I kinda put more trust into a private key rather than a wallet.dat file.
So with a single address we can just do dumpprivkey. What about a denominated one? It will probably have hundreds of addresses. Is there any command to dump all privkeys from a darksend/denominated wallet?
Not to my knowledge... you have to dump each address individually for the private key. Is it possible to code this kind of option into a wallet? Once your DRK have been Darksent to whatever number of rounds you're happy with, just put them all back in one address and dumpprivkey for that one address. Let's say the DRK all started in one address, would sending all the funds to a single address increase the likelihood of the Darksend funds being followed? How probable would it be that funds starting in one address and split into 25 addresses are all sent through 8 different addresses (for example) and then end up at the same address again? Following it manually (or even thinking about it) would be a very confusing affair but I imagine it may not be impossible for a computer program to pick up on this sort of pattern. Stick it all in a new address. There's no shortage, and they're completely free!  |
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I kinda put more trust into a private key rather than a wallet.dat file.
So with a single address we can just do dumpprivkey. What about a denominated one? It will probably have hundreds of addresses. Is there any command to dump all privkeys from a darksend/denominated wallet?
Not to my knowledge... you have to dump each address individually for the private key. Is it possible to code this kind of option into a wallet? Once your DRK have been Darksent to whatever number of rounds you're happy with, just put them all back in one address and dumpprivkey for that one address. |
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Is v11 a protocol update? Do I need to do "masternode start" in the new wallet?
Yes and yes. |
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My conspiracy theory is Bitstamp needed to buy back the coins they lost to balance their books and the best way to do that was crashing the price.
The price on January 4th was around 285 USD and they lost ~18K BTC or ~5.1M USD at the time. They decided to cover the lost in BTC for their customers, they didn't have any option but to absorb the loss and respect the BTC balances of their customer in the exchange accounts.
But did they really had all those coins? Or were their books unbalanced and operating on fractional reserve, so that if everybody withdrew at the same time they wouldn't be able to honor all of the coins. And even if they did, how to recover their losses?
Answer: crash the price. At the bottom of the crash on Bitstamp 152 USD, getting the 18K back was ~2.7M USD, that is almost half the amount of the original loss. Obviously I am just speculating, but they definitely benefited from the crash, that conveniently happened right after they "lost" all those coins.
This unregulated market definitely needs a decentralized trust-less exchange, so we don't have to guess.
As good a theory as any. For the 238th time, every idiot who keeps a balance on an exchange is contributing to the downfall of all cryptocurrencies, because the exchanges just short it all to oblivion or rig the markets at will so they can extract fiat from your increasingly worthless cryptobag. Currently all the exchanges are just acting as central banks. We know out there in the real world how that works out, and who profits. Hint: not you. |
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Without guarantee of income, what incentive is there for mining? Securing the blockchain is pointless if there is no reward for doing so?
Keep mining and you will earn reward commensurate with your hashrate. What more do you want? I know I will get rewards eventually, all I am saying is that as a small miner you cannot guarantee that, whereas in a pool even a small miner can get guaranteed returns. If you would rather mine a coin through centralised pools, where any semi-serious adversary can breeze along, compromise two or three pool servers (or pool operators) and destroy your currency overnight at trivial expense then you are free to do so. Personally I'll take having to wait a while between finding blocks.  |
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Without guarantee of income, what incentive is there for mining? Securing the blockchain is pointless if there is no reward for doing so?
Keep mining and you will earn reward commensurate with your hashrate. What more do you want? |
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I have a question about the decentralised mining model proposition for this coin- I get the fundamentals, I really do since I currently mine DRK over p2p, but how easy is it for one massive miner with a few GPUs, or even a botnet of CPU miners to take over the hashing power? Can the argument be made that non pooled mining might decrease the centralisation problem, but that solo mining makes the payoff for the miner an unknown quantity? Even if you are a small miner in a centralised pool system your payments for securing the network can be earned simply because you share the pool with a massive farm based mining operation; they find a block, you still win, you find a block and they still win. It may be centralised, which there are legitimate arguments against, but it also introduces certainty for the miner.
Yet, with spread, securing the blockchain becomes a task in which there is no certain payout. There is no sharing of rewards to secure the blockchain, i.e, eventually the majority of spreadcoin will be made up of big miners as the little ones will just move onto another crypto that pays out. So instead of decentralising the mining across the board, we have single entities who make it a zero sum game for smaller miners who might want to get in on spread. I say this as someone who has tried to mine the coin for a day and have not been paid out. Now I know variance exists and some days I might get very fortunate and get a couple of blocks, but the point is there is no incentive for the network to be made up of small miners and centralises distribution in the hands of the few big ones. I know the more hashrate you have the bigger piece you should get, but in a regular pool environment even the smallest miner will get a piece of that pie-in this environment it's win or lose. Please don't see this as bashing the coin, I find the concept with this coin extremely enticing, but just imagine me as a potential miner and try to convince me to join up, explain how the end-game mining model would look for this coin later on.
After mining spread for 24 hours with my 7950 I found no blocks. Mining DRK (I have no animosity to Spread as I am mainly a DRK miner) there were a few blocks found in that same time period over p2p.
Long term you will make just as much solo mining, probably more as there are no fees involved. If you are only interested in short term dumping to BTC/fiat then this is not the currency for you. Mining's primary goal is to secure the blockchain, not guarantee miner income. Some people have more hashpower and will thus earn more, same as any other cryptocurrency, regardless of whether they mine via a pool or solo - I'm not seeing how that situation is any better or worse with Spread than anything else. Spread just eliminates the risk of centralised bad actors. |
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just read first 3 pages of discussion. holy Putin... no one believed in this coin, just like BTC.
Find time to read the entire thread. You'll come to love Mr. Spread and this coin. What if SpreadCoin became the next BTC?? Holy CRAP that would be pretty sweet and I would retire if that happened lol Bitcoin is toast. It was a great proof of concept for blockchain technology but it's been superseded technologically, and centralised mining and the great ASIC arms race have made it basically worthless. It's definitely not toast. It MAY get uglier as more big mining groups are forced to liquidate, but it will find an equilibrium. Especially since it is the means of exchange for altcoins. If I think Darkcoin is a deal at $1.00, for any sort of liquidity and fair pricing, I have to buy BTC to get Dark at $1.00. Until exchanges move to a different means of exchange or the USD markets become much more liquid, Bitcoin will maintain viability and find equilibrium. At some point all of this may change, but not yet. As I mentioned previously, I suspect that Ripple will be the next billion dollar coin. I'm not a fan but have invested in it simply for monetary gain. I like SPR a hell of a lot more than Ripple though. That's actually what I mean - Bitcoin is currently a neccesary evil, 10 minute blocktimes (if you're lucky) are painful for traders, hence nearly everyone leaves their money on exchanges and risks loss due to incompetence or thievery. I'm really hoping that InstantX will change that, if it's adopted by traders. I'd love to see fully atomic exchanges - deposit/trade/pushed withdrawal, all in under a minute. Fast and low risk. I think the current BTC/DRK ratio is absurd. DRK worth less than 1% of BTC? That has to change, rationality eventually catches up with even the most irrational markets. |
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just read first 3 pages of discussion. holy Putin... no one believed in this coin, just like BTC.
Find time to read the entire thread. You'll come to love Mr. Spread and this coin. What if SpreadCoin became the next BTC?? Holy CRAP that would be pretty sweet and I would retire if that happened lol Bitcoin is toast. It was a great proof of concept for blockchain technology but it's been superseded technologically, and centralised mining and the great ASIC arms race have made it basically worthless. So far (Mr) Spread is doing everything right, but ease of use and accessibility need to be the focus as well as technical innovation. I don't see any one cryptocurrency dominating the landscape as Bitcoin dies off, but the current price crash will hopefully kill off a lot of the dross and Spread has a great chance of being one of the serious contenders for the future. |
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Good to see Spread rising against BTC as nearly everything else falls with it. I wish we had a SPR/fiat exchange, and everyone got into the habit of pricing in fiat terms and people stopped selling cheap just because the BTC dinosaur is stumbling.
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My botswarm may need a logic upgrade, the gains I have made accumulating have been erased overnight by the BTC plummet. I'm going to have to add a second line of code to the low precision decision engine.  |
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War on Maths!I actually don't think Cameron is evil. He's just really fucking stupid.
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I think it might be 19 000 stollen btc from stamp being sold. Anyone?
Don't think anyone with those skills would be so dumb as to do that right away, in such a drastic manner. Red flags all the way. Maybe, but TPTB aren't going to lift a finger, they are happy to see BTC etc. plagued by scams and hacks. |
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Another question Mr Spread:
Does the idea I posted a while back about having a 24 hour (or longer) ramp up in miner rewards / share acceptance seem feasible or useful to you?
I am not expecting instant implementation, I am just wondering if you had an opinion, as it seemed like a good idea to me to dissuade opportunistic big mining farms / increase the cost of a hashpower attack.
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DRK/BTC or DRK/USD - both are both of limited utility, the only ultimately useful metrics for currency value are its SWH (Sex Worker Hours) and LB (Lead Bullion) ratios.
Fundamentals!
Sadly, both DRK/SWH and DRK/LB are currently not too good.
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Hey guys, here is a super low quality render of a thing I was working on today. Tomorrow I'll make a high quality version and a .gif. This actually took 5 hours to make, 2 hours to model the logos and figure out the best colour settings and 3 hours to render it and find some avi to gif software. I couldn't find any that would keep the quality the same so tomorrow I will render an HD version so that when it converts to a .gif the quality isn't as bad. Please donate if you liked it and can spare a few sprs. http://youtu.be/3vjWJV6zULUAt first I was going to make Spreadcoin shatter to show that it is more decentralised and spread around better than darkcoin but then it would look like DarkCoin is defeating Spreadcoin. So I decided to do the opposite. I probably could have modeled the Darkcoin and Spreadcoin logos faster and better if I used Autodesk Inventor but I totally forgot I had it. Maybe next time. Spread and Darkcoin should be working together to break out of the tiny little cryptognat scene and get some real world adoption, not fighting.  |
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Please try not to quote ebolajact, he is a vicious paranoid schizophrenic with the IQ of limp salad and his 'stealing from the miners' bullshit has been a plague upon Darkcoin since he set foot in the DRK thread. Just put him on ignore now, you'll thank me later. Nobody cares if three dudes are getting another 25% out of their 'farm' of 6 290 cards with an optimised miner. And while X11 FPGA's are certainly possible they are unlikely to be any more efficient (or even as efficient) as a GPU.  He speaks rationally and politely. And you now do not. I'm a straightforward guy, I call a FUD spewing sack of shit a FUD spewing sack of shit. He's been spouting the same crap about secret X11 superminers/FPGAs/ASICs for six months, this kind of FUD is how he operates. You've been warned, I'll say no more. Anyway, private miners are never private for long, people are too greedy and sloppy. |
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So why not we all move to cex.io ?
Is it cex.io that's in cahoots with Gaw and the whole Paycoin scam? |
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Please try not to quote ebolajact, he is a vicious paranoid schizophrenic with the IQ of limp salad and his 'stealing from the miners' bullshit has been a plague upon Darkcoin since he set foot in the DRK thread. Just put him on ignore now, you'll thank me later. Nobody cares if three dudes are getting another 25% out of their 'farm' of 6 290 cards with an optimised miner. And while X11 FPGA's are certainly possible they are unlikely to be any more efficient (or even as efficient) as a GPU. |
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"by converting them into Bitcoin through the site's built in wallet" - haha, doomed. A maketplace should leave the trading up to buyers and sellers directly, and just offer a venue for trade, not try to cream from both parties via its central wallet. Which will doubtless be 'hacked' as soon as there's enough BTC in it. |
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