Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SpreadCoin | True Decentralization (No Pools) | Testing New Masternodes
by
spreadnodes
on 04/02/2015, 00:32:12 UTC
The whole point of projects coming under attack is to see if they can survive. That's also the nature of the bitcoin code and mining.

edit

but seriously, this project at this stage is overpriced. it really should be closer to 0.0001000

I have no issues with a coin coming "under attack" and am currently of the opinion that this one happens to be one of the few coins that can stand on its own merits now and hopefully in the future. But the unethical practice of using sock puppets instead of your "regular " BCT account to spread lies and disinformation cannot be defended and should not be supported by this forum through its inaction. If one believes in something they have to say, have the balls to risk the rep of your "invested" avatar when saying it. That simple practice would increase the value of this forum immeasurably.

Like bitcoin, price is really ancillary at the moment and will hopefully take care of itself one way or the other based on future development, practicality and adoption.

you can keep believing that socket puppet accounts are responsible for everything that is wrong with this project, if that is what helps you sleep better.

spr is still x3 overpriced.

SPR is difficult to get, having large amounts of SPR will allow for masternodes, so the supply of SPR will greatly decrease as time goes on. If you know anything about basic economics then you will realize that a low supply and a high demand creates a high price.

Spreadnode isn't hard to get.  You can buy it on numerous exchanges.  The thing is that nobody's buying.  The volume is just a couple people selling back and forth to themselves.  That's why people like bittrex.  You can sell into your own buy orders and buy from your own sell orders.  Nothing but fake trades for some time now. 

spreadcoin is only hard to get if you try to mine it.  It wasn't hard in the beginning and solo only was a great concept.  Unfortunately that concept evaporated with a couple large farms, private optimized miner and private pools.  Even a six GPU rig that many people mine with and are able to accumulate a few coins by mining on pools can't compete with the hash rates from the farms using optimized miners.  Blocks are few and far between and mining spreadcoin is a waste of time and electricity.

The game is rigged in a very bad way and that fact is coming to light. 

Having a low supply of a worthless altcoin will not increase demand.  An actual use for the coin might create demand but there isn't any use for spreadcoin or 99% of all the other worthless altcoins that slowly fade away replaced by some other cool coin with blah blah blah features.

Having masternodes does nothing.  Anyone can now clone darkcoin or spreadcoin and have a masternode network.  So what?  Darkcoin is a year old, has masternodes, and has lost significant value since masternodes even though a significant amount of darkcoin is committed to masternodes. 

Explain how masternodes will do anything for spreadcoins value?  What are the masternodes going to do?  Will it be another repeat of darkcoin with months and months of testing and then a bunch of people pumping it after some alleged progress?  Oh wait, that's exactly what the plan is.  Complete with darkcoin defectors trying to recreate their last pump like they did with darkcoin.  They made a bunch of money and left a bunch of bagholders.

Comparing basic economics to an altcoin is completely ridiculous.  Low supply of something that does nothing is worth nothing.  It's not like were talking about something tangible like a collectors car, diamonds, gold, etc...   We're talking about one of thousands of altcoins all claiming to be the next bitcoin but unlike bitcoin can't be used for anything.