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

[dupee419]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

[eltito]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

Can skip from coin to coin before gravity well has a chance to react, as I understand it.

[coins101]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

I think these guys are proposing to mine coins that don't have protection.

The coins they mine would be grouped up by the pool, sold on exchanges and the proceeds used to buy Darkcoin.

[evan79]

Do you guys know what pool is the "unknown" pool on http://chainz.cryptoid.info/drk/? Thanks.

[chaeplin]

Do you guys know what pool is the "unknown" pool on http://chainz.cryptoid.info/drk/? Thanks.

It's suchpool.

http://drk.poolhash.org/poolhash.html

[TanteStefana]

I'm thinking more automated process for large merchants that do huge volume of transactions.

The process of checking needs to be automated, with as much effort put on the customer as possible. The use of credit cards is accepted because to get one you need to have gone through various hurdles. All the merchants need to worry about is checking the cards are not stolen and they contain sufficient funds.

Something like:

* user enters personal data at the merchants store front
* personal data goes through third party verification process that handles KYC (KYC gets updated by the customer every x period)
* user engages with merchant and provides data for shipping
* user pays
* merchant can automatically cross check someone has done KYC during the payment acceptance process
* Merchant can link transaction to KYC for reporting, if required.
* customer and merchant transact. Goods are dispatched.

The issue about anonymity for this type of opt-in facility is about public display of transactions on a block chain, not about total anonymity, i.e. compared to a normal credit card transaction, the only thing missing is an imprint of the transaction in the block chain that can be daisy-chained to other transactions. A similar relationship would exist with the merchant knowing who the customer is by reference to credit card data. Unlike credit cards, KYC type verification can be like a one time use password

There must be a way to facilitate third party data attachment for verification with Darkcoin being an enabling tool so it doesn't have to get involved with the verification process which means it remains decentralised.

I don't understand any need for this unless you want customer protections.  IMO Cryptos are supposed to be like cash.  If someone stole your wallet, you'll never get it back, so be careful.  Same as cash.  If I were to buy something from a retailer, I try to give them as little information as possible.  I used to pay everything in cash because retailers used to want phone numbers etc... from me if I used check (OK, I'm old) But I hated that!  I have since given up on my personal privacy, but don't want to give up on my financial privacy.  

Also, any attempt to verify if coins were stolen or not will ruin the fungibility of the coin.  That is really a bad thing for multiple reasons.

[evan79]

Do you guys know what pool is the "unknown" pool on http://chainz.cryptoid.info/drk/? Thanks.

It's suchpool.

http://drk.poolhash.org/poolhash.html

thanks chaeplin

[splawik21]

Do you guys know what pool is the "unknown" pool on http://chainz.cryptoid.info/drk/? Thanks.

It's suchpool.

http://drk.poolhash.org/poolhash.html

thanks chaeplin

Uhhh thought I`m a top100 holder but I`m not
http://chainz.cryptoid.info/drk/?#statsTab

[coins101]

I'm thinking more automated process for large merchants that do huge volume of transactions.

The process of checking needs to be automated, with as much effort put on the customer as possible. The use of credit cards is accepted because to get one you need to have gone through various hurdles. All the merchants need to worry about is checking the cards are not stolen and they contain sufficient funds.

Something like:

* user enters personal data at the merchants store front
* personal data goes through third party verification process that handles KYC (KYC gets updated by the customer every x period)
* user engages with merchant and provides data for shipping
* user pays
* merchant can automatically cross check someone has done KYC during the payment acceptance process
* Merchant can link transaction to KYC for reporting, if required.
* customer and merchant transact. Goods are dispatched.

The issue about anonymity for this type of opt-in facility is about public display of transactions on a block chain, not about total anonymity, i.e. compared to a normal credit card transaction, the only thing missing is an imprint of the transaction in the block chain that can be daisy-chained to other transactions. A similar relationship would exist with the merchant knowing who the customer is by reference to credit card data. Unlike credit cards, KYC type verification can be like a one time use password

There must be a way to facilitate third party data attachment for verification with Darkcoin being an enabling tool so it doesn't have to get involved with the verification process which means it remains decentralised.

I don't understand any need for this unless you want customer protections.  IMO Cryptos are supposed to be like cash.  If someone stole your wallet, you'll never get it back, so be careful.  Same as cash.  If I were to buy something from a retailer, I try to give them as little information as possible.  I used to pay everything in cash because retailers used to want phone numbers etc... from me if I used check (OK, I'm old) But I hated that!  I have since given up on my personal privacy, but don't want to give up on my financial privacy.  

Also, any attempt to verify if coins were stolen or not will ruin the fungibility of the coin.  That is really a bad thing for multiple reasons.

I don't understand any need for this unless you want customer protections.

No, not protection for customers. Protection for retailers. Something is stopping them from accepting crypto, despite the costs being significantly less than using credit cards.

So you're a big retailer and you prefer not to use crypto despite the fact that it can double your profit margin.

On paper its a no brainer. So what is the barrier?

[thelonecrouton]

So you're a big retailer and you prefer not to use crypto despite the fact that it can double your profit margin.

On paper its a no brainer. So what is the barrier?

Accepting crypto isn't going to double anyone's profit margin, but it might well be an accounting and taxation nightmare. Not only legally but also in having to rewrite their in house apps and procedures. Big headache for a big company...

[drkman]

I think a multipool that auto-sells for DRK would be perfect, it'd save me a job anyway . And it would do wonders for the price I'm sure, which right now is just too stable for my liking (which isn't a bad thing though!)

+1 talking of that for so long now. where are all the pool devs??? $$$

Could it be ChaosITec secret project? 
Multipool floated a few pages back.

1. DarkGravityWave release
2. Multipool which pays out in Darkcoin
...

It would be cool to have a bounty for a Drk multipool.

Regarding the DRK multipool, if anyone knows how to set it up I would like to be your partner. I can help with the coding (PHP, python, C/C++ ...), I have some servers that we could use, I could help with maintenance and promotion. Send me PM.
Why DRK multipool could be good? It could drive all at once the price up, diff down, reward up and market cap up.

Come on, there is so much money in there, why is the pool not finished yet? 
I keep coming back to this thread and doing CTRL+F "multipool"

WE NEED AN X11 MULTIPOOL THAT AUTO BUYS DRK!   WE NEED AN X11 MULTIPOOL THAT AUTOBUYS DARK!   WE NEED AN X11 MULTIPOOL THAT AUTOBUYS DRK!   WE NEED AN X11 MULTIPOOL THAT AUTOBUYS DARK!

[AlexGR]

What will that provide that it can't be provided already by scrypt multipools that pay out in BTC? The "auto buy DRK" stage?

If someone is getting paid in BTC by a 20-30ghash scrypt multipool, can't they just go to an exchange and buy DRK with the BTCs? The only obstacle is if there are people unfamiliar with exchanges. Other than that, it's quite easy.

In terms of focusing resources, I'd rather have X11 merged mining of multiple X11 coins (if that is feasible): It would secure our network, decrease daily coin production and increase profitability for X11 miners who can then buy DRK if they so want.

[drkman]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

Just think of a multipool as the same role as a foreign currency arbitrager in the wall street world.  A properly configured multipool will bring balance back into all the currencies and eliminate improper imbalances between coins.

[Kartoff]

Do you guys know what pool is the "unknown" pool on http://chainz.cryptoid.info/drk/? Thanks.

It's suchpool.

http://drk.poolhash.org/poolhash.html

thanks chaeplin

Uhhh thought I`m a top100 holder but I`m not
http://chainz.cryptoid.info/drk/?#statsTab

Thank you for reminder... Just checked and saw that i am in Top 100 already  Expecting to be somewhere in Top 80's soon Until now thought to be in the top 100 should have many more coins ... Seems it is not too scary as people says and there are not so big holders anymore...

[minersday]

Who the new logo is not updated in the firstpage? Better logo=more miners=Price going up

[fishingisfun]

Who the new logo is not updated in the firstpage? Better logo=more miners=Price going up

Because the new logo haven't been chosen yet. We're at stage 2 of the vote and we're waiting for more contributions it seems. It gets decided in this topic: https://darkcointalk.org/threads/official-logo-vote.229/

[dupee419]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

I think these guys are proposing to mine coins that don't have protection.

The coins they mine would be grouped up by the pool, sold on exchanges and the proceeds used to buy Darkcoin.

sounds like switchercoin. thats the one that mines god knows which coin and converts it to BTC, right?

[InternetApe]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

I think these guys are proposing to mine coins that don't have protection.

The coins they mine would be grouped up by the pool, sold on exchanges and the proceeds used to buy Darkcoin.

sounds like switchercoin. thats the one that mines god knows which coin and converts it to BTC, right?

Middlecoin.com does it too.

[coins101]

someone please explain to me what the point is in a multipool on a coin running any form of gravity well? wouldn't it defeat the main purpose of a multi, profit-switching?

I think these guys are proposing to mine coins that don't have protection.

The coins they mine would be grouped up by the pool, sold on exchanges and the proceeds used to buy Darkcoin.

sounds like switchercoin. thats the one that mines god knows which coin and converts it to BTC, right?

There are several. I tried middlecoin back in January. It was ok. Then there is clevermining, wafflepool and multipool. all payout in BTC. There is a new one that pays out in litecoin called the madgepool or something - one of the litecoin moderators built it to combat those mining litecoin and dumping for BTC.

[coins101]

does anyone know about blue midnight wish?

can someone set-up a miner for that relatively easily with sph-sgminer?