As I said, it is info from a dream. In the dream I was having a conversation with someone (the sense was that he was quite knowledgeable) and apparently I was asking him about future bitcoin price. The answer he gave me was $18.000 / 2016. Whether it is true or not, we'll have to wait and see. That would exceed 250bn usd in marketcap which I find hard, but then again, it's still a marketcap lower than some companies.

Use darkcointalk.org for daily updates when at work and read bitcointalk at home. Problem solved.

Price prediction based on a dream: 18.000$ in 2016. Posted for future reference

Yes. However inflation (and the money required to preserve price by buying new coins) is a factor that affects market supply.

Two coins -all things being equal- where the first has 1000 new coins added per day (x0.01 btc each) and the second has 10000 coins per day (x0.01 btc each), will have different market supplies due to miners dumping for BTC.

Even if the numbers were sliced in half (assuming 50% dump) the argument is still valid.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day * 50% dump (=1.1mn)
Litecoin 8,32$ ~30.000 per day = 249.600$ per day * 50% dump (=125k)
Darkcoin 5,89$ ~2880 per day = 16.963$ per day * 50% dump (=8.5k)

Block reward was ~25, instead of 5, for a couple of months prior to the escalation of difficulty.

At 25 per block = 14400 coins per day x 0.0015 (price a few months back) = 21.6 btc per day
At 5 per block (diff maxed out) = 2880 coins per day x 0.01 (price now) = 28.8 btc per day

If price managed to remain stable during the 14400 coins per day period - for months (when DRK was unknown as a currency), it can also do that now - easily.

It's not daily supply that's causing the downtrend. It's a holder or some holders exiting. The daily dumping exceeds 2880 coins. And my advice to buyers is that since these guys are determined to sell and exit, then make them dump for cheap and buy lower. Place orders at 0.008-9. They'll have to dump an extra 10-20% of their assets for the same BTCs.

The problem of deflationary impact is non-existant in cryptocurrencies as they are supplementary currencies that do not affect the economy at large.

The problem of a deflationary currency is when that specific currency is also a national currency, dictating the macro-environment and economic operations within a specific national economy. In other words, when people transact with a decreasing number of money, the GDP goes down.

If a country continues to issue toilet-paper money (inflated money), it can keep its economy moving. However citizens do have the option of using cryptos, gold, silver etc as a store of value. The government can still pay its budget and deficits though since its issuing new money.

The whole demonization of deflationary currencies, in terms of cryptos, makes the erroneous assumption that they are the only type of money available - when they are not. They exist within a broader ecosystem of various types of money and therefore do not really set the tempo of the ecosystem. Governments do (dictate the tempo) with their fiat scam money issuance.

It doesn't matter. Coins are fractional. Instead of using 10 coins to do a transaction, you'll simply use 5 if half the coins are lost - because the value of the remaining coins will double due to scarcity.

Given that you can go up to less than 1 coin (with 0.5, 0.2, 0.0003 etc) it's not a problem in any way.

Well Monero, or any other crypto for that matter, won't be here for millenia - that much we know (or at least suspect with high degree of %).

Gold inflation, as a measure of scarcity, is "somewhat" negated by population increase / number of users of gold. For example in 1974 there was just 4 bn people... now we are running at 7.1bn people and going for the 8bn mark in a decade... So the gold distribution per person necessitates a doubling of the above ground quantities in the same time span between earth's 4bn and 8bn - just to remain constant. But the mining supply also accelerates due to better mining methods and incentives to mine (as price of gold skyrockets due to inflation in the monetary supply).

While gold is universal, in the sense that everyone knows it, cryptos are a booming market and thus they do not require a population doubling to reduce the impact of inflation. The only thing necessary for something like that is a wider adoption from the existing pool of humans. An ever-expanding user base negates inflation through new money flowing in.

Thing is, if the number is accurate, and 20 is the "average" then it means the lower-end of the spectrum is in the ...low 10's.


As I read my expression, I didn't really write it correctly. What I meant is that there is simply tons of info and too little time to focus. It's not the internet which restricts our time. It's limited time that disallows us to view / learn everything.

As for self-education over the Internet, it's the only way to go as far as future education is concerned. Knowledge on-demand.

No "making-fun-of" intended. 30 and 40 yr olds have their "issues" too. There is not a single generation without issues to deal with.

In my assessment ADD is a coping mechanism. An artifact of the media content and internet revolution. Media content (videos) are faster and faster, with constant action bombardment to stimulate reactions, while the internet disallows one to spend long time to read stuff / watch stuff, hence tons of content bombard our mind, competing for our limited time.

Our mind has to prioritize how it deals with information overload and thus gradually learns to focus for short bursts on the things that "move" the fastest / seem the most important...

20 years?

That's why the ADD issue and zero-patience for long-term projects / extremely short "investment" horizon.

Tax miners?

If you use your mined DRKs for MNs you get 20% "interest".

If you use your mined DRKs for MNs you reduce the danger of having them on exchanges, which can be risky for exposing large number of coins to hackers (can lead to price implosion / dumping hacked coins).

If you use your mined DRKs for MNs you actually provide a useful service to the network.

If mining becomes "unprofitable" and the hashrate drops, block reward goes up to 6, 7, 8, 9, 10 - up to 25 DRKs per block.

When I want to send you money through a DarkSend, the masternode does not receive my coins and forward it to you. This would be a trusted technique in which the node would potentially steal the coin. What the masternode does is use my keys for signing the transaction. It's a middleman who never owns my coins.

In XC, for example, A sends the coins to node and then node sends coins to B.

XC is coin-forwarding (coins go to the node). DRK's masternode simply signs transactions.

I hope he can also provide some feedback for even greater levels of obfuscation / anonymity - if he finds areas of improvement

You didn't answer on the capital gains tax due to regulation of transparent coins but you are somehow "hurt" by having 20% interest through masternodes. So, yes, you are trolling.

The "unintended consequence of POS" is its flaw, as was evidenced in this case. It's not about coins per se. It's about the proof-of-(insterherewhatever) model is used.

You are trolling so bad that you don't even see its hurting your trolling arguments. If the government tomorrow asks you 50-60-70% tax on capital gains for your transparent coins (BTC and others), because it can map out every transactions of yours, then come and tell us anon currencies are a bad idea and that "20% MN tax*" is worse.

* Which of course is 20% interest on your coins if you use them for MNs.

If the design is not fault-tolerant of other's ignorance, incompetence or stupidity, then its dependencies for being useful are too large.