[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3584.

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: AlexGR on November 08, 2014, 09:03:18 AM

Quote from: aclass on November 08, 2014, 08:41:28 AM

Most likely not a bot. Who would leave a bot to do such a big volume without intervention.
To me it looks like a coordinated pump by hand with the help of some tech... wondering when the pump will end

I think it's just new investors who learned about Darkcoin through the recent press. The buying is rational, not pump-like... chunks, breathing space for correction, chunks, breathing space for correction etc... unlike April-May pump when the order book was swallowed like no tomorrow.

AlexGR I have to agree with you, last TV news got the attention of people.
We`re going the right direction. If there is correction OK let it be but the direction is well know for us.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: qwizzie on November 08, 2014, 09:31:18 AM

The Search for Satoshi

http://www.coindesk.com/search-satoshi/

[spoiler]Nick Szabo[/spoiler]

Although a few people have wondered to me if chaeplin is Satoshi, who knows? Lips sealed

qwizzie

legendary

Activity: 2548

Merit: 1245

The Search for Satoshi

http://www.coindesk.com/search-satoshi/

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: thelonecrouton on November 08, 2014, 09:18:54 AM

Quote from: qwizzie on November 08, 2014, 09:14:48 AM

Quote from: eduffield on November 08, 2014, 09:09:39 AM

Quote from: patrolman on November 08, 2014, 06:31:30 AM

Quote from: roede94105 on November 07, 2014, 07:49:06 PM

Will instantX accelerates the mixing process?

Will the liquidity update be a sufficient solution?

InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees?

Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up.

InstantX will NOT accelerate the mixing process. I figured out a way to use the entire masternode network in a completely 100% decentralized way, but the trade off is it will require inputs that have at least 5 confirmations. However, this means that when sending a transaction, the 10 voting notes are going to be unique, so the system will be very difficult to DDOS (you'll theoretically have to DOS all masternodes to succeed). However, this means you can't send multiple transactions one after another based on InstantX, they have to be a few minutes apart. The really nice thing is this will scale now, to HUGE levels with no effect on the network.

Darksend just needs more users, we can bootstrap it with the liquidity providers and it'll take a few hours for people to complete their mixing. Eventually when we have enough users, we can disable the liquidity providers and Darksend will get to the point where it just takes a few minutes. It just needs 2.5 minutes per round, so 4 rounds (which is rather good privacy) could theoretically take just 10 minutes.

I'm going to record a demonstration today of InstantX and put it on YouTube, this technology is really amazing. I can't wait to hear what people think of it.

looking forward to it

If Evan's obvious enthusiasm and love of the project (why I invested) carry over to video, this is going to be a very good thing.

yeah i agree .. and we can use it as teaser to promote Darkcoin further

tokeweed

legendary

Activity: 3976

Merit: 1421

Life, Love and Laughter...

wow this orderbook is acting like:

i wouldn't be surprised if some rich chinese bitcoiners are pumping this.

qwizzie

legendary

Activity: 2548

Merit: 1245

for those people new to Darkcoin and looking for a way to monitor the price of Darkcoin on some exchanges that trade in Darkcoin you can bookmark these two :

https://bitcoinwisdom.com/markets/cryptsy/drkbtc
https://bitcoinwisdom.com/markets/bitfinex/drkbtc

Just put them on the 4hr interval.

Freckleg

hero member

Activity: 508

Merit: 500

Quote from: valentino007 on November 08, 2014, 09:17:30 AM

bot flicked a switch,watch out

Put on your tinfoil hat! Fast!

valentino007

full member

Activity: 150

Merit: 100

very strange things going on,i dont trust it anymore...

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: qwizzie on November 08, 2014, 09:14:48 AM

Quote from: eduffield on November 08, 2014, 09:09:39 AM

Quote from: patrolman on November 08, 2014, 06:31:30 AM

Quote from: roede94105 on November 07, 2014, 07:49:06 PM

Will instantX accelerates the mixing process?

Will the liquidity update be a sufficient solution?

InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees?

Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up.

InstantX will NOT accelerate the mixing process. I figured out a way to use the entire masternode network in a completely 100% decentralized way, but the trade off is it will require inputs that have at least 5 confirmations. However, this means that when sending a transaction, the 10 voting notes are going to be unique, so the system will be very difficult to DDOS (you'll theoretically have to DOS all masternodes to succeed). However, this means you can't send multiple transactions one after another based on InstantX, they have to be a few minutes apart. The really nice thing is this will scale now, to HUGE levels with no effect on the network.

Darksend just needs more users, we can bootstrap it with the liquidity providers and it'll take a few hours for people to complete their mixing. Eventually when we have enough users, we can disable the liquidity providers and Darksend will get to the point where it just takes a few minutes. It just needs 2.5 minutes per round, so 4 rounds (which is rather good privacy) could theoretically take just 10 minutes.

I'm going to record a demonstration today of InstantX and put it on YouTube, this technology is really amazing. I can't wait to hear what people think of it.

looking forward to it

If Evan's obvious enthusiasm and love of the project (why I invested) carry over to video, this is going to be a very good thing.

valentino007

full member

Activity: 150

Merit: 100

bot flicked a switch,watch out

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: eduffield on November 08, 2014, 09:09:39 AM

Quote from: patrolman on November 08, 2014, 06:31:30 AM

Quote from: roede94105 on November 07, 2014, 07:49:06 PM

Will instantX accelerates the mixing process?

Will the liquidity update be a sufficient solution?

InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees?

Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up.

InstantX will NOT accelerate the mixing process. I figured out a way to use the entire masternode network in a completely 100% decentralized way, but the trade off is it will require inputs that have at least 5 confirmations. However, this means that when sending a transaction, the 10 voting notes are going to be unique, so the system will be very difficult to DDOS (you'll theoretically have to DOS all masternodes to succeed). However, this means you can't send multiple transactions one after another based on InstantX, they have to be a few minutes apart. The really nice thing is this will scale now, to HUGE levels with no effect on the network.

Darksend just needs more users, we can bootstrap it with the liquidity providers and it'll take a few hours for people to complete their mixing. Eventually when we have enough users, we can disable the liquidity providers and Darksend will get to the point where it just takes a few minutes. It just needs 2.5 minutes per round, so 4 rounds (which is rather good privacy) could theoretically take just 10 minutes.

I'm going to record a demonstration today of InstantX and put it on YouTube, this technology is really amazing. I can't wait to hear what people think of it.

looking forward to it

Freckleg

hero member

Activity: 508

Merit: 500

Quote from: AlexGR on November 08, 2014, 09:03:18 AM

Quote from: aclass on November 08, 2014, 08:41:28 AM

Most likely not a bot. Who would leave a bot to do such a big volume without intervention.
To me it looks like a coordinated pump by hand with the help of some tech... wondering when the pump will end

I think it's just new investors who learned about Darkcoin through the recent press. The buying is rational, not pump-like... chunks, breathing space for correction, chunks, breathing space for correction etc... unlike April-May pump when the order book was swallowed like no tomorrow.

I agree, it looks like solid investing. This will continue for quite a long time now. And the price increase will be logarithmic. To put it differently this week gave a push to a small snowball and it will continue to grow and grow. What dark faced from its initial pump to 0.0275 toward 0.003 will in two months be viewed as a bear trap. My two duffs, I am fine if some see it differently

sdef2

member

Activity: 60

Merit: 10

Quote from: eduffield on November 08, 2014, 09:09:39 AM

Quote from: patrolman on November 08, 2014, 06:31:30 AM

Quote from: roede94105 on November 07, 2014, 07:49:06 PM

Will instantX accelerates the mixing process?

Will the liquidity update be a sufficient solution?

InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees?

Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up.

InstantX will NOT accelerate the mixing process. I figured out a way to use the entire masternode network in a completely 100% decentralized way, but the trade off is it will require inputs that have at least 5 confirmations. However, this means that when sending a transaction, the 10 voting notes are going to be unique, so the system will be very difficult to DDOS (you'll theoretically have to DOS all masternodes to succeed). However, this means you can't send multiple transactions one after another based on InstantX, they have to be a few minutes apart. The really nice thing is this will scale now, to HUGE levels with no effect on the network.

Darksend just needs more users, we can bootstrap it with the liquidity providers and it'll take a few hours for people to complete their mixing. Eventually when we have enough users, we can disable the liquidity providers and Darksend will get to the point where it just takes a few minutes. It just needs 2.5 minutes per round, so 4 rounds (which is rather good privacy) could theoretically take just 10 minutes.

I'm going to record a demonstration today of InstantX and put it on YouTube, this technology is really amazing. I can't wait to hear what people think of it.

great, can't wait !

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: patrolman on November 08, 2014, 08:15:42 AM

Quote from: roede94105 on November 08, 2014, 07:56:03 AM

Quote from: patrolman on November 08, 2014, 07:42:50 AM

Quote from: roede94105 on November 08, 2014, 07:07:51 AM

Quote from: patrolman on November 08, 2014, 06:31:30 AM

Quote from: roede94105 on November 07, 2014, 07:49:06 PM

Will instantX accelerates the mixing process?

Will the liquidity update be a sufficient solution?

InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees?

Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up.

Thanks for your input. I think the incentive for leaving coins for mixing is if you don't have enough for a MN. For instance, I have 800DRKs left and that is not enough for an additional MN, but if leaving the 800 allow me to gain some small amounts of DRKs, then I'll go for it.

Also, you don't need to anonymize your 1k DRKs to set up a MN, just set it up.

I know that I don't need to anonymise to set up a masternode but I prefer to do it before setting one up and leaving them there for a long time. At the moment it probably wouldn't be too difficult for some exhanges (or agencies which have access to their data) to conduct some basic blockchain analysis and establish that the funds used for the masternodes belong to me - which I don't believe is necessary.

The concerning thing is that I can't do it after days of trying. I imagine there must be others interested in anonymising similar amounts before setting up masternodes but I haven't got past one round of anonymisation. The implication is that anyone wanting to anonymise large amounts will be waiting for a long time, and potentially lose interest if they are unsuccessful. I think the success of Darkcoin will have more to do with those mixing large amounts, than those mixing smaller amounts.

But mixing 1000 is like mixing 10 times 100 from a wallet point of view IIRC, so if there are a lot of people always available to mix, who allow say 100 200 or 500, then it should work pretty well.

With the liquidity update I hope it will happen.

Or am I missing something?

Let's say I have 10 000, would you suggest mixing 100 coins 100 times?

with funds like 10.000 personally i would go for amounts like 1000 or 1100 per time to mix as a lot of large buyings are starting to roll in right now that in the end will most likely need mixing.
It will split into a 500 and some 100's that are more easy mixed, you just have to see how fast or how slow that gets mixed, once mixed then double the amount to get mixed to further anonymize
the 10.000

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: patrolman on November 08, 2014, 06:31:30 AM

Quote from: roede94105 on November 07, 2014, 07:49:06 PM

Will instantX accelerates the mixing process?

Will the liquidity update be a sufficient solution?

InstantX will accelerate the mixing process but only if there are other clients available for mixing. If you've already anonymised your coins as much as you would like, why would you leave your wallet unlocked to anonymise more and pay more fees?

Liquidity providers are a short-term fix in my opinion. Although there is a big incentive to run a masternode with 1000 DRK, what incentive is there to provide 1000 DRK or more for mixing? I want to set up some masternodes but have been unable to anonymise enough coins to set one up.

InstantX will NOT accelerate the mixing process. I figured out a way to use the entire masternode network in a completely 100% decentralized way, but the trade off is it will require inputs that have at least 5 confirmations. However, this means that when sending a transaction, the 10 voting notes are going to be unique, so the system will be very difficult to DDOS (you'll theoretically have to DOS all masternodes to succeed). However, this means you can't send multiple transactions one after another based on InstantX, they have to be a few minutes apart. The really nice thing is this will scale now, to HUGE levels with no effect on the network.

Darksend just needs more users, we can bootstrap it with the liquidity providers and it'll take a few hours for people to complete their mixing. Eventually when we have enough users, we can disable the liquidity providers and Darksend will get to the point where it just takes a few minutes. It just needs 2.5 minutes per round, so 4 rounds (which is rather good privacy) could theoretically take just 10 minutes.

I'm going to record a demonstration today of InstantX and put it on YouTube, this technology is really amazing. I can't wait to hear what people think of it.

aclass

sr. member

Activity: 381

Merit: 251

Most likely it's not. The pump groups that know what they are doing are monitoring for such coverage and news. They start pumping just when the news break out so everyone thinks it's because of the news and joins in panic buying. Whoever has knowledge of cryptos and wants to invest is already aware of DRK and has or has not taken a position.

Of course I hope I am wrong as I also have some coins and hope the price to go up and never come back.

Quote from: AlexGR on November 08, 2014, 09:03:18 AM

Quote from: aclass on November 08, 2014, 08:41:28 AM

Most likely not a bot. Who would leave a bot to do such a big volume without intervention.
To me it looks like a coordinated pump by hand with the help of some tech... wondering when the pump will end

I think it's just new investors who learned about Darkcoin through the recent press. The buying is rational, not pump-like... chunks, breathing space for correction, chunks, breathing space for correction etc... unlike April-May pump when the order book was swallowed like no tomorrow.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote from: aclass on November 08, 2014, 08:41:28 AM

Most likely not a bot. Who would leave a bot to do such a big volume without intervention.
To me it looks like a coordinated pump by hand with the help of some tech... wondering when the pump will end

I think it's just new investors who learned about Darkcoin through the recent press. The buying is rational, not pump-like... chunks, breathing space for correction, chunks, breathing space for correction etc... unlike April-May pump when the order book was swallowed like no tomorrow.

raganius

sr. member

Activity: 308

Merit: 250

Quote from: xxxgoodgirls on November 08, 2014, 08:10:30 AM

Quote from: xxxgoodgirls on November 08, 2014, 07:51:50 AM

Is there any legal issue in running a Masternode?

bump

Well, my fast answer would be: no (if you live in a democratic country, at least), because no one can be forced to do, or to refrain to do, something, unless there's specific, previous and strict law.

But mind that, regarding law issues, the answers will always depend on what country, state, jurisdiction you are.

All I can say is that the Masternodes are working to provide fungibility to the darkcoins, and fungibility is necessary to any form of currency. The Masternode operators have no idea of what coins have been through their services, and who the coins owners are. And also, the Masternode operators are NOT mixing their own darkcoins in the process (remember that the 1,000DRK required to run the masternode remain static in an offline wallet).

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!