7 ways to get your money back from a Bitcoin Scam - Scam ...
7 ways to get your money back from a Bitcoin Scam - Scam ...
Dark Wallet: Private Bitcoin Web Wallet with Coin Mixing ...
How to Use The Darkcoin Wallet and Darksend - Coin Brief
Samourai Wallet - Home
The Beginner’s Guide to Buying Goods on ... - Bitcoin News
PSA: Don't fall for Darkcoin's deceiving marketing and pump and dump. It's just a copy of CoinJoin (created by a Bitcoin core dev, for Bitcoin), and does not give perfect anonymity.
The whole point of CoinJoin is that even though it doesn't guarantee perfect anonymity, it comes in handy because it can be used on top of Bitcoin (eg: Bitcoin's Dark Wallet), no need to modify the core nor create a new coin. So this is my prediction for the possible finales for Darkcoin:
Bitcoin wallets implement CoinJoin (eg: Dark Wallet) and turns out to be good enough. Darkcoin dies.
Bitcoin devs decide to make CoinJoin part of the core. Darkcoin dies.
A coin with perfect anonymity is developed (could be Bitcoin). Darkcoin dies.
Edit: Commentators informed me that Darkcoin is closed source. Wtf, really? I'll take doge over DRK any day if I have to choose. Edit2: Darkcoiners are claiming that it is open source because they have a Github link. Yes, we can see a basic clone in there, but it doesn't have its main feature, the coin mixing with CoinJoin (which they renamed into DarkSend for no reason), which remains closed source as explained here. Edit3: Apparently it was also insta-mined. Edit4: Coins that give better anonymity than Darkcoin: All the coins that use the Cryptonote technology.
My mostly-impartial take on the top 20 coins on CoinMarketCap
Backstory: I have a friend who is becoming interested in cryptocoins, and I decided to write about a sentence to share what I know about the top 20 coins on Coinmarketcap. As for my knowledge: I've been obsessive about crypto since 2010, but I've taken some time off out of irritation with the soured bitcoin community (I did take a side in the debate for awhile, now I'm disgusted with the entire community). Everything below is recollection and opinion. Much of my knowledge is greater than two or three months old, except for Augur, which I still follow closely. Please - read along and feel free to berate me. 1 Bitcoin - Bitcoin is the oldest cryptocurrency, and the coin with the most adoption. Despite the high market cap, it is bending under it's own weight. The core developers and the miners have scary agendas. Bitcoin is likely to survive and thrive, but not because of anything the community has done to help it. 2 Ethereum - Ethereum isn't technically intended as currency, but some see it as bitcoin 2.0 because it extends the basic blockchain ledger idea. Because Ethereum has a turing complete scripting language built into it, it is more susceptible to new attacks and will need to be substantilly hardened for years to come. The development team is led by Vitalik Buterin, a young genius. Ethereum is generally seen as having a strong development team and a lot of future potential, especially in managing sub-tokens and smart contracts like Augur and Digix. 3 Ripple - Ripple is poorly regarded by many seasonsed cryptocurrency users - many (including myself) do not regard it as a cryptocurrency, but as a general scam. Note that Ripple has low market volume and few privacy protections. 4 Litecoin - Litecoin was the second cryptocurrency to be developed (after bitcoin in 2012) and it is currently traded in China because the developer base is Chinese. Litecoin is literally a bitcoin clone with two modifications. It has potential for speculation, but is not generally used in the US. 5 Monero - Monero is the strongest privacy-centric coin. It uses a novel blockchain solution called ring-signatures that forces mixing for every transaction. Monero took a long time to catch on because of the absence of a GUI wallet. A GUI wallet was recently released. Monero got a recent pump by being the primary currency of Alphabay - instead of bitcoin. (Personal note: I sold all of my monero and I regret it now. Please PM me seed phrases containing coins!) :P 6 Ethereum Classic - Ethereum Classic is quite literally a "grudge coin". Some ethereum users were upset when an Ethereum Contract (The DAO) was rolled back by the Ethereum team, and they revolted by remaining on the old Ethereum fork - the fork that did not roll back the DAO. Many users also see this as a part of the bitcoin hardfork argument because it seems apparent that those who do not want to fork bitcoin to raise the blocksize limit are staging a protest to demonstrate how badly things can go if a coin is forked. 7 Dash - Dash is a very interesting fork of bitcoin with several neat features and a very aggressive development roadmap. Dash is the most prominent coin to pay nodes for obfuscating transactions. People who hold 1000 dash can run a masternode and support darksend transactions while receiving dash in return. This has been very positive for dash in the long run because it makes the token worth hoarding. Dash also has a anonymous transaction solution that has had some scrutiny from the crypto community because of suggestions that one person (government) hosting many masternodes could deobfuscate transactions. 8 MaidSafeCoin - MadeSafeCoin is one of several tokens designed to foster decentralized cloud based data storage. MaidSafe has been in existence for a very long time but only really got traction when the cryptocurrency revolution started. MaidSafe's primary competitor is Storj, though, the last time I checked, both teams deny they're competing. 9 Augur - Augur is a decentralized prediction market platform that is currently in alpha development. The token (Reputation) was released several months ago by users hoping for a quick product launch, but they were disappointed and many sold, leaving the token very cheap. All indications are that the development team is being careful and meticulous to release a working product and avoid something similar to the DAO fiasco. If Augur Reputation is successful, holders of the token will receive regular payouts for reporting on the correct outcome of prediction markets. 10 Steem - Steem is a token-incentivized discussion board, sort of similar to reddit or quora. The basic gist (I believe) is that users reward other users with tokens for submitting worthwhile content. This is probably over-simplified and wrong 11 NEM - I am not familiar with NEM. 12 Iconomi - I am not familiar with Iconomi 13 Dogecoin - Dogecoin started as a meme based on the Shiba Inus dog breed, it was originally a litecoin clone that gained tremendous community traction based on the concept of doing good and sharing good will. The token was widely dismissed, though it has maintained some usefulness. 14 Factom - Factom is a project that verifies the legitimacy of information and databases by stamping/hashing the data in the factom chain. This insures data integrity and could allow proof of ownership, proof of invention, proof of accurate records, etc. Factom was a big deal when it was launhed, but as with many other tokens it doesn't have the same luster as investors have moved on to other tokens, despite the inherent usefulness. 15 Waves - I hold some Waves and I don't even know what it is right now. 16 Stellar Lumens - I don't recall what Stellar is at this moment. 17 DigixDAO - Digix is intended to serve as digital gold. The concept is that the maintainers of digix will hold literal gold reserves in a vault equal to the issuance of tokens. There are regular audits, and demonstrable proof of assets. People who depend on literal assets tend to like the knowledge that their asset is tied to a physical asset, but others feel like this totally misses the point of scarcely created cryptocoins (i.e. bitcoin). 18 Zcash - Zcash is a new privacy-centered cryptocoin. Much hyped. 19 Lisk - Lisk is an ethereum clone, similar to what Ethereum Classic has become. I consider it in the same league as Litecoin to Bitcoin. 20 GameCredits - Something, Something, something, get paid for playing games and exchange game credits with other gamers.
GoByte - MasterNode Coin GoByte (GBX) is a cryptocurrency based on Dash aimed at vendors to provide monetary services . GoByte features the masternode technology, which provides to the network near-instant and secure payments as well as anonymous transactions. The near-instant payments known as InstantSend technology, average at 1.3 seconds per transaction. The anonymous transactions known as PrivateSend technology, mix your funds trough the masternodes network, making near-impossible to trace back the origin of the funds. GoByte Network is a modular network based on the blockchain technology. The GoByte's modules are developed independently yet, they all have the same blockchain as a core, and work all together to create a fast and secure network. Thanks to the modular structure of the GoByte's Network, modules can be updated independently without causing errors or issues with other modules. Our developers are working tirelessly on bringing new and innovative modules to be merged later with the other modules of the network. Every module is developed by its own team lead by a Senior Developer, this way we offer to our developers a clean canvas to be filled by their own imagination. The first and biggest module of the GoByte Network is the "Pay" module, which acts as a payment gateway, central bank and cold wallet at the same time. The "Pay" module is the network's center support, working directly on the blockchain, being able to create and execute transactions which will later be confirmed by the masternodes and miners. Our project is not aiming to build the blockchain around the existing economy. We are aiming to create a new economy around the blockchain. The first step into building the GoByte Network economy is by providing liquidity and ways to acquire GBX coins. Therefore, a part of our current development team which has past experience into building, developing and maintaining bank ATMs that are currently being actively used around the word, have decided to build and develop our own ATMs and POS Terminals along with Card Reads and more. All of those devices will be directly linked to the GoByte Pay module which will attribute to the customers an identity and act as a central bank of the entire economic system. Allowing you to deposit, withdraw, perform payments, loan GBX coins, link or request GoByte Pay Debit/Credit cards to use with our ATMs, POS Terminals or CardReaders. In order to create a self-sustaining economical system, GoByte had implemented the Governance feature, currently found in Dash and more other cryptocurrencies. The governance feature allows to the masternode holders to vote, fund or reject proposals submitted by the community, from event sponsorships to acts of charity or developer bounties. By funding projects, the community can sustain the media/events appearance and even the development, without the reliance of a central development team. Specifications ◆ Algorithm NeoScrypt ◆ Block time 150 seconds ◆ Block Reward 15 GBX decreasing by ~15% every year ◆ Estimate Supply 31.8 Milllion ◆ Required 1000 GBX for Masternode ◆ Masternode 50-80% Block Reward ◆ Superior Difficulty Retargeting Using Dark Gravity Wave ◆ Superior Transaction Anonymity Using PrivateSend ◆ Difficulty retargets using Dark Gravity Wave ◆ 2.7% Premine*
GoByte, has a premine of only 2.7% that will be used only and only for airdrops, bounties, exchanges, and future projects like the Web Wallet, Android/IOS Wallets and much more.
Masternodes help keep integrity of network and enable support for Darksend and instant send. You need 1000 GBX to setup a masternode and start to earn rewards. RoadMap Roadmap GoByte Blockchain Start ◆ Launch Website (Done) ◆ Window, Mac and Linux Wallet Release (Done) Get listed on Exchanges ◆ CoinsMarket — Completed ◆ Stock.Exchange — Completed ◆ CoinsExchange — Completed ◆ Cryptopia — Completed ◆ CryptoBridge — Completed ◆ HitBTC — Completed ◆ TradeSatoshi — Planned ◆ Upbit — Planned ◆ Kucoin — Planned ===[Q4 2017]=== ◆ Genesis Block and initial launch — Completed ○ Announcement on BitcoinTalk.com since block 2 — 17 Nov 2017 ◆ Website Release — Completed ◆ Windows, Mac OS, Linux Wallets Release — Completed ◆ Listing on first 4 small/medium sized exchanges — Completed ○ CoinsMarkets.com — 18 Nov 2017 ○ Stocks.Exchange — 19 Nov 2017 ○ Cryptopia.co.nz — 22 Nov 2017 ○ CoinExchange.io — 04 Dec 2017 ◆ Listing on useful Crypto websites — Completed ○ CoinMarketCap.com — 20 Nov 2017 ○ Masternodes.Online — 21 Nov 2017 ○ CryptoCompare.com — 22 Nov 2017 ○ CoinGecko.com — 26 Nov 2017 ○ CoinRanking.com — 04 Dec 2017 ○ CoinHodler.io — 04 Dec 2017 ○ Masternode.Pro — 05 Dec 2017 ○ WhatToMine.com — 02 Jan 2018 ===[Q2 2018]=== ◆ Listing on decentralized exchanges [2/2] — Completed ○ BarterDEX — 05 Jan 2018 ○ Crypto-Bridge.org — 29 Jan 2018 ◆ Web Wallet — Completed. (integrated into "Pay" module) ◆ Android App — Under Dev. ○ Coinomi Multiwallet — 05 Jan 2018 ◆ IOS App — Under Dev. ◆ WhitePaper & Translation — Completed ◆ Dev. of "Pay" module — Under Dev. ◆ "Pay" module mobile apps — Under Dev. ◆ Listing on another 3 medium/big sized exchanges — Completed ○ HitBTC — 16 Apr 2018 ○ CoinSwitch — 04 May 2018 ○ IndaCoin Exchange — 17 May 2018 ===[Q4 2018]=== ◆ Electronics Shop — Planned ◆ Starting the development of the "Market" module — Planned ◆ Atomic Swaps/Exchange — Reconsidering ◆ Marketing and Awareness campaign — Under Revision ◆ Hiring PR team — Under Revision ◆ Attract Merchants — Constant ===[Q1 2019]=== ◆ Start dev. of POS Terminals — Planned ◆ Testing GBX payments on vending machines — Planned ◆ Starting development of the "Overwatch" module — Planned ◆ Starting development of the "Mint" module — Planned ◆ Start building cloud mining farm. Share profits among MasterNode owners — Planned ◆ Hardware wallets for GoByte tokens — Planned ◆ Attract Merchants — Constant ===[Q3 2019]=== ◆ Smart Contracts — Reconsidering ◆ Starting development of the "Social" platform — Planned ◆ Founding or Partnering with an academy for "GoByte Academy" — Planned ◆ Founding the "Blockchain Innovation of the Year" event with prizes — Planned ◆ Attract Merchants — Constant ===[Future]=== ◆ AI that maps data and cryptographs it into a blockchain ?? — Future ◆ Quantum Ressistance ?? — Future ◆ New Algo ?? — Future ◆ Moving to DAG ?? — Future Downloadshttps://github.com/gobytecoin/gobyte/releases/download/v0.12.1.3/GoByte_0.12.1.3_Windows64.ziphttps://github.com/gobytecoin/gobyte/releases/download/v0.12.1.3/GoByte_0.12.1.3_Windows32.ziphttps://drive.google.com/file/d/17lQ24gft63gC1ZZcljghau6LKTEmU4Sn/viewhttps://github.com/gobytecoin/gobyte/archive/v0.12.1.3.tar.gz Websitehttps://gobyte.network/
Is it just like bitcoin blockchain? What happens when I mix my funds? Do I get the mixed dash in new wallet such that after darksend/mix nobody will know where my coins went? And I can send them out freely from this new address that nobody knows belongs to me?
ZEALIUM COIN Masternode. Darksend. Environmentally Friendly Proof Of Stake Cryptocurrency. Made In NZ. Coin Specifications Name: Zealium Ticker: NZL Algorithm: POS Total Coins: 80,000,000 Total Premine: 1,000,000 [1.25%] Block Rewards: Block 0001 -1001 [1 Million Pre Mine, POW Ended Here]. block 1002-500000 - MN 10 / STAKE 4 / GOV 1 block 500001-1000000 - MN 7,5 / STAKE 3 / GOV FUND 0,75 block 1000001-1500000 - MN 5 / STAKE 2 / GOV FUND 0,5 block 1500001-Infinity - MN 2,5 / STAKE 1 / GOV FUND 0,25 MN Collateral 4,000 NZL Staking Maturity: 6 Hrs Block Time: 60 sec Road Map Q1 2018: Create Zealium DONE Complete Whitepaper- DONE Create Block Explorer DONE Complete Roadmap On going Launch Discord Forum- DONE Launch Twitter- DONE Launch Facebook- DONE Create Website- DONE Q2 2018: Launch Zealium Launch ICO DONE Exchange Listing DONE Celebrate with Airdrop/s DONE List Coin On Dice-Age.com DONE List On Masternodes Online DONE Begin Community Involvment STARTED Add To Dev Team DONE On going Donate A Charity Masternode Integrate With Local Platform Traders DONE On going Integrate With Local Metal Recycling Company DONE Update Roadmap - From Potential Community Input Start Charity Masternodes DONE 1 of 2 Q3 2018: 1st Official Progress Report Continue Approaching local NZ Trading Companies More Exchange Listing DONE List On Delta & Blockfolio DONE Begin POS Web Wallet Development DONE Charity Masternode Voting/Selection Q4 2018: Hire Public Speaker Promote Crytpocurrency and POS technology adaption Zealium Real World Use Case Competition (bounty) Android Wallet Development DONE upgrade coming Make Promo Videos (bounty) Contact Charity Masternode Winners Q1 2019: Release Charity Masternodes And Earnings To Winners Update On Online POS Wallet Progress Add Zealium To Current New Zealand ATM Machines Purchase 1 Bitcoin/Zealium ATM Machine Q2 2019: Install Bitcoin/Zealium ATM Machine Begin Development Of Crypto Currencey Auction Site 03 2019: To Be Announced Any Questions Please Ask. Thank you for your time, your trust, your Input. Finest Of Futures, The Zealium Team EXCHANGE LIST Binance Huobi Kucoin Bibox Qryptos Satoexchange BIGone Bitrue Bilaxy Bit-Z Linkcoin SECURE WALLET Ledgerwallet Trezor
📌 QUE SON LOS DASH MASTERNODES, UNA BREVE EXPLICACIÓN 📌
https://steemitimages.com/0x0/https://steemitimages.com/DQmYNnWbxaoKPvFj4cnKv9ZXxqM1n3yRx1rwiQJ63meFgC2/image.png Entre los aspectos informáticos de una red, podemos encontrar elementos que se encargan de procesar toda la información, enrutar paquetes, encriptar, validar y verificar todas las tareas que se realizan en una red local o conectada a internet. Un cluster se define como un sistema de procesamiento paralelo o distribuido. Consta de un conjunto de computadoras independientes o interconectadas entre sí, de tal manera que funcionan como un solo recurso computacional. Los cluster a su vez están formados por nodos, equipos de computación tradicionales o servidores que se encargan de realizar una o mas tareas especificas dentro de la red con uno o mas nodos, estos equipos pueden tener diversas configuraciones tanto de hardware como de software, estar en diferentes sitios físicamente, pero siempre aportando poder de procesamiento o resolución de tareas al cluster. Un nodo maestro, dentro de la red informatica es aquel que se encarga de administrar, controlar y monitorear todas las aplicaciones y recursos del sistema en cluster. Estos equipos son usualmente servidores a los que se puede contralar remota o localmente y cuentan con todo el poder de procesamiento necesario para verificar las tareas entregadas al cluster. Muy bien... Ya teniendo en cuenta que es un cluster, un nodo y nodo maestro, vamos a establecer algunos terminos con respecto a DASH DIGITAL CASH. En primer lugar debemos saber que DASH es una divisa digital Centrada en la Privacidad, basada en el software de Bitcoin, con algoritmo X11, en con conjunto con una arquitectura de "dos niveles", para alimentar y mejorar la red de datos que la forman. El primer nivel consiste de la minería bajo un mecanismo de consenso llamado "Proof Of Work" (POW) (Prueba de trabajo) que se encarga de asegurar la red y escribir las transacciones en la bockchain. El segundo nivel consiste en un tipo de prueba conocido como en Nodos Maestros o MasterNodes, quienes se encargan de habilitar las características avanzadas de DASH. Los MasterNodes DASH, son computadores que corren una wallet de DASH con copia completa de su blockchain dándole robustez a la red, al mismo tiempo aseguran la mezcla de las monedas, el anonimato de las transacciones sostenido con un sistema conocido como "Proof of Service" (PoSe) (Prueba de Servicio), ya que los nodos deben asegurar los servicios que prestan, aparte de que los MNO - Master Nodes Owners toman parte de las decisiones sobre el uso del presupuesto. Para llegar a tener un MasterNode DASH, debes contar con varios requisitos, contar con una cantidad de 1000 DASH de colateral (siempre disponibles en la wallet) lo que se conoce como Proof of Stake" (PoS) (Prueba de sostenimiento), una dirección IP dedicada, asegurar la disponibilidad del nodo las 24 horas con un máximo de desconexión de 1 hora, un servidor dedicado o un servicio VPS - Servidor Virtual Privado corriendo con sistema operativo basado en Linux. Si alguno de estos requisitos falla no seras capaz de correr un MasterNode DASH. Los MasterNodes aseguran el sostenimiento, accesibilidad y disponibilidad de los siguientes servicios:
InstandSend: Esta tecnología permite a las criptodivisas como DASH, completar las transacciones con sistemas casi instantáneos, sin depender de una autoridad centralizada.
PrivateSend: Es la característica que da a los usuarios de DASH completa privacidad. Es una mejora y versión extendida del método CoinJoin, adicionando una serie de mejoras como la descentralización, fuerte anonimato utilizando encadenamientos, denominaciones y mezclas pasivas “adelantadas de tiempo”, lo que permite que la transacción sea formada por múltiples partes para fusionar los fondos de una manera que no se puedan separar ocultando la informacion de transaccion y evitando posibles robos de los fondos.
Gobernanza descentralizada: el sistema de gobernanza de los MasterNodes DASH, permite que las decisiones, propuestas y cambios importantes en el Core de DASH sean sometidos a votación por los dueños de los Masternodes, lo que da una de las características mas importantes de DASH, la DESCENTRALIZACIÓN, al someter todas las decisiones al consenso de la mayoría. Cada MasterNode tendrá 1 voto que podrás usar para propuestas de financiamiento o decisiones de impacto para DASH.
DASH EVOLUTION: es una de las nuevas características disruptivas que se incorporan al ecosistema DASH. Esta nueva característica te permitirá crear una cuenta directamente en la blockchain, manejo de libreta de direcciones, conexiones P2P entre los mas de 4500 nodos de DASH, wallets mas livianas y rápidas, ejecución tus transacciones de manera mas rápida y descentralizada, esta disponible en versión Alpha a partir de la versión 12.1 de DASH.
Los Masternodes de DASH indudablemente tiene un costo que corre por parte del dueño, así que por poseer un MasterNode activo en DASH, se recibe una recompensa, que viene directo de la actividad de minería. Mientras que en todas las otras criptomonedas, la recompensa por los trabajos y resoluciones de bloque van el 100% a los mineros, en DASH las recompensas son repartidas de manera distinta, donde el 10% va al fondo de tesorería, 45% va a los mineros y 45% a los MasterNodes uno a la vez. Actualmente 1,5 DASH son pagados a cada nodo cada 7 días. También debes tomar en cuenta que otro ingreso es el pago de los fees o comisiones que los MasterNodes ganan cuando los servicios que sostiene (InstantSend and PrivateSend) son utilizados. Como vemos la red de DASH esta muy bien constituida y sólidamente asentada con el sistema de los MasterNodes lo que permite sostener los servicios descentralizadamente a la vez que se protegen las transacciones y la privacidad de los usuarios. Si te parece interesante y quieres apoyarme, no olvides Upvote y follow y si quieres puedes dejarme tu propina en DASH por aqui: XvFbuBVMBRx7W9rABiQXWzaqTEsRqrrWkH Jahlexis Tafari Lugo
Hey y'all, welcome to /drkcoin! To check out the main page for a list of wallet downloads, source code, and pools check outdarkcoin.io First off, we have a TIPBOT! FOLLOW us on Twitter. Official twitter 0.00000% Pre-mined Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo) Block reward is controlled by Moore's law: (11111 / (((Difficulty+51)/6) ^ 2)) CPU & GPU friendly mining(Asic mining isn't impossible but; developing such an ASIC would be prohibitively expensive, thanks to the X11 algorithm's 11 rounds of hashing) Block generation: 2.5 minutes Difficulty Retargets based on Kimoto's Gravity Well 84 Million Coins Max Block reward halving every 2 years Here's one known working faucet Dark coin is much easier on your rig as it runs much cooler than most coins so feel free to hop on board. :) any questions about mining can and will be answered either right here in /drkcoin or in the Official darkcoin forum DARKSEND-An anonymous wallet called DarkSend and it hides the address FROM THE WALLET. The blockchain will not contain your wallet address but a throw-away address that is untraceable. Darkcoin is very new but we have an extremely talented developer who is working hard at making this a great completely anonymous coin and in the barely 1 month of existance there have been a massive influx of users. I truly believe that darkcoin is the only new coin with as much potential as bitcoin or litecoin. Darkcoin is currently on a few different exchanges already that I know of. Coined.com Poloniex.com Cryptsy.com EDIT: Thanks goodcore for pointing out I missed cryptsy and for proof reading. So, come join us over at /drkcoin if you have anymore questions.
Graphic explaining why Dark Cryptocurrencies (ANC, DRK) may spike in demand as a result of the recent Bitcoin heist
Bitcoin by its very design is traceable down to every transaction. This major heist has left many members tracking the flow of transactions down a binary tree. Whoever was behind this knows they are being watched and knows they can’t easily cash out without revealing their identity. http://i.imgur.com/sn7VsAJ.png So the question remains, How can they get away with cashing out without being discovered? Graphic: http://imgur.com/a/B7hkv One method is through dark cryptocurrencies like anon coin and dark coin. These altcoins have coin mixing protocols in the code or the ability to operate on darksend protocols. This makes it extremely difficult to trace specific transactions to specific addresses. While the binary tree is dispersing the wealth of bitcoins across many addresses they are most likely going to create a few accounts on trading platforms that deal with dark cryptos and start exchanging their bitcoins for AnonCoins and DarkCoins. Now these dark cryptos have already seen some recent spikes in demand shortly following the heist. This may be evidence that whoever got away with that wealth of bitcoins may already be testing this method. They would be using dark crypto coin exchanges as a proxy by converting the stolen bitcoins into dark cryptos and then turning them back into bitcoins under a different account. This method would allow them to cash out from entirely different wallet addresses and an entirely different Identity. We can’t expect to see these trading platforms step in and stop any transactions once they realize some bitcoins they are receiving came from a distant branch of the initial binary tree. If this post gets enough attention the trading platforms could be notified to watch for binary tree extension transactions to their own deposit accounts. This could be applied as a method to investigate the real identity of these movers. We (the community) would also have no way of knowing if any of these addresses represent internal and therefore unpublished wallet addresses of particular trading platforms. In the highly probable event this tactic is applied, we may see a spike in demand for these dark crypto coins as they have a lot of bitcoins to move if they want to cash them all out. This indicates they are most likely testing this method now and preparing to move large amounts soon. For these reasons AnonCoin and DarkCoin may see a huge spike in demand very soon. What do you guys think? Are there any holes in this theory?
With the recent meteoric price rise of darkcoin, presumably based on the announcement of the masternode scheme, I wanted to share some concerns about the implementation of darksend that I have. As many here may know, there are posts on btctalk forum about how darkcoin is an instamine scam coin, due to various factors such as linux-only launch and changing coin cap, such as this post. I'm not gonna lie, I bought some dark even after reading that thread, and I've made a little btc from it. However, the fact remains that darkcoin has one of the worst distributions of any major altcoin now. Using the percentage of total coins owned by the top 100 addresses (from bitinfocharts), darkcoin and blackcoin are almost the worst, with 60% of the total coins being owned by the top 100 addresses (quark is near 65%). For some perspective, dogecoin, litecoin, and vertcoin are about 50, 45, and 37%, respectively, while good old bitcoin is at only 19%, which includes Satoshi coins. What's the problem with concentration of wealth? Not much for a normal PoW coin, but now the dev(s) (who are presumably holding quite a few of those top 100 addresses) have implemented a system that rewards those who run a so-called masternode with a portion of every block reward. These masternodes are used to anonymize transactions, but in order to run one the owner needs to have at least 1000 DRK in their wallet. Putting aside any concerns about centralization by forcing all transactions through masternodes, this just seems like a scheme for the largest holders of darkcoin to earn interest on their holdings without actually mining. Who will have the ability to run the most masternodes? Of course the people who already have the most DRK. It just seems like a coin that already has one of the worst distributions out there is setting itself up to further concentrate wealth. Am I missing something here? It would seem I hold a minority view based on the recent price movement.
BTG is in top 10 in CoinMarket Cap! Here is why it should be in the top 5.
How I see the top 10 currencies on CoinMarketCap.com
1 Bitcoin is the number one cryptocurrency, with all the hype and all the press. I do not see any coin overtaking it in the near future. Probably never.
Bitcoin Gold IS better than bitcoin in MANY ways.
A) Bitcoin Gold allows for GPU mining on people’s home computers and it is ASIC resistant, which makes for a more decentralized coin. (One of the founding principles of bitcoin, which has fallen by the wayside with Chinese asic (such as BITMAIN) controlling most of the mining market and allowing it to pull all sorts of shenanigans. B) Bitcoin transactions have become slooooooooow! (Bitcoin GOLD is much faster) C) Bitcoin transactions are PRICEY! You can't even send someone $10 worth of bitcoin because the fees would eat the entire transaction. This is why STEAM dropped bitcoin. The fees have become ridiculously high (see miners controlling the market above as to reasons for this) Bitcoin Gold has lower fees. D) The network for bitcoin can be VERY unstable. Whenever Bitmain wants to move the miners over to it's own fraud coin, bitcoin cash, they slow the market and delay transactions. This should be seen for what it is: an ATTACK on bitcoin. With all that said, bitcoin still carries on and the price continues to climb! It remains #1 in marketcap.
2 in marketcap is Etherium. People love to remind you that Microsoft is backing Etherium. Yeah, but guess what. Etherium's network is an absolute mess!!
Hundreds of millions of coins have been lost because of a "bug". WOW. The 44billion dollar Ether network was brought to its knees by Crypto Kittie, a digital cat child’s app that uses Etherium contracts to trade digital pussies. Etherium shouldn't be number 2. Not until they can create a stable network. Who knows what will bring it down next? Digital dogs?
3 Bitcoin Cash. This currency is a fraud. It merely exists to allow Bitmain to use asic boost, to give it an advantage mining coins. Once Segwit went into place on bitcoin they could no longer use asic boost and lost their advantage so they forked bitcoin for greed. They tried to take a bunch of miners with them and force everyone who wants to buy an antminer to pay for them in Bitcoin Cash, driving up BCC and trying to take down BTC. This is a fraud currency and everyone should ignore it, and let it die on the side of the road like the diseased rodent it is.
4 Litecoin This is a great coin. It is more stable than every coin above it. The network is reliable and the transactions are fast. As if that were not enough, the fees are ridiculously low. So low that they have attracted STEAM, who just dropped bitcoin, to allow people to purchase on their store with Litecoin.
This should be the number 2 coin, in my opinion. (only because nothing is going to dethrone Bitcoin.)
5 Ripple If you have ever invested in ripple, and thought the price was going to go up and was surprised how it suddenly came crashing down, well you are not imagining things and you are not alone. The price on this coin is manipulated.
Don’t be me wrong, Ripple is a useful coin with good tech behind it. Fast transactions, good scalability and low fees, but this coin is used by banks to transfer fund between them. They do not want to the value to go up because that would make the fees larger. This “global “token is mainly traded on Korean exchanges. This coin was not designed to be a holder of value, so if you are looking to invest, I would stay away from Ripple. Anything over 25 cents is risking a sudden plunge. I’m amazed to see it at 36 cents.
6 IOTA - I love IOTA. What a great coin with a great team behind it. The network (Tangle) is very advanced and they love to brag about how they are an improvement over bitcoin. The people involved in IOTA tend to be very passionate and haters of blockchain.
The problem? Well, their wallets don’t even work! You can buy it on Binance, but you can’t even withdraw it because they have so many problems trying to get a wallet to be stable. For a coin that suddenly shot up to $5 (I rode a lot of that up and jumped out) on the news that they were working with Samsung, Microsoft and others on an information sharing network, I would think they could get their transaction network up and running so people can keep coins reliably in their wallets and get them off exchanges.
7 DASH One of a kind. The network funds itself. Unheard of. It’d decentralized with Masternodes that vote on how to spend the budget. (masternodes controlling the future don’t sound decentralized to me, but I digress) They claim instant transactions and privatesend (wasn’t this darksend?) This used to be XCoin in Jan 2014. 10 days later the core dev team changed the name to Darkcoin. Later they changed the name to DASH (not to be confused with Dashcoin, which is exactly what many people do… get confused.)
Some people would say there is a dark side to Dash coin, but to each their own.
8 NEM My first question is if the currency is called NEM, why is the symbol XEM??? NEM codes its own blockchain making it efficient and stable. If you hold 10,000 XEM, you can harvest(?) which incentivizes people to hold, which will inflate the price. (HODLING is the main reason bitcoin goes up in price. If everyone were day trading it can you imagine the volatility? When you limit the supply and there is still a high demand the price must go up. Simple as that.) NEM (or XEM) is not discussed very much and is not widely known. This is odd considering its high market cap (top 10 baby) and its solid tech. NEM (like bitcoin gold) needs some good marketing.
#9 Monero This is a PRIVATE COIN, untraceable currency. This coin has a purpose, and that purpose is protecting the privacy of the users of it. You can send and receive Monero without knowing who you sent or received coin from. This coin will increase in value as demand for privacy will only continue to increase and this is the world’s number one privacy coin (sorry dash). Some people may have ethical reasons to not want to invest in a coin that may be used for all manner of shady dealings online. That’s up to you to decide. Are you against fiat cash? For the most part cash is untraceable too, and people use it for all sorts of shady things, but people also use it for plenty of good things.
10 Bitcoin Gold Finally a version of bitcoin I can mine on my computer at home! YEAH!!! Bitcoin is SUPPOSED to be decentralized, and this is the ONLY flavor of bitcoin that lives up to that. It’s the same block interval and block size as bitcoin, but it updates difficulty on every block and prevents ASIC’s by using POW Equihash so people can mine on GPU’s at home.
As I mentioned above, Bitcoin Gold has faster transfers with lower fees and the network is not able to be manipulated by companies such as Bitmain, because large ASIC farms have no control over this network. Some mysterious forces (I wonder who?) attacked Bitcoin Gold when it first launched, with DDOS attacks and faking wallets. Despite the rough start, bitcoin gold has been widely accepted at 25 exchanges including Bittrex, HitBTC, Bitfinex, Binance and Yobit! It has even found a home in hardware wallets like Trezor and Ledger. You can use Coinomi on your phone too. http://amzn.to/2AeoyMI <----- Check Out Trezor Hardware Wallet! THE TOP 5 COINS FOR ME: 1) Bitcoin (obviously) 2) Litecoin 3) Etherium (Because of the hype) 4) Monero 5) Bitcoin Gold Honorable mentions: IOTA and NEM Find this post useful? Please donate BTG : ANYwhWdjfxQBokXR5dzDixvu8UB5PkqRfg This took a long time to type. :)
How do we prove anonymous transactions to someone else?
What if I want to do a purchase online with DarkSend and the merchant claims: "Sorry, didn't get any coins, no product/service for you." Now in BitCoin I can publish the linked tx-ID and prove it's coming from my wallet, signing an arbitrary message with it. But with DarkSend and DarkCoin a signed message is the last thing on my mind, because... you know... anonymous? If I hand someone actual cash (which DRK strives to become) over the internet but I don't want anyone to know it's coming from me, what prevents the accepting party from also claiming it didn't, thus withholding any return service? There must be a trustless and also anonymous way. I feel like I am overlooking something extremely obvious here. Anyone care to help me out? Obvious Solution I don't need to prove the source of the money, only the that the transaction took place. Thanks to everyone who participated.
The only coin that has a future, and I'm not just saying that to be annoying, is DarkCoin. Started January 18th it is a new alt coin, however, it has a highly talented developer. Here are some of the features of this new coin: 11 hashing algorithms to make it ASIC resistant, it's still a viable CPU miner, I mine with both CPU and GPU. It also runs the GPU MUCH cooler, 30% cooler leaving your room cooler and not wearing out your GPU or stressing the system so badly (and quieter fans!) But that's not the good part. Evan Duffield, our developer, has created an anonymous wallet. Not with a mixing service or TOR no, this is called DarkSend and it hides the address FROM THE WALLET. The blockchain will not contain your wallet address but a throw-away address that is untraceable. Even the coins are difficult to follow, using an implementation of coinjoin. It's a simple yet effective solution. Simplicity = much harder to crack. As Einstein said, the solution should be as simple as possible but no simpler" Darksend is working NOW, in beta. it is closed source until the developer has everything worked out, so no faulty code is grabbed and used by other alt coins. The only issues I see with it now are that sometimes, the transaction gets kicked back (no coins lost though), and to set your wallet up requires you to issue a command in the console, which is clunky. I'm sure the user interface for Darksend will be smoothed out, it's just still in Beta. Our highly talented and dedicated developer has other plans for the coin that he has only hinted at, and I don't doubt he will come through on that as he has been very responsive to all issues that have come up since launch, implementing KGW right as our first mining whale plopped down on us, and this has since kept the whales away or at least at bay. Coin rewards for mining are based on 2222222/(((Difficulty+2600)/9)2) = Reward The graph looks like this: http://www.steemjammer.com/images/graph.png there is a hard limit of 84 million coins, but this limit will take proximately 70-80 years to reach depending on how popular the coin is to mine. Once difficulty reaches approximately 5000, the coin rewards will bottom out at 5 coins per block and stay there until the 84 million coin wall is hit. This coin is well thought out, well planned, has an excellent team of developers lead by Evan Duffield, a young man with Software and system development experience in the Banking industries. You can't get better than this! P.S. I just wrote this for one of my pool that I mine bitcoin in where they're thinking of adding a coin. I figured it would be usesful to post in a more public place :)
Airdropping masternodes — fair distribution & healthy economy of MTNC
One such worthwile project is Masternodecoin (MTNC), of which the first airdrop took place at the turn of August and September. Masternodecoin is a cryptocurrency based on DASH with 2MB block size, 60 blocks confirmation, and Proof of Stake (PoW SHA256d algorithm was only used to premine coins). Those lucky ones who supported this project from the beginning and participated in the first airdrop, got the amount needed to set up a masternode for free, but anyone who owns at least 50,000 coins can run a masternode. Masternodecoin rewards “connectivity age” instead of “coin age” thus eliminating the abuse from exchanges and users that do not actively contribute to the network. By having a static reward system, the rewards for participation are proportional to the work of each active node. Currently there are about 90 masternodes and the number is constantly increasing. These MTNC nodes allow instant transfers between addresses in a decentralized way, so even if several of them stop working, transactions are still validated without any problems. Masternodecoin also allows you to send funds using the DarkSend feature, which is fully anonymous, mixing coin transaction. Mixing removes any traces that would allow to discover the address or IP of sender. Imagine that you can transfer any amount of money to other side of the world in seconds, completely anonymously! With DarkSend, this is possible. MTNC on Coinmarketcap.com The total number of created coins is almost 104,000,000, with about half amount in circulation (locked in masternodes or on wallets and exchanges). MTNC is listed on two well-known crypto exchanges — Cryptopia and NovaExchange. Current price ranges between 1800–2200 satoshi per one MTNC, which allows to set up a masternode for about $ 10,000 (assuming present bitcoin price at around $ 10,000) and ROI may vary between 200%-300%. Considering the growing popularity of cryptocurrencies with masternodes for steady passive income, this is not an excessive price, especially since the MTNC has a lot of potential for growth thanks to the currency development plans we can see on the roadmap below. Masternodecoin roadmap The roadmap looks very appealing, thanks to the interesting features that dev plans to implement — search engine with private search or peer-to-peer chat with all messages after read, are just some of them. In addition, a very good idea for the whole currency ecosystem are the regular burnings of coins. By the end of November next year, half of the total supply of coins will be destroyed (50,000,000 MTNC). Thanks to this, as well as six rounds of airdrops, the distribution of coins is very fair, and anyone who sets up their masternode now should be happy with the future profits and growth of the MTNC value. With a huge amount of new blockchain projects and hundreds or even thousands of cryptcurrencies, it’s really hard to find such a remarkable project like Masternodecoin, with engaged dav and quickly growing community. If you are interested in Masternodecoin, you are most welcome to join the third round of airdrop, which is happening right now on the Bitcointalk forum. You can also join the discussion on the slack channel. Some useful links:
Why Reddcoin is going to the top, part 2 Yesterday I posted part 1 of my article, “Why Reddcoin is going to the top”: http://www.reddit.com/reddCoin/comments/2bspjm/why_reddcoin_is_going_to_the_top_part_1/ In the first part of the article, I separated the top 20 altcoins on coinmarketcap into three groups, and provided some argument as to why all the coins in the group “Decentralised something-or-other coins” are going to grow slower than Reddcoin. Today I am moving on to the reasons why coins in the category “Anon currency coins” are not going to be able to keep up with Reddcoin. Anon currency coins Ingenious, daring, mysterious... yes. Wanted and desired by your average everyday person? Not really. Anonymous cryptocurrency projects are and will remain at the fringe. But why? Who is interested in them?
Criminals or those looking for a digital fiscal paradise? I really don't think so, at least not yet and not for a long time to come. Why not? The unstable value of altcoins in general makes them extremely unreliable stores of value, rendering a supposed fiscal paradise a fiscal hell, and making for a dangerous way to store your godfather's money :). Also, in the long term, given the fact that law enforcement agencies are dedicated to tracking and confiscating the proceeds of crime in general, and given the recent Bitlicence regulations laid out by Ben Lawsky in particular, cryptocurrency projects that essentially offer ways to hide money are going to find themselves under intense scrutiny and pressure.
Tech geeks. Yes. There is a small but hardcore group of programmers who are obsessed with achieving anonymity for cryptocurrency transactions. This appears to be no mean feat, and my hat goes off to these people, as it goes off to anyone dedicating their intelligence to solving difficult problems. But can the combined support of these devs alone move markets? Not a chance.
Speculators. At the moment, yes, very much so. But make no mistake, bringing anonymity to cryptocurrency has been hyped beyond belief since the early days of Darkcoin. For the wider media there is a sense of nostalgia, harking back to Silk Road; it also reminds a few crypto-enthusiasts and the libertarian fringe why they loved Bitcoin back in the day. But the overwhelming force pumping Darkcoin and the swathe of anonymous coins is pure, unadulterated hype.
And there are strong indications that the hype bubble is now bursting. Look at the flagship of anonymous coins, Darkcoin. This project has a dedicated dev team and community. I applaud them for their tireless effort to get the complicated functionality of Masternode payments and Darksend working correctly. And it looks like their efforts have paid off. And the code is about to be vetted by a respected cryptographer. So why is the price not taking off? Why does it continue to stagnate and fall? Because Darksend and Masternode Payments have already been priced in, meaning that in the collective mind of investors Darkcoin should have already been fully functioning as planned for a while now. The reason then for the continued decline in prices is that the market is still returning to where it should be after an almighty hype pump. But there is another reason to doubt the long-term viability of anonymous coin projects: the Darkwallet project, set to launch very soon. Darkwallet will provide anonymising functionality to a Bitcoin wallet, and so as well as being considered short-term or fringe projects, anon currency coins look set to become obsolete in one fell swoop, when the main selling point of all these coins, the fact that Bitcoin transactions are not anonymous, is snuffed out with Darkwallet. When considering the above factors it is easy to see how Reddcoin has a target audience far, far greater than anonymous cryptocurrency, and also how anonymous coins are likely to face certain significant threats to their survival, threats that Reddcoin will not be subject to. Of course the above is a general overview of anonymous cryptocurrency. I respect the sincere efforts being undertaken for these projects and readers of this article may know of particular features offered by anonymous coins that they believe will gain traction over the long term. If so I would really appreciate your comments. The final part of this article comes tomorrow!
Hey y'all, welcome to /drkcoin! To check out the main page for a list of wallet downloads, source code, and pools check outdarkcoin.io First off, we have a TIPBOT! FOLLOW us on Twitter. Official twitter 0.00000% Pre-mined Super secure hashing algorithm: 11 rounds of scientific hashing functions (blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo) Block reward is controlled by Moore's law: (11111 / (((Difficulty+51)/6) ^ 2)) CPU & GPU friendly mining (Asic mining isn't impossible but; developing such an ASIC would be prohibitively expensive, thanks to the X11 algorithm's 11 rounds of hashing) Block generation: 2.5 minutes Difficulty Retargets based on Kimoto's Gravity Well 84 Million Coins Max Block reward halving every 2 years Here's one known working faucet Dark coin is much easier on your rig as it runs much cooler than most coins so feel free to hop on board. :) any questions about mining can and will be answered either right here in /drkcoin or in the Official darkcoin forum DARKSEND-An anonymous wallet called DarkSend and it hides the address FROM THE WALLET. The blockchain will not contain your wallet address but a throw-away address that is untraceable. Darkcoin is very new but we have an extremely talented developer who is working hard at making this a great completely anonymous coin and in the barely 1 month of existance there have been a massive influx of users.(100 new subscribers in the last 4 days alone) I truly believe that darkcoin is the only new coin with as much potential as bitcoin or litecoin. Darkcoin is currently on a few different exchanges already that I know of. Coindup.com Poloniex.com Cryptsy.com Edit: Thanks goodcore for proof reading and suggesting I add cryptsy
WiseGrubposted a very terse question about the idea of implementing anonymity into Dogecoin. The reaction, was mixed, but largely (or more visibly, at least) negative. I've put a lot of thought into the idea myself for a while. Here are some points to consider:
A thing is what it can do. Origins - Silk Road. Let's go ahead and get this out the way. Yeah, it's a dirty word. It's not what should go in the brochures for "Your First Entry into Cryptos". But while distancing ourselves from the fiasco, we have to understand individually that the Silk Road was the single largest reason for the success of Bitcoin. The utility that Bitcoin (supposedly) offered was anonymity. For better, or for worse. This isn't the only thing that cryptos can offer, but it was the idea that fundamentally changed the game. It was what was wanted and expected from the currency.
Pardon me. May I see your bank statement? - I'm willing to make the bold claim that decentralized public ledgers will be one of the biggest revolutions of the internet that we'll see for the remainder of this decade. It has the possibility to take us one step closer to the early mantra of "nobody owns the internet". Decentralized peer-to-peer indices. A publicly owned DNS. Perhaps some days deeds and titles to property. Probably not associated with a "coin" per-se, but implementing the same technology in new and exciting ways. One area, where I'm dubious about public ledger application is personal finance. I wouldn't be comfortable if my bank, in the interest of transparency, posted all customer transactions on their webpage with the names and addresses redacted. If anyone on the planet could see every paper dollar I spent, it would be tin-foil hat time. I don't want to have to explain my "Unicorn Butt Sex is the Best!" combed cotton tee-shirt purchase, taken out of context.
technology giveth, and technology taketh away - Our humble coin may or may not be the battleground, for this fight, but we are all in a fight for our privacy. Failing to contest the point doesn't make it go away. The choice is being made for each of us. Our only role is to choose when to remain silent and when to bark. And how loudly. It's easy to pan all security agencies as inherently evil, and all liberties as inherently good. Realistically there's always a sacrifice with separate dystopias awaiting on either side of the wrong choices continued for too long. The crux of the issue is the leverage of technology. When the American fathers, for instance, wrote about the right to assemble, or the right to bear arms, they had no idea, that people would be "assembling" from thousands of miles apart, or that cryptography would be classified as munition. Technology has empowered people to communicate in amazing ways. Technology again allowed others amazing ways to intercept that communication. Yet again it allowed us to prevent privileged snooping. Our coin is truly a testing ground among cryptos. I realize that there are many among us who favor the path of least resistance. Generally I respect that, but I don't agree to proactively forfeiting one's privacy for the risk of consequence. If there are other, real, issues in implementing anonymity into our coin, well that can't be helped. But fellow shibes, please don't move to neglect this feature for any reason other than what's best for our coin, and what's best for cryptos at large.
How much profit can I potentially make setting up a Darkcoin Masternode? I can't seem to figure it out. Can you?
I saw instructions on how to setup a masternode. It covers costs, profit potential and setup instructions. Some of the info went over my head but this is ok since I can hire somebody to set up a masternode but I do not fully understand the profitability per this post at https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/ So I did some research which I am sharing for comments. This post https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225 says: Profit per masternode are as follows: 1x Masternode = 576 blocks * 10% of the reward = 1036DRK/day 8x Masternodes = (576/8) blocks * 10% of the reward = 129DRK/day 16x Masternodes = (576/32) blocks * 10% of the reward = 32DRK/day 128x Masternodes = (576/128) blocks * 10% of the reward = 8.1DRK/day So What is the profit to me in darkcoin if I am one of the 8th Masternodes or 16th or 128th or 1200th Masternodes? What is the "reward" they reference? I unfortunately am not good at this kind of math. Am I the only one? I do more research. How many masternodes exist now? See below links for answer. As of May 29 it is over 350 something. http://www.reddit.com/DRKCoin/comments/26ruk6/how_many_quantity_of_masternode_nowwhere_can_i/http://drk.poolhash.org/darksend.html Unfortunately, I do not have the expertise to understand what I am seeing. How many coins are being generated per day in total? Please do not tell me if I dont have the expertise to understand this that I should stay out. So I do more research. How many masternodes will there be? See thread below. It is dynamic. https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225/ Much of the other info I need to evaluate this investment I can find but not on its profitability in non technical terms. I am not a programmer of crypto but I can read a profit and loss statement. So I do more .. you guessed it.. research. Any and all help is appreciated. If it was easier to follow the profit on this maybe more masternodes would be setup which may or may not be good for the masternodes but would be good for Blackcoin which I am investing in. Not sure why masternodes are not explained at all on Darkcoins web page. See Darkcoin's home page > resources > masternode https://www.darkcoin.io/masternodes.html (masternodes guide coming soon). If darksend aka the masternodes are such a key part of Darkcoins present and future success this lack of clarity needs to be addressed at https://darkcointalk.org/ & http://www.reddit.com/DRKCoin and on Darkcoin's home page. The profit picture is also changing seems the 10% has gone to 20% and starts June 14th. This is good news. What does it mean in laymans terms? http://www.reddit.com/DRKCoin/comments/26mkm7/expect_at_least_350k_drk_to_be_bought_for_more/ Found this > 10% of the coins generated are allocated to Master Nodes in this thread http://www.reddit.com/DRKCoin/comments/26fvs9/i_want_to_be_part_of_a_masternode_but/ [–]DyslexicZombei 1 point 4 days ago Note: not just a percentage but 10% of the coins generated are allocated to Master Nodes. So how many coins are generated? Or how many Darkcoins are issued daily? WOW! Found info I was looking for about coins generated per day - here http://wiki.darkcoin.eu/wiki/FAQ "The monetary base is expanding at a rate of ~3000 to ~7000 coins per day, depending on the difficulty. The issuing rate changes dynamically depending on the difficulty of the mining: More coins are produced as an incentive to mine while the hashrate of the network is low and less coins are produced when the hashrate of the network is high. As of May 15, the minimum block reward has been achieved, with only 5 DRKs issued per block - although it is not yet stable at that level. When the minimum reward is steadily at 5 DRKs / block, it will equal an issuing rate of just 2880 coins per day. So divide 2880 coins per day by 1200 masternodes* (my guess - nobody knows how many masternodes there will be see https://darkcointalk.org/threads/darkcoin-update-masternode-requirements-masternode-payments.225) = 2.4 Darkcoins per day or at $10 per coin about $25 If the coin goes to $50 well then you can do that math. WAIT! It is 20% of the coins generated (this is the reward). Above it says 10% but it is going to be 20% right? 2880 coins per day x 20% = 576 coins divided by the number of masternodes (1200?) = .48 per masternode or $5 per day? Could be $25 per day if coin sells for $50. OR is it... Based on the blocks your masternode solves? OH gosh I thought I almost had it figured out. Does anybody know the exact answer? I think it is the info I have under wait. Dear Evan (the developer of blackcoin) do you see my confusion? Lets go on>>> Maybe $80 per month. Costs to put up masternode: Info from here http://www.reddit.com/DRKCoin/comments/26fvs9/i_want_to_be_part_of_a_masternode_but/ [–]DyslexicZombei 1 point 4 days ago Free info from homework already done: The cheapest instance at amazon will work for a Masternode at only $23 a year, power included. (I have not confirmed this) Firewall protection needs to be set up. It's up to you if you pay for protection, but it's often true that you get what you pay for. DDOS protection is needed to keep the node online during an attack. Non-free protection starts at $50-60 per month. You could try to get away w free DDOS but they're not meant for serious or sustained attacks. See above advice regarding getting what you pay for. How many Darkcoins will be issued in total? Unlike the number of Bitcoins in which the number is known in advance, Darkcoins have a maximum theoretical limit of approximately 21.3 million coins by 2050 with a slow issuing curve. However the real number of coins can be reduced to something like 16 or 17 million coins in case the hashrate of the network brings the mining reward lower in the near future. Initially the plan was to have a theoretical limit of approximately 84 million coins, however due to the initial block reward formula which was aggressively diminishing block rewards without a minimum reward set, it would be near impossible to have more than 10 million coins issued. Minimum block reward is now set at 5 DRKs per block and instead of using block halving every 4 years, Darkcoin employs a far smoother 7% annual decrease in coins issued per block. The minimum block reward was achieved on May 15th 2014. Bottom line answer is: The theoretical maximum is close to 22mn but in practice we might not see more than 16-17mn coins due to tremendous difficulty increase very early in the coin's life. Is this profitable? $5 per day oh lets say $10 per day x 30 days = $300 per month minus costs per month of $80 = $220 And your investment is still yours. You still have the darkcoin in your wallet. You dont buy a masternode. so yes this seems profitable but I bet my math is wrong and I need to be sure. All comments appreciated.
Inevitable discussion of what the bitcoin community thinks about Darkcoins massive rise. I'm very interested in hearing veteran bitcoin enthusiast opinions.
So even with DarkWallet for bitcoin, apparently the demand for an almost completely untraceable payment system is so large that Drkcoin is positioned to take over LiteCoin price per coin by the end of this week (granted there are less DRK than LTC but still). I am wondering what people think about this crazy spike and what their forecast for DRK and BTC are. I was one of the people that personally did not see this coming at all because I assumed that if Darksend features are really in demand, Darkwallet would simply become the main engine for those transactions - I'm quite surprised that DRK has basically become the current standard. What does everyone think?
250 ANC bounty for an article that summarizes cryptocurrency privacy/anonymity solutions
The Anoncoin project has announced the following bounty. Short description: Publication of an article about bitcoin-related privacy/anonymity solutions on a cryptocurrency or internet-privacy web site. Amount: 250 ANC for the first article. The amount paid for any subsequent articles will be determined based on the reserves of the anoncoin donation address after accounting for all other open bounties. This bounty may be closed at any time following payout of the first article. Details The objective of this bounty is to have an article written and published that describes the available privacy/anonymity solutions that are currently available to crytpocurrencies. The article is to provide a simple analysis of the pros and cons of each method that should be understandable to an informed individual who is not a cryptocurrency expert. This article must discuss the following topics: Stealth Addresses, Darksend (including the use of "Master nodes"), CoinJoin, Dark Wallet, CryptoNote based Ring Signatures, Zerocoin, and Zerocash. For Zerocoin and Zerocash, the distinction between setting up the initial parameters in a trustless manner using RSA UFOs vs. using trusted third parties must be made. It is anticipated that at least one paragraph will be required to discuss each topic, and that several others will be required for a comparative analysis of the pros and cons that weigh the level of anonymity of each solution. The length of the article should thus be about 10 paragraphs. Payment will made after the article is published on an internet website that specializes in either cryptocurrencies or internet privacy. The official announcement can be found on the Anoncoin wiki: https://wiki.anoncoin.net/Anoncoin_Wiki
Mar 12, 2015 - In only a month, the little-known bitcoin alternative known as Darkcoin has rocketed nearly tenfold in value--from around 75 cents a coin to almost seven dollars. Its selling point: Darkcoin offers far greater anonymity than bitcoin. The latest brilliant realization Mr. Duffield had was that if he had the coins denominated and mixed while they sat idle in the wallet, there will always be coins available to mix with, and the new pre-denominated coins would be at the ready for when a person wants to send them. This solves the annoying and possibly fatal flaw of having to wait, sometimes a very long time, to make a payment ... The wallet has DarkSend turned off by default because there are small fees involved in using the DarkSend function. However, the team felt it was important that people not be charged fees without consent. So to use DarkSend, you will need to turn it on. This is done by unclicking the “Disable DarkSend” check mark. Next, choose how many rounds of mixing you would like the wallet to use ... Dark wallet, a web-based Bitcoin wallet seems to have come up as the savior against these crimes, as it promises total anonymity and private transactions. Bitcoin's biggest foe is the misinformation among the public over its use, as cryptocurrencies are mostly promoted as a private and censorship-resistant. However, that is a big misconception as all the transactions on a Bitcoin network are ... Darkcoin Wallet is a free online darkcoin wallet which you can use to make worldwide payments for free. We make paying with darkcoin easy and secure available anywhere on your phone or desktop.
Bitcoin anonymous banking with Dark Wallet: make anonymous Bitcoin payments with Dark Wallet App
Bitcoin is the preferred form of payments on the Dark Web. After this lecture you should understand why. Live Bitcoin Trading With DeriBot on Deribit DeriBot Backup 169 watching Live now How to stop screwing yourself over Mel Robbins TEDxSF - Duration: 21:40. Quickly buy bitcoin on Cointopay howto, pay via IDEAL (NL), MRCASH (BE), GIROPAY (DE), WIRE TRANSFER or SEPA and many more options available to buy your crypto coin of choice. Movie made with ezvid. Giving someone a paper wallet like this once DarkSend is implemented will be a great way to hand out anonymous cryptocurrency. Don't send any DRK to the public key in this video! If you want to ... In this tutorial Ill show you how to set up a portable darkcoin wallet. It will allow you to easily access your wallet.dat file as well as put the whole wallet on a usb stick so you will not need ...