base.  Going over to a self moderated thread is a bad idea.

Being in a state of perpetual agreement with each other is not healthy to developing a strong technological solution.  Its closer to nepotism than developing a trustless financial system.

Holy shit, I think I'm actually shoyaxt

[imnyam]

Hey,
I can make android wallet for SpreadCoin. Need?
If yes, have any bounties for this?

[elbandi]

Hey,
I can make android wallet for SpreadCoin. Need?
If yes, have any bounties for this?

I already working on it...

Elbandi

[DeCrypterManiac]

No Buy wall anymore ?

Price is going down, down..

[sparkster]

No Buy wall anymore ?

Price is going down, down..

Informative value of posts ITT is going down, down...

[horizontalcareer]

No Buy wall anymore ?

Price is going down, down..

Topic: Spreadcoin Scam alert!!!  (Read 388 times)

https://bitcointalk.org/index.php?topic=946841