Please keep this discussion clean and use bitcointalk for trolling. There might be things we can learn/adapt from spreadcoin. Even though they are on a very old code base.
Spreadcoin
- Thread starter acidburn
- Start date
Is this for real? You really can create a pool to mine Spreadcoin? I thought they said there's no way people can make SPR pools.
Yes, its for real. People have been talking about it in private chat for months. Its not such a big deal. It doesn't really affect the decentralization model for SPR much. Other things will happen which cause a bigger risk to decentralization than people clubbing together with pools imho.
Moli, at present, any miner could steal all the coins from a pool. Some people have proposed workarounds which may or may not work (I suspect if someone put enough effort into it, that they could create a workaround). I personally didn't invest in SPR because of no pools, in fact, I think it's a bit of a hindrance to adoption. As the market determined no pools was worth about 150k is marketcap, I wasn't the only person not excited. I personally invested in the coin because the dev is competent. The question is whether he is competent enough to produce an improved masternode system.
So then what exactly has his competence done besides use the existing Darkcoin base (now old)? If it wasn't about the lack of pools (workarounds being collateral deposits or multi-sig), what "innovations" has he done?
Its not clear at this time.
Apparently masternodes will be dynamic in terms of number of SPR required to run them creating competition to keep your masternode running. No details are available on what this actually means.
Its all a little suck it and see. Github activity doesn't give much away. Neither does the dev. About 6 to 10 DCT accounts really believe that SPR will be an alt-killer though.
Apparently masternodes will be dynamic in terms of number of SPR required to run them creating competition to keep your masternode running. No details are available on what this actually means.
Its all a little suck it and see. Github activity doesn't give much away. Neither does the dev. About 6 to 10 DCT accounts really believe that SPR will be an alt-killer though.
I agree. It's human nature. Trying to get rid of pools is like trying to make people not to be greedy.
We're going to soon find out if he is genuine or not 
Something I have been trying to communicate is that in this space, there is no incentive for him to join the Darkcoin dev team. Why? Because he doesn't have any Darkcoin and he isn't wealthy enough to buy a boatload to make it worth his while to join the team. What he DOES have is coding skills which can in turn be parlayed into a lot of money via an independent coin. This is why I believe coins like Ripple are so well positioned. They have the means and business acumen to attract additional talent even if that talent doesn't own any Ripple at present.
Something I have been trying to communicate is that in this space, there is no incentive for him to join the Darkcoin dev team. Why? Because he doesn't have any Darkcoin and he isn't wealthy enough to buy a boatload to make it worth his while to join the team. What he DOES have is coding skills which can in turn be parlayed into a lot of money via an independent coin. This is why I believe coins like Ripple are so well positioned. They have the means and business acumen to attract additional talent even if that talent doesn't own any Ripple at present.
Why would I be thrilled about dynamic masternode collateral requirements? Think about that for a second. I do not want to exert extra effort in making sure my masternodes are always in the queue to be paid, all because some asshole "outbids" me by 1 SPR. That's hardly an innovation. It's maybe an hour (if that) in code for setting the variables and conditioning. I'm a set-it-and-forget-it kind of person.
A handful of people who trust each other enough to form a co-operative and split their combined mining rewards between them without anyone stealing from the others doesn't compromise blockchain security. The practice certainly isn't going to scale to anywhere near the level of centralised vulnerability that other PoW coins suffer from.
...or he could sell his existing premine and buy Dark. How come no one has disproven why the 80k in lost coins have been moved?We're going to soon find out if he is genuine or not
Something I have been trying to communicate is that in this space, there is no incentive for him to join the Darkcoin dev team. Why? Because he doesn't have any Darkcoin and he isn't wealthy enough to buy a boatload to make it worth his while to join the team. What he DOES have is coding skills which can in turn be parlayed into a lot of money via an independent coin. This is why I believe coins like Ripple are so well positioned. They have the means and business acumen to attract additional talent even if that talent doesn't own any Ripple at present.
I'm not sold on it either. I can see positives and negatives and I'm sure there are plenty of variables I'm not taking into account. It's going to be interesting for sure. But for me, it's all about whether he can creative a stable masternode network without need for reference nodes.
I understand what you're saying. But it seems to me that most of the Darkcoiners who are willing to do anything for Darkcoin is because they have a passion for this coin. Sure we would love to make money and many of them have made money from this coin, but I've come across DRK volunteers who donate their time, talents, and efforts more out of their passion for this coin.We're going to soon find out if he is genuine or not
Something I have been trying to communicate is that in this space, there is no incentive for him to join the Darkcoin dev team. Why? Because he doesn't have any Darkcoin and he isn't wealthy enough to buy a boatload to make it worth his while to join the team. What he DOES have is coding skills which can in turn be parlayed into a lot of money via an independent coin. This is why I believe coins like Ripple are so well positioned. They have the means and business acumen to attract additional talent even if that talent doesn't own any Ripple at present.
I don't know if that is what it means. SPR masternode testing and details are scheduled to begin today.
If it turns out like you say, then I agree that I wouldn't be thrilled by the concept.
As for all this 80k stuff. It remains FUD in my mind until proven otherwise.
I haven't been paying much attention to the trolling so didn't bother to check or not. If he was able to recover the 80k (which wasn't a premine, it was a normal mine that he lost) then good for him. That puts his total coins at around 10% of the total. High? Yes, but in the business arena I am in, founders invariably control 51% or more of the stock. Founders are the ones who should become filthy rich.
If he was able to recover his coins, then the people that donated the 50-60k in coins should rightfully get their donations back.
Many of us see the bigger picture of cryptocurrency and have altrustic motives regarding the technology in general. But it is the potential for profit that drives our passion for specific coins.
Agreed.
But that's all a big IF at this point. I'd prefer he focus on deploying masternodes rather than respond to trolling, at present. There will come a time where clarifications can be made.
Yup! Back to the human nature again. Who's going to be able to modify or control it? But it's also a good thing because without greed, there's no innovation.
As for me I'm interested in DRK because of the anonymity feature that Evan is trying to achieve.
So...we've got the details of the twist.
Only the 1,000 richest masternodes can be selected for payment.
Only the 1,000 richest masternodes can be selected for payment.
How do they know these miners aren't made up of maybe about 20 people?:
http://104.36.83.126/spreadcoin/
Can't someone like Wolf0 create a single farm for himself? Just wondering.
http://104.36.83.126/spreadcoin/
Can't someone like Wolf0 create a single farm for himself? Just wondering.
That was already talked about previously. As I said, now you have to monitor whether some asshole outbids you.
Oh it says, "The topic or board you are looking for appears to be either missing or off limits to you.
Please login below or register an account with Bitcoin Forum." I thought it's only for unregistered people like me.. lol