[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5046.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: baddw on June 26, 2014, 02:05:42 PM

The PoS mechanism in NXT may be better (I have not seen any real details of it),

It is. It disables the staking ability of any holder that isn't actively generating blocks.

https://bitcointalksearch.org/topic/transparent-mining-or-what-makes-nxt-a-2nd-generation-currency-364218

http://prisonorfreedom.com/what-is-transparent-forging-in-nextcoin-nxt/

Sorry, I'm going to get wrapped on the knuckles now for spamming the thread with "foreign coin" off-topic subjects, so to save my meak bones I'll stop there, however I simply had to challenge this assertion of "fundamentally flawed" re. POS technologies and 51%ing which has come a long way since Peercoin.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: coins101 on June 25, 2014, 04:55:58 PM

Quote from: thelonecrouton on June 25, 2014, 04:24:01 PM

Sorry guys but the FUDge packers have converted me, I'm now lead designer for loljosh and the rest of the shitcoin team, here is our latest development, weep ye silly Darkcoin victims!

The monero team have already offered me 10 million XMR and a for teh GUI source codez.

edit: now Shitcoin is completely anonymous with SEWERSEND! We promise!

When is launch date?

When will ScamSend feature be available?

Please include a few hidden blocks for secret stash of 10bn coins.

update on launch date?

chaeplin

sr. member

Activity: 294

Merit: 250

Masternode status updated :

http://drk.poolhash.org/masternode.html ( or http://drk.poolhash.org/darksend.html )

+

http://drk.poolhash.org/mnode.html

= merged to http://drk.poolhash.org/masternode.html

(Do not open at mobile browser.. hell of data...)

dstorm

sr. member

Activity: 252

Merit: 250

Quote from: dstorm on June 26, 2014, 10:21:25 AM

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Down price is peanut sales!!

ddink7

legendary

Activity: 1120

Merit: 1000

Quote from: toknormal on June 26, 2014, 01:40:12 PM

Quote from: baddw on June 26, 2014, 12:54:45 PM

This is a fundamental problem with PoS, and is why Peercoin incorporates both PoW and centralized checkpointing. Sunny King is not a stupid guy, he knows that PoS has a big flaw or else he would have implemented pure PoS for Peercoin

I've heard this argument quoted many times.

I don't agree with the idea that there's a "fundamental problem" with POS. I think there are more fundamental problems with POW.

I also think that POS is a far more elegant and modern approach to crypto currencies, being that it more closely represents the idea of "tokenised" wealth than POW does. POW kind of panders to the false premise that a store of wealth has to have "done something to deserve its value". In fact it doesn't and that's a highly flawed analysis of the definition of money in itself.

The fact that you can potentially take control of it by owning more than half the money supply doesn't impress me either as a criticism. In the modern world, you can take control of just about anything by owning more than half of it and as I said before, these are hypothetical scenarios anyway, not practical ones.

So all in all, I see POW as being obsolete. I'm into DRK for other reasons - I don't mind the fact that it's POW - I don't have any problem with that. Bitcoin itself is a POW algo, but if we're comparing "investability" issues based on algo alone, give me POS any day.

Again, the problem isn't that you can take control by owning more than half the money supply. The problem is that the threat of taking control (if credible) is by itself enough to destroy the value of the currency. Creating a credible threat is easier in POS (since it only requires a large amount of money) than it is in POW (since it requires a large amount of scarce hardware to be assembled secretly and come online at exactly the same time).

baddw

hero member

Activity: 700

Merit: 500

Quote from: toknormal on June 26, 2014, 01:40:12 PM

Quote from: baddw on June 26, 2014, 12:54:45 PM

This is a fundamental problem with PoS, and is why Peercoin incorporates both PoW and centralized checkpointing. Sunny King is not a stupid guy, he knows that PoS has a big flaw or else he would have implemented pure PoS for Peercoin

I've heard this argument quoted many times.

I don't agree with the idea that there's a "fundamental problem" with POS. I think there are more fundamental problems with POW.

I also think that POS is a far more elegant and modern approach to crypto currencies, being that it more closely represents the idea of "tokenised" wealth than POW does. POW kind of panders to the false premise that a store of wealth has to have "done something to deserve its value". In fact it doesn't and that's a highly flawed analysis of the definition of money in itself.

The fact that you can potentially take control of it by owning more than half the money supply doesn't impress me either as a criticism. In the modern world, you can take control of just about anything by owning more than half of it and as I said before, these are hypothetical scenarios anyway, not practical ones.

So all in all, I see POW as being obsolete. I'm into DRK for other reasons - I don't mind the fact that it's POW - I don't have any problem with that. Bitcoin itself is a POW algo, but if we're comparing "investability" issues based on algo alone, give me POS any day.

I'm not saying it's a problem with PoS as an idea, in general; but it is a problem with PoS as currently implemented by Peercoin and all of its copycats (pretty much any copycoin with a QT interface and not too much original development). The PoS mechanism in NXT may be better (I have not seen any real details of it), and maybe somebody else has a solution implemented somewhere that I have not read about. I know that Daniel Larimer (who is a very smart guy) who is developing BitShares, had problems creating a PoS system from scratch. He kept running into all of these issues, came up with a system called "TaPoS" (Transaction as Proof of Stake) and ended up morphing into a PoS system called DPoS that implements a Delegate system with some similarities to the MasterNodes of Darkcoin. We will see how that system turns out. But all Peercoin-derived PoS implementations are flawed in several ways, this being a major one.

eltito

full member

Activity: 322

Merit: 105

Quote from: crackfoo on June 26, 2014, 01:12:28 PM

Quote from: GhostPlayer on June 26, 2014, 01:10:16 PM

Pool that HAVE NOT UPDATED !! Shocked

LTCRabbit
Coinotron
Coinmine.pl
XHash.net
Multipool.us
Coinmine.pw

Boooooooo!!!! Tongue

.. I dont mind about LTCRabbit and Multipool.us, as they pay in LTC and BTC respectively.

perhaps the OP can be updated with a proper list of pools? Adding my DRK paying multipool too of course www.xpool.ca

Cheers

That'd make the OP 3 pages long...

I have a list here: https://darkcointalk.org/threads/pools-exchanges-etc.1456/#post-10137

Please PM me on darkcointalk if there are any missing.

rickraw

sr. member

Activity: 387

Merit: 250

Quote from: GhostPlayer on June 26, 2014, 01:54:27 PM

If US Marshall used Darkcoin, this would be a non issue Grin

http://www.coindesk.com/government-sale-bitcoin-establishes-fungibility-precedent/

I was just actually thinking, those coins are going to be followed and 'kept an eye on' forever!

GhostPlayer

legendary

Activity: 1092

Merit: 1000

If US Marshall used Darkcoin, this would be a non issue Grin

http://www.coindesk.com/government-sale-bitcoin-establishes-fungibility-precedent/

salmion

hero member

Activity: 560

Merit: 500

Quote from: abercrombie on June 26, 2014, 01:44:26 PM

Quote from: GaliX on June 26, 2014, 01:26:47 PM

why is the volume so low and on top even the value decreasing currently?

Seems like there are too many bag holders from previous runups selling at every spike just to break even or cut their losses.

I'd say give it time. The spork is less dramatic.. I think the HARD FORK! SUCCESS!! Is like a big tick in some ways. I'm all for the spork but some will be waiting to see if any issues pop up. The enforcement needs to be turned on. And ideally more details of the new anonymity layer. And the lifting of the 10 drk limit. I do think it will drift higher as it becomes evident that :

RC3 is WORKING!!

slapper

legendary

Activity: 1946

Merit: 1100

Leading Crypto Sports Betting & Casino Platform

Quote from: abercrombie on June 26, 2014, 01:44:26 PM

Quote from: GaliX on June 26, 2014, 01:26:47 PM

why is the volume so low and on top even the value decreasing currently?

Seems like there are too many bag holders from previous runups selling at every spike just to break even or cut their losses.

Or traders from the BTC-E trollbox thinking too much about themselves. Where is Mike3 when you need them.

Quote

abercrombie:
sold on strength of just posted drk rc4 announcement
6/26/2014 1:21:11 PM
0

abercrombie:
sold all my drk from yesterday. i'm all cash (btc)

GhostPlayer

legendary

Activity: 1092

Merit: 1000

Quote from: abercrombie on June 26, 2014, 01:44:26 PM

Quote from: GaliX on June 26, 2014, 01:26:47 PM

why is the volume so low and on top even the value decreasing currently?

Seems like there are too many bag holders from previous runups selling at every spike just to break even or cut their losses.

Which is natural. Many guys are in for instant profit. DRK resilience is proof of long term Wink

Remember, there was no announcement date this time. Heck, I went to bed 10 mins before the "spork"

abercrombie

legendary

Activity: 1159

Merit: 1001

Quote from: GaliX on June 26, 2014, 01:26:47 PM

why is the volume so low and on top even the value decreasing currently?

Seems like there are too many bag holders from previous runups selling at every spike just to break even or cut their losses.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: baddw on June 26, 2014, 12:54:45 PM

This is a fundamental problem with PoS, and is why Peercoin incorporates both PoW and centralized checkpointing. Sunny King is not a stupid guy, he knows that PoS has a big flaw or else he would have implemented pure PoS for Peercoin

I've heard this argument quoted many times.

I don't agree with the idea that there's a "fundamental problem" with POS. I think there are more fundamental problems with POW.

I also think that POS is a far more elegant and modern approach to crypto currencies, being that it more closely represents the idea of "tokenised" wealth than POW does. POW kind of panders to the false premise that a store of wealth has to have "done something to deserve its value". In fact it doesn't and that's a highly flawed analysis of the definition of money in itself.

The fact that you can potentially take control of it by owning more than half the money supply doesn't impress me either as a criticism. In the modern world, you can take control of just about anything by owning more than half of it and as I said before, these are hypothetical scenarios anyway, not practical ones.

So all in all, I see POW as being obsolete. I'm into DRK for other reasons - I don't mind the fact that it's POW - I don't have any problem with that. Bitcoin itself is a POW algo, but if we're comparing "investability" issues based on algo alone, give me POS any day.

TsuyokuNaritai

hero member

Activity: 574

Merit: 500

Quote from: flound1129 on June 26, 2014, 01:38:02 PM

Multipool has been updated. Some advance notice next time would be great.

It's OK, it wasn't a hard fork. Nothing bad happened from not updating yet, your blocks still got paid.

flound1129

hero member

Activity: 938

Merit: 1000

www.multipool.us

Multipool has been updated. Some advance notice next time would be great.

tifozi

hero member

Activity: 742

Merit: 501

Quote from: ?? on ??

Quote from: tifozi on June 26, 2014, 12:50:40 PM

Quote from: eduffield on June 26, 2014, 12:41:08 PM

RC4 Development and Path Going Forward

https://darkcointalk.org/threads/rc4-development-and-path-going-forward.1604/

Quote

With this launch, we introduced a new soft-fork method, which some users have affectionately dubbed the “spork”

Haha, whoever "coined" this term, bravo Grin

love this name "spork"

looks like market could not classify the spork and waited for the news

I also got two payments on one of my masternodes, gonna get some junkfood and beer from that today Grin

cheers

Cheers. Enjoy Grin

yellowcox

newbie

Activity: 8

Merit: 0

Hey!

First payment for my masternode!!!

Evan rocks

Edit: The team rocks!

Freckleg

hero member

Activity: 508

Merit: 500

Quote from: ?? on ??

Quote from: tifozi on June 26, 2014, 12:50:40 PM

Quote from: eduffield on June 26, 2014, 12:41:08 PM

RC4 Development and Path Going Forward

https://darkcointalk.org/threads/rc4-development-and-path-going-forward.1604/

Quote

With this launch, we introduced a new soft-fork method, which some users have affectionately dubbed the “spork”

Haha, whoever "coined" this term, bravo Grin

love this name "spork"

looks like market could not classify the spork and waited for the news

I also got two payments on one of my masternodes, gonna get some junkfood and beer from that today Grin

cheers

Save it for something healthy like... Champagne!

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5046. (Read 9723858 times)