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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9722502 times)
Junkey
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May 23, 2014, 04:25:46 PM
 #25621

Working fine for me.
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oblox
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May 23, 2014, 04:26:05 PM
 #25622

Mintpal offline ?!?! Has anybody idea why ?

No, working fine.
lynn_402
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May 23, 2014, 04:26:47 PM
 #25623

Is there DRK to USD or DRK to EUR trading anywhere?

There is on https://www.vaultofsatoshi.com
georgeandy
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May 23, 2014, 04:27:58 PM
 #25624

Completely missed the DRK....
Minotaur26
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May 23, 2014, 04:29:01 PM
 #25625

Why is it that darkcoin keeps rising?
 I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  Embarrassed.)  I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.      

As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up.

So its a giant ponzi scheme where you keep investing to make more money?  I'm not trying to knock darkcoin at all, but I'm just not getting the end game.


No it is most definitely not a ponzi scheme, Darkcoin has real value to the end users as an anonymous currency. If you want to invest in the infrastructure of Darkcoin and help provide that service you get a reward. It is not proof of stake. Masternodes are actually a lot of work and represent a risk.  You can make money different ways, either by investing in a young project with potential so your investment appreciates over time, or provide a service to the network, put your capital at risk and receive a reward. Or create an economy around it sell dark to people in your country charge a commission, start accepting dark in your existing business or create a new one.
TsuyokuNaritai
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May 23, 2014, 04:33:10 PM
 #25626

At exactly what time (in what time zone) does the fork/masternode change take effect, and how soon will we know if everything went OK?

Thanks.  Smiley

Syntax360
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May 23, 2014, 04:34:12 PM
 #25627

Have masternodes started receiving payment yet, or is that part of the May 25th fork?
Anduck
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May 23, 2014, 04:34:28 PM
 #25628

Ok i got it working.. Had to redownload the whole blockchain. Still don't know what caused it since it was the correct blockchain and i did -rescan... Anyway now it works so I'm happy. =)

Edit: Do masternodes get paid? How to be a masternode?

Minotaur26
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May 23, 2014, 04:36:25 PM
 #25629

At exactly what time (in what time zone) does the fork/masternode change take effect, and how soon will we know if everything went OK?

Thanks.  Smiley

Timer is here http://drk.poolhash.org/graph.html 47 hours left before hard fork.
Kai Proctor
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May 23, 2014, 04:36:37 PM
 #25630

Why is it that darkcoin keeps rising?
 I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  Embarrassed.)  I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.      

As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up.

So its a giant ponzi scheme where you keep investing to make more money?  I'm not trying to knock darkcoin at all, but I'm just not getting the end game.

(1) Earn DRK by helping the network, make it more secure
(2) Reduce the currency in circulation
(3) Increase the value of a DRK
=> What you earn have more value.

You always keep your DRK you just "lock" them to run a masternode and you can cash out at anytime, but no more masternode and passive earning.
splawik21
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DASH is the future of crypto payments!


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May 23, 2014, 04:37:17 PM
 #25631

Have masternodes started receiving payment yet, or is that part of the May 25th fork?

yes
since fork 25th

BE SMART, USE DASH ( ͡° ͜ʖ ͡°)
Minotaur26
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May 23, 2014, 04:37:42 PM
 #25632

Have masternodes started receiving payment yet, or is that part of the May 25th fork?

Part of the 25th fork.
Minotaur26
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May 23, 2014, 04:38:41 PM
 #25633

Ok i got it working.. Had to redownload the whole blockchain. Still don't know what caused it since it was the correct blockchain and i did -rescan... Anyway now it works so I'm happy. =)

Edit: Do masternodes get paid? How to be a masternode?

Yes they do. learn more about masternodes here http://wiki.darkcoin.eu/wiki/FAQ#What_are_Master_Nodes.3F
roede94105
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May 23, 2014, 04:41:00 PM
 #25634

Watch out if the 0.0255 buy wall falls, panic might follow
Ozziecoin
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May 23, 2014, 04:42:55 PM
 #25635

If this keeps falling, I'll be forced to buy MORE!!!  Grin

Non-technical coin. Use OZC to intro coins to everyday aussies: http://ozziecoin.com
fibbonac1z
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May 23, 2014, 04:43:30 PM
 #25636

Why is it that darkcoin keeps rising?
 I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  Embarrassed.)  I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.      

DRK is far below its true value.  there only 4M DRK ATM you know
TanteStefana2
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May 23, 2014, 04:44:34 PM
 #25637

Why is it that darkcoin keeps rising?
 I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  Embarrassed.)  I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.      

As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up.

So its a giant ponzi scheme where you keep investing to make more money?  I'm not trying to knock darkcoin at all, but I'm just not getting the end game.


This is hard for me to say, because I don't want to be responsible for encouraging people, then if things go wrong, I'd feel bad.  BUT, the I honestly think the reason Darkcoin is going up in value all of a sudden is simply because people, having suddenly discovered us, are spreading the word and demand is exponentially growing.

Why are they spreading the word?  Well, here are a few reasons why Darkcoin is different off the top of my head:

#1 Because we have an incredible, non-anonymous developer that has done so much in so little time.
2.  Our Developer has dedicated the next two years of his time to the continued development of this coin (not just maintenance)
3.  Because Darkcoin with Darksend is VERY anonymous right now, however our developer tells us he will implement RC3 "right after the fork" which is supposed to be completely anonymous without the use of ring signature (which cause blockchain bloat)
4.  Darksend employs a system of Masternodes.  The plan is to have these masternodes do more than conceal transactions.  They will also have many functions beyond that in the future such as serving up the blockchain so that users can all use lightweight wallets, yet the masternodes will keep the blockchain decentralized at the same time.
5.  There is a list of ideas people have for the Masternodes, such as an ebay/etsy system built as a decentralized community policed system (for protection of the Masternode holders, to keep illegal activity off the system) An escrow system, encrypted messages, etc...
6.  The services above could charge a minor fee to pay the masternodes for their extra service.  Some services might need to be mandatory to run, others may not have to be mandatory to run.  Fees would encourage people to run extra services.

So you can see, there is an amazing future for Darkcoin, that covers many aspects of an economy.  Support for private trade, escrow, communication and true ecash that can not be traced by prying eyes, giving users more personal security from thieves and worse.

So is Darkcoin worth the price?

Another proud lifetime Dash Foundation member Smiley My TanteStefana account was hacked, Beware trading
"You'll never reach your destination if you stop to throw stones at every dog that barks."
Sir Winston Churchill  BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d
roede94105
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May 23, 2014, 04:47:02 PM
 #25638

Watch out if the 0.0255 buy wall falls, panic might follow

lol

I don't want to spread FUD at all, just saying it might be a time to stay awake and watch carefully, nasty candle.

I'm FAR from an expert though, I'm the guy who held 3K coins since the beginning and sold 3 weeks ago 2k coins right before the explosion
blueforever
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May 23, 2014, 04:47:47 PM
 #25639

watch out below!
Kai Proctor
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May 23, 2014, 04:48:16 PM
 #25640

Why is it that darkcoin keeps rising?
 I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  Embarrassed.)  I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.      

As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up.

So its a giant ponzi scheme where you keep investing to make more money?  I'm not trying to knock darkcoin at all, but I'm just not getting the end game.


This is hard for me to say, because I don't want to be responsible for encouraging people, then if things go wrong, I'd feel bad.  BUT, the I honestly think the reason Darkcoin is going up in value all of a sudden is simply because people, having suddenly discovered us, are spreading the word and demand is exponentially growing.

Why are they spreading the word?  Well, here are a few reasons why Darkcoin is different off the top of my head:

#1 Because we have an incredible, non-anonymous developer that has done so much in so little time.
2.  Our Developer has dedicated the next two years of his time to the continued development of this coin (not just maintenance)
3.  Because Darkcoin with Darksend is VERY anonymous right now, however our developer tells us he will implement RC3 "right after the fork" which is supposed to be completely anonymous without the use of ring signature (which cause blockchain bloat)
4.  Darksend employs a system of Masternodes.  The plan is to have these masternodes do more than conceal transactions.  They will also have many functions beyond that in the future such as serving up the blockchain so that users can all use lightweight wallets, yet the masternodes will keep the blockchain decentralized at the same time.
5.  There is a list of ideas people have for the Masternodes, such as an ebay/etsy system built as a decentralized community policed system (for protection of the Masternode holders, to keep illegal activity off the system) An escrow system, encrypted messages, etc...
6.  The services above could charge a minor fee to pay the masternodes for their extra service.  Some services might need to be mandatory to run, others may not have to be mandatory to run.  Fees would encourage people to run extra services.

So you can see, there is an amazing future for Darkcoin, that covers many aspects of an economy.  Support for private trade, escrow, communication and true ecash that can not be traced by prying eyes, giving users more personal security from thieves and worse.

So is Darkcoin worth the price?


This guy's misuse of the term Ponzi scheme makes me cringe.  Sad
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