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Author Topic: [ANN][PIVX] - PRIVATE INSTANT VERIFIED TRANSACTION - PROOF OF STAKE - ZEROCOIN  (Read 726204 times)
s3v3nh4cks
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March 30, 2016, 11:39:15 PM
 #1521

If anyone is interested in getting more involved in Darknet, Please PM me with your skill set, whether you are willing to participate in a voluntary fashion, or paid means only.
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March 31, 2016, 02:23:57 AM
 #1522

But again.. A anon feature is not really gonna boost much.
Why suddenly buy into this coin when other coins offer the same?

<snip>

Does anyone here have some points to make so I get a better understanding of the plan of this coin, or if its just a profit run.

DNET devs are working to create transations that are truly untraceable. Hence the name.
IF successful, it will be the first coin to have it. So that is "potential" worth investing in.
Anyways, like ANY coin including Bitcoin, just invest wisely and hope for the best. Wink

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March 31, 2016, 02:49:55 AM
Last edit: March 31, 2016, 03:33:57 AM by s3v3nh4cks
 #1523

As we work on the PoS implementation that is still a few months away, We have been discussing some potential numbers for the Reward values for the PoS phase. We wanted to get everyones opinions, good or bad.. In the end this is a Community Driven Coin and thats the way we want it.

So here are some possible numbers, keep in mind that these are not in concrete, and are to stimulate some discussion. after a few days of discussion, if there are not any major issues i will post it for formal vote.

If for some reason you are not in favor, please explain why you feel this way.


PoS Phase 1: (50 DNET per block) Blocks 259201 - 777600 [518400 blocks per year] 25,920,000 DNET

PoS Phase 2: (25 DNET per block) Blocks 777601 - 1296000 [518400 blocks per year] 12,960,000 DNET

PoS Phase 3: (5 DNET per block) Blocks 1296001- 1814400 [518400 blocks per year] 2,592,000 DNET

PoS Phase 4: (2.5 DNET per block) Blocks 1814401 + [518400 blocks per year] 1,296,000 per yr there after


let us know your feelings.. Smiley
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March 31, 2016, 03:48:55 AM
 #1524

As we work on the PoS implementation that is still a few months away, We have been discussing some potential numbers for the Reward values for the PoS phase. We wanted to get everyones opinions, good or bad.. In the end this is a Community Driven Coin and thats the way we want it.

So here are some possible numbers, keep in mind that these are not in concrete, and are to stimulate some discussion. after a few days of discussion, if there are not any major issues i will post it for formal vote.

If for some reason you are not in favor, please explain why you feel this way.


PoS Phase 1: (50 DNET per block) Blocks 259201 - 777600 [518400 blocks per year] 25,920,000 DNET

PoS Phase 2: (25 DNET per block) Blocks 777601 - 1296000 [518400 blocks per year] 12,960,000 DNET

PoS Phase 3: (5 DNET per block) Blocks 1296001- 1814400 [518400 blocks per year] 2,592,000 DNET

PoS Phase 4: (2.5 DNET per block) Blocks 1814401 + [518400 blocks per year] 1,296,000 per yr there after


let us know your feelings.. Smiley

And what are you thinking for the masternode rewards?
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March 31, 2016, 04:44:18 AM
 #1525

As we work on the PoS implementation that is still a few months away, We have been discussing some potential numbers for the Reward values for the PoS phase. We wanted to get everyones opinions, good or bad.. In the end this is a Community Driven Coin and thats the way we want it.

So here are some possible numbers, keep in mind that these are not in concrete, and are to stimulate some discussion. after a few days of discussion, if there are not any major issues i will post it for formal vote.

If for some reason you are not in favor, please explain why you feel this way.


PoS Phase 1: (50 DNET per block) Blocks 259201 - 777600 [518400 blocks per year] 25,920,000 DNET

PoS Phase 2: (25 DNET per block) Blocks 777601 - 1296000 [518400 blocks per year] 12,960,000 DNET

PoS Phase 3: (5 DNET per block) Blocks 1296001- 1814400 [518400 blocks per year] 2,592,000 DNET

PoS Phase 4: (2.5 DNET per block) Blocks 1814401 + [518400 blocks per year] 1,296,000 per yr there after


let us know your feelings.. Smiley

And what are you thinking for the masternode rewards?

The split between the masternodes and the staker would still be using the seesaw mechanism we had discussed before. The numbers for the split between stakers and masternodes are still being hashed out. Our intent is still to have masternodes be only slightly more profitable than staking on a per coin basis when the network is balanced properly between coins staking and locked up in masternodes. We are really just trying to see how everyone feels about the overall block rewards and coin production. Once we are switched over to PoS we can reduce inflation by lowering the rewards for each block. What we want to do is start a conversation about the pros and cons of such substantial rewards reductions.

Low power dedicated staking hardware, learn more at StakeBox.com
Raspberry Pi wallets at github.com/StakeBox
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March 31, 2016, 05:15:08 AM
 #1526

my wallet still out of sync  Sad
help me please
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March 31, 2016, 05:15:29 AM
 #1527

Will it have functionalities like InstantX and Darksend?


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March 31, 2016, 05:42:13 AM
 #1528

my wallet still out of sync  Sad
help me please
Hi what version of wallet are you running?


Thanks
Paul
s3v3nh4cks
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March 31, 2016, 06:14:17 AM
 #1529

Will it have functionalities like InstantX and Darksend?

Darknet already has these functions
danonthehill
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March 31, 2016, 06:52:59 AM
 #1530

As we work on the PoS implementation that is still a few months away, We have been discussing some potential numbers for the Reward values for the PoS phase. We wanted to get everyones opinions, good or bad.. In the end this is a Community Driven Coin and thats the way we want it.

So here are some possible numbers, keep in mind that these are not in concrete, and are to stimulate some discussion. after a few days of discussion, if there are not any major issues i will post it for formal vote.

If for some reason you are not in favor, please explain why you feel this way.


PoS Phase 1: (50 DNET per block) Blocks 259201 - 777600 [518400 blocks per year] 25,920,000 DNET

PoS Phase 2: (25 DNET per block) Blocks 777601 - 1296000 [518400 blocks per year] 12,960,000 DNET

PoS Phase 3: (5 DNET per block) Blocks 1296001- 1814400 [518400 blocks per year] 2,592,000 DNET

PoS Phase 4: (2.5 DNET per block) Blocks 1814401 + [518400 blocks per year] 1,296,000 per yr there after


let us know your feelings.. Smiley

And what are you thinking for the masternode rewards?

The split between the masternodes and the staker would still be using the seesaw mechanism we had discussed before. The numbers for the split between stakers and masternodes are still being hashed out. Our intent is still to have masternodes be only slightly more profitable than staking on a per coin basis when the network is balanced properly between coins staking and locked up in masternodes. We are really just trying to see how everyone feels about the overall block rewards and coin production. Once we are switched over to PoS we can reduce inflation by lowering the rewards for each block. What we want to do is start a conversation about the pros and cons of such substantial rewards reductions.

Masternode only slightly more profitable than staking? I wouldn't feel incentivized to run a masternode if that was the case.   

Fluctuations in price mean I could have accumulated more DNET this last month if I'd day-traded, as opposed to holding in a masternode.  If I was just staking in wallet because masternode was only slightly more profitable, that's exactly what I would have done:  traded and moved coins back & forth to wallet to stake, with less long term incentive to hold.

Setting up a masternode was a hassle, updating was a hassle, paying hosting invoices a hassle, not to mention the additional cost.  I am not going to be doing this for a slight and negligible profit in an uncertain market.

One of the features of this coin is it currently has a strong network 700+ masternodes and growing.  I see the strength of the network being a USP in the future.  Lots of coins have lots of POS participants, lots of coins don't have a 1000, maybe 2000+ masternodes.  It should be a priority to encourage and achieve this.
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March 31, 2016, 07:02:33 AM
 #1531

I also agree.....we need USP for this coin......there are many anon coins offering similar services. It would be a disaster if DNET is called just "another anon coin".


But again.. A anon feature is not really gonna boost much.
Why suddenly buy into this coin when other coins offer the same?

What we are going for is to become an accual currency, right?

This is not FUD this is just me asking relevant questions because I cant see the reason why people should buy into this coin other than because of the masternodes that can make you money.
But at some point there will be so many, or the value of the coin has dropped too much for it to be worth have running.

That is what I can see is going to happen.
This is my opinion, not facts.

Does anyone here have some points to make so I get a better understanding of the plan of this coin, or if its just a profit run.

MoozicoreWORLDS FIRST MUSIC STREAMING SERVICE ON BLOCKCHAIN
 
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March 31, 2016, 08:10:46 AM
 #1532

DASH currently has 6.33 million coin supply with ~3400 masternodes.
You need 1k DASH per MN so it has approx. 54% locked down as MN.

DNET currently has 20.71 million coin supply with ~730 masternodes.
You need 10k DNET per MN so it has approx. 35% locked down as MN.

That's some feat considering DNET was only launched 2 months ago.
USP will come according to devs so we'll just have to wait and see.
Creating infra takes time. Definitely needs more helping hands...

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March 31, 2016, 08:29:11 AM
 #1533

DASH currently has 6.33 million coin supply with ~3400 masternodes.
You need 1k DASH per MN so it has approx. 54% locked down as MN.

DNET currently has 20.71 million coin supply with ~730 masternodes.
You need 10k DNET per MN so it has approx. 35% locked down as MN.

That's some feat considering DNET was only launched 2 months ago.
USP will come according to devs so we'll just have to wait and see.
Creating infra takes time. Definitely needs more helping hands...

That was my point. If masternode payments are only slightly better than staking, number of masternodes will decrease.  This strength of the network will be considered as a part of the USP when it comes to the consideration of exchanges like Poloniex.  Therefore encouragement of masternodes needs to be a priority.
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March 31, 2016, 09:02:09 AM
 #1534

my wallet still out of sync  Sad
help me please
Hi what version of wallet are you running?


Thanks
Paul


v1.0.2.1-dbfed2b (32-bit)
kokokoin
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March 31, 2016, 09:43:10 AM
 #1535

PoS Phase 1: (50 DNET per block) Blocks 259201 - 777600 [518400 blocks per year] 25,920,000 DNET

PoS Phase 2: (25 DNET per block) Blocks 777601 - 1296000 [518400 blocks per year] 12,960,000 DNET

PoS Phase 3: (5 DNET per block) Blocks 1296001- 1814400 [518400 blocks per year] 2,592,000 DNET

PoS Phase 4: (2.5 DNET per block) Blocks 1814401 + [518400 blocks per year] 1,296,000 per yr there after


I like this reward curve. Significant supply reduction is needed.
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March 31, 2016, 10:06:15 AM
 #1536

DASH currently has 6.33 million coin supply with ~3400 masternodes.
You need 1k DASH per MN so it has approx. 54% locked down as MN.

DNET currently has 20.71 million coin supply with ~730 masternodes.
You need 10k DNET per MN so it has approx. 35% locked down as MN.

That's some feat considering DNET was only launched 2 months ago.
USP will come according to devs so we'll just have to wait and see.
Creating infra takes time. Definitely needs more helping hands...

That was my point. If masternode payments are only slightly better than staking, number of masternodes will decrease.  This strength of the network will be considered as a part of the USP when it comes to the consideration of exchanges like Poloniex.  Therefore encouragement of masternodes needs to be a priority.

Agreed I would just stake if it was only slightly more payments as the extra costs and hastle for hosting a masternode wouldn't be worth it.
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March 31, 2016, 11:18:47 AM
 #1537

Well... Once DNET goes to PoS pahse....

Staking ensures validity of the blockchain = VERY important.
Masternodes provide anon/budget porposal = LESS important than above.

Masternode is definitely more time/resource/money consuming to run.
However, it also allows you to submit budget proposals & make votes.
So that is an extra benefit that you get along with payments as a reward.

Last thing we want is everyone setting up MN's due to significantly larger profit than staking.
That means the actual network will be very vulnerable due to not enough staking going on.

Like all things in crypto, things can be improved after starting with a clone.
Decentralization is key. How to achieve that most effectively is the question.

Most major coins provided technical innovations to crypto. (BTC, BC, DRK(aka DASH), ETH etc)
I hope DNET can do the same later on.

Now... I'm curious... What PoS system does DNET use?
(Standard coin age, Blackcoin's PoS V2 or something else?)

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March 31, 2016, 12:14:05 PM
 #1538



Last thing we want is everyone setting up MN's due to significantly larger profit than staking.
That means the actual network will be very vulnerable due to not enough staking going on.




How does staking interest/masternode payouts compare with DASH? Seems like they have incentivized masternodes quite well, but they have larger cost barrier to setting up a masternode.  How do we replicate and improve on this with low market cap, possibly transitioning into larger market cap?

Perhaps larger collateral requirements could also be considered. Or maybe addition of supernodes, if necessary to achieve the anon "air gap" would have higher requirements with higher payout. As the POS schedule is long term, if supernodes are likely requirement to achieve true anon then maybe this should be considered and factored in to long term schedule.
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March 31, 2016, 12:51:23 PM
 #1539

How does staking interest/masternode payouts compare with DASH? Seems like they have incentivized masternodes quite well, but they have larger cost barrier to setting up a masternode.  How do we replicate and improve on this with low market cap, possibly transitioning into larger market cap?

Perhaps larger collateral requirements could also be considered. Or maybe addition of supernodes, if necessary to achieve the anon "air gap" would have higher requirements with higher payout. As the POS schedule is long term, if supernodes are likely requirement to achieve true anon then maybe this should be considered and factored in to long term schedule.

DASH per PoW block:
- 45% goes to masternodes
- 45% goes to miners
- 10% goes to decentralised budget system

1000 DASH is needed per MN meaning 16.4 BTC is needed right now to create 1 MN!
Right now, less than 0.1 BTC is needed to create 1 DNET MN. Pretty cheap I'll say. Wink

As for your other questions... Big portion is up to the devs making DNET code more unique I guess.
Followed by creation of better infrastructure (web sites, wallet UI/UX etc) and market it really well.

Supernodes is a possibility and is something which I think s3v3nhacks already mentioned already?
Not sure if that is still the method that will be used as it could result in less decentralization.

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March 31, 2016, 12:58:49 PM
 #1540

my wallet still out of sync  Sad
help me please

Add coin-server.com as an addnode in your conf

addnode=coin-server.com:51472

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