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

[salmion]

yes, but money laundering is and thats basically what a masternode does.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

http://en.wikipedia.org/wiki/Money_laundering

MNs are only obfuscating Darkcoin transactions, i.e. turning them into cash like transactions.

I agree. I don't plan to do anything illegal. But does this sound improbable?
A terrorist organization gets paid in DRK (They accept BTC now...) the transaction was somehow associated with a masternode. This node is associated with you. There's a knock on the door...

Is it possible to know which two nodes are used?

Isn't this is like penalising visa for processing a dubious person's credit card transactions?

[zombie6]

yes, but money laundering is and thats basically what a masternode does.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

http://en.wikipedia.org/wiki/Money_laundering

MNs are only obfuscating Darkcoin transactions, i.e. turning them into cash like transactions.

I agree. I don't plan to do anything illegal. But does this sound improbable?
A terrorist organization gets paid in DRK (They accept BTC now...) the transaction was somehow associated with a masternode. This node is associated with you. There's a knock on the door...

Governments love to use terrorism and kiddieporn to create FUD and justify their actions, don't play along.

[raganius]

Has anyone come up with the idea of making masternodes into shares? Would it work?

So say i wanted to host a masternode and receive the 20% ROI, but i only have say 10% of required amount of dark to host one (100drk).

Would it be possible to set up a sort of market place to buy shares in a masternode and receive "dividends"? Or some sort of group investment maybe?

Have a look at this thread by DZ (He is doing a great job organising Darkcoin Community MasterNode Services):

https://bitcointalk.org/index.php?topic=626715

[salmion]

A certain percent of your real money will have been used for something illegal. It's still money. That's the point of ecash like darkcoin. Money stays money. Without taint.

Also there would be no point tracking a node operator down because they have no control or knowledge of what transactions are taking place.

[raganius]

yes, but money laundering is and thats basically what a masternode does.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

http://en.wikipedia.org/wiki/Money_laundering

MNs are only obfuscating Darkcoin transactions, i.e. turning them into cash like transactions.

I agree. I don't plan to do anything illegal. But does this sound improbable?
A terrorist organization gets paid in DRK (They accept BTC now...) the transaction was somehow associated with a masternode. This node is associated with you. There's a knock on the door...

A terrorist comes into your shop and buys a sandwich. OMG you have aided a terrorist, the guvthugs will come for you!

Funny isn't it that nobody is worried about the 'actual' terrorists, but everyone is terrified of being fucked over by their own government.

STOP LIVING IN FEAR AND FIGHT THESE FUCKERS EVERY CHANCE YOU GET

The worst acts of terror have all been funded with FIAT money... from taxes.

[MasterMined710]

Development Update - July 7th

https://darkcointalk.org/threads/development-updates-july-7th.1735/

+710

this is the best update i've seen yet. very exciting!
is it safe to say that darksend+ is better than ring signature level anon and without all the bloat?
and the question everyones asking is how much extra bloat will this cause if hardly any? 90% less than cryptonote coins?

[Icebucket]

I came across this site that shows in real time who is buying btc with fiat, and the amount going into china really surprised me.
http://fiatleak.com/

Maybe it could be a good idea to translate all old PR releases to mandarin. And release any new ones in english and mandarin at the same time.

[humanitee]

this is the best update i've seen yet. very exciting!
is it safe to say that darksend+ is better than ring signature level anon and without all the bloat?
and the question everyones asking is how much extra bloat will this cause if hardly any? 90% less than cryptonote coins?

Not yet, but it will be. There still exists a chance that a bad actor could own 2 nodes that were both selected at the same time and could see where the transactions go. With IP obfuscation this won't be an issue because you can just use multiple Darksend rounds if you are really paranoid. Also, currently there is no point in using multiple rounds of Darksend because the chance always exists that 2 nodes will be owned by the same bad actor on the last Darksend. With IP obfuscation the link will be broken entirely on previous Darksends, making piecing together the current transaction impossible.

[chaeplin]

https://darkcointalk.org/threads/development-updates-july-7th.1735/page-2#post-11487


fernando

You are right. If someone controlling both masternodes can deanonymize transactions (haven't checked with devs, maybe there is some measure in that area already), the risk is still there. However, thanks to the high number of masternodes, it is extremely low. I've done some numbers for 600 masternodes (we are at 605 now), 800 and 1000. At 600 you need 61 masternodes (now about 436k USD) coordinated to act roguely to get a 1% chance of deanonymize a transaction. With 1000 masternodes you need more than 100 masternodes for that 1%.

Of course, if you are just looking for any transaction, even a low percentage maybe good enough, but I'm sure devs can do something in the communication with MNs so the probability goes to zero. Something needs to be left for Darksend++ or the fun is going to be over too fast :wink:

You can check the numbers at the table below or in Google Docs: http://j.mp/1mEtWz4

[BrainShutdown]

I came across this site that shows in real time who is buying btc with fiat, and the amount going into china really surprised me.
http://fiatleak.com/

Maybe it could be a good idea to translate all old PR releases to mandarin. And release any new ones in english and mandarin at the same time.

+1

Such market! WoW 

[hartvercoint]

I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...

Am I just being paranoid?

IMO as long as Darkcoin is mainly still underground and not a widely known Crypto thats not an issue. Gov is far behind imo in terms of legislation etc.

Nevertheless i had those thoughts too.

Privacy is not illegal!

yes, but money laundering is and thats basically what a masternode does.

That's bullshit. You should read up on what money laundering actually means.
In your terms anyone using cash would be laundering money all the time which obviously isn't true.

Claiming that (illegally earned) money comes from a legitimate source and constructing proof thereof is money laundering. Obfuscating where it really came from is in fact inherent to money laundering but not the other way around.

[dreamspark]

I came across this site that shows in real time who is buying btc with fiat, and the amount going into china really surprised me.
http://fiatleak.com/

You do realise that for someone to buy someone has to sell, all that really shows you is volume...

If someone in China is buying lots of Bitcoins someone else is selling lots.

[humanitee]

Is anyone knowledgeable enough about Amazon EC2 to tell me whether or not they are a threat to the masternode network? What I mean is, could they unveil large amounts of users if they wanted to simply because they have access to the physical machines? With all the xKEYSCORE and general NSA bullshit it seems like you can never be sure that a private company is operating privately any more.

[ImI]

I came across this site that shows in real time who is buying btc with fiat, and the amount going into china really surprised me.
http://fiatleak.com/

You do realise that for someone to buy someone has to sell, all that really shows you is volume...

If someone in China is buying lots of Bitcoins someone else is selling lots.

exactly, and even those volume numbers from china are mostly fake

[TanteStefana2]

I came across this site that shows in real time who is buying btc with fiat, and the amount going into china really surprised me.
http://fiatleak.com/

Maybe it could be a good idea to translate all old PR releases to mandarin. And release any new ones in english and mandarin at the same time.

That's so cool!

Yah, I wish my daughter had taken Chinese lessons seriously when she was a kid but she lost interest

[CryptoPleb]

I came across this site that shows in real time who is buying btc with fiat, and the amount going into china really surprised me.
http://fiatleak.com/

Maybe it could be a good idea to translate all old PR releases to mandarin. And release any new ones in english and mandarin at the same time.

That's so cool!

Yah, I wish my daughter had taken Chinese lessons seriously when she was a kid but she lost interest

Should have graded her like she was a Chinese student

[JGCMiner]

Is anyone knowledgeable enough about Amazon EC2 to tell me whether or not they are a threat to the masternode network? What I mean is, could they unveil large amounts of users if they wanted to simply because they have access to the physical machines? With all the xKEYSCORE and general NSA bullshit it seems like you can never be sure that a private company is operating privately any more.

Given the percentage chart posted earlier (soon you will need 100 masternodes just to de-anonymize 1% of the transactions), I think this is the real concern.  Just how much can amazon unveil if prodded by the gov't? This alone is reason for some sort of encryption even if it is a major undertaking.  

[hartvercoint]

https://darkcointalk.org/threads/development-updates-july-7th.1735/page-2#post-11487


fernando

You are right. If someone controlling both masternodes can deanonymize transactions (haven't checked with devs, maybe there is some measure in that area already), the risk is still there. However, thanks to the high number of masternodes, it is extremely low. I've done some numbers for 600 masternodes (we are at 605 now), 800 and 1000. At 600 you need 61 masternodes (now about 436k USD) coordinated to act roguely to get a 1% chance of deanonymize a transaction. With 1000 masternodes you need more than 100 masternodes for that 1%.

Of course, if you are just looking for any transaction, even a low percentage maybe good enough, but I'm sure devs can do something in the communication with MNs so the probability goes to zero. Something needs to be left for Darksend++ or the fun is going to be over too fast :wink:

You can check the numbers at the table below or in Google Docs: http://j.mp/1mEtWz4

- snip -

Not selecting MN2 from the same IP range that MN1 is in, will already help to mitigate the risk of choosing two nodes that are run by the same entity. It also shouldn't happen that MN1 and MN2 have very similar or very little uptime.

The problem of one entity owning the used nodes is inherent to Tor as well and a lot of the countermeasures Tor takes might be used for masternodes too.

[TanteStefana2]

Is anyone knowledgeable enough about Amazon EC2 to tell me whether or not they are a threat to the masternode network? What I mean is, could they unveil large amounts of users if they wanted to simply because they have access to the physical machines? With all the xKEYSCORE and general NSA bullshit it seems like you can never be sure that a private company is operating privately any more.

Anyone using Amazon has an account there, with credit card or something.  So yah, Amazon has all the information to out you if you have a Masternode with them.  Like Google, they could give the Gov any info the Gov asked for (with a warrant) It has nothing to do with Amazon having access to your virtual machine, they don't have to mess with that any.

Our masternode ip addresses on the network will definitively show that we are running masternodes.

But, there is no law against crypto currency, and if they try to do that, they lose.

[CryptoPleb]

https://darkcointalk.org/threads/development-updates-july-7th.1735/page-2#post-11487


fernando

You are right. If someone controlling both masternodes can deanonymize transactions (haven't checked with devs, maybe there is some measure in that area already), the risk is still there. However, thanks to the high number of masternodes, it is extremely low. I've done some numbers for 600 masternodes (we are at 605 now), 800 and 1000. At 600 you need 61 masternodes (now about 436k USD) coordinated to act roguely to get a 1% chance of deanonymize a transaction. With 1000 masternodes you need more than 100 masternodes for that 1%.

Of course, if you are just looking for any transaction, even a low percentage maybe good enough, but I'm sure devs can do something in the communication with MNs so the probability goes to zero. Something needs to be left for Darksend++ or the fun is going to be over too fast :wink:

You can check the numbers at the table below or in Google Docs: http://j.mp/1mEtWz4

- snip -

Not selecting MN2 from the same IP range that MN1 is in, will already help to mitigate the risk of choosing two nodes that are run by the same entity. It also shouldn't happen that MN1 and MN2 have very similar or very little uptime.

The problem of one entity owning the used nodes is inherent to Tor as well and a lot of the countermeasures Tor takes might be used for masternodes too.

But masternodes can be hosted anywhere, if I had another I wouldn't host it on Amazon Australia servers where my first one is.