[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2841.

thelonecrouton

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Activity: 966

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Quote from: Sub-Ether on March 06, 2015, 02:13:41 PM

Gavin Andresen tweet,
http://junseth.com/post/112626834687/stop-talking-about-confirmation-speeds-start
Dark Coin was built, originally, to solve the anonymity problem. Now they introduced what they think is a fix to confirmation times. And yet, it has a fraction of the hashing power being pumped into it.

All of bitcoins hashing is from 1 pool so how is petahashs any better than gigahashes of mining in keeping the network stable, and also the decentralized masternode system should keep the network doublely stable as an extra network layer, or am I missing something?

That 'tweet' (ugh, I feel my IQ slipping 50 points just typing that word) was hilarious. The idiot was actually boasting about how many terawatts of wasted energy goes into confirming BTC's 'quasi-optimal' Roll Eyes

- I assume he means, 'glacially fucking slow' - transactions as BTC miners all thrash away on the same few pools. Not that Darkcoin is any better in that respect, but hey, Darkcoin's mempool IX's courtesy of Masternodes are already far more secure than BTC's centralised ASIC PoW will ever be.

All that's needed for Darkcoin to be taken seriously security-wise is moving to pure Proof of Service. Tongue

Imagine blockchain security being wholly the preserve of a random 20 blinded Masternodes each block... as secure from meddling as Darksend is going to be secure from transaction snooping.

kadrek

sr. member

Activity: 327

Merit: 250

Thanks for the info guys

ErrorId

full member

Activity: 133

Merit: 100

Quote from: kadrek on March 06, 2015, 04:53:56 PM

When you're setting up a masternode do you ever import your masternode private key into your vps? Is anything stored on your vps that if someone found it they could steal your coins? Also, if someone was able to see your terminal window when you were setting up a MN would there be anything they could do to steal your coins? I looked at Tao's guide and it doesn't seem like it to me, but I just want to be sure.

If you're using tao's guide you have nothing to worry about on the vps side. Even if someone was able to see your input it doesn't reveal anything that can be used to get at your coins.

tombtc

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Activity: 471

Merit: 250

Quote from: kadrek on March 06, 2015, 04:53:56 PM

When you're setting up a masternode do you ever import your masternode private key into your vps? Is anything stored on your vps that if someone found it they could steal your coins? Also, if someone was able to see your terminal window when you were setting up a MN would there be anything they could do to steal your coins? I looked at Tao's guide and it doesn't seem like it to me, but I just want to be sure.

You never export your private key to a VPS.

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: kadrek on March 06, 2015, 04:53:56 PM

When you're setting up a masternode do you ever import your masternode private key into your vps? Is anything stored on your vps that if someone found it they could steal your coins? Also, if someone was able to see your terminal window when you were setting up a MN would there be anything they could do to steal your coins? I looked at Tao's guide and it doesn't seem like it to me, but I just want to be sure.

No, you never import your private key containing the 1000 drk onto the vps. In doing so, you're running a hotnode. You can safely manage a hotnode, but you better make sure your passphrase is solid and security is appropriate to prevent unwanted users from gaining access to your wallet file on breach. You could use bash variables for importing keys if you so desired to go that route and also were cognoscente on clearing bash history to further be on the safe side.

Personally, I'll stick with the cold-remote setup.

kadrek

sr. member

Activity: 327

Merit: 250

When you're setting up a masternode do you ever import your masternode private key into your vps? Is anything stored on your vps that if someone found it they could steal your coins? Also, if someone was able to see your terminal window when you were setting up a MN would there be anything they could do to steal your coins? I looked at Tao's guide and it doesn't seem like it to me, but I just want to be sure.

stonehedge

legendary

Activity: 1722

Merit: 1002

Decentralize Everything

Quote from: pookielax31 on March 06, 2015, 04:33:59 PM

Fucking Idiots dumping Grin

...... thanks for the second masternode im feeling just like this right now....

I can't see any significant dumping. Weird.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: splawik21 on March 06, 2015, 04:19:12 PM

Otoh e-wally again rebuilt to 20k Grin

Otoh's walking and growing wall of wonder

http://dc-charts.com/depth_drk.php?ex=9&cu=0&sw=2&tz=5&ar=0&dl=2&js=1&sc=0&ba=2&re=1

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: gross on March 06, 2015, 04:25:09 PM

DRK drops again Huh

no buy wall

20k at .012222? *shrug*

pookielax31

sr. member

Activity: 462

Merit: 500

Fucking Idiots dumping Grin

...... thanks for the second masternode im feeling just like this right now....

Sub-Ether

sr. member

Activity: 434

Merit: 250

Quantum entangled and jump drive assisted messages

Quote from: oblox on March 06, 2015, 04:10:27 PM

Quote from: TaoOfSaatoshi on March 06, 2015, 03:31:51 PM

Quote from: Sub-Ether on March 06, 2015, 02:13:41 PM

Gavin Andresen tweet,
http://junseth.com/post/112626834687/stop-talking-about-confirmation-speeds-start
Dark Coin was built, originally, to solve the anonymity problem. Now they introduced what they think is a fix to confirmation times. And yet, it has a fraction of the hashing power being pumped into it.

All of bitcoins hashing is from 1 pool so how is petahashs any better than gigahashes of mining in keeping the network stable, and also the decentralized masternode system should keep the network doublely stable as an extra network layer, or am I missing something?

We seem, through our success, to have reached the "Then they fight you" stage:

https://twitter.com/TaoOfSatoshi/status/573937339778596864?s=09

Love it. Great stuff!

Great, Gavin is comparing Bitcoin that has established itself for 6 years to Darkcoin that is just over a year old and doesn't have ASICs. Fantastic argument. Bravo.

It was a retweet, not Gavin Andresens actual words, I didn't mean to confuse, it links to an article by someone else. Anyway all is still not good, I benched marked the new btc wallet, and yes it did 3 days update in 5 minutes on a solid state drive 4.4 gigahertz 8 thread xeon which was impressive but timings on old dual core 1.8 gigahertz with HDD was very very slow, the CPU is at 100% all the time, even verifying the blocks only took 13 minutes!. The block size is too big for HDD drive speeds I think. Try it yourself and compare. Gavin Andresen may have a super fast raided SSD computer with 1 gig connection but the other ?half of the world is still on old HDD computers with slow connections, plus many HDD laptops that are difficult to upgrade.
I am still bench marking ...

ErrorId

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Activity: 133

Merit: 100

Quote from: gross on March 06, 2015, 04:25:09 PM

DRK drops again Huh

no buy wall

Panic! Oh wait... Roll Eyes

gross

full member

Activity: 236

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DRK drops again Huh

no buy wall

ErrorId

full member

Activity: 133

Merit: 100

Quote from: oblox on March 06, 2015, 04:10:27 PM

Great, Gavin is comparing Bitcoin that has established itself for 6 years to Darkcoin that is just over a year old and doesn't have ASICs. Fantastic argument. Bravo.

+1

Was just thinking exactly the same thing. To add to this, payment processors are not going to process transactions out of the goodness of their hearts. Anyone know what VISA and MS charge for processing? Isn't it somewhere around 6% or 7%? That's a huge amount of money to a small business. Having the instant confirmation built in is a big deal for the little guy.

Jesse Livermore

sr. member

Activity: 462

Merit: 250

Quote from: oblox on March 06, 2015, 04:10:27 PM

Quote from: TaoOfSaatoshi on March 06, 2015, 03:31:51 PM

Quote from: Sub-Ether on March 06, 2015, 02:13:41 PM

Gavin Andresen tweet,
http://junseth.com/post/112626834687/stop-talking-about-confirmation-speeds-start
Dark Coin was built, originally, to solve the anonymity problem. Now they introduced what they think is a fix to confirmation times. And yet, it has a fraction of the hashing power being pumped into it.

All of bitcoins hashing is from 1 pool so how is petahashs any better than gigahashes of mining in keeping the network stable, and also the decentralized masternode system should keep the network doublely stable as an extra network layer, or am I missing something?

We seem, through our success, to have reached the "Then they fight you" stage:

https://twitter.com/TaoOfSatoshi/status/573937339778596864?s=09

Love it. Great stuff!

Great, Gavin is comparing Bitcoin that has established itself for 6 years to Darkcoin that is just over a year old and doesn't have ASICs. Fantastic argument. Bravo.

Gentleman, one of the creators of Bitcoin has just tripped up and shined his very bright PR light in Darkcoin's direction.
@eduffield: you must respond!

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Otoh e-wally again rebuilt to 20k Grin

megges

sr. member

Activity: 371

Merit: 250

Quote from: Minotaur26 on March 06, 2015, 04:07:37 PM

Quote from: tombtc on March 06, 2015, 03:40:19 PM

Quote from: SpreadLight on March 06, 2015, 03:29:06 PM

Quote from: illodin on March 06, 2015, 03:26:21 PM

Quote from: SpreadLight on March 06, 2015, 03:24:33 PM

1.5 hours (should be before 5pm EST time) left till US Marshals announces the winning bidder on 50k bitcoin Auction

Get ready for roller coaster ride across all crypto markets.

So basically if the winning bid was $350 we'll see panic buying and if it was $200 we'll see hudge dumpage? Cheesy

Hard to tell because they usually do not announce the price of the winning bid. Even the winner last time refused to say how much he paid for 1 btc. But last time we saw a price increase till the auction day and then gradual decline. I have no clue how market will behave this time.

If the winner paid more than $300 then why wouldn't he say it publicly? It can only raise the value of the coins he jut bought.

I think it makes no sense to pay more than the market price for a bulk purchase. If anything they should pay a little bit below market. I guess it will come down to who won the bid, as people would speculate about the person's intention, whether is a known supporter, a completely new player, etc.

i say they pay over market, for a single fact:
- these coins are sold by the gov -
that means the buyer has not to deal with an unsecure counterparty
he can prove where he gets the coins and what he paid for:
- which is very important for big players because if bitcoin goes down they can substract the lose from theire taxes
- and they can prove that there coins are legit in all points no fear to get accused of moneylaundering or something like that

and second i guess the buyers are no shortterm investors its more longterms like tim draper who bought the first stack to provide liquidity to his own products (and upcoming products)

So my conclution is they don't care to pay over market, because the buy conditions (from gov) are that great. (also my guess is it doesn't really affect the market!)

just my two duffs

oblox

legendary

Activity: 1442

Merit: 1018

Quote from: TaoOfSaatoshi on March 06, 2015, 03:31:51 PM

Quote from: Sub-Ether on March 06, 2015, 02:13:41 PM

Gavin Andresen tweet,
http://junseth.com/post/112626834687/stop-talking-about-confirmation-speeds-start
Dark Coin was built, originally, to solve the anonymity problem. Now they introduced what they think is a fix to confirmation times. And yet, it has a fraction of the hashing power being pumped into it.

All of bitcoins hashing is from 1 pool so how is petahashs any better than gigahashes of mining in keeping the network stable, and also the decentralized masternode system should keep the network doublely stable as an extra network layer, or am I missing something?

We seem, through our success, to have reached the "Then they fight you" stage:

https://twitter.com/TaoOfSatoshi/status/573937339778596864?s=09

Love it. Great stuff!

Great, Gavin is comparing Bitcoin that has established itself for 6 years to Darkcoin that is just over a year old and doesn't have ASICs. Fantastic argument. Bravo.

Minotaur26

legendary

Activity: 1092

Merit: 1000

Quote from: tombtc on March 06, 2015, 03:40:19 PM

Quote from: SpreadLight on March 06, 2015, 03:29:06 PM

Quote from: illodin on March 06, 2015, 03:26:21 PM

Quote from: SpreadLight on March 06, 2015, 03:24:33 PM

1.5 hours (should be before 5pm EST time) left till US Marshals announces the winning bidder on 50k bitcoin Auction

Get ready for roller coaster ride across all crypto markets.

So basically if the winning bid was $350 we'll see panic buying and if it was $200 we'll see hudge dumpage? Cheesy

Hard to tell because they usually do not announce the price of the winning bid. Even the winner last time refused to say how much he paid for 1 btc. But last time we saw a price increase till the auction day and then gradual decline. I have no clue how market will behave this time.

If the winner paid more than $300 then why wouldn't he say it publicly? It can only raise the value of the coins he jut bought.

I think it makes no sense to pay more than the market price for a bulk purchase. If anything they should pay a little bit below market. I guess it will come down to who won the bid, as people would speculate about the person's intention, whether is a known supporter, a completely new player, etc.

etoque

legendary

Activity: 1988

Merit: 1000

I call green candle coming

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2841. (Read 9723748 times)