Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3137. (Read 9723796 times)

It looks normal there, and here too:

https://chainz.cryptoid.info/drk/

Doesn't look like it.

http://explorer.darkcoin.io/chain/Darkcoin stuck at block 209240 ?

I really wish the best for Greece, but in the end, the policies will be the same, and I don't see anything good coming from it.  But I'm a lifelong capitalist (now called anarchist???)  Let the people work, innovate, do things, and don't hinder them.  But the far left is always for more government which means more regulations, which means people can't work and innovate, IMO.  Don't get me wrong, I don't like the far left nor the far right.  Both of them want to rule everyone's life and think they know better.  And I'm not against social safety nets either.  I just think there is a balance, and financially - not socially, I'm probably on the right side of the spectrum

Tomorrow's Guardian newspaper headline will look like this:



https://twitter.com/guardian/status/559474640855506944/photo/1

For reference, Syriza is not communist. It's a pure radical left coalition comprised of about a dozen groups, including democratic socialists.
No one has a clue how on earth this os going to play out.

Greece is going commie, if they thought they knew austerity before, they haven't a clue as to what they're in for.  Unless you're part of the corrupt government-leeching off the people, you'll be living below poverty with no hope to find success.  Good luck with that.  Even the government can't leech forever.  But I have no high horse, we're going down the same road in the USA.

If I could, I'd vote for him!  But I actually like him to much to wish that on him, LOL.

Maybe congress though.  He's now an American citizen I believe, so he could become a senator or congressman???  I can see that in his future   He's amazingly articulate and thoughtful. 

Tok, you're one of my favourite posters on this forum (you can hear a 'but' coming can't you! No, there's no 'but', just appreciation).

You bring a wealth of understanding and knowledge to us all.

I completely understand what you're saying about POS. One of the challenges in a community like this is that everyone sees enormous potential for the technology and with great fervour and excitement, they start imagining the impact it will have and how things will be revolutionised in the same way the Internet has revolutionised almost every aspect of business, media and communications. And much of this imagining is in realms and arenas that most of us have little experience with; POS, being most likely an example of that (perhaps bigrcanada and his wine bar excluded; but to really understand retailers' requirements for POS you have to have implemented such systems in large national retail chains where all the back-end processes have to be seamlessly integrated).

Having worked in corporate and government large scale IT for a long time, I can so easily concur that retailers will have about as much interest in deploying a POS system that's linked directly to a block chain for a crypto currency such as DRK as they have in accepting gold at the checkout. They're just not interested in being involved in all the mechanics of the transactions down at a technical protocol level. That's why payment processors exist; to facilitate all the techo knowledge, security, integration, back-end accounting, consumer legal protection/adherence to laws, support, loyalty systems interfacing and most of all performance SLAs. Everyone talking about 20 second confirmations and the checkout operator being able to void the cornflakes packet purchase and re-charge it to the next customer in line, etc, is just silliness. There's no way, crypto (as it currently stands or even as it may be 10 years from now) is going to be acceptable directly connected to POS terminals. There HAS TO be a layer in between the base monetary system (as you've described it Tok) and the retailer. Performance at a checkout is everything for large scale mainstream retailers. Even if DRK with the masternode network got down to 10 second confirm times, that's still too long at a Walmart checkout by comparison to the Visa/Mastercard networks which have SLAs guaranteeing sub 5 second times. An open source network like that which DRK is built on won't be competitive with the likes of these payment processors, for the moment.

And "for the moment" is a key point. Unlike you, I wouldn't say "(POS) will never be be doing direct transactions with the blockchain" because people have made these sorts of statements before only to then be proved completely wrong some time down the track. Things could develop dramatically over time and block chain technology could become THE network technology that everything works on. The mere fact IBM has invested so much into their IoT ("Internet of things") block chain architecture is indicative of how ubiquitous this stuff is likely to become. But your points about clarifying that DRK is a base monetary system, not a POS tool is a very important differentiation that I think many of us are not clear on. There will be many online businesses that will transact directly with the block chain, but they'll be specialist niche affairs (like DirectBet). Mainstream business is not likely to use DRK for a start because of it's association with illegality (and that would segway into the name issue....but I'm not going there in this posting), but they will use it if a payment processor picks it up and builds products/services around it (that's why that Coinbase $75mil of capital raising story is of such importance; this is where mainstream will meet crypto).

As for InstantX I'm of the opinion that this can only be good for DRK. It will give us an incredible edge and open up much instant trade that will arise where it's currently tethered by BTC's long confirmation times. The key to success will be whether the technology can be robust enough to with stand network forks (like we've just had) and not result in a big mess. It will take years before DRK has a reputation of certainty and reputability, and even then, it will still be payment processors that use it and provide the front end initially.

Keeping posting Tok. I and many others really appreciate your input.

Exactly, although Germany preaches, the PIGS have kept the euro artificially low, without them it will become like the Swiss franc and make German exports very difficult, although it is perverse, Germany does benefit from having countries like Greece in the Europe and should really do more to assist them as for them to be as productive as Germany is to all intents and purposes impossible, and that is the problem...

It is not that simple and you know it. Germany has been screwing over the peripheries. Greece is the first one to show the troika middle finger. This is gonna spread like a wildfire to whole Southern Europe. 

BUMP

Fine.

Just repay the loans.

Cancel Austerity.

His mandate is now to negotiate a 50% write-off of loans.

I'd be happy to take out a $1m mortgage, then phone the bank after a few years and say, look, we've had a family vote and we want you to write off 50% of the mortgage loan.

I think the instant transaction issue is complicated. Retailers will be offered payment processor solutions that give instant funds clearance. InstantX for retailers is not an issue.

InstantX is important for those that don't want to pay fees to payment processors.  Once crypto payment is widely accepted and retailers don't feel the need to cash out into Fiat, then InstantX will be important. Retailers will want to skip paying payment processors and just use their own wallets. That is the point where they will want instant confirmations for security.

Yea, the new Greek leader's first speech was pretty much: "Fuck austerity"

Tsipras says Greece has left behind despair and austerity.“Today we have celebration, tomorrow we start to work hard,” he says. He says the verdict of the Greek people clearly rejects austerity.

go syriza \o/

I love all the innovation that goes on with this coin, its all pushing in the right direction as well, and I love the idea too of instantx, its well ahead of the curve....

700k DRK looks like its about to leave the station as well, its stopped in town long enough....

Greece should make for interesting viewing as well tonight.. Popcorn anyone?

Also, let the FUD come now, let it all shake out early rather than later.  Just my opinion.  Man, this has been a GREAT discussion everyone!

Well the zealots aren't doing too well:


Upvoted you too.