Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 52. (Read 810096 times)

live on testnet? Yes.

But we can't have "empty" servicenodes enter main net, because for the servicenodes to receive SPR they will need to constantly pass a voting /evaluation process, or they will be dropped.
(evaluating if a servicenode is behaving correctly and doing a good job or not)

And if there is no service then there is nothing to base the voting /evaluation on.

I concur.  I am curious if a consensus decision has been reached among developers if Servicenodes should go live before there is a service in place that they are actively supporting, or your opinion on the matter? 

I was wondering that too, didn't think to just enquire, lol. Nice work.

Cheers

Graham

Here

I'm all for max coinsupply/2880.

You can't limit one SN to one IP.
Nobody can know if your server is really running on one IP as a single instance or running as one of hundred virtual machines in a cloud.
Also, your SN will never be required to be visible thru an IP, the SNs IP is not important since it's not broadcast anyway.

With that in mind, coming back to your question:
to prevent people from running multiple SNs (servicenodes) on a server, you will need to run services (on those servicenodes) that have a high load on the server CPU / RAM / HDisk...
this will make running multiple SNs on a server problematic, and encourage the spreading of SNs over multiple Servers (and be it only virtual ones)

For this to work we will need a sophisticated valuation system that gives the best servers the best score, and the worst servers the worst score.

That's the tricky part.

A while ago I remember there being a discussion about limiting one MN to one IP (or server)... what's the latest on that?

Does anybody know who is running this Hashrate distribution chart?

http://104.36.83.126/spreadcoin/

(it is mentioned in the first post of this thread)


Thanks.

Well argued. I'm convinced.

Cheers

Graham

I particularly like Max MN = (total coinsupply)/ 2880.

Because it will allow for only a very limited amount of MN at the moment: around 650... (this will help drive the price of SPR up, now that it is young)
and it will grow to a healthy 1800 when we are as old as darkcoin... (1 Year)
and it will grow to a perfect 5000 MNs when we are as old as bitcoin... (6 years)

And when we reach the 21 Million max coinsupply in a 100 years we will have reached the maximum possible amount of 7292 MNs.

I want to implement a dynamic amount of max servicenodes that will slowly increase over time.

This is an idea I had 1 month ago (as a response to a discussion I had on spreadcointalk with MyFarm):
(Attention: the numbers mentioned are also 1 month old)
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Originally Mr. Spread only wanted to use a max of 1000 MNs.

1440 max MNs was based around an idea I had that this way every MN would on average receive 1 payment a day.

I believe that having twice that (2880) will not solve the problem you describe (the problem of "how will newcomers be able to afford a masternode later in time"),
but only postpone the problem so it will come back and bite us later.

I always advocated for a flexible amount of MNs.

A limit yes, but a flexible one, that increases slowly over time.
This way it gets to act like a limit (that creates competition thru scarcity, and enables price discovery), but it will also have the flexibility to adjust for a large growth of SPR price and what an MN will cost.

I advocate for tying the max amount of MNs to the coinsupply:

Max MN = (total coinsupply)/ 1000.

or maybe divide them even further.

Max MN = (total coinsupply)/ 1440.

or

Max MN = (total coinsupply)/ 2880.

So today (with 1.865 Million coins) this would mean 1865 possible MNs, or 1294, or 647 possible MNs. (total coinsupply divided by 1000, 1440 and 2880)

This is not a fix limit, but a moving target, so let's look how this will change over time:

In 6 Months it will probably be 5000 MNs (or 3472, or 1736 MNs)....

We follow Bitcoins increase in coinsupply curve more or less.

So in about 6 years, we will have 13.85 Million coins.
How many MNs should we have in 6 years?
Based on my three suggestions, it would be 13850, or 9618, or 4809 MNs.

And what does that mean for eternity?
We will have 21000, or 14584 or 7292 MNs.

If servicenodes function as they did in the most recent testnet, they are dynamic with sn slots available to the top 1440 operators who  have dedicated the most spread to their sn.  This will be extremely variable and fluctuate with time.  In the absence of competition which will likely drive the price up, the minimum you will need to operate one is 100 spr.  If you do the math, and every spr in existence is equally  dedicated to a sn, the absolute max it would take to operate one is 1378 spr. 

This system of a max of 1440 spreadnodes may very well change by the time they go active, but I would still recommend a couple thousand spr just to be safe.

Any new information?

Waiting for the new Ann.

Back in June or July 2014, I got very excited about Master Nodes in DRK offering services.

The main reason was that crypto currencies don't have anything that backs them except demand. Gold only has value because of the demand for jewelry, particularly in countries like India, and from manufacturing.

ServiceNodes can, therefore, create a baseline value for the network.

As I was jumping around saying last year, once the network has intrinsic value it can be valued on a similar basis to stocks and shares. You can attribute future earnings potential to the network to arrive at a net present day worth. What that means is you can package up the value to investors.

This also means that you can package up bits of the network into tax deductible units which can be used to give incentives to investors or even put units of packaged value into pension pots.

Thank god for that. I was about to call someone.

How many Spreadcoins will you need for a masternode?

Yes, very commendable,
but it's not "with all stuff" ...

All downloads are missing, and the official blockexplorer is also dead ATM.

Many things need to be fixed.

It's ok they've arived

Hi guys need help i've send 1500 Spr to Bittrex 20 min ago and does not appear in pending balance Any ideea how long it takes?

Thx in advance

Nice