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Masternode Sharing

Discussion in 'General Discussion' started by DashEcon101, Mar 14, 2017.

  1. DashEcon101

    DashEcon101 New Member

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    I have 700 dash and don't really care to spend another 25k to get to 1,000, but I really would like to be part of a masternode for the dividends. Has anyone worked with moocowmoo? I feel strange simply transferring 700 dash to someone.
     
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  2. jimbursch

    jimbursch Active Member

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    You are certainly right to feel strange simply transferring dash to someone you don't know.

    The fact that @moocowmoo is a member of the Core Team (https://www.dash.org/team/) would be a good starting point for your due diligence.
     
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  3. Silversaving

    Silversaving New Member

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    I currently use his service (not even close to 700 DASH though) and had no issues thus for.
     
  4. splawik21

    splawik21 Grizzled Member
    Foundation Member Dash Support Group Masternode Owner/Operator

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    There is currently @moocowmoo and @splawik21 who offer shares.
    You might split your balance and use both services of ours.
     
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  5. stellabelle

    stellabelle Active Member

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    What is the minimum amount someone could give?


    Sent from my iPhone using Tapatalk
     
  6. akhavr

    akhavr Official Dash Dev
    Core Developer Masternode Owner/Operator

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    I've used @splawik21 services in the past and he's great.
     
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  7. DashEcon101

    DashEcon101 New Member

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    I broke down and dropped 30k for the last 300...ugh I feel sick!
     
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  8. jimbursch

    jimbursch Active Member

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    Think of it as retirement savings. Your portfolio will rise and fall, sometimes soar, sometimes collapse, but on average over the long term show a healthy return on investment.

    Or you can lose it all in one fell swoop.

    You've decided to look on the bright side.
     
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  9. splawik21

    splawik21 Grizzled Member
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    25 coins is the minimum.
     
  10. Carlh

    Carlh New Member

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    I have the same issue. A few shares might not be that bad, but handing over a good years salary is nerve wrecking. I'm usually a person that put my trust in people. And there's certainly a lot that count toward moocowmoo's favor. Part of the core team, have been running the masternodes for quite a while, digital signatures and contract for deposit and payments. But other than that, what do we really know? He seems to be totally anonymous. That's does not help my confidence. Do even the core team know who he is in real life?

    There's probably a slim chance, but he could run away with it all after building up a lot of masternodes. What happens if he's in an accident and can't remember the wallets passphrase, or worse...? Anyone know if he have insured against such things? Are there any backup plans, or would it all be lost in a encrypted wallet somewhere? The same goes for Splawik I guess. We do see he's face on the core team page. Seems like a charming guy, but that does not help a ton :D

    Are there anything that can prove a better assurance for the users? Some kind of bidirectional collateral, testimonials, ties to public services which require ID, so we know the persons are real in case something happens etc? I don't know... Something :) I'm not used to give $50 000 to other people that I've never met or know the name of.

    Let me also be very clear that I respect both moocowmoo and Splawik for the work and effort you've put into dash, the organization and your service. I hope this does not come off as a negative or huge distrust. I just need to be the most certain I can before deciding.
     
    #10 Carlh, Mar 16, 2017
    Last edited: Mar 17, 2017
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  11. DashEcon101

    DashEcon101 New Member

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    MooCow did say that if he didn't touch his computer for one month then all coins are automatically redistributed to addresses that sent them in. This is his fail safe in case he gets in a car wreck, God forbid!
     
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  12. David

    David Well-known Member
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    I would be willing to do very large unescrowed transactions with either @splawik21 or @moocowmoo ... I've dealt with both in the past many times and they are excellent people.
     
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  13. moocowmoo

    moocowmoo Bovine Bit-flipper
    Dash Core Team Foundation Member Masternode Owner/Operator

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    Oh, I don't blame you at all @Carlh.

    $3 dash was one thing, now, asking those questions just proves you're sane.

    I do my best to be transparent, and that's all I can do given that I value my
    anonymity more than the meager earnings I collect from shares.

    Money is not a motivator for me.

    My anonymity helps to protect my users funds as well. Physical duress/access
    is the only threat I can't engineer around.

    Yes, a few members of core know who I am. @coingun's even been to my house! (That lucky bastard!, hehe)


    All good questions, and all things I think warrant clarification given the new
    valuation paradigm we find ourselves in.

    Everything that I've built started as a personal developer "itch" I needed to
    scratch while getting familiar/handy with blockchain tech.

    Individually pruning masternode payments was getting tedious, so I wrote some
    python talking to redis to keep track of the payments coming into my
    masternodes. Then I added more python to build transactions, then some JSON to
    drive the thing:

    Code:
    { "address":"Xw5FPEuCWc9iP2N6e2EBrN6TuiArzEe9S8", "sendo": "XeadWfSmE2chACcvjPsahpEKuxPiheB9pp" }
    But I still needed a secure way to sign them.

    I've got to cut this bit short, but suffice it to say it involves shuttling
    unsigned transactions to a machine that has never seen the light of Internet
    where they are lovingly signed, saved, unmounted, mounted and broadcast.

    A year later, automatic sends for me grew into automatic scale-computed payouts
    to multiple share holders. Now the JSON looks like:

    Code:
        { "label" : "node-011", "ip_address":"80.240.135.83",   "chain":"7p/0/11", "address":"Xw5FPEuCWc9iP2N6e2EBrN6TuiArzEe9S8",
            "launched": "2014-11-19 21:40:44", "shared": "true", "rewardsto": [
             { "XeadWfSmE2chACcvjPsahpEKuxPiheB9pp" : 0.32000 },
             { "XkUkhtzWviLmW6bCUhjb3m11Ms9Zn6AQ9h" : 0.12750 },
             { "XvL39wqNVyP82oiYzRCAbmipfBxNcyVMct" : 0.08500 },
             { "XfQYztH28vZ6bPEy1xQHDFNSriC77pNPZN" : 0.08500 },
             { "XnMHMjBLqCesFMvmydWUFnjTJjEsXWACxz" : 0.08500 },
             { "Xgi9W5T3hJQPrz72WxvdXfbSher1aWQffc" : 0.06375 },
             { "XwyenpD3jAUEMXvXWhioqxEP3xyuEvqGp3" : 0.04250 },
             { "XhXWkMEhiDKpncJw9V1ZkvxtZsQbgH7o7L" : 0.04250 },
             { "XfR8jxMff8tioKuzjRJwKUdH82yFuTSUzZ" : 0.02125 },
             { "Xk2yZaVpjV7ZeFRuQePidd1FuRHQpaheem" : 0.02125 },
             { "XpEqWfJKWW9oJwdRUKT9nniqsinX9hPWRW" : 0.02125 },
             { "Xm7L8NBjc2hm41dNLBgW8Dp6A4iFMoibkZ" : 0.02125 },
             { "Xah9XmNGyALfzoVenhiQz3tZwXLjRqSmNz" : 0.02125 },
             { "XofuVfwavj6LuRNuYg9S7aGjKFWjsSDn7w" : 0.02125 },
             { "XdCgxm5fL5Si2oeWQJgd6YCnontpDH815p" : 0.02125 }
        ] },
    And creates transactions that look like:
    https://chainz.cryptoid.info/dash/t...8b28ce09c963515a4f1efdb9b22829a99f0b6ebf8.htm
    which are then reported on and emailed out https://masternode.me/downloads/payment_report.txt

    All because I had an "itch."

    My failsafe system is actually just the payment system, repurposed. If my dev
    box ssh sessions all reach 30 days idle, pre-signed transactions are broadcast.
    Nothing fancy, just cron and text. Every time I update the disbursement json,
    they are regenerated.

    No, https://keybase.io/moocowmoo is a start. A social extension of web of
    trust. But, I'm sure some services like that will spring up over time as our
    digital personas become more significant influences in the real-world.

    Trust does have value. It's one of the strongest expressions of respect, and
    something I won't ever abuse or take for granted. Mostly because I respect
    myself.

    Reputation is a motivator for me.

    Nah, you'z hatin' and you know it!

    But, thanks for saying that. That's what I was going for.

    Gotta run, wifes tapping her foot.
     
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  14. Carlh

    Carlh New Member

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    It certainly makes me a bit more at ease. My first option will be to get one or more family members to join in on the rest of the investment. But if they do not want to, I do have a good second choice here. Thanks for all the information and advice!
     
    #14 Carlh, Mar 20, 2017
    Last edited: Mar 21, 2017
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  15. mrearthbound

    mrearthbound Member

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    Ditto. @splawik21 is very professional and recommend his services. I invested 25 Dash with him and no problems at all.
     
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  16. entropy

    entropy New Member

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    I'd be interested to know if @splawik21 has a similar "failsafe" or "dead man's switch" in place in case of something unexpected happening, like getting hit by a bus...
     
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  17. splawik21

    splawik21 Grizzled Member
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  18. entropy

    entropy New Member

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    Thanks. And please avoid buses!
     
  19. flailingjunk

    flailingjunk New Member

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    You are asking someone to steal your money when you give your cryptocurrency to them.
     
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  20. Inevitably

    Inevitably New Member

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    What is the average payout per day for a 25 dash investment in a master mode share?
     
  21. Inevitably

    Inevitably New Member

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    New
    What is the average payout per day for a 25 dash investment in a master mode share?
     
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  22. Dashmaximalist

    Dashmaximalist Active Member
    Masternode Owner/Operator

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    Hi guys how about creating 50 multisigs and handing out to share holders
     
  23. splawik21

    splawik21 Grizzled Member
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    Multisig is not supported in the masternodes.
     
  24. mrearthbound

    mrearthbound Member

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    I just stared, but I've gotten ~0.087 Dash every ~2 weeks for my 25 Dash
     
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  25. DAOMN

    DAOMN New Member

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    9.048% interest is about 45-50x the interest my bank pays me.
     
  26. Inevitably

    Inevitably New Member

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    much appreciated
     
  27. camosoul

    camosoul Well-known Member

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    Amazing how price separates seed from chaff...

    The recent influx of fresh meat seems to be of higher quality, on average, than the previous years.
     
  28. camosoul

    camosoul Well-known Member

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    Most of the time, you'd be right. But, if you put your DASH in the hands of @moocowmoo or @splawik21, it's safer than in the hands of your average cryptotard; which most haters are.
     
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  29. demo

    demo Active Member

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    It is supported in the Dash wallet 12.1.4, isnt it?
    It is a console command.
    Code:
    == Util ==
    createmultisig nrequired ["key",...]
     
    #29 demo, Apr 4, 2017
    Last edited: Apr 4, 2017
  30. splawik21

    splawik21 Grizzled Member
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    You can't use the multisignature address for masternode broadcasting. I didn't say dash does not have it because it does but you can't use it for the masternodes.
     
    #30 splawik21, Apr 4, 2017
    Last edited: Apr 5, 2017
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