Minotaur26
Legendary
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Activity: 1092
Merit: 1000
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June 12, 2014, 07:44:29 PM |
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Not any more! That is what is so cool about this version, we finally have real cold wallet support! If you get stuck let me know I am no expert either but I am able to successfully run my nodes using the guides and since the coins are not at risk there is no reason to be afraid if something is not perfect from the get go, we can always adjust later. |
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hashnine
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June 12, 2014, 07:45:42 PM |
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On a different note! For all you football fans out there World Cup starting right now! Next World Cup in 2018 we should have a Darkcoin banner in the finals!
World cup... world cup everywhere... that suck. Some peoples are dying while stupid guys are running behind a stupid ball. Who care when a star get more than one millions per month? no one. But when a politician get 10k of $, people call that a crime. I hope darkcoin is not supporting world cup.  |
Careful XC anonymous coin is a scam
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TsuyokuNaritai
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June 12, 2014, 07:48:20 PM |
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What if a new form of address was created, a masternode-splitting 'dumby' address, which allowed address A, B, C and D to each send 250 DRK to the special MasterNode-splitting address "E" and only allowed address A to send or request to receive address A's 250 DRK, and only allowed address B to send or receive address B's 250 DRK and so on.
You could then have a knowledgeable masternode network manager, like Dyslexic Zombie, come in and create a MN from that dumby MN address and take a fee but never actually have the ability to take possession of any DRK from the address itself?
Surely it's simpler just letting the 1k be held in multiple addresses. Their owners could create public messages associating them with the masternode, to be used by the computer running 'masternodeaddr=' . What do you mean create public messages and what's to stop me from claiming the 333k DRK-holding XosX address? You can digitally sign a message using your private key, generating a digital signature. Anyone can then use your public key along with the digital signature and the message to verify that it was created by someone with access to the private key. |
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Jesse Livermore
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June 12, 2014, 07:49:06 PM |
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What if a new form of address was created, a masternode-splitting 'dumby' address, which allowed address A, B, C and D to each send 250 DRK to the special MasterNode-splitting address "E" and only allowed address A to send or request to receive address A's 250 DRK, and only allowed address B to send or receive address B's 250 DRK and so on.
You could then have a knowledgeable masternode network manager, like Dyslexic Zombie, come in and create a MN from that dumby MN address and take a fee but never actually have the ability to take possession of any DRK from the address itself?
If I understood you right, that would need multisig, invalidating your ability to control your funds. Imagine this scenario. 5 people pool up for a node. 1 month later, 1 of these persons has a problem and needs to pull their DRK's. Everyone else loose node payments, or no one else signs the tx, so you get locked out of your funds. Post on bitcointalk then that dumby MN address xyz just lost a 200-DRK partner and see if someone wants to take their place then? I'm not assuming that the dumby MN addresses are forever linked only to these 4 DRK-inputting addresses. I'm imagining that the MN address allows any address to send or receive DRK into or out of it. That wouldnt work, because a) everyone else will instantly be pissed for lack of payment and probably pull out as well, if fear, etc. b) payouts go to the the one address 0, so the owner of that address has full control of the funds, so payout to stake holders is seriously compromised no mater what. c) If address 0 is multisig... a stolen PC, death, bad actor, holidays, whatever... invalidates everyone else's access to funds. A) Perhaps after a couple hours or days of waiting for a replacement but the way I imagine it is it would be like playing bridge online on Yahoo. You have 4 players but if one leaves suddenly you're game is halted until you find a 4th and occasionally you'll see people go into the Yahoo chatroom looking for a 4th player to continue the game. Maybe if you only created a very limited amount of these "0" addresses you would have a constant demand to fill any spots vacated. B) make the "0" address automatically dispurse DRK payments to each address. Basically the "0" address wouldn't be controllable by anyone and is 'hard-coded' just to be a deposits-accepting and withdraw-sending address. C) I'm not following you. |
I own a DASH Masternode.... And you should too.
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oblox
Legendary
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Activity: 1442
Merit: 1018
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June 12, 2014, 07:49:07 PM |
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What if a new form of address was created, a masternode-splitting 'dumby' address, which allowed address A, B, C and D to each send 250 DRK to the special MasterNode-splitting address "E" and only allowed address A to send or request to receive address A's 250 DRK, and only allowed address B to send or receive address B's 250 DRK and so on.
You could then have a knowledgeable masternode network manager, like Dyslexic Zombie, come in and create a MN from that dumby MN address and take a fee but never actually have the ability to take possession of any DRK from the address itself?
If I understood you right, that would need multisig, invalidating your ability to control your funds. Imagine this scenario. 5 people pool up for a node. 1 month later, 1 of these persons has a problem and needs to pull their DRK's. Everyone else loose node payments, or no one else signs the tx, so you get locked out of your funds. Post on bitcointalk then that dumby MN address xyz just lost a 200-DRK partner and see if someone wants to take their place then? I'm not assuming that the dumby MN addresses are forever linked only to these 4 DRK-inputting addresses. I'm imagining that the MN address allows any address to send or receive DRK into or out of it. That wouldnt work, because a) everyone else will instantly be pissed for lack of payment and probably pull out as well, if fear, etc. b) payouts go to the the one address 0, so the owner of that address has full control of the funds, so payout to stake holders is seriously compromised no mater what. c) If address 0 is multisig... a stolen PC, death, bad actor, holidays, whatever... invalidates everyone else's access to funds. In this case the commitment for pooled masternodes should be for a certain period of time, can be quarterly, annually, etc. Is like having a fixed term deposit in a bank. If you go into a 6month masternode pool you cant take out the money until the term expires, that way everyone knows what to expect. If 6 months is too much for you go into one of the 3 months pools, etc. Solid idea. I like it. |
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Minotaur26
Legendary
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Activity: 1092
Merit: 1000
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June 12, 2014, 07:52:24 PM |
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On a different note! For all you football fans out there World Cup starting right now! Next World Cup in 2018 we should have a Darkcoin banner in the finals!
World cup... world cup everywhere... that suck. Some peoples are dying while stupid guys are running behind a stupid balloon. Who care when a stars get more than one millions per month? no one. But when a politician get 10k of $ it's a crime. I hope darkcoin is not supporting world cup. I didnt mean for it to get political, it is just a sports event with a lot of coverage. If you think about your argument then it would have to be applied to any professional sport. Why do baseball players, football, basketball,famous musicians, actors etc get paid so much while there are starving kids in the world, etc. I dont know, is a human thing and throughout history we have shown that humans are willing to pay to be entertained, some are entertained by a sport, or hookers, or drugs, or movies, the question is what entertains you? I am sure there is something and you are willing to pay for it. Anyway, back to Darkcoin. |
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georgem
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Activity: 1484
Merit: 1007
spreadcoin.info
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June 12, 2014, 07:52:40 PM |
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Basically it means you can have a node online with the 1000DRK just for 30 seconds, then you activate a secondary "hot" node with no money in it. After that you can literally power down the first node because in the new implementation the hot and cold node share a signing key. Very interesting. And those 30 seconds are basically just the time it takes for the two servers to successfully "shake hands"? A hot hand shaking a cold hand, and spreading some "warmth".... I like it!  |
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bobo418
Newbie
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Activity: 45
Merit: 0
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June 12, 2014, 08:47:46 PM |
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Running behind a balloon! That's so awesome I'm stealing it, man.
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kaene
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June 12, 2014, 08:56:46 PM |
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Nice, BUT, every 24h they will sell the bitcoins for USD, not hold. Otherwise people would sell those bitcoins for FIAT and then book the hotel, so basically it's the same. I'm sorry for the off-topic. AWESOME! |
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predatorkill
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June 12, 2014, 09:01:36 PM |
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Nice, BUT, every 24h they will sell the bitcoins for USD, not hold. Otherwise people would sell those bitcoins for FIAT and then book the hotel, so basically it's the same. I'm sorry for the off-topic. AWESOME! Otherwise, people could invest with FIAT on bitcoin, and if price rises they can basically buy cheaper reservations in the future |
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oblox
Legendary
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Activity: 1442
Merit: 1018
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June 12, 2014, 09:15:07 PM |
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Coinbase instantly converts received BTC from merchants to fiat so there is no crypto volatility risk. It's not even 24 hours, it's instantly.
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Minotaur26
Legendary
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Activity: 1092
Merit: 1000
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June 12, 2014, 09:21:10 PM |
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WHAT DOES COLD WALLET MASTERNODE MEANS. It means that the server that is running as a Masternode has 0 coins in its wallet.dat so there is 0 risk of loosing coins. We start a masternode like this, you need to use a second computer, normally your local computer at home. You run the darkcoind application in your local computer, you indicate in the darkcoin.conf file in the local computer masternodeaddr=xxx.xxx.xxx.xxx:9999 (put in your public IP address here from your remote machine) This indicates the network that your local machine with the 1000DRK is vouching for the remote masternode with 0 DRK. After that you take your local wallet offline, make several backups of your wallet.dat and as long as you dont move the coins from that address your remote masternode with 0DRK keeps running and making you money. Boom! Here is a guide on how to do it: https://darkcointalk.org/threads/remote-masternode-guide-updated.410/One question about this. If you use the wallet on your home pc for the 1000 drk and masternode fund, then can you still use the wallet? Or can you have a seperate wallet on the same pc? Sorry, I'm a bit noob on this issue still. In a way the wallet.dat file in your PC is the wallet. What I do is I start a fresh client with new wallet.dat, encrypt it, send the 1000 drk to the first address and use it forr activating the masternode. Then I backup that wallet.dat in several mediums and erase it from my home computer keeping it completely cold. Then you can open the client again with a different wallet.dat that has nothing to do with the one you used to start your masternode, so you can have many, but only one open at a time and should be really careful with your backups and renaming the wallet.dat's appropiately so you dont confuse them. Read more and make sure you feel confident before you move your coins around. |
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splawik21
Legendary
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Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
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June 12, 2014, 09:43:04 PM |
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Not any more! That is what is so cool about this version, we finally have real cold wallet support! If you get stuck let me know I am no expert either but I am able to successfully run my nodes using the guides and since the coins are not at risk there is no reason to be afraid if something is not perfect from the get go, we can always adjust later. OK Time to work it out  |
BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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oblox
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Activity: 1442
Merit: 1018
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June 12, 2014, 10:36:46 PM |
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hartvercoint
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June 12, 2014, 10:55:51 PM |
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lol, and everybody's crapping their pants right away. Even though 30k BTC aren't really THAT much and shouldn't even move the market as their sold kinda "off-the-record". |
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coins101
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Activity: 1456
Merit: 1000
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June 12, 2014, 11:02:20 PM |
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zombie6
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June 12, 2014, 11:04:47 PM |
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things are looking up! well...except btc  |
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coins101
Legendary
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Activity: 1456
Merit: 1000
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June 12, 2014, 11:10:40 PM |
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The DRKest hour is almost upon us |
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coins101
Legendary
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Activity: 1456
Merit: 1000
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June 12, 2014, 11:12:23 PM |
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Thanks to Flare, President Chaeplin, Fernando, Eltito, Propulsion,
Jimbit and everyone else who helped out! We had really impressive turn
out for testing day in and day out to help us ensure this release is
high quality. That's funny. https://darkcointalk.org/threads/rc3-hard-fork-on-june-20th.1241/ |
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