=> I feel that anonymity is vital to NXT to stay competitive, look at how darkcoin is rising.
I thought the developers were working on adding this feature to NXT anyway?
IDK, but i think we can do it better. And it only has to be optional for people to use, that way it gives people the freedom to choose.
 You know you are doing something right when even NXT wants to stay competitive with you... |
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Continue to fight back without standless point.
1. I will not responde, it is clear that the coin is instantmine and people can guess who mine them.
Yeah well and I can guess satoshi and his friends mined the first million bitcoins. There was no announcement, and of course you weren't notified of its future success... So by your rationale bitcoin is a 10bn $ scam. DRK was preannounced. Its success wasn't though (and that's why people were selling 100k DRKs for 2.5BTC). Now a lot of people are butthurt because either they lost the train, or their own anonymous coin sucks so bad that it's not even funny. Now go open some threads about why NXT is a huge scam since nobody mined anything but were given the stakes. Or Ripple. Or IPO'ed coins and would be IPO'ed coins like ethereum... Or Counterparty with the burned bitcoins... or all the POS and PoW/PoS hybrids with the 100% instamines... yeah much fairness for future miners in all those. But DRK gets all the attention. No surprises there though. 2. You are still trying to argue without ground. If you look at facts, suppose a huge number of miners jump on DRK in the first 15 hours, the difficulty change will not be as shown in the block chain.
And? We know the totals in terms of coins. 3. That is not the wallet that majority of miners can run after 4 hours of release. You say the majority of miners as dumb, while you guys dont provide an equal opportunity for all the miners?
There is no such thing as "equal opportunity". Early miners always have the advantage. Especially in the PoW/PoS hybrids that you don't see a problem with their instamine... what can the future miners mine in these coins? And you care about "equal opportunity"? Yeah, right. |
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The whole too-low-initial-difficulty plus exponential distribution thing seems to be a trope now. Bitcoin's initial difficulty was high enough (relative to existing hardware and software) that it couldn't even keep up with its 10 minute target during the first year. If I were crazy enough to launch an altcoin I'd set it so that the real mining didn't begin until it crossed some somewhat reasonable difficulty to reduce the land grab intensity, because it smells pretty fishy otherwise.
Altcoins don't have the luxury of bitcoin. Not even litecoin has it (next year it'll produce another 10mn coins over the existing 29mn - requiring >100mn USD to buy these, so its price has only one way to go... DOWN)... In effect steady minting of coins leads to dead coins due to inflation. People can't afford to have a coin that goes like 1mn coin this year, 2mn next year, 3mn the year after etc etc. It's guaranteed suicide in terms of investment. Especially in the first months, inflation can be like 2-3% per day, requiring hundreds of BTCs to keep prices steady. Hence the fast-reward at the start / slower or even no reward (PoS/PoW) thereafter for modern coins. (With DRK it was a case of too low diff at the launch and too slow diff retargeting which spewed coins like crazy.) |
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1.Now I can see you are trying to argue without standing point. Did you see 1.75 million DRK sold in January?
Only a idiot will believe he sold all in january.
Let's say I know at least 7 people who bought batches of ~50k coins each totaling 350.000 coins from early miners and exchanges (early feb). And these are those I know of. Suppose even if he sold all in january, is 42 btc bare no money? In January BTC worth more than 700 usd.
Who is "he"? There wasn't one guy mining. Go to the DRK thread and see the WTS 10.000 DRK messages by individuals. 2. Instantmine is that one or few person mine a ton of coin in the beginning of release, mostly because of low difficulty. Do you see in BC, Cinni or other POS coins case, one or few person mine a 40% of PoW coins?
In PoS coins, the developer make a ANN that everyone can mine from beginning, do you call this instantmine?
If you have a coin with, say, 16 mn coins, and by day 7 you have distributed them all, you are instamining something like 2mn coins per day. The difference being, that after the 7 days no new coin will ever be mined - so late arrivals will have to buy from the bagholders. 3. I cannot agree with you that most miners use linux, because according to what I know, majority of miners use windows.
All the large farms and at least half the miners (as individuals) run on linux. The aggregate hashpower is enormously in favor of linux. Remember that DRK did not launch as a GPU coin, but as a CPU coin. X11 didn't have a GPU miner until mid february. Also remember that Windows QT wallet launches of CPU coins are criticized heavily due to being botnet raped. If the dev launches with Windows QT one would say "ohhh that's a botnet coin, fu"... if he didn't "ohhh that's only for linux miners". Damn if you do, damned if you don't. If someone wants to find something bad to say, they will say it. |
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How could you justify this. There is 1.7 million coins premined, at an average price of 0.001 btc, that would be 1700 btc. If he sells half of it, it will be 850 btc.
You are just talking bare lies that 1700 btc or 850 btc is bare zero money.
1.7mn DRKs had a cost of 42.5 BTC in january. You are applying retroactive logic (current valuation to the circumstances of the past) of the kind "oh those idiots who bought the 10.000 BTC pizza, now would be millionaires". Yeah, well, nobody knew. Same with DRK... 100k DRKs = 2.5 BTC. In some cases even 2 BTC. Also, you are talking the PoW/PoS coins such as Cinni have very short PoW time as "instantmined", however, do you understand what is instantmined? Instantmine is defined as at the early stage of PoW stage of a coin, the mined coins accounts for a large amount of the total PoW stage. DO NOT LINK your instantmined DRK with us, ok?
All pow/pos coins are instamined since future miners cannot mine them at all. Contrast this to DRK where 2 were instamined and another 20 could be mined later. Which is fairer to late miners? The one where you have to buy it from the bagholders (no mining possible), or the one that you can actually mine it too? It's hypocritical to argue about fairness to late miners when you are supporting any pow/pos 100% instamined hybrid. Now it is very clear, DRK is instantmined by a single person before others could use the qt and miner. Because the developer hold 40% of coins, he is trying to do whatever he want.
Most miners use linux. |
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More amusingly, what DarkCoin does is highly centralized because the software is closed— you can't get more centralized than closed source. What the actual behavior is, is anyone's guess— it's impossible to review due to it being closed— though "masternodes" does not sound like something decenteralized, it sounds like something that creates a small chokepoint which could be used to deanonymize its users, like a server based CoinJoin but worse since you have to hold a huge pile of coins to run a server.
1) Masternodes are just a term. They could be called "decentralized nodes". With 500 nodes on the network, it's hardly "centralized". The number of desktop wallets running will probably be less than the nodes themselves. 2) The argument about centralization and closed source, is invalid. There is no intention for DarkSend to be ...trusted by its users. The open sourcing has been decided and will be done once the code is finished. What's the point of opensourcing it while the specifications are not yet finalized? 3) The coins required for the masternode are in order to prevent bad actors through a cost disincentive that escalates as one tries to accumulate more nodes (less coins in the market, price spikes, accumulation of extra nodes = problematic). DarkSend does not use blind signing, and, if I remember correctly, the reason is that the implementation had DOS issues and the attacker could get away with it. So given that the node knows what it signs, the next alternative was to do multiple darksends through the nodes. That, along with the cost disincentive, would reduce the statistic probability of the bad actor controlling all the nodes of a transaction and hence knowing the money flow. I am not aware of plans to implement blind signing (they could exist, or not - it's up to the dev of darkcoin). As I've said before CoinJoin is interesting because it's inherently part of Bitcoin already— it just needed better tools (and now there are some, e.g. darkwallet) to make it available to people.
If it was part of Bitcoin, it wouldn't require Dark Wallet, would it? In an incompatible system much better is possible as is proposed by ZeroCash
How is a trusted solution (due to the accumulator) better? |
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VRC is already pumped... Pink coin ftw  |
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Everywhere I get mixed reactions when I ask the same thing, some thinks its real some say it's scam but people who got in on it earlier, profited from it real well.
If they kept their coins (same with Bitcoin): Too many coins were sold as miners tend to sell and not keep. Let's just say there weren't many expecting Bitcoin to reach 1000$ when they were selling their BTCs for cents, neither were many expecting Darkcoin to reach 17$ when they were selling 100.000 DRKs for 2.5 BTC. As I am sure you are well aware AlexGR, that's an extremely weak argument to defend a massive instamine and unfair distribution. It holds absolutely no water. Fairness to who? Late miners? By this definition all instamined PoS/PoW are 10 times more unfair than DRK. |
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Everywhere I get mixed reactions when I ask the same thing, some thinks its real some say it's scam but people who got in on it earlier, profited from it real well.
If they kept their coins (same with Bitcoin): Too many coins were sold as miners tend to sell and not keep. Let's just say there weren't many expecting Bitcoin to reach 1000$ when they were selling their BTCs for cents, neither were many expecting Darkcoin to reach 17$ when they were selling 100.000 DRKs for 2.5 BTC. |
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It doesn't explain why 50% of the coins are not held by Dev.
It doesn't explain why 250% of the coins are not held by Dev either Premine = the dev creates a coin where a number of coins (from 0.0001% to 100% of the coins) goes straight to a certain address and is then used/distributed etc. Instamine = fast mining (where many are mining). Example = PoW/PoS coins which the entire monetary based is instamined within a week. Now, just because something is mined fast doesn't mean the dev has 100% hashpower. Go to the Darkcoin thread and look at the miners and their WTS 10.000 DRK for 0.25 BTC. |
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It's better to have "fluidity" regarding what you call virtual currencies.
Thing is, not all countries revolve around what the US authorities think. Some countries (with serious inflation) have a lot of capital controls in place for currencies so that they can stabilize their national currency... So by hard-defining it as currency you can "solve" one problem but "create" many others.
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When darkcoin was launched in january it was initially called xcoin. The name changed to darkcoin a few days later. |
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The prospect of the anonymous market catching at least 10% of the marketcap of the transparent market (in other words anonymous coins sharing a 1bn marketshare pie) has now been accelerated  One definitely would hope so! Hopefully people read up and become aware. Btw, we'll also need decentralized exchanges. |
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The prospect of the anonymous market catching at least 10% of the marketcap of the transparent market (in other words anonymous coins sharing a 1bn marketshare pie) has now been accelerated |
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 Seems legit. LOL, FFS so someone dropping cash for organised FUD campaign, the question is who? 1 Whale after cheap DRK 2 LTC bagholder with coin envy 3 ? I take it as a good sign that dark is attracting this kind off attention but the uninitiated are easily fooled in my experiance. The uninitiated don't make money. That's the thing... They stayed away from Bitcoin at 30$ because it was a bubble, they stayed away from it at 70$ because it was a bubble, they stayed away from it at 120-140$ because it was a bubble etc etc. And I've seen articles like "oh the founder has kept a stash of 1mn coins, this is ridiculous, it's a pyramid" escalating all the way to claiming the NSA made bitcoin to impose the new world order. Ok. |
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LOL @ idiots selling <171...
At mintpal it has ltc/drk at 1:1 ratio... one can turn drk=>ltc=>btc and get 171 instead of 166.
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A lot of people lost coins that they will never see again because they believed they could sell high / buy low - and the low never came. Everytime it was like "yeah, just wait for the dump round the corner"... fud and "analyses" that simply overlooked the astonishing buying strength of the whale buyers.
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I don't necessarily agree with him on the bottom, but all the same he's right about technicals trumping fundamentals in extreme cases such as the rise we've just had.
Not really. Fundamentals trump technicals: Technicals are good, but I'll take fundamentals any day of the week: Back in March (price 0.0012) I wrote: As for large investment interest mentioned earlier, that's natural: The "transparent" market cap of bitcoin and alts is 10 billion USD. The anonymous market is peanuts: 4mn USD (1mn anoncoin + 3mn darkcoin). When the anonymous market delivers, if even 1% of the transparent money move to privacy-centric coins, we are talking about 100mn marketcap to be shared between anonymous coins. You can't go wrong there, although from an investment perspective I doubt they are talking exclusively about DRK. It would probably be a portfolio of coins with unique anonymity characteristics. That would also serve as a hedge to a potential loss in the bitcoin and alt market which would seem as problematic for being transparent. This type of money involved as investment and hedging is more important for coin price than market adoption in commercial trades done with DarkSend, simply due to the enormous volume of USD that are involved. Adoption in transactions will be slow. Today you can't even buy things with Bitcoins (except 0.01% of the cases), so the issue of adoption of altcoins is in itself somewhat of an oxymoron. But there will be a day when this will change.
In early April I wrote again (same price 0.0012) https://bitcointalk.org/index.php?topic=549572.msg6020352#msg6020352As for Hirocoin vs DRK, Hirocoin is competing in the transparent market vs other altcoins.
The transparent market is a monopoly right now of 10bn market cap value where Bitcoin is the undisputed leader. Darkcoin is creating a new market and providing a new choice: Do you want your transactions and your money to be tracked, or do you want privacy?
So, just as you have one shop and everyone goes there (100% market) and then another one opens and the marketshare is shifted towards the new choice, it's the same situation with Darkcoin.
By presenting a new choice, people will now be able to choose on whether they want public or private cryptocurrencies. If even 1% of the transparent market opts for privacy, we are talking about 100 mn market cap. If 10% goes for the private market, we are talking about a billion USD.
I don't know how Hirocoin, or any other plain altcoin can have a better "this is the coin to watch" prospect than DRK. The fundamentals are very strong.
So we went from a 4mn anonymous market to ~70-100mn (depending if one counts the Bytecoin marketcap), getting the 1% milestone. Next stop is the 10% milestone for anonymous coins. It could take a while though. This is not a ride for people with Attention Deficit Disorder who want to see the price move up every day and panic if it doesn't, or people who are into pumps and dumps between coins. Now show me ONE technical analysis which predicted anonymous marketcaps of 70-100mn USD. Oh, there is none because they ignore the fundamentals. The last point I made still stands and went unanswered. Is there anyone who predicted DRK's rise on technicals? |
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Can someone who knows more of the history debunk this:
