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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6185. (Read 9724097 times)

full member
Activity: 280
Merit: 100
The Future Of Work
I was contemplating the financial effect of masternodes in terms of fractional inflation that Bitcoin might be subject to. Exchanges tend to be a parking place for a large number of coins which can lead to MtGox situations where the exchange is actually transacting with non-existing coins (something like fractional banking)... by transacting with non-existent coins, the demand is reduced for actual coins (=bad for price). The same might apply to payment processors where they can do away with cryptos if a client only cares abouf fiat.

The incentive to pull 1000s of DRKs into DarkSend nodes will significantly reduce the parked DRKs and the ability of third parties to make fractional practices with DRKs that they do not own, which is good for the price. At the same time, risk exposure to hacked exchanges that lose hundreds of thousands of coins will also be reduced as the coins parked will be less. However there is the individual risk of each running node to get hacked, so this needs to be very well thought out. 100 nodes running = 100k DRK bounty for hackers.

It'll be an interesting experiment for sure...


And a scary one, I'm scared.  I think everyone should be scared.  Scared enough to take this seriously
sr. member
Activity: 252
Merit: 250
How much will you pay me, in DRK, to get the vote-selected DRK logo tattooed on my ass?
You're doing it wrong.


No, he's doing it wrong. I'm offering exclusive branding on my ass, no one else... :-p

i'll give this guy 10 BTC to get a tongue tatto that says "i'll suck your dick"
full member
Activity: 176
Merit: 100
There is no good reason why the private key needs to be stored on a masternode.

In an ideal setup, you would just broadcast a signed message "Authorizing 123.123.123.123 as masternode with input 1bcd1c22a3687e1ec1ea6ce61d3a43fae3581da9305d64fda298bbb66d1691ec expires 1398622305"

In this case 123.123.123.123 would be your masternode, but you don't need to have the private keys on that node. The signed message proves you are authorizing that IP to be the masternode for that input.

hmmm... and for that you'd need a hot wallet right? Or could it be done cold?
Could easily be done cold.
full member
Activity: 280
Merit: 100
The Future Of Work
bought 4btc drk at 500   Huh 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.
legendary
Activity: 1092
Merit: 1000
There is no good reason why the private key needs to be stored on a masternode.

In an ideal setup, you would just broadcast a signed message "Authorizing 123.123.123.123 as masternode with input 1bcd1c22a3687e1ec1ea6ce61d3a43fae3581da9305d64fda298bbb66d1691ec expires 1398622305"

In this case 123.123.123.123 would be your masternode, but you don't need to have the private keys on that node. The signed message proves you are authorizing that IP to be the masternode for that input.

hmmm... and for that you'd need a hot wallet right? Or could it be done cold?
full member
Activity: 176
Merit: 100
There is no good reason why the private key needs to be stored on a masternode.

In an ideal setup, you would just broadcast a signed message "Authorizing 123.123.123.123 as masternode with input 1bcd1c22a3687e1ec1ea6ce61d3a43fae3581da9305d64fda298bbb66d1691ec expires 1398622305"

In this case 123.123.123.123 would be your masternode, but you don't need to have the private keys on that node. The signed message proves you are authorizing that IP to be the masternode for that input.
sr. member
Activity: 427
Merit: 250
I would like to draw Evan's and community's attention to MaidSafe as a strong competitor.

In short they plan to offer p2p services like storage, web-serving, etc. etc. which was also an idea for masternodes. But here it is provided by every peer, not only selected nodes.


That's the brilliance of MasterNodes, regular wallet holders won't have to keep a bulky blockchain on their computer (or webpages, or messages, etc...) only Masternodes.  And there are going to be enough MasterNodes to keep the whole system decentralized and secure.

I don't think we have anything to worry about.  The foundation has been set for the tallest building in the world.

I don't think they would need to hold the whole blockchain. Users only give as much space as acceptable for them. Haven't scrutinized that though, needs more study.

Also, there are a lot implemented already which is only at the stage of idea in DRK.
legendary
Activity: 1008
Merit: 1000
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000

That's the brilliance of MasterNodes, regular wallet holders won't have to keep a bulky blockchain on their computer (or webpages, or messages, etc...) only Masternodes.  And there are going to be enough MasterNodes to keep the whole system decentralized and secure.

I don't think we have anything to worry about.  The foundation has been set for the tallest building in the world.

His post looked like a shameless promotion ...
full member
Activity: 280
Merit: 100
The Future Of Work
gweisoh you are now on my ignore list for that statement Smiley

he can only pump my ... tbh Cheesy

i dont undestand how you guys only aim for PUMP and DUMP, no other way to give this coin 5 min of time Tongue

LOL, on mine too.  Some people have no clue about Darkcoin.
full member
Activity: 280
Merit: 100
The Future Of Work
I would like to draw Evan's and community's attention to MaidSafe as a strong competitor.

In short they plan to offer p2p services like storage, web-serving, etc. etc. which was also an idea for masternodes. But here it is provided by every peer, not only selected nodes.


That's the brilliance of MasterNodes, regular wallet holders won't have to keep a bulky blockchain on their computer (or webpages, or messages, etc...) only Masternodes.  And there are going to be enough MasterNodes to keep the whole system decentralized and secure.

I don't think we have anything to worry about.  The foundation has been set for the tallest building in the world.
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000
guys is it possible to make an easy creation of masternode ,because for me is too hard ,i ve read how to make it 00000 understanding Smiley . i have 7k darkcoins

No offence but if you read a guide and still can't do it you shouldn't be doing it! Leave it up to the pros or wait for a server image to come out!


as i understand should be a lot of people who cant make a masternode so that means they are left out.Is it that hard to make a youtube video how to set up a masternode?Or is  the darkcoin only for tech people ?
They are not left out, but if they can't understand that simple guide, the probability to put their 1000 DRK at risk is higher. I think that a minimum of knowledge is required to setup and protect a masternode.
full member
Activity: 280
Merit: 100
The Future Of Work
I suggested something to Evan last night...  What if you put the blockchain on them to serve up?  What if wallets don't have to hold 17 gigs of blockchain, but are all lightweight due to the MasterNodes serving up this information when needed?  

TanteStefana - THIS IS ONE OF THE BEST IDEAS I'VE HEARD RECENTLY.
And connecting such masternods to a small Android/ios thin wallet would be pure AWESOME.
booyaka...

Evan also mentioned i2p  Wink
full member
Activity: 280
Merit: 100
The Future Of Work
Darkcoin is about to become a top 10 cryptocurrency! You can pretty much count that everyone into cryptos will have heard about it. Wink Congratulations everyone!

'bout time, eh?
full member
Activity: 280
Merit: 100
The Future Of Work
thanks but that is pretty vague.. it seems like a take the dev's word for it sort of thing..
as in did the dev on this or other coins simply make a mistake or did they do something on purpose.. there is no way to know.
unless your a mouthy fanboy bagholder of course.. they happen to have all the facts  Roll Eyes

and guys gimme a break with the troll name calling childish crap this is not high school
this is a financial industry with big money involved.. your a dipshit moron if you don't ask questions as much as you can PERIOD .

the question is someone trolling by definition to cause chaos or are they just talking about coins ?
one is trolling and the other is not.. is this clear yet or do i have to say it again a few more million times ?
ps: that was rhetorical, i know damn well i will explaining what a troll is again and again and again..

and by the way ignore whom ever you like it does not CHANGE anything..
If LOTS of people out there are concerned about this coins start up then are you going to ignore them all to vanquish them evil "nourishing" Trolls ?

sadly we are engulfed in corruption ..open your eyes.
every time anything bad pops up we hear blah blah ignore the trolls by bag holders.. gimme a break with that crap already.

Yes Spoetnik, there is evil everywhere.  You can believe the Developer who has been working his ass off these past 3 months, or you can come up with conspiracy theories until the cows come home.  You keep bringing this up = trolling to me.  You got everyone's opinions.  What is it you want?  To me, even if Evan were a crook, it doesn't even matter anymore.  The coins are long sold off, a better outcome than if only miners got access to coins, in my opinion.  It's a mute point, and doesn't matter anymore.  

Are you on a crusade to make sure every newb that comes here knows what happened via your point of view (developer had an evil plan?)  I think that is your purpose, despite the fact that it's posted everywhere, hence I suspect FUD.  Or else you simply need attention?  It doesn't matter to me, but that is why you're on my ignore list, because you're annoying without bringing anything new or of value to the table, sorry.
hero member
Activity: 561
Merit: 500
guys is it possible to make an easy creation of masternode ,because for me is too hard ,i ve read how to make it 00000 understanding Smiley . i have 7k darkcoins

No offence but if you read a guide and still can't do it you shouldn't be doing it! Leave it up to the pros or wait for a server image to come out!


as i understand should be a lot of people who cant make a masternode so that means they are left out.Is it that hard to make a youtube video how to set up a masternode?Or is  the darkcoin only for tech people ?
hero member
Activity: 1302
Merit: 502
guys is it possible to make an easy creation of masternode ,because for me is too hard ,i ve read how to make it 00000 understanding Smiley . i have 7k darkcoins

No offence but if you read a guide and still can't do it you shouldn't be doing it! Leave it up to the pros or wait for a server image to come out!
hero member
Activity: 561
Merit: 500
guys is it possible to make an easy creation of masternode ,because for me is too hard ,i ve read how to make it 00000 understanding Smiley . i have 7k darkcoins
legendary
Activity: 1092
Merit: 1000
drk.suchpool.pw is not sending out work! Cloudflare firing up a lot.

Just testing anyways, back to p2pool
They've got multiple stratums, I'm using Europe and still hashing away.

So am I and sgminer was just sitting there waiting for work.  Tried restarting obviously.. Global Suchpool hash rate dropping like mad. Was at 27% not 3 mins ago

http://drk.poolhash.org/poolhash.html

 51% attack !! Official DRK pool + Coinmine are in it to take our DRK's SELL SELL SELL  !!!

 I will BUY BUY BUY  Grin

 Tongue
legendary
Activity: 1008
Merit: 1000
so many new faces.

 Smiley

Check out my sig if you want to know more about paypal-bitcoin usd transfers made easy.

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