Which can't all go to altcoins. LTC requires 0.018 x 28800 = 519 BTCs alone. Add the rest plus new coins every day and you have a disaster in terms of inflation.

Cryptsy is cryptsy. It always has issues.

What does that even mean?

Epic statement two weeks ago:


And we all know what happened next: DRK hit 15$+

You have a real investment eye and understanding of the market...

You aren't following the development plan. Darkcoin is planning anonymity enhancements / upgrades for RC4. If Darkcoin claimed it is 100% anonymous right now, why would it take steps to enhance the anonymity provided? It's simple logic really.

Suddenly everyone and their grandmother discovered dark and came around to troll.

Fully (100%) anonymous coins do not exist. It's a developing field for the last few months and people are having unrealistic expectations.

Darkcoin is based on a system of obfuscation where the "fog" is enough to prevent most "adversaries" from tracking transactions. It will build on that principle to achieve the maximum it can get.

In the future, full anonymity might be achieved but we'll have to wait for that (not only Darkcoin - but other implementations as well). In the meantime if anyone has any great ideas to implement full-100% anonymity contact Evan to implement it.


Ah, the spam / agenda part...


Is there a 100% anonymous coin on the market right now to invest in? No. Zerocoin is as close as it will get (zero proof) but it is a trusted solution.

There is no such thing as a trustless, decentralized and fully anonymous solution - yet. That would also be NSA-proof btw.

Perhaps late 2014 or 2015+ will bring such a solution.

That key is as good as dead right now. Use other public/private keys.

Question 1: Supposing there is time lag, if, say, you can shutdown your pc or disconnect your internet connection at the exact point when you, as a node/mixer, receive the money (but these hadn't the opportunity to be forwarded further), don't you get to keep the money even if you can't hack the encryption? If the money from someone else arrive at my address it's over if I am not "forced" to re-forward them.

Question 2: If the transfer is instantaneous then what prevents a timing analysis of the blockchain in which address A was reduced by 10.423 XCs and address B had a sum of +10.423 one or two blocks later.

Ok divide the numbers /2. Say half of the miners sell and half don't.

It's 23 BTC vs 230 BTC if price goes 10x.

It's not irrelevant. Someone mined a huge POS stake with an ABSURD hashrate and most people aren't even staking. These things *should* interest you, but I won't dictate your own thinking process.

If you are in the anonymity business without being paranoid, you are in the wrong market.

NSA is rooting every single device and software and controls every single network. Yeah, they'll leave cryptocurrencies alone, sure thing.

Btw, is it more absurd than saying NSA buys DRK masternodes? I've heard that a lot.

Personally I was certain they'd love the whole darkcoin thing. It "sells" as news.

There's too much investing going on with people ignorant to evaluate the claims. That's a HUGE problem.

These are not country coins and meme coins where people threw money in the hope of emulating Aurora and DOGE. This is technology and one should be adequately qualified to assess it as such otherwise it's just gambling.

One hears "oh darkcoin is this, that" or "monero this and that" or "xc this and that" and they understand nothing in terms of technical features. People can literally throw in million of dollars by deceiving them that you have a certain technology that you don't really have. It's unsettling. No wonder why Libertycoin wanted "just a basic type of DarkSend" to show for and get the money.

All it takes is the "anonymous" claim and some "demo" that convinces the unqualified-to-determine-the-truth and then the money stream starts arriving. Lol?

Indeed... unless the "family" (bitcoin/ltc etc) denounces us for being the "black sheep"

I can give you one right away: Inflation.

28.800 coins per day X 0.0016 = 46 BTC per day to absorb daily production. This is the culprit of the downtrend.

If price goes to, say, 0.016 = 460 BTC per day (=280k USD just to absorb daily production and keep the price steady).

High price = more money to absorb daily production = more price stagnation.

Unless the reward formula / inflation rate etc is changed, there is no way the price will ever recover.

Cryptoland has too much inflation. Coins need to find the right balance between securing the POW, being scarce and good stores of value and not debasing all the time which loses money for the investor/holder.

Minor stake.


That was the code of some of the hashing algorithms that X11 implements. The full X11 FPGA code is not public. It would require all code to be chained and act as a single program.


How are they gonna ban what's occuring over networks? They can't unless they have massive invasion on networks with deep-packet-inspection inside encrypted traffic...  in which case we have a whole different problem.

DRK doesn't seek government approval (like Bitcoin). It's developed despite regulatory "apprehension". Banning DRK would be the best PR campaign ever and it would also attract enormous development from behind it to improve it to make it 100% government-proof / 100% NSA-proof (now it's not - nor is any anonymous coin).

Banning it from US exchanges is irrelevant as they are too few in number to even play a role.

And then you have Bytecoin & clones... how can you ban coinjoin and not ring signatures? And why ban them and at the same time, as a government, actively fund the development of Zerocoin?


That is not practical. It's wishful thinking. US controls 5% of the global market. A ban inside the US can't protect the dollar's position in the global landscape against gold, bitcoin etc.

There is a price in producing 1 trillion USD per year and it's called devaluation of the currency and stealing your money. When the people have, say, 10 trillion in bank accounts and the government is issuing another 1, then it is debasing the people's money by 10%.

Naturally people want to protect themselves from this type of devaluation (which make all tangible things cost more) by escaping the dollar and moving to anti-inflationary assets (gold, silver, bitcoins etc). The government has taken all the measures necessary to manipulate such assets (gold and silver being >7 trillion USD markets) through paper-contract / futures that oversell gold and silver quantities which do not actually exist. If they can do such large scale manipulation in a 7 trillion market to preserve the dollar, we can only assume that they are also ready to do so in a 7 bn market like cryptos - with vastly lower costs (a few millions for ASIC hardware). It's an extremely small price to pay compared to what's at stake (the value of trillions of USD).

1    Bitcoin   $ 7,947,027,453   $ 619.09
2    Litecoin   $ 318,843,456   $ 11.05
3    Darkcoin   $ 52,733,769   $ 12.14
4    Nxt   $ 46,808,290   $ 0.046808
5    Peercoin   $ 45,744,698   $ 2.13

Dark is acting corrosively to the top altcoins.

Once DRK overtook DOGE, doge crashed from 100 satoshis to 50.

Ripple owner chose to sell.

PPC lost it's "next-to-LTC" position.

LTC prices are going down and down (0.021 -> 0.020 -> 0.019 -> 0.018 etc - as I had predicted it would happen). Instead of being BTC-on-steroids, it's losing money for BTC holders who bought it.

It's fair to say DRK is a catalyst. It's Platinum to Bitcoin's gold - but it doesn't need to be marketed as such. The "Dark" element can stand on its own pretty well combined with a good anonymity system.

BTC: The "gold"... The benchmark. The one constant that everyone goes to or uses as a measure. The property of gold is to be inert and resistant to corrosion for ages - as is Bitcoin. Altcoins come and go, altcoins evolve, Bitcoin stays the same and rules the market no matter what. Rich people hoard it, just like gold bars.

LTC: The "silver"... Silver is reflective and conductive (fast transfers). However it tarnishes over time and loses its "bling". It is also more abundant than gold (29m LTC vs 13m BTC). Silver coins are "brilliant" when exiting the mint but now we are in the tarnishing phase.

DRK: The "platinum"... Platinum is a catalyst and is used in specific applications for its catalytic properties. Doesn't corrode no matter what. It's also mined at much lesser quantities than gold (scarcer) at a ratio of 150 tons (platinum) to 2500 tons (gold) to 25000 tons (silver). Mining production and scarcity of DRK adequately positions it as the platinum. (4.4mn coins vs 13mn BTCs)

(warning: the above do not represent predictions for prices, just analogies of nature and cryptocurrencies)

I cannot figure that out myself. The only scenario that seems plausible to me is NSA.

Given the trillion-dollar power of the USD, and the need to protect it against competing currencies by planning ahead, it would be safe to assume the NSA has a "killswitch" for all cryptocurrencies in the form of SHA256 / Scrypt / X11 / Quark / etc etc ASICs that can take 51% control of any POW crypto any time they like.

However, to control a POS crypto it would require a totally different "vector" namely the acquisition of ~30-35% of the coins (and use them for staking into a comfortable 51% control due to others non-staking). If they already have the hardware, buying the coin off the market would be a no-brainer as it would skyrocket the price. So why not mine it?

All the other scenarios don't make sense to me. Renting GPUs for XC? No sense. It'd need hundreds of thousands of GPUs, too many micromanagement deals to achieve that type of hashpower etc etc. FPGAs are not that fast, it would need thousands. Even for ASICs it would take a couple hundred ASICs assuming a "bad" scenario of 1000:1 acceleration over a GPU (3 GHs per ASIC) - so a few prototypes wouldn't cut it. Fake hashes are a known pool/stratum issue, so I don't see how they could affect the network hash.

Also, if it was private ASICs / FPGAs they would be mining other coins, not do a one-off appearance just for XC. Why wouldn't a ASIC / FPGA owner not use them for ordinary mining?

CPU botnets are also out of the question due to the CPU hashrates of modern coins. Even an entire million of botnet infected PCs at 200khash average per PC would give only 200 gigahash.

If anyone has a better scenario I'm all ears.


Yeah but here we are talking about nearly 0.8-1 TH at peak. That's insane even at 4 MH per card (200.000 to 250.000 GPU). Where is all that power the other days? How can it be one off? Yes, some hashrate of normal miners went to XC and went back to DRK and other coins. But it wasn't dramatic when it left and when it returned to other coins. I estimate the normal x11 hashing power during the pow phase at ~200-300 gigahash top. The rest is problematic to explain.

=>

Leaving the monetary base to be practically taken by the 500-700gh whale would render the coin DOA due to POS 51% centralization.