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

[TanteStefana]

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.

They're not charging because they can't!  They can, however, charge once it's converted over to fiat currency.  This is how it should be and it's all they can do.  There is no way to enforce otherwise and a government who tries is a fool.

I'll edit to say fiat or commercial goods.  But then someone has to figure out what the fiat value was at the time to calculate taxes due.  This probably wouldn't be a problem for a place like Overstock.com who converts their bitcoin to fiat immediately upon completion of a transaction, but if a store keeps their payments in crypto currency, there is no way to tax it.

[TanteStefana]

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.

Great to hear, 'cause I'm tired of searching for stuff!  LOL  My memory is seriously too short!

[coins101]

They're not charging because they can't!  They can, however, charge once it's converted over to fiat currency.  This is how it should be and it's all they can do.  There is no way to enforce otherwise and a government who tries is a fool.

It was exchanges that were most worried. Every transaction, between coins or fiat, were plus 20%.

[TanteStefana]

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.

I hear people saying this all the time, but to me, it makes no sense.  How can anyone keep the price down?  I understand pumping the price up, but keeping it down?

If someone has a lot of coin and wants to get it sold, sure, he'll lower his price, but that is normal supply (increasing) and demand (decreasing).  It makes no sense to lower the price when selling unless you want your money fast (you pay then).

[TanteStefana]

They're not charging because they can't!  They can, however, charge once it's converted over to fiat currency.  This is how it should be and it's all they can do.  There is no way to enforce otherwise and a government who tries is a fool.

It was exchanges that were most worried. Every transaction, between coins or fiat, were plus 20%.

Oh, well  yes, they are a business and must go by the rules.  They shouldn't, however, be taxed more than any other business.

[GreekBitcoin]

https://bitcointalk.org/index.php?topic=501963.0

Vote for Darkcoin to enter BTC38!

[Jungian]

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.

I hear people saying this all the time, but to me, it makes no sense.  How can anyone keep the price down?  I understand pumping the price up, but keeping it down?

If someone has a lot of coin and wants to get it sold, sure, he'll lower his price, but that is normal supply (increasing) and demand (decreasing).  It makes no sense to lower the price when selling unless you want your money fast (you pay then).

It's just something people say when need to explain why the market doesn't act exactly like they want/think it should.
Right now, it can be very profitable to mine this coin, so that's why people mine and sell it. It's the rational move for miners who doesn't hold the coin up to be any more profitable than BTC in the long run. And why would they? Most altcoins tank.

[blajde]

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

wow.. that seems really inefficient

try --lookup-gap 2 -I 20 -w 512 --thread-concurrency 28500 mem 1250 core 1040      =     2.55Mh/s on a 290 not x version  64C on screen board and 57C on rest.

[chaeplin]

http://darkcoin.mine.nu/graph.html


just idle curiosity.

[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

wow.. that seems really inefficient

try --lookup-gap 2 -I 20 -w 512 --thread-concurrency 28500 mem 1250 core 1040      =     2.55Mh/s on a 290 not x version

Thanks. They are not my configs. I have been putting together a hardware chart. That is what I got from someone. I will update with your info. Thanks again!

[blajde]

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

wow.. that seems really inefficient

try --lookup-gap 2 -I 20 -w 512 --thread-concurrency 28500 mem 1250 core 1040      =     2.55Mh/s on a 290 not x version

Thanks. They are not my configs. I have been putting together a hardware chart. That is what I got from someone. I will update with your info. Thanks again!

I don't think that anything above worksize 258 matters though.. I tried with shaders aswell but no difference really. You can even powertune down with these settings a -5. Same with TC didn't matter much for me 22-32k - no difference except higher instability higher up. I think 18 is good too. I get around 0.5% rejects on an 48h average.

I mean it seems overkill to pump powertune up to 50 and run them on insane temps and intensity for less kh/s?

[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.

I hear people saying this all the time, but to me, it makes no sense.  How can anyone keep the price down?  I understand pumping the price up, but keeping it down?

If someone has a lot of coin and wants to get it sold, sure, he'll lower his price, but that is normal supply (increasing) and demand (decreasing).  It makes no sense to lower the price when selling unless you want your money fast (you pay then).

It's just something people say when need to explain why the market doesn't act exactly like they want/think it should.
Right now, it can be very profitable to mine this coin, so that's why people mine and sell it. It's the rational move for miners who doesn't hold the coin up to be any more profitable than BTC in the long run. And why would they? Most altcoins tank.

Ehn not exactly mate. There are a variety of factors that actively "keep the price down". It's not some self-serving affirmation or regurgitated rhetoric with no basis. Margin traders actively keep the price stagnant by buying low and selling high. The trick is there are many of them with the same thoughts in mind. So if guy A buys at 158000 satoshi and sells to guy B who placed a buy at 160000 satoshi, guy B then has to hold for a price increase to 161000 satoshi. Then we have guy C who bought at 155000 satoshi. He then decides to sell at 158000 since hell, he has still made some profit.

There is a nice arbitrage opportunity between cryptsy and mintpal right now so people will probably buy on mintpal and sell on cryptsy. Unfortunately, cryptsy has the higher volume so any price increase would reflect quicker and more pronounced than if the increase was on C-CEX or cryptorush.

If at any moment, some positive dark buzz hits the websites, blogs and pseudo crypto experts, the demand for dark will over come the current day trading.

[TanteStefana]

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

The file  you are trying to download is no longer available (widows QT)

should I continue with last night's QT wallet?

[mattmct]

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.

+1 totally agree with this also.  Timing is everything! We don't want to trip out of the starting blocks. Devs are doing a great job. One DarkSend it working flawlessly and out of Beta, it's time to strike!

[eduffield]

I saw a few DarkSends time out, if you're having issues come in #darksend-test and we'll figure out what's going on. (Plus I'll refund the fees, it doesn't like what someone's client is doing)

[TanteStefana]

I just tried to send 3 darksends.  3, 2 and 1 dark.  Nothing went out, and I was charged thought the wallet did not close:

Status: 0/unconfirmed
Date: 3/5/2014 09:20
To: X....
Debit: -0.25 DRK
Transaction fee: -0.008 DRK
Net amount: -0.258 DRK
Transaction ID: 223c91951d749495fb87d1a05bc18abe1d16a04e2d707ae87a3046766e741955

[eduffield]

I just tried to send 3 darksends.  3, 2 and 1 dark.  Nothing went out, and I was charged thought the wallet did not close:

Status: 0/unconfirmed
Date: 3/5/2014 09:20
To: X....
Debit: -0.25 DRK
Transaction fee: -0.008 DRK
Net amount: -0.258 DRK
Transaction ID: 223c91951d749495fb87d1a05bc18abe1d16a04e2d707ae87a3046766e741955

Ah, ha. Come join #darksend-test and we'll figure out what's going on and I'll refund you

[TanteStefana]

I just tried to send 3 darksends.  3, 2 and 1 dark.  Nothing went out, and I was charged thought the wallet did not close:

Status: 0/unconfirmed
Date: 3/5/2014 09:20
To: X....
Debit: -0.25 DRK
Transaction fee: -0.008 DRK
Net amount: -0.258 DRK
Transaction ID: 223c91951d749495fb87d1a05bc18abe1d16a04e2d707ae87a3046766e741955

Ah, ha. Come join #darksend-test and we'll figure out what's going on and I'll refund you

I'm there

nobody else is though, should it be #darksend-test or #darkcoin-test?

[mikeroz]

im trying to solomine
is that what it should look like?

[radi324]

im trying to solomine
is that what it should look like?

Forget solo-mining lol with such a huge net hashrate. Join a pool otherwise you'll get nothing

On a slightly-related note - I'm getting 5.9 MH/s on my 3 Powercolor R9 280x cards. Is that ok?