Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6182. (Read 9724097 times)

Okee Dokee!  Will have to get on this asap...

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.

It's no different than them just sitting there in your open qt wallet. If you have an encrypted Darkcoin wallet it must be unencrypted for a short time while you are starting the master node. All coins remain on the local machine's wallet and do not move. Your local machine has to get the private keys, sign a message with them, send it to the server, and then have the server broadcast it proving you own them in order to start a masternode, which is why it must be unencrypted (btw I'm guessing that's what he's doing). If Evan didn't do this, a single 1000 DRK wallet could be copied to infinite machines to run master nodes.

I know you have been trying to teach this to me since forever... maybe an inkling of understanding is entering my brain.  Do I need to deposit SLL's because then I'd have a balance... wait no... I have to have SLL's in VirWox to trade for bitcoin, yet I can't deposit SLL's into VirWox from SL, I have to buy the SLL's from VirWox with fiat before I can trade for BTC, is that finally right?  Very hard to tell what my final price for BTC would be then??  I just don't understand why I can't buy BTC with the USD?  Or why I can't use the SLL's I already own to buy the BTC's?  Ugh!

Why all the complications?

BTW, you can smack me in the face with a (Non-frozen) Salmon if I get to eat it

Thanks. I always do that with my wallet backups, I have backups on flash drives... and extra flash drives... and external drives. I'm umm... very backed up, I guess.

I was just concerned with the old wallet, since I read some people here stating an issue getting coins transferred from them. Just checking before I attempt it if I need to do anything... besides make backups, which I have plenty of. I guess I could install a new wallet, use the old wallet .dat on it, and it should be good? That may be the easiest way to go.

Out of curiosity, do most here use multiple wallets for storing coins, or one wallet? I mean for safety purposes? I don't have a ton of DRK (1Kish), but just trying to figure out the safest way to store them. If DRK shoots up to $10+ eventually, I'd like to keep them safe.

Sings: "... where did all, their money go, tell em we don't know" ! - http://youtu.be/TPKQSQSVVos  

Let innovative coin features and the markets decide.

Ok, and nobody can sell those coins, or withdraw?  They system will know?

That's funny.

Most pump n dump coins have people constantly pumping the price.

Darkcoin has investors trying to keep the price down so they can buy more 

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.

 yeah, same CC associated with Paypal, and stupid mistake I locked payments until credit is cleared. So paypal won't authorise.

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.

You don't have to keep your local machine's wallet unlocked permanently, or even open. Once the remote machine master node starts you can close the local machine's wallet and hide it away for safe keeping.

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

So you have to keep it running on another machine, presumably your home machine, with the wallet unlocked?  

And now we have to have 2 machines running to serve one masternode?

I have wallet 0.9.1.2-unk-beta,  is it right version to use ? it stop syncing all the time...

Well, until you figure it out, I have no hope, LOL.  Hope you can update your tutorial soon then, chaeplin.  BTW, have I thanked you properly?  You're the man, seriously!  Thanks!

Sorry....don't really see a war. People can buy whatever they want. I encourage everyone to look for themselves and decide what they want to do. Wc is in a strange place. This is a dark place. Please start a new thread.

Ok, I have verified it works.

Start darkcoind on remote machine.
On your local machine specify the IP at launch with -masternodeaddr=YOUR_SERVER_IP
Unlock your local machine wallet with your passphrase.
On your local machine, ./darkcoind masternode start

Slickness indeed.

darkcoin.conf (stolen from chaeplin's thread, thanks buddy)

Well, 2 things.  First, you don't even have to have your coins on a machine.  just make a backup of your wallet while it's running, ie: Files => Backup Wallet and give it a name so you know where it came from, such as DRK_Old_Laptop.dat and put it on a jump drive (or take all your backups and put them on several jump drives, then keep those safe in different areas.)

Second way to backup is to simply open up the darkcoin folder when the wallet in NOT running, (in windows it's User/You/AppData/darkcoin/wallet.dat), rename the wallet as above to show which wallet it is and back it up on a jump drive again.

Finally, you can always download the RC1 wallet for windows, deposit all your distributed coins into that one, make a backup of that single wallet.dat file and close out the program (remove the darkcoin folder) from your windows machine.  NOw your coins are in "cold storage" and off line.

1. Please make sure you set a passphrase before you save your wallets, and that it is both complex and that you DON'T FORGET IT EVER!!!

2.  You can even write your passphrase down in a txt file and store it with the jump drives.  But remember, anyone that can get ahold of your jump drives can get your coins.  This can be a good thing if something should happen to you and you want family members to have access to the coin.  This is like having cash hidden away in your home.  Someone could still physically break into your home and steal it.

3.  To get your coins back out of cold storage, install a wallet, then replace the wallet.dat in the darkcoin folder with your DRK_Old_Laptop.dat and rename it to wallet.dat.  Do this when the wallet is closed, not running, then restart the wallet and your coins will immediately be there (as long as the wallet was sync'd)