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

[coins101]

I think MrSpread has moved coins to this wallet https://chainz.cryptoid.info/spr/address.dws?SPanL4GfohWP6L8EDC8kCxYHeZCc4dRMPJ.htm, today!

Its now the largest wallet at 180,000 SPR!

What is going on?!

Can georgem shed some light, or are you as much in the dark?

That's not the Mr.Spread wallet(s) you posted yesterday.

[e1ghtSpace]

OK guys, heres the animation that took 7 hours to make.

https://youtu.be/PKiwICkw8Fw

I don't even know why I bother, I pretty much wasted my whole day.

hahaha!

I think its cool anyway, so i sent you 100 SPR! Enjoy xx  

Thanks defunctec!

Also sent 250 SPR.

Another 250 SPR when you do the mining vid on youtube  

Thanks coins, I will be turning those into masternodes.

[pookielax31]

OK guys, heres the animation that took 7 hours to make.

https://youtu.be/PKiwICkw8Fw

I don't even know why I bother, I pretty much wasted my whole day.

hahaha!

I think its cool anyway, so i sent you 100 SPR! Enjoy xx  

Thanks defunctec!

Also sent 250 SPR.

Another 250 SPR when you do the mining vid on youtube  

Thanks coins, I will be turning those into masternodes.

How much will these masternodes/ service nodes cost? Im steady stacking SPREAD

[e1ghtSpace]

OK guys, heres the animation that took 7 hours to make.

https://youtu.be/PKiwICkw8Fw

I don't even know why I bother, I pretty much wasted my whole day.

hahaha!

I think its cool anyway, so i sent you 100 SPR! Enjoy xx  

Thanks defunctec!

Also sent 250 SPR.

Another 250 SPR when you do the mining vid on youtube  

Thanks coins, I will be turning those into masternodes.

How much wil lthese masternodes/ service nodes cost? Im steady stacking SPREAD

I believe it will be dynamic, right guys?

[Payed2Pump]

Pull your sells or loose your coins im giving you fair warning. Got loads of BTC in bound for a few coins, this one in particular

[e1ghtSpace]

Pull your sells or loose your coins im giving you fair warning. Got loads of BTC in bound for a few coins, this one in particular

Why would you tell us?

[wurstgelee]

Pull your sells or loose your coins im giving you fair warning. Got loads of BTC in bound for a few coins, this one in particular

Why would you tell us?

Because he wants to pay more! oO

[zeca pagodinho]

spirit SpreadCoin...

https://www.youtube.com/watch?v=46Tr_cmY1Bo

 

[thelonecrouton]

Pull your sells or loose your coins im giving you fair warning. Got loads of BTC in bound for a few coins, this one in particular

Why would you tell us?

If people raise their ask prices then the bids will naturally follow, at least part way. Makes for a more profitable dump.

[coins101]

spirit SpreadCoin...

https://www.youtube.com/watch?v=46Tr_cmY1Bo

 

Hey Zeca

You were one of the first on the scene and if I'm not mistaken you donated to Mr.Spread after he had a problem with his wallet and he lost his coins.

Props to you and the others that helped him out 

[e1ghtSpace]

How to Solo Mine Spreadcoin on Windows

[chrysophylax]

we think that there is a huge gain in the 'pools' system ... it makes it by far an easier system to mine ... especially with those of us that have farms and DONT want to continuously change miners EVERYTIME we decide to mine spr ...

Your argument would probably receive a lot more attention if you could show how your notion supports the community in general rather than the benefits being confined to just one special interest group.

Cheers

Graham

i agree graham ... but how? ...

community support when there is no real data on what the community actually wants ...

i can only speak from experience so far ... a decentralized system is great if you can actually create one that is not censored nor 'centralized' by being regulated by ONE body ...

we are still at the beginning of the crypto industry - all of which are still being pushed by the government and the laws that will accommodated 'them' into controlling what gets done with what and how ...

pools themselves are no more centralized than anyone ( yes - im pointing at the so called 'big' farms - privately owned or run by the government themselves or not ) that can act like a huge pool even if there was no central place to mine ...

apart from that - the notion that one can actually localize mining to ones wallet - and ONLY ones wallet - is a quaint notion ... but thats all it is ...

THE most successful coins that can be seen in history so far and today are the ones that not so much 'invent' new ways of doing things or develop new strategies - it usually is simply how much MONEY ( yes FIAT ) one makes from these alts and what they can be traded back to ... normally btc and / or fiat ...

so why make something more difficult to mine or accrue? ... especially when all that going to happen is what already HAS happened ... and will again ...

trade back for fiat by the vast majority ...

edit - the post below your message proves my point ... no offence @scamalert ...

...

#crysx

Humm, i mentioned this in a previous comment.

When SPR's network was at 5GH, only around 50MH was from pooled mining. The rest (as far as i'm aware) was solo mining.

I don't think anything needs changing, the majority of people will continue to solomine SPR.

IMO the more solo the better. Adds more decentralization/value to the network and more nodes.

agreed with the decentralization concept ... we think its a major step also - but fiddly ...

what you are comparing it with is something that happens to almost all coins when they are released ...

the beginning of this coin is no different to the multitudes that are / were out there ... hashrate shoots crazily for the stars and then subsides ...

if a comparison or point is to be made - it needs to be compared to and made at THIS time of the coins life - not the beginning ...

in the beginning was the foundation of something new - so it took a little time to setup pools ... it took a little time to get it right with the miner ...

now that the community and the coin itself has matured somewhat - its a very different story - and if the dev team really want to move the coin forward with development - then the coin too needs to move forward and work with what the coin HAS and not HAD ...

if there were directions / instructions on how to create a pool on the first day - i guarantee you that your words would be in reverse - and that pools would have the largest portion of the hashrate ...

the community for the coin is vibrant - it is made of PEOPLE that want the coin and apps and support to grow ... unfortunately though - sticking with a defunct concept ( ie - 'no pools' ) is not going to do the coin any good in the long term ... the focus on master / server nodes will as that is a move forward ... so are results ...

you speak of the 'majority' of people will solo mine? ... majority? ...

take a look at the crypto world in general - the MAJORITY of hashrate that is available today ARE on pools and mining nodes of the like ... NOT solo mining ...

its THAT majority we need to get back here to this community ... the ones that will USE the apps and projected developments that are yet to come ...

if the majority consensus is what you speak of and determine your decision on the 'solo' situation - then the crypto community in general speaks VOLUMES about that ...

#crysx

[1qaz]

Shit this is going crazy

Yeah !

[chrysophylax]

i agree graham ... but how? ...

Good answer, nice to get some mature discussion going ... aaaand I'm glad you asked me that question

Where Spreadcoin is now reflects Mr Spread’s original notions (emphasis mine):

I want to make this coin for solo only mining without any pools (mining will be made in a such way that miners will be able to consistently steal money from the pool). With blocks generated every minute even with thousands of miners you will still be able to get block once in several days (if you have average hashing speed). There will be no concentration of mining power in large pools as in Bitcoin and there will be no multipools. We can than advertize it as being more decentralized than Bitcoin. Mining will be more like a lottery which may be more interesting or in contrary distract people form mining (however, if you mine for long time than you don't actualy need any pools).


and


The general idea is ...
Given all this I don't expect that anyone will create a pool. But if someone will then I will modify whatever miner software will be used for it to implement the stealing described above, we may expect that most pool miners will then switch to this cheating version which will make this pool useless.

no real data on what the community actually wants ...

That is true to a large degree and it's possibly the reason that the one-sided nature of the perspective is so easily overlooked. For me, there are several readily-identifiable communities directly involved, usually interdependently but each with their own set of objectives, some of which are in tension with another sector's objectives. There are (broadly) miners, investors, speculators, supporters and merchants. And, as you observe, we're in phase 1, a long way to go before, e.g. Spreadcoin denominates someone's paycheck.

Speculators want instability in exchange rates, it's their prime opportunity to earn. Investors typically play the long game looking for consistent stable growth. Merchants hate speculative exchange price instability because it plays merry hell with their prices. Miners are okay with or without stability, just as long as the coin remains profitable to mine. Unfortunately that profitability is at the mercy of exchange rate speculation. atm, supporters don't often have cause to care much about the exchange rate as it has little effect on their intra-currency trading (except for causing wild swings in merchants' prices) but they do need a wide range of engaging opportunities to acquire small amounts of the coin and to disburse small amounts, ditto.

For a coin to have any chance of long-term success there must be a balance maintained between the objectives. If any one group gains dominance that's pretty much it for the coin; the dominant group will promote its agenda at the expense of the other groups which will then start haemorrhaging members.

There've been around 2160+ altcoins launched so far. The scant number of successes can be counted on one hand, if one is generous about a definition of success. I see this as eloquent testimony that achieving a sustainable balance is nigh-on impossible.

so why make something more difficult to mine or accrue?

Bring a necessary balance.

... especially when all that going to happen is what already HAS happened ... and will again ... trade back for fiat by the vast majority ...

Yes, that's typical elsewhere but has been far less so with Spreadcoin. Freedom from the vagaries of overwhelming multipool influence seems to lend a stability to Spreadcoin. I'm aware that, pedantically, the “no pools” phrase has been demonstrated false but a point-scoring attitude sadly fails to acknowledge the essential success of Mr Spread's broad aim in sheltering the coin from megapool influence. fwiw, I believe that's the general perception and why there is so much residual support for the coin; there are only a few people motivated to adopt a pedantic criticism, most others will appreciate the success of the overall aim - “no concentration of mining power in large pools”.

There's so little hard data about the community that it's impossible to determine whether this perception of Spreadcoin being a more equitable coin is just that, a perception and no more --- or whether it is a reality (arising from the consensus perception, ofc), in which case there's an emergent brand value, right there. The freedom from multipool influence is undeniably now an actual part of Spreadcoin's historical narrative, part of the heritage of the coin and part of its story (c.f. fallingknife's blueprint). Crucially, the “no large pools” aim is a rare pro-balance influence.

It's oblique but ... Spreadcoin is seen as giving the little guy more of a chance because of what “no pools” betokens of the coin.


Cheers

Graham

hmmm ... your argument is concise and in depth ... backed by the simple nature of the initial stance taken by mr spread ...

but where is he now? ...

developing or not - mr spread ahs proven to be a great developer - but one that is fickle ...

had i the skillset that mr spread had - and the vision admittedly - then spr would be a different coin altogether ...

judging from the initial description of WHY the coin came into existence in the first place - the coin has done what it set out to do ... hence ( and probably why ) mr spread disappeared ...

im more on the side of the mining sector - the ease of mining - the power that an amalgamation of miners can wield ( and yes - i know this is the reason solo mining is of good use ) ... but it IS the miner that decides what goes and what doesnt ... its what keeps the blockchain going and secure ...

sure trading brings some value to the coin - but that is as fickle as the industry itself ... and easily manipulated also ...

i guess the whole solo mining concept is a concept that the 'underdog' can grasp wholeheartedly - but not one that will do much for effort put in for a farm owner like me ... we would rather have the opportunity to set up the farm once or twice and leave it to mine wherever we want to ... with spr - its a matter of changing miners AND settings everytime we want to mine spr ... a real pain ...

though you make great points on many levels - coupled with the fact that the initial design of spr has been realized - there seems to be a stagnation as to WHAT to move forward with ... and how ...

#crysx

[defunctec]

not one that will do much for effort put in for a farm owner like me ...

Good luck finding sympathy in here...

The more people solo mining the better! It gives SPR alot of its value, you know the very thing your mining? Or don't you care for SPR's long term value/network?

[rahmad2nd]

Little buy support...
What's problem 

[chrysophylax]

not one that will do much for effort put in for a farm owner like me ...

Good luck finding sympathy in here...

The more people solo mining the better! It gives SPR alot of its value, you know the very thing your mining? Or don't you care for SPR's long term value/network?

not looking for sympathy - not in the slightest ...

it is merely a point of view - something that should be refreshing around here ...

success will only come from LISTENING to those that are willing to bring something constructive to the table ...

i have been watching / mining / trading spr since its inception ... when the dev himself trashes his interest in it - what does that say? ...

long term? ... seriously? ... one can plan and plan and plan then make inroads to implement these plans - only to be stopped short because the ruling bodies ( yes - government mainly ) has placed a piece of legislation doing one thing or another ... or has china not taught us anything at all? ...

plans and long term optimism is great ... REALITY and the functionality of what spr brings to the table is another ...

at the moment - it is a 'nice' coin to mine occasionally which incidentally ends up with the same result ...

ie - how much it is WORTH on the exchanges for btc ... almost like every other coin out there today - no matter what plans and future foresight they bring to the table ...

the main players are never the devotees defunctec ... they are those with the mining power - and heavy fistedness that money brings ... they are the ones that sway where a coin goes ... or stays ...

plan all we will - plan all we must ... ultimately - it will be all about the price ( btc value ) that will matter in the end ...

unless of course the coin can change the world in more ways than price ... like functionality / innovation / diversity ... but those coins are very few and far inbetween ...

unless you are bitcoin of course ...

#crysx

[coins101]

-snip-
long term? ... seriously? ... one can plan and plan and plan then make inroads to implement these plans - only to be stopped short because the ruling bodies ( yes - government mainly ) has placed a piece of legislation doing one thing or another ... or has china not taught us anything at all? ...

plans and long term optimism is great ... REALITY and the functionality of what spr brings to the table is another ...
-snip-
#crysx

"Long term? Seriously?"

Yes. 100%.

Short-termism is shitcoinsim.

I have previously defined shitcoinism as:

noun, devoted love, support, and pack hunting for one's shitcoin. technology development zero.

If you think you  can build something sustainable in a few months, or a year, then you've never worked on a real project before.  As you say, look at Bitcoin: that is still in beta since 2008/09.

I do, however, like miners like you (unfair sweeping assumption coming, for illustrative purposes only). You provide liquidity when others mine and hodl or people invest and hodl.

Miners on projects such as SPR are very, very welcome. Why? Well, unlike the Nr.1 loser, Litecoin (I could never understand why aspiring to being Nr.2 was held up as an aspiration), we won't have thousands and thousands of coins spewing out every day and being dumped on the markets by miners to pay for costs.

At some point miners will get their rewards cut, or they should, in order to give extra incentives to servicenode holders - to start with.  Sir Crouton will tell you that he thinks miners should get zero rewards and be cut out of the equation altogether - all the rewards should go to servicenodes who will end up supporting the network. I have disagreed with this view since it was first aired as miners are still needed in the background to provide a second tier of network security, as well as liquidity. But the solo mining emphasis brings an extra dimension to the future plans and prospects of SPR.

Plans and future optimism (i.e. not shitcoinism)

There is no point competing with Bitcoin. And there is no point competing with DASH, which is competing with bitcoin.

In the pursuit of a valuation equalling bitcoin, I think you have to come up with an alternative plan to direct competition. I think you have to create an eco-system that itself is in demand rather than producing a simple currency that will never be used as a currency without an inherent reason.

For that to become clearer, I have been informed we will have to wait until mid next week.

Later today I will provide a mini update, as we thought the new ANN was going to be up by this weekend.

[coins101]

How to Solo Mine Spreadcoin on Windows

Second part of bounty, incoming.

You might want to put some links to download areas.

Also, think about your wallet security, now you've shown everyone your private key 

[e1ghtSpace]

How to Solo Mine Spreadcoin on Windows

Second part of bounty, incoming.

You might want to put some links to download areas.

Also, think about your wallet security, now you've shown everyone your private key  

Afterwards I named that address "DO NOT USE - youtube"

Thanks coins101, is the video what you expected, better or worse?

Edit:
What do you mean links to download areas?  Like, the website(s)? (I added them now)
I can put annotations with download links to the wallet and miners on the screen if you want.