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

[zeca pagodinho]

Does anyone want to offer up a future price prediction to get our spirits up? I'm predicting $1 in a month.

It's going to be interesting for sure once masternodes come to mainnet.  If the network doesn't fork and there's no major issues with them, then things get exciting.  What will be really fascinating to watch is how the market reacts to the competitive nature of masternodes.  I personally think $1.00 is possible otherwise I wouldn't be investing.

If your spirits are down, you're not looking at this coin objectively.  As I say over and over and over again, you invest in the developer, not the coin.  With Mr. Spread's implementation of masternodes, he has proven that he is a top tier dev.  There's a reason Darkcoin asked him to join their team.  Does having a top-tier dev guarantee success?  No, so don't invest more than you're comfortable losing, but it sure gets me excited about the potential of this coin.

So what makes you interested in Spreadcoin?

vision

The excellence in coding, be open to new ideas, wisdom to apply new features (he knows of advanced users, but also, are applying facilities for users with less experience), comprehension capacity of community needs and apply them in their work.  

Opss
I almost forgot...
A Community Amazing!!!

[gjhiggins]

I'm not the best person to explain how noncepool is not a public pool and how SPR disincentivizes public pools.

Maybe if we change (no pools) to (no public pools), this may shut some fuders up.

No need, they're choosing to be deliberately disingenuous. It's a child's negotiating tactic, an attempt to create feelings of guilt in others. The fud is from a trader's sockpuppets, relentlessly pushing his/her agenda. The complaints are bogus, as is the claimed misunderstanding. People aren't that dense, unless they've a mind to be.

The term “mining pool” (or “mineral pool” as Google so charmingly translates the equivalent Chinese phrase) is both informal and a poor analogy (unless rig cooling technology has gotten super-serious recently). A more accurate and appropriate term would be “syndicate” but that level of language precision would be anomalous in the altcoin domain, largely characterised by: “Once I couldn't even spell ‘engineer’, now I are one.”

Cheers

Graham

[stonehedge]

I'm not the best person to explain how noncepool is not a public pool and how SPR disincentivizes public pools.

Maybe if we change (no pools) to (no public pools), this may shut some fuders up.

Precisely.  Its not FUD to say there are pools, because there are!  However, anybody who understands how SPR works understands that public pools are discouraged and that is the main goal.  If SPR drops the no pool claim (because it is outright untrue) and explains clearly the difference between private and public pools and then maybe some of what you call the FUDders will quieten down. 

[defunctec]

I'm not the best person to explain how noncepool is not a public pool and how SPR disincentivizes public pools.

Maybe if we change (no pools) to (no public pools), this may shut some fuders up.

Precisely.  Its not FUD to say there are pools, because there are!  However, anybody who understands how SPR works understands that public pools are discouraged and that is the main goal.  If SPR drops the no pool claim (because it is outright untrue) and explains clearly the difference between private and public pools and then maybe some of what you call the FUDders will quieten down. 

What's you're definition of a pool?

[devlin]

I'm not the best person to explain how noncepool is not a public pool and how SPR disincentivizes public pools.

Maybe if we change (no pools) to (no public pools), this may shut some fuders up.

Precisely.  Its not FUD to say there are pools, because there are!  However, anybody who understands how SPR works understands that public pools are discouraged and that is the main goal.  If SPR drops the no pool claim (because it is outright untrue) and explains clearly the difference between private and public pools and then maybe some of what you call the FUDders will quieten down. 

Public pools are not safe and "mini private pools" is like solo mining.
In other words "private pools" is "public pools" with limited access (members not have to trust each other), but on the market is only "mini private pools" (members must trust each other).
So until now SPR is "no pools" in what is called a "pool" by a large acceptance.

[duboisi]

No need to further argue about "Pool". For example it is possible to have a farm of 500 x GTX980s, does it mean we should not even mention "Decentralization" because it is a possible scenario? No matter what you write, fudders will always fud.

Lets move forward and make SPR better and stronger by the days.

[defunctec]

No need to further argue about "Pool". For example it is possible to have a farm of 500 x GTX980s, does it mean we should not even mention "Decentralization" because it is a possible scenario? No matter what you write, fudders will always fud.

Lets move forward and make SPR better and stronger by the days.

Yes, I completely agree but in the midst of all the madness, issues were not completely ironed out IMO.

[LucD88]

So peace and order has finally been restored? The other thread was a complete chaos and was driving me nuts.. Glad things have finally settled now..

When will we see Mr. Spreadcoin back on BCT again to manage things? Perhaps an idea to let some moderator close the previous topic with a link to the new topic?

[defunctec]

I'm not the best person to explain how noncepool is not a public pool and how SPR disincentivizes public pools.

Maybe if we change (no pools) to (no public pools), this may shut some fuders up.

Precisely.  Its not FUD to say there are pools, because there are!  However, anybody who understands how SPR works understands that public pools are discouraged and that is the main goal.  If SPR drops the no pool claim (because it is outright untrue) and explains clearly the difference between private and public pools and then maybe some of what you call the FUDders will quieten down. 

Public pools are not safe and "mini private pools" is like solo mining.
In other words "private pools" is "public pools" with limited access (members not have to trust each other), but on the market is only "mini private pools" (members must trust each other).
So until now SPR is "no pools" in what is called a "pool" by a large acceptance.

Its not the same as a private pool that you would find for btc (signup/registration).
Noncepool is a private pool for necessity, it could not exist otherwise.

This is because MrSpread took steps to disinsentivize public pools, and steer hash more towards solo mining.
It worked brilliantly, thelonecruton has shown.

[kiindje]

when are the masternodes coming to mainnet?

got 30 addresses filled with coins, waiting to become masternodes

[defunctec]

when are the masternodes coming to mainnet?

got 30 addresses filled with coins, waiting to become masternodes

Ahhh, that's a good idea. I never thought of doing that before the release, cheers! 

[stonehedge]

How much is the bounty for creating a public pool now?

[defunctec]

How much is the bounty for creating a public pool now?

At least 3500.

Terms are,

Pool needs to be active for atleast 30days.

Anything i missed "myfarm"?

Edit, from the FAQ

Q.  Is it possible to create pools?
A.  If a pool is created, any miner can steal all of the blocks.  Theories have been put forth on ways to get around this such as coding in a collateral system, but none have been created.  There is currently a 3500 SPR bounty on the creation of a public pool that successfully runs with no stolen coins for 30 days.

[gjhiggins]

What's you're definition of a pool?

Well, quite. Finally someone nails the key issue. The FUD posters want to redefine the term “pool” into private/public. It's being used by them as a spoiling tactic but there is a stronger argument to be made for the “No pools” statement:

The principles underpinning cryptocurrency are complex and technical. This technical complexity is often (ab)used to mislead those with a shallow understanding of the principles. Spreadcoin's technical solution for rendering conventional poolmining uneconomic can be abused by unscrupulous operators to lure those with shallow models into joining pools and mining coins that are subsequently stolen from them by the means explicitly enabled in the solution.

As a consequence, the tl;dr message cannot be anything other than the simplistic: “No pools”. It needs to make people think twice about any offer of commercial or private syndicated mining of SPR.


Cheers

Graham

[LitcoinCollector]

[georgem]

Looks great!

[zmija]

Looks great!

+1

[georgem]

As a consequence, the tl;dr message cannot be anything other than the simplistic: “No pools”. It needs to make people think twice about any offer of commercial or private syndicated mining of SPR.

That's an interesting way of looking at it.

"No pools" must be considered a WARNING, it's not merely a statement.

Maybe that is really the reason for all the FUDing in the other thread, some ruthless pool operators plan on running away with miners money, and they want people to think "Yes pools"!

[georgem]

When will we see Mr. Spreadcoin back on BCT again to manage things? Perhaps an idea to let some moderator close the previous topic with a link to the new topic?

Mr. Spread was banned on January 27th.

He was put on a 14 day ban.

Here is the thread where we tried to explain the situation to the BCT moderators the same day.
https://bitcointalk.org/index.php?topic=938394.0

It looks like Mr. Spread will be unbanned around February 10th, so in about 5 days.

[gjhiggins]

Maybe that is really the reason for all the FUDing in the other thread, some ruthless pool operators plan on running away with miners money

Nope, nowhere near enough money at stake. No, the real danger is that the approach proves basically successful and then gets adopted by other cryptocurrencies, in particular Bitcoin.

Cheers

Graham