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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: December 03, 2014, 02:26:45 PM
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anybody syncing stuck on block 179875?
Nope yup. cool now. thx Now Im synced I still see the message below. I am running latest OSX wallet (16.16). Can I safely ignore this warning. What gives? Thanks  The message is clear, if your client is up to date some nodes in the network have to install 0.10.16.16. No The message is clear, The wallet still isn't done synching with the network... notice the out of synch message. Or he's running an old version of the wallet. Actually the message persists after syncing is complete. What of DarkSend mixing. I pressed start DS mixing and now it just shows as idle. Do I just have to keep waiting a while (progress bar shows nothing)? I've had the same message on one of my wallets as of late. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: December 01, 2014, 02:26:09 PM
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As I have a little experience in venture capital, let me provide some perspective. If Evan was for some reason going to seek venture capital, he would speak to someone (or a group of people) who would be asking a lot of hard questions. Many of those questions would be about risk and limitations. If Evan didn't have good answers for what the risks and limitations of DRK were, there's no way in hell he would ever see a dime.
Smart investors know that there is risk in any investment. They want to know that those in charge are aware of them and have sound plans to mitigate those risks. As DRK begins to gain broader exposure and interest, I suggest this community answer the difficult questions with maturity. Saying something along the lines of, "That's a good question and beyond my technical knowledge, but we'll make sure [member of the dev team] sees it and answers it for you" is perfectly acceptable.
With all that said, it may be time that DRK begins to present itself in a more marketable way. No, I'm not saying name change, but present its strengths and weaknesses in a manner that will garner greater interest among those with deep pockets.
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731
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 27, 2014, 09:11:07 PM
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Yes Flufferboy you are correct, I dealt with rpietila directly which you and Smooth have said many times is not part of the dev team. So in a way, you're correct.
His DRK proposition is that I find an exploit for DRK that he can have tested with other resources he has hired elsewhere.
If it test out he will pay me 50BTC. He has been spot on paying me so I have no doubts he will.
My Monero deal with him expires on December 20th so until then I will not post about or bother Monero.
Considering DRK is open source and I am not going to be the one to attack it there is nothing nefarious going on.
I can promise you this though, I will find an exploit.
This coin is way too sophisticated and smooth to NOT have an exploit.
~BCX~
For every exploit you find that the dev team confirms that you white hat, I'll pay you .25 BTC |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 26, 2014, 02:49:18 AM
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What is more exciting to me is you're now entering the realm of contracts. While I'm thinking about it, with everyone talking about securing the blockchain, Evan, did you ever look at Fractalcoin with its, "Slingshield". It's a (dead) x11 coin where the developer claimed that Slingshield made 51% attacks into 71% attacks. Digishield is used for difficulty adjustment when mining resembles a typical proof-of-work coin. However, when percentage fees kick in and the static rewards drop, a modified version of digishield will be used, thus named slingshield.
For blocks with no transactions, slingshield is exactly the same as digishield. Low rewards and percentage based fees could put loyal miners at a disadvantage, since multipools could swoop in when a high fee transaction is broadcast, and quickly mine the block, taking all of the fees from loyal miners without contributing significantly to network security or overall hashrate.
Slingshield fixes this problem while helping to enable a multipool's variable contribution to make the network signficantly more secure.
When a transaction is broadcast, and the amount of fees would increase the static block reward by 2%, the difficulty of the block being mined is increased by 1%. When the fee would increase block reward by 3%, difficulty is raised by 2%, etc. This ensures that high reward blocks (when multipools would typically hop on, but soon after leave) have a difficulty reflective of the expected hashrate.
Along with ensuring mining remains fair and block times remain constant, slingshield also increases difficulty in conducting a double spend(or other attack) by leveraging the variable amount of power contributed by multipools. This effectively ensures that to double spend a large amount of coins, you would need not 51% of the hashing power of the network, but rather up to 71% of the network. No idea if such tech would be beneficial to Darkcoin but I thought I'd share just in case. We already have a block reward tied to difficulty. Besides, I don't think we should be changing the rewards anymore. Read the description again. Block reward doesn't change. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 26, 2014, 02:23:56 AM
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What is more exciting to me is you're now entering the realm of contracts. While I'm thinking about it, with everyone talking about securing the blockchain, Evan, did you ever look at Fractalcoin with its, "Slingshield". It's a (dead) x11 coin where the developer claimed that Slingshield made 51% attacks into 71% attacks. Digishield is used for difficulty adjustment when mining resembles a typical proof-of-work coin. However, when percentage fees kick in and the static rewards drop, a modified version of digishield will be used, thus named slingshield.
For blocks with no transactions, slingshield is exactly the same as digishield. Low rewards and percentage based fees could put loyal miners at a disadvantage, since multipools could swoop in when a high fee transaction is broadcast, and quickly mine the block, taking all of the fees from loyal miners without contributing significantly to network security or overall hashrate.
Slingshield fixes this problem while helping to enable a multipool's variable contribution to make the network signficantly more secure.
When a transaction is broadcast, and the amount of fees would increase the static block reward by 2%, the difficulty of the block being mined is increased by 1%. When the fee would increase block reward by 3%, difficulty is raised by 2%, etc. This ensures that high reward blocks (when multipools would typically hop on, but soon after leave) have a difficulty reflective of the expected hashrate.
Along with ensuring mining remains fair and block times remain constant, slingshield also increases difficulty in conducting a double spend(or other attack) by leveraging the variable amount of power contributed by multipools. This effectively ensures that to double spend a large amount of coins, you would need not 51% of the hashing power of the network, but rather up to 71% of the network. No idea if such tech would be beneficial to Darkcoin but I thought I'd share just in case. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 17, 2014, 03:25:23 AM
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Otoh ain't no trader-type like you and I. Dude made it big with Bitcoin for a reason.
What makes you think he made it big with BTC? Read his posts from 2011, dude had a very nice pile of Bitcoins from the beginning. Plus we were both part of DyslexicZombei's scam in August and I got to know him some from that. Already did, he's legit. I just wanted to shake out some weak hands and buy some additional DRK at these levels. Price looks unsustainable now in short-term, IMO, might even go back to 0.006 in a day or two. With the masternode payment increase just around the corner, I disagree. Want to make another bet? You DID win the last one if I remember right. Edit - I'll bet [] DRK (you name the quantity but I must agree to it before the bet is live) that DRK will hit .01 before it hits .006. |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 17, 2014, 02:12:19 AM
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probably he is cleaning up the sell orders right above his buy wall as well, slowly but surely. The sell wall was 13K+ at the beginning. Some people sold into it and went down to 9K. Then he replenished it to 12345DRK. Went down to 10K. And then replenished to 15K. This explaines the 8K+ DRK in his account. He has more BTC where it came from as he said.
Or he has that buy wall on Bitfinex and is unloading on Cryptsy. That's what I'd do. If I was in trading mode, I'd nail his entire bid on Bitfinex and dump like hell on Cryptsy too. See if he panics and buy into that. As a trader, ALWAYS ask yourself WHY. Why would someone put a huge buy order on a lower volume exchange? Idiot? Maybe. But most of those people have already lost most of their BTC to smarter traders. So WHY? If he wants to own a ton of DRK, why place an order is a manner that would likely cause the price to increase so he has to pay more? Could it be that he wants to exit a large position and if the price increases, he gets to sell at a higher price. And all the while, he can sell into the buying pressure caused by his buy order? Or maybe he already has a large position and is making sure the technicals look good and is happy to add to his position. I sure do love this game  |
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Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
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on: November 16, 2014, 03:06:02 PM
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i wouldnt mind hearing some more specifics about buy walls, sell walls, how they are used
as strategy and what we can exspect with this 11K buy wall..... is this a sign that some big
players are entering the Darkcoin market / altcoin market ? Or is this one big whale
trying to corner the market ? or taking protection measurements ?
While it's nice to see buy walls, that 11k buy wall is, "only" worth around $30,000. A lot of money? Not compared to volume DRK has seen in the past. That it's not being filled even when it's sitting on the top bid position does say a lot though. You never really know if a buy or sell wall are positive or negative. It's pretty easy to put up a wall on one side and soak up the weak hands spooked by it on the other side. Or maybe I own a ton of coin and want to help the coin rally, so I put in a buy wall. The possibilities are many. That we haven't corrected more with the recent and ongoing bugs is a good sign for bulls. Once these bugs are tackled I think we'll begin a long uptrend. |
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