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

[thelonecrouton]

Still thinking this through.

Sure, but thanks for expanding, I get it now.

fwiw, I model an altcoin as a population of communicating, limited-functionality equipotent avatars, each controlled by a set of elemental instructions mapped to a UI (GUI/RPC).

Your description reminds me that it's not a completely homogeneous population, some may arbitrarily offer additional public-facing functionality (more prosaically, “services”) in exchange for a small fee paid to the avatar instructor. Examples of this additional functionality currently include coin mixing, confirmation reduction, currency exchange. One obvious next step is to consider how these services might be usefully characterised.

The core issues quickly resolve into effecting a strong modular implementation of the service, designing the additional instructions and augmenting the UI for instructing the avatar with a meta-representation of the state/status of the different services that can usefully inform the user's instructions to the avatar.


Cheers

Graham

After nearly a year of neurocorrosion reading bitcointalk, I feel suddenly clean again.

[oblox]

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

There was a commercial that goes "What would you do-ooooooo for a Klondike Bar?"

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

[RenegadeMan]

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

There was a commercial that goes "What would you do-ooooooo for a Klondike Bar?"

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

Okay, thanks for the explanation.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

[ol92]

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

There was a commercial that goes "What would you do-ooooooo for a Klondike Bar?"

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

Okay, thanks for the explanation.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

There was a similar event for fluttercoin (innovative with prof of transaction for instance): kidcoin, the talented dev loose his motivation and left. Some members has stood up and the dev team is doing rather a good job now.

[thelonecrouton]

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

Sissies!

You know what would ensure that no pools could exist to short-circuit blockchain security? Shifting to pure Proof of Service with n-of-m Masternodes baking each new block onto the chain. 

Eco friendly too.

[njs811]

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

Sissies!

You know what would ensure that no pools could exist to short-circuit blockchain security? Shifting to pure Proof of Service with n-of-m Masternodes baking each new block onto the chain. 

Eco friendly too.

True. Also SPR is a small transfer size which enables quick transactions. Bitcoin is impractical for retail. SPR is not.

[Jesse Livermore]

This is exactly what happened to Bitcoin after Satoshi was known to not be coming back:

https://bitcointalk.org/index.php?topic=6730.0

These were written in 2011. Way before the GIANT boom.  SPR is more advanced than bitcoin, and has many people ready to jump on it and drive it even further.  It may take two years for SPR to be worth a fortune but who wouldn't have wanted to invest in Bitcoin in 2011?  If we all had a time machine that is one place we would go.  SPR looks depressing now, but we need to hold out for the future. Those of you who have stockpiled SPR need to keep it. Consider the money gone.  How much would you regret it if the price of SPR hit $100, or $500 a coin?  Perhaps more. This coin is different and better than Bitcoin.  The fact that a dev goes missing and the community feels responsible enough to pick it up is the best sign we could ask for.  Coins don't need a single developer, they don't even need a team of developers. The best coin will have a community that believes in what they are doing.  Because if a company of developers is running the currency then we have wasted our time trying to develop a decentralized currency.

Spreadcoin: Avoid the corporations, build the future.

EDIT: Bitcoin also had people calling it a scam, ponzi scheme, and illegal. If history tells us anything it is that this coin will follow in the steps of Bitcoin.

I've heard this logic over and over again about SPR hitting $100 and that it's better than Bitcoin (among nearly every altcoin for that matter as well), rah rah rah. Why is it better? What differentiating factors does it provide that isn't already out there in other coins? The pool argument is out so lets not rehash that.

Comparing Mr. Spread going MIA to Satoshi leaving BTC is absurd and there were competent devs working on Bitcoin before he disappeared. While there are people trying to work on the SPR right now, I wouldn't say comparing the two is even fair as I have yet to see some serious coding talent emerge. Just looking at Spreadcointalk, it seems people are just haphazardly starting to play with variables hoping for the best. Not exactly the best means of further progressing a currency and certainly not to the level that would deem it "more advanced than bitcoin".

Enlighten me.

You know, I hate to say it, but you have a point. Mr. Spread was at least a decent dev - something 99% of alt devs can't claim. There's nobody else stepping up who's even close to competent, from what I see.

I was reading up on those old posts from 2010-2011 last night myself, bitcoin was lucky enough to have had Gavin coding away pretty consistently by the time Satoshi disappeared.... Plus there were typically weeks and months between when Satoshi was posting, so for them it wasn't really a big shock to the system when Satoshi called it quits.
Personally, if Mr. Spread is still gone by next Monday I'm thinking that's it, game over. So 6 days left til Spreadcoin as we know it is gone.

[coins101]

-snip-
....SPR is a small transfer size which enables quick transactions. Bitcoin is impractical for retail. SPR is not.

Oh please.

You need to be thinking about alternative uses. Forget about retail use. It ain't gonna happen.

[RenegadeMan]

-snip-
....SPR is a small transfer size which enables quick transactions. Bitcoin is impractical for retail. SPR is not.

Oh please.

You need to be thinking about alternative uses. Forget about retail use. It ain't gonna happen.

How about a "pie in the sky" shop?

(Glad you said it coins....ridiculous to be talking retail at this point given where things are at)

[njs811]

If you can't see the long-term big picture than you have already wasted your time in the crypto world.  We should never focus too much with where an idea is at, but where it will be in the future. 

[RenegadeMan]

If you can't see the long-term big picture than you have already wasted your time in the crypto world.  We should never focus too much with where an idea is at, but where it will be in the future.  

True.

But I think the essence of what coins101 is getting at (and that I've acknowledged) is that "retail adoption" is a notion almost every alt crypto sees as the holy grail yet the competitive landscape of such a realm is enormous beyond measure and there are hundreds of inhibitors and hurdles on that pathway whereas other types of adoption in far more niche and specialised areas are likely to be more readily achieved.

[njs811]

If you can't see the long-term big picture than you have already wasted your time in the crypto world.  We should never focus too much with where an idea is at, but where it will be in the future.  

True.

But I think the essence of what coins101 is getting at (and that I've acknowledged) is that "retail adoption" is a notion almost every alt crypto sees as the holy grail yet the competitive landscape of such a realm is enormous beyond measure and there are hundreds of inhibitors and hurdles on that pathway whereas other types of adoption in far more niche and specialised areas are likely to be more readily achieved.

Which avenues would you consider to be the most important?

[RenegadeMan]

If you can't see the long-term big picture than you have already wasted your time in the crypto world.  We should never focus too much with where an idea is at, but where it will be in the future.  

True.

But I think the essence of what coins101 is getting at (and that I've acknowledged) is that "retail adoption" is a notion almost every alt crypto sees as the holy grail yet the competitive landscape of such a realm is enormous beyond measure and there are hundreds of inhibitors and hurdles on that pathway whereas other types of adoption in far more niche and specialised areas are likely to be more readily achieved.

Which avenues would you consider to be the most important?

Well what we've experienced so far with Spreadcoin is a wallet and masternode combination that's far simpler and nimble to use by comparison with many other coins. If that "simple/nimble" style of operation can be maintained this could be extended into simple social media tipping, or simple integration of SPR into all manner of online value exchange (particularly online betting). And then the masternode network could be used to provide many other services that need rapid/instant transaction confirmation that might be well outside purely "purchase" with SPR of a good or service; rapid voting or rapid contract execution (such as in auctions, etc). There are many pathways.

This is where SPR's purpose and reason for being needs further work and further definition if it's to continue to NOT include Darksend as party of its feature set.

[coins101]

If you can't see the long-term big picture than you have already wasted your time in the crypto world.  We should never focus too much with where an idea is at, but where it will be in the future.  

True.

But I think the essence of what coins101 is getting at (and that I've acknowledged) is that "retail adoption" is a notion almost every alt crypto sees as the holy grail yet the competitive landscape of such a realm is enormous beyond measure and there are hundreds of inhibitors and hurdles on that pathway whereas other types of adoption in far more niche and specialised areas are likely to be more readily achieved.

Which avenues would you consider to be the most important?

Master Nodes can do so many things. They are an endless pit of opportunities.

I like:

* Being able to predict the future outcome of things influenced by human behaviour.  Crowdsourcing the likely outcome of an event would give SPR investors an edge over decision making they can invest / gamble against.

* I have a pet like for sourcing magnet links for torrents.

* Using Master Nodes to lock in and hold one to one, or one to many, or many to one bets, would be great.

* There is no reason why openbazaar couldn't run on Master Nodes. Might need Darksend to do that.

[Gladimor]

I just feel bad for Georgem. Time and effort gone to waste if this anonymous dev doesn't return.

Why is that? He is one of the guys excited to pick it up and run with it.

Exactly.

Neither time nor effort has gone to waste.
In the contrary, I have never come so far before in understanding how a coin works.

For me, spreadcoin is like a constant exercise in true decentralization.

Having the main dev "do a satoshi" after he demonstrated a new paradigm is probably just the next iteration of that.  

And now a group of people try to maintain and continue spreadcoin in a more decentralized manner.

Stay tuned.

Bravo to you I do think that Mr. Spread will return though.

[njs811]

I just feel bad for Georgem. Time and effort gone to waste if this anonymous dev doesn't return.

Why is that? He is one of the guys excited to pick it up and run with it.

Exactly.

Neither time nor effort has gone to waste.
In the contrary, I have never come so far before in understanding how a coin works.

For me, spreadcoin is like a constant exercise in true decentralization.

Having the main dev "do a satoshi" after he demonstrated a new paradigm is probably just the next iteration of that.  

And now a group of people try to maintain and continue spreadcoin in a more decentralized manner.

Stay tuned.

Bravo to you I do think that Mr. Spread will return though.

What makes you say that?

[georgem]

I just feel bad for Georgem. Time and effort gone to waste if this anonymous dev doesn't return.

Why is that? He is one of the guys excited to pick it up and run with it.

Exactly.

Neither time nor effort has gone to waste.
In the contrary, I have never come so far before in understanding how a coin works.

For me, spreadcoin is like a constant exercise in true decentralization.

Having the main dev "do a satoshi" after he demonstrated a new paradigm is probably just the next iteration of that.  

And now a group of people try to maintain and continue spreadcoin in a more decentralized manner.

Stay tuned.

Bravo to you I do think that Mr. Spread will return though.

And he will always be welcome!

I wonder if he is reading this?

[njs811]

I just feel bad for Georgem. Time and effort gone to waste if this anonymous dev doesn't return.

Why is that? He is one of the guys excited to pick it up and run with it.

Exactly.

Neither time nor effort has gone to waste.
In the contrary, I have never come so far before in understanding how a coin works.

For me, spreadcoin is like a constant exercise in true decentralization.

Having the main dev "do a satoshi" after he demonstrated a new paradigm is probably just the next iteration of that.  

And now a group of people try to maintain and continue spreadcoin in a more decentralized manner.

Stay tuned.

Bravo to you I do think that Mr. Spread will return though.

And he will always be welcome!

I wonder if he is reading this?

unless...he has always been here.

[gjhiggins]

"retail adoption" is a notion almost every alt crypto sees as the holy grail

Yes, but I've yet to see evidence of any altcoin dev managing to achieve even a basic level of understanding of how to effectively pursue that path.

Well, one obvious exception that proves the rule, Jackson Palmer ... I'm always impressed by the sheer power of cognitive dissonance and how it prevents people from putting 2 and 2 together in the simplest fashion. Dogecoin is unique in having a senior marketing professional as co-developer. Dogecoin's adoption stats are uniquely standout. Of the tiny handful of people I've encountered in this domain who understand that these two facts are causally related, not one is a dev.

Cheers

Graham

[Gladimor]

I just feel bad for Georgem. Time and effort gone to waste if this anonymous dev doesn't return.

Why is that? He is one of the guys excited to pick it up and run with it.

Exactly.

Neither time nor effort has gone to waste.
In the contrary, I have never come so far before in understanding how a coin works.

For me, spreadcoin is like a constant exercise in true decentralization.

Having the main dev "do a satoshi" after he demonstrated a new paradigm is probably just the next iteration of that.  

And now a group of people try to maintain and continue spreadcoin in a more decentralized manner.

Stay tuned.

Bravo to you I do think that Mr. Spread will return though.

What makes you say that?

I feel that Mr. Spread will return because he has made such a large commitment to the development of this currency, that it would just make no sense that he would disappear, just like that, no word, nothing.