Well I got a masternode setup after getting home tonight. I got my first payment less than an hour after it was up and running. I used one of the guides on darkcointalk and the process was extremely simple. I was thinking about either setting up another MN or two but I might lock in some profit. DRK is more than double what I bought back in for so I'll likely pull my initial investment out at a minimum. It's amazing how things can change in just one day.
I thought the day these words come out of your mouth hell would freeze over - it hasnt has it?  Welcome to the MN club |
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Toknormal is raising valid concerns. This whole idea needs some serious discussion. - Separate Module needed or built into the wallet for a tor network
- Maximum amounts of hops in network
- latency between MN's on the same server providing timing attacks
- Economic impact of tying a currency with a service
- legal repercussions for operating a node
- Maximum amount of nodes and cost
- Bandwidth impact on MN operators
Also, in the proposed design, I believe only one node would be selected for payment. This wouldn't work. Tor requires an entrance, relay's, and exit nodes. All of them have the same amount of data aka bandwidth going through them. If only one MN was paid in this proposed design, four other MN's would take a huge bandwidth hit and receive nothing. Paying per day would be dumb. It would be more economical, to charge a set fee of say 15 dark a month for the usage of the network. The funds would have to be secured somehow trustless, and then depending on which nodes serviced the user, those nodes would receive the highest percentage of the 15. But then again, the above paragraph wouldn't work because that would require every MN to have knowledge of the person paying for the service. It wouldn't be trustless. Also data would be retained leading back to the entrance node and finally to the unencrypted IP address of the user. What is being proposed is a massive undertaking. Once again, a lot of different subjects need to be discussed about this. Excellent points - and we need to start discussing to work through all options to make it the best it can! should copy that over to Darkcointalk where the real discussions happen  |
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The most important thing Toknormal is saying, in my view, is that DarkTor will be used by every other clone coins as well, and in that case we are going from a mind set of value for being the first, which protects your investment to a service provider which requires customers to pay. Customers will pay for the cheapest service possible and if they work equally, then there will be no reason to use Darkcoin's version.
However, we will still have a little advantage:
A development team who know what they're doing and will fix any issues
You don't have to buy sh*t coins to pay for it, so you can use your good darks instead
we'll get the customers first.
Even so, I think it will be a fantastic service and the backbone to other services that I believe Darkcoin's brand name and trust will make a big difference.
Which is another thing. If coins pop up, selling cheap masternodes, and lots of them, say they say you can set a masternode up for 100 bucks worth of their coin, well, would you trust those operators? Couldn't they be buying so many as to make it easy for them to follow their user's movements?
We've been set up before all this started. A government, a huge corporation, etc... can't afford (most likely) to buy a majority of the masternodes anymore. It's too late, but they could start another coin, make it seem legit, and nobody'd know. Who would you trust?
Spot on Tante - we have first movers advantage, we have the masternode network up and running TODAY. We have the dev.... I wouldnt support any copycat clone coin offering masternodes at $50 each. |
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Its fucking genius
It's not fucking genius. It's potential f*cking suicide if not thought through in great detail. Money and utility are two mutually exclusive services. You can't just stumble into a policy like this without addressing that fundamental dichotomy and work out exactly how your going to resolve it. If demand for masternodes goes through the roof because of ROI then the coin may go out of circulation, or at least will derive all its value from a single revenue stream as opposed to a diverse micro economy. Then, along comes competition - not for the cryptocurrency but for the Dark TOR service and bang goes your revenue stream and along with it your entire cryptocurency. On the other hand, the service aspect of the coin could act as a bootstrap mechanism in giving real value to the currency and propelling it into wider adoption and circulation....IF the fundamental dichotomy above (between monetary value and utility value) is recognised and highly controlled. For my own part, I'm very clear. I'm investing in a currency, not an internet service provider of which there are thousands. Nor am I investing in a f*cking business. The more utility value a currency has, the less monetary value it can have. Nothing can get round that fundamental fact and people need to have it in big neon lights in front of their noses before getting dollar signs in their eyes. DarkTor is a service - you can chose to use it or you can chose not to. Darkcoin is STILL is a currency and still will be after DarkTor is running. You act like it can only be one or the other rather than they compliment each other. It will still be a currency because you can use it for transactions. The entire system is a closed loop and thats what you are missing. As Tante said in previous post if the value goes up so much the price for DarkTor shifts back a few decimal places. If the demand goes through the roof then so does the price and so be it, its a free market it will sort itself out. SO yes it is fucking genius as no other coin has the capability or infrastructure ALREADY setup to support this model. We have over 600 masternodes and I see this growing very rapidly now. |
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I honestly don't think that the number of people using this service (if it happens) will be as great as people are thinking. I'm sure there will be some but if there are ever more than 1000 concurrent users i'd be very suprised.
Its all about the marketing - Tor is a massive pain to use, need a totally new browser, is slow, times-out.....once it catches on about DarkTor, people will leave Tor in droves for a premium service. Especially when you can pay with Darkcoin and your entry and exit is still totally anonymous. Its fucking genius |
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13,000 nodes, running 2m users, paying $1/day (who wouldn't pay that for anonymity).
so actually everyone using tor is not paying anything I think but may be (not today) community should discuss some more about ethics, economy and legal influences of mixing a currency with private internet gateways. But I guess the tech is already there and everything shouts for the network to be used as next generation tor... Tor is slow and crumbling - we are talking about a premium service here  |
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Thats a centralised service....This is DarkTor you moron - a decentralised anonymous internet service. Evan said its 50 cents, which millions would pay for. Cant believe you are still trolling here ***Ignore for good*** |
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We are talking about Tor on steroids here. But in addition to encryption and anonymisation of connection you can add decent transfer speed and payments.
Dozens of thousands users would go for it straight away and as you say, the sky is the limit.
Any one of us can now go and raise money to invest in Master Nodes. Once the network is up and running, with evidence of ROI, you will be able to put together a business plan and seek debt funding. DRK will be backed by fiat....fiat paying to use the DRKTor service. People will exchange fiat to buy DRK so they can use Web 3.0 Each Master Node operator will become their own small business. Their own investment vehicle. Fuck me. What has Evan gone and created. When he said to flare "its bigger than all of us now" he wasnt fucking joking lololol |
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Just stunned at the brilliance of the new DarkTor masternode service - amazing.
Dont we already have a VPS provider in iceland that accepts Darkcoin.
I will gladly use them, darksend them some coins and become an exit node....with the number of TOR users out there, I think someone calculated that at 50 cents per user per day, and 1000 masternodes thats like $180,000 return a year per masternode!!
I think we need to have some further discussions around how it will all work but super excited after RC5 + obfuscation at this project!
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+1
Camosoul, Ozziecoin please read this over and over until you pass out Stealth, Asserting a claim that a problem exists with existing code all the while standing erect in shit storm (Camo)...is not the same as asserting a claim that a major change in the developmental direction of the coin is what must be done. One runs parallel with the purpose and intent of the developer's plan of action and the other, while not being exactly perpendicular, does not serve the same purpose. Have no idea what you are rambling about, not going into Camo's decision to take things out on the community any further. Many of the core people are disappointed enough with him - but I am going to leave you with a quote I like from flare from darkcointalk As i feel somehow being "Co": I still own every single DRK i have originally bought (unfortunately i was not a early bird) or i got from donations. My four masternodes still running Had small chat with Evan during his nightly insomnia, and we both agree: Darkcoin is much greater than all of us - so stay tuned  |
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+1
Camosoul, Ozziecoin please read this over and over until you pass out |
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I don't get what's so controversial about Ozziecoin's posts.
He seems to just be making observations about movements of large holders - so what. His observations seem reasonable. What is FUD about that ?
You obviously missed the Darkwallet/Opensource episode for the past 20-30 pages of him losing his mind. |
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I believe we can have an advantage of DarkWallet: 1. we can offer them a proxy to anonymous transfers via DS+ 2. BTC > DRK > MNs > DRK > BTC 3. even so DarkWallet can arrange service like "send your BTC to DRK addres " 4. volume trading would increase in these cases as well it will balance price with BTC much faster then any other coin. correct me if it is not a good idea Sorry, but mostly I don't understand because I don't completely understand what DarkWallet is going to be able to do. But yes, if anyone wants their coins anonymized with the best service, that's what they'll have to do. Oh, and ignition, it's coming up on 8 months now, LOL - 8 months yesterday! Look at that, 8 months old, and we have working Anon going through independent code review by an industry thought leader in anonymity... Go on... one person...tell me that this isn't the sexiest project in crypto right now... I dare you... I double dare you! This + the best and brightest community by far! Seriously the long timers here I have massive respect for - such intelligent and logical beings *hat tip* |
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If other coins had copied Drk and it didn't work, people would just flock to Drk. So, I can't agree with you.
Wrong - it would cause even less confidence as the exposure would be amplified by all the people who invested time to copy. People would leave copy coins and drk at the same time and the trustlevel with dark would be even lower. Anyways thats the last I will post on this topic - Tante - lets put one of your items you listed as possible upcoming features as discussion? |
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Seriously mate, I cant understand your thoughts around Open Source, this was flogged to death before. Copy cat coins aside, Evan NEEDS to ensure that Darksend+ is 100% secure and all exploits are patched before its opened source. We only just got to RC4 ffs and you are screaming like a kid. What if Evan open sourced the code and there was an exploit that killed the coin? If he had kept it closed source it would have been found in the audits and patched before opensource.
Secondly if you love to support DarkWallet and believe its somehow the future then by all means leave this community and dont come back. This thread is clogged up with enough bullshit & trolls and we dont need pages and pages of your "opinions" just because you somehow think they are the only way. I would bet & trust that Evan has alot more knowledge and experience behind him to make the right decisions.
Seriously, the market has turned against you. Wake up. If RC4 had picked up the market, I would not be saying anything. I'm not doing this for fun. I had a lot of MNs. There is no fresh money coming into Drk since even before RC4. This was NOT just dark going down, how can you not look at the market from a holistic view? Litecoin, BTC going down to $300, are you blind? There was no positive liquidity in ANY MARKET As for myself the market/price is only a small fraction of why im here - I am here because I am amazed at the cutting edge technology and whats been achieved and delivered, more so than any other coin since bitcoin has come about. It sounds to me like you have the mindset of a stereotypical impatient ADD "trader" kid where they see the sheep start to sell so they follow and start to whine and whinge about something that they think is the cause. Could it be that the whale group had invested more into DRK than they did XMR and hence why we got hit harder.....  no...it must be the faucet or open source issue.... I hope you really do invest what ever you have earned into DarkWallet and wish you all the best. |
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I support centralised Dead DarkWallet
Seriously mate, I cant understand your thoughts around Open Source, this was flogged to death before. Copy cat coins aside, Evan NEEDS to ensure that Darksend+ is 100% secure and all exploits are patched before its opened source. We only just got to RC4 ffs and you are screaming like a kid. What if Evan open sourced the code and there was an exploit that killed the coin? If he had kept it closed source it would have been found in the audits and patched before opensource. Secondly if you love to support DarkWallet and believe its somehow the future then by all means leave this community and dont come back. This thread is clogged up with enough bullshit & trolls and we dont need pages and pages of your "opinions" just because you somehow think they are the only way. I would bet & trust that Evan has alot more knowledge and experience behind him to make the right decisions. |
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As I said before, fundamentals are rock solid and I will continue to buy - we are going to change crypto history! |
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 lol just read posts above...for the people who cannot interpret, the storm is over lol Edit: I hope lol |
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