Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 20. (Read 810025 times)

Afterwards I named that address "DO NOT USE - youtube"

Thanks coins101, is the video what you expected, better or worse?

Edit:
What do you mean links to download areas?  Like, the website(s)? (I added them now)
I can put annotations with download links to the wallet and miners on the screen if you want.

Honestly I think the best way to get anyone involved in any type of cryptocurrency is the Torrenting options. Set up a trust system enabled torrent service app from SpreadNodes, and you hit the people that are interested in technology, but not so indepth as to be learned on cryptocurrencies.

Simplicity is 100% the key.

Personally, I think the lock is outside crypto land. This altcoin bubble has great technical development but is paralysed opportunist scammers.

If you want (and I do want) average Joe to be involved, you have to take SPR to them. Going after the same crypto enthusiasts is myopic at best, cannibalistic at worst.

Simplicity is 100% the key.

Personally, I think the lock is outside crypto land. This altcoin bubble has great technical development but is paralysed opportunist scammers.

If you want (and I do want) average Joe to be involved, you have to take SPR to them. Going after the same crypto enthusiasts is myopic at best, cannibalistic at worst.

-snip-
simplicity is the key ... now where the hell is the lock ...

the spr community is a good one ... passionate and positive ... i like it ...
-snip-
#crysx

"Long term? Seriously?"

Yes. 100%.

Short-termism is shitcoinsim.

I have previously defined shitcoinism as:

noun, devoted love, support, and pack hunting for one's shitcoin. technology development zero.

If you think you  can build something sustainable in a few months, or a year, then you've never worked on a real project before.  As you say, look at Bitcoin: that is still in beta since 2008/09.

I do, however, like miners like you (sweeping assumption coming). You provide liquidity when others mine and hodl or people invest and hodl.

Miners on projects such as SPR are very, very welcome. Why? Well, unlike the Nr.1 loser, Litecoin (I could never understand why aspiring to being Nr.2 was held up as an aspiration), we won't have thousands and thousands of coins spewing out every day and being dumped on the markets by miners to pay for costs.

At some point miners will get their rewards cut, or they should, in order to give extra incentives to servicenode holders - to start with.  Sir Crouton will tell you that he thinks miners should get zero rewards and be cut out of the equation altogether - all the rewards should go to servicenodes who will end up supporting the network. I have disagreed with this view since it was first aired as miners are still needed in the background to provide a second tier of network security, as well as liquidity. But the solo mining emphasis brings an extra dimension to the future plans and prospects of SPR.

Plans and future optimism (i.e. not shitcoinism)

There is no point competing with Bitcoin. And there is no point competing with DASH, which is competing with bitcoin.

In the pursuit of a valuation equalling bitcoin, I think you have to come up with an alternative plan to direct competition. I think you have to create an eco-system that itself is in demand rather than producing a simple currency that will never be used as a currency without an inherent reason.

For that to become clearer, I have been informed we will have to wait until mid next week.

Later today I will provide a mini update, as we thought the new ANN was going to be up by this weekend.

Second part of bounty, incoming.

You might want to put some links to download areas.

Also, think about your wallet security, now you've shown everyone your private key  

-snip-
long term? ... seriously? ... one can plan and plan and plan then make inroads to implement these plans - only to be stopped short because the ruling bodies ( yes - government mainly ) has placed a piece of legislation doing one thing or another ... or has china not taught us anything at all? ...

plans and long term optimism is great ... REALITY and the functionality of what spr brings to the table is another ...
-snip-
#crysx

Good luck finding sympathy in here...

The more people solo mining the better! It gives SPR alot of its value, you know the very thing your mining? Or don't you care for SPR's long term value/network?

not one that will do much for effort put in for a farm owner like me ...

Good answer, nice to get some mature discussion going ... aaaand I'm glad you asked me that question

Where Spreadcoin is now reflects Mr Spread’s original notions (emphasis mine):

I want to make this coin for solo only mining without any pools (mining will be made in a such way that miners will be able to consistently steal money from the pool). With blocks generated every minute even with thousands of miners you will still be able to get block once in several days (if you have average hashing speed). There will be no concentration of mining power in large pools as in Bitcoin and there will be no multipools. We can than advertize it as being more decentralized than Bitcoin. Mining will be more like a lottery which may be more interesting or in contrary distract people form mining (however, if you mine for long time than you don't actualy need any pools).


and


The general idea is ...
Given all this I don't expect that anyone will create a pool. But if someone will then I will modify whatever miner software will be used for it to implement the stealing described above, we may expect that most pool miners will then switch to this cheating version which will make this pool useless.



That is true to a large degree and it's possibly the reason that the one-sided nature of the perspective is so easily overlooked. For me, there are several readily-identifiable communities directly involved, usually interdependently but each with their own set of objectives, some of which are in tension with another sector's objectives. There are (broadly) miners, investors, speculators, supporters and merchants. And, as you observe, we're in phase 1, a long way to go before, e.g. Spreadcoin denominates someone's paycheck.

Speculators want instability in exchange rates, it's their prime opportunity to earn. Investors typically play the long game looking for consistent stable growth. Merchants hate speculative exchange price instability because it plays merry hell with their prices. Miners are okay with or without stability, just as long as the coin remains profitable to mine. Unfortunately that profitability is at the mercy of exchange rate speculation. atm, supporters don't often have cause to care much about the exchange rate as it has little effect on their intra-currency trading (except for causing wild swings in merchants' prices) but they do need a wide range of engaging opportunities to acquire small amounts of the coin and to disburse small amounts, ditto.

For a coin to have any chance of long-term success there must be a balance maintained between the objectives. If any one group gains dominance that's pretty much it for the coin; the dominant group will promote its agenda at the expense of the other groups which will then start haemorrhaging members.

There've been around 2160+ altcoins launched so far. The scant number of successes can be counted on one hand, if one is generous about a definition of success. I see this as eloquent testimony that achieving a sustainable balance is nigh-on impossible.

Bring a necessary balance.


Yes, that's typical elsewhere but has been far less so with Spreadcoin. Freedom from the vagaries of overwhelming multipool influence seems to lend a stability to Spreadcoin. I'm aware that, pedantically, the “no pools” phrase has been demonstrated false but a point-scoring attitude sadly fails to acknowledge the essential success of Mr Spread's broad aim in sheltering the coin from megapool influence. fwiw, I believe that's the general perception and why there is so much residual support for the coin; there are only a few people motivated to adopt a pedantic criticism, most others will appreciate the success of the overall aim - “no concentration of mining power in large pools”.

There's so little hard data about the community that it's impossible to determine whether this perception of Spreadcoin being a more equitable coin is just that, a perception and no more --- or whether it is a reality (arising from the consensus perception, ofc), in which case there's an emergent brand value, right there. The freedom from multipool influence is undeniably now an actual part of Spreadcoin's historical narrative, part of the heritage of the coin and part of its story (c.f. fallingknife's blueprint). Crucially, the “no large pools” aim is a rare pro-balance influence.

It's oblique but ... Spreadcoin is seen as giving the little guy more of a chance because of what “no pools” betokens of the coin.


Cheers

Graham

Shit this is going crazy

Humm, i mentioned this in a previous comment.

When SPR's network was at 5GH, only around 50MH was from pooled mining. The rest (as far as i'm aware) was solo mining.

I don't think anything needs changing, the majority of people will continue to solomine SPR.

IMO the more solo the better. Adds more decentralization/value to the network and more nodes.

spirit SpreadCoin...

https://www.youtube.com/watch?v=46Tr_cmY1Bo

 

Why would you tell us?