Why marketcap so high? Does 1 group hold all the coins?
Actually, it's very low.
$50,000 is very low?
Consider this scenario:
Mr Spread commits to implementing Masternodes for Spread.
Within a month or two there are 500 Masternodes requiring 1000 SPR to run, each costing $0.16/day to run and earning 8.64 SPR/day assuming a 50-50 block reward split between miners and MNs.
At a SRP price of 0.001 BTC which would not be at all unreasonable should this happen, that's over $3/day profit per MN, and an annual return of over 300%. Remember, that's half a million SPR taken off the market.
Just an example obviously, but you get the idea... Masternodes are both useful and profitable. There's a reason the price has risen significantly merely on the possibility that this will happen. A confirmed roadmap would see the price rise even more significantly. Remember, there are plenty of people who shy away from Darkcoin just because of the name, or because they think they have missed the boat, both of which are daft IMO but it is what it is.
And there are even more people who shy away from PoW altogether because nobody in their right minds is going to trust a vulnerable handful of parasitic pool operators with the blockchain, and thus their money.
The market cap of Spread could be $sixfigures pretty soon. If I had Mr Spread's skillset - well, you know what I'd be doing.
Once again, well said. .001 is absolutely possible within a short time if masternodes are implemented. I can guarantee some Darkcoin holders also investing in Spreadcoin since they understand the monetary value of masternodes and have operating them down to an art.
So you are suggesting that a Spreadnode if Mr. Spread decided to go that way would cost 1000 SpreadCoin to own one or have one or whatever you do with them? I'm really not too familiar with what these node thingys are?
First, I would strongly suggest keeping them named Masternodes. I would also suggest that they require 1000 Spreadcoin to "operate". "Cost" 1000 Spreadcoin isn't a good way to put it, because you don't spend the 1000 SPR, you simply make them connected to the masternode. You can spend them anytime, but as soon as you do, the masternode becomes inactive. It's quite rare to see people disable/spend a masternode once it's setup, so what that means, is that for every masternode there is, 1000 coins are out of circulation. There are over 1300 Darkcoin masternodes which means 1,300,000 DRK are out of circulation! Truly amazing.
Masternodes are decentralized, trustless mixers for the anonymous side of Darkcoin. BUT, they are also going to have additional functionality built on top of them. "InstantX" which allows for near-instant transactions instead of having to wait for coin confirmations is one such feature that is already being developed. They are an amazing technology. A technology that is highly profitable for anyone running one. It costs over $2,300 to setup a Darkcoin masternode at present. However, if Mr. Spread allows them for SPR, at present, it would cost less than $50.00 to setup
The thing is, if what happens to SPR is anything like what happened to DRK when masternodes were implemented, that $50.00 to setup will quickly become a thing of the past. If you look back in the DRK thread, you can find me donating 1,000 DRK to someone. It's laughable now and I hope the same becomes true of SPR.
