Re: [ANN] SpreadCoin | Decentralize Everything (official thread)
....I'm behind the current path.
"PoBN" will be hard to implement, but i don't really see the harm in taking this direction.
If successful SPR will be responsible for 1000 new bitcoin nodes (practically off the cuff). That's got to be worth something to both bitcoin and spreadcoin networks.
I just wanted to hear "thelones" unique opinion, still waiting
"PoBN" will be hard to implement, but i don't really see the harm in taking this direction.
If successful SPR will be responsible for 1000 new bitcoin nodes (practically off the cuff). That's got to be worth something to both bitcoin and spreadcoin networks.
I just wanted to hear "thelones" unique opinion, still waiting
What about the viability of the funding mechanism?
What funding mechanism? The whitepaper wasn't clear on it. The BTC crowd aren't keen to incentivise 'their own' nodes, I don't see them paying SPR nodes for this service.
Thanks. I'll make it clearer in v.03. It's not the bitcoin community having to fund the program. It's anyone that wants decent data being generated by the blockchain and the nodes.
p. 36
Quote
To compensate servicenode users financially and to sustain the costs of hosting a Bitcoin node over the long-term, a percentage of income derived from the provision of services on the Spread network is paid to node owners. This is in addition to sharing an allocation of the mining rewards paid to Spreadcoins miners.
p. 38
Quote
By deploying a program to incentivise bitcoin nodes, the Spread network could operate an open source basic data mining service that could generate valuable block chain data revenues which in turn would be used to pay full node owners. Members of the open source community could also create scripts they would like added to analyse Bitcoin block chain data.
p.39
Quote
An incentives program governed by the Bitcoin community could lead to the creation of 3,000 to 5,000 over the medium-term. Structured favourably a full node program could prove to be exceptionally popular, mimicking the popularity small scale mining which drew thousands of people to Bitcoin before industrial mining took hold.
p.40
Quote
Tradeblock.com
Online cryptocurrency data and research provider TradeBlock has raised $2.8m in funding as part of a new investment round led by Andreessen Horowitz that also included SecondMarket CEO Barry Silbert, Devonshire Investors and FinTech Collective.
Clearly, businesses are investing in Bitcoin data mining and block chain analysis tools.
One of Bitcoins biggest assets are full nodes. Full node owners should benefit from the data that they help to protect and provide.
Online cryptocurrency data and research provider TradeBlock has raised $2.8m in funding as part of a new investment round led by Andreessen Horowitz that also included SecondMarket CEO Barry Silbert, Devonshire Investors and FinTech Collective.
Clearly, businesses are investing in Bitcoin data mining and block chain analysis tools.
One of Bitcoins biggest assets are full nodes. Full node owners should benefit from the data that they help to protect and provide.
https://docs.google.com/document/d/1oXPcN_l3vHIJq0PmhsVWCvdx45ovcJ-ifxkOPEOClZw/edit