Damn darkcoin Masternode CoinJoin 2.0. Why is DarkCoin still alive? Their are already faster and better anonymizing currencies. http://www.coinjoinsudoku.com/advisory/DarkCoin doesn't enable anonymity, it just convinces investors that it does. If you want privacy use something else. NO one tool will keep you anonymous, but Darkcoin most certainly does offer untraceable transactions. Darksend is computationally intractable, being a mechanical process. Also QC-proof! Darksend is to coinjoin what a Tesla Model S is to a Ford Model T. Your argument is void. |
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now up to 0.0085 on finex with a 100 BTC buy wall  Alright I suppose the real pump is starting. Brace yourselves and grab some popcorn. DRK getting whale pumped again is going to completely desanguinate a lot of altcoins. |
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Evan's InstanTX youtube vid at 1042 views after 18hrs. I didn't think there were that many people left in crypto...  |
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Below is a video demonstrating coins propagating on the network instantaneously. Compared to Bitcoin which takes ten minutes for one confirmation this takes seconds. This is a game changer in cryptocurrencies. Just one example would be that you'd be able to instantly send coins between exchanges for arbitrage. This not only sends the coins instantly but also confirms them making them available in seconds. Video demonstrating Darkcoin's Instant X: https://www.youtube.com/watch?v=zBjUPj-TmFE&feature=youtu.beReally very potent stuff; absolutely amazing. this is not a game changer, this is simple a copy from jl777 from InstantDEX. Unreal how uninformed peoples are https://nxtforum.org/nxtventures/instantdex-realtime-trading-of-nxt-nxt-assets-btc-and-btc-clones/first BlockNet and now Instant X. Get own ideas faggots Uh huh. j777 was the first human being ever to think of faster transactions. And the rest of us must sit around waiting for years until j777 actually delivers them. Shit or get off the pot.  |
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But would take longer, cost more? Or what's the catch?
Why would someone want to go for something higher than 100% confirmed?
Combine with multisig and you have the basis for multiparty temporal contracts. Tx locking on the long scale could be just as revolutionary (or at least useful) as on the short scale. Once locked, you have a guarantee that nobody (or no group) can spend the inputs for x blocks. I think.  Woah, Nice! Maybe it doesn't work the way I imagine, but I hope it does, because if it does then Darkcoin just got trustless smart contracts. Anonymous trustless smart contracts. Maybe Toknormal or coins101 could chime in about the utility of such arcane financial voodoo? Maybe I'm just howling mad, who knows? |
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But would take longer, cost more? Or what's the catch?
Why would someone want to go for something higher than 100% confirmed?
Combine with multisig and you have the basis for multiparty temporal contracts. Tx locking on the long scale could be just as revolutionary (or at least useful) as on the short scale. Once locked, you have a guarantee that nobody (or no group) can spend the inputs for x blocks. I think. |
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I think so, yes. Might be why Evan warned that you can't InstantX over and over and have to wait some time - because the coins have to go back the "normal" route before being vouched for again.
Or maybe it's just that you won't be allowed to InstantX again before your first instantX transaction is confirmed by the block chain the "normal" way, to ensure there will be no double spend.
I'm not sure about that part, I'd like some confirmation from Evan if possible, what scenario is possible, and what scenario isn't:
1) I receive an InstantX transaction and try to immediately send them through InstantX before reaching the amount of confirmation blocks required.
2)I send an InstantX transaction and try to send another one before the first one is completely confirmed.
According to the whitepaper the transaction look is between an input (or more) and an output (or more). You'll still be able to spend other inputs. I meant try to send another InstantX transaction, but your answer is still valid I think The whole process needs to start with a hash to base the masternode selection off of. If you can change that hash, you can pick the masternodes you'll use (if you can pick the masternodes, you could fake a lock). To secure the system I'm using the proof of work hash, that takes the entire network's bandwidth to create so it's safe to start there. After that, it uses a deterministic algorithm to pick the top 10 masternodes and the whole network knows who they are for that specific hash. Before I was using just the current block's hash, that's also very secure, but it means that ALL transactions would go through 10 masternodes and that's not decentralized at all. So instead I'm getting the depth of the first instantx transaction input, and grabbing the hash of that block. So let's say the transaction was included five blocks ago, I'll go grab that hash and base the masternode selection off of that. That means we get security (we don't want users picking their nodes) and each transaction will pick different masternodes (we can scale this). I had to read that twice to grasp it, but when I did, I was a happy crouton.  |
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Also, what would be the interest of doing a instantxdepth = 1?
Because 99.9% of the time, that's all that is actually needed? 6 confirms being the standard is just a number someone once pulled out of their arse and it has become accepted, I don't think there's any concrete reason for it. |
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Instant(tx) is also going to be good in a Multi-Sig environment... If transactions can be locked for an arbitrarily long number of blocks, with multisig, you basically have n-party contracts... |
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Will the code for this be immediately open sourced? If it is what's to stop all the shit coins immediately copying it?
Good luck cutting and pasting 1150 Masternodes. (The tx locking is done via Masternodes.) |
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Great video! You will be laughing at me - but most important that I get from: 1. This video: «There is some real man behind the project speaking fluently without stuttering and without Indian/Chinese accent». - May be not as «genius PR-man», but much better then «regular programmer». 2. Shadowcoin story: There are guys in Darkcoin team that can think strategically and "out of the box" and act as real entrepreneurs. - May be not «genius businessmen», but much better then «regular programmers». You will be laughing at me - but this 2 points of Darkcoin mean for me more than bunch of crypto features. Yep, The Foundation needs to drag Evan "Satoshi2.0" Duffield away from the code now and again and stick him in front of a camera. |
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Wonder how many views that's going to have by Monday?  |
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Boss, that was... kinda sexy.  |
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Cryptocurrencies have drugs covered, but will never be mainstream until you can get sex with them too. When you can visit your local brothel and pay in DRK, well, that will be a great day. edit: Susi.D your clients would be far safer paying you in Darkcoin, unlike Bitcoin it can't be traced. |
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[spoiler] Nick Szabo[/spoiler] Although a few people have wondered to me if chaeplin is Satoshi, who knows?  |
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Will instantX accelerates the mixing process?
Will the liquidity update be a sufficient solution?
InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees? Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up. InstantX will NOT accelerate the mixing process. I figured out a way to use the entire masternode network in a completely 100% decentralized way, but the trade off is it will require inputs that have at least 5 confirmations. However, this means that when sending a transaction, the 10 voting notes are going to be unique, so the system will be very difficult to DDOS (you'll theoretically have to DOS all masternodes to succeed). However, this means you can't send multiple transactions one after another based on InstantX, they have to be a few minutes apart. The really nice thing is this will scale now, to HUGE levels with no effect on the network. Darksend just needs more users, we can bootstrap it with the liquidity providers and it'll take a few hours for people to complete their mixing. Eventually when we have enough users, we can disable the liquidity providers and Darksend will get to the point where it just takes a few minutes. It just needs 2.5 minutes per round, so 4 rounds (which is rather good privacy) could theoretically take just 10 minutes. I'm going to record a demonstration today of InstantX and put it on YouTube, this technology is really amazing. I can't wait to hear what people think of it. looking forward to it If Evan's obvious enthusiasm and love of the project (why I invested) carry over to video, this is going to be a very good thing. |
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Cryptsy inside trading going on,the order book looks strange at some points,you will be fucked when you buy on those peaks,watch out..
So, another day wit a 'y' in it then? |
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The sudden invasion of the SDC sales team here was quite telling. ZeroVert has already beaten them to a working ZK implementation, right now as far as I can tell SDC has a html wallet that can play gifs and bugger all else. |
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Glad I held. I was so close to letting my Dark go just the other day. Feels like the pump is over now, more settled rise to 0.008 I think.
that, or a fake out.. i guess we'll find out in the comng days. I am taking it as a positive sign that hero member 'tokeweed' has entered the thread... tokeweed, it's hard to ask this in a bitcoin thread without getting shat upon by frothing zealots, but do you think the bitcoin crowd who have been using BTC on the deep web up to now are finally getting the message that BTC (plus trusted mixers that magically get 'hacked' etc.) isn't the best tool for the job? If any of the tor sites that got busted yesterday have been keeping records, there's a fair chance that users as well as dealers might be getting a knock at the door from nasty men in uniforms. |
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