[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6519.

patrolman

sr. member

Activity: 447

Merit: 250

Quote from: camosoul on March 21, 2014, 11:45:20 AM

Quote from: chompyZ on March 21, 2014, 11:30:40 AM

Hi Evan,

I'm sorry - but I come from the 'British School' of politics, where any idea gets to be discussed in public first, with views heard from both sides, and only then- after the people with voting rights heard varying views and have established their beliefs and views on the matter - ONLY THEN they vote.

With no disrespect (and this has nothing to do with my economic thought), I think community members should write here what they think, have others read, digest and form an opinion first. After several pages of views, we can proceed to vote.

My 2 cents.

Brits... Suggesting the very idea that stands in front of you... ;-)

I think he posted it here for that very reason... Duh.

I think if discussion had taken place beforehand there might be more than two options available. If you don't agree with either of the available options, what can you vote for?

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: Standhaft on March 21, 2014, 11:47:55 AM

If I understand it correctly, you want to decrease DRK joining the market by 20% every year.

So it goes like this for the DRK being mined:
2015 - 800,000 DRK
2016 - 640,000 DRK
2017 - 512,000 DRK

Or am I not getting something?

That's correct

Standhaft

member

Activity: 84

Merit: 10

If I understand it correctly, you want to decrease DRK joining the market by 20% every year.

So it goes like this for the DRK being mined:
2015 - 800,000 DRK
2016 - 640,000 DRK
2017 - 512,000 DRK

Or am I not getting something?

camosoul

hero member

Activity: 560

Merit: 500

www.OroCoin.co

Quote from: chompyZ on March 21, 2014, 11:30:40 AM

Hi Evan,

I'm sorry - but I come from the 'British School' of politics, where any idea gets to be discussed in public first, with views heard from both sides, and only then- after the people with voting rights heard varying views and have established their beliefs and views on the matter - ONLY THEN they vote.

With no disrespect (and this has nothing to do with my economic thought), I think community members should write here what they think, have others read, digest and form an opinion first. After several pages of views, we can proceed to vote.

My 2 cents.

Brits... Suggesting the very idea that stands in front of you... ;-)

I think he posted it here for that very reason... Duh.

nakaone

hero member

Activity: 742

Merit: 500

Quote from: eduffield on March 21, 2014, 11:41:03 AM

Quote from: godzirra on March 21, 2014, 11:39:15 AM

Just so I understand...
We are voting on a decrease in block reward of 20% per year?
That would mean that the total supply would be 12-49 million drk?

Keep up the awesome work Evan!

Correct

It is better to make it scarce - the key innovation of this coin is the anonymity as goal one

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: godzirra on March 21, 2014, 11:39:15 AM

Just so I understand...
We are voting on a decrease in block reward of 20% per year?
That would mean that the total supply would be 12-49 million drk?

Keep up the awesome work Evan!

Correct

godzirra

full member

Activity: 219

Merit: 100

Just so I understand...
We are voting on a decrease in block reward of 20% per year?
That would mean that the total supply would be 12-49 million drk?

Keep up the awesome work Evan!

chompyZ

sr. member

Activity: 291

Merit: 250

Quote from: eduffield on March 21, 2014, 11:04:49 AM

Hello everyone and happy Friday!

Anyone who's been around long enough knows nothing in Darkcoin is ever set in stone and we listen to the community. Last time we removed the block halving we received a lot of crap, here's the problems with yearly halving.

- It's too fast and could destroy the coin
- It's way too much (50% per year)
- We already have formula for controlling the supply

Problems with not having a fixed supply:

- We'll have a constant amount of inflation forever. Most of us are in the austrian camp of economics, so I'd like to fix this.

In true Darkcoin fashion, I'd like to propose a solution that no other crypto has and fixes all of the issues. A yearly reduction of supply of 20%. With this we'll hit the cap of coins near 2056. I'm guessing we'll have somewhere near 25M coins (12M minimum, 49M maximum. Depends on how many miners we attract).

Let's have a vote!

https://bitcointalksearch.org/topic/darkcoin-reward-schedule-vote-525093

Hi Evan,

I'm sorry - but I come from the 'British School' of politics, where any idea gets to be discussed in public first, with views heard from both sides, and only then- after the people with voting rights heard varying views and have established their beliefs and views on the matter - ONLY THEN they vote.

With no disrespect (and this has nothing to do with my economic thought), I think community members should write here what they think, have others read, digest and form an opinion first. After several pages of views, we can proceed to vote.

My 2 cents.

coins101

legendary

Activity: 1456

Merit: 1000

Quote from: Jungian on March 21, 2014, 10:26:51 AM

Quote from: Xdragon on March 21, 2014, 10:22:09 AM

looks like some roto coin will use DGW too https://bitcointalksearch.org/topic/ann-rt2-rotocoinnow-on-cryptsybet-with-your-rotos-android-trader-app-516138

Another scamcoin, who would have guessed?

should have called it Darkcoin Gravity Wave.

slyA

full member

Activity: 126

Merit: 100

I love how the BTC.38 inadequacy for Dark coin is "国内人气不足、区块奖励算法可能造成价格暴涨暴跌" meaning "Lack of domestic popularity, block reward algorithm may cause the price spike"

tifozi

hero member

Activity: 742

Merit: 501

Quote from: Xdragon on March 21, 2014, 10:29:05 AM

Quote from: Jungian on March 21, 2014, 10:26:51 AM

Quote from: Xdragon on March 21, 2014, 10:22:09 AM

looks like some roto coin will use DGW too https://bitcointalksearch.org/topic/ann-rt2-rotocoinnow-on-cryptsybet-with-your-rotos-android-trader-app-516138

Another scamcoin, who would have guessed?

yeah. I come across it few days back and than it was KGW, now DGW. lol

In all likelihood DGW will need fixes/updates/further tuning.

hyunsookmom

sr. member

Activity: 420

Merit: 250

Kamehameha!!!

Why hasn't this coin exploded in price with such unique and useful functions?

What is yet to come in terms of completion of the project?

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Hello everyone and happy Friday!

Anyone who's been around long enough knows nothing in Darkcoin is ever set in stone and we listen to the community. Last time we removed the block halving we received a lot of crap, here's the problems with yearly halving.

- It's too fast and could destroy the coin
- It's way too much (50% per year)
- We already have formula for controlling the supply

Problems with not having a fixed supply:

- We'll have a constant amount of inflation forever. Most of us are in the austrian camp of economics, so I'd like to fix this.

In true Darkcoin fashion, I'd like to propose a solution that no other crypto has and fixes all of the issues. A yearly reduction of supply of 20%. With this we'll hit the cap of coins near 2056. I'm guessing we'll have somewhere near 25M coins (12M minimum, 49M maximum. Depends on how many miners we attract).

Let's have a vote!

https://bitcointalksearch.org/topic/darkcoin-reward-schedule-vote-525093

chaeplin

sr. member

Activity: 294

Merit: 250

Quote from: Bio Teckna on March 21, 2014, 09:07:47 AM

Hi everyone,

I've created a new P2Pool for DarkCoin mining
Here is the URL : http://poulpe.nirnroot.com:7903
Server :

100Mbps
DDOS Protection
Hosted in Gravelines, France : https://www.google.com/maps/search/ovh+gravelines/@51.0028375,2.142824,10z/data=!3m1!4b1
Rented for a year
1% fee

Remember that it can take up to 24-72 hours for your payments to ramp up.
Use a wallet address as your username

Join the decentralised p2p mining network and protect DRK from the 51% attack!
MPOS: Trust the administrator...
P2Pool: Only trust yourself Cheesy

I have found your node not listed in http://darckcoin.mine.nu/.
I correct the code, soon will be listed.

Corazon79

newbie

Activity: 46

Merit: 0

Quote from: mannie on March 21, 2014, 12:57:14 AM

I think it would be great to have a better looking website asap with more explanation about why darkcoin is something to get excited about.

The more detailed copy is already up at:

http://darkcoin.us/io/

The written copy is not an issue. We have very good people handling that.

Xdragon

hero member

Activity: 543

Merit: 500

Quote from: Jungian on March 21, 2014, 10:26:51 AM

Quote from: Xdragon on March 21, 2014, 10:22:09 AM

looks like some roto coin will use DGW too https://bitcointalksearch.org/topic/ann-rt2-rotocoinnow-on-cryptsybet-with-your-rotos-android-trader-app-516138

Another scamcoin, who would have guessed?

yeah. I come across it few days back and than it was KGW, now DGW. lol

Jungian

legendary

Activity: 930

Merit: 1010

Quote from: Xdragon on March 21, 2014, 10:22:09 AM

looks like some roto coin will use DGW too https://bitcointalksearch.org/topic/ann-rt2-rotocoinnow-on-cryptsybet-with-your-rotos-android-trader-app-516138

Another scamcoin, who would have guessed?

Xdragon

hero member

Activity: 543

Merit: 500

looks like some roto coin will use DGW too https://bitcointalksearch.org/topic/ann-rt2-rotocoinnow-on-cryptsybet-with-your-rotos-android-trader-app-516138

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

So glad you got it worked out, Lebubar! Grin

Hey everyone! I'm also going to ask that those of you at coinmine.pl please move to another pool. I can vouch that http://lotterymining.com/ has been fast, stable and pays out regularly even for a small time hasher like myself (under 1 mh/s)

There is such a small fee, and a fun lottery every week.

But even if you don't come here, I can't imagine there aren't at least 5 stable pools you can go to. There is no advantage to going to coinmine.pl unless you absolutely need 250 tiny payments a day instead of 25 larger payments a day! SERIOUSLY, it makes NO DIFFERENCE!

For DarkCoin's sake and the security of all our coins, PLEASE MOVE TO ANOTHER POOL!!! YAH YOU!!! Roll Eyes

WAKE UP!!! Grin

Thank you guys, really we all must take responsibility now, and not leave it to the next guy Wink

Thanks

goin2mars

member

Activity: 112

Merit: 10

Quote from: Standhaft on March 21, 2014, 09:11:24 AM

Quote from: PhattyBanks on March 21, 2014, 08:53:28 AM

what is up with the difficulty of this coin? I watch it jump from 468 to 368 and back within seconds. Is there a multipool on it?

and the price seems low with such high difficulty

X11 has three times the difficulty Scrypt has. This has been stated about 200 times in this thread. I think this should definitely be added on the first post in bold or something

Also, to the first half of the question you asked . . the coin uses DGW not KGW. The mechanism involved creates these swings while closing the vulnerability in KGW that would cause 10k difficulty spikes. The resulting difficulty with DGW has slightly larger swings, but still keeps the block target time in tune . . to the same amount if not better than KGW.

If you don't know what this vulnerability is then watch Auroracoin as soon as KGW is implemented, as I heard that it was going to be tested.

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6519. (Read 9723858 times)