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

[CryptoPleb]

im expecting 1000 mn's though

[Ozziecoin]

im expecting 1000 mn's though

If MNs hit 1000, ROI will then be 20% but will remove 25% of coin supply.

Selling "high" might end up being a losing strategy. In first year, reinvest returns into more masternodes, until ROI hits 10%, implying 2000 MNs. I think this will probably give the best long term result, at present. This should maximise sustainable income in future years.

If masternode reward is increased to 30% or more, this will probably be the outright winning strategy.

[Icebucket]

im expecting 1000 mn's though

If MNs hit 1000, ROI will then be 20% but will remove 25% of coin supply.

Selling "high" might end up being a losing strategy. In first year, reinvest returns into more masternodes, until ROI hits 10%, implying 2000 MNs. I think this will probably give the best long term result, at present. This should maximise sustainable income in future years.

If masternode reward is increased to 30% or more, this will probably be the outright winning strategy.

There was some testing on testnet with 30%  but only a test 

[TsuyokuNaritai]

im expecting 1000 mn's though

In that case...

How many masternodes are there now? (Bearing in mind this.)

How many DRK would need to be bought for masternodes to get the number up to 1000 (not even counting any panic buying etc that would cause).

What price will that bring DRK up to when that much is bought?

That should make your 1000DRK investment even more profitable as long as you buy it soon enough.

Masternodes: the more we end up with, the more you'll make... so long as you get in early not late!

[splawik21]

Ralking about the price now is meaningless. Every masternode investor thinks longterm. Wait till opensource and the hype which will be than. The division of the market pie is NOW!!!

edit: Ozzie brawo.

selling now is like taking the chupachups and run away inspite off the tons of chocolates later.

[oblox]

im expecting 1000 mn's though

In that case...

How many masternodes are there now? (Bearing in mind this.)

How many DRK would need to be bought for masternodes to get the number up to 1000 (not even counting any panic buying etc that would cause).

What price will that bring DRK up to when that much is bought?

That should make your 1000DRK investment even more profitable as long as you buy it soon enough.

Masternodes: the more we end up with, the more you'll make... so long as you get in early not late!

Dumping the addresses with at least 1000 drk in their balances (unfortunately, factors in exchanges addresses), dividing those balances by 1000 and rounding the resulting number down to exclude fractional nodes, the count of potential masternodes is up to 3639. This does not include those that are just under the 1000 threshold (999.89 for instance). So the cap could already exist...

[TanteStefana2]

im expecting 1000 mn's though

In that case...

How many masternodes are there now? (Bearing in mind this.)

How many DRK would need to be bought for masternodes to get the number up to 1000 (not even counting any panic buying etc that would cause).

What price will that bring DRK up to when that much is bought?

That should make your 1000DRK investment even more profitable as long as you buy it soon enough.

Masternodes: the more we end up with, the more you'll make... so long as you get in early not late!

Dumping the addresses with at least 1000 drk in their balances (unfortunately, factors in exchanges addresses), dividing those balances by 1000 and rounding the resulting number down to exclude fractional nodes, the count of potential masternodes is up to 3639. This does not include those that are just under the 1000 threshold (999.89 for instance). So the cap could already exist...

I agree, I'm betting on at least 1000 by the end of the first month.  Even so, if there are as many as 5000 masternodes, we would still be earning 4% a year.  But if there averages out to be 1000 MNs, it'll be more like 21%.  I suspect the total number of Masternodes will be between the two somewhere?

[oblox]

im expecting 1000 mn's though

In that case...

How many masternodes are there now? (Bearing in mind this.)

How many DRK would need to be bought for masternodes to get the number up to 1000 (not even counting any panic buying etc that would cause).

What price will that bring DRK up to when that much is bought?

That should make your 1000DRK investment even more profitable as long as you buy it soon enough.

Masternodes: the more we end up with, the more you'll make... so long as you get in early not late!

Dumping the addresses with at least 1000 drk in their balances (unfortunately, factors in exchanges addresses), dividing those balances by 1000 and rounding the resulting number down to exclude fractional nodes, the count of potential masternodes is up to 3639. This does not include those that are just under the 1000 threshold (999.89 for instance). So the cap could already exist...

I agree, I'm betting on at least 1000 by the end of the first month.  Even so, if there are as many as 5000 masternodes, we would still be earning 4% a year.  But if there averages out to be 1000 MNs, it'll be more like 21%.  I suspect the total number of Masternodes will be between the two somewhere?

Still have to look at it in terms of how many coins are out there. Max right now could only be 4300 but with all the fractional coins in addresses and the no market for coins if they are all removed from circulation, it won't happen. I thought Evan's plans were to cap it at 2000 masternodes. Not sure if this was finalized or not, but if that is the case, seems like a rush to get them online being that there are enough 1000 drk blocks to setup at least that many right now.

[TsuyokuNaritai]

im expecting 1000 mn's though

In that case...

How many masternodes are there now? (Bearing in mind this.)

How many DRK would need to be bought for masternodes to get the number up to 1000 (not even counting any panic buying etc that would cause).

What price will that bring DRK up to when that much is bought?

That should make your 1000DRK investment even more profitable as long as you buy it soon enough.

Masternodes: the more we end up with, the more you'll make... so long as you get in early not late!

Dumping the addresses with at least 1000 drk in their balances (unfortunately, factors in exchanges addresses), dividing those balances by 1000 and rounding the resulting number down to exclude fractional nodes, the count of potential masternodes is up to 3639. This does not include those that are just under the 1000 threshold (999.89 for instance). So the cap could already exist...

That doesn't work. It takes specific know-how to run masternodes (someone who is just used to mining for example couldn't just do it without extra study), and if you do it half-assedly you get your 1000DRK stolen. Most of the DRK of which you speak are owned by exchanges, or not particularly techy whales, or not particularly darkheady whales or others who don't intend to run masternodes. Most of that DRK isn't in the hands of those who would run masternodes, and won't be until they bid high enough to prise it from their current owners' clammy mitts.

[oblox]

im expecting 1000 mn's though

In that case...

How many masternodes are there now? (Bearing in mind this.)

How many DRK would need to be bought for masternodes to get the number up to 1000 (not even counting any panic buying etc that would cause).

What price will that bring DRK up to when that much is bought?

That should make your 1000DRK investment even more profitable as long as you buy it soon enough.

Masternodes: the more we end up with, the more you'll make... so long as you get in early not late!

Dumping the addresses with at least 1000 drk in their balances (unfortunately, factors in exchanges addresses), dividing those balances by 1000 and rounding the resulting number down to exclude fractional nodes, the count of potential masternodes is up to 3639. This does not include those that are just under the 1000 threshold (999.89 for instance). So the cap could already exist...

That doesn't work. It takes specific know-how to run masternodes (someone who is just used to mining for example couldn't just do it without extra study), and if you do it half-assedly you get your 1000DRK stolen. Most of the DRK of which you speak are owned by exchanges, or not particularly techy whales, or not particularly darkheady whales or others who don't intend to run masternodes. Most of that DRK isn't in the hands of those who would run masternodes, and won't be until they bid high enough to prise it from their current owners' clammy mitts.

I wouldn't rule anything out, especially with cold wallet storage and active remote nodes... virtually riskless to run one. It may seem overwhelming to set one up now, but give it a couple weeks after payouts and I guarantee you there will be a baby version how-to that anyone can follow. But yes, not everyone with balances greater than 1000 will setup a MN. This was merely to show how many could right now, given their balances. Has nothing to do with technical know-how. As for the exchanges included, if you can run a cold-wallet setup, nothing says an exchange couldn't do it with their pooled balances from end-users. Great way to make some passive income on coins that are literally just sitting there.

[TanteStefana2]

I'm always shocked to think of how many people keep their coins on exchanges.  A HUGE percentage of coins in existence are kept on exchanges, which really ... well, I mean... Mt. Gox was only a few months ago!

[Propulsion]

I'm always shocked to think of how many people keep their coins on exchanges.  A HUGE percentage of coins in existence are kept on exchanges, which really ... well, I mean... Mt. Gox was only a few months ago!

Haha but it's so easy!

[Ozziecoin]

Darkcoin has changed the market dynamics but people don't realise it. People are trading as if that's the only way of making profit. In fact, a buy and hold masternode strategy will probably be superior and definitely better for the majority of people.

[Lauda]

I feel much more confident about the masternode payments today than I did a week ago.   

One shouldn't worry about such things. Have faith in the development team, they are great and they have proven it.

[illodin]

Evan's reply.

https://bitcointalk.org/index.php?topic=627349.msg7073643#msg7073643

Thanks for the questions. It does seem like you're missing something. Although, it might not be your fault. The whitepaper is definitely out of date. We've done a lot of work at tweaking the trust model so that it can't be exploited. I'll try to explain how it works briefly, then hopefully if I get time I can revisit the whitepaper soon.

- Masternodes don't have any power over the transactions. They just coordinate the signing. All parties must sign in order for the transaction to be valid. So there's no way to cheat and take the money.
- Users submit collateral. At a later phase if a user doesn't provide the signature as agreed, the transaction will fail. Without colateral this could be done over and over bringing the system to a halt.
- Masternodes have the ability to take the collateral transaction if they wish, but it's paid to the bounty fund. So it doesn't benefit them, it just benefits the community. This removed the incentive to cheat and take the money.

There's no relying on pools at all anymore. Payments to masternodes are done with a voting system embedded into the blockchain. It would take 51% of the mining power to pay the wrong masternode, or another party (because the last few miners to solve blocks must agree on who should be paid)

Transaction currently require 3 parties to be created, so there's a short wait. There are no fake transactions to make that quicker, although this could be done. There's usually 5 or so transaction per 2.5 minutes, so the network should be able to function pretty efficiently under these requirements.

Hoping that helps . Thanks,

Evan

I bet XC dev is taking notes.

Apparently he was taking notes. XC has abandoned the "dynamic trust model" plan as DOA in their nodes and is planning on implementing multi-sigs.

I guess the next step is to announce plans for collateral as well. Anyone have a guess for the next step after that?

[sin242]

Crazy sells. Someone's really trying to drive the price down.

[predatorkill]

Crazy sells. Someone's really trying to drive the price down.

don't worry, price goes up minutes after

[Icebucket]

Crazy sells. Someone's really trying to drive the price down.

Why are people selling at the daily 21MA, that is the best place to stock up.
Thank you for the drks numbnuts  

[sin242]

Crazy sells. Someone's really trying to drive the price down.

don't worry, price goes up minutes after

Not worried at all.  It's been doing this for 3 days now.

[splawik21]

Crazy sells. Someone's really trying to drive the price down.

veeeery risky ATM