Like I said, not rushing into anything.
So I've thought about this for a while now and I think its worth giving it a go.
I have spent quite a lot of the past two years actively trying to pursue some ideas around Service Nodes and I think some of those ideas are probably not that aligned with where Spreadcoin is heading.
Two years is a long time.
Which is why I don't want to start again from scratch or do an ICO. The stuff I've been doing around here for a while is still valid, it's just not where the Spreadcoin Core is going - hence a fork of sorts.
There is an existing white paper branded for the benefit of SPR which is still in draft. I'll probably tidy that up a little and make use of it elsewhere.
There is a new white paper which hasn't been made public yet. I need to change some things on that and then it will get released.
There is a third white paper due, but it is likely to be put on the back burner until a patent is written and submitted.
These things are about the direction I'm really keen to follow. That direction is more focused around service nodes that pay a coupon; give people a way to earn a living from providing services through the second layer; and ultimately about potential ways to generate dividends. I come from that type of mindset that dividends can be productive to society if done ethically, such as providing incomes for pensions.
So the concept of an economic fork is where I think things will go.
People will get to claim whatever stake they have in Spreadcoin in a new coin called HLM (full name to be released in due course after setting up github and a website).
Everyone will be given plenty of notice about being able to claim their new coins and we won't be short changing anyone. So if you claim your HLM's you'll have Spreadcoin's and HLM coins in equal measure.
It won't be some five minute process either. People that pop in once a year will still find they can redeem their HLM's.
HLM is going to be a DASH fork. So it's easier to use an escrow to redeem coins than try to create some fancy automated process. Only you and the escrow will know your coin holdings - so please take into account an escrow fee. We will need to cover off people that fancy chancing their luck and claiming and claiming and claiming using the same set of coins.
I look forward to keeping my Spreadcoins and seeing them grow in value over the years to come. The Spreadcoin project is in great hands. I've always supported Georgem and given the amount of time he has spent gaining knowledge about the Bitcoin codebase this project will continue to do well over the long-term.
But I think my priorities are in areas of development that probably don't fit very well with where I thought SPR might have been going.
So, it's not good bye but simply see ya around.
GO SPREADCOIN!
Hopefully this helps to explain the current proposals on the economic fork.
Details and alternative options still being reviewed.
bump for some of the new faces I've noticed investing in Spreadcoin because they want to also get into Helium
