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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5992. (Read 9723858 times)

full member
Activity: 147
Merit: 100
legendary
Activity: 966
Merit: 1000
Without being mean or anything, can anyone explain in plain English what exactly Mastercoin does?  It's worth a lot (~$26 a coin) but I can't get the idea behind it.  I'm wondering how it's worth so much?

I went to the website, but it doesn't make sense to me, I am too ignorant I guess?

Thank you anyone who can explain the concept behind Mastercoin.  I ask here because this is my "home" and really hate going outside this community.  I am afraid I'm agoraphobic, LOL
Looks like pie in the sky junk to me. Kind of like, Ripple or Counterparty, but even less useful. "Buy Mastercoins in order to,er... buy Bitcoins!"

To be fair this is mostly about Maidsafe, but has some Mastercoin related info, none of it encouraging: http://letstalkbitcoin.com/the-brokenness-of-maidsafe/

Not remotely a competitive threat to Darkcoin, anyway.

legendary
Activity: 1708
Merit: 1049
is RC 2 happening on the 14th ??

2 of the 3 patches that were programmed for the 14th will be implemented today and Masternode payments have been postponed for the 25th to iron out some bugs.
legendary
Activity: 1708
Merit: 1049
Without being mean or anything, can anyone explain in plain English what exactly Mastercoin does?  It's worth a lot (~$26 a coin) but I can't get the idea behind it.  I'm wondering how it's worth so much?

That's the problem with Mastercoin: The functionality that it introduces is too advanced for the average joe who has no use for it, unless it is dumbed down to practical applications.

Privacy/Anonymity however is something that can be used by anyone (and be easily appreciated for its benefits).

Coin price is highly related to the number of coins issued.

Master coin only has like 500k coins which is 7.6 times less than DRKs. If Master coin was dilluted 7.6 times to reach the same number of coins with DRK (4.3mn), it would cost 28.5 / 7.6 = 3.75$, which is not far from our price level at 3$.

On the other hand, people do not really understand how overpriced DOGE and LTC are compared to DRK (or how undervalued DRK is compared to DOGE and LTC).

If one reduced the number of DOGEs to the number of DRKs (something like a reverse stock split in which for every 18000 current DOGEs you'd get one new DOGE that would equal the prior 18.000 DOGEs), DOGEs would cost something like 8$ per DOGE... and then you have to ask: 8$...for what? Roll Eyes

If we do that with LTC, where only 4.3mn LTCs would exist, LTC goes something like 70$ per coin... and again the question is "for what?".
legendary
Activity: 1834
Merit: 1023
is RC 2 happening on the 14th ??
full member
Activity: 280
Merit: 100
The Future Of Work
I can confirm that you can run the node with your local wallet cold. The way to check is look at the debug.log of the remote server, each masternode is assigned an identifying number  from 0 to n. Search your ip and find your number. After that each time a masternode is selected the debug.log shows winner n. Search for your number and see if your node is being selected, mine are although my wallets are cold. Hope this helps.

I think we need a easy way to check if your Masternode is configured correctly.

We'll have it on the 25th. If you get paid, it's correctly configured, if you don't, it's not. It would be nice to have something before though.

Somebody asked Chaeplin if he could make a masternode graph thingy, and he said yes, so hopefully he'll have something for us soon!
full member
Activity: 280
Merit: 100
The Future Of Work
I can confirm that you can run the node with your local wallet cold. The way to check is look at the debug.log of the remote server, each masternode is assigned an identifying number  from 0 to n. Search your ip and find your number. After that each time a masternode is selected the debug.log shows winner n. Search for your number and see if your node is being selected, mine are although my wallets are cold. Hope this helps.

I think we need a easy way to check if your Masternode is configured correctly.

yes please, I moved the 1000DRK to another address cause of the port zero problem. Now I can activate the masternode successful with the other address, but in debug.log it says "masternode rejected", but it still gets a "winner". No idea if its working or not. I did shutdown the masternode for now, do I need a new IP?

Are you on the list twice?  One may be rejected an the other OK?  Or maybe this is a bug Evan is working on?  I don't know?

I have noticed that some people for some reason, have withdrawn the funds from their local wallets, and the debug log shows their masternode being rejected and they don't get a number to be voted on.  Could that have happened?

Hi TanteStefana,

please also see my EDIT note. Its still on the list after shutdown.
And no, it was only once on the list, number 87 i believe. xxx.xxx.177.122 is the ip. Maybe you can look if its on your list. I shutdown the whole server 24 hours ago, after executing darkcoind stop.


Yah, the "masternode" is still running though.  You need to turn on the local wallet again in order to execute the darkcoind masternode stop there and get it to stop running.  I don't think it can actually win an election in that state, it probably gets rejected.  That darn debug log takes forever to download, and I'm about to go to bed now, but I do think if you want to get the node off the list, you need to do masternode stop on the local machine (reloding your wallet)  I think you also have to turn it on with the darkcoind masternodeaddr=X.X.X.X:9999
newbie
Activity: 27
Merit: 0
Come Mine With Us : http://dark.minerstation.com/
-----Pool For Miner-----
Zero Fee
Wallet and Stratum is updated
that's a lie since I just signed up and yet again another site that takes a fee for the autopayout.
And no auto payout till 1.0?
Where is the option to delete the account?


Tx fee?

http://s25.postimg.org/l9wavvze7/tx_fee.png

Or manual tx fee ?

http://s25.postimg.org/cswskyupb/manual_tx.png

I will try to reduce minimum amount .so what ur minimum suggestion?
legendary
Activity: 1456
Merit: 1000
And to think....things are only just starting  Wink
hero member
Activity: 560
Merit: 500
I can confirm that you can run the node with your local wallet cold. The way to check is look at the debug.log of the remote server, each masternode is assigned an identifying number  from 0 to n. Search your ip and find your number. After that each time a masternode is selected the debug.log shows winner n. Search for your number and see if your node is being selected, mine are although my wallets are cold. Hope this helps.

I think we need a easy way to check if your Masternode is configured correctly.

We'll have it on the 25th. If you get paid, it's correctly configured, if you don't, it's not. It would be nice to have something before though.
hero member
Activity: 770
Merit: 500
Come Mine With Us : http://dark.minerstation.com/
-----Pool For Miner-----
Zero Fee
Wallet and Stratum is updated
that's a lie since I just signed up and yet again another site that takes a fee for the autopayout.
And no auto payout till 1.0?
Where is the option to delete the account?
newbie
Activity: 28
Merit: 0
newbie
Activity: 27
Merit: 0
Come Mine With Us : http://dark.minerstation.com/
-----Pool For Miner-----
Zero Fee
Wallet and Stratum is updated
full member
Activity: 280
Merit: 100
The Future Of Work
I can confirm that you can run the node with your local wallet cold. The way to check is look at the debug.log of the remote server, each masternode is assigned an identifying number  from 0 to n. Search your ip and find your number. After that each time a masternode is selected the debug.log shows winner n. Search for your number and see if your node is being selected, mine are although my wallets are cold. Hope this helps.

I think we need a easy way to check if your Masternode is configured correctly.

yes please, I moved the 1000DRK to another address cause of the port zero problem. Now I can activate the masternode successful with the other address, but in debug.log it says "masternode rejected", but it still gets a "winner". No idea if its working or not. I did shutdown the masternode for now, do I need a new IP?

Are you on the list twice?  One may be rejected an the other OK?  Or maybe this is a bug Evan is working on?  I don't know?

I have noticed that some people for some reason, have withdrawn the funds from their local wallets, and the debug log shows their masternode being rejected and they don't get a number to be voted on.  Could that have happened?
legendary
Activity: 966
Merit: 1000
so are we going to sniff seven today?
Order depth on Mintpal looks like a lot of folks want to take profits between here and 0.007. But good news, I'll be eating into the sells with the mighty 0.045 BTC I made renting my rigs the other night.
full member
Activity: 280
Merit: 100
The Future Of Work
Without being mean or anything, can anyone explain in plain English what exactly Mastercoin does?  It's worth a lot (~$26 a coin) but I can't get the idea behind it.  I'm wondering how it's worth so much?

I went to the website, but it doesn't make sense to me, I am too ignorant I guess?

Thank you anyone who can explain the concept behind Mastercoin.  I ask here because this is my "home" and really hate going outside this community.  I am afraid I'm agoraphobic, LOL
hero member
Activity: 768
Merit: 1000
so are we going to sniff seven today?
full member
Activity: 280
Merit: 100
The Future Of Work
just to be sure..you can switch off your local machine after launching your remote node with it?

Some say that it's possible, but I don't think so. The local wallet has to say to the network "I'm on". That's why I think that it's better to have 2 servers : one (private) running darkcoind with the 1000DRK and the other (public) with an empty wallet.

Oh no, you really can take your local wallet with the coins off line afterwards.  I checked the debug log on my remote, and my nodes, at the time, were elected masternode 2 times and 6 times in the log (not sure how many days, but at least 2)  I would have been awarded block rewards if they had been implemented.  In fact, I stopped my remote node, deleted darkcoind, then replaced it with this newest one, then restarted it.  It has been running and one was elected again, so I didn't have to bother with the local wallet, which has now been in cold storage. (saved on a jump drive not on my running computer)

On my testnet masternode, I set it up exactly the same way, the local wallet has been awarded 10% of the block rewards, so it works there too Smiley
legendary
Activity: 1708
Merit: 1049
ATTENTION EVERYONE:

Please RE-update your wallets. If you've already updated for the May 14th fork you need to re-update with the new source (dated 12 May on github), or new binaries, otherwise you'll be on the wrong fork:

https://darkcointalk.org/threads/postponing-masternode-payments-till-may-25th.578/#post-3427

BUMP
legendary
Activity: 1456
Merit: 1000
AC2 must be extremely butthurt right now. He came to spread the FUD through some kind of constructive criticism (of course the venom was already apparent in phraseology like "darkcoin is a joke" etc) by saying "oh Monero has ring sigs and they are better" but it ended up pretty bad for him (and pretty bullish for the coin) when he catalyzed Evan's reaction into a public statement of "V2 will have ring signatures" which was da bomb Grin

Not having anything to say after that in terms of technology (it backfired pretty bad), he started the spoetnik/cryptohunter/iloveanoncoin crap Tongue


I just found out that its supporters of other coins that consider they are competitors and this kind of stuff is their marketing plan:


I'm waiting the day that Anoncoin releases Zerocoin feature, at that's time I will tell everyone how much Anoncoin better than SCAM darkcoin. and the Anoncoin price will go to the MOOOOOON Smiley

How desperate is that.
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