Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 294. (Read 810083 times)

what the requirement of VPS do I need? like CPU,mem,disc space,brandwidth,etc.

I am not sure, man... lol I feel a little bit weird, not sure if crazy or just maniacally euphoric. 

Now let's assume I am an angry whale who doesn't like all the newcomers who enter the game and kick my servers down to a lower rank, and possibly out of the game.

The only thing such a whale can do, is invest more SPR in his servers, but to do so, he will have to sacrifice a few of his seats!  

Suppose I have 1 Million SPR, and 1000 MN with 1000 SPR again. Very easy for newcomers to grab a seat, obviously.

Now, the moment I start securing my MNs by moving their SPR deposit up to say 10k, I will have to take those SPRs from somewhere, and since all my money is tied in my MNs, I will have to sacrifice some WEAK MNs, to create a few VERY STRONG MNs...

Maybe do a little bit of both... keep a few strong MNs nobody can touch... and play around with a few weak ones which constantly strive to stay alive but create a lot of profit if they succeed.

What DMs will basically do all the time is trying to STAY ALIVE, while having the best party of their life:

https://www.youtube.com/watch?v=I_izvAbhExY

It is f*&%#@g brilliant!

Or we are bat shit crazy? Only the implementation and time will tell 

And now let's make a more difficult example:

An early adopter whale is a little wiser and has 1 Million SPR in his control. (which already the distribution shows is impossible, but let's just continue.)

So what he does is, he creates 1000 MNs with 1000 SPR each. He's a darkcoiner gone Spreadcoin obviously.

Now if I am a newcomer, what can I do to enter the game?

Well, obviously I just have to invest 1001 or more SPR to take over one of the whales seats.

All other newcomers can do the same: they just have to invest just 1 SPR more than ANY SEAT they desire to overtake, and they can reduce any lower ranks by one!
Always kicking the last one out of the game, and reducing everyone below them 1 rank.

----

Probably the best way how you can setup your mutiple nodes will be to SPREAD them over multiple ranks.

Have one of them be very expensive, e.g. 5000 SPR, the next one 4500 SPR, then 4000 SPR, 3500 SPR, etc...
But still, all this will just help you to have a little bit more security against losing your seat, while maximizing your profit.
But you will NEVER be able to restrict newcomers from entering the market, and this is brilliant.

Id also like to add that unlike mining it cannot become centralized due to the sheer amount of SPR you would need to be in position of monopoly.

VPS only cost $5 a month...

Not a problem

Let's just look at it more closely.

So I am an early adopter and also have many servers in my control (which costs a lot of money).

I think I am a wise guy and start 1000 MN since they only cost me 1 SPR each. (lets forget for a moment that you will probably pay 30-50k $ a month for all those servers, not including the manpower to manage them)

What happens in the next minute:

A guy who is a little wiser than me, (but still pretty stupid) starts grabbing MN seats away by investing 2 SPR each.

But already we see wiser guys who invest 500 or 1000 SPR per MN because they have something called "foresight". They know that when they invest too little they will have to do everything again in short time.

Slowly new people enter the game and the price increases.

I don't doubt that for the first few days and weeks everybody will want to setup a MN basically for free, because you just have to rent a server. There are enough MN seats free for thousands of servers.

But watch what happens after ALL SEATS ARE OCCUPIED! 

This whole mechanism will work EXACTLY like you would expect it from mining: the first miners have it VERY EASY, they mine tons of blocks, until more and more people join the coin and start mining too... that's when the competition kicks in.

Let's make Masternodes play the game like everybody else has to.
Enough with those privileges and exceptionalism.

I have no VPS and can't participate in this game 
Is it possible to run a DM with my home PC ?

Hmm... I think crouton might be correct - with variable pricing and a hard limit on MNs (let's say 1000), an early adopter whale could possibly monopolize the network. By investing in hundreds of MNs, she could rake in a bigger passive income than anyone else and re-invest those earnings into her MN network, making it increasingly harder for any latecomers to join in, especially if the price keeps rising (as we all expect it to!).

One thing I like about DRK's MN network is that I don't have to worry about getting kicked out - as long as I have 1000 DRK I am guaranteed a masternode. Yeah, it's expensive, but it's worry free. Nor do  I think that makes me lazy or inactive; by maintaining my MNs, I am providing mixing services as well as reducing coin supply. Even if a whale has 10x more MNs than me, I still have a slice of the pie.

On the other hand, screw it - this is an interesting experiment, and we won't know the answer until we give it a shot. DRK already has a fixed price MN system; SPR's system could show us what the alternative would look like, for better or for worse! 

Currently and for the next few days I am working on darkcoin related cartoons for the upcoming 1 year anniversary of darkcoin.
When this is finished, I will concentrate more on spreadcoin cartoons for a while. ;-)

Awesome! I can't wait! I will spread some love once you've posted

Brilliant. I thought about SPR spermmen and have a few related memes in preparation. I promise you will laugh your ass off.
I will use those spermmen (half a SPR logo, 1 logo = 2 sperm men) to show how they spread around, how they solo mine (and show how "perverted" it is when bitcoin pool mines), how they become masternodes, etc...
This is going to be so much fun.

I'm loving this discussion on the DM's and the way that people are portraying for it to work I really am glad to see this type of work and ideas and concepts being put towards such a great project Kudos

I have an idea for a meme! A stock floor covered in mini SPR spermmen all screaming to buy their "share" in the MN list.

Buy just 1 GPU and let it mine when your PC is on. Have 1000s of people do that.

Have Mr.Spread's Brain find solutions to reduce CPU/GPU hashrate SPREAD.

Exactly, it's so easy to spot a bad idea:

Does it allow for competition? Good idea.
Does it restrict competition? Bad idea.

Does it create decentralization? Good idea.
Does it create incentives for centralization? Bad idea.

We need market forces, not people who decide for us. Let market forces decide what is best for all of us. That's the spirit of the free market. Anarchistic but beneficial for everybody EXCEPT the central scrutinizers who want to rule over everybody else.  

We will soon be testing this, and if - as I predict - a MN requirement starts at 1 SPR, we don't even need to make the extensive tests on the testnet alone (where only a few people participate).
We can direcly go live (after preliminary tests on the testnet) because what is there to lose if you can run a MN with such a ridiculously low amount of 1 SPR?
It's not like we will have 1000 Masternodes setup in 1 week.... or ARE WE? Since they are so cheap? Holy Spreadonia!

The people themselves will decide how secure they think the development version now is, and how much SPR they want to have exposed.

Another thing that SPR could do completely different than DRK.

I could be wrong though, it makes sense to first test everything in a testnet, but that's the thing: you never get a real life situation out of a testnet, so it never is 100% reliable for debugging... darkcoin has shown this many many times)

There's no pools that's a good think.

But if you don't have a GPU Farm you can't mine it either...

So what's the deal about being decentralization if you don't support who has no money to invest in a GPU Farm?

This would lock down the list. No competition to enter the list once its full.
I don't like the sound of that.

It breads a whole new market place. Like miners jumping to different coins for profit (not the best example to give to yourself  ), spr holders will denominate their holdings to the minimum amount they can before getting kicked of the list. And if someone doesn't want all that stress they can just fund their accounts higher, say 1000 and be comfortable in the knowledge your masternode will be live for at least 2 hours   .

It also sets a "fair" market price for entry into the market, weather you like it or not its a free market(with 1 rule(max amount MN preset,thats it.)).

Will big money enter the market and buy up lots of spr? I hope so! I don't worry about a small group buying alot of coins  as i don't think its possible to monopolize the network (going with the figures i presented).