Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
HinnomTX
on 29/05/2014, 15:03:27 UTC
Intended for the Darkcoin devs:

If people didn't have to risk 1000 Darkcoins, maybe people wouldn't be dumping it like crazy whenever the ROI is 3+ times what someone paid for them originally, when someone happens to get there Darkcoins stolen, or a hardfork goes wrong -- or worst case scenario, all three happen around the same time. Maybe, just maybe, you could allow people to act as masternodes with 100 Darkcoins.

Intended for Darkcoin investors:

I'm sure the Darkcoin devs would like you to think that the person that had his Darkcoins stolen was purely a user error (either it being a downed firewall and/or a poor wallet password), but the truth is, no one knows (though we will if people keep getting their masternode wallets stolen). Until Darkcoin has the proven reputation that Bitcoin has had with its security (which has proven to be flawed), I'm not sure why anyone would be willing to let $5,000+ dollars sit in the open waiting for some desperate hacker to find a flaw.

completley agree


I don't agree at all, you don't risk your 1000 DRKs by hosting a masternode. This is like saying that you risk your TV by owning a house, so did you leave the alarm disconnected and the door open?

If you follow the instructions as explained in this thread is technically impossible to get your coins stolen, and once cold-storage is an option it will be technically and physically impossible.

Hosting a masternode is not for everyone. To play in this game, some technical prowess is required. You can't get something for nothing.
If you are concerned about the security of the Darkcoin protocol, then wait to build your masternode until the code is open sourced, has been vetted, and debugged.
Having said that, it is clear the recent theft of Darkcoins from a masternode was not an exploit of Darkcoin, but a simple exploit on an insecure Linux instance.