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

[stonehedge]

I really appreciate the explanations George, they're helping me a lot.  Thanks.

Let the throw a scenario at you.

Person A is a whale and has 100,000SPR.  What happens if they set up 1000 100SPR servicenodes in a fit  for purpose environment for the services that they are providing?  Do  his/her nodes get rewarded (albeit on a diminishing basis) until 1000 people start servicenodes with more than 100SPR?

[georgem]

I really appreciate the explanations George, they're helping me a lot.  Thanks.

Let the throw a scenario at you.

Person A is a whale and has 100,000SPR.  What happens if they set up 1000 100SPR servicenodes in a fit  for purpose environment for the services that they are providing?  Do  his/her nodes get rewarded (albeit on a diminishing basis) until 1000 people start servicenodes with more than 100SPR?

Yes. 100% correct in every aspect.

If this guy manages to setup 1000 functioning servicenodes that are being accepted by the network
then we shouldn't look at this guy as somekind of menace but as a really generous person that loves spreadcoin.

He helps the network gain strength, he adds value and every wallet owner directly benefits from this guys investment.

And you got that right, he will receive 1000 payments, but only for a very short time, since other people will want to take part in this profitable business too. ALL THE TIME!
so they will take away his seats very easily in probably a short time (if he lets them stay at 100 SPR each).

So our generous friend will need to slowly but surely increase the SPR in every servicenode he owns.

But it depends on how fast you will find 1000 voluntary people that are willing to not only provide 101 SPR but also setup a working servicenode.
So it can very well be that the guy who manages to setup 1000 servicenodes in 1 day gets to profit immensely by doing this.

And he deserves this, setting up 1000 servicenodes should be looked at as a gift, much like we should thank the miners when soon spreadcoins hashrate will be 100 Ghs/s and more...  

[georgem]

it's a pity we couldn't wait with this interesting discussion after the new ANN starts.

That would be exactly the best kind of discussion to start off the first few pages of the new ANN...

So I will refrain from the discussion for now, and work an extra shift to make the ANN happen sooner than later.

Stay tuned.

I urge you people to write any questions you have down for later, we are going to need interesting questions for the new ANN...
this Ann here is supposed to be abandoned soon... so what good is it anyway...

[coins101]

Ok. My 10 ServiceNodes are ready to serve.

Any chance I can get some payments in advance?

[coins101]

it's a pity we couldn't wait with this interesting discussion after the new ANN starts.

That would be exactly the best kind of discussion to start off the first few pages of the new ANN...

So I will refrain from the discussion for now, and work an extra shift to make the ANN happen sooner than later.

Stay tuned.

I urge you people to write any questions you have down for later, we are going to need interesting questions for the new ANN...
this Ann here is supposed to be abandoned soon... so what good is it anyway...

Everyone can just migrate their posts 

[stonehedge]

I really appreciate the explanations George, they're helping me a lot.  Thanks.

Let the throw a scenario at you.

Person A is a whale and has 100,000SPR.  What happens if they set up 1000 100SPR servicenodes in a fit  for purpose environment for the services that they are providing?  Do  his/her nodes get rewarded (albeit on a diminishing basis) until 1000 people start servicenodes with more than 100SPR?

Yes. 100% correct in every aspect.

If this guy manages to setup 1000 functioning servicenodes that are being accepted by the network
than we shouldn't look at this guy as somekind of menace but as a really generous person.

He helps the network gain strength, he adds value and every wallet owner directly benefits from this guys investment.

And you got that right, he will receive 1000 payments, but only for a very short time, since other people will want to take part in this profitable business.
so they will take away his seats very easily in a short time (if he lets them stay at 100 SPR each).

So our generous friend will need to slowly but surely increase the SPR in every servicenode he owns.

I like it in lots of ways but I don't like it in terms of how easy to manage this would be for the node owner whether he/she is a billy-big-bag or a Terri-2-nodes.

From my point of view, I want to put my SPR to best use to maximise the strength of the network but I'd also like to be able to do this with reasonable assurances that should I be called to give evidence at the Hague (just grabbing random scenarios) for a week and unable to constantly monitor the position of my nodes in the spread, that my nodes aren't going to be costing me FIAT but not earning me SPR.  Its a two sided deal.  Service nodes get paid SPR for providing a service and those nodes costs the owner FIAT to run.

I would like to think that I would be on the altruistic spectrum of servicenode operators but if I've got 100 vps buzzing away in the cloud I would like to think that the systemic design would consider ease of management for the servicenode operators to minimise the chances of me being out of pocket.

One thing I could do is create a "bot node" that would monitor the network spread and my own "hive" of service nodes and top up their balance if one gets kicked.   Would this be considered gaming?  Obviously the bot node would need to have a hopper full of SPR...

[stonehedge]

Fine!  Decide to stop answering questions just as I start to understand things

[coins101]

lol.

He's like, let me finish this damn website.

[georgem]

haha,  


enough said. (for now, at this place)

[e1ghtSpace]

This particular example isn't what we should have, but I like the idea of nodes firing off messages around a distributed decentralized network.



 

yup ...

thats it ...

can this be done mate? ...

#crysx

You see, the thing with 3D animations is that you actually need to model the drawings in 3D, and I am not very good with that. But I would like to learn how to do it. I should probably watch some blender modelling videos. I also would need to texture the models, and that takes a while. Unless I can just give them a colour.

When I have the time I will go and watch some videos on using the sculpt tool in blender and hopefully I'll be able to fulfil this request.

[1qaz]

FYI

https://bitcoinmagazine.com/20182/leaked-chainalysis-roadmap-angers-bitcoin-community/

[coins101]

Good spot.

That is the reason why I brought up the financial barrier to put up nodes.

They are claimed to have put up 250 nodes to sybil attack (intercept) the bitcoin network.

"A few weeks ago, Chainalysis was forced to defend itself after allegations it had disrupted services with a “Sybil attack” that created more than 250 “false” Bitcoin nodes to harvest information on the whereabouts of transactions, which provoked strong and often angered reactions by the Bitcoin community. Grønager told CoinDesk that Chainalysis permits monitoring compliance with applicable money transfer regulations, and therefore helps Bitcoin companies to obtain bank accounts and do business with mainstream financial institutions."

https://bitcoinmagazine.com/20182/leaked-chainalysis-roadmap-angers-bitcoin-community/

But I am keen to see the servicenode proposition in action.

[Scamalert]

I logged in to my c-cex account this morning and saw to my big suprise that Spread is Marked for delisting!!!
What kinda nonsens is that?
Can that really be true?
Is there any exchange where this coin has any volume, or is everybody just bagholdning?

Yes, bittrex.

I wasn't even aware that it was listed at other exchanges too?
Bittrex is the only exchange where SPR has had and is having any reasonable amount of volume.

Oh yeah. I signed up for bittrex this evening, volume looks much much better.
Looks very promising.
I am not keeping coins there for long at the time, I do know that exhange, so it is better to get the coins safely back in the wallet asap

[coins101]

I logged in to my c-cex account this morning and saw to my big suprise that Spread is Marked for delisting!!!
What kinda nonsens is that?
Can that really be true?
Is there any exchange where this coin has any volume, or is everybody just bagholdning?

Yes, bittrex.

I wasn't even aware that it was listed at other exchanges too?
Bittrex is the only exchange where SPR has had and is having any reasonable amount of volume.

Oh yeah. I signed up for bittrex this evening, volume looks much much better.
Looks very promising.
I am not keeping coins there for long at the time, I do know that exhange, so it is better to get the coins safely back in the wallet asap

They seem to be pretty good. Just make sure to use their 2FA.

I had an issue with my 2FA a few months back. I created a ticket and I had several emails with their support. They were pretty decent and the issue with something to do with my clock being out of sync with theirs, or something. Reset my clock and it was good to go.

[stonehedge]

I logged in to my c-cex account this morning and saw to my big suprise that Spread is Marked for delisting!!!
What kinda nonsens is that?
Can that really be true?
Is there any exchange where this coin has any volume, or is everybody just bagholdning?

Yes, bittrex.

I wasn't even aware that it was listed at other exchanges too?
Bittrex is the only exchange where SPR has had and is having any reasonable amount of volume.

Oh yeah. I signed up for bittrex this evening, volume looks much much better.
Looks very promising.
I am not keeping coins there for long at the time, I do know that exhange, so it is better to get the coins safely back in the wallet asap

They seem to be pretty good. Just make sure to use their 2FA.

I had an issue with my 2FA a few months back. I created a ticket and I had several emails with their support. They were pretty decent and the issue with something to do with my clock being out of sync with theirs, or something. Reset my clock and it was good to go.

They were pretty good solving my 2FA problem when I lost my phone recently too.  So far, I quite like Bittrex.  Not to be confused with http://www.bitrex.com/

[defunctec]

I have a servicenode, but someone can jump in my place and kick me off the network?

Only if you are the weakest link. And this can only ever be 1 specific servicenode at any give time, no matter if we have 500 or 5000 servicenodes active.

Depending on how we implement service nodes, there might only be a kicking happening every block time, so every minute, if ever.
A kicking always requires a newcomer, yes.
If there are no newcomers trying to "register" a servicenode, there will be no kicking.

And your Node can easily be reactivated (maybe with a certain time penalty, depends again how we implement this)
if you are just willing to add enough SPR to your wallet so that you are again "well within the spread"...

"well within the spread"... I like the sound of that...  

"Your node is just within the spread"

[gjhiggins]

I'm trying to get my head around this auction to get a servicenode concept, or more specifically, how it will work in practice.  

Testnet's still operational. Dunno whether there are any mn-test binaries still around but as for Linux:

Code:

$ git clone https://github.com/spreadcoin/spreadcoin.git
$ cd spreadcoin
$ git checkout mn-test
$ qmake-qt
$ make
$ mkdir $HOME/.spreadtest2coin
$ cat <<EOF > $HOME/.spreadtest2coin/spreadcoin.conf
rpcuser=spreadcoinrpc
rpcpassword=made-up-password
listen=1
server=1
testnet=1
addnode=104.131.246.114:51678
addnode=5.9.56.229:51678
mnstart=1
EOF
$ ./spreadcoin-qt -testnet

Use the Mining tab to start mining - or PM me with your testnet wallet default address for some testnet coins. Wait for confirmation. Send an easy-to-recognise amount (e.g. 911.911911) of nSPR (testnet Spreadcoin) to your wallet's default address. WAIT FOR FULL CONFIRMATION. Check the Masternode tab (the mn-test codebase hails from Masternode times), look for your easy-to-recognise amount or look for an empty checkbox in the nearly-all-blank Control column --- it's just near-impossible to spot at first when scrolling but you'll get your eye in fairly quickly. Tick the checkbox. You have promoted your vanilla node to service node status. You may now return to watching TV (nose-picking optional, I feel).

I'll now actually have to double-check that the address of the incumbent at #100 drops off the end when my 911.911911 clears and my node appears in the list.
Yup, it did.

Cheers

Graham

[coins101]

Thanks, Graham.

I'll have a go tomorrow late afternoon, after attending to some day job distractions.

[defunctec]

Today feels like a new ANN day...

 

[stonehedge]

Today feels like a new ANN day...

 

No way, I have way more distractions for him