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

[splawik21]

I think the sustainable limit for any coin, including DRK, BTC, LTC etc, is the money required daily to buy the production and keep the price steady.

Bitcoin requires ~1.62mn USD per day (3600 coins X 450$)
Litecoin requires ~288k USD per day (28.800 coins X 10$)
DOGE requires ~81.3k USD per day (180.000.000 coins X 0.000452$)
DRK requires ~24-30k USD per day (4000-5000 coins X 6$)

If DRK goes to 10$ (0.023 like LTC) and block rewards falls to 5 due to the new nvidia miner which can bring tons of hashpower, it'll be 10$ x 2880 coins per day =28.8k USD per day - which is still 1/10th of LTC.

From a financial standpoint, we are seeing something new for PoW coins: The rise of Dark is kept relatively stable in terms of daily money requirements because coin supply diminishes to compensate for the increased price and difficulty. At the same time future quantity / max limit is also taken down the sooner we hit min block reward (from 22mn max coins to something like 16-17mn).

Are you saying that Nvidia cards can mine DRK faster than ATI?
That would be interesting.

YES with ccminer,  my friend have 3 x TITANs and he mines 4,6 Mhs each gpu.

[theskillzdatklls]

What happens to masternodes when mining rewards run out or get very low over time?

Coin price goes up and compensates.

Payments will not run out for many decades.

That doesn't make any sense, masternodes are a big deal to the system and there's no measure in place for what to do as the system ages?

[anonymousxx1503]

What happens to masternodes when mining rewards run out or get very low over time?

Coin price goes up and compensates.

Payments will not run out for many decades.

That doesn't make any sense, masternodes are a big deal to the system and there's no measure in place for what to do as the system ages?

How about we worry about it in 50+ years when the rewards run out? What were we worrying about in 1964 again? It sure wasn't decentralized global cryptocurrencies running on a worldwide network of interconnected computers, I'll tell you that much.

[TanteStefana]

Oh my gosh, all these terrible stories!  I suppose for some, it would make them feel better because they're not in such a bad position, but for me, I have an empathy overdrive problem, and I think I'm gonna be sick!  Do all you can to retrieve those coins everyone!  And BACKUP all of your WALLETS!!  Please!  We can't afford to lose any coins, there aren't enough as it is! (IMO, LOL)

Backup, backup, backup!!!  and backup on at least 2 places, and check them often, update them after a while as well!!!

[Minotaur26]

MASTERNODE REQUIREMENT WILL ALWAYS BE 1000 DRK:

Masternode requirements are going to be 1000DRK forever, for the following reasons:

- We need a bunch of masternodes, but more is NOT better. They cause chatter on the network saying they're still around and more memory usage everywhere. It's also more processing for the nodes to figure which to use.
- We want them to be reasonable expensive to start now and insanely expensive down the line.
- This will cause a feedback loop which will create upward pressure on price of darkcoin even making it more expensive to start one of these in the future (I detail this concept here: https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/)
- Every client on the network needs to keep a list of all of these, we don't want a list of 100k
- 10k masternodes @ $1000 is the same thing as 50k @ $200. The only difference is a lower barrier to entry and lower end equipment. In either case it would cost a million to add enough nodes to see half of the traffic.
- Also the clients need to download this list upon booting up
- There's also a consideration for the masternodes themselves. We have 576 blocks per day, If there's 10000 master nodes that means they'll on average get paid once every month and a half. I feel like if that number goes any higher we'll have nodes that won't want to wait to recoup their investment.

[TanteStefana]

When will masternodes be brought down to 500drk each?  

There is no plan to reduce the masternode price, sorry.  I assume that if there was a problem keeping enough people interested in running masternodes, that the price would then be reduced.  But if enough people continue to run them, it will not.

Also, regarding an earlier question from someone, I believe Masternodes will earn 10% of all mining profits, so that means when fees are implemented to keep miners working, 10% will go to masternodes.

[djcrypto]

Are coins lost if you send them from an old wallet after a hard fork?  

No they shouldn't be, 'cause it never happened

He fixed it by updating the wallet to vs 0.9.3.4

Are coins lost if you send them from an old wallet after a hard fork?  

Nevermind I updated to the new wallet and it finally has the clock progress symbol in my wallet next to the tx.

And just to note it seems crypsty has me listed as pending so it's on their side. Hopefully I will wake up tomorrow with the coin

I had to submit a ticket for the deposit to confirm on cryptsy. The response was fast, though.

At Mintpal, the deposit confirmation was nearly instantaneous.

[cryptobuddy]

Ring signatures are going to be implemented in V2. I will begin development immediately after I opensource V1.

How do we compete against clones? Can they clone me? I work on this full time. In fact, I've only been at it four months. So far I've implemented DarkSend + X11 + DGW + Masternode payments. Plus, I've agreed to work on this project till at least Jan 2016 full time. So who on earth would invest in a clone?

I really look forward to the successful implementation of masternode and ring signature. By then, DRK will have a value of 0.1 BTC or even more.

[Chris001]

So is the darksend more than 10 now?

And what is your rebuttal to byttecoin was the first anonymous coin?

[TanteStefana]

So is the darksend more than 10 now?

And what is your rebuttal to byttecoin was the first anonymous coin?

Bytecoin was unknown until March, so it's been a coin mined etc... by a small group of insiders for the last two years.  Since nobody knew they existed, how could anyone have known?  They also still have no gui, and as only a small group of people own most of the coins, it seems too centric and will have a LOT of growing (community wise) to do to catch up with us.  Darkcoin is WAY ahead of them on all fronts, and I don't think we should take down the sign that says first.  But if it makes everyone happy, we could update it to say 'First known anonymous coin'.   But to tell you the truth, I don't care    

OH, and I don't think we can send beyond 10 yet, though I haven't tried.  I seem to remember Evan saying that would be for RC3

[Chris001]

So is the darksend more than 10 now?

And what is your rebuttal to byttecoin was the first anonymous coin?

Bytecoin was unknown until March, so it's been a coin mined etc... by a small group of insiders for the last two years.  Since nobody knew they existed, how could anyone have known?  They also still have no gui, and as only a small group of people own most of the coins, it seems too centric and will have a LOT of growing (community wise) to do to catch up with us.  Darkcoin is WAY ahead of them on all fronts, and I don't think we should take down the sign that says first.  But if it makes everyone happy, we could update it to say 'First known anonymous coin'.   But to tell you the truth, I don't care    

OH, and I don't think we can send beyond 10 yet, though I haven't tried.  I seem to remember Evan saying that would be for RC3

Cool answer. is bytecoin really anonymous? And no I wouldn't change it either

This anonymous stuff is quite the bitch to really pull off I guess. What's the deal. I just love seeing these other coins saying they have darksend working. total scams i would imagine lol

[BoscoMurray]

So is the darksend more than 10 now?

And what is your rebuttal to byttecoin was the first anonymous coin?

Bytecoin was unknown until March, so it's been a coin mined etc... by a small group of insiders for the last two years.  Since nobody knew they existed, how could anyone have known?  They also still have no gui, and as only a small group of people own most of the coins, it seems too centric and will have a LOT of growing (community wise) to do to catch up with us.  Darkcoin is WAY ahead of them on all fronts, and I don't think we should take down the sign that says first.  But if it makes everyone happy, we could update it to say 'First known anonymous coin'.   But to tell you the truth, I don't care    

OH, and I don't think we can send beyond 10 yet, though I haven't tried.  I seem to remember Evan saying that would be for RC3

Cool answer. is bytecoin really anonymous? And no I wouldn't change it either

This anonymous stuff is quite the bitch to really pull off I guess. What's the deal. I just love seeing these other coins saying they have darksend working. total scams i would imagine lol

Yes, it is anonymous. It uses CryptoNote's CryptoNight algo. However the pre-mine has put people off. Monero has wiped out the pre-mine and is gaining ground fast. Very active dev's and community just now, with exchanges specifically for CryptoNote coins popping up.

[splawik21]

Difficulty Darkcoin Block: 2600.825477 (170M)

Hash Rate Darkcoin Total: 70.9GH/s

with these two parametrs for last couple of days, the miners get really not much.

My 4x280x get daily total: 0.360 DRK

so the level of 0,011BTC/DRK is much to undervalued.

[CryptoPleb]

MASTERNODE REQUIREMENT WILL ALWAYS BE 1000 DRK:

Masternode requirements are going to be 1000DRK forever, for the following reasons:

- We need a bunch of masternodes, but more is NOT better. They cause chatter on the network saying they're still around and more memory usage everywhere. It's also more processing for the nodes to figure which to use.
- We want them to be reasonable expensive to start now and insanely expensive down the line.
- This will cause a feedback loop which will create upward pressure on price of darkcoin even making it more expensive to start one of these in the future (I detail this concept here: https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/)
- Every client on the network needs to keep a list of all of these, we don't want a list of 100k
- 10k masternodes @ $1000 is the same thing as 50k @ $200. The only difference is a lower barrier to entry and lower end equipment. In either case it would cost a million to add enough nodes to see half of the traffic.
- Also the clients need to download this list upon booting up
- There's also a consideration for the masternodes themselves. We have 576 blocks per day, If there's 10000 master nodes that means they'll on average get paid once every month and a half. I feel like if that number goes any higher we'll have nodes that won't want to wait to recoup their investment.

When will masternodes be brought down to 500drk each?  

There is no plan to reduce the masternode price, sorry.  I assume that if there was a problem keeping enough people interested in running masternodes, that the price would then be reduced.  But if enough people continue to run them, it will not.

Also, regarding an earlier question from someone, I believe Masternodes will earn 10% of all mining profits, so that means when fees are implemented to keep miners working, 10% will go to masternodes.

Fair enough. Guess I better buy some more dark while its cheap.

[HiddenDark]

I just tried to sell into the downtrend, so I could buy back more. The uptrend started almost immediately. Lost a few DRK.

First and only attempt to trade. Back to my old strategy of HOLD.

[TanteStefana]

Difficulty Darkcoin Block: 2600.825477 (170M)

Hash Rate Darkcoin Total: 70.9GH/s

with these two parametrs for last couple of days, the miners get really not much.

My 4x280x get daily total: 0.360 DRK

so the level of 0,011BTC/DRK is much to undervalued.

Yup, at some point you gotta decide if it's worth it.  With my puny little "rigs" which are my desktop and what used to be our home Minecraft server, LOL, and a brought back from the dead headless computer, and nothing special graphics cards, I don't think I manage even .005 drk a day!  They will be put back to use serving up our minecraft games, maybe tonight.  It's too sickening to see, LOL, and I miss not doing stuff on my desktop.

At some point, the energy consumption and lack of use is just not worth it

[CarlesPuyol]

MASTERNODE REQUIREMENT WILL ALWAYS BE 1000 DRK:

Masternode requirements are going to be 1000DRK forever, for the following reasons:

- We need a bunch of masternodes, but more is NOT better. They cause chatter on the network saying they're still around and more memory usage everywhere. It's also more processing for the nodes to figure which to use.
- We want them to be reasonable expensive to start now and insanely expensive down the line.
- This will cause a feedback loop which will create upward pressure on price of darkcoin even making it more expensive to start one of these in the future (I detail this concept here: https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/)
- Every client on the network needs to keep a list of all of these, we don't want a list of 100k
- 10k masternodes @ $1000 is the same thing as 50k @ $200. The only difference is a lower barrier to entry and lower end equipment. In either case it would cost a million to add enough nodes to see half of the traffic.
- Also the clients need to download this list upon booting up
- There's also a consideration for the masternodes themselves. We have 576 blocks per day, If there's 10000 master nodes that means they'll on average get paid once every month and a half. I feel like if that number goes any higher we'll have nodes that won't want to wait to recoup their investment.

When will masternodes be brought down to 500drk each?  

There is no plan to reduce the masternode price, sorry.  I assume that if there was a problem keeping enough people interested in running masternodes, that the price would then be reduced.  But if enough people continue to run them, it will not.

Also, regarding an earlier question from someone, I believe Masternodes will earn 10% of all mining profits, so that means when fees are implemented to keep miners working, 10% will go to masternodes.

Fair enough. Guess I better buy some more dark while its cheap.

its hard to know whats going on, its the pump and dump time...

[luke997]

its hard to know whats going on, its the pump and dump time...

It's quite easy actually.

That was the 5th pump, and each time Darkcoin resisted dump and established new floor much higher. No other coin has done that before.

Time to draw your own conclusions.

[myxamop]

I just tried to sell into the downtrend, so I could buy back more. The uptrend started almost immediately. Lost a few DRK.

First and only attempt to trade. Back to my old strategy of HOLD.

The same shit man  

[blacklig]

its hard to know whats going on, its the pump and dump time...

It's quite easy actually.

That was the 5th pump, and each time Darkcoin resisted dump and established new floor much higher. No other coin has done that before.

Time to draw your own conclusions.

true..

you cant compare price movement with any scam premined pump and dump coins.

dark has loooot of value behind it and it is why price is not crashing, this is not even possible to make some pump and dump action as volume is even bigger then lite coins is! how can you manipulate that?