[DARKCOIN][DRK][DIRECT] MASTERNODE COOPERATIVE, .5 drk to run a masternode

[queptiv]

Masternode Cooperative
 
Introduction: Masternodes help identity protection in the darkcoin network. Masternodes earn 10% of the block reward for their participation in the network. Masternodes cost 1000 drk to run. We will run masternodes efficiently perpetually and distribute drk earnings to shareholders.

IPO 200,000 shares @ .5 DRK each

Xfa4ow1bJnRYeiG3y1PfPNL5eho5pdzYWB
(DO NOT SEND WITH DARKSEND, and any amount over 100,000 drk sent to this address will automatically be returned)

20% of earnings go to reinvestment fund

http://i61.tinypic.com/xopbnb.jpg

This corporation will create masternodes with every 1000 drk it receives. Initially 100 nodes will be made. Masternodes are instances of a program that helps secure the darkcoin network by assisting miners in transaction processing.

All shareholder capital will be used to create masternodes. Every 1000th drk will be used to launch a new masternode and it will issue weekly dividends to shareholder addresses. These are direct shares.

Masternodes in DRK earn 10% of the block reward, this may become a variable in the near future, where 10% is the lowest amount the masternode pool will earn.

Masternodes can be expensive for an individual to create, yet have a high ROI, since many blocks are created daily. The securitization of the masternode system allows for less capital to be used while gaining the return and liquidity, also less risk, knowledge and overhead necessary for running server instances.

The operator is an algorithm, but overseen by a security expert with over 10 years in IT and network security, who has scripted this algorithm and server instances with the proprietary security tweaks to ensure anonymity and reliability to address a variety of concerns with masternodes and securing them.

Primarily, Masternodes are selected randomly from the set of all masternodes. This corporation’s masternodes change their addresses at the end of their selection round.

Secondly, the DRK will not be stored on server instances, and they will point to an addresses in an encrypted wallet.

Shares are issued in DRK. This allows for exposure to the masternode payouts and future payout potential.

Share listing and liquidity:
Direct shares will be converted to colored assets when the infrastructure becomes available in DRK. There are currently no exchanges offering shares in DRK, nor any we have approved of.
Dividends will be issued proportionally to all sending addresses. Do not send fractional amounts for shares. Shares are .5 drk each.

This is managed by a script that is watching that address and controls the private keys.

To attract investment, recommendations for the share issuance (outside of this raw address sending method) are welcome. There are no known securities exchanges for darkcoin, and the infrastructure for securities exchanges are minimal

Expansion Plan:
1) This corporation can exist in perpetuity whereas individuals hosting masternodes are already priced out and existing individuals hosting masternodes will eventually earn too little and need to shut down their masternode. This corporation will continue to create masternodes, and at future prices of a masternode as an asset, a different cooperative may be formed which will tolerate smaller earnings depending on how it is structured. This ensures the attractiveness of darkcoin and perpetual masternode payouts.

2) The masternode concept will likely be replicated in other cryptocurrencies and profitable ventures. This corporation will be well positioned and have the infrastructure to gain early from those masternodes too. The feedback loop that masternodes have created for their base currency will be very attractive to other blockchains.

[queptiv]

Shareholder list
will go here

[queptiv]

reserved

[addisdev]

Sounds interesting, will try it out.

[damiano]

This sounds like a great new scam. 

Who are you?  What sorta of credibility do you have?  Your OP has little information.

Your also in the bitcoin securities section, why not post this in the dark forum?


I only have 800 dark, but I would rather buy the last 200 to run the node myself rather than fund your IPO

[queptiv]

This sounds like a great new scam.  

Who are you?  What sorta of credibility do you have?  Your OP has little information.

Your also in the bitcoin securities section, why not post this in the dark forum?


I only have 800 dark, but I would rather buy the last 200 to run the node myself rather than fund your IPO

I am the manager of this security, and work with an IT specialist who has over 10 years professional experience in Network Security, we act as redundancies to each other so that nothing interrupts the script or the cooperative's ability to pay earnings to investors . I wasn't going to mention this but it has come up several times: there are prohibitions in issuing securities to poor people so the privacy is to retain the ability for this security to flourish without interference from regulators. The compounding aspect of the number of masternodes which can be created from reinvestment is very attractive.

This is posted on darkcointalk as well.

Litecoin Global, the premier litecoin stock exchange and it's equity was listed in the bitcoin securities section. It would not be abnormal for a darkcoin denominated investment to be listed here

[Propulsion]

This sounds like a great new scam.  

Who are you?  What sorta of credibility do you have?  Your OP has little information.

Your also in the bitcoin securities section, why not post this in the dark forum?


I only have 800 dark, but I would rather buy the last 200 to run the node myself rather than fund your IPO

I am the manager of this security, and work with an IT specialist who has over 10 years professional experience in Network Security, we act as redundancies to each other so that nothing interrupts the script or the cooperative's ability to pay earnings to investors . I wasn't going to mention this but it has come up several times: there are prohibitions in issuing securities to poor people so the privacy is to retain the ability for this security to flourish without interference from regulators. The compounding aspect of the number of masternodes which can be created from reinvestment is very attractive.

This is posted on darkcointalk as well.

Litecoin Global, the premier litecoin stock exchange and it's equity was listed in the bitcoin securities section. It would not be abnormal for a darkcoin denominated investment to be listed here

Here's a couple things that raise red flags.

1.) I've never seen you post in the bitcointalk darkcoin thread.

2.) This is a self moderated topic

3.) This is a newbie account.

Not interested in this at all. BTW, you shouldn't delete this post.

[queptiv]

This sounds like a great new scam.  

Who are you?  What sorta of credibility do you have?  Your OP has little information.

Your also in the bitcoin securities section, why not post this in the dark forum?


I only have 800 dark, but I would rather buy the last 200 to run the node myself rather than fund your IPO

I am the manager of this security, and work with an IT specialist who has over 10 years professional experience in Network Security, we act as redundancies to each other so that nothing interrupts the script or the cooperative's ability to pay earnings to investors . I wasn't going to mention this but it has come up several times: there are prohibitions in issuing securities to poor people so the privacy is to retain the ability for this security to flourish without interference from regulators. The compounding aspect of the number of masternodes which can be created from reinvestment is very attractive.

This is posted on darkcointalk as well.

Litecoin Global, the premier litecoin stock exchange and it's equity was listed in the bitcoin securities section. It would not be abnormal for a darkcoin denominated investment to be listed here

Here's a couple things that raise red flags.

1.) I've never seen you post in the bitcointalk darkcoin thread.

2.) This is a self moderated topic

3.) This is a newbie account.

Not interested in this at all. BTW, you shouldn't delete this post.

1. thats because I post on irc and reddit

2. that isn't abnormal, I could post this same topic on two different subforums on this site, and the thread would go in two different ways. self moderated keeps things on track, not to delete criticism, unless its offtopic

3. thats because I post on irc and reddit, its a two year old account that wasn't whitelisted back in the day. I randomize aliases for IRC. There is a privacy concern, related to issuing securities, so if that hinders ability to raise capital, then congratulations the regulators win.

[queptiv]

updating shareholder list

[theskillzdatklls]

I would love to do something like this, even one where the manager gets a 10% commission, but not with you, ever.  If a dooglus type does this, I'm totally in.

[queptiv]

I would love to do something like this, even one where the manager gets a 10% commission, but not with you, ever.  If a dooglus type does this, I'm totally in.

thanks, dooglus of just-dice?


We were also thinking of doing one where we ran a couple masternodes and floated only a percentage of shares that people could trade to get similar exposure, but that doesn't have the same expontential growth potential, could be more lucrative for us the operators but also requires more startup capital

[queptiv]

This sounds like a great new scam. 

see a copy of the conversation and make your own conclusions

[23:36] <freshwhale> drk can gtfo
[23:36] <freshwhale> best scam I've ever seen
[23:36] <freshwhale> instamine to fuck + masternodes paying fees back to them.
[23:37] <freshwhale> they get constant money for doing nothing
[23:37] <MotoMen> hmmmm
[23:37] <MotoMen> i dont figured out how darksend work yet
[23:37] <MotoMen> is dedicated nodes needed to distribute the transactions ?
[23:37] <freshwhale> masternodes are coin mixers
[23:38] <MotoMen> hmmm, that make sense
[23:38] <freshwhale> transactions go through random masternodes, which mix coins
[23:38] <freshwhale> if you're masternode is used. you get mining fees.
[23:38] <MotoMen> so, we can make an masternode and live throo the fees of anonnymus ?
[23:38] <freshwhale> for the service.
[23:38] <freshwhale> yes
[23:38] <MotoMen> its like mining
[23:38] <MotoMen> that makes sense
[23:38] <freshwhale> which is what DRK have done. 65% in top 100 wallets... so yeah... they have 65% of masternodes.
[23:38] <freshwhale> so they'll more than likely get most of the fees back to them.
[23:38] <freshwhale> clever. money money money
[23:39] <MotoMen> but you can run one maternode yourself, no ?
[23:39] <freshwhale> yes, but it's a lottery
[23:39] <freshwhale> you only get fees if your masternode is USED
[23:39] <freshwhale> with them controlling 65%, it's unlikely your 1k coin masternode will get used.
[23:39] <MotoMen> yes, just like mining
[23:40] <MotoMen> if the coin became popular they will not be 65% at control for sure
[23:40] <freshwhale> its popular now
[23:40] <MotoMen> if the coin is opensource i dont see theproblem at all
[23:40] <freshwhale> drksend isn't opensource
[23:40] <MotoMen> just dont like the x11 thing...
[23:41] <MotoMen> i know, but they sould release the code i think
[23:41] <freshwhale> Top 100 Richest Addresses 2,569,351 DRK ($15,368,243 USD) 59.87% Total
[23:41] <MotoMen> i ear other day that they are just completing the code
[23:41] <666whale> MotoMen - whats the problem with x11 in your oppinion?
[23:41] <MotoMen> dont want to release an incomplete version
[23:41] <freshwhale> Market Cap - $25,669,200 USD
[23:41] <freshwhale> They have 15m$ of the coins
[23:41] <MotoMen> 666whale in the future
[23:42] <Winwhale> i smell a lota fuckin haterade in this room
[23:42] <MotoMen> Winwhale just expressing opinion
[23:43] <MotoMen> i think darkcoin is a great coin, just dont like the x11 thing
[23:43] <MotoMen>
[23:43] <toppop> Winwhale: criticism and debate isn't hate
[23:43] <Winwhale>
[23:43] <MotoMen> groupthink ?
[23:43] <Winwhale> 666whale: after 1 week I'll get my first ASIC X11
[23:43] <MotoMen> What do you mean it's impossible??!!!?
[23:44] <Winwhale> my friend from China has many friends there ... they mining X11 with ASIC X11 from
[23:44] <MotoMen> What are you talking my friend?!?
[23:45] <MotoMen> if so these people have raised the price to sell at a higher price???
[23:45] <Winwhale> Exactly,  best scam I've ever seen
[23:45] <Winwhale>  see the DRK diff - from 1000 to 2500 for 10 min
[23:45] <MotoMen> interesting ....
[23:45] <Winwhale> I need to get some sleep ....  tomorrow at the same time
[23:45] <MotoMen> +1 See you tomorrow
[23:46] < freshwhale > MotoMen: Greetings to everyone at home   See you tomorrow

I don't know who this conversation is between, anyway this cooperative would obviously dilute the 65% holder's masternodes

[theskillzdatklls]

I would love to do something like this, even one where the manager gets a 10% commission, but not with you, ever.  If a dooglus type does this, I'm totally in.

thanks, dooglus of just-dice?


We were also thinking of doing one where we ran a couple masternodes and floated only a percentage of shares that people could trade to get similar exposure, but that doesn't have the same expontential growth potential, could be more lucrative for us the operators but also requires more startup capital

Him or anyone responsible enough to handle a lot of other people's money.

I would easily contribute 2k dark (or more) to something like this at whatever fee is deemed fair but again, the correct name would have to stand behind the product.  You don't have a name and even if you have all the right intentions, it would take you months/years at best to develop a reputation.