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

[Minotaur26]

I can live with cap of 3.

I can't. It's the thin end of a very dangerous wedge who's whole principle is flawed.

What exactly is the objective of weighting the master node according to wallet size ?

The principle is flawed, which is why I pointed it out. If Dark does not fix this, another coin will. Cap of 2 or 3 could provide some room for compromise.

OK, maybe somebody could clarify for me. What I understood is that too many masternodes are also a problem because of excessive network chatter. So as I understand it, there is an ideal number of masternodes where chatter is not a problem but is large enough, so the network is strong and that is what we should be shooting for. To achieve that count we need to adjust the variables that will ultimately affect how many masternodes we have. Am I missing something?

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[toknormal]

If you had 10 masternodes then the chance of getting chosen increases as well.

Thats right - and so it should, since you've actually increased the redundancy of the network by 10 times and therefore deserve 10 times the maintenance reward.

On the other hand if you DIDN'T increase the network redundancy then you shouldn't get paid any more or receive any more traffic, full stop. Doesn't matter if you've got a bigger stuffed wallet on your node.

[Ozziecoin]

I can live with cap of 3.

I can't. It's the thin end of a very dangerous wedge who's whole principle is flawed.

What exactly is the objective of weighting the master node according to wallet size ?

The principle is flawed, which is why I pointed it out. If Dark does not fix this, another coin will. Cap of 2 or 3 could provide some room for compromise.

OK, maybe somebody could clarify for me. What I understood is that too many masternodes are also a problem because of excessive network chatter. So as I understand it, there is an ideal number of masternodes where chatter is not a problem but is large enough, so the network is strong and that is what we should be shooting for. To achieve that count we need to adjust the variables that will ultimately affect how many masternodes we have. Am I missing something?

It's not our call, it's Evan's call. He is the Dev.

[Sleepyx]

If you had 10 masternodes then the chance of getting chosen increases as well.

Thats right - and so it should, since you've actually increased the redundancy of the network by 10 times and therefore deserve 10 times the maintenance reward.

On the other hand if you DIDN'T increase the network redundancy then you shouldn't get paid any more or receive any more traffic, full stop. Doesn't matter if you've got a bigger stuffed wallet on your node.

Point taken

[TanteStefana2]

You are risky men so....
After the gox event I keep only these coins which I`m shorting with or meaby some little % the rest is on cold storage.

Well I took the opposite view.

Decided they were about 50 times safer on the exchange than on a DRK blockchain which is work in progress right now  Also, I'm on MacOS 10.6 and I think the DRK wallet needs 10.7 or higher possibly. It won't launch on 10.6.

Gox is not a good example of exchanges. It was a known risk for months before it actually blew. Poloniex - don't know much about that one.

I'll maybe upgrade to Mavericks and get a wallet once the dust has settled on the Masternodes stuff.

I have to inform you that you are misunderstanding how the blockchain works.  Even on the exchange, your coin is on the blockchain.  You REALLY should NEVER keep your coins on an exchange, EVER.  Put it in your wallet, then password protect the wallet, then back it up in at least 2 jump drives and put those in a safe place.

[toknormal]

OK, maybe somebody could clarify for me. What I understood is that too many masternodes are also a problem because of excessive network chatter. So as I understand it, there is an ideal number of masternodes were chatter is not a problem but is large enough, so the network is strong and that is what we should be shooting for. To achieve that count we need to adjust the variables that will ultimately affect how many masternodes we have. Am I missing something?

At 1000 DRK per node, the number of nodes is going to be peanuts anyway compared to the number of transaction clients. If there's a "too many nodes" problem than that should be solved technically by a hard limit, not commercially by the 'free market'.

(I'm not saying the total number of nodes can't be governed by the free market - that was a good idea - but the traffic weighting thing is not IMO).

[coins101]

holly mother of nodes....btc is rocking back to life

btc sees a 5x times rise from here, dragging everything along, drk at 5x from here is $55.....happy days.

[eltito]

OK, maybe somebody could clarify for me. What I understood is that too many masternodes are also a problem because of excessive network chatter. So as I understand it, there is an ideal number of masternodes were chatter is not a problem but is large enough, so the network is strong and that is what we should be shooting for. To achieve that count we need to adjust the variables that will ultimately affect how many masternodes we have. Am I missing something?

At 1000 DRK per node, the number of nodes is going to be peanuts anyway compared to the number of transaction clients. If there's a "too many nodes" problem than that should be solved technically by a hard limit, not commercially by the 'free market'.

(I'm not saying the total number of nodes can't be governed by the free market - that was a good idea - but the traffic weighting thing is not IMO).

Where do you get that more DRK per node = higher traffic weighting?  Sorry, maybe a stupid question, but I've only ever read that stacked MNs increase the reward chance, not the chance of a particular MN performing the mixing on a given round.  Are the two tied together?

[toknormal]

Where do you get that more DRK per node = higher traffic weighting?  Sorry, maybe a stupid question, but I've only ever read that stacked MNs increase the reward chance, not the chance of a particular MN performing the mixing on a given round.  Are the two tied together?

I thought they were. Otherwise what's the reward for ? Owning more DRK than the next person ? That's called interest.

I might have misunderstood the strategy and will be more than happy to be corrected on my misunderstanding.

[thelonecrouton]

holly mother of nodes....btc is rocking back to life

btc sees a 5x times rise from here, dragging everything along, drk at 5x from here is $55.....happy days.

I can see DRK at $50+ relatively soon but BTC at $3000? When the US bond market collapses, sure.

[TanteStefana2]

Development Update - 5/30/2014 - Fork Causes and Solutions

https://darkcointalk.org/threads/development-update-5-30-2014-fork-causes-and-solutions.994/

Rumors of your death have been greatly exaggerated. This is splendid.

edit: any hints on what the "significant improvements to anonymity" line is about? I am seeing a vision of rings in the sky! Am I close?

2nd edit: Masternode payments will be in RC3 in mid-june then. Ok!

https://darkcointalk.org/threads/development-update-5-30-2014-fork-causes-and-solutions.994/

TsuyokuNaritai said: ↑

    Thank you for all your hard work! :-)

    So to be clear... paying masternodes has been moved to mid-July?

Mid-June. July we'll have the privacy enhancements and other functionality.

-eduffield

Why is it that whenever somebody mentions Evan, and what he's doing, he pops up out of nowhere?  It's getting uncanny!  LOL

[Ozziecoin]

OK, maybe somebody could clarify for me. What I understood is that too many masternodes are also a problem because of excessive network chatter. So as I understand it, there is an ideal number of masternodes where chatter is not a problem but is large enough, so the network is strong and that is what we should be shooting for. To achieve that count we need to adjust the variables that will ultimately affect how many masternodes we have. Am I missing something?

Also network "chatter" shouldn't be an issue anymore due to auto checkpointing.

[Ozziecoin]

holly mother of nodes....btc is rocking back to life

btc sees a 5x times rise from here, dragging everything along, drk at 5x from here is $55.....happy days.

I can see DRK at $50+ relatively soon but BTC at $3000? When the US bond market collapses, sure.

Well, BTC at $7.9 Billion is 0.11% of the global asset market.

[Ozziecoin]

holly mother of nodes....btc is rocking back to life

btc sees a 5x times rise from here, dragging everything along, drk at 5x from here is $55.....happy days.

I can see DRK at $50+ relatively soon but BTC at $3000? When the US bond market collapses, sure.

Well, BTC at $7.9 Billion is 0.11% of the global asset market.

Make that 0.011% of the global asset market.

[thelonecrouton]

holly mother of nodes....btc is rocking back to life

btc sees a 5x times rise from here, dragging everything along, drk at 5x from here is $55.....happy days.

I can see DRK at $50+ relatively soon but BTC at $3000? When the US bond market collapses, sure.

Well, BTC at $7.9 Billion is 0.11% of the global asset market.

Longer term I can see DRK dragging BTC up if businesses are happier adopting DRK because it allows them to retain their financial privacy...

[TanteStefana2]

Agree it's not end of world but all VPS are vulnerable to infiltration. And from what I can see 99% of MNs are on VPSs. A big pot just makes it that much easier for infiltration.

The size of the pot (or whether it's on a VPS, unless the VPS provider is crooked/inept) has no effect whatsoever on the security/lack of security of the MN.  

My impression was that as the size of the pot increases, the chances of MN doing the coinjoin increases (correct me if I'm wrong).  In terms of security, there is nothing stopping govts from instructing VPS providers to provide the govt with access when push comes to shove.

Nope, your chances do not increase, only your payout.  In fact, a hedge against bad luck would be to run as many masternodes as you can.  You are then more likely to get the average payout.

Wait a second, that's not possible.... must be your way.   

[toknormal]

Nope, your chances do not increase, only your payout.  In fact, a hedge against bad luck would be to run as many masternodes as you can.  You are then more likely to get the average payout.

So is my understanding about this all wrong ?

Would a "3000 DRK node" not receive more traffic than a 1000 DRK node ? They'd process the same traffic but just get paid more per transaction processed ?

[TanteStefana2]

Nope, your chances do not increase, only your payout.  In fact, a hedge against bad luck would be to run as many masternodes as you can.  You are then more likely to get the average payout.

So is my understanding about this all wrong ?

Would a "3000 DRK node" not receive more traffic than a 1000 DRK node ? They'd process the same traffic but just get paid more per transaction processed ?

'
No, I'm stupid    I fixed.

[thelonecrouton]

Now is the time to buy,  good chance of reaching 0.025+ today according to my TA

Of bloody course it is, bugger your witchcraft, Evans latest announcement coincided with my BTC reaching Mintpal, again.  

 

[TanteStefana2]

Now is the time to buy,  good chance of reaching 0.025+ today according to my TA

Of bloody course it is, bugger your witchcraft, Evans latest announcement coincided with my BTC reaching Mintpal, again.  

 

Yah, you gotta start letting us know when you're thinking of moving funds into mintpal so we can jump on it.  LOL