Darkcoin is one of my favorites.... I wish I got in earlier. Now may be still early, for the future is a long way ahead!
Keep up the great work!
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4093. (Read 9723748 times)
September 11, 2014, 01:09:07 PM
September 11, 2014, 12:53:52 PM
1) Great! You are right, my observation was based on blockchain.info that immediately picked up my transactions, the delay was literally less than a second. Does this mean that blockchain.info is running their own miner that picks up the transactions or is the NODE just a running wallet?
2) Makes sense, thanks!
3) Thx for the example, looks like Bitpay made an educated guess that the customer convenience economically outweighs the possible risk
2) Makes sense, thanks!
3) Thx for the example, looks like Bitpay made an educated guess that the customer convenience economically outweighs the possible risk
1) It could be a miner or just a regular node. It matters not. All nodes process transactions and blocks, regardless of if they are mining, to verify that they are valid before including them in their local version of "the blockchain".
Great, thanks a lot!
September 11, 2014, 12:41:14 PM
September 11, 2014, 12:26:57 PM
This is just great validation from an investment perspective, both Kristov's paper and Evan's reply. Yes we are still missing the code review which should come soon. But many things are very clear at this point:
1) Darkcoin is a very serious project and its real. If you believe privacy centric cryptocurrencies have a future, then you should be in Darkcoin one way or the other.
2) We are doing this right, Kristov analysed a pre-release version of Darkcoin, the whole idea is to identify opportunities for improvement so that later releases already consider these recommendations. Evan already addressed some of those, we are currently testing with 3 peers in RC5. Think in terms of RC6 - RC7, where is Darkcoin going to be?
3) Adapting this system to Electrum, Android, iPhone! Which is the next step, imagine the practicality of that! While using the same API as Bitcoin, super easy integration to existing services, proven codebase. In terms of time to market it would be impossible for Cryptonote coins to compete for adoption. Other Bitcoin based solutions are nowhere near where Darkcoin is and don't have AHEAD OF TIME MIXING, how can you compete with the ease of use. We already went through just in time mixing in a previous version and it was a pain in the ass to have to wait for entries the exact moment you want to spend.
4) Minimized Bloackchain bloat, the part where Evan explains how the main difference lies in the fact that back-end services like exchanges, pools, etc. Do not contribute to bloating the blockchain just blew my mind. If other protocols are condemned to adding bloat from services that do not contribute to end user anonymity then Darkcoin has an advantage.
If you cant see it at this point then, I don’t know what to say, but Darkcoin is happening and will continue to move forward with the same resolve and momentum it have had so far.
1) Darkcoin is a very serious project and its real. If you believe privacy centric cryptocurrencies have a future, then you should be in Darkcoin one way or the other.
2) We are doing this right, Kristov analysed a pre-release version of Darkcoin, the whole idea is to identify opportunities for improvement so that later releases already consider these recommendations. Evan already addressed some of those, we are currently testing with 3 peers in RC5. Think in terms of RC6 - RC7, where is Darkcoin going to be?
3) Adapting this system to Electrum, Android, iPhone! Which is the next step, imagine the practicality of that! While using the same API as Bitcoin, super easy integration to existing services, proven codebase. In terms of time to market it would be impossible for Cryptonote coins to compete for adoption. Other Bitcoin based solutions are nowhere near where Darkcoin is and don't have AHEAD OF TIME MIXING, how can you compete with the ease of use. We already went through just in time mixing in a previous version and it was a pain in the ass to have to wait for entries the exact moment you want to spend.
4) Minimized Bloackchain bloat, the part where Evan explains how the main difference lies in the fact that back-end services like exchanges, pools, etc. Do not contribute to bloating the blockchain just blew my mind. If other protocols are condemned to adding bloat from services that do not contribute to end user anonymity then Darkcoin has an advantage.
If you cant see it at this point then, I don’t know what to say, but Darkcoin is happening and will continue to move forward with the same resolve and momentum it have had so far.
September 11, 2014, 12:26:22 PM
1) To further clarify, the transaction does NOT instantly appear on the blockchain. If you're watching something like blockchain.info, they are running a NODE that picks up the transaction almost immediately. It doesn't get stored on the blockchain until "2)".
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
1) Great! You are right, my observation was based on blockchain.info that immediately picked up my transactions, the delay was literally less than a second. Does this mean that blockchain.info is running their own miner that picks up the transactions or is the NODE just a running wallet?
2) Makes sense, thanks!
3) Thx for the example, looks like Bitpay made an educated guess that the customer convenience economically outweighs the possible risk
1) It could be a miner or just a regular node. It matters not. All nodes process transactions and blocks, regardless of if they are mining, to verify that they are valid before including them in their local version of "the blockchain".
Could this yield the last word on this?
https://bitcoin.org/bitcoin.pdf
September 11, 2014, 11:58:47 AM
1) To further clarify, the transaction does NOT instantly appear on the blockchain. If you're watching something like blockchain.info, they are running a NODE that picks up the transaction almost immediately. It doesn't get stored on the blockchain until "2)".
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
1) Great! You are right, my observation was based on blockchain.info that immediately picked up my transactions, the delay was literally less than a second. Does this mean that blockchain.info is running their own miner that picks up the transactions or is the NODE just a running wallet?
2) Makes sense, thanks!
3) Thx for the example, looks like Bitpay made an educated guess that the customer convenience economically outweighs the possible risk
1) It could be a miner or just a regular node. It matters not. All nodes process transactions and blocks, regardless of if they are mining, to verify that they are valid before including them in their local version of "the blockchain".
September 11, 2014, 11:58:02 AM
Reply to Kristov's paper:
https://darkcointalk.org/threads/reply-to-kristovs-paper.2325/
https://darkcointalk.org/threads/reply-to-kristovs-paper.2325/
Fantastic stuff. Give it a few days for this information to disseminate into the wider world of crypto and lots of people are going to be taking another long look at darkcoin. Bravo!
September 11, 2014, 11:53:02 AM
Reply to Kristov's paper:
https://darkcointalk.org/threads/reply-to-kristovs-paper.2325/
https://darkcointalk.org/threads/reply-to-kristovs-paper.2325/
Awesome thanks!
September 11, 2014, 11:42:31 AM
Reply to Kristov's paper:
https://darkcointalk.org/threads/reply-to-kristovs-paper.2325/
https://darkcointalk.org/threads/reply-to-kristovs-paper.2325/
September 11, 2014, 11:36:20 AM
Our plan is to open a market that only accepts Darkcoin and only allows Darksend+. It means we will be the first market to be truly anonymous.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
Even if this is not a scam it looks like... What do you plan to sell if not the illegal goods?
Even the goods stay anonymous! They are send via DarkUPS+. Their delivery trucks don't have license plates.
September 11, 2014, 11:34:20 AM
https://darkdice.net/
Investment is way up and profit was -5000 DRK, now it's under -2000 DRK
look at how many DRK wagered 565,000 thats $1,654,982 in rev. from DRK coins
did you guy knowdark dice is the #1 darkcoin site in rev.?
September 11, 2014, 11:18:01 AM
1) To further clarify, the transaction does NOT instantly appear on the blockchain. If you're watching something like blockchain.info, they are running a NODE that picks up the transaction almost immediately. It doesn't get stored on the blockchain until "2)".
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
1) Great! You are right, my observation was based on blockchain.info that immediately picked up my transactions, the delay was literally less than a second. Does this mean that blockchain.info is running their own miner that picks up the transactions or is the NODE just a running wallet?
2) Makes sense, thanks!
3) Thx for the example, looks like Bitpay made an educated guess that the customer convenience economically outweighs the possible risk
September 11, 2014, 11:08:03 AM
Bitcoin 101 question here on how exactly are crypto transaction confirmed - I know the basics - that miners confirm the transactions but I am still not clear on what exactly happens:
1) Let's say I pay my chocolate milkshake using BTC. The transaction instantly appears on the blockchain (X)- is this based on information from payer, recipient or from some independent miner processing the transaction? Are the miners processing the transactions before the block is finalised?
2) After about 10 minutes the transaction is confirmed along with all transactions in the same block. Now - who exactly confirms it - is it > 50% of the network? A randomly chosen miner? A miner based on certain criteria?
3) Since blocks are 10 minutes apart... is it possible to be lucky and have the transactions confirmed in just a few seconds if it occurs at the end of the block?
1) Let's say I pay my chocolate milkshake using BTC. The transaction instantly appears on the blockchain (X)- is this based on information from payer, recipient or from some independent miner processing the transaction? Are the miners processing the transactions before the block is finalised?
2) After about 10 minutes the transaction is confirmed along with all transactions in the same block. Now - who exactly confirms it - is it > 50% of the network? A randomly chosen miner? A miner based on certain criteria?
3) Since blocks are 10 minutes apart... is it possible to be lucky and have the transactions confirmed in just a few seconds if it occurs at the end of the block?
Wrong thread perhaps?
1) The payer broadcasts it to the network, which picks it up.
2) The miner mining the block confirms it
3) Yes, 10 minutes is just the average time. It can be confirmed in 1 second or 60 minutes.
1) To further clarify, the transaction does NOT instantly appear on the blockchain. If you're watching something like blockchain.info, they are running a NODE that picks up the transaction almost immediately. It doesn't get stored on the blockchain until "2)".
2) The block finder indeed confirms it is valid before adding it to its newly minted block, but every other NODE also confirms the transaction(s) is/are valid before accepting the newly minted block in its own local blockchain. Indeed, 100% of the nodes confirm the transaction (otherwise they would reject the block and get left behind), however, the network will continue to function properly as long as a majority of the hashing power has consensus. Other nodes can go their own way and reject the TX/block (creating their own fork), but no one will care; the "mishaving" node(s) will be left behind.
3) +1 to previous reply. Additionally, the "recommended" amount of confirms is 6 (5 blocks minted after your TX was included). However, the receiver is free to do whatever they want. Bitpay for example requires 0 confirms (pay for something at Newegg for example, and you'll see it say that your payment is accepted, usually within 1-5 seconds of you hitting "Send").
September 11, 2014, 11:05:41 AM
Wrong thread perhaps?
1) The payer broadcasts it to the network, which picks it up.
2) The miner mining the block confirms it
3) Yes, 10 minutes is just the average time. It can be confirmed in 1 second or 60 minutes.
1) The payer broadcasts it to the network, which picks it up.
2) The miner mining the block confirms it
3) Yes, 10 minutes is just the average time. It can be confirmed in 1 second or 60 minutes.
Great, thank you!
The thread is not necessarily wrong - it works the same way in the DRK as well - with the exception of a shorter block time. However, I am aware of the basic nature of the questions.
RE: 1) broadcasting to the network
I had 2 different sources and one was saying that it is payer who broadcasts the transaction while the other said that both parties of the transaction broadcast it.
So thanks for clarification!
The network picks it up - this means that the network of miners chain the transaction on top of the other unconfirmed transactions, right? Does there have to be some majority consensus of miners on this one or simply first miner who gets it fires it onto the blockchain?
September 11, 2014, 10:52:32 AM
Bitcoin 101 question here on how exactly are crypto transaction confirmed - I know the basics - that miners confirm the transactions but I am still not clear on what exactly happens:
1) Let's say I pay my chocolate milkshake using BTC. The transaction instantly appears on the blockchain - is this based on information from payer, recipient or from some independent miner processing the transaction? Are the miners processing the transactions before the block is finalised?
2) After about 10 minutes the transaction is confirmed along with all transactions in the same block. Now - who exactly confirms it - is it > 50% of the network? A randomly chosen miner? A miner based on certain criteria?
3) Since blocks are 10 minutes apart... is it possible to be lucky and have the transactions confirmed in just a few seconds if it occurs at the end of the block?
1) Let's say I pay my chocolate milkshake using BTC. The transaction instantly appears on the blockchain - is this based on information from payer, recipient or from some independent miner processing the transaction? Are the miners processing the transactions before the block is finalised?
2) After about 10 minutes the transaction is confirmed along with all transactions in the same block. Now - who exactly confirms it - is it > 50% of the network? A randomly chosen miner? A miner based on certain criteria?
3) Since blocks are 10 minutes apart... is it possible to be lucky and have the transactions confirmed in just a few seconds if it occurs at the end of the block?
Wrong thread perhaps?
1) The payer broadcasts it to the network, which picks it up.
2) The miner mining the block confirms it
3) Yes, 10 minutes is just the average time. It can be confirmed in 1 second or 60 minutes.
September 11, 2014, 10:50:30 AM
Bitcoin 101 question here on how exactly are crypto transaction confirmed - I know the basics - that miners confirm the transactions but I am still not clear on what exactly happens:
1) Let's say I pay my chocolate milkshake using BTC. The transaction instantly appears on the blockchain - is this based on information from payer, recipient or from some independent miner processing the transaction? Are the miners processing the transactions before the block is finalised?
2) After about 10 minutes the transaction is confirmed along with all transactions in the same block. Now - who exactly confirms it - is it > 50% of the network? A randomly chosen miner? A miner based on certain criteria?
3) Since blocks are 10 minutes apart... is it possible to be lucky and have the transactions confirmed in just a few seconds if it occurs at the end of the block?
1) Let's say I pay my chocolate milkshake using BTC. The transaction instantly appears on the blockchain - is this based on information from payer, recipient or from some independent miner processing the transaction? Are the miners processing the transactions before the block is finalised?
2) After about 10 minutes the transaction is confirmed along with all transactions in the same block. Now - who exactly confirms it - is it > 50% of the network? A randomly chosen miner? A miner based on certain criteria?
3) Since blocks are 10 minutes apart... is it possible to be lucky and have the transactions confirmed in just a few seconds if it occurs at the end of the block?
September 11, 2014, 10:33:33 AM
Our plan is to open a market that only accepts Darkcoin and only allows Darksend+. It means we will be the first market to be truly anonymous.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
Even if this is not a scam it looks like... What do you plan to sell if not the illegal goods? Why would anyone go to DarkNet to shop for legal stuff?
I certainly would not buy a laptop from .onion website
September 11, 2014, 10:01:30 AM
Greetings Darkcoin users. A team of deep web developers are in the process of starting a project known as Darkroad.
[[the name was recently mentioned on Bitcointalk and we think it is time for us to announce the project to avoid confusion]]
Our plan is to open a market that only accepts Darkcoin and only allows Darksend+. It means we will be the first market to be truly anonymous.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
We will go live in the coming weeks. When the time comes we will announce the .onion address for users to test the beta site.
We are running this using our limited resources. We ask that users of this forum help fund our cause as we are creating the site in our free time. If you wish to declare your donation please post here what you have sent or PM me and we will over a 10% discount (the site will also sell normal goods).
The address is: XwmaAAQt654m93nt6a14QaQ7Q2taespTxy
Darkroad team.
[[the name was recently mentioned on Bitcointalk and we think it is time for us to announce the project to avoid confusion]]
Our plan is to open a market that only accepts Darkcoin and only allows Darksend+. It means we will be the first market to be truly anonymous.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
We will go live in the coming weeks. When the time comes we will announce the .onion address for users to test the beta site.
We are running this using our limited resources. We ask that users of this forum help fund our cause as we are creating the site in our free time. If you wish to declare your donation please post here what you have sent or PM me and we will over a 10% discount (the site will also sell normal goods).
The address is: XwmaAAQt654m93nt6a14QaQ7Q2taespTxy
Darkroad team.
Obvious scam is obvious. I'm sure the vendors approve of your 10% discount on any and all goods. Just donate 0.01 DRK and place an order for a kg of Columbias finest right? Not a problem for this "team with limited resources".
September 11, 2014, 09:47:23 AM
Greetings Darkcoin users. A team of deep web developers are in the process of starting a project known as Darkroad.
[[the name was recently mentioned on Bitcointalk and we think it is time for us to announce the project to avoid confusion]]
Our plan is to open a market that only accepts Darkcoin and only allows Darksend+. It means we will be the first market to be truly anonymous.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
We will go live in the coming weeks. When the time comes we will announce the .onion address for users to test the beta site.
We are running this using our limited resources. We ask that users of this forum help fund our cause as we are creating the site in our free time. If you wish to declare your donation please post here what you have sent or PM me and we will over a 10% discount (the site will also sell normal goods).
The address is: XwmaAAQt654m93nt6a14QaQ7Q2taespTxy
Darkroad team.
[[the name was recently mentioned on Bitcointalk and we think it is time for us to announce the project to avoid confusion]]
Our plan is to open a market that only accepts Darkcoin and only allows Darksend+. It means we will be the first market to be truly anonymous.
We will not sell anything criminal that is damaging to other people (no credit cards and no weapons).
We do not want to harm Darkcoin's reputation.
We will go live in the coming weeks. When the time comes we will announce the .onion address for users to test the beta site.
We are running this using our limited resources. We ask that users of this forum help fund our cause as we are creating the site in our free time. If you wish to declare your donation please post here what you have sent or PM me and we will over a 10% discount (the site will also sell normal goods).
The address is: XwmaAAQt654m93nt6a14QaQ7Q2taespTxy
Darkroad team.
September 11, 2014, 09:19:06 AM
Jump to: