[ANN] Denarius [D] - First "Tribus" PoW/PoS Hybrid Masternodes, Ring Sigs

[HardBlockMiner]

I was also surprised that within the DNR ecosystem that there is a battle between miners and stakers!

It's quite an engaging and fun time within DNR.

Honestly, I don't get your ideas.
What are battles between miners and stakers? 

It wasn't so much of a battle but a well crafted reward system that was designed to allow the community to prevent attacks like the one DNR was experiencing.  When new technology comes out and it allows a small handful of miners to get huge rewards it isn't good for the coin, the POS allowed the existing holders to reduce the number of POW blocks by increasing the amount of DNR staked making it less profitable for the guys who bought expensive FPGA's. 

[Bealybeal]

Yea its quite interseting. The DNR community all rallied together and took on with the FPGA miners with the POS idea, now the FPGA miners are currently mining less than half what they used to thanks to everyone. DNR has a very bright future ahead of it and can see it valued in the 10's of dollars in the short term, in the 100's of dollars mid term and the long term the possibility is endless.

Very clever move indeed, so good to see a community standing united against FGPA. I was actually mining DNR with GPU before this. Is GPU mining going to die? In any case, last year was much much better.

I tried mining on my amd card a week back with no luck what so ever. It has become very difficult to mine on hardware with the advent of those FPGA's.

Since then I have received two stakes from my very small DNR stack! 

[cryptonewzealand]

Yea its quite interseting. The DNR community all rallied together and took on with the FPGA miners with the POS idea, now the FPGA miners are currently mining less than half what they used to thanks to everyone. DNR has a very bright future ahead of it and can see it valued in the 10's of dollars in the short term, in the 100's of dollars mid term and the long term the possibility is endless.

Couldn't agree more. Looking at previous highs at the most recent bull trend I put my target for DNR in 2019 at ~$115. This may be pushed back by 6-9 months depending on the ETF situation - I think this will ring in an earlier bull.

[HardBlockMiner]

Yea its quite interseting. The DNR community all rallied together and took on with the FPGA miners with the POS idea, now the FPGA miners are currently mining less than half what they used to thanks to everyone. DNR has a very bright future ahead of it and can see it valued in the 10's of dollars in the short term, in the 100's of dollars mid term and the long term the possibility is endless.

Couldn't agree more. Looking at previous highs at the most recent bull trend I put my target for DNR in 2019 at ~$115. This may be pushed back by 6-9 months depending on the ETF situation - I think this will ring in an earlier bull.

I'd love to see $115 DNR.  I think with POS stopping the FPGA's there's room for price growth again.  Having someone with that much control over supply was bad for the price, but it seems to be a lot more balanced now and the price stabilizing and even creeping up is showing that.

[Bealybeal]

Yea its quite interseting. The DNR community all rallied together and took on with the FPGA miners with the POS idea, now the FPGA miners are currently mining less than half what they used to thanks to everyone. DNR has a very bright future ahead of it and can see it valued in the 10's of dollars in the short term, in the 100's of dollars mid term and the long term the possibility is endless.

Couldn't agree more. Looking at previous highs at the most recent bull trend I put my target for DNR in 2019 at ~$115. This may be pushed back by 6-9 months depending on the ETF situation - I think this will ring in an earlier bull.

I'd love to see $115 DNR.  I think with POS stopping the FPGA's there's room for price growth again.  Having someone with that much control over supply was bad for the price, but it seems to be a lot more balanced now and the price stabilizing and even creeping up is showing that.

That'd some huge growth! DNR is a fully featured coin so I could see it happening maybe. I am optimistic.

[Zer0Sum]

Someone posted a really nice staking guide for Denarius and we made it to the frontpage on Reddit!

https://www.reddit.com/r/CryptoCurrency/comments/8x9xu3/how_to_build_a_cryptocurrency_proofofstake_mining/

 

That guide is a beast, and it even has how to use the 500 address staking technique.  

Is this a parody?

What kind of pinhead would stake a 6% coin which is basically a rounding error in crypto?

So the 500 address thing "increases staking" but no further information? What fun.
If so, then this is a straight up scam in the DNR code and needs to be exposed.

Splitting your coins in a wallet increases the amount of matured transactions that are available to stake - so more stake blocks will be generated. The only advantage to this is as a result of creating more stake blocks, you collect transaction fees for each blocks. The increase is absolutely minimal and does not create any extra PoS income - the total generated amount is still 6% of the staked coins - if you only had 100 coins, you might increase your profit by a few percent just be adding transaction fees over the course of a year's worth of stake blocks.

It may be worth mentioning, the technique works on any PoS coin, it's not something specific to Denarius.

Thanks for your answer.

I've owned quite a few hi-yield coins in the 30-800% range and have found it to be the opposite...
Where tiny blocks take forever to stake and inputs have to be combined into bigger blocks.

The idea that you could increase returns by creating infinite blocks is very dangerous...
It's the kind of thing a botnet would exploit in an automated way...
But that's not going on here so OK... whatever that Steemit 500 address "strategy".

Anyway, I don't see what all the drama is about at 6% or about $100K/year...
There are 100s of coins hyper-inflating at 30% and up... most masternode coins, in fact

[gratiolex]

DNR and community are really good in such difficult times for crypto market.

[HardBlockMiner]

Someone posted a really nice staking guide for Denarius and we made it to the frontpage on Reddit!

https://www.reddit.com/r/CryptoCurrency/comments/8x9xu3/how_to_build_a_cryptocurrency_proofofstake_mining/

 

That guide is a beast, and it even has how to use the 500 address staking technique.  

Is this a parody?

What kind of pinhead would stake a 6% coin which is basically a rounding error in crypto?

So the 500 address thing "increases staking" but no further information? What fun.
If so, then this is a straight up scam in the DNR code and needs to be exposed.

Splitting your coins in a wallet increases the amount of matured transactions that are available to stake - so more stake blocks will be generated. The only advantage to this is as a result of creating more stake blocks, you collect transaction fees for each blocks. The increase is absolutely minimal and does not create any extra PoS income - the total generated amount is still 6% of the staked coins - if you only had 100 coins, you might increase your profit by a few percent just be adding transaction fees over the course of a year's worth of stake blocks.

It may be worth mentioning, the technique works on any PoS coin, it's not something specific to Denarius.

Thanks for your answer.

I've owned quite a few hi-yield coins in the 30-800% range and have found it to be the opposite...
Where tiny blocks take forever to stake and inputs have to be combined into bigger blocks.

The idea that you could increase returns by creating infinite blocks is very dangerous...
It's the kind of thing a botnet would exploit in an automated way...
But that's not going on here so OK... whatever that Steemit 500 address "strategy".

Anyway, I don't see what all the drama is about at 6% or about $100K/year...
There are 100s of coins hyper-inflating at 30% and up... most masternode coins, in fact

The inflation rate on DNR is one of the things that drew me in too.  With the low inflation rate it should keep it working as a store of value for sure and with all the goodies being added it's a great project that isn't just a store of value.

[jimlite]

Only btc is a worldwide store of value. Alts need a use.

[FacelessCrypto]

Use of Cryptos can happen in large form only after an event where something largely abnormal in economic world

[buzzkillb]

Only btc is a worldwide store of value. Alts need a use.

There should be room for more than just bitcoin. Store of value and transaction use would be very be your own bank like. The potential for DNR to standout in the sea of alts is still pretty good. This is basically a POS coin with a fair POW rewards distribution to spread out the initial coin. POW being a few years instead of a week or a few months was really smart.

[sacombank]

Only btc is a worldwide store of value. Alts need a use.

Altcoins will make cryptocurrency but bitcoin original is gold currency ,  bitcoin  price will higher and higher ,denarius price keep following .

[sacombank]

I saw Denarius on sonox.io and  i think we need more community power to win vote .

Everyone  just access sonox.io and vote Denarius ,  not sign up ,just click vote everyday.

[HardBlockMiner]

I saw Denarius on sonox.io and  i think we need more community power to win vote .

Everyone  just access sonox.io and vote Denarius ,  not sign up ,just click vote everyday.

Thanks.  I voted and I'll try to remember to hit it every day.

[Madubadu]

1. the developer has long left the project.
2. Problems with masternodes. no one is going to fix the rewards.
How can you like this project when the coin does not develop?

[buzzkillb]

1. the developer has long left the project.
2. Problems with masternodes. no one is going to fix the rewards.
How can you like this project when the coin does not develop?

Sadly this is true. Tricky as devs went full steam on this for many months and now its at a standstill.

edit: To be clear I am not selling what I have accumulated. This is a multiple year hold. Your #1 is most likely more dire than the way I originally read this.

[cryptonewzealand]

1. the developer has long left the project.
2. Problems with masternodes. no one is going to fix the rewards.
How can you like this project when the coin does not develop?

Sadly this is true. Tricky as devs went full steam on this for many months and now its at a standstill.

I'm confused. Are you talking about DNR? Carsen is still on board, or am I wrong?

[gratiolex]

1. the developer has long left the project.
2. Problems with masternodes. no one is going to fix the rewards.
How can you like this project when the coin does not develop?

Sadly this is true. Tricky as devs went full steam on this for many months and now its at a standstill.

Sadly that you try to trick people because both devs: enkayz and carsenk are online in discord for now, moreover: https://bitcointalk.org/index.php?action=profile;u=860708 Last Active:   August 04, 2018, 05:58:37 AM.

The question - Why did you do this? Portraying a dialogue with https://bitcointalk.org/index.php?action=profile;u=2332754
Date Registered:   August 07, 2018, 05:01:56 PM
Last Active:   August 07, 2018, 05:08:20 PM
Which was registered for a single post in this thread and was online for 6.5 min.

[cryptonewzealand]

1. the developer has long left the project.
2. Problems with masternodes. no one is going to fix the rewards.
How can you like this project when the coin does not develop?

Sadly this is true. Tricky as devs went full steam on this for many months and now its at a standstill.

Sadly that you try to trick people because both devs: enkayz and carsenk are online in discord for now, moreover: https://bitcointalk.org/index.php?action=profile;u=860708 Last Active:   August 04, 2018, 05:58:37 AM.

The question - Why did you do this? Portraying a dialogue with https://bitcointalk.org/index.php?action=profile;u=2332754
Date Registered:   August 07, 2018, 05:01:56 PM
Last Active:   August 07, 2018, 05:08:20 PM
Which was registered for a single post in this thread and was online for 6.5 min.

That's right. I think there has been a misunderstanding. Denarius team and community still very active.

[bitwookie]

Of course Carsen is around! He wont be leaving DNR, he, myself and others know exactly whats in store for DNR in the near future. We will be close to the half way point of POW in a few months then give it another 6 months and we see DNR start to really shine