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Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 187. (Read 810085 times)
January 30, 2015, 05:41:08 AM
January 30, 2015, 02:32:47 AM
One thing i know for sure how sells at this low price will regret later 
January 29, 2015, 11:52:42 PM
MN testing works as per specification.
Received MN payment, also mined block reward reduced by 30% to 4.66+ tSPR.
EDIT: If my mining cost per SPR is 50k satoshi, with MN, my cost is going up to 71k satoshi since reward will be less by 30%.
Received MN payment, also mined block reward reduced by 30% to 4.66+ tSPR.
EDIT: If my mining cost per SPR is 50k satoshi, with MN, my cost is going up to 71k satoshi since reward will be less by 30%.
January 29, 2015, 10:06:56 PM
All my testnet Masternodes paid, took about 5-6 hours, as expected with ~350 active MNs and ~1min blocktime.
So far everything in v1 has worked as expected, I am very impressed.
So far everything in v1 has worked as expected, I am very impressed.
Hey I call mine 'mn1, mn2, etc' too!
Derp.
January 29, 2015, 07:54:15 PM
All my testnet Masternodes paid, took about 5-6 hours, as expected with ~350 active MNs and ~1min blocktime.
...
So far everything in v1 has worked as expected, I am very impressed.
Looking good, I'm buying in as we speak. Might join the club rather sooner than later! ...
So far everything in v1 has worked as expected, I am very impressed.
January 29, 2015, 07:42:43 PM
All my testnet Masternodes paid, took about 5-6 hours, as expected with ~350 active MNs and ~1min blocktime.
So far everything in v1 has worked as expected, I am very impressed.
So far everything in v1 has worked as expected, I am very impressed.
January 29, 2015, 05:52:56 PM
None of you are thinking aggressively enough... 
Very hypothetical: If I'm a nefarious actor and I have enough SPR to knock off the 1440 lowest mn's with my mn's and then I suddenly pull the plug on my mn's (sell), will there suddenly be a loss of 1440 mn's or are there replacements (below the SPR threshold) always running in the background waiting to fill the gaps?
Not possible, we discussed the same case some weeks ago.
It would take someone more money than all the coinsupply to do this. (knock off the 1439 lowest mn's)
Also, you can secure your MN quite easily:
If you manage to keep an MN in the middle of the "spread" (or higher of course) you will always be good. (spread between lowest and highest MN, (It's fascinating that this is also the name of this coin... sigh))
And when I say always I really mean always, considering 21 million max coins and the whole lifecycle of the coin etc.
January 29, 2015, 05:49:38 PM
None of you are thinking aggressively enough...
Very hypothetical: If I'm a nefarious actor and I have enough SPR to knock off the 1440 lowest mn's with my mn's and then I suddenly pull the plug on my mn's (sell), will there suddenly be a loss of 1440 mn's or are there replacements (below the SPR threshold) always running in the background waiting to fill the gaps?
January 29, 2015, 05:39:14 PM
None of you are thinking aggressively enough...
Well, the total amount of aggression within a free market can't really be understood by humans, that's why it creates so many victims.
(but also insane amounts of profit and innovation which in turn is the main driver for human prosperity. So all is good, all is well!)
January 29, 2015, 05:38:29 PM
None of you are thinking aggressively enough...
I WILL BUY EVERY SPREADCOIN IN EXISTENCE AND OWN EVERY MASTERNODE.How is that?
Your going to be short a few thousand... :p
January 29, 2015, 05:36:53 PM
None of you are thinking aggressively enough...
I WILL BUY EVERY SPREADCOIN IN EXISTENCE AND OWN EVERY MASTERNODE.How is that?
January 29, 2015, 05:36:13 PM
None of you are thinking aggressively enough...
January 29, 2015, 05:36:00 PM
It's much more complicated than that though. Because if you stop an existing masternode, you then have to go through the election process again once you restart during which time you're not getting paid and go to the end of the line.
What I'm wondering is if we have 1400 masternodes with 101+ SPR and 40 with 100 SPR, when another 101+ SPR masternode is added, which of those 100 SPR masternodes gets booted since they all have the same number of SPR?
What I'm wondering is if we have 1400 masternodes with 101+ SPR and 40 with 100 SPR, when another 101+ SPR masternode is added, which of those 100 SPR masternodes gets booted since they all have the same number of SPR?
Last in first out or first in first out? I'd go with last in first out.
I asked on Spreadcointalk. Hopefully Mr. Spread will respond.
January 29, 2015, 05:35:41 PM
...
Imagine condition 3: dude's earning what 200 SPR or so per day and can either plop it down on another mn or cushion his other mn's.
This is gonna be nutty.
Is that a good or a bad thing? Imagine condition 3: dude's earning what 200 SPR or so per day and can either plop it down on another mn or cushion his other mn's.
This is gonna be nutty.
January 29, 2015, 05:35:13 PM
It's much more complicated than that though. Because if you stop an existing masternode, you then have to go through the election process again once you restart during which time you're not getting paid and go to the end of the line.
What I'm wondering is if we have 1400 masternodes with 101+ SPR and 40 with 100 SPR, when another 101+ SPR masternode is added, which of those 100 SPR masternodes gets booted since they all have the same number of SPR?
What I'm wondering is if we have 1400 masternodes with 101+ SPR and 40 with 100 SPR, when another 101+ SPR masternode is added, which of those 100 SPR masternodes gets booted since they all have the same number of SPR?
Last in first out or first in first out? I'd go with last in first out.
January 29, 2015, 05:33:17 PM
It's much more complicated than that though. Because if you stop an existing masternode, you then have to go through the election process again during which time you're not getting paid and go to the end of the line.
Yes, I ommited that deliberately, so that it doesn't get too complex. One step at a time.
So, how long does it take on average to change your 1 masternode into 10 masternodes?
And can this time be improved?
For me, it took me on average about 1 hour for the 50 confirmations, and 3 hours from start to election.
How long did it take you guys?
EDIT: obviously the 1 hour for the 50 confirmations can be ommited by having those amounts already prepared and confirmed earlier.
But this is going to be so costly because you would need such large amounts of SPR.
That means, if we have the 20k SPR guy, who wants to switch to 20x 1000 SPR MNs, if he wanted to skip the confirmation time for those 20 MNs, he would need to own atleast 40k SPR in total.
January 29, 2015, 05:31:42 PM
You're right, this is going to be an insane game of economics and human behavior.
Absolutely.
Imagine someone having an MN with 20k SRP.
He recieves 1 payment a day.
He may be sitting on top of everybody else, having 1439 smaller MNs below him.
Let's call that his condition 1.
Now he decides to split those 20k SPR into 20 x 1000 SPR nodes,
so he recieves 20 payments a day,
plus kicks the lowest 19 people out of the race. How mean.
Let's call that condition 2.
Then he decides to split those 20 nodes into 100 x 200 SPR nodes,
so he recieves 100 payments a day,
plus kicks the lowest 99 people out of the race. Now that's diabolical.
Let's call that condition 3.
Then he stays in condition 3 for 24 hours, and slowly goes back to condition 2 the next day, and then condition 1 again.
My god, could such a thing be automatized and repeated over and over again?
Yep... implications? A lot of naive people wising up and improving their strategies, so that 20k SPR guy can't play this game again next time. Or atleast make it harder for him.
Imagine condition 3: dude's earning what 200 SPR or so per day and can either plop it down on another mn or cushion his other mn's.
This is gonna be nutty.
January 29, 2015, 05:30:09 PM
It's much more complicated than that though. Because if you stop an existing masternode, you then have to go through the election process again once you restart during which time you're not getting paid and go to the end of the line.
What I'm wondering is if we have 1400 masternodes with 101+ SPR and 40 with 100 SPR, when another 101+ SPR masternode is added, which of those 100 SPR masternodes gets booted since they all have the same number of SPR?
What I'm wondering is if we have 1400 masternodes with 101+ SPR and 40 with 100 SPR, when another 101+ SPR masternode is added, which of those 100 SPR masternodes gets booted since they all have the same number of SPR?
January 29, 2015, 05:25:12 PM
You're right, this is going to be an insane game of economics and human behavior.
Absolutely.
Imagine someone having an MN with 20k SRP.
He recieves 1 payment a day.
He may be sitting on top of everybody else, having 1439 smaller MNs below him.
Let's call that his condition 1.
Now he decides to split those 20k SPR into 20 x 1000 SPR nodes,
so he recieves 20 payments a day,
plus kicks the lowest 19 people out of the race. How mean.
Let's call that condition 2.
Then he decides to split those 20 nodes into 100 x 200 SPR nodes,
so he recieves 100 payments a day,
plus kicks the lowest 99 people out of the race. Now that's diabolical.
Let's call that condition 3.
Then he stays in condition 3 for 24 hours, and slowly goes back to condition 2 the next day, and then condition 1 again.
My god, could such a thing be automatized and repeated over and over again?
Yep... implications? A lot of naive people wising up and improving their strategies, so that 20k SPR guy can't play this game again next time. Or atleast make it harder for him.
January 29, 2015, 05:07:47 PM
I took a hack at trying to figure out what the average mn size might be in SPR given 1440 risk possible MN's.
Since there are currently 1.71 million SPR in circulation and since most holders want to have as many mn's as is possible given total holdings this would imply an average SPR per mn of about 1190 SPR.
Now the distribution of 1440 mn's, if it is similar to the testnet, will be overall similar in size with gradual increases and decreases.
So if you assume a gradual increase and decrease of about 10 SPR in either direction per 100 mn's until all coins in circulation are used up you get a total range of 1120-1260.
The biggest wildcard here will be exactly what % of total coins in circulation will be in mn's... There's no way it'll be anywhere close to 100%, at least not this early in the game.
JL
Since there are currently 1.71 million SPR in circulation and since most holders want to have as many mn's as is possible given total holdings this would imply an average SPR per mn of about 1190 SPR.
Now the distribution of 1440 mn's, if it is similar to the testnet, will be overall similar in size with gradual increases and decreases.
So if you assume a gradual increase and decrease of about 10 SPR in either direction per 100 mn's until all coins in circulation are used up you get a total range of 1120-1260.
The biggest wildcard here will be exactly what % of total coins in circulation will be in mn's... There's no way it'll be anywhere close to 100%, at least not this early in the game.
JL
Any comments?
I think we will see a very unsymmetrical distribution of SPR amounts.
The fewest MNs at the top (with high amounts of SPR), and the most MNs around the bottom (with low amounts of SPR).
The drive to always decrease your SPR amount close to the absolute minimum of 100 SPR will never go away!
Even if all your MNs have 1000 SPR in them, everyday you will think about all the profit that you are missing by NOT splitting them up into smaller entities.
And everybody else will have the same thoughts in his head!
The profit incentive is insane, because we are talking about a profit multiplication with every division.
You're right, this is going to be an insane game of economics and human behavior.
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