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

[eduffield]

When DRK hits $100 a masternode will be worth 100,000 bucks
Who will risk running such a server besides security geniuses?

Could this become an issue. will future masternodes require less DRK?

Evan said he is not considering lowering the DRK requirement for masternode. 1000DRK is reasonable enough and will make the 51% attack harder in the end

What we need next is someone with some programming talent to make a site like a pool, but you buy shares of a masternode. So when masternodes are much more expensive, they could still be divided down to a reasonable level. This would also allow someone who was not computer savvy to invest in masternodes, which is optimal.

I suggest the software not be based on anything existing, so it could become a darkcoin advantage over the competition. It seems pretty simple though, you buy shares for 1DRK, then it has some screens for stats and it pays out dividends much like MPOS.

Would that not in a way centralise the masternodes?

I don't think so, you share only one masternode in a server not all of them.

Plus, remember the people that have 1000 drk plus will set up their masternodes regardless without the use of such a service. So the idea will only add to the total number of masternodes. Ergo, decentralization will be as good as it was without this multipool type masternode service maybe a little better.

I think we'll always have 70-80% of the masternodes operated by individuals even after they're really expensive to run. But when they get that expensive, it would be nice to have some kind of alternative for investors/supporters. It also increases the overall capitalization of the masternode network, which is really good for the coin. Otherwise this is going to become something just for large investors really quick, so I think it's a good compromise.

PS, masternode centralization in the future doesn't cause any problems for darkcoin. I have 2 possible solutions to evaluate for V2 of darksend (ring signatures and encrypted system where the users themselves do the joining relayed through the masternodes.) . Both of these make the masternodes unaware of who is sending money to whom, so centralization isn't an issue at that point.

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[superplus]

i dont get one thing, if i send drk to a adress and look the adress up on the explorer it says balance 0. but they are there in the wallet, synced alright. also able to spend them.. am i missing smth?

[camosoul]

Should stop referring to finite units of this coin as Satoshis... They're Duffs now.

Yeah we decided this like 800 pages ago you freaking noobs, go read the rest of the 1200 page thread.

Watching the log tail shows what you 'decided' is still not so.

I'm rubber, you're glue...

[AlexGR]

When DRK hits $100 a masternode will be worth 100,000 bucks
Who will risk running such a server besides security geniuses?

Could this become an issue. will future masternodes require less DRK?

Evan said he is not considering lowering the DRK requirement for masternode. 1000DRK is reasonable enough and will make the 51% attack harder in the end

What we need next is someone with some programming talent to make a site like a pool, but you buy shares of a masternode. So when masternodes are much more expensive, they could still be divided down to a reasonable level. This would also allow someone who was not computer savvy to invest in masternodes, which is optimal.

I suggest the software not be based on anything existing, so it could become a darkcoin advantage over the competition. It seems pretty simple though, you buy shares for 1DRK, then it has some screens for stats and it pays out dividends much like MPOS.

Would that not in a way centralise the masternodes?

I don't think so, you share only one masternode in a server not all of them.

Plus, remember the people that have 1000 drk plus will set up their masternodes regardless without the use of such a service. So the idea will only add to the total number of masternodes. Ergo, decentralization will be as good as it was without this multipool type masternode service maybe a little better.

I think we'll always have 70-80% of the masternodes operatored by individuals even after they're really expensive to run. But when they get that expensive, it would be nice to have some kind of alternative for investors/supporters. It also increases the overall capitalization of the masternode network, which is really good for the coin. Otherwise this is going to become something just for large investors really quick, so I think it's a good compromise.

It will also have the side effect of people not parking -even their small amounts- to exchanges, but rather have it in small "masternode pools". This will reduce fractional practices (as exchanges can operate with more DRKs than they have), creating more (actual) coin demand. It will also allow Darkcoin to be less gox-able when massive exchanges go down and take half a million coins. If people have incentive NOT to park their money in exchanges, a serious issue is solved.

[camosoul]

When DRK hits $100 a masternode will be worth 100,000 bucks
Who will risk running such a server besides security geniuses?

I hope so. Working exactly as planned.

Could this become an issue. will future masternodes require less DRK?

Please Gawd no!

[camosoul]

I did try to do a bit arbitrage trading between cryptsy and Mintpal.
Afer done on a volume of 0,25 BTC i did recalclulate my trades as i did wonder where my profit was lost.

So i found out i payed 0,15% fee of volume at mintpal and 3% on cryptsy.

Cryptsy Charged me 3%, I´ve been done with them. Not only their bad transaction times, they also rip off their costumers !

Has somebody a link to their fees table ?

The one on Mintpal is easy to find, the fees table on cryptsy 

I'm advocating that cryptsy be removed from the "top of the list" position on the list of exchanges in the OP. Cryptsy is fucking people in more than one way and having them be the first stop is bad... They should be buried in the links.

[nakaone]

setting good incentives is one of the most important things in crypto (bitcoin imo suffers little from non-optimal incentivisation). when you want to make it perfectly you should also consider to set an incentive for running full-nodes in the future. maybe they should earn the transaction fees

[camosoul]

Masternodes dont use the GUI wallet clients you're used to, you run the CLI darkcoind daemon on the masternode server. But yes that darkcoind needs to be the latest RC (10.xx.xx) version. Linux is the only sane option if you're running a masternode...    

If you're thinking of doing this on your home Windows box, you need to rethink that plan.

I don't know why people keep propagating the idea that Linux is inherently secure. If you set up any kind of server without any knowledge of what you're actually doing, setting it up on Linux won't help you shit. If you don't know about security stuff setting up a server is generally just a bad move and should be thought over. Please stop spreading that irresponsible "Use Linux and you're perfectly safe" myth. The penguin is not going to magically secure you if you don't know how to make use of its tools.

edit: Rant over. No offense!

No one is saying that Linux is inherently secure. We're saying there are so many holes in Windows that you don't know about and have no control over that you can't make it secure even if you're a Jenius. Linux can be made into a fortress. Windows will always be a convenience store clerk at best.

[lohveh]

And bought some drk again ...
Still hope that mintpal refund my 13,99 DRK

[thefrog]

Masternodes dont use the GUI wallet clients you're used to, you run the CLI darkcoind daemon on the masternode server. But yes that darkcoind needs to be the latest RC (10.xx.xx) version. Linux is the only sane option if you're running a masternode...    

If you're thinking of doing this on your home Windows box, you need to rethink that plan.

I don't know why people keep propagating the idea that Linux is inherently secure. If you set up any kind of server without any knowledge of what you're actually doing, setting it up on Linux won't help you shit. If you don't know about security stuff setting up a server is generally just a bad move and should be thought over. Please stop spreading that irresponsible "Use Linux and you're perfectly safe" myth. The penguin is not going to magically secure you if you don't know how to make use of its tools.

edit: Rant over. No offense!

No one is saying that Linux is inherently secure. We're saying there are so many holes in Windows that you don't know about and have no control over that you can't make it secure even if you're a Jenius. Linux can be made into a fortress. Windows will always be a convenience store clerk at best.

Linux can be made secure much easier that windows, as in linux, you know what you have, and if you want, you have also all the sources so you can check if you really want to.
Nice article here - http://www.wired.com/2014/04/tails

[T-800]

Only about 10% higher and we've cought up with Doge in market cap. That would be huge.

[Terzo]

Only about 10% higher and we've cought up with Doge in market cap. That would be huge.

Huge title in the newspapers ! Doge Lost in the darknes !

[VladMaster]

I regret I sold for 50k sat :cc

[coins101]

Only about 10% higher and we've cought up with Doge in market cap. That would be huge.

Huge title in the newspapers ! Doge Lost in the darknes !

Much DRK, wow.

 

[DubFX]

Only about 10% higher and we've cought up with Doge in market cap. That would be huge.

Huge title in the newspapers ! Doge Lost in the darknes !

Sound funny but newspapers don't care about cryptos at all, otherwise we would be mainsteam already.

[lohveh]

And bought some drk again ...
Still hope that mintpal refund my 13,99 DRK

Mintpal did it <3 Thanks

[DubFX]

I regret I sold for 50k sat :cc

You have really screwed up my friend..

[camosoul]

Much DRK...

Such marketcap...

[susu]

Prices have been high to not understand.

[TsuyokuNaritai]

Competition watch... Any comments on the new Zerocash paper and how it compares and contrasts with Darkcoin? Is it looking more or less of a threat to our rightful world domination?