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

[chompyZ]

I have a philosophical question -

In the long haul, I see 3 kinds of people in Darkcoin:

1) small bagholder - they get their wealth devalued by 7% per annum.
2) miners - they profit from mining DRK, and loose from hardware depreciation and electricity.
3) large investors - they profit X% per annum.

The third group (large investors) are the ones that will ALWAYS profit, and without recording any loss, depreciation or further investment. Moreover, their newly acclaimed coins can also put into work, and hence the inequality widens.

Don't get me wrong here - IMHO the supernodes payment scheme is INGENIOUS and I take my hat off to Evan for this model. I am totally DRK and think devs are really pushing new frontiers here. This is by no means criticism of ANY SORT.

What I am trying [for the last 2-3 weeks] to figure out is if there is some way to even-up the playing field so that 'richer don't get richer at the expense of the poorer'.

or in simple terms - is there a way to make a a multi-supernode owner earn less DRK per supernode than someone with a mere 1-supernode...?

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[Lauda]

Latest Bounties as at 7th May   
   
Fundraiser Donation Address: Xc8xGSP7FwWGPQpgw298z7NYdA8xJK8ooh   
Total bounty donations: 2344 DRK.   
Note: Bounties and amounts are subject to change. As more is donated to the pool, the bounty amounts will go up. Feedback welcome!   
   
*** PLEASE NOTE: Translation bounties will apply only to the new website, which is not yet launched! Expect it to be launched within a couple weeks. ***   
   
Bounty (DRK)   Description
136.00   Chinese language translation of website
81.60   * Russian language translation of website
0.00   Spanish translation of website

Do you need any other translations?  Almost all bounties are already taken. The community seems active which is a good sign.

[onetime]

I like seeing Darkcoin above Quark. 

[dadon]

me 2 quark broke my heart should of sold them when my stash of quark was worth 180btc i got about 20....

[AlexGR]

Only top20 coin rising...

1    Bitcoin   $ 5,731,372,361   $ 451.62   12,690,825 BTC   $ 41,513,269   -7.59 %   
2    Litecoin   $ 297,524,411   $ 10.71   27,773,954 LTC   $ 12,997,073   -13.53 %   
3    Peercoin   $ 46,328,523   $ 2.17   21,346,899 PPC   $ 710,933   -12.25 %   
4    Ripple   $ 41,152,665   $ 0.005429   7,579,478,083 XRP*   $ 348,742   -8.79 %   
5    Dogecoin   $ 33,883,047   $ 0.000458   73,922,776,538 DOGE   $ 2,926,416   -18.90 %   
6    Mastercoin   $ 22,650,103   $ 40.22   563,162 MSC*   $ 11,763   ?   
7    Nxt   $ 19,576,971   $ 0.019577   999,997,096 NXT*   $ 75,303   -16.68 %   
8    Namecoin   $ 18,622,682   $ 2.17   8,600,782 NMC   $ 433,435   -10.97 %   
9    BlackCoin   $ 9,732,133   $ 0.13   74,514,946 BC*   $ 1,006,677   -25.64 %   
10    BitShares-PTS   $ 5,936,866   $ 3.64   1,631,657 PTS   $ 67,114   -16.15 %   
11    DarkCoin   $ 4,765,453   $ 1.15   4,140,289 DRK   $ 278,714   +10.99 %   
12    Quark   $ 4,628,403   $ 0.018679   247,786,491 QRK   $ 27,660   -21.61 %   
13    Primecoin   $ 4,512,416   $ 0.84   5,391,643 XPM   $ 81,107   -12.74 %   
14    Zetacoin   $ 3,971,681   $ 0.024766   160,367,994 ZET   $ 136,070   -17.90 %   
15    Counterparty   $ 3,875,346   $ 1.46   2,649,305 XCP*   $ 12,166   -0.34 %   
16    Feathercoin   $ 3,865,309   $ 0.09443   40,933,250 FTC   $ 64,718   -15.70 %   
17    Vertcoin   $ 3,440,153   $ 0.91   3,771,250 VTC   $ 78,328   -2.09 %   
18    Marinecoin   $ 2,792,515   $ 0.38   7,258,895 MTC**   $ 625   -56.25 %   
19    Novacoin   $ 2,230,574   $ 3.36   664,262 NVC   $ 23,816   -13.76 %   
20    Infinitecoin   $ 2,117,768   $ 0.000023   90,510,216,253 IFC   $ 23,024   -16.73 %   

[kaene]

Latest Bounties as at 7th May   
   
Fundraiser Donation Address: Xc8xGSP7FwWGPQpgw298z7NYdA8xJK8ooh   
Total bounty donations: 2344 DRK.   
Note: Bounties and amounts are subject to change. As more is donated to the pool, the bounty amounts will go up. Feedback welcome!   
   
*** PLEASE NOTE: Translation bounties will apply only to the new website, which is not yet launched! Expect it to be launched within a couple weeks. ***   
   
Bounty (DRK)   Description
272.00   New website design (using existing content; community will select the winner)
272.00   Professional vectorised logo, header & branded art (community will select the winner)
136.00   Chinese language translation of website
81.60   * Russian language translation of website
0.00   Spanish translation of website
54.40   Professionally produced infographic of darksend, reference: http://imgur.com/GXPvNgn
40.80   explain darksend in layman's terms in 2-5 sentences (we'll pick the best)
40.80   reddit tipbot working in all major subreddits (at least top 100 by subscribers)
40.80   absolute beginner's guide to getting started with darkcoin (using wallet, screenshots)
34.00   Get everything working on mac (all recent versions of OS), including instructions
0.00   Get darkcoin support included in the official BAMT release
115.60   Professional grade video explaining darkcoin & darksend
136.00   Feature article at CoinDesk, Bitcoin Magazine, Forbes or Money Week
40.80   Darkcoin related facebook acocunt with 100+ followers
40.80   Darkcoin related Google+ acocunt with 100+ followers
136.00   * First ATM accepting Darkcoin
27.20   * Comprehensive media mailing list
204.00   * Optimise CUDAMiner to at least 70% of AMD cards' X11 performance relative to scrypt
47.60   * Accurate mining profitability calculator, including hashrate & power draw of common cards
47.60   * New CSS theme for /r/drkcoin subreddit, matching darkcoin.us/io (we'll pick the best submission)
204.00   * First decentralised exchange supporting DRK, trading some significant volume
372.00   * Android wallet, darksend compatible, open source
--------------------------   
Total donated: 2344 DRK   
   
* Newly added   
   
Notes for CUDAMiner bounty: If a R9 280x gets 2100 kh/s in X11 and 750 kh/s in scrypt (a ratio of 2., X11 cudaminer performance should achieve at least: 0.7 * 2.8 = 1.96 times Nvidia CUDAMiner scrypt performance   

Had to click around a bit to find this, good time to repost with the price on the move

Agreed, I think this should be the main focus now, someone able to continue where LimLims left it.

Some important bounties are already taken, but did they deliver? I understand some are meant to be done once final version of DarkSend goes public, but not all.

In any case, we need someone, if possible professional, to take care of this. It's good to feel happy and excited because of the rate is moving to where we were expecting, but we need to step up the game now accordingly.

[Kartoff]

Waiting for confirmations and i am about to buy another 5 BTC worth of DRK

[Minotaur26]

Zerocash /  Zerocoin weaknesses

Here is the analysis of Anonymint on the weaknesses of Zerocash/Zerocoin. For those of you who are new and dont know him. Anonymint is a "world class programmer who knows his sh*t" and even though he is not part of the dev team have been instrumental to the discussions leading to the development of the latest Darksend. This is worth reading.

I hope readers find my posts helpful?

ZeroCash is going public in a few months time ~20 May. Regardless of whether they have anything tangible or just a published paper,

I don't think they will have beta-test level code then.

This is about not being drowned out and then being considered a clone.

No way Darkcoin can be considered a clone, as Zerocash completely hides the payer, payee, and the amount of transactions. The block chain is a complete fog. Zerocoin doesn't do this.

Zerocash will have some positive spin. They will talk about e-cash and anonymity.

They will make the point I just wrote above.

What they won't talk about are the problems with the project.

The main weakness of Zerocash is it adds an additional 3 minutes between check out and completion of payment. (Add that on top of Bitcoin's 10 - 60 minutes, or Litecoins 2.5 - 15 minutes). Zerocoin doesn't have this problem.

The main weakness of Zerocash and Zerocoin are they depend on new crypto which hasn't been subjected to years of cryptanalysis, and if you put it on the block chain, then it is later cracked, the entire coin is potentially F.U.B.A.R..

Whereas Darksends are offchain! Even if you crack the crypto of Darksend (which uses very old well vetted crypto), the block chain remains uncracked!

The other weakness of Zerocash and Zerocoin is they depend on a trusted party to create the master parameters. If anyone retains that information (even if they snooped it using the NSA's air gap detection mechanisms), they in the case of Zerocash they can create unlimited coins and nobody will even know it! In other words, the coin supply becomes unknowable!! I am not exaggerating!!

Another counter point may be that each Zerocash transaction takes 9ms to verify (500ms for Zerocoin). Thus they can only put 111 transactions in a block per second per core of the CPU on the miner. Visa does 2,000 - 4,000 transactions per second, so for Zerocash to scale to global transactions needs 40 CPU cores per miner (e.g. 10 iCore i7 CPUs), not including denial-of-service transaction spam. Transaction spam could be really bad if they don't have a transaction fee or other means to control it. Any way, 40 CPU cores is not really a big problem if mining will be done only in pools.

But crypto-currencies are hoping to enable microtransactions, thus the transactions per second would explode by orders-of-magnitude.

Thus appears to me Zerocash is incompatible with microtransactions unless mining becomes very centralized among a few powerful pools.

Centralization of mining is a severe problem with Bitcoin having onetwo or three pool with 51% of the hash power now.

[GhostPlayer]

 Quark who? ... 

[Terzo]

Now what ? Are we seeing pump or real rise ?

[CryptoCthulhu]

Now what ? Are we seeing pump or real rise ?

Looks like slow pump to me. See the 40BTC buy order on mintpal.

[eduffield]

Evan, will the next RC support Windows masternodes?

The current version does, you just need to use the debug window to start it up

[NutMasterTardd]

Now what ? Are we seeing pump or real rise ?

Looks like slow pump to me. See the 40BTC buy order on mintpal.

There have been huge buy orders like that for the past week or so, though most have just been eaten.

[Kartoff]

Just bought another bunch of DRK for 5 BTC

[Honest Tim]

Damn! Theres some serious nom nom nomming going on with that sell wall @ cryptsy! it's less than half what it was an hour ago.

[Honest Tim]

................aaaaaaand it's GONE!!  

[AlexGR]

12 BTC at 263 sold in a couple of minutes... lol.

[Terzo]

12 BTC at 263 sold in a couple of minutes... lol.

I bought the half  of it

[luke997]

12 BTC at 263 sold in a couple of minutes... lol.

No wonder, it's 288 at mintpal and rising by the minute....

This is only going up, very few are willing to sell - real innovation coin - so a value, not just pump/dump/trade.

[AlexGR]

12 BTC at 263 sold in a couple of minutes... lol.

I bought the half  of it

Nice stuff.... there's some selling action at the 0.0027 levels, if it's overcome we may see 0.0029 - 0.003 today.