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301  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 15, 2015, 10:19:06 AM
Someone's just dumped ~3K Dash on Cryptsy down to 0.0115. I'm wondering why this happens suddenly; or at least appears to be sudden. (And I know....someone just needs to get out to pay bills, yada, etc....but you do wonder what's happened that makes someone take a decision like that to make a seemingly rapid exit).

LTC is having a bit of a pump, perhaps market manipulators?


"market manipulators" in crypto? Well I never....

Wash your mouth Ignition...this scene is full of nothing but people with the highest of ideals, motives and principles.
302  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 15, 2015, 10:13:38 AM
Someone's just dumped ~3K Dash on Cryptsy down to 0.0115. I'm wondering why this happens suddenly; or at least appears to be sudden. (And I know....someone just needs to get out to pay bills, yada, etc....but you do wonder what's happened that makes someone take a decision like that to make a seemingly rapid exit).

summer holidays coming up
wife pushing for last minute bookings and bigger hotel
fast cash  Roll Eyes sell Dash  Undecided
 Wink

Yeah I guess so. At some point though when Dash really starts to take off (not that there's any guarantee; but indications are it's coming), that holiday will go into the person's memory as their equivalent "Bitcoin pizza moment" and they'll be kicking themselves for...

"that fateful day I offloaded 3000 Dash for a song"

"aw geez Granddad. What did you do that for?!"

"dunno kid....just didn't think I guess...."
303  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 15, 2015, 10:02:44 AM
Someone's just dumped ~3K Dash on Cryptsy down to 0.0115. I'm wondering why this happens suddenly; or at least appears to be sudden. (And I know....someone just needs to get out to pay bills, yada, etc....but you do wonder what's happened that makes someone take a decision like that to make a seemingly rapid exit).
304  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 15, 2015, 02:13:07 AM
- Monitor DASH-MN Live -


I took both fuzzyduck's and moocowmoo's code and brought both of them together into one program
Now redesigned into :   dashR

dashR is a real-time, Live Stream of your MN info

github: https://github.com/MangledBlue/DASH/tree/MangledBlue-dashR-1
...be sure to read the README.md file to get it up and running

enjoy


I still need a DASH addy for fuzzyduck

MAC ?
 Roll Eyes

It runs on your VPS Tungfa (if I'm understanding it correctly) so you'd be seeing it working through your terminal session (i.e. Putty). Please correct me if I'm wrong Mangled.
305  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTX] Bitcoin- The neXt generation on: June 15, 2015, 01:51:55 AM
my wallet says out of sync now. Anyone having the same issue?

No. Mine's been pretty good for about the last 48 hours. Currently on 16851 and synced the same as the explorer at http://blox.btx.rocks/.
306  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTX] Bitcoin- The neXt generation on: June 13, 2015, 09:01:42 PM
I've now successfully moved all of my BTX to C-Cex too (finally!) I hope there aren't too many more people still having difficulties.
307  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTX] Bitcoin- The neXt generation on: June 12, 2015, 01:35:13 PM
The blockchain appears to be stuck, can we get it going again?

I still have my coins that I would like to send to C-Cex

I too am trying to get my BTX over to C-Cex but (like, it would seem, everyone else and the explorer at http://blox.btx.rocks/) I'm stuck on 16696. I also had been waiting and waiting for a substantial portion of my coins that were staking to come out of staking, having relocked my wallet to turn staking off when the announcement about the 1:1 C-Cex coin swap first appeared. They finally did come out of staking but as I was just about to send all my BTX to C-Cex, suddenly another stake payment came through (even though the wallet had been relocked and was no longer staking) and approx 150,000 BTX are now in staking mode again. Arrggh!

I'm just hoping I can get all my BTX over to C-Cex soon but this is proving to be no simple undertaking. The constant problems with this block chain halting and freezing like this are beyond anything I've experienced with other coins.

Can we please get some assurance the 3pm Monday deadline will be reviewed and extended if people are still having problems moving their BTX to C-Cex? I've been working on this for days now.

To protect from staking add
Code:
staking=0
to your conf file.

Okay, have done so. I assume this just prevents coins going into staking mode but once they're staking they have to go through their regular number of blocks before coming back out again?

Also can you comment PrometheusX on my question about the deadline being potentially extended? Even if my coins come out of staking in the next 12-24 hours I'm concerned that with the amount of delay we're experiencing solving some blocks I might not get my BTX onto C-Cex and confirmed in time (and it's certainly not for want of trying). I'm guessing there will be many other BTX holders in this position too.

There are still more then 3 days left, and our dev is looking what he can do to keep the chain moving.

Okay, understand. I'll be keeping constant tabs on it too. Just wanted to highlight though that I'm currently unable to get all my BTX across to C-Cex and there's likely to be others in the same position.
308  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTX] Bitcoin- The neXt generation on: June 12, 2015, 12:40:52 PM
The blockchain appears to be stuck, can we get it going again?

I still have my coins that I would like to send to C-Cex

I too am trying to get my BTX over to C-Cex but (like, it would seem, everyone else and the explorer at http://blox.btx.rocks/) I'm stuck on 16696. I also had been waiting and waiting for a substantial portion of my coins that were staking to come out of staking, having relocked my wallet to turn staking off when the announcement about the 1:1 C-Cex coin swap first appeared. They finally did come out of staking but as I was just about to send all my BTX to C-Cex, suddenly another stake payment came through (even though the wallet had been relocked and was no longer staking) and approx 150,000 BTX are now in staking mode again. Arrggh!

I'm just hoping I can get all my BTX over to C-Cex soon but this is proving to be no simple undertaking. The constant problems with this block chain halting and freezing like this are beyond anything I've experienced with other coins.

Can we please get some assurance the 3pm Monday deadline will be reviewed and extended if people are still having problems moving their BTX to C-Cex? I've been working on this for days now.

To protect from staking add
Code:
staking=0
to your conf file.

Okay, have done so. I assume this just prevents coins going into staking mode but once they're staking they have to go through their regular number of blocks before coming back out again?

Also can you comment PrometheusX on my question about the deadline being potentially extended? Even if my coins come out of staking in the next 12-24 hours I'm concerned that with the amount of delay we're experiencing solving some blocks I might not get my BTX onto C-Cex and confirmed in time (and it's certainly not for want of trying). I'm guessing there will be many other BTX holders in this position too.
309  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTX] Bitcoin- The neXt generation on: June 12, 2015, 12:21:09 PM
The blockchain appears to be stuck, can we get it going again?

I still have my coins that I would like to send to C-Cex

I too am trying to get my BTX over to C-Cex but (like, it would seem, everyone else and the explorer at http://blox.btx.rocks/) I'm stuck on 16696. I also had been waiting and waiting for a substantial portion of my coins that were staking to come out of staking, having relocked my wallet to turn staking off when the announcement about the 1:1 C-Cex coin swap first appeared. They finally did come out of staking but as I was just about to send all my BTX to C-Cex, suddenly another stake payment came through (even though the wallet had been relocked and was no longer staking) and approx 150,000 BTX are now in staking mode again. Arrggh!

I'm just hoping I can get all my BTX over to C-Cex soon but this is proving to be no simple undertaking. The constant problems with this block chain halting and freezing like this are beyond anything I've experienced with other coins.

Can we please get some assurance the 3pm Monday deadline will be reviewed and extended if people are still having problems moving their BTX to C-Cex? I've been working on this for days now.
310  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 11, 2015, 08:25:37 PM
"The OpenBazaar core team is excited to announce that we’ve received $1 million in seed funding from Union Square Ventures, Andreessen Horowitz, and angel investor William Mougayar to develop the OpenBazaar protocol and client, and build the first business on top of the OpenBazaar network."

Woop Woop
https://blog.openbazaar.org/openbazaar-is-entering-a-new-phase-with-funding/
 Grin

[hype]

What are you excited about?

Investors like that tend not to invest in dark markets.  

Are they using DASH as a payment method?

[/hype]

well the idea is to implement Dash there
we have a Dev who is looking and working on this since quite a while
he obviously stopped working as there was nothing going on
but perfect timing to revive that
 Wink

Edit 1:
they are on top of my (personal) list since a long time
we need Dash usage in a project like that
real world usage
and great PR all around

Edit 2: (there might be more coming)
i am NOT looking for some google search Drug Market (nonsense)
a legit "Open Bazaar" with anything you want to buy or sell
will just do the job


Is that a three stanza poem?

Interesting.
311  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TRON] Positron Technologies Corporation - Roadmap Posted - May Phase on: June 11, 2015, 08:39:53 AM
This is just about the most boring threads at the moment, I've seen more activity in a cemetery.
slack is the place to be and if u have 6720 trons u can join directors where all tech is going on  Wink


That's the biggest scam I've ever heard of. What about the people who feel $20 is a big amount of money to go in on a coin with. Everything should be open.

Someone should be posting slack conversations on this forum or somewhere else thats open to everyone.


I'm starting to dislike this coin a lot. Nothing but a bunch of greedy people talking about pump n dumps privately.




I think you're over-reacting and making a whole raft of assumptions that aren't valid. Cryptowest has been one of THE most open and accessible devs in all of crypto. You can't for a minute claim "scam" when a dev provides all of his details (even his mobile phone number for goodness sake) and continually provides updates and information on what's happening. I mean give the guy a break! There's nothing special in terms of ability-to-profit-from information/knowledge that people who have large amounts of Tron have versus people that might have only $20 worth. I'm of the firm belief that someone who's invested $20 shouldn't be anymore advantaged/disadvantaged than someone who's invested a large sum of money. However (and this applies to ALL asset classes from real estate to equities to crypto) someone who has made a large investment is obviously committing to the project and wearing far more risk than someone making a very small investment and that's what Cryptowest is acknowledging by make the special "Directors" lounge.

Between here and Slack the fundamental information about what's happening with Tron is available to everyone.
312  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 11, 2015, 04:08:55 AM
I wonder if you'd be prepared to summarise the key points highlighting how these yield increases...

ok, at the risk of my amateur appraisal being shot down in flames by someone far more qualified....

...think of a big huge V. The top left end of the V is 1981 and the bottom apex is now (i.e. the right hand stem is all future).

Since 1981, interest rates have basically been falling. When big pension funds and the like invest money, they usually invest a good whack into government bonds which are considered one of the safest investments in the world since the guv can always tax people if it runs out of cash. (It can also print new money but it needs to 'back' that money with new debt in the form of more bonds).

So consider buying fixed interest rate bonds in 1981 when the interest rate was sky high up in the 18% region. You'd be on a winner if it was a 30 year bond because your money would be earning interest at a rate well above inflation for the whole period since prevailing interest rates have been declining since then along with inflation.

Now consider buying even a 5 year bond now - at almost zero interest rate. We are at the bottom of the V. Governments have been printing money like there's now tomorrow. According to that AEP article there are signs of inflation on the horizon. What that means is three very BAD things for your 5 year bond you just purchased:

[1] - you're going to be underwater for the foreseeable future because you're bond won't even earn you the inflation rate

[2] - the PRICE of your bond will fall (bond prices work in reverse to their yield, that's because if nobody wants to buy it, the lender has to offer more of a return until they find a buyer)

[3] - if inflation is on the rise then interest rates will also to keep it under control, so new bonds will be issued with a much better rate than yours, further encouraging people to dump at a loss and buy the new ones with higher yield

So what will you do ? Why, dump it of course. Which is exactly what everyone's doing and why the Germans just had to bump their bond yields up to 1%.

This is Max Keiser's "Bond Apocalypse" he keeps talking about.

There are other problems: big investors are hedged against this scenario using derivatives such as interest rate swaps. What that means is that when the yield on their investment goes below a certain floor, they are allowed to swap it for another investment who's yield is still high.

Guess who happens to be one of the biggest - if not the biggest - writers of these kind of swaps in the world ? Deutche Bank. Which is why the spotlight is on them in adverse financial conditions such as this. It's one thing to write out pieces of paper willy nilly saying you'll bail everybody out in the event of a fire, it's probably quite another to actually find the liquidity to do it when the s.h.t.f.

...I really don't understand at all (what's "M1" and "M3"?)

These are different grades of money supply. M1 is basically "narrow money" as it's called which means cash - i.e. it's very liquid. M3 is stuff that you can't readily liquidate - money market money and that type of stuff.

Lets say we had two types of money in this thread - Dash and the promise of Dash. i.e. some people were floating around actually doing InstantX wallet transfers and others were floating around exchanging bits of paper saying "promise to pay the bearer on demand X amount of Dash". In the event of a financial crisis, the people holding actual Dash in their wallets are fairly safe. The people trading the IOU's need to first liquify their paper - i.e. go back to the issuer and cash in their IOUs for real Dash so they're one step away in terms of liquidity.

In that scenario, the 'real Dash' would be narrow money (M0 or M1) and the paper would be 'broad money (M3).

The problem that many people are anticipating in the financial system is exactly this scramble for liquidity. Thats what has the potential to collapse the derivative markets because in the Fiat system there are umpteen layers of these liquidity cascades.

Hope I've not told too many lies there !


I'm in the biz, derivative trader friends are no worried more than usual, there is no 'mutterings' of trouble somewhere any more than usual. This article is 90% sensational bs to get the emotions running scared in gold and silver-buyers. Deutsche Bank co-CEOs are out because they don't know how to manage their companies and because legal fees have been ridiculous. Wall Street Journal tells the complete story, unlike this sensational fear-monger...http://www.wsj.com/articles/deutsche-bank-co-ceos-to-announce-resignations-1433674815
Anyhow the 10% of the article which is accurate is that transports are breaking away from the overall market, something typically seen at market, and economic, peaks. However it should be noted that the airline sector was helping to drive Transports higher and higher and they likely saw their peak weeks ago with the bottoming of oil....so my point is Transports diverging from the market might just be a sector-specific thing versus a monumental shift from an expanding economy to a retracting economy slowly taking hold.
How does this tie in to Dash? It doesn't really. We really have no clue yet on how cryptos are correlated to economic recessions. Maybe Dash is a safe haven, maybe BTC is a safehaven, maybe they're all speculative assets which get demolished during recessions....It should be obvious by now however that the mere existence of any value tied to cryptos should scare the bajesus out of the government and the investment world because it can be made completely untouchable to the government in the event that they need to produce tax revenues to pay off bonds and, unlike gold, you can spend cryptos and don't necessarily have high storage costs nor require a gun to protecting it. So maybe if the shit hits the fan so bad that governments raid IRA's and 401k's and lockdown checking account cash withdrawals then maybe cryptos are the true safehaven after all....and maybe then Dash's anonymity factor will become vital to civilization angry at government mistakes and control and so it'll gain serious value. $1,000 per Dash sounds about right in that scenario.
Sorry for the long reply, good to be back!

JL

Thanks Jesse. That's an interesting counter view too. I've also always enjoyed your posts and hope you will comment like this a lot more in future as well.

I would be fascinating to sit a room with you, Toknormal and your associates and hear what you all think about China. From what I can tell of the way the shadow banking system loans money based on collateral that's been used for other loans dozens (potentially even hundreds) of times prior, that's one big house of cards I don't know how Beijing will handle when it starts tumbling. And we surely can't be too far away from the real estate bubble there seriously imploding.
313  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 11, 2015, 04:04:09 AM
I wonder if you'd be prepared to summarise the key points highlighting how these yield increases...

ok, at the risk of my amateur appraisal being shot down in flames by someone far more qualified....

...think of a big huge V. The top left end of the V is 1981 and the bottom apex is now (i.e. the right hand stem is all future).

Since 1981, interest rates have basically been falling. When big pension funds and the like invest money, they usually invest a good whack into government bonds which are considered one of the safest investments in the world since the guv can always tax people if it runs out of cash. (It can also print new money but it needs to 'back' that money with new debt in the form of more bonds).

So consider buying fixed interest rate bonds in 1981 when the interest rate was sky high up in the 18% region. You'd be on a winner if it was a 30 year bond because your money would be earning interest at a rate well above inflation for the whole period since prevailing interest rates have been declining since then along with inflation.

Now consider buying even a 5 year bond now - at almost zero interest rate. We are at the bottom of the V. Governments have been printing money like there's now tomorrow. According to that AEP article there are signs of inflation on the horizon. What that means is three very BAD things for your 5 year bond you just purchased:

[1] - you're going to be underwater for the foreseeable future because you're bond won't even earn you the inflation rate

[2] - the PRICE of your bond will fall (bond prices work in reverse to their yield, that's because if nobody wants to buy it, the lender has to offer more of a return until they find a buyer)

[3] - if inflation is on the rise then interest rates will also to keep it under control, so new bonds will be issued with a much better rate than yours, further encouraging people to dump at a loss and buy the new ones with higher yield

So what will you do ? Why, dump it of course. Which is exactly what everyone's doing and why the Germans just had to bump their bond yields up to 1%.

This is Max Keiser's "Bond Apocalypse" he keeps talking about.

There are other problems: big investors are hedged against this scenario using derivatives such as interest rate swaps. What that means is that when the yield on their investment goes below a certain floor, they are allowed to swap it for another investment who's yield is still high.

Guess who happens to be one of the biggest - if not the biggest - writers of these kind of swaps in the world ? Deutche Bank. Which is why the spotlight is on them in adverse financial conditions such as this. It's one thing to write out pieces of paper willy nilly saying you'll bail everybody out in the event of a fire, it's probably quite another to actually find the liquidity to do it when the s.h.t.f.

...I really don't understand at all (what's "M1" and "M3"?)

These are different grades of money supply. M1 is basically "narrow money" as it's called which means cash - i.e. it's very liquid. M3 is stuff that you can't readily liquidate - money market money and that type of stuff.

Lets say we had two types of money in this thread - Dash and the promise of Dash. i.e. some people were floating around actually doing InstantX wallet transfers and others were floating around exchanging bits of paper saying "promise to pay the bearer on demand X amount of Dash". In the event of a financial crisis, the people holding actual Dash in their wallets are fairly safe. The people trading the IOU's need to first liquify their paper - i.e. go back to the issuer and cash in their IOUs for real Dash so they're one step away in terms of liquidity.

In that scenario, the 'real Dash' would be narrow money (M0 or M1) and the paper would be 'broad money (M3).

The problem that many people are anticipating in the financial system is exactly this scramble for liquidity. Thats what has the potential to collapse the derivative markets because in the Fiat system there are umpteen layers of these liquidity cascades.

Hope I've not told too many lies there !


Thanks very much Toknormal; I think that's an excellent reply (but that assessment is based on my ability to understand the concepts you're elaborating on; obviously not necessarily that they're valid). It's clear that the bond markets are incredibly important as a bellweather for overall health/risk. I'm keen to get a greater understanding of it. What makes this stuff so hard to comprehend is when you figure in the effect of these financial instruments such as interest rate swaps. The world seems to be so leveraged off of other forms of leverage. One day when we have to pick up the pieces, there'll be howls of protest as to how we let the whole system get so out of hand (and by "we" I mean basically that Wall St 'Gods' have been allowed to continue on building more and more complexity unchecked because it's just too hard for an average citizen to comprehend and understand to know there's even a big problem let alone tackle it).
314  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 11, 2015, 01:29:36 AM

Financial waves lapping up against banks. People dumping 1% bonds for 2.

Also check: http://www.silverdoctors.com/fund-manager-a-derivatives-bomb-exploded-within-the-last-two-weeks/


Tok, one of the harder things to understand about the ebb and flow of world currency markets is the bond yield rate. It's one of those barometers that seems to have numbers attached that work in opposite directions to most other things.

I've just read this article and (as much as I've enjoyed reading Evans-Pritchard's stuff in the past) I'm struggling to understand much of the jargon and throw-away lines he's using.

I wonder if you'd be prepared to summarise the key points highlighting how these yield increases...

Quote
Paper losses over the last three months have reached $1.2 trillion. Yields have jumped by 175 basis points in Indonesia, 160 in South Africa, 150 in Turkey, 130 in Mexico, and 80 in Australia.

...fit into the overall alarming picture?

And this bit...

Quote
Bond vigilantes - supposed to have a sixth sense for incipient inflation, their nemesis - strangely missed this money surge on both sides of the Atlantic. Yet M1 is typically a six-month leading indicator for the economy, and M3 leads by a year or so. The monetary mechanisms may be damaged but it would be courting fate to assume that they have broken down altogether.

...I really don't understand at all (what's "M1" and "M3"?)


Edit: Love your graphic BTW.
315  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN] [TRON] Positron Technologies Corporation - Roadmap Posted - May Phase on: June 09, 2015, 03:58:21 AM
ROFL an exchange full of shat coins?

We can remove it from both sites if you prefer that

Just ignore people with nothing better to offer than negativity iGotSpots. Good on you for supporting Tron.
316  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 09, 2015, 03:42:26 AM
My Raspberry Pi 2 is arriving this Wednesday and I'll be setting it up on the 1 external ip that I have on my home network. This is going to be a learning experience, since my background isn't in computers.

WHAT I'VE LEARNED SO FAR

- Every Masternode runs on it's own external ip and on port 9999. Most home networks only have 1 external ip, sometimes it's static but most of the time it changes. Every masternode needs to be on a static ip.

- In order to run more than 1 masternode you will need to pay for more external ips. Most Masternode owners buy these external ips from companies that can also host the masternode on their own servers. It's usually $5 per month for this service.

Questions

- I see that VPN services offer to host in many different countries. If I'm in Australia, should I look for a VPN service near me to host the masternode? Or could I host it in the USA?

- Has anyone here hosted more than 1 masternode on their home network? If so, how does it work?

- In layman terms, how does hosting a masternode on a VPN service actually work? Does my wallet on my computer always have to be connected to the internet for the masternode to see my 1000 DASH? Can I use 1 wallet to host multiple masternodes? Are VPN services reliable, do they have 100% uptime? Is it safe? Can they steal my DASH?

- I believe most masternode operators use a program called Putty to maintain/update their masternodes. Since, I'm on a mac I found this: http://brew.sh/ and http://brewformulas.org/Putty

- Is Goldenfrog a good VPN? https://www.goldenfrog.com/vyprvpn



Thanks for your ongoing willingness to summarise what you're learning bluebit. It's good for new people to see what you're doing and encouraging for the ones that have been around for a while to see someone tackling their knowledge gap.

I'm no expert on many of the questions you're asking, but I know enough to have successfully run an MN on Vultr.com for quite a while now so will comment on two things you've asked about.


Quote
- I see that VPN services offer to host in many different countries. If I'm in Australia, should I look for a VPN service near me to host the masternode? Or could I host it in the USA?

I think you may be getting VPNs and VPS's confused (or I'm misunderstanding you). A VPN is a Virtual Private Network which provides a secured conduit or channel over a public network to access a private network. They've been in use in the corporate realm for decades but they're something many people are only just learning about in the regular Internet world (and I don't know if Goldenfrog is good). Typically a VPN service allows you to connect to a PoP (Point-of-presence) server in your home jurisdiction and then exit the VPN in another jurisdiction meaning your IP address (as seen by any website you're connecting to) is the local PoP at the exit destination, not your original IP address at your own location. This is how you can get around being restricted on getting access to certain websites and content. I'm in Australia too and (as you'd know we pay a premium for EVERYTHING here) so I once used a VPN to connect to a cruise line's U.S. based website to make a booking and saved thousands of dollars. At the time, if I put the same web address into my browser without being connected via the VPN, I'd be automatically re-directed to the local Australian operation and there was no way of preventing this. But with the VPN, the U.S. based web site for the cruise company "saw" an incoming IP address that was U.S. based hence allowed me to connect as if I was physically present in the U.S. This is just one example of a VPN's use; the major purpose is to provide some level of anonymity so your local ISP doesn't "see" everything you're doing online (but it's far from fully "anonymous").

A VPS on the other hand is a Virtual Private Server which is what many of us running MNs use. Examples are Amazon and Vultr (and you can view a whole lot more here http://lowendbox.com/). I use Vultr, but with a server instance that's running here in Australia in Vultr's Australian based data centre (but I could have just as easily configured my instance to be somewhere else).

Quote
- In layman terms, how does hosting a masternode on a VPN service actually work? Does my wallet on my computer always have to be connected to the internet for the masternode to see my 1000 DASH? Can I use 1 wallet to host multiple masternodes? Are VPN services reliable, do they have 100% uptime? Is it safe? Can they steal my DASH?

You need to have 1000 Dash in a wallet but it doesn't need to be running ON the VPS (in fact having your 1000 Dash running on a wallet on the VPS is not a good idea at all as your Dash is less secure under that configuration). It's better to have your Dash in a wallet on your Win or Mac PC. However, the wallet doesn't need to be running the whole time; just at the beginning when you start your MN. But you need to be aware that the MN constantly monitors the address on the blockchain holding the 1000 Dash, so if you send those coins somewhere else, your MN will stop functioning and drop off the list. There's a whole lot more to know in terms of best practise around securing your Dash (cold wallet, keeping permanently offline, etc). Read through some of the guides on Dashtalk.org to get a better understanding.

I hope this helps.

317  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 05, 2015, 01:11:54 AM

There is no need for this
i agree !
let them do their thing.
vertoe said from the beginning he will do that coin as an experiment but will not be full time and they should not be counting on him,
we are all thankful for the hard work he put into DRK, and he moved on .... and done
let this be !

Relax, it's just an update, but I stand by my comments.

I am way relaxed
do not worry about that
 Grin

and fixed again so the right quote boxes represent the person that's actually said that...
318  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: June 05, 2015, 01:04:30 AM

There is no need for this
i agree !
let them do their thing.
vertoe said from the beginning he will do that coin as an experiment but will not be full time and they should not be counting on him,
we are all thankful for the hard work he put into DRK, and he moved on .... and done
let this be !

Relax, it's just an update, but I stand by my comments.

I wish you guys would ensure the right text is in the right person's quote box. Fixed it for you.

(And yes I think we're above the need to rub someone's nose in their flawed behaviour. Vertoe did lots of good work for Dash over a long period. Just leave it at that as anyone who understands what it means to be a supporter and a team player knows what's happened with him).
319  Alternate cryptocurrencies / Announcements (Altcoins) / Re: BITCREDIT | BANKNODES | P2P LENDING | CREDIT SYSTEM on: June 05, 2015, 12:30:33 AM
What's happened to all the conversation here? Seems to have dried up.

What's the latest bitcreditscc? hack_? thelonecrouton?
320  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][BTX] Bitcoin- The neXt generation on: June 04, 2015, 07:29:24 PM
Is everyone else stuck on block 15317?

I'm coming up to approx 24 hours of my wallet stuck there. The explorer at http://blox.btx.rocks/ shows this is the last block too.
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