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Title: What's with DARKCOIN? Post by: Hyena on May 30, 2014, 11:51:16 AM Should I diversify to darkcoin or is it rather all buzz as it was with AuroraCoin for example? They are technically very different of course but would dark coin in any way be superior to all the others?
Darkcoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proof-of-work. Had they implemented Proof of Stake hybrid instead of purely PoW I'd believe in them but right now they don't seem very superior. A superior coin would be PeerCoin with anonymous transactions. Can PeerCoin be upgraded for that? If so then I'd say DarkCoin is not going to rule them all. What say you? Title: Re: What's with DARKCOIN? Post by: TERA on May 30, 2014, 11:55:39 AM 1. It is currently trading higher than litecoin
2. It rose over a thousand percent in the past 2 months. 3. It is only a couple months old (in IPO rally mode) 4. It has 2 million coins instamined 5. It forked the other day and masternodes had to be taken down, so it's fundamentals are even being called into question. I'll let you decide... Title: Re: What's with DARKCOIN? Post by: Hyena on May 30, 2014, 11:58:28 AM 1. It is currently trading higher than litecoin 2. It rose over a thousand percent in the past 2 months. 3. It is only a couple months old (in IPO rally mode) 4. It has 2 million coins instamined 5. It forked the other day and masternodes had to be taken down, so it's fundamentals are even being called into question. I'll let you decide... Thanks, I was not aware of these but that's all I needed to hear. Title: Re: What's with DARKCOIN? Post by: newuser01 on May 30, 2014, 11:59:51 AM nothing really
just hype.. Title: Re: What's with DARKCOIN? Post by: Mervyn_Pumpkinhead on May 30, 2014, 12:00:25 PM I think that DRK has potential in certain fields, where BTC used to be useful. Anyway, it's always good to see new cryptos, that actually bring something new to the equation.
I agree with you, that pure PoW is foolish in the long term and PoS hybrids have an more advanced concept. DRK is more similar to QRK, not AUR, by bringing technological advancements, not differences in distribution. But it has more potential, since the technological differences of QRK were gimmicks, but differences of DRK have more practical value. Title: Re: What's with DARKCOIN? Post by: jabo38 on May 30, 2014, 12:05:59 PM It offers the chance to be "anonymous" but really I am not completely convinced. I can't help that the NSA could just set up a node and see what was going on.
I also won't be investing in it. Its price is way to suspicious and bumpy, especially for a code that has forked! I think some big players with big connections are doing a big pump to leave lots of bag holders. Essentially, all they did was put the "coin join" code for bitcoin into the dark protocol, and changed the algorithm tweak. But they haven't actually done anything new. Just copied an algorithm other coins are using and copied coin join both into one coin and now it is "revolutionary". The only thing revolutionary about it to me is the communities ability to talk it up and up and up. My guess they are just doing that to let of flop. Title: Re: What's with DARKCOIN? Post by: aleix on May 30, 2014, 12:07:51 PM don't listen anyone. Just do your homework :
http://wiki.darkcoin.eu/wiki/FAQ http://darkcointalk.org http://www.darkcoin.io Greed and envy is high for who lost the darkcoin train ;) Title: Re: What's with DARKCOIN? Post by: newuser01 on May 30, 2014, 12:11:43 PM I think that DRK has potential in certain fields, where BTC used to be useful. Anyway, it's always good to see new cryptos, that actually bring something new to the equation. I agree with you, that pure PoW is foolish in the long term and PoS hybrids have an more advanced concept. DRK is more similar to QRK, not AUR, by bringing technological advancements, not differences in distribution. But it has more potential, since the technological differences of QRK were gimmicks, but differences of DRK have more practical value. I think that DRK has potential in certain fields, where BTC used to be useful. Anyway, it's always good to see new cryptos, that actually bring something new to the equation. I agree with you, that pure PoW is foolish in the long term and PoS hybrids have an more advanced concept. DRK is more similar to QRK, not AUR, by bringing technological advancements, not differences in distribution. But it has more potential, since the technological differences of QRK were gimmicks, but differences of DRK have more practical value. PoS is not very secure compared to PoW - afaik all pure PoS coin have forked at least once, most multiple times you need at least hybrid PoW+PoS to make the network secure and even then pure PoW is better it is disturbing that people think PoS is just as secure as PoW with the bonus that you stake coins instead of energy cost.. that is not true.. many pure PoS (and even a few hybrids) will die off when people see how easy it is to double spend Title: Re: What's with DARKCOIN? Post by: jabo38 on May 30, 2014, 12:28:24 PM I think that DRK has potential in certain fields, where BTC used to be useful. Anyway, it's always good to see new cryptos, that actually bring something new to the equation. I agree with you, that pure PoW is foolish in the long term and PoS hybrids have an more advanced concept. DRK is more similar to QRK, not AUR, by bringing technological advancements, not differences in distribution. But it has more potential, since the technological differences of QRK were gimmicks, but differences of DRK have more practical value. I think that DRK has potential in certain fields, where BTC used to be useful. Anyway, it's always good to see new cryptos, that actually bring something new to the equation. I agree with you, that pure PoW is foolish in the long term and PoS hybrids have an more advanced concept. DRK is more similar to QRK, not AUR, by bringing technological advancements, not differences in distribution. But it has more potential, since the technological differences of QRK were gimmicks, but differences of DRK have more practical value. PoS is not very secure compared to PoW - afaik all pure PoS coin have forked at least once, most multiple times you need at least hybrid PoW+PoS to make the network secure and even then pure PoW is better it is disturbing that people think PoS is just as secure as PoW with the bonus that you stake coins instead of energy cost.. that is not true.. I think many pure PoS (and even a few hybrids) will die off when people see how easy it is to double spend If somebody double spends on NXT, I will dump like a maniac. But........ there are lots of NXT haters, more so than the POW pump and dump coins of the day. LOTS OF HATERS. The POW clones are constantly getting forked, yet NXT hasn't had a double spend yet. On top of that NXT has been attacked many times already with DOS and other attacks yet keeps on ticking. The code is open source, so it shouldn't be all that hard for some big boys to figure out. So, when is all this POS insecurity and double spending going to happen? Title: Re: What's with DARKCOIN? Post by: jabo38 on May 30, 2014, 12:30:46 PM again... NXT has not been forked or double spent, and Darkcoin has. Which is more insecure so far?
Title: Re: What's with DARKCOIN? Post by: Kai Proctor on May 30, 2014, 12:59:50 PM again... NXT has not been forked or double spent, and Darkcoin has. Which is more insecure so far? Insecure ? You are I believe, seeing the time you spend Title: Re: What's with DARKCOIN? Post by: ImI on May 30, 2014, 01:04:17 PM At the moment i can no undestand why it is going up ! It is not even anonymous anymore ! The dev could not fix the masternode code ? stop spreading bullshit. darksend, which is the anonymous part of darkcoin, works flawlessly. only thing that will be setup anew is masternode-payments. Title: Re: What's with DARKCOIN? Post by: jabo38 on May 30, 2014, 01:38:13 PM again... NXT has not been forked or double spent, and Darkcoin has. Which is more insecure so far? Insecure ? You are I believe, seeing the time you spend How is a question advice? I am looking for additional information. I would like an honest answer. Title: Re: What's with DARKCOIN? Post by: goochie on May 30, 2014, 01:58:32 PM coin fundamentals, community, big news, whales, pump&dumps, bots. you'll never know whether the current price is justified, nor if it will go up or down. that's why it's called "speculation".
should you invest in drk? no. should you find good entry and exit points? fuck yes! educate yourself, read up on forex/pennystocks and try to apply that knowledge in the crypto world. Title: Re: What's with DARKCOIN? Post by: lotosminer on May 30, 2014, 02:12:21 PM People just moved to XC and BOST, that's it :)
Title: Re: What's with DARKCOIN? Post by: frankilo on May 30, 2014, 02:16:29 PM This is not the first time I seen the statement that PoS coins are insecure. But no one provided conclusive proof yet.
"I just know PoW is better" kind of arguments are not that convincing. Usually it means, that "I have lots of mining hardware". Title: Re: What's with DARKCOIN? Post by: SOEHARTO on May 30, 2014, 02:22:51 PM i hear they have problem with some security .
hope the price back to up 0.023++ dont be like this .... Title: Re: What's with DARKCOIN? Post by: lynn_402 on May 30, 2014, 02:30:13 PM This is not the first time I seen the statement that PoS coins are insecure. But no one provided conclusive proof yet. "I just know PoW is better" kind of arguments are not that convincing. Usually it means, that "I have lots of mining hardware". I agree. 51% attacks on altcoins are far more common than attacks on PoS coin, I'm not sure one ever was successful. Title: Re: What's with DARKCOIN? Post by: human on May 30, 2014, 02:30:40 PM 1. It is currently trading higher than litecoin 2. It rose over a thousand percent in the past 2 months. 3. It is only a couple months old (in IPO rally mode) 4. It has 2 million coins instamined 5. It forked the other day and masternodes had to be taken down, so it's fundamentals are even being called into question. I'll let you decide... 5 good reasons you should look into Monero or Boolberry which are no Bitcoin clones. Both are build on cryptonote (CN) technology and offer real anonymous transactions. The blockchain can not be analyzed. Check them out. They will swap soon their place with DRK because they are technologically far superior! Following a quote from https://cryptonote.org/ Quote In a mass surveillance world we develop and promote new approaches to further decentralize and emancipate cryptocurrencies. We use advanced mathematical analysis and innovative ideas to empower end-users with true privacy, both financial and personal. We share our ideas to shift the current global paradigm through cryptography and egalitarianism. Title: Re: What's with DARKCOIN? Post by: kaene on May 30, 2014, 02:31:46 PM What's with DARKCOIN?
It's simple, people are investing now because it's still a project in progress, because they believe later it will get much more expensive. It's up to you if you want to "risk" now or get in once it's not a project in progress but a reality. Most important additions over BTC are the anonymous feature (modification of coinjoin plus extra encryption yet to come) and the masternodes (very attractive passive income and huge ROI if the coin is a success). http://wiki.darkcoin.eu/wiki/FAQ http://darkcointalk.org http://www.darkcoin.io Title: Re: What's with DARKCOIN? Post by: lynn_402 on May 30, 2014, 02:34:58 PM Before investing in DRK, do read about Bitcoin's Dark Wallet and stealth addresses. Darkcoin has competitions; Bitcoin's advantage is that it already is by far the most accepted crypto in the dark-web, so its stealth addresses could make Darkcoin irrelevant, even if Darkcoin turns out to have a superior technology.
Title: Re: What's with DARKCOIN? Post by: darkstar8E on May 30, 2014, 02:37:29 PM I would love to see Darkcoin on http://cryptocoinstats.com/
Title: Re: What's with DARKCOIN? Post by: jabo38 on May 31, 2014, 03:20:51 AM again... NXT has not been forked or double spent, and Darkcoin has. Which is more insecure so far? Insecure ? You are I believe, seeing the time you spend How is a question advice? I am looking for additional information. I would like an honest answer. bump Title: Re: What's with DARKCOIN? Post by: sharkbyte093 on May 31, 2014, 04:31:20 AM again... NXT has not been forked or double spent, and Darkcoin has. Which is more insecure so far? Insecure ? You are I believe, seeing the time you spend How is a question advice? I am looking for additional information. I would like an honest answer. bump Dark was forked to add new features. When has it been double spent? I don't remember hearing anything of the sort. The Masternode issue is being fixed and will be rolled out in the middle of June. Quote Development Update - 5/30/2014 Fork Causes and Solutions Over the last few days, InternetApe and I have been collecting data to help recreate the problems we experienced with the last hard fork. We reached out to the community and requested that anyone still running a daemon on the wrong fork report back to us. We received a great number of responses, and analysis of these daemons was incredibly useful in our effort to determine the root cause of the issue. After examining the daemons and their associated blockchains, we've determined that, when approving blocks, in very rare situations the Masternode voting system was looking at the incorrect previous block. The forked clients were receiving an error that could only have been caused by the client comparing the current block to something that wasn't the correct previous block. This error caused the votes to appear manipulated and the client would reject the block. Later, when receiving the same block again, the client would accept the block. This makes it clear that there wasn't an issue with the block itself, but with the system that checks it. To solve this problem, we are going to take a multifaceted approach to development: 1.) We are recreating this problem on testnet in order to determine the best fix possible (it's a rare error, so it's taking some time). 2.) We are implementing automatic checkpointing, so that if this does happen again the network will not be able to diverge paths. In the event of a rejected block, the auto-checkpointing system will be able to tell the daemon to retry it later and put the daemon on the correct chain. https://darkcointalk.org/threads/development-update-5-30-2014-fork-causes-and-solutions.994/ There's a lot of disinformation being spread around, people are acting pretty silly. Title: Re: What's with DARKCOIN? Post by: jabo38 on May 31, 2014, 04:48:49 AM thanks for the update. so it looks like DRK has had problems with a fork or incorrect blocks being accepted but they are working on finding a solution so it doesn't happen again.
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