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Topic: [ANN] SpreadCoin | Decentralize Everything (decentralized blockexplorer coming) - page 252. (Read 790414 times)

member
Activity: 96
Merit: 10
Hello guys, I'm having a problem with Spreadcoin, My wallet won't sync, and I have 0 connections to SpreadCoin Network, please, help me as I need to make a transfer but can't connect to the network. Thanks.


Edit: And I'm facing this message on the left corner of my wallet "No Block source available"
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
I think it's unfortunate that after all this time instead of launching servicenodes on testnet the main topic of discussion is a gimmicky lottery with no worthwhile application Huh

Marketing ideas, increasing exposure to new audiences, generating interest for the media, creating insights for developers: there's always a time and place for that. There are some great ideas being discussed while the development is ongoing.

Georgem and his team are showing commitment to the development aspect, there is progress, there is a road map, this coin is moving.

Service Nodes are almost here. Time is now to start figuring out what to do with them and how to grow the network. After that there will be an API to create applications on top of this infrastructure. Dare I say one of the most exciting concepts in the making? A brand new environment, like the app store to iPhone. The SPR Service Network for decentralized transactions and applications. I say "wow"!

Feel free to constructively contribute to the process. Time is now  Cool

I still think we need to do better at communicating what our core devs are working on although it shouldn't drag them away from their work.  We all have day jobs and real life going on too.  I'm going to give some thought on how I can post some more short updates on BCT without using too much of their time.

Georgem is painstakingly working towards servicenode testnet in a logical and methodical way.  He has a laudable dedication to quality control and we shouldn't forget that he has inherited somebody else's code.  I wouldn't release something I didn't fully trust or understand and I wouldn't want to be invested in a project with a lead dev that did.  

As a community we believe that we are doing something that nobody has done before and it can't be approached like a cut and paste coin project.  Yes, people have thrown masternode-like coins together in a few days but have any of you actually looked at the code?  Where are those coins now?  Things have to be done properly and this takes time.

I am going to propose that I have a ten minute chat with Chaositec and Georgem once a week and post a weekly update about what the devs are doing, what they're doing next and what they have failed to do ( Grin )

I don't mind saying in public that both Chaos and George are excellent at what they do just not very good about boasting about it in public.  That's where I think I can help  Wink
member
Activity: 174
Merit: 10
Mundus Ex Plurimum
Quote
According to 12 USCS § 25a , “lottery" includes any arrangement whereby three or more persons (the "participants") advance money or credit to another in exchange for the possibility or expectation that one or more but not all of the participants (the "winners") will receive by reason of their advances more than the amounts they have advanced, the identity of the winners being determined by any means
[/quote]

I have read somewhere that Austria is one of the few places allowing giveaways like this. Didn't someone raffle away their house in Sought Africa? I could be wrong but it might be worth while exploring if this idea is to be developed. Love to see it happen!
sr. member
Activity: 268
Merit: 250
I think it's unfortunate that after all this time instead of launching servicenodes on testnet the main topic of discussion is a gimmicky lottery with no worthwhile application Huh

Marketing ideas, increasing exposure to new audiences, generating interest for the media, creating insights for developers: there's always a time and place for that. There are some great ideas being discussed while the development is ongoing.

Georgem and his team are showing commitment to the development aspect, there is progress, there is a road map, this coin is moving.

Service Nodes are almost here. Time is now to start figuring out what to do with them and how to grow the network. After that there will be an API to create applications on top of this infrastructure. Dare I say one of the most exciting concepts in the making? A brand new environment, like the app store to iPhone. The SPR Service Network for decentralized transactions and applications. I say "wow"!

Feel free to constructively contribute to the process. Time is now  Cool
legendary
Activity: 1456
Merit: 1000
actually, i do think it is possible to do it with current coinbase scripting, wait for event like winner pays in x amount to SatoshiNakamoto send amount to same address

when api is done, this could be done with a simple routine to check for x amount send to SatoshiNakamoto address, then release funds to same address, or sending address, or sign btc address with SatoshiNakamoto key but that would require a modification to the van gen to deal with that part, else we end up poluting the blockchain more than needed.

Neat idea.

However, the only reason I'm going to be a dog with a bone about this is because of the collateral requirement to participate in the finding Satoshi van gen adventure.

COLLATERAL

To participate you need to send 500 SPR with a signed message to say that you are participating. Can we automate the validation of finding satoshi van gen with someone who has complied with the collateral requirements?

Remember, if you set-up the collateral and then remove all the coins, you don't get the prize fund, even if you go on to find the correct van gen.

NETWORK EFFECT

I've been thinking about ways to create the network effect with this van gen idea.

So far, I'm leaning towards having the collateral reduce when the price of SPR reaches a certain point.  For example, when SPR reaches $1/SPR, the requirement to use 500 SPR will be $1,500. That would potentially put people off.

So why not make the collateral start at 500 SPR, but then max out at $500 or $200 equivalent in SPR. So if SPR ever reachED $50 / SPR, you would only need 10 SPR.

That way people are incentivised to help promote SPR and the van gen competition so that they can release some of their collateral. Maybe always keep a floor of 100 SPR, that way we should always have a sybil attack prevention mechanism even against long-term holders.


GIMMICK

I have also been thinking about whether this is just a gimmick. I don't think it is, provided we have the collateral requirement.

* The thing about masternodes / servicenodes is that we want people to participate who have some idea about running a servicenode. Sure we might make things easier, but people still need to have some idea about DDoS attacks, setting up VPSs, etc.

A simple van gen idea gets us a very simple way for people who are not technical at all to participate in securing our SPR network. We can say to people: "If you are participating in the van gen competition, please also ensure that you open these ports so you can help the network" - i.e. SPR will get an army of full nodes and average Joe in the street can take part, how decentralized is that!

* Then there is the network effect. As the prize fund builds up, the general media and not just the crypto media will be writing about this competition. We will get a ton of free PR. If you look at Dash, there are proposals to use some of the coinbase rewards to pay for adverts, we will get them for free.

* Then there is the data on lotteries. People spend 10 times more on lotteries than on music. That means that music is more of a gimmick than having something with lottery like features (but is not, dear judge, a lottery).

https://bitcointalksearch.org/topic/m.12040096

SERVICE NODES

The implicit deal with SPR is that masternodes will be created and they will get a big percentage of the coinbase rewards.

Had Mr.Spread still been around, I'm sure we would have had masterndodes up and running. So, from my point of view, miners have enjoyed extra rewards for at least 4 months.

I'd like to propose that 30% of mining rewards go to setting up this van gen competition, with that 30% reduced down as service nodes go to mainnet.

If for any reason there is a problem with the competition, we can always distribute these coins back across all the live servicenodes.
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
Whilst on the subject of self promotion, I had a call from somebody who I used to facilitate off exchange sales of Darkcoin for. I'm not prepared to sell any of my SPR and this person doesn't use exchanges (I know).

In the unlikely event that somebody wants to sell 100k SPR at spot price please PM me. They'll pay in € or £ but won't do BTC.
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
I agree we need to get better with comms. Even if we are posting the info we aren't doing it in a clear and consistent way.

Coins101's PowerPoint updates are fine but people expect regular self promotion on BCT.

Whilst we'll never be a coin that tries to build on promises rather than results, the Spreadcoin team need to find a happy balance. More people are watching this thread than we realise. Maybe we need to spend a bit less time on Slack and play to the crowd a bit.
legendary
Activity: 1358
Merit: 1002
Surely we are due another update?

Last I heard, georgem was making a blockex? I'm sure all his time is going to be spent doing that until he starts on coding SN's.

If work on SN has started, what's the current progress?

Where is the core update upto?

It'd be nice so see weekly updates, with information coming directly from the devs.

if you look at the last roadmap, core was put in october range...


and one page ago, which isnt long time since:

Lol, I go into the office for one day and suddenly we're running a lottery?  Cheesy

I reckon its a neat idea once we get PoBN up and running and have some PR time to play with while the techie-gods work on the API Wink

lol.

No. We are 100% not running a lottery.

This is van gen: finding SatoshiNakamoto1

The process of finding Satoshi, using percentage of mining rewards and using collateral just happens to have some similar dynamics to lottery game theory.

Repeat (for the benefit of the judge and the gaming authorities) - we are not running a lottery.

I generally like your idea, but it needs some more brainstorming.

I think this would be a good case for a separate testing round (separate blockchain with adjustment to experiment what it would take to run "this lottery" - I know it's the wrong word.)...
... and if successful we can create the "find satoshi nakamoto" - coin. But I would never advocate to put all this into spreadcoin.
Taking 30% Mining reward from spreadcoin is reserved for servicenodes, and nothing else. We can't just start subsidising every side project by taking from the miners.
Upcoming Servicenodes are the only exception to that rule.

I am still preparing everything for the upcoming testnet storm, please stay tuned everybody.

legendary
Activity: 1092
Merit: 1000
Surely we are due another update?

Last I heard, georgem was making a blockex? I'm sure all his time is going to be spent doing that until he starts on coding SN's.

If work on SN has started, what's the current progress?

Where is the core update upto?

It'd be nice so see weekly updates, with information coming directly from the devs.
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
I think it's unfortunate that after all this time instead of launching servicenodes on testnet the main topic of discussion is a gimmicky lottery with no worthwhile application Huh

Georgem is busy preparing the next round of testnet.  In the meantime, there is no harm in talking through ideas.
full member
Activity: 171
Merit: 100
I think it's unfortunate that after all this time instead of launching servicenodes on testnet the main topic of discussion is a gimmicky lottery with no worthwhile application Huh
legendary
Activity: 1358
Merit: 1002
actually, i do think it is possible to do it with current coinbase scripting, wait for event like winner pays in x amount to SatoshiNakamoto send amount to same address

when api is done, this could be done with a simple routine to check for x amount send to SatoshiNakamoto address, then release funds to same address, or sending address, or sign btc address with SatoshiNakamoto key but that would require a modification to the van gen to deal with that part, else we end up poluting the blockchain more than needed.
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
Show me these ServiceNodes !

Don't just roadmap all these ideas months after you promised Masternodes made for SPR with the second dev.

Vanitygen is fun but for how long for.... You will never find SatoshiNakamoto !

Hiya bump bitch.

No promises on timescales were made.  Better to do things once and properly than release things before they are ready.

Be sure to check back soon.
newbie
Activity: 56
Merit: 0
Show me these ServiceNodes !

Don't just roadmap all these ideas months after you promised Masternodes made for SPR with the second dev.

Vanitygen is fun but for how long for.... You will never find SatoshiNakamoto !
legendary
Activity: 1456
Merit: 1000
In short: "show me the money"

....
in the famous words used by many ...

SHOW ME THE MONEY !!! ...

ahem - now back to work Wink ...

#crysx

.......

i actually didnt think you were serious ...

not because of the money ... but because it is almost an impossibility to get an address that EXACT - even with a hoard of supercomputers - in any short period of time ...

i would get a 4core vps and have it running 24 / 7 ... maybe 70 of them Wink ...

seriously ... that vanitygen address is SO difficult - but would be highly prized i guess ...

im not that interested in vanity addresses and such - but would be worth having a go ...

this will be interesting Smiley ...

#crysx

Such a prize would definitely pique my interest  Grin
legendary
Activity: 1456
Merit: 1000
Ok, I give up. I've thought about it.

What does an SPR vanity gen address competition have to do with Bitcoin nodes?

in your own words:

The coinbase is used to build up the stake, in BTC. If its in SPR, no one will participate.

Maybe I read you wrong here.

Hmm. I'm not sure.

My suggestion is to offer the bounty for finding a Satoshi van gen in Bitcoins. So yes, we would need to sell SPR to buy BTC to build up the prize fund. If you offer people SPR at this stage, no one will participate.

People will do almost anything to get hold of BTC.

I'm guessing most of our current miners dump their coins for BTC. We would be doing the same, only we would be building up a fund, to encourage people to buy more SPR as collateral, so we should end up net positive on all the SPR dumping for BTC from the mining rewards.

We just need a Bitcoin wallet with multi-sig and we can hand over some keys to escrow.
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
Ok, I give up. I've thought about it.

What does an SPR vanity gen address competition have to do with Bitcoin nodes?

in your own words:

The coinbase is used to build up the stake, in BTC. If its in SPR, no one will participate.

Maybe I read you wrong here.
legendary
Activity: 1456
Merit: 1000
Ok, I give up. I've thought about it.

What does an SPR vanity gen address competition have to do with Bitcoin nodes?
legendary
Activity: 1484
Merit: 1007
spreadcoin.info
The coinbase is used to build up the stake, in BTC. If its in SPR, no one will participate.

The few miners we have at the moment won't care about losing 1%.

This is centralized talk, it's not up to you or me to decide what other people care about.

This is a no-go!

The higher the build-up of BTC funds from the coinbase, the more people will want to play.  You are using 1% of the coinbase for x period of time, to generate demand for SPR, and you are doing it ahead of ServiceNodes coming on stream.

The maths behind finding private keys means that someone will find the winning address if the public key is short enough that it can be found in a reasonable time.  What that reasonable time is, is one of the questions.

I think we are going to need servicenodes (that have the ability to access supervised bitcoin nodes) to make this work.
Not only because this will obviously add value to SPR, but because it will help us creates schemes ("pattern codes") that are not required to be debased in SPR, but can also use BTC (etc) in their program logic.
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