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

[Sleepyx]

I'm now fully back in the market, this time with a Jackpot coin hedge, so I don't care if the price goes down from here.

I feel so ultra-safe I might even buy another masternode !!!  

Lets not be delusional, all it takes is one mistake or one delay to cause huge problems. That's the risk we take.

what happened to the price??
 

While I still have my core holdings, I've sold all of my coin I use to trade and lower my price point.  Reason being, the fundamentals, at present, have changed.  Darkcoin currently has a centralized point of failure.  Granted, it's only temporary according to Evan and I do believe in him as a coder, but until DRK does not have a centralized point of failure, I cannot invest more and feel the trend will be down as I know I'm not the only person who feels that way.

https://darkcointalk.org/threads/help-test-rc2-forking-issues.1009/page-26#post-7730

Thank you for losing sleep to find the problems   Thanks to all you guys helping to progress darkcoin.

[1715044194]

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[1715044194]

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[slapper]

I don't get the checkpointing "concerns" to begin with. What exactly are you losing by having a temporary checkpointing system in place? I say even with the fork fixes, checkpointing till RC4 is a good idea.

[MyFarm]

I'm now fully back in the market, this time with a Jackpot coin hedge, so I don't care if the price goes down from here.

I feel so ultra-safe I might even buy another masternode !!!  

Lets not be delusional, all it takes is one mistake or one delay to cause huge problems. That's the risk we take.

what happened to the price??
 

While I still have my core holdings, I've sold all of my coin I use to trade and lower my price point.  Reason being, the fundamentals, at present, have changed.  Darkcoin currently has a centralized point of failure.  Granted, it's only temporary according to Evan and I do believe in him as a coder, but until DRK does not have a centralized point of failure, I cannot invest more and feel the trend will be down as I know I'm not the only person who feels that way.

https://darkcointalk.org/threads/help-test-rc2-forking-issues.1009/page-26#post-7730

https://bitcointalk.org/index.php?topic=421615.msg7236471#msg7236471

[droptable]

After that I went back and removed the whole checkpointing system.

....aaaaaand the its gone.
(the checkpointing)


thx for that!

buy the dev, not the coin. 

[MyFarm]

I don't get the checkpointing "concerns" to begin with. What exactly are you losing by having a temporary checkpointing system in place? I say even with the fork fixes, checkpointing till RC4 is a good idea.

It changed the fundamentals of the coin.  I've been investing in decentralized anonymity by a top tier dev.  When it, even temporarily, had a centralized point of failure, I could not add to my investment.  While I very much believe in Evan, sometimes "temporary" fixes find a way to become permanent ones.  I didn't sell my core investment because I believe in Evan, but I stick by my own rules.  Now that we're back to the original fundamentals, I'll be adding to my investment at opportune entry points.

[EuSouBitcoin]

Anyone want to eat my 135.42009540 BTC buy order on mintpal?

0.015 BTC is a bit below the current Bid of 0.0173. Raise your bid, I say.

[slapper]

I don't get the checkpointing "concerns" to begin with. What exactly are you losing by having a temporary checkpointing system in place? I say even with the fork fixes, checkpointing till RC4 is a good idea.

It changed the fundamentals of the coin.  I've been investing in decentralized anonymity by a top tier dev.  When it, even temporarily, had a centralized point of failure, I could not add to my investment.  While I very much believe in Evan, sometimes "temporary" fixes find a way to become permanent ones.  I didn't sell my core investment because I believe in Evan, but I stick by my own rules.  Now that we're back to the original fundamentals, I'll be adding to my investment at opportune entry points.

LMAO. Weren't you riding the XC train not long ago? What "fundamentals" did you see there? Man I suddenly realized using "fundamentals" in a sentence sounds so cool wrt investing.

[MyFarm]

I don't get the checkpointing "concerns" to begin with. What exactly are you losing by having a temporary checkpointing system in place? I say even with the fork fixes, checkpointing till RC4 is a good idea.

It changed the fundamentals of the coin.  I've been investing in decentralized anonymity by a top tier dev.  When it, even temporarily, had a centralized point of failure, I could not add to my investment.  While I very much believe in Evan, sometimes "temporary" fixes find a way to become permanent ones.  I didn't sell my core investment because I believe in Evan, but I stick by my own rules.  Now that we're back to the original fundamentals, I'll be adding to my investment at opportune entry points.

LMAO. Weren't you riding the XC train not long ago? What "fundamentals" did you see there? Man I suddenly realized using "fundamentals" in a sentence sounds so cool wrt investing.

XC was not an investment.  As such, I could care less about most of its' fundamentals.  

DRK, BTC, and NXT are my only crypto investments with a potential investment in Leaguecoin if Riot doesn't send them a C&D.

[tempestb]

Don't take this as FUD as I'm an owner of a significant amount of DarkCoin.  However, I wonder if anyone has considered that running a Masternode is going to run afoul of the "Money Laundering Control Act" that makes money laundering a federal crime in the U.S..  Specifically if you intend to purposely hide where money is coming from-and-going you will run into trouble.  Serious trouble really.  

It's akin to running an operation where someone goes to the bank, takes a bunch of money, brings it over to you.  You mix it up with other people's money, and give them the mixed up money instead.  <-- This is illegal.  Regardless if it is built into the coin itself, you've made a choice to launder the money by operating as a Masternode.  

I realize that we're talking about DRK here and not FIAT, but I doubt the Fed will care in what method you are doing it, only that you are doing it period.

Someone should probably talk to a lawyer who is familiar with money laundering rules and see if this would run into problems or not.  It might be good to know beforehand, so that if Masternode operators are arrested for money laundering that it doesn't crash the coin.  This is likely not just a United States issue either, money laundering is typically illegal everywhere.

[coins101]

Don't take this as FUD as I'm an owner of a significant amount of DarkCoin.  However, I wonder if anyone has considered that running a Masternode is going to run afoul of the "Money Laundering Control Act" that makes money laundering a federal crime in the U.S..  Specifically if you intend to purposely hide where money is coming from-and-going you will run into trouble.  Serious trouble really.  

It's akin to running an operation where someone goes to the bank, takes a bunch of money, brings it over to you.  You mix it up with other people's money, and give them the mixed up money instead.  <-- This is illegal.  Regardless if it is built into the coin itself, you've made a choice to launder the money by operating as a Masternode.  

I realize that we're talking about DRK here and not FIAT, but I doubt the Fed will care in what method you are doing it, only that you are doing it period.

Someone should probably talk to a lawyer who is familiar with money laundering rules and see if this would run into problems or not.  It might be good to know beforehand, so that if Masternode operators are arrested for money laundering that it doesn't crash the coin.  This is likely not just a United States issue either, money laundering is typically illegal everywhere.

Interesting, but this is a pass through system. If the master nodes were a controlled gateway you might have a point, but they do not have an ability to hold coins for any period that is longer than necessary to mix.  The start and end points are the regulated control points.

[slapper]

I don't get the checkpointing "concerns" to begin with. What exactly are you losing by having a temporary checkpointing system in place? I say even with the fork fixes, checkpointing till RC4 is a good idea.

It changed the fundamentals of the coin.  I've been investing in decentralized anonymity by a top tier dev.  When it, even temporarily, had a centralized point of failure, I could not add to my investment.  While I very much believe in Evan, sometimes "temporary" fixes find a way to become permanent ones.  I didn't sell my core investment because I believe in Evan, but I stick by my own rules.  Now that we're back to the original fundamentals, I'll be adding to my investment at opportune entry points.

LMAO. Weren't you riding the XC train not long ago? What "fundamentals" did you see there? Man I suddenly realized using "fundamentals" in a sentence sounds so cool wrt investing.

XC was not an investment.  As such, I could care less about most of its' fundamentals.  

DRK, BTC, and NXT are my only crypto investments with a potential investment in Leaguecoin if Riot doesn't send them a C&D.

Yah but you definitely cared about adding inflammatory remarks on their thread by throwing Ape under the bus (yes I know it was a mistake on Ape's part). Then never bothered to apologize for being the catalyst in the fire of them unfairly blaming Ape for the mishap when it was a totally different sequence of events which led to their price crash.

Anyways what's done is done, but I couldn't care less about your portfolio and don't give a rat crap the way you think you are entitled to discuss your personal trades here, and that you always happen to make the right trades at the right time  

[chaeplin]

Don't take this as FUD as I'm an owner of a significant amount of DarkCoin.  However, I wonder if anyone has considered that running a Masternode is going to run afoul of the "Money Laundering Control Act" that makes money laundering a federal crime in the U.S..  Specifically if you intend to purposely hide where money is coming from-and-going you will run into trouble.  Serious trouble really.  

It's akin to running an operation where someone goes to the bank, takes a bunch of money, brings it over to you.  You mix it up with other people's money, and give them the mixed up money instead.  <-- This is illegal.  Regardless if it is built into the coin itself, you've made a choice to launder the money by operating as a Masternode.  

I realize that we're talking about DRK here and not FIAT, but I doubt the Fed will care in what method you are doing it, only that you are doing it period.

Someone should probably talk to a lawyer who is familiar with money laundering rules and see if this would run into problems or not.  It might be good to know beforehand, so that if Masternode operators are arrested for money laundering that it doesn't crash the coin.  This is likely not just a United States issue either, money laundering is typically illegal everywhere.

You should take this to Blockchain.info, XC.

[sukottosan_d]

Don't take this as FUD as I'm an owner of a significant amount of DarkCoin.  However, I wonder if anyone has considered that running a Masternode is going to run afoul of the "Money Laundering Control Act" that makes money laundering a federal crime in the U.S..  Specifically if you intend to purposely hide where money is coming from-and-going you will run into trouble.  Serious trouble really.  

It's akin to running an operation where someone goes to the bank, takes a bunch of money, brings it over to you.  You mix it up with other people's money, and give them the mixed up money instead.  <-- This is illegal.  Regardless if it is built into the coin itself, you've made a choice to launder the money by operating as a Masternode.  

I realize that we're talking about DRK here and not FIAT, but I doubt the Fed will care in what method you are doing it, only that you are doing it period.

Someone should probably talk to a lawyer who is familiar with money laundering rules and see if this would run into problems or not.  It might be good to know beforehand, so that if Masternode operators are arrested for money laundering that it doesn't crash the coin.  This is likely not just a United States issue either, money laundering is typically illegal everywhere.

Interesting, but this is a pass through system. If the master nodes were a controlled gateway you might have a point, but they do not have an ability to hold coins for any period that is longer than necessary to mix.  The start and end points are the regulated control points.

Have people been charged for laundering with Bitcoin? Cause aren't there many services that do this or similar?

[MyFarm]

I'm certainly no attorney and don't operate any masternodes but I have pondered what you discuss, at length.

1.  Money laundering is the process by which "dirty" money is transformed into legitimate assets.  DRK does not do that and masternodes do not do that.
2.  Sometimes the term money laundering is used by certain entities in a manner that is synonymous with breaking certain financial laws.  I don't see what laws DRK is breaking but I, again, am not an attorney.
3.  What the masternodes do is help enforce our right to privacy here in the USA.  Other countries, I can't speak for you.

One of the reasons I support DRK is because I am an enormous privacy advocate.  I could care less about other uses for DRK.  I want privacy with digital cash.  I don't want people to know everything I've purchased in the last six months because they can see my money trail with ease.

[coins101]

https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710

 

[coins101]

I'm certainly no attorney and don't operate any masternodes but I have pondered what you discuss, at length.

1.  Money laundering is the process by which "dirty" money is transformed into legitimate assets.  DRK does not do that and masternodes do not do that.
2.  Sometimes the term money laundering is used by certain entities in a manner that is synonymous with breaking certain financial laws.  I don't see what laws DRK is breaking but I, again, am not an attorney.
3.  What the masternodes do is help enforce our right to privacy here in the USA.  Other countries, I can't speak for you.

One of the reasons I support DRK is because I am an enormous privacy advocate.  I could care less about other uses for DRK.  I want privacy with digital cash.  I don't want people to know everything I've purchased in the last six months because they can see my money trail with ease.

Some of you knew this was coming  :

Commenting on anonymity within crypto currencies, Jennifer Shasky Calvery, Director, Financial Crimes Enforcement Network, United States Department of the Treasury, confirms that financial privacy is a real and important aspect of all financial transactions.

The view on regulation is currently being considered in a similar light to Bitcoin. The Bank Secrecy Act and existing AML policies towards digital currency will still apply. In general, moving in and out of fiat requires the use of regulated entities.

Non disclosure of financial transactions on a blockchain ledger is not a reason to stop anonymity tools such as Darkcoin.

https://www.youtube.com/watch?v=M7bbDpwlTws&feature=youtu.be&t=11m48s

~12mins

[MyFarm]

I don't get the checkpointing "concerns" to begin with. What exactly are you losing by having a temporary checkpointing system in place? I say even with the fork fixes, checkpointing till RC4 is a good idea.

It changed the fundamentals of the coin.  I've been investing in decentralized anonymity by a top tier dev.  When it, even temporarily, had a centralized point of failure, I could not add to my investment.  While I very much believe in Evan, sometimes "temporary" fixes find a way to become permanent ones.  I didn't sell my core investment because I believe in Evan, but I stick by my own rules.  Now that we're back to the original fundamentals, I'll be adding to my investment at opportune entry points.

LMAO. Weren't you riding the XC train not long ago? What "fundamentals" did you see there? Man I suddenly realized using "fundamentals" in a sentence sounds so cool wrt investing.

XC was not an investment.  As such, I could care less about most of its' fundamentals.  

DRK, BTC, and NXT are my only crypto investments with a potential investment in Leaguecoin if Riot doesn't send them a C&D.

Yah but you definitely cared about adding inflammatory remarks on their thread by throwing Ape under the bus (yes I know it was a mistake on Ape's part). Then never bothered to apologize for being the catalyst in the fire of them unfairly blaming Ape for the mishap when it was a totally different sequence of events which led to their price crash.

Anyways what's done is done, but I couldn't care less about your portfolio and don't give a rat crap the way you think you are entitled to discuss your personal trades here, and that you always happen to make the right trades at the right time  

1.  If Darkcoin was a corporation and I was a member of the board of directors (often happens when you're a sizable investor), Ape would no longer hold an executive level position.  Ape has been instrumental in helping Darkcoin get where it is and I'm very appreciative of that, but sometimes companies outgrow the experience level of their entrepreneurs. 

2.  I apologized to the XC community for the tweet.  If that makes me the catalyst, so be it.

3.  I did get more emotional in this thread than I should have, and apologize for that.

4.  If you actually follow the few trade/calls I've made, I've been wrong plenty of times.  In fact, when it comes to trading, I'm usually wrong about as often as I'm right.

[slapper]

1.  If Darkcoin was a corporation and I was a member of the board of directors (often happens when you're a sizable investor), Ape would no longer hold an executive level position.  Ape has been instrumental in helping Darkcoin get where it is and I'm very appreciative of that, but sometimes companies outgrow the experience level of their entrepreneurs. 

2.  I apologized to the XC community for the tweet.  If that makes me the catalyst, so be it.

3.  I did get more emotional in this thread than I should have, and apologize for that.

4.  If you actually follow the few trade/calls I've made, I've been wrong plenty of times.  In fact, when it comes to trading, I'm usually wrong about as often as I'm right.

Ok. Apologies for the tirade.

So back to discussion about checkpointing. I don't buy the central point of failure theory here. Are we simply assuming that somehow this will just become a perma solution? Why?

[Delita Heiral]

Don't take this as FUD as I'm an owner of a significant amount of DarkCoin.  However, I wonder if anyone has considered that running a Masternode is going to run afoul of the "Money Laundering Control Act" that makes money laundering a federal crime in the U.S..  Specifically if you intend to purposely hide where money is coming from-and-going you will run into trouble.  Serious trouble really.  

It's akin to running an operation where someone goes to the bank, takes a bunch of money, brings it over to you.  You mix it up with other people's money, and give them the mixed up money instead.  <-- This is illegal.  Regardless if it is built into the coin itself, you've made a choice to launder the money by operating as a Masternode.  

I realize that we're talking about DRK here and not FIAT, but I doubt the Fed will care in what method you are doing it, only that you are doing it period.

Someone should probably talk to a lawyer who is familiar with money laundering rules and see if this would run into problems or not.  It might be good to know beforehand, so that if Masternode operators are arrested for money laundering that it doesn't crash the coin.  This is likely not just a United States issue either, money laundering is typically illegal everywhere.

Interesting, but this is a pass through system. If the master nodes were a controlled gateway you might have a point, but they do not have an ability to hold coins for any period that is longer than necessary to mix.  The start and end points are the regulated control points.

Have people been charged for laundering with Bitcoin? Cause aren't there many services that do this or similar?

Theyve tried on dreadpirateroberts and i think the bitpay gent, but the charges always get dropped because if btc isnt a legal currency then theres technically nothing to launder. 

Laws are 'evolving' though.

[raze182]

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