Post
Topic
Board Announcements (Altcoins)
Re: [ANN][SPR] SpreadCoin | True Decentralization (No Pools)
by
georgem
on 25/01/2015, 16:00:17 UTC
Again, you don't even have masternodes setup as a network to provide tx locking. Are you really going to want tx locking on say 50 masternodes? 100? How many is enough to actually provide viable consensus? People keep talking like IX is right around the corner here, maybe it is, but I question sensibility without any pre-existing infrastructure to support its design. Lots of dreamers here, that's for sure.

Why dreamers?

Darkcoin made a powerful masternode network happen in just one year, and this with the quite hefty price tag of 1000 DRK per MN.

SPR masternodes will be more flexible, both in price and in installation requirements.

Plus, the darkcoin people will probably be most interested in running a DRK and SPR masternode side by side... why shouldn't they, if they already have the infrastructure in place?
Sounds like a nice additional profit without any large expenses.


So far, this is nothing more than a glorified clone. The no-pool thing is gimmicky without standing the test of time (test of time? Like the 12 months of darkcoin? Cryptos are a very young technology!) in terms of whether or not this really will prevent creative pools from mining. Besides, isn't there a miner (or group of miners) that control in excess of 20% of the existing network hash. How is that decentralized? Further, the current distribution coupled with lack of volume only indicates that when the masternodes do come into play, it's going to remain incredibly centralized with only a handful of parties involved.(who's that darkcoin guy again who owns 100 Masternodes?)  
When you have people owning in excess of 7% of the outstanding coins, you have problems (baseless assumption). Evan has already done the heavy lifting here (what about satoshi? who we still owe atleast 95% of all our code?), IX code is out on github and has been since November (iirc). People seem to make it seem like Mr. Spread is superior to Evan in terms of ability when there hasn't been anything truly innovative here. The SpreadX11 came from a mistake in playing with the blocktemplate which is currently the sole selling point of this coin (do you just make that up?). Did he find a potential vulnerability in DRK, sure, but if you have enough eyes looking at various areas of the codebase, (yes, but remember that eduffield went closed source for the first 6 or 7 months, that's why you see bugs found only NOW and not already months ago) you're bound to find bugs and the likes on new code that isn't even a year old. When Mr. Spread actually does something innovative besides taking code that Evan and team has already designed, then I will be interested. (darkcoin's masternode model is NOT suitable for spreadcoin, that's why we need to adjust it accordingly) Until then, its a glorified clone with a gimmicky idea that hasn't stood the test of time in terms of viability. (Then come back in a year or so, why blame a coin for "not standing the test of time" when it is just 6 months old. lol.)

Now bring on the haterade. (look who's talking)

You just hate competition...

I for one love both coins, and think they will be of benefit to each other.