WTB DRK. Pm me  |
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Anyone that wants to get out... come to crypsy. I'll be waiting there The "Evan Buy Wall" about to be deployed? I posted and deleted about five of those before you caught one  |
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Who in the community provides masternode setup services still? I'm looking to make a list
Also, is there a good guide somewhere?
we need someone to do a youtube guide. I'll pay 50DRK from the bounty fund for a cold/hot remote setup video from scratch Someone could just follow this: https://darkcointalk.org/threads/remote-masternode-guide-updated.410Edit: If more than one video claims the DRK, I'll pick the best quality one. |
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Who in the community provides masternode setup services still? I'm looking to make a list
Also, is there a good guide somewhere?
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few hundred pages ago I read about 120 DRK are mined each Month
lol this is not true. My masternodes are generating 20 DRK a day in total. I think a few thousand DRK are mined each month. 86400/month (5DRK * 576 blocks a day * 30 days a month) |
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To look at the on book order flow presently isn't entirely a great reflection of what will be in the future.
I agree with you. I understand how this works. My point is this: If you are just barely breathing, and then try to hold your breath for 3 minutes... There comes a point of no return. Maybe if you had been breathing normally up to that point, you could have pulled it off. But you're already starved for oxygen, and now you try to hold your breath for 3 minutes... The market is already barely alive. Cutting off supply isn't going to have the usual effect of driving up value, and we've witnessed this to be true. People are just staying out. Look at Doge. Why can it hold value in useless pump of extreme inflationary coin? The extreme inflationary nature means it has liquidity... People can buy it and then use it without fucking themselves out of position. We should stop seeing what we want to see and look at what is actually happening. The evidence is right there... We're just not seeing it because we think we know how this shit works. Clearly, we don't know what we think we know or doge would be 0.00000001 - it's not. So, the rules we think we know clearly aren't applying. We're decreasing liquidity at a time when there is already a death rattle as a result of not enough liquidity... Maybe I'm overstating it. I'm not trying to claim that what I'm saying is the path we're on. It sure a shit looks like it... But it looks like PPC should have a market cap of 0. It doesn't... So, what things look like, according the the rules we think we know; it isn't working that way. Crypto changed the fundamental way we thought about money, but I think we have arrived at the wrong conclusions because what we thought we knew is not happening, at all, not even close. Well 10 out of 10 for persistence Camo in trying to get your point across! I absolutely agree with you. It's a lovely notion that we might end up with 3000 MNs and far less coins in circulation as a result with DRK's price increasing substantially (and MN payments being higher; amongst other factors) but if liquidity isn't there, your examples of a potential user of DRK avoiding it because of the costs of getting hold of enough DRK to perform their transaction outweighing the benefits are a real issue. I know that BTC has gone through many phases in its progression from pure speculative play to being used to transact with, and it still has a long pathway to go before it's truly acting as a "currency", but it's essential we focus on DRK being usable for people to transact anonymously with and they can't do that for any reasonably large sums as it currently stands. If someone wanted to move US$100K anonymously using DRK, their buy (and subsequent sell which everyone would cry "dumper...!" at) would shift the price substantially. So it's currently just not usable for its intended function and we need to get it to be. I'd be interested to hear your thoughts Evan Duffield on this important facet of DRK's economic make-up. Again, in time liquidity will increase. The volume isn't there and the adoption isn't there for anyone going to try to move $100k right now (DRK isn't even at that stage yet). Until we start seeing >1000 BTC volume days, we are at the mercy of an anemic altcoin market. I think it's poor for anyone to make long-term views on liquidity assumptions with how thin order books are presently, as if they will always remain that way. Certainly, if that's the case, no altcoin is going to survive. In theory, the BTC ETF should bring fresh capital into the crypto markets and we'd see spillage into the altcoins, DRK being one that should see benefit to this. At 3000 MN's and just using today's supply of around 4.8M coins, that leaves 1.8 million coins for trading, but it's naive to think of that as low available liquidity. There is actually 180,000,000,000,000 units available from all the duffs out there. Are you telling me this amount isn't sufficient for daily volume?? I think it's poor for anyone to make long-term views on liquidity assumptions with how thin order books are presently, as if they will always remain that way.
Not suggesting the current level of liquidity will always remain; just wanting to stimulate conversation on this, as per Camo's commentary. I believe DRK will eventually have great liquidity and be very useful, but maybe there are ideas (like illodin's) that could accelerate DRK's ability to be used for more than just the current speculative focus. At 3000 MN's and just using today's supply of around 4.8M coins, that leaves 1.8 million coins for trading, but it's naive to think of that as low available liquidity
No, I'm not thinking that. I know that the divisibility down to 8 decimal places creates a lot of room for movement in value. The essence of what I'm interested in is the pathway DRK needs to travel to see dramatically improved liquidity, to the point where large amounts of fiat can be converted without it causing massive spikes in the price. I think we'll have more liquidity, I'll try to breakdown the argument: 1.) Let's say we have 3000 masternodes and a 400M marketcap. Masternodes enjoy 50% of the total coins mined. Lets say there's 6 million coins, so that's $66.60 per coin on the exchanges. 2.) The total masternode network will make 1440 coins a day (576*5*.50 = 1440) 3.) How much of those coins do they sell? 30%? If that's true, each day there will be 0.3*1440*66.6 worth of coins for sale. So we can do $28771 worth of business a day with no premium. TLDR; A higher market cap means more people can buy things without any premium to use DRK. Also, if there's 50k of business happening a day the price will just go up, allowing more business to be done. |
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For anyone who's interested, a sneak peak at the next release of Darkcoin:
TLDR:
- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.
It's a true proof-of-service setup now. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block. After a payment, they must wait N blocks to receive another one (give or take 10%). There's no room for gaming the system because it's using math based off of the proof-of-work to prove the node won, plus you'd have to wait 15 confirmations each time you moved money around and that takes from your profit too.
Will enforcement be turned on for future increase in block reward? or will this be goodwill based? this is not really clear to me cuz of the 'non-mandatory' Great work otherwise Greetz With the new system reward increases and payee are enforced. Is there a reason to aim for 3k Masternodes? Any future plan that requires as many, or just decentralized objective? security ! 3000 mn >> faster instantX transaction time (my guess) * Way more expensive to attack Darksend * Capacity of InstantX and Darksend will be much higher * Blockchain syncing, propagating and all other normal network functions will get quicker and have higher capacity * DDOS the network is much harder (3000 vs 900 nodes to attack)  *from v2 of the Darkcoin whitepaper |
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For anyone who's interested, a sneak peak at the next release of Darkcoin:
TLDR:
- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.
It's a true proof-of-service setup now. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block. After a payment, they must wait N blocks to receive another one (give or take 10%). There's no room for gaming the system because it's using math based off of the proof-of-work to prove the node won, plus you'd have to wait 15 confirmations each time you moved money around and that takes from your profit too.
Will enforcement be turned on for future increase in block reward? or will this be goodwill based? this is not really clear to me cuz of the 'non-mandatory' Great work otherwise Greetz With the new system reward increases and payee are enforced. |
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But they might just as well get a payment at block 3000. If you're moving your MN's after each payment you will be at the mercy of the variance.
If I am reading things correctly, then while gaming the system, it shouldn't ever take your MN longer to be paid than the good actors *plus 15 blocks, but would have the chance of it taking significantly shorter(*at 1000MN, you could receive payment 985 blocks sooner.) My understanding is that the first payment will take as many blocks as is needed until it hits the 1 in N chance. This could take 1 or 10000 blocks. After the first payment, it will take N blocks to get the next one. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block Correct. However, I'm going to change it to the first payment requiring confirmations > masternodes*90%. So if there's 1000 masternodes a new node will have to wait 900 confirmations to be entered into the lottery. Then after that it'll be 1 of N. All future payments beyond that will be on a schedule with -10/+10% variance. Confirmations to start a masternode will be 15. You just can't get paid until much later. It should provide a good mix of security and stability of payments. |
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For anyone who's interested, a sneak peak at the next release of Darkcoin:
TLDR:
- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.
How does the payouts work for new nodes coming online? They won't need to catch up to existing payouts, right? Also interested in how this is done! Even if there isn't a minimum 'age' for MNs to start receiving payments, I think the system will be pretty hard to game - you can't launch a thousand MNs without a million DRK, after all. It's a true proof-of-service setup now. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block. After a payment, they must wait N blocks to receive another one (give or take 10%). There's no room for gaming the system because it's using math based off of the proof-of-work to prove the node won, plus you'd have to wait 15 confirmations each time you moved money around and that takes from your profit too. What do you mean there is no room for gaming the system? Scenario: 3000 masternodes exist, I have 1. After 500 blocks, I get my payment. At this point I wouldn't be eligible for another payment for 2500 blocks. However, I could send the coins to a new address and restart the masternode, and once its confirmed I'm eligible again immediately, this time it takes say 2000 blocks, but after I do the same, new node. And finally a third time I get my payment after 1000 blocks. Summary: 3500 blocks have been found. I have gotten 3 payments. Ideally, I should have only gotten 1 payment in this time - 3 would require 9000 blocks. What am I missing? Statistically they won't fare any better, actually a bit worse:
from random import randint
s = []
while True:
for i in range(1, 10000): #10000 blocks
if randint(1, 1001) == 1000: #1 in 1000 chance each block
print i+15 #requires 15 confirmations
s.append(i+15) #keep track
break
if len(s) > 1000: break #if we have 1000 simulated results, lets add them up
total = 0
count = 0
for a in s:
total += a
count += 1.0
print total / count
On average, it's about 1015 (1 in N, N=1000, plus 15 required confirmations) which is a tad worse then they'd make just by collecting the earnings 1020.45654346
1009.71328671
1005.93606394
1034.06093906
1084.23576424
1023.8951049
1018.07992008
1024.26173826
Plus check out the blocks between payments, this would drive someone crazy: 2452
3777
1187
351
177
580
1195
952
2270
1083
781
1378
987
1535
2805
425
1092
1890
210
946
953
409
865
56
EDIT: There might be a bias to the newer node based on the fact that the algorithm is skipping nodes that don't qualify. Whenever it hits the newer node it would automatically qualify. In that case I could just introduce a greater minimum amount of confirmations before a payment to cancel out the bias. |
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edit: not sure about "Onyx" - this release sounds more like "Hammerfall" to me.
I'm not married to the name. We could just call it v15 |
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For anyone who's interested, a sneak peak at the next release of Darkcoin:
TLDR:
- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.
How does the payouts work for new nodes coming online? They won't need to catch up to existing payouts, right? Also interested in how this is done! Even if there isn't a minimum 'age' for MNs to start receiving payments, I think the system will be pretty hard to game - you can't launch a thousand MNs without a million DRK, after all. It's a true proof-of-service setup now. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block. After a payment, they must wait N blocks to receive another one (give or take 10%). There's no room for gaming the system because it's using math based off of the proof-of-work to prove the node won, plus you'd have to wait 15 confirmations each time you moved money around and that takes from your profit too. |
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For anyone who's interested, a sneak peak at the next release of Darkcoin:
TLDR:
- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.
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Nurse! Nurse!
I'll bet you 1000 Darkcoin that you can't find an exploit that pays you like the one yesterday. On the following conditions: 1.) You must make money from exploiting the system to an address that you control. 2.) You must make more than 1000 Darkcoin from said exploit. 3.) We both put up 1000 DRK into escrow. 4.) You have two week to prove you made 1000 DRK from exploiting the system. Otherwise I win. Well, there's the first bounty... I don't think ebolajax and his 'associate' in the loopy ward will be claiming it though. Hoping to make a quick $2K |
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Hi,
I get this error when I'm trying to send payments:
Unable to locate enough Darksend denominated funds for this transaction"
I'm only using the linux daemon and not trying to use Darksend....
What's up? This only started with the last update.
Sounds like you are trying to send anon'd funds that aren't there from going through the DS+ process. Darksend disabled? Funds sent non-anon'd/no preference? I've not specified anything to use DarkSend and I don't think it's enabled... unless it is by default?? I'm only using the RPC/CLI and the sendmany command. Sendmany is fixed in the next release Is there an ETA for this? Darkcoin Multipool payouts are on hold until this is fixed.... bump, to keep this from getting buried! Multipool payments still on hold. I just pushed the fix up to master, just recompile and try again: https://github.com/darkcoin/darkcoin/commit/6c2c1e417666be8a1148560e8090e72af8c145d1 |
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blah blah blah, I have no life and have no idea what I'm talking about
I'll bet you 1000 Darkcoin that you can't find an exploit that pays you like the one yesterday. On the following conditions: 1.) You must make money from exploiting the system to an address that you control. 2.) You must make more than 1000 Darkcoin from said exploit. 3.) We both put up 1000 DRK into escrow. 4.) You have two week to prove you made 1000 DRK from exploiting the system. Otherwise I win. |
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Hi,
I get this error when I'm trying to send payments:
Unable to locate enough Darksend denominated funds for this transaction"
I'm only using the linux daemon and not trying to use Darksend....
What's up? This only started with the last update.
Sounds like you are trying to send anon'd funds that aren't there from going through the DS+ process. Darksend disabled? Funds sent non-anon'd/no preference? I've not specified anything to use DarkSend and I don't think it's enabled... unless it is by default?? I'm only using the RPC/CLI and the sendmany command. Sendmany is fixed in the next release |
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From Exploit Attack Detection till to the fix in less than 3 hours. That is really good. I bet you just made the Attacker upset. He/she/it sure has hoped to gather more coins. Well, I'm still getting more coins. All network should be updated, it isn't enough to just commit a fix. Money is not my motivation anyway. Probably will donate this to some open source project. Feel free to help out if you're so inclined, and next time just email me when you find something evan@darkcoin.io |
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This release includes: - Spork: True masternode payment enforcement and increasing masternode rewards - Masternode Hardening, I've fixed over 10 vulnerabilities in Darksend that could have possibly caused DOS attacks - Changed the way Masternode pinging works, using a timestamp calculated from the average block timestamp instead of the local time. This should fix some cases where nodes went offline after awhile. - Added a simple list that will provide who gets paid on what blocks. - Turned back on collateral transactions - Added collateral to the queuing process (dsa and dsq protocol commands) - Improved collateral strategy: Collateral is now paid in the form of mining fees. This creates a situation where to double spend the inputs, you would need to pay the miners higher fees then 0.1DRK (the collateral fee). This makes it impossible to double spend attack our collateral system. - New command "masternode winners", shows the next 20 payees - New Darksend branding What we need to test: - If anyone gets hit with a collateral charge, please send your debug.log and wallet.dat to evan@darkcoin.io- "masternode winners" must always be in sync across the whole network. We'll need to figure out a way to test this - Make sure the reward adjustment is working - Make sure darksend is working properly - Update pools and make sure the spork goes smoothly What should we name this release? Supernova A name for a version/release?? May be something simple : Darkcoin V1 ..!? I thought the idea was to have fun with the names like Android releases... the media loves that... Darkcoin Supernova... or Darkcoin Iris or something Well, let's get a bunch of options and someone make a poll. Then I'll just take whatever wins |
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