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

[BlockaFett]

sorry to interrupt guys (and girls) but it looks like the proof of service is getting integrated into v.0.11.2
(which is still in testing phase by the way). https://github.com/darkcoin/darkcoin/commits/v0.11.2.x

Proof of service seems to bring the following (subject to change as its still in testing phase) :

- Ensures ports remain open and client are responsive to IX requests.
- Completely 100% decentralized. This farms out the work of checking the masternode network to the masternode network. 1% of the network is determistically selected to check another 1% of the network each block. It takes six separate checks to deactivate a node, thus making it tamper proof.
- Nodes are kept in the masternode list if they fail enough PoSe checks to deactivate. They will continue to be checked until the operator fixes them. However they will not be paid while they're failing checks.
 
exciting developments

qwizzie

discussion has began here if anyone cares to leave the fudding...

https://darkcointalk.org/threads/posvc-implimentation-discussion.4344

What's the Proof Of Service is there revenue to MN owners for hosting future services?

[thelonecrouton]

sorry to interrupt guys (and girls) but it looks like the proof of service is getting integrated into v.0.11.2
(which is still in testing phase by the way). https://github.com/darkcoin/darkcoin/commits/v0.11.2.x

Proof of service seems to bring the following (subject to change as its still in testing phase) :

- Ensures ports remain open and client are responsive to IX requests.
- Completely 100% decentralized. This farms out the work of checking the masternode network to the masternode network. 1% of the network is determistically selected to check another 1% of the network each block. It takes six separate checks to deactivate a node, thus making it tamper proof.
- Nodes are kept in the masternode list if they fail enough PoSe checks to deactivate. They will continue to be checked until the operator fixes them. However they will not be paid while they're failing checks.
 
exciting developments

qwizzie

Pity 90% of the hashrate is centralised via 3 pools.

Why not shift blockchain security to the Masternodes using a similar Proof of Service model? It would be literally thousands of times more secure than the current useless arrangement of miners.

That's one of the primary reasons POS coins suck is because the largest holders are also responsible for the new money supply. With a POW mining scheme, anyone can fire up some hash and try mining to obtain coins. If it was strictly masternodes securing the network, only those with capital (namely 1k blocks) get new coins unless a person goes out and buys them.

Because it's impossible for a group of people to club together and run a Masternode, right? 

[splawik21]

^ Renegade it's best to ignore because it's just FUD at this stage - I explained to arielbit and MyFarm several times they don't respond and keep posting the same thing like it hasn't been dealt with = FUD.

I do agree. I read every single post and appreciate all your effort for explayning how the things work. I enjoyed it much.
Now on ignore. MyFarm I didnt think I would do that. Bye.

[RenegadeMan]

using these products analogy is simply retarded.. crypto currency is closer to stocks than products like big mac, banana etc.

nope, crypto currency is legally property as is a big mac. Neither convey any legal rights other than under property law. Shares on the other hand convey rights under company law including a share of ownership of the actual brand.  (look at it like shares are property with additional rights under company law, crypto currencies don't have those as they are just property)

i am not a lawyer..but why do i feel that darkcoin is destroying my property and creating confusion by buying and selling their property under my property's name?

FFS GO AND TALK TO YOUR DEV!!!!!

Dev's done a runner?

Well there's no one to talk to then. This is what happens with anon devs.

DRK is not "destroying your property"!!!

Man oh man...this is just becoming SOOOO tedious!

why buy our dev, github and other accounts? what is the purpose? unless dash dev go out on a selling spree like a sidewalk vendor (slb:dash github for sale..anybody?)

You're asking the wrong people!

This is similar to you being on holidays and returning home to find the neighbours next door who you've have a fond relationship with have suddenly sold up and left without any word and there are new people in that house. So, instead of contacting your old neighbours and asking them what's happened and why did they leave without any warning, you're at the front door of the house banging on it continually saying "Why did you buy this house!!?? Why?? I feel like you've destroyed my relationship with my old neighbours!! Why did you do this!!??" And then when the new people say "You really need to take it up with your old neighbours" you say "I don't know where they've gone and I can't contact them" and then start repeating all over again "Why did you buy this house!!?? Why?? I feel like you've destroyed my relationship with my old neighbours!! Why did you do this!!??"

Can you see how futile this is?

You need to direct your queries to the Dashcoin dev and if you can't contact him then you need to decide whether to exit your DSH position (which is now about 4 time more valuable than it was just a week ago as a result of all of this) or continue on with DSH on a forked version. That's what you bought into when you bought a crypto from an anonymous developer.

bought a crypto from an anonymous developer

turning cryptos to big macs again?..myfarm has a better analogy on housing, read back a few pages.

nonsensical reply that's void of anything relating to the core concept I just laid out for you i.e. for these, your questions:

why buy our dev, github and other accounts? what is the purpose?

I'll re-iterate it again: "you're asking the wrong people"

It's that simple.

[oblox]

sorry to interrupt guys (and girls) but it looks like the proof of service is getting integrated into v.0.11.2
(which is still in testing phase by the way). https://github.com/darkcoin/darkcoin/commits/v0.11.2.x

Proof of service seems to bring the following (subject to change as its still in testing phase) :

- Ensures ports remain open and client are responsive to IX requests.
- Completely 100% decentralized. This farms out the work of checking the masternode network to the masternode network. 1% of the network is determistically selected to check another 1% of the network each block. It takes six separate checks to deactivate a node, thus making it tamper proof.
- Nodes are kept in the masternode list if they fail enough PoSe checks to deactivate. They will continue to be checked until the operator fixes them. However they will not be paid while they're failing checks.
 
exciting developments

qwizzie

Pity 90% of the hashrate is centralised via 3 pools.

Why not shift blockchain security to the Masternodes using a similar Proof of Service model? It would be literally thousands of times more secure than the current useless arrangement of miners.

That's one of the primary reasons POS coins suck is because the largest holders are also responsible for the new money supply. With a POW mining scheme, anyone can fire up some hash and try mining to obtain coins. If it was strictly masternodes securing the network, only those with capital (namely 1k blocks) get new coins unless a person goes out and buys them.

Because it's impossible for a group of people to club together and run a Masternode, right? 

Because it's so realistic for miners to remain connected to rogue pools, right?

[hashmoon]

there was restaurant opened with the name mang donalds or mang donald (i don't remember exactly)...mcdonalds sue them and won.. dash and dashcoin seems like an easy win here.

if mang donalds bought mcdonalds then mcdonalds is dead..
dashcoin and DASH are software projects, coin owner  are 'users' not  owner of the brand

[crowning]

Yet what Evan has done is set precedent saying it is ok to take over a coin by buying out the dev and taking over the repo.  This creates a MASSIVE centralization issue for Darkcoin.

That's not 100% correct:

• Darkcoin is open source with MIT/X11 license. Everyone can take over and continue. The nice repository name would be gone, that's all.
• If Evan has the right on the name "Darkcoin", the name would be lost. Tragic....

So imagine the worst case scenario, Evan sells the name "Darkcoin", sells the repository and buys a yacht.

The next thing which would happen:
Yours truly would fork the original Darkcoin repository, rename the whole shebang (I think "Dash" would be a cool name), build wallets for Windows, Linux and OSX, inform the community and call it a day.
Nobody would lose a single coin. All Masternodes would still run.

The _value_ of the coin would most probably go down for a while during that process, though.
Annoying, yes, but not the end of the world.

[thelonecrouton]

sorry to interrupt guys (and girls) but it looks like the proof of service is getting integrated into v.0.11.2
(which is still in testing phase by the way). https://github.com/darkcoin/darkcoin/commits/v0.11.2.x

Proof of service seems to bring the following (subject to change as its still in testing phase) :

- Ensures ports remain open and client are responsive to IX requests.
- Completely 100% decentralized. This farms out the work of checking the masternode network to the masternode network. 1% of the network is determistically selected to check another 1% of the network each block. It takes six separate checks to deactivate a node, thus making it tamper proof.
- Nodes are kept in the masternode list if they fail enough PoSe checks to deactivate. They will continue to be checked until the operator fixes them. However they will not be paid while they're failing checks.
 
exciting developments

qwizzie

Pity 90% of the hashrate is centralised via 3 pools.

Why not shift blockchain security to the Masternodes using a similar Proof of Service model? It would be literally thousands of times more secure than the current useless arrangement of miners.

That's one of the primary reasons POS coins suck is because the largest holders are also responsible for the new money supply. With a POW mining scheme, anyone can fire up some hash and try mining to obtain coins. If it was strictly masternodes securing the network, only those with capital (namely 1k blocks) get new coins unless a person goes out and buys them.

Because it's impossible for a group of people to club together and run a Masternode, right?  

Because it's so realistic for miners to remain connected to rogue pools, right?

If miners cared, they wouldn't all be using the same 3 pools.

Why stick with a broken/easily breakable system when the code and infrastructure already exists to make blockchain security thousands of times more robust?

[arielbit]

using these products analogy is simply retarded.. crypto currency is closer to stocks than products like big mac, banana etc.

nope, crypto currency is legally property as is a big mac. Neither convey any legal rights other than under property law. Shares on the other hand convey rights under company law including a share of ownership of the actual brand.  (look at it like shares are property with additional rights under company law, crypto currencies don't have those as they are just property)

i am not a lawyer..but why do i feel that darkcoin is destroying my property and creating confusion by buying and selling their property under my property's name?

FFS GO AND TALK TO YOUR DEV!!!!!

Dev's done a runner?

Well there's no one to talk to then. This is what happens with anon devs.

DRK is not "destroying your property"!!!

Man oh man...this is just becoming SOOOO tedious!

why buy our dev, github and other accounts? what is the purpose? unless dash dev go out on a selling spree like a sidewalk vendor (slb:dash github for sale..anybody?)

You're asking the wrong people!

This is similar to you being on holidays and returning home to find the neighbours next door who you've have a fond relationship with have suddenly sold up and left without any word and there are new people in that house. So, instead of contacting your old neighbours and asking them what's happened and why did they leave without any warning, you're at the front door of the house banging on it continually saying "Why did you buy this house!!?? Why?? I feel like you've destroyed my relationship with my old neighbours!! Why did you do this!!??" And then when the new people say "You really need to take it up with your old neighbours" you say "I don't know where they've gone and I can't contact them" and then start repeating all over again "Why did you buy this house!!?? Why?? I feel like you've destroyed my relationship with my old neighbours!! Why did you do this!!??"

Can you see how futile this is?

You need to direct your queries to the Dashcoin dev and if you can't contact him then you need to decide whether to exit your DSH position (which is now about 4 time more valuable than it was just a week ago as a result of all of this) or continue on with DSH on a forked version. That's what you bought into when you bought a crypto from an anonymous developer.

bought a crypto from an anonymous developer

turning cryptos to big macs again?..myfarm has a better analogy on housing, read back a few pages.

nonsensical reply that's void of anything relating to the core concept I just laid out for you i.e. for these, your questions:

why buy our dev, github and other accounts? what is the purpose?

I'll re-iterate it again: "you're asking the wrong people"

It's that simple.

it is my right to ask, if you think you are the "wrong people to ask" then do not reply to me.

why buy our dev, github and other accounts? what is the purpose?

evan why?

[qwizzie]

sorry to interrupt guys (and girls) but it looks like the proof of service is getting integrated into v.0.11.2
(which is still in testing phase by the way). https://github.com/darkcoin/darkcoin/commits/v0.11.2.x

Proof of service seems to bring the following (subject to change as its still in testing phase) :

- Ensures ports remain open and client are responsive to IX requests.
- Completely 100% decentralized. This farms out the work of checking the masternode network to the masternode network. 1% of the network is determistically selected to check another 1% of the network each block. It takes six separate checks to deactivate a node, thus making it tamper proof.
- Nodes are kept in the masternode list if they fail enough PoSe checks to deactivate. They will continue to be checked until the operator fixes them. However they will not be paid while they're failing checks.
 
exciting developments

qwizzie

discussion has began here if anyone cares to leave the fudding...

https://darkcointalk.org/threads/posvc-implimentation-discussion.4344

What's the Proof Of Service is there revenue to MN owners for hosting future services?

https://www.darkcoin.io/about/what-is-darkcoin/masternodes/

In addition to traditional Proof of Work (PoW) rewards for mining Darkcoin, users are also rewarded for running and maintaining special servers called “Masternodes”.

Though future plans envision several roles for Masternodes, their primary function is to carry out the anonymization phase of the Darksend protocol. The service that Masternodes provide to the network is the beating heart of Darksend, which, in turn, is the defining feature of Darkcoin.

In return for providing this service, one Masternode is randomly selected by the network to receive 20% of the payout from each block mined.

* currently the randomly selected Masternode is receiving 40% of the payout from each block mined and it increases each month with 2.5 % untill it reached 60% in april 2016
* currently the masternodes are utilizing two specific services, the anonymization phase of the Darksend protocol & InstantX

future services have not been disclosed to us yet but you can be sure a lot of thought will be put into thinking up and developing new services

[bigrcanada]

OK... Enough of your crying... Your now crossing over to troll and Fudster land.   Seriously!

List thus far:

Adam White
iCEBREAKER

On notice for Ignore:
MyFarm
Areilbit

[bluebit25]

This discussion around Dashcoin and some of the figures being thrown around (like Dashcoin holder's should be paid out to a value of $1 million to represent their potential market cap) is really out of all kilter with what's actually going on.

I just looked on Poloniex to see what happening in the Dashcoin market. Here's the buy/sells from a few minutes ago:



Now, unless I'm miscalculating, there's a total BUY order book of 1475 XMR (and you can't see it on the screen grab but 1106 XMR total SELLS). At the last price of XMR (also on Polo) of 0.00268269 that represents 3.95 BTC or $1150 at latest BTC/USD price on Bitfinex.

And that's the main exchange DSH trades on! I think a reality check is needed here. This is major "storm in a tea cup" stuff.

Why is DSH and DRK on Poloniex? Two coins? So will my DRK be automatically turned into DASH coins? How does it work? I dont get it...

[GhostPlayer]

If miners cared, they wouldn't all be using the same 3 pools.

Why stick with a broken system when the code and infrastructure already exists to make blockchain security thousands of times more robust?

 If X11 does get elected over scrypt and SHA-256 by the ECB, this discussion is no more.

http://www.ecb.europa.eu/pub/pdf/other/virtualcurrencyschemesen.pdf

 Like I've said before, way too many people are still thinking within the realms of bitcointalk, coindesk, coinmarketcap, bitcoinwisdon, letstalkbitcoin...

 The world IS our oyster!!

[oblox]

This discussion around Dashcoin and some of the figures being thrown around (like Dashcoin holder's should be paid out to a value of $1 million to represent their potential market cap) is really out of all kilter with what's actually going on.

I just looked on Poloniex to see what happening in the Dashcoin market. Here's the buy/sells from a few minutes ago:



Now, unless I'm miscalculating, there's a total BUY order book of 1475 XMR (and you can't see it on the screen grab but 1106 XMR total SELLS). At the last price of XMR (also on Polo) of 0.00268269 that represents 3.95 BTC or $1150 at latest BTC/USD price on Bitfinex.

And that's the main exchange DSH trades on! I think a reality check is needed here. This is major "storm in a tea cup" stuff.

Why is DSH and DRK on Poloniex? Two coins? So will my DRK be automatically turned into DASH coins? How does it work? I dont get it...

Your DRK is going to be DASH (simple name change). DSH is a different coin.

[coins101]

there was restaurant opened with the name mang donalds or mang donald (i don't remember exactly)...mcdonalds sue them and won.. dash and dashcoin seems like an easy win here.

if mang donalds bought mcdonalds then mcdonalds is dead..
dashcoin and ↄash are software projects, coin owner  are 'users' not  owner of the brand

Fixed it for you 

(yes, I'm back  )

[coins101]

This discussion around Dashcoin and some of the figures being thrown around (like Dashcoin holder's should be paid out to a value of $1 million to represent their potential market cap) is really out of all kilter with what's actually going on.

I just looked on Poloniex to see what happening in the Dashcoin market. Here's the buy/sells from a few minutes ago:



Now, unless I'm miscalculating, there's a total BUY order book of 1475 XMR (and you can't see it on the screen grab but 1106 XMR total SELLS). At the last price of XMR (also on Polo) of 0.00268269 that represents 3.95 BTC or $1150 at latest BTC/USD price on Bitfinex.

And that's the main exchange DSH trades on! I think a reality check is needed here. This is major "storm in a tea cup" stuff.

Why is DSH and DRK on Poloniex? Two coins? So will my DRK be automatically turned into ↄash coins? How does it work? I dont get it...

Your DRK is going to be ↄash (simple name change). DSH is a different coin.

Fixed it for you 

[Commercial Trader]

using these products analogy is simply retarded.. crypto currency is closer to stocks than products like big mac, banana etc.

nope, crypto currency is legally property as is a big mac. Neither convey any legal rights other than under property law. Shares on the other hand convey rights under company law including a share of ownership of the actual brand.  (look at it like shares are property with additional rights under company law, crypto currencies don't have those as they are just property)

i am not a lawyer..but why do i feel that darkcoin is destroying my property and creating confusion by buying and selling their property under my property's name?

FFS GO AND TALK TO YOUR DEV!!!!!

Dev's done a runner?

Well there's no one to talk to then. This is what happens with anon devs.

DRK is not "destroying your property"!!!

Man oh man...this is just becoming SOOOO tedious!

why buy our dev, github and other accounts? what is the purpose? unless dash dev go out on a selling spree like a sidewalk vendor (slb:dash github for sale..anybody?)

You're asking the wrong people!

This is similar to you being on holidays and returning home to find the neighbours next door who you've have a fond relationship with have suddenly sold up and left without any word and there are new people in that house. So, instead of contacting your old neighbours and asking them what's happened and why did they leave without any warning, you're at the front door of the house banging on it continually saying "Why did you buy this house!!?? Why?? I feel like you've destroyed my relationship with my old neighbours!! Why did you do this!!??" And then when the new people say "You really need to take it up with your old neighbours" you say "I don't know where they've gone and I can't contact them" and then start repeating all over again "Why did you buy this house!!?? Why?? I feel like you've destroyed my relationship with my old neighbours!! Why did you do this!!??"

Can you see how futile this is?

You need to direct your queries to the Dashcoin dev and if you can't contact him then you need to decide whether to exit your DSH position (which is now about 4 time more valuable than it was just a week ago as a result of all of this) or continue on with DSH on a forked version. That's what you bought into when you bought a crypto from an anonymous developer.

bought a crypto from an anonymous developer

turning cryptos to big macs again?..myfarm has a better analogy on housing, read back a few pages.

nonsensical reply that's void of anything relating to the core concept I just laid out for you i.e. for these, your questions:

why buy our dev, github and other accounts? what is the purpose?

I'll re-iterate it again: "you're asking the wrong people"

It's that simple.

it is my right to ask, if you think you are the "wrong people to ask" then do not reply to me.

why buy our dev, github and other accounts? what is the purpose?

evan why?

http://images.t-nation.com/forum_images/e/4/e496c_ORIG-Let_The_Butt_Hurt_Flow_Through_You.jpg

[coins101]

using these products analogy is simply retarded.. crypto currency is closer to stocks than products like big mac, banana etc.

nope, crypto currency is legally property as is a big mac. Neither convey any legal rights other than under property law. Shares on the other hand convey rights under company law including a share of ownership of the actual brand.  (look at it like shares are property with additional rights under company law, crypto currencies don't have those as they are just property)

i am not a lawyer..but why do i feel that darkcoin is destroying my property and creating confusion by buying and selling their property under my property's name?

Good thing Darkcoin isn't selling their property under your property's name. ↄash =/= Dashcoin. Further, you're free to continue development at your own leisure.

Fixed it for you 

[coins101]

more of the same....

Adam you're just a joke. Can't you find something more constructive to do with your time?

Well he must be getting paid, who would spend so much time spouting the same BS for free?

Either that or he is so desperate for ↄash to fail he'll try anything....not really working though is it, price is nice and steady.

Fixed it for you 

[k0vic]

Did you guys see evoorhees comment to colbee on reddit in regards to shapswift/altcoins... Big people keeping an eye on  DRK. Keep up the good work.

http://www.reddit.com/r/litecoin/comments/2ylaa7/shapeshift_raises_525k_reveals_erik_voorhees_as/cpbqivu


"However, I do think most specific altcoins are useless and will fail (and that's fine). Those that succeed will fill various niches. Darkcoin's better anonymity means it can hold a certain niche unmet by Bitcoin."