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Topic
Board Announcements (Altcoins)
Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
by
defunctec
on 08/01/2015, 22:46:56 UTC
How can you centralize 3000 MN's?
Because a comparatively few people will end up running all of them. You'll have a situation as bad as a handful of people controlling other PoW coins' hashrate via their centralised pools.

For a few people to control this network we are talking hundred's of thousands of spr(with current supply), and in years to come million's.
Utoh on darkcoin thread has over 100 MN's 100,000 DRK! And he still is only 1/16th of the entire DRK MN network.

It's unrealistic for a small group to have enough coins between them to build a monopoly, as shown above.
It all comes down to how many MN's MrSpread set's as the maximum.

You are right about my calculations but solidify's my argument. With 5 million spr you can only fund 3000 MN's with 1666 SPR, making your monopoly even weaker than i thought.
I still have no idea what your point is here, sorry. Smiley  And Mr Spread was talking about a hard limit on the max number anyway.

I will keep trying.

MrSpread sets the maximum amount of MN's to 3000.

So there are 3000 available slots on the MN network.

Me and 5 other people own 40% of the current supply 600,000SPR.

We try to gain 50% of the MN network with our 600,000SPR and find out we can only fund 1500 MN's with 400SPR.

I understand your points, but you must understand that to gain a monopoly over this system is to own over 50% of the currency, which is ridicules.

EDIT: 50% would not be enough to have a monopoly btw.

Would love to hear MrSpread's opinions on this matter.