crazy day in crypto, litecoin just lost 2nd place!

Wow, I just finished reading.... um, let me try...

when a person wants to spend coins, they tell everyone (broadcast) and put a lock on the fund in their wallet.  The current group of masternodes receives this information, and when they all verify the same information (validate it), they let all the other clients on the network know it is so.  This takes only seconds and the coins are then considered "cleared" 

If the person spending the money tries to send conflicting information (tries to spend the coin twice, by paying himself the same coins= double spending attack, which they could code into their wallet so it happens really fast) the conflicting information will cause the masternodes to reject the lock, and the coins spent will have to wait to go through the mining process to be validated. (one will be accepted, the other rejected as it is done currently)  This will also happen if one of the masternodes that were elected to do the work ends up losing connection (or tries to pull something).

This makes 3 types of attacks virtually impossible to commit.

Wow

i was refering to the marketcap but for some reason Ripple doesent count.
I dont know anything about ripple so i cannot really comment.

I stand corrected, i apologise

Drk masternodes are like a proof of stake system build on top, that is getting clearer to me every day(See instantTx whitepaper). Proof of work is a dead end.

I would point a few CPUs to mine for wages. That is a really good idea. A paid team that would give a stake etc. Really good idea.

Can anybody put me in touch with the person who runs the darkcointalk mining pool?  If its not covering even the web site costs we need to have a rethink.