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1741  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 15, 2015, 11:06:23 PM
It is fairly easy to see what happened here. Some law enforcement agency in some unknown country was tracking transactions to Bitcoin address they know was used for illegal activity. It could be a seized address, sting operation honeypot etc. They then went to blockchain.info, looked up the transaction and also the IP address that relayed the transaction to blockchain.info and then unleashed a raid on the OP's home. They did this even though blockchain.info has a clear disclaimer that the relaying IP address is not necessarily the originating IP address. It is very unfortunate that the OP did not identify the name of the law enforcement agency and its jurisdiction.

The safeguard suggested by smooth of denying the data in the first place of course solves the problem and is a case to for the use of Monero over Bitcoin.
1742  Alternate cryptocurrencies / Altcoin Discussion / Re: Your favorite CryptoNote coin? on: March 15, 2015, 09:27:31 PM
Monero
1743  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DSH] Dashcoin (Cryptonote, automated source) on: March 15, 2015, 06:14:53 AM
...

edit: this dashcoin debacle is shaking the very roots of crypto currency. bitcoin, litecoin even darkcoin..you should have known better.

This is very true. The precedent being set here is far reaching.
1744  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 15, 2015, 05:21:34 AM
It's sad to see the coin being renamed to a brand that already has patents filed on it... moreover that is also an existing coin that's been here a while.

Those are some of the reasons why I decided to empty my DRK stash and move on. It's kind of a slap in the face for the early DRK people.

Anybody would happen to know the filing number of the challenge application? Would be interesting to see.

Just to be specific, any dispute here would not be regarding "patents" but rather "trademarks"... which I'm quite sure Evan said is being dealt with...

FYI: http://www.lawmart.com/forms/difference.htm

I posted the details in the Dashcoin thread https://bitcointalk.org/index.php?topic=678232.msg10777298#msg10777298 The trademark being opposed by the Darkcoin Foundation is USPTO application number 86377359. Here are some USPTO links. http://tsdr.uspto.gov/caseviewer/pdf?caseId=86377359&docIndex=1#docIndex=1 and http://tsdr.uspto.gov/documentviewer?caseId=sn86377359&docId=APP20140829072944#docIndex=9&page=1.
1745  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DSH] Dashcoin (Cryptonote, automated source) on: March 15, 2015, 04:45:24 AM
...

I have never posted or being on this thread until today and I only came because you had reasonable questions on the DASH thread and I was trying to be informative and clarify what I knew.  I don't know what you are talking about but the poster you mention is just a member of the community.

I went through this thread and there was almost no activity here since last year, there is no need to come up with conspiracy theories as we would like for things to be friendly.

I understand that you are doing your utmost to avoid conflict and confrontation both here and in the Darkcoin thread, as evidenced by the following post. https://bitcointalk.org/index.php?topic=421615.msg10767687#msg10767687 and this is of course very commendable and appreciated. Unfortunately I wish I could say the same thing for other members of the Darkcoin community.
Quote
If anything, you may see a serious pump because of this rebrand, and be able to exit at a higher value. I know it sounds a bit hostile, but the entire Dashcoin marketcap is only 2 or 3 Masternodes. It will be the best thing that happened to you !! the coin is dead!
from https://darkcointalk.org/threads/official-statement-on-rebranding-to-dash.4297/page-3. This gets further complicated by the legal situation. The Darkcoin Foundation is contemplating filing a Notice of Opposition to an application for a Trademark on "Dash" by a third party http://tsdr.uspto.gov/caseviewer/pdf?caseId=86377359&docIndex=1#docIndex=1. One way to do this is to show prior use. So if the Darkcoin Foundation can acquire the rights to "Dashcoin" and since the use of Dashcoin in commerce precedes that application date of the of the mark being opposed http://tsdr.uspto.gov/documentviewer?caseId=sn86377359&docId=APP20140829072944#docIndex=9&page=1 The Darkcoin Foundation has a good chance to oppose the third party application and claim the name "Dash" for its self. This of course hinges on one thing obtaining the rights to the name Dashcoin, It is here where the situation gets really messy and a very dangerous precedent is being set.  

The issue comes down to the ownership of the name "Dashcoin" Does the developer actually own the name or is he merely acting as a trustee on behalf of the broader community. In the latter case he has no right to sell the name to a third party.  The issue here is the same regardless of whether the market capitalization of the coin is 6000 USD or 4,000,000,000 USD. It is a critical principle that affects every decentralized crypto currency. Developers do not control or "own" the coin.  Of course if Dashcoin as a coin dies as a result the issue becomes moot, which of course is the simple solution for the Darkcoin Foundation. But what if the Dashcoin community takes over control of the coin as is apparently becoming the case away from the developer and continues using what is rightfully theirs, namely the name Dashcoin? There is already a precedent where this kind of community takeover of a coin from a developer has occurred namely with Monero. Then the result becomes that the Dashcoin developer simply scammed the Darkcoin Foundation by selling them something he had no rights to. This of course undermines the entire legal plan to trademark "Dash".
1746  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DSH] Dashcoin (Cryptonote, automated source) on: March 15, 2015, 02:13:25 AM
There is more: By the way Adam White is considered a troll in the DRK thread.

1747  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DSH] Dashcoin (Cryptonote, automated source) on: March 15, 2015, 01:47:19 AM
...
i think they want dashcoin to die so they can have the name all for themselves..thats why they keep on pointing out dashcoin market cap.
...

I believe killing Dashcoin was the idea.

@RenegadeMan

Point taken - fixed it


Yeah - not sure why they are buying - crazy

Since "we" acquired Dashcoin all it will take is a few letters to a few exchanges - cease and desist - and they'll be forced to stop all Dashcoin trading, if in the USA - but a foreign exchange might be tougher

The Git is locked from what I heard. Not sure if that means downloads are locked too but I'm sure somebody has a copy of the source code.

Wait and watch I guess
1748  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 14, 2015, 03:02:42 PM
I've acquired more the last couple of weeks nearly doubling my stash. I have a tech question for you guys though. How much memory is required for monerod.exe not having to use VM from the hdd? It seems that 8Gb is not enough... Could someone share the knowledge?

Thanks

On GNU/Linux (Kubuntu 14.04) bitmonerod takes 6,263,272 K so 8GB should be enough barely.

Are there any plans to release a light version ?  Shocked

The solution to the large memory requirements is the database. This has been stable for some time, but not yet merged into master.
1749  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 14, 2015, 05:47:33 AM
I would not be surprised if we see some action in the market. Here is what I see:
1) A falling wedge in the hourly XMR/XBT chart
2) DRK being propped up by a series of walls at 0.01. A fair amount of these walls are hidden and are being gradually eaten.
Given the negative correlation between XMR/XBT and DRK/XBT I see a significant chance of an upward breakout in XMR/XBT combined with a crash in DRK/XBT. I may be completely wrong of course.

Edit: I find that analyzing DRK at the same time as XMR does provide additional insight given that I find a significant negative correlation between the price of DRK and XMR.
1750  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 14, 2015, 03:54:39 AM
Why the hell are all these Monero guys on here?!? Dont you have your own forum?   Roll Eyes  you don't see Darkcoin/DASH guys over there!  WOW?!?

Maybe it is because the Darkcoin/DASH guys put on quite a show with the re-branding and in the process drove up the price of XMR from 0.0017 to 0.0028 over two days.
1751  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 14, 2015, 03:26:53 AM
Otoh's wall getting eaten again.

its still there..
now people can see. tok is right;

monero = 5 % coding +  95% fudtrolling

There is a hidden wall at 0.01001 that is been eaten and furthermore all of this has nothing to do with XMR. Check the charts.
1752  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 14, 2015, 03:22:15 AM
The 1 MB blocksize limit is a very serious flaw in XBT that has concerned me for a very long time, since it limits the number of transactions to a point that makes any scaling of XBT impossible. It is to the best of my knowledge a very serious flaw that DRK has also inherited from XBT.

Quote
"Today the Bitcoin network is restricted to a sustained rate of 7tps due to the bitcoin protocol restricting block sizes to 1MB. "
(By comparison, VISA's average is 2000tps and PayPal is 115tps)
https://en.bitcoin.it/wiki/Scalability


Assuming Darkcoin's maximum transaction size is limited to 1MB like Bitcoin (can someone confirm this?), and given that Darkcoin's block time is only 1/4 of Bitcoin's, then we can guess the theoretical maximum number of transactions per second for Darkcoin is around 28 just from its POW.

Now with IX transaction-locking, I believe there now exists a "buffering" capability that allows for infinitely more transactions per second over and above the PoW's hard limit.

I would ask the devs to chime in on this, but I'm pretty sure the answer would be "Just wait for the podcast" Grin



!!! UNOFFICIAL STATEMENT !!!

Not sure if you folks are just not reading between the lines or what but Evan is about to ANN the scalability of DASH "issue" has been solved.

Thing is - if the XBT people hear about it - and they will - they'll copy it and fork XBT
Will we get credit - who knows..... who cares -

!!! UNOFFICIAL STATEMENT !!!


I for one will be very interested in what he has to say and I am not at this point a DRK holder.
1753  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 14, 2015, 03:00:23 AM
...
Except the Monero dev team are a lazy feet-up-on-the-couch crowd who can be bothered writing about 5 lines of code a month.

The only reason I'm a holder (from the cryptonote exchange days) is because I can't get a mac wallet to fire my remaining XMR off after nearly a year. (Thats because they've got "so much to do" that they've delegated it to 3rd parties  Roll Eyes ).

Monero is an interesting experiment but a dead duck as as currency. If you've ever had the pleasure to interact with any of their staff on bitcointalk you'll get the overwhelming understanding that it's about as serious as a school electronics project.

Monero is:

5% coding and doing anything useful
20% web development attempting to convince people that it's doing anything useful
70% smooth and fluffypony blabbering nonsense on bitcointalk about how 'cryptography' is the solution to everything
5% looking for people with letters after their name to rubberstamp the project


Even if any of this were true which is not the case, the simple reality is that the current technical picture for DRK/XBT is not pretty at all. My take is that there there is a significant chance that DRK can break 0.01 on the downside, and could go as low as 0.005. If this were to happen then this alone can cause XMR to reach 0.04 or higher. Please make an honest assessment of the charts on your own, and do not trust anything I say.

This has nothing to do with my personal XMR holdings or the XMR devs. It is all about DRK. There were many in the XMR community who were caught of guard while waiting to pick up cheap XMR only to get side-swiped by the market action that followed the DRK re-branding. Their mistake was to ignore what is happening over here.
1754  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 14, 2015, 02:16:04 AM
...
I just disagree with you in one point: Monero already surpassed the first mover on anonymous market, it was Bytecoin, I don't and won't ever consider DRK/DASH an anonymous crypto.

I do not buy the argument that Bytecoin existed when DRK was launched in January 2014. https://bitcointalk.org/index.php?topic=740112.0. While it is very legitimate to question that actual effectiveness of DRK's anonymity it fair to say that it is perceived, to a significant degree, in marketplace to be an "anonymous" coin.
1755  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: March 14, 2015, 01:48:13 AM


Sad to see a hero member letting his emotions get the best of him and to sink to that low level of trolling/spamming.


LoL ! Hey, we've got off lightly Wink ......https://bitcointalk.org/index.php?topic=941331.msg10551132#msg10551132





Very good find.

He is dead wrong on the 20 MB blocksize limit in XBT. The 1 MB blocksize limit is a very serious flaw in XBT that has concerned me for a very long time, since it limits the number of transactions to a point that makes any scaling of XBT impossible. It is to the best of my knowledge a very serious flaw that DRK has also inherited from XBT. By the way I have an unlimited data plan with my Internet provider that allows me to host a full XBT node, a full NMC node and a full XMR node.



Sad to see a hero member letting his emotions get the best of him and to sink to that low level of trolling/spamming.

Although the amount of misfortune one can take before exhibiting notable symptoms is highly individual, I hope you haven't lost everything while chasing unsuccessful altcoins. In anticipation of the forthcoming crypto revolution, you're still likely better off than 80% of the world's population, so cheer up, and try to think positive thoughts.

He had two choices : list the advantages of Monero over DASH/Darkcoin or fud/troll DASH/Darkcoin, seems that the latter is easier to do.

Well here is the critical advantage that XMR has over both XBT and DRK. XMR does not have a fixed blocksize limit! It is the reason I found out about XMR in the first place and the primary reason why I invested in XMR and why I am a very strong supporter of XMR.

The irony of it all. This is after all a DRK thread.

Edit: I have been concerned about the 1 MB blocksize limit in XBT long before XMR or DRK even existed.
1756  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 14, 2015, 01:09:14 AM
There is little doubt that there is a concerted effort by one or a small number of DRK whales to support the price at 0.01. The question that comes to mind is why? The support for DRK is actually in the 0.005 to 0.006 range. This is apparent from the charts, particularly the daily chart. So the question then becomes will DRK get hurt badly if it drops to 0.005 - 0.006 where it has been for over three months? A drop to this range world put DRK at about a 7-8 Million USD capitalization. It is here where XMR, and in particular the emission rate of XMR, comes into the picture. If XMR were to reach a level of say twice its current price, say 0.0044, this would put the capitalization of XMR above 8 million USD and more importantly above that of DRK effectively negating the one advantage that DRK currently has over XMR, namely the first mover advantage. There are many scenarios where this can happen particularly if DRK were to continue on its bear market.

My take is that a crossover between the capitalizations of DRK and XMR would likely accelerate the drop of DRK and the rise of XMR and this is the fear of many a DRK holder that leads them to attempt to support DRK at 0.01. This should also be of concern to a anyone looking at acquiring a significant position in XMR. The situation is very different from last summer because of the XMR emission.
1757  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [XMR] Monero - A secure, private, untraceable cryptocurrency - 0.8.8.6 on: March 13, 2015, 10:56:02 PM
I've started to work on a cross-platform GUI about a month ago. This task involves code rewriting from scratch, thus, improving the performance and reliability of my client. More information coming soon... Wink

A port to GNU/Linux will certainly be very valuable and well received.
1758  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2015, 09:04:55 PM
Let's get back to speculation

Poloniex 6h chart



Price is consolidating between 0.0022 and 0.0024 which is right around the 38.2% and 50% fib levels of the rise between 0.00165 and 0.00283.

RSI have fallen back to around 50, we have been in the overbought zone from this year's top down to the 0.0024 level.

Since we're in a bull market I'd expect Monero to rise in the coming week, we could also test some lower levels since the orderbook is pretty thin at the moment, a big buy or a big sell can move the price quite a bit.

Currently ~4000 XMR buy sends the price up 11%, ~4000 XMR sell sends the price down 2.5%

The last upward move had a 24 hour period, with over 200,000 XMR in volume. 4000 XMR is nothing. By the way DRK/XBT has just hit 0.01 on Bitfinex. All I can say is that if you are short XMR in any way ignore DRK at you peril. I do not normally focus so much on another coin, but the situation in DRK is such that it can easily set off a buying panic in XMR.  
1759  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: March 13, 2015, 08:42:56 PM
sold all my xmr already to buy more drk Smiley

The DRK/XBT market is certainly worth watching. There is a concerted attempt to support the price at 0.01 with a sizable hidden wall at 0.010001 on Bitfinex which I estimate to be at least 50 - 100 XBT at one point. This is "protecting" the visible wall of over 50 XBT. at 0.01. We have seen over 20000 DRK sold into this support in the last 24 hours. Here is my take: Eventually this will give way (no one will support a coin that wants to go down for ever) and DRK/XBT will break 0.01 sharply on the downside. If this happens watch out for a sudden and sharp upward movement in XMR/XBT.
1760  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [DSH] Dashcoin (Cryptonote, automated source) on: March 13, 2015, 04:27:41 PM
...
developer did very ugly selling project.

This assumes the developer actually owns what he is "selling". If the Dashcoin community simply forks the coin and continues using the name all the Darkcoin developers have purchased in the end may simply turn out to be a lawsuit.
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