Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6179. (Read 9723768 times)

Quote from: eduffield on April 27, 2014, 04:38:22 PM

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.

humanitee

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Quote from: eduffield on April 27, 2014, 05:52:06 PM

Quote from: eduffield on April 27, 2014, 04:38:22 PM

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.

After starting the master node I stopped my local machine's client and the server's master node is still running.

TanteStefana

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The Future Of Work

Quote from: camosoul on April 27, 2014, 05:34:55 PM

More cyptsy trouble... Sent BTC in, got kicked out as soon as I did, can't login anymore.

Been happening to me a lot these past few days as well. 'Fact I cant log in now either Tongue

TanteStefana

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Quote from: fearcoka on April 27, 2014, 05:00:29 PM

Quote from: TanteStefana on April 27, 2014, 04:50:56 PM

Quote from: fearcoka on April 27, 2014, 04:47:18 PM

Quote from: TanteStefana on April 27, 2014, 04:42:02 PM

Quote from: fearcoka on April 27, 2014, 03:11:28 PM

Quote from: GhostPlayer on April 27, 2014, 02:53:59 PM

Quote from: fearcoka on April 27, 2014, 02:51:28 PM

can we raise the price a bit?

Can I smack you in the face with a salmon ?? Grin

(f´ing credit card... not even an overdraft or anything, stupid web banking mistake....)

check out my sig, use paypal its quick easy and no need for credit card

Fucking hell fearcoka, they charge for everything under the sun! I lost 4 dollars on 104 dollar transfer from Paypal first thing. Then they want 4% to buy SLL, which is WAY below going rate at SecondLife, Then more charges, probably 4% to buy BTC, and another 4% to withdraw BTC!

WARNING! NEVER EVER USE virwox.com I have tried many times to understand what they do and how much they charge, and they're so confusing over there. I'm pulling out my money, at a loss of $8 for taking a leap of faith. For this I will put them in my sig as a warning never to use them!

srsly?

Yup 4% to import from paypal, 4% to buy SLL, 4% to buy BTC, and after that, I dunno? Probably 4% to withdraw BTC, I assume.

LOL, great, now I have to wait 48 hours!:

Note: A handling fee of 0.002 BTC per withdrawal will be charged.
Note: While most Bitcoin withdrawals are processed instantly, we manually check some of them for security reasons (for example of new accounts). They will be processed within 48 hours. You will receive an email confirmation when the withdrawal has been processed.

Dude im sorry man. Ive bene using them for 2 years now so my account has no fees im assuming. Didnt think it was that bad, ill send a message telling them its not welcoming with that many fees.

Not angry with you, so no worries, just irritated that I fell for them and that they were that greedy Angry

camosoul

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Quote from: eduffield on April 27, 2014, 05:52:06 PM

Quote from: eduffield on April 27, 2014, 04:38:22 PM

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?

eduffield

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Dash Developer

Quote from: eduffield on April 27, 2014, 04:38:22 PM

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.

ErrorId

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Quote from: TanteStefana on April 27, 2014, 02:35:21 PM

Quote from: ErrorId on April 27, 2014, 02:06:57 PM

Quote from: TanteStefana on April 27, 2014, 01:21:20 PM

Quote from: Terzo on April 27, 2014, 04:56:07 AM

bought 4btc drk at 500 Huh

I;m the worst trader Cry

I sold some of my dark at something like 24 or so, bought it back at 51, lost half of 'em! I think I deserve the crown.

On the other hand, I'm glad what I have is back in dark, and I won't screw up like that again. Don't be too concerned, seriously, I'm certain it will be going up so much higher, it won't matter.

Damn, so sorry to hear that TS.

Oh, just sharing, it was my "extra" darks. I still have my two masternodes, and won't risk those! I'm currently thinking of depositing cash into coinbase again, but since I have no visa card, I have to wait 4 business days (more like 5+ with those guys) before I can buy any dark, and by then... ugh, who knows where drk will be?

I hear ya, the exchange I used for fiat to btc took 6 freaking days. Had they done it in 5 like they say they will, I would currently be holding 3 to 4 times as many dark as I have.

kaene

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Quote from: Minotaur26 on April 27, 2014, 09:13:06 AM

"If we can get listed on some directories and get a bit of awareness we would be willing to start accepting this coin. Let us know."

Quote from: Minotaur26 on April 27, 2014, 09:16:49 AM

We also need to start a directory of merchants. Where would be the best place to do that? Darkcointalk.org?

Awesome the direction this is taking.

I would say darkcointalk.org is not the right place for the directory, maybe initially is fine, but at some point as an independent site would be more powerful.

mannie

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Quote from: hashnine on April 27, 2014, 07:33:39 AM

Quote from: mannie on April 27, 2014, 07:02:02 AM

Please let's calm down. Bitcoin didn't go up overnight. Warren Buffett didn't make his billions overnight. Darkcoin won't go to BTC parity overnight. But I think it could make a serious play on BTC in the coming months.

Instead of running commentary on the short term swings in price, let's get to work on developing the community and promoting the benefits of anonymous transactions. Not many people know about DRK. Let's get to work people. That's how we'll change the fortunes of DRK supporters/investors.

I'm editing/rewriting the Darkcoin website copy. I plan to have something to show by the end of the week. I also recently wrote that media release and I plan to write more releases as DRK develops. Other people are putting in some good work.

What's everyone else doing?

Cool story.

Guy, you are not a hero... everyone can make a website and call the media ect,ect. Just.... you wanna do it then you do it, everybody has a work to do in this world.

I don't understand why you come here playing the hero and blaming the people for nothing lol.

I wrote this before going to sleep last night so perhaps it wasn't the most elegant post. I only blurted out the modest amount of work I've put in because I anticipated the response could be "Great but what are you doing?" I wanted to remind everyone that the job isn't done and it would be beneficial to try to grow the community and awareness. Maybe I'm not the best motivator but at least I'm not on here attacking people bro

I genuinely want to hear what people are working on and find out if I can help in any way.

camosoul

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Quote from: ImI on April 27, 2014, 05:35:30 PM

BigVern ‏@cryptsy 12m

We've modified some proxy hardware, if you are having trouble logging into the site, then clear cookies from http://cryptsy.com

That did it, thanks!

Maybe a less ambiguous error message could lead me to doing such thing on my own... ;-)

Downside is now that I'm logged int, the BTC I sent doesn't show... 7 confirmations... Nothing in my account. Not even a pending notice...

ImI

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BigVern ‏@cryptsy 12m

We've modified some proxy hardware, if you are having trouble logging into the site, then clear cookies from http://cryptsy.com

camosoul

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More cyptsy trouble... Sent BTC in, got kicked out as soon as I did, can't login anymore.

philipmicklon

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Quote from: eduffield on April 27, 2014, 04:38:22 PM

Quote from: LimLims on April 27, 2014, 03:43:47 PM

Quote from: humanitee on April 27, 2014, 03:36:49 PM

Quote from: LimLims on April 27, 2014, 03:32:50 PM

Quote from: humanitee on April 27, 2014, 03:17:49 PM

Quote from: LimLims on April 27, 2014, 03:15:52 PM

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.

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?

you could disconnect it from the network but you couldn't send the money to cold storage.

kaene

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