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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6107. (Read 9723814 times)

full member
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The Future Of Work
Someone please fix Dark-Bot... I miss it ... Wink

Really handy

Awwww, he's broken?  Shoot!
full member
Activity: 280
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The Future Of Work
Dark Coin: A valuable new Cryptocurrency with completely anonymous transactions - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dark-coin-a-valuable-new-cryptocurrency-with-completely-anonymous-transactions/
It's 'DarkCoin' not 'Dark Coin'

it also says you can mine with ASICs

Actually it's Darkcoin and DarkSend Smiley
full member
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The Future Of Work

I don't think that one is updated yet.  I sure hope the updated version will be made available before May 14th!
sr. member
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full member
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sr. member
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Merit: 272
1xbit.com
Dark Coin: A valuable new Cryptocurrency with completely anonymous transactions - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dark-coin-a-valuable-new-cryptocurrency-with-completely-anonymous-transactions/

"Basically, Dark Coin has built in money laundering."

I guess that's one way to say it but ehhhh :/
That's pretty much exactly what it is. Not necessarily a bad thing, alot of people find that desirable.

"Money laundering is the process whereby the proceeds of crime are transformed into ostensibly legitimate money or other assets."

So, no, using an anonymous cryptocurrency is not anything like money laundering. Unless you're laundering money with it, of course.
sr. member
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So say you used the coins sitting idle in the masternodes to match the inputs made and then when its time to make change and send the coins back to the masternode, you denominate both so that they match. John sends 102 DRK of which 100 goes to Mary; denominated of course. The masternode handling the transaction matches the 102 DRK input. John is due 2 DRK in change and the masternode wallet is due 102 DRK change. If the change denominations would match somehow; 2 DRK back to John, 100 DRK + 2 DRK back to the masternode; who sent who what. Bonus: 100 DRK change denomination back to the masternode also matches the 100 DRK output to Mary.


This is a definitely an idea that has been thrown around for awhile now, and I do think it would help.  It makes sense really because the masternode has 1000 extra coins and it also knows exactly who is going to lack anonymity in the pool (ie the guy who darksends his exact wallet balance).  My only concern is that the masternode would only want to use the coins sparingly (ie not all 1000 coins every time it mixes) because it would be easy to see that 1000 coin block being entered and re-entered into the mixing pool several times per day. If on the other hand it submitted a couple small darksends that match exactly the receiving amounts on a couple of the output amounts, that would work pretty well to add anonymity to the pool I think.  We have to really think hard about this though, because there is a chance that whatever behavior the masternode adopts could subtly give away information about the pool.
legendary
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Someone please fix Dark-Bot... I miss it ... Wink

Really handy
hero member
Activity: 535
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Dark Coin: A valuable new Cryptocurrency with completely anonymous transactions - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dark-coin-a-valuable-new-cryptocurrency-with-completely-anonymous-transactions/
It's 'DarkCoin' not 'Dark Coin'

it also says you can mine with ASICs
hero member
Activity: 530
Merit: 500
Dark Coin: A valuable new Cryptocurrency with completely anonymous transactions - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dark-coin-a-valuable-new-cryptocurrency-with-completely-anonymous-transactions/
It's 'DarkCoin' not 'Dark Coin'
legendary
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Lots of very positive things happening in next two weeks....decided to buy a few more DRK  Wink
hero member
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The Buck Stops Here.
Darkcoin Vanity Addresses! Shocked

Xf1rstPvMsQ84tRGukBRVcv2bBDT1HkZiy

XcoinB7HPLRcc4CbVSsVkjWq6te3t9WxoL

Available here.

https://darkcointalk.org/threads/vanity-darkcoin-addresses.389/#post-2823
legendary
Activity: 1008
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why the pump?
Some taliban try to buy ak 47 ?

US Gov bought at 47 to siphon funds to Al Qaeda rebels in Syria

sooo fucking funny...

seriously, that was funny as fuck...lmao

laugh now, cry later.


sr. member
Activity: 294
Merit: 250
why the pump?
Some taliban try to buy ak 47 ?

US Gov bought at 47 to siphon funds to Al Qaeda rebels in Syria

sooo fucking funny...

seriously, that was funny as fuck...lmao
legendary
Activity: 1052
Merit: 1004
Dark Coin: A valuable new Cryptocurrency with completely anonymous transactions - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dark-coin-a-valuable-new-cryptocurrency-with-completely-anonymous-transactions/

"Dark Coin is a scrypt coin" ?
hero member
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full member
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Dark Coin: A valuable new Cryptocurrency with completely anonymous transactions - an article by The Cryptocurrency Times http://www.usacryptocoins.com/thecryptocurrencytimes/uncategorized/dark-coin-a-valuable-new-cryptocurrency-with-completely-anonymous-transactions/

"Basically, Dark Coin has built in money laundering."

I guess that's one way to say it but ehhhh :/
full member
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In regards to the pools of 10, 100 and 1000DRK, I believe the best solution is to get rid of the pools altogether and just require than the inputs to the pool be larger than the outputs.

For example:
 - John adds 102DRK to the pool, sends 101DRK to Lisa and receives back 1DRK as change.
 - Joe adds 153DRK to the pool, sends 73DRK to Mary and receives back 80DRK as change.

Change will still be denominated, so the 80 DRK would come back as 50,20 and 10DRK.

Hi Evan,

I think it is a good solution, but it has a couple small drawbacks - I want to make a couple additional proposals to address these issues:

Here are the drawbacks:

1) If John wants to darksend his whole balance of 102 he is granted little anonymity unless addtitional people step up and volunteer inputs of 102 coins. A mechanism to solicit the nodes participating in the pool to submit additional 102 coin inputs might need to be added.  Alternatively (or in addition), nodes could be sent CHANGE of 102 coins to one of their change addresses.  (this idea of sending known receive amounts to various change addresses might be useful in other situtations as well - I will try to think about this a bit more)

I suppose it is possible (in theory) that John could be inputting 102 coins into the pool and sending less, while someone else is inputting say 104 coins, sending 102 and receiving 2 back as change. I still think this is a problem though because extremely strong inferences could be drawn pointing to John as the sender of 102 coins.

2) The problem of large spends exposing the sender is still an issue, denominated change will help create some fog, but VERY strong inferences of who sent what to whom could still be drawn if a "full change block" is spent in a single large spend, for example if Joe sends that 80DRK change block above to coinbase, it could be strongly inferred that he was the sender of 73 coins to mary, and now the feds have his personal info (coinbase).  Although this doesn't prove that Joe sent mary 73 coins, it might be enough evidence to grant a warrant to search Joe's residence.  So I would like to propose a strong countermeasure that will largely solve this problem.

First, in order to prevent "full change blocks" from giving away the sender, I think you should try to build in some logic that tries (if possible) to break these large change blocks up when making subsequent spends. The key here is that you would want to try to break up these denominated "change blocks" into smaller chunks that might match one of the other "change chunks" from that pool.

For example:

 - John adds 102DRK to the pool, sends 101DRK to Lisa and receives back 1DRK as change addresses E=1DRK
 - Joe adds 153DRK to the pool, sends 73DRK to Mary and receives back 80DRK as change addresses F=50DRK, G=10DRK,H=10DRK,I=5DRK,J=5DRK
  -Suzy adds 240DRK to the pool, sends 100DRK to Jane and receives back 140DRK on change addresses K=50DRK, L=50DRK, M=10DRK, N=10DRK, O=10DRK, P=5DRK, Q=5DRK

Later Suzy wants to darksend a different person "Jack" 104 coins

She sends Jack 80 coins (composed of addresses L=50DRK, M=10DRK, N=10DRK, P=5DRK, Q=5DRK) + 24 coins from her wallet that did NOT participate in the above pool.

This would give the appearance of outing Suzy as the person who sent 73DRK to Mary and received 80 back as change.  But as you can see it was actually JOE that made this tranasction! Mary is faking it!

Of course we wouldn't want to tell suzy's wallet to try to make a chunk of 80 because then suzy would know that Joe sent 73 coins to mary, we want suzy's wallet to figure out all of the possible combinations, then just send one random one.

So:  

Suzy's wallet would try to spoof "possible change blocks"of:

102-1 = 1 <- an actual change block!
102-73= 29
102-100 = 2
153-101= 52
153-73 = 80<- an actual change block!
153-100= 53
240-101=139
240-73=167
240-100=140<- an actual change block!

As you can see some of these combos actually match real change blocks, others do not. Suzy doesn't know which do and which do not, she tries to assemble whichever change block she can from the change that she has.

The beauty of this is that suzy is not privy to any information that is NOT already on the blockchain, but she DOES have enough info to spoof ALL of the possible "change blocks"

I think this does a lot to ablate the "dirty change blocks" problem.

In the end I think the "Dark Receive" address idea (addresses composed of many sub-addresses) is a superior solution, but the above does a hell of a lot to ablate the problems that we have been talking about.

Let me know what you think.  Hopefully I didn't mess up the logic in my head   Grin

So say you used the coins sitting idle in the masternodes to match the inputs made and then when its time to make change and send the coins back to the masternode, you denominate both so that they match. John sends 102 DRK of which 100 goes to Mary; denominated of course. The masternode handling the transaction matches the 102 DRK input. John is due 2 DRK in change and the masternode wallet is due 102 DRK change. If the change denominations would match somehow; 2 DRK back to John, 100 DRK + 2 DRK back to the masternode; who sent who what. Bonus: 100 DRK change denomination back to the masternode also matches the 100 DRK output to Mary.
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DRK go! Go! GO! Price will be equal litecoin price!
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I don't think it's the classic HFT as we know it because crypto exchanges are usually very slow and the markets are very small.
You can practically do "high frequency" (relatively speaking) trading on Cryptsy manually when it's slow enough on peak hours (but it's also unstable sometimes which kills this idea).

The emphasis is not on the milliseconds, but on using any kind of bot instead of manual human input.

I think the main part of this game is the fact that how many people have shitload of crypto and any kind of trading experience when compared to other crypto exchange users (like miner-traders, newcomers, etc).
It's like reinventing the stock market from scratch by filling an empty space with children to boot.

I don't have "evidence" though. It's just how I interpret what I see.
I personally don't do it. I don't have the "shitload of BTC" to start with. Nor the stock market experience for that matter, just learned the basics in school.

Nice theory, thanks! As you say, there are probably lot of people without any trading experience around and I keep asking myself if some of those strange buying/selling patterns are part of something I don`t yet understand (and maybe your explanation is good) or simply clumsy. Today it looked to me as if some guy with some (!! not even that many after all) BTC just read about the wired.com article, concluded there could be a price rise tomorrow and started buying on mintpal and cryptsy in a pretty clumsy way (i.e. too quickly and impatiently). Others then jumped on the bandwagon and then people talk about "whales" or "pumps". But I`m not sure either on how to interpret those strange parabolic rises/drops.

A few months back I made an experiment and pumped up IFC, FST and SEX in a row MANUALLY on Cryptsy. I made some nice profit during the first two rounds and I almost lost that all when somebody who was much faster and had much more BTC joined and ripped me off (because I assumed big players will let that coin and me alone, so I wasn't careful at all + it was a small stake gamble experiment, not an investment plan).

After I left some BTC on Gox, I figured it's best to play nice with the rest. Small risk, slow, manual, low volume trading on Cryptsy. Mostly with DRK these days which I got to know because I really like it. I try to end up with 2k instead of 1k DRK or some extra BTC after 1k "earned" DRK.
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