[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[humanitee]

What happens when max coins is reached?

We actually never will reach max coins, since the decline is 7% a year, it goes on forever.

So my grand kids grand kids can inherit my DRK estate? Do I have to place it in escrow for them until they turn 188?

I hear Mars has no capital gains tax! 

[1715555731]

1715555731

[coins101]

What happens when max coins is reached?

"We actually never will reach max coins, since the decline is 7% a year, it goes on forever."

I'm up for a few nodes.

My question, I suppose is to do with block rewards diminishing as you approach max coins, while the number of nodes goes up. Smaller rewards are split amongst greater numbers?

you maybe able to tell, I'm angling for as much in fees from DarkSend as possible. I would sell my rental to buy some rack space - buy more DRK, earn money from block rewards and darksend transaction fees.

[tifozi]

I am not sure of this.....

A few posts ago we were talking about obfuscated IPs and adding a stronger layer of anonymity. Why would one want to run servers with known IP addresses especially if there are other kind of ramifications besides denial/service poisoning?

I think you're missing a core concept, the master nodes are just what does the mixing and they get paid for it. They don't actually have any money in the pool anymore. Sorry things are changing really fast, I need to update the whitepaper.

Nevermind, I understood. Will wait for the whitepaper updates too. Thanks.

[InternetApe]

What happens when max coins is reached?

"We actually never will reach max coins, since the decline is 7% a year, it goes on forever."

I'm up for a few nodes.

My question, I suppose is to do with block rewards diminishing as you approach max coins, while the number of nodes goes up. Smaller rewards are split amongst greater numbers?

you maybe able to tell, I'm angling for as much in fees from DarkSend as possible. I would sell my rental to buy some rack space - buy more DRK, earn money from block rewards and darksend transaction fees.

Yes the reward goes down, but the price per DRK will go up.

[eltito]

I have asked before, but:

* Can DarkSend be the default payment option, with Darkcoin as the tick box option? For the average person, using darksend should be the norm. Those that want cheaper payment tools can opt out. People that use Darksend would be technical, but as things move on ordinary people would just expect anonymity from the word go.

+1, I've also asked for this before - but I could swear Evan changed it to default to DarkSend in an earlier beta client.  Perhaps a simple oversight on the latest client?

I also think it would be helpful to have an opt-out confirmation dialogue before the (clear net) send is actually made.  Evan indicated that it was possible to do in the client.

[AlexGR]

What happens when max coins is reached?

"We actually never will reach max coins, since the decline is 7% a year, it goes on forever."

Up to how many digits is the block reward capable of handling? I mean if it's like 0.0000000000000000000000000000000000000165 DRK block reward and you have to divide that to a further 1000 nodes, and the float variable precision is up to a point that it can't handle it, perhaps it'll simply return a zero. I have no idea by what year we'll reach that number though

[eduffield]

My question, I suppose is to do with block rewards diminishing as you approach max coins, while the number of nodes goes up. Smaller rewards are split amongst greater numbers?

Correct

[eduffield]

What happens when max coins is reached?

"We actually never will reach max coins, since the decline is 7% a year, it goes on forever."

Up to how many digits is the block reward capable of handling? I mean if it's like 0.0000000000000000000000000000000000000165 DRK block reward and you have to divide that to a further 1000 nodes, and the float variable precision is up to a point that it can't handle it, perhaps it'll simply return a zero. I have no idea by what year we'll reach that number though

Heh, yeah I calculated it and we'll be at about a 2.2 duff (satoshi, saroshi? what did we pick?) in 300+ years.

[InternetApe]

I have asked before, but:

* Can DarkSend be the default payment option, with Darkcoin as the tick box option? For the average person, using darksend should be the norm. Those that want cheaper payment tools can opt out. People that use Darksend would be technical, but as things move on ordinary people would just expect anonymity from the word go.

+1, I've also asked for this before - but I could swear Evan changed it to default to DarkSend in an earlier beta client.  Perhaps a simple oversight on the latest client?

I also think it would be helpful to have an opt-out confirmation dialogue before the send is actually made.  Evan indicated that it was possible to do in the client.

 Yea in the Beta its checked by default. I would like to beable to set an option in the conf file saying if I want it as default or not.

[coins101]

Thanks InternetApe.

[mahowi]

And another dead coin before it even started: [ANN][RND] RandomCoin -Random Dif every hour- [NO Premine][Exchange ready]
Dev wanted to release a X11 coin but disappeared before launch.

[coins101]

And another dead coin before it even started: [ANN][RND] RandomCoin -Random Dif every hour- [NO Premine][Exchange ready]
Dev wanted to release a X11 coin but disappeared before launch.

Well, that was random.

[anonymousxx1503]

What happens when max coins is reached?

"We actually never will reach max coins, since the decline is 7% a year, it goes on forever."

Up to how many digits is the block reward capable of handling? I mean if it's like 0.0000000000000000000000000000000000000165 DRK block reward and you have to divide that to a further 1000 nodes, and the float variable precision is up to a point that it can't handle it, perhaps it'll simply return a zero. I have no idea by what year we'll reach that number though

Heh, yeah I calculated it and we'll be at about a 2.2 duff (satoshi, saroshi? what did we pick?) in 300+ years.

Oh did I miss the part where we were picking names for the lowest possible value of darkcoin?

Unfortunately your name isn't a cool japanese name but I think we can make something work Evan-San

Evoshis or Duffields or something. Datoshis. Who knows. It all sounds kind of weird.

[PenguinsDancing]

I admit I'm a bit out of my technological depth here so this may be an obvious question but does a master node maintain anonymity?

A follow-up question if the answer is 'no': Could there be grounds for the prosecution of a master node operator for money laundering?

[luke997]

Evan, what about this?

I think it would be good to tie the investment requirement to the price - when the coin is more popular, needs more nodes for the security - with the higher price it might limit amount of nodes.

Assuming the difficulty is somewhat related to the price (albeit being skewed a little bit now) - why not make the investment requirement tied to the difficulty level.
This way the node reward should always self regulate and always attract nodes - no matter the coin price.

[fearcoka]

Im ready to invest

[humanitee]

I admit I'm a bit out of my technological depth here so this may be an obvious question but does a master node maintain anonymity?

A follow-up question if the answer is 'no': Could there be grounds for the prosecution of a master node operator for money laundering?

Behind TOR, yes.

As for your second question, mixing coins is not money laundering as far as I know, it's a privacy tool.

edit:

Found this: https://en.bitcoin.it/wiki/Anonymity\

Legality
Obviously, using Bitcoin anonymity techniques for the purposes of money laundering is illegal, but participating or running schemes which others use for money laundering may also be illegal or at least leave the participant vulnerable to accusations of aiding criminals and terrorists. Bitcoin anonymity techniques involving bitcoins worth large amounts of money (over some value between FJ$1,100 and US$58,000, depending on your jurisdiction) is illegal in most jurisdictions, being in violation of anti-structuring laws.


double edit:
Going by this: http://uknowledge.uky.edu/cgi/viewcontent.cgi?article=1027&context=law_facpub

1) You would have to provide the service knowing that the other party was structuring/laundering (you wouldn't).
2) They would have to be able to prove through tracing many DarkSends that those parties even owned the coins. Next to impossible unless sybil attack somehow happens on a wide scale (highly unlikely from what I've read by Evan).
3) Most of those sections have to do with a user declaring their own money or a receiving business declaring the money, both of which would not apply to a master node.

[blajde]

Can someone give me a number crunch on how much a 1000DRK masternode will generate in current value hard cash indebt dollars / block?

[AlexGR]

Oh did I miss the part where we were picking names for the lowest possible value of darkcoin?

You did...

Unfortunately your name isn't a cool japanese name but I think we can make something work Evan-San

Evoshis or Duffields or something. Datoshis. Who knows. It all sounds kind of weird.

Perhaps a small bounty prize like 10 DRKs could be given for the best idea / proposal for the name of the unit. It is, in a way, part of the marketing package as the names are part of the coin's brand and image. But if something like that goes forward, proposals should be kept outside of the thread as to keep noise levels down (submitted to someone through pm/email or something and then members get to see the end list of 50 proposals).

Personally I'd try to find latin words related to darkness that also sound cool. I've also thought about the moon* - like 1 luna / 500 lunas etc.

* To the moooooon

Can someone give me a number crunch on how much a 1000DRK masternode will generate in current value hard cash indebt dollars / block?

There are no set parameters yet on the mining fees, the DRK requirements for a node etc.

[PenguinsDancing]

I admit I'm a bit out of my technological depth here so this may be an obvious question but does a master node maintain anonymity?

A follow-up question if the answer is 'no': Could there be grounds for the prosecution of a master node operator for money laundering?

Behind TOR, yes.

As for your second question, mixing coins is not money laundering as far as I know, it's a privacy tool.

Ah ok, thanks. If the first question is resolved, the second doesn't really matter.

I was imagining that the issue could be with a legal system (in any country) defining "coin-mixing" as a money laundering tool. The master node operator is obscuring the transfer of money from one place to another. I'm not sure that saying "you can't prove that illegal money passed through my node" will convince a judge.