But if you use "special" nodes for special tasks with closed source software all hosted at amazon, ovh and digital ocean...its hardly decentralized, i am just waiting for the first reports of abused and confiscated mixing nodes and people losing their money...
You clearly have no idea what you are talking about. At no point are the masternodes given your private keys. It is impossible for them to steal coins. That's XC you're thinking of. |
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In 5 or more years you will have 1TB ssd on... mobile phones running nodes...
See you then. Meanwhile, Darkcoin will become the go to privacy-centric in several months. There are already solid ideas on how to make unmasking transactions through node collusion exceedingly difficult. Impractical even for an entity that controls half the nodes. So once that is done, what exactly does CN have to offer? How would it become exceedingly difficult? AFAIK right now it can be done by any masternode. Even if it's impossible, the Darksend privacy is still fundamentally flawed, see http://www.scribd.com/doc/227369807/Bitcoin-Coinjoin-Not-Anonymous-v01 and http://www.coinjoinsudoku.com/advisory/. Monero has impractical working anonymity now. Fixed that for you. Until I don't read about "wait for your transaction to be included guys, everything is fine!". Until it doesn't take an exorbitant amount of space to run a node. Darksend has had some big changes recently. There is never a point where a single masternode knows both the sender and recipient. By using multiple nodes, the practicality of node collusion can be eliminated. |
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Fair play. Nice bit of accumulation going on over the last few days.  How can our trolls even call this a pump and dump? An individual who has that many coins couldn't possibly hope to liquidate them, unless it's done over a very long time. |
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In 5 or more years you will have 1TB ssd on... mobile phones running nodes...
See you then. Meanwhile, Darkcoin will become the go to privacy-centric in several months. There are already solid ideas on how to make unmasking transactions through node collusion exceedingly difficult. Impractical even for an entity that controls half the nodes. So once that is done, what exactly does CN have to offer? yeah i was looking into Darkcoin many months ago when in a few weeks everything would be open source, when soon 10DRK limit wouldnt exist, when ring signatures would be implemented soon etc. See you also in a few months. Getting things done takes time. I know you're used to coins that just copy and paste, make some insignificant changes , and then claim legitimacy. Masternodes are paid directly from the block reward. Just a little bit more difficult than pool optimization, no? Also, last I checked, your lead dev isn't even full time! That sure inspires trust in the project. |
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In 5 or more years you will have 1TB ssd on... mobile phones running nodes...
See you then. Meanwhile, Darkcoin will become the go to privacy-centric in several months. There are already solid ideas on how to make unmasking transactions through node collusion exceedingly difficult. Impractical even for an entity that controls half the nodes. So once that is done, what exactly does CN have to offer? Adaptive block sizing means right now it's hard to get money around in XMR chain because it is saturated. However, over the next hour the blockchain will expand its blocksize and this will be less of an issue. Please wait for your tx to be included in the blockchain.
Just wait for your transaction to be included guys. LOL That'll go over well with the real world. |
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In regards to Anonymint, when he speaks I would pay attention. He is at genius / near genius levels when it comes to cryptography and math. If he says it cannot scale, it cannot scale. The blockchain CANNOT be pruned anywhere near enough for it to be a practical, anonymous currency.
Can you support your claim that a large blockchain makes it not practical or anonymous? You won't have enough full nodes. Bitcoin already has trouble getting people to run them! |
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In regards to Anonymint, when he speaks I would pay attention. He is at genius / near genius levels when it comes to cryptography and math. If he says it cannot scale, it cannot scale. The blockchain CANNOT be pruned anywhere near enough for it to be a practical, anonymous currency.
Can you support your claim that a large blockchain makes it not practical or anonymous? With a 50% or more reduction in size, CrytoNote's blockchain bloat will be only slightly more than Bitcoin's blockchain bloat. Certainly not right now. In 5 or more years, who can say. |
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In regards to Anonymint, when he speaks I would pay attention. He is at genius / near genius levels when it comes to cryptography and math. If he says it cannot scale, it cannot scale. The blockchain CANNOT be pruned anywhere near enough for it to be a practical, anonymous currency.
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Ok brilliantrocket, you've been proven wrong on every single post you've made...this is just a waste of time responding to you, read the posts above and you'll see how you've been wrong on literally everything..
I wonder what Evan's plans are for his 1million+ Instamined Darkcoins? hmm...
Case in point. Darkcoin was announced in advance of its release. There were many people mining. You could easily see that if you bothered to check. You are a troll and it isn't worth my time to respond to you any further. |
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If I spent time addressing half the idiocy that you have the audacity to call a point, I'd be here a while. I think I'll go with Anonymint over your lazy devs. What have they even accomplished other than some half baked pool fixes?
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Monero supporters are almost as bad as the religious cuckoos that deny evolution. What part of cannot scale don't you understand? Have fun trading your proof of concept amongst yourselves. Just hope the community doesn't grow too big, or you won't even be able to send coins!
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My hypothesis on the decline of darkcoin is the following. (Not that I care much, but I'll watch it attentively for the fun).
The hype is already partly over, and will keep declining, this is inherent to the life cycle of "hype" alts. Add to this the better cryptonote technology, recently instantiated in a fair-launch coin with monero, whose high-quality community keeps growing and will quickly attract part of the darkcoin one.
So the decline seems unavoidable, but noting unusual at this stage.
But, unlike other alts, darkcoin is relying on master nodes that require at least 1000 coins. Running a masternode earns the owner some interest. What I think will happen is that once the first masternode owners realize they will make better profit by selling their +1000 coins now rather than earning interest on a coin which is loosing value, well they will sell! This will be a catalyst to lowering even more the price, making more masternode owners realize that they'd better do the same as soon as possible, etc.
So the decline might be faster than "usual", due to this domino effect, waiting to trigger.
Not very good with finance, I see. Don't worry, few are. Thankfully the Darkcoin developer is one of them  |
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Are you being disingenuous or do you just suck at math? If you have twice the blockchain growth with just a tiny fraction of the transactions, what do you think will happen if you were at real volumes?
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"The anonymity of CryptoNote (i.e. ByteCoin, Monero, and clones) requires that all transaction amounts be broken into separate transactions for standardized fragments which causes massive blockchain bloat (for any reasonable level of anonymity) and the blockchain can never be pruned. There is already a problem with Bitcoin's blockchain being too large and it doesn't have this massive bloat. In short, CryptoNote (and Zerocoin) can't scale."
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Btc Mike, that's not it. I'll link it when I get home.
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Way to cite old posts that are not fully relevant, Darkota. In his newer one he clearly states that CN cannot scale. He also acknowledges that Darkcoin solved a fundamental problem of coinjoin by requiring collateral. The software is not 100% complete, so why would it be open sourced now? The plan is to finish, then open source.
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Anonymint explained how CN bloat CANNOT be solved.
...
Where did he say this? I haven't seen that argument before. Look through his posts, there's a recent one (about 1-2 weeks old) where he talks mainly about Zerocash, but mentions CryptoNote towards the end. There's also an older discussion in the Monero thread. |
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The CryptoNote protocol makes itself obsolete. I seriously doubt it's going anywhere beyond proof of concept. Anonymint explained how CN bloat CANNOT be solved.
You seem to love quoting AnonyMint so much. He also said that masternode/supernode idea of Darkcoin and XC is fundamentally flawed. Everything is flawed in one way or another. Some things more so than others. Darkcoins instamine, name, and lack of anonymity are the biggest flaws any crypto coin ever had. Your in denial. Yawn. You keep trotting out the same old, tired and refuted arguments. |
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The CryptoNote protocol makes itself obsolete. I seriously doubt it's going anywhere beyond proof of concept. Anonymint explained how CN bloat CANNOT be solved.
You seem to love quoting AnonyMint so much. He also said that masternode/supernode idea of Darkcoin and XC is fundamentally flawed. Everything is flawed in one way or another. Some things more so than others. |
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