So I took some time off today to finally setup my first MasterNode. Have to say, I just followed TaoSatoshi's noob proof instructions and everything went perfectly. I'm feeling great!  Would you mind pointing me in the direction of this guide ? Does it work for AWS ? I need to put mine back up - it's been down for 6 weeks since I accidentally wiped the wrong dakcoin.conf. So much has changed since I put it up that I thought I'd better review the whole procedure. Here you go https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/The process in the guide uses Vultr but I see no reason why you couldn't do the exact same process but with AWS so I think you will be just fine by following this guide. Hope it works out for you. Just be mindful that when you get to this bit the second site (Chaeplin's) is currently down and with no word on what's happened to Chaeplin, not likely to come up again anytime soon. And when an update is released go here for Tao's instructions on how to stop your masternode and update darkcoind. https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/#post-25672Thanks for the heads up! |
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So I took some time off today to finally setup my first MasterNode. Have to say, I just followed TaoSatoshi's noob proof instructions and everything went perfectly. I'm feeling great! Would you mind pointing me in the direction of this guide ? Does it work for AWS ? I need to put mine back up - it's been down for 6 weeks since I accidentally wiped the wrong dakcoin.conf. So much has changed since I put it up that I thought I'd better review the whole procedure. Here you go https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/The process in the guide uses Vultr but I see no reason why you couldn't do the exact same process but with AWS so I think you will be just fine by following this guide. Hope it works out for you. |
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Tiny correction, there is a typo on the title. It says "Dakrcoin markets." |
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So I took some time off today to finally setup my first MasterNode. Have to say, I just followed TaoSatoshi's noob proof instructions and everything went perfectly. I'm feeling great! |
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If you worry about the day to day fluctuations of btc you probably put too much money into it.
I just want to buy as low as possible. A $100 or so difference on the price will make a big difference when I'm buying 10 coins. Oh ok, well it really depends on where you really see it going over time and in how much time. Even if the 10btc buy doesn't really affect you and you are comfortable about it I would still maybe wait a day or two. Looking at the RSI it seems like it is currently overbought so it might go back to like 360-350. |
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I think the banks just see it as another opportunity to make money via credit card interests and they really don't see Bitcoin as a threat.
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If you worry about the day to day fluctuations of btc you probably put too much money into it.
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As an investor in Darkcoin, I have invested in Evan first and foremost. As I always say, "You invest in the developer, not the coin". With that said, I must admit, I lightened my position quite a few times as enforcement issues and some other problems arose. It's not a matter of not believing in Evan, I did believe he would fix the issues at some point, but I also understood that the probability the value of DRK would suffer in the meantime was rather high. As Evan worked to fix these issues, other changes were made, such as the gradual increase of DRK payouts to masternodes which makes masternodes that much more valuable. Those increases are coded as such: if(nHeight > 158000) ret += blockValue / 20; //25.0% - 2014-10-23
if(nHeight > 158000+((576*30)*1)) ret += blockValue / 20; //30.0% - 2014-11-23
if(nHeight > 158000+((576*30)*2)) ret += blockValue / 20; //35.0% - 2014-12-23
if(nHeight > 158000+((576*30)*3)) ret += blockValue / 40; //37.5% - 2015-01-23
if(nHeight > 158000+((576*30)*4)) ret += blockValue / 40; //40.0% - 2015-02-23
if(nHeight > 158000+((576*30)*5)) ret += blockValue / 40; //42.5% - 2015-03-23
if(nHeight > 158000+((576*30)*6)) ret += blockValue / 40; //45.0% - 2015-04-23
if(nHeight > 158000+((576*30)*7)) ret += blockValue / 40; //47.5% - 2015-05-23
if(nHeight > 158000+((576*30)*9)) ret += blockValue / 40; //50.0% - 2015-07-23
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; //52.5% - 2015-09-23
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; //55.0% - 2015-11-23
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; //57.5% - 2016-01-23
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; //60.0% - 2016-03-23
There was a time when DRK had a marketcap of over $60,000,000. This was prior to Darksend being open source and audited by a security expert, prior to the very recent successful masternode payment enforcement, prior to the new payout schedule for masternodes, and prior to what is likely to be a successful rollout of InstantX. This was also prior to the hacking of very popular BTC mixers and other recent events that have caused people to begin to think about DRK as a payment method and the resulting publicity. There was good cause for DRK to have a marketcap of $60,000,000 and there was good cause for it to drop back down. The good cause for the drop is no longer an issue yet there are a host of new, positive fundamentals at play. All of these new fundamentals are slowly being priced into the coin. In my opinion, once they are properly priced into the coin, we will be at a new all time high. This is exactly why I finally took the plunge and bought enough for a MN |
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I'm pretty happy to finally have enough to own a masternode. I shall be setting mine up tonight.
Welcome in the very special club of MN owner.. You'll see that after this your life will change forever.. Thank you! I'm really excited. Had been wanting to buy many months ago but I'm rather conservative when it comes to alts and didn't actually want to buy until development was clearly in a more advanced stage. Followed closely the news the last two weeks and thought that the time is now. It's clear DRK is here to stay. |
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I'm pretty happy to finally have enough to own a masternode. I shall be setting mine up tonight.
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I haven't used it but it seems to me that you could benefit from the "Locks" feature that the guys from Coinapult have developed. Here is a video I found on the subject: http://www.youtube.com/watch?v=AxriIkGaY60 |
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This is the most hilarious troll I have ever seen.
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Propietary closed system Fiat is great at what it currently does Things it doesn't do: 1) Garanteed scarcity 2) It's not an open system (only financial institutions have access) 3) No open internet use (credit cards) I totally agree, but for those in power those are features. |
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Best thing you can do is donate to developers that are coding the core of Bitcoin, it is not an investment in the sense that you won't get apr, but your holdings will be safer if the code is strenghtened.
I totally agree with what you are saying. Stronger Bitcoin = we all win. |
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I've been putting my eye into bitcoin ATMs for a while and Skyhook looks like a winner to me. The only thing that bothers me is that it's so small and light that I fear it might get stolen. How hard/easy/expensive was it to secure physically?
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I stopped investing in bitcoin "business opportunities" a while back after I got burned on Havelock. Almost all of these opportunities are scams, I just buy and sell bitcoins. It's risky enough as it is.
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Most of 2014 had stocks flying with artificial growth due to Quantitative Easing. Things should slow down now that some of the cash faucet is closing.
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92% of the world's money supply or more already exists digitally and they are sent from one place to another with closed centralized systems. There is no incentive for them to change it into a coin because as it stands they can control the supply easily. Propietary closed system Fiat is great at what it currently does (control, inflate, propagate money), to use a SECURE Blockchain means to decentralize that control.
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With an established standard like gold or bitcoin I would assume that banking, stocks, bonds, insurances as we know it would cease to be and they would transform into something else. Could be catastrophic on the short run since that country might get shunned, but maybe it could work if it's a very slow transition over many years.
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I think the market will simply adapt and find a different solution (that much is obvious). Regarding your specific question, it seems that BTC's monetary value works independently from daily news.
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