Just so people understand where I am coming from. The first coin I ever mined when I found cryptocurrency was Darkcoin. I made this post the day I registered on February 12 2014. I didn't know anything back then. I struggled to even get mining on a pool but I figured it all out. Since then I have made enough that I no longer bother with my IT business and am now just mining and trading altcoins. The reason that I wanted to post this was to show that I am not some recent fudster coming into this thread talking shit. I was here before the majority of posters and was actively supporting this coin. I even took part in the first darksend testnets. I didn't necessarily lose interest in the coin. I just started to see through much of the hype. Darkcoin might be better than a majority of altcoins out there but that doesn't mean too much when you still can't use it for anything. But that can be said of all altcoins. I actually feel sorry for people that have gone all in on Darkcoin and have missed out on so many lucrative opportunities that have presented themselves in the cryptocurrency world. People were laughing at the cryptonote coins having no GUI and all command line. Well I read the cryptonote white paper and knew instanly that they were going places. I mined tens of thousands of Monero when the difficulty was low, nobody was mining and then sold most of it at the top when it peaked at .01. It has had several rises and falls since then and I've profited every time. I just scooped up a bunch the last few days when it dropped to .0035 and it's already back up to .0045. Had I gone "all in" with Darkcoin I would have missed out on a significant amount of btc. I guess the point I'm trying to make is not to let blind loyalty prevent you from doing what is actually in your best interests. If you put all your eggs in one basket you'll eventually get burned. I think that is why several posters in this thread do nothing but spew hatred towards anyone that doesn't share their view. https://bitcointalk.org/index.php?topic=421615.msg5098427#msg5098427Block 16097
1 share
What are the odds?
Should have been more clear. Block link on pool site shows 1 share. I had it and got all the coins. Lucky I guess.
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Currently the only coin that can actually be used for purchases of any significance in the real world is bitcoin and it will likely remain that way for some time. Even if they get all the bugs worked out for the masternode network, where are you going to spend DRK? Legitimate retailers are already moving towards bitcoin as is venture capital and wall street. It's all fine and dandy to root for your team, in this case coin. But people need to realize that there is not a venue to use this coin at. The anonymity will prevent a majority of vendors from all sectors from using it. And cryptonote coins have more apeal for the btc rich old timers that rarely venture outside of their bitcoin world. I see Darkcoin as a neat experiment without any practical application once it's finished other than providing masternode operators some income at the expense of the lowly miner.
I think you're almost perfectly wrong here. BTC has seen truly pitiful retailer/b2b adoption because it's an open book. DRK lets businesses transact almost freely (who likes paying credit card processors, or, gods forbid, paypal?) and maintain their privacy at the same time. I think places to spend DRK will be appearing at a far faster rate than with BTC. What you don't seem to realize is that retailers are not looking for anonymity. Darkcoin still has transaction fee's. I think you underestimate the bitcoin infrastructure and money behind it that is already in place. It's only going to grow as more and more businesses adopt bitcoin as a payment method. Anyone that thinks Darkcoin will ever surpass bitcoin is just plain wrong. I think what's happened here is all you guys get together and pump each other up. You all seem really concerned about anonymity and that's just fine. But the majority of people could care less. Bitcoin is becoming a household name. |
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No the coin was instamined due...
I think that ShojayXT obtained the source code at launch, and mined about 70%-80% of the 500 coin blocks himself, into his own wallet addresses (different address each time to try to cover his tracks). He then went onto the exchanges, as well as registering a few shill accounts on Bitcointalk to try to cause people to buy his pump/dump scam that he tried to get over the other fair miners, and the coin devs. I think that ShojayXT owes the community here all of the bitcoins that he has earned during this deceitful and utterly diabolical instamine that he did, and needs to apologies to every other miner who has suffered at his hands. The above statement is about as true as his own statementFUD. Ha ha ha You had me there for a moment. Good one. Except for the fact that what I wrote was true and what you wrote was pure fiction. You should have dumped your coins yesterday while there were still a few buyers. |
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When people use the term decentralized to describe the masternode network they are incorrect.
While 'centralised' is pretty well defined, 'decentralised' is always going to be a matter of degree - there will never be perfect decentralisation of anything until entropy finally has it's way with the universe. The masternode system of hundreds of nodes is clearly decentralised in comparison to one centralised server. It's not perfect, nothing ever is, but its one beautiful fiery hell of an improvement. Fair enough. |
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Could the mod please delete Jacques de Molay's post ? Seriously? I don't know you guys are nemesis or what but it's really unacceptable.
Censorship and closed source? LOL |
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Respectable master(node) owner urgently looking for hard-working servant (village idiot) please apply within. No wips have ever been used on the slaves only prober rude treatment to let em know who is master  This system is so badly flawed its not funny. Having one single note running is like solo mining and others with 50 or more notes sit in a massive pool and take the cream of the top Back in the instamine days the reward for miners was 100% payout of the 500, now the miners get 80% of the left over scrap 5 Look, we need masternodes to process/mix transactions. We need them to be expensive so that controlling the network is financially unfeasible. We need people to put up masternodes, but they won't stick their money in an unmovable place without a reward. We can't just increase the reward, because that would put the coin out of wack. Ultimately, the true VALUE of the coin is in the services it can provide, which are the same as Bitcoin, but with complete privacy in a secure, decentralized fashion. If mining profitability is too low, people will move on to another coin. If there are too many masternodes, so the rewards are too few, people will close them and use/sell their coin. eventually, we should find our balance. If you don't see value in the masternodes and don't want to "share" your mining rewards, that's fine, you can mine another coin and sell it for dark, or keep it. But those are the reasons for why things are being done the way they are. There are many choices out there for other coins. Anyway, we have to move beyond what is "fair" as some see it, to what will work, proper incentives, etc.... Yes, some people have a lot of money, they are rich, some don't, they are poor. I'm in the 2nd group since I left my job due to illness. But it's those that are wealthy and willing to put their wealth behind this coin so it can work that I thank, because ultimately, the coin will become more valuable and I will benefit. I don't have money to buy better mining equipment (I bought an antminer when I first jumped in here 6 months ago, and it will never ever make enough bitcoin to pay for itself, LOL) There is too much mining pressure for bitcoin and for Darkcoin to make them profitable yet people still mine. I really don't know what to say to your comment. I've invested in a 3 year contract with amazon and pay about $9 a month in fees ea for my masternodes. Kind of similar to paying for electricity. I also mine on and off with my computers because they're on anyway. I don't think we'll be short of miners any time soon. So if you think about your comment, it really ends up sounding whiny and immature. This network of masternodes is not decentralized. You have people running numerous masternodes and then you have the majority of masternodes hosted in the same place. What percent of the users actually have or will have masternodes? 1%? .01%? .001%? Whenever you have a fraction controlling a majority it is not decentralized. Sorry but according to your logic then BTC is not decentralized too. Why do you still invest in BTC anyway ? I don't invest in btc. I mine and trade altcoins for profit which is paid in btc. I then exchange btc for fiat. btc is just an intermediary between altcoins and fiat. I do have a substantial amount of btc that I'm holding because I have a feeling that the next btc rally is going to be a big one. I have a 60 20 20 plan. 60% btc, 20% cryptonote, 20% other altcoins including DRK. I've done extremely well with that diversification. And bitcoin doesn't claim to be decentralized like Darkcoin does. Or at least many Darkcoin supporters claim. I don't really care one way or another. Centralized or decentralized doesn't really matter to me as long as I can make a profit and use that to purchase things in life that I find enjoyable then I'm happy. Currently the only coin that can actually be used for purchases of any significance in the real world is bitcoin and it will likely remain that way for some time. Even if they get all the bugs worked out for the masternode network, where are you going to spend DRK? Legitimate retailers are already moving towards bitcoin as is venture capital and wall street. It's all fine and dandy to root for your team, in this case coin. But people need to realize that there is not a venue to use this coin at. The anonymity will prevent a majority of vendors from all sectors from using it. And cryptonote coins have more apeal for the btc rich old timers that rarely venture outside of their bitcoin world. I see Darkcoin as a neat experiment without any practical application once it's finished other than providing masternode operators some income at the expense of the lowly miner. |
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This network of masternodes is not decentralized. You have people running numerous masternodes and then you have the majority of masternodes hosted in the same place. What percent of the users actually have or will have masternodes? 1%? .01%? .001%? Whenever you have a fraction controlling a majority it is not decentralized.
What's the difference between that and mining pools? Some pools are larger than others. In this case, with multiple mixings, the threat of anyone getting all the information of a mix requires far more than 51% of the network. But with i2p, or whatever that's called, even that won't matter. So you're afraid that so many people are using Amazon's services compromises the integrity of the network? I honestly can't see the problem. If the US Government moved to shut down all amazon services running masternodes tomorrow, it would take me exactly 10 minutes to put my masternode back up on my home computer with noip handling my dynamic ip address, or just use my dynamic ip address and change it when my service provider changes it, why not? That's a false dichotomy or non sequitur or at the minimum false logic. There is no difference. Pool mining is centralized. Decentralized would be everyone solo mining. When people use the term decentralized to describe the masternode network they are incorrect. |
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Is difficulty and reward controls working right? Imho not in line the OP's specification...
No the coin was instamined due to the same difficulty re-targeting bug that Darkcoin had. 500 coin blocks until block 4032 with the difficulty stuck at .25. That's over 2 million coins right there. Then the difficulty went up to 1.0 and the block reward halved to 277 coins and is now a mere 25 coins a block at 232 difficulty. These clowns will try and tell you that all is well but the fact remains that a few people instamined those 2 million coins. Those people were the dev and buddies, pool operators, and exchanges that were allowed to mine before anyone else and therefore had their rigs ready to go when the coin was officially launched. Here is the block explorer showing when the 500 blocks went to 277 at block 4032. This is less than a day after launch. The ANN says 2.5 minute block times which was a lie. http://explorer.bitblock.ml/chain/BitBlock?hi=4040&count=20 2014-06-25 20:09:21 Also, most of the shills in this thread are just made up accounts used by the dev to hype this shitcoin. |
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Respectable master(node) owner urgently looking for hard-working servant (village idiot) please apply within. No wips have ever been used on the slaves only prober rude treatment to let em know who is master This system is so badly flawed its not funny. Having one single note running is like solo mining and others with 50 or more notes sit in a massive pool and take the cream of the top Back in the instamine days the reward for miners was 100% payout of the 500, now the miners get 80% of the left over scrap 5 Look, we need masternodes to process/mix transactions. We need them to be expensive so that controlling the network is financially unfeasible. We need people to put up masternodes, but they won't stick their money in an unmovable place without a reward. We can't just increase the reward, because that would put the coin out of wack. Ultimately, the true VALUE of the coin is in the services it can provide, which are the same as Bitcoin, but with complete privacy in a secure, decentralized fashion. If mining profitability is too low, people will move on to another coin. If there are too many masternodes, so the rewards are too few, people will close them and use/sell their coin. eventually, we should find our balance. If you don't see value in the masternodes and don't want to "share" your mining rewards, that's fine, you can mine another coin and sell it for dark, or keep it. But those are the reasons for why things are being done the way they are. There are many choices out there for other coins. Anyway, we have to move beyond what is "fair" as some see it, to what will work, proper incentives, etc.... Yes, some people have a lot of money, they are rich, some don't, they are poor. I'm in the 2nd group since I left my job due to illness. But it's those that are wealthy and willing to put their wealth behind this coin so it can work that I thank, because ultimately, the coin will become more valuable and I will benefit. I don't have money to buy better mining equipment (I bought an antminer when I first jumped in here 6 months ago, and it will never ever make enough bitcoin to pay for itself, LOL) There is too much mining pressure for bitcoin and for Darkcoin to make them profitable yet people still mine. I really don't know what to say to your comment. I've invested in a 3 year contract with amazon and pay about $9 a month in fees ea for my masternodes. Kind of similar to paying for electricity. I also mine on and off with my computers because they're on anyway. I don't think we'll be short of miners any time soon. So if you think about your comment, it really ends up sounding whiny and immature. This network of masternodes is not decentralized. You have people running numerous masternodes and then you have the majority of masternodes hosted in the same place. What percent of the users actually have or will have masternodes? 1%? .01%? .001%? Whenever you have a fraction controlling a majority it is not decentralized. |
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...load of venomous bile Jeez. What a moronic post. I don't know what gave you the need to vommit up all that clueless nonsense but I just hope you feel better after it. I hope he feels worse. But people with no conscience rarely do. Normal people. Such gross. Much fail. Wow. Hey if you dont like it, stay out of every other thread You guys are doing the same shit in other threads You cant have your cake and eat it too. But its whatever the real and smart people know exactly whats going on. I am sorry you guys are just too stupid and blind and being manipulated hard. Keep hiding and fudding - its all DARK COIN has going for it. I feel bad for you, its pretty clear you cant think for yourselves and got scammed into buying into dark and now you love it because you cant get out. I wouldn't bother engaging camosoul. Most of the posters in this thread are intelligent, calm, collected, and able to debate in a civilized manner. camosoul is just a loser that made a few btc. He's what you call a fifty cent millionaire. This is his life. He has nothing else and never will. I will never respond to that ignorant neanderthal again. But I will not put him on ignore because I like browsing this thread to read his posts and laugh. He's good for a laugh and that's about it. |
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I obviously can't read or I'd know this troll attempt doesn't make sense.
Why do you assume that they must be different people? Masternode holders ARE ALSO the most active darkcoin miners. Even if mining alone is not profitable.... why should a masternode holder not also be a miner himself? Suddenly makes the whole endeavour seem VERY profitable, doesn't it? C'mon man, don't quote the trolls... You are pretty funny. Changing peoples posts when you quote them. You think you're pretty clever don't you? I would engage in your pathetic childish behavior but since you are basically a nobody I'll let you continue on with your ignorance and sickening attacks on others. It must really suck to be you. But hey, you're a big Darkcoin holder. Whoop dee doo. Based on your post history, you're invested in coins that are basically DOA. I highly doubt that you're doing better than Camosoul. Certainly not in the cognition department. I'm invested in coins that are DOA? Is the DRK I'm holding DOA? Is the Monero I mined in the beginning and have sold off to the tune of 70+ btc while still holding a quite substantial chunk DOA? Same thing with BBR. I have been doing very well with regards to what coins I mine and other coins I invest in. People have been making money hand over fist on other coins. I sold most of my Darkcoin at the peak and have since continued to make money off of it by buying it for lower than what I sell it for. I'm not in a competition with a worthless piece of garbage like camosoul. And I don't think he needs you coming out to defend him. He's quite capable of that himself. What I wonder is why you felt the need to inject yourself into someone else's pointless internet squabble.:-O I was referring to the CN coins. I wouldn't say that cryptonote coins are DOA. You have to remember that they are based off of an entirely different protocol and are not just another bitcoin clone. Nothing was in place. No pools, no GUI, no decent miners. That infrastructure is being developed as we speak. Will Monero survive? Maybe maybe not. Have they stumbled? Yes they have. But how many times has Darkcoin stumbled? People are already starting to give up on Darkcoin. The proof is in the price and the volume on the exchanges. People are only going to put up with getting strung along for so long. Of course you're going to have the die hard cheerleaders that will say that the fork failing was a good thing because blah blah blah. And how many times are the weak hands going to be flushed out? Every time the price goes down for Darkcoin it's just the weak hands selling and that they are not needed. Well, it's not weak hands it's smart investors moving their money where they can make a profit. This trains coming to the end of the line. There are too many alternatives with alternative anonymity solutions just as good if not better than Darkcoin and a centralized masternode network. Smart money is betting on cryptonote but it may be something else. BBR has made some progress in eliminating blockchain bloat and continues to develop new features that are being adopted by other cryptonote coins. Smart money diversifies their investments. Putting all your eggs in one basket leads to possible losses and frustration as evidenced by the obvious panic by people like camosoul. His wealth is directly tied to Darkcoin so it's expected that he would do anything and say anything to protect that investment. I appreciate your politeness and apologize if I came across as rude in my reply to your post. |
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I obviously can't read or I'd know this troll attempt doesn't make sense.
Why do you assume that they must be different people? Masternode holders ARE ALSO the most active darkcoin miners. Even if mining alone is not profitable.... why should a masternode holder not also be a miner himself? Suddenly makes the whole endeavour seem VERY profitable, doesn't it? C'mon man, don't quote the trolls... You are pretty funny. Changing peoples posts when you quote them. You think you're pretty clever don't you? I would engage in your pathetic childish behavior but since you are basically a nobody I'll let you continue on with your ignorance and sickening attacks on others. It must really suck to be you. But hey, you're a big Darkcoin holder. Whoop dee doo. Based on your post history, you're invested in coins that are basically DOA. I highly doubt that you're doing better than Camosoul. Certainly not in the cognition department. I'm invested in coins that are DOA? Is the DRK I'm holding DOA? Is the Monero I mined in the beginning and have sold off to the tune of 70+ btc while still holding a quite substantial chunk DOA? Same thing with BBR. I have been doing very well with regards to what coins I mine and other coins I invest in. While people like you were too busy brainwashed by the cult of Darkcoin. People have been making money hand over fist on other coins. I sold most of my Darkcoin at the peak and have since continued to make money off of it by buying it for lower than what I sell it for. I'm not in a competition with a worthless piece of garbage like camosoul. And I don't think he needs you coming out to defend him. He's quite capable of that himself. What I wonder is why you felt the need to inject yourself into someone else's pointless internet squabble. |
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Oh so you admit it was instamined yet you attack me for pointing it out. Too funny.
Instamine by the devs only is BAD, but this coin wasn't. This coin was instamined by 100, 1k, 10k or more ppl. So it's FAIR launched and what you called "instamine" but by public. 10k people  sounds large (or they didn't know it they were... actually I am not sure that helps what you say) I was mining this coin shortly after launch. There were not thousands of people mining. By the time the hashrate went up due to more people mining the instamine was already mostly finished. I think it's safe to say that those early quick 500 coin blocks were mined by just a few. There were people selling up to 100k coins just a couple hours after launch. I was so disgusted that I gave the coins I mined away for free. I hate to say I told you so but I TOLD YOU SO. |
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I obviously can't read or I'd know this troll attempt doesn't make sense.
Why do you assume that they must be different people? Masternode holders ARE ALSO the most active darkcoin miners. Even if mining alone is not profitable.... why should a masternode holder not also be a miner himself? Suddenly makes the whole endeavour seem VERY profitable, doesn't it? C'mon man, don't quote the trolls... I myself was already called a troll in this thread... soooooo.... what does the word even mean anymore??? I'm on so many ignore lists, by design... ;-) I want the foolish to ignore me, thus they will keep on getting what they deserve. Maybe I'm just a meanie-head poopy-face like that... I want people who are stupid and make life hard on themselves to live a ling, long, miserable existence... Please do keep ignoring me! ;-) I don't ignore you. I find your posts to be some of the best comedy around. Then there is the fact that when things are not going my way I can always be thankful that I am fortunate not to be you. I'm done so go ahead and get another one of your stupid digs in and let me laugh some more. |
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I obviously can't read or I'd know this troll attempt doesn't make sense.
Why do you assume that they must be different people? Masternode holders ARE ALSO the most active darkcoin miners. Even if mining alone is not profitable.... why should a masternode holder not also be a miner himself? Suddenly makes the whole endeavour seem VERY profitable, doesn't it? C'mon man, don't quote the trolls... You are pretty funny. Changing peoples posts when you quote them. You think you're pretty clever don't you? I would engage in your pathetic childish behavior but since you are basically a nobody I'll let you continue on with your ignorance and sickening attacks on others. It must really suck to be you. But hey, you're a big Darkcoin holder. Whoop dee doo. |
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Good grief!
Will this shit just keeps getting smellier.
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Respectable master(node) owner urgently looking for hard-working servant (village idiot) please apply within. No wips have ever been used on our slaves only prober rude treatment to let em know who is master This system is so badly flawed its not funny. Having one single note running is like solo mining and others with 50 or more notes sit in a massive pool and take the cream of the top Back in the instamine days the reward for miners was 100% payout of the 500, now the miners get 80% of the left over scrap 5 I agree with this. Why are people going to continue mining an already unprofitable coin when they have to give another 20% to someone holding possibly tens of thousands of coins? |
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Why is price dropping? What's next planned for Monero ?
Inflation dude. More Monero is being mined than the market can support. It's a problem that won't go away. Is this a problem in the long-term? Actually it gets better in time. I'm not a math wiz and don't claim to understand everything. It's my understanding that XMR has a fast emission rate in the beginning but I think there were changes made that reduced the emission but I'm not entirely sure what happened regarding that. I'm sure that someone involved with XMR will post shortly to answer your question with a more valid and authoritative response. |
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Why is price dropping? What's next planned for Monero ?
Inflation dude. More Monero is being mined than the market can support. It's a problem that won't go away. |
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What does Busoni want to tell us adding this coin? It will not likely have a lot of volume. Second hasty call he made recently imo. Polo used to be so awesome...
Please, if I'm missing a point educate me!
-does not compute- aargh!
8 /
I can't believe poloniex listed this shitcoin. I've been trading there for awhile and even kept trading after their mishap. I'm going to have to rethink that after this. And I've traded well over 100 btc worth of coin there in the last couple months. |
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