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

[georgem]

I really like this coin and support it every way I can but honestly, that rex orderbook looks so screwed... Who is running the show?

What's wrong with it?

Nothing wrong there, just looks like a one man show to me.

What makes you think that?  What are you seeing?

Not going to tell everything I see, just basic things. I´m sure You know how this game is played.

Take away those .000000000 orders. What's left? Someone is also trying to hide where the real floor is.

Did you mistype Cex in your first post? Go over to bittrex and you'll see much more.

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

[MyFarm]

I really like this coin and support it every way I can but honestly, that rex orderbook looks so screwed... Who is running the show?

What's wrong with it?

Nothing wrong there, just looks like a one man show to me.

What makes you think that?  What are you seeing?

Not going to tell everything I see, just basic things. I´m sure You know how this game is played.

Take away those .000000000 orders. What's left? Someone is also trying to hide where the real floor is.

Did you mistype Cex in your first post? Go over to bittrex and you'll see much more.

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

Based upon price action I suspect we have one or two miners regularly dumping.

[georgem]

I really like this coin and support it every way I can but honestly, that rex orderbook looks so screwed... Who is running the show?

What's wrong with it?

Nothing wrong there, just looks like a one man show to me.

What makes you think that?  What are you seeing?

Not going to tell everything I see, just basic things. I´m sure You know how this game is played.

Take away those .000000000 orders. What's left? Someone is also trying to hide where the real floor is.

Did you mistype Cex in your first post? Go over to bittrex and you'll see much more.

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

Based upon price action I suspect we have one or two miners regularly dumping.

Or someone wants to make us think that's the case.

I don't think that SPR miners belong to that kind of miners that constantly dump their coins, especially now that we are in the early phase of the coin.

[georgem]

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

Based upon price action I suspect we have one or two miners regularly dumping.

Or someone wants to make us think that's the case.

I don't think that SPR miners belong to that kind of miners that constantly dump their coins, especially now that we are in the early phase of the coin.

If it's profitable, it's rather likely they'll dump.

Well this is all speculation anyway.

But I am guessing that it's not the last time we have seen a coordinated troll attack COUPLED with synchronized dumping at bittrex.
The good thing is that whoever does this will not be able to continue it indefinitely, and every dump always means cheap coins for the true believers.
So that is a good thing too!

 

[antantti]

I really like this coin and support it every way I can but honestly, that rex orderbook looks so screwed... Who is running the show?

What's wrong with it?

Nothing wrong there, just looks like a one man show to me.

What makes you think that?  What are you seeing?

Not going to tell everything I see, just basic things. I´m sure You know how this game is played.

Take away those .000000000 orders. What's left? Someone is also trying to hide where the real floor is.

Did you mistype Cex in your first post? Go over to bittrex and you'll see much more.

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

How do you see buys below 0.00017800 in btrx?

[georgem]

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

Based upon price action I suspect we have one or two miners regularly dumping.

Or someone wants to make us think that's the case.

I don't think that SPR miners belong to that kind of miners that constantly dump their coins, especially now that we are in the early phase of the coin.

If it's profitable, it's rather likely they'll dump.

Well this is all speculation anyway.

But I am guessing that it's not the last time we have seen a coordinated troll attack COUPLED with synchronized dumping at bittrex.
The good thing is that whoever does this will not be able to continue it indefinitely, and every dump always means cheap coins for the true believers.
So that is a good thing too!

 

Who says? Big miners can dump pretty much indefinitely - even I sell enough to cover power, and keep the rest.

Yes, but as I said, I don't think the dumper is necessarily a miner. Just trying to keep my mind open for all possibilities.

Anyway, I don't really care about the price movements at the moment.

I am looking forward to what Mr. Spread will come up with next.

[antantti]

I really like this coin and support it every way I can but honestly, that rex orderbook looks so screwed... Who is running the show?

What's wrong with it?

Nothing wrong there, just looks like a one man show to me.

What makes you think that?  What are you seeing?

Not going to tell everything I see, just basic things. I´m sure You know how this game is played.

Take away those .000000000 orders. What's left? Someone is also trying to hide where the real floor is.

Did you mistype Cex in your first post? Go over to bittrex and you'll see much more.

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

How do you see buys below 0.00017800 in btrx?

Click order book.

Ok, what's next?

[IBGigglin]

http://spreadcointalk.org/index.php?topic=53.0

Shout out to Mikolo on Spreadcoin talk for the sweet Spread dice game.

and for actually filling the payout when I hit that 500x roll  

Edit those TWO 500 x rolls!  

[e1ghtSpace]

http://spreadcointalk.org/index.php?topic=53.0

Shout out to Mikolo on Spreadcoin talk for the sweet Spread dice game.

and for actually filling the payout when I hit that 500x roll  

Edit those TWO 500 x rolls!  

Nice. You broke it again. 

[MyFarm]

I really like this coin and support it every way I can but honestly, that rex orderbook looks so screwed... Who is running the show?

What's wrong with it?

Nothing wrong there, just looks like a one man show to me.

What makes you think that?  What are you seeing?

Not going to tell everything I see, just basic things. I´m sure You know how this game is played.

Take away those .000000000 orders. What's left? Someone is also trying to hide where the real floor is.

Did you mistype Cex in your first post? Go over to bittrex and you'll see much more.

It is not inconceivable that we have someone who owns large amounts of SPR and tries to keep the price down as long as possible.

Based upon price action I suspect we have one or two miners regularly dumping.

Or someone wants to make us think that's the case.

I don't think that SPR miners belong to that kind of miners that constantly dump their coins, especially now that we are in the early phase of the coin.

After seeing just how much wolf0 was able to optimize the CPU I realized just how much a few miners with properly optimized code could dominate.  And if I was:

1.  Someone who only care about definite profit, I could get such a miner and dump for more than it costs me to mine.
2.  If I was a competing coin, I could keep the price of the coin deflated.

[IBGigglin]

http://spreadcointalk.org/index.php?topic=53.0

Shout out to Mikolo on Spreadcoin talk for the sweet Spread dice game.

and for actually filling the payout when I hit that 500x roll  

Edit those TWO 500 x rolls!  

Nice. You broke it again. 

[NoobKidOnTheBlock]

To get more attention, we can do the Signature contest that we talked about last year.
But perhaps after the MasterNode implementation.

That's a good idea I like that idea and definitely after the masternode implementation is in full force Good job buddy

[NoobKidOnTheBlock]

Dumping is doomed to come soon,for super fast miners produce cheap SPRs,whose mining cost is far below 20K sato.

Dude there is currently only 1440 blocks a day at 6.66 Spr a block equalling = 9590.40 Spr mined each day and that pool shot you keep posting doesn't even cover close to any amount of the Net hashrate that is mining SpreadCoin right now so quit posting it please and thank you

[georgem]

@ Mr. Spread:

You made this post nearly a month ago:

https://bitcointalk.org/index.php?topic=715435.msg10193497#msg10193497

where you said the following thing:

Initial masternode implementation will not require you to have a static IP. Instant transactions simply don't require this: someone broadcasts transaction, masternode receive this transactions, sign it and broadcasts this signature, there is no need for anyone to directly connect to masternodes. Nodes will monitor time delays between receiving transactions and confirmations from masternodes and will assign scores for each masternode according to these delays. This score and deposit amount will affect which masternodes will receive payments.

If I understood you correctly here, that it is really the case that the deposit amount of a masternode does affect which masternodes will receive votes (and therefor payments), then this is the reason for all the problems we are seeing at the moment in the testnet version.

If the deposit amount is allowed to affect which masternodes receive votes, then this kills the competition before it has even started.

The deposit amount must not have anything to do with who receives votes, or else the system is broken.

The deposit amount is only here to decide if your MN is allowed to stay in the game or be kicked out because it is the weakest link.

Let only the score affect which masternodes receive votes (and therefor payments), AND NOTHING ELSE!
And let the deposit amount only decide if the masternode is allowed to be on the list or be kicked out. Nothing else.

Then the competition will really work as intended.

[e1ghtSpace]

@ Mr. Spread:

You made this post nearly a month ago:

https://bitcointalk.org/index.php?topic=715435.msg10193497#msg10193497

where you said the following thing:

Initial masternode implementation will not require you to have a static IP. Instant transactions simply don't require this: someone broadcasts transaction, masternode receive this transactions, sign it and broadcasts this signature, there is no need for anyone to directly connect to masternodes. Nodes will monitor time delays between receiving transactions and confirmations from masternodes and will assign scores for each masternode according to these delays. This score and deposit amount will affect which masternodes will receive payments.

If I understood you correctly here, that it is really the case that the deposit amount of a masternode does affect what masternodes will receive payments, then this is the reason for all the problems we are seeing.

If the deposit amount is allowed to affect which masternodes receive payments,then this kills the competition before it has even started.

The deposit amount must not have anything to do with who receives payments, or else the system is broken.

The deposit amount is only here to decide if your MN is allowed to stay in the game or be kicked out because it is the weakest link.

Let only the score affect which masternodes receive payments, AND NOTHING ELSE!

Then the competition will really work as intended.

Why should the score even affect it? Why not just randomly assign the masternodes?

[IBGigglin]

Dumping is doomed to come soon,for super fast miners produce cheap SPRs,whose mining cost is far below 20K sato.

Dude there is currently only 1440 blocks a day at 6.66 Spr a block equalling = 9590.40 Spr mined each day and that pool shot you keep posting doesn't even cover close to any amount of the Net hashrate that is mining SpreadCoin right now so quit posting it please and thank you

6.22248 Spread per block * 1440 == 8960.3712 

[georgem]

@ Mr. Spread:

You made this post nearly a month ago:

https://bitcointalk.org/index.php?topic=715435.msg10193497#msg10193497

where you said the following thing:

Initial masternode implementation will not require you to have a static IP. Instant transactions simply don't require this: someone broadcasts transaction, masternode receive this transactions, sign it and broadcasts this signature, there is no need for anyone to directly connect to masternodes. Nodes will monitor time delays between receiving transactions and confirmations from masternodes and will assign scores for each masternode according to these delays. This score and deposit amount will affect which masternodes will receive payments.

If I understood you correctly here, that it is really the case that the deposit amount of a masternode does affect what masternodes will receive payments, then this is the reason for all the problems we are seeing.

If the deposit amount is allowed to affect which masternodes receive payments,then this kills the competition before it has even started.

The deposit amount must not have anything to do with who receives payments, or else the system is broken.

The deposit amount is only here to decide if your MN is allowed to stay in the game or be kicked out because it is the weakest link.

Let only the score affect which masternodes receive payments, AND NOTHING ELSE!

Then the competition will really work as intended.

Why should the score even affect it? Why not just randomly assign the masternodes?

I guess the score will have to affect it at some later point when the masternodes actually perform all kinds of services.
Then the score will serve to reward the MNs that provide a better service than MNs with a lower score (which will need to be punished).

You can see how this will work when looking at instantX transactions (the first service masternodes provide):

Nodes will monitor time delays between receiving transactions and confirmations from masternodes and will assign scores for each masternode according to these delays.

[njs811]

Almost 1000 MN!

[chrysophylax]

Almost 1000 MN!

how many are required for full testing? ...

#crysx

[thelonecrouton]

Almost 1000 MN!

how many are required for full testing? ...

#crysx

Currently 979 elected out of 1874 potentials. So need another 460 or so elected to check the 'booting-the-lowest' thing.