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

[DarkFanBoy101]

Usually the Dangers of a 51% attack with all Power concentrated in one pool vanishes when the hashes are spread between them, so the easiest would be to simply close registrations for the biggest pool and/or put a Banner on them addressing the Dangers and spreading the miners over to other, smaller pools to even everything out.

This will be a hard one, operators are usually in it to win it.

There are also enough which do it because of Enthusiasm and fun

Also the ones NOT working with the community are basically shooting in their own foot

The intentions of the operators are irrelevant. Most PoW currencies can be severely damaged by someone gaining control of 3-5 servers, whose IP addresses are known and whose operator identities and physical locations are easily discoverable.

Big money isn't going to come anywhere near this mickey mouse bullshit.

Agreed. We could have Santa Claus himself running the top three pools, and all it would take is a skilled hacker to hijack the mining pools' servers and launch a 51% attack.

You know how everybody is always saying "the banks are out to get us" or "the government is out to get us?" Well, if that was true, and either the banks or the government actually felt threatened in the slightest way by us, how hard would it be to track down a few guys (pool operators) and coerce them?

If anybody ever actually wanted to, they could kill any PoW crypto in the world fairly quickly. Everybody thinks crypto is decentralized, but in reality all those thousands of miners go through a very few "gateways."

May I remind folks that this is a problem ALL minable crypto currencies have.

Masternodes by 2016? will be rewarded 60% of the block rewards.
So the financial incentive will be alive and well to eliminate mining all together and masternodes take 100% of the rewards.

Most transactions will take place via masternodes and Instantx, making more of an incentive to boot old mining into the stone age.

Also,

One masternode earns 0.62drk per day (Currently)

For the equivalent in mining

30mhs x11 gets you around 0.64 Darkcoin per day, not including electricity!

Sell your mining gear and buy a node or two.

[1714948814]

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[tungfa]

*****Darkcoin GitHub Visualization*****

Ever wanted to see how hard Evan Duffield ( and team ) works?
Please Like and Share ( Thanks Tao )

https://www.youtube.com/watch?v=egDcPjd0JyI

Xn7cuHRKzMDkTTDxs5jtcXGZkLT5y6QDF9

That's amazing~!
Another subtitle: INNOVATION in Darkcoin!

lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yeah, I thought I saw that somewhere before...it's still pretty cool though for showing how active the Dev team really is...

why is it not working anymore

[tungfa]

*****Darkcoin GitHub Visualization*****

Ever wanted to see how hard Evan Duffield ( and team ) works?
Please Like and Share ( Thanks Tao )

https://www.youtube.com/watch?v=egDcPjd0JyI

Xn7cuHRKzMDkTTDxs5jtcXGZkLT5y6QDF9

That's amazing~!
Another subtitle: INNOVATION in Darkcoin!

lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yeah, I thought I saw that somewhere before...it's still pretty cool though for showing how active the Dev team really is...

why is it not working anymore

Works for me......

Tx
me too again, with my VPN no prob but does not on the phone !

I am still looking for the DRK Promotion video with the little yellow people in it !!!
Anybody remembers and knows where that is hiding ?
need that for something !
tx
 

[g4q34g4qg47ww]

This sounds like a perfect fit for Darkcoin's Masternode network: http://tendermint.com/docs/tendermint.pdf  

This looks like an interesting paper, read the abstract but will read the whole paper this evening when I have a bit of time on my hands! Thanks Crouton 

Walter

Hey Crouton
where did you get this paper from ?!

Found it floating unloved in the wilds of Alternative cryptocurrencies: https://bitcointalk.org/index.php?topic=866460.0

There is also a podcast in Let's Talk Bitcoin about published yesterday (not the main show, in Beyond Bitcoin):
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-21-consensus-without-mining

I haven't had the chance to read or listen yet

I sent Jae Kwon a message, he seemed really nice and was interested in drk. I pointed him towards the instantx paper and darkcoin github

[Lukas_Jackson]

This sounds like a perfect fit for Darkcoin's Masternode network: http://tendermint.com/docs/tendermint.pdf  

So there is no official testnet yet?

We already have a test of it on mainnet. We'll see what masternodes bring in the future

edit: test of a germ of it

[tungfa]

And Blue is officially The MAN
figured it out
tx brother ...>
 

[thelonecrouton]

This sounds like a perfect fit for Darkcoin's Masternode network: http://tendermint.com/docs/tendermint.pdf  

This looks like an interesting paper, read the abstract but will read the whole paper this evening when I have a bit of time on my hands! Thanks Crouton  

Walter

Hey Crouton
where did you get this paper from ?!

Found it floating unloved in the wilds of Alternative cryptocurrencies: https://bitcointalk.org/index.php?topic=866460.0

There is also a podcast in Let's Talk Bitcoin about published yesterday (not the main show, in Beyond Bitcoin):
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-21-consensus-without-mining

I haven't had the chance to read or listen yet

I sent Jae Kwon a message, he seemed really nice and was interested in drk. I pointed him towards the instantx paper and darkcoin github

Thanks for the link Fernando! That interview is well worth a listen, to put it mildly. Learned that you can FUBAR a PoW blockchain with just 25% of the hash, among other things...

We need to get Evan and Jae in a room together for a few hours...

[TaoOfSaatoshi]

*****Darkcoin GitHub Visualization*****

Ever wanted to see how hard Evan Duffield ( and team ) works?
Please Like and Share ( Thanks Tao )

https://www.youtube.com/watch?v=egDcPjd0JyI

Xn7cuHRKzMDkTTDxs5jtcXGZkLT5y6QDF9

That's amazing~!
Another subtitle: INNOVATION in Darkcoin!

lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yeah, I thought I saw that somewhere before...it's still pretty cool though for showing how active the Dev team really is...

why is it not working anymore

Works for me......

Tx
me too again, with my VPN no prob but does not on the phone !

I am still looking for the DRK Promotion video with the little yellow people in it !!!
Anybody remembers and knows where that is hiding ?
need that for something !
tx
 

The video requires flash, won't work on any non-flash enabled devices. Bitcoin Rush has the video, I will ask him for it....

[AlexGR]

https://www.youtube.com/watch?v=egDcPjd0JyI#t=220

Evan spotted in two places at once

[TaoOfSaatoshi]

*****Darkcoin GitHub Visualization*****

Ever wanted to see how hard Evan Duffield ( and team ) works?
Please Like and Share ( Thanks Tao )

https://www.youtube.com/watch?v=egDcPjd0JyI

Xn7cuHRKzMDkTTDxs5jtcXGZkLT5y6QDF9

That's amazing~!
Another subtitle: INNOVATION in Darkcoin!

lol... innovation?

https://code.google.com/p/gource/

You know he just recorded a video in low quality of an open source app that can create such a video from any git, svn, mercurial, etc repo, right?

Yeah, I thought I saw that somewhere before...it's still pretty cool though for showing how active the Dev team really is...

why is it not working anymore

Works for me......

Tx
me too again, with my VPN no prob but does not on the phone !

I am still looking for the DRK Promotion video with the little yellow people in it !!!
Anybody remembers and knows where that is hiding ?
need that for something !
tx
 

The video requires flash, won't work on any non-flash enabled devices. Bitcoin Rush has the video, I will ask him for it....

BTCRush has the same copy I sent to Tunga

I sent that same viddy to BTCRush :-)

I will not need to bother Mr. Rush then! Thanks!

[fernando]

This sounds like a perfect fit for Darkcoin's Masternode network: http://tendermint.com/docs/tendermint.pdf  

This looks like an interesting paper, read the abstract but will read the whole paper this evening when I have a bit of time on my hands! Thanks Crouton  

Walter

Hey Crouton
where did you get this paper from ?!

Found it floating unloved in the wilds of Alternative cryptocurrencies: https://bitcointalk.org/index.php?topic=866460.0

There is also a podcast in Let's Talk Bitcoin about published yesterday (not the main show, in Beyond Bitcoin):
http://letstalkbitcoin.com/blog/post/beyond-bitcoin-21-consensus-without-mining

I haven't had the chance to read or listen yet

I sent Jae Kwon a message, he seemed really nice and was interested in drk. I pointed him towards the instantx paper and darkcoin github

Thanks for the link Fernando! That interview is well worth a listen, to put it mildly. Learned that you can FUBAR a PoW blockchain with just 25% of the hash, among other things...

We need to get Evan and Jae in a room together for a few hours...

I'm not really into mining, but there are many interesting innovations out there.

This summer they published another interview with a couple guys that have defined what they call 2 factor mining. It makes it very difficult to get to high percentages of hash power precisely because of the risk starting at 25%. Basically, to solve the block you need to solve two problems. The first one is normal PoW, but for the second you need your private key. You can adjust the difficulty of the second problem to be a percentage of the first one. That would limit the growth of pools because for the second one they would have to use their own miners, so they could not accept more miners that what they can cover. At a 10% difficulty of the first problem they would need to directly control 10% of the hashing power they have:

http://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-126-make-it-costly-to-be-big

[crackfoo]

The latest shift for the Darkcoin multipool paid out over 74 DRK.

This pool could use some more mining support, especially on the SHA256 & Scrypt side. X11 has been seeing more support lately but with the increased average DRK diff and lower block rewards for miners we could use another 4-500+Mh/s to stabilize the profitability. Mining here should net you the around the same amount or better as you would mining elsewhere, with the side effect of putting upward pressure on the price of DRK.

Cheers!

[innergy]

How long the Cryptsy wallet will be "under maintenance"?

[KryptoFoo]

Another interesting reminder why you want to use Darkcoin:

Visualizing Silk Road 2.0 Bitcoin Relationships
http://blog.coinalytics.co/visualizing-silk-road-20-relationships

[kadrek]

Is there any danger of losing my coins when running a MN? Are they stored on the VPS or on my own computer? Also, how much does VULTR cost per month to run a MN?

[Lebubar]

Is there any danger of losing my coins when running a MN?
-No because the coin are in your local wallet (just make backup regurarly)
 Are they stored on the VPS or on my own computer?
No there are not on the VPS :  there is a local/remote configuration and the coin are in the local wallet on your computer
 Also, how much does VULTR cost per month to run a MN?
5$/per month (can be pay with PayPal), but you can only have 5 VPS, if you want more you have to fill and send back more information about yourself.
That why my 6th and later are on DigitalOcean

https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/

Cheers

[kadrek]

Is there any danger of losing my coins when running a MN?
-No because the coin are in your local wallet (just make backup regurarly)
 Are they stored on the VPS or on my own computer?
No there are not on the VPS :  there is a local/remote configuration and the coin are in the local wallet on your computer
 Also, how much does VULTR cost per month to run a MN?
5$/per month (can be pay with PayPal), but you can only have 5 VPS, if you want more you have to fill and send back more information about yourself.
That why my 6th and later are on DigitalOcean

https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/

Cheers

Thanks!

[superplus]

Another interesting reminder why you want to use Darkcoin:

Visualizing Silk Road 2.0 Bitcoin Relationships
http://blog.coinalytics.co/visualizing-silk-road-20-relationships

darkcoin is already ready to use, not shure why they don't integrate it. maybe they are not aware of it...

[oblox]

Is there any danger of losing my coins when running a MN?
-No because the coin are in your local wallet (just make backup regurarly)
 Are they stored on the VPS or on my own computer?
No there are not on the VPS :  there is a local/remote configuration and the coin are in the local wallet on your computer
 Also, how much does VULTR cost per month to run a MN?
5$/per month (can be pay with PayPal), but you can only have 5 VPS, if you want more you have to fill and send back more information about yourself.
That why my 6th and later are on DigitalOcean

https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/

Cheers

I never had to send any additional information to increase my instance limit on vultr... just asked the support to increase.

[Lebubar]

Is there any danger of losing my coins when running a MN?
-No because the coin are in your local wallet (just make backup regurarly)
 Are they stored on the VPS or on my own computer?
No there are not on the VPS :  there is a local/remote configuration and the coin are in the local wallet on your computer
 Also, how much does VULTR cost per month to run a MN?
5$/per month (can be pay with PayPal), but you can only have 5 VPS, if you want more you have to fill and send back more information about yourself.
That why my 6th and later are on DigitalOcean

https://darkcointalk.org/threads/taos-masternode-setup-guide-for-dummies.2680/

Cheers

I never had to send any additional information to increase my instance limit on vultr... just asked the support to increase.

Hmmm I open a ticket and they send me a form to be filled with credit card information... So I didn't make it =)

Theysend me this link ....
https://my.vultr.com/billing/cc_auth_form.pdf