Just as we're starting to get a little rally going, and then those fucking multipool pieces of shit come in and dump. We should get some funds together to DDoS the shit out of multipools that are dumping DRK. This is fucking ridiculous.
DRK doesn't have multipool dumping issues - it's a myth. The quantity of the mined DRK is in itself very low (2880 coins -20% for MN = just 2300 coins...). And of the 2300 coins, what percentage is mined by multipools? 50%? Which is like what? 1100 coins? Which make for like 11 btc per day? And the daily volume is like 160 btc just on mintpal? The DRKs traded at the market are by traders who are playing with thousands of DRKs. Multipools are nothing. Whatever the reason this is fucking annoying, fuck these idiots selling. That's how markets operate. Someone is selling, another is buying. Bitching about people selling is for shitcoin threads, not DRK with millions of USD in volume. +1 Cryptos are risky and you can lose everything. I believe in darkcoin and I have invested, but I know the risk I'm taking. If the price goes down and I lose money, it will be my fault, not other's people who are selling. In very few places the market forces are so pure. |
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Shouldn't a cap be set? I mean, there is an obvious conflict of interest here...  Maybe, but it would need to come from Kristov himself rather than people just randomly stopping donations. For the community to decide the cap we would need to know how many hours he is going to spent going over the code, how much he would be paid per hour for similar actively by other entities, whether or not he is just reviewing or will be providing snippets of improved code, etc. Plus if you read the reddit it seems like this not the first time that he has used this model and I have not heard anybody calling him out on his integrity. If he finds issues with the code or design, and provides suggestions or even code to fix them, then he would deserve another round of donations imo. Don't disagree. In fact, to put things another way for anybody that has fears of the the donations being seen as bribery. This might have actually been a concern if Darksend was going to forever remain closed-source and the marketing was going to be based on "well it is closed-source but Kristov Atlas said it was OK". However that is NOT the case. Darksend will be open-sourced. And if (and I don't believe for one second he would do this) he purposely gave a false endorsement so that his donations would increase in value -- then as soon as the code was open-sourced the coin would fall flat as anybody would be able to see any and all warts. The reason to donate is so that he feels motivated to spend a lot of time on the code looking for any and all bugs, suggesting new code, etc, -- so that when it is open-sourced we don't have a bunch of day 1 exploits, hacks, or other disasters. The donations are for his valuable time. And the more of it he spends on the code the better for all parties involved with Darkcoin.  Exactly... For something as important as a code review you don't want someone to rush it or feel like their time is not appreciated... For this exercise we need to not act like little kids playing with funny internet money thinking 10 DRK is making someone hella rich. 200 DRK is about the daily rate for a top shelf technical resource, in the real world it's peanuts... We thank Kristov for his time and dig deep to ensure he feels appreciated. This is not a bribe, this is acting professional and paying someone for their time... Moreover, if he were in this because of the money, he could invest some real money before publishing his review (in drk if it were to be positive or in some other form if it were to be negative). But he won't because his most valuable asset is his reputation. That is worth much more than any amount we can donate to him. |
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I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc. Bitcoin 616$ ~3600 per day = 2.217.600 $ per day Litecoin 8,32$ ~30.000 per day = 249.600$ per day Darkcoin 5,89$ ~2880 per day = 16.963$ per day I was flabbergasted when I saw these figures, am I doing it wrong  While the math is correct, the assumptions you are using are incorrect. You make the assumption that 100% of all coins generated are sold in the open market (and that there are no other sellers such as those that previously purchased coins seeking to cash out). In contrast, if miners retain their generated coins instead of selling them, there would be NO inflowing money required to retain the same market price. What matters is the supply vs demand equilibrium price. The more that miners seek to sell their coins (supply), the more demand is required to offset it. If at any point supply increases (due to coin generation increasing or the share of generated coins miners seek to liquidate), the more demand would be required to offset it. If supply (including those that seek to cash in earlier purchases or merchants that seek to convert DRK revenues back to fiat) exceeds demand, the price will begin to fall. And if supply falls short of demand (or if demand increases above supply), the price will rise. So you can see, the function of price is far, far more complex than looking at the number of coins generated. It could be argued that miners or masternode owners keeping their coins is an act of investment. I agree that this is all theoretical and the price is what the market says it should be, but with coins being created every day there is a need for increased demand just to maintain the price. |
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A question was asked 2 pages ago, and wasn't answered. Why can't we keep DarkSend closed source?
When the code is open sourced and everyone can see exactly what is in the code. No cheating can be done (like hidden blocks to pay out to an address every X blocks, or some such) This makes it trustworthy.
So why is it closed sourced right now?
Just one look at our recent past shows what chaos would have transpired had a bunch of alt coins implemented DarkSend half assed. Evan knew exactly what was happening and could make quick decisions as to how long to let the forks try to resolve, and when and how to quickly shut it down. It seemed like chaos, but really, it was quite controlled and I don't believe anyone was majorly inconvenienced.
Had a bunch of alts been running the unproven software, they would have fallen apart and blamed Darkcoin. Keeping it closed source until it is completed was the wisest choice Evan made on this entire project. But when it's completed and proven to work, it has to be open sourced or it will never be adopted as the main anonymity solution to crypto currency.
That's the best explanation I've read on that I guess the other user was worried about other coins copying Darkcoin. To that I say, we shall not worry. Code is not like a song you can download and use forever. Code needs maintenance and only proper devs can do it. We have them, most other coins don't. Also, networks effects are huge and we already have a size that makes it difficult to compete with us for all the other anonymity based cryptos. |
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Thanks for answering my question. So I am correct in my assertion that masternodes are collecting 20% during the testing phase. That seems odd. And it's going to continue for another couple weeks until RC4 is released? Hmm, makes perfect sense I guess if you're a masternode operator. To anyone looking from the outside it looks much different. Getting paid for something that isn't actually functional. Okay.
Well, the alternative was "Ok we're ready for RC4 - oh, we only have 20 Masternodes. Uhh, ok now what...". Removing the limit on Darksends without having the proper MN infrastructure in place wouldn't have worked. Getting the proper infrastructure in place without a reward mechanism may not have been possible at all (by "proper" I mean something like 600-1000 MNs) without offering an incentive to MN operators. Something like 12% of the coin supply is also out of circulation due to Masternodes, which helps bolster the price of the coins miners are getting. It's a bit of a trade off, but I think it works out OK for everyone involved. The coin is priced on speculation at this point anyway as the crowing feature (Darksend) is still closed source. A HUGE part of that speculative valuation is due to the service that the Masternode network provides. Also, not everything can be tested in testnet and in the last few months several changes have been introduced sequentially. Some of them have proved to be trickier than expected (like masternode payments) and have needed several tries. Should everything have been introduced at the same time, probably it would have been mayhem. |
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Hey, what gives?
Give, and you shall receive.  Dance donations, dance! Not that anyone is gonna care, but I believe you are using an outdated backgroud from the original whitepaper  I take my job here very seriously. Which background would you suggest? Not sure if this the best of ideas, but I guess it is a good opportunity to post again the last darksend charts   I'll use the occasion to remind everyone to read what to expect from RC4: https://darkcointalk.org/threads/development-updates-july-7th.1735/And the comments Evan did a few days after that here:
Sorry to hear you lost faith in the project. Also, sorry you're going to be getting out at a horrible time (right before I announce I have EVERYTHING figured out to make Darkcoin mainstream?).
Over the past couple of days, I've made huge leaps in the Darksend technology. In fact, RC4 will be the final solution to Darkcoin's anonymity. The client will automatically look at all of your funds and it will be able to tell which funds are not anonymized, if it finds non-anonymous outputs it will run them through a darksend with other clients. After that process, users can send without Darksend using the anonymous outputs for instant transactions without waiting for other nodes (with no upper limit on transaction sizes).
The other thing you're missing is that there is a reason I forked Bitcoin. Adoption for Darkcoin will be MUCH faster and easier for vendors, because all of the APIs are the same.
Expect more news in a few days. I have lots of work to do, but soon we can start testing all of this new functionality.
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going to get my darkcoins out just to be safe any other good exchanges you guys recommend
For trading more than just DRK/BTC (Bitfinex seems to be good for that), I'd still just use MP, though Poloniex hasn't had any trouble in quite some time and adds coins far quicker. They just don't have too much volume. I guess Bittrex is ok as well, I just don't like their interface. Cryptsy, mine are on it and I didn't encounter any problems ever with them. Some people only ever learn the hard way... what do you mean something wrong with what they recommend ? going with Bitfinex I had a small amount at Mintpal and withdrew it today. Not very worried, but I don't trade, so they were at MP out of laziness. Laziness leads to losses. My local wallet is my new exchange. There is no perfect exchange and there will never be one. Local wallets are not perfect either because accidents happen. Everyone needs to take responsibility about security and make informed decisions. |
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ROADMAP ?
I am trying to evaluate my DRK investment.
Essential to know this week's, and this month's, and this summer's plans.
As it is difficult to nail down specific dates, it could also be like "probably end of July", or "late next week"; or give dates, with a lot of buffer time.
Is there a roadmap, a list of dates?
Planned announcements, whitepapers, next versions, coin features, merchant adoption, conference talks, press conferences, google hangouts, games, competitions, etc. pp. ?
Thank you very much!
This is an innovative project in constant development. Don't expect certainty because it can't be provided. There are not such lists and probably there won't be for quite a time. I understand it can be frustrating, but if you stay around you'll learn to enjoy the surprises  |
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Hey, what gives?
Give, and you shall receive. Dance donations, dance! Not that anyone is gonna care, but I believe you are using an outdated backgroud from the original whitepaper |
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Jeez. I can't believe they forked VRC to take out that hack.
That must be a first for cryptos. How can they possibly think that's going to do anything other than kill the coin ? It's now become a CDT - Centralised Developer Toy.
I don't think those folks have thought through the implications of this properly. I've got some Veri on Mintpal but it doesn't seem to be tradeable right now.
I've read somewhere that 30% of the coin was stolen. If that number is true, which I'm not sure yet, then doing nothing could also mean death. How can 30% of a coin end up in an exchange is difficult to understand... and it is a PoS coin!!! The right question is how can 30% of coin end up in hot wallet of the exchange... Mintpal was staking them They say they weren't, but at this point some skepticism is quite healthy: https://support.mintpal.com/index.php?module=announce&sec=view&id=18 |
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I've read somewhere that 30% of the coin was stolen. If that number is true, which I'm not sure yet, then doing nothing could also mean death Thats why I think it was just a last resort damage limitation excersice by the devs. All the same, pretty drastic stuff. I mean if you do that you potentially destroy the coin's candidacy for widespread adoption for ever. Given that background there's not much reason for anyone to hold and so you could just up with 50% of the coin supply being dumped instead of 30%. I don't see the reasoning behind this. There must be more to it that's not in the public domain. I guess/hope we'll know more as it develops. |
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Jeez. I can't believe they forked VRC to take out that hack.
That must be a first for cryptos. How can they possibly think that's going to do anything other than kill the coin ? It's now become a CDT - Centralised Developer Toy.
I don't think those folks have thought through the implications of this properly. I've got some Veri on Mintpal but it doesn't seem to be tradeable right now.
I've read somewhere that 30% of the coin was stolen. If that number is true, which I'm not sure yet, then doing nothing could also mean death. How can 30% of a coin end up in an exchange is difficult to understand... and it is a PoS coin!!! |
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I thought about running some masternodes.
You see, we are starting to rub off on you. That's how some people started here. First they were trolls, then they were sceptical, then they were miners, then they were members of the community, then they were helpers.....and then they were holding a bag of eCash. You'll wake up one morning with a Darkcoin addiction and a DRK tattoo on your girlfriends ass. Hehe coins101 I get these points but my wife does not have a tattoo yet...meaby when I`ll buy a house thnx DRKcoins she will have I am willing to have the Darkcoin symbol tatoo'd on my arse for 1000DRK.  I'll do it for 999DRK Edit: I'll get mine tattoed for 999DRK, I won't tattoo yours... just in case it was not understood! |
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Please repost ! (as long as it takes) ….>>  Are you serious? Did you even stop and think about what you were doing before you made this post? A picture of a terrorist with a gun? Really? Do you think this is funny? You ass wipes have been threatening people and now you post this shit? I have buddies that died on foreign soil fighting scumbag terrorists like this guy. You make me sick. First a cop now a terrorist. Well we finally see what the Darkcoin community is all about. Your true colors are in full display. I'm going to mine on the non-compliant pools and feel good about not letting you extortionists steal 20% of my mining proceeds. Then I'm going to sell it and use the proceeds to buy cryptonote coins that offer anonymity without this bullshit masternode network that taxes the poor and gives to the rich. Some guy posted some pages back about making 1 btc a week running his masternodes. How many miners even get a fraction of 1 btc a week mining darkcoin? Yet these same miners are now being forced to give up 20% of what they mine so some guy with 50,000 DRK can make a btc a week while they likely don't even break even. This entire masternode tax is nothing more than a scheme that allows the rich to get richer while the miners get screwed. And don't give me that argument about the price increasing and it will help the miners. Guys are making btc running masternodes and the price of Darkcoin keeps going down. What a joke. I would have left this thread alone but when some jackass posts a picture of a terrorist with the words "Do it now or we have to come over there" there is no way I'm going to just sit back. I saw the rubble of the Twin Towers in Manhattan a month after they came over here. Anyone wanting to boycott the 20% tax taken from the poor and given to the rich please use the following pools listed below.
Last EDIT: July 12th
These are the major pools that pay 20% more DRK
nicehash.com
ghash.io
x11.ltc1btc.com
darkcoin.cryptocurrency.tw
dark.hashrate.eu
dark.v2.dedicatedpool.com
With all due respect, you can't take that photo out of context. The author is producing a lot of content for several social networks every day. He uses a fun tone even to talk about darkcoin problems or price falls. When he says he is going to go for someone he is not meaning it literally, he is just passing a message to update. I personally don't love the tone, but let's not make it say what it is not saying. Also, as others have pointed before, any of us know who the guy is, where he is from, or if he is a terrorist. There is no problem with non-compliant miners. The rules now say that you can keep mining darkcoin without paying and that is something you and others are doing. I feel it is not fair because masternode owners also provide a service to the network, just like miners do, but that is clearly not what you feel. Some masternode owners have a lot and others don't, just like miners. I can think of a few masternodes owners who have done a huge effort to get one, just like I know a few miners that have done a huge effort to buy their equipment. Some have done both huge efforts because most masternode owners are also miners! When the rules change you are free to leave or to play by the new rules, just like any of us. |
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A ridiculous prediction. Forbes ? Does not change anything. Already, Darkcoin not dependent to Bitcoin. Will be a self-contained unit after when widespread fiat exchanges. That is not a prediction, just an article about another coin. Enjoy it for what it is I don't expect DRK to go much lower than now, but nobody can know for sure. This is not the place for the faint of heart and the history of bitcoin crashes shows it (and it doesn't even get to the last ones!). We have already suffered a correction of more than 60%, but if you bought a few months ago you are still in dark black numbers. It all depends on the time frame you consider. Know what you invest in and stop looking at the price every minute. |
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I propose an experiment, to all Darkcoin investors. 1) Listen to the first part of this podcast, where Andreas Antonopolous explains in technical and practical terms, the inner workings of a 51% attack, as well as what exactly can happens during a fork, as well as mining, and pools, and all that jazz... 2) Substitute the word "Book", with "closed source Darksend" - and "Nicosia University" with "testnet" 2.1) "Masters degree" with "Masternode" 3) Substitute the word "Bitcoin" with "Darkcoin" 4) Substitute "5 years" with "6 months" (only happens once, easy to remember) 5) When done, re-evaluate Darkcoin, and Evan's roadmap strategy. http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-125-51-solutions-and-zhou-tongedPlease feel free to bump this for while so our time-divergent friends and investors around the world see this. Only takes 30 minutes, and can change your entire perception of things. OOpps... did I just bump myself? Please excuse me. Yeah, you did!! I listened to it yesterday. Dude, trying to perform all those substitutions is too stressful! I just enjoyed the interview, but I agree that the process of testing, learning and iterating is common to both story lines. For those who haven't listened, do it. LTB is usually entertaining, but Antonopolous takes it to a different level with his super clear explanations. |
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I was going to answer the guy calling the masternodes a tax, but then Evan stormed into the thread and I think it is not necessary anymore Anyway... miners secure the network and process transactions, and they get paid for that. Masternodes provide other functionalities to the network, and they get paid for that. I must be really dumb because I don't see the difference. I only see people putting resources into the network and getting paid for that. Everyone is necessary. |
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We're almost at 80% masternode payments compliance!! I'll admit I didn't think we could do so well without enforcement, but I didn't knew people like GhostPlayer were going to work so hard on this Enjoy the graph.  wow this is really ghostplayer, chaeplin and splawik21 work, great guys el presidente scanned half the internet for these unknown pools I think, thats more than awesome You are absolutely right, I only said GhostPlayer because I was thinking about his posts in darkcointalk abou this, but a lot of people have been involved. |
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We're almost at 80% masternode payments compliance!! I'll admit I didn't think we could do so well without enforcement, but I didn't knew people like GhostPlayer were going to work so hard on this Enjoy the graph. |
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I am Mr Ricardo big holder and a person prosperous in giving away. I am helping communities here and there to stand on their ground. My wealth carefully gathered and multiplied to do giveways for each person, who are the honest adopter of his intentions and making productive activity. I will bring to your community years of experience in various branches of science and technologies, i have a smooths collaboration with genuine and high-rated persons behind me. Soon i will disclose the main goal i am here for.
----
Mr Ricardo
This guy is spamming all forums and irc. Beware Don't be so hard, he probably has a few million usd trapped in Nigeria and needs some help to get them out. |
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