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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5676. (Read 9723787 times)

legendary
Activity: 1456
Merit: 1000
So I have been thinking about Monero vs Darkcoin a lot recently.  Monero seems to have increased anonymity from what I can tell - but DRK has a very specific advantage that so far I have not heard anyone mention - Proof of Payment.

For example:

Say I  send coins to an exchange and they don't show up for hours (I'm looking at you cryptsy), what I do is send them a link to the blockchain to prove payment was made, and they credit my account, as this is indisputable proof that payment was made. Without that link they could potentially claim they never received the coins and that would be the end of it.  With monero you have no proof that payment was ever made - so the receiver could potentially claim to never have received coins and you would have no way to prove coins were sent.  Another example would be moving coins from exchange A to exchange B, if the coins never arrive at exchange B - with Monero it would be impossible to determine whether exchange A did not send them, or exchange B is pretending not to have received them.  I personally think this gives DRK an important advantage over ring singnatures (monero, bytecoin).  I don't know enough about zerocoin to know if it has this "Proof of Payment" or not.

interesting
legendary
Activity: 1414
Merit: 1001
To weird to live To rare to die
Anybody know how to undo a wallet.dat file that I copied over.

If you're using Windows, you could try Properties > Previous Versions. I haven't tested it myself and I'd back up anyway before trying.

im using windows 8.1 and don't see previous versions in the properties tab for the wallet.dat file
full member
Activity: 238
Merit: 100
Ok ppl... IT IS that simple:
1. Its better to mine darkcoin than mining litecoin.
1.1 Miners can use nvidia.
1.2 Lower amortization.
1.2.1 Longer live for the hardware = more stable decisions made by the mining community(the full-of-gpu-basement boys and girls Smiley ).
1.2.2 If someone invest money for engineering asic (algorithm and/or chip) mining  x11 there is 100%(from my point of view) chance that darkcoin devs will avoid this ASAP. I hope we see x12 one day avoid engineering that cost millions.
1.3 Lower power consumption.
1.3.1 Lower importance of miner nationality - there are very big differences in power cost across the world.
2. If some hardware whale decide to join the mining party - the Moore's Law will hit the difficulty/price higher.
3. If some hardware whale decide to leave the mining party - the price will need to drop but not so much (as long i can see now miners attention is attracted already: hashpower>80gh, yesterday >120gh). One sentence - If the price goes higher the hash will follow - 100%.... its summer now right Smiley ?
3.1 If litecoin network hashrate NOW drop to 50gh it will never turn back. The litecoin devs, the dogecoin devs think asic=immortality (i dont think this can be true). There is no development out there. No improvement. The community people dont have asic farms. They have gpu's. But every dev is waiting to meet the immortality - to tie the miner to his coin, his laziness, his laws. Dogecoin adaptation agains multipools working only on low diff blocks was too late. Check the time that last halving took and check the previous halving.
4. ASIC=RISK.
5. GPU=hardware.
6. Imagine nvidia throws 30mil on cryptsy wall or mintpall wall NOW. Like that .. just for fun... Smiley imagine 300m(yes, there is hash(ready and waiting) that can follow even 300m) ? I know they can count well and 2222222/(((Difficulty+2600)/9)^2) is the thing that can make them smile on the annual financial meetings. What about Intel ..

And this is only part of the miner's point of deciding to buy dark.
+ 7000 ! Lets hope Evan wont became asic bitch !
sr. member
Activity: 249
Merit: 250
Ok guys, I am excited for the hard fork and masternode payments.  However, I am a bit worried about the security of my wallet on server.  Wallet has nice strong password, I have only port 22 open to my IP, 9999 open, and 2FA setup for Amazon Web Services.  Should I be ok?

I think so.
Although I have no idea about clearing bash history so it doesn't store the wallet pw on it from when we ran "darkcoind masternode start 'mypassword"?

it seems like most people are looking down all but port 9999, but SSH shouldn't be a problem. i think I remember reading that it was possible to have your 1kDRK stored in a different wallet keeping them 'safer'?

So your hosting is with AWS or is it your own machine? I'm looking at running a masternode with near future too


You can store the 1k on a different machine, but the wallet with the 1k in it has to stay online for now. Cold storage is not implemented yet. But AFAIK it's planned
Here's a thred regarding local/remote setup on Darkcointalk:
https://darkcointalk.org/threads/remote-masternode-guide.410/

Thank Donho,  i'll have a look through the setup guide now..


Before running the walletpassphrase command do this:

HISTFILE=/dev/null

Then if you log out the bash history from the current session will not be saved.
legendary
Activity: 966
Merit: 1000
Why is it so important to update your wallet? I have my Darkcoins on a paper wallet, do I need to do anything?
No, just use whatever the latest wallet is when the time comes, and you want to spend them.
newbie
Activity: 25
Merit: 0
Ok guys, I am excited for the hard fork and masternode payments.  However, I am a bit worried about the security of my wallet on server.  Wallet has nice strong password, I have only port 22 open to my IP, 9999 open, and 2FA setup for Amazon Web Services.  Should I be ok?

I think so.
Although I have no idea about clearing bash history so it doesn't store the wallet pw on it from when we ran "darkcoind masternode start 'mypassword"?

it seems like most people are looking down all but port 9999, but SSH shouldn't be a problem. i think I remember reading that it was possible to have your 1kDRK stored in a different wallet keeping them 'safer'?

So your hosting is with AWS or is it your own machine? I'm looking at running a masternode with near future too


You can store the 1k on a different machine, but the wallet with the 1k in it has to stay online for now. Cold storage is not implemented yet. But AFAIK it's planned
Here's a thred regarding local/remote setup on Darkcointalk:
https://darkcointalk.org/threads/remote-masternode-guide.410/

Thank Donho,  i'll have a look through the setup guide now..
sr. member
Activity: 336
Merit: 250
So I have been thinking about Monero vs Darkcoin a lot recently.  Monero seems to have increased anonymity from what I can tell - but DRK has a very specific advantage that so far I have not heard anyone mention - Proof of Payment.

For example:

Say I  send coins to an exchange and they don't show up for hours (I'm looking at you cryptsy), what I do is send them a link to the blockchain to prove payment was made, and they credit my account, as this is indisputable proof that payment was made. Without that link they could potentially claim they never received the coins and that would be the end of it.  With monero you have no proof that payment was ever made - so the receiver could potentially claim to never have received coins and you would have no way to prove coins were sent.  Another example would be moving coins from exchange A to exchange B, if the coins never arrive at exchange B - with Monero it would be impossible to determine whether exchange A did not send them, or exchange B is pretending not to have received them.  I personally think this gives DRK an important advantage over ring singnatures (monero, bytecoin).  I don't know enough about zerocoin to know if it has this "Proof of Payment" or not.
legendary
Activity: 1232
Merit: 1001
newbie
Activity: 14
Merit: 0
Why is it so important to update your wallet? I have my Darkcoins on a paper wallet, do I need to do anything?
newbie
Activity: 54
Merit: 0
Ok ppl... IT IS that simple:
1. Its better to mine darkcoin than mining litecoin.
1.1 Miners can use nvidia.
1.2 Lower amortization.
1.2.1 Longer live for the hardware = more stable decisions made by the mining community(the full-of-gpu-basement boys and girls Smiley ).
1.2.2 If someone invest money for engineering asic (algorithm and/or chip) mining  x11 there is 100%(from my point of view) chance that darkcoin devs will avoid this ASAP. I hope we see x12 one day avoid engineering that cost millions.
1.3 Lower power consumption.
1.3.1 Lower importance of miner nationality - there are very big differences in power cost across the world.
2. If some hardware whale decide to join the mining party - the Moore's Law will hit the difficulty/price higher.
3. If some hardware whale decide to leave the mining party - the price will need to drop but not so much (as long i can see now miners attention is attracted already: hashpower>80gh, yesterday >120gh). One sentence - If the price goes higher the hash will follow - 100%.... its summer now right Smiley ?
3.1 If litecoin network hashrate NOW drop to 50gh it will never turn back. The litecoin devs, the dogecoin devs think asic=immortality (i dont think this can be true). There is no development out there. No improvement. The community people dont have asic farms. They have gpu's. But every dev is waiting to meet the immortality - to tie the miner to his coin, his laziness, his laws. Dogecoin adaptation agains multipools working only on low diff blocks was too late. Check the time that last halving took and check the previous halving.
4. ASIC=RISK.
5. GPU=hardware.
6. Imagine nvidia throws 30mil on cryptsy wall or mintpall wall NOW. Like that .. just for fun... Smiley imagine 300m(yes, there is hash(ready and waiting) that can follow even 300m) ? I know they can count well and 2222222/(((Difficulty+2600)/9)^2) is the thing that can make them smile on the annual financial meetings. What about Intel ..

And this is only part of the miner's point of deciding to buy dark.
full member
Activity: 154
Merit: 100
Hello guys... is it possibel to buy some DRK with my paypal or mastercard... please answer me somebody

Hey mate - You can use paypal to transfer USD to Virwox - Buy Second Life Linden - exchange that for Bitcoin - Send that Bitcoin to Mintpal - Buy Darkcoin.


I think TanteStefana tried that and it cost her 17% or something in fees along the way.

It costs around 8% if you set the SSL/BTC orders properply and not sell at lowest price. I use it all the time Smiley
hero member
Activity: 756
Merit: 500
Somebody with the skills could also collect darks, set up a masternode and let it run like a pool.
Owener gets paid for the service and shares the income to the "miners"

Its not my idea, a few hundred sides ago eduffield bring up this idea.
legendary
Activity: 1092
Merit: 1000
Hello guys... is it possibel to buy some DRK with my paypal or mastercard... please answer me somebody

I guess it would be easier to try and buy BTC with the CC and then buy DRK, the problem with the credit card is because of the charge-back issue I don't know of any service that offers that.

EDIT: I did use Virwox once, but there was a daily limit of 100USD at the beginning with the credit card and a lot of fees, so it was too little for me.  Ever since I just do private deals to acquire BTC from people and buy my DRK.
legendary
Activity: 966
Merit: 1000
Hello guys... is it possibel to buy some DRK with my paypal or mastercard... please answer me somebody

Hey mate - You can use paypal to transfer USD to Virwox - Buy Second Life Linden - exchange that for Bitcoin - Send that Bitcoin to Mintpal - Buy Darkcoin.


I think TanteStefana tried that and it cost her 17% or something in fees along the way.
full member
Activity: 182
Merit: 100
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000
full member
Activity: 154
Merit: 100
Hello guys... is it possibel to buy some DRK with my paypal or mastercard... please answer me somebody

Hey mate - You can use paypal to transfer USD to Virwox - Buy Second Life Linden - exchange that for Bitcoin - Send that Bitcoin to Mintpal - Buy Darkcoin.

legendary
Activity: 1092
Merit: 1000
People, please update before the HARD FORK, only 4.7 hours left.

I am personally going to launch my masternodes shortly after the fork, there wont be any noise from the clients still running previous versions and the network should fine consensus easier.
newbie
Activity: 30
Merit: 0
Hello guys... is it possibel to buy some DRK with my paypal or mastercard... please answer me somebody
legendary
Activity: 1092
Merit: 1000
WHAT TIME /BLOCK WE FORKING?

It is a time based fork, new type of fork, more innovation.  You can see a timer here http://drk.poolhash.org/graph.html
4.7 hours left.
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