[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6751.

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: shackleford on February 27, 2014, 08:38:31 PM

Quote from: metstijl on February 27, 2014, 08:31:07 PM

Can anyone make a decentralized drug market please? Silkroad is fucked. I can sell over there ..
(potato's)
I missed this boat completly , started mining today , 50 coin per day *.*.
This coin can shoot up to 100m marketcap if it has a good running drugmarket. Silkroad is fucked.

The solution is decentralized anonymous market.. so you don't have idiots taking a huge cut loosing coins and general jackassery. It will happen... it has too.

Yes, this is going to have to be assigned to eduffield as soon as darksend is completed, Grin

drawing1211

newbie

Activity: 42

Merit: 0

Quote from: metstijl on February 27, 2014, 08:31:07 PM

Can anyone make a decentralized drug market please? Silkroad is fucked. I can sell over there ..
(potato's)
I missed this boat completly , started mining today , 50 coin per day *.*.
This coin can shoot up to 100m marketcap if it has a good running drugmarket. Silkroad is fucked.

Not into the whole thing, but I can assure you you're not late. The price is extremely low right now.

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: eduffield on February 27, 2014, 08:30:29 PM

Quote from: eduffield on February 27, 2014, 07:59:41 PM

Quote from: TanteStefana on February 27, 2014, 07:20:22 PM

Quote from: TanteStefana on February 27, 2014, 12:11:01 PM

Here it is!

https://en.bitcoin.it/wiki/Securing_your_wallet

A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us

Thanks

So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.

I hate to keep bringing this up, but could eduffield, CHAOSiTEC , InternetApe or someone tell me if this is true or not? Thanks so much!

It's my understanding that change addresses usually use the unused pool addresses, then every time you use 100 it will make another new 100 addresses to use. So you technically only need to backup whenever that mass generation happens.

This about sums it up:

The wallet contains a pool of queued keys. By default there are 100 keys in the key pool. The size of the pool is configurable using the "-keypool" command line argument. When you need an address for whatever reason (send, “new address”, generation, etc.), the key is not actually generated freshly, but taken from this pool. A brand new address is generated to fill the pool back to 100. So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins

Yup, that's what I was reading when I realized I would have to take a more active roll in backing up my wallet and wanted to spread the knowledge. Sorry for being annoying today, but that was my exciting lesson for the day, LOL

shackleford

full member

Activity: 281

Merit: 100

Quote from: metstijl on February 27, 2014, 08:31:07 PM

Can anyone make a decentralized drug market please? Silkroad is fucked. I can sell over there ..
(potato's)
I missed this boat completly , started mining today , 50 coin per day *.*.
This coin can shoot up to 100m marketcap if it has a good running drugmarket. Silkroad is fucked.

The solution is decentralized anonymous market.. so you don't have idiots taking a huge cut loosing coins and general jackassery. It will happen... it has too.

metstijl

full member

Activity: 126

Merit: 100

Can anyone make a decentralized drug market please? Silkroad is fucked. I can sell over there ..
(potato's)
I missed this boat completly , started mining today , 50 coin per day *.*.
This coin can shoot up to 100m marketcap if it has a good running drugmarket. Silkroad is fucked.

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: eduffield on February 27, 2014, 07:59:41 PM

Quote from: TanteStefana on February 27, 2014, 07:20:22 PM

Quote from: TanteStefana on February 27, 2014, 12:11:01 PM

Here it is!

https://en.bitcoin.it/wiki/Securing_your_wallet

A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us

Thanks

So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.

I hate to keep bringing this up, but could eduffield, CHAOSiTEC , InternetApe or someone tell me if this is true or not? Thanks so much!

It's my understanding that change addresses usually use the unused pool addresses, then every time you use 100 it will make another new 100 addresses to use. So you technically only need to backup whenever that mass generation happens.

This about sums it up:

The wallet contains a pool of queued keys. By default there are 100 keys in the key pool. The size of the pool is configurable using the "-keypool" command line argument. When you need an address for whatever reason (send, “new address”, generation, etc.), the key is not actually generated freshly, but taken from this pool. A brand new address is generated to fill the pool back to 100. So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: illodin on February 27, 2014, 08:08:27 PM

Quote from: eduffield on February 27, 2014, 07:59:41 PM

It's my understanding that change addresses usually use the unused pool addresses, then every time you use 100 it will make another new 100 addresses to use. So you technically only need to backup whenever that mass generation happens.

I was told that every time you send coins and a change address is used, a new one is generated, so that there are always 100 addresses ready to be used. There is no mass generation. That also means that no matter when you make a backup, you have 100 sends left to make the next backup.

either way, I was under the impression that you only need one backup of your wallet and you're good.... as in for life, if your backup holds. But one could quickly go through a hundred transactions, and if one didn't periodically back up the wallet, one could lose the most recent transactions.

Anyway, maybe everyone knows this, but I didn't. My impression from reading stuff this past 2 months (I am green) was that one backup covered you

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: Lebubar on February 27, 2014, 08:02:19 PM

Quote from: HooDude on February 27, 2014, 06:49:31 PM

Is it more profitable to mine DRK directly, or to mine something else like Doge or Mint and then trade for DRK?

It WAS more profitable to mine/buy MINT.
I bought at 7 sat.
And sell 25% at 42 to buy DRK cheap little under 0.001 ..

I'm happy with this...

Right now I'm searching a cpu-coin to mine, to buy more DRK because they still cheap @market. For the moment didn't find.
Mean while still minig DRK...

sigh, gotta have money to make money, LOL.

But you also have to make a move, and those here taking risks deserve your rewards!

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: eduffield on February 27, 2014, 07:59:41 PM

Quote from: TanteStefana on February 27, 2014, 07:20:22 PM

Quote from: TanteStefana on February 27, 2014, 12:11:01 PM

Here it is!

https://en.bitcoin.it/wiki/Securing_your_wallet

A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us

Thanks

So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.

I hate to keep bringing this up, but could eduffield, CHAOSiTEC , InternetApe or someone tell me if this is true or not? Thanks so much!

Thank you so much, so it is true, and you can't rely on a single backup make "a long time ago" but rather, need to make backups periodically, and probably a good idea to do so after any large transaction. Nobody talks about this, so had I not read this, I wouldn't know either. At least I'm armed with this info now, and I'll backup periodically because of that

It's my understanding that change addresses usually use the unused pool addresses, then every time you use 100 it will make another new 100 addresses to use. So you technically only need to backup whenever that mass generation happens.

darkproton

hero member

Activity: 658

Merit: 500

Quote from: jdp527 on February 27, 2014, 07:21:57 PM

Quote from: DaFockBro on February 27, 2014, 06:35:12 PM

Quote from: kahir on February 27, 2014, 06:19:57 PM

okay i sold my dark until this dip end .....

bought at 0.0011 sold at same price ......hope this problem with exchange get fixed ...that dump scares me....

Rookie mistake. Spartans hold. Especially when DRK is clearly undervalued right now due to hacker dumps.

Check out this graph of BP stock price going through the oil spill. This is right where I bought in to BP btw:

Love that graph. BP was my first trade. It lead me to my job now. Just bought up 500 more dark btw.

100%!!! I also liken this to tesla. The stock tanked when the cars battery's were catching fire due to drivers crashing into things. Now look at it. People were freaking out that the car would spontaneously combust. Sold all the way down to 120. Up to ~255.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: eduffield on February 27, 2014, 07:59:41 PM

It's my understanding that change addresses usually use the unused pool addresses, then every time you use 100 it will make another new 100 addresses to use. So you technically only need to backup whenever that mass generation happens.

I was told that every time you send coins and a change address is used, a new one is generated, so that there are always 100 addresses ready to be used. There is no mass generation. That also means that no matter when you make a backup, you have 100 sends left to make the next backup.

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: HooDude on February 27, 2014, 06:49:31 PM

Is it more profitable to mine DRK directly, or to mine something else like Doge or Mint and then trade for DRK?

It WAS more profitable to mine/buy MINT.
I bought at 7 sat.
And sell 25% at 42 to buy DRK cheap little under 0.001 ..

I'm happy with this...

Right now I'm searching a cpu-coin to mine, to buy more DRK because they still cheap @market. For the moment didn't find.
Mean while still minig DRK...

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

Quote from: TanteStefana on February 27, 2014, 07:20:22 PM

Quote from: TanteStefana on February 27, 2014, 12:11:01 PM

Here it is!

https://en.bitcoin.it/wiki/Securing_your_wallet

A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us

Thanks

So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.

I hate to keep bringing this up, but could eduffield, CHAOSiTEC , InternetApe or someone tell me if this is true or not? Thanks so much!

It's my understanding that change addresses usually use the unused pool addresses, then every time you use 100 it will make another new 100 addresses to use. So you technically only need to backup whenever that mass generation happens.

Lebubar

legendary

Activity: 1288

Merit: 1000

Quote from: btc-mike on February 27, 2014, 06:37:27 PM

Darkcoin has been added to

The CPU Coin List

The CPU Coin List is a sortable page of alternate cryptocurrencies that are still profitable when mined on your CPU. Here is the CPU Coin List thread on Bitcointalk.

Does any one have or want to write a simple description for Darkcoin?

Should be interesting to aggrate some info like :
Lauch date of the coin
The actual number of coin mined
...

jdp527

newbie

Activity: 51

Merit: 0

Quote from: DaFockBro on February 27, 2014, 06:35:12 PM

Quote from: kahir on February 27, 2014, 06:19:57 PM

okay i sold my dark until this dip end .....

bought at 0.0011 sold at same price ......hope this problem with exchange get fixed ...that dump scares me....

Rookie mistake. Spartans hold. Especially when DRK is clearly undervalued right now due to hacker dumps.

Check out this graph of BP stock price going through the oil spill. This is right where I bought in to BP btw:

https://i.imgur.com/NaAzbsc.png

Love that graph. BP was my first trade. It lead me to my job now. Just bought up 500 more dark btw.

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: TanteStefana on February 27, 2014, 12:11:01 PM

Here it is!

https://en.bitcoin.it/wiki/Securing_your_wallet

A pretty paranoid piece, so perhaps incorrect, however if you look down to the section that says Securing the Bitcoin-QT or bitcoind wallet, you'll see what I read. Perhaps I'm understanding it wrongly. Or perhaps it's wrong? Please, smart guys and gals out there, check it out and confirm or clarify for us

Thanks

So when a backup is first created, it has all of your old keys plus 100 unused keys. After sending a transaction, it has 99 unused keys. After a total of 100 new-key actions, you will start using keys that are not in your backup. Since the backup does not have the private keys necessary for authorizing spends of these coins, restoring from the old backup will cause you to lose Bitcoins.

I hate to keep bringing this up, but could eduffield, CHAOSiTEC , InternetApe or someone tell me if this is true or not? Thanks so much!

eduffield

legendary

Activity: 1176

Merit: 1036

Dash Developer

We're starting up the test a bit early, come join us!

https://bitcointalksearch.org/topic/m.5415614

TanteStefana

full member

Activity: 280

Merit: 100

The Future Of Work

Quote from: AlexGR on February 27, 2014, 05:58:34 PM

Quote from: atomjuice77 on February 27, 2014, 05:45:34 PM

Yeah, I mean the person who bought them at 8 satoshis must feel gutted right now for how "worthless" they are at 0.001 Grin

LOL, maybe I should reconsider, LOL

HooDude

newbie

Activity: 55

Merit: 0

Is it more profitable to mine DRK directly, or to mine something else like Doge or Mint and then trade for DRK?

DaFockBro

newbie

Activity: 126

Merit: 0

Quote from: drawing1211 on February 27, 2014, 06:40:13 PM

Quote from: fearcoka on February 27, 2014, 06:32:01 PM

Quote from: kahir on February 27, 2014, 06:19:57 PM

okay i sold my dark until this dip end .....

bought at 0.0011 sold at same price ......hope this problem with exchange get fixed ...that dump scares me....

Youre now missing the pump thats going to happen within a few hours

Yeah, I'm not a huge fan of these rumors but dark was mentioned as being pumped sometime this evening all over twitter. =/

Would explain why the price has been kept down anyhow. Hope you guys didn't sell your coins cheap if this is true.

That's because the Darksend test is happening at 9. Making progress on this feature will naturally increase the value of Darkcoin.

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6751. (Read 9723768 times)