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

[JGCMiner]

Woah! 15 second blocks mean that instead of waiting 1-2 hours to get all of your coins anonymized you are looking at 5-10 minutes.

This could be Massive.

Edit: It is a little early to start the coin name flamewar ehem... debate. Let's wait and see exactly what is possible and exactly what the coin becomes first.

This is hypothetical but - if that was true

IF we had 15 sec's block times....
That would mean that the coins per block would need to be changed.

5DRK / 2.5mins = 2DRK/min
2DRK/min / 60sec = 0.03333333DRK/sec
0.03333333DRK/sec * 15sec = 0.5DRK per Block

6DRK / 2.5mins = 2.4DRK/min
2.4DRK/min / 60sec = 0.04DRK/sec
0.04DRK/sec * 15sec = 0.6DRK per Block

7DRK = 0.7DRK per Block
8DRK = 0.8DRK per Block

and so on........

Like I said, This is hypothetical - but I'm sure Evan has a better plan then this :-) because he said NO BLOAT...


Unless he's gonna have something like mini-blocks within the block it's self - who knows??? LOL MasterBlocks

I should stop - lol

Well he said no hardfork and changing the subsidy is the very definition of an action that requires a hardfork.  Now mini-blocks, hmmm... maybe it is something along those lines. 

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[stonehedge]

Does this mean I can retire and not go to work today or should I wait a few more weeks? 

[splawik21]

I am very, very concerned that American's will turn to Bitcoin and then eventually to Darkcoin to try and hide their worldwide income.

Uh yeah sure you are  

Sure they will. Give them time

Habib, now I'm logging in each day just to see what you've done with your sig  

This time I`ve copied best sig ever, created by coins101

EDIT: Just read the Evan IRC talk.... uhhhhh I still can`t take the breath... THIS IS DARKCOIN! AND WE HAVE THE BEST DEV EVER BORN IMO.

[stonehedge]

9/14   8:51 pm  <evan82>  I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14   8:52 pm  <evan82>  It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14   8:52 pm  <evan82>  Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14   8:52 pm  <evan82>  It also fixes the finney attack, which is another huge problem for bitcoin
9/14   8:56 pm  <eth2>      =) thats some good news
9/14   8:56 pm  <eth2>      lemme know when you need testers
9/14   8:57 pm  <evan82>  Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14   8:58 pm  <evan82>  It's simple, elegant, instant and will cost a ton of money to subvert. Perfect
9/14   8:59 pm  <eth2>      does that have any technical implication on how transactions are processed and blocks?
9/14   8:59 pm  <eth2>      from a pool standpoint
9/14   8:59 pm  <evan82>  nope.
9/14   8:59 pm  <evan82>  It's not even a hard fork
[...]
9/14   9:25 pm  <moli>       interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14   9:27 pm  <evan82>  It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14   9:27 pm  <evan82>  right*
9/14   9:28 pm  <evan82>  It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

OMG insanely awesome .......holy grail here we come

I guess Evan will concentrate on getting RC5 finally polished and delivered and then perhaps an announcement for plans for RC6 will come. 

[stealth923]

9/14   8:51 pm  <evan82>  I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14   8:52 pm  <evan82>  It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14   8:52 pm  <evan82>  Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14   8:52 pm  <evan82>  It also fixes the finney attack, which is another huge problem for bitcoin
9/14   8:56 pm  <eth2>      =) thats some good news
9/14   8:56 pm  <eth2>      lemme know when you need testers
9/14   8:57 pm  <evan82>  Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14   8:58 pm  <evan82>  It's simple, elegant, instant and will cost a ton of money to subvert. Perfect
9/14   8:59 pm  <eth2>      does that have any technical implication on how transactions are processed and blocks?
9/14   8:59 pm  <eth2>      from a pool standpoint
9/14   8:59 pm  <evan82>  nope.
9/14   8:59 pm  <evan82>  It's not even a hard fork
[...]
9/14   9:25 pm  <moli>       interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14   9:27 pm  <evan82>  It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14   9:27 pm  <evan82>  right*
9/14   9:28 pm  <evan82>  It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

OMG insanely awesome .......holy grail here we come

I guess Evan will concentrate on getting RC5 finally polished and delivered and then perhaps an announcement for plans for RC6 will come. 

I was so excited by RC5 open source, but now I cant wait for RC6

[alex-ru]

DARKCOIN: Private instant transactions
RIP Bitcoin, ...

Why RIP?

If this invention is easy to implement and don't require even hard fork - then every other coin just say "thank you" and will use it.
So it may be great for whole cryptoworld - but how it will help DarkCoin to compete?

I don't mean it isn't great - it is great for everybody! But how it can help RIP or at least beat other coins?

[KryptoFoo]

9/14   8:51 pm  <evan82>  I just solved one of the largest problems facing Bitcoin. Instant transactions. I know how to do it...
9/14   8:52 pm  <evan82>  It'll be compatible with Darksend too. So we'll have anonymous instant transactions.
9/14   8:52 pm  <evan82>  Oh and there will be no bloat, that is the problem with POS. I bet we can get a confirmation within 10-20 seconds in most cases.
9/14   8:52 pm  <evan82>  It also fixes the finney attack, which is another huge problem for bitcoin
9/14   8:56 pm  <eth2>      =) thats some good news
9/14   8:56 pm  <eth2>      lemme know when you need testers
9/14   8:57 pm  <evan82>  Yeah, I'm obviously pretty excited about it. I just had a eureka moment
9/14   8:58 pm  <evan82>  It's simple, elegant, instant and will cost a ton of money to subvert. Perfect
9/14   8:59 pm  <eth2>      does that have any technical implication on how transactions are processed and blocks?
9/14   8:59 pm  <eth2>      from a pool standpoint
9/14   8:59 pm  <evan82>  nope.
9/14   8:59 pm  <evan82>  It's not even a hard fork
[...]
9/14   9:25 pm  <moli>       interesting.. https://bitcoin.stackexchange.com/questions/4942/what-is-a-finney-attack
9/14   9:27 pm  <evan82>  It could possibly stop a finney attack. It's funny you post that, it's what I'm thinking about righ now
9/14   9:27 pm  <evan82>  right*
9/14   9:28 pm  <evan82>  It can definitely stop all other double spends, but finney attacks require the client to reject blocks.

OMG insanely awesome .......holy grail here we come

I guess Evan will concentrate on getting RC5 finally polished and delivered and then perhaps an announcement for plans for RC6 will come. 

I was so excited by RC5 open source, but now I cant wait for RC6

RC5  -> open source -> instant transactions -> new all time high

[Freckleg]

Is a video being worked on for Darkcoin already? I saw something on darkcointalk but not sure it will kick of. I am willing to pay a bounty for someone that can create a professional video explaining what darkcoin is, what its features are and why it is poised to rule the world

[KryptoFoo]

DARKCOIN: Private instant transactions
RIP Bitcoin, ...

Why RIP?

If this invention is easy to implement and don't require even hard fork - then every other coin just say "thank you" and will use it.
So it may be great for whole cryptoworld - but how it will help DarkCoin to compete?

I don't mean it isn't great - it is great for everybody! But how it can help RIP or at least beat other coins?

hopefully it involves masternodes... higher barrier to entry

[TaoOfSaatoshi]

DARKCOIN: Private instant transactions
RIP Bitcoin, ...

Why RIP?

If this invention is easy to implement and don't require even hard fork - then every other coin just say "thank you" and will use it.
So it may be great for whole cryptoworld - but how it will help DarkCoin to compete?

I don't mean it isn't great - it is great for everybody! But how it can help RIP or at least beat other coins?

If it's truly real and implemented, Evan can choose when to open source it....well after Darkcoin is the number one transacted currency: WE will then be the beneficiaries of the network effect.

Tao

[alex-ru]

Is a video being worked on for Darkcoin already? I saw something on darkcointalk but not sure it will kick of. I am willing to pay a bounty for someone that can create a professional video explaining what darkcoin is, what its features are and why it is poised to rule the world

Darkcoin develops so fast - every presentation and video will be out-of-date in a week after release.  

[stealth923]

DARKCOIN: Private instant transactions
RIP Bitcoin, ...

Why RIP?

If this invention is easy to implement and don't require even hard fork - then every other coin just say "thank you" and will use it.
So it may be great for whole cryptoworld - but how it will help DarkCoin to compete?

I don't mean it isn't great - it is great for everybody! But how it can help RIP or at least beat other coins?

Evan needs to open source darksend to ensure trust and validate there are no backdoors.

He could choose to keep the instant transaction source closed as this is a propriety feature of Darkcoin. This is all dependent that he could separate the code :/

But I would suspect from his words that this involves the use of Masternodes and have a high barrier of adoption for other copy shitcoins. "instant and will cost a ton of money to subvert"

[TaoOfSaatoshi]

Holy fuck guys,

We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions?  Why would you still be in Bitcoin?

I can hear the VCs lining up as we speak....

Tao

[Freckleg]

Holy fuck guys,

We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions?  Why would you still be in Bitcoin?

I can hear the VCs lining up as we speak....

Tao

Yep but now on to the marketing. Post on reddit, bring it to the media. RC5 and this latest promise put Darkcoin up for the number one spot but we need to market it!

[toknormal]

Just a question.

When DRK goes open source, what's to stop someone setting up a masternode service for the Bitcoin network so that anyone that wants to can "anonymise" their holdings in the background without the need to actually convert their holdings to another cryptocurrency ?

[stealth923]

Just a question.

When DRK goes open source, what's to stop someone setting up a masternode service for the Bitcoin network so that anyone that wants to can "anonymise" their holdings in the background without the need to actually convert their holdings to another cryptocurrency ?

Dont think it can happen - theres Dark Wallet which is a centralized mixing service and you risk losing your funds if they shut up shop when their steal quota is met.

If they were to setup a true masternode network for bitcoin just a few thoughts - may be way off but:
* How would the masternodes get paid? Theres no incentive to run one, they arent getting a reward from the mining, unless they take a percentage cut of the mixing which sounds like it can be exploited.
* How would they secure the masternodes to have cold wallets and have a financial incentive to own a masternode (1000coin etc) to circumvent bad actors
* They would need to create a decentralized method for users to send their funds and not lose them, multi sig etc

Overall I dont think it can happen without breaking the core value of decentralization as its not attached to the core mining/blockchain network.

[KryptoFoo]

Holy fuck guys,

We've got a genius dev, almost 1 million coins out of circulation in MasterNodes, anonymous transactions, AND now instant transactions?  Why would you still be in Bitcoin?

I can hear the VCs lining up as we speak....

Tao

In Evan we trust.

[coins101]

DARKCOIN: Private instant transactions
RIP Bitcoin, ...

Why RIP?

If this invention is easy to implement and don't require even hard fork - then every other coin just say "thank you" and will use it.
So it may be great for whole cryptoworld - but how it will help DarkCoin to compete?

I don't mean it isn't great - it is great for everybody! But how it can help RIP or at least beat other coins?

I suppose it depends if Bitcoin needs to hard fork to implement it (DRK has had some changes). If it doesn't, then it would potentially go into Bitcoin within 12-24 months.

I'm not sure how you solve the consensus issue and broadcasting lag times to enable sufficient number of miners to validate confirmed blocks and which is the longest chain.

This will be interesting to see.

[coins101]

http://www.reddit.com/r/Bitcoin/comments/2gcs24/psa_coinbase_declines_services_to_tor_users/

Going after average Joe & Jane will cause some problems for some in the Bitcoin world.  

All those investors that have been putting money into new Bitcoin start-up projects, well, they don't like getting visits from the Feds.

The more I think about this, the more I think that regulations are a gift to DRK.

Not because people can avoid regulations.

It means that exchanges, processors, etc can't rely on the block chain to check transaction histories of customers and they must rely on the customer to take responsibility for giving personal information

digression - information, which currently with Bitcoin can then be used to label all their past and future transactions.

God, can you imagine the IRS sends a letter to Coinbase to get details of a transaction, and then the IRS can go back into all your transactions and keep track of all your future transactions - they might as well buy shares in Coinbase and take over it, it would be cheaper for the taxpayer than having to pay for all the admin and legal processes to check thousands / millions of individual requests.

Anyway.....

So if exchanges and payment processes can't use the block chain then they don't have to do the tracking. They don't piss off the entire community while in their pursuit of growth and noobs.

[gadado]

So basically, you say in 5-7 days, the price could go up, could go down or nothing could happen! No shit Sherlock...

Triangle pattern ends with an outbreaks. That's an up or down but NOT a nothing will happen. Those patterns are not something I invented but are standard.

Graphic analysis is a crock of shit especially when applied to such an unpredictable market as cryptocurrencies.

That of course has a bit of truth.

I can resist form posting further such Graphics or predictions and keep them for myself. No problem.
Just thought it might be interesting for the one or the other too.

Please continue to post your analyses gadado, I certainly think they're of interest, even though TA is even less certain within crypto, markets still follow these rules of human investing behaviour to a degree.

It's unfortunate that someone offers something that may be of interest and may be of use and then just gets treated with disdain. It's a wonder anyone bothers with anything when the responses such as that above are just so often the norm.

I am sorry.

Accepted.  And thank you RenegadeMan!

I thought it over a bit and came to the conclusion that it will be not that interesting for the most in cryptocoins because it's really a bit a different market and community than a stockmarket and if everyone is posting his or her analysis the thread might get bloated with for many non interesting posts.

The ones interested are most likely very capable to do such an analysis by themself and dont need them posted.
So I will hold back with such and only post if I see something really interesting.