Bitcoin Forum

What happened? It seemed it was going to stabilize at LTC value and all of a sudden it caved in.. caught hoax?  ???

Take it for what it is, your last chance to ever get a masternode

People realizing the anonymous fad?

BTC/USD also doesn't look good at cryptsy..

 Things move too fast in cryptospace for a dev team funded with at most 4-5digits of marketing / hiring / engineering $-capital to create an alt currency that actually has a chance to take a solid bite out of bitcoin's still growing userbase & merchant/venture infrastructure investment.

 For that to happen, the development team & their product need to be even more professional-looking/confidence-inspiring, mass-marketed & well-designed than the best coins already are ; Look at how bitcoin, being the first therefore being associated with The Blockchain as #1 for any digital trustless transacting online, was able to get to that position - VISA/MasterCard/etc stopped growing.

 You're looking for DRK & co. to repeat this monstrous success, yet the conditions are not there yet - especially while BTC adoption & infrastructure is still expanding at a good pace.

http://coinmarketcap.com/drk_90.html


Darkcoin is doing fine, after strong correction (all new currencies pass a strong correction or die) is still at 5$ - 6$.

Development team is stronger than ever, and a clear roadmap ahead of us.

more info:

https://darkcointalk.org/forums/official-developer-thread.15

Darkcoin is getting a massive update in around 3 weeks. Here's what's coming:

Darksend limit lifted
Darksend based on new crypto, extremely powerful anonymity (along the lines of ring sigs, but without the bloat)
MN payments enforced
"Spork" technology successfully implemented (enforcement = "on"); enforcement code perfected and streamlined
MN voting is deterministic
I2P integration completed or in the works
IP obfuscation

The last 2 are in the works, but it's not yet fully certain whether they will be ready in time for this particular update.

Exactly that

It's not a fad. Retailers need it.
http://www.wired.co.uk/news/archive/2013-06/06/bitcoin-retail

A new crypto?
So DrK is dead?

What do you think "crypto" is?

Darkcoin is one of the most promising coins out there. Masternode system +  anonymous transactions=revolutionary.

Anonymity is a fad.  As well these technical explanations make absolutely no sense to the technologically illiterate or semi-literate.  For me, Bitcoin is already anonymous in that I never have to show any Government ID to create a wallet.  I don't see how having an optional ledger (or however Darkcoin works) results in more 'anonymity'.  It technically just removes all transparency and makes Darkcoin as bad as the banks and also invites illegal activity.


I'm bored to tears of all these strange people who want to bring in cryptos and make them worse than real life $Fiat.

It's either your comfortable being spied on, or you're trolling.

Bitcoin's blockchain is like an open book, even with Paypal, only the paypal employees can see what transactions you've had, with Bitcoin Everyone can see what transactions you've had. There is No privacy. Once you're identity is tied to an address, everyone on Earth can see what you do with you're money.

Maybe you like being spied on and having the world know what you're doing with your personal $, but I'm sure the majority of people want at least Some privacy.

BTW, there are still ways to make sure anonymous coins aren't used for illegal activity.

How so, you may ask? The freaking exchanges that you use to trade coins. Years from now, exchanges will probably have to follow guidelines set forth by the government in the country they reside in...so governments like the U.S will monitor exchanges for large sums of $ being traded, to make sure it isn't being used for illegal activity like money laundering etc.

That's how it's gonna work.

Strong assumption that the only country in the world is the US.  It's inevitable that something like Darkcoin would be spent to facilitate human and organ trafficking in countries like Albania and Moldova, never mind fund terrorism in the Middle East.

Keep Calm :)
As you know, DRK project it's so strong and there are lots of noobs starting dumps that whales use to spread some fud to buy at low prices...

The best thing you can do is check the official and main thread of Darkcoin for latest news.
Now, is the time for Masternodes and to start taking some darks another time ;)

looks like a classic mining control slow sell off to me.

this means they have real bag holders to sell to.

That's the downside to PoW.  It's one thing when people were hobby mining in 2010.  In 2014 -  Professional miners dominate it now and they're lmost never long term holders.  They have overhead bills (electricity / bandwidth / hardware) and they tend to dump at the first opportunity and then move onto the next PoW coin.

PoW is so laughable but what's more funny is people still throw their money at PoW coins

Did you read this? http://www.wired.co.uk/news/archive/2013-06/06/bitcoin-retail

Taunsew is trying to hard to "promote" shit, premined, and horribly distrubted PoS coins like NXT....so sad....so sad indeed. The first 50 accounts on the NXT richlist own over 48% of all NXT coins there is... That's some Really good distribution for yea. (extreme sarcasm)


With 100% PoS, the early investors get Everything.

With 100% PoW, the early investors get more reward, but they almost always sell early, and there is Always a chance for latecomers to buy their own mining equipment and get coins themselves.

Fad and won't work i'll tell you why

Apart from the possibility of regulatory issues, if the blockchain/transaction record is hidden, then groups of pool owners of large pools could potentially collude to double spend, and if there is no transaction record, then this will not be detectable. Other such scenarios exist as well - remember that the blockchain is a public ledger designed to prevent or record fraud. Hiding this exposes the coin to serious risks.

The only anonymous coins that will hide the blockchain itself is zerocash, which hasn't even been released yet.

Monero/Cryptonote doesn't hide the blockchain
Darkcoin/Coinjoin doesn't hide the blockchain

You can still see what pools have what hashrate, double spend attacks, etc on Cryptonote coins and Coinjoin coins. Zerocash is the only one where the blockchain itself is hidden and you can't see anything at all.

And there are ways to regulate anonymous coins to prevent fraud/money laundering, via the exchanges they're traded on, just like USD/EURO etc etc on Paypal

NxT isn't premined as there was no mining.

There are different meanings to premining, one is where coins/blocks are generated Without mining, before the coin/wallet/miner itself is released to the public, and the other is where a coin is mined in secret.

The 1st one or the former is what happened to NXT. There was a 100% premine that was horribly distributed to "72 people", and because no taint analysis was done to make sure those 72 people were real people and not sockpuppets, we can assume there was actually a lot less real stakeholders, and that a lot of the accounts were sockpuppets.

Proof of Stake is inherently flawed.

Just because its not perfect does not mean you throw it in the trash , especially when its the only real system.

You try to instead find solutions.

Bingo

It's gonna come down hard within the next few weeks.

question is:

 it worth buying even then?

i'm far from convinced .

Yeah this is what happens to every alternate POW.  Professional miners (whales) selling outstrips any demand for the coin.  The crashing price has an inverse effect on decreasing demand as nobody wants to be a bagholder for a coin they think is going to go down forever.


Crypto currencies have changed since 2009 or even 2013 for that matter.   Too many people are getting into this game just for the sake of a few quick bucks.

Buy Quality at low prices - not scams with "gimmicks" at high prices ?

...but privacy isn't.

"Fiat" blows crypto away in the privacy stakes. Even though fiat transactions are not "anonymous" there's no sense in which they are in the public domain the way bitcoin's transaction ledger is.

Doesn't matter that you "never have to show any Government ID to create a wallet". Once joe public knows that everything they do, every transaction in and out of their "account" is in the public domain, they're going to have a problem with it - doesn't matter that the address doesn't have their name on it. It's the one glaring gap that bitcoin has which fiat doesn't. The only single aspect in which fiat is "better" than crypto.

Add to all that the fungibility problem that a transparent blockchain raises - just amply demonstrated by the recent debate over the US Marshal auction.

Given that background "Anonymity" is far from being a fad.

DRK has took a drop but is still alive, fingers crossed this is 1 of the few although that are here to stay

nice news:

https://bitcointalk.org/index.php?topic=421615.msg7726439#msg7726439


 ;)

Evan Duffield just posted the latest development update, where he introduced the first improvement to the Darksend, calling it "Darksend+". Now an individual masternode can't know both the sender and the receiver.

https://darkcointalk.org/threads/development-updates-july-7th.1735/

https://lh6.googleusercontent.com/qdMZqI-3ji7mM9OR50eH-CgrvPngu4ECG0CmjbKBxnyl9pjM5icf8WA6a3z4lMhvv2CNeUoylVVnDqsqUnKdMRh3qBDNPdvRuK70n4q8p4IbqAmc5N1CUql55biWM8YNgw


So, in conclusion, what happened to Darkcoin, is that it just got even better!

just speculating


http://2.bp.blogspot.com/-cCqAC4mAZWA/UPiTkGTb3gI/AAAAAAAAHXA/JmuyCPsFaY8/s1600/stages+of+a+bubble.png

As far as i know dark hinders to detect the source and destination of payments within the network so making it hard to identify wallet addresses and following transactions through the block chain. So like i said earlier one of the main reasons of a public ledger is to prevent or record fraud. Hiding this exposes the coin to serious risks.

In case of MtGox it would be not possible to follow coins if it would've been with dark, or other scenarios where there is need to follow the coins.

That must be a feature Darkcoin will have in RC4? There's still the option to use regular sending like with Bitcoin, and Darksend, so Darksend isnt mandatory.

Also, Cryptonote coins dont hide the blockchain.....so I don't see how this would be a issue for them.

DarkCoin should be illegal.  or closely monitored by the F.B.I. for suspicious activity.

Stupidity kills, but sadly, not quickly enough.

There is no need for MtGox in the future. Smart contracts will prevent fraud and make centralized exchanges obsolete.