Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4575. (Read 9723748 times)

No coins are lost but it's fairly involved to set up. What happens is that you essentially specify an address where the coins are kept and they can't leave that address as long as you intend to operate the node.

sorry this must been answered many times  I try to read it all but this tread so big what can I do with a masternode? I will buy some more drk and will get above 1000drk how en why should I take a masternode ? Do I lose my coins? Or cant I touch them? whats the deal..? 

Thanks!

So they don't care about privacy of their users financial transactions, and don't mind letting the Litecoin users reveal their exact identity on the inter web?

Ahahaha, coins101 that was masterful!  

Now, while I was missing all that fun, along with Evan's announcement doubling+ the underlying fundamental value of Darkcoin, I have upgraded my Masternode Management Suite with several important features.

1. Background pictures of hot readheads are now user selectable
2. It can converse with a running instance of darkcoind as well as felch informations from the blockchain

Have a hundred wallet addresses or masternodes and want an easy way of checking your wealth and breaking your nodes by buggering about with them with dodgy software you got for nowt from some weirdo bloke in the intertubes?

I present croutons continuing comedy cataclysm in coding:

Yes, but if it is sooooo important why doesn't Litecoin hide IP addresses?

BTW, because of Kristov Atlas's comment on one of his last youtubes, I started reading Atlas Shrugs (did Kristov change his name due to this?)  Anyway, it's kept me up last week, way too many nights LOL.  I've read Ayn Rand, but never this book.  I don't agree with her 100%, but this book is fun, and makes a point.  A bit of a blunt point, but that's ok

So, um, book recommendation.  Atlas Shrugged.  Oh, combine that with that video someone posted (Post again?) of where money comes from.  It's enough to really shove a person to the libertarian side, LOL.  You guys are so stimulating!

I'm soo stupid
His account wasn't hacked hehe

The price!



https://bitcointalksearch.org/topic/darkcoin-unofficial-strategic-development-of-ecash-579976

Are you shitting me?

Litecoin is Nr.2 to Bitcoin. Bitcoin is brand leader, the gold standard, first out of the gate with that first mover advantage thing going on.

So WTF has Litecoin got to offer now we're getting mixing out of the box, and IP Obfuscation? Nothing. Nada. Zero, Zilch, Zip.

It's been a long wait, but it's worth it.

*IP obfuscation 12 May 2014
https://bitcointalksearch.org/topic/m.6694377

So now, those that have been lurking and were afraid to ask why IP Obfuscation is soooooooooo important on the inter web, you've got your answer.

CCMF

~ DRK Fanboy

I think there is sufficient room for interpretation around this aspect to make the regulations unhelpful.

The section that is relevant is

section 200.2

(n) Virtual Currency Business Activity means the conduct of any one of the following types of activities
involving New York or a New York Resident:

(1) receiving Virtual Currency for transmission or transmitting the same;
(2) securing, storing, holding, or maintaining custody or control of Virtual Currency on behalf of others;
(3) buying and selling Virtual Currency as a customer business;
(4) performing retail conversion services, including the conversion or exchange of Fiat Currency or
other value into Virtual Currency, the conversion or exchange of Virtual Currency into Fiat Currency or other
value, or the conversion or exchange of one form of Virtual Currency into another form of Virtual Currency; or
(5) controlling, administering, or issuing a Virtual Currency.

If the creators or the administrators carry out their 'conduct' in New York or involve a NY resident, then it is clear cut that issuing or administrating code, e.g. uploading crypto code to github for distribution, would require registration as a business.

The difficulties are:

1. What is the business that a coin issuer or administrator conducts, especially if they do their work for free?
2. Do individual volunteers have to register as individual businesses?
3. What if you issue a coin in Japan, yet someone living in NY contributes a few lines of code?

What is very unclear is whether someone living in Arizona would be considered as requiring registration in NY as a business if someone in NY acting as a consumer simply uses a currency. I doubt it.  Terms of reference in this section talk of 'conduct' i.e. carrying out activity relative to 'controlling, administering or issuing.'

Regulatory licences for any type of existing activities typically target a control test. They try to make businesses disclose sufficient information to identify those who ultimately might indirectly control a business, e.g significant shareholders (who may not be employees or officers; they may be acting through other businesses or from overseas).

Those that release a coin or contribute code to it might be consider as having some control. That remains true until a coin becomes sufficiently decentralised that new code releases could be forked and rejected by a sufficient number of clients.

How does this impact on DRK? It doesn't. It might if these regulations were adopted by Arizona or by the Federal government.

Is Satoshi under threat? Not likely. He doesn't control Bitcoin. However, if the regulations extended their definition of control to include those with a significant holding of a virtual currency, that could be challenged in the courts, but it is sufficiently grey that it could go either way.

Do significant holders of the global gold or diamond reserves have to disclose who they are? If someone accumulated significant cash and stored it under their house, would they need to disclose themselves?

With Darkcoin going anon, how can anyone prove how much eCash a DRK holder has? They can't. Whereas with Bitcoin they can. That is a good enough reason to go DRK as a hedge as anyone with any significant amounts of Bitcoin or Litecoin really needs.

Like I said before:

* You sold your eCash, when you should have hodl your eCash. ha ha.

* To da moon.

Litecoin is old money. They don't go away just like that. If Darkcoin were a finished product 2-3 months ago, Litecoin would have been toppled by now. Unfortunately people took advantage of the very few negative points Darkcoin had and came up with all the *Send/Pseudonomous coins to split up the market in the interim.