It might have some value and some use cases where it beats other cryptos, but if we are talking about driving the price, the only this to do that is mass adoption. DRK has a feature that can drive mass adoption (when I say mass adoption, I still see it as being behind BTC for quite a while, if not forever).
I would agree that DRK "has a feature that can drive mass adoption". It certainly fills a gaping hole in the Bitcoin feature set. All I'm saying is that the price speculation that gets banded about on here is delusional and dangerous. The reason it's dangerous is: [1] - it leads to misplaced expectations, which is probably the number 1 destroyer of crypto-asset valuation at the moment (See Blackcoin) [2] - it's baseless. The people making these price predictions have basically no idea why the price might reach that level. I've just given you an example of one of the most successful coins in the history of alts that didn't add much to its valuation over a year despite its success. Remember, to go up in valuation (measured in BTC) the asset needs to be a better investment than BITCOIN, not the US dollar. That is a very tall order and most of DRK's unique qualities are now already priced in by the market. It's only going to get less unique from here as more "anonymous alts" come on the scene. The future price evolution is ambiguous at best We've just gone through a 1000% price increase in the space of a few days. What needs to happen now is a refuelling period. What that means a lot of product development, consolidation, adoption and promotion WITHOUT an associated increase in the valuation. That will allow the current price to consolidate and in 3-6 months time, the new fundamentals can form a proper basis for a revised price increase against BTC. Otherwise it's a bubble and disappointment awaits. Let Bitcoin do the work on the $US Dollar front in the meantime. I agree a lot of the price talk is delusional at present. I could see it going up 3x or 4x in the next couple of months, but 1000% again would be unlikely (it would put DRK bigger than Litecoin). As for the long run I really don't know, although I see it possibly passing BTC (over several years), I can also see it going to 0. |
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Ok so on paper Peercoin might be have some better features, but why should I use it instead of Bitcoin? You probably wouldn't use it but the crypto-economy in general would use it to make small numbers of extremely large monetary transfers. That's what it was designed for. To be a monetary backbone - and before you say "why can't I just use Bitcoin for that", it gets technical and has some economics criteria thrown in. Suffice to say, it's one of the coins that had a lot of thought put into the role it would adopt in the crypto-economy. Have a look at this video: http://www.youtube.com/watch?v=ynwz8H66chYThat is now almost a year old and Peercoin is STILL in the top 4 marketcap coins. That is amazing and is not due to being "kept up there by traders".. If DRK can do that in a year's time it will be in with a high chance of being here for good. It might have some value and some use cases where it beats other cryptos, but if we are talking about driving the price, the only this to do that is mass adoption. DRK has a feature that can drive mass adoption (when I say mass adoption, I still see it as being behind BTC for quite a while, if not forever). |
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What coins do you refer to here as being technologically superior to Bitcoin? I know that there are lots of coins out there with features like smart contracts, POS, smart property etc., and some of them may succeed. The main difference between them and DRK, is that DRK has just focused on improving one feature people already like about Bitcoin, anonymity, and it works right now.
Peercoin was the first major 'revision'. It had an an economic model which was thought through and much more focused on a particular role - i.e. being financial 'backbone'. This was reinforced by its high transaction fees and hybrid algo. Then there were improvements in the algos themselves - Asic resistence, multi algo, service layers, efficiency and retargeting revisions, gravity wells etc. What I'm saying is that having the most advanced technology isn't what gets a coin its valuation. Being seen as an 'original' certainly would appear to contribute and that's probably where DRK is strong. Ok so on paper Peercoin might be have some better features, but why should I use it instead of Bitcoin? What does it offer me? I really don't know, even though I've known about it for ages I've never read anything or had someone try and convince me to use it. Most people like me (not a trader) have no interest in Peercoin, so I'd reason that it is traders who are keeping the price up. Darkcoin on the other hand, I could see why I should use it straight away, anonymous transactions. That is DRK's killer feature. Anonymous transactions is a feature which is very desirable, and will mean that people who aren't interested in trading also enter the currency to actually use it as a currency. |
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LTC is dead.... Just will take longer to happen....
No original cryptos are going to die anytime in foreseeable future. Bitcoin - the first SHA crypto Litecoin - the first Scrypt crypto DarkCoin - the first X11 crypto Bytecoin - the first CryptoNote crypto All clones / forks can kiss my bum, they won't be killing these original players. If I had to invest my 100% fiat into a bunch of cryptos, these would be my choice. I have to say that within all the features Darkcoin has and will have, X11 is the most irrelevant. Of course I agree that your list has leaders while most other coins are simple clones. I agree. I think it's a good idea from the perspective of trying to get a good early coin distribution to have ASIC resistance, but to protect the currency you eventually need to move to ASICS |
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Statistically, it's very unlikely that Darkcoin adds much to its valuation from here ever again. If it did it would be a exception and it won't be because it has the best technology. Being in front "technologically" does jack to a coin's valuation. There are loads of coins which have way overtaken Bitcoin, Peercoin and Litecoin technologically but haven't even put a dent in their price.
What coins do you refer to here as being technologically superior to Bitcoin? I know that there are lots of coins out there with features like smart contracts, POS, smart property etc., and some of them may succeed. The main difference between them and DRK, is that DRK has just focused on improving one feature people already like about Bitcoin, anonymity, and it works right now. |
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If anyone has contact with the user, "davep" from darkcointalk.org, please please inform him that I'm highly interested in his domain name, darkcoin.co.uk
For some reason(I've tried about 8 times), I can't create an account on darkcointalk.org
I'd be willing to buy darkcoin.co.uk for $4,000 or more
Please PM me if "davep" if you're reading this, or contact me if someone knows him, thank you.
Hi BitGucci PM me. BitGucci I sent you a PM. As far as I can tell, there are zero error messages on the server. As well as zero mail delivery fail messages. As far as I can tell, you've never even tried to register. If you see this message please PM me. This is interesting, What are you going to do with that url BitGucci ? A darkcoin info/help/news website. Similar to bitcoin.org in a way. I thought darkcoin.guru might be good for a website like that. |
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wow that dump ...  People are obviously worried that BTC is going to the moon without them. |
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It looks like the masternode count has been inflated due to a bug in the old protocol. My guess is we have less than 50 masternodes (currently I see 34 active).
I also see 34. |
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What advantage does sharing the profit give? Why not just have lower fees? |
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 Da fuq? 10 minutes later it's back to normal. If that's real I'm guessing it's some goldman sachs esque entity doing accounting tricks. It's because you filtered it by "total supply", not "available supply". |
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Yeah id throw in if there was a bounty to get the whitepaper professionally translated to other languages specifically mandarin. Can find someone on elance.com
I vote we don't tell the Chinese anything.  |
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Hello everybody out there!
First of all i want to say thanks for all the great reading from this thread i've been doing this last month and a half. An inspirering community to say at least!
I post it now because I a made the biggest mistake EVER!! I invested in dark, just a little a while a go and then decided to move more funds to drk so that i could eventually run a masternode. Then i finally got to a little over a 1000 drks and i was happy trying to read up on how to set up a masternode. Then the catastrophy sat in and I got high with some friends who was into daytrading. Suddenly massive red candlesticks appeared and it started to plummit. My friends and I high as we were, started to panic and started to talk about all sorts of crazy theories. Then we decided it was a good idea to sell and wait for it to hit 0.005-0.006 again and then buy in to perhaps set up 2 masternodes. (Greed oh the greed) Then the rest is history we've all seen the graph. All though I am happy for drk and thinks it's highly undervalued, I am currently hoping for it to take a little dip before i dive back in. Now i humbly ask your oppinion on what to do becease I'm honourstly getting several grey hairs from looking at the graph all the time. Should i buy in now and eat my loss of +450 drk and then slowly start to build up again. Should I wait for it to drop to 0.010 or maybe lower? I know this a actually the classic (will it rise or drop) question but let this be a scarecrow for all people with weak hands (Or just people stupid enough to make panic-decisions while beeing weedparanoid. Hope you can laugh at my story or use it as a bedtime-story to scare your kids from getting high and feeling wise!
Sorry for laughing |
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When DRK hits $100 a masternode will be worth 100,000 bucks
Who will risk running such a server besides security geniuses?
Could this become an issue. will future masternodes require less DRK?
Evan said he is not considering lowering the DRK requirement for masternode. 1000DRK is reasonable enough and will make the 51% attack harder in the end What we need next is someone with some programming talent to make a site like a pool, but you buy shares of a masternode. So when masternodes are much more expensive, they could still be divided down to a reasonable level. This would also allow someone who was not computer savvy to invest in masternodes, which is optimal. I suggest the software not be based on anything existing, so it could become a darkcoin advantage over the competition. It seems pretty simple though, you buy shares for 1DRK, then it has some screens for stats and it pays out dividends much like MPOS. Would that not in a way centralise the masternodes? I don't think so, you share only one masternode in a server not all of them. Plus, remember the people that have 1000 drk plus will set up their masternodes regardless without the use of such a service. So the idea will only add to the total number of masternodes. Ergo, decentralization will be as good as it was without this multipool type masternode service maybe a little better. I think we'll always have 70-80% of the masternodes operatored by individuals even after they're really expensive to run. But when they get that expensive, it would be nice to have some kind of alternative for investors/supporters. It also increases the overall capitalization of the masternode network, which is really good for the coin. Otherwise this is going to become something just for large investors really quick, so I think it's a good compromise. It will also have the side effect of people not parking -even their small amounts- to exchanges, but rather have it in small "masternode pools". This will reduce fractional practices (as exchanges can operate with more DRKs than they have), creating more (actual) coin demand. It will also allow Darkcoin to be less gox-able when massive exchanges go down and take half a million coins. If people have incentive NOT to park their money in exchanges, a serious issue is solved. I agree it would reduce fractional practices. It might not reduce gox-ing risk. There would still be considerable counterparty risk, as investors submitting DRK into these 'pooled' masternodes would need to trust that their DRK were not stolen/mishandled/lost. Hard to predict how centralized such masternode 'services' would be...there might only be a few, especially if the underlying code is not open-sourced. I suspect that someone could come up with a p2p system for funding a masternode pool. |
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I keep talking about decentralized exchange but !@#$%^&* it. When DRK passes litecoin levels I will be paying someone to make a decentralized exchange if no one fixes this problem by then. Course I'll launch my own coin with the same name at the same time to use with this exchange but it will be a means to exchange all altcoins without having to run the risk of being Goxxed to death with zero chance of recourse. Of course I have no idea if this is actually possible or not yet but sounds good. It's would seem possible, but would be limited to crypto currencies, no dollar's, euros, etc. |
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Competition watch... Any comments on the new Zerocash paper and how it compares and contrasts with Darkcoin? Is it looking more or less of a threat to our rightful world domination?  I think it's a worthy competitor, but time will tell if it is better. I posted a comment on Reddit asking when it would be released, and pointing out that DRK is already released, for which I got -3. |
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i am shure this was discussed earlier... but anyway it is importatn not only for me...
today i was setting up my own wallet on my mac to get my funds from the exchanges for security reasons...
i decided to do the following to secure my wallet.dat. after transfering my coins i formatted 2 USB sticks
than i copied the wallet.dat on the first stick - and moved the wallet.dat on the second stick...
now there is no wallet.dat on my computer anymore. next time before i start the darkcoin-qt i will move the wallet dat from one of the sticks back in place.
the question i can not answer myself... is moving the file realy moving it or is the wallet.dat still somewhere on my computer... and can be found by an hacker in case he can find a way to get into my mac???
thank you for an anwer that is non technical enough for me
I don't think it will be in the file system anywhere. However it may still recoverable from the hardrive, using recovery software. As long as you have a strong enough password on it nobody should be able to access the coins even if they did happen to get hold of the file. |
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I would rather Mintpal add USD etc than BTC-e add DRK mintpal is the best exchange to trade your coins, and adding USD is more good. The problem with adding USD markets is that they will need to ID people. Cryptsy has just started because of that, as all (most?) BTC to USD exchanges do. It's not them, it's the law. Many people don't feel comfortable with this, so maybe it would be better if Mintpal stays away from USD. doesn't require it afaik Because it's run by a bunch of shady as fuck Russians. Well, maybe you are right. But that's Internet, you know - MtGox could have your ID and deliver nothing and some "shady" guys at btc-e just do their work right at the same time. The easy way to buy BTC (no ID required) and huge volume was the reason for me that almost every BTC I bought I bought there and there was nothing wrong with them so far - I guess that's why every coin is eagerly trying to get there. Even DRK.  BTC-E definitely looks like shady russians (i thought they are based in Ukraine) but i NEVER had any problems there withdrawing !!! Russia - "What's Ukraine?" |
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I would rather Mintpal add USD etc than BTC-e add DRK mintpal is the best exchange to trade your coins, and adding USD is more good. The problem with adding USD markets is that they will need to ID people. Cryptsy has just started because of that, as all (most?) BTC to USD exchanges do. It's not them, it's the law. Many people don't feel comfortable with this, so maybe it would be better if Mintpal stays away from USD. doesn't require it afaik Because it's run by a bunch of shady as fuck Russians. Well, maybe you are right. But that's Internet, you know - MtGox could have your ID and deliver nothing and some "shady" guys at btc-e just do their work right at the same time. The easy way to buy BTC (no ID required) and huge volume was the reason for me that almost every BTC I bought I bought there and there was nothing wrong with them so far - I guess that's why every coin is eagerly trying to get there. Even DRK. I have nothing against shady Russians. There's just no way a business registered in a western country could conduct business like that. |
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 powerful patterns on the charts big moves ahead today, usa still asleep for some hours. i think the same way. cant wait the states to get up and start trading i think we have 0.02 today At 0.02 we'll pass both Doge and Nxt |
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I would rather Mintpal add USD etc than BTC-e add DRK mintpal is the best exchange to trade your coins, and adding USD is more good. The problem with adding USD markets is that they will need to ID people. Cryptsy has just started because of that, as all (most?) BTC to USD exchanges do. It's not them, it's the law. Many people don't feel comfortable with this, so maybe it would be better if Mintpal stays away from USD. doesn't require it afaik Because it's run by a bunch of shady as fuck Russians. |
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