Brilliant!! Only that I fear it might be too advanced for already too advanced alt-coin so perhaps it could wait until both technologies mature  |
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Fantastic! I am proud to be a member now and hoping to contribute more in the future. |
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Buying 450 @ 0.0062468 on Cryptsy if someone would like to sell a few Not me. @ 0.016 I might consider helping you  |
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Salkenex = Ignore Yeah, but when fuck of and die people like that sorry creature whose bullshit just showed up, it would be a good practice NOT to quote them. |
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I'm not on Facebook or Twitter. So, I uttered the very same sentence in front of my friend's 7 y.o. son, telling him to send me an e-mail instead. And the kid says: "Email? You're so retarded!" |
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Bump. Get out there and vote! I admire your efforts and enthusiasm but I do not think you should have Evan's name placed in the "POH is granted..." -- while I get the idea, it may be seen as misleading and, worse, presumptuous. Evan is all but presumptuous so I think even such a tiny detail matters. Just my 2 cents. Take them or shrug them off at your own will. |
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He apparently describes one bug, is there any truth to his claim?
Not until I see Evan's response. If he did find a bug, it will be fixed in short order I'm certain. Im sure it can be fixed but if true, then his other claims have ground to stand on. Can anyone test his claim on a testnet ?  |
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Crypto will never be as big as Apple whilst the majority of Linux developers call the general public "stupid" for not being able to run a computer via a command line. It requires a complete paradigm shift that's going to take a while to set in. While I fully understand your point that came after the "whilst" I can't resist! You will enter the history, along the lines of: "I think there is a world market for maybe five computers." -- Thomas Watson, chairman of IBM, 1943 "The cinema is an invention without any future." -- Luis Lumière. Do you remember the "We will never need more than 640kb of ram comment?" I'm really showing my age now |
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Crypto will never be as big as Apple whilst the majority of Linux developers call the general public "stupid" for not being able to run a computer via a command line. It requires a complete paradigm shift that's going to take a while to set in. While I fully understand your point that came after the "whilst" I can't resist! You will enter the history, along the lines of: "I think there is a world market for maybe five computers." -- Thomas Watson, chairman of IBM, 1943 "The cinema is an invention without any future." -- Luis Lumière. |
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its basically about the problem which occurs in every pow coin, also btc.
the whole network hash rate (which secures the network and is meant to be decentraliced on miners all over the network) is tunneled through the major pools.
if a pool reaches more than 51% of the network hash rate, the pool operators could do attacks like doublespending etc..
its also easy to attack the network by compromising the pool servers of the 3 largest pools (which make up a hash rate greater than 51%)
edit: thelonecrouton, do you know some mathematical analysis, paper or something which shows why pool users gain more block rewards (pool finds more blocks statistically) than solo miners?
My assumption would be there is no difference at inifinite time
Great, thank you. |
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Security Analyst: "Actually boss they aren't decentralised at all."
Serious Investor: "What do you mean?"
Security Analyst: "Well in theory the security of the network is provided by many thousands of individuals and their mining machines, but in practice only 2 people and 2 machines need to be compromised to own, dictate the policy of, or destroy the coin."
Serious Investor: "But aren't there many thousands of miners?"
Security Analyst: "There are, but 1000000 miners all directing their efforts through 2 pools is from a security POV exactly the same as there being just 2 miners. Control those 2 pools, or the people that run them, and you effectively own the whole currency."
Serious Investor: "Well, I'll be taking my $millions elsewhere then, thanks." OK - you've been hammering on this issue for some time now. I would argue with your title by stating that if one address: XnuCAYmAiVHE6Xv3D7Xw685wWzqtcfexLh has 350,964 Darkcoins or $852,842.52 per today's Cryptsy DRK/USD price at $2.43 or another XwXtGyj1NZnmHfWFDYjGsyY4qzkJXBLCjV has 153,555 Darkcoins or $373,138.65 per today's Cryptsy DRK/USD price at $2.43 so these are pretty big investments for a project in its initial phases, by I am not going to. What your Security Analysts says is true but slightly misleading: -- there are more than 2 pools controlling majority of MN; -- there are many countries hosting the MNs i.e. a crude, outright criminal, physical attack on the said services / or the people running would have to deal with different jurisdictions (Jacuzzi will have to cooperate with Mafia etc.) assuming an attack is ever going to happen. But, I am wondering, if Darkcoin isn't even like Mega i.e. it is not a tool enabling something the authorities deem illegal, but, as cash (or beans or clay toys or dollars or pre-paid mobile-phone minutes as a currency in Africa) can be used, mostly, for legal activities. So, if the danger of this tiny little innovation is so huge for a multi-trillion dollar Financial Crime Cartel industry and their political minions that they would be ready to strangle the toddler in its crib, so be it... but how real this is? BUT - I agree, your concerns are valid so the question is: how to lessen the concentration of the MN in too few hands? i think u misunderstood, the problem is caused by miners not master nodes... (miners responsible for chain, mn responsible for mixing) Most likely for I am a n00b but you can understand my confusion. I use Flare services so I own MN that is also mining, no? I mean, that thingy is giving me some extra coins. My own motivation wasn't to get these "few extra coins" because I am buying 100s time more on the open market but to support the coin, the network etc... and I have no clue what the others think and what is their motivation. Could you tell me please, in layman terms, how is what he explains really dangerous? What is the crux of the problem? |
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Security Analyst: "Actually boss they aren't decentralised at all."
Serious Investor: "What do you mean?"
Security Analyst: "Well in theory the security of the network is provided by many thousands of individuals and their mining machines, but in practice only 2 people and 2 machines need to be compromised to own, dictate the policy of, or destroy the coin."
Serious Investor: "But aren't there many thousands of miners?"
Security Analyst: "There are, but 1000000 miners all directing their efforts through 2 pools is from a security POV exactly the same as there being just 2 miners. Control those 2 pools, or the people that run them, and you effectively own the whole currency."
Serious Investor: "Well, I'll be taking my $millions elsewhere then, thanks." OK - you've been hammering on this issue for some time now. I would argue with your title by stating that if one address: XnuCAYmAiVHE6Xv3D7Xw685wWzqtcfexLh has 350,964 Darkcoins or $852,842.52 per today's Cryptsy DRK/USD price at $2.43 or another XwXtGyj1NZnmHfWFDYjGsyY4qzkJXBLCjV has 153,555 Darkcoins or $373,138.65 per today's Cryptsy DRK/USD price at $2.43 so these are pretty big investments for a project in its initial phases, by I am not going to. What your Security Analysts says is true but slightly misleading: -- there are more than 2 pools controlling majority of MN; -- there are many countries hosting the MNs i.e. a crude, outright criminal, physical attack on the said services / or the people running would have to deal with different jurisdictions (Jacuzzi will have to cooperate with Mafia etc.) assuming an attack is ever going to happen. But, I am wondering, if Darkcoin isn't even like Mega i.e. it is not a tool enabling something the authorities deem illegal, but, as cash (or beans or clay toys or dollars or pre-paid mobile-phone minutes as a currency in Africa) can be used, mostly, for legal activities. So, if the danger of this tiny little innovation is so huge for a multi-trillion dollar Financial Crime Cartel industry and their political minions that they would be ready to strangle the toddler in its crib, so be it... but how real this is? BUT - I agree, your concerns are valid so the question is: how to lessen the concentration of the MN in too few hands? |
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Clicked on lyrics link.
Elevator appeared in lounge room wall and doors slid open.
I couldn't resist and stepped in.
Doors snapped shut and it started going down quickly.
Stopped suddenly and seems to be stuck between floors.
Was just told via internal intercom "it's not stuck it just takes eternity to get there....welcome to purgatory. Please enjoy the music while you wait"
Guess what's playing...
I've translated the lyrics to Swahili and am preparing a Ukelele version of it... LOL Mr. Trololo is taking over the darkness. "Embrace Mr. Trololo!" Where is Tao to put us back on the right track when we need him? What have I done, what have I done |
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wozzek that is the most torturous "music video" I think has ever been made. I left it running for a little while, moving the slider an hour along every minute or so to see what sort of effect it had on me. After a minute I started believing the walls of the room were closing in on me. After a couple of minutes I started unconsciously chewing the lounge chair arm off. After several minutes I realised it wasn't the lounge chair arm I'd been chewing and I'd have to now become left-handed. As I moved the slider to 9:59:00 to see if there was some sort of grand ending, I started thinking the Trololo guy was the sexist man alive. I've only just managed to extricate myself from almost going comatose. Don't ever post that again. LOL I am so sorry, but none yet has ever resisted Mr. Trololo. He will haunt you in your dreams, he will keep popping up from your keyboard as a singing 3D hallucination and all your screens, from now to the end of days, will have a shadow or his supernatural charms trolololing endlessly. Resistance is futile. So you might wish to check out the lyrics, here: http://www.blameitonthevoices.com/2010/03/trololo-lyrics.html and join the cult. |
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Looks like a NEW release/update is about to come out.....
Keep your eye's open :-D
On the Thanksgiving weekend, when only geeks and lifeless are in front of their screens? But than, it is Darkcoin, it creeps slowly into the consciousness of the unsuspected masses... |
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Philip Dartnell comment: "I have been following this crypto-currency for some time. This guy, Evan Duffield, the main developer and brains behind the whole thing, truly is a genius type of fellow. But more than that he's extremely responsive to the Darkcoin community, reads all the postings on the Bitcointalk ANN forum for DRK (and on Darkcointalk too) and churns through an enormous amount of work to make this probably one of the most revolutionary financial products of our time. Slick marketing and super flash presentations are very much missing at this stage. What you have here is just a man with a vision telling us simply what it is and why you should use it. I have a feeling it's going to go on to become something very substantial over the longer term." |
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