Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 292. (Read 810099 times)

It seems some Darkcoiners are upset that we're badmouthing them.  I haven't seen it in this thread, but I have pretty thick skin and sometimes miss such things.  If you have been, please stop, there's no need to and doesn't help the cause.  This of course doesn't mean you can't discuss what you feel Darkcoin is doing wrong or SPR can do better/different.

Examples:

"Darkcoin is a shitcoin" - Bad
"Darkcoiners are idiots" - Bad
"Due to reference nodes, Darkcoin is centralized.  Spreadcoin can improve upon that."  - Good
"MyFarm is one sexy bitch" - Good

Thinking on more.

The higher the marketcap of spreadcoin you would think the higher barrier to entry into spreadnodes.

Say SPR marketcap is $1,000,000,000 - 10,000,000 SPR supply - 1 SPR = $100

The demand for tiny transactions like 0.005($0.50) will be huge. We will need masternodes that have like 0.01spr in them to mix only 0.001 denominations.

We will also need MN's that have hundreds of SPR for larger transactions.

But the masternode network will have to select a node which can handle the transaction size and pay accordingly.

Say you(as a MN operator) only want to denominate 0.001 transactions, you only receive a tiny mining fee because of the small transaction, but the masternode only costs you 0.1SPR($10).

If you store more coins in a wallet and a big fat whale wants to denominate/send a large amount of coins he pays the large node relative to the transaction size (Much more than the 0.001 transaction MN would get paid).

So i can see it being very easy for new people to enter the market for as little as $10 if the market cap was $1 bil.
Depending how many decimal places a masternode can denominate down to, it could theoretically cost penny's to operate a MN!

This will create a huge market place of price discovery as people try to figure out the maximum amount of coins to leave in a wallet! For example, i leave 5spr in a MN but only denominate/process 0.001 transactions. If the MN is profitable enough to justify having 6spr in their, then someone will do it and boot me off. Taking coins out of the system, making my coins more valuable, by the way. But if it become's unprofitable for me to hold 6 coins in one MN to only denominate 0.001 transactions i will withdraw 1-2spr to become more profitable elsewhere, but by me doing this i reduce the barrier to entry.

Does that make sense to anybody? Because i know how bad i am at dicribing something  

Running both DRK MN and SPR MN on the same VPS is really exiting.
Profit doubles with the same renting VPS cost. 

Only satoshi knows.... aaaAAAAAAAAaaaaaa!

This is the thing... No one knows....


ooooOOOOOooooo

Edit: The question is, what's the maximum amount of MN's allowed?

So any idea about how much coins per MN? Just a guesstimate.

Man, like i said earlier Darkcoin with a $9billion market cap would make a masternode cost $300,000! That's a gerantee. This is the barrier to entry to end all barriers to entry!

You cannot guarantee what a masternode would cost if spreadcoin had the same market cap. You have no idea, only speculations. But i can 100% say that if darkcoin had a $9bil cap, a masternode would cost $300,000.

And again, it all comes down to what the max MN amount is. I'd have problems if it was set to 1000 for example. I would be more in your camp, but at 3-4000 MN's i don't see a group of individuals controlling enough coin supply to corner the market, its impossible.(Unless the government came in with $10billion and just made everyone here(including MrSpread) a millionaire).  

Ofcourse we agree.

Earlier you said something about too many MNs creating too much bloat in the network.
At which point does this become a problem?
Does this also depend on "how active" those MNs are?

Hey, you already reduced the transaction size by creating COMPACT TRANSACTIONS (I read your whitepaper).... you will probably not stop there, right?  

I see your point. What I meant is that total cap is just an arbitrary number, for some coins it is billions for some just a few millions and it depends on unit of measurement.
If there are 1000 MN then you need 0.1% of total supply to reach state of untouchability regardless of the total supply.
If there are 10000 MN then you need 0.01% of total supply to reach state of untouchability regardless of the total supply.

That explains the buying spree yesterday 

Bingo! That's a big reason why I built a position in SPR a couple weeks back - I'm sure others will realize sooner than later ;-)

thx,I'll try it with drk mn

You can buy one on https://www.bitcoincloud.eu/ for less than 0.03 btc. You don't need to tell them any personal info at all, just your email address.

Just don't click "reset root password" because I clicked it and it didn't tell me what it got reset to. So now I need to contact support. :/

the $5 VPS on vultr.com is enough for you to run 2 instances.
 

Very good point! I haven't even thought about that yet.
And you say an average server usually has enough capacity to run two instances side by side? (Assuming both darkcoin and spreadcoin reach similar traffic)

I think yes!

Mr. Spread, have you thought about percentage of block reward that will go to masternode owners and percentage that will go to miners?

I'm curious how many Darkcoin masternode owners have realized that they will be able to run a Spreadcoin masternode on the same VPS instance and increase their monthly ROI because of it.  The smart ones are starting to stock up on SPR now at cheap prices.  It makes little sense not to run both.

With that said, you SPR investors that haven't bought 1000 DRK?  It's not a bad idea at these prices IMO.

If only I knew who Mr. Spread was when he said this to me... I might have 50k spr.

Shouldn't they relate atleast in some way?

For example, if we know that we will never have more than 20 Million coins, and we also assume that say no more than 50% will ever be locked in Masternodes... shouldn't those resulting 10 Million coins locked in masternodes serve as a guideline of how many MN we should maximum allow?

10 Million coins / 1000 MN = 10k SPR per MN (to reach a state of untouchability)

10 Million coins / 10k MN = 1000 SPR per MN (to reach a state of untouchability).

When I say untouchability I mean the amount of SPR your MN has to have so that NO OTHER MN can possibly take its seat away.

I am not sure if you read the last dozen posts I spouted out earlier, lol. I explain everything there.

Not yet.

Coin supply and max number of masternodes are unrelated.