[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6030.

ac2

newbie

Activity: 50

Merit: 0

Quote from: toknormal on May 12, 2014, 06:53:01 AM

Quote from: ac2 on May 12, 2014, 06:43:28 AM

12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

I got into this coin because of the technology. Maybe you don't understand investments, but what matters about them is how much YOU own, not how much everyone else owns.

Thanks for advising is that the coin wasn't launched with a Windows wallet. That is about number 100 of my list of concerns right now but I appreciate it's pretty high up on yours.

So here's what I suggest you do - go back to the [ANN] archives and spend a week compiling a list of all the coins that were launched with Windows wallets and then go and plough some BTC into them. Might make you rich Wink

You're missing the point...
It's fine that you don't mind, that you are biased and this nasty little FACT doesn't bother you.

But how do you think this will play out in the media?

This coin is tainted, permanently. I'm glad that Evan is pushing the boundaries on technology, but darksend can not have any real traction until it is open sourced, and the moment that happens, several clones will pop up. They won't have dodgy names and branding like 'dark' coin, and they will have a zero premine, zero instamine, fair launch.

And how will they market themselves? As the privacy centric coin that is not a scam like that darkcoin.

Will it bother you then?

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: splawik21 on May 12, 2014, 06:52:47 AM

For 140 MNs now the payment will be 7,814285714285714 drk

About a week ago I think I predicted 200 MNs by Wednesday and 500 by 21st.

I wish there were mode details on the 'voting' system. By what criteria exactly are masternodes selected? Or is it mostly random?

I think operator panache should be factored in. Cool

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: ac2 on May 12, 2014, 06:43:28 AM

Quote from: Phillis on May 12, 2014, 06:36:52 AM

and ac2 is added to the ever growing ignore list. Don't feed the troll

That is not trolling. How come none of you are concerned about this??

12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

Seriously people, learn the truth! You can't just put your head in the ground and pretend this didn't happen.

How many coins are your mining rigs producing for you? 1 maybe 2 per day...

Well, your wonderful dev and less than 10 of his friends instamined 500 coins per second on day 1.

Think about that for a minute, that is a FACT, not trolling. 500 coins per second!

How do you feel about that?

What a pity you weren`t there at that time. I was looking at X coin when was anunced its start but was mining something more profitable Cheesy

hehe, histry likes doing jokes....
Even if....he does all the drk work, without him and development of this coin, it could have been like many other...shitcoins....

nearmiss

sr. member

Activity: 448

Merit: 250

Quote from: Ed4252 on May 12, 2014, 06:45:52 AM

Quote from: ac2 on May 12, 2014, 06:35:44 AM

Quote from: kaene on May 12, 2014, 05:41:52 AM

I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm

Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525,600 = 9,378,421
Feb 2024 +262,800 = 9,641,221
Feb 2026 +131,400 = 9,772,621
Feb 2028 +65,700 = 9,838,321
Feb 2030 +32,850 = 9,871,171
Feb 2032 +16,425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.

Edit: the calculations are wrong, as JGCMiner stated, the coin doesn't halve but decreases 7% yearly.
That means the cap is around 19M assuming block reward goes down to 5 within the next weeks.

Some non official websites still have old information about this:
http://altcoins.com/drk-darkcoin-cpu-anonymous-coin.html
https://cryptsy.freshdesk.com/support/discussions/topics/75119
http://crypto-coins-table.com/coins/DRK/index.php

This is a long thread...new buyers have not read it all...

Do you know that darkcoin was instamined at 500 coins per second on day 1?

Do you know that in the first 24hrs 2.2 million coins were mined?

Do you know that no windows wallet was available on day 1?

How do you feel about that?

how many were mined in the first 24 hours for bitcoin and litecoin??

This isn't 2009, nor the first (or one of the early) coins to launch. Should standards not improve?

camosoul

hero member

Activity: 560

Merit: 500

www.OroCoin.co

Quote from: thelonecrouton on May 12, 2014, 05:34:13 AM

Quote from: camosoul on May 12, 2014, 05:24:14 AM

The Bomb...

...can be rendered instantly useless by a one line change of code.

I disagree. LTC dev is right. BTC does well because major changes in it's functionality are not made. It isn't a moving target where people have to wonder what the code will be next week and if the Dev is going to wreck it.

How many people want to become close personal friends of the Dev just to see that the constant changes are always for the good of the people?

If you do make a one line change that fundamentally changes how the coin works, you screw the coin.

LTC still has massive market cap and value... How long have people been trashing it with arguments that don't make any sense?

One line of code. One Hundred lines of code. Doesn't matter. If you fundamentally alter the coin after Beta Testing, you completely destroy all faith in it.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: ac2 on May 12, 2014, 06:43:28 AM

12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

I got into this coin because of the technology. Maybe you don't understand investments, but what matters about them is how much YOU own, not how much everyone else owns.

Thanks for advising is that the coin wasn't launched with a Windows wallet. That is about number 100 of my list of concerns right now but I appreciate it's pretty high up on yours.

So here's what I suggest you do - go back to the [ANN] archives and spend a week compiling a list of all the coins that were launched with Windows wallets and then go and plough some BTC into them. Might make you rich Wink

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: coins101 on May 12, 2014, 06:31:06 AM

Quote from: eduffield on April 02, 2014, 02:13:32 PM

The next stage of DarkSend

What type of return will you see?

- If there’s 1 capable master node, you’ll receive all payments 576*(AverageReward/10) per day

Capable Nodes, Daily Reward
1, 1094DRK
2, 547DKR
5, 218DRK
10, 109DRK
20, 54DRK
50, 21DRK
100, 11DRK

As you can see, we’ll quickly reach equilibrium with the price and at the same time this will create buying pressure raising the price more and causing the network to become increasingly secure.

Also, we can build our master node network now in the immediate. Users can buy the darkcoin needed to run one and they will just run the beta client. We'll open source the election code and hard fork to add the payments to master nodes in and our network will be secure by the time we're ready to do a full launch.

I really love the idea, thoughts?

As it currently stands with price and difficulty, master nodes should yield the most profitable rewards. For the price of a small rig, you can buy some DRK and get the same output as someone with ~50 - 100 mh/s.

The rate goes down with more nodes, but it's still a great investment at the moment. For the amount of capital, you are probably looking at a better return than an average rental property because the set-up costs are so much lower.

For 140 MNs now the payment will be 7,814285714285714 drk

Dusty11

full member

Activity: 147

Merit: 100

Quote from: ac2 on May 12, 2014, 06:43:28 AM

Quote from: Phillis on May 12, 2014, 06:36:52 AM

and ac2 is added to the ever growing ignore list. Don't feed the troll

How do you feel about that?

I hope that Evan (and the rest of the intelligent team) was the one who got the most coins since he deserves to be able to live of this coin.

Lauda

legendary

Activity: 2674

Merit: 3000

Terminated.

Quote from: AlexGR on May 12, 2014, 06:28:57 AM

Quote

This doesn't look like an impending plummet to 50 to me. Looks more like people are sh*t scared of losing their coins and are clinging to them for dear life.

No bitcoin millionaire became a millionaire by selling at 1, 2, and 5$. So... not much temptation really with current prices.

Never panic sell, just hold. I check the price maybe once or twice daily at most. I'm not concerned about that.
What I'm more interested in is the development.

Ed4252

full member

Activity: 204

Merit: 100

Quote from: ac2 on May 12, 2014, 06:35:44 AM

Quote from: kaene on May 12, 2014, 05:41:52 AM

I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm

Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525,600 = 9,378,421
Feb 2024 +262,800 = 9,641,221
Feb 2026 +131,400 = 9,772,621
Feb 2028 +65,700 = 9,838,321
Feb 2030 +32,850 = 9,871,171
Feb 2032 +16,425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.

Edit: the calculations are wrong, as JGCMiner stated, the coin doesn't halve but decreases 7% yearly.
That means the cap is around 19M assuming block reward goes down to 5 within the next weeks.

Some non official websites still have old information about this:
http://altcoins.com/drk-darkcoin-cpu-anonymous-coin.html
https://cryptsy.freshdesk.com/support/discussions/topics/75119
http://crypto-coins-table.com/coins/DRK/index.php

This is a long thread...new buyers have not read it all...

Do you know that darkcoin was instamined at 500 coins per second on day 1?

Do you know that in the first 24hrs 2.2 million coins were mined?

Do you know that no windows wallet was available on day 1?

How do you feel about that?

how many were mined in the first 24 hours for bitcoin and litecoin??

ac2

newbie

Activity: 50

Merit: 0

Quote from: Phillis on May 12, 2014, 06:36:52 AM

and ac2 is added to the ever growing ignore list. Don't feed the troll

That is not trolling. How come none of you are concerned about this??

12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

Seriously people, learn the truth! You can't just put your head in the ground and pretend this didn't happen.

How many coins are your mining rigs producing for you? 1 maybe 2 per day...

Well, your wonderful dev and less than 10 of his friends instamined 500 coins per second on day 1.

Think about that for a minute, that is a FACT, not trolling. 500 coins per second!

How do you feel about that?

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: ac2 on May 12, 2014, 06:35:44 AM

Do you know that in the first 24hrs 2.2 million coins were mined?

How do you feel about that?

Great.

Because at most, that instamine, if true (and if it still exists undiluted, and if it's only purpose was to 'scam' holders as opposed to doing something constructive) can only dilute the money supply by up to a half, which pales compared with the potential return.

chaeplin

sr. member

Activity: 294

Merit: 250

Quote from: miningpoolhub on May 12, 2014, 05:57:16 AM

How can I confirm that new stratum (NOMP) works well on RC2.
I could find the block but, couldn't check masternode payout transactions info in block explorer
(http://23.23.186.131:1234/chain/DarkCoin <- testnet block explorer is not working now)

If I find a block on testnet, is it enough for testing?
I got 500 coins, but I thought I must get 450 coins. Isn't it?

For the moment, use darkcoind getblocktemplate.
If payee is none, 500.
(no rpc command yet to check previous block payee)

Phillis

sr. member

Activity: 404

Merit: 500

and ac2 is added to the ever growing ignore list. Don't feed the troll

ac2

newbie

Activity: 50

Merit: 0

Quote from: kaene on May 12, 2014, 05:41:52 AM

I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm

Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525,600 = 9,378,421
Feb 2024 +262,800 = 9,641,221
Feb 2026 +131,400 = 9,772,621
Feb 2028 +65,700 = 9,838,321
Feb 2030 +32,850 = 9,871,171
Feb 2032 +16,425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.

Edit: the calculations are wrong, as JGCMiner stated, the coin doesn't halve but decreases 7% yearly.
That means the cap is around 19M assuming block reward goes down to 5 within the next weeks.

Some non official websites still have old information about this:
http://altcoins.com/drk-darkcoin-cpu-anonymous-coin.html
https://cryptsy.freshdesk.com/support/discussions/topics/75119
http://crypto-coins-table.com/coins/DRK/index.php

This is a long thread...new buyers have not read it all...

Do you know that darkcoin was instamined at 500 coins per second on day 1?

Do you know that in the first 24hrs 2.2 million coins were mined?

Do you know that no windows wallet was available on day 1?

How do you feel about that?

sgk

legendary

Activity: 1470

Merit: 1002

!! HODL !!

Quote from: alwa1 on May 12, 2014, 06:32:19 AM

Must we concern about the hard fork ?

Just make sure to update to latest wallet.

alwa1

full member

Activity: 182

Merit: 100

Must we concern about the hard fork ?

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: eduffield on April 02, 2014, 02:13:32 PM

The next stage of DarkSend

What type of return will you see?

- If there’s 1 capable master node, you’ll receive all payments 576*(AverageReward/10) per day

Capable Nodes, Daily Reward
1, 1094DRK
2, 547DKR
5, 218DRK
10, 109DRK
20, 54DRK
50, 21DRK
100, 11DRK

As you can see, we’ll quickly reach equilibrium with the price and at the same time this will create buying pressure raising the price more and causing the network to become increasingly secure.

Also, we can build our master node network now in the immediate. Users can buy the darkcoin needed to run one and they will just run the beta client. We'll open source the election code and hard fork to add the payments to master nodes in and our network will be secure by the time we're ready to do a full launch.

I really love the idea, thoughts?

As it currently stands with price and difficulty, master nodes should yield the most profitable rewards. For the price of a small rig, you can buy some DRK and get the same output as someone with ~50 - 100 mh/s.

The rate goes down with more nodes, but it's still a great investment at the moment. For the amount of capital, you are probably looking at a better return than an average rental property because the set-up costs are so much lower.

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote

This doesn't look like an impending plummet to 50 to me. Looks more like people are sh*t scared of losing their coins and are clinging to them for dear life.

No bitcoin millionaire became a millionaire by selling at 1, 2, and 5$. So... not much temptation really with current prices.

LimLims

sr. member

Activity: 1204

Merit: 272

1xbit.com

Reaching the minimum block reward is actually a good thing for mining profitability. Previously, block reward drops as diff increases, which effectively compounds the reduction in profitability. Once the block reward becomes static, it will be easier for the price to keep up with network hashrate.

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6030. (Read 9723858 times)