[SPR] Spreadcoin Speculation | Bitcointalksearch.org

coins101

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Quote from: Gladimor on January 12, 2016, 09:40:24 PM

....

VCs that are invested into BitCoin-related startups and in BitCoin itself actively are looking for ways to assist in supporting the full node network. For example, one of the primary goals of 21 Inc. is to increase the number of nodes (pre-installed into their products) globally. That company received $116M in funding.

If SpreadCoin were to assist BitCoin as a 2nd tier network, I don't see why SPR couldn't have a marketcap valuation of at least in the 8 figures.

I have been intrigued for about a year now that ServiceNodes are individual business entities.

You get some coins, you pay for monthly hosting, you manage the service, you choose which products you want to host, you get paid for your services.

In any other walk of life, that is a business.

There is no reason why you couldn't set-up a company structure around running a service node in order to benefit from the various tax incentives from running a business entity.

The issue - we will have IP checks and balances around centralisation of nodes; so while you could throw-up lots of nodes around the world as a single entity, which could posse a problem that is faced by mining, IP checks make it tricky and potential counter measure could make it a risk. This is why the white paper talks about small profits and not allowing nodes to earn big profits - but this is an issue yet to be fully addressed.

I suppose that this is the counter to setting up nodes as business entities, when just considering Bitcoin full nodes. The effort vs. reward is not there on a mass scale unless you run all the nodes in the network or the price gets to very high levels. But then, trying to control the node network is something that can be done today, that's how AML compliance is starting to pan out.

Gladimor

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Quote from: coins101 on January 12, 2016, 06:16:11 PM

Quote from: 1btcdream on January 12, 2016, 03:34:54 AM

Quote from: Pollak on January 11, 2016, 06:44:38 PM

Quote from: Abou Talha on January 10, 2016, 01:21:00 PM

Quote from: shanem on January 10, 2016, 11:05:15 AM

I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

Spreadcoin will be pumped like Darkcoin. Buy before Servicenodes release.

All coins are victimised by pumpers and dumpers. However some coins are more vulnerable.
With Spread having a decent volume it will be pumped again soon.

Without a doubt, I'm glad I bought around 1btc worth of SPR @ 7000 sat.

The really big question is: could SPR ever be worth 10% of Bitcoin, on the basis that the project aims to have 3,000 to 5,000 Bitcoin full nodes over the next few years - will supporting the mother ship and the infrastructure that makes it run more smoothly be rewarded by the market?

VCs that are invested into BitCoin-related startups and in BitCoin itself actively are looking for ways to assist in supporting the full node network. For example, one of the primary goals of 21 Inc. is to increase the number of nodes (pre-installed into their products) globally. That company received $116M in funding.

If SpreadCoin were to assist BitCoin as a 2nd tier network, I don't see why SPR couldn't have a marketcap valuation of at least in the 8 figures.

coins101

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Quote from: 1btcdream on January 12, 2016, 03:34:54 AM

Quote from: Pollak on January 11, 2016, 06:44:38 PM

Quote from: Abou Talha on January 10, 2016, 01:21:00 PM

Quote from: shanem on January 10, 2016, 11:05:15 AM

I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

Spreadcoin will be pumped like Darkcoin. Buy before Servicenodes release.

All coins are victimised by pumpers and dumpers. However some coins are more vulnerable.
With Spread having a decent volume it will be pumped again soon.

Without a doubt, I'm glad I bought around 1btc worth of SPR @ 7000 sat.

The really big question is: could SPR ever be worth 10% of Bitcoin, on the basis that the project aims to have 3,000 to 5,000 Bitcoin full nodes over the next few years - will supporting the mother ship and the infrastructure that makes it run more smoothly be rewarded by the market?

1btcdream

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Quote from: Pollak on January 11, 2016, 06:44:38 PM

Quote from: Abou Talha on January 10, 2016, 01:21:00 PM

Quote from: shanem on January 10, 2016, 11:05:15 AM

I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

Spreadcoin will be pumped like Darkcoin. Buy before Servicenodes release.

All coins are victimised by pumpers and dumpers. However some coins are more vulnerable.
With Spread having a decent volume it will be pumped again soon.

Without a doubt, I'm glad I bought around 1btc worth of SPR @ 7000 sat.

Pollak

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Pollak

Quote from: Abou Talha on January 10, 2016, 01:21:00 PM

Quote from: shanem on January 10, 2016, 11:05:15 AM

I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

Spreadcoin will be pumped like Darkcoin. Buy before Servicenodes release.

All coins are victimised by pumpers and dumpers. However some coins are more vulnerable.
With Spread having a decent volume it will be pumped again soon.

smooth

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Quote from: rhinomonkey on January 11, 2016, 11:17:55 AM

Quote from: smooth on January 11, 2016, 03:44:49 AM

Quote from: rhinomonkey on January 10, 2016, 08:38:21 PM

What would you say gives DASH it's value (you've been around it for a while and may have a better idea than I do)? If it was purely valued based on the cash flows produced by a master node, then it might be safe to assume SPR would be valued based on the cash flows SN's produce as well.

Perhaps it's not a fair comparison, idk. I suppose time will tell Grin

The value of Dash derives purely from speculation. Yes the masternodes produce income but it is essentially all in the form of new coins paid for locking your coins into a masternode (i.e. staking interest). The income is not from revenue paid to provide a service, it is just redistributing coins within the system.

If you have something that provides a service people actually want and pay for, the valuation model would be completely different.

Smooth has arrived, everyone. Cool

So basically, Dash is a self perpetuating system of valuation which makes it hard to value. If price went up a lot then the "value" of the node in terms of collateral plus dash flows would also go up, with no real new revenue from outside of the network. So SPR would differentiate later on if there were people paying for the services it provides and contributing real value to the network. Makes sense then that valuation now is just guesswork.

Edit: I forgot to say thank you. Thanks for clearing that up for me.

I wouldn't necessarily say self-perpetuating, but its value is based on some expectation of it having value in the future. It is not based on service revenue masternodes are receiving now or in the near future.

rhinomonkey

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Ni dieu ni maître

Quote from: smooth on January 11, 2016, 03:44:49 AM

Quote from: rhinomonkey on January 10, 2016, 08:38:21 PM

What would you say gives DASH it's value (you've been around it for a while and may have a better idea than I do)? If it was purely valued based on the cash flows produced by a master node, then it might be safe to assume SPR would be valued based on the cash flows SN's produce as well.

Perhaps it's not a fair comparison, idk. I suppose time will tell Grin

The value of Dash derives purely from speculation. Yes the masternodes produce income but it is essentially all in the form of new coins paid for locking your coins into a masternode (i.e. staking interest). The income is not from revenue paid to provide a service, it is just redistributing coins within the system.

If you have something that provides a service people actually want and pay for, the valuation model would be completely different.

Smooth has arrived, everyone. Cool

So basically, Dash is a self perpetuating system of valuation which makes it hard to value. If price went up a lot then the "value" of the node in terms of collateral plus dash flows would also go up, with no real new revenue from outside of the network. So SPR would differentiate later on if there were people paying for the services it provides and contributing real value to the network. Makes sense then that valuation now is just guesswork.

Edit: I forgot to say thank you. Thanks for clearing that up for me.

smooth

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Quote from: rhinomonkey on January 10, 2016, 08:38:21 PM

What would you say gives DASH it's value (you've been around it for a while and may have a better idea than I do)? If it was purely valued based on the cash flows produced by a master node, then it might be safe to assume SPR would be valued based on the cash flows SN's produce as well.

Perhaps it's not a fair comparison, idk. I suppose time will tell Grin

The value of Dash derives purely from speculation. Yes the masternodes produce income but it is essentially all in the form of new coins paid for locking your coins into a masternode (i.e. staking interest). The income is not from revenue paid to provide a service, it is just redistributing coins within the system.

If you have something that provides a service people actually want and pay for, the valuation model would be completely different.

rhinomonkey

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Quote from: coins101 on January 10, 2016, 07:16:04 PM

Quote from: rhinomonkey on January 10, 2016, 01:07:03 AM

....
So, what this is essentially saying is that SPR could have a bigger marketcap than dash? I mean even if you're talking millions or high thousands of dollars being SPREAD across nodes, things look bueno.

I did notice your model and that was part of the reason I put this here. I figured there was a connection between that post and why you were involved with SPR now haha

Well, what it should mean is that service nodes will become businesses so you could value them as such.People value businesses on the basis of future earnings. So if your node makes $1,000 per year then its value could be $15k if someone wanted to buy your spot on the list because of the limited numbers allowed on the network.

The valuation figures are just guesswork ATM, but that's the way I think things might pan out

What would you say gives DASH it's value (you've been around it for a while and may have a better idea than I do)? If it was purely valued based on the cash flows produced by a master node, then it might be safe to assume SPR would be valued based on the cash flows SN's produce as well.

Perhaps it's not a fair comparison, idk. I suppose time will tell Grin

coins101

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Quote from: rhinomonkey on January 10, 2016, 01:07:03 AM

....
So, what this is essentially saying is that SPR could have a bigger marketcap than dash? I mean even if you're talking millions or high thousands of dollars being SPREAD across nodes, things look bueno.

I did notice your model and that was part of the reason I put this here. I figured there was a connection between that post and why you were involved with SPR now haha

Well, what it should mean is that service nodes will become businesses so you could value them as such.People value businesses on the basis of future earnings. So if your node makes $1,000 per year then its value could be $15k if someone wanted to buy your spot on the list because of the limited numbers allowed on the network.

The valuation figures are just guesswork ATM, but that's the way I think things might pan out

Abou Talha

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Quote from: shanem on January 10, 2016, 11:05:15 AM

I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

Spreadcoin will be pumped like Darkcoin. Buy before Servicenodes release.

rhinomonkey

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Ni dieu ni maître

Quote from: shanem on January 10, 2016, 11:05:15 AM

I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

Definitely not dead. Go check out the development going on:

https://bitcointalksearch.org/topic/m.13481105

shanem

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I thought that this coin was dead. I remembered the dev disappeared halfway and the coin was down to a few thousand satoshi but now the coin is more than 10k satoshi. Is there a takeover of this coin?

12dailycoin

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i hope SPR will be up

rhinomonkey

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Quote from: coins101 on January 09, 2016, 04:58:31 PM

Quote from: rhinomonkey on December 29, 2015, 01:55:02 AM

Check out this modeling technique used by someone doing some calculations for Dash MN's:

https://www.reddit.com/r/DRKCoin/comments/2e489p/darktor_valuation/

The same could be done for SPR SN's. Then there is less speculation on price...the only speculation you will have to do is on the amount of revenue you think an individual service node will be able to produce (which I suppose is no real easy task).

If you notice further down the thread, there is a link to my own valuation which was done before:

Quote from: coins101 on August 20, 2014, 04:00:24 PM

Web 3.0 (DarkTor for a little while longer)

Updated thinking from a few challenges on value

Current coin supply is 4.5m

Using 1,000 DRKs to create a MN (this could be changed at any time in the future to link it to, say, $5k per MN)

Assuming we get 2,250 MNs (we already have over 600 just to process privacy mixing).

Assuming we can charge $0.5 / day (about $180 / year)

Assuming average users per day reaches 1m (Tor currently has about 2.2m)

$500k daily revenue split by 2,250 MNs.

Annual revenue per MN = $81k.

Say, costs are $20k.

Profit = $61k.

Profit / Earning multiple (effectively how long you are prepared to wait to get your investment back) = 10

As an investment, each MN would be worth $611k.

As people accept prices rise, this does not take into account increases in costs or revenue.

As MNs are expected to add additional services, for example BTC <> DRK exchanges (I've considered the regulatory issues, and from my current understanding, regulators don't see crypto to crypto as an exchange; only crypto to fiat or fiat to crypto)

So, with other services, each MN could have an investment value of $600k to $1.2m.

As to the issue of causing shortage of DRKs, as Sir Crouton has pointed out, we just change where the decimal point sits.

Bitcoin has max supply of 21m. Bitcoin is intended to transact $billions if not $Trillions. So it was always the case that 21m coins would be segmented down, thereby increasing liquidity. Same for DRK. Its a non-issue.

MN = Infrastructure, which is optional.

DRK = currency

edit. more challenges please.

This is the sort of approach that gets new investors into crypto. I want some more robust arguments for and against.

DRK can be worth $billions with something tangible like this.

You'll also notice that I talked about services. Well, that wasn't going to happen in DRK because everyone wanted to go after BTC. So, when SPR came along I and others pushed for services to be a central feature of SPR, instead of DRK (now DASH).

So, this valuation still stands, but its now only really relevant to SPR.

So, what this is essentially saying is that SPR could have a bigger marketcap than dash? I mean even if you're talking millions or high thousands of dollars being SPREAD across nodes, things look bueno.

I did notice your model and that was part of the reason I put this here. I figured there was a connection between that post and why you were involved with SPR now haha

coins101

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Quote from: rhinomonkey on December 29, 2015, 01:55:02 AM

Check out this modeling technique used by someone doing some calculations for Dash MN's:

https://www.reddit.com/r/DRKCoin/comments/2e489p/darktor_valuation/

The same could be done for SPR SN's. Then there is less speculation on price...the only speculation you will have to do is on the amount of revenue you think an individual service node will be able to produce (which I suppose is no real easy task).

If you notice further down the thread, there is a link to my own valuation which was done before:

Quote from: coins101 on August 20, 2014, 04:00:24 PM

Web 3.0 (DarkTor for a little while longer)

Updated thinking from a few challenges on value

Current coin supply is 4.5m

Using 1,000 DRKs to create a MN (this could be changed at any time in the future to link it to, say, $5k per MN)

Assuming we get 2,250 MNs (we already have over 600 just to process privacy mixing).

Assuming we can charge $0.5 / day (about $180 / year)

Assuming average users per day reaches 1m (Tor currently has about 2.2m)

$500k daily revenue split by 2,250 MNs.

Annual revenue per MN = $81k.

Say, costs are $20k.

Profit = $61k.

Profit / Earning multiple (effectively how long you are prepared to wait to get your investment back) = 10

As an investment, each MN would be worth $611k.

As people accept prices rise, this does not take into account increases in costs or revenue.

As MNs are expected to add additional services, for example BTC <> DRK exchanges (I've considered the regulatory issues, and from my current understanding, regulators don't see crypto to crypto as an exchange; only crypto to fiat or fiat to crypto)

So, with other services, each MN could have an investment value of $600k to $1.2m.

As to the issue of causing shortage of DRKs, as Sir Crouton has pointed out, we just change where the decimal point sits.

Bitcoin has max supply of 21m. Bitcoin is intended to transact $billions if not $Trillions. So it was always the case that 21m coins would be segmented down, thereby increasing liquidity. Same for DRK. Its a non-issue.

MN = Infrastructure, which is optional.

DRK = currency

edit. more challenges please.

This is the sort of approach that gets new investors into crypto. I want some more robust arguments for and against.

DRK can be worth $billions with something tangible like this.

You'll also notice that I talked about services. Well, that wasn't going to happen in DRK because everyone wanted to go after BTC. So, when SPR came along I and others pushed for services to be a central feature of SPR, instead of DRK (now DASH).

So, this valuation still stands, but its now only really relevant to SPR.

Gladimor

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And here is the big ANN:

https://bitcointalksearch.org/topic/m.13481105

Gladimor

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Big update tonight:

https://bitcointalksearch.org/topic/m.13408504

gjhiggins

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Quote from: ?? on ??

Spread those coins!

Spread those loins!

FTFY

Cheers

Graham

rhinomonkey

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Check out this modeling technique used by someone doing some calculations for Dash MN's:

https://www.reddit.com/r/DRKCoin/comments/2e489p/darktor_valuation/

The same could be done for SPR SN's. Then there is less speculation on price...the only speculation you will have to do is on the amount of revenue you think an individual service node will be able to produce (which I suppose is no real easy task).

Topic: [SPR] Spreadcoin Speculation (Read 2291 times)