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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3139. (Read 9724017 times)

legendary
Activity: 1092
Merit: 1000
I think you are a little confused about how InstantX works, InstantX just locks a transaction in place for a period of time, it is secured in the blockchain separately.

I was the wrong side of a "couple" of glasses of Saturday Riocha when I made those posts originally so I apologise if they sounded over assertive, all the same I still think there's something reassuring about having the mining network do the confirmations and for them to take a bit of time.

Look at it this way. Think of the masternode / blockchain configuration as a client-server architecture. The blockchain/miners are the server and the masternode network the client.

Right now, there is an elegant delineation of responsibility where ththe "client" and "server" are reasonably independent. Also, the mining process is the aspect of the architecture that provides consensus AND buries transactions in the blockchain. I just thought that making the masternode network responsable for confirmations would create a nasty coupling between these two that may be regretted. And for what ? To save a few minutes off the confirmation time ?

If a need emerges for such urgency then it's a nice card to have up your sleeve but I can see as many problems as benefits from making it the default configuration of the Darkcoin architecture - namely it departs from the classic proof or work convention.

But as mentioned, I may not have a full enough understanding of what's proposed to properly jusge.


Got it, I now see where the misunderstanding is.  Here is the thing, Masternodes and InstanX, won't be replacing mining in any way or changing traditional transaction confirmation. Normal block confirmation still happens just like it does now, and there is mining and blocks are mined and transactions are confirmed every 2.5 mins.  InstanX  and transaction locking is a warranty that the transaction will be mined and there will be no double spends, so the people involved with the transaction don't have to wait for the blocks to be mined, they can leave the premises with their goods after 20secs once the transaction lock is in place, the transaction will still be mined in the next block after a couple of minutes, the transaction lock (Instant X) just guarantees that will happen.  The way we are thinking about InstantX right now, there is a transaction lock after 20 seconds, the person can leave with their groceries at that point, after a couple of minutes the transaction is confirmed in the blockchain and after a number of blockchain confirmations the transaction lock from InstantX is released. As you can see the transaction lock is an additional layer, a warranty.


Now having said that, having a transaction lock whose duration can be adjusted is very powerful in other applications. You can put a transaction lock that lasts for several normal block confirmations, so instead of facilitating a quick transaction you can produce a delayed transaction for a different application. You pay someone for something but you dont want that person to be able to spend those coins half an hour later. You want the transaction to be locked for a week so you can see that the car they sold you is in good condition.  Now the transaction is not reversible, after the week the person will be free to spend the coins, but at least it gives you time so if after a day testing your new used vehicle you find a major problem you have time to go to their place and kick their ass as you know your money has not been moved yet. So paying in a delayed fashion where you can control the locking time, will have a lot of applications too.
legendary
Activity: 1092
Merit: 1000

Just need to see Greece exit the Euro and adopt crypto as their national currency as going back to the Drachma isn't going to end well either.

Get real, that is not going to happen for a loooooooong time, but never give up on a dream  Grin

 The amount of effort, education, infrastructure and deployment to get whole country within regulatory compliance to maintain a society is... well... an encyclopaedia in the writing.

 It will happen, no doubt. Eventually
legendary
Activity: 1442
Merit: 1018

Just need to see Greece exit the Euro and adopt crypto as their national currency as going back to the Drachma isn't going to end well either.
legendary
Activity: 1092
Merit: 1000

********* Amber Alert in Euro Debt bubble Land ***********

Box of pins spotted on the horizon...



http://www.zerohedge.com/news/2015-01-25/greek-exit-polls-hint-massive-victory-syriza-live-webcast


Damn... this is going to send shockwaves throughout Europe. If Greece drops the Euro, the Euro project is basically doomed to failure (even though it will be alive and kicking for a good while)
legendary
Activity: 3066
Merit: 1188
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
Security Advisory for CoinShuffle and Darkwallet

I've posted the security advisory on r/Bitcoin, so far it's just getting downvoted. Can we get some upvotes? It's getting downvoted just because it's from a competing currency, however, they should know that all of the mixing technologies they have presently are broken.

http://www.reddit.com/r/Bitcoin/comments/2tmopl/security_advisory_for_coinshuffle_and_darkwallet/

Please RT

https://twitter.com/splawik21/status/559414630528090112
legendary
Activity: 1176
Merit: 1036
Dash Developer
Security Advisory for CoinShuffle and Darkwallet

I've posted the security advisory on r/Bitcoin, so far it's just getting downvoted. Can we get some upvotes? It's getting downvoted just because it's from a competing currency, however, they should know that all of the mixing technologies they have presently are broken.

http://www.reddit.com/r/Bitcoin/comments/2tmopl/security_advisory_for_coinshuffle_and_darkwallet/
legendary
Activity: 1288
Merit: 1000
Thanks to UdjinM6 we have a more specific MN payments schedule overview : https://github.com/darkcoin/darkcoin/commit/f3710ec4de72d15a83652de1bc8d6d42c1739198
(with recalculated dates and also the blocknumbers are mentioned at which the MN payment increase comes into effect) :

if(nHeight > 158000)                         ret += blockValue / 20; // 158000 - 25.0% - 2014-10-24
if(nHeight > 158000+((576*30)* 1))  ret += blockValue / 20; // 175280 - 30.0% - 2014-11-25
if(nHeight > 158000+((576*30)* 2))  ret += blockValue / 20; // 192560 - 35.0% - 2014-12-26
if(nHeight > 158000+((576*30)* 3))  ret += blockValue / 40; // 209840 - 37.5% - 2015-01-26
if(nHeight > 158000+((576*30)* 4))  ret += blockValue / 40; // 227120 - 40.0% - 2015-02-27
if(nHeight > 158000+((576*30)* 5))  ret += blockValue / 40; // 244400 - 42.5% - 2015-03-30
if(nHeight > 158000+((576*30)* 6))  ret += blockValue / 40; // 261680 - 45.0% - 2015-05-01
if(nHeight > 158000+((576*30)* 7))  ret += blockValue / 40; // 278960 - 47.5% - 2015-06-01
if(nHeight > 158000+((576*30)* 9))  ret += blockValue / 40; // 313520 - 50.0% - 2015-08-03
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; // 348080 - 52.5% - 2015-10-05
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; // 382640 - 55.0% - 2015-12-07
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; // 417200 - 57.5% - 2016-02-08
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; // 451760 - 60.0% - 2016-04-11

well done UdjinM6

And when did we'll have the 7% anually decrease? Because it seam that we didn't had it yet.

Edit: and what is the blockvalue / 20 that become blockvalue / 40 this year?

'/20' means a 5% increase, 25%-30%-35%, '/40' means a 2.5% increase, 35%-37.5%-40%...

And to add to that, the ~7% happens annually every (576x365) 210,240 blocks.
Thanks and thanks,
Oh I guess I leave my brain in stand by mode this morning ( for the 20 and 40) both will arrive soon...
legendary
Activity: 1442
Merit: 1018
Thanks to UdjinM6 we have a more specific MN payments schedule overview : https://github.com/darkcoin/darkcoin/commit/f3710ec4de72d15a83652de1bc8d6d42c1739198
(with recalculated dates and also the blocknumbers are mentioned at which the MN payment increase comes into effect) :

if(nHeight > 158000)                         ret += blockValue / 20; // 158000 - 25.0% - 2014-10-24
if(nHeight > 158000+((576*30)* 1))  ret += blockValue / 20; // 175280 - 30.0% - 2014-11-25
if(nHeight > 158000+((576*30)* 2))  ret += blockValue / 20; // 192560 - 35.0% - 2014-12-26
if(nHeight > 158000+((576*30)* 3))  ret += blockValue / 40; // 209840 - 37.5% - 2015-01-26
if(nHeight > 158000+((576*30)* 4))  ret += blockValue / 40; // 227120 - 40.0% - 2015-02-27
if(nHeight > 158000+((576*30)* 5))  ret += blockValue / 40; // 244400 - 42.5% - 2015-03-30
if(nHeight > 158000+((576*30)* 6))  ret += blockValue / 40; // 261680 - 45.0% - 2015-05-01
if(nHeight > 158000+((576*30)* 7))  ret += blockValue / 40; // 278960 - 47.5% - 2015-06-01
if(nHeight > 158000+((576*30)* 9))  ret += blockValue / 40; // 313520 - 50.0% - 2015-08-03
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; // 348080 - 52.5% - 2015-10-05
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; // 382640 - 55.0% - 2015-12-07
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; // 417200 - 57.5% - 2016-02-08
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; // 451760 - 60.0% - 2016-04-11

well done UdjinM6

And when did we'll have the 7% anually decrease? Because it seam that we didn't had it yet.

Edit: and what is the blockvalue / 20 that become blockvalue / 40 this year?

'/20' means a 5% increase, 25%-30%-35%, '/40' means a 2.5% increase, 35%-37.5%-40%...

And to add to that, the ~7% happens annually every (576x365) 210,240 blocks.
legendary
Activity: 966
Merit: 1000
Thanks to UdjinM6 we have a more specific MN payments schedule overview : https://github.com/darkcoin/darkcoin/commit/f3710ec4de72d15a83652de1bc8d6d42c1739198
(with recalculated dates and also the blocknumbers are mentioned at which the MN payment increase comes into effect) :

if(nHeight > 158000)                         ret += blockValue / 20; // 158000 - 25.0% - 2014-10-24
if(nHeight > 158000+((576*30)* 1))  ret += blockValue / 20; // 175280 - 30.0% - 2014-11-25
if(nHeight > 158000+((576*30)* 2))  ret += blockValue / 20; // 192560 - 35.0% - 2014-12-26
if(nHeight > 158000+((576*30)* 3))  ret += blockValue / 40; // 209840 - 37.5% - 2015-01-26
if(nHeight > 158000+((576*30)* 4))  ret += blockValue / 40; // 227120 - 40.0% - 2015-02-27
if(nHeight > 158000+((576*30)* 5))  ret += blockValue / 40; // 244400 - 42.5% - 2015-03-30
if(nHeight > 158000+((576*30)* 6))  ret += blockValue / 40; // 261680 - 45.0% - 2015-05-01
if(nHeight > 158000+((576*30)* 7))  ret += blockValue / 40; // 278960 - 47.5% - 2015-06-01
if(nHeight > 158000+((576*30)* 9))  ret += blockValue / 40; // 313520 - 50.0% - 2015-08-03
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; // 348080 - 52.5% - 2015-10-05
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; // 382640 - 55.0% - 2015-12-07
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; // 417200 - 57.5% - 2016-02-08
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; // 451760 - 60.0% - 2016-04-11

well done UdjinM6

And when did we'll have the 7% anually decrease? Because it seam that we didn't had it yet.

Edit: and what is the blockvalue / 20 that become blockvalue / 40 this year?

'/20' means a 5% increase, 25%-30%-35%, '/40' means a 2.5% increase, 35%-37.5%-40%...
legendary
Activity: 1176
Merit: 1036
Dash Developer
legendary
Activity: 1288
Merit: 1000
Thanks to UdjinM6 we have a more specific MN payments schedule overview : https://github.com/darkcoin/darkcoin/commit/f3710ec4de72d15a83652de1bc8d6d42c1739198
(with recalculated dates and also the blocknumbers are mentioned at which the MN payment increase comes into effect) :

if(nHeight > 158000)                         ret += blockValue / 20; // 158000 - 25.0% - 2014-10-24
if(nHeight > 158000+((576*30)* 1))  ret += blockValue / 20; // 175280 - 30.0% - 2014-11-25
if(nHeight > 158000+((576*30)* 2))  ret += blockValue / 20; // 192560 - 35.0% - 2014-12-26
if(nHeight > 158000+((576*30)* 3))  ret += blockValue / 40; // 209840 - 37.5% - 2015-01-26
if(nHeight > 158000+((576*30)* 4))  ret += blockValue / 40; // 227120 - 40.0% - 2015-02-27
if(nHeight > 158000+((576*30)* 5))  ret += blockValue / 40; // 244400 - 42.5% - 2015-03-30
if(nHeight > 158000+((576*30)* 6))  ret += blockValue / 40; // 261680 - 45.0% - 2015-05-01
if(nHeight > 158000+((576*30)* 7))  ret += blockValue / 40; // 278960 - 47.5% - 2015-06-01
if(nHeight > 158000+((576*30)* 9))  ret += blockValue / 40; // 313520 - 50.0% - 2015-08-03
if(nHeight > 158000+((576*30)*11)) ret += blockValue / 40; // 348080 - 52.5% - 2015-10-05
if(nHeight > 158000+((576*30)*13)) ret += blockValue / 40; // 382640 - 55.0% - 2015-12-07
if(nHeight > 158000+((576*30)*15)) ret += blockValue / 40; // 417200 - 57.5% - 2016-02-08
if(nHeight > 158000+((576*30)*17)) ret += blockValue / 40; // 451760 - 60.0% - 2016-04-11

well done UdjinM6

And when did we'll have the 7% anually decrease? Because it seam that we didn't had it yet.

Edit: and what is the blockvalue / 20 that become blockvalue / 40 this year?
legendary
Activity: 3066
Merit: 1188
I think you are a little confused about how InstantX works, InstantX just locks a transaction in place for a period of time, it is secured in the blockchain separately.

I was the wrong side of a "couple" of glasses of Saturday Riocha when I made those posts originally so I apologise if they sounded over assertive, all the same I still think there's something reassuring about having the mining network do the confirmations and for them to take a bit of time.

Look at it this way. Think of the masternode / blockchain configuration as a client-server architecture. The blockchain/miners are the server and the masternode network the client.

Right now, there is an elegant delineation of responsibility where ththe "client" and "server" are reasonably independent. Also, the mining process is the aspect of the architecture that provides consensus AND buries transactions in the blockchain. I just thought that making the masternode network responsable for confirmations would create a nasty coupling between these two that may be regretted. And for what ? To save a few minutes off the confirmation time ?

If a need emerges for such urgency then it's a nice card to have up your sleeve but I can see as many problems as benefits from making it the default configuration of the Darkcoin architecture - namely it departs from the classic proof or work convention.

But as mentioned, I may not have a full enough understanding of what's proposed to properly jusge.
full member
Activity: 210
Merit: 100
3 hours till Greek election results. Whole Europe is holding their breath for this. Expect a major jump in Bitcoin price within the next 3 hours.
hero member
Activity: 671
Merit: 500
...
payment processors will be interested only in reliability, not clearing times.
...

80% of the world will be interested only in clearing times, not payment processors.  You know, that whole centralized vs. decentralized thingy.


...
DRK needs to continue to shadow Bitcoin in this regard as long as it remains the reference standard, and keep the 20 seconds in its pocket for a rainy day.
...

Why would a rainy day be a better time to unleash "instant" transactions if today is not that day?
legendary
Activity: 1092
Merit: 1000
Friendly Sunday Epileptic Disco Reminder  Shocked

Update to v.011.0.13 ASAP please...

- This includes the full fix to the segfault issue from Bitcoin.

https://darkcointalk.org/threads/0-11-0-darkcoin-core-release.3601

 No complaints so far, pretty soon enforcement hammer shall strike, and off to InstantX !


 
sr. member
Activity: 882
Merit: 250
According to drk.mn over 81% of the Masternodes are now running v11.x, does that mean enforcement is turned back on?

No information on that report.
hero member
Activity: 525
Merit: 510
According to drk.mn over 81% of the Masternodes are now running v11.x, does that mean enforcement is turned back on?
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