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

[defunctec]

Any news on development?

Which system did you decide on, georgem?

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[coins101]

I advocate for tying the max amount of MNs to the coinsupply:
Max MN = (total coinsupply)/ 2880.

A while ago I remember there being a discussion about limiting one MN to one IP (or server)... what's the latest on that?

You can't limit one SN to one IP.
Nobody can know if your server is really running on one IP as a single instance or running as one of hundred virtual machines in a cloud.
Also, your SN will never be required to be visible thru an IP, the SNs IP is not important since it's not broadcast anyway.

With that in mind, coming back to your question:
to prevent people from running multiple SNs (servicenodes) on a server, you will need to run services (on those servicenodes) that have a high load on the server CPU / RAM / HDisk...
this will make running multiple SNs on a server problematic, and encourage the spreading of SNs over multiple Servers (and be it only virtual ones)

For this to work we will need a sophisticated valuation system that gives the best servers the best score, and the worst servers the worst score.

That's the tricky part.

Or you could avoid all this pointless and impractical nonsense and just have a fixed collateral cost, and let market forces sort the numbers out. Spread MNs would be up and running on mainnet with IX far faster.

That's actually not a half bad idea.

DRK, sorry, DASH, uses 1,000 DASH to stop man in the middle attacks and people taking over the network especially when you are talking about currency transactions.

I suppose there is still the same issue, but maybe not as critical. Then again, what if ServiceNodes also secured the blockchain and got rid of the miners?

[Swandeli]

Does Spreadcoin have a instamine?

If it doesn't then that automatically makes it worth more than the scamcoin Dash. All spreadcoin would need now is a better name, the name spreadcoin is one of the worst I have seen for an altcoin. Truly.

[Swandeli]

Tell the devs of Spreadcoin to change this horrible name to something decent and I see it outcompeting the scam instamine that is Dash, quite easily.

[njs811]

I advocate for tying the max amount of MNs to the coinsupply:
Max MN = (total coinsupply)/ 2880.

A while ago I remember there being a discussion about limiting one MN to one IP (or server)... what's the latest on that?

You can't limit one SN to one IP.
Nobody can know if your server is really running on one IP as a single instance or running as one of hundred virtual machines in a cloud.
Also, your SN will never be required to be visible thru an IP, the SNs IP is not important since it's not broadcast anyway.

With that in mind, coming back to your question:
to prevent people from running multiple SNs (servicenodes) on a server, you will need to run services (on those servicenodes) that have a high load on the server CPU / RAM / HDisk...
this will make running multiple SNs on a server problematic, and encourage the spreading of SNs over multiple Servers (and be it only virtual ones)

For this to work we will need a sophisticated valuation system that gives the best servers the best score, and the worst servers the worst score.

That's the tricky part.

Or you could avoid all this pointless and impractical nonsense and just have a fixed collateral cost, and let market forces sort the numbers out. Spread MNs would be up and running on mainnet with IX far faster.

That's actually not a half bad idea.

DRK, sorry, DASH, uses 1,000 DASH to stop man in the middle attacks and people taking over the network especially when you are talking about currency transactions.

I suppose there is still the same issue, but maybe not as critical. Then again, what if ServiceNodes also secured the blockchain and got rid of the miners?

I like the idea of ServiceNodes securing the blockchain. But I think the best way to keep this currency decentralized is to have the servicenodes secure the blockchain and then at a certain block we allow mining again.  Otherwise those who got in early will have a ton of SPR and the latecomers will be at the mercy of the rich.  That at least rewards the early guys as well as the latecomers.  Everyone can get in on the action.

*Spread the wealth.

[georgem]

I advocate for tying the max amount of MNs to the coinsupply:
Max MN = (total coinsupply)/ 2880.

A while ago I remember there being a discussion about limiting one MN to one IP (or server)... what's the latest on that?

You can't limit one SN to one IP.
Nobody can know if your server is really running on one IP as a single instance or running as one of hundred virtual machines in a cloud.
Also, your SN will never be required to be visible thru an IP, the SNs IP is not important since it's not broadcast anyway.

With that in mind, coming back to your question:
to prevent people from running multiple SNs (servicenodes) on a server, you will need to run services (on those servicenodes) that have a high load on the server CPU / RAM / HDisk...
this will make running multiple SNs on a server problematic, and encourage the spreading of SNs over multiple Servers (and be it only virtual ones)

For this to work we will need a sophisticated valuation system that gives the best servers the best score, and the worst servers the worst score.

That's the tricky part.

Or you could avoid all this pointless and impractical nonsense and just have a fixed collateral cost, and let market forces sort the numbers out. Spread MNs would be up and running on mainnet with IX far faster.

"Pointless and impractical nonsense" is not a valid counterargument.
If you need fixed collateral cost go to Darkcoin/Dash/whatever if will be called tomorrow.

Spreadcoin will go its unique way, following the principles of true decentralization, enabling competition and easy entry for everybody.

Stay tuned.

[IBGigglin]

I advocate for tying the max amount of MNs to the coinsupply:
Max MN = (total coinsupply)/ 2880.

A while ago I remember there being a discussion about limiting one MN to one IP (or server)... what's the latest on that?

You can't limit one SN to one IP.
Nobody can know if your server is really running on one IP as a single instance or running as one of hundred virtual machines in a cloud.
Also, your SN will never be required to be visible thru an IP, the SNs IP is not important since it's not broadcast anyway.

With that in mind, coming back to your question:
to prevent people from running multiple SNs (servicenodes) on a server, you will need to run services (on those servicenodes) that have a high load on the server CPU / RAM / HDisk...
this will make running multiple SNs on a server problematic, and encourage the spreading of SNs over multiple Servers (and be it only virtual ones)

For this to work we will need a sophisticated valuation system that gives the best servers the best score, and the worst servers the worst score.

That's the tricky part.

Or you could avoid all this pointless and impractical nonsense and just have a fixed collateral cost, and let market forces sort the numbers out. Spread MNs would be up and running on mainnet with IX far faster.

"Pointless and impractical nonsense" is not a valid counterargument.
If you need fixed collateral cost go to Darkcoin/Dash/whatever if will be called tomorrow.

Spreadcoin will go its unique way, following the principles of true decentralization, enabling competition and easy entry for everybody.

Stay tuned.

+1

[a-russo]

"Pointless and impractical nonsense" is not a valid counterargument.
If you need fixed collateral cost go to Darkcoin/Dash/whatever if will be called tomorrow.

Spreadcoin will go its unique way, following the principles of true decentralization, enabling competition and easy entry for everybody.

Stay tuned.

+1


Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

[minerpage]

Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

Super initiative

[coins101]

Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

Super initiative

+101

I'll do the next 100.

As you've got the twitter account, let me know the best way to get the SPR over!

[defunctec]

Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

Super initiative

+101

I'll do the next 100.

As you've got the twitter account, let me know the best way to get the SPR over!

I can contribute a few hundred, if need be.

[coins101]

Dev team.

Would it be possible, technically possible, to do a white label wallet?

Why?

Well, Sir Crouton will tell you. We had a chat in the DRK thread last year.

There are businesses that could adopt SPR to reward customers, like a form of loyalty scheme. Give customers SPR (their White Label version), then customers can spend that money back with the retailer when they have accumulated enough to buy what they want.

Service Nodes could possible extend that to give businesses the opportunity to link the rewards with specific products, making the rewards very affordable to them, but still giving good value to customers.



http://cointelegraph.com/news/113797/7-eleven-mexico-launches-virtual-currency-big-coins

[coins101]

replenished the wall.

help yourself to my bitcoins.

[Gladimor]

replenished the wall.

help yourself to my bitcoins.

Good one

As a possible member of the new dev team, I'm holding my stash for pretty much good

[jch9678]

Dev team.

Would it be possible, technically possible, to do a white label wallet?

Why?

Well, Sir Crouton will tell you. We had a chat in the DRK thread last year.

There are businesses that could adopt SPR to reward customers, like a form of loyalty scheme. Give customers SPR (their White Label version), then customers can spend that money back with the retailer when they have accumulated enough to buy what they want.

Service Nodes could possible extend that to give businesses the opportunity to link the rewards with specific products, making the rewards very affordable to them, but still giving good value to customers.


http://cointelegraph.com/news/113797/7-eleven-mexico-launches-virtual-currency-big-coins

This is a great idea.  SPR partners with resellers for a sort of turn key loyalty/promotional operation that is backed by the spr and it's master/service node network.  The shops and customers wouldn't even have to know that it's based on crypto-currency, just that's easier to implement than current solutions ( I have no idea how they are done now though )

[coins101]

replenished the wall.

help yourself to my bitcoins.

Whoever did that........

[e1ghtSpace]

https://www.kickstarter.com/projects/chriskohlhepp/qmole-a-linux-desktop-system-for-the-ipad

Would it be too hard to run Spreadcoin-qt on here?
I have been in contact with the developer for 7 months (well, he took 5 months to reply to my first email lol) I asked him if I could buy a lisence with bitcoin.
He said "why not." Now we just need him to let us buy with Spreadcoin.



X11??? He's into mining too!??!? Jks its the display driver. Haha Graphics card running X11.

[Gladimor]

Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

Super initiative

+101

I'll do the next 100.

As you've got the twitter account, let me know the best way to get the SPR over!

I can contribute a few hundred, if need be.

I'm currently the user in possession of @SpreadCoinTeam. Any official news will be posted on BCT, SPR forum, and our twitter account

Once the new ANN is launched, there will be a lot of activity on our Twitter.

[njs811]

Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

Super initiative

+101

I'll do the next 100.

As you've got the twitter account, let me know the best way to get the SPR over!

I can contribute a few hundred, if need be.

I'm currently the user in possession of @SpreadCoinTeam. Any official news will be posted on BCT, SPR forum, and our twitter account

Once the new ANN is launched, there will be a lot of activity on our Twitter.

Does anyone know when the Ann is set to launch?

[entropycoin]

Cool Spreadcoin GiveAway, follow @SpreadCoinTeam and @_a_russo on Twitter to get 5 SPR. Applies only to first 100 of new followers. Once done PM your Spreadcoin address via Twitter to @_a_russo.

Super initiative

+101

I'll do the next 100.

As you've got the twitter account, let me know the best way to get the SPR over!

I can contribute a few hundred, if need be.

I'm currently the user in possession of @SpreadCoinTeam. Any official news will be posted on BCT, SPR forum, and our twitter account

Once the new ANN is launched, there will be a lot of activity on our Twitter.

Does anyone know when the Ann is set to launch?

Hopefully not for a little while still.  I've been enjoying the future servicenode for the cost of a burrito pricing at the moment.