Very interesting bot behavior. It did a ton of volume at a low price, then cut down volume right before price took off.  * There also weren't as many coins for sale up high, maybe it found where the resistance broke and then toned it down a notch. ** Someone making a big entry. |
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Now that the network has updated to version 11 and is stable, I thought it might be a good idea to lay out what the next we have in store for the next release and future plans. We’ll be leveraging our larger development team and working on a few projects at once to enable to a few new exciting features at once.
Enforcement
Network fragmentation has been corrected on the network and we’ve enabled enforcement. Those not paying the correct node after today will simply be rejected by the network.
InstantX
A couple months ago I open sourced the design so that I could work with researchers on perfecting it. However, it’s not presently done and the code is a simple prototype of what I intended. I would recommend other crypto-currencies from not using it until we’ve had a chance to thoroughly test and refine the logic, otherwise grave damage could be done to your network.
We’ll begin finishing development on instantX immediately and work on the stability of the system. This will be done over the next few weeks on testnet and will be a completely open public testing phase.
Masternode Changes / Improvements
As an upgrade to the masternode system, we’re going to be moving to a token-based system, where you’ll only be required to gain access to your cold wallet every few months. When starting a masternode, one will simply execute the “masternode generate-token” command, which will sign the key and generate a tokenized string to put into the masternode.conf. Using this signature masternodes can be restarted multiple times, even with protocol version updates.
The pinging system (dseep) is going to be replaced with a “challege request” system, which will be done in a completely decentralized way. Other masternodes on the network will be elected each block to check on their peers by initiating a “challenge request”, if a masternode fails multiple of these in a row by failing to respond it will be removed from the list.
As be move forward into the future, static IPv4 IPs will continue to get more scarce. In the next release we will begin to allow non-static IPs to be used as long as the client is reachable and can answer challenge requests.
Beyond version 11.1 (will not be in the InstantX release)
Masternode Blinding
Recently a paper by 3 researches at Saarland University came out describing a new technique, while there are some serious problems with the approach they take, the concept of blinding the users they use is novel. In CoinShuffle, each output is sent to the next peer in a circle, one at a time. The new peer adds an output, shuffles and then sends the list again. We can do this and actually improve upon it.
To implement blinding, each user would connect to one completely random masternode and say "Send masternode X this output/value for mix N" and pass a single output. That output would be passed to the leading masternode. It would take access to all masternodes used to know who did what, which is as solid as M rounds mathematically (M = number of outputs). This is great because all users can submit all inputs at once. So it's super fast compared to CoinShuffle and even more secure.
Decentralization of the masternode payment system
Currently, there is a node that signs a message for each block and says which masternode should be paid for that specific block. As many of our users know, the centralized reference node was a temporary solution to the problem of enforcing masternode payments. Miners use this when creating the block to ensure they comply, if a miner tries to cheat the system, the block will be rejected by the network. This is a great solution temporarily, but isn’t decentralized enough.
To explain the new completely decentralized strategy, first we have to explain exactly how masternodes work. When a masternode starts, it relays a message called the “masternode election entry”. This puts the masternode into a list on all clients on the network and allows them to be used by all of the clients on the network. Every few minutes, these masternodes ping the network saying they’re still alive and allowing them to earn interest payments.
To decentralize this system, we propose a new system we’ll call “Masternode mining”. This simply means that when miners receive a new “masternode election entry” and solve a block, they will append the masternode to the block. Each block can contain up to 10 masternode list changes. So by following the normal progression of the blockchain, you will be able to compile a list of all known masternodes. This system is also highly resistant to attack and the same list can be compiled by any client on the network.
For example:
Block 1: Add mn1, mn2, mn3
Block 2: Add mn4, mn5
Block 3: Remove mn2 //mn2 fell off the network
-- currently the masternode list contains mn1, mn3, mn4, mn5
Block 4: Add mn6, mn7
Block 5: Add mn2 //mn2 came back
-- example attack: --
Block 6: Remove mn1, mn2, mn3, mn4, mn5, mn6 //miner owns masternode 7, wants control of the network
Block 7: Add mn1, mn2, mn3, mn4, mn5, mn6
In this case a majority of mining power is required to control the masternode list. If a miner has enough computing power to alter the masternode list, they will also have enough power to double spend with a 51% attack. Therefore this is the safest solution to decentralizing the payment. bump |
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I think anyone defending spreadcoin should first clarify whether or not they have invested in it  ... It seems like something I would like, I've checked it out multiple times with an open mind, and it has always put a bad taste in my mouth. Its pretty disheartening to see the names that are so familiar in this thread over there. I have no love for it. |
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Currently 37.5% goes to miners, which is expected to increase, which will be 57.5% by this time next year.
Really nice write up. I believe the word miners is a typo, should be Masternodes! |
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How exactly can I run these commands in one line?
You can litarally just select it all in any notepad, copy it, and paste it into the terminal. Though you would want to remove the spaces in between commands, and move your 'darkcoind stop' to the top, because it takes a couple seconds to wind down. I find it easier than saving as an .sh because you are editing the lines that contain the current file name anyway  *This is applicable to Ubuntu, not sure if it applies to the putty folks. |
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Guys im waiting for darkcoind to sync up... i setup masternode by my self, im kinda proud of my self because im linux newb  masternode start PASSWD command is ready to start masternode wish me luck!!! p.s. after how much time my linux ip should show on masternodes list? Good work there Rux! First one is always a learning curve, next one is learning how to update it quickly and reliably!  Most of us have got scripts for that job, such as this: ./darkcoind stop wget https://raw.githubusercontent.com/darkcoinproject/darkcoin-binaries/master/darkcoin-0.11.0.13-linux.tar.gztar zxvf darkcoin-0.11.0.13-linux.tar.gz mv darkcoin-0.11.0.13-linux/bin/64/darkcoind . chmod +x ./darkcoind rm .darkcoin/peers.dat ./darkcoind Mine probably isn't the best because it doesn't back up the old files but the way I look at it is that if I want to revert to an older version just change the version number in the script and run it again... Different strokes for different folks! Have fun! Walter 1 small tip! It took me wayyy too long to stumble across this, but you can paste multiple instructions (such as the entire set of commands above) into the terminal at one time and it will run through them sequentially! Combined with start-many, you can update 5-10 nodes in like 2 -3 minutes |
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https://darkcointalk.org/threads/v0-11-1-instantx-release-development-update.3769/#post-38773Now that the network has updated to version 11 and is stable, I thought it might be a good idea to lay out what the next we have in store for the next release and future plans. We’ll be leveraging our larger development team and working on a few projects at once to enable to a few new exciting features at once.
Enforcement
Network fragmentation has been corrected on the network and we’ve enabled enforcement. Those not paying the correct node after today will simply be rejected by the network.
InstantX
A couple months ago I open sourced the design so that I could work with researchers on perfecting it. However, it’s not presently done and the code is a simple prototype of what I intended. I would recommend other crypto-currencies from not using it until we’ve had a chance to thoroughly test and refine the logic, otherwise grave damage could be done to your network.
We’ll begin finishing development on instantX immediately and work on the stability of the system. This will be done over the next few weeks on testnet and will be a completely open public testing phase.
Masternode Changes / Improvements
As an upgrade to the masternode system, we’re going to be moving to a token-based system, where you’ll only be required to gain access to your cold wallet every few months. When starting a masternode, one will simply execute the “masternode generate-token” command, which will sign the key and generate a tokenized string to put into the masternode.conf. Using this signature masternodes can be restarted multiple times, even with protocol version updates.
The pinging system (dseep) is going to be replaced with a “challege request” system, which will be done in a completely decentralized way. Other masternodes on the network will be elected each block to check on their peers by initiating a “challenge request”, if a masternode fails multiple of these in a row by failing to respond it will be removed from the list.
As be move forward into the future, static IPv4 IPs will continue to get more scarce. In the next release we will begin to allow non-static IPs to be used as long as the client is reachable and can answer challenge requests.
Beyond version 11.1 (will not be in the InstantX release)
Masternode Blinding
Recently a paper by 3 researches at Saarland University came out describing a new technique, while there are some serious problems with the approach they take, the concept of blinding the users they use is novel. In CoinShuffle, each output is sent to the next peer in a circle, one at a time. The new peer adds an output, shuffles and then sends the list again. We can do this and actually improve upon it.
To implement blinding, each user would connect to one completely random masternode and say "Send masternode X this output/value for mix N" and pass a single output. That output would be passed to the leading masternode. It would take access to all masternodes used to know who did what, which is as solid as M rounds mathematically (M = number of outputs). This is great because all users can submit all inputs at once. So it's super fast compared to CoinShuffle and even more secure.
Decentralization of the masternode payment system
Currently, there is a node that signs a message for each block and says which masternode should be paid for that specific block. As many of our users know, the centralized reference node was a temporary solution to the problem of enforcing masternode payments. Miners use this when creating the block to ensure they comply, if a miner tries to cheat the system, the block will be rejected by the network. This is a great solution temporarily, but isn’t decentralized enough.
To explain the new completely decentralized strategy, first we have to explain exactly how masternodes work. When a masternode starts, it relays a message called the “masternode election entry”. This puts the masternode into a list on all clients on the network and allows them to be used by all of the clients on the network. Every few minutes, these masternodes ping the network saying they’re still alive and allowing them to earn interest payments.
To decentralize this system, we propose a new system we’ll call “Masternode mining”. This simply means that when miners receive a new “masternode election entry” and solve a block, they will append the masternode to the block. Each block can contain up to 10 masternode list changes. So by following the normal progression of the blockchain, you will be able to compile a list of all known masternodes. This system is also highly resistant to attack and the same list can be compiled by any client on the network.
For example:
Block 1: Add mn1, mn2, mn3
Block 2: Add mn4, mn5
Block 3: Remove mn2 //mn2 fell off the network
-- currently the masternode list contains mn1, mn3, mn4, mn5
Block 4: Add mn6, mn7
Block 5: Add mn2 //mn2 came back
-- example attack: --
Block 6: Remove mn1, mn2, mn3, mn4, mn5, mn6 //miner owns masternode 7, wants control of the network
Block 7: Add mn1, mn2, mn3, mn4, mn5, mn6
In this case a majority of mining power is required to control the masternode list. If a miner has enough computing power to alter the masternode list, they will also have enough power to double spend with a 51% attack. Therefore this is the safest solution to decentralizing the payment.
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hmm i didnt knew that ... shit haha if its 0.5 per day...then 15 darkcoins = 23€ half rate then I haven't gotten a node payment in ~ 2 weeks. =( It's very random. 2 weeks?? wth  oh man this will be bumpy ride... is there anyone willing to accept 1500€ for BTC or DRK ? help brother out  I cannot possibly recommend localbitcoins.com highly enough. Concerning the two weeks, enforcement has been off and the network was having hiccups, so recently I'm sure there has been more variance. BUT, I have a feeling the enforcement switch is getting hit momentarily, and when enforcement is active every MN is paid evenly and consistently, like clockwork. It's completely consistent, when enforcement is ON! |
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Thanks for being cool about answering questions and whatnot Otoh.
P.S. , looks like our block reward has been decreased by 7%!
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So often people post on here with little thought for how their words are being conveyed and one has no idea what they're getting at. If I had a dollar for every time I've read an ambiguous post, well I'd have a lot of dollars. Economics fool chiming in...
Are you saying that bigrcanada is an "Economics fool"? or Are you saying that the presenter Mike Maloney in the video Tok posted is an "Economics fool"? or Are you saying that you are the person "chiming in" and you're labelling yourself an "Economics fool"? The links you've provided are typically typical in their common outbound messaging of what currency is and what money is. Sentences like this "A much more general use of the word currency is anything that is used in any circumstances, as a medium of exchange. In this use, "currency" is a synonym for the concept of money"
do little to get at the heart of what Mike Malone is expressing about the wholesale fraud that has been perpetrated on the citizens of most jurisdictions where the government issued currency is nothing much more than government issued debt without any intrinsic value. I think the messaging in those videos is of profound importance for all peoples of the world and something everyone should be considering and taking to heart. As normal though, only a small portion of humanity will bother to work out what the true difference between currency and money is, and there'll be much pain and sorrow and "why didn't someone tell us?!" cries of injustice (usual 'human history repeating') when it all unravels. So for everyone I think it requires a "Note to self": take steps to get ready for the inevitable collapse of fiat currencies and ensure your wealth is stored in something that's real 'money'. Hey man, post some of those vids you are talking about. *was calling myself an economics weirdo. |
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Now is the future, crazy. |
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Hey, guess what happens next.... * 30% of coins are off market compared to last ATH...  |
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Dudes, r/bitcoin is a shit hole of heads in the sand. Though I will not taught the convo in there as an example of open-minded curiosity, i have absolutely never, never, never, seen any sort of accommodation as we received today. The likelihood of showing up on r/bitcoin and being received with open minds is null. But also, no one, as far as I know, has presented as solution in the form of an ALT with such *mild acceptance and be taken seriously. We should not gauge our progress on the shit-hole of blindness that is r/bitcoin, but no one, definitely, no one, has accrued that level of credibility posting with any sort of association to an altcoin that has been taken seriously, and drk owned that convo. I'm not advocating persecuting btc holders, but there are a lot of them that saw how serious drk is and went hmmmmmm, I guarantee that. Evan is getting used to that spotlight, and boy does he come off nice.
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W.T.F. is going on with Bitcoin ?
BTCe looks like a smash and grab. People are panic buying like crazy. 140 BTC sellwals instantly vapourised. It's already well on the way to $270.
Just watched a 240 BTC sellwall there get munched in 2 minutes.
You in USD?? Forreal tok, really enjoy your insight. Please don't stop laying your knowledge on us. |
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Keeping posting Tok. I and many others really appreciate your input.
+1 I second the motion! I love tok. If he is going against the grain more power to him, as we need a ton of perspectives being thrown around and he is brilliant. But, to assume that just because only 1 person has identified themselves as having extensive experience in POS... does not mean there is only one person in here with extensive experience in POS. Long story short, we currently have a daily exchange volume of around 75k. If you believe that instantx is not a worthy goal because you find it not to be a perfect fit for supermarkets is.... searching for a polite term here... ridiculous. Drk's marketcap is currently .2% of BTC. If our only goal (which its not) was to improve transaction time for merchants currently accepting btc, and cutting transation time into 1/360th of btcs, I'd say thats more than a worthy goal. Especially considering BTC is just a baby itself. Additionally, as Evan mentioned, it would place DRK as the currency of choice for basically all arbitrage between exhanges and god knows what else. It currently takes + 20 seconds to navigate the debit/cash back options / donations / bs when checking out. I personally do not see much value in these hesitations from our community, but I certainly welcome them. And there is no reason to think given the obsurdly useful nature of instantx that some wouldn't develop a rather sophisticated POS peice of software that would be compatible with DRK, with NO FEES. Do fat cats like fees? |
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I lost a BTC or two worth of drk to directbet. No sob story, its my fault and it was fun as hell. But why don't we chill with letting everyone know how badass drk is and the BTC recovery til I get back on track. No? Well it wouldn't be much of a lesson if it didn't sting a bit. There was precisely 0% chance of me learning from others' mistakes, but maybe someone else will save themselves the trouble. KEEP IT SMALL!!
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