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

[oblox]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

How does the payouts work for new nodes coming online? They won't need to catch up to existing payouts, right?

[TaoOfSaatoshi]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

Thanks Evan,

Great timing and good work! With that, let's get on with what we all were doing. Until my next "spam" post!

Cheers.

[Ignition75]

The only thing I didn't like was his uncouth behaviour.  DRK will rise back to its recent "stable zone" in a day or two imho.

I was a staunch believer in Darkcoin - and most assuredly I still am a believer in its tech superiority - mostly because of Evan and the community that is really great.

Alas, I also prefer to see profit over the loss. So, once Bitcoin has fallen below $300.00 I decided to go 50% - 50% DRK vs. BTC (I purchased enough Darkcoins below 0.005 to make a sell with the profit) and am not very happy with my ongoing profit on Bitcoin.

I will stay in Darkcoin for principal reasons. But I will never make a mistake of getting too emotionally involved with the idea (I was 100% in Darkcoin) that might not survive. The sheeple are a bunch of idiots and they flock together. Bitcoin is an ideal tool for the Overlords (being, basically transparent) and I am positive it would end up being a mainstream currency, accepted, adopted and corrupted by the Financial Crime Cartel, this way or another.

When I initially analyzed Darkcoins monetary value I came up to this formula:

* 22.67% of the world's economy is shadow economy;                                    
* if Bitcoin is (controlled) and DRK not; if 100% of all legal transactions are made in BTC, 22.67% are still left for DRK    
                           
* on May 29, 2014, DRK = $10.96 vs. BTC = $614.38                                    
* on May 29, 2014 DRK / BTC 0.01811                                    
* on May 29, 2014 BTC MC is $7,885,362,984                                    
* on May 29, 2014 DRK MC is $47,580,747                                      
* DRK / BTC MC ratio is >>> 0.603405919   ( on May 29, 2014)                        
* if DRK goes to parity of 1 DRK = 1 BTC, DRK MC would be    2667567714                  
* 1 DRK = 1 BRC gives DRK MC of >>> 33.82923029   % of the BTC MC                     
                                    
* 22.67% shadow economy vs. 33.83% max MC ratio ~ some DRK = 0.80 BTC is kind of a max value for DRK            

So I still believe there's a possibility for Darkcoin to survive and thrive and if I am going to make money in the future, in crypto, on FOREX, working, inheriting (yeah, right) I will increase my DRK position, but for now on I will focus on having only 25% of my portfolio in Darkcoin.

I'd rather buy more at $15 ++ in the future than at $1.93 today. Why's that? Because at $15 it would've been confirmed that Darkcoin adoption may have a chance. Today it is too risky.

But, at 50% - 50% I already feel better

Good luck everyone. Just my 2 cents. Shrug them at will.   

An interesting read but I'm the first to hold my hand up and say "I have no idea!"

Nice post

33.33% Gold, 33.33% BTC & 33.34% DRK  

[Ignition75]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

Changing the business model is really ballsy and I love it... Going to be fascinating to see how the market responds to the change in revenue and what effect this has on Masternode numbers...

[_sciencerocket@]

Dear back seat drivers,

If you think you can do it better than whoever you are moaning about, why don't you get on with it? It's an open source project, everyone is free to contribute!

Sincerely,
Those of us who are actually doing stuff.  


/quote]

LOL @ THIS IDJIT

EVERYTHING AND YOUR FRIENDS HAVE DONE UP TO DATE HAVE DONE NOTHING.

NO THING.

Nothing is a pronoun denoting the absence of anything. Nothing is a pronoun associated with nothingness

 everyone is free to contribute!

Right,

free for all,

GET STOOPID FUCKERS BUY MY LOTTERY

[toknormal]

BTC / GUVPAPER 15-minute chart correction concluding.

Heading back up shortly.

[georgem]

Maybe Evan should let Gavin in on his superior spork technology.

https://bitcointalk.org/index.php?topic=816298.0

Those were my thoughts exactly the other day.

A Bitcoin hardfork is going to cause one mighty tremor in markets - no matter how smooth it goes.

EDIT: Actually, it looks like he's already thinking about it: https://bitcointalk.org/index.php?topic=813324.msg9131431#msg9131431

Highly interesting.
I was thinking about the spork earlier today... it there a tech paper that explains what a spork is and does on a technical level? Pros + cons?
I mean I believe I know what it general does and how it works, but am missing a tech paper about it. (can somebody point me to it if it exists?)

[oblox]

Crouton isn't the one running the lottery FYI... his point is that the project is now open source so talented individuals can contribute.

[stealth923]

Masternodes payments are moving to Proof of Service style distribution

https://darkcointalk.org/threads/v0-15-testing.2611/page-19#post-25033

Awaits the rush of new MN's

[Ignition75]

********** Amber Alert ***********

Smash & grab commencing on Bitstamp. 545 shot BTC panic buy just gone through in a single transaction. Pushed the price to $383 post the 4-hour chart correction completion about a couple of hours ago.

Looks like we may be revisiting $400 imminently. Short squeeze in full flow. This is the kind of thing that panics people because they're happily trading in fiat one minute - next thing they know they're kicked out of the market.

Addendum: BTCe trollbox reflecting that Bitstamp is now a porn site

Other news: China joining in the sentiment. Liquidity on Huobi getting munched the moment it appears.

What this means for us: Darkcoin is at a multi-month low. Well undervalued due to last few months of Bictcoin decline sucking capital out of cryptocurrencies. Major capital is now coming back in. Bitcoin has added nearly half a billion dollars to its market cap in 7 days. That's going to start finding its way into recapitalising the alts in turn with the top 10 benefiting most. If you want to wait for lower Darkcoin price, be my guest but it just became a higher risk strategy than yesterday.

Further addendum: Buying commencing on DRK markets. Bittrex recovering after its dip to 56. Volume coming up and 58 resistance now being eaten.

Whenever I see "********** Amber Alert ***********" I get excited 

[thelonecrouton]

Dear back seat drivers,

If you think you can do it better than whoever you are moaning about, why don't you get on with it? It's an open source project, everyone is free to contribute!

Sincerely,
Those of us who are actually doing stuff.  

LOL @ THIS IDJIT

EVERYTHING AND YOUR FRIENDS HAVE DONE UP TO DATE HAVE DONE NOTHING.

NO THING.

Nothing is a pronoun denoting the absence of anything. Nothing is a pronoun associated with nothingness

 everyone is free to contribute!

Right,

free for all,

GET STOOPID FUCKERS BUY MY LOTTERY

Cheerio then! Don't forget to offload your 100000DRK.  

[_sciencerocket@]

in the process as we speak.

So far not one of you have presented your incredible DRK laden wallets to confirm how committed you are.

I have.

Every step of the way.

[ quote author=thelonecrouton link=topic=421615.msg9180369#msg9180369 date=1413164097]

Dear back seat drivers,

If you think you can do it better than whoever you are moaning about, why don't you get on with it? It's an open source project, everyone is free to contribute!

Sincerely,
Those of us who are actually doing stuff. 

LOL @ THIS IDJIT

EVERYTHING AND YOUR FRIENDS HAVE DONE UP TO DATE HAVE DONE NOTHING.\
NO THING.

Nothing is a pronoun denoting the absence of anything. Nothing is a pronoun associated with nothingness

 everyone is free to contribute!

Right,

free for all,

GET STOOPID FUCKERS BUY MY LOTTERY

Cheerio then! Don't forget to offload your 100000DRK. 

[thelonecrouton]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

How does the payouts work for new nodes coming online? They won't need to catch up to existing payouts, right?

Also interested in how this is done!

Even if there isn't a minimum 'age' for MNs to start receiving payments, I think the system will be pretty hard to game - you can't launch a thousand MNs without a million DRK, after all.

[thelonecrouton]

in the process as we speak.

So far not one of you have presented your incredible DRK laden wallets to confirm how committed you are.


I have/

Every step of the way.

Don't trip over your knuckles on the way to Cryptsy!  

edit: not sure about "Onyx" - this release sounds more like "Hammerfall" to me.

[_sciencerocket@]

Show us your wallet.

Tough guy.

I did.

You sit there hand-wringing, dictating  what to do.

Bet you you don't even own  100 DRK.

in the process as we speak.

So far not one of you have presented your incredible DRK laden wallets to confirm how committed you are.


I have/

Every step of the way.

Don't trip over your knuckles on the way to Cryptsy! 

[eduffield]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

How does the payouts work for new nodes coming online? They won't need to catch up to existing payouts, right?

Also interested in how this is done!

Even if there isn't a minimum 'age' for MNs to start receiving payments, I think the system will be pretty hard to game - you can't launch a thousand MNs without a million DRK, after all.

It's a true proof-of-service setup now. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block. After a payment, they must wait N blocks to receive another one (give or take 10%). There's no room for gaming the system because it's using math based off of the proof-of-work to prove the node won, plus you'd have to wait 15 confirmations each time you moved money around and that takes from your profit too.

[eduffield]

edit: not sure about "Onyx" - this release sounds more like "Hammerfall" to me.

I'm not married to the name. We could just call it v15 

[g4q34g4qg47ww]

I think "The Onyx build" sounds pretty badass. Of all the shades of black we were considering "Midnight" sounded seriously badass, but maybe we should save that for later.  

[splawik21]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

Ahhh I've been waiting this moment since v15 testing started
Great!
Thnx Evan. I don't have to rebuild my multiMNs now because of bad luck recently

I'll take care of Pool Friendly Reminder

[naxin]

For anyone who's interested, a sneak peak at the next release of Darkcoin:

TLDR:

- Next release will go out in the next two days probably, I'm going with the community and calling it "The Onyx Release"
- It features mandatory, non-exploitable Masternode payments.
- Masternode payments are completely predictable now. I.e., if there's 2000 masternodes you can expect 1 payment every 4 days (divide the amount of nodes by the blocks per day to get your ROI).
- Masternode payments will go to 25% one week from release (non-manditory)
- Afterwards I encourage the community to find the pools still paying 20% and contact them to make sure they update their stratum before it's too late
- Masternode payments beyond that will increase to 30% in November, 35% in December and continue on until we get at least 3000 masternodes.
- Huge security updates to Darksend. It's much more robust and can take a beating.

How does the payouts work for new nodes coming online? They won't need to catch up to existing payouts, right?

Also interested in how this is done!

Even if there isn't a minimum 'age' for MNs to start receiving payments, I think the system will be pretty hard to game - you can't launch a thousand MNs without a million DRK, after all.

It's a true proof-of-service setup now. Each new node has a 1 in N (total number of masternodes) chance of receiving a payment each block. After a payment, they must wait N blocks to receive another one (give or take 10%). There's no room for gaming the system because it's using math based off of the proof-of-work to prove the node won, plus you'd have to wait 15 confirmations each time you moved money around and that takes from your profit too.

What do you mean there is no room for gaming the system?

Scenario: 3000 masternodes exist, I have 1. After 500 blocks, I get my payment. At this point I wouldn't be eligible for another payment for 2500 blocks. However, I could send the coins to a new address and restart the masternode, and once its confirmed I'm eligible again immediately, this time it takes say 2000 blocks, but after I do the same, new node. And finally a third time I get my payment after 1000 blocks.

Summary: 3500 blocks have been found. I have gotten 3 payments. Ideally, I should have only gotten 1 payment in this time - 3 would require 9000 blocks.

What am I missing?