Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4171. (Read 9723768 times)

I'm thinking about opening the source at release of RC5. I've actually been having various close friends of mine look at the source and no one sees anything seriously wrong with it besides some organizational issues (which I'm working on now). I believe we're ready to go.

Well as fate would have it, I didn't dream about this at all...

It seems to me that the distribution of masternode public keys is probably not very uniform, and therefore a (pseudo) random matching based on block hashes could result in rather uneven payments? It may be possible to mitigate this, though not 100% sure. Perhaps some additional variables in the matching algorithm could help. If it can be structured in a way to get a reasonably normal distribution, then it's actually rather elegant.
One other consideration is that it'd still be highly probable that producing an output not matching any MNs is possible. Do we just say "too bad" for those ineligible blocks?

I was originally opposed to a quick open source as well but then I started to think about the kinds of overhauls new and existing coins would need to do in order to use DRK as a basis for their coins and I believe it will be challenging at best. The one concern I thought about was having a POS coin adopt it and then use all the wallets as masternodes but then it goes back to the idea of why masternodes require a 1000 DRK to begin with (to prohibit parties from setting up enough nodes to deanonymize transactions). Even if you were to take an open source DRK and try to do a fair launch to get past the instamine issue that has plagued DRK for months now, it would still need plenty of revising as you can't expect to generate enough coins for both setting up as extensive of a masternode network as there currently is and have enough coins in circulation. There have been enough growing pains in DRK to last a lifetime but with RC4 out there, it appears the worse is behind us.

I was never fortunate enough to be apart of the BTC start only hearing about it when it was $15/coin or so and thinking it was the beginning scheme ever. Only waiting months and researching more about it did I feel it was a viable idea. The biggest thing missing to BTC is privacy (also faster confirms for real world usage) and I feel DRK can fill that missing void. That's why I'm not going to fret too much about whether I can get coins at $1.50, $2.5, $5, $10, etc because at the end of the day, if the project is successful and it does fill that void, the market cap will be significantly higher. It's all about the bigger picture. Sure, it sucks seeing unrealized gains plummet (or for some turn into losses), but I also don't want to risk trading out of my coins for what most traders would consider excellent gains only to be left standing there on some piece of news or feature that causes a fury of buying activity. BTC also had similar price moves. I don't think the people that took profit sub-$100 felt great when BTC rallied above $1000. Sure, they probably made great gains and had it in their head to buy a pullback but there was a point when the pullback didn't happen and prices went parabolic. Anything can happen with crypto, it's still very much in its infancy. I'm glad I can be part of a project I do believe in and clearly others believe in with the rising masternode count (808+ out of a possible 4600 given the current supply).

Well Evan has started annotating in jira for open source so that's definitely on the cards.

I used to be opposed to it but one advantage to this taking a while is despite the plethora of anon type coins is that dark still stands out from the saturation.
There is less of an issue now with a copy cat. As they'll just join the others clamouring no I'm anon no me.

With open source more devs can get on board and it truly becomes decentralised.
And hopefully more can be done concurrently. Particulalry if the masternodes are going to function as a platform for further services.

And for tinfoil hat wearers it means they don't have to trust the dev team they can check for any backdoors themselves.

The fact that we're closed source is a huge (temporary) weakness. No one will seriously consider using Darkcoin until we go open source. That's why we're putting off marketing until then.

Well at least according to crypto market ...

They don't?

People do not care about close source !

I think the idea is when it's ready for the wider public as opposed to the cryptoliterate - ie. RC5 and opensource.

It's had Wired articles etc. No reason why it won't have more.

 

Yea, but LTC si open source .
Yes the hype is over now. After open source the real investors will come to the darkbank

I don't understand why you people saying we will start marketing after RC5. Any reason we can't start it now?

Slow and steady uptrend will do just fine for me.

And I agree with the adoption being vital. Hype shmype. 

So!
According to http://coinmarketcap.com/currencies/views/all/
2    Litecoin  LTC    $ 165,926,555 $ 5.26
8    Darkcoin DRK    $ 11,336,589  $ 2.46

All DRK need is multiple the current price by 14,63637386871836 times
So 1 DRK = $36,005+ $0,001 to become #2
So 1 DRK = BTC0,0708969183814118

I don`t know how much time we need to obtain this BUT with open source, RC5 and comming mass info spreading marketing etc we can do it, all depend how strong hands we have and @ what price ppl start mass dumping again.
Saying this when MasterNet (darktor) will go live I don`t think we will be under BTC0,1
Time, development, testing, marketing, time, development, testing, marketing etc thats how the things should work.
btw. there will be much manipulation during all the way to darkbank, so don`t be eaten by the whale.

I think we're setting ourselves up for more disappointment by predicting price jumps after RC5. The hype is over. The only way we will grow is through adoption and actual use. That means slow growth, but consequently real growth, not just speculative bubbles as we've experienced in the past and other coins continue to experience. We need to break through the pump and dump paradigm. RC5 will hopefully allow for us to begin that process.

Sooooo....let me see, are you saying:


...that we will travel all the way up to 0.045 i.e. approx 10 times from where we're at now (0.00487829 on MP as I write this) and then, based on RC5 and/or potential developments you're not expecting the price to drop below 0.045 (i.e. 10 x current), although it will continue to experience fluctuation (which, I guess means it will have to go substantially higher than 0.045 in order for there to be enough room for the fluctuations without it coming back down below 0.045....)?

Or

Do you actually mean 0.0045 (i.e. approx where it's at now) in which case you're saying that you don't see why it would have to drop back below the current levels?

I'm guessing it's the second of these two scenarios?

(I really wish people would take more care with the placement of the decimal point when they're writing about prices!)

Nobody trust close source . RC5 and the open source is going to be the start of the race !

Well because the price is relatively stable and will actually be growing providing the dumper stops.
And in my opinion is way undervalued.

So it still presents an opportunity at these prices.

http://cryptomen.com/2014/08/cryptomen-weekly-report-2-august-18-2014/

Ah that is quite fine when it comes to the price. I can't see why any new money will come in without this so us holders should ignore the charts for a bit.

Any chart witchdoctors around?

Could you throw the bones?
 
4 hour chart looking good to me but my voodoo skills are elsewhere.