[ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 98.

Jesse Livermore

sr. member

Activity: 462

Merit: 250

Quote from: ?? on ??

Quote from: oblox on February 23, 2015, 12:39:20 PM

Quote from: njs811 on February 23, 2015, 12:22:03 PM

This is exactly what happened to Bitcoin after Satoshi was known to not be coming back:

https://bitcointalksearch.org/topic/satoshi-disappear-day-6730

These were written in 2011. Way before the GIANT boom. SPR is more advanced than bitcoin, and has many people ready to jump on it and drive it even further. It may take two years for SPR to be worth a fortune but who wouldn't have wanted to invest in Bitcoin in 2011? If we all had a time machine that is one place we would go. SPR looks depressing now, but we need to hold out for the future. Those of you who have stockpiled SPR need to keep it. Consider the money gone. How much would you regret it if the price of SPR hit $100, or $500 a coin? Perhaps more. This coin is different and better than Bitcoin. The fact that a dev goes missing and the community feels responsible enough to pick it up is the best sign we could ask for. Coins don't need a single developer, they don't even need a team of developers. The best coin will have a community that believes in what they are doing. Because if a company of developers is running the currency then we have wasted our time trying to develop a decentralized currency.

Spreadcoin: Avoid the corporations, build the future.

EDIT: Bitcoin also had people calling it a scam, ponzi scheme, and illegal. If history tells us anything it is that this coin will follow in the steps of Bitcoin.

I've heard this logic over and over again about SPR hitting $100 and that it's better than Bitcoin (among nearly every altcoin for that matter as well), rah rah rah. Why is it better? What differentiating factors does it provide that isn't already out there in other coins? The pool argument is out so lets not rehash that.

Comparing Mr. Spread going MIA to Satoshi leaving BTC is absurd and there were competent devs working on Bitcoin before he disappeared. While there are people trying to work on the SPR right now, I wouldn't say comparing the two is even fair as I have yet to see some serious coding talent emerge. Just looking at Spreadcointalk, it seems people are just haphazardly starting to play with variables hoping for the best. Not exactly the best means of further progressing a currency and certainly not to the level that would deem it "more advanced than bitcoin".

Enlighten me.

You know, I hate to say it, but you have a point. Mr. Spread was at least a decent dev - something 99% of alt devs can't claim. There's nobody else stepping up who's even close to competent, from what I see.

I was reading up on those old posts from 2010-2011 last night myself, bitcoin was lucky enough to have had Gavin coding away pretty consistently by the time Satoshi disappeared.... Plus there were typically weeks and months between when Satoshi was posting, so for them it wasn't really a big shock to the system when Satoshi called it quits.
Personally, if Mr. Spread is still gone by next Monday I'm thinking that's it, game over. So 6 days left til Spreadcoin as we know it is gone.

njs811

sr. member

Activity: 406

Merit: 250

Quote from: thelonecrouton on February 23, 2015, 05:44:45 PM

Quote from: RenegadeMan on February 23, 2015, 05:28:26 PM

Quote from: oblox on February 23, 2015, 05:24:09 PM

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

Sissies!

You know what would ensure that no pools could exist to short-circuit blockchain security? Shifting to pure Proof of Service with n-of-m Masternodes baking each new block onto the chain. Grin

Eco friendly too.

True. Also SPR is a small transfer size which enables quick transactions. Bitcoin is impractical for retail. SPR is not.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: RenegadeMan on February 23, 2015, 05:28:26 PM

Quote from: oblox on February 23, 2015, 05:24:09 PM

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

Sissies!

You know what would ensure that no pools could exist to short-circuit blockchain security? Shifting to pure Proof of Service with n-of-m Masternodes baking each new block onto the chain. Grin

Eco friendly too.

ol92

sr. member

Activity: 445

Merit: 255

Quote from: RenegadeMan on February 23, 2015, 05:28:26 PM

Quote from: oblox on February 23, 2015, 05:24:09 PM

Quote from: RenegadeMan on February 23, 2015, 05:06:43 PM

Quote from: njs811 on February 23, 2015, 04:24:36 PM

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

There was a commercial that goes "What would you do-ooooooo for a Klondike Bar?"

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

Okay, thanks for the explanation.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

There was a similar event for fluttercoin (innovative with prof of transaction for instance): kidcoin, the talented dev loose his motivation and left. Some members has stood up and the dev team is doing rather a good job now.

RenegadeMan

hero member

Activity: 658

Merit: 500

Quote from: oblox on February 23, 2015, 05:24:09 PM

Quote from: RenegadeMan on February 23, 2015, 05:06:43 PM

Quote from: njs811 on February 23, 2015, 04:24:36 PM

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

There was a commercial that goes "What would you do-ooooooo for a Klondike Bar?"

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

Okay, thanks for the explanation.

I agree. The likelihood of the people that have stepped forward pulling off a workable multi-individuals-but-no-leader team approach to taking SPR forward is minimal. Still, kudos for those people that believe they can do it for stepping forward to have a go.

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: RenegadeMan on February 23, 2015, 05:06:43 PM

Quote from: njs811 on February 23, 2015, 04:24:36 PM

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

There was a commercial that goes "What would you do-ooooooo for a Klondike Bar?"

Has no bearing on SPR. The dev is MIA and community members are trying to pick up where he left off, although I have doubts this will end well--tweak some variables here, and there, run it on testnet, push it to main, something breaks, oh-shit-what-do-we-do sort of scenario). With the pool argument gone, SPR is in bad shape, evident by the price action.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: gjhiggins on February 23, 2015, 05:05:38 PM

Quote from: coins101 on February 23, 2015, 02:29:00 PM

Still thinking this through.

Sure, but thanks for expanding, I get it now.

fwiw, I model an altcoin as a population of communicating, limited-functionality equipotent avatars, each controlled by a set of elemental instructions mapped to a UI (GUI/RPC).

Your description reminds me that it's not a completely homogeneous population, some may arbitrarily offer additional public-facing functionality (more prosaically, “services”) in exchange for a small fee paid to the avatar instructor. Examples of this additional functionality currently include coin mixing, confirmation reduction, currency exchange. One obvious next step is to consider how these services might be usefully characterised.

The core issues quickly resolve into effecting a strong modular implementation of the service, designing the additional instructions and augmenting the UI for instructing the avatar with a meta-representation of the state/status of the different services that can usefully inform the user's instructions to the avatar.

Cheers

Graham

After nearly a year of neurocorrosion reading bitcointalk, I feel suddenly clean again.

RenegadeMan

hero member

Activity: 658

Merit: 500

Quote from: njs811 on February 23, 2015, 04:24:36 PM

Remember everyone, this is for a Klondike bar.

I wish I knew what you are talking about. I've Googled "Klondike bar" but what does an icecream have to do with anything that's happened so far? (I'm in Australia so please forgive my lack of contextual awareness!)

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: coins101 on February 23, 2015, 02:29:00 PM

Still thinking this through.

Sure, but thanks for expanding, I get it now.

fwiw, I model an altcoin as a population of communicating, limited-functionality equipotent avatars, each controlled by a set of elemental instructions mapped to a UI (GUI/RPC).

Your description reminds me that it's not a completely homogeneous population, some may arbitrarily offer additional public-facing functionality (more prosaically, “services”) in exchange for a small fee paid to the avatar instructor. Examples of this additional functionality currently include coin mixing, confirmation reduction, currency exchange. One obvious next step is to consider how these services might be usefully characterised.

The core issues quickly resolve into effecting a strong modular implementation of the service, designing the additional instructions and augmenting the UI for instructing the avatar with a meta-representation of the state/status of the different services that can usefully inform the user's instructions to the avatar.

Cheers

Graham

njs811

sr. member

Activity: 406

Merit: 250

Remember everyone, this is for a Klondike bar.

IBGigglin

legendary

Activity: 910

Merit: 1006

BCH Advocate.

http://spreadcointalk.org/index.php?topic=131.0

Join thread for brainstorming about moving forward.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: thelonecrouton on February 23, 2015, 02:38:39 PM

Hey, let our resident talent bring a basic MN implementation to mainnet first before we get all voodoo. Tongue

A quick search on wisdom of the crowd, and who knew:

Microsoft’s Bing predictions engine has been responsible for predicting the World Cup, English soccer results, and NFL games, but last night it turned its attention to the 87th Academy Awards. Bing successfully predicted best picture, best director, best actor, best actress, and the results for supporting actor and actress out of the top awards for the 2015 Oscars. Overall, Microsoft successfully predicted 84 percent of the 24 results, with only four incorrect predictions.

Ahead of the Oscars Microsoft shared its latest predictions, noting that most of the awards are "relatively unpredictable." Microsoft uses a prediction model for the Oscars that is managed by Microsoft researcher David Rothschild over at the company’s New York City research lab. Rothschild correctly predicted 21 of 24 Oscar winners last year, and 19 of 24 winners in 2013. In comparison, Vegas odds from the Wynn casino weren’t nearly as accurate. The Wynn predicted best picture, best actress, best actor, best supporting actress, best supporting actor, and best director, but only managed to correct 4 of 6 correctly. Microsoft predicted all six accurately.

http://www.theverge.com/2015/2/23/8089593/microsoft-bing-oscar-predictions

thelonecrouton

legendary

Activity: 966

Merit: 1000

Hey, let our resident talent bring a basic MN implementation to mainnet first before we get all voodoo. Tongue

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: gjhiggins on February 23, 2015, 02:09:27 PM

Quote from: coins101 on February 23, 2015, 12:50:36 PM

I bet Master Nodes, SPR Nodes, can be configured to create a crowd sourced currency trading direction platform.

Not a portmanteau term I'm familiar with, what functions does a “currency trading direction platform” perform?

Cheers

Graham

Still thinking this through.

Along the lines of master nodes, those with (say) 1,000 SPR being able to earn an extra % of trades which are built on consensus.

People move xyz SPR into nodes enabling them to submit trades. This prevents spam from clouding up true consensus.

The rest of the market doesn't see any trade data.

People send trades (currency, but actually any stocks, sports betting, etc....) to master nodes. Consensus trades, along with deposits, can then be converted to fiat and traded. Returns are exchange back to crypto and sent to people that contributed. Master nodes control the process.

Master nodes get paid %. Traders benefit from the wisdom of the crowd.

edit

possibly, master nodes do not send back consensus to prevent leaking of trade data. They just execute the consensus position.

edit edit

Possibly, master nodes are just used to send back the wisdom of the crowd. But you still need to lock up spr to participate and pay a few to submit your trade and receive back data from master nodes.

Jestah

sr. member

Activity: 426

Merit: 250

Quote from: Minotaur26 on February 22, 2015, 12:51:13 PM

With regards to other Darkcoin community members posting here about their concerns, I believe it would be unfair to call that FUD, given the current situation has confirmed those same concerns about anonymous developers and such. So if anything those were clearly justified warnings.

Wanting to know Mr. Spread's real name is all I posted about....I wanted to do a little background checking before I spent anything substantial on SPR. I viewed it as a potential long term thing...unlike the 100s of P&D coins out there. I ended up staying away.....bullet dodged.

I do feel badly for SPR bag holders though and especially for those who went all-in. The name "Mr. Spread" was too big of a red flag to me.

Good luck

gjhiggins

legendary

Activity: 2254

Merit: 1290

Quote from: coins101 on February 23, 2015, 12:50:36 PM

I bet Master Nodes, SPR Nodes, can be configured to create a crowd sourced currency trading direction platform.

Not a portmanteau term I'm familiar with, what functions does a “currency trading direction platform” perform?

Cheers

Graham

njs811

sr. member

Activity: 406

Merit: 250

Quote from: ?? on ??

Quote from: njs811 on February 23, 2015, 12:46:04 PM

Quote from: ?? on ??

Quote from: oblox on February 23, 2015, 12:39:20 PM

Quote from: njs811 on February 23, 2015, 12:22:03 PM

This is exactly what happened to Bitcoin after Satoshi was known to not be coming back:

https://bitcointalksearch.org/topic/satoshi-disappear-day-6730

These were written in 2011. Way before the GIANT boom. SPR is more advanced than bitcoin, and has many people ready to jump on it and drive it even further. It may take two years for SPR to be worth a fortune but who wouldn't have wanted to invest in Bitcoin in 2011? If we all had a time machine that is one place we would go. SPR looks depressing now, but we need to hold out for the future. Those of you who have stockpiled SPR need to keep it. Consider the money gone. How much would you regret it if the price of SPR hit $100, or $500 a coin? Perhaps more. This coin is different and better than Bitcoin. The fact that a dev goes missing and the community feels responsible enough to pick it up is the best sign we could ask for. Coins don't need a single developer, they don't even need a team of developers. The best coin will have a community that believes in what they are doing. Because if a company of developers is running the currency then we have wasted our time trying to develop a decentralized currency.

Spreadcoin: Avoid the corporations, build the future.

EDIT: Bitcoin also had people calling it a scam, ponzi scheme, and illegal. If history tells us anything it is that this coin will follow in the steps of Bitcoin.

I've heard this logic over and over again about SPR hitting $100 and that it's better than Bitcoin (among nearly every altcoin for that matter as well), rah rah rah. Why is it better? What differentiating factors does it provide that isn't already out there in other coins? The pool argument is out so lets not rehash that.

Comparing Mr. Spread going MIA to Satoshi leaving BTC is absurd and there were competent devs working on Bitcoin before he disappeared. While there are people trying to work on the SPR right now, I wouldn't say comparing the two is even fair as I have yet to see some serious coding talent emerge. Just looking at Spreadcointalk, it seems people are just haphazardly starting to play with variables hoping for the best. Not exactly the best means of further progressing a currency and certainly not to the level that would deem it "more advanced than bitcoin".

Enlighten me.

You know, I hate to say it, but you have a point. Mr. Spread was at least a decent dev - something 99% of alt devs can't claim. There's nobody else stepping up who's even close to competent, from what I see.

Well here is your chance then.

Me? SPR isn't nearly profitable enough to me to warrant spending a ton of time developing it.

That's pretty shortsighted of you to say. You have seen the code. There is a ton of potential here. Besides, the community might pay you in SPR if you build the project up. Just build it and hold it for ransom.

Halofire

hero member

Activity: 938

Merit: 1000

@halofirebtc

njs811

sr. member

Activity: 406

Merit: 250

Quote from: coins101 on February 23, 2015, 12:50:36 PM

I bet Master Nodes, SPR Nodes, can be configured to create a crowd sourced currency trading direction platform.

That sounds perfect. Take on the project.

coins101

legendary

Activity: 1456

Merit: 1000

I bet Master Nodes, SPR Nodes, can be configured to create a crowd sourced currency trading direction platform.

Topic: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes - page 98. (Read 810099 times)