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

[gjhiggins]

But I think this emphasizes the risk with focusing just on the currency aspect of crypto, and why exchanges will want to expand their offerings:

It's also a blatantly slanted view. No, users would not typically recognise a description of themselves as ideological decentralization advocates but they're very concerned about the possibility of bail-ins which, one could argue, amounts to the same thing.

I note the weasel words: “decently” (a version of the “no true Scotsman” informal logical fallacy) and “1st world” (wow, that betokens a 1980s mentality if anything does). Without a more precise phrasing of the conditions circumscribing the context, the assertion is robbed of any significant semantics. If the rest of his thinking is infected with similar logical fallacies and anachronisms, the project's in deep trouble.

And he's over-stating the case, if you want a far more level-headed assessment of the opportunities, have a read of “A Cynic’s Guide To Fintech: Several business models that are bound to fail  —  and a few that might have” (https://medium.com/bull-market/a-cynic-s-guide-to-fintech-3cd0995e0da3).

Example insight: “Apple Pay ought to have been a huge wakeup call to the banks not because it was a brand new way of making payments, but because it was basically the only fully satisfactory implementation of an existing industry standard”

I should point out, the journey ends in pretty much the same place (expanded offerings) but without the hindering baggage of logical fallacies and a quaintly archaic worldview.

Cheers

Graham

[Ezravdb]

Awesome progress!

[coins101]

-snip-

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

Can I contribute here?

I've always been a fan of bumping the thread 

[georgem]

-snip-

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

Can I contribute here?

I've always been a fan of bumping the thread  

Please do!
I am jumping back and forth between the forums anyway.

PS Bumping this thread will soon have to stop once the new thread arrives.  

[coins101]

-snip-

 Props to you guys continuing.. What was happening was very good. but of course under troll funded attacks and denial of dark union.. and of course the unfortunate claim pools wouldnt work.. (ocminer is a God and cant hold his findings against him) I could guess that Mr. Spread just said Fuck off. Seemed like he was a dude like me doing a part time passion.  Hopefully his code can live on.  truly was brilliant beginnings.  had a blast on test net.. Sorry havent followed since OC crushed the no pools thing.  Then heard he left. Laughed at all the troll and shill shit.  But really wasnt funny i guess.  Good coders should have like a fuckin sidewalk in vegas they dip their keyboards into the cement.  lol  Mr. Spread.  If youre there.  These guys still love ya and me too.  I love beautiful code. (-;

We need you for some testing, or anything else you fancy getting involved with......this team is looking stronger every day. Grab some or extra SPR that's still going cheap and get involved.

[gjhiggins]

I'll inject this write-up by Peter Todd from March 2013 just so's everyone's aware that the opportunity has already been clearly identified:

At the protocol level a contract is just some data that can be hashed. What that data actually represents is undefined, but will presumably be some sort of promise like "I will not spam on foo-wiki" or "I will run this banking service honestly" or even a conventional bond such as "This tx output is eligable for interest from Foo Bank for issue $some_bond"

Of course, here we are assuming the contracts have a value, denoted in some amount of Bitcoins, and thus trading them on the blockchain is desirable, so we will tie the hash of the contract to specially formatted Bitcoin transactions. Note that this is not a new idea; Mike Hearn, jgarzik and others on the forums developed much of the ground work with various "smartcoin" and "colored coin" concepts that this proposal builds upon.

Off-chain transactions

Having said that a contract does not have to be traded on the blockchain: one perfectly valid contract would be "The Bank of Foo will keep authoritive records of all further contracts related to this portion of the bond." and in that circumstance all further contract trading would be done off-chain, guaranteed by The Bank of Foo. This construct would be appropriate for low-value contracts, such as online forum anti-spam pledges, where minimum transaction fees interfere with the granularity of the contract value desired.

The actual data representing contract movement will still be valid Bitcoin transactions, however their existence will be guaranteed by some trusted centralized ledger service rather than the distributed blockchain. Note how this means that modulo transaction hash mutability the transactions can be eventually put into the blockchain proper if appropriate fees are paid.

A future extension using this concept may, as an example, find it convenient to add a field to the MerkleBitcoinTx with the identity of some trusted ledger to be consulted.

Cheers

Graham

[njs811]

So what can we establish SPR is specifically designed for? We all know that "no pools" did not work out. So what should be our main selling point? Unless the devs are planning MN any day we will be late to the game and left in the dust. Coins101 has posted many great ideas about hosting applications on these servicenodes. I would like to understand the direction of SPR. How will we know when the coin is a success?

[gjhiggins]

“Swiss banking giant UBS is to open a technology lab in London to explore how blockchain technology can be used in financial services.

The lab, set to open this month and occupy a dozen desks at Canary Wharf-based fintech accelerator space Level39 – a hub in London for financial technology startups – will bring together technology experts from the bank and the wider fintech community, UBS said.

Lab members and invited guests will experiment with how blockchain — the underlying technology behind bitcoin — can be adapted to process a wide range of financial transactions in a more efficient and cost-effective way, the bank said.

The lab will aim to develop new technologies that deal with industry-wide issues, such as the need to manage and analyze vast amounts of data, or better evaluate risk.

While many in financial services have expressed an interest in the underlying technology behind bitcoin, UBS’s is one of the first banks to go public with their plans. The idea is to get UBS more involved with the fintech crowd in London and open up to external innovation.

The blockchain is the public and decentralized online ledger which verifies transactions in digital currencies such as bitcoin. It is an indelible record, whose authenticity is verified by a network of computer users rather than a centralized authority.

Many have come to believe that this technology can be adapted to record and verify financial transactions, from clearing securities to making cross-border payments ...”

full article references other blockchain-focused research by banks: http://blogs.wsj.com/digits/2015/04/02/ubs-to-open-blockchain-research-lab-in-london/?mg=id-wsj

Cheers

Graham

[coins101]

“Swiss banking giant UBS is to open a technology lab in London to explore how blockchain technology can be used in financial services.

The lab, set to open this month and occupy a dozen desks at Canary Wharf-based fintech accelerator space Level39 – a hub in London for financial technology startups – will bring together technology experts from the bank and the wider fintech community, UBS said.

Lab members and invited guests will experiment with how blockchain — the underlying technology behind bitcoin — can be adapted to process a wide range of financial transactions in a more efficient and cost-effective way, the bank said.

The lab will aim to develop new technologies that deal with industry-wide issues, such as the need to manage and analyze vast amounts of data, or better evaluate risk.

While many in financial services have expressed an interest in the underlying technology behind bitcoin, UBS’s is one of the first banks to go public with their plans. The idea is to get UBS more involved with the fintech crowd in London and open up to external innovation.

The blockchain is the public and decentralized online ledger which verifies transactions in digital currencies such as bitcoin. It is an indelible record, whose authenticity is verified by a network of computer users rather than a centralized authority.

Many have come to believe that this technology can be adapted to record and verify financial transactions, from clearing securities to making cross-border payments ...”

full article references other blockchain-focused research by banks: http://blogs.wsj.com/digits/2015/04/02/ubs-to-open-blockchain-research-lab-in-london/?mg=id-wsj

Cheers

Graham

We can beat them  

edit

And with your BBB, Blockchain Based Businesses, we can get articles in the major press to say - hey, we are taking on UBS   

[coins101]

So what can we establish SPR is specifically designed for? We all know that "no pools" did not work out. So what should be our main selling point? Unless the devs are planning MN any day we will be late to the game and left in the dust. Coins101 has posted many great ideas about hosting applications on these servicenodes. I would like to understand the direction of SPR. How will we know when the coin is a success?

Commercial Apps running off ServiceNodes see https://bitcointalk.org/index.php?topic=715435.msg10971161#msg10971161

Also, take a read of the section on Escrow

https://bitcointalk.org/index.php?topic=976031.msg10656234#msg10656234

 

[coins101]

If you all lower the sell orders to 4300, I'll take them off your hands  

[e1ghtSpace]

If you all lower the sell orders to 4300, I'll take them off your hands  

I don't think that'd be such a good idea.

[AnotherNode]

-snip-

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

Can I contribute here?

I've always been a fan of bumping the thread  

Whats the news on Cryptsy?

[rahmad2nd]

Where Mr. Spread 

[coins101]

-snip-

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

Can I contribute here?

I've always been a fan of bumping the thread  

Please do!
I am jumping back and forth between the forums anyway.

PS Bumping this thread will soon have to stop once the new thread arrives.  

Having read through the posts so far, it all sounds good.

I wouldn't worry about Mr.Spread MIA in the new ANN OP. Community take over projects are a pretty good sign anyway. Bitcoins creator went AWOL, no harm there. Litecoin's creator didn't go AWOL, and plenty of harm there.

Most of the links and text in the current ANN seem to do the job. The links to the .net are the main issue.

Quote from: gjhiggins on Today at 01:00:22 PM
....but it can only be secure if it operates entirely within the app

I agree, all services must not only be decentralized but also completely secured by the blockchain.
But that doesn't mean that all information and traffic generated by a service must be put into the blockchain.
In the contrary, thanks to hashing algorithms and signatures we could have sidechains that only need to be synchronized with the main blockchain "on a regular basis" to count as "sufficiently secured".

^ +101

ServiceNodes give us our own network sidechains

[coins101]

I like the website by A-Russo, but I also like the website design made available by github:

You can store and host own website with github:
https://pages.github.com/

eg: spreadcoin.github.io

(you can add custom domain: https://help.github.com/articles/setting-up-a-custom-domain-with-github-pages/ )

http://spreadcointalk.org/index.php?topic=395.msg2761#msg2761

[defunctec]

Devs
Georgem
gjhiggins
elbandi
Gladimor (TBC)
A-Russo
MrSpread (MIA)


Technical & Occasional
e1ghtSpace
chrysophylax
Chup
thelonecrouton

Support and project development contributors
Minerpage
njs811
defunctec
Coins101
AnotherNode
MyFarm (MIA)

Let me know if you want to be added, removed, re-allocated from the above.


Others: Private pools / mining

etc....

tl;dr

Spread to the moon ($10m)

Sorry guys I have been away a few days with family... so I missed all the good stuff here.

Awesome work everybody.
I like how it all comes together...

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

So when the new ANN drops, so will the new MN network?

[ocminer]

Devs
Georgem
gjhiggins
elbandi
Gladimor (TBC)
A-Russo
MrSpread (MIA)


Technical & Occasional
e1ghtSpace
chrysophylax
Chup
thelonecrouton

Support and project development contributors
Minerpage
njs811
defunctec
Coins101
AnotherNode
MyFarm (MIA)

Let me know if you want to be added, removed, re-allocated from the above.


Others: Private pools / mining

etc....

tl;dr

Spread to the moon ($10m)

Sorry guys I have been away a few days with family... so I missed all the good stuff here.

Awesome work everybody.
I like how it all comes together...

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

So when the new ANN drops, so will the new MN network?

Can you add https://spr.suprnova.cc to the list of pools there ?

[AnotherNode]

Devs
Georgem
gjhiggins
elbandi
Gladimor (TBC)
A-Russo
MrSpread (MIA)


Technical & Occasional
e1ghtSpace
chrysophylax
Chup
thelonecrouton

Support and project development contributors
Minerpage
njs811
defunctec
Coins101
AnotherNode
MyFarm (MIA)

Let me know if you want to be added, removed, re-allocated from the above.


Others: Private pools / mining

etc....

tl;dr

Spread to the moon ($10m)

Sorry guys I have been away a few days with family... so I missed all the good stuff here.

Awesome work everybody.
I like how it all comes together...

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

So when the new ANN drops, so will the new MN network?

Can you add https://spr.suprnova.cc to the list of pools there ?

Can we also say No multipools.

Private pools are ok. As a miner, I'm fine with that.

[rant]Its those fucking multipools that cause so much havoc that pisses me off [/rant over]

[njs811]

Devs
Georgem
gjhiggins
elbandi
Gladimor (TBC)
A-Russo
MrSpread (MIA)


Technical & Occasional
e1ghtSpace
chrysophylax
Chup
thelonecrouton

Support and project development contributors
Minerpage
njs811
defunctec
Coins101
AnotherNode
MyFarm (MIA)

Let me know if you want to be added, removed, re-allocated from the above.


Others: Private pools / mining

etc....

tl;dr

Spread to the moon ($10m)

Sorry guys I have been away a few days with family... so I missed all the good stuff here.

Awesome work everybody.
I like how it all comes together...

Please join me in the discussion about DRAFT for new ANN thread / Website

http://spreadcointalk.org/index.php?topic=557.0

So when the new ANN drops, so will the new MN network?

Can you add https://spr.suprnova.cc to the list of pools there ?

Can we also say No multipools.

Private pools are ok. As a miner, I'm fine with that.

[rant]Its those fucking multipools that cause so much havoc that pisses me off [/rant over]

And kill prices.