Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5209. (Read 9723768 times)

Thanks a bunch! Time to read up and register on the DRK forums 

This is a great place to start: https://darkcointalk.org/forums/master-nodes.47/

I think we'll avoid random forking this time as it has been tested extensively on testnet for ~20 days under various scenarios, with multiple bugs fixed.

From what I understand some minor bugs / non-gamestopping issues seem to remain though, which should be fixed in next forks (rc4/rc5+). After all it still remains a complex affair as it introduces a new layer of consensus that the BTC protocol wasn't designed to support.

The price before the prior fork was like 0.025 or something so it's already much lower right now - it can't get much cheaper. The primary buying force behind the coin seems to be on "cautious stand-by" after the fork issues, sweeping low-cost coins when the opportunity presents itself by panic sellers, cost averaging his position to lower levels and price-correcting the coin to preserve its high coinmarketcap position which, in itself, took the coin to another level in terms of media exposure, market acceptance etc. The "pumper" did a great job in how he used coinmarketcap to boost the coin.

At the same time, this same buyer probably initiated the XC pump as well as a diversification option. The volume and buying power were almost the same level and that was not by coincidence. With the info we had at the start XC seemed like a nice addition / a nice prospect but the dev took the wrong course with trusted transactions, effectively undoing what the Bitcoin protocol does (trustless transactions). It's kind of salvage operation there, investment wise.

It's interesting how so many "anonymous" coins have been presented so far (based on bitcoin-blockchain) and yet despite the credentials or ideas of the devs, which in some cases are marketed as better than DRK's, it's still a load of crap in terms of tech. Central mixers, exchange laundering (lol), coin-forwarding from wallet-to-wallet, I mean you can't make this stuff up. And half of them (or more) are scamcoins - with some even being criminal coins, like honorcoin which used people's credentials to rob them off their exchange accounts.

Anyway, let's see how it works out with the fork and move on with improving the "core business" part (anonymity).


If you pay 25% more, you've lost the annual ROI (supposing a large number of nodes are operational).

What entails in setting up/operating a masternode? I have only read bits n pieces so far but it sounds like something I could get into 

Considering miners will start getting paid, it's a tuff choice.

Wait and make sure things work at the expensive of possibly paying 25% more?  

Buy now while prices are relatively affordable and just risk it.

One interesting thing that might affect the price somewhat after the 20th... due to a bug (now fixed in new code) that caused masternodes to still look as if they were there when they should have been removed from the list, there are a lot less masternodes than thought, which means they'll be a lot more profitable than expected, which means there'll be a lot more demand for more darkcoin for more masternodes.

Edit: From Tuesday:

The fork is a good thing, the price should go up. Especially afterwards if all goes well, which it should do this time. *crosses fingers* There's certainly been plenty of good testing talent thrown at it and the recent outlook is positive.

Started up my Masternode today!

I have to say that I'm very impressed with the testing and support taking place over at darkcointalk.org. Would strongly recommend any other node operators run on testnet for a few days before moving over to mainnet - was nice to get a feel for the mechanics of how the local / remote config works.

Very optimistic about June 20th and beyond

Lol, thanks for warning me.

Most other coins just have thread full of people wondering why their coin is worthless, or spinning conspiracies about how someone is keeping their coin down on purpose. You know, because it takes a conspiracy to keep a shitcoin's value down.

+1

DRK threads are active with content and it's usually business as usual (dev talk, new ideas, release info etc). Not many other coin threads can claim that!

Stop trolling. DRK is great, and the development team is awesome compared to what most coins have.

Hi Tante,

I agree about your idea about a trustless system for this. I saw an opportunity to leverage my experience and Trust Rating to set up as a trusted community hub for partial and full MasterNodes, which is why I'm happy to be here.

If this works out and there's a market for liquid MasterNode partial stakes, I'd be willing to work with someone that already has an exchange system set up so that stake ownerships can be safely traded without any human involved. I think we'll get there, and this service will help the community see that there's a need to set up a trustless system for trading MN ownerships.

At this point: since the community only has us two guys (thomas_s & I) at this point, we'd rather not be having to manually log and track down tons of stake buyouts among community members even if we get a 3% cut from the ownership changes.

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BTW, my Darkcoin Talk forum account password change method doesn't work (yields a screen with no typeable fields) else I would've been back to hang out and ask questions directed to the Dev/Test team. Been too busy to chase an admin down.

Looking stable so far.

It's great we have people pooling for masternodes.  I hope some day we can do it with a system so trust isn't' involved, but it's great that trusted members are willing to do this for everyone!  

Mr. President, I'm having trouble getting on darkcoindtalk, so I'm going to quickly put my comments down here in case they're helpful.  This is for chaeplin's Masternode setup guide :

How dumbed down do you want to make this?  LOL.  If you want to make it easier for a newb like I was/am back 5 months ago, there are a few things that would help:

1.  Explain that EOF means End of File, LOL, it messes things up if you include it in your file)
2.  When rebooting the instance after setting the iptables rules, sometimes you can't log back into your Amazon instance.  Because of that, I didn't upgrade the distribution for a long time.  Then I discovered that if you reboot on the EC2 instance management page on the website, you'll be able to log back in.
3.  at step 9, until the source for the masternodes is available, you need to just download the compiled version, so maybe that should be noted.  Just cd /usr/bin and do sudo wget http://www.darkcoin.io/downloads/rc/darkcoind  then  sudo chmod +x darkcoind and finally go back to home directory cd /home/ubuntu.
4.  On one machine I need to use darkcoind -daemon or else I don't get my prompt back, might be nice to list that trick.
5.  we now need other info for darkcoin.conf files IF you want to run your masternode with the 1000 coins inside it:
masternodeprivkey=to get this, set masternode=0, run darkcoind and run command: darkcoind getmasternodekey
masternode=1 or 0, depending on if it's on or off
addnode=23.23.186.131:9999

Got to go, have a great day everyone!  Will be back later

Heh, thank you for the vote of confidence. I'm definitely a proponent of the Dale Carnegie school of thought

I am most definitely humbled by the responsibility you all entrust with me and my small team, and proud to be the first to offer these services to my fellow Darkcoin fans.

I wasn't around for it back then: but I imagine this is what it felt like to be involved in Bitcoin in late 2011 or 2012.

However, unlike Bitcoin miners in circa 2013-2014: I'm so glad that we're not waiting for some ASIC tapeout for a Bitcoin or Scrypt miner, and that unlike a Bitcoin/Scrypt miner, a Darkcoin MasterNode doesn't trend downwards in value by double digit percentages every month.

I am happy to confirm that my share DZ received today.

Guys dont miss this opportunity, DZ is great busy guy who really for few peanuts,
offering a system where less then 1k DRK holders becoming part of big MN family.

Thank you DZ for this great opportunity, I transferred you all of my DRKs with a smile

Howdy, howdy.

I've stayed out of this thread so far since I was still establishing my new MasterNode service, but if you hadn't heard: I'm offering free setup services for community owned nodes in the alt marketplace forum. I've been a cryptominer seller since last July, and founded a large Bitcoin miner's cooperative on the Group Buys forum where I've handled well over 1000BTC of the community's funds without major incident. I was entrusted with these Bitcoin funds to get volume pricing for those involved.

It normally takes 1000DRK to establish a MasterNode, which I'm sure isn't news to you. I'm the first forum vetted IT Network Professional who is offering setup services, management, and partial stakes of either 100DRK (10%) or 250DRK (25%). I was originally vetted by John K. of John K. Escrow last August. By offering a trusted community hub for setting up these nodes, you can own a part of a hardened node for only 100 DRK, and management and operations fees will be deducted from earned Darkcoin from node ops:

https://bitcointalk.org/index.php?topic=626715.0;all

By lowering the barrier to Masternode ownership: This should help tremendously for improving community support of MasterNodes by actively engaging those that have some Darkcoin but not enough for a full node. As far as I know, for the entire small roster of current Darkcoin operators, I have the highest Bitcoin Talk Trust Rating and longest public track record as a seller of electronic goods & services (going back 11 years, 100%, 162 on ebay with my wife rainbowlady03)

====

I was the first person to offer these setup services when I was looking for a partner for the first community owned node (which is now up): http://www.reddit.com/r/DRKCoin/comments/268lnf/looking_for_a_5050_master_node_partner/

Since this worked out well, I decided to open it up to a wider crypto audience. My fees are cheaper than DarkDice's 10% management fees, the 2nd entity to offer these setup sevices, and doesn't involve the possibility of directly enabling gambling addiction if you were to send them 1000DRK to set up your own 100% self-owned node with them. [Since we have free will: I personally don't see anything wrong with gambling or investing with gambling companies but some may hesitate due to this.]

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My management fees are only 3% per month (for now) + $12 per month per node [provided at or near cost] which pays for hosting/power/AV/FW/DDOS protection and setup/hardening by a DoD certified IT Pro who designs prototype systems and/or networks during the day. The estimated fees are 5-6%. These fees will likely be increased to a flat 7.5% management/hosting fee for July, Batch 4 setups.

Due to overwhelming response from full node owners: These will be the only community owned nodes consisting of partial stakes that I'll be setting up this month if you miss the sign up period which ends on the 18th at 9PM HST.

I'm still taking 100% node sign ups at this point, but there's now a long line ahead of you for if you wanted to sign up for a full 100% node, so I don't have an ETA for new 100% signups (as opposed to 10% & 25% signups).

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If you have questions: please read thru the thread first as someone has likely already brought up your question or concern. Aloha!

P.S. Big shout out to Evan, the Dev Team, and the Testing team like Tante, chaeplin, and Flare. You guys rock! I just wish I had time to also be a testnet operator too.

Awesome! Thanks for the quick and informative reply. This thread is so active it is hard for a DRK newb to keep up! I just started reading over on Darkcointalk 

Happy mining and have a super day!