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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3475. (Read 9723748 times)

legendary
Activity: 1442
Merit: 1018
~80% of MNs owners are the holders and not gonna dump their earnings because they will setup more MNs.
If someone want to have MN to buy it will push the price on higer lows and this is the direction.
We will get higher support and we will get stable uptrend progress.

It is too early in the game but I keep thinking about Masternodes as a source of potential problem and a huge opportunity.

"PROBLEM": A model based on a fixed resource (the 22 Million Darkcoins) is probably wrong, deflationary, encouraging hoarding and unhealthy speculation, which can lead to liquidity crisis in the future. About  24.67% of all money (Darkcoins) is out of circulation already. Once the Masternode count is synced again I will keep monitoring that ratio (it has been increasing steadily, day by day, I mean, the % of DRKs out of circulation increases daily), but I can't see an asset of only 22,000,000 units (despite these unfortunately named "duffs" that go to 6th, 7th decimal) replacing the fiat. Ever.

"OPPORTUNITY": Being a n00b I can't get excited looking at the code so my imagination is limited by my frustration (over my severe limits) so I am unable to offer any intelligent solutions but I think masternodes must be used in various ways, and not only as mining tools, serving as our own Certificate of Deposits producing coins that are NOT spent in the economy and are, therefore, not contributing to the vivid, new economic paradigm.

Just my quite inarticulate 2 duffs  Wink



22M is whole coins... it's substantial more units when you go out to 8 decimal places. Sure, whole coins could be incredibly pricey, but that's no different than BTC being worth $385/coin or at one point $1200. What happens when BTC is worth $5-10k?

I am not sure.

Perhaps we would easily adopt to paying XY with 0.00000034 DRK instead with 27.50 USD or whatever, but much more important issue to me is how to utilize all these present and upcoming Masternodes for other purposes...


The same thing will happen with BTC probably before it happens to DRK and that would mean adjusting the coin value into mbits or beyond. It's something that will most likely happen as more mainstream adoption happens but given that BTC has yet to do it, DRK is still a long ways from having to worry about it.

I'm also anxiously waiting to see what sort of services and applications are built on top of the existing MN network.
legendary
Activity: 1176
Merit: 1036
Dash Developer

Quote from: eduffield, post: 29902, member: 104
Ah, thanks. Fixed in v15
I think it's better to wait till Evan announce next update
16.15 is not on github yet

v0.10.16.15 is available!

- Fixed dsee timestamp drift (thx UdjinM6)
- 90%+ reduction in collateral charges, should happen every 20+ mixes.
- Changed ping time to 5m (would have to have 14 bad propagation events to fall off the list)

https://github.com/darkcoin/darkcoin

* In the process of compiling it
sr. member
Activity: 1593
Merit: 284
~80% of MNs owners are the holders and not gonna dump their earnings because they will setup more MNs.
If someone want to have MN to buy it will push the price on higer lows and this is the direction.
We will get higher support and we will get stable uptrend progress.

It is too early in the game but I keep thinking about Masternodes as a source of potential problem and a huge opportunity.

"PROBLEM": A model based on a fixed resource (the 22 Million Darkcoins) is probably wrong, deflationary, encouraging hoarding and unhealthy speculation, which can lead to liquidity crisis in the future. About  24.67% of all money (Darkcoins) is out of circulation already. Once the Masternode count is synced again I will keep monitoring that ratio (it has been increasing steadily, day by day, I mean, the % of DRKs out of circulation increases daily), but I can't see an asset of only 22,000,000 units (despite these unfortunately named "duffs" that go to 6th, 7th decimal) replacing the fiat. Ever.

"OPPORTUNITY": Being a n00b I can't get excited looking at the code so my imagination is limited by my frustration (over my severe limits) so I am unable to offer any intelligent solutions but I think masternodes must be used in various ways, and not only as mining tools, serving as our own Certificate of Deposits producing coins that are NOT spent in the economy and are, therefore, not contributing to the vivid, new economic paradigm.

Just my quite inarticulate 2 duffs  Wink



22M is whole coins... it's substantial more units when you go out to 8 decimal places. Sure, whole coins could be incredibly pricey, but that's no different than BTC being worth $385/coin or at one point $1200. What happens when BTC is worth $5-10k?

I am not sure.

Perhaps we would easily adopt to paying XY with 0.00000034 DRK instead with 27.50 USD or whatever, but much more important issue to me is how to utilize all these present and upcoming Masternodes for other purposes...
legendary
Activity: 1318
Merit: 1040

Quote from: eduffield, post: 29902, member: 104
Ah, thanks. Fixed in v15
I think it's better to wait till Evan announce next update
16.15 is not on github yet
legendary
Activity: 2548
Merit: 1245
legendary
Activity: 1442
Merit: 1018
~80% of MNs owners are the holders and not gonna dump their earnings because they will setup more MNs.
If someone want to have MN to buy it will push the price on higer lows and this is the direction.
We will get higher support and we will get stable uptrend progress.

It is too early in the game but I keep thinking about Masternodes as a source of potential problem and a huge opportunity.

"PROBLEM": A model based on a fixed resource (the 22 Million Darkcoins) is probably wrong, deflationary, encouraging hoarding and unhealthy speculation, which can lead to liquidity crisis in the future. About  24.67% of all money (Darkcoins) is out of circulation already. Once the Masternode count is synced again I will keep monitoring that ratio (it has been increasing steadily, day by day, I mean, the % of DRKs out of circulation increases daily), but I can't see an asset of only 22,000,000 units (despite these unfortunately named "duffs" that go to 6th, 7th decimal) replacing the fiat. Ever.

"OPPORTUNITY": Being a n00b I can't get excited looking at the code so my imagination is limited by my frustration (over my severe limits) so I am unable to offer any intelligent solutions but I think masternodes must be used in various ways, and not only as mining tools, serving as our own Certificate of Deposits producing coins that are NOT spent in the economy and are, therefore, not contributing to the vivid, new economic paradigm.

Just my quite inarticulate 2 duffs  Wink



22M is whole coins... it's substantial more units when you go out to 8 decimal places. Sure, whole coins could be incredibly pricey, but that's no different than BTC being worth $385/coin or at one point $1200. What happens when BTC is worth $5-10k?
sr. member
Activity: 1593
Merit: 284
~80% of MNs owners are the holders and not gonna dump their earnings because they will setup more MNs.
If someone want to have MN to buy it will push the price on higer lows and this is the direction.
We will get higher support and we will get stable uptrend progress.

It is too early in the game but I keep thinking about Masternodes as a source of potential problem and a huge opportunity.

"PROBLEM": A model based on a fixed resource (the 22 Million Darkcoins) is probably wrong, deflationary, encouraging hoarding and unhealthy speculation, which can lead to liquidity crisis in the future. About  24.67% of all money (Darkcoins) is out of circulation already. Once the Masternode count is synced again I will keep monitoring that ratio (it has been increasing steadily, day by day, I mean, the % of DRKs out of circulation increases daily), but I can't see an asset of only 22,000,000 units (despite these unfortunately named "duffs" that go to 6th, 7th decimal) replacing the fiat. Ever.

"OPPORTUNITY": Being a n00b I can't get excited looking at the code so my imagination is limited by my frustration. (over my severe limits) Ergo, I am unable to offer any intelligent solutions but I think masternodes must be used in various ways, and not only as mining tools, serving solely as our own Certificate of Deposits producing coins (I am aware they are crucial for the Darkcoins very life, but you know what I mean...) that are NOT spent in the economy and are, therefore, not contributing to the vivid, new economic paradigm.

Just my quite inarticulate 2 duffs  Wink

legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
Was just thinking now - yes it happends sometimes Grin

Evan is the genius!

What will be the future price, future volume, future supply and demand?

Assuming that we have 576 blocks a day
5-6 coins a block
576*5-6 ~ 3168 coins / day
since 23 nov MNs get 30% of the block = 950 coins goes to MNs owners

3168 - 950 = 2218 coins a day of supply.

Incentives are very good for having the MN and investors will follow it especially we will follow this way:


~80% of MNs owners are the holders and not gonna dump their earnings because they will setup more MNs.

If someone want to have MN to buy it will push the price on higer lows and this is the direction.

We will get higher support and we will get stable uptrend progress.

This is only my opinion but I think Evan have thought about it all months ago. What a mind!!!

Thank you Evan for the life opportunity!!!
legendary
Activity: 1092
Merit: 1000
OMG !!

 Please someone explain me this... there is mathematical logic, just not common sense!!

 Ghash.io just solved 20 something blocks in a few seconds!! WTF ?!?!


It usually means that someone is happily mining the wrong blockchain and will soon get a lot of orphans  Grin

Wow.. how on could that happen on the BTC network without  a fork? I mean, the odd orphan is one thing, but all those is a row... oops, just got it. They forked themselves...  Roll Eyes ... don't mind me, keep calm and carry on... lol
full member
Activity: 212
Merit: 100
Activity: -42
OMG !!

 Please someone explain me this... there is mathematical logic, just not common sense!!

 Ghash.io just solved 20 something blocks in a few seconds!! WTF ?!?!


It usually means that someone is happily mining the wrong blockchain and will soon get a lot of orphans  Grin
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
Total Masternodes: 881 = 881 actives + 0 inactives (Last refresh: Mon Nov 17 2014 20:01:35)
Estimated daily payout for an active node (blocks with MN payments last 24h: 100%): 0.71 DRK/day (Last Refreshed: Mon Nov 17 2014 20:01:35)
legendary
Activity: 2548
Merit: 1245
lets talk about another topic, lets talk about using our wallets as liquidity providers by starting
the wallet with commandline option -liquidityprovider= (0 to 100, default 0, 1=very frequent, 100=very infrequent)

There used to be high fees with option 1 and low fees with option 100 but with Darksend letting go of the fees
(except for some sporadic fees) its much easier (and dare i say cheaper Smiley ) to run wallets as liquidity provider now.
i think its time we let our wallets do some liquidity testing.. see if it works as it should be.

Anyone interested trying it out ?

qwizzie


 

My LP has been up and running for a while on a dirt cheap VPS.

easy.

better upgrade to v10.16.13 when its out to avoid getting hit with unintended fees.
Good of you for running yr wallet as liquidity provider btw...

edit : correction in version number
legendary
Activity: 2548
Merit: 1245
legendary
Activity: 3066
Merit: 1188
Bollywoodcoin is now on bittrex  Smiley

https://bittrex.com/Market/?MarketName=BTC-BDC

cheers guys
Wrong thread guy, this thread is darkcoin

He's a DRK guy who has some involvement in another very interesting project to do with accessing huge markets in India who don't have banking but do watch Bollywood films.

It's not spam and not in competition with DRK. I think it's ok to let people make polite, informative posts that they think may be of interest to the community, even tough it doesn't involve DRK coin directly. Remember we are part of a bigger ecosystem on who's success Darkcoin depends.

If people come blindly spamming some sh*coin or fudding, then I agree they should be challenged. But otherwise a live & let live approach will prove constructive for us I think, would it not ?
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
hero member
Activity: 671
Merit: 500
lets talk about another topic, lets talk about using our wallets as liquidity providers by starting
the wallet with commandline option -liquidityprovider= (0 to 100, default 0, 1=very frequent, 100=very infrequent)

There used to be high fees with option 1 and low fees with option 100 but with Darksend letting go of the fees
(except for some sporadic fees) its much easier (and dare i say cheaper Smiley ) to run wallets as liquidity provider now.
i think its time we let our wallets do some liquidity testing.. see if it works as it should be.

Anyone interested trying it out ?

qwizzie


 

My LP has been up and running for a while on a dirt cheap VPS.

easy.
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
I didn't stay up to watch, but thanks to those who bought out the wall/s and also to those with the ingenious conspiracy theories, anyway for anyone interested in the numbers it totals 23,830 DRK that I purchased the last couple of days from those walls at 0.00666 - 0.0069 - 0.007 the average price being at 0.0068869 so very approx at $2.69 maybe.

I've started 15 more DN today, 20 in total now, those coins are now gone from the market for the foreseeable future, at least until 2017.

Hope that you found it entertaining, they'll be more to come I expect Grin
+101 - good to have the quality supporters Wink
legendary
Activity: 2548
Merit: 1245
OMG !!

 Please someone explain me this... there is mathematical logic, just not common sense!!

 Ghash.io just solved 20 something blocks in a few seconds!! WTF ?!?!



i dont think so.. (https://blockchain.info/nl/blocks)




edit : eh yeah, its a bit in dutch, sorry about that.
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