I'm going to rudely butt in here and say that I think this discussion is very important for Darkcoin right now.
I am a masternode owner. I therefore pay to have servers that perform a service at a cost to me. To pay for that cost, I occasionally get 20% of a mined block. Now that we have RC5, my masternodes cover costs and make a small profit. Right now, electricity prices are so high in most places in the world that mining is becoming a decreasingly viable venture. We need miners to mine (the more the better!), the network needs masternode (the more the better!). If we can make mining more profitable by refining the algo for the miners then it is a win win situation.
As a miner I agree, However I read here somewhere of some idea or concept of getting rid of the need for DRK miners as the master nodes could be allocated the job in some way !! I wouldn't worry about idle speculation. If anything I get the feeling that the popular consensus is that the masternodes and the miners need each other just as much. Absolutely. There will always be people in both extremes, but Darkcoin needs miners and masternodes. All changes will be done with Darkcoin's best interest in mind, not to favour any particular group. If we do this right, the pie to distribute will be much bigger and all parties will be happy. For a while running a masternode wasn't all that it was supposed to be. It was possible (indeed likely) that you could run at a loss. Now that RC5 has seemingly fixed the voting issues and we are getting closer to enforcement things are looking much cheerier for the masternode owners. On the basis that power costs in huge swathes of the world prevent viable mining I'd love to see some focus turned towards the miners who are subsidising the services that the masternodes provide. I don't like the term subsidize because to me it includes being forced, but it is true that sometimes people can lose money. I haven't mined much, but when I have it was not profitable because where I live the electricity is quite expensive and I can compete with other areas of the world. I've also run masternodes for months when there were no payments. But both things I've done because I wanted. It is possible that at some point in the future (maybe even now!) mining won't be for everyone for whatever reason (cost of electricity, equipment or whatever). Same goes for running a masternode. I think that if any of us is doing something at a loss when someone else is being able to do it profitably, it maybe the time to refocus efforts. I encourage to those who can't mine to set up masternodes instead. And those who can't set up a masternode but can mine profitably, to do it as much as possible. Both things are needed and both things can be profitable under the appropriate circumstances. |
|
|
|
I'm going to rudely butt in here and say that I think this discussion is very important for Darkcoin right now.
I am a masternode owner. I therefore pay to have servers that perform a service at a cost to me. To pay for that cost, I occasionally get 20% of a mined block. Now that we have RC5, my masternodes cover costs and make a small profit. Right now, electricity prices are so high in most places in the world that mining is becoming a decreasingly viable venture. We need miners to mine (the more the better!), the network needs masternode (the more the better!). If we can make mining more profitable by refining the algo for the miners then it is a win win situation.
As a miner I agree, However I read here somewhere of some idea or concept of getting rid of the need for DRK miners as the master nodes could be allocated the job in some way !! I wouldn't worry about idle speculation. If anything I get the feeling that the popular consensus is that the masternodes and the miners need each other just as much. Absolutely. There will always be people in both extremes, but Darkcoin needs miners and masternodes. All changes will be done with Darkcoin's best interest in mind, not to favour any particular group. If we do this right, the pie to distribute will be much bigger and all parties will be happy. |
|
|
|
*********** Amber Alert ************** Interesting morning coming up for Darkcoin as Mr Draghi is getting ready to talk and he's running out of ammo to combat Euro deflation. Remember folks - it's no longer factories that make economies work, it's central banks. The numbers is all that matters and in that respect, Fiat's pain is crypto's gain. The EU Mediterranean countries' GDP's want to relax themselves back to 2006 levels but Mr Draghi CANNOT LET THAT HAPPEN because that would send their Debt to GDP ratios into orbit and herald the return of the fabled ESDC (European Sovereign Debt Crisis). Interest rates are at an all time low so only bazooka left in the armoury is, you guessed it, the bankers all time favourite - Euro QE !! Japan did it, the US did it so why cant we ? Lets crank up the presses and bury ourselves in overlevered guvpaper. Only problem is, who is not going to like that solution too much ? The Germans. They are not too keen on overlevered guvpaper even though it may provide a temporary boost for the wheelbarrow sector. The German central bank is still owed the best part of half a trillion euros from the rest of the Eurozone via imbalances in the target2 system. They also do a good deal of trade with Europe's new pet bad boy - Mr Putin and his Chinese partners in "crime", not to say the import of quite some oil and gas quantities from said same "evil" vendor. We might find that particular medicine needing a couple heapfulls more sugar to go down than it did when the Bernank administered it. All the same, the PTB know it's going to take more than Julie Andrews which is why they quietly wrote a handy "bailin" clause into the Mastericht treaty in case things get tricky (which they are about to get). Why does Darkcoin fit into all this ? Because we are a clam living on a whale's back and that whale is Bitcoin swimming in a Fiat ocean. Except this whale is an amphibian and upon the Ocean's demise it will simply grow a pair of legs and carry on as normal while all around it flounders. Action starts in about half an hour.    http://armstrongeconomics.com/2013/10/14/european-banking-crisis-seizing-10-of-everyones-accounts-hello-cyprus/There are so many wrong things with European economies that it is difficult to know where to start. Trying to cook the books with banking tricks will not work at some time in the near future. Other areas are also doing terribly wrong things and I believe that fiat is a dead end, but at least in the US or Asia there is some economic activity. To me this graph by The Economist from a couple years ago explains the reality of Europe very well:  Full article: http://www.economist.com/node/21559618TL;DR - Europe doesn't create fast growing innovative companies any more, it lives from the past glory. Only 12 European companies in FT500 were founded after 1950. For the same period of time the US has 52. |
|
|
|
Got this  You're getting old  |
|
|
|
it would ne nice to have a backup of your wallet.dat with a "timestamp" to prevent from overwriting in update situations or something like that.
wallet_09_09_2014_1.dat or someting like that. This backup should be created every time a user open his wallet. There are so many coins destroyed in such situations...
Sometimes I wonder what is the real available supply. I don't think there is a big difference for DRK, but for older coins like BTC I think it can be quite significant. |
|
|
|
Jesus. My mistake I guess. I sent myself some DRK to another PC and it arrived instantly. That's all I was commenting on. I dunno why I ever comment in this thread, people are fucking assholes here.
I actually think it should be called: Instant Confirmation It is less confusing if we call it (instant) transaction validation and use the word confirmation only for the block confirmations. Confirmation is a term with an already stablished meaning in cryptoland and it is easier if we don't try to change that. |
|
|
|
WOW !! Spork is soooo cooool !!
No more hard-fork nightmares!
Yeah, it is cool... but the adrenaline rush of hard forks was kinda nice also  |
|
|
|
 now pls a pump i dont want to leave that channel going up looks good On minpal looks bad... That big dump coincided with an apparent masternode issue that was being discussed on darkcointalk, but the person has just confirmed that it's now all fine. So possibly someone overreacted and dumped thinking RC5 was broken, and is now hoping they can buy back at a reasonable price before the press release gets picked up. Was that me? One post by me can make somebody dump? Wow! As said by devs and others, masternode network takes a while to settle and propagate after a big update like this. All my nodes are fine after seeming a bit up and down. Masternode count is growing nicely as more updates propagate around. I don't think so. Prices go up and down, let's not over analyze. |
|
|
|
Give me 4 Bitcoin and I'll hire a few marketing people to raise awareness. You'll save .25  I'll do it for 3.99 BTC, but you need to pay me in DRK. |
|
|
|
But 4.25 BTC ain't much if the community contributes. That is why I am doing it, I am a strong believer of Darkcoin and are holding some of my own. I think the Coin awareness through marketing and new sales channels are very important towards reaching the right investors in the future. Also CCEDK offers Fiat towards all their coins.
Amounts are not much or little on their own, they need to be put into relation with something else. In this case, with what would CCEDK bring to Darkcoin in exchange. Brand awareness in a very vague concept for such a price. |
|
|
|
CCEDK is a new CryptocurrencyEXCHANGE. After the establishment of theEXCHANGE I contacted the developer and after some meetings I received a task. The task were to find new altcoins, which had the potential to be listed on the currency exchange. CCEDK now offers Fiat currencies towards all their listed Altcoins and I think they could open up for new possibilities towards expanding your coin and create more awareness. More or less I found your coin interesting and would like to discuss whether you find this possibility interesting or not? Best regards Kasper Mertz Cryptocurrency exchange link: www.CCEDK.comIf you want to add darkcoin add it, if not don't. What else is left to discuss? CCEDK got some criteria's as they want fulfilled before adding the a new coin. Nevertheless their focus by listing a new coin is to create awareness through the Community. I saw this as an opportunity for the entrance of DarkCoin, but I need help to some of the answers and was hoping to establish contact to the developers. If you want the Caramilk secret, you'll have to wait until it's open sourced like everyone else! Jk. Evan lurks here, but you could try DarkcoinTalk as well.... I will give it a shot. Paying an deposit on 4.25 btc is not much for getting Brand Awareness, I just saw the possibililty and wanted to get in contact with the developers. LOL, 4.25 BTC?  This is the Darkcoin thread, the suckers are elsewhere. I can't get angry with people trying to make a living, but thinking that someone is gonna fall for that is hilarious! |
|
|
|
Evan you promised to be fully involved till january 2016 right? Not 2015... Since 2015 7% less block amount Yeah, relax, he said 2016. Al least. |
|
|
|
Great explanation! But in fact it is a bit better than that: If someone tries to double spend by trying to send two conflicting transactions, only one will be deemed valid by the current group of masternodes and the lock will be in place. That transaction will later be mined, but it is already valid because the miners will check the lock. The one without the valid lock will never get into a block because it conflicts with a valid lock. The payee that did not receive the validation can wait for block confirmations because maybe it is a rare case of valid transaction that has not been validated (rogue masternode or network problems), but he will know from the beginning that there is something wrong and can wait to release goods or services. Double spending not possible Yah, I was trying to keep it simple. But I'm wondering if the system can tell if there was a problem (especially for masternodes losing connections -nobody's fault). Because if the transaction ends up in limbo for an hour, two hours, or however long Evan decides to make mining last, then it could really throw a spanner in the works, grinding some transactions to a halt. If there could be a robust system, where mining could be sped up.............. but then, I can't see a way to do that......  Speculating now, but maybe it is possible to send some kind of message to the payee that is waiting for a validation if the funds are already locked by another tx. |
|
|
|
Unfortunately you're not going to get much love there - altcoins get downvoted to hell regardless of content. And it's hard to blame them - the fact is a majority of altcoins are essentially a scam. Darkcoin is one of a few if not the only that in my mind is not a scam or pump and dump or shitcoin or what have you. So I'm not quite sure how to change perception enough to even get people to read the paper before criticizing it - but as a community we probably should think/talk about it - because that will be our next growth hurdle: getting mainstream cryptocurrency attention as something more than a shitcoin. Change happens slowly. In 2009 Bitcoin was a "shitcoin scam" as well. First produce the tech, then push the PR, and then slowly people will look more closely and see how much DRK really has to offer. However for the time being, as you say, jumping right in r/bitcoin especially now that they are agitated over the recent dump is asking to get eating by one of those dinosaurs. Yes, but on the other hand, we kind of have to let people know. For DRK's sake and for theirs. We want DRK to be widely adopted, and we can't hide in our little bubble or else we'll suffocate in our little bubble. Even if people say nasty things, when they actually look at the evidence, they will have been fairly warned and then they can not complain if they don't hop on board. Exactly, we can't be shy. We need to be polite and avoid being too abrasive, but we need to preach our cause. |
|
|
|
Evan's Paper: https://www.darkcoin.io/downloads/InstantTX.pdf Can i please get a "translation" into simple dummy wording what this paper means ?! I understand instant transactions, but what ... using the Masternode (1000 each) as a collateral for the purchases made, to speed up the transactions ?! Proof of Work ? ....> Tx Wow, I just finished reading.... um, let me try... when a person wants to spend coins, they tell everyone (broadcast) and put a lock on the fund in their wallet. The current group of masternodes receives this information, and when they all verify the same information (validate it), they let all the other clients on the network know it is so. This takes only seconds and the coins are then considered "cleared" If the person spending the money tries to send conflicting information (tries to spend the coin twice, by paying himself the same coins= double spending attack, which they could code into their wallet so it happens really fast) the conflicting information will cause the masternodes to reject the lock, and the coins spent will have to wait to go through the mining process to be validated. (one will be accepted, the other rejected as it is done currently) This will also happen if one of the masternodes that were elected to do the work ends up losing connection (or tries to pull something). This makes 3 types of attacks virtually impossible to commit. Wow Great explanation! But in fact it is a bit better than that: If someone tries to double spend by trying to send two conflicting transactions, only one will be deemed valid by the current group of masternodes and the lock will be in place. That transaction will later be mined, but it is already valid because the miners will check the lock. The one without the valid lock will never get into a block because it conflicts with a valid lock. The payee that did not receive the validation can wait for block confirmations because maybe it is a rare case of valid transaction that has not been validated (rogue masternode or network problems), but he will know from the beginning that there is something wrong and can wait to release goods or services. Double spending not possible |
|
|
|
,,,
looking at the altcoin-charts itīs more like "buy whatever isnt litecoin or monero" it would be interessting to see what is realy a "darkcoin buy" at the moment, and what is a "no litecoin buy". edit: to get my point here through: as excited as i am, looking at the pricechart, it sucks to see, that whith the current market cap we would be #3 if it would be last week. atm we are still #5 Where are you seeing #5? We are #8 at coinmarketcap.com |
|
|
|
What do you guys think about the decrease of Bitcoin price just as we are getting ready for our big boom? Is it a good thing or a bad thing? It's a bad thing since price of DRK is hurt by Bitcoin decrease in price, but could it possibly help shift mainstream's attention to DRK? Thoughts?
I think it is too soon to talk about shifting from bitcoin to darkcoin. Bitcoin has been cheaper than now just a few months ago, it is not such a big deal. We are still a tiny fraction of what they are. Let's just focus on doing our thing and success will come. Meanwhile, enjoy the ride!! |
|
|
|
If you want a demonstration of WHY Darkcoin is better than any other crypto. Go download Bitcoin, Litecoin, Peercoin, Dogecoin or anything else and try to sync from scratch. This is why we have 900 enterprise servers servicing Darkcoin. It creates an exceptionally healthy peer-to-peer network.
Also, we'll get 1 million new coins per year from here on out (decreasing by 7% per year), which my model (working on a new Darkcoin whitepaper) show will add about 100-200 extra Masternodes a year. Consider as the network grows, so will our ability to service it.
Yeah, no kidding. Just to drive this point home, if you look at the Masternode count alone, Darkcoin has 8% of the total node count of the entire Bitcoin network. It has achieved almost 10% of Bitcoin's node count in as little as ten months compared to Bitcoins five years. Plus, the Darkcoin network also provides an incentive to node operators compared to other currencies. (Bitcoin included) Solving the "Why host a full node if I don't get anything from it?" problem. For the second part, the deflation curve is beautiful. Instead of doing a sharp halving every five years, there is a nice gradual curve causing no shock to the supply of the currency. Well thought out and one of the few serious competitors to Bitcoin itself in my opinion. Well done Evan, well done. The incentive also makes possible to require things from node operators (as long as it is enough). Software updates or the need for better hardware are no longer a problem. Volunteering is great. Market is better. |
|
|
|
Hahaaa what is going on over there ?? too much coffee ? There is no such thing as too much coffee. Ever. What you see there is air moving at the speed of a dark transaction. |
|
|
|
|
Show Posts
