Jeez, another dump, looks like we'll be testing 0.01 before going back up... I didn't see that one coming  The regular intervals are unnatural as well. Seems like someone trying to crash the price. Luckily they will eventually run out of coins. |
|
|
|
DRK is lacking perspective right now. Markets always search dates/events they can look forward too, but DRK is lacking a bit in that regard.
I agree with this. The team used to be more clear about timelines etc, but now things are more in the dark. I'm hoping for a big announcement soon. Obviously keeping my stash of DRK no matter what, since in the end, price will be >$50. PR/communications is a weak spot for darkcoin. Luckily the technical side is strong and that is more important but price is a reflection of perceptions as well. Better communication would help remove uncertainty and support the price. Again: I wish that the team would pick up a communications person!!! This talk of LTC arbitrage, I don't buy it, unless somebody can show that the DRK/LTC market volume has picked up significantly in the last 24h. Well in the teams defense: one, the price drop mostly has occurred on the weekend which is when Evan has recently been more quiet -- let's see what happens over the next few days two, I am not sure if we want to brag about non-enforced MNs payments anyway -- especially since 50% of the pools are still non-compliant and three, given all the problems to date with enforcement -- coming out now and setting dates beyond that is risky (might lead to delays which alway play poorly in the market). My advice... ignore the price and sit tight. |
|
|
|
First thing, whoever told you that POW was finished for this coin was LYING. Next time, you should go to a different source for your crypto info or do your own research. In the worse case, there is still about 70% (read that again -- 70%) of DRK that remains to be mined. Could be more available depending on hashrate. Miners will get 80% of these. Sorry this is not some early adopter scheme like the 1 week POW then 100% POS coins. If DRK is a early adopter scheme then so is Bitcoin.  Well i'm glad that it isn't true. To be honest i read it in the trollbox, and didn't necessarily treat it as fact, as the poster was promoting BC at the time. Come release of Darksend i'll have a look at the source. Who knows, i might become a Darkcoin miner/enthusiast yet!! As for the rest of your post, well.... you sound like one of the "Bitcoin is perfect and nothing can be to improve it" types. I don't know if Darksend will stand the test of time, but I do know that to call it a illusion before it's full release is very short-sighted.
Not at all. I love bitcoin, its the standard, but i also love and embrace all tech as whole. I'm also fairly adept with the inherent insecurity of the internet, so when i hear about things like "DarkSend" and "100% Anonymous Crypto" the bullshit alarm in my brain starts ringing. Again, just to reiterate on the piece of my post you didn't address, I do not like the decentralized nature of the Masternode setup at Darkcoin, BUT , many coins have a centralized aspect, such as checkpointing servers in some POS coins. the way i see it, masternodes and checkpoint servers may be a necessary evil. So all in all i guess the Masternode setup isn't a big deal, so long as it offers no unfair disadvantage to common miners. At this point, the only other thing i might complain about, is Darksend, but i don't know enough about it, and haven't read the code to make a reasonable quantification about the pros and cons. For now, i will "crawl back in my hole" and continue to observe from a distance. If i see something awesome, i'll be the first one here to praise it. if i see something wrong, i'll be the first one here to denounce its usefulness. Fair? That's fair. Admittedly my post was probably a bit harsh. As for masternodes, I think it is going overboard to call them centralized as we already have nearly 500. Is it 500 different people? No, but it is also not a handful of parties having control. Masternodes where chosen as a "meeting halfway" type of solution between something like ring sigs (which have blockchain bloating among other technical challenges) and being at the mercy of DOS attacks which is a risk if you use blind signing. The purpose of masternodes is to moderate Darksend transactions and to punish any bad actors -- and I am sure you know that there is no shortage of bad actors in the crypto space. Masternodes can also be used for things like hosting the blockchain down the road. In short, I don't think they are as bad as they seem. Briefly on checkpointing, there was a discussion about using an auto-checkpoint server for DRK, but that was scraped. Now the checkpoints will only be used if we have more forking issues as that will help the prevention of panic (exchanges on wrong blockchains,etc) we've had in the past. |
|
|
|
It bothers me that its closed source. Its not a real crypto until its open source
Only Darksend is closed source. Every other aspect of the coin is open and there is even a separate version that can be built from the source for those that will not use closed source software. If that still bothers you then wait. Darksend will be open-sourced as well -- likely in August. Its not the only thing that bothers me. i've also heard that Proof Of Work has ended on this coin. I feel like most of the coins that have adopted this model are early adopter schemes. I'm not accusing dark of being an early adopter scheme, but it just doesn't sit right with me, especially at current prices.I also dislike the centralized nature and obvious unfair advantages it gives the Development team. i think that Darkcoin is fools gold, just like primecoin was when it was released. fools gold, offering the illusion of worth with no tangible benefit, but i'll tell you this much: Darkcoin is the shiniest of all the turds in this punchbowl we call Altcoins. First thing, whoever told you that POW was finished for this coin was LYING. Next time, you should go to a different source for your crypto info or do your own research. In the worse case, there is still about 70% (read that again -- 70%) of DRK that remains to be mined. Could be more available depending on hashrate. Miners will get 80% of these. Sorry this is not some early adopter scheme like the 1 week POW then 100% POS coins. If DRK is a early adopter scheme then so is Bitcoin. As for the rest of your post, well.... you sound like one of the "Bitcoin is perfect and nothing can be to improve it" types. I don't know if Darksend will stand the test of time, but I do know that to call it a illusion before its full release is very short-sighted. |
|
|
|
It bothers me that its closed source. Its not a real crypto until its open source
Only Darksend is closed source. Every other aspect of the coin is open and there is even a separate version that can be built from the source for those that will not use closed source software. If that still bothers you then wait. Darksend will be open-sourced as well -- likely in August. |
|
|
|
Enforcement already here. Just waiting for everybody to be on the chain. Once Evan feels that everything smooth, enforcement will be turned on. Initially he said it would take 2-3 days to turn it on. But there are people still did not update. Just expect it to be very soon. who dump ?why dump dark? To be honest I am not sure what is going on. Of all times, right after DRK gets MN's payment working and Evan finally gets to work on improved anonymity and perfecting enforcement (coming in RC4) people dump when they have been buying or holding. Seems odd. Is this people voting against MN's? Selling the news? Wanting to go play with some other shitcoin? Or just the normal silliness in the altcoin space which should be summarily dismissed? No plans to access my cold storage, but not sure of what to make of the current market. I think people are waiting for the announcement that enforcement has been enabled and RC3 is 100% implemented & working. This should be very soon. I was under the impression that enforcement was coming with RC4. You think it will be sooner? Might scourge up some BTC to buy at these levels if that is the case. Could be multipools mining and selling also.
Well I doubt 3000+ DRK in one go is a multipool.  I am well aware that it is in the current clients and can be turned on at anytime. I just missed where he said that this was planned for anytime soon. I remember reading in the "RC4" update over at darkcointalk that it was going to go on testnet and some new system was going to be tested first. Can you point me to where he said that enforcement was right around the corner? |
|
|
|
who dump ?why dump dark? To be honest I am not sure what is going on. Of all times, right after DRK gets MN's payment working and Evan finally gets to work on improved anonymity and perfecting enforcement (coming in RC4) people dump when they have been buying or holding. Seems odd. Is this people voting against MN's? Selling the news? Wanting to go play with some other shitcoin? Or just the normal silliness in the altcoin space which should be summarily dismissed? No plans to access my cold storage, but not sure of what to make of the current market. I think people are waiting for the announcement that enforcement has been enabled and RC3 is 100% implemented & working. This should be very soon. I was under the impression that enforcement was coming with RC4. You think it will be sooner? Might scourge up some BTC to buy at these levels if that is the case. Could be multipools mining and selling also.
Well I doubt 3000+ DRK in one go is a multipool. |
|
|
|
who dump ?why dump dark? To be honest I am not sure what is going on. Of all times, right after DRK gets MN's payment working and Evan finally gets to work on improved anonymity and perfecting enforcement (coming in RC4) people dump when they have been buying or holding. Seems odd. Is this people voting against MN's? Selling the news? Wanting to go play with some other shitcoin? Or just the normal silliness in the altcoin space which should be summarily dismissed? No plans to access my cold storage, but not sure of what to make of the current market. |
|
|
|
DrkPool.com Shutting Down
We have reason to believe someone unauthorized has gained access to the server. As soon as I found out I took all of the money off the server and database backups so I could pay our users their balances. The funds are being stored at a secure location and I have access to final totals for all users on the server. Sorry for any inconvenience but I figured this is the safest way to deal with an issue like this.
-Evan
http://www.drkpool.com How would people go about getting at the coins that they still have on the pool? Edit: Also can people still see their current balance on the site? Personally, I don't have any coins there but these things always must be handled carefully. The money is safe and I'll be sending out a mass email to all users with further instructions later. Good to know. Thanks. |
|
|
|
DrkPool.com Shutting Down
We have reason to believe someone unauthorized has gained access to the server. As soon as I found out I took all of the money off the server and database backups so I could pay our users their balances. The funds are being stored at a secure location and I have access to final totals for all users on the server. Sorry for any inconvenience but I figured this is the safest way to deal with an issue like this.
-Evan
http://www.drkpool.com How would people go about getting at the coins that they still have on the pool? Edit: Also can people still see their current balance on the site? Personally, I don't have any coins there but these things always must be handled carefully. here comes the mega dump The dump has been and gone - someone wet themselves on mintpal but it hasn't dropped for a while now. Cryptsy has actually gone up and is back over 0.017, hopefully mintpal will join it when people smell cheap DRK and realise the unauthorized access is nothing to do with DRK itself, no coins were lost, the coins are safe, and people can just move pools (they have 24 hrs to do so) and carry on as before. Agree 100%. But at the same time I think that with these announcements it is always best to include clear instructions on how people can get their coins. Just makes the whole process smoother, IMO. |
|
|
|
DrkPool.com Shutting Down
We have reason to believe someone unauthorized has gained access to the server. As soon as I found out I took all of the money off the server and database backups so I could pay our users their balances. The funds are being stored at a secure location and I have access to final totals for all users on the server. Sorry for any inconvenience but I figured this is the safest way to deal with an issue like this.
-Evan
http://www.drkpool.com How would people go about getting at the coins that they still have on the pool? Edit: Also can people still see their current balance on the site? Personally, I don't have any coins there but these things always must be handled carefully. |
|
|
|
Anybody notice payment discrepancies between their MNs?
Show us. 20% of my MNs got paid 3 times. The rest nothing. That is just normal variation + the fact that there are many pools that still need to update. |
|
|
|
The big bump in the road is yet to come when enforcement is switched on. Hold on tight.
Why? Enforcement can be switched on and off as many times as necessary each time fixing bugs until it is right. All the while, the payments are not stopped and exchanges/pools do not need to panic update their daemons. I see no reason to "hold on tight". I'm not keen on one person having so much control over the network. I do hope he will relinquish this control in a future update when everything is back on track. I figured this would come up, but this is non-issue. The masternode payment code is open source (as it is not directly related to Darksend). Thus anybody can look at the code to confirm what Evan has told us -- and that is that he only has a switch. A simple on or off. The "on" version is what was released on the 20th (plus the fix for the "race situation"). Most everybody downloaded that and was ready for the hard fork. The majority did not dissent. The "off" version is running now and people are currently actively updating. The only ones "defending" the miners are trolls. (Silly ones at that since the smart miners will ignore them and realize that the rise in price due to the mastenodes will far outweigh the 20% payments assuming that the price had stayed at this level until Darksend was fully released). Anyway, the only control Evan has is being able to switch between two binary states both of which the majority has agreed with. Furthermore, the code is on github. His "control" is non-existent and this a non-issue. BTW, I am not really ranting at you as much as I want to crush this line of reasoning before it spreads. |
|
|
|
Anybody have a current list of updated pools? So far I have, Official SuchPool And recently Coinmine + various p2pools (details in the thread). Any others? What if some pools doesn't update? is there any enforcement for them? sorry for this noob question. Not yet. Currently pools must update so masternodes get paid. This is already underway. Furthermore, the blocks that the network thinks should be rejected are currently being recorded in the logs. Once the logs check out (i.e. there are no bugs), enforcement will be switched on remotely by Evan. This is stage two of the launch. The good thing is that you DON'T need to update again to be ready for the enforcement and masternode payments will not need to be stopped for any reason. |
|
|
|
Anybody have a current list of updated pools? So far I have, Official SuchPool And recently Coinmine + various p2pools (details in the thread). Any others? |
|
|
|
Looking for updated Coinmine & Coinotron  Miningpoolhub as well. |
|
|
|
I think the most important things are: RC3 is finally behind us, this new delivery method is just brilliant and Evan will now focus on RC4! Darkcoin is moving forward!
Doesn't he still have to flick that final "switch" to really make it live ? Or did he already "flick it" ? No it is still off, afaik. Masternode payments are live regardless and won't be turned off, but yes it is probably too early to declare RC3 "finished". |
|
|
|
OP still needs updating. Latest Client Stable: 9.10.2 and RC3 with Darksend is 10.10.2 - See downloads! The title would be nice as well. |
|
|
|
Hey Evan, can we get a title and first post update? Pretty please. Also, do we know which of the major pools have updated? I am assuming a notification went out via the mailing list... |
|
|
|
Enforcement "on" means that the network will disregard blocks that are deemed fradualent thus not adding them to the blockchain. This is there to prevent people from tampering with the masternode payments to, for example, pay themselves rather than the elected node. The cause of the unwanted forking to this point was bugs in this enforcement protocol which caused miners to disagree on which blocks should be discarded. Most of the bugs were worked out at the time of the second payment attempt, but a race situation occurred on mainnet (hard to reproduce due to the lack of mining clients testnet) which once again confused the enforcement protocol.
This time enforcing "on" or "off" is a binary switch that is controled by the devs (i.e. it can be switched on and off without people needing to update clients or stop masternode payments). At launch the switch will be "off" which means that the network will accept all blocks (thus no danger of forking) and record the blocks it thinks should be rejected in the debug log. Once Evan is certain that the log only shows blocks that are actually supposed to be rejected and concludes that the enforcement system is bug free -- he will flip the switch to "on".
In short, payments to masternodes can countinue while the enforcing system is vetted on mainnet via the debug log -- and once things are working correctly the enforcement system will be brought online. On the off-chance there is a problem, the system can be once again turned off, debugged, and patched all without stopping payments (obviously a patch would require people to update clients).
Hope that explains it.
So... basically now masternode payments can be implemented via soft fork instead of hard fork? Any potential problems will affect only the masternode operators, and will not affect normal transactions, mining, the network in general? The enforcement switch will essentially create a hard fork for us, no need to update clients, and only once everything is working properly? If so - brilliant! Exactly. If Evan finds issues while the enforcement is still "off" then we all may need to update to a patched version, but as you said once everything works correctly enforcement will be switched to "on" and that will hardfork the blockchain without anybody needing to update -- also we can hardfork back seamlessly as well if on the off-chance that is necessary. All of this does not require an immediate client update to revert payments so there will be none of the panic (or the dumping) that occurred during the last two attempts. So yes -- brilliant!  |
|
|
|
|
Show Posts
