|
My prior post doesn't mean the anonymity works or doesn't work. Nor that things will go up or down. Nor that one should buy or sell.
It's not an endorsement.
It's a warning:
If you don't know if it works or not, be careful.
If you think you do, be EXTRA careful.
If you need others to tell you, be EXTRA EXTRA careful.
If you do actually know, you don't need advice from me.
|
|
|
|
Everybody is lurking at XC now, because people are uncertain of what to think of it, because of the FUD DRK spread about it.
People need to stop lurking and start buying.
People need to undestand what they are buying instead of asking others if it's working. If you do not understand the screenshot of the poster with transactions occurring on his laptop or the video, and what these mean, that's a real problem right there. If you did, you don't need another's opinion. |
|
|
|
That is what Silk Road was about, that is what they were arrested for. Not for using cryptos, in fact, the US government sold those coins, and put over a cool 2 million bucks in their pockets! Nice, they should reduce our taxes, but Obama has already spent the money  Surely, 100k coins should be worth more than 2mn  |
|
|
|
What about governments close exchanges (like Silk Road) or forbid them to trade DRK?
How to trade DRK without site exchanges?
Bump There are like >100 countries that do not even have an exchange. How do they trade DRK today? Simple. They use the exchanges of other countries. But if these countries (under U.S. influence), close or forbid exchanges to trade DRK? There will still be other countries that see "opportunity" to host these businesses. |
|
|
|
What about governments close exchanges (like Silk Road) or forbid them to trade DRK?
How to trade DRK without site exchanges?
Bump There are like >100 countries that do not even have an exchange. How do they trade BTC or DRK today? Simple. They use the exchanges of other countries. |
|
|
|
I was checking the neural network predictions: http://www.btcpredictions.com/Indicates stability in 600-620 region for next 10-11 days then drops off a cliff  |
|
|
|
One could make that happen much faster, without transactions, if instead of waiting on the wisdom charts all day, he drove BTC demand up drying liquidity... how? With the plan I proposed earlier about minting physical gold/platinum/silver coins with BTCs in them for collectors and precious metal "stackers". This could drive the entire annual supply of BTCs out of circulation, every year - thus making (practical) inflation go to zero or negative, as new bitcoins are "stacked" as rounds / collectibles. The number of 1 oz gold rounds that are sold every year are like millions. Same for silver rounds... only the US mint makes 50mn american silver eagles. What if stackers and collectors had the option to buy gold+silver+btc in them? It would be a triple-hedge-coin against fiat consisting of PM, collectible/rare (due to bitcoins rarity) and self-hedged between bitcoin and gold/silver/platinum.
Silver/Goldbugs generally dislike bitcoin but what they do really hate is FIAT - so in this they sometimes find Bitcoin to be an ally (and sometimes to be a government scam to divert from their favorite PMs). Some times they also understand numismatics and how mintage affects rarity and value and in this they can't really escape the proposition of gold bitcoins. People are currently paying premiums for ...Pandas (gold coins in china), why wouldn't they pay if there was a gold coin + 1 btc in it?
you forget that when 1 BTC is added to gold 1 oz coins, the price of that BTC will become higher, and the next year, less people will be able to afford the new coin for that year. In the end, they are buying BTC with a golden cold storage option  Don't think your proposal would have a large effect. Although, I'm sure that most of the casascius coins who are already "in the wild", will not be opened for a long time. You can check it here: http://casascius.uberbills.com/Total unopened (active) coins: 57666.4 BTC Especially the silver and gold coins will remain closed.  But that's the point... to get the price moving instead of simply waiting in front of the wisdom charts on how it will go up by others. If it has the desired effect, all the better. If the balance of price between 1oz + 1 BTC goes out of hand in favor of the BTC (>1:1), you simply make new coin denominations like 1oz + 0.5 btc for example. And this, in itself, from a numismatics perspective, creates further varieties of coin which add to their collectible status. For example "war nickels" (5c coins in the USA during WW2) had 35% silver because the government didn't want to use copper. This is a historic fact which differentiates them from the other plain nickels. Then you have stuff like which mint minted a coin, the year of circulation etc. So when each coin carries a bit of history with it, it's even better for the collector... for example "this coin was created after the june 2014 boom and had to compensate with less BTC value to keep prices affordable so it has 0.5 instead of 1 BTC"... Collectors love that stuff. Actually sometimes they pay way too much. You wouldn't believe the numismatic market. People are paying like +1000$ for a coin if it has one-two less minor scratches that takes it to ms67 instead of ms66 for example. The "unopened" will be an added layer of rarity... It will be like saying Uncirculated + Unopened. |
|
|
|
holly mother of nodes....btc is rocking back to life
btc sees a 5x times rise from here, dragging everything along, drk at 5x from here is $55.....happy days.
I can see DRK at $50+ relatively soon but BTC at $3000? When the US bond market collapses, sure. Well, BTC at $7.9 Billion is 0.11% of the global asset market. Longer term I can see DRK dragging BTC up if businesses are happier adopting DRK because it allows them to retain their financial privacy... Okay, I'm sorry, anonymous transactions certainly have their benefits, but I have to say this: NO REAL WORLD BUSINESS WILL EVER USE ANONYMOUS TRANSFERS. I work in finance / accounting and let me tell you for a fact that this will NEVER happen. One word: AUDIT We'll settle for the (at least) 10% of personal/corporate transactions that want privacy at 700mn - 1bn market cap. You can take the 90% of the transparent ones... |
|
|
|
Comments on the video demo? This is like watching a video with coils that says "ok this is free energy guys" and the battery is hidden somewhere with a tape. "This is anonymity guys - the address isn't there!!!" Anonymity is not the part where your money is sent to the mixer. It's about the entire money flow not being pinpointed from sender to recipient. |
|
|
|
Great sport Amir  He is a technologist and not as biased. He is already rich and has probably been accumulating Darks. Perhaps he can team up with Evan... imagine the following: 1. Amir buys DRKs... 2. Amir proposes to team up with Evan. 3. Announcement of team up goes public 4. DRK booms. 5. Amir is now FILTHY rich |
|
|
|
Ok, I will ask what others are afraid to ask: what does that change do?  |
|
|
|
The principle is flawed, which is why I pointed it out. If Dark does not fix this, another coin will. Cap of 2 or 3 could provide some room for compromise.
In theory one can "fix this", but in practice nobody can. If one wants to run 10 virtual machines on the same dedicated server, they can. IPs will be .1 , .2, .3 ... .10, and credentials / operation probably imaged for every VM. It allows for more economic running through a performance-tradeoff bypass. |
|
|
|
|
What would that 1 line of code be?
|
|
|
|
some of you say that Litecoin wont succeed because it failed the ASIC proof claim !!!!... where and when the Devs or Coblee or any big investor pointed to litecoin as an ASIC "proof" ? they always said "resistant" which was important for the coin survival at the time....there is nothing ASIC proof, a CPU is an ASIC a GPU is an ASIC for you who doesn't know , it is not if we can make ASIC for this coin or that coin but when is it profitable to make a one, and when it is made it means that the coin is going mainstream.
no one gives a fuck about the hashing algorithm except miners, investors/adopters care only about the utility and opportunities, market cap,development, services....
I'd be more worried of Litecoin's inflation + lack of distinctive features than anything else. 28.8k LTCs per day X 10$ = 288k USD per day = 105mn USD per year for buying daily production. If price is 20$ then 210mn USD to buy production. I don't see that happening. What I see is that inflation will act corrosively to the investors and bagholders. Why keep something today that can be bought for lower money tomorrow? The ratio of inflation between BTC/LTC means that a BTC holder who goes into LTC has his money debased much faster. It can be a diversification asset but other than that there is nothing else really. If someone believes LTC can boom, ok, they can buy LTC... but can it boom? |
|
|
|
There have been plenty of sound cases put forward as all taxes forced by coercion being inherently evil. ... specialization led to abundance, then the parasite class and taxes formed to exploit that, and here we are today. Paying taxes isn't a patriotic duty, it's you voting towards supporting that particular ideology.
Only a valid point in the case of kleptocracies that don't provide basic services in exchange for the tax money. There are countries where they pay taxes just like we do in the first world (or even more heavily in proportion) but don't even get clean water or basic road maintenance for their money, and yes, in that case I could talk about a "parasite class" and the "exploitation" of people via taxes. For the rest of us? Naaah, I don't think so. Government adminstrative overhead isn't substantially worse than the sum total of corporate administrative overhead and stockholder profit taking. By and large, I think most of us get our money's worth. Describing Greece right now  We are paying more taxes than average Europe i think but education, health system, infrastructure, pensions etc are getting shitier by the day It's called "surplus" You pay the government 100bn in taxes and it gives back 99bn in services so it can have 1bn "surplus". They are marketing "surplus" as a good thing, when in reality it's making people poorer. For if they lose money to the government = their pockets get emptier by the day. |
|
|
|
According to Peter_R's Metcalf Law model, the bitcoin price is proportional to the square of the number of transactions. An increase of 3.2x in bitcoin transaction quantity supports a 10x increase in bitcoin price. Currently, transaction volume is about 60,000 daily. To support prices 1000x greater than today we need transaction growth 31.6x greater. That works out to 1.9 million transactions per day. Is that doable in three years?
You mean like 22 transactions per second, or 13200 transactions per block, with about 6.6Mb each? Not possible by this metric alone, so maybe on-chain Bitcoin will not reach 1M USD in the next 3 years? Also current price growth suggests a price of 3.67M USD in exactly 3 years, something has to change for this to be possible. Even if scaling like that was accomplished "easily", what would have to change is the rate with which fiat is issued: 3.67mn USD per BTC x 3600 per day = 13.2bn USD per day to buy daily supply = 4.82 trillion USD per year to buy annual supply. The monetary base of USD/EUR etc wouldn't be able to cope with that - even if conversion is taking place at just 25% of BTCs (>1trn USD per year required). The Bitcoin wiki has an article on scaling here that addresses 2000 transactions per second. That is doable. And I have a project to re-engineer the Bitcoin network that makes it even more doable, should I succeed. Currently, I suppose that the mining reward is mostly spent on new mining equipment and power. The equipment manufacturers may accept bitcoin payments. So a portion of the mining reward may stay in bitcoin and not be exchanged for fiat. In the summer of 2016 the block creation reward is scheduled to again halve to 12.6 bitcoins per mined block. My logistic model has a trend price of about $840,000 for July 1, 2017. So three years from now, 1800 daily block creation reward bitcoins would have a fiat value of $151 million. Even if converted entirely into fiat, I think that figure is achievable by worldwide investment. One could make that happen much faster, without transactions, if instead of waiting on the wisdom charts all day, he drove BTC demand up drying liquidity... how? With the plan I proposed earlier about minting physical gold/platinum/silver coins with BTCs in them for collectors and precious metal "stackers". This could drive the entire annual supply of BTCs out of circulation, every year - thus making (practical) inflation go to zero or negative, as new bitcoins are "stacked" as rounds / collectibles. The number of 1 oz gold rounds that are sold every year are like millions. Same for silver rounds... only the US mint makes 50mn american silver eagles. What if stackers and collectors had the option to buy gold+silver+btc in them? It would be a triple-hedge-coin against fiat consisting of PM, collectible/rare (due to bitcoins rarity) and self-hedged between bitcoin and gold/silver/platinum. Silver/Goldbugs generally dislike bitcoin but what they do really hate is FIAT - so in this they sometimes find Bitcoin to be an ally (and sometimes to be a government scam to divert from their favorite PMs). Some times they also understand numismatics and how mintage affects rarity and value and in this they can't really escape the proposition of gold bitcoins. People are currently paying premiums for ...Pandas (gold coins in china), why wouldn't they pay if there was a gold coin + 1 btc in it? |
|
|
|
I hold both XC and DRK (XC reduced by a massive %) after seeing the code copy in the DRK thread. I bought XCs at 0.00007 and sold at >0.004+. Nobody considered this as "false accussations" because, well... It's code available on github. It's either there, or it isn't. And it was there (=true story, not "accussations"). It's not someone making stuff out of their mind. Twitter is a different issue and it shouldn't be handled that way, in that we agree. My assessment so far is that the anonymity* proposed is flawed. I am neither a legendary coder or a cryptographer, I simply have been on the anonymity market for something like 3-4 months and I'm starting to understand it better. I believe the coder can contribute something to cryptoland in terms of new techniques of encrypted communication but not in the anonymity department. I simply don't see something superior to DarkSend right now or with the prospect of becoming such. A wallet/node getting money and then sending money by remote trigger/action? This is not good even as a proof of concept. * Defined as private for all intents and purposes, but not NSA-proof. NSA-proofing is a whole different game, perhaps 2015+ for some coin of the anon market. AlexGR... Evan needed help from AnonMint. (hope i spelled it correctly). Dan will probably get contributions from the community as well. I choose to wait and see. Rome and DRK for that matter wasn't built in a day. Indeed it wasn't. Evan is working on it for months and he had to scrap his work and go through alternative ways because some of the first implementations had drawbacks or design limitations / flaws. Is the current implementation perfect? Far from it, otherwise it wouldn't need anonymity upgrades in upcoming versions. As far as I know Anonymint contributed through constructive feedback but he prefers ring signatures. Dan will need as much help as he can get to make it work but the crowd's expectation is simply unrealistic in term of instant gratification / market explosion to ...0.05. If price goes over fundamentals, the pressure to deliver is immense and the price swings are excessive. A bumpy ride so to speak. |
|
|
|
I hold both XC and DRK (XC reduced by a massive % after seeing the code copy in the DRK thread). I bought XCs at 0.00007 and sold at >0.004+. Nobody considered this as "false accussations" because, well... It's code available on github. It's either there, or it isn't. And it was there (=true story, not "accussations"). It's not someone making stuff out of their mind. Twitter is a different issue and it shouldn't be handled that way, in that we agree. My assessment so far is that the anonymity* proposed is flawed. I am neither a legendary coder or a cryptographer, I simply have been on the anonymity market for something like 3-4 months and I'm starting to understand it better. I believe the coder can contribute something to cryptoland in terms of new techniques of encrypted communication but not in the anonymity department. I simply don't see something superior to DarkSend right now or with the prospect of becoming such. A wallet/node getting money and then sending money by remote trigger/action? This is not good even as a proof of concept. * Defined as private for all intents and purposes, but not NSA-proof. NSA-proofing is a whole different game, perhaps 2015+ for some coin of the anon market. |
|
|
|
So what are the odds that the devs add something new and exciting to this coin? They have the power and understand the code well enough to get some exciting features.
What would make more sense, for them at least, is to dump everything and make BCN v2.0, eradicating possible flaws of BCN v1.0 that would require redesign. In the process they could also do a fair launch or get money with an IPO or something. They have a proven record of delivering technology, so it wouldn't be hard. In this way they would also reclaim the market from BCN-1 clones, to the extent that BCN-1 clones can't retrofit changes of BCN-2. Cryptonote coins are like a landmine from an investment perspective. BCN = premine where you'll get dumped. MRO = clone but way fairer launch / can't maintain price due to inflation, other BCN-clones = not even the first clone. Only thing that makes sense to invest in with big money is BCN 2 if it ever happens. Otherwise I'm just hedging DRK with the others and hoping that the hedge money aren't completely evaporated by dumping to 2 satoshis (BCN) or inflation (MRO). |
|
|
|
Propulsion and AlexGR... YOU both missed the team viewer?
I did. What happened? |
|
|
|
|
Show Posts
