quote from darkcoin talk:
''if one day all coins are in masternodes, well then people can trade shares of masternodes…. "
Can you post the link to the thread please? |
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The ideas I see amount to forming a private cartel for the dozen or so vocal members of the community, fundamentally changing the way a coin works to the detriment of the general user and betraying the philosophical principals of crypto in general.
And I see a bunch of people, who should be ashamed of themselves, agreeing with it.
I agree with you. Proof of Work is not just waste of energy, it is also the Proof that transactions really happened. I always assumed that Darkcoin was going to make the public ledger into an anonymous ledger (not readable by outsiders), but certainly not to make it totally disappear?!?. That would be disastrous. If we only had masternodes, and no POW, I am not sure that the integrity of who owns which coins can be guaranteed AT ALL. As I keep saying, you don't need 100GH worth of GPU's to maintain a simple blockchain with a few transactions per minute, or even a few thousand. Nobody is talking about doing away with the blockchain, we're debating (or at least I am  ) whether the contribution of miners is really worth 4X more than the contribution of Masternodes to Darkcoin. I don't think it is. Darkcoins come into existence thru mining. And only thru mining. The miners share a few of their new found coins with the masternodes. Mining is not only about maintaining the blockchain. Even if there are no transactions for days, it doesn't matter. If there are NO transactions for days, then THAT'S the state of blockchain that has to be integrated and shared for everybody to accept. The amount of transactions (low or high or whatever) has nothing to do with the validity of mining. It just is what is.  We have Petahashes of POW miners mining for Bitcoin because more and more people want to go after fewer and fewer coins, while technology combined with free market competition creates innovation. (faster and faster machines, which in turn make the coins even more scarcer and scarcer... which is key for value creation in the first place.) If we only had masternodes... we would basically take darkcoin out of the most insane innovation cycle we have seen in the last decades. (If only servers had the innovation that miners have, lol  , but how are they going to have innovation without competition? Just masternode holders sitting on their piles of coins is not something that is very "competitive") So, the key concepts to not forget are: competition creates innovation which in turn creates scarcity (value). Ergo mining. |
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The ideas I see amount to forming a private cartel for the dozen or so vocal members of the community, fundamentally changing the way a coin works to the detriment of the general user and betraying the philosophical principals of crypto in general.
And I see a bunch of people, who should be ashamed of themselves, agreeing with it.
I agree with you. Proof of Work is not just waste of energy, it is also the Proof that transactions really happened. I always assumed that Darkcoin was going to make the public ledger into an anonymous ledger (not readable by outsiders), but certainly not to make it totally disappear?!?. That would be disastrous. If we only had masternodes, and no POW, I am not sure that the integrity of who owns which coins can be guaranteed AT ALL. Masternodes are not here to look after the integrity of the ledger. They are basically mixers. They have nothing to do with guaranteeing the integrity of the ledger. |
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so "dummy" question:
can we run mining over masternodes and cut out the miners all together ?
Is that technically possible ?
Concerning Possible... I believe yes. But it brings up centralization issues. But there are centralization issues when you have massive pools mining as well. I think it is the question of the day! Certainly something to think about. Well, one hypothetical situation is that all nodes (not just masternodes) CPU mine with their idle cycles. Not recommendable. You should only mine on devices with proper ventilation etc.. To just abuse a normal pc for mining would need that you inform the user first and have him first equip his pc with additional fans etc... So this is not something that you could just apply on any wallet node out there. Only one solution: X11 ASIC... yes I am looking forward to X11 ASICs. |
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PIC
Who the f logs in an exchange and decides that today is a good day to place a buy order for 0.20479 DRK. miners with old hardware who are still trying to scratch a few DRK out of their mining equipment by mining shitcoins on some pool and selling them on a daily basis for a few fractions of a DRK. Been there, done that. Now xpool.ca does that for me. :-) |
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Looks like the ship is sinking for dark coin.
Well, obviously. That's the nature of a submarine, d'uh.  Man, you're just too quick! Good'un! I am working on creating my own tools, small apps for GIF creation etc that I will sell for DRK. Stay tuned. |
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About running a MN on a machine doing other stuff, just be aware that having other services running increases your vulnerability surface. If you're happy with that, and have the CPU/RAM/IO to spare then no reason why not.
I will wait for masternode IPs to be obfuscated/invisible before I give it a try... |
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Sorry for the previous calculations No problem. Thanks for sharing the information. |
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Back in the RC3 days I had my masternodes running on AWS.
They charged me once for bandwidth utilization and I switched do Digital Ocean (larger limit).
RC4 traffic was around 100Kb/s download and 200kb/s upload almost constant. (~750MB/month total)
RC5 traffic have been around 50Kb/s download and 100kb/s upload almost half of RC4. (~375MB/month total)
if I'm not mistaken AWS limit is 1GB/month so it was pretty close on RC4 and before...
I see, thanks for the calculation. I assume the ~750MB/month (~375MB/month) is just a typo and you meant ~750 GB/month (~375 GB/month), right? Or the 100kb/s is wrong, or that it is constant, but something doesn't add up. 100kb/s constant means 8.6 GB/day, means 250 GB/month, right? So 100kb/s down plus 200kb/s up would get me to the 750GB/month, that's why I assume that's what you meant? |
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Looks like the ship is sinking for dark coin.
Well, obviously. That's the nature of a submarine, d'uh. |
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The chargable's seem to be "0.020 per On Demand Linux t1.micro Instance Hour" which was all on the "free tier" ?
I just feel like shutting down the account because I've got no clue how to tell if the services I'm consuming attract any charge or not.
Can anyone throw any light on this ? Right, so the obvious course of action isn't doing anything like contacting AWS customer/billing support. That would be insane. The logical thing to do is come to the DRK thread and talk about it, because we can log in to our employee accounts at Amazon and check out your usage to see if there has been a mistake on Amazon's end. Ah - looks it's the "lazy b*strd meets conceited c*nt" post. ok, thanks for the slap down - point taken - but it happens that this thread contains a substantial amount of discussion about AWS due to the fact that so many masternodes are hosted on it and for that reason I didn't consider it an off-topic post. Other user's experiences are at least as useful as what an employed support person tells you. I'll try the front door. Bandwidth charges - Amazon isn't cheap. So how much bandwidth does a masternode need anyway? How high is the traffic in GByte/month that goes thru a masternode on average and is ONLY darkcoin related? I thought it can't be that high, ... so maybe the server was (ab)used for something else besides darkcoin? I have two root servers, where I pay a fix amount of money every month, and where I get a constant access to a 100 MBit line. I use those servers for all my projects etc.. and plan on installing two masternodes on those servers when the time has come. Is this advisable? Or should I have completely dedicated servers for the masternodes ONLY (nothing else running on the machines). I really assume that the traffic that goes thru masternodes is completely negligible compared to other things, and should therefor allow for other services to run on those servers, why not? Right? |
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lol, that's ridiculously AWESOME. |
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Made a open source video  It features Darkcoin and this little guy  Check it out, share and tweet https://vid.me/MWLhm, the video just loads and loads and loads and doesn't play. Am I doing something wrong? Is this video country restricted? I can't see it. Someone upload it to youtube please |
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Made a open source video It features Darkcoin and this little guy Check it out, share and tweet https://vid.me/MWLhm, the video just loads and loads and loads and doesn't play. Am I doing something wrong? |
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just no fresh money
how could the price rise ...
even if all would hodl the bot would make the price drop
We need exchanges that start tying altcoin trading to DRK. We need DRK to become a denominator. NMC/DRK, LTC/DRK, DOGE/DRK, XMR/DRK, PPC/DRK, etc... no matter what altcoin it is (everybody is welcome), enabling/sharing their liquidity will boost DRK price by a tenfold. It's the single most important reason why LTC has such an insane volume and still an unreasonably (IMHO) high price. mintpal, cryptsy etc all have LTC Markets... why don't they have DRK Markets too? |
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BTW, it's so irritating! I earned 0.01 btc not long ago, and I opened my bitcoin wallet (so I can send it to mintpal and buy dark, LOL) and it's been updating from 6 weeks behind for the past hour and a half. I have a quick connection, but it always takes forever to update the blockchain! And I can't have it running on my windows box because it just hogs up resources all the time. I don't see how anyone can use bitcoin, it's a slug and the depth to which it sucks just cant' be expressed! Over an hour and a half and I'm at 4 weeks behind! Geepers!
Not only does it take forever, it also uses a hell lot of CPU to do the syncing. (check your task manager) |
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Remember those two sunbathing sisters?  Well, they have "wised up" and are back with some new "ideas":  |
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Continuing my darkcoin community research... ...using the forum extraction tool I am developing... ...here is how the title of this [ANN] thread changed over time, starting from day 1: January 18, 2014 (When darkcoin wasn't even called darkcoin yet... ) until today.  If this has any value for you, and if you like to see more, consider a donation to help me further develop my tools: XtAdMy5nSxArut6rKKLQXxm84rpJNipXib
What is the next thing you want to see? 1) Do you want to know who of all the darkcoin users swears the most (using words like f**k etc..) then vote by donating any amount to this address: Xwz1utupG5LqWMsCeZqF3vo9xtiA7FXcjH2) If you would like to see a word cloud of all the comments evan duffield ever made, vote by donating to this address: Xn9b76yUZ5zGAcMvFv41ZSYn9XHMJpX833(I will eventually fulfill both tasks if they reach 5 DRK each, otherwise just the one that has more DRK) Have fun. LOL, I never saw the second topic title in March... that shit is funny. It's basically an advertisement that the miner (that you created) for X11 (also of your own creation) sucks so badly that it uses about half the available capabilities of a GPU, if you assume the then-current Scrypt GPU implementation used 100%. Since that's unlikely, you're actually broadcasting to everyone that you did so badly creating a miner for your own PoW that you managed to use LESS than half the compute capability of your target hardware! ... Come to think of it, that's so bad you have to wonder if it wasn't intentional. After all, that's on the level of being unable to walk and talk at the same time. Maybe I have to explain how I extract those past ANN Thread titles, because there isn't really a database storing them, so I pretty much have to make "educated guesses". What I do is, I read every post of every user, and since the ANN Thread title in that moment becomes also the title of each post, I can then derive based on how many users used a specific ANN Title, what the ANN title used to be that day. The problem is, users can edit their post title, and every user who quotes this user will also aquire and repost their edited thread title. So I tried to filter out all the obvious crap, and all the ANN titles in my list have been posted/quoted by atleast 50-100 people each time, but still, especially the ANN title that you mentioned could be a fake one. (Meaning it was never put officialy on the ANN thread title by the admin) EDIT: best thing to do is probably provide the RAW data I aquired. Then people can make their own assessment. The list works like this, first number is amount of posts that have this ANN title, then the first time this title appeared in a post, then the title itself. There are some hilarious one liners in there by obvious trolls, lol: http://textuploader.com/okaa |
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Continuing my darkcoin community research... ...using the forum extraction tool I am developing... ...here is how the title of this [ANN] thread changed over time, starting from day 1: January 18, 2014 (When darkcoin wasn't even called darkcoin yet... ) until today. If this has any value for you, and if you like to see more, consider a donation to help me further develop my tools: XtAdMy5nSxArut6rKKLQXxm84rpJNipXib
What is the next thing you want to see? 1) Do you want to know who of all the darkcoin users swears the most (using words like f**k etc..) then vote by donating any amount to this address: Xwz1utupG5LqWMsCeZqF3vo9xtiA7FXcjH2) If you would like to see a word cloud of all the comments evan duffield ever made, vote by donating to this address: Xn9b76yUZ5zGAcMvFv41ZSYn9XHMJpX833(I will eventually fulfill both tasks if they reach 5 DRK each, otherwise just the one that has more DRK) Have fun. |
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This cries out for a meme along the lines of: They will encircle you unless you use DRK! Disclosure: I have mined BTC since 2011. I very much want it to succeed, but there is a choke point where fiat and BTC meet that is being increasingly exploited. Perfect opportunity for DRK marketing, imho.
The problem I see for merchants accepting BTC then DRK, will they also attempt to apply the same choke points to DRK? How are they going to prove it? Yes - they will throw the book at DRK - every dirty trick they know, sooner or later. FUD in forums is just an early skirmish. The ultimate answer perhaps is to leave fiat out of all transactions but we are still a long way from that. As for proof - there is no requirement of proof in these situations. All they have to do is suspect, rightly or wrongly. They close an account and thus throw the burden of proof onto the customer who might want the account restored. This IS the ultimate solution to everything. And in a few decades we need to arrive there. There can't be any other final goal than total avoidance of fiat money. I wonder how I can convince my landlord to accept cryptocurrencies... Remember folks, it's not your money, it belongs to your guvernators, you can only spend it how they like.
Very well put... people who realize that, can't help but feel like slaves from then on, until they start using their own money (like bitcoin, darkcoin, etc..) But even if you use your own money, the rest of the world is still in slave mode and doesn't even realize it. So, realization is key. |
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