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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9722547 times)
salmion
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July 04, 2014, 09:37:55 AM
 #41901

How will they control the number of masternodes if there becomes too many?
Guessing it will be first in first serve but don't know how that could be regulated.
Double MN reward to 40%.

But wouldn't raising reward increase node count? Smiley

I wouldn't raise the reward.. I think much more and miners will revolt.
Spratan
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July 04, 2014, 09:50:33 AM
 #41902

Just wondering after seeing rich list again
http://bitinfocharts.com/top-100-richest-darkcoin-addresses-2.html

1/ There are only 921 adresses with 1,000 DRK or more. Only 200 with 2,000 DRK or more.

An address can have many multiple of 1,000 DRKs, but we can expect that most of Darcoiners with more than 2K have already set up their Masternodes ! It would be interesting to know what kind of investors are contracting Ghostplayer or ozziecoin now to help them setting up a MN (1 MN max or still 5 MN in an row)

So can we conclude there will be no more than 1,000 Masternodes in 2 months, and will hardly increase now ?

Except if something like a pool exist. And not sure it will be really used, because only 14% of  DRKs left, and whales are still accumulating each day. 14% is something like 500 000 coins, and they are used for trading or speculating, so it will be unlikely to reach 100 MN more with a "pool" program.


2/ Is there a plan to consider MN like a "Token", an "asset" we could trade like Ghask on cex.io or in Nxt and Counterparty Assets Exchanges ?

My point is If MN are earning 25%/year (replace if incorrect), it could become one of the best investment outside cryptoland.
You can easilly beat 25%/year with trading, so we are not talking about cryptotraders rushing to acquire MN, but you can't either beat a 25%/year in a program, speculation apart.

You would argue that the variable is the volatility but with 86% of the coins owning to whales and little by little blocked in MN, i don't expect anything expect a steady rise.

There are hundreds of millions injected in online HYIP program, most of them still attracting people with other forms of "anon" payments (egopay...). The ROI from MN is better than HYIP programm ones. Most of them are although scam and ponzi, unlike DRK MN which are tangible assets ! Furthermore, it is not day-trading, you have nothing to do and you can easily pay someone to update - if needed.
You are not giving your money to someone else, you are not risking your capital. You are not buying miners instead which can be obsolete.

And we are sure there will be other uses and more earnings, like fees on a darkmarket, etc.
You even can mine with the VPS.

The only requisite to attract online investors inside and outside cryptoland would be to treat MN as an asset, with a very clear online program, like Cex.io with hashrates.

Evan has found the new way to incentive people to pay and set up servers, with unlimited opportunities and earnings.
The value of DRK is not in anon. features, neither in RC3-4-X news, but in this proof of service, and DRK is far ahead from clones on that point. No clone has seen this, they are still trying to find anon.features...

Excellent post.

I agree, I think about 1000 MNs is where we'll end up, assuming the current model remains, which will be roughly 0.5DRK/MN/day or roughly 18% ROI annually just from Service Infrastructure Reward, that's SIR to you...  Tongue

Add in some other MN services and it's potentially much more. What other MN services? Well, think of anything that would benefit from decentralised secure private comms. The MN network could basically rival TOR for anonymity but beat the pants off it in speed... and anyone moaning that 1000 MNs does not constitute 'decentralised' needs to remember that the model and protocol are extensible...

Just a bump to say why I am still accumulating DRK.

In "real life" people are rushing to find returns like 5% per year in interests or dividends, and are willing to take enormous risk if earning more, even in Ponzi and other HYIP online programs in Panama...

Just "package" MN and we have the best and most secure investment in the world.
It is regular interests, whitout any skill needed and without need to give your money to anyone.
chaeplin
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July 04, 2014, 10:05:32 AM
 #41903

Graph added : http://drk.poolhash.org/mnode.html.
Update every 30 min.

thelonecrouton
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July 04, 2014, 10:08:06 AM
 #41904

How will they control the number of masternodes if there becomes too many?
Guessing it will be first in first serve but don't know how that could be regulated.
Double MN reward to 40%.

But wouldn't raising reward increase node count? Smiley

I wouldn't raise the reward.. I think much more and miners will revolt.

I agree. I mine and run nodes, 80/20 is a good split. And everyone bitching about '500 MNs isn't decentralised!' should dwell for a moment on pools vs p2pool and shift their rigs to p2pool. In fact I would be VERY happy to see some kind of incentive to increase p2pool adoption beyond the obvious one that it makes the currency more resilient and is in everyone's interest anyway.

And the number of possible masternodes is limited to total minted coins/1000, so ~4300 theoretical max MNs about now. (Assuming the 1000DRK requirement remains the same) - I think we'll settle at about a thousand, which in terms of ROI is still bloody fantastic by most investment standards.

Sniggly
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July 04, 2014, 10:18:29 AM
 #41905

How will they control the number of masternodes if there becomes too many?
Guessing it will be first in first serve but don't know how that could be regulated.
Double MN reward to 40%.

But wouldn't raising reward increase node count? Smiley

I wouldn't raise the reward.. I think much more and miners will revolt.

The Maternode system within Darkcoin will be self regulating.  It does not need intervention.  Spontaneous organization derived from self interest. When the Masternode count gets too high the symptom will be low profit. Consequently some will not run them.  Masternode count goes down, profit goes up...etc.
georgem
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July 04, 2014, 10:28:30 AM
 #41906

Today's GIF: A strong reminder about the core value of Darkcoin: Privacy.




Brilliant! We should post this around to make it viral!
0.5 drk flies your way Wink

Thanks Drobek for your kind donation.
Ofcourse feel free to share/remix/distribute the GIF the way you like.

PS: Working on the next GIF as we speak.  Wink
Will be difficult to top the last one, but I'll try...

Terzo
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July 04, 2014, 10:34:24 AM
 #41907

XC, CLOACK AND MONERO ARE RAPING US !
dotnetmin
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July 04, 2014, 10:34:55 AM
 #41908

How will they control the number of masternodes if there becomes too many?
Guessing it will be first in first serve but don't know how that could be regulated.
Double MN reward to 40%.

But wouldn't raising reward increase node count? Smiley

I wouldn't raise the reward.. I think much more and miners will revolt.

The Maternode system within Darkcoin will be self regulating.  It does not need intervention.  Spontaneous organization derived from self interest. When the Masternode count gets too high the symptom will be low profit. Consequently some will not run them.  Masternode count goes down, profit goes up...etc.


All these parameters dedend on price of 1DRK and it will regulate itself. End of such a self regulating loop is only the final end of a coin ( no one is longer interested in or technical fault )
Only  thing i see the count of masternodes go down is because of price will rise over some levels and a lot of people sell because off taking profit. New ones won´t pop up because of too high pricelevel
to run a 1k node.

But these are things we do not have to care about now.
dotnetmin
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July 04, 2014, 10:45:54 AM
Last edit: July 04, 2014, 10:57:57 AM by dotnetmin
 #41909

...
It´s only because people in crypto are only very very short time focused. They don´t care about fundamentials and coins itself.
It´s all only for a short time profit, wathever or whoever promises something they change the horse.
DRK momentary has nothing to deliver within the next days, so they sell DRK an buy any shit promising anything,  also if they already know it a scam.
It´s only to go out quicker than others. It has nothing to do with long time investment.
Using the word "investment" in crypto is also a joke. It´s only buying a short time lottery ticket and get out out of the lottery as
soon as something happens that could cause a sell panik or only a grouped insider action.

After months in this scene i come to conclusion that no coin ever will become a mainstream investment.
hartvercoint
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July 04, 2014, 10:48:35 AM
 #41910

Why would you quote him.... why...
gloryninja
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July 04, 2014, 10:50:35 AM
 #41911

XC, CLOACK AND MONERO ARE RAPING US !
It´s only because people in crypto are only very very short time focused. They don´t care about fundamentials and coins itself.
It´s all only for a short time profit, wathever or whoever promises something they change the horse.
DRK momentary has nothing to deliver within the next days, so they sell DRK an buy any shit promising anything,  also if they already know it a scam.
It´s only to go out quicker than others. It has nothing to do with long time investment.
Using the word "investment" in crypto is also a joke. It´s only buying a short time lottery ticket and get out out of the lottery as
soon as something happens that could cause a sell panik or only a grouped insider action.

After months in this scene i come to conclusion that no coin ever will become a mainstream investment.

except for XXXcoin maybe? a lot of development going on with that coin.

Im still holding onto my DRK since the beginning, even if i sell now, its all profit but i think the price is cheap for where it is atm.

Custom Built Gaming Desktops and GPU Rigs!
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July 04, 2014, 10:52:45 AM
 #41912

XC, CLOACK AND MONERO ARE RAPING US !
It´s only because people in crypto are only very very short time focused. They don´t care about fundamentials and coins itself.
It´s all only for a short time profit, wathever or whoever promises something they change the horse.
DRK momentary has nothing to deliver within the next days, so they sell DRK an buy any shit promising anything,  also if they already know it a scam.
It´s only to go out quicker than others. It has nothing to do with long time investment.
Using the word "investment" in crypto is also a joke. It´s only buying a short time lottery ticket and get out out of the lottery as
soon as something happens that could cause a sell panik or only a grouped insider action.

After months in this scene i come to conclusion that no coin ever will become a mainstream investment.

We hope that DRK will bevome mainstream !
salmion
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July 04, 2014, 10:53:06 AM
 #41913

Yup people will come back with their profits as soon as dark starts gathering momentum upward again. Stable and creeping back up is fine for now. Traders will trade. We are still rather cheap now IMO.. but RC4 will be exciting times. It's like knowing that you are going to have a surprise birthday party but not knowing the day.

Be Ready Smiley
Terzo
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July 04, 2014, 10:57:35 AM
 #41914

Yup people will come back with their profits as soon as dark starts gathering momentum upward again. Stable and creeping back up is fine for now. Traders will trade. We are still rather cheap now IMO.. but RC4 will be exciting times. It's like knowing that you are going to have a surprise birthday party but not knowing the day.

Be Ready Smiley

We know the date ! Its july 14th !
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July 04, 2014, 10:58:37 AM
 #41915

I watch and day trade and mine dark previous months like other coins.Now I can see what it can be go on at position second important coin minimum in very short or middle term till end of summer , and have potential in long term even bypass btc. Starting  from tomorrow I have put  80% my btc funds in dark .
salmion
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July 04, 2014, 11:01:19 AM
 #41916

Yup people will come back with their profits as soon as dark starts gathering momentum upward again. Stable and creeping back up is fine for now. Traders will trade. We are still rather cheap now IMO.. but RC4 will be exciting times. It's like knowing that you are going to have a surprise birthday party but not knowing the day.

Be Ready Smiley

We know the date ! Its july 14th !

Wat!?YIS!! Where's the official announcement?
thefrog
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July 04, 2014, 11:11:43 AM
 #41917

How will they control the number of masternodes if there becomes too many?
Guessing it will be first in first serve but don't know how that could be regulated.
Double MN reward to 40%.

But wouldn't raising reward increase node count? Smiley

 Grin

You see where this is going?
To the moon.

40% of coins that were mined by miners ?
who would mine then the coin ? when almost 1/2 of your work is just taken away ?

Is  rewarding master nodes, and taking money from the miners the way to go ?
thelonecrouton
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July 04, 2014, 11:12:53 AM
 #41918

Yup people will come back with their profits as soon as dark starts gathering momentum upward again. Stable and creeping back up is fine for now. Traders will trade. We are still rather cheap now IMO.. but RC4 will be exciting times. It's like knowing that you are going to have a surprise birthday party but not knowing the day.

Be Ready Smiley

We know the date ! Its july 14th !

Wat!?YIS!! Where's the official announcement?
Terzo is a fuckwit, ignore him.
khuram8494
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July 04, 2014, 11:15:02 AM
 #41919

i just dn't get it tell me something more what is it. this is like another prespective showing up  Huh
ImI
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July 04, 2014, 11:16:56 AM
 #41920

How will they control the number of masternodes if there becomes too many?
Guessing it will be first in first serve but don't know how that could be regulated.
Double MN reward to 40%.

But wouldn't raising reward increase node count? Smiley

 Grin

You see where this is going?
To the moon.

40% of coins that were mined by miners ?
who would mine then the coin ? when almost 1/2 of your work is just taken away ?

Is  rewarding master nodes, and taking money from the miners the way to go ?


lol! you dont get it right?  Wink

doubling the reward would lead to doubling the MNs. in terms of halving the MNs the reward would have to fall to 10%.

another option would be to raise the DRK amount per MN to 2000 DRK

Quote
who would mine then the coin ?

learn the basics of cryptocurrencies.

if its not profitable anymore to mine DRK, hashrate would drop and therefore difficulty would drop until a point is reached where its profitable again to mine DRK. so no problem at all.
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