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

[TanteStefana]

No man!! Sorry, quoting went wrong!! I meant coins101 is the troll !! Edited my post - its a terrible horrible stupid idea that totally defeats DRK's purpose.

Just cashed out of a little cloud mining I had on the side, and gobbled up another 350 DRK's.

Just so you know, Coins101 has been one of the communities biggest supporters and active members.  S/he has done a lot for us and I really think your attack was out of line.  Please be nicer, even if you don't agree with an idea, it's just an idea that probably needs fleshing out.  But I can see some great possibilities in what s/he said.

If people cant throw out ideas without being called a troll, then we're never going to grow. 

[raze182]

I visited the land of coins last night.  Unfortunately I left my camera and my drawing ability is that of a 3 year old.  

[kaene]

is the 1000drk requirement already fixed or still open for discussion?

I think 1000 could be too much especially as we'll hit 10$ per coin soon

Not open for discussion I believe.  The idea was to make the amount a barrier to entry to dissuade newbies from setting up nodes because the nodes require good security/ddos protection.

yeah I know, but it also helps to secure the network if there are a lot of nodes!

Already discussed. But if you want to buy 1k DRK, now is the time.

Unless I missed an update at some point, the intent is to periodically reevaluate the layout for a masternode as the value of the coin goes up or down.

No I think someone proposed to link the masternode's cost to the difficulty, so that this cost becomes a negative function of the difficulty. But that was just an idea.

Problem with a variable requirement would be that maybe I have a masternode now and after 10 minutes it's not a masternode anymore.

I think 1k DRK currently is the right amount, but once 1DRK > $10 it's going to be a little bit costy to run a few masternodes.

Long term a vote system that allows people to vote the minimum amount and it changes every few weeks, not often, could be an amazing way to go, and in order to vote probably should be by solving blocks.

[TanteStefana]

The 2 pumps we saw in a week were relatively similar, same amount of btc's and same top. There hasn't been much action in the past month relative to prices... Is there something brewing?

I think everyone is trying to read something into every bit of movement.  I think that with RC1, people started to realize they better buy.  If you look at EVERY day's prices, they ALWAYS drop between the hours of 10AM and 3PM Pacific time (my time, so 18:00 to 24:00 hours GMT)  So after enthusiasm of the "morning" my time, there is a drop in trading, which causes people to drop their prices.  It's like clockwork, seriously.  So sometimes after a big gain, there is a big loss, which makes people think something is going on.  I think it's just that those are the hours, for some reason, that people aren't buying.  And that's all it is.

[TanteStefana]

Buying 13 BTC worth of DRK tonight to allow me to enter the DRK rich list top 10. The future is now.

Can I have some btc?  LOL.  I'm jealous, but I'll get over it

[Kartoff]

Just bought some DRK I have more than 10k now... So happy 

[TanteStefana]

I found some interesting commentary about X11 in the dogecoin subreddit:

http://www.reddit.com/r/dogecoin/comments/23fk2i/very_long_very_serious_development_summary_week/

Sigh what a pity.  Both Doge and Litecoin are embracing ASICS. And the centralisation of mining power to people who need to turn a profit quickly just to keep mining. It's really sad actually. Even if they make it through arrival of the titan and whatever comes next what made them a community to begin with is gone - everyone mined a few doge with readily available tech around the world and thereby understood how it all works.

Been actively pushing for Doge to go X11 or at the very least anything other than ASICS.

Would be great for both Doge and Dark I believe.

Yep exactly.  Embracing ASICs is the worst possible move DOGE can make.  DOGE is supposed to be a fun, newbie friendly, tipping coin - specifically targeted at people that are new to crypto and excited at the chance to mine a few thousand coins on their laptops and gaming gpus.  All these people over on /r/dogecoin spreading fear about a simple hard fork are either retarded/uninformed or are invested heavily into ASICs (more likely the ladder).  Oh well, in the end it will probably be great for DRK, because there will be throngs of GPU miners looking for somewhere to go, and this will coincide with the dead heat of the summer in the northern hemisphere (making x11 the obvious winner).  More DRK miners = lower supply = higher DRK price.  I started mining DOGE on day 1 and really like their community so it is kinda bitter sweet tbh. :/

Don't forget, if ASICs continue to be successful (sales) then we too will face them eventually.  Evan always considered that as part of the plan.  His intent was simply to give Darkcoin (Xcoin at the time) time to grow first.  But the plan was always to mimic the growth of bitcoin as much as possible.

[TanteStefana]

is the 1000drk requirement already fixed or still open for discussion?

I think 1000 could be too much especially as we'll hit 10$ per coin soon

it's really there to keep entities with a lot of money from easily grabbing up more than 50% of the network, to make it too expensive. 

[salmion]

I found some interesting commentary about X11 in the dogecoin subreddit:

http://www.reddit.com/r/dogecoin/comments/23fk2i/very_long_very_serious_development_summary_week/

Sigh what a pity.  Both Doge and Litecoin are embracing ASICS. And the centralisation of mining power to people who need to turn a profit quickly just to keep mining. It's really sad actually. Even if they make it through arrival of the titan and whatever comes next what made them a community to begin with is gone - everyone mined a few doge with readily available tech around the world and thereby understood how it all works.

Been actively pushing for Doge to go X11 or at the very least anything other than ASICS.

Would be great for both Doge and Dark I believe.

Yep exactly.  Embracing ASICs is the worst possible move DOGE can make.  DOGE is supposed to be a fun, newbie friendly, tipping coin - specifically targeted at people that are new to crypto and excited at the chance to mine a few thousand coins on their laptops and gaming gpus.  All these people over on /r/dogecoin spreading fear about a simple hard fork are either retarded/uninformed or are invested heavily into ASICs (more likely the ladder).  Oh well, in the end it will probably be great for DRK, because there will be throngs of GPU miners looking for somewhere to go, and this will coincide with the dead heat of the summer in the northern hemisphere (making x11 the obvious winner).  More DRK miners = lower supply = higher DRK price.  I started mining DOGE on day 1 and really like their community so it is kinda bitter sweet tbh. :/

Don't forget, if ASICs continue to be successful (sales) then we too will face them eventually.  Evan always considered that as part of the plan.  His intent was simply to give Darkcoin (Xcoin at the time) time to grow first.  But the plan was always to mimic the growth of bitcoin as much as possible.

I know X11 merely delays ASICS, it's not ASIC proof but it allows for a more gentle transition than what I fear is coming for Scrypt coins

[TanteStefana]

I said fk it and purchased 5btcs worth just now now at 1800

I purchased some too at this level. Let's hope it will be a good long-term investment.

Yeah I bit again at 0.00175, didn't see <0.00160 coming anytime soon.  

Don't feel too bad, I bought at over 16 over a month ago, two?  When was it 16?  LOL, in fact, I bought 3 times, and sure not a lot, but I don't have much money, so for me it was a lot.  But even to this day, I really don't think much about it, because I see the price being worth so much more.  You can never really hit the bottom, or the top.  Just try to do well, and if you feel like Darkcoin will be useful for you, hold on to some.  I suspect it might actually come in handy when my daughter is away at school again.  Banks charge so much to transfer funds and she always forgets to ask us for funds before rent is due, LOL

[TanteStefana]

Still going to say MORE MASTERNODES please. The network should stand out making it impossible to duplicate down the road for any cloners.

My 10 masternodes are prepared but the binary client does not run on debian.
Please someone create some good static linked rc1 binary which works on debian too.

I'll do that for RC2

Evan, is there someone you can trust to build Mac wallets for the next release as well?  That would make a lot of people happy

[TanteStefana]

electrum wallet! Doesn't store the blockchain locally. Plus excellent password seed system. Runs on anything with python, ie just about everything.

https://electrum.org/

Sounds great, but I don't like using a 3rd party... I'll look into it thought, thanks again

[hyeoam]

Charts here: http://crypto-prices.com/DRK

[Minotaur26]

I found some interesting commentary about X11 in the dogecoin subreddit:

http://www.reddit.com/r/dogecoin/comments/23fk2i/very_long_very_serious_development_summary_week/

Sigh what a pity.  Both Doge and Litecoin are embracing ASICS. And the centralisation of mining power to people who need to turn a profit quickly just to keep mining. It's really sad actually. Even if they make it through arrival of the titan and whatever comes next what made them a community to begin with is gone - everyone mined a few doge with readily available tech around the world and thereby understood how it all works.

Been actively pushing for Doge to go X11 or at the very least anything other than ASICS.

Would be great for both Doge and Dark I believe.

Yep exactly.  Embracing ASICs is the worst possible move DOGE can make.  DOGE is supposed to be a fun, newbie friendly, tipping coin - specifically targeted at people that are new to crypto and excited at the chance to mine a few thousand coins on their laptops and gaming gpus.  All these people over on /r/dogecoin spreading fear about a simple hard fork are either retarded/uninformed or are invested heavily into ASICs (more likely the ladder).  Oh well, in the end it will probably be great for DRK, because there will be throngs of GPU miners looking for somewhere to go, and this will coincide with the dead heat of the summer in the northern hemisphere (making x11 the obvious winner).  More DRK miners = lower supply = higher DRK price.  I started mining DOGE on day 1 and really like their community so it is kinda bitter sweet tbh. :/

Don't forget, if ASICs continue to be successful (sales) then we too will face them eventually.  Evan always considered that as part of the plan.  His intent was simply to give Darkcoin (Xcoin at the time) time to grow first.  But the plan was always to mimic the growth of bitcoin as much as possible.

I know X11 merely delays ASICS, it's not ASIC proof but it allows for a more gentle transition than what I fear is coming for Scrypt coins

Plus, when ASICS for BTC were introduced, it already had a market cap in the billions, and that is where DRK should be when x11 ASICS are a reality, Scrypt coins are not prepared for such a change IMHO.

[TanteStefana]

I visited the land of coins last night.  Unfortunately I left my camera and my drawing ability is that of a 3 year old.  

LOL, who is the little red guy on the top right?

[thelonecrouton]

I know X11 merely delays ASICS, it's not ASIC proof but it allows for a more gentle transition than what I fear is coming for Scrypt coins

Any competent dev can make a small change to the software and roll out a client update about a million times faster than any ASIC manufacturer can design, test and bring to market their newest ten thousand dollar doorstop.

Which the LTC and DOGE devs understand full well, they are just deluding themselves that their KNC pre-orders will ever pay off when they finally arrive. You can have all the hashpower you like, if the realistic barrier to entry is five figures, you'll be churning out coins that nobody else cares about any more. I wish the idiots luck.

[TanteStefana]

Problem with a variable requirement would be that maybe I have a masternode now and after 10 minutes it's not a masternode anymore.

I think 1k DRK currently is the right amount, but once 1DRK > $10 it's going to be a little bit costy to run a few masternodes.

Long term a vote system that allows people to vote the minimum amount and it changes every few weeks, not often, could be an amazing way to go, and in order to vote probably should be by solving blocks.

I'm sorry but voting is a bad idea, we've seen how it messes everything up and causes havoc.  I would say the developers need to make that decision based on facts and how things are going.  If there aren't enough masternodes, they need to lower the amount based on critical thinking.

[thelonecrouton]

I visited the land of coins last night.  Unfortunately I left my camera and my drawing ability is that of a 3 year old.  

Don't bring a sword to a gun fight. 

[kaene]

Problem with a variable requirement would be that maybe I have a masternode now and after 10 minutes it's not a masternode anymore.

I think 1k DRK currently is the right amount, but once 1DRK > $10 it's going to be a little bit costy to run a few masternodes.

Long term a vote system that allows people to vote the minimum amount and it changes every few weeks, not often, could be an amazing way to go, and in order to vote probably should be by solving blocks.

I'm sorry but voting is a bad idea, we've seen how it messes everything up and causes havoc.  I would say the developers need to make that decision based on facts and how things are going.  If there aren't enough masternodes, they need to lower the amount based on critical thinking.

I understand your concern, but at some point, once the main work is done, the dev should not take decisions that modify important aspects of the coin (I'm talking really long term), the dev team should be there just to improve or fix bugs.

Now, I'm not talking about one vote in a forum or something, but within the coin, something similar to what HVC does to select the reward. Miners submit their vote, every time a block is solved the network will use its vote, and every some time (I think it's about 2 weeks with HVC) the network will update the block reward. This allows miners (who together with the holders and/or masternodes are who really support the coin and the network) to decide, in DarkCoin's case maybe both miners and masternodes could vote...

[eduffield]

Problem with a variable requirement would be that maybe I have a masternode now and after 10 minutes it's not a masternode anymore.

I think 1k DRK currently is the right amount, but once 1DRK > $10 it's going to be a little bit costy to run a few masternodes.

Long term a vote system that allows people to vote the minimum amount and it changes every few weeks, not often, could be an amazing way to go, and in order to vote probably should be by solving blocks.

I'm sorry but voting is a bad idea, we've seen how it messes everything up and causes havoc.  I would say the developers need to make that decision based on facts and how things are going.  If there aren't enough masternodes, they need to lower the amount based on critical thinking.

Masternode requirements are going to be 1000DRK forever, for the following reasons:

- We need a bunch of masternodes, but more is NOT better. They cause chatter on the network saying they're still around and more memory usage everywhere. It's also more processing for the nodes to figure which to use.
- We want them to be reasonable expensive to start now and insanely expensive down the line.
- This will cause a feedback loop which will create upward pressure on price of darkcoin even making it more expensive to start one of these in the future (I detail this concept here: https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/)
- Every client on the network needs to keep a list of all of these, we don't want a list of 100k
- 10k masternodes @ $1000 is the same thing as 50k @ $200. The only difference is a lower barrier to entry and lower end equipment. In either case it would cost a million to add enough nodes to see half of the traffic.
- Also the clients need to download this list upon booting up
- There's also a consideration for the masternodes themselves. We have 576 blocks per day, If there's 10000 master nodes that means they'll on average get paid once every month and a half. I feel like if that number goes any higher we'll have nodes that won't want to wait to recoup their investment.