Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 236. (Read 810099 times)

All SourceCode that was written by Evan Duffield is still marked as such. What other attribution (or shall I say glorification) do you need?
And I say "you", I am not adressing anyone else of the darkcoin community (which has a lot of awesome guys and gals)

Hmmm...



There are at least 4 people that I know of who each own more than or close to 7% of all DRK, but only one is left in the rich list as the others have split it up to run Masternodes. Hundreds, each.


What was your point again?

Actually, I love competition and so far, SPR isn't a threat (it doesn't have the network, the hash power, the market cap, the team size (talent pool), the distribution, the volume, and the innovation that DRK already has). Should Mr. Spread create some sort of improvement, I know Evan will use it, but I'm still waiting.

What I do hate is not giving credit where credit is due and the naive nature of nearly everyone in here. I'm going back to lurking until more BS is spewed.

You just hate competition...

I for one love both coins, and think they will be of benefit to each other.

Yeah,man ,perhaps you are right,solo-mining is just like cpu-only stuff,it's just a matter of time to crack it.But that's good ,it means SPR has grown up.

So far, this is nothing more than a glorified clone. The no-pool thing is gimmicky without standing the test of time in terms of whether or not this really will prevent creative pools from mining. Besides, isn't there a miner (or group of miners) that control in excess of 20% of the existing network hash. How is that decentralized? Further, the current distribution coupled with lack of volume only indicates that when the masternodes do come into play, it's going to remain incredibly centralized with only a handful of parties involved. When you have people owning in excess of 7% of the outstanding coins, you have problems. Evan has already done the heavy lifting here, IX code is out on github and has been since November (iirc). People make it seem like Mr. Spread is superior to Evan in terms of ability when there hasn't been anything truly innovative here. The SpreadX11 came from a mistake in playing with the blocktemplate which is currently the sole selling point of this coin. Did he find a potential vulnerability in DRK, sure, but if you have enough eyes looking at various areas of the codebase, you're bound to find bugs and the likes on new code that isn't even a year old. When Mr. Spread actually does something innovative besides taking code that Evan and team has already designed, then I will be interested. Until then, its a glorified clone with a gimmicky idea that hasn't stood the test of time in terms of viability.

Now bring on the haterade.

Why dreamers?

Darkcoin made a powerful masternode network happen in just one year, and this with the quite hefty price tag of 1000 DRK per MN.

SPR masternodes will be more flexible, both in price and in installation requirements.

Plus, the darkcoin people will probably be most interested in running a DRK and SPR masternode side by side... why shouldn't they, if they already have the infrastructure in place?
Sounds like a nice additional profit without any large expenses.

Again, you don't even have masternodes setup as a network to provide tx locking. Are you really going to want tx locking on say 50 masternodes? 100? How many is enough to actually provide viable consensus? People keep talking like IX is right around the corner here, maybe it is, but I question sensibility without any pre-existing infrastructure to support its design. Lots of dreamers here, that's for sure.

So where does Mr. Spread's philosophical 80k/ 1300+ block instamine fit in all this ? Has anyone checked up on it lately ?

Will you be just as understanding if/when pools start privkey mining ? (As if they haven't already.)

Market addition is a good option.

I think it's time to try to add SpreadCoin in a market. 

https://dogeoutlet.com/doge/currencies

This is a good partnership, and can benefit everyone.
Let's try? 

yeah,simplicity and decentralization are the philosophy of Spreadcoin design~

Mr Spread is dealing with a cleaner and simpler system than Darkcoin. There are only two moving parts (regular clients and Masternodes) not three like Darkcoin (pools also) and no Darksend code to worry about yet. Consensus transaction locking is a relatively straightforward concept (not to knock the genius of coming up with the idea in the first place, sometimes the most brilliant ideas are obvious in hindsight) but the devil as always is in the details. It will be interesting to see if and how Mr Spread's implementation of IX differs from Evan's.

Everything will be verified next week end,it wont take long ,let's see~

I highly doubt it.

SPR nodes are not even in testnet yet.

Darkcoin has even had InstantTX running in testnet.  I've sent a few ITXs myself.

Who knows though, maybe Mr Spread has a better way to do it up his sleeve and will beat Darkcoin to it.

Nice, please do tweet him!

Cryptsy informed me that they submitted my coin request to the development team (I guess they tell that to everybody, but let's see what happens).

We don't need to look after price stabilization. Only centralized schemes need to take action to "stabilize a price". We are not Ben Bernanke nor Janet Yellen.
Stabilization will follow naturally if we keep growin organically.


Cutting the supply (if successful) benefits early investors but it punishes new ones, this is only short term thinking to pump and dump a coin.
Not gonna happen. The coin supply follows a well defined deflationary formula. We are not going to adjust that (with a fork!!!) just to "please" early investors.
This coin is not here to "please" investors.
If this coin continues to be succesfull this should be enough profit for any investor (not just the early ones).

Promoting this coin is essential. But nobody needs to be told that, everybody knows that's the next step.
If you want to help this coin, buy it yourself, don't tell other people to pump.  


This coin is not merely about no-pools, it is about true decentralization in general. Everything this coin does will increase decentralization and decrease centralization.
That's why we are reinventing masternodes to serve decentralization/competition, we don't just clone darkcoin.

Your step 2 is wrong on many levels, since new miners want to earn more coins per block, not less!

I did the same...I explained the coin and linked to relevant posts.  Might tweet Big Vern too for the neck of it...

Good idea!

I just did the same. I told them about our growing community, that we have our own forum, and that we have a steady volume of 1000-2000 $ at bittrex.

Let's keep motivating them, they will add us sooner or later.