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

[slapper]

If you come to a fork, you take it

 

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[Perl++]

0.012 satoshi  

I hope the dumper will pump cryptcoin  

Hmm.. someone know why the price crash? summer holiday? or the dumper will pump another coin?

[ddink7]

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.  How many DRK would I get in a week running a masternode?  It would take around 100 DRK for me to see the same kind of returns.  If I don't see an increase in profit then I'm not tying my capital up running a masternode.  And I'm sure that there are masternode operators that feel the same way.  If masternode profits don't meet expectations people will simply shut it down, sell DRK, and make profit somewhere else.

And I know that running a masternode is all about profit from reading the posts in this thread.  Profit profit profit was the selling point and buzz word for the reason to host a masternode.  Better hope that the profit meets expectations or those nodes will be going down right and left.  

Actually, not everyone can "day trade".  I can't.  I tried it and lost, a lot, half the coins I sold. I would never ever have thought at any point going down this last run, that It would continue.  I still don't know.  Knowing my luck, I would have sold at 0.017 and it would climb to 0.1.  I am not taking chances.  Masternodes are a way to increase my holdings without much risk (sans loss of value).  The increase will be moderate in crypto world, but substantial in the regular banking world.  And though profits will go down as more people run MNs, it should remain a pretty good interest rate for some time to come.  As long as we have enough MNs to run DarkSend, all is well.  Besides, I'm hoping there will be other services MNs will provide, and the fees from those services will hopefully make it even more profitable.

So, yah, I know people make lots of money trading, but for people like myself, it's not worth the risk.  I'm also different because I love this project.  Some of us just really love this project.  I won't lie, if I had a pulse on the ups and downs of the market, I'd be buying and selling drk, heck I'd buy and sell other coins to increase my drk holdings.  I have nothing but envy and jealousy for those who can do that!  Trust me, I could use the money-badly, LOL.  But I prove to myself over and over that I have no clue, so I'll play it safe.  This is the right thing for me

In the end any investor needs to be responsible to themselves and make their own decision on how they want to invest.  For some, they can't even look at cryptos, it's too weird for them.  I was hoping my mother would be interested, she loves the stock market, and I thought it might be something we could do together, I was hoping she could tell me how to trade, but she can't wrap her head around it, LOL.  I can't blame her, she's no spring chicken.  Though anyone who lived through the Great Depression, no matter where in the world, ought not to have any faith in fiat, but I guess it's worked for her most of her life, LOL

Ok, enough babble, I gotta go, LOL

Stef, you are definitely one of the best voices in this community. I agree completely. I can't daytrade, so I buy and HODL. I bought mine at an average of .018 ... I *wish* I had bought now instead, obviously, because I would have more DRK. But my logic in buying when I did was this: the difference between buying at .018 and .012 is very, very small when the price gets up to .1 or .15.

You and I are on the same page...I believe in this project and as long as the fundamentals look sound, the price and charts can do whatever they want to. I'm HODLING.

[camosoul]

Hey fuckers, the fucking chart doesn't really look that fucking amazing any more.
Whats up? Running dry?

Christ. Another f*cking parasite who thinks he's found a playground for his 2 idle braincells.

I've been mining this shit before you even heard of it, fucker.
Explain, as you seem to be the number 1 chart explaining fucker on this thread.

R...O....F........L'n all over my floor right now.  I can't see straight!!!!!

What's so funny?  A lot of people are losing money.  Many of them bought in at the top due to all the unwarranted hype.  Now they are way underwater with their btc tied up in a rapidly sinking DRK.

Is this just another "Weak Hands" moment?  Because that one has been used up.  What's the excuse for the drop now?  Can it possibly be that people are losing interest and have become disillusioned?  There have been some pretty large holders obviously getting out of DRK.  Big money is usually smart money.     

You haven't lost anything unless you sell. If you're stupid enough to sell instead of buy more, you deserve the loss for being a raging fucktard.

[ntrn500]

What happened ? Who DUMP DARK?
 

Me, I dumped 1 MILLION Darkcoins (I had to help the government to acquit the national debt.)

[TanteStefana2]

10-20 usd for a server? You want the gold plated one, don't you? ;-))

Per day, he said, LOL.  Actually, I think I pay 7-8 dollars a month including traffic fees.  But I did get the 3 year commitment. 

[salmion]

woooo.... trolls are back! Expect the price to go up shortly then

[camosoul]

Tok when I hire someone to work for me I ask a specific question of each and every applicant.  I ask them, "how do you know you are a good listener?"  I am looking for two things. 1) do they have the ability to use intuition to more effectively communicate and 2) do they properly examine the premise of every statement and word that comes out of another persons mouth. This is good listening.

This. It's amazing how few people pay attention to the information they are already getting... Then ask questions to which they would already have the answers if they would just fucking pay attention... It's not even about being smart... Just fucking pay attention... They can't do it. Even non-priamte animals make higher functioning people than most people...

[shojayxt]

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.

omg with those skills borrow and steal as much capital as you can and 100x it in a year.

The funny thing is that the first coin I ever mine was Darkcoin.  That was a long time ago.  Since then I've bought and sold Darkcoin dozens of times.  Making profit all along the way.

And I don't know what is so surprising about making 10% in crypto.  It's not that hard.  But the key is to buy low and sell high.  Not buy and hold.  Had I just held onto my Darkcoin like most people in this thread seem to do then no, I wouldn't make those kinds of gains.  

I actually think that the loudest voices screaming "Hold for the long term" are actually they ones doing the dumping when the price is up and doing the buying when the price is down.  Gotta get those suckers in so you can dump on them and when they panic and sell driving the price even lower they scoop up the cheap coins driving the price back up and the people that just panic sold panic buy at a higher price and do it all over again.  It happens with all coins.  Once I realized that I started to make lots of btc.  But if holding DRK long term is your strtegy that's your decision.

[DarthMuffin]

What happened ? Who DUMP DARK?
 

Look at a DRK/USD price graph, or if you can't find that look at a BTC graph.  If you take the rise in BTC into account, then the DRK drop is within past experience and not worrying.  Also look at every other coin to see that they're doing the same thing.

Or my alternate theory is that the price is tanking because there haven't been nearly enough girly pics here recently

[ntrn500]

Tok when I hire someone to work for me I ask a specific question of each and every applicant.  I ask them, "how do you know you are a good listener?"  I am looking for two things. 1) do they have the ability to use intuition to more effectively communicate and 2) do they properly examine the premise of every statement and word that comes out of another persons mouth. This is good listening.

When I hire someone to work for me I gaze at her / him and if she / he looks like this:

 

I know that's the one!

[organizer]

To prevent rouge Nodes being created which could overwhelm the network with bad actors, the Darkcoin developers have made it financially prohibitive to operate too many Master Nodes.

What do you have against Red Nodes?

[shojayxt]

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.

omg with those skills borrow and steal as much capital as you can and 100x it in a year.

Please, let me invest a masternode's worth into you. Heck, I'll give you two, and you only need to trade one for me; the other you can keep for yourself. Plus, you don't even have to make 10% per week; I'll be happy with just 5%! (I know, I know, I'm missing out on almost $1,300,000 only getting 5%, but I'm ok with that)

Can you do simple math?  10% of $10000 is $1000.  Multiply that by 52 weeks = $52000.  So I don't know where you come up with $1,3000,000.  But this thread is so filled with misinformation, unrealistic expectations, and sugar coated everything, that it's no surprise that you would post this crap.

[slapper]

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.

omg with those skills borrow and steal as much capital as you can and 100x it in a year.

The funny thing is that the first coin I ever mine was Darkcoin.  That was a long time ago.  Since then I've bought and sold Darkcoin dozens of times.  Making profit all along the way.

And I don't know what is so surprising about making 10% in crypto.  It's not that hard.  But the key is to buy low and sell high.  Not buy and hold.  Had I just held onto my Darkcoin like most people in this thread seem to do then no, I wouldn't make those kinds of gains.  

I actually think that the loudest voices screaming "Hold for the long term" are actually they ones doing the dumping when the price is up and doing the buying when the price is down.  Gotta get those suckers in so you can dump on them and when they panic and sell driving the price even lower they scoop up the cheap coins driving the price back up and the people that just panic sold panic buy at a higher price and do it all over again.  It happens with all coins.  Once I realized that I started to make lots of btc.  But if holding DRK long term is your strtegy that's your decision.

Are you just pissed off that some were hyping up this coin a few weeks ago and need to vent it out? I think you have made your point a few times. Do you have anything else to add to the discussion? Yes we also got the memo that you are a self-aggrandizing day trader and that somehow everyone needs to appreciate that.

Anything else?

Altcoins are getting slaughtered today except some riding the Vertcoin Pump and Dump.

Besides that all of your posts are now agonizing. I think you have made your point and people get it. Move on please.

[illodin]

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.

omg with those skills borrow and steal as much capital as you can and 100x it in a year.

Please, let me invest a masternode's worth into you. Heck, I'll give you two, and you only need to trade one for me; the other you can keep for yourself. Plus, you don't even have to make 10% per week; I'll be happy with just 5%! (I know, I know, I'm missing out on almost $1,300,000 only getting 5%, but I'm ok with that)

Can you do simple math?  10% of $10000 is $1000.  Multiply that by 52 weeks = $52000.  So I don't know where you come up with $1,3000,000.  But this thread is so filled with misinformation, unrealistic expectations, and sugar coated everything, that it's no surprise that you would post this crap.

[camosoul]

First pass (it might look totally different by Tuesday):

Darkcoin Begins Paying Nodes From Block Rewards

I don't recall any abandonment.

There were actually 2 attempts to hardfork RC3. Spork is 3rd try.

This wording needs fixed. Nodes get 20% of block reward. SAying it 'comes from the miners" sounds like "miners get fucked" when they don't. It's also not wholly accurate since the payvote process is now part of that. A Block isn't valid without verified, proper votes in the same way it is not valid if the mined block doesn't pass muster. It's a dual-metric block now with an integrated hash. It's not entirely in the miners' hands anymore. The miners contribute hashpower, the MNs contribute votes. Both are required for a valid block under RC3 Enforcement, currently not turned on.

Oh hell no. The randomness, quantity of bad actors still posting invalid and unpaid blocks due to Enforcement being off, and standard deviation, are both heavily monkey-wrenching simple probability formulas at this time. It's part of why the price is dipping; people are fucking stupid. Claiming "MNs are broken, I no has money hose I expected" because they don't understand math. It could very well be that some of these long-term unpaid nodes WOULD HAVE gotten a payment if there were not bad actors still getting away with non-payment. Once Enforced, the probability will start to match simple math more closely. The combination of bad actors and standard deviation mashed together means that simple probability math does NOT apply.

I have more suggestions, but those are the most glaring...

come on chaps; Master Nodes, what else can they do to earn master node holders some extra money?  

* Anonymous decentralised markets
* Anonymous decentralised corporation stock exchange

update. looking to introduce sub-headings and quotes from devs tomorrow:

Darkcoin Begins Paying Nodes From Block Rewards

Darkcoin’s much anticipated payments system to reward Master Nodes went live last week with node operators finally receiving a share of Darkcoins from mined block rewards. [

]
After the first hard fork attempt to implement payments to Master Nodes caused the Darkcoin network to fork into several chains, the developers tried twice to implement the new payment protocol before finally seeing the network stable again.

Master Nodes are part of Darkcoin[']s privacy system which anonymises users through random selection of available modes by routing bundles of transactions from several people through them. This process renders the Darkcoin block chain incomprehensible to those trying to track any spending patterns.

To prevent rouge Nodes being created which could overwhelm the network with bad actors, the Darkcoin developers have made it financially prohibitive to operate too many Master Nodes.

To run a Master Node, each node requires a wallet with 1,000 DRK, around $9,500 at time of writing, to be available, typically through cold storage, in order for the network to recognise that nodes are available for mixing.  

This 1,000 DRK requirement has been called a ‘Proof of Service’ feature by the Darkcoin community, as it is a way for nodes to prove they are available to serve the network.
In return for setting up a Master Node and making it available for service, the network pays Nodes 20% of block rewards. It was this payment system which allocates coins from mined blocks which caused the recent Darkcoin fork.

Since the update, Darkcoin blocks are no longer valid without verified votes from Nodes in the same way they would be rejected if they were not recognised as a valid mined block by any network.

Community Member, Camosoul, commented:

This is a dual-metric block now with an integrated hash. It's not entirely in the miners' hands anymore. The miners contribute hashpower, the Master Node operators contribute votes.

Minded blocks and Nodes' votes are both are required for a valid block under new update enforcement rules released as part of the third attempt to implement the RC3 fork.

This third attempt to implement the Master Nodes payment system was changed to a two-stage fork, which became known as a ["]spork["] by the community. The network was updated, but pools and old wallets were not forced to update immediately.

[Some confusion has been generated by parties wilfully refusing to update. Block Generation proceeds as usual, but when a "winning" block is generated by a Bad Actor, the elected Master Node is not being paid. This has led those who aren't paying attention to conclude that the payment system is flawed, wherein reality it is merely still being influenced by black hat pool operators and miners.

The second stage of the network update due in the next few weeks will see an enforced ban from the network if pools and miners do not update their clients. This will prevent them from keeping payments to Master Nodes, something which is currently slowing down the average payments to Master Nodes.

Once enforcement of [Master] Node payments begins, the developers expect to see the number of Master Nodes increase from the current levels of 540 to around 1,000 to 2,000.

The use of Master Nodes and financially incentives through a share of the block rewards could be a way for other alt-coins and even Bitcoin to ensure their network is secured. [Astute crypto-investors will note the steep decline in hosted BTC blockchains. With no incentive to hang on to 40GB of blockchain, and many mobile devices incapable, lite clients are forced to internal, centralized and untrusted strategies to implement their wallets. Often without the users' knowledge. This also makes the BTC blockchain network less resilient by centralizing it. Master Nodes could rectify this problem, among many other potential uses that deserve payment/incentive.]

At present[,] each Node is expected to receive random payments of around 1 DRK per day,. bBut, like mining, the more nodes that join the network, the lower the reward per node. Thus, node operators are gambling the price of Darkcoin will continue to rise.

Darkcoin is now implementing its main anonymity features through the Master Nodes which are elected at random to carry out mixing of transactions. Once these features are added, additional services can be conducted through the Master Nodes, enabling them to earn fees.

The community has identified some of the service that could be conducted through Master Nodes, such as anonymous decentralised markets and anonymous decentralised stock exchanges, but some of the other options are being kept in secret development.

Once Darkcoin releases its anonymity features, the developers have committed to releasing the small remaining development aspects of Darkcoin source code to the community through a final open source release.

Some will note that this is not an entirely accurate description. Any attempt to dumb it down will result in inaccuracy, but I think this goes too far and reaches into falsehood.

Holy run-on sentences, Batman! I think the point could be better made by playing this sentence in reverse and breaking it up.

[To assure that Master Node operators have at least a general clue about what they're doing, they are required to tie-up 1000DRK as a Proof of Stake. Being that Proof of Stake is worthless on it's own, this Stake doesn't pay anything unless a Service is provided. Failure to secure and operate the node in a manner that allows it to provide said service would result in that 1000DRK Stake being stagnant. Since the wallet is in cold storage, no DRK is lost, but the operator won't make any money if s/he is unable/unwilling to maintain it in a manner that benefits the network.]

It should probably be mentioned that darkcoin choses a non-cipher anonymizing system to prevent the concern that a cipher could be broken in the future.

I'm also the guy who coined the term "Proof of Service." If you feel like reading back through this thread far enough to see, which you probably don't...

I require no mention, though that was nice to see.

[coins101]

 

[tifozi]

Any LTC buy wall that is being put up is getting dumped to by orders not in the ask side. https://bitcoinwisdom.com/markets/btce/ltcbtc

1000s of LTC getting dumped.

[splawik21]

Can you do simple math?  10% of $10000 is $1000.  Multiply that by 52 weeks = $52000.  So I don't know where you come up with $1,3000,000.  But this thread is so filled with misinformation, unrealistic expectations, and sugar coated everything, that it's no surprise that you would post this crap.

Use the tools.

So far there are http://drk.poolhash.org/masternode.html

07/02 00:54:31; active node count/len(set(poolhash.org): 516; payment per node/DRK: 1.116; payment per node/$: 8.975; last 576 blocks supply: 2880

1 MN * 1,116 = 33,48drk/month * 12 months = 401,76 drk / year

No sugar at all !

Do the homework....

btw... IMO there will be less coins than 400 / year...but the price for 1 drk will be higher so at the end you gain nice earnings anyway.

If you think to buy and setup a masternode there is no better moment than NOW

[AlexGR]

Here's the thing.  Even if people were to get full payments, will running a masternode still be a good investment?  I could take the same amount of btc that people have tied up in a masternode and likely make 10% in a week based on previous returns.

omg with those skills borrow and steal as much capital as you can and 100x it in a year.

The funny thing is that the first coin I ever mine was Darkcoin.  That was a long time ago.  Since then I've bought and sold Darkcoin dozens of times.  Making profit all along the way.

And I don't know what is so surprising about making 10% in crypto.  It's not that hard.  But the key is to buy low and sell high.  Not buy and hold.  Had I just held onto my Darkcoin like most people in this thread seem to do then no, I wouldn't make those kinds of gains.  

If you are in from the beginning (say 0.0000x to 0.001x) it is impossible to "win" with a buy low - sell high strategy. You will actually get more by holding - otherwise there will be a "high" -as you perceive it- in which you'll lose the coins and the train. Whether that's at 0.00018, 0.0005, 0.0015, 0.004, 0.005, or 0.008, 0.01, 0.014, 0.017, 0.02.

Only pre-knowledge of events and prices can guarantee gains in an an uptrend - as price might correct, or it might not and go crazy - where you lose your coins and then you trade to get back the losses from your selling (which will require A LOT of trading - if you miss a 5x train).

I've lost coins during the uptrend when trading, as I'm more proactive in my strategy than simply "holding". But the uptrend didn't work for me as I'd like. I'd make more by holding and playing it out the "stupid" way.