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

[thelonecrouton]

Is there any chance for reducing masternodes requirements on 500 coins?
Also can somebody tell me how many coins per month (average) can be made with 1 masternode?

Thx

1. It would make no sense from either an economic or security perspective.

2. About 0.6/day, averaged over time, so about 18DRK/month ~ 22% annual ROI.

The calculation is ((number of daily blocks/number of masternodes) * (block reward/5)) - so ((576/900) * (5/5)) = 0.64. Since block reward is pretty much going to be 5 for the forseeable, just (576/number of MN's) will give you the rough number.

[IYFTech]

F*CK YOU DARK im going somewhere else

Good. Bye 

[thelonecrouton]

I enjoy his misery and confusion.

then explain it to me
are you denying the fact that every major price move in dark is made by a whale/ bot ?
its all a fucking teleshopping show : "hey buy my instant transaction and open source" -> dumped on enthusiasts

The crypto scene is 98% ADD cretins, 1% botlords, and us.    (Percentages by population, not resources.)

Who cares what the current price is? We are building something wonderful, the rewards will come in time. History will remember us because we're going to be the ones left standing to write it. And if not, we're going out in a big fucking pile of empty brass. 

[crackfoo]

The latest shift for the Darkcoin Multipool paid out over 100 DRK.

Cheers!

[wscss]

1. I think DRK needs to go after the online porn industry. Right now from what I recall only a handful of sites accept bitcoin payment the majority or the very large ones are reluctant to solely due to how long it takes to confirm a bitcoin transaction. From what I last read sites that did start accepting bitcoin found their revenue increase up to nearly 100 fold. The very large sites are using embarrassingly transparent methods of payment, CC, telephone, wire transfer etc. DRK marketing needs to contact the main players and demonstrate to them how there is no risk to them with immediate confirmation and how it can increase their customers who are wary of even EPOCH or whatever showing up on their CC bill.

2. Which leads me to this: DRK needs to focus on marketing the instant transaction aspect of the coin to mass media. It is all well and good discussing the technicalities of the coin with technical blogs and crypto news sites. The masses are not interested in that, it goes over their heads and is meaningless.  You need to set about demonstrating a) how fast the transactions are and b) how anonymous it is and what it means; all in layman terms. To both the masses and online merchants. Technical mumbo jumb is just that.

[thelonecrouton]

1. I think DRK needs to go after the online porn industry. Right now from what I recall only a handful of sites accept bitcoin payment the majority or the very large ones are reluctant to solely due to how long it takes to confirm a bitcoin transaction. From what I last read sites that did start accepting bitcoin found their revenue increase up to nearly 100 fold. The very large sites are using embarrassingly transparent methods of payment, CC, telephone, wire transfer etc. DRK marketing needs to contact the main players and demonstrate to them how there is no risk to them with immediate confirmation and how it can increase their customers who are wary of even EPOCH or whatever showing up on their CC bill.

2. Which leads me to this: DRK needs to focus on marketing the instant transaction aspect of the coin to mass media. It is all well and good discussing the technicalities of the coin with technical blogs and crypto news sites. The masses are not interested in that, it goes over their heads and is meaningless.  You need to set about demonstrating a) how fast the transactions are and b) how anonymous it is and what it means; all in layman terms. To both the masses and online merchants. Technical mumbo jumb is just that.

I particularly agree with #2. Future marketing efforts should focus on mainstream targets, time and money spent on crptognats is completely wasted.

[IYFTech]

Anyone know if there's a windoze installer for the new wallet in the pipeline - or is it only the binary?

Ta 

https://www.darkcoin.io/downloads/

The 0.9.13.15 version seems to have also the installer. I'd imagine the 0.10.13.x will get one too eventually.

Yeah, it's the 0.10.13.x installer I was referring to, thanks.

[thelonecrouton]

The latest shift for the Darkcoin Multipool paid out over 100 DRK.

Cheers!

Pointed a few rented S3 Antminers your way. They are costing me £12.44 each a week, if they make more than £12.44 worth of DRK I'll be pointing more.  Or buying some ASICs of my own. 

[TanteStefana2]

I have no problem with buying DRK on an exchange.
I have a problem when buying DRK on an exchange is the only option I were given COUPLED with the horror scenario that only Masternode owners were creating coins.

I agree with this.  There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  Personally, I'd like to see a way to keep a ceiling on ability to garner hash power, such as changing the algo once it becomes clear x11 asics are on their way, and to just keep changing it.  But I have no idea what is involved, certainly another hard fork, so maybe that's not possible.

Yah, mining and masternodes are hurdles to investing into DRK.  In the end though, that's an investor thing and not a user thing.  There are other ways of gaining DRK.  You can also sell things and accept DRK as payment.  Though, at this time, that's not easy.  Nobody wants to spend their DRK yet.  Adoption is everything.

Until DRK becomes widely used and liquid, it'll be so.  BTW, I also think that having a dual system can possibly protect against things like 51% attack with some sort of checking system, but again, that would require a hard fork again....

[g4q34g4qg47ww]

There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  

Hey Tante,
The idea being proposed isn't to only allow MN operators to mine, but to do away with mining completely. The MN network would handle block generation and distribute payments in the same manner as the current 20% they receive off blocks. So no asics at all.

[Lauda]

Exactly what is the issue of MN's doing the mining?
This is weird people. What's the difference in buying an ASIC or MN to do the mining?
The ASIC would become useless later though, MN would not.

[smoothdoger]

There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  

Hey Tante,
The idea being proposed isn't to only allow MN operators to mine, but to do away with mining completely. The MN network would handle block generation and distribute payments in the same manner as the current 20% they receive off blocks. So no asics at all.

wow, so the entire future of DRK lies in the hands of a few completely centralized masternode owners?

[georgem]

I have no problem with buying DRK on an exchange.
I have a problem when buying DRK on an exchange is the only option I were given COUPLED with the horror scenario that only Masternode owners were creating coins.

I agree with this.  There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  Personally, I'd like to see a way to keep a ceiling on ability to garner hash power, such as changing the algo once it becomes clear x11 asics are on their way, and to just keep changing it.  But I have no idea what is involved, certainly another hard fork, so maybe that's not possible.

Yah, mining and masternodes are hurdles to investing into DRK.  In the end though, that's an investor thing and not a user thing.  There are other ways of gaining DRK.  You can also sell things and accept DRK as payment.  Though, at this time, that's not easy.  Nobody wants to spend their DRK yet.  Adoption is everything.

Until DRK becomes widely used and liquid, it'll be so.  BTW, I also think that having a dual system can possibly protect against things like 51% attack with some sort of checking system, but again, that would require a hard fork again....

But ASICS when massproduced become very cheap, much cheaper then CPU or GPU, all the cheap USB ASIC miners are proof of that (and they run with 5 Volts). I am looking forward to that!
That is just the natural progression of any innovation, we should embrace this, not be afraid of it!

[TanteStefana2]

There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  

Hey Tante,
The idea being proposed isn't to only allow MN operators to mine, but to do away with mining completely. The MN network would handle block generation and distribute payments in the same manner as the current 20% they receive off blocks. So no asics at all.

I'd have to study how that would work, but off hand, I don't like the idea.  I don't want to entrust the block chain to a few.  And who is to know if one entity has control over 50%+ of the network?  For DarkSend, that's not that big of a deal because a few rounds and you've minimized the chance that information could be gleaned by big masternode operators, but the block chain control?  That's just frightening.  I'd rather see masternodes used as a check system against any mining entity having more than 50% of the network. 

But I haven't read the proposition.  I understand that mining is kind of a waste of energy.... but is it?

[georgem]

There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  

Hey Tante,
The idea being proposed isn't to only allow MN operators to mine, but to do away with mining completely. The MN network would handle block generation and distribute payments in the same manner as the current 20% they receive off blocks. So no asics at all.

wow, so the entire future of DRK lies in the hands of a few completely centralized masternode owners?

Yep, you got that right.
A wet dream for some misguided masternode holders,
a nightmare for everybody else.

[g4q34g4qg47ww]

There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  

Hey Tante,
The idea being proposed isn't to only allow MN operators to mine, but to do away with mining completely. The MN network would handle block generation and distribute payments in the same manner as the current 20% they receive off blocks. So no asics at all.

wow, so the entire future of DRK lies in the hands of a few completely centralized masternode owners?

The stability of the Darkcoin network would be in the hands of Evan's coding. Consider how difficult it currently is to subvert Darksend using a single MN. Now imagine where he could run to were he to set his mind to coding decentralized block generation using MN network.

[TanteStefana2]

Can't we discuss ideas without having people immediately thinking that one of these ideas is going to happen?  It only happens if it's a good idea.  We're just discussing whether or not such a thing might be a good idea.  Obviously, there would be a lot of issues to work out.

And by the way, 900 masternodes is hardly centralized.

[g4q34g4qg47ww]

a nightmare for everybody else.

How?

The purpose of the coin is to be used as a currency. Explain your nightmare situation or how this proposal interferes with the purpose of this coin.

[g4q34g4qg47ww]

Can't we discuss ideas without having people immediately thinking that one of these ideas is going to happen?  It only happens if it's a good idea.  We're just discussing whether or not such a thing might be a good idea.  Obviously, there would be a lot of issues to work out.

And by the way, 900 masternodes is hardly centralized.

Currently, almost all blocks are found by about 15 actors. This would have a perfectly distributed block generation among 900-3000 actors. Explain decentralization. Gotta hop off for a bit but will check back. Thanks for entertaining weird ideas.

[thelonecrouton]

I have no problem with buying DRK on an exchange.
I have a problem when buying DRK on an exchange is the only option I were given COUPLED with the horror scenario that only Masternode owners were creating coins.

I agree with this.  There is a problem when asics come along and suddenly only an elite group has the chance to mine though.  Personally, I'd like to see a way to keep a ceiling on ability to garner hash power, such as changing the algo once it becomes clear x11 asics are on their way, and to just keep changing it.  But I have no idea what is involved, certainly another hard fork, so maybe that's not possible.

Yah, mining and masternodes are hurdles to investing into DRK.  In the end though, that's an investor thing and not a user thing.  There are other ways of gaining DRK.  You can also sell things and accept DRK as payment.  Though, at this time, that's not easy.  Nobody wants to spend their DRK yet.  Adoption is everything.

Until DRK becomes widely used and liquid, it'll be so.  BTW, I also think that having a dual system can possibly protect against things like 51% attack with some sort of checking system, but again, that would require a hard fork again....

But ASICS when massproduced become very cheap, much cheaper then CPU or GPU, all the cheap USB ASIC miners are proof of that (and they run with 5 Volts). I am looking forward to that!
That is just the natural progression of any innovation, we should embrace this, not be afraid of it!

Doesn't matter what the unit cost is, rich people will just buy more of them. At bulk discoint.