We need 140-200 btc supply to push the price at 0.01 before the RC5 and open source ...se we can get ready for the moon...let the big whales put their hands on darkcoin before its too late for them  There have been many weak-hand shakeouts. I don't thin there is anyone left willing to part with that much DRK. I think this will fill: 1) Gradually as miners sell. 2) Spike really hard as there just isn't anyone willing to sell this cheap. There's going to be a standoff with huge deltas between buy and sell with the exception of the mining trickle and fool/bot dust. Buyers will eventually realize that they aren't going to hold it back and the damn will burst as they all panic buy regardless of the delta. I really can't 'get excited' until I see .025+ I couldn't think of a better incentive for mining to increase if you happen to live in a location with viable power prices. The status quo that you describe would also provide momentum to chip designers to work on X11 ASICs. xpool.ca - Where my Neptunes are about to start mining. Maybe look into some other SHA256/DR multipools... But frankly, if it's not DRK, all I'm doing is paying fees to trade it for DRK. IMNSHO, there is no such thing as a coin that should not be sold to buy DRK. Why do we need an X11 ASIC when you can do that? The only X11 ASIC that even makes sense is a tiny, cheap, pico-power just-for-fun kind of thing. I don't personally see a need for it but where there is demand there might be a technological solution. X11 has never been described as ASIC proof as far as I know. I know even less about mining than I do about trading so I'll park it there. I can easily agree with you that if its not DRK it gets traded for DRK. I'm even thinking about selling some watches. I never thought I'd type those words. |
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We need 140-200 btc supply to push the price at 0.01 before the RC5 and open source ...se we can get ready for the moon...let the big whales put their hands on darkcoin before its too late for them There have been many weak-hand shakeouts. I don't thin there is anyone left willing to part with that much DRK. I think this will fill: 1) Gradually as miners sell. 2) Spike really hard as there just isn't anyone willing to sell this cheap. There's going to be a standoff with huge deltas between buy and sell with the exception of the mining trickle and fool/bot dust. Buyers will eventually realize that they aren't going to hold it back and the damn will burst as they all panic buy regardless of the delta. I really can't 'get excited' until I see .025+ I couldn't think of a better incentive for mining to increase if you happen to live in a location with viable power prices. The status quo that you describe would also provide momentum to chip designers to work on X11 ASICs. |
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I'm not very knowledgeable with these matters.
Is a sell wall simply a method of keeping prices down for a while or are there other possible strategies behind them?
Well it's usually used to manipulate market to either keep the prices at the same level or make people lose confidence and push it down. I don't like when this is being done, but it's up to the traders. They don't really care about a coin, they just trade for profit. Now, while looking at the marketcaps today I must say the day has been good. Most coins have had some gains, with DRK having over 20%. I suppose somebody may really want to sell the 15k DRK, and is applying some kind of a "storm the castle" approach: in an uptrend, rather than layering the sell offers in multiple smaller amounts, they challenge the buyers to attack the wall. As it starts to get chipped away, the buying may accelerate until it falls. If that works, then they may have set their ask too low! However, I tend toward the other explanation that somebody wants to hold the price down and accumulate more, now that they see the action is hot on drk Thank you also. |
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I'm not very knowledgeable with these matters.
Is a sell wall simply a method of keeping prices down for a while or are there other possible strategies behind them?
Well it's usually used to manipulate market to either keep the prices at the same level or make people lose confidence and push it down. I don't like when this is being done, but it's up to the traders. They don't really care about a coin, they just trade for profit. Now, while looking at the marketcaps today I must say the day has been good. Most coins have had some gains, with DRK having over 20%. Thanks for that I assume that the upwards kick at the end of the chart will get steeper as people place sell orders in the hope that they can cash in just in case a whale gobbles the wall up and price rockets. I guess that is unlikely given the supply but I bet its easy to get your fingers burned trying to play with a whale! |
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I'm not very knowledgeable with these matters.
Is a sell wall simply a method of keeping prices down for a while or are there other possible strategies behind them?
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0.01 Just about means I regain what I have lost since the price fall. For me, psychologically, it will be nice to see that number again although I'm still happy and looking to 2015  |
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WTF 6k order still standing at 0.0067 plus whatever chunk it already ate, must have been 7 or 8k buy lol EDIT: 0.00673 broken  EDIT 2: Imagine the ~1300 BTC bought a while ago gets pushed into DRK ... That was me, sorry. And its going to potcoin. |
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Lets go to 0.01 please I concur but I'd prefer it to happen over a couple of weeks than overnight  |
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What is the roadmap for Darkcoin after Darksend+ is perfected and open sourced?
As was stated by Darkcoin's lead developer eduffield today:
Darkcoin will focus on providing a host of anonymity services using the Darksend implementation. This would mean my next project would be to rewrite electrum to use the masternodes to anonymize funds, then an android wallet that can use Darksend, then iPhone, etc. The foundation would also be tasked with trying to get businesses to accept Darkcoin and expand the user base.
It means that ALL users will have an out-of-the-box nearly perfect anonymous payment solution, which could be a big deal in the near term future.
I was wondering if it is possible to send anonymous messages to an address with darkcoin. So that the reciever could potentially even read the message within his wallet. Kinda like BitMessage built into darkcoin. THAT would be so awesome. I know that I can sign a message with darkcoin, ... hmm... but not sure if this is the same. My goal is, to one day be able to send someone a serial number (or similar things) back after he anonymously payed me with darkcoin.That would be pretty cool. I think that would be a good next step once open sourced and fully stable and adoption is improving. I've been playing with testnet all morning and 8 round denom is working brilliantly. There are a few confusing issues that need tidying but from my limited testing I'm pleased with what I'm seeing. RC5 is what RC4 should have been although its easy to say that now |
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DRK now popping up on Marketcap radar @ 11% daily gain. People are coming to the thread to find out what's going on and discovering that RC5 is out on testnet. Only trouble is there are already nearly 11,000 DRK on demand above 470 and less than 2800 on offer on the whole order book.
The price can sink on low volume with granular DRK but that coin has two sides and it's being flipped as we speak.
With nearly a million coins already tied up in masternodes and the rest rapidly evaporating from the order book, the buyer @ 0.00545 is wiping their brow at having secured a mere 31 DRK shot since they were immediatelly followed by the placement of a 743 DRK order at the same price which has now chased any significant liquidity up to 55.
Please excuse my ignorance but might this be a catalyst to wake the whales up again? |
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Not quite...look at last seen times. Needs a little time to update first. |
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No, you're not missing something. It has been logged as an issue on Jira and the dev team are looking into it.
There are a few theories but nothing concrete yet.
Weird!
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Any ideas when RC5 is going to be released? What the impact on the price might be?
A few weeks. Probably not much impact on price. |
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LOL why do you care what people do here? Just leave it and move on son, people will do what they want to do regardless of what you have to say. Just click ignore. Its much better if the poor woman/man sitting in a room somewhere trying to upset the internet people can't even be seen. |
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shojayxt
Trust: 0: -0 / +0(0)
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Today at 05:54:46 PM
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Hahaha this feature makes my day so much nicer
I love the fact that he is probably insulting me or others right now and I can't even see it. I had a post deleted the other day because I quoted one of his posts! |
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I just realised I forgot to say that what attracted MBF to research DRK in the first place. Number 1 on his list of investment rules is that "company" must have a product or service with potential demand. He missed the boat on BTC and made a few bad decisions with some other altcoins. What he loves about DRK is he thinks that it has future demand. He has been stung on a few bad investments in technology companies over the years but most notably poured money down the drain in the late 90s investing in companies that had little more than a web site and a cool name. Since then his biggest successes have ranged from online confectionary and food services and a few other things that I can't mention without potentialy identifying him. I think the fact that MBF has DRK on his watch list is a nice little reminder to look to the future and stop looking at the price chart  |
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I don't want to sound like a whiner, but I'm going to whine, LOL. I don't get it, why is lightcoin worth $5.50+ right now? What the heck? Why? And darkcoin in a hole... yah.... And I really wish I understood statistics so I could figure out what the chances of being found out are for 3, 5 and 8 rounds of darksend? Finally, I agree with the guys above. Auditing takes a long time if you do a thorough job of it, and we (the community) wanted a job well done. Kristov has a moral obligation to us, foremost and primarily. His coins are his to do with as he likes, including selling off asap if he thinks they're not up to snuff so he can cash in before he sends in his verdict. How else are we going to pay him? This makes his obligation to us, though he gives his report to our CEO, our CEO did not pay him, and shouldn't control his loyalty, we should. Now I have a crazy idea. What would happen if you could, along with denominating your coins as it is now, darksend them with a front end mixer like it was? Man, I'd think that would be incredibly messed up! How could anyone/thing follow the bread crumb trail then? Also, I think I glimpsed a question about the blockchain getting bigger. Yah, I think it'll probably be getting.... guessing.... 5% bigger/faster than a "normal" block chain (pulling out of my @$$, but...) But the thing is, we're planning to have masternodes serve up the blockchain for our users (also will still need to be on hand for miners) So eventually, users will only need to use a lightweight blockchain while the miners and masternodes will keep the ledger decentralized and in check. (and of course, anyone else who wishes to keep a copy). Also, stonehedge, anyone could at least study the way DS works, or get someone they trust to look into it and get at least the idea reviewed for themselves. True, you can't see if the code has flaws, but you can extensively test it in testnet (without any risks) and see how it performs. So I think your financial dude is a bit myopic and not seeing the big picture. We are also a small community here. We know whom we trust (really trust) and it's as good as we can get it. Yet, I'll bet my life, yes my life, that we as a community can figure out whom to trust better than any business out there in the "normal world". All pump and dumpers are scammers trying to bleed newbs. That's the only way money gets into the system for them to win. They always hurt crypto coins when they do that as well, all cryptos. But there are bad players everywhere, and I dare say the subject is easily written on every wall, all over the floors and on the ceilings, so anyone who gets burned in that game should have known better. Point being, we have all kinds here, yet as in the real world (outside cryptos) we, as a whole, can figure out what's what I think you're on the right lines TanteStefana but the thing is that for us to succeed with DRK, we need to attract people who might not necessarily know what a code review or open source is or actually means. These are the kind of people who need to be able to see an easy to use service and not need to know about how masternodes work or understand what Kristov comes out with. These are the people who need a method of payment like Darkcoin and decide to use it. Unfortunately, these are the people most at risk of FUD in my opinion. As for my banker friend, as JGCMiner points out, he has probably missed an opportunity to get in relatively early and as you point out he is being a touch myopic but that is the way he has to be. He isn't your average joe DRK user, he wants to buy 20k or 30k DRK and sit on them for a few years. For him to invest a similar amount into a startup business (which is his second hobby, after driving up London property prices) he would need to see a code review by somebody who didn't have a vested interest in the success of the business. Myopic for sure but rest assured that my banker friend (MBF from now on!) misses plenty of opportunities and also makes plenty of bad investments too. He has his rules and sticks to them. One of his rules is that compliance is non negotiable. I noted a few people up thread saying companies pay for auditors to come in and always will. That is correct but this is slightly different in that the auditor is independent and being rewarded by the potential success of the product he is auditing. It is not the same as Evan saying here's $2k to come and do a code audit. This is the DRK community inadvertently saying please come and review our code and if its good, you will earn a lot more money than if its bad. This is not cool in the real world. I only really raised it as an issue on this thread because I'm not sure if people realise what it could look like to potential investors/service users who might consider getting involved with DRK when they hear of it but don't know who Eduffield is and don't know their masternodes and DRK community from their asses. Anyway, this current low price stability is reassuring and I'm just frustrated that I'm as invested as I possibly can be and not have a divorce on my hands The code review will be of value to darkcoin and to the community but I doubt it is going to attract much outside attention. This will come after RC5 when Evan and his compadres launch their marketing machine into full swing. We're still testing a new service and we are privileged to be involved so early on. Last time I contributed on here I caused offence by insinuating that some people were liars because they were reporting lost funds and bugs on here but refusing to report them to bitcointalk or on Jira. Sorry if I have caused any offence by opening a discussion on the code review. S ometimes it is good to look at something that you have emotional and financial investment in with an independent with experience (like MBF). I was just reporting back on his thoughts. For what its worth, he loves the masternode concept and will keep an eye on things in the future. I think he has a DRK price ticker on his phone and google news alerts set up now |
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Glad you feel better mr activity 0
Waiting on the atlas review as are lots of others. This gives something really solid to promote. As opposed to all the "our coin is the best anon" claims which is so prevalent investors can't distinguish the good from the vaporware. So an outside reviewer giving the thumbs up is really what it takes. The market is pumping elsewhere. So people sell and look for quick gains. Dangerous though. The review could come out any day. As for for the price it is cheap. The future of this coin is incredibly bright. It's a long term project. A banker friend of mine found it hilarious to think that the community is waiting for an "independent" code review on the basis that the "independent" code reviewer has been paid with the alt coin that he is reviewing. An individual can't be truly independent unless he is paid in non related coins/currency/commodity. Would you pay an auditor to audit a company with shares in that company? I bet there are more than a few hundred people keeping an eye on his public donation wallet Before anybody flames me, I personally trust KA's involvement and given that I have a few masternodes I hope my trust is well placed. And let's not go crazy about his review. Price probably won't go crazy no matter what he publishes. As it won't with RC5 or with open source. This is a long term race. There will be crazy periods along the way, we've already had them before in both ways, but they are not easily predictable and won't come with a date attached. If they were, we would already be retired enjoying our riches I agree there is little incentive in Kristov influencing his findings because it would destroy his outstanding reputation and future career but this would not be allowed to happen in the money markets and in my opinion should not have been allowed to happen in the crypto coin market. If a code review doesn't meet the qualifications to be considered impartial then that will be seen as a negative. It doesn't matter how slight an incentive there is, it still provides ammo for the FUDsters and temptation for those involved. I have seen board members of companies worth in excess of £150m lose their jobs and reputations over fraud worth less than 1000DRK on several occasions. Its crazy but it happens. My point is, if you're going to do an independent review...it must be totally independent. The banker friend was interested in DRK and did his research. He applied the same metrics that he applies to any investment in any emergent technology and DRK failed (or a least he is holding off buying) because of the way in which KA has been paid. That's a reminder that real world business standards need to be applied to alt coins if they are going to progress long term and attract new money. Personally, the thing I'm most looking forward to from Kristov's review is the possibility of a better understanding of how the damn thing works As for price checking. I'm through my phase of checking fifty times a day...I'm spending my time and efforts bagging as many DRK as I can instead. |
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Glad you feel better mr activity 0
Waiting on the atlas review as are lots of others. This gives something really solid to promote. As opposed to all the "our coin is the best anon" claims which is so prevalent investors can't distinguish the good from the vaporware. So an outside reviewer giving the thumbs up is really what it takes. The market is pumping elsewhere. So people sell and look for quick gains. Dangerous though. The review could come out any day. As for for the price it is cheap. The future of this coin is incredibly bright. It's a long term project. A banker friend of mine found it hilarious to think that the community is waiting for an "independent" code review on the basis that the "independent" code reviewer has been paid with the alt coin that he is reviewing. An individual can't be truly independent unless he is paid in non related coins/currency/commodity. Would you pay an auditor to audit a company with shares in that company? I bet there are more than a few hundred people keeping an eye on his public donation wallet Before anybody flames me, I personally trust KA's involvement and given that I have a few masternodes I hope my trust is well placed. |
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RC5 and enforcement is way more interesting than naming a feature that may not ever happen and if it does, will take months to develop.
Ok, so what do you have to say about RC5 and enforcement except for that its being worked on? I don't know, maybe the master node voting system bug that was reported today that shows that masternode voting has been non random. Sadly, random variance hasn't been the entire reason why some master nodes are luckier than others. |
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