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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6178. (Read 9724097 times)

full member
Activity: 280
Merit: 100
The Future Of Work

Kind of a Proof of Stake and Proof of Service rolled together... Better than a pure Proof of Stake, which really serves no purpose at all... It makes Proof of Stake into something more, which actually has a use. You guys are fucking geniuses.

Ah, The elegance of tying so many things together... PoS payout for providing a service to the network, also limits masternodes, creates a coin with PoS and PoW (PoS that actually requires that you do something for the network, not just hold the stuff) in it, while facilitating the anonymity function, and we're right back to the beginning of the loop... Beautiful. It's the kind of paradoxical working ruleset that makes all cryptos function, but this is the only CryptoCoin that has this one. Could also be extensible to shortchaining so clients don't need the whole blockchain, and masternodes can be used as blockchain repositories... Centralized without being centralized, and those who run the masternode get paid for providing that service proportional to the job just like the darksend they already do... Fucking perfect.

Anonymint, bless his annoying little heart, actually pulled a lot of this out of Evan a couple of weeks ago.  I've noticed he hasn't come around again lately, and can't help but wonder if he's pissed that he actually help out so much, ROFL.  I don't think he'd ever received so much praise in his life!  But yes, this is why I think Darkcoin with Evan and Kyle and all those wonderful people that help out by compiling windows, creating miners, making tutorials, etc... is going to be an amazing coin.
sr. member
Activity: 336
Merit: 250
Apologies if this has been answered before.

If I have 3000 Dark and want to create 3 masternodes, Do I need to put 1000 Dark into 3 separate wallets on 3 separate servers.

Or can I have all 3000 dark sitting in 1 wallet on a secured server and I will get 3 tickets/chances to allow me to be selected as a masternode during the random selection process?

Thanks!!!

You need to have 3 separate wallets w/ three different static IPs
legendary
Activity: 1918
Merit: 1001

Nope, they don't need to communicate. The masternode with the money just needs to sign a message with it. That node broadcasts it to the whole network. After than the secondary masternode is good to go.

Could you disconnect the masternode with the money from the network and even send it to cold storage once the secondary masternode is in the network?

that's the whole point of it Cheesy

Yeah, I basically wanted an official confirmation Tongue

Nope, both need to be online. At least for now.

I'm still not understanding the need for the 1000DRK if it isn't getting mixed. Nothing more than a PoS?

It's there as a deterrent.  If anyone could put up as many masternodes as they like, then someone could simply put up more than 50%  of them, and then they'd be in position to record what is going on, and thereby see where coins are going from where.  With the cost of masternodes, it is expensive to build more than 50% of the network, and as the price of darkcoin goes up, it becomes ridiculously expensive.  We only need so many masternodes to secure the decentralized network, after that, more masternodes are a drag on the system, so we hope for a balance.

So yes, it's effectively a type of POS while also providing work.

Kind of a Proof of Stake and Proof of Service rolled together... Better than a pure Proof of Stake, which really serves no purpose at all... It makes Proof of Stake into something more, which actually has a use. You guys are fucking geniuses.

Ah, The elegance of tying so many things together... PoS payout for providing a service to the network, also limits masternodes, creates a coin with PoS and PoW (PoS that actually requires that you do something for the network, not just hold the stuff) in it, while facilitating the anonymity function, and we're right back to the beginning of the loop... Beautiful. It's the kind of paradoxical working ruleset that makes all cryptos function, but this is the only CryptoCoin that has this one. Could also be extensible to shortchaining so clients don't need the whole blockchain, and masternodes can be used as blockchain repositories... Centralized without being centralized, and those who run the masternode get paid for providing that service proportional to the job just like the darksend they already do... Fucking perfect.
Im also aware that NXT has anonymous transactions in the pipeline and as far as im aware, it uses a similar coin mixing technology like DRK.
sr. member
Activity: 284
Merit: 250
lol
well played.



2 of my friends want, at least, 20k DRK each.
4k+ ... thats not much Smiley
legendary
Activity: 1414
Merit: 1001
To weird to live To rare to die
Anybody have teamviewer willing to help me get my oldwallet n sync with new wallet I have over 200 coins in wallet stuck I tried to send my coins from old to new but the wallet never synced?
this small venture is paid of course, reasonable offers please

If you tell us what you've done so far someone can probably help you for free...  Smiley
well ive downloaded the new wallet just now, doesn't show the darkcoin that was in the old xcoin wallet. About a month ago I tried to send my darkcoin from my old xcoin wallet into the new darkcoin wallet that I downloaded at the time, after the new wallet synced and didn't show the coin in it. Ive asked a few times here on this thread and had gotten the same answer to find the appdata file which ive finally found today.(LOL) Now I don't remember what to do with it, as well as not knowing which appdata darkcoin file this is, the old or the new?

Can you see your balance in the blockchain if you enter either address?

http://chainz.cryptoid.info/drk/
No nothing for either(old xcoin wallet stuck at 10 weeks behind) can only see what was received from pools when I was mining with cpu on old wallet.




Were they in the old address though? Does it (the blockchain explorer) show them leaving for somewhere?
shows nothing leaving only in on old coin wallet
legendary
Activity: 1036
Merit: 1000
Apologies if this has been answered before.

If I have 3000 Dark and want to create 3 masternodes, Do I need to put 1000 Dark into 3 separate wallets on 3 separate servers.

Or can I have all 3000 dark sitting in 1 wallet on a secured server and I will get 3 tickets/chances to allow me to be selected as a masternode during the random selection process?

Thanks!!!
legendary
Activity: 966
Merit: 1000
Anybody have teamviewer willing to help me get my oldwallet n sync with new wallet I have over 200 coins in wallet stuck I tried to send my coins from old to new but the wallet never synced?
this small venture is paid of course, reasonable offers please

If you tell us what you've done so far someone can probably help you for free...  Smiley
well ive downloaded the new wallet just now, doesn't show the darkcoin that was in the old xcoin wallet. About a month ago I tried to send my darkcoin from my old xcoin wallet into the new darkcoin wallet that I downloaded at the time, after the new wallet synced and didn't show the coin in it. Ive asked a few times here on this thread and had gotten the same answer to find the appdata file which ive finally found today.(LOL) Now I don't remember what to do with it, as well as not knowing which appdata darkcoin file this is, the old or the new?

Can you see your balance in the blockchain if you enter either address?

http://chainz.cryptoid.info/drk/
No nothing for either(old xcoin wallet stuck at 10 weeks behind) can only see what was received from pools when I was mining with cpu on old wallet.




Were they in the old address though? Does it (the blockchain explorer) show them leaving for somewhere?
legendary
Activity: 1456
Merit: 1000
I don't get how the 2 machine masternode setup is more secure. If someone can break into either, your setup is toast. And the wallet's security is independent of the machines hosting it -- it relies on the strength of your password & the encryption algorithm. I can't see how the 2 machine configuration helps at all.

Because your master node IP is static, broadcast to the network, and an attacker knows 1000 DRK is on it. Your local machine IP is not listed on the master node list with the 2 machine setup and there are no coins on the server that's running the master node. Double win.

If we could get a port of Armory for Darkcoin you could theoretically do all this with the coins in cold storage. Triple win.

Masternode has to communicate with the node holding the coins, to verify the 1000 DRK are there. So if the masternode can do that, so can an attacker who has compromised the masternode. From there, they just need to break into the secondary node holding the wallet, which will presumably have no better security than the one they already broke into.

I very much doubt the remote master node knows the private keys, because as you have pointed out, it would be of no advantage.

The way I'm thinking about this is that an attacker follows this path:

Get static IP of masternode --> compromise masternode --> figure out IP of secondary node by [magic] --> compromise secondary node

The [magic] part I'm assuming must be possible because the masternode must at some point communicate with the secondary node. But maybe there's some reason why this is infeasible?

Nope, they don't need to communicate. The masternode with the money just needs to sign a message with it. That node broadcasts it to the whole network. After than the secondary masternode is good to go.

So if I read this correctly what Evan is saying is that once the machine that doesn't hold the 1k drk get's approved by the one with the 1k drk it's a master node and the machine that holds the dark is no longer required allowing you to backup your wallet and put it away for safe keeping. Am I right?

But in that case I'm confused about how the collateral will work. Where will the .1 drk fee for bad actors come from? Or are we way past that point?



Nope, they don't need to communicate. The masternode with the money just needs to sign a message with it. That node broadcasts it to the whole network. After than the secondary masternode is good to go.

Could you disconnect the masternode with the money from the network and even send it to cold storage once the secondary masternode is in the network?

that's the whole point of it Cheesy

Yeah, I basically wanted an official confirmation Tongue

Nope, both need to be online. At least for now.
legendary
Activity: 1414
Merit: 1001
To weird to live To rare to die
Anybody have teamviewer willing to help me get my oldwallet n sync with new wallet I have over 200 coins in wallet stuck I tried to send my coins from old to new but the wallet never synced?
this small venture is paid of course, reasonable offers please

If you tell us what you've done so far someone can probably help you for free...  Smiley
well ive downloaded the new wallet just now, doesn't show the darkcoin that was in the old xcoin wallet. About a month ago I tried to send my darkcoin from my old xcoin wallet into the new darkcoin wallet that I downloaded at the time, after the new wallet synced and didn't show the coin in it. Ive asked a few times here on this thread and had gotten the same answer to find the appdata file which ive finally found today.(LOL) Now I don't remember what to do with it, as well as not knowing which appdata darkcoin file this is, the old or the new?

Can you see your balance in the blockchain if you enter either address?

http://chainz.cryptoid.info/drk/
No nothing for either(old xcoin wallet stuck at 10 weeks behind) can only see what was received from pools when I was mining with cpu on old wallet.


full member
Activity: 133
Merit: 100
I don't get how the 2 machine masternode setup is more secure. If someone can break into either, your setup is toast. And the wallet's security is independent of the machines hosting it -- it relies on the strength of your password & the encryption algorithm. I can't see how the 2 machine configuration helps at all.

Because your master node IP is static, broadcast to the network, and an attacker knows 1000 DRK is on it. Your local machine IP is not listed on the master node list with the 2 machine setup and there are no coins on the server that's running the master node. Double win.

If we could get a port of Armory for Darkcoin you could theoretically do all this with the coins in cold storage. Triple win.

Masternode has to communicate with the node holding the coins, to verify the 1000 DRK are there. So if the masternode can do that, so can an attacker who has compromised the masternode. From there, they just need to break into the secondary node holding the wallet, which will presumably have no better security than the one they already broke into.

I very much doubt the remote master node knows the private keys, because as you have pointed out, it would be of no advantage.

The way I'm thinking about this is that an attacker follows this path:

Get static IP of masternode --> compromise masternode --> figure out IP of secondary node by [magic] --> compromise secondary node

The [magic] part I'm assuming must be possible because the masternode must at some point communicate with the secondary node. But maybe there's some reason why this is infeasible?

Nope, they don't need to communicate. The masternode with the money just needs to sign a message with it. That node broadcasts it to the whole network. After than the secondary masternode is good to go.

So if I read this correctly what Evan is saying is that once the machine that doesn't hold the 1k drk get's approved by the one with the 1k drk it's a master node and the machine that holds the dark is no longer required allowing you to backup your wallet and put it away for safe keeping. Am I right?

But in that case I'm confused about how the collateral will work. Where will the .1 drk fee for bad actors come from? Or are we way past that point?
legendary
Activity: 1008
Merit: 1000
legendary
Activity: 966
Merit: 1000
legendary
Activity: 966
Merit: 1000
I have some more wallet questions. Apologies in advance if this is very newbie-ish, as I'm used to just downloading a wallet, unzipping... and that's it.

I first tried the mac wallet, but it can't find the blocksource. I tried it a second time after re-installing, and it then kept crashing on startup for me.

So I am trying the win wallet now. I tried to find http://www.darkcoin.io/downloads/rc/darkcoinqt.
exe listed on the front page pdf, but it leads nowhere.

So instead just downloaded what is on the 1st page of the coin's website, which seems to at least be starting to sync properly. It's 9.1.2 beta wallet. So it'll be fine if I just use this one, and is it an old one, or newer version? Is this the wallet I should be using?

If I want to get coins from an ancient wallet moved over, I just need to replace the dat from my backup I previously made, right? And with the wallet closed, I assume.

Yes that should be fine mate.

Bit of wallet version confusion at the moment as DarkSend is in testing, but if the 9.1.2 version is syncing it should work OK.
legendary
Activity: 1008
Merit: 1000
full member
Activity: 224
Merit: 100
The definition of insanity is doing the same thing
anyone else cant login cryptsy?

clear your cookies, Big Vern tweeted about it earlier.

Worked for me.  Thanks.

hero member
Activity: 1204
Merit: 509
I have some more wallet questions. Apologies in advance if this is very newbie-ish, as I'm used to just downloading a wallet, unzipping... and that's it.

I first tried the mac wallet, but it can't find the blocksource. I tried it a second time after re-installing, and it then kept crashing on startup for me.

So I am trying the win wallet now. I tried to find http://www.darkcoin.io/downloads/rc/darkcoinqt.
exe listed on the front page pdf, but it leads nowhere.

So instead just downloaded what is on the 1st page of the coin's website, which seems to at least be starting to sync properly. It's 9.1.2 beta wallet. So it'll be fine if I just use this one, and is it an old one, or newer version? Is this the wallet I should be using?

If I want to get coins from an ancient wallet moved over, I just need to replace the dat from my backup I previously made, right? And with the wallet closed, I assume.
legendary
Activity: 966
Merit: 1000
Anybody have teamviewer willing to help me get my oldwallet n sync with new wallet I have over 200 coins in wallet stuck I tried to send my coins from old to new but the wallet never synced?
this small venture is paid of course, reasonable offers please

If you tell us what you've done so far someone can probably help you for free...  Smiley
well ive downloaded the new wallet just now, doesn't show the darkcoin that was in the old xcoin wallet. About a month ago I tried to send my darkcoin from my old xcoin wallet into the new darkcoin wallet that I downloaded at the time, after the new wallet synced and didn't show the coin in it. Ive asked a few times here on this thread and had gotten the same answer to find the appdata file which ive finally found today.(LOL) Now I don't remember what to do with it, as well as not knowing which appdata darkcoin file this is, the old or the new?

Can you see your balance in the blockchain if you enter either address?

http://chainz.cryptoid.info/drk/
hero member
Activity: 532
Merit: 500
anyone else cant login cryptsy?

clear your cookies, Big Vern tweeted about it earlier.
hero member
Activity: 532
Merit: 500

Nope, they don't need to communicate. The masternode with the money just needs to sign a message with it. That node broadcasts it to the whole network. After than the secondary masternode is good to go.

Could you disconnect the masternode with the money from the network and even send it to cold storage once the secondary masternode is in the network?

that's the whole point of it Cheesy

Yeah, I basically wanted an official confirmation Tongue

Nope, both need to be online. At least for now.

I'm still not understanding the need for the 1000DRK if it isn't getting mixed. Nothing more than a PoS?

It's there as a deterrent.  If anyone could put up as many masternodes as they like, then someone could simply put up more than 50%  of them, and then they'd be in position to record what is going on, and thereby see where coins are going from where.  With the cost of masternodes, it is expensive to build more than 50% of the network, and as the price of darkcoin goes up, it becomes ridiculously expensive.  We only need so many masternodes to secure the decentralized network, after that, more masternodes are a drag on the system, so we hope for a balance.

So yes, it's effectively a type of POS while also providing work.

Kind of a Proof of Stake and Proof of Service rolled together... Better than a pure Proof of Stake, which really serves no purpose at all... It makes Proof of Stake into something more, which actually has a use. You guys are fucking geniuses.

Ah, The elegance of tying so many things together... PoS payout for providing a service to the network, also limits masternodes, creates a coin with PoS and PoW (PoS that actually requires that you do something for the network, not just hold the stuff) in it, while facilitating the anonymity function, and we're right back to the beginning of the loop... Beautiful. It's the kind of paradoxical working ruleset that makes all cryptos function, but this is the only CryptoCoin that has this one. Could also be extensible to shortchaining so clients don't need the whole blockchain, and masternodes can be used as blockchain repositories... Centralized without being centralized, and those who run the masternode get paid for providing that service proportional to the job just like the darksend they already do... Fucking perfect.


I love this post Camosoul - I featured it on @DarkcoinNews - https://twitter.com/darkcoinnews/statuses/460576278639546368
legendary
Activity: 1008
Merit: 1000
anyone else cant login cryptsy?
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