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

[NutshellCoin]

I want to have a coin with DarkSend.. when .. when.. when...

[child_harold]

Japan will become the first major economy to attempt to regulate the virtual currency and may prompt others to move in the same direction.

whoa nelly!

Did Japan not recently state that any BTC regulations would need to International?

"Any regulation of the bitcoin crypto-currency should involve international cooperation to avoid loopholes, Japanese vice finance minister Jiro Aichi said on Thursday"
http://www.reuters.com/article/2014/02/27/us-bitcoin-mtgox-idUSBREA1Q1YK20140227

[coins101]

http://asia.nikkei.com/Politics-Economy/Policy-Politics/Japan-to-regulate-Bitcoin-trades-impose-taxes

TOKYO -- The Japanese government will set rules for trading bitcoins, defining the virtual tender not as a currency but as a commodity akin to gold.

     Gains from trading bitcoins on online exchanges, and purchases made with them will be subject to Japanese tax. Banks will be prohibited from handling them, and securities firms will be barred from brokering Bitcoin trades.

     Since its origin in 2009, Bitcoin has occupied a legal gray zone. But the cryptocurrency has arguably become too big for regulators to ignore. The value of bitcoins in circulation worldwide at one point reached 1 trillion yen ($9.75 billion).

     Japan will become the first major economy to attempt to regulate the virtual currency and may prompt others to move in the same direction. Last week, Mt. Gox, a Tokyo-based Bitcoin exchange, filed for bankruptcy, drawing attention to the issue of protecting users.

     An opposition lawmaker has asked the government's position on Bitcoin's legal status. In the days ahead, the cabinet will issue a response that will become the basis for guidelines that would also apply to any similar virtual currencies that may come later.

     Significantly, the guidelines will call for taxing Bitcoin transactions. Purchases made in bitcoins will be subject to Japan's consumption tax, which is set to rise to 8% on April 1. Trading gains will be taxed, and companies will need to pay tax on revenue earned from Bitcoin transactions. But enforcement could prove difficult, as tax authorities will have to track down users.

     Given Bitcoin's potential use in money laundering and other crimes, regulating it poses an international challenge. Thus far, major economies' approach has been inconsistent. China has banned financial institutions from processing Bitcoin payments. Russia says using bitcoins as a currency is illegal. Meanwhile, a federal court in the U.S. state of Texas has ruled that Bitcoin is a currency. Any attempt to introduce common rules would likely take time, experts say.

(Nikkei)

So if BTC is taxed, some people may need to find an alternative... As the crackdown escalates against BTC and an increased number of countries places restrictions and taxes, naturally people will try other solutions. This type of news actually translates to indirect "pump material" for DRK and other private coins that will follow.

The UK has said this week that it will not charge consumption tax (VAT) on transactions. That is because it is treating BTC as a private currency / means of financial exchange. These transactions are exempt from VAT. 

The EU sets guidelines on financial transactions that all member states have to follow. The UK had to adopt the EU Payment Services Directives in 2009. These allowed transactions up to 1,000 Euros to be sent with a risked based regulations policy - meaning that transactions below this figure were largely ok without KYC checks - but if there was a problem, you got into trouble for not doing KYC checks - that's the risk based part.

These trends highlight that the UK and the wider EU are generally accepting of financial services and innovation. The Bitcoin foundation is moving its domicile status to the UK as a consequence of various factors, but negative treatment by US regulators is probably one of them.

I think darkcoin adoption is generated elsewhere:

Someone in an earlier thread hit the nail on the head - IMO - they said, my interpretation, that many people will dip in and out of DarkSend when they need the feature. Say, buying a birthday present for a girlfriend (if they happen to be married), making large payments which can stand out in blockchains, using porn sites, using escorts, making political donations, gambling, etc.

This leads me to believe that some people will just migrate to Darkcoin, others will interact with it to make specific transactions e.g BTC>DRK>purchase>DRK>BTC.

The point that struck me was that if only 1% of all coin holds move their holdings into darkcoin to access DarkSend, then darkcoin has a very bright future. Quite a few of these will just wonder why they bother holding any other coin.

[LimLims]

I have been following every thread, test and revision here, and have come to a conclusion that i'm VERY happy that we haven't done any promotion yet.
I think that the dev should focus ONLY on getting the act together, making darksend immune to DOS; no coins lost in transactions, and so forth.

Only after we have things really stable and people can transfer coins safely with Darksend, THEN we should start promotion. Otherwise, at this stage, i fear many people will dismiss the coin as not delivering to its promise...
I think we'll get just one chance to really kick-in the media, and i'd rather it is done when we are really ready and not get burned.
Developers - you are on the right track.
My 2cents.

I agree with you there. Also, when the new website is released (soon!) there will be a lot more information available to newbies & press, whereas right now most of it is buried in this thread.

[organizer]

ok, so I got it through my thick skull and into my mushy brain that I can send myself 3 darksends, I just have to do it with the first payment being the largest, second slightly smaller, and third even smaller than the second. (Gee, just like the instructions said!  Waddaya know?)  Ok, all looked well.

I had a bit o' issues with  my config files, got that right I think??  Then sent the 3 payments and finally got a txid number.  so it went through, now I'm waiting for coins to be deducted from my wallet and for coins to show up in my other wallet.  But so far, no dice.  It didn't take that long in testing so I'm confused??

Well, still no money leaving or arriving  in either wallet 20 minutes later, so I guess I'll give up for the night.  I'm tired!

Ah, try again and it should work. I'll be pushing out a client later that will be a lot more verbose when there are issues.

Is the goal, for release, that a DarkSend transaction is nothing more than a single transaction from the wallet? i.e. my "vision" of doing a transaction is pretty much what you see in a regular wallet, but maybe with a second button for DarkSend... i.e. a "DarkSend" button right next to the regular button with a notice about possible additional fees or whatever.

Also, will this ultimately work without the transaction having to confim with the wallet being open? I think, depending on the speed, that could be a real downer if you potentially had to leave a wallet open for hours....

[ciocgun]

i tried to send 0.01 to myself and get only the -0.003 into my wallet, now i'm trying to send 0.05 but it doesn't go on transaction list

dev could you help me to understand?

[AlexGR]

I think darkcoin adoption is generated elsewhere:

Someone in an earlier thread hit the nail on the head - IMO - they said, my interpretation, that many people will dip in and out of DarkSend when they need the feature. Say, buying a birthday present for a girlfriend (if they happen to be married), making large payments which can stand out in blockchains, using porn sites, using escorts, making political donations, gambling, etc.

This leads me to believe that some people will just migrate to Darkcoin, others will interact with it to make specific transactions e.g BTC>DRK>purchase>DRK>BTC.

The point that struck me was that if only 1% of all coin holds move their holdings into darkcoin to access DarkSend, then darkcoin has a very bright future. Quite a few of these will just wonder why they bother holding any other coin.

Indeed - that too can play a role. Satoshi made the same point for the value of BTC with a dull metal analogy where you could buy it for a while to perform a transaction: https://bitcointalk.org/index.php?topic=583.msg11405#msg11405

[coins101]

Good thread.

Every time I read Satoshi's grammar, the more convinced I am that he is a Brit 

[HCLivess]

So is this a copy of chaincoin with some "anonymity in progress"?

https://bitcointalk.org/index.php?topic=422149.0

[Ik88]

Guys please say setting for 290 and 290x card. Thank you.

P.S
I use PHM-SGminer

[CHAOSiTEC]

So is this a copy of chaincoin with some "anonymity in progress"?

https://bitcointalk.org/index.php?topic=422149.0

actually its the other way around, if you look at release date you will find that darkcoin got release 1 day earlier than chaincoin, The only difference between the coins is that in DarkCoin skein is after groestl while in ChainCoin it's after keccak, so a copy paste and moving it a little around

[bigc1984]

Guys please say setting for 290 and 290x card. Thank you.

P.S
I use PHM-SGminer

sgminer --kernel darkcoin -o stratum+tcp://boundarytesters.com:7905 -u (wallet) -p (password)

[coins101]

[anonymousxx1503]

another centralized solution. although I'm glad that anonymous transactions are wanted!

[GreekBitcoin]

It looks like we will be passing vertcoin today?!

[anonymousxx1503]

It looks like we will be passing vertcoin today?!

We pass it everyday!

[slyA]

It looks like we will be passing vertcoin today?!

We pass them almost daily now. Problem is people molesting the price to keep it down. At least I get to buy cheap coins so there' that.

[eduffield]

Beta v2 -- updated instructions

I'm moving the node to 54.80.16.112 that's handling beta traffic. So anyone trying to darksend, you'll need to change your "addnode" configuration to this IP.

Also, I just uploaded a new client that is much more capable of complaining about common problems that will cause DarkSend not to work properly.

Note: If you run a pool/exchange, don't run the beta daemon. It's not required and still be updated every day.

http://www.darkcoin.io/downloads/DarkSendDocumentation.pdf

[TanteStefana]

Japan will become the first major economy to attempt to regulate the virtual currency and may prompt others to move in the same direction.

whoa nelly!

Did Japan not recently state that any BTC regulations would need to International?

"Any regulation of the bitcoin crypto-currency should involve international cooperation to avoid loopholes, Japanese vice finance minister Jiro Aichi said on Thursday"
http://www.reuters.com/article/2014/02/27/us-bitcoin-mtgox-idUSBREA1Q1YK20140227

Only one question.  How?

They can't

It's out of government's reach and that's the whole point of crypto currency.

Those politicians who scream REGULATE! have no clue.

[aNTi-Vlact]

Guys please say setting for 290 and 290x card. Thank you.

P.S
I use PHM-SGminer

GPU	kH/s	Memory Core	Memory Clock	Miner	Config
R9-290	2300	1100	1450	PHM-Sgminer	-I 24 -g 2 -w 237 --lookup-gap 2 --gpu-powertune 50 --no-submit-stale --gpu-memclock 1450 --gpu-engine 1100 --thread-concurrency 27500 --temp-target 91 --temp-overheat 93 --temp-cutoff 99 --auto-fan --gpu-fan 0-100
R9-290X	2600	1100	1450	PHM-Sgminer	-I 24 -g 2 -w 234 --lookup-gap 2 --gpu-powertune 50 --no-submit-stale --gpu-memclock 1450 --gpu-engine 1100 --thread-concurrency 25000 --temp-target 91 --temp-overheat 93 --temp-cutoff 99 --auto-fan --gpu-fan 0-100