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Author Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes  (Read 810025 times)
NoobKidOnTheBlock
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December 19, 2014, 08:38:51 AM
 #1521

What a poor trading volumn on bittrex! Shocked
It's just starting and everyone knows how much this coin is really worth so people aren't selling cheap and cheapskates are trying to get dumped on it's gonna blow up before the New Year just watch and see Smiley

 

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digital_money
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December 19, 2014, 08:52:16 AM
 #1522

What a poor trading volumn on bittrex! Shocked
It's just starting and everyone knows how much this coin is really worth so people aren't selling cheap and cheapskates are trying to get dumped on it's gonna blow up before the New Year just watch and see Smiley
Yeah,buying price is far below the mining cost at present.No miner want to sell SPR to them.
Rux
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December 19, 2014, 09:02:05 AM
 #1523

What a poor trading volumn on bittrex! Shocked
It's just starting and everyone knows how much this coin is really worth so people aren't selling cheap and cheapskates are trying to get dumped on it's gonna blow up before the New Year just watch and see Smiley
Yeah,buying price is far below the mining cost at present.No miner want to sell SPR to them.

not miners that started in last days...but those who have stacked up SRP from start... they are doing this, and only after they sell their coins, this coin can move up

RXC Crypto.ba Decentralized solutions!
digital_money
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December 19, 2014, 09:22:42 AM
 #1524

Patience, guys, I've been with this coin since the start and the dev is legit. This isn't a P&D flash in the pan. Trex will help get exposure, and we keep chatting in this thread and more people will find SPR. Smiley
SPR is doomed to be a long-term ,slow rising coin. Grin
e1ghtSpace
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December 19, 2014, 09:26:57 AM
 #1525

Patience, guys, I've been with this coin since the start and the dev is legit. This isn't a P&D flash in the pan. Trex will help get exposure, and we keep chatting in this thread and more people will find SPR. Smiley
SPR is doomed to be a long-term ,slow rising coin. Grin
For a second I thought you said that Spreadcoin was doomed in the long term. Smiley
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December 19, 2014, 09:51:31 AM
 #1526

SPR will grow bigger than bigger in the coming months. Grin
NoobKidOnTheBlock
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December 19, 2014, 09:58:51 AM
 #1527

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest

 

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Rux
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December 19, 2014, 10:10:45 AM
 #1528

omg you guys ...  Grin   

this is called "moving water to your mill" hahaha

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digital_money
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December 19, 2014, 10:36:49 AM
 #1529

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
NoobKidOnTheBlock
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December 19, 2014, 10:50:49 AM
 #1530

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
Like Darks all time high? or will surpass 'dark where it is right now?

 

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Rux
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December 19, 2014, 10:52:34 AM
 #1531

u sure hope so that this coin will catch Darkcoin at his ATM price Cheesy

RXC Crypto.ba Decentralized solutions!
NoobKidOnTheBlock
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December 19, 2014, 10:54:35 AM
 #1532

u sure hope so that this coin will catch Darkcoin at his ATM price Cheesy
No lie I would SHIT myself if it ever touched DarkCoins all time high no bullshit!!

 

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Rux
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December 19, 2014, 11:05:27 AM
 #1533

u sure hope so that this coin will catch Darkcoin at his ATM price Cheesy
No lie I would SHIT myself if it ever touched DarkCoins all time high no bullshit!!

u must have milions of this coin Cheesy

karma=spread love haha

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stonehedge
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December 19, 2014, 11:28:20 AM
 #1534

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.

Who knows. 

However the dev needs to come up with a clear development plan including future features and how he wants it to work.

Also, it probably wise at some point to have a independent person review the health of the mining environment and whether the decentralised approach has strengthened or weakened the coin in reality.

Finally, if the plan still is to implement masternodes and darksend then that infrastructure will need to be in place.

Once there is some substance to this thread who knows how high this coin could go?  Mr Spread has been quick to come to the DRK thread and point out coding inconsistencies and bugs but doesn't seem to be talking too much about plans and development on this thread.

I'm not trying to troll here.  I read this thread because I'm interested in the development of this coin but so far I have seen nothing that makes me want to buy in.  Nothing but vague statements and a lightweight whitepaper from somebody who is clearly a very talented developer.
e1ghtSpace
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December 19, 2014, 11:31:09 AM
 #1535

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???
Rux
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December 19, 2014, 11:35:42 AM
 #1536

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

RXC Crypto.ba Decentralized solutions!
stonehedge
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December 19, 2014, 11:40:46 AM
 #1537

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.
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December 19, 2014, 11:45:06 AM
 #1538

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

it was meated to the e1ghtSpace  Smiley

RXC Crypto.ba Decentralized solutions!
Frigga77
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December 19, 2014, 11:50:44 AM
 #1539

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

What about this part? Does not sound lightweight to me, but I am not a programmer.

<cut from whitepaper>
To prove knowledge of the private key and whole block there are two new fields in the block header:
MinerSignature and hashWholeBlock.
MinerSignature is a digital signature of all fields of the block header except for the
hashWholeBlock. Changing any information in the block requires regeneration of this signature which
means that it is necessary to recalculate it during each iteration of the mining process. This implies that
miner must be able to sign any arbitrary data.
hashWholeBlock is a SHA-256 hash of the block data arranged as follows:
Padding ensures that there is no incentive to mine empty blocks without transactions. Padding values
are computed using simple algorithm which initializes last 32 bytes (8 uint32) with hashPrevBlock
and then goes backward and computes remaining uint32 values using the following recursive formula:
𝐼𝑖 = 𝐼𝑖+3 ∙ 𝐼𝑖+7. This algorithm ensures that there is no efficient way to compute padding values on the
fly during hash computation which otherwise could potentially give some advantage to mine empty
blocks in certain computing environments.
It is important that block is hashed twice. If it was hashed only once then pool could hash the beginning
of the block and send resulting hash state to the miners. Each miner would then modify some
information in the end of the block and recalculate the hash based on the known state without actual
knowledge about what is contained in the beginning of the block. Appending block data to itself make it
necessary to know the whole block to recalculate hashWholeBlock.
</cut from whitepaper>
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December 19, 2014, 11:57:47 AM
 #1540

SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

What about this part? Does not sound lightweight to me, but I am not a programmer.

<cut from whitepaper>
To prove knowledge of the private key and whole block there are two new fields in the block header:
MinerSignature and hashWholeBlock.
MinerSignature is a digital signature of all fields of the block header except for the
hashWholeBlock. Changing any information in the block requires regeneration of this signature which
means that it is necessary to recalculate it during each iteration of the mining process. This implies that
miner must be able to sign any arbitrary data.
hashWholeBlock is a SHA-256 hash of the block data arranged as follows:
Padding ensures that there is no incentive to mine empty blocks without transactions. Padding values
are computed using simple algorithm which initializes last 32 bytes (8 uint32) with hashPrevBlock
and then goes backward and computes remaining uint32 values using the following recursive formula:
𝐼𝑖 = 𝐼𝑖+3 ∙ 𝐼𝑖+7. This algorithm ensures that there is no efficient way to compute padding values on the
fly during hash computation which otherwise could potentially give some advantage to mine empty
blocks in certain computing environments.
It is important that block is hashed twice. If it was hashed only once then pool could hash the beginning
of the block and send resulting hash state to the miners. Each miner would then modify some
information in the end of the block and recalculate the hash based on the known state without actual
knowledge about what is contained in the beginning of the block. Appending block data to itself make it
necessary to know the whole block to recalculate hashWholeBlock.
</cut from whitepaper>


That's a description of how one of the features is going to work.
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