Author

Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 357. (Read 810099 times)

legendary
Activity: 1722
Merit: 1002
Decentralize Everything
I thought it is a desciption of how of this feature (true decentralization) already works? In my opinion this whitepaper does not describe what is going to be implemented, but what already is implemented. I thought another whitepaper will come when Mr. Spread has reviewed Darkcoin and has decided if and how he will implement Darknodes.

You thought it right. The White paper was written after the fork that implemented those changes. I'm not sure what  stonehedge calls "lightweight", so i'd also appreciate if he explained what he means by that.

The whitepaper is quite detailed for a whitepaper. Keep in mind this is not an academic article, but a business one, so yes, he has to keep it simple so business people (i.e. investors) can understand it. If you need more detailed explanations of the science and technology behind the implementation, i am sure Mr. Spread will be glad to provide it, but that is not the point of a whitepaper.

Whether I read it as an investor or as an IT professional, it still doesn't actually mention many plans of features for the coin.

I really like the idea of decentralising mining.  I would love to see this coin work.  Mr Spread has proven himself to know what he is doing.  Having said that, he hasn't shared much of those plans with the public yet.

On a separate note I tried to mine some Spreadcoins over the last two days but the provided X11 miner only gets 1MH out of a 290x and network hashrate is over 2GH.  I'd be interested to see whether by removing pools this coin has simply created a solo mine arms race.  2GHps of X11 is a lot of GPUs Wink 
legendary
Activity: 1456
Merit: 1000
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest

I think in 2015, we will 100% have a White Christmas in London.
legendary
Activity: 1456
Merit: 1000
Mr Spread knows what he is doing. He is creating a great coin, taking his time to get it right.


That was so motivational.

Thanks for that.
member
Activity: 78
Merit: 10
Darkcoin Ya Bish! (Or Dash if you like)

Also, it probably wise at some point to have a independent person review the health of the mining environment and whether the decentralised approach has strengthened or weakened the coin in reality.


Finally, if the plan still is to implement masternodes and darksend then that infrastructure will need to be in place.

Once there is some substance to this thread who knows how high this coin could go?  Mr Spread has been quick to come to the DRK thread and point out coding inconsistencies and bugs but doesn't seem to be talking too much about plans and development on this thread.

I'm not trying to troll here.  I read this thread because I'm interested in the development of this coin but so far I have seen nothing that makes me want to buy in.  Nothing but vague statements and a lightweight whitepaper from somebody who is clearly a very talented developer.
[/quote]

+100

Absolutely agree! If the mining has any type of backdoor multipool capability this coin is done.  But at these prices and a capable dev as Mr. Spread is proving to be, a couple btc investment is worth the risk.

Edit: Quoted from Stonehedge...sorry brother got backspace happy Wink
legendary
Activity: 2296
Merit: 1170
Advertise Here - PM for more info!
I thought it is a desciption of how of this feature (true decentralization) already works? In my opinion this whitepaper does not describe what is going to be implemented, but what already is implemented. I thought another whitepaper will come when Mr. Spread has reviewed Darkcoin and has decided if and how he will implement Darknodes.

You thought it right. The White paper was written after the fork that implemented those changes. I'm not sure what  stonehedge calls "lightweight", so i'd also appreciate if he explained what he means by that.

The whitepaper is quite detailed for a whitepaper. Keep in mind this is not an academic article, but a business one, so yes, he has to keep it simple so business people (i.e. investors) can understand it. If you need more detailed explanations of the science and technology behind the implementation, i am sure Mr. Spread will be glad to provide it, but that is not the point of a whitepaper.
legendary
Activity: 1092
Merit: 1000
Mr Spread knows what he is doing. He is creating a great coin, taking his time to get it right.
sr. member
Activity: 379
Merit: 250
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

What about this part? Does not sound lightweight to me, but I am not a programmer.


To prove knowledge of the private key and whole block there are two new fields in the block header:
MinerSignature and hashWholeBlock.
MinerSignature is a digital signature of all fields of the block header except for the
hashWholeBlock. Changing any information in the block requires regeneration of this signature which
means that it is necessary to recalculate it during each iteration of the mining process. This implies that
miner must be able to sign any arbitrary data.
hashWholeBlock is a SHA-256 hash of the block data arranged as follows:
Padding ensures that there is no incentive to mine empty blocks without transactions. Padding values
are computed using simple algorithm which initializes last 32 bytes (8 uint32) with hashPrevBlock
and then goes backward and computes remaining uint32 values using the following recursive formula:
𝐼𝑖 = 𝐼𝑖+3 ∙ 𝐼𝑖+7. This algorithm ensures that there is no efficient way to compute padding values on the
fly during hash computation which otherwise could potentially give some advantage to mine empty
blocks in certain computing environments.
It is important that block is hashed twice. If it was hashed only once then pool could hash the beginning
of the block and send resulting hash state to the miners. Each miner would then modify some
information in the end of the block and recalculate the hash based on the known state without actual
knowledge about what is contained in the beginning of the block. Appending block data to itself make it
necessary to know the whole block to recalculate hashWholeBlock.



That's a description of how one of the features is going to work.
I thought it is a desciption of how of this feature (true decentralization) already works? In my opinion this whitepaper does not describe what is going to be implemented, but what already is implemented. I thought another whitepaper will come when Mr. Spread has reviewed Darkcoin and has decided if and how he will implement Darknodes.
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

What about this part? Does not sound lightweight to me, but I am not a programmer.


To prove knowledge of the private key and whole block there are two new fields in the block header:
MinerSignature and hashWholeBlock.
MinerSignature is a digital signature of all fields of the block header except for the
hashWholeBlock. Changing any information in the block requires regeneration of this signature which
means that it is necessary to recalculate it during each iteration of the mining process. This implies that
miner must be able to sign any arbitrary data.
hashWholeBlock is a SHA-256 hash of the block data arranged as follows:
Padding ensures that there is no incentive to mine empty blocks without transactions. Padding values
are computed using simple algorithm which initializes last 32 bytes (8 uint32) with hashPrevBlock
and then goes backward and computes remaining uint32 values using the following recursive formula:
𝐼𝑖 = 𝐼𝑖+3 ∙ 𝐼𝑖+7. This algorithm ensures that there is no efficient way to compute padding values on the
fly during hash computation which otherwise could potentially give some advantage to mine empty
blocks in certain computing environments.
It is important that block is hashed twice. If it was hashed only once then pool could hash the beginning
of the block and send resulting hash state to the miners. Each miner would then modify some
information in the end of the block and recalculate the hash based on the known state without actual
knowledge about what is contained in the beginning of the block. Appending block data to itself make it
necessary to know the whole block to recalculate hashWholeBlock.



That's a description of how one of the features is going to work.
sr. member
Activity: 379
Merit: 250
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

What about this part? Does not sound lightweight to me, but I am not a programmer.


To prove knowledge of the private key and whole block there are two new fields in the block header:
MinerSignature and hashWholeBlock.
MinerSignature is a digital signature of all fields of the block header except for the
hashWholeBlock. Changing any information in the block requires regeneration of this signature which
means that it is necessary to recalculate it during each iteration of the mining process. This implies that
miner must be able to sign any arbitrary data.
hashWholeBlock is a SHA-256 hash of the block data arranged as follows:
Padding ensures that there is no incentive to mine empty blocks without transactions. Padding values
are computed using simple algorithm which initializes last 32 bytes (8 uint32) with hashPrevBlock
and then goes backward and computes remaining uint32 values using the following recursive formula:
𝐼𝑖 = 𝐼𝑖+3 ∙ 𝐼𝑖+7. This algorithm ensures that there is no efficient way to compute padding values on the
fly during hash computation which otherwise could potentially give some advantage to mine empty
blocks in certain computing environments.
It is important that block is hashed twice. If it was hashed only once then pool could hash the beginning
of the block and send resulting hash state to the miners. Each miner would then modify some
information in the end of the block and recalculate the hash based on the known state without actual
knowledge about what is contained in the beginning of the block. Appending block data to itself make it
necessary to know the whole block to recalculate hashWholeBlock.

Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.

it was meated to the e1ghtSpace  Smiley
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue

I've just read it again and it says Spreadcoin  is a currency with no mining pools that has a smoother block reward decrease and a marginally streamlined transaction format.
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???

did you read it? Tongue
legendary
Activity: 1540
Merit: 1001
Crypto since 2014
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
a lightweight whitepaper from somebody who is clearly a very talented developer.
How is the whitepaper lightweight???
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.

Who knows. 

However the dev needs to come up with a clear development plan including future features and how he wants it to work.

Also, it probably wise at some point to have a independent person review the health of the mining environment and whether the decentralised approach has strengthened or weakened the coin in reality.

Finally, if the plan still is to implement masternodes and darksend then that infrastructure will need to be in place.

Once there is some substance to this thread who knows how high this coin could go?  Mr Spread has been quick to come to the DRK thread and point out coding inconsistencies and bugs but doesn't seem to be talking too much about plans and development on this thread.

I'm not trying to troll here.  I read this thread because I'm interested in the development of this coin but so far I have seen nothing that makes me want to buy in.  Nothing but vague statements and a lightweight whitepaper from somebody who is clearly a very talented developer.
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
u sure hope so that this coin will catch Darkcoin at his ATM price Cheesy
No lie I would SHIT myself if it ever touched DarkCoins all time high no bullshit!!

u must have milions of this coin Cheesy

karma=spread love haha
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
u sure hope so that this coin will catch Darkcoin at his ATM price Cheesy
No lie I would SHIT myself if it ever touched DarkCoins all time high no bullshit!!
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
u sure hope so that this coin will catch Darkcoin at his ATM price Cheesy
hero member
Activity: 784
Merit: 500
FLY DONATION ADDRESS IN SIGNATURE
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
Like Darks all time high? or will surpass 'dark where it is right now?
newbie
Activity: 56
Merit: 0
SPR will grow bigger than bigger in the coming months. Grin
I believe much bigger than most people think to be honest
My exepected price of SPR is higher than DRK.
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
omg you guys ...  Grin   

this is called "moving water to your mill" hahaha
Jump to: