Frequently Asked Questions

Q. Why was the original thread locked and discussion moved here?
A. Trolls and FUDsters took over. While we welcome difficult questions and want to be fully transparent, some people chose to create misinformation and make the thread unusable for normal tasks and communication. As such, it was decided to move the discussion here. Again, we welcome difficult questions and important ones will be added to this FAQ. The original thread can be seen here: https://bitcointalk.org/index.php?topic=715435.0

Q. Is it possible to create pools?
A. If a pool is created, any miner can steal all of the blocks. Theories have been put forth on ways to get around this such as coding in a collateral system, but none have been created. There is currently a 3500 SPR bounty on the creation of a public pool that successfully runs with no stolen coins for 30 days.

Q. I heard Mr. Spread (the Spreadcoin developer) lost all his coins. Is that true?
A. Mr. Spread mined 80,000 coins that he then lost in an unfortunate accident with his wallet. He was never able to recover them. As he no longer had any coins, the community stepped up and donated a little more than 65,000 coins to him so he would have cause to continue to develop the coin. You can read about this starting here and see how Mr. Spread and the community conduct themselves.

Q. Was there an instamine?
A. No. There was a hardfork at block 2200 to make things more suitable to solo mining. From this block forward, the block reward was reduced from 66.66 SPR to 6.66 SPR (diminishing over time as per the supply curve in the OP) and the blocktime was reduced from 10 minutes to 1 minute. The Spread generation speed and total supply thus remain the same, as one tenth of the SPR is being generated ten times as often.

Q. What purpose will masternodes serve?
A. Masternodes will allow for InstantX and additional functionality will be added in the future. Stay tuned...