Huh???

The command "masternode list-conf" is intended for the remote masternode type of setup, from you saying it is empty I gather that you have a local masternode. In that case it should be empty, that command is checking the status of masternodes in the masternode.conf, you have none, so that is the expected result.

Also, it can take 24-48 hours to start receiving rewards.

Actually, masternodes can't mix coins, except as the facilitator, obfuscation is disabled whenever a wallet is acting as a masternode. The 8 connections should increase as your wallet remains online, and acting as a masternode. However, 8 connections will often indicate that port 51472 is not open to the computer the wallet is running on. To verify if the port is open you can go to canyouseeme.org and check port 51472. If that port is not open the network can't reach your wallet and payments will never be forthcoming.

The best way to check if it is actually running is to run "masternode list full" in the debug console, copy the output into a text editor and search for your masternode.

No, that is not the problem that we had with the release of 1.0.2.0, that was an issue with loosing sync. The root of that problem was discovered and should no longer be an issue. How long after starting the masternode did you wait before checking, it can take a bit for the change in state to propagate across the network.

I actually really like SecureTX, it is kind of in keeping with the SwiftTX naming theme.

OK, all of the binaries are up on github, https://github.com/Darknet-Crypto/Darknet/releases/tag/v1.1.0.0, or see the OP for direct download links.

Yeah, it looked good in the preview, s3v3n is going to change a few things quick, hopefully that will clean it up.

Ugh, we had a long day, I had to keep running my kids here and there all day, and we had a few last minute issues creep up, but, the new source is now available on github for all of you self compilers, https://github.com/Darknet-Crypto/Darknet/releases/tag/v1.1.0.0. The binaries will be up soon, s3v3n is working on compiling them right now. The newly updated ANN will follow closely behind.

This is a mandatory update, everyone needs to be on the new version, 1.1.0.0, by block 151200, about 2 weeks from now, that is when the new block rewards will go into effect. Notices will be sent to all service providers shortly. Thanks for your patience, I know I said this would be done last night or this morning. Sorry for the delay guys.

Also, just so that there are no surprises, the proposal didn't account for the budget portion of coins, so the actual rewards will be 22.5 to miners, 22.5 to masternodes, and the remaining 10% will be available for budget proposals, or up to 432000 per month. Any coins that are not spent on the budget don't get created, so any projected total coin counts are a maximum number, the actual supply will almost always be slightly lower than the projections that are based on completely spent budgets.

Are you psychic or something?

Umm, no. I am going to make the necessary changes and we will release the new wallet later today or tomorrow morning. As I said earlier we will allow 2 weeks for everyone to get updated. So, the change won't happen immediately, but is on its way. Block 151200 is when the switch will happen.

Hey, glad to have you onboard, and getting things figured out. Please though, save the insults for another thread, we seem to have been able to keep the nonsense to a minimum in here, it is one of the few reprieves from it on this whole forum, let's keep it that way. You have to understand, there is someone trying a new way of ripping people off daily in these forums, and people who frequent them are sick of it and just think that every newbie with a post anything like yours is another one of those attempts.

If you need help feel free to ask specific questions, you will find that the folks in here are more than willing to help. I am not sure what you are asking in your most recent question, but if you clarify a bit I am sure you will get the help you need.

Thank you. You really said many of the things I was thinking. I would like to add one or two more things to it, though.

First, cutting the supply now will leave fewer coins when we switch to PoS, and as I said before, for a PoS coin each coin can be looked at as an individual mining machine. For PoS fewer coins is the equivalent of a lower network hash rate, especially considering that a portion of those coins will be locked up in masternodes unable to contribute to the security of the blockchain side of the network. While lowering the number of coins being introduced daily now may have an effect on the day to day price per coin now, it will certainly lead to a less secure network in the future, which will not help the long term value of the coin. The "fix" that is proposed is only going to push the price drop that we are experiencing now into the future. Features and usability are the only way to maintain a stable price, this coin is not even 3 months old, and the market is still looking for a stable price point. When you arbitrarily cut coin production as a crutch to catch a falling price it will only be a temporary solution.

All of the coins being mined each day could be bought for 1.26 BTC at 500 satoshi, or 2.52 BTC at 1000 satoshi. There has been consistently more daily volume than that, meaning that a good portion of the buying and selling going on is being done by day traders, miners dumping are not the primary cause for the price drop, they are allowing those with a real interest in this coin and no way of mining themselves to get coins at a reasonable quantity and price. If you go to the DNET page on Bittrex and click the distribution button right above the chart you will see that the top 5 addresses on Bittrex hold over 3 million coins, and keeping an eye on them shows steady accumulation over time. There is only a bit more than 4 million for sale on Bittrex. Do you really think that those wallets won't pump the price when there is a bit of what may seem good news, namely supply reduction, and then dump those 3 million coins. When that happens you will really see the dramatic price drop you are trying to prevent with this ill conceived plan.

The other thing that really bothers me about the current reduction proposal is the split between miners and masternode owners. So that there is no confusion, I have somewhere around 100 masternodes, and would love to be getting paid half of the block rewards for maintaining them. On the other hand, I am also mining a large number of DNET, and that would totally stop given the reward structure as laid out in this proposal. There is no way I am going to continue to invest the time and money I am currently for 25 DNET per block, that would just be plain irresponsible of me, especially considering the fact that I believe that the long term prospects of DNET would be completely decimated by this proposal. I don't think you will find very many other miners who would continue to mine DNET either. The strength of our PoW network is spectacular, to disregard the importancy of that is a huge mistake.

Before I close with my final point I also just want to second everything EleanorZ said, reread his words once more and think about it.

Again, I will code the change, even if it is against my better judgement, if the proposal is approved according to the predetermined rules and numbers. For the sake of clarification, in order to be accepted into the budget the (number of yes votes)-(number of no votes) needs to be greater than 10% of the total of all masternodes at the time the budget is finalized. The budget is finalized 2 days before the superblock that would include budget payments, the superblock for this proposal is 129600. So, 129600-2880=126720, at the time I am writing this that leaves about 14444 blocks, or a bit more than 10 days. I understand that those voting in favor of this proposal would like to get it done as soon as possible, but that is the way it is, I will also be allowing at least 2 weeks from the time the new wallet is released before the change would kick in, we have already experienced issues with too short an upgrade window, and will not be repeating the same mistakes twice.

All of this is speculation at this point, I really hope that everyone reading this, who has a general interest in the long term viability of the DarkNet project, will think long and hard and see how shortsighted this change would be, it would only successfully serve the short term interests of a few large holders, not the long term health of the coin. Again, I stand to gain greatly from this proposal in the short term, but won't be cashing out even if it becomes reality, I predict that that will be a fatal mistake in the long term success of my investment of both time and money in DarkNet. Money is not why I am here, it is the potential to do something new and different that brought s3v3nh4cks and myself together in this venture.

Right now a masternode is rewarded 50 DNET every block. There are currently 785 masternodes, so 1440 blocks per day divided by 785 masternodes times 50 DNET means you would get about 92 DNET per day for running a masternode, on average.

Voted.

While I appreciate your analysis, I would like to make a few observations of my own.

While it would appear that the distribution may be a bit lopsided towards the top, keep in mind that there are quite a few holders who's total coins would rival some of the top spots, but their coins are in different addresses locked up in masternodes. Also, in the interest of clarity and transparency, D7SP47ZN3ZGdrVsAvmG2f3CQF6Ca6grdLX is the general fund address we will be using to pay for a wide range of products and services aimed to help advance DarkNet.

As far as it being easy to mine, it is actually the quark coin with the highest difficulty that I could find right now, it has been that way for a while, and I expect that to remain the case for the foreseeable future. That is speaks directly to the security of the network, and should be seen as a pro. 

There have been some price spikes in both directions, we are still in our infancy, and one should expect to see similar volatility for a bit more, once we have become a bit more established things should smooth out. While we are not looking for a huge selloff with a corresponding plunge in price, the day to day price is one of the things we care the least about. We are focused on working on improving the coin in tangible ways, with successes in that endeavor one would expect a rise in price, but that is not where we are focusing our energy. You will hear very little talk of the price from us, and encourage the community to practice the same. To my mind, there is nothing that is more of a turnoff than learning of a new coin, going to their thread, and seeing nothing but a bunch of mindless shills crying "to the moon", "buy now, last cheap coins", "the price will rise tomorrow", "dump on me", etc. Anyone with a few active brain cells can see those posts for what they are.

Low masternode rewards, if you were to buy the coins to start a masternode right now and all things remained the same you would ROI in 100 days. That is now that there are over 700 masternodes, at one point ROI was around 40 days. I think that in and of itself suggests that masternode rewards are not too low, I may be missing something. Also, if masternode rewards were higher two of your listed pros would be minimized. The coins would be more condensed into the hands of larger holders. Most masternode owners are not selling their rewards, but saving them to create additional masternodes. Also the ease of mining as you perceive it would be reduced, as there would be less reward per block going to the miner, therefore a lower return at a given hashrate.

"Not enough exchange" could be taken a few ways, I think you meant exchanges, and on that point, you may be right. I really don't have a solid viewpoint one way or the other there. Personally, I am fine with what we have, and wouldn't be too upset if nothing changed. I think the idea people have about being on every exchange imaginable is the exposure provided by that. I can't see any other benefit, but again, I could be missing something. While exposure is great, at this point we are focused on improving the utility of DarkNet, as things progress exposure will come from word of mouth advertising, which I think is the best type of advertisement. When your buddy tells you about how great this new product is it has a much stronger effect than when you just happen to come across it in the store. I also think that getting on every possible exchange puts us at risk of spreading ourselves too thin, it would be better to have solid daily volume on some hole in the wall exchange than mediocre volume on the worlds greatest exchange. Again, the whole idea is not something I have spent a lot of time thinking about, I could be totally wrong in my views, don't hesitate to correct me.

The large drop in rewards that you see is the result of community discussions of the best way to reduce inflation after the start of PoS without causing sharp price swings. We will be submitting a budget proposal in the next few days to get concrete support figures for these numbers, if you think you have a better idea, by all means, submit your own budget proposal along with supporting arguments. As has been said before, we will pilot this ship wherever the community steers it.

Please don't take any part of this post to argumentative, This is just how I see things, I have an open mind that can be easily changed when confronted with evidence of the errors in my thinking. It is only through real, meaningful, conversation with many people from different backgrounds that we can make the most of this project. We encourage everyone to contribute in whatever fashion they can.

To those that are asking questions, looking for updates. I get that you wonder what is up, but rather than asking questions if you would just read the previous page you would get all of the answers we have to give you.




That is all we have right now, as stated, when more updates are available they will be provided. Thanks.

Just sent 10 DNET test to safecex and it is shows as pending on their website, so they must be updated. YoBit's wallet is in maintenance, so should be right soon. Still no sign of life from Bittrex, hopefully soon.