Author

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6367. (Read 9724017 times)

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

The point of them is to make it very expensive to acquire them. Imagine the following:

A:
- User asks "Should I create a masternode?"
- it costs $XXX, they would earn $X.XX/day. That's X days till they earn 100% of their investment.
- User buys 1000 DRK, creates masternode
- Price goes higher, 1000DRK gets pulled out of the supply
- Go to A

This is a feedback loop that I'm creating. We should add masternodes until the price goes really high and it's too expensive to buy the darkcoin to start a masternode.  

Let's say after the feedback loop completes the price of Darkcoin is $5 and we have 1200 nodes. At that point we have six million dollar in masternodes, to gain 50% of the network to do an attack would probably cost much more than six million dollars, so it's not possible anymore.

The other problem is all nodes need to keep a list of all of the masternodes. We want a bunch, but we don't want more than 10k probably. If the requirement is too low we'll end up with a bunch of network traffic from all of the discovery chatter.

But the main point, the real reason to make master node expensive is so that an entity, such as a government, or such would find it difficult to gain control of enough of the network to compromise the system, right?  If it were too cheap, it would be too easy for someone with enough resources to get control of the network.

In your last statement, "The other problem is all nodes need to keep a list of all of the masternodes. We want a bunch, but we don't want more than 10k probably. If the requirement is too low we'll end up with a bunch of network traffic from all of the discovery chatter. " does that mean that a person running a master node must register so the nodes can find them?
legendary
Activity: 2100
Merit: 1167
MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG
Oh dear oh dear oh dear........... i see the airdrop is cancelled?  

this is very disappointing news and VERY bad news for drkcoin.  However let's discuss why it is cancelled here first before i open it up for discussion on the main board.


You take away 66M and won't even return 2M...  ??

You want this forced instamine you bumped from 12.5% to 50% of current minting in 24 hours to remain without compensation to all the miners shut out at launch with no windows qt?

hmmm explain yourselves else yesterday will look like a dark coin promotion. A number of people have asked i set up a petition on here for compensation to miners closed out on purpose at launch.

Wait until everyone hears their 2M stolen coins that were about to be returned just got re- stolen.    There will be far more interest in this.... people love the smell of free coins.

Some compensation needs to be paid simple as that.  

I suggest 200K coins donated from the largest wallets - put into a pot and given out to those registered on here at time of launch. First 500 to claim get 400 each. 200 coins upon claiming 200 coins 6 months later if they are still holding the original 200k in their wallet.

This is a small price to pay for what has been done here with this coin. Win win for you greedy bastards you clean up your image, you attract more support. Hardly anyone on the board outside of this thread knows about darks history, yesterday was merely a taste. I will see that IS DARKCOIN A BIG SCAM - LET'S EXAMINE THIS stays on page 1 in the main forum for months if nothing is done to address this scam.

Seriously get on with it because it is time to stop the scams on here.

Just announce it as nice gesture to make up for no windows qt on launch..  get the block explorer up let's see who is still holding their super stash from day 1.

People buying after the minting was reduced need not donate.

Any one wanting to explain to me why this is not fair should hurry up , i'm going to wait to hear your thoughts on this before putting it to the main board for a vote.

This forum is a powerful tool to enforce fairness.... just have to stick to the facts and you can't go wrong really. People soon wise up to things if you explain it to them a few times.

I'm not looking for bullshit arguments the facts are the facts there is nothing more to say , you all voted to enrich yourselves by cutting the minting in 22m.... those of you that did that need to compensate the rest. Especially miners that were scammed at the start.

200k in a pot given out as i said.   This is not extortion this is compensation for your scam.  I will put it to vote on the main board if i don't hear back on here postive things about it.

Spin it however you want....  but get on with it, the big fat wallets should be donating not the little fish. I know its all bullshit you all sold out for nothing....you just moved your coins around. Sure some sold some however i know many did not.  Either way get donating or get ready for a petition in the main forum.

I will not be trying to claim my 400 coins even though i was on the opening page at launch  telling them not to go ahead and launch without a windows QT. Still they wanted to scam, there were not even any pools. Can you imagine trying to pull this shit right now with  a new coin it would die instantly. About 10 linux miners including devs raped this coin to death in the first 24hours  FACT - 20k each from them will do it. Even then you are getting off lightly really.


If you think i'm not serious let's wait and see.  Fair is fair, compensate those that you took from.

DRK is first but not the last, scam coins need to be more careful in future.



hero member
Activity: 658
Merit: 500
1) Should we take care of the "premined situation?" No, it wasn't a premine, if you didn't know about Dark it's no one's fault but your own. I am in this boat myself and I own a pretty large stake acquired by buying them. I bought them when they were capped at a much lower number, and Evan already increased the coin allotment to appease these people.
2) Should we change the name? No, we just paid for logos to be made for Darkcoin. Let's burn money in our front yard and further confuse people when we change the name again.
3) Should Evan listen to all these random fucking people? No, the price had remained stable indicating that the market was fine with the way things were.
4) Should we market a coin whose main feature doesn't work? No, we should wait until it's finished, until then it would be a scam unless you specifically state that the main feature isn't finished, which might be counterproductive.

This coin could be called Potatocoin with GreaseGive for all I care, the whole coin hinges on the implementation of decentralized CoinJoin. Finishing that before the other anonymous coins hit the market is of utmost importance.

+1000000
In agreement 100%.
hero member
Activity: 1302
Merit: 502
Quote
reduction from 80million to 20million

this was a horrible move.

not only it did not increase the price

it actually made the unfair-distribution-of-coins situation worse.

now the early miners are at even more advantage.

the coin numbers should be increased to 160 million to dilute the excess-early-mine issue.

great tech guys but when it comes to economy they are pretty much retarded.

I seriously am so flabbergasted that people can't grasp the concept that the "instamining" issue is a NON-ISSUE.  Most of those coins have been sold off, which redistributed the coins, often to those who don't own huge mining rigs (like myself)  you actually can't ask for better distribution than what we have gotten BECAUSE OF  the "instamine"  This is truth.  The few large wallets are probably the biggest believers in this coin, possibly Evan, possibly someone else.  If it were Evan that has the largest wallet, then he will be selling them off as time goes by, I'd bet, because he's devoted himself to this coin for the next 2 years and will have to pay for his living expenses.  If it isn't him, if it's just a supporter who believes in this coin, he's not likely to dump, it would be counter productive.

Even at this very moment, if you just discovered Darkcoin, you still get a super price for it and can "get in" on the ground floor.  There is no reason for anyone to feel left out.  I paid a lot more for my darkcoin than it's been going for lately, and I don't have disposable income at all.  I squeezed out whatever from wherever I could to buy some coins, so it can be done.  If not, then you don't want it bad enough or you don't think it's a good risk, good that's fine, but don't cry to us that it's unfair.  It's never been fairer.  3 months of low prices, 3 months to buy, and counting.

He's wrong anyway, it tops out at like ~77-78 million now.
full member
Activity: 280
Merit: 100
The Future Of Work
Quote
reduction from 80million to 20million

this was a horrible move.

not only it did not increase the price

it actually made the unfair-distribution-of-coins situation worse.

now the early miners are at even more advantage.

the coin numbers should be increased to 160 million to dilute the excess-early-mine issue.

great tech guys but when it comes to economy they are pretty much retarded.

I seriously am so flabbergasted that people can't grasp the concept that the "instamining" issue is a NON-ISSUE.  Most of those coins have been sold off, which redistributed the coins, often to those who don't own huge mining rigs (like myself)  you actually can't ask for better distribution than what we have gotten BECAUSE OF  the "instamine"  This is truth.  The few large wallets are probably the biggest believers in this coin, possibly Evan, possibly someone else.  If it were Evan that has the largest wallet, then he will be selling them off as time goes by, I'd bet, because he's devoted himself to this coin for the next 2 years and will have to pay for his living expenses.  If it isn't him, if it's just a supporter who believes in this coin, he's not likely to dump, it would be counter productive.

Even at this very moment, if you just discovered Darkcoin, you still get a super price for it and can "get in" on the ground floor.  There is no reason for anyone to feel left out.  I paid a lot more for my darkcoin than it's been going for lately, and I don't have disposable income at all.  I squeezed out whatever from wherever I could to buy some coins, so it can be done.  If not, then you don't want it bad enough or you don't think it's a good risk, good that's fine, but don't cry to us that it's unfair.  It's never been fairer.  3 months of low prices, 3 months to buy, and counting.
legendary
Activity: 1456
Merit: 1000
Well the idea behind Airdrop is pretty good ( bare with me ) in the sense that a lot of coins will be distributed more evenly.

This is not what people want though due to reasons but we want it more evenly distributed.

If you have the power to use these first 48h block DRK spend this on hiring the professional marketing team instead.

two birds in one stone. Remove uneven + add publicity = great

I don't think people understand.  These coins mined in the beginning belong to the people who mined them.  We can't up and take them away!  They undoubtedly have been sold off already.  People with so many dark wouldn't have dreamed the coin would amount to much, they're miners and dumpers, they took their profit and ran with it.

And as far as Evan goes, he was buying the coins up 20,000 at a time!  Then he used them up quickly because the early bounties were BIG!

I have offered before, but I will reduce the price.

Mother-in-law for sale 20,000 DRK. She's a great cook. Nearest offers considered.
full member
Activity: 133
Merit: 100
I go to sleep and miss the panic selling. Damn, wish I set a buy order last night. On a positive note looks like bitcoin is taking a dip again.
full member
Activity: 280
Merit: 100
The Future Of Work
Well the idea behind Airdrop is pretty good ( bare with me ) in the sense that a lot of coins will be distributed more evenly.

This is not what people want though due to reasons but we want it more evenly distributed.

If you have the power to use these first 48h block DRK spend this on hiring the professional marketing team instead.

two birds in one stone. Remove uneven + add publicity = great

I don't think people understand.  These coins mined in the beginning belong to the people who mined them.  We can't up and take them away!  They undoubtedly have been sold off already.  People with so many dark wouldn't have dreamed the coin would amount to much, they're miners and dumpers, they took their profit and ran with it.

And as far as Evan goes, he was buying the coins up 20,000 at a time!  Then he used them up quickly because the early bounties were BIG!
full member
Activity: 280
Merit: 100
The Future Of Work
lol eduffield you have 2000000 DRK and dont even send 100 DRK to your contributors as bounties

wtf

Where did you come up with this ridiculous statement?  LOL, funny!
full member
Activity: 294
Merit: 100
I am new here and I agree.
I just found this coin about 2 or 3 weeks ago and only got semi-serious about it yesterday. And it's already under a rebranding.
I usually jump ships when a coin start rebrading itself.

Looks like the situation has been contained.
Lots of interest, many people coming, posting, Evan just need to be a bit more assertive with the suggestions Wink

All in all, I think we're heading the right direction.

Last week has been great to buy Darks when converting from fiat - BTC price very low (I managed to snatch a lot @430), Darks been dipping few times.
Beside, it's one of the very, very few serious coins with real use.
You can't go wrong with it - due to the stability, even if you want/need to sell - you don't loose much, and the possible returns when DarkSend is live and we go more mainstream are insane.
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
To be honest, I don't really care about the logo and the public acceptance of the "dark anonimity stigma" while I must be concerned about the ~1.7M instant mined DRKs. This is what really keeps me back from buying 1000 DRK for a master node.

Today, a high-end VGA might mine something around 1-2 DRK/day and it can probably get significantly lower in the upcoming months. And then there are a few peope with not just hundreds but thousands, or even a few with houndreds of thousands DRK out there who practically got that amound for free when compared to the present miners/investors.

I think this is what should be sorted out, not the name or the logo.
It would certanly help if someone could draw some nice charts which tells the life story of those coins.
If the original miners already sold most of the coins then it's not a problem. It some of them are still holding several thousands, then it's freaky and I just can't spen a significant amount of BTC on DRK (or even mine more than ~100).

There are no few holders from the initial mining with hundreds of thousand of coins, there is no unfair distribution situation.

Early miners have dumped what they mined already. They have been early - profited, good for them.
Many already posted proofs of that. Early sales, largest wallets etc. If anyone from the early days had considerable amount, would have dumped it already at > @ 0.002 and walked away loaded. That didn't happen.

There was always enough volume to buy, when DRKs bought with the stolen BTC got dumped - all got buyers.
Cryptsy's volume alone has been daily 30-70BTC for past month.
Couple days ago someone put 84BTC buy wall - guess what - no dump.

If you want more Darks - go and buy it as people have been doing. There is a long line of investors (me including) who spend a lot of money buying @ 0.0005, 0.001, 0.002 - do you think we would if we believe there was still a small number of people holding large amounts?

+1

btw. can`t we stay at DARKCOIN name forever? It`s good, and don`t care much what will think one or another... There are always some ppl who don`t like addidas or nike...you can`t content everybody. Lets create good image of name and logo and get going forward...
hero member
Activity: 588
Merit: 500
But there's an upside, couple of us got cheaper Darks Wink

Nah, I waited too long until I bought back the BTC on Kraken (but it really fall ~5 EUR in a minute just like I thought...) and thus it's still on it's way to Cryptsy where DRK price is already back.

can people please stop posting cr*p logo ideas designed by 15 year olds and whinging about the name and how we need to change it midstream to whatever name fell out of your head in that moment - its doesnt exactly give new people coming in much confidence does it - go play goat simulator or something - the rest of us are serious about DRK and the potential of integrated anonymity...

I am new here and I agree.
I just found this coin about 2 or 3 weeks ago and only got semi-serious about it yesterday. And it's already under a rebranding.
I usually jump out when a coin start rebrading itself, so it doesn't really help me to jump in.
legendary
Activity: 1456
Merit: 1000
I think there is a problem with the network.

Can everyone stop mining today while I test it out.  I will report back tomorrow, same time. Wink

I`m with you so we can get all all coins for the block divided by 2, could be nice Grin but don`t tell anybody else Wink

It didn't work. The hash rate went up by 1GH since the post.

Need to think of some other FUD.
full member
Activity: 238
Merit: 100
Go buy at 0.0014 If You are so confident about DARKCOIN future !
full member
Activity: 142
Merit: 100
I'm getting an error dialog when staring latest version (v0.10.2.0-unk-beta) of wallet for windows:


("Warning: Please correct your date and time preferences of your computer, because otherwise DarkCoin won't work correctly!")

My timezone is CEST, blockchain sync stuck at block 46226. I thought it should sync with latest upload.
Code:
{
"version" : 100200,
"protocolversion" : 70009,
"walletversion" : 60000,
"balance" : 354.50229864,
"blocks" : 46226,
"timeoffset" : 0,
"connections" : 7,
"proxy" : "",
"difficulty" : 561.54559711,
"testnet" : false,
"keypoololdest" : 1392739781,
"keypoolsize" : 100,
"paytxfee" : 0.00000000,
"mininput" : 0.00001000,
"unlocked_until" : 0,
"errors" : "Warnung: Bitte korrigieren Sie die Datums- und Uhrzeiteinstellungen Ihres Computers, da DarkCoin ansonsten nicht ordnungsgemä�\u009F funktionieren wird!"
}
member
Activity: 112
Merit: 10
can people please stop posting cr*p logo ideas designed by 15 year olds and whinging about the name and how we need to change it midstream to whatever name fell out of your head in that moment - its doesnt exactly give new people coming in much confidence does it - go play goat simulator or something - the rest of us are serious about DRK and the potential of integrated anonymity...
full member
Activity: 294
Merit: 100
Strong buy support, price back @ 0.0014 with despite large volume (>80BTC).
I guess those who dumped @ 0.0012 wish they hadn't, it's only up from here.
But there's an upside, couple of us got cheaper Darks Wink
newbie
Activity: 38
Merit: 0
Okay, I have my data saved for the QT in a specific folder, typically my desktop short cut points the QT to where to save. But since this last fork adding "-datadir" to the short cut isnt doing it for some reason. How do I change were data is saved in the client console ? Or ...?

Thanks in advance.


Bump, still trying to figure out why it is doing this.
Rux
legendary
Activity: 1291
Merit: 1024
https://crypto.ba
no it was already synced... thats wierd?
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
I think there is a problem with the network.

Can everyone stop mining today while I test it out.  I will report back tomorrow, same time. Wink

I`m with you so we can get all all coins for the block divided by 2, could be nice Grin but don`t tell anybody else Wink
Jump to: