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

[NoobKidOnTheBlock]

Like I will even bet that the 30004 sat buy order of 1.48 BTC on Bittrex won't even get dumped into and that person should just use their 1.48 BTC to market buy up the SpreadCoin that they want Just Saying

Well in case if people dump, i have my buy order set at 22k. I'd love to see people filling my order there.

I was lucky enough to get all my available BTC in at 7.5k and bought all the SpreadCoin I could at that price then a little more at 16k and now I'm waiting to get paid so I can get more BTC so I can go all in SpreadCoin with that BTC as well

[coins101]

Chaps

I've been thinking about this for a few days and I'm in the 'yes, do it' mode at the moment.

I'm thinking of launching a DRK clone, but using spread solo mining.

I'm thinking of taking on board the branding issues people feel is a problem with DRK going mainstream, adding the SPR solo mining, then just keeping tabs on developments with DRK and other clones and making sure the best bits gets into the new coin.

I have a name picked out and an additional strategy to rival DRK, while still using DRK and SPR code. I am also in discussions with a couple of good devs who could provide the necessary support.

Any thoughts?

Clone coins will not succeed long term in the ever-changing world of cryptocurrency.  To be top 10, you need talented devs like Evan Duffield and Mr. Spread.  Short term you might do ok, but I'm interested in solid mid to long term investments only which is why I invest in talented devs, not coins with a nice name and shiny logo.  I'm not saying don't do it, but I suspect simply investing in SPR would be more lucrative overall.  But hey, if you think you can be successful, more power to you.

But SPR is more or less a clone 

[xamido]

Like I will even bet that the 30004 sat buy order of 1.48 BTC on Bittrex won't even get dumped into and that person should just use their 1.48 BTC to market buy up the SpreadCoin that they want Just Saying

Well in case if people dump, i have my buy order set at 22k. I'd love to see people filling my order there.

I was lucky enough to get all my available BTC in at 7.5k and bought all the SpreadCoin I could at that price then a little more at 16k and now I'm waiting to get paid so I can get more BTC so I can go all in SpreadCoin with that BTC as well

Yeah, i also buy mine at 12k. I'm just adding my coin with the profit i made from PFC. Not gonna touch that coin anymore, it's gonna crash real hard soon.

[NoobKidOnTheBlock]

Chaps

I've been thinking about this for a few days and I'm in the 'yes, do it' mode at the moment.

I'm thinking of launching a DRK clone, but using spread solo mining.

I'm thinking of taking on board the branding issues people feel is a problem with DRK going mainstream, adding the SPR solo mining, then just keeping tabs on developments with DRK and other clones and making sure the best bits gets into the new coin.

I have a name picked out and an additional strategy to rival DRK, while still using DRK and SPR code. I am also in discussions with a couple of good devs who could provide the necessary support.

Any thoughts?

Clone coins will not succeed long term in the ever-changing world of cryptocurrency.  To be top 10, you need talented devs like Evan Duffield and Mr. Spread.  Short term you might do ok, but I'm interested in solid mid to long term investments only which is why I invest in talented devs, not coins with a nice name and shiny logo.  I'm not saying don't do it, but I suspect simply investing in SPR would be more lucrative overall.  But hey, if you think you can be successful, more power to you.

But SPR is more or less a clone 

Pretty much every coin out there is a clone or copy of another coin that came before it.  The real thing is if the coin is nothing but a clone or is it a clone with improvements on the pre-existing coin? Does it bring more to the table than the coin before it? And in all honesty I believe that SpreadCoin is going to do that Just my opinion though Cheers

[thelonecrouton]

Chaps

I've been thinking about this for a few days and I'm in the 'yes, do it' mode at the moment.

I'm thinking of launching a DRK clone, but using spread solo mining.

I'm thinking of taking on board the branding issues people feel is a problem with DRK going mainstream, adding the SPR solo mining, then just keeping tabs on developments with DRK and other clones and making sure the best bits gets into the new coin.

I have a name picked out and an additional strategy to rival DRK, while still using DRK and SPR code. I am also in discussions with a couple of good devs who could provide the necessary support.

Any thoughts?

Before I stumbled onto SPR I was planning something similar, but I was going to learn how to do it myself. I was getting there slowly, lets just say I've mined quite a few genesis blocks on my LAN...

You need to consider how much a talented and motivated developer is worth - SPR already has one, and you'd be better off funding SPR development because I can tell you right now that any plan to get a successful coin (anything beyond a ten week lifespan pump and dump shitcoin) launched by paying some dude on the intertubes to hand you a generic LTC clone is doomed. Because that's all your going to get for your 3BTC and even I can do it.

If you want someone that has the skillset to understand and improve on Darkcoin code you're looking at significant and ongoing outlay.  Pay peanuts, you get monkeys.

About the branding thing, my own belief is that it doesn't matter, DRK's market share would be exactly the same at best and probably much lower if was called GenericMarketReaearchApprovedFluffCoin. Bitcoin's real world marketshare is practically zero - it has exactly nothing to do with the name.

That said, the more I think about it the more I like the name Spread. It's not shiny and glamourous, but it's apt, it encompasses the basic principle of a distributed currency.

[Mr. Spread]

Then i learned that spr's code base is forked from darkcoin's and implementing darksend should be 'a walk in the park'.

This isn't 'walk in the park'. There are many things that should be changed, look e.g. at masternode payments. In DarkCoin the owner(s) of the specific private key (this is Evan Duffield and co. I suppose) decide which masternode and when will receive a payment. In my opinion this is unacceptable, especially for a cryptocurrency which main feature right now is true decentralization. Thus we need a decentralized solution to decide where payments will go. DarkCoin experienced non-stability issues and forks when decentralized method of selecting masternode payments was used, this was because different nodes had different opinion about which masternode should receive a payment. I'm working on a system where forks will be prevented because the nodes which don't agree on masternode payments will be forced to accept the decision of the majority of the hashrate.

[MyFarm]

Then i learned that spr's code base is forked from darkcoin's and implementing darksend should be 'a walk in the park'.

This isn't 'walk in the park'. There are many things that should be changed, look e.g. at masternode payments. In DarkCoin the owner(s) of the specific private key (this is Evan Duffield and co. I suppose) decide which masternode and when will receive a payment. In my opinion this is unacceptable, especially for a cryptocurrency which main feature right now is true decentralization. Thus we need a decentralized solution to decide where payments will go. DarkCoin experienced non-stability issues and forks when decentralized method of selecting masternode payments was used, this was because different nodes had different opinion about which node should receive a payment. I'm working on a system where forks will be prevented because the nodes which don't agree on masternode payments will be forced to accept the decision of the majority of the hashrate.

Holy shit.  Improved masternodes, here we come!

[Coin-Moron]

Then i learned that spr's code base is forked from darkcoin's and implementing darksend should be 'a walk in the park'.

This isn't 'walk in the park'. There are many things that should be changed, look e.g. at masternode payments. In DarkCoin the owner(s) of the specific private key (this is Evan Duffield and co. I suppose) decide which masternode and when will receive a payment. In my opinion this is unacceptable, especially for a cryptocurrency which main feature right now is true decentralization. Thus we need a decentralized solution to decide where payments will go. DarkCoin experienced non-stability issues and forks when decentralized method of selecting masternode payments was used, this was because different nodes had different opinion about which masternode should receive a payment. I'm working on a system where forks will be prevented because the nodes which don't agree on masternode payments will be forced to accept the decision of the majority of the hashrate.

You gave me goosebumps !

[Mr. Spread]

Then i learned that spr's code base is forked from darkcoin's and implementing darksend should be 'a walk in the park'.

This isn't 'walk in the park'. There are many things that should be changed, look e.g. at masternode payments. In DarkCoin the owner(s) of the specific private key (this is Evan Duffield and co. I suppose) decide which masternode and when will receive a payment. In my opinion this is unacceptable, especially for a cryptocurrency which main feature right now is true decentralization. Thus we need a decentralized solution to decide where payments will go. DarkCoin experienced non-stability issues and forks when decentralized method of selecting masternode payments was used, this was because different nodes had different opinion about which masternode should receive a payment. I'm working on a system where forks will be prevented because the nodes which don't agree on masternode payments will be forced to accept the decision of the majority of the hashrate.

What I didn't mention is that the person who knows this key can just ruin the coin by sending conflicting masternode payments to the network, e.g. by sending different payments each second. Each node will make a decision whether to accept certain block depending on whether it first received this block or a message which says that this block should have different payment, of course this order can be different for different nodes and this will lead to forks.

[sparkster]

Oh no, too many magic words from Mr. Spread. SPR is going to the moooon. And somebody is desperately trying to dump it to the ground for the last time.

[thelonecrouton]

What I didn't mention is that the person who knows this key can just ruin the coin by sending conflicting masternode payments to the network, e.g. by sending different payments each second. Each node will make a decision whether to accept certain block depending on whether it first received this block or a message which says that this block should have different payment, of course this order can be different for different nodes and this will lead to forks.

These 'reference nodes' are a temporary solution just to ensure even payment distribution for Masternodes.

[NoobKidOnTheBlock]

Then i learned that spr's code base is forked from darkcoin's and implementing darksend should be 'a walk in the park'.

This isn't 'walk in the park'. There are many things that should be changed, look e.g. at masternode payments. In DarkCoin the owner(s) of the specific private key (this is Evan Duffield and co. I suppose) decide which masternode and when will receive a payment. In my opinion this is unacceptable, especially for a cryptocurrency which main feature right now is true decentralization. Thus we need a decentralized solution to decide where payments will go. DarkCoin experienced non-stability issues and forks when decentralized method of selecting masternode payments was used, this was because different nodes had different opinion about which masternode should receive a payment. I'm working on a system where forks will be prevented because the nodes which don't agree on masternode payments will be forced to accept the decision of the majority of the hashrate.

What I didn't mention is that the person who knows this key can just ruin the coin by sending conflicting masternode payments to the network, e.g. by sending different payments each second. Each node will make a decision whether to accept certain block depending on whether it first received this block or a message which says that this block should have different payment, of course this order can be different for different nodes and this will lead to forks.

Well I must say I am absolutely astounded right now and at a loss for words!! But in a terrifically good way! SpreadCoin and everything that you have planned to do with it Mr. Spread is amazing to be a part of and even more fun to hear about I cannot stress enough to anyone in Crypto what a terrific coin we have here people! The inevitable fact of the matter is that SpreadCoin WILL be the coin of 2015 and the more people start to realize that and "SPREAD" the word about it the better Cheers everyone and also Merry Christmas and Happy Holidays to each and everyone this fine day

[coins101]

Then i learned that spr's code base is forked from darkcoin's and implementing darksend should be 'a walk in the park'.

This isn't 'walk in the park'. There are many things that should be changed, look e.g. at masternode payments. In DarkCoin the owner(s) of the specific private key (this is Evan Duffield and co. I suppose) decide which masternode and when will receive a payment. In my opinion this is unacceptable, especially for a cryptocurrency which main feature right now is true decentralization. Thus we need a decentralized solution to decide where payments will go. DarkCoin experienced non-stability issues and forks when decentralized method of selecting masternode payments was used, this was because different nodes had different opinion about which masternode should receive a payment. I'm working on a system where forks will be prevented because the nodes which don't agree on masternode payments will be forced to accept the decision of the majority of the hashrate.

The Litecoin devs contribute to bitcoin code because litecoin is so closely aligned - they give and take.

Aren't you better off collaborating directly with the Darkcoin devs and using the combined efforts to benefit SPR? otherwise you're into the difficult situation of working on your own. Having seen Evan do this for months, it wasn't great for him or the project timing.

[linearzone]

Like I will even bet that the 30004 sat buy order of 1.48 BTC on Bittrex won't even get dumped into and that person should just use their 1.48 BTC to market buy up the SpreadCoin that they want Just Saying

Well in case if people dump, i have my buy order set at 22k. I'd love to see people filling my order there.

I was lucky enough to get all my available BTC in at 7.5k and bought all the SpreadCoin I could at that price then a little more at 16k and now I'm waiting to get paid so I can get more BTC so I can go all in SpreadCoin with that BTC as well

You have bought 40K+ spr @7.5k sato,if I remeber right.

[NoobKidOnTheBlock]

Like I will even bet that the 30004 sat buy order of 1.48 BTC on Bittrex won't even get dumped into and that person should just use their 1.48 BTC to market buy up the SpreadCoin that they want Just Saying

Well in case if people dump, i have my buy order set at 22k. I'd love to see people filling my order there.

I was lucky enough to get all my available BTC in at 7.5k and bought all the SpreadCoin I could at that price then a little more at 16k and now I'm waiting to get paid so I can get more BTC so I can go all in SpreadCoin with that BTC as well

You have bought 40K+ spr @7.5k sato,if I remeber right.

Let's just say I've bought enough already that if everything that Mr. Spread promises and implements for this coin comes through and this coin rises to the price that I'm guessing it will rise to, I will definitely be a rich man I am already pretty sure my 2015 is going to be an exceptionally profitable one for sure

[MyFarm]

Looking at the buy orders that came in and took SPR to over .0004 for a couple minutes after Mr. Spread talked about Masternodes, it's quite obvious there's a lot of people with big money camping on this thread waiting for good news.

Exciting times ahead...

[NoobKidOnTheBlock]

Looking at the buy orders that came in and took SPR to over .0004 for a couple minutes after Mr. Spread talked about Masternodes, it's quite obvious there's a lot of people with big money camping on this thread waiting for good news.

Exciting times ahead...

Yes I agree that their is big money wondering around this thread looking for their opportunity to strike and collect enough coins to try to maybe possibly manipulate the prices to accumulate more of these fine coins before the huge rush begins to flood in That's what I think anyways

[littlefaucet]

Looking at the buy orders that came in and took SPR to over .0004 for a couple minutes after Mr. Spread talked about Masternodes, it's quite obvious there's a lot of people with big money camping on this thread waiting for good news.

Exciting times ahead...

Yes I agree that their is big money wondering around this thread looking for their opportunity to strike and collect enough coins to try to maybe possibly manipulate the prices to accumulate more of these fine coins before the huge rush begins to flood in That's what I think anyways

Don't worry about that.Before SPR listed on bigger exchanges,there won't be enough fund to manipulate this coin.

[littlefaucet]

In some sense,SPR is still under the radar to masses. Bigger exchanges and more promotion are quite neccessary now.

[NoobKidOnTheBlock]

Looking at the buy orders that came in and took SPR to over .0004 for a couple minutes after Mr. Spread talked about Masternodes, it's quite obvious there's a lot of people with big money camping on this thread waiting for good news.

Exciting times ahead...

Yes I agree that their is big money wondering around this thread looking for their opportunity to strike and collect enough coins to try to maybe possibly manipulate the prices to accumulate more of these fine coins before the huge rush begins to flood in That's what I think anyways

Don't worry about that.Before SPR listed on bigger exchanges,there won't be enough fund to manipulate this coin.

I just am quite happy that the community and coin holders in this coin already appreciate the coin that they have and aren't keen on selling this coin for very cheap at all and that is an awesome sign