[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 282.

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: defunctec on January 11, 2015, 06:54:43 PM

Just the act of buying SPR helps MrSpread and Spreadcoin's development.

I'm all in faver of raising capital for the project, but can't we figure something out that's more economical than raising 100k SPR? I just can't see it happening?

You guys only need to raise 74,000. I'll cover the rest.

It means everyone giving less than 5% of their SPR to ensure we are well positioned for the future.

DavidR

member

Activity: 65

Merit: 10

I'll donate 1000 SPR to the fund.

Quote from: defunctec on January 11, 2015, 06:54:43 PM

Quote from: MyFarm on January 11, 2015, 05:55:58 PM

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Fair enough. My suggestion would be for you to start an address now that we can send coin to. It's much easier to talk people into donating when the coin is in its early stages like Spread is.

A good initial war chest would be $1,000,000. Looking at a forward valuation of $10.00 per coin (I expect SPR to go well beyond that) that means 100,000 SPR.

If you setup an address, I will donate the first 1,000 SPR and once 75,000 SPR are donated, I will donate an additional 25,000 to bring it up to 100,000.

Just the act of buying SPR helps MrSpread and Spreadcoin's development.

I'm all in faver of raising capital for the project, but can't we figure something out that's more economical than raising 100k SPR? I just can't see it happening?

We keep talking about ideas, we back MrSpread and give him input/feedback, we shout and scream about Spreadnodes/instantx as they land and all will be well Cheesy

touch wood.

You should write the prospectus and marketing plan for SPR.

"Dear investors, we are going to shout and scream about Spreadcoin please invest lots of money thank you"

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: MyFarm on January 11, 2015, 05:55:58 PM

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Fair enough. My suggestion would be for you to start an address now that we can send coin to. It's much easier to talk people into donating when the coin is in its early stages like Spread is.

A good initial war chest would be $1,000,000. Looking at a forward valuation of $10.00 per coin (I expect SPR to go well beyond that) that means 100,000 SPR.

If you setup an address, I will donate the first 1,000 SPR and once 75,000 SPR are donated, I will donate an additional 25,000 to bring it up to 100,000.

Just the act of buying SPR helps MrSpread and Spreadcoin's development.

I'm all in faver of raising capital for the project, but can't we figure something out that's more economical than raising 100k SPR? I just can't see it happening?

We keep talking about ideas, we back MrSpread and give him input/feedback, we shout and scream about Spreadnodes/instantx as they land and all will be well Cheesy

touch wood.

defunctec

legendary

Activity: 1092

Merit: 1000

Quote from: hack_ on January 11, 2015, 06:14:26 PM

Spreadx11? Any whitepaper?

http://spreadcoin.net/files/SpreadCoin-WhitePaper.pdf

hack_

hero member

Activity: 501

Merit: 503

Spreadx11? Any whitepaper?

zdminer

newbie

Activity: 39

Merit: 0

Quote from: MyFarm on January 11, 2015, 05:55:58 PM

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Fair enough. My suggestion would be for you to start an address now that we can send coin to. It's much easier to talk people into donating when the coin is in its early stages like Spread is.

A good initial war chest would be $1,000,000. Looking at a forward valuation of $10.00 per coin (I expect SPR to go well beyond that) that means 100,000 SPR.

If you setup an address, I will donate the first 1,000 SPR and once 75,000 SPR are donated, I will donate an additional 25,000 to bring it up to 100,000.

I have donated 100 SPR to Mr. Spreads address SjWJ7wfE9Ki4Z8BQxZa3xDb4DQEoX5iJ7M 20 days ago
tx: 9165a4c63b2eecd0ff0948b3d65dc3ec36a7d7232d3dc440f16f8979d6421043
And I will donate another 500 SPR if donations reach 20000 SPR

NoobKidOnTheBlock

hero member

Activity: 770

Merit: 500

FLY DONATION ADDRESS IN SIGNATURE

Quote from: thelonecrouton on January 11, 2015, 06:05:47 PM

MyFarm doesn't mess about. Grin

I'll promise 500.

Ya I'm starting to notice that lol Man what I wouldn't give to be a whale even if just for a day or two lol

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: MyFarm on January 11, 2015, 05:55:58 PM

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Fair enough. My suggestion would be for you to start an address now that we can send coin to. It's much easier to talk people into donating when the coin is in its early stages like Spread is.

A good initial war chest would be $1,000,000. Looking at a forward valuation of $10.00 per coin (I expect SPR to go well beyond that) that means 100,000 SPR.

If you setup an address, I will donate the first 1,000 SPR and once 75,000 SPR are donated, I will donate an additional 25,000 to bring it up to 100,000.

MyFarm doesn't mess about. Grin

I'll promise 500.

NoobKidOnTheBlock

hero member

Activity: 770

Merit: 500

FLY DONATION ADDRESS IN SIGNATURE

Quote from: MyFarm on January 11, 2015, 05:55:58 PM

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Fair enough. My suggestion would be for you to start an address now that we can send coin to. It's much easier to talk people into donating when the coin is in its early stages like Spread is.

A good initial war chest would be $1,000,000. Looking at a forward valuation of $10.00 per coin (I expect SPR to go well beyond that) that means 100,000 SPR.

If you setup an address, I will donate the first 1,000 SPR and once 75,000 SPR are donated, I will donate an additional 25,000 to bring it up to 100,000.

Geez someone has got a stash of SpreadCoin going on Wink

I can't wait to get some more BTC so I can purchase some more at these prices

I'm definitely in this coin for the long haul without a doubt

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Fair enough. My suggestion would be for you to start an address now that we can send coin to. It's much easier to talk people into donating when the coin is in its early stages like Spread is.

A good initial war chest would be $1,000,000. Looking at a forward valuation of $10.00 per coin (I hope for SPR to go well beyond that) that means 100,000 SPR.

If you setup an address, I will donate the first 1,000 SPR and once 75,000 SPR are donated, I will donate an additional 25,000 to bring it up to 100,000.

Gladimor

legendary

Activity: 1050

Merit: 1000

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Well said, Mr. Spread

I'm fairly certain that once SpreadCoin goes mainstream, the donations will come flowing in, to make SpreadCoin even better. Look at Monero's development team, for example; they have received around 50 BTC in donations last year.

I've been silently following SpreadCoin since November last year, and must say that SpreadCoin is basically what Satoshi Nakomato wanted BitCoin to be- fully decentralised, without pools. If anything, this coin is going to be big Wink

NoobKidOnTheBlock

hero member

Activity: 770

Merit: 500

FLY DONATION ADDRESS IN SIGNATURE

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

Very well put Mr. Spread

You definitely know what needs to be done with this coin and continually keep proving that you are in this for the long haul and I'm very glad to have stumbled upon this nice "SPREAD" Wink

I can't wait to hear updates on the latest features that you will be launching for this fantastic coin

Cheers

shojayxt

legendary

Activity: 896

Merit: 1001

Quote from: Mr. Spread on January 11, 2015, 05:00:00 PM

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

As you should be.

Foundation = centralization

Centralization:

The concentration of administrative power in a central government, authority, etc.

You've decentralized the mining aspect of the coin by negating the mining pools. No need to change that mindset with other aspects of the coin.

Mr. Spread

full member

Activity: 210

Merit: 100

I'm against giving part of the block reward to any foundation, this is like premine. No matter how transparent it would be it would still look unfair to many people. The better way is donating.

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: e1ghtSpace on January 11, 2015, 03:14:46 PM

Quote from: thelonecrouton on January 11, 2015, 02:39:42 PM

Quote from: DavidR on January 11, 2015, 02:13:42 PM

At first I didn't like myfarms proposal of a masternode ranking algorithm that took into account ISP instead of just number of SPR. But after reading this, i'm liking the idea more --

Quote from: Longenecker on January 10, 2015, 10:41:39 PM

https://twitter.com/petertoddbtc/status/554005770493521920

Peter Todd: "With Bitstamp on Amazon AWS, there's a high probability that some Three Letter Agency has a copy of their databases; expect zero privacy."

Aren't most of DRK Masternodes on Amazon AWS?

Quote from: oblox on January 10, 2015, 10:48:27 PM

16% give or take.

The trouble with a ranking algo is that it will almost certainly be possible to game it, and it's going to be difficult to come up with a 'fair' set of conditions and weightings.

Far simpler and less overhead to just limit the number of Masternodes on any given IP subnet.

Code:

if (adding this MN exceeds the max allowed 5% on this subnet):
     display error: "There are too many Masternodes on , please choose another provider for the security of the network."
     exit
else:
     accept new Masternode

edit: it would be really nice to also have a Masternodes tab in the wallet, displaying MN count and distribution. (hint hint gjhiggins - you seem pretty nifty with c++/QT.

)

That'd be really cool. I totally would like to see that implemented into the wallet.

Agreed. I'd be willing to contribute to a bounty fund when the time comes.

e1ghtSpace

legendary

Activity: 1526

Merit: 1001

Crypto since 2014

Quote from: thelonecrouton on January 11, 2015, 02:39:42 PM

Quote from: DavidR on January 11, 2015, 02:13:42 PM

At first I didn't like myfarms proposal of a masternode ranking algorithm that took into account ISP instead of just number of SPR. But after reading this, i'm liking the idea more --

Quote from: Longenecker on January 10, 2015, 10:41:39 PM

https://twitter.com/petertoddbtc/status/554005770493521920

Peter Todd: "With Bitstamp on Amazon AWS, there's a high probability that some Three Letter Agency has a copy of their databases; expect zero privacy."

Aren't most of DRK Masternodes on Amazon AWS?

Quote from: oblox on January 10, 2015, 10:48:27 PM

16% give or take.

The trouble with a ranking algo is that it will almost certainly be possible to game it, and it's going to be difficult to come up with a 'fair' set of conditions and weightings.

Far simpler and less overhead to just limit the number of Masternodes on any given IP subnet.

Code:

if (adding this MN exceeds the max allowed 5% on this subnet):
     display error: "There are too many Masternodes on , please choose another provider for the security of the network."
     exit
else:
     accept new Masternode

edit: it would be really nice to also have a Masternodes tab in the wallet, displaying MN count and distribution. (hint hint gjhiggins - you seem pretty nifty with c++/QT.

)

That'd be really cool. I totally would like to see that implemented into the wallet.

daddeo

full member

Activity: 129

Merit: 100

Quote from: MyFarm on January 11, 2015, 02:30:36 PM

Quote from: thelonecrouton on January 11, 2015, 02:20:47 PM

Investment means having a plan, and having the resources to carry it out.

Exactly. Having the resources to carry it out is huge. At some point larger, sophisticated investors are going to be looking at SPR. They will want to see a gameplan and the means to implement that gameplan. If the gameplan contains, "We'll develop X when an additional competent developer volunteers their time and market to Y when a good marketer volunteers their time" then that investor will likely head elsewhere. But if that investor sees that Spreadcoin has planned ahead and that it has the means to bring such people to the team because it was smart enough to establish a fund, then they will dig deeper and kick the tires some more.

"Good technology/lead developer AND business sense? Interesting, I need to learn more..."

Excellent insight! I'm not sure how one would best implement this plan of action that would be fair to all parties, but the idea is sound in my humble opinion.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: DavidR on January 11, 2015, 02:13:42 PM

At first I didn't like myfarms proposal of a masternode ranking algorithm that took into account ISP instead of just number of SPR. But after reading this, i'm liking the idea more --

Quote from: Longenecker on January 10, 2015, 10:41:39 PM

https://twitter.com/petertoddbtc/status/554005770493521920

Peter Todd: "With Bitstamp on Amazon AWS, there's a high probability that some Three Letter Agency has a copy of their databases; expect zero privacy."

Aren't most of DRK Masternodes on Amazon AWS?

Quote from: oblox on January 10, 2015, 10:48:27 PM

16% give or take.

The trouble with a ranking algo is that it will almost certainly be possible to game it, and it's going to be difficult to come up with a 'fair' set of conditions and weightings.

Far simpler and less overhead to just limit the number of Masternodes on any given IP subnet.

Code:

if (adding this MN exceeds the max allowed 5% on this subnet):
     display error: "There are too many Masternodes on , please choose another provider for the security of the network."
     exit
else:
     accept new Masternode

edit: it would be really nice to also have a Masternodes tab in the wallet, displaying MN count and distribution. (hint hint gjhiggins - you seem pretty nifty with c++/QT.

)

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: thelonecrouton on January 11, 2015, 02:20:47 PM

Investment means having a plan, and having the resources to carry it out.

Exactly. Having the resources to carry it out is huge. At some point larger, sophisticated investors are going to be looking at SPR. They will want to see a gameplan and the means to implement that gameplan. If the gameplan contains, "We'll develop X when an additional competent developer volunteers their time and market to Y when a good marketer volunteers their time" then that investor will likely head elsewhere. But if that investor sees that Spreadcoin has planned ahead and that it has the means to bring such people to the team because it was smart enough to establish a fund, then they will dig deeper and kick the tires some more.

"Good technology/lead developer AND business sense? Interesting, I need to learn more..."

MyFarm

hero member

Activity: 854

Merit: 1000

Quote from: DavidR on January 11, 2015, 02:13:42 PM

At first I didn't like myfarms proposal of a masternode ranking algorithm that took into account ISP instead of just number of SPR. But after reading this, i'm liking the idea more --

Quote from: Longenecker on January 10, 2015, 10:41:39 PM

https://twitter.com/petertoddbtc/status/554005770493521920

Peter Todd: "With Bitstamp on Amazon AWS, there's a high probability that some Three Letter Agency has a copy of their databases; expect zero privacy."

Aren't most of DRK Masternodes on Amazon AWS?

Quote from: oblox on January 10, 2015, 10:48:27 PM

16% give or take.

Yep. For those that want decentralization and more security, it makes a lot of sense in my mind.

Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 282. (Read 810083 times)