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

[Kai Proctor]

As long as BTC price goes up, DRK price will go down.

the price releated to btc maybe, but not the intrinsic value

Yes, but since we can only buy with BTC it will always have a significant impact no?

No. Generally the price stays stable.

[AlexGR]

Dogecoin worried about that #6 spot: http://www.reddit.com/r/dogecoin/comments/25zacl/fight_against_darkcoin_what_we_should_do/

There is no reason why, coin-numbers-adjusted, a DOGEcoin should cost more than a Darkcoin. DOGEs are infinite and as such their store-of-value potential is shit.

They'll be consumed by DRKness...

[coins101]

I don't think MRO will catch us in market cap anytime soon, but I've been thinking... if not having ring signatures is the only way people can attack DRK other than the absurd "Instamine Scam!11!" crap trolling --  then maybe Evan should pull in ring signatures and put them in V1.  Of course, I have no idea how hard the coding would be, but the longer we let mindshare form that DRK's anonymity is second rate to MRO's the harder it will be to win people back once V2 is releases.

Tell me I am crazy here...  

1: Coding requires time. Cloning does not (Monero being a Bytecoin clone). So V1 is out of the question.

2: Monero has a lot of issues in the usability and compatibility departments, and from what I read in their thread, serious bloat issues (?). If that's the problem now, then how the hell is this gonna scale in 3-5-10 years?

3. By V2 of DRK, Monero will be a subset of DRK's capabilities and DRK will have more anonymous features + bitcoin-level of usability and compatibility. So long-term hold prospect for Monero doesn't look good in that sense. It could be a short-term hedge for DRK though.

4. Evan will not stop with DRK's evolution after the anonymity job is finished. He has plans for killer mainstream features. At least I remember he said that when DarkSend is finished he'll implement something he believes will be a smash. I've no idea what it is.

+101

Don't under estimate the value of the master node network. Putting up a $7k stake to provide a decentralised service which can be used for all sorts of projects. That's coming out a bit of a firm winner in its own right.

[splawik21]

As we are on the handle of the spoon just bought some cheap drk. Yes...ufff...hot...

[mattbigblue]

How can I calculate block reward ? what is the formula? what variables I need ?

[coins101]

Just read the guides, other than getting 1000 drk, is it that tricky to setup a master node? Has anyone done a step by step guide?

https://darkcointalk.org/threads/how-to-set-up-ec2-t1-micro-ubuntu-for-masternode-part-2-3.241/

[coins101]

How can I calculate block reward ? what is the formula? what variables I need ?

https://darkcointalk.org/forums/mining.3/

[JGCMiner]

I don't think MRO will catch us in market cap anytime soon, but I've been thinking... if not having ring signatures is the only way people can attack DRK other than the absurd "Instamine Scam!11!" crap trolling --  then maybe Evan should pull in ring signatures and put them in V1.  Of course, I have no idea how hard the coding would be, but the longer we let mindshare form that DRK's anonymity is second rate to MRO's the harder it will be to win people back once V2 is released.

Tell me I am crazy here...  

I've been looking in to MRO - anonymous dev with only 8 activity on bitcointalk, fork of another coin's tech, no innovation on its own and no plans for any, only on exchanges for a couple of days.

Let's compare that to DRK - dev with a real name working since Jan, innovative one-of-a-kind DarkSend and masternode system, development schedule for all to see including plan to add ring signatures, dev committed to working on this full time, steady stable growth, #7 on coinmarketcap, chance to earn passive income with masternodes.

No contest in my opinion. Let's stop talking about MRO. It's a short term distraction.

You don't have to sell me on DRK vs. MRO.  I've loooong been in on DRK and as I said I don't think MRO is a real threat. My concern is a FUD campaign that has much more to it than "hey look instamine -- coin sucks" which anybody who bothers to research will see is a virtual non-issue. On the other hand, I think most would objectively agree that ring signatures have more anonymity than Coinjoin (and yes, I know Darksend is not just vanilla Coinjoin).

That said if adding the tech is a 6 month coding project then obviously it is for later.

1: Coding requires time. Cloning does not (Monero being a Bytecoin clone). So V1 is out of the question.

2: Monero has a lot of issues in the usability and compatibility departments, and from what I read in their thread, serious bloat issues (?). If that's the problem now, then how the hell is this gonna scale in 3-5-10 years?

3. By V2 of DRK, Monero will be a subset of DRK's capabilities and DRK will have more anonymous features + bitcoin-level of usability and compatibility. So long-term hold prospect for Monero doesn't look good in that sense. It could be a short-term hedge for DRK though.

4. Evan will not stop with DRK's evolution after the anonymity job is finished. He has plans for killer mainstream features. At least I remember he said that when DarkSend is finished he'll implement something he believes will be a smash. I've no idea what it is.

The time to get it coded up is a good point.  As a said above  I am not really worried about MRO, but more of people pointing to the tech as a valid criticism of DRK then that getting parroted around. However, the fact that we have a dedicated dev committed to DarkSend and beyond does lessen my concerns.

[AlexGR]

I don't think MRO will catch us in market cap anytime soon, but I've been thinking... if not having ring signatures is the only way people can attack DRK other than the absurd "Instamine Scam!11!" crap trolling --  then maybe Evan should pull in ring signatures and put them in V1.  Of course, I have no idea how hard the coding would be, but the longer we let mindshare form that DRK's anonymity is second rate to MRO's the harder it will be to win people back once V2 is releases.

Tell me I am crazy here...  

1: Coding requires time. Cloning does not (Monero being a Bytecoin clone). So V1 is out of the question.

2: Monero has a lot of issues in the usability and compatibility departments, and from what I read in their thread, serious bloat issues (?). If that's the problem now, then how the hell is this gonna scale in 3-5-10 years?

3. By V2 of DRK, Monero will be a subset of DRK's capabilities and DRK will have more anonymous features + bitcoin-level of usability and compatibility. So long-term hold prospect for Monero doesn't look good in that sense. It could be a short-term hedge for DRK though.

4. Evan will not stop with DRK's evolution after the anonymity job is finished. He has plans for killer mainstream features. At least I remember he said that when DarkSend is finished he'll implement something he believes will be a smash. I've no idea what it is.

I thought that DRK is the most promising anonymous coin too, but it's nice to get this confirmation

Thing with Monero is, and I've bought some just in case it blows up (as a short-term hedge), is that it was too violent in stealing Bytecoin's work. Kind of like "oh, you premined 80%, so we'll take your work and get rid of you bytecoin people". This is scam mentality. But MRO people need Bytecoin development*. This might backfire through stagnation.

Also MRO doesn't hold any "high ground" vs other Bytecoin clones. What will they say? Hi, we are the first clones of Bytecoin?

* Gmaxwell also commented on something to that effect a few hours ago: https://bitcointalk.org/index.php?topic=512747.msg6830290#msg6830290

Bytecoin was forked into a coin that the community could participate in from day one.

Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

[Standhaft]

Dogecoin worried about that #6 spot: http://www.reddit.com/r/dogecoin/comments/25zacl/fight_against_darkcoin_what_we_should_do/

and they should.
it only takes a price of 0.018X for DRK to take over that spot.

Best comment is this one:

Whales are just pumping getting ready to dump em.
They have done it with a few coins manipulate the price everyone rushes in on the sudden goldrush then dump em.
Darkcoin is good tho I can see three coins in the future
Bitcoin Darkcoin (great for the mob etc) Dogecoin
Litecoin what is it doing? where is the development? Dunno what the deal is with it anymore


What does dogecoin develop? Oh right. Nothing

[Sleepyx]

Still Masternode count is inaccurate, I have add a graph.

Masternode income / a day.

Last 24 hour supply * 0.1 / number of NMs.

(if 50, 100, 150, 200 NM exist)

http://drk.poolhash.org/masternode.html

Any chance to update your masternode guide to include private key update and others?

https://darkcointalk.org/threads/how-to-set-up-ec2-t1-micro-ubuntu-for-masternode-part-2-3.241/

When my remote masternode  setup test is done.

Good luck, looking forward to it

[rickraw]

So I am setting up masternode on OVH.  Got Blockchain to download and list of masternodes but I cannot run the commands getinfo or getmininginfo.

xxxxx:~# darkcoind getinfo
error: couldn't connect to server

xxxxx:~# darkcoind getmininginfo
error: couldn't connect to server

Ideas?

Thank you.

[thelonecrouton]

So I am setting up masternode on OVH.  Got Blockchain to download and list of masternodes but I cannot run the commands getinfo or getmininginfo.

xxxxx:~# darkcoind getinfo
error: couldn't connect to server

xxxxx:~# darkcoind getmininginfo
error: couldn't connect to server

Ideas?

Thank you.

Are you running it as root? Try as normal user.

[thelonecrouton]

Yeah, that downtrend/MACD negative of over 10 hours had to end sometime 10 hour pump cycle begins. time to buy.

Time to buy was about 3 hrs ago mate.  

edit: or 3 weeks, lol, but whatever. 

[AlexGR]

Litecoin now has 51% issues...

http://www.reddit.com/r/litecoin

Coinotron.com Control nearly 50% of the overall Hashrate of Litecoin (self.litecoin)
submitted 4 days ago by PUBLIC_SERVICE_ANN - stickied post

Coinotron hits %51 and they arent taking it seriously, this is what im doing and you can help (self.litecoin)
submitted 12 hours ago * by TheRealMageLitecoin Association

And we hit 50% (pic-upload.de)
submitted 15 hours ago by Arogtar

And now Coinotron officially has 51% (self.litecoin)
submitted 13 hours ago by FreeJack2k2

[Minotaur26]

roughly how much does a single masternode earn per day given todays total available coins and price etc

Depends on the count of masternodes out there

128x Masternodes = (576/128) blocks * 10% of the reward = 8.1DRK/day

with current price... 40 BTC per year haha. Clear to see that the price is going to be in another league once people see masternode payments working.

THIS IS WRONG. HERE YOU GO:

MASTERNODE PROFITABILITY FORMULA

Assuming the minimum block reward of 5DRK, to have a worst case scenario. If difficulty goes down then adjust accordingly.
Masternodes take 10% of the block rewards.
Masternode payments start on May 25th 
Need to divide between the total number of masternodes, I am assuming 300 MN for the example, but adjust accordingly for your projections.
Finally, Masternodes are randomly selected so this is just an indicator, some masternodes may be more lucky than others, you get the idea.

 

(5 drk/block x 576 blocks/day x 0.1 = 288 DRK / 300 MN = 0.96 DRK/day

[coins101]

I don't think MRO will catch us in market cap anytime soon, but I've been thinking... if not having ring signatures is the only way people can attack DRK other than the absurd "Instamine Scam!11!" crap trolling --  then maybe Evan should pull in ring signatures and put them in V1.  Of course, I have no idea how hard the coding would be, but the longer we let mindshare form that DRK's anonymity is second rate to MRO's the harder it will be to win people back once V2 is releases.

Tell me I am crazy here...  

1: Coding requires time. Cloning does not (Monero being a Bytecoin clone). So V1 is out of the question.

2: Monero has a lot of issues in the usability and compatibility departments, and from what I read in their thread, serious bloat issues (?). If that's the problem now, then how the hell is this gonna scale in 3-5-10 years?

3. By V2 of DRK, Monero will be a subset of DRK's capabilities and DRK will have more anonymous features + bitcoin-level of usability and compatibility. So long-term hold prospect for Monero doesn't look good in that sense. It could be a short-term hedge for DRK though.

4. Evan will not stop with DRK's evolution after the anonymity job is finished. He has plans for killer mainstream features. At least I remember he said that when DarkSend is finished he'll implement something he believes will be a smash. I've no idea what it is.

I thought that DRK is the most promising anonymous coin too, but it's nice to get this confirmation

Thing with Monero is, and I've bought some just in case it blows up (as a short-term hedge), is that it was too violent in stealing Bytecoin's work. Kind of like "oh, you premined 80%, so we'll take your work and get rid of you bytecoin people". This is scam mentality. But MRO people need Bytecoin development*. This might backfire through stagnation.

Also MRO doesn't hold any "high ground" vs other Bytecoin clones. What will they say? Hi, we are the first clones of Bytecoin?

* Gmaxwell also commented on something to that effect a few hours ago: https://bitcointalk.org/index.php?topic=512747.msg6830290#msg6830290

Bytecoin was forked into a coin that the community could participate in from day one.

Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

+101

On a roll today 

[mattbigblue]

How can I calculate block reward ? what is the formula? what variables I need ?

https://darkcointalk.org/forums/mining.3/

can't find this information there

[oblox]

How can I calculate block reward ? what is the formula? what variables I need ?

https://darkcointalk.org/forums/mining.3/

can't find this information there

It's in the original post:

Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)

With min. reward = 5

[rickraw]

So I am setting up masternode on OVH.  Got Blockchain to download and list of masternodes but I cannot run the commands getinfo or getmininginfo.

xxxxx:~# darkcoind getinfo
error: couldn't connect to server

xxxxx:~# darkcoind getmininginfo
error: couldn't connect to server

Ideas?

Thank you.

Are you running it as root? Try as normal user.

I am running as normal user.  When I start "darkcoind", I see this in the log...

2014-05-20 13:35:23 SetBestChain: new best=000000000654c64f3056c5eab371f2f13992155bc208f5f583be1c18a3328ee5  height=11998  log2_work=46.803469  tx=31726  date=2014-02-05 20:59:33 progress=0.123850
2014-05-20 13:35:23 ProcessBlock: ACCEPTED
2014-05-20 13:35:23 received block 0000000019702ce5df943a9a21e3b5c46dda34076516b5a16d448a34a86ed84a
2014-05-20 13:35:23 SetBestChain: new best=0000000019702ce5df943a9a21e3b5c46dda34076516b5a16d448a34a86ed84a  height=11999  log2_work=46.803818  tx=31729  date=2014-02-05 21:00:18 progress=0.123878
2014-05-20 13:35:23 ProcessBlock: ACCEPTED
2014-05-20 13:35:23 received block 00000000075076f66347ae60a9012770a09389c2cba19dfcd387f62641de0946
2014-05-20 13:35:23 SetBestChain: new best=00000000075076f66347ae60a9012770a09389c2cba19dfcd387f62641de0946  height=12000  log2_work=46.804168  tx=31731  date=2014-02-05 21:01:33 progress=0.123897
2014-05-20 13:35:23 ProcessBlock: ACCEPTED

But I cannot run darkcoind getinfo or darkcoind getmininginfo.

My conf:

xxxxx:/$ cat ~/.darkcoin/darkcoin.conf
#----
rpcuser=random_user_name
rpcpassword=random_password
rpcallowip=127.0.0.1
listen=1
server=1
daemon=1
logtimestamps=1
maxconnections=256
#--------------------
# change change_this_to_your_ec2_public_ip_ami_public_ip to public ip address which you connected by ssh
externalip=<SET TO MY VPS IP>
#---------------------