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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4865. (Read 9723748 times)

legendary
Activity: 966
Merit: 1000
yes, but money laundering is and thats basically what a masternode does.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

http://en.wikipedia.org/wiki/Money_laundering

MNs are only obfuscating Darkcoin transactions, i.e. turning them into cash like transactions.
I agree. I don't plan to do anything illegal. But does this sound improbable?
A terrorist organization gets paid in DRK (They accept BTC now...) the transaction was somehow associated with a masternode. This node is associated with you. There's a knock on the door...

A terrorist comes into your shop and buys a sandwich. OMG you have aided a terrorist, the guvthugs will come for you!

Funny isn't it that nobody is worried about the 'actual' terrorists, but everyone is terrified of being fucked over by their own government.

STOP LIVING IN FEAR AND FIGHT THESE FUCKERS EVERY CHANCE YOU GET
newbie
Activity: 5
Merit: 0
yes, but money laundering is and thats basically what a masternode does.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

http://en.wikipedia.org/wiki/Money_laundering

MNs are only obfuscating Darkcoin transactions, i.e. turning them into cash like transactions.
I agree. I don't plan to do anything illegal. But does this sound improbable?
A terrorist organization gets paid in DRK (They accept BTC now...) the transaction was somehow associated with a masternode. This node is associated with you. There's a knock on the door...
ImI
legendary
Activity: 1946
Merit: 1019

yes, maybe you are right. nevertheless it will be very interesting to see if and how GOVs are going to react against annon-cryptos.

but as i see it thats a long way down the road and masternodes could very well be hosted not at amazon etc but some safer place.
legendary
Activity: 984
Merit: 1000
yes, but money laundering is and thats basically what a masternode does.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

http://en.wikipedia.org/wiki/Money_laundering

MNs are only obfuscating Darkcoin transactions, i.e. turning them into cash like transactions.
ImI
legendary
Activity: 1946
Merit: 1019
I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...

Am I just being paranoid?


IMO as long as Darkcoin is mainly still underground and not a widely known Crypto thats not an issue. Gov is far behind imo in terms of legislation etc.

Nevertheless i had those thoughts too.



Privacy is not illegal!

yes, but money laundering is and thats basically what a masternode does.
hero member
Activity: 560
Merit: 500
Talk about timing, LOL, just sat down and refreshed my browser and saw this Cheesy

https://darkcointalk.org/threads/development-updates-july-7th.1735/

Thanks Evan!

+101





Very elegant. Master node passes denominated coins to one or more master nodes in series.

Thats Kick-ass.

Masternode passes denominated coins back to client on random addresses,  client passes them from random addresses to a 2nd Masternode.

bump
hero member
Activity: 560
Merit: 500
I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...

Am I just being paranoid?


IMO as long as Darkcoin is mainly still underground and not a widely known Crypto thats not an issue. Gov is far behind imo in terms of legislation etc.

Nevertheless i had those thoughts too.



Privacy is not illegal!

and tax on earnings through mining or masternodes varies according to where you live. The IRS will go after you if you are caught not declaring income.
hero member
Activity: 560
Merit: 500
Crazy theres 600 masternodes now. Thats a lot of coins being held long term.

Not only held but actually doing something useful.

The lifting of the darksend limit means people will also understand masternodes a little better.
If everyone is using darksend the need to reward the nodes is a lot more evident.
ImI
legendary
Activity: 1946
Merit: 1019
I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...

Am I just being paranoid?


IMO as long as Darkcoin is mainly still underground and not a widely known Crypto thats not an issue. Gov is far behind imo in terms of legislation etc.

Nevertheless i had those thoughts too.

sr. member
Activity: 294
Merit: 250
Has anyone come up with the idea of making masternodes into shares? Would it work?

So say i wanted to host a masternode and receive the 20% ROI, but i only have say 10% of required amount of dark to host one (100drk).

Would it be possible to set up a sort of market place to buy shares in a masternode and receive "dividends"? Or some sort of group investment maybe?
newbie
Activity: 5
Merit: 0
I'm about to set up a masternode and wanted to ask the guys that do have one:
How do you decouple yourself from your masternode?
My thought were that if the government finds out you have one, the IRS might be interested. They might even accuse you of money laundering or supporting El Qaeda...

Am I just being paranoid?
full member
Activity: 196
Merit: 100
Crazy theres 600 masternodes now. Thats a lot of coins being held long term.
legendary
Activity: 1092
Merit: 1000
Hi long time lurker first time poster! I am new to the Darkcoin community via BTC. I have acquired the 1000 DRK required to set up a masternode and would wish to do so. Not very computer savvy so any help would be appreciated. I am happy to be a part of this coin which I believe is on the right track to greatness!

Tao

You'll find the best help at darkcointalk

https://darkcointalk.org/threads/how-to-set-up-ec2-t1-micro-ubuntu-for-masternode-part-1-3.240/

Can we PLEASE stop referring people to set up a AMAZON node !!

There are plenty of other VPS providers and generic linux guides

Here is one for instance:

http://planetcrypton.com/hardened-server

http://planetcrypton.com/install-darkcoin-daemon

edit:
Also here is a good list for VPS providers
http://www.exoticvps.com/

+1

I dont necessarily recommend Amazon, but the whole point of Masternodes is the more, the merrier. I've also done DigiOcean, VULTR, Florkinet and others I can't remember the name. The bigger the DRK PoS, and the quicker and stronger price-feedback loop.

 Amazon does have numerous regions (data centers) spread out in the world that are totally independent from each other. If the NSA wants to pound on DRK, they'd get their own node up in no time up at all, or hack mainframes, or subpoena much smaller companies than Amazon. Heck Digital Ocean is Microsoft and they alone have 25% of the MN network.

But sure enough you're right. The more distributed the better. Problem is, for the amateur seeking help in services and tutorials, nothing comes close to Amazon in terms of cost, ease of set-up and management and easy-to-maintain-your-self security features with alert etc.

Certainly other VPS have do the "same" features, but in my case, what I do is not just set-up a node and job done, I follow the investor all the way through it and make sure he get it, explaining every detail on how to keep his server healthy, safe and locked down, how monitor the network,  and how to manage, backup and keep his coins safe... That is much more important than the choice of VPS provider and following any given tutorial.

I totally agree with you Icebucket, but I think this is more like the hashrate 51% attack boogie-man. There is no incentive really. Nodes hold no personal info, and with Darksend+ , not even collecting years of tx crumbles would they figure out the parties (from what I gathered about it so far).

Other than that, it would take a court-order to take down the network through VPS provider, or a targetted DDoS, and for that, you just need to download the client and run

"darkcoind masternode list"
hero member
Activity: 560
Merit: 500
Need to get the new diagram in the first post..
full member
Activity: 224
Merit: 100
July 31 is as late July as you can get.  Wink

You're missing the point here imho. If it says late July, spread late July. If it says July 31st, spread July 31st.
member
Activity: 73
Merit: 10
Stop quoting that July 31st guy. It's never been stated that way!

from https://darkcointalk.org/threads/development-updates-july-7th.1735/

"Development on the Darksend+ is ongoing and we’re on target for a late July release."

July 31 is as late July as you can get.  Wink
full member
Activity: 224
Merit: 100
Stop quoting that July 31st guy. It's never been stated that way!
legendary
Activity: 966
Merit: 1000
Not as upset as I am about that bloody Chinese multipool not paying out to MNs and dumping for LTC.

They will get what they deserve, selling DRK for LTC is staggeringly, colossally, mindbogglingly stupid.  Grin
legendary
Activity: 1456
Merit: 1000
Talk about timing, LOL, just sat down and refreshed my browser and saw this Cheesy

https://darkcointalk.org/threads/development-updates-july-7th.1735/

Thanks Evan!

+101





Very elegant. Master node passes denominated coins to one or more master nodes in series.

Thats Kick-ass.

Masternode passes denominated coins back to client on random addresses,  client passes them from random addresses to a 2nd Masternode.

Nice~ That is the so-called innovation Grin

Looks pretty good to me.

Tumbling, tumbling, lost track, send.
legendary
Activity: 1456
Merit: 1000
Those Ltc boys seem a tad upset with the falling Ltc value. But seriously, Ltc has no real tech advantage over Btc. Time to abandon ship. Anonymity is going to be important in the future.

Not as upset as I am about that bloody Chinese multipool not paying out to MNs and dumping for LTC.
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