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

[njs811]

There are so many buys for S.P.R.!!!

[noah tall]

I think there are one or two other fairly simple ways to create public pools too but at the end of the day none of this matters.  The important thing is what Spreadcoin offers over Darkcoin in terms of privacy, security, transaction speed and economy. 

Devil's Advocate here.  What does Spreadcoin offer over Darkcoin in terms of privacy, security, transaction speed and economy? 

[thelonecrouton]

I think there are one or two other fairly simple ways to create public pools too but at the end of the day none of this matters.  The important thing is what Spreadcoin offers over Darkcoin in terms of privacy, security, transaction speed and economy. 

Devil's Advocate here.  What does Spreadcoin offer over Darkcoin in terms of privacy, security, transaction speed and economy? 

Privacy: Nothing. Spread doesn't currently have Darksend, or any other privacy/anon tech.

Security: Spread's mining is far more decentralised. 90% of the Darkcoin hashrate is controlled by 3 people running 3 pools on 3 servers.

Transaction speed: No difference when Spread brings its implementation of InstantX to mainnet.

Economy: Not sure what you mean by this, but Spread Masternodes are several time more profitable to run and far easier to set up than Darkcoin Masternodes.


Darkcoin is more mature, has a bigger dev team and community, Darksend, and a correspondingly much higher price. But I think Spread can grow to offer some worthwhile competition and continued innovation of its own. The Masternode architecture allows for all manner of great things to be built in the future, it will be interesting to see how each currency employs them.

Assuming Mr Spread shows up again. Hopefully he hasn't been hit by any US funded 'lethal aid.'

[noah tall]

Economy: Not sure what you mean by this, but Spread Masternodes are several time more profitable to run and far easier to set up than Darkcoin Masternodes.

Doesn't "more profitable to run" mean "less profitable to mine"?  Doesn't that undermine "security"?

[thelonecrouton]

Economy: Not sure what you mean by this, but Spread Masternodes are several time more profitable to run and far easier to set up than Darkcoin Masternodes.

Doesn't "more profitable to run" mean "less profitable to mine"?  Doesn't that undermine "security"?

No, because Spread is also a shitload more profitable to mine (or less unprofitable, depending on your costs) than just about anything else. Although I'm not sure how that affects blockchain security - more total hash is always better of course, as long as it remains distributed.

I did a very rough calc here: http://spreadcointalk.org/index.php?topic=101.0  -  bear in mind though that the paramaters currently in use on testnet may change before it hits mainnet.

[chrysophylax]

hi all ..

just posting a message i left on spreadcointalk to see what ideas ( if any ) could be thrown about - thats all ...

post below ...

focusing on the farm now guys - not even mining spr as of this minute - but will get back into it soon ...

im wondering who would be interested in joining me in a group focused on spr and mn's when they hit mainnet ...

i read up somewhere in another thread that there are those that have concerns with the way mn's were setup between home and datacenter / business ...

home users are more likely to be dropped if any internet link is dropped or a wallet locks up on their systems or other such issues - whereas most people who set all these things up inside a datacenter or business based system and NOT drop and de-elected ...

its just an idea that is bubbling in my mind as to the stability of the systems and farm that we have here as opposed to those with home systems ...

im not offering anything - yet - but it may be something to look at that may help the 'smaller' systems stay online by having their wallets and mn's on a more ( albeit not entirely concrete ) reliable place to call home ...

we have unlimited internet - unlimited storage ( yes - in excess of 24TB currently ) and the technical network expertise to get some thing sorted for the 'underdogs' here ... the only thing missing here is simply - there are no developers that we have in the 'team' as yet ...

and of course - we are STILL growing the farm and increasing the ability to mine these little fellas - whether spr or not ... but obviously im aiming this comment directly between the eyes of spr not drk ...

its only an idea at the moment - thats all ...

( posting this also on bct to see what responses are given ) ...

#crysx

[thelonecrouton]

hi all ..

just posting a message i left on spreadcointalk to see what ideas ( if any ) could be thrown about - thats all ...

post below ...

focusing on the farm now guys - not even mining spr as of this minute - but will get back into it soon ...

im wondering who would be interested in joining me in a group focused on spr and mn's when they hit mainnet ...

i read up somewhere in another thread that there are those that have concerns with the way mn's were setup between home and datacenter / business ...

home users are more likely to be dropped if any internet link is dropped or a wallet locks up on their systems or other such issues - whereas most people who set all these things up inside a datacenter or business based system and NOT drop and de-elected ...

its just an idea that is bubbling in my mind as to the stability of the systems and farm that we have here as opposed to those with home systems ...

im not offering anything - yet - but it may be something to look at that may help the 'smaller' systems stay online by having their wallets and mn's on a more ( albeit not entirely concrete ) reliable place to call home ...

we have unlimited internet - unlimited storage ( yes - in excess of 24TB currently ) and the technical network expertise to get some thing sorted for the 'underdogs' here ... the only thing missing here is simply - there are no developers that we have in the 'team' as yet ...

and of course - we are STILL growing the farm and increasing the ability to mine these little fellas - whether spr or not ... but obviously im aiming this comment directly between the eyes of spr not drk ...

its only an idea at the moment - thats all ...

( posting this also on bct to see what responses are given ) ...

#crysx

All you need to host a Masternode for someone on your server is for them to run 'mnsecret <output>' (they get the <output> from their QT wallet under the Masternodes tab where their collateral amount is listed) and send the result to you.

Put a 'mnstart=<result>' line in your spreadcoin.conf and restart the daemon on the server.

It's perfectly trustless, they retain full control of the collateral and their earnings.

Charge people whatever upfront monthly and off you go.

I was going to offer such a service myself.

[chrysophylax]

hi all ..

just posting a message i left on spreadcointalk to see what ideas ( if any ) could be thrown about - thats all ...

post below ...

focusing on the farm now guys - not even mining spr as of this minute - but will get back into it soon ...

im wondering who would be interested in joining me in a group focused on spr and mn's when they hit mainnet ...

i read up somewhere in another thread that there are those that have concerns with the way mn's were setup between home and datacenter / business ...

home users are more likely to be dropped if any internet link is dropped or a wallet locks up on their systems or other such issues - whereas most people who set all these things up inside a datacenter or business based system and NOT drop and de-elected ...

its just an idea that is bubbling in my mind as to the stability of the systems and farm that we have here as opposed to those with home systems ...

im not offering anything - yet - but it may be something to look at that may help the 'smaller' systems stay online by having their wallets and mn's on a more ( albeit not entirely concrete ) reliable place to call home ...

we have unlimited internet - unlimited storage ( yes - in excess of 24TB currently ) and the technical network expertise to get some thing sorted for the 'underdogs' here ... the only thing missing here is simply - there are no developers that we have in the 'team' as yet ...

and of course - we are STILL growing the farm and increasing the ability to mine these little fellas - whether spr or not ... but obviously im aiming this comment directly between the eyes of spr not drk ...

its only an idea at the moment - thats all ...

( posting this also on bct to see what responses are given ) ...

#crysx

All you need to host a Masternode for someone on your server is for them to run 'mnsecret <output>' (they get the <output> from their QT wallet under the Masternodes tab where their collateral amount is listed) and send the result to you.

Put a 'mnstart=<result>' line in your spreadcoin.conf and restart the daemon on the server.

It's perfectly trustless, they retain full control of the collateral and their earnings.

Charge people whatever upfront monthly and off you go.

I was going to offer such a service myself.

sounds simple ... but how does the 'earnings' get redistributed? ...

unless of course it goes straight to the owners wallet of course ...

#crysx

[duboisi]

Concentration of too many MNs in one location is not good for Decentralization, also prone to DDOS.

[thelonecrouton]

sounds simple ... but how does the 'earnings' get redistributed? ...

unless of course it goes straight to the owners wallet of course ...

#crysx

It does.

[firesurfer]

spreadcoin is crashing below 10k soon.
Mark my word!
16k now

[Hippie Tech]

Kiss your crypto anonimity dreamland goodbye.

https://bitcointalk.org/index.php?topic=961982.0#new

[chrysophylax]

Concentration of too many MNs in one location is not good for Decentralization, also prone to DDOS.

not good for decentralization? ...

how is that when its all about ALL people getting a fair shot - especially if everyone involved is actually gaining spr? ...

prone to attacks - agreed ... IF they know where to hit and its unprotected from such things ...

#crysx

[chrysophylax]

sounds simple ... but how does the 'earnings' get redistributed? ...

unless of course it goes straight to the owners wallet of course ...

#crysx

It does.

ok kool ... that explains a lot ...


#crysx

[chrysophylax]

Kiss your crypto anonimity dreamland goodbye.

https://bitcointalk.org/index.php?topic=961982.0#new

anonymity? ... who talking about that? ...

and who cares? ... really ...

EVERYONE was flapping their gums about that and made large sums of btc over that garbage ...

some coins MAY make it - most wont ...

in todays crypto world - its about usability and regulation ... where would anonymity fit there? ...

#crysx

[Hippie Tech]

Kiss your crypto anonimity dreamland goodbye.

https://bitcointalk.org/index.php?topic=961982.0#new

Been done before - fact is, end user will always have the power, because they have physical control over the machine. Any code that executes, they can modify - this includes firmware code - and all of it is open for disassembly and inspection.

I'm sure your x-algo asic kernels can be scrutinized in very much the same way.   jk.. Or am I ?...

In both senarios, we the general public can only imagine who has that code and what their intentions are.

EDIT

And.. how powerful it really is.

[Hippie Tech]

Kiss your crypto anonimity dreamland goodbye.

https://bitcointalk.org/index.php?topic=961982.0#new

anonymity? ... who talking about that? ...

and who cares? ... really ...

EVERYONE was flapping their gums about that and made large sums of btc over that garbage ...

some coins MAY make it - most wont ...

in todays crypto world - its about usability and regulation ... where would anonymity fit there? ...

#crysx

Please follow me to the decontamination room. That Obomba phone will extracted from your ass momentarilly.

Or is that one of Shitler's radios ?

[Hippie Tech]

Kiss your crypto anonimity dreamland goodbye.

https://bitcointalk.org/index.php?topic=961982.0#new

Been done before - fact is, end user will always have the power, because they have physical control over the machine. Any code that executes, they can modify - this includes firmware code - and all of it is open for disassembly and inspection.

I'm sure your x-algo asic kernels can be scrutinized in very much the same way.   jk.. Or am I ?...

In both senarios, we the general public can only imagine who has that code and what their intentions are.

EDIT

And.. how powerful it really is.

They can indeed. If you can grok AMD ISA code for GCN, you can do that. And the code is pretty decent - I wouldn't call it excellent or anything, nowhere near - but it's far better than the copy+paste of CPU code done by people who barely knew what a GPU is.

No offence but..

"Shut up, conspiracy theorist !!!"
http://youtu.be/2jyY6rqP_3Q

[Nthused]

Remember to vote for SpreadCoin [SPR] on CoinPayments, we are currently in 4th place.

https://www.coinpayments.net/vote

[xxxgoodgirls]

Hey guys has someone been in touch with Mr. Spread lately?
I was about to deepen my knowledge of SPR but now I am bit concerned.
Cheers.