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Showing 20 of 194 results by snogcel
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Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | Fork for Masternode Payment
by
snogcel
on 23/07/2019, 07:02:26 UTC
why anyone would sell at this point is beyond me



lmao was looking through my post history and couldn't help but bump this one  Grin
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 23/07/2019, 06:47:22 UTC
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 20/07/2019, 10:04:34 UTC

To me, one of the biggest issues of Dash till this day is the constant mentions that it was a 'premine' scam.

I personally believe that it was just a mistake but it would be good if this problem can be put to rest and I wondering if it was possible to do so.

Dashninja has an excellent FAQ on this wish I believe some research had been done into the issue:

The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity.

Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight.

The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks.

  • During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.​

Could some funds be allocated for deeper analysis and more detailed supporting documentation for this so that although of course trolls will never be satisfied, at least we have good support for the above.

Things that would help:
a) Show how much coins were generated during the difficulty retargeting bug (easy)
b) Show much volume of it was being dumped from February to April 2014 with charts.
c) Explore with c-cex and poloniex that although they may not be able to reveal the identities of the people who dumped, perhaps they can shed some light as to the behaviour of these dumpers in general. This may need some remuneration for them to be interested in doing it.
d) Nice visual illustrations perhaps showing the amount of coins instamined and the amount of DRK dumped over time and also to show 'whale buyers' buying it up showing that these whales were not people who originallly dumped it.

I know many just think that we should just move on from this and I agree, but I think proper resolution is required for the newcomers as Dash should do its best to shake off any stigma from this if possible as there is often the perception that devs control the majority of masternodes.

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Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 20/07/2019, 10:03:50 UTC
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 20/07/2019, 09:53:06 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | Fork for Masternode Payment
by
snogcel
on 18/07/2019, 22:16:25 UTC
why anyone would sell at this point is beyond me



lmao was looking through my post history and couldn't help but bump this one  Grin
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 18/07/2019, 16:33:50 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
snogcel
on 18/07/2019, 16:28:04 UTC
Can't shake the feeling were on the verge of something huge here - it won't happen overnight, but the fundamentals are shifting.

I was thinking about this on the way home from a quick errand this evening. How does one quantify the impact of a self-funded monetary unit? This is some seriously groundbreaking stuff, I can't think of anything like it - ever. The best way I can wrap my head around it is (1.01)^x where 1 is the base value and the 0.01 is the added value from increased development.

With a Market Cap around 20m the impact will be slow... with a Market Cap of 200m can you imagine the proposals that could be funded? Move this up to a bitcoin-level market cap and it's jaw dropping.

Best is yet to come, can't wait to see how this develops  Cool



Halfway there  Wink

Halfway there  Wink
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 12/07/2019, 02:50:44 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
snogcel
on 24/02/2017, 16:46:16 UTC
Can't shake the feeling were on the verge of something huge here - it won't happen overnight, but the fundamentals are shifting.

I was thinking about this on the way home from a quick errand this evening. How does one quantify the impact of a self-funded monetary unit? This is some seriously groundbreaking stuff, I can't think of anything like it - ever. The best way I can wrap my head around it is (1.01)^x where 1 is the base value and the 0.01 is the added value from increased development.

With a Market Cap around 20m the impact will be slow... with a Market Cap of 200m can you imagine the proposals that could be funded? Move this up to a bitcoin-level market cap and it's jaw dropping.

Best is yet to come, can't wait to see how this develops  Cool



Halfway there  Wink
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 13/01/2017, 21:12:52 UTC
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency
by
snogcel
on 29/09/2016, 04:52:45 UTC
Post
Topic
Board Altcoin Discussion
Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread
by
snogcel
on 15/04/2016, 02:07:34 UTC


Services on the second tier seem to be getting strong interest. The DAPI is allowing all kinds of things that where impossible for a distributed system not long ago, traditionally centralised services running on a distributed platform.

Can you give some examples of what you think the DAPI will be used for? I'm sure there all kinds of uses that I can't even think of as this is brand new technology.

Payment processors are probably the most prime candidate for this type of functionality. Easily accessible payment verification will be a huge advantage for Dash in terms of ecommerce growth. I've come to think of Dash as being the "WWW" to Bitcoin's "TCP", take that as you will ;-)

Cheers Smiley Any chance of expanding on that a bit? I should have been following how things are going but lost track.

No joke, Dash has passed the point of too much happening to keep track, every month there's a new wave of budget proposals adding to that and some of those projects are hiring:
https://dashtalk.org/threads/python-and-javascript-developers-wanted-27k-in-bounties.8654/

Definitely! Happy to expand a little bit on it. I recall a couple years ago I wrote a WooCommerce Payment Processor plugin. I thought it was pretty cool at the time and recently happened to stumble on a video I'd recorded of it in action. A couple things came to mind:

1. Confirmation took about 10 minutes in total... looking back that is an excruciating time span to wait ;-)
2. The payment method itself bounced API requests off a centralized server. You'd hit it once to create payment address, present it to the user, then poll the API every 10 - 15 seconds until you got a "paid" response back.

DAPI changes all of that --

1. Confirmation is of course nearly instantaneous. Pretty slick ;-)
2. You don't need a payment processor at all; you create a payment request directly within the Dash network - it hits the end-users wallet, they send the funds and the API sends a callback to your online shop.

It's all inclusive, that's the biggest difference. It's why I think of WWW vs. TCP, they're all packets at the end of the day - the biggest difference is the end-user experience.
Post
Topic
Board Altcoin Discussion
Re: [DASH] Dash - Building the IoM | Dash Nation Progress Thread
by
snogcel
on 13/04/2016, 19:53:51 UTC


Services on the second tier seem to be getting strong interest. The DAPI is allowing all kinds of things that where impossible for a distributed system not long ago, traditionally centralised services running on a distributed platform.

Can you give some examples of what you think the DAPI will be used for? I'm sure there all kinds of uses that I can't even think of as this is brand new technology.

Payment processors are probably the most prime candidate for this type of functionality. Easily accessible payment verification will be a huge advantage for Dash in terms of ecommerce growth. I've come to think of Dash as being the "WWW" to Bitcoin's "TCP", take that as you will ;-)
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | Fork for Masternode Payment
by
snogcel
on 18/03/2016, 04:36:36 UTC
why anyone would sell at this point is beyond me



lmao was looking through my post history and couldn't help but bump this one  Grin
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
snogcel
on 30/12/2015, 05:22:41 UTC
Can anybody guide me on how to install the Electrum-Dash on linux, mint/kali/ubuntu everytime i try i get this

Code:
Installing Electrum-DASH-2.4.1rc2

Electrum-DASH for Linux supports x86_64 machines only
You're recommended to use a source installation:
git clone https://github.com/mazaclub/electrum-dash
cd electrum-dash
git checkout 2.4.1rc2
pyrcc4 icons.prc -o gui/qt/icons_qrc.py
sudo apt-get install python-qt4 pip
sudo pip install --upgrade -r requirements.txt
sudo python setup.py install

BTW am running my linux distros from live-usb.

Anyone?

Through trial and error I found the following steps -- give it a try and let me know, it was a bit finicky for me as well :-)

sudo apt-get install python-dev python-pip libudev-dev libusb-1.0.0-dev
sudo pip install cython
sudo pip install hidapi
sudo apt-get install python-websocket
sudo python setup.py sdist
sudo pip install --pre dist/Electrum-DASH-2.4.1rc2.tar.gz
./electrum-dash

Edit: this is all done from within the /electrum-dash/src folder, after cloning from github

Thanks for answering i guess everybody is so "exited/focus" on the pump,

where do i get the Electrum-DASH-2.4.1rc2.tar.gz on dash.org i only get the Electrum-DASH-2.4.1rc2.bin file, teheres no src folder after i clonend from github???

No problem! Derp - I don't know why I was thinking there was a "src" folder, please ignore that :-) You can run those commands in the root electrum-dash folder, there is no "src" folder.

Theoretically, running this command (I forgot this one last time, sorry):

pyrcc4 icons.prc -o gui/qt/icons_qrc.py

then:

sudo python setup.py sdist

should create the .tar.gz file in a dist folder, then:

sudo pip install --pre dist/Electrum-DASH-2.4.1rc2.tar.gz

Should install it. What happens when you run those three commands individually?
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
snogcel
on 30/12/2015, 02:43:24 UTC
Can anybody guide me on how to install the Electrum-Dash on linux, mint/kali/ubuntu everytime i try i get this

Code:
Installing Electrum-DASH-2.4.1rc2

Electrum-DASH for Linux supports x86_64 machines only
You're recommended to use a source installation:
git clone https://github.com/mazaclub/electrum-dash
cd electrum-dash
git checkout 2.4.1rc2
pyrcc4 icons.prc -o gui/qt/icons_qrc.py
sudo apt-get install python-qt4 pip
sudo pip install --upgrade -r requirements.txt
sudo python setup.py install

BTW am running my linux distros from live-usb.

Anyone?

Through trial and error I found the following steps -- give it a try and let me know, it was a bit finicky for me as well :-)

sudo apt-get install python-dev python-pip libudev-dev libusb-1.0.0-dev
sudo pip install cython
sudo pip install hidapi
sudo apt-get install python-websocket
sudo python setup.py sdist
sudo pip install --pre dist/Electrum-DASH-2.4.1rc2.tar.gz
./electrum-dash

Edit: this is all done from within the /electrum-dash/src folder, after cloning from github
Post
Topic
Board Announcements (Altcoins)
Re: [ANN] SpreadCoin | Decentralize Everything (official thread)
by
snogcel
on 27/09/2015, 05:54:20 UTC
New wallet looks awesome. Great job.

Thanks.

I couldn't stand the old crude design anymore that is still used by hundreds of coins.

So I had to do something to not get eye cancer!  Smiley

   

Really nice idea putting the balance above the navigation - I like that type of thinking  Smiley
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Topic
Board Announcements (Altcoins)
Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX
by
snogcel
on 24/09/2015, 03:55:55 UTC
The main thing lacking in Dash for me is that sites like TradingView and BitcoinWisdom don't have a Dash feed. Where do you do Technical Analysis of Dash? Do i have to print screen a chart and draw trend lines with an arts package ?

We just added Poloniex's DASH/BTC market to our real-time charting service: https://cryptowat.ch/poloniex/dashbtc

We will add more DASH markets if there's demand.



Really great charting site you've got - hadn't heard of it before but will keep you bookmarked
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Topic
Board Announcements (Altcoins)
Re: [ANN][SHIFT] First Ethereum fork. GUI wallet. No ICO/IPO. PoW, Bountys.
by
snogcel
on 02/09/2015, 03:02:10 UTC
Haven't fired up my rig for mining in well over a year - had to give this one a shot, good results solo mining so far on my 2x290x  Smiley