Hello,
I just bought the spreadcoin to have Helium too.
How will this happen?
Do my spreadcoin have to be in a wallet and after that I will download the Helium wallet, and I will put my wallet.dat.
What is the date of the fork?
Thank you in advance for your lighting!
Topic: [ANN][HLM] HELIUM - page 134. (Read 189458 times)
I'd like to get involved with helium/helium shares. What is the best way at this time please?
Do I need to purchase spreadcoin?
Do I need to purchase spreadcoin?
For now, the only way to acquire Helium is via Spreadcoin. Once we launch the network there will be several more avenues, mining, hosting a node or going to one of the exchanges will be how one will be able to obtain Helium.
I'd like to get involved with helium/helium shares. What is the best way at this time please?
Do I need to purchase spreadcoin?
Do I need to purchase spreadcoin?
The fastest method would be that I think . Or better wait for any announce on details because I believe they going to use PoW as consensus algorithm. So better ready with your mining rig
thank you!
Karma for those of us who cant be there, can someone record the logs?
Since the AMA will be taking place in the "ama" channel within the Helium Slack, those that are unable to attend can still catch up afterwards. I am still getting use to Slack however I believe you should be able to add the channel and the history should be there to peruse at your leisure.
Update:
Helium will have its first AMA - Ask Me Anything - in the Helium Slack channel this Saturday, April 15th at 12 p.m. (noon) Eastern Standard Time (EST) / 5 p.m. GMT. Join us and discover one of the best kept secrets in the world of blockchain and cryptocurrency:
https://heliumslack.herokuapp.com/
Helium will have its first AMA - Ask Me Anything - in the Helium Slack channel this Saturday, April 15th at 12 p.m. (noon) Eastern Standard Time (EST) / 5 p.m. GMT. Join us and discover one of the best kept secrets in the world of blockchain and cryptocurrency:
https://heliumslack.herokuapp.com/
Karma for those of us who cant be there, can someone record the logs?
I'd like to get involved with helium/helium shares. What is the best way at this time please?
Do I need to purchase spreadcoin?
Do I need to purchase spreadcoin?
The fastest method would be that I think . Or better wait for any announce on details because I believe they going to use PoW as consensus algorithm. So better ready with your mining rig
I'd like to get involved with helium/helium shares. What is the best way at this time please?
Do I need to purchase spreadcoin?
Do I need to purchase spreadcoin?
I have no idea how to sign an address... or tx... the part of "send a tiny fraction of a spr coin from the address" I do know how to do. Call me a noob or whatever you want, but I don't even know where to begin when it comes to signing an address or transaction.
Give escrow your SPR address, your message (again presumed to be your HLM address), and your signature. He verifies the information and checks the snapshot to find the amount of HLM he needs to send.
No double-dipping. No way to cheat the system. No one will need to trust the escrow with their SPR.
That's cool, but if my signature is visible to everyone, won't someone else be able to pose as me? Because if the escrow guy can see my signature, everyone can see it right?
Edit - Wait, I get it now... I'm a noob.... lol
I have no idea how to sign an address... or tx... the part of "send a tiny fraction of a spr coin from the address" I do know how to do. Call me a noob or whatever you want, but I don't even know where to begin when it comes to signing an address or transaction.
Give escrow your SPR address, your message (again presumed to be your HLM address), and your signature. He verifies the information and checks the snapshot to find the amount of HLM he needs to send.
No double-dipping. No way to cheat the system. No one will need to trust the escrow with their SPR.
Please coins101, stop posting that image.
Distribution using an escrow does not work without a snapshot, but once we have a snapshot there is no need for anyone to prove their SPR balance by sending it to an escrow, they only need to prove that a specific address or addresses belong to them. The only way this works is :
1. Snapshot on a predetermined block.
2. SPR holders sign their addresses (or alternatively, send a tiny fraction of a SPR coin to the escrow from their addresses) to prove the addresses belongs to them.
3. Escrow verifies the signature and checks the balance of the address when the snapshot was taken and sends off an equivalent amount of HLM, no more, no less. The current balance of the address is irrelevant, the balance during the snapshot is all that matters.
This process will be painfully tedious (any method of manual distribution will be) but it is scam-proof and minimizes the amount of trust we need to have in the escrow.
Distribution using an escrow does not work without a snapshot, but once we have a snapshot there is no need for anyone to prove their SPR balance by sending it to an escrow, they only need to prove that a specific address or addresses belong to them. The only way this works is :
1. Snapshot on a predetermined block.
2. SPR holders sign their addresses (or alternatively, send a tiny fraction of a SPR coin to the escrow from their addresses) to prove the addresses belongs to them.
3. Escrow verifies the signature and checks the balance of the address when the snapshot was taken and sends off an equivalent amount of HLM, no more, no less. The current balance of the address is irrelevant, the balance during the snapshot is all that matters.
This process will be painfully tedious (any method of manual distribution will be) but it is scam-proof and minimizes the amount of trust we need to have in the escrow.
I have no idea how to sign an address... or tx... the part of "send a tiny fraction of a spr coin from the address" I do know how to do. Call me a noob or whatever you want, but I don't even know where to begin when it comes to signing an address or transaction.
Please coins101, stop posting that image.
Distribution using an escrow does not work without a snapshot, but once we have a snapshot there is no need for anyone to prove their SPR balance by sending it to an escrow, they only need to prove that a specific address or addresses belong to them. The only way this works is :
1. Snapshot on a predetermined block.
2. SPR holders sign their addresses (or alternatively, send a tiny fraction of a SPR coin to the escrow from their addresses) to prove the addresses belongs to them.
3. Escrow verifies the signature and checks the balance of the address when the snapshot was taken and sends off an equivalent amount of HLM, no more, no less. The current balance of the address is irrelevant, the balance during the snapshot is all that matters.
This process will be painfully tedious (any method of manual distribution will be) but it is scam-proof and minimizes the amount of trust we need to have in the escrow.
Distribution using an escrow does not work without a snapshot, but once we have a snapshot there is no need for anyone to prove their SPR balance by sending it to an escrow, they only need to prove that a specific address or addresses belong to them. The only way this works is :
1. Snapshot on a predetermined block.
2. SPR holders sign their addresses (or alternatively, send a tiny fraction of a SPR coin to the escrow from their addresses) to prove the addresses belongs to them.
3. Escrow verifies the signature and checks the balance of the address when the snapshot was taken and sends off an equivalent amount of HLM, no more, no less. The current balance of the address is irrelevant, the balance during the snapshot is all that matters.
This process will be painfully tedious (any method of manual distribution will be) but it is scam-proof and minimizes the amount of trust we need to have in the escrow.
From the picture it looks like we have send our SPR to Escrow and receive them back along with HLM.
I am not the craziest about sending my coins from my wallet to someone else and getting them back.
Is there a time frame for the swap? Does all the coins have to be sent at once?
I am not the craziest about sending my coins from my wallet to someone else and getting them back.
Is there a time frame for the swap? Does all the coins have to be sent at once?
Snapshot is good but I think its tedious and time consuming for the dev to each examine the address of SPR unless they have to automate it. As for escrow the data for distribution of HLM will be ready once SPR sent to escrow. Again trust here is questionable but if the escrow agent has delivered many times in the past, I have no problem with it. It is a faster phase IMO.
lol, It is way more tedious to do escrow. The snapshot will definitely be automated, that is, if we do it that way. A snapshot will be faster, since we don't need to have a timeframe where people send in coins to the escrow.The only way I can see the escrow working is if they hold the coins they receive until the timeframe for sending coins in is over, because someone could send spreadcoin, receive spr and hlm, and sell spreadcoin on the exchange. Someone then buying that spreadcoin and trying to receive hlm won't be able to since it was already exchanged.
Snapshot is good but I think its tedious and time consuming for the dev to each examine the address of SPR unless they have to automate it. As for escrow the data for distribution of HLM will be ready once SPR sent to escrow. Again trust here is questionable but if the escrow agent has delivered many times in the past, I have no problem with it. It is a faster phase IMO.
Quote
Snapshot is a static state of the chain where each address has an exact and only one amount of coins.
There should be a "mapping" of SPR to HLM before even HLM start so yes - no "double dipping", this will solve the problem.
Don't compare with ETH and ETC since the situation has nothing in common - this is NOT a hardfork and and there won't be any relations between both networks. (Am I right HLM devs?)
What's bad in sending all your SPR to an escrow account? Hm, let me think. How about I don't want to trust somebody with all my funds?
This. Im not trusting anyone with my coins. Just take a snapshot like byteball has been doing. Its been working fine for them.
Hopefully this explains the current proposals for the economic fork:
Details and alternative options are still being reviewed.
Details and alternative options are still being reviewed.
bump
So after the swap will we still have control of our spreadcoin, or are we literally trading it for helium ?
If I understand correctly I believe the snapshot is to avoid double dipping. However, you will end up with all of your Spreadcoin and equal amounts of Helium back minus maybe a small escrow fee.
U mean snapshot of the blockchain? From what I see it does not resolve ur "double-dipping" problem. The same has been done to etc after eth hardfork, each account holding ethers received a corresponding amount of etc so profit from selling has been made on either chain. Whats bad in buying spread, sending it to an escrow addy, getting free helium and afterwards dumping both spread and helium for profit.
Snapshot is a static state of the chain where each address has an exact and only one amount of coins.
There should be a "mapping" of SPR to HLM before even HLM start so yes - no "double dipping", this will solve the problem.
Don't compare with ETH and ETC since the situation has nothing in common - this is NOT a hardfork and and there won't be any relations between both networks. (Am I right HLM devs?)
What's bad in sending all your SPR to an escrow account? Hm, let me think. How about I don't want to trust somebody with all my funds?
Update:
Helium will have its first AMA - Ask Me Anything - in the Helium Slack channel this Saturday, April 15th at 12 p.m. (noon) Eastern Standard Time (EST) / 5 p.m. GMT. Join us and discover one of the best kept secrets in the world of blockchain and cryptocurrency:
https://heliumslack.herokuapp.com/
Helium will have its first AMA - Ask Me Anything - in the Helium Slack channel this Saturday, April 15th at 12 p.m. (noon) Eastern Standard Time (EST) / 5 p.m. GMT. Join us and discover one of the best kept secrets in the world of blockchain and cryptocurrency:
https://heliumslack.herokuapp.com/
Hopefully this explains the current proposals for the economic fork:
Details and alternative options are still being reviewed.
Details and alternative options are still being reviewed.
bump
So after the swap will we still have control of our spreadcoin, or are we literally trading it for helium ?
If I understand correctly I believe the snapshot is to avoid double dipping. However, you will end up with all of your Spreadcoin and equal amounts of Helium back minus maybe a small escrow fee.
U mean snapshot of the blockchain? From what I see it does not resolve ur "double-dipping" problem. The same has been done to etc after eth hardfork, each account holding ethers received a corresponding amount of etc so profit from selling has been made on either chain. Whats bad in buying spread, sending it to an escrow addy, getting free helium and afterwards dumping both spread and helium for profit.
If I understand correctly I believe the snapshot is to avoid double dipping. However, you will end up with all of your Spreadcoin and equal amounts of Helium back minus maybe a small escrow fee.
How can double-dipping happen with a snapshot?
Hopefully this explains the current proposals for the economic fork:
Details and alternative options are still being reviewed.
Details and alternative options are still being reviewed.
bump
So after the swap will we still have control of our spreadcoin, or are we literally trading it for helium ?
If I understand correctly I believe the snapshot is to avoid double dipping. However, you will end up with all of your Spreadcoin and equal amounts of Helium back minus maybe a small escrow fee.
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