Since the update a few weeks back my Masternodes have been getting paid every 2 days like clockwork....until this week. Both have now missed a payment, but were showing as active the whole time on dark.mn and no downtime detected by my monitoring.
Anyone else miss any payments?
Take a look https://darkcointalk.org/threads/masternode-missed-payment.3110/Thanks, I have restarted my nodes just in case. It certainly feels like there is an issue - if payments are missed but everything is green on drk.mn and my node shows in 'darkcoind masternode list' with a '1', then the bad news is that I have no way to monitor for this. Just a case of waiting for a missed payment then restarting, which could in theory cost 2 payments if the timing was bad. Also take into consideration that there are around 550blocks mined perday, and currently 1300+!!!!!!!! masternodes. So the 2 day payments are soon going to be every 3 days. |
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Utter garbage. You won't see Evan in there, but monero's dev? All over it! |
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Sorry, maybe i have should use "Darkcoin uses Central Servers" couldn't see that people are that shallow not to see its a central system. And by the way, what it have to do with de-anonymization ? Who is mixing your network would you say? Santa claus ? 1240 Masternodes
($2,952,000)
To have a 40% chance of de-anonimizing the network with 8 rounds of mixing, you would currently have to hold 90% of the masternodes. This means going into the market and buying 1,120,000 darkcoins.
This would push the price of dark into the billions, market would become bullish, removing coins from the market. I don't think someone could buy that amount of coins in the first place.
Also the price of darkcoin being so high, insentivises new investors to buy and setup more masternodes - further de-centralizing the network. Using same argument on and on which is totally not true. You still think the Government will buy any coins from Darkcoin just to shut it down ? This theorie is laughable when you have centralized server system which can be hacked or shutdown. No VPN will save you from this. You know i usually encrypt my secret messages with a 1240 x Rot13 encryption just to be sure its secure. Same thing with having 5 Firewalls won't give you any advances in security I agree that the "buying darkcoin to destroy darkcoin" is laughable, your absolutely correct! It's a ridicules idea that one entity could even buy the amount needed to subvert the network in that way, thanks for supporting that. Definition-Centralize concentrate (control of an activity or organization) under a single authority. Masternodes are not quite centralized, as the majority of nodes are hosted on 2 VPS providers (Amazon/Vultr). This is a problem i agree, but at this point its more of proof of concept, if MN become more profitable to run, the incentive will emerge to setup your own mini "datacenter" and host the node from your own home. I'm already considering this. Now if at least 10% of the current network did this, 126 individual nodes would be live. The hacker would need to attack each node individually. And so what if he did? Darksend's process picks a masternode randomly, how would the attacker know which node to attack at a specific time if the selection process isn't already determined? In relation to your comment's on security, I use at least 8 round's of mixing  |
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Can these servers be shut down by governments?
Very easy, you should just check what they done to TOR, then you will notice that they could easy de-anonymize Darkcoin. But i think Evan Duffield know that they only have a pseudo anonymizer. First you say darkcoin uses one server, then you are corrected and told the number is more like 1240 individual servers, but still the venom splats all over my screen. Masternodes are hosted on different VPS providers, different locations all around the world and will soon be hosted by individuals! What has servers being shut down by the government got to do with de-anonymization? Shutting masternode servers down would not de-anonymize darkcoin? I don't understand what your saying? I think you are mixing stories here. You are infact talking about the majority of exit nodes on the tor network being FED controlled, and the parallels between tornodes and Darks masternodes. Currently 1240 Masternodes ($2,952,000) To have a 40% chance of de-anonimizing the network with 8 rounds of mixing, you would currently have to hold 90% of the masternodes. This means going into the market and buying 1,120,000 darkcoins. This would push the price of dark into the billions, market would become bullish, removing coins from the market. I don't think someone could buy that amount of coins in the first place. Also the price of darkcoin being so high, insentivises new investors to buy and setup more masternodes - further de-centralizing the network. |
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Thanks for your patience everyone. Voting will begin very soon, the details on how to vote will be posted in a new ANN thread. It should be noted, voting will not occur on Bitcointalk.org, but over Facebook and Twitter. More details and information will be posted. Stay Up to date: https://twitter.com/CoinsSourceThat's bullshit. A lot of people don't use any social media like FB or Twitter. I'm certainly not associating my BCT username with anything social media related just to vote. All I can say is wow, just wow... Hopefully others on here will voice in agreement. +1 Majority of Darkcoin people WILL NOT vote on social networks +11111 cant believe yr trying to force us to use Twitter or Facebook to vote... Apologies, but that was miscommunitcation. For the majority of voters, they will be required to use Social media. All Bitcointalk accounts with over 250+ Activity and Senior Members+ will be eligible to cast their vote on Bitcointalk. The activity must be 250+ at time the voting phase ends. We will not accept anyone under 250+ activity to vote on Bitcointalk, due to lacking devotion to digital currencies in general and mass manipulation found within lesser-ranks. We recognize the need to have anonymity, but this is a voting process and has to be as fair as possible to those developers who actively are reaching out to new community followers through a broader gateway. Secondly, a lot of people involved in digital currencies reside on Reddit and social neglect Bitcointalk.org all together due to the high amounts of FUD and climate that some coins may reside in currently. We are here to promote the individuals hard-work and efforts and push digital currencies forward. So i need 250+ activity to vote via BCT, but can set up a twitter/facebook account in minutes and vote with those? |
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The more the rounds, the deeper the anonymity. 2 rounds is already crazy good, 8 is like ultra-mode.
I don't think you need to give people the option for less than 8 rounds. People anon'ing their coins won't care if it takes a bit longer to go the additional rounds if it cuts the percentage down by a ton. After all, this is a privacy-centric coin at heart. Thing is, you could pause darksend as it reach's 4 rounds, use coin control to select the coins with 4 rounds and send those. Unless you made them undependable until they reach 8 rounds, which is bullshit anyway. Users can asses the risk involved and make a sound judgment on how many rounds are appropriate. I like the option of 1-8, infact why not 1-100? |
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Thanks for your patience everyone. Voting will begin very soon, the details on how to vote will be posted in a new ANN thread. It should be noted, voting will not occur on Bitcointalk.org, but over Facebook and Twitter. More details and information will be posted. Stay Up to date: https://twitter.com/CoinsSourceCast the bait, reel them in. Nice capitalization on the situation. |
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If I was strategy commander for Darkcoin (which I'm not by the way  ), I'd create some kind of contingency whereupon the mining majority could somehow protect the masternode majority in some kind of symbiotic dependency. i.e. to subvert the masternode population you'd have to subvert the mining population as well. You have that utterly arse backwards. 90% of mining goes through 5 pools. And you would need at most 3 of them to control or destroy the coin. Mining provides exactly fuck all security. I doubt it. I realise that it's fashionable right now to be maligning the idea of pools because of their "potential" to threaten the network. But the reality is that pools are still aggregations of decentralised mining power, Its subscribers are generally actors in good faith. You can't just "buy up" that kind of mining power. On the other hand, masternodes can be bought. I don't have enough technical understanding to know how much of a threat this poses to the network or even if it's a threat at all, but I've set up a masternode and could envisage how, overtime, a single player could monopolise the network. Aggregated mining is not the same thing as "centralised" mining. Whereas if I bought up 50% of the masternodes that WOULD be centralised masternoding because I have control over all those masternodes myself - they can't "wander off" to another pool. Buying 50% of the masternode network would cause huge price spikes, making it more profitable to own a masternode, bringing more investors into the game. The attacker would have to constantly buy darkcoins to combat new investors setting up masternodes. I don't think having 50% of the masternode network will even be possible. |
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First, to own 50% of the masternodes currently you'd have to buy another 1240 nodes. If you got those at spot price it would be $3MM. But you won't, so you'd probably spend closer to $30MM. And when/if DRK is at a point where national agencies start getting interested, it's not going to be $2.39/DRK anymore.
Second, 50% is not some magic number wrt owning masternodes. Actually, 50% is not nearly enough to give any meaningful chance of deanonymizing anything. And even if you had 100% of the nodes, you couldn't deanonymize the transactions that have already happened, nor the future transactions that use funds that have been premixed earlier. Trying to corner the masternode network just requires a lot of effort and resources for questionable gains.
Fair point (other than the assumption that they do not already run a % of current MNs; which they could quite easily or equally not) what I am trying to understand is how we came to the conclusion that it is cheaper to crack encryption algos v.s. buying up enough MN to decrypt x% of TXs. You cannot buy enough darkcoin to jeopardize the network. 1200ish MN's exist, if you wanted 50% of the MN network you'd need another 1,200,000 Darkcoins! Buying this amount over any time period will have significant effect on the spot price. As the buyer is clearly buying, sell walls would be removed and people become bullish. The price of Darkcoin would go so high the incentive for investors to set up new masternodes becomes more attractive, bringing more masternodes to the network that are not "Gov" owned. If the government wanted to buy 1,200,000 darkcoin, it would send the market cap into the billions. |
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All four pools would need to collude against them self's to destroy their own income streams.
But yes these pool's servers could be "hacked" and used to do bad.
But isn't that the case with all POW coins?
Masternode's will solve this issue, its inevitable.
Why would you use normal transactions when you have instantx? Therefor more and more transactions will be completed via the masternode network, rendering mining useless, or just making it so a monopoly on mining has no security risk.
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You think so? You don't see a coordinated attack? See that is what's wrong. You people don't want to see what's going on. It's like you turn the other way. People are being fleeced but as long as you make a buck its Okay? This isn't an even playing ground. People are being ripped off. Time to stop this Altcoin scam bullshit People are losing money. It's not funny "Archer's ready, FIRE!" |
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Why all this hate on DRKcoin? It looks really promising to me, and Eduffield seem a solid and honest guy.
No hate and its promising indeed, but for now it seems unworthy of using anonymous on the title. Why's that? |
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Ahhhh, now that's the shojayxt i remember. Not this snaky, deceptive illusion he hides behind these days. |
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ups  Like it wasn't terribly obvious. Can't help but feel sorry for those who fell for the scam. Damn... 76 bucks daily volume and 600k cap? ouch! I guess ethercon had 0 to do with etherium? |
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I finished selling it all about a month ago Purchased masternodes and LTC Cloud mining shares, selling LTC for DRK. [/quote] Wow, bold move! Is it working out ok? Did you take a hit on profit, but the power savings made up for it? |
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Some nice masternode purchases appearing in the order book on Cryptsy.
Just had my first 30% payment last night... Nice fat 2.1DRK! Woohoo!  What sort of mining rig one masternode equates to in terms of rewards per day? Last time i looked it was around 30mh/day to earn 0.62 darkcoin(around the amount a masternode earns per day). Spot on, it's about 2 rigs. Masternodes are cheaper to buy and run, it's a bit of a no-brainer. It's not quite that black and white - if the price tanks, your MN is suddenly worth nothing, but your general purpose hardware will always have some resale value. MN's are higher risk in that regard. Do both, if you can.  Yes, that is very true. Just as it stands, its around 40mh according to coinwarz. EDIT: Thats about 9 R9 280x |
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Spot on, it's about 2 rigs. Masternodes are cheaper to buy and run, it's a bit of a no-brainer. This would explain the strong MN network, currently at 1213. When are you selling all that mining equipment, ignition? :p |
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