Topic: [PRE-ANN] Spark: Whole new codebase for a whole new crypto [1/4] - page 3. (Read 10506 times)

Interesting to see negativity in a self moderated thread.

I would see it as a positive sign if none of the negative posts get removed. Keeping a close eye.

So you are taking the best of BitCoin, Dark and NXT.

Do you plan on writing over 10,000 lines of code just for the anonymity piece like the Dark team has done or wait until they finish all the hard innovative work so you can rip it off? Same goes for NXT....a lot of dev has gone into that as well.

IPO - People are tired of this shit - you want us to throw you money based on what you think the coin is worth.....then it hits the market and crashes.

YOU WILL GET NOTHING FROM ME

100% IPO is lame. You will receive nothing from me

yup

http://youtu.be/_s0195Inv3E?t=1m24s

Interesting

Well, I was excited until I read "can not be mined at all".  So its a 100% IPO coin.  How is this a good idea?

Not liking "IPO Only".

Could you pass the butter please 

From what I could make of it, I think the spark clouds are non-nodes, and is basically used to do confirmations and temporarily store records till a size quota is reached. Those opting to become nodes uses more resources to store and process the records and will not shut down like the spark clouds. In return, they get to keep the thunderbolt fee (or whatever its called) as a maintenance fee.

Of course I could be wrong.... I cant even get "hello world" to show up  

Might get some proper answers when the thread sequel comes. Interesting coin none the less... Its all about the name and the coin logo these days  

Well you've certainly shown that you can write, now you just need to learn how to read:

POOL   I LIKE IT

Let me get this straight, you want to remain anonymous yet you want me to send you BTC in exchange for some of your 'Sparks' - do you think people are crazy? How is this a 'cryptocurrency' if there is no cryptography involved? You are just asking me to buy an untested and brand new coin direct from its developers. I can go out and buy some Dollars or Yen or Euros right now, which actually have a demonstrated and current value, and more importantly are actually being used by millions of people right now!!

People want coins that can me mined with their hashing power, not bought at a pre-determined arbitrary rate from people they can't trace.

I will be very interested to see how much you are going to sell your Sparks for, as you are essentially setting up your own BTC market at a pre-determined price, thinly veiled as an IPO. I'm sure you will argue this point, but all your plan boils down to is 1) I send you BTC 2) You send me some Sparks over 10 months. This means you have decided the exchange rate from the start, which will very likely be way-off what the market decides they are worth. The market should decide how much a currency is worth, not its developers. With your IPO you are effectively selling a commodity that is a) not tested in the market and b) could easily settle at a value way below what you are selling it for.

This is exactly the same as me minting a load of coins in my basement, calling them NewDollars and selling them to people for $1USD each then hoping that people will actually use them. A currency will only be useful if it is adopted and used widely. Which you cannot guarantee.

All of the other features of your coin sound very good ideas, but MAKE IT MINEABLE otherwise it has no inherent value.

My advice to all is STAY AWAY and KEEP YOUR HARD EARNED BTC (or sell them for Fiat) don't waste them on this nonsense.

I'm also very curious as to how this works and maintains the decentralized nature of cryptocurrencies.

Excellent, looking forward for more information

without blockchain its centralized coin

very interesting. will follow closely.

fascinating evolution. great ideas.

q: have the devs worked on other coins, if so can we know which ones?

edit: and thanks for not calling it Sparkcoin....

*interested!*

So without the blockchain, what happens exactly when a "Spark Cloud" gets shutdown?  Are the transaction records no longer available to anyone?