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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6146. (Read 9724115 times)

full member
Activity: 280
Merit: 100
The Future Of Work
how secure is the 1000DRK that is sent to the daemon to become a masternode? Is it based on the encryption/password placed on your DRK wallet? If so, would DDOS protection even mitigate the risk of losing the 1000DRK, or does it just prevent downtime?

Mostly it is your passphrase that protects you.  Problem is, your ip address is kind of advertised and anyone interested in thievery will know there are 1000 dark in that wallet.  However, if the coin are in a wallet on another machine, that doesn't advertise it's IP address, it could be safer, however, only if you can have the wallet locked, IMO.  Im not sure if you can keep your wallet locked at the moment.

DDOS just blocks your wallet from participating.  What we have to worry most about is if a VM can be infiltrated via another person's server running on the same hardware??  Or if you were sloppy enough to get malware on your machine??
newbie
Activity: 27
Merit: 0
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?


Well we've just had a huge pump and recovered just amazingly well. We're still close to 3x the value we had before this pump with a peak around 4.2x the value before the pump. DarkSend hasn't been open sourced yet though.

Here's a little graph to help you understand how Darkcoin price works for people who follow development versus people who only notice darkcoin when they are done with their pump and dump shitcoins.

https://i.imgur.com/haoLKyX.png

Yep. It's pretty funny how many people out there lack the vision to see longer than a day or a week. They run around like a mob of chickens with their heads cut off, throwing their money in random directions with the faint hope they will become rich. They have the foresight of moles and the attention span of goldfish. They don't care about coins with legitimate futures, unless of course they heard about it in trollbox, in which case they buy at the top and bang their heads on desks when the dump truck buries them in shit.

This was me. I paid the price for my lessons. I'm done banging my head though. I've actually written a whole file with all the lessons I've learned. I will be breakeven around 0.0037 in Darkcoin, or 0.0041 if you count a gain I made before the loss. Those prices should be reached again in the next few months. Hopefully sooner.

In the meantime I enjoy reading this thread and all the activity.

Let's hope I will be one of the smarter ones next time around. Smiley
hero member
Activity: 611
Merit: 500
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?
I'm not dumping any of my dark anytime soon! I would hope that it isn't open sourced until fully vetted.

That's what I am worried about as well. DarkSend must be open sourced for it to be taken seriously, but that should only happen once it is completely vetted and ready. RC2 is not even out yet and open source in 2 weeks??? that seems awfully fast compared to the previous development pace.  Thinking about aloud here... but is Evan maybe trying to beat the Zerocoin whitepaper release?

zerocoin whitepaper is already out, zerocash maybe?

You're right... it was Zerocash. Their whitepaper is scheduled for May 18th.
hero member
Activity: 532
Merit: 500

Yep. It's pretty funny how many people out there lack the vision to see longer than a day or a week. They run around like a mob of chickens with their heads cut off, throwing their money in random directions with the faint hope they will become rich. They have the foresight of moles and the attention span of goldfish. They don't care about coins with legitimate futures, unless of course they heard about it in trollbox, in which case they buy at the top and bang their heads on desks when the dump truck buries them in shit.

I'm loving the metaphors and intensity of this response. I'm also awestruck by the stupidity of the general crypto population most of the time. This is an exciting time to live in if you're smart and have money. It really feels like the stock market in 99-00 but I was too young to make/lose money then. (Except this market has on average dumber people investing in it if you ask me)
hero member
Activity: 532
Merit: 500
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?
I'm not dumping any of my dark anytime soon! I would hope that it isn't open sourced until fully vetted.

That's what I am worried about as well. DarkSend must be open sourced for it to be taken seriously, but that should only happen once it is completely vetted and ready. RC2 is not even out yet and open source in 2 weeks??? that seems awfully fast compared to the previous development pace.  Thinking about aloud here... but is Evan maybe trying to beat the Zerocoin whitepaper release?

zerocoin whitepaper is already out, zerocash maybe?
sr. member
Activity: 266
Merit: 250
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?


Well we've just had a huge pump and recovered just amazingly well. We're still close to 3x the value we had before this pump with a peak around 4.2x the value before the pump. DarkSend hasn't been open sourced yet though.

Here's a little graph to help you understand how Darkcoin price works for people who follow development versus people who only notice darkcoin when they are done with their pump and dump shitcoins.



Yep. It's pretty funny how many people out there lack the vision to see longer than a day or a week. They run around like a mob of chickens with their heads cut off, throwing their money in random directions with the faint hope they will become rich. They have the foresight of moles and the attention span of goldfish. They don't care about coins with legitimate futures, unless of course they heard about it in trollbox, in which case they buy at the top and bang their heads on desks when the dump truck buries them in shit.
hero member
Activity: 611
Merit: 500
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?
I'm not dumping any of my dark anytime soon! I would hope that it isn't open sourced until fully vetted.

That's what I am worried about as well. DarkSend must be open sourced for it to be taken seriously, but that should only happen once it is completely vetted and ready. RC2 is not even out yet and open source in 2 weeks??? that seems awfully fast compared to the previous development pace.  Thinking out loud here... but is Evan maybe trying to beat the Zerocoin whitepaper release?
hero member
Activity: 532
Merit: 500
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?


Well we've just had a huge pump and recovered just amazingly well. We're still close to 3x the value we had before this pump with a peak around 4.2x the value before the pump. DarkSend hasn't been open sourced yet though.

Here's a little graph to help you understand how Darkcoin price works for people who follow development versus people who only notice darkcoin when they are done with their pump and dump shitcoins.

hero member
Activity: 658
Merit: 500
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?
I'm not dumping any of my dark anytime soon! I would hope that it isn't open sourced until fully vetted.
full member
Activity: 189
Merit: 100
Good news on the development front, yet a small dip on the charts. Are folks not happy with the open source release of DarkSend?
legendary
Activity: 1190
Merit: 1000
How might darkwallet impact Darkcoin?

http://www.wired.com/2014/04/dark-wallet/

Quote
Government regulators around the world have spent the last year scrambling to prevent bitcoin from becoming the currency of choice for money launderers and black marketeers. Now their worst fears may be about to materialize in a single piece of software.

On Thursday, a collective of politically radical coders that calls itself unSystem plans to release the first version of Dark Wallet: a bitcoin application designed to protect its users’ identities far more strongly than the partial privacy protections bitcoin offers in its current form. If the program works as promised, it could neuter impending bitcoin regulations that seek to tie individuals’ identities to bitcoin ownership. By encrypting and mixing together its users’ payments, Dark Wallet seeks to enable practically untraceable flows of money online that add new fuel to the Web’s burgeoning black markets
legendary
Activity: 1834
Merit: 1023
I was thinking about the goverments (of the US and Europe mainly) and I think in the near future (with some “terrorist” excuse)  they will try to close the DarkSend masternodes system. We are now out of the focus of the media, but if Evan succeed (and I have no doubt about that) we will be exposed to all kind criticism.

The  anonimity is a real threat  to the goverments and powerful people. They will be very nervous in the next few months/years (if they are nervous with dark wallet, and they just need to hack one server....)

I think we must anticipate this possibility.

Our weakness link in the chain are the Masternodes. If we use external servers, we must spread it all over the world. It's no sense we all use the "Amazon" servers, because Amazon is a US company the US goverment can easily close that.

Maybe sounds paranoid, but I think our masternodes must be placed in servers of companies  located all around the world, in Russia, Southamerica, african or asian countruies (not in china, of course), etc...   Not only in US and EU.  This will make our Masternodes net more powerful.

My 2 duffs.


I totally agree !
the terrorism paranoia might catch on to us … i was thinking more illegal money out of china and such … but this has to stand strong , decentralized, and uncrackable !! (Masternodes have to be spread as far as we can)
When we launch, it has to be a 100% ! (sure Evan knows this) …. because when it works …. it will be amazing and the governments will come for us !
there is no question about it !
So better to wait (open source) and have this a 100%, no rush !!!!
legendary
Activity: 1834
Merit: 1023
Come help test RC2, we have pool support now. We could use some GPUs and CPUs.

- We need some masternodes
- We need all pool operators must test the new patch for stratum

If all goes well we fork, release RC3 and opensource on May 14th. Sound good?

https://darkcointalk.org/threads/rc2-testing-with-pool-support.353/

WHOW, that is fast !!
I think we should take it easy on the open source (sure it has to be done) but no rush !
First we need darksend and master nodes to be running a 100 %
(tested to the MAX) … and then open source time !
Safety First ! ….>
hero member
Activity: 532
Merit: 500
Im wanting to create a master node, i have experience in linux and work in IT, so should be pretty straightforward.
What i want to know is how many DRK do i expect per day with a master node at present?
From what i understand, the more masternodes that are running, the smaller the payout?

Masternode payments haven't gone into effect yet, they go into effect with RC2 which is not yet live - probably in the next week or so RC2 will be live.  Masternodes will get 10% of mining output, this equals about 900-950 coins per day, divided by the current number of masternodes.  Currently there are only 41 masternodes on the network (http://drk.poolhash.org/darksend.html), but I expect this number will climb rapidly once masternode payments go into effect.  So at the current level of 41 masternodes each node would be pulling in 23 coins per day.  Pretty damn good money actually. My guess is that in 2-3 weeks there will be 100-200 masternodes, so payments would be ~5 coins per day about.  Hope that helps. Smiley


Right now it's actually closer to 665 DRK/day with the current reward at this level of difficulty. (11.56 drk/block x 576 blocks/day x 0.1 = 665.856 DRK for the masternodes to split up)



So let's say that there are 100 Masternodes, even at 6.65 DRK/Day per Masternode per day, that's quite an amazing deal. Thinking about it like that, there's gonna be a hell of a lot of masternodes and a price increase to go along with it. Right now you need approx 30 MH/s to get around 6.5 DRK/day, which I'm sure is above average for most mining rigs. Masternodes are effectively a new form of mining with their own profitability but with the advantage of having people hold minimum 1000 DRK and taking it out of circulation which avoids dumping. This is a new form of mining and more valuable to the network than simple POS, quite amazing.

How much money does it take to set up a 30 MH/s mining rig and how much work is to set it up (It's gotta be at least 3000$ + electricity costs?). A masternode on the other hand will currently run you approximately 1500$ for 1000 DRK and then maybe 5$ a month to set up a VPS with no further electricity costs. It's an amazing deal if you intend to mine Darkcoin.

Of course a mining rig can be reused for other coins as well but a masternode is simply set it and forget it, it generates revenue and secures/decentralizes the network without any further tweaking and without the possibility of a GPU failing and needing to be replaced.
full member
Activity: 129
Merit: 100
Im wanting to create a master node, i have experience in linux and work in IT, so should be pretty straightforward.
What i want to know is how many DRK do i expect per day with a master node at present?
From what i understand, the more masternodes that are running, the smaller the payout?

Masternode payments haven't gone into effect yet, they go into effect with RC2 which is not yet live - probably in the next week or so RC2 will be live.  Masternodes will get 10% of mining output, this equals about 900-950 coins per day, divided by the current number of masternodes.  Currently there are only 41 masternodes on the network (http://drk.poolhash.org/darksend.html), but I expect this number will climb rapidly once masternode payments go into effect.  So at the current level of 41 masternodes each node would be pulling in 23 coins per day.  Pretty damn good money actually. My guess is that in 2-3 weeks there will be 100-200 masternodes, so payments would be ~5 coins per day about.  Hope that helps. Smiley
I was under the impression that only the masternode chosen received the 10% reward, not all of them.
sr. member
Activity: 409
Merit: 250
I was thinking about the goverments (of the US and Europe mainly) and I think in the near future (with some “terrorist” excuse)  they will try to close the DarkSend masternodes system. We are now out of the focus of the media, but if Evan succeed (and I have no doubt about that) we will be exposed to all kind criticism.

The  anonimity is a real threat  to the goverments and powerful people. They will be very nervous in the next few months/years (if they are nervous with dark wallet, and they just need to hack one server....)

I think we must anticipate this possibility.

Our weakness link in the chain are the Masternodes. If we use external servers, we must spread it all over the world. It's no sense we all use the "Amazon" servers, because Amazon is a US company the US goverment can easily close that.

Maybe sounds paranoid, but I think our masternodes must be placed in servers of companies  located all around the world, in Russia, Southamerica, african or asian countruies (not in china, of course), etc...   Not only in US and EU.  This will make our Masternodes net more powerful.

My 2 duffs.


I agree, Sweden or Iceland are good choices for servers.
ill be running masternodes in sweden :-p

ill swing by with

the new team ill purchase with my darks.

Iceland will be running a Dark masternode as well Wink

full member
Activity: 129
Merit: 100
Anyone care to take a look at my proposed new Darkcoin site? Comments over here appreciated: https://darkcointalk.org/threads/new-drk-website.350/

Also, if anyone is up to writing guides for users, miners, masternodes hosts, that would be grand!

Here's the sample website on a temp host: http://darkcoinsample.hostoi.com/




I like the layout for sure, but there's something about the various shades of blue that don't quite go together in my opinion. Seems like they should be shades of the blue that is on the coin itself and if not, maybe other colors would compliment that blue.
Sorry. This sounds so negative after reading it back but it's just my 2 Duffs. Keep up the great work man!
full member
Activity: 129
Merit: 100
Do you need to mine to have a masternode?
I don't believe you do.
hero member
Activity: 560
Merit: 500
www.OroCoin.co
legendary
Activity: 1008
Merit: 1000
Do you need to mine to have a masternode?
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