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601  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 05:00:41 PM
Tante, just ignore him, he can't put forth any good argument and is trolling this thread.

I put him on ignore and the last page shrunk to 1/4 the length.


LOL, I just did, but wow, even other trolls make sense!  LOL
602  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:59:26 PM

It's not happening because it would be the absolute wrong thing to do.  You would hurt everybody and help nobody, even those who think they'd be getting something for nothing, because you'd kill the coin.

what do you suggest? i am open to alternatives.

Seriously?  Get a clue.

Ok noted.... let's let some smarter people digest the idea first... then the community at large (the alt community not the darkcoin community) get's to decide. I'll return in a bit see how you guys are all doing in here. Nice community friendly types i like it. Will be sticking around.


Seriously?  That's like the rudest I've ever been to someone?  LOL

Oh i'll get more out of you yet you're just getting warmed up... wait for the petition to kick off.. i'll be drumming up support in here too as well as the main section and numerous communities.... plenty from vert will be signing up i feel..

can i count on your support for the 200k redistribution? it seems you are sort of considering it?

LOL, you are funny!  Cute!  Good bye Smiley
603  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:55:28 PM
hehe no not at all.

they released it with no windows qt so only a few people could mine, then sadly the diff got jammed on super low for the first day so those few  mined up 12.5% of the current minting, then they voted to make that 12.5% into 50% to screw everyone else harder.

thats the simple version

yes, there was a mining problem the first day or so
https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/

However, the reduction in coin won't even take effect until January next year.  It was done because the community wanted to have a more definite limit to how many coins would be minted.

RE the "instamine"  I hold that it isn't an issue because those coins were pretty much all sold off, and the price of dark has remained low since the beginning, which has been the best thing, because everyone has and still can buy darkcoin at a very cheap price, even if they never heard  of Darkcoin until today.  Also, this way, people don't have to be miners to collect coins, so our community is made up of a lot of people who don't mine, which makes for a better distribution of coins in my opinion.  
604  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:49:50 PM

The point of them is to make it very expensive to acquire them. Imagine the following:

A:
- User asks "Should I create a masternode?"
- it costs $XXX, they would earn $X.XX/day. That's X days till they earn 100% of their investment.
- User buys 1000 DRK, creates masternode
- Price goes higher, 1000DRK gets pulled out of the supply
- Go to A

This is a feedback loop that I'm creating. We should add masternodes until the price goes really high and it's too expensive to buy the darkcoin to start a masternode.  

Let's say after the feedback loop completes the price of Darkcoin is $5 and we have 1200 nodes. At that point we have six million dollar in masternodes, to gain 50% of the network to do an attack would probably cost much more than six million dollars, so it's not possible anymore.

The other problem is all nodes need to keep a list of all of the masternodes. We want a bunch, but we don't want more than 10k probably. If the requirement is too low we'll end up with a bunch of network traffic from all of the discovery chatter.

But the main point, the real reason to make master node expensive is so that an entity, such as a government, or such would find it difficult to gain control of enough of the network to compromise the system, right?  If it were too cheap, it would be too easy for someone with enough resources to get control of the network.

In your last statement, "The other problem is all nodes need to keep a list of all of the masternodes. We want a bunch, but we don't want more than 10k probably. If the requirement is too low we'll end up with a bunch of network traffic from all of the discovery chatter. " does that mean that a person running a master node must register so the nodes can find them?


To start a masternode all you do is send 1000DRK to an address on that daemon and then add "masternode=" to the config. While running the client will know it's a masternode and ping the network saying that it's still available every few minutes. If we have 100 nodes, that 100 messages every few minutes.

oh ok, I get it Smiley
605  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:46:04 PM

It's not happening because it would be the absolute wrong thing to do.  You would hurt everybody and help nobody, even those who think they'd be getting something for nothing, because you'd kill the coin.

what do you suggest? i am open to alternatives.

Seriously?  Get a clue.

Ok noted.... let's let some smarter people digest the idea first... then the community at large (the alt community not the darkcoin community) get's to decide. I'll return in a bit see how you guys are all doing in here. Nice community friendly types i like it. Will be sticking around.


Seriously?  That's like the rudest I've ever been to someone?  LOL
606  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:44:12 PM

hi there,

i stumbled over drk about half an hour ago,
and thinking about giving it a try.

found this thread, but 600+ pages is to much.

can someone give me a short update?

i came as far as:
-op is/was thinking about a name-change
-some kind of premine(?) happend during the first 24 h

is that all, or did i miss something important?

OMG, what a day to discover us!  I'm ready to pull out the last of the few strands of hair that I have, lol.

I'd read this to get up to date on the early mining issues:
https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/

And regarding the name, some people feel that using the word "dark" gives bad connotations.  Others feel it just reflects that you can keep others "in the dark" regarding your private account information, that it reflects privacy.  We've gone over this a thousand times and there are a few points brought up.

1.  Changing the name now kills all the past brand recognition, and we'd have to get people to know us by a new name.  It would be confusing and we could loose potential market, setting us way back (3 months of people finding out about us, and knowing us by "Darkcoin")

2. If we don't change the name, we'll always be thought of as a coin for nefarious purposes.

3. We've also spent community coin to pay for designing a new logo, etc.. plus people have bought websites and created content based on the Darkcoin name.

Frankly, my brain hurts right now, LOL, I'm sure there were other issues, but those are what I remember at the moment....
607  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:15:27 PM

I won't be forcing anyone i will be asking the community to decide if they think you are doing the correct thing by cancelling their 2M coins airdrop.... i m asking the scammers to do the correct thing before i ask the community what they think. Don't be too negative .

Anyway i am out for a few hours i will return to see what you think about it.

The scammers need to compensate the scammed simple.  

You can't scam and get away with it. I am only saying that i will put it to a community vote. However if you guys decide to do it before i ask them then sure that will be better for you.

Cya in a few hours time.

It's not happening because it would be the absolute wrong thing to do.  You would hurt everybody and help nobody, even those who think they'd be getting something for nothing, because you'd kill the coin.

what do you suggest? i am open to alternatives.

Seriously?  Get a clue.
608  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 04:10:51 PM

I won't be forcing anyone i will be asking the community to decide if they think you are doing the correct thing by cancelling their 2M coins airdrop.... i m asking the scammers to do the correct thing before i ask the community what they think. Don't be too negative .

Anyway i am out for a few hours i will return to see what you think about it.

The scammers need to compensate the scammed simple.  

You can't scam and get away with it. I am only saying that i will put it to a community vote. However if you guys decide to do it before i ask them then sure that will be better for you.

Cya in a few hours time.

It's not happening because it would be the absolute wrong thing to do.  You would hurt everybody and help nobody, even those who think they'd be getting something for nothing, because you'd kill the coin.

I have to agree with everyone above, please go away and never come back! (Smeagol voiced)
609  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 03:51:22 PM

The point of them is to make it very expensive to acquire them. Imagine the following:

A:
- User asks "Should I create a masternode?"
- it costs $XXX, they would earn $X.XX/day. That's X days till they earn 100% of their investment.
- User buys 1000 DRK, creates masternode
- Price goes higher, 1000DRK gets pulled out of the supply
- Go to A

This is a feedback loop that I'm creating. We should add masternodes until the price goes really high and it's too expensive to buy the darkcoin to start a masternode.  

Let's say after the feedback loop completes the price of Darkcoin is $5 and we have 1200 nodes. At that point we have six million dollar in masternodes, to gain 50% of the network to do an attack would probably cost much more than six million dollars, so it's not possible anymore.

The other problem is all nodes need to keep a list of all of the masternodes. We want a bunch, but we don't want more than 10k probably. If the requirement is too low we'll end up with a bunch of network traffic from all of the discovery chatter.

But the main point, the real reason to make master node expensive is so that an entity, such as a government, or such would find it difficult to gain control of enough of the network to compromise the system, right?  If it were too cheap, it would be too easy for someone with enough resources to get control of the network.

In your last statement, "The other problem is all nodes need to keep a list of all of the masternodes. We want a bunch, but we don't want more than 10k probably. If the requirement is too low we'll end up with a bunch of network traffic from all of the discovery chatter. " does that mean that a person running a master node must register so the nodes can find them?
610  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 03:39:15 PM
Quote
reduction from 80million to 20million

this was a horrible move.

not only it did not increase the price

it actually made the unfair-distribution-of-coins situation worse.

now the early miners are at even more advantage.

the coin numbers should be increased to 160 million to dilute the excess-early-mine issue.

great tech guys but when it comes to economy they are pretty much retarded.

I seriously am so flabbergasted that people can't grasp the concept that the "instamining" issue is a NON-ISSUE.  Most of those coins have been sold off, which redistributed the coins, often to those who don't own huge mining rigs (like myself)  you actually can't ask for better distribution than what we have gotten BECAUSE OF  the "instamine"  This is truth.  The few large wallets are probably the biggest believers in this coin, possibly Evan, possibly someone else.  If it were Evan that has the largest wallet, then he will be selling them off as time goes by, I'd bet, because he's devoted himself to this coin for the next 2 years and will have to pay for his living expenses.  If it isn't him, if it's just a supporter who believes in this coin, he's not likely to dump, it would be counter productive.

Even at this very moment, if you just discovered Darkcoin, you still get a super price for it and can "get in" on the ground floor.  There is no reason for anyone to feel left out.  I paid a lot more for my darkcoin than it's been going for lately, and I don't have disposable income at all.  I squeezed out whatever from wherever I could to buy some coins, so it can be done.  If not, then you don't want it bad enough or you don't think it's a good risk, good that's fine, but don't cry to us that it's unfair.  It's never been fairer.  3 months of low prices, 3 months to buy, and counting.
611  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 03:11:04 PM
Well the idea behind Airdrop is pretty good ( bare with me ) in the sense that a lot of coins will be distributed more evenly.

This is not what people want though due to reasons but we want it more evenly distributed.

If you have the power to use these first 48h block DRK spend this on hiring the professional marketing team instead.

two birds in one stone. Remove uneven + add publicity = great

I don't think people understand.  These coins mined in the beginning belong to the people who mined them.  We can't up and take them away!  They undoubtedly have been sold off already.  People with so many dark wouldn't have dreamed the coin would amount to much, they're miners and dumpers, they took their profit and ran with it.

And as far as Evan goes, he was buying the coins up 20,000 at a time!  Then he used them up quickly because the early bounties were BIG!
612  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 03:06:54 PM
lol eduffield you have 2000000 DRK and dont even send 100 DRK to your contributors as bounties

wtf

Where did you come up with this ridiculous statement?  LOL, funny!
613  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 08:54:44 AM
I go to sleep, and i wake up to uther chaos?

1. Airdrop: even though i have some coins, and a possible airdrop would give me more, i have to say no thank you, it will deevaluate the coin, suddenly everyone get free coin for no work? come on, out of my original amount im down to 2 % of what i originally had, the coins mined in the early days have already been redistributed.

2. Name Change? REALLY.. AGAIN? with all these name changes we will end up being the joke of the day, whats the name of that coin this week, ohh it changed again...

It was voted on, people choose darkcoin, deal with it.

How to not give confidence into a coin, look at the past 6 pages, now theres a turnoff from whoever wants to get into the coin, its not the first 24 hours, nor the name, the name tells the function of it, if you want to do something, marketing, is where you go,

Darkcoin, we cast darkness on the blockchain, no more will anyone see what you have...

get a grip on yourself...

CHAOSiTEC

I'm so GLAD you woke up!!!  I also goofed up today.  We need someone to knock our heads together and you're just the guy to do it!  Good Morning!!
614  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin airdrop to fix first 24 hours? on: April 07, 2014, 08:12:23 AM
The best solution for instant mine is to increase the reward as the hash rate increases. At the moment, the reward is inversely proportional to difficulty. You can make it proportional to difficulty so that more coins can be issued to more miners. After we are satisfied with the solution of instant mine, then we can fix the reward or reduce the reward.

There is no solution, there is no fix.  Human nature has redistributed those coins, and any mucking around will screw everything up.

I'm tired.  If ya'all don't see it, I can't help you.

I'm sure if I just found out about this coin and liked it, I'd want to have more given to me.  I know I would.  But seriously, the coin is inexpensive enough to buy a lot of if you have an income, way cheaper than mining it, pretty much cheaper than mining it for a long time now.  Buy yourself some coins, that's what I did.  I bought them at a way higher price than they're going for right now.  Some I bought at .0016 and bitcoin was over 700.  Not until today was I worried about my choice.
615  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin airdrop to fix first 24 hours? on: April 07, 2014, 08:07:21 AM
DRK is good, but the dark spots in the coin biography scare a lot of people. Airdrop would help coin to survive.

In what way? It would break all trust.  You can't earn trust back as quickly as you lose it.  No, an airdrop would kill the coin.
616  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin airdrop to fix first 24 hours? on: April 07, 2014, 08:05:27 AM
Much better idea is to destroy the coins which you want to airdrop. It would rise trust and value of DRK significantly. The coin is interesting, but I am keeping my funds away from it because of this "first 24 hrs problem".

That's ridiculous.  The "instamined" coins have done more good for distribution of Darkcoin to more people than a "fair launch" ever could have.  Not everyone can mine, but they can buy, and when the coin remains affordable for such a long time, it allows new people who hear about it to join with us and invest.

Those coins have long been dumped.  They're in the hands of those of us who bought them because we like the coin and because we could.  What you're saying makes no sense and is not at all a real issue whatsoever.

dear lady, seems like u dont like evans plan, do u? i heard hes going to do it though Smiley

I'm certain he won't he isn't stupid.  He is impulsive though, very impulsive.  It's what gives him such talent.  But causes this kind of uproar!  LOL.

no he won't do it.  When he wakes up in the morning, he'll go "oh shit what was I thinking?"  He hasn't been here all day, just popped in a moment, thought, oh maybe I can fix this insta-mine problem, lets vote!  LOL, it's what makes him so cute.
617  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin airdrop to fix first 24 hours? on: April 07, 2014, 08:00:13 AM
Much better idea is to destroy the coins which you want to airdrop. It would rise trust and value of DRK significantly. The coin is interesting, but I am keeping my funds away from it because of this "first 24 hrs problem".

That's ridiculous.  The "instamined" coins have done more good for distribution of Darkcoin to more people than a "fair launch" ever could have.  Not everyone can mine, but they can buy, and when the coin remains affordable for such a long time, it allows new people who hear about it to join with us and invest.

Those coins have long been dumped.  They're in the hands of those of us who bought them because we like the coin and because we could.  What you're saying makes no sense and is not at all a real issue whatsoever.  There probably is a little more dumping to be done, but I haven't worried about it so far, and I won't worry about it, because I am certain that in the long run, if silly ideas like an "airdrop" stop happening, Darkcoin will be a major player and worth a lot more than it is going for today.
618  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant on: April 07, 2014, 07:50:57 AM
I agree that an airdrop has too many negative connotations to produce a net positive for investor confidence.

I disagree that the skewed day 1 rewards are a non-issue, simply because it's evident that a number of people think it is an issue. Whether anyone *should* be bothered by the skew is irrelevant; investment decisions are made based on what people think, not based on what they should think. If there's a stigma surrounding the day 1 mining, and there's potential to mitigate that stigma, then that potential should be explored. Obviously you have to consider whether you're doing more harm than good in trying to address a perceived problem. If action is taken to artificially increase the coins in circulation beyond the existing reward structure, it needs to be really thought through and done properly. And it may be that it's too risky to be worth trying. In my mind, increasing mining rewards gently would be a low risk approach, and may have other benefits (greater mining adoption), but I haven't fully thought it through.

When Evan reduced the rewards, he did it where it had no effect for a whole year.  Things were kept at the same rate they were already with a % reward decline next year, still that was a big change.  But it increased the perceived value of the coin, so it was OK.

To suddenly flood, or eventually flood coins into the Darkcoin economy, when we had a "covenant" as to what this coin's distribution was going to be, would be breaking a major trust that we can never recover from.  This is a huge no-no.  It can not be allowed to happen.  What's done is done, but increasing the supply after people have "bought" literally into this coin is going to cause such a loss of trust, I don't think Darkcoin will survive.
619  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin airdrop to fix first 24 hours? on: April 07, 2014, 07:18:34 AM
Small sell off has already happened. Delete the thread altogether. Its very existence is bad for DRK.

I agree, but I think Evan went to bed!   Lips sealed  Undecided  Angry
620  Alternate cryptocurrencies / Altcoin Discussion / Re: Darkcoin airdrop to fix first 24 hours? on: April 07, 2014, 07:12:30 AM
Alexis de Tocqueville, a French Politician and historian at one point said, and I'm paraphrasing, that a democracy can never work, people will always vote themselves money to the ruin of the state.

In this case here, the people will vote for an airdrop to get themselves more coin regardless of the fact that it will kill the coin.

It's why the United States of America is a Republic and not a democracy.  Evan, you need to be presidential and stand by what is right, don't wallow in what went askew, and realize nature actually fixes this stuff in the end.  (the coins were redistributed at the exchanges).

It was a much better outcome than Bitcoin's Satoshi Nakamoto's 400,000 bitcoins still in his wallet. Nobody knowing if or when they might hit the trading floor, which could deliver a knock out blow to bitcoin!
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