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

[thelonecrouton]

TestNet MN's runs parallel to normal MN's (which still gets paid) on the same VPS ?!
what funding recourses do you mean ?

No, often (usually?) people pay for additional VPS instances just for use on testnet. It's better than having an unstable testnet daemon cripple your live MN.

[1714490148]

1714490148

[1714490148]

1714490148

[toknormal]

http://fortune.com/2015/01/20/coinbase-raises-75-million-in-largest-ever-vc-round-for-bitcoin-company/

F*ck.

That just shows you. Most serious investors don't give a hoot about the price - they're more interested in getting in at ground level on this technology.

That will raise a few eyebrows because it's about 20% of the entire 2014 VC budget across the industry just in 1 round for 1 company.

Financial Times: http://blogs.ft.com/tech-blog/2015/01/bitcoin-company-gets-a-stamp-of-approval-from-nyse-and-bbva/

Also, look at who the 'VC's' are - it isn't just some bunch of rish crypto nerds, it's mainstream money market people and........banks !! BBVA is the second biggest bank in Spain. This is big. http://en.wikipedia.org/wiki/Banco_Bilbao_Vizcaya_Argentaria

That's coinbase had $100 million in funding - what are they going to do with that ?

This is all starting to look very reminiscent if 1994 WWW. The longer it goes on the more Bitcion and it's associated cryptocurrencies aren't going away.

EDIT: A google news search for BBVA results in top hits for this news. Similarly for NYSE.

[dihydrogenmonoxide]

TestNet MN's runs parallel to normal MN's (which still gets paid) on the same VPS ?!
what funding recourses do you mean ?

No, often (usually?) people pay for additional VPS instances just for use on testnet. It's better than having an unstable testnet daemon cripple your live MN.

Correct, separation of concerns. Never mix test resources with production resources.

[thelonecrouton]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

[RenegadeMan]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

I would suggest they're a well connected company with a substantial entrepreneurial spirit that's likely to see them achieve something pretty impressive. Just because they're the people that are using the blockchain to determine when their customers are sending or receiving funds from gambling sites doesn't mean they don't know what they're doing and they're not going to bring vast numbers of new people into crypto. I think overall it will be good and we'll see a lot more focus from the mainstream.

I think your comment is ignorant in the classic way that a techo-propeller head has a very simplistic view on how bushinesses work, what's of value and what's going to be acceptable to people that have money to invest. Stick to what you understand before you blurt out something that just demonstrates how unknowledgeable on a subject like this you are.

[coins101]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

bitcoin tracking software.

let them get really, really good at tracking people. I hope they raise another $1bn to do that 

[tungfa]

TestNet MN's runs parallel to normal MN's (which still gets paid) on the same VPS ?!
what funding recourses do you mean ?

No, often (usually?) people pay for additional VPS instances just for use on testnet. It's better than having an unstable testnet daemon cripple your live MN.

Ah ok
tx for the details !

[stonehedge]

Hello guys,

Does anyone experience frequent crashes of the Darkcoin QT (newest version for MAC OS) on a macbook air? If needed, I still have my crash report.
Thanks.

I've had this problem for a few versions now to the point that I no longer have QT on my Air.  

[stonehedge]

TestNet MN's runs parallel to normal MN's (which still gets paid) on the same VPS ?!
what funding recourses do you mean ?

No, often (usually?) people pay for additional VPS instances just for use on testnet. It's better than having an unstable testnet daemon cripple your live MN.

Ah ok
tx for the details !

Yup, a number of people pay for VPS instances to be used solely on testnet so they can be used for masternode testing and also for wallets to sit there and auto mix coins.

[Rux]

prophet said: i see 0.016 until end of week

let there be rain

[stonehedge]

prophet said: i see 0.016 until end of week

let there be rain

Amen to that.

[Rux]

i just dont understand how can someone sell at these prices.... when you see someone want big part of Darkcoin

so to all traders, sellers... just dont give under 0.01 and in 2 days woala!

[thelonecrouton]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

I would suggest they're a well connected company with a substantial entrepreneurial spirit that's likely to see them achieve something pretty impressive. Just because they're the people that are using the blockchain to determine when their customers are sending or receiving funds from gambling sites doesn't mean they don't know what they're doing and they're not going to bring vast numbers of new people into crypto. I think overall it will be good and we'll see a lot more focus from the mainstream.

I think your comment is ignorant in the classic way that a techo-propeller head has a very simplistic view on how bushinesses work, what's of value and what's going to be acceptable to people that have money to invest. Stick to what you understand before you blurt out something that just demonstrates how unknowledgeable on a subject like this you are.

So, you have no idea what they need $100 million for either.  

What/where is the revenue stream that's going to earn back that investment? What lasting assets are going to be produced or bought with it? Sounds like a VC firm needed a quick tax write-off.

[kiindje]

guys,

is there anyone who can point me to an understandable guide of the start-many setup?

i understand that this should now work properly?

although i haven't found a thread yet where this is well explained.

tx

[coins101]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

I would suggest they're a well connected company with a substantial entrepreneurial spirit that's likely to see them achieve something pretty impressive. Just because they're the people that are using the blockchain to determine when their customers are sending or receiving funds from gambling sites doesn't mean they don't know what they're doing and they're not going to bring vast numbers of new people into crypto. I think overall it will be good and we'll see a lot more focus from the mainstream.

I think your comment is ignorant in the classic way that a techo-propeller head has a very simplistic view on how bushinesses work, what's of value and what's going to be acceptable to people that have money to invest. Stick to what you understand before you blurt out something that just demonstrates how unknowledgeable on a subject like this you are.

So, you have no idea what they need $100 million for either.  

What/where is the revenue stream that's going to earn back that investment? What lasting assets are going to be produced or bought with it? Sounds like a VC firm needed a quick tax write-off.

I've had to open several business units at the same time in different jurisdictions. It's very capital intensive. They are raising the funding to hire local people, consultants, accounting/legal support firms, apply for regulation (and have capital sitting on the books to demonstrate capital adequacy), office space, local IT infrastructure, translation, marketing, general working capital during start-up phase.

They also need to bolster central overheads to cope with the increased admin of overseas operations. Overseas travel and accommodation itself can cost $1m / year for a company that wants to grow at the same rate they do.  

They will be burning through capital at a high rate for the next 2 years before they start to see a return on capital. But they are a first mover and can do deals with global firms very easily now.

What's the point when an individual and or merchant can download a bitcoin wallet and manage their affairs? Well, they want to create smoke and mirrors to earn a percentage of online retail transactions. There is also no doubt that retailers haven't got it yet and just want to sell xyz and cash out to fiat straightaway.

The Coinbase business model evaporates when customers, retailers, suppliers and employees all use crypto - that's where Darkcoin's future is - but it won't get there with Darkcoin as a name (I've always said that and I've always said the name suits and is in fact an asset to early phase growth until DRK starts to knock on the doors of mainstream use).

Sorry about that. I've just had a shot of caffeine  

[7vpo]

prophet said: i see 0.016 until end of week

let there be rain

Dream...

[thelonecrouton]

guys,

is there anyone who can point me to an understandable guide of the start-many setup?

i understand that this should now work properly?

although i haven't found a thread yet where this is well explained.

tx

It works perfectly, and is very easy. Instructions are in the download archive, look for /src/darkcoin.version-number/doc/masternode_conf.md

In short:
1. Import your existing privkeys into a new or an existing wallet. Preferably a new up to date wallet.
2. Make a textfile called masternode.conf, structure it according to the directions in masternode_conf.md
3. Unlock your wallet with 'walletpassphrase <passphrase> <time-in-seconds>' and issue 'masternode start-many' at the console.

[RenegadeMan]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

I would suggest they're a well connected company with a substantial entrepreneurial spirit that's likely to see them achieve something pretty impressive. Just because they're the people that are using the blockchain to determine when their customers are sending or receiving funds from gambling sites doesn't mean they don't know what they're doing and they're not going to bring vast numbers of new people into crypto. I think overall it will be good and we'll see a lot more focus from the mainstream.

I think your comment is ignorant in the classic way that a techo-propeller head has a very simplistic view on how bushinesses work, what's of value and what's going to be acceptable to people that have money to invest. Stick to what you understand before you blurt out something that just demonstrates how unknowledgeable on a subject like this you are.

So, you have no idea what they need $100 million for either.  

What/where is the revenue stream that's going to earn back that investment? What lasting assets are going to be produced or bought with it? Sounds like a VC firm needed a quick tax write-off.

No, I have no idea either, but you don't get the sort of pedigree corporates and high-net-worth individuals involved if they don't have some pretty serious plans. That's what I'm saying, to just make a disparaging remark and a condescending "flick-away" is ignorant in the face of the companies and personnel taking part. DFJ Growth (who're known for investing in disruptive technology startups), Andreessen Horowitz, Union Square Ventures, Ribbit Capital, the NYSE, BBVA (the Spanish bank), DoCoMo Capital (part of NTT, the huge Japanese telco) and they've taken personal investments from former Citigroup CEO Vikram Pandit and former Thomson Reuters CEO Tom Glocer.

Tax write off - I don't think so. This is definitely a "watch this space" undertaking. I expect there will be some tremendous initiatives that will come from it and also probably some NY BitLicense-style stuff-ups that will be very much on the nose with all of us Darkcoin type of people too. Regardless of the direction they take this is very big news for the crypto world.

[thelonecrouton]

That's coinbase had $100 million in funding - what are they going to do with that ?

What the christ does coinbase need $100 million for? They're a fucking online Bitcoin wallet, which is a stupid idea to begin with.

I would suggest they're a well connected company with a substantial entrepreneurial spirit that's likely to see them achieve something pretty impressive. Just because they're the people that are using the blockchain to determine when their customers are sending or receiving funds from gambling sites doesn't mean they don't know what they're doing and they're not going to bring vast numbers of new people into crypto. I think overall it will be good and we'll see a lot more focus from the mainstream.

I think your comment is ignorant in the classic way that a techo-propeller head has a very simplistic view on how bushinesses work, what's of value and what's going to be acceptable to people that have money to invest. Stick to what you understand before you blurt out something that just demonstrates how unknowledgeable on a subject like this you are.

So, you have no idea what they need $100 million for either.  

What/where is the revenue stream that's going to earn back that investment? What lasting assets are going to be produced or bought with it? Sounds like a VC firm needed a quick tax write-off.

I've had to open several business units at the same time in different jurisdictions. It's very capital intensive. They are raising the funding to hire local people, consultants, accounting/legal support firms, apply for regulation (and have capital sitting on the books to demonstrate capital adequacy), office space, local IT infrastructure, translation, marketing, general working capital during start-up phase.

They also need to bolster central overheads to cope with the increased admin of overseas operations. Overseas travel and accommodation itself can cost $1m / year for a company that wants to grow at the same rate they do.  

They will be burning through capital at a high rate for the next 2 years before they start to see a return on capital. But they are a first mover and can do deals with global firms very easily now.

What's the point when an individual and or merchant can download a bitcoin wallet and manage their affairs? Well, they want to create smoke and mirrors to earn a percentage of online retail transactions. There is also no doubt that retailers haven't got it yet and just want to sell xyz and cash out to fiat straightaway.

The Coinbase business model evaporates when customers, retailers, suppliers and employees all use crypto - that's where Darkcoin's future is - but it won't get there with Darkcoin as a name (I've always said that and I've always said the name suits and is in fact an asset to early phase growth until DRK starts to knock on the doors of mainstream use).

Sorry about that. I've just had a shot of caffeine  

Oh I understand how they're going to spend it.    -  Just a bit unclear on how they're going to, you know, earn much of it back at any time within the next thousand years...

[Terzo2]

Let Otoh  buy drk ! We need more masternodes !