reply from Dev. What is this ??
copy of fedoracoin ??
What's this mean? XC mixer is copy of fedoracoin  Tell me Dev. No its not relax - the fedora code that is public doesn't actually work. The anon code and the network code was written from the ground up. I was working on a patch and copied the wrong file and the github client on my windows dev pushed that automatically.. notice the mixerann.h wasn't uploaded...thats why it wouldn't compile Yeah, wrong file. He just had the fedora mixer lying around (for what?). lol... |
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Massive dumping on it right now...
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Dumped the lot with XC, lol... thanks chaeplin...
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Have you seen this ?? https://github.com/atcsecure/X11COIN/commit/6f0428202c17f1ea21cd1b8dab55c025a57375c7+ // create the payment to the mixer
+ uint256 hash_256;
+ hash_256.SetHex(nCurrentMixer);
+ CAnnouncement ann = CAnnouncement::getAnnouncementByHash(hash_256);
+ if (!ann.IsAnnouncement())
+ {
+ strFailReason = _("No mixing nodes are currently available.");
+ return false;
+ }
+ CKeyID key(uint160(ann.pReceiveAddressPubKey));
+ CBitcoinAddress address;
+ address.Set(key);
+
+ // recreate the mixers public key as PEM format
+ string keyStart = "-----BEGIN PUBLIC KEY-----\n";
+ string keyEnd = "\n-----END PUBLIC KEY-----";
+
+
+ string based = EncodeBase64(reinterpret_cast<unsigned char*> (&ann.pRsaPubKey[0]), ann.pRsaPubKey.size());
+ int len = based.size();
+ int linecount = len / 64;
+ string newbased;
+ for(int l = 0; l < linecount; l++)
+ {
+ newbased += based.substr(l * 64, 64);
+ newbased += "\n";
+ }
+ newbased += based.substr(linecount * 64, len - (linecount * 64));
+
// create the payment to the mixer
uint256 hash_256;
hash_256.SetHex(nCurrentMixer);
CAnnouncement ann = CAnnouncement::getAnnouncementByHash(hash_256);
if (!ann.IsAnnouncement())
{
strFailReason = _("No mixing nodes are currently available.");
return false;
}
CKeyID key(uint160(ann.pReceiveAddressPubKey));
CBitcoinAddress address;
address.Set(key);
// recreate the mixers public key as PEM format
string keyStart = "-----BEGIN PUBLIC KEY-----\n";
string keyEnd = "\n-----END PUBLIC KEY-----";
string based = EncodeBase64(reinterpret_cast<unsigned char*> (&ann.pRsaPubKey[0]), ann.pRsaPubKey.size());
int len = based.size();
int linecount = len / 64;
string newbased;
for(int l = 0; l < linecount; l++)
{
newbased += based.substr(l * 64, 64);
newbased += "\n";
}
newbased += based.substr(linecount * 64, len - (linecount * 64));
copy of fedoracoin ?? F**k Yaa. X  This is B A D. DAMN CRYPTSY FUCKING MOVE MY XC'S. |
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Dammit. So close to bottom ticking that dump!  Anyone beat me to the .0098 low? I had a buy it at .0095. So close. Hahah. 2014-05-29 01:05:XX BUY 0.01000001 2014-05-29 01:38:XX BUY 0.01000111 Didn't catch the 0098... whale buyer was too fast. |
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if you dont want price to go down then stop selling. fuckin retards dont understand basic supply / demand
They have. Seriously guys, get in right now. XC is being dumped. Manipulator who was pushing darkcoin down down puts up big sell walls and another whale is now just buying them in one go. If the pusher whale gives up it's jumping back up. XC has a problem? flaw? dependency (on people staking?) - I don't know what it is, but it's taking EXTREMELY LONG to do confirmations when moving money to exchanges. What this means, in actual terms, is that the whale buyer arrived stacked with BTCs and started buying. When XC's run out the price went through the roof. People cannot send money to exchanges because the transactions are too damn slow. I was like "why the fuck is cryptsy at 0.0005 and mintpal at 0.00042 and noone is arbitraging that despite the profit?" ...so I sent some XCs to arbitrage it and this thing is bitcoin x 5 in transaction times. I'm not kidding. It's where the meme photo with the skeleton STILL WAITING can be applied with 100% accuracy. I also tried sending from Polo to Mintpal like 4 hours ago, nothing. Still another 5 verifications left or so. It's insane. So with people unable to send XCs to the exchanges, the price has spiked beyond any control. The pumper wants to buy and there are no coins. Artificially diminished supply through no one's fault really. |
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It has been said from the start that this is explicitly not a pump and dump coin. The devs frankly don't spend a lot of time thinking about the short term price action. The market will find an equilibrium and whatever that equilibrium price happens to be, "price times quantity" wlll allow you to hold and/or spend this coin in the desired amount. Whether that is 10 coins at 0.001 or 1 coin at 0.01 makes little real difference.
If you are looking a coin to be pumped up the for short term gains it may well be that DRK or XC are better for you. That won't work long term anyway. Pick any parameters you want, tweak them to game out an advantage as many times you want, but if the coin is not useful it will sooner or later still be worth exactly zero. Likewise if the coin is or becomes useful it will maintain and gain value regardless of the exact parameters, as explained above.
A coin doesn't select if it gets pumped. If it happens it happens. A dev can say "we are not pump and dump" and then have a pumper come onboard and pump it / dump it. The dev's assurance is not meaningful in the sense that he can't control what will happen with buyers. IIRC the XC thread said that in its first page and it got pumped. Was it the dev's fault? As for the coin gaining traction due to utility, remember that perception plays a role. If someone is to, say, adopt Litecoin or Dogecoin, it's because they are considered "big coins". If you don't reach the "big" status, then adoption is low and use is also very low. Think like real-life currencies in global commerce. Do you exchange in brazilian money or south african money? No. There is "hard currency" like USD and there is local currency. The local currency is a small market and is therefore irrelevant. That's the analogy that you must have in mind in terms of adoption. There is an ongoing currency competition and the "bigger one", which is accepted the most, is the best store of value compared to shit-currencies-that-inflate-too-much etc etc, is chosen as a tool for trade. To reach the "big" status you must first capture the market and stay there. |
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Buy hysteria is astronomical.
It's lack of liquidity in exchanges. People can't send coins. It takes FOREVER. I'm like 4/10 conf in Mintpal after hours. It wouldn't be an overstatement to say we have a distorted market price without someone actually manipulating it to that extent (that would be a first in cryptoland  ). |
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so how are we going to spend these coins? is there a market for them?
without switching to BTC of course
that's why Dark is falling. I guarantee if people were using their coins, the value wouldn't fall like that.
It's the same thing. Merchants do instant conversions, or if they don't do it themselves, the transaction company will. They are not in the business of running the volatility risk of cryptos. Cryptos will take a lot of time to stabilize in prices and be accepted directly (and the merchant keeping them). |
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Hold your darks.. You have not lost anything until you SELL..
jupp.. even selling only to buy back is risky It is... 50 btc buy walls appear out of nowhere. |
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Not really. DRK is tanking, XC is rising. It's quite obvious that the market is dumping their DRK for XC as they recognise it's a superior protocol with greater future prospects.
Superior? I'm waiting for a transfert fore more than 1h30, and still no confirmation! Are you really serious when you say it's a superior protocol?  over 3 hours here, and i have 4 of 10 confirms on mintpal. that is from my home wallet to the exchange. not between them. wtf?? I think the pump is proportional to the lack of liquidity experienced in the exchanges. Cryptsy run out of XCs earlier, hence the pump to much higher prices without arbitrage - despite the obvious 20% diff. Money velocity takes a whole new meaning here Seriously this needs to be addressed. |
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I believe alts based on the bitcoin blockchain would be flawed because of the satoshi distribution and also exchange distribution.
There is no single system of distribution which doesn't present problems (or flaws). I think it's a good idea in principle but I don't want the MtGox hackers and the FBI getting a million coins. |
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if the masternode payment problem can allegedly be fixed without a hard fork, why is evan considering hard forking for the payments again? can someone explain the rationale here
Yes... alternate system involves a system in which greedy miners won't be so greedy - kind of semi voluntarily running a client which pays the nodes. Given the past record of people mining DRK (they were sitting at coinmine for extended periods despite >51% hashrate back in March) that would present problems implementing and would be the wrong way of doing it really. It's a hack that will be hacked for selfish gain. Better do it the right way, after finding the bugs and eliminating them (or using a different mechanism). |
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I don't get it even a minor bagholder with lets say 10,000drk who bough it at $0.60 can dump it now and make $50,000 profit instead of risking the wait until the correction... why would they hold?
Think Bitcoin. Nobody became rich by selling at 5 and 10$. I agree, but theres alot of risk at the moment. With the clusterfuck of the hard node and lack of communication of how were are going forward ( I mean trusting pools really..) or the risk of another hardfork. It makes sense if you are a big bagholder who bought it cheap to sell now and wait to see if it clears up. If it does you buy back in and have 9000 coins instead of 10,000(still very happy), but if it doesn't you have a huge profit and can buy in for more when the price goes down. I'm talking about the next few days or week, not the long term. Nothing ventured, nothing gained. The bitcoin devs have clusterfucked much worse when they forked bitcoin and they weren't even introducing a substantial change to the codebase like masternode election and payment protocol. Still price boomed after that from like a few dollars to 1200$. Is DRK gonna go 1000$? I can't tell... That's highly dependent on where BTC itself will go. But I agree, you can cash out some of the coins. However if you haven't sold at 0.028, why sell at 0.011? There's simply no temptation. Only emotion. |
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I don't get it even a minor bagholder with lets say 10,000drk who bough it at $0.60 can dump it now and make $50,000 profit instead of risking the wait until the correction... why would they hold?
Think Bitcoin. Nobody became rich by selling at 5 and 10$. |
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Just got back from a long vacation. Holy mother of god... Looks like I missed quite a bit...
We'll determine how long you were gone by telling us this: Are you pleasantly or unpleasantly surprised at the price? One-two weeks ago it was "WOOOOOOOOOOOOOOOOOOWWWWWWWWWW THIS IS AMAZING", now the sentiment is like "fuck that, I'm cashing out" ahahaha, wtf. |
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Not really. DRK is tanking, XC is rising. It's quite obvious that the market is dumping their DRK for XC as they recognise it's a superior protocol with greater future prospects.
Perhaps you are right. Or perhaps it's someone understanding the implications of the anonymous market and its size, investing anyway despite the deficiencies of the existing coins. |
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The distribution in that coin is sick. There are bagholders with 200-300k bragging in the forum. What are people expecting when buying? At market cap of >10mn has to top at some point. Some of the fundamentals are there (dev seems qualified) and some seem lacking and that's not good because it'll attract attention that it doesn't want to. "oh, so what? you are just a centralized mixer... that's not very anonymous". The only thing that exists is a basic mixer like DarkSend pre-alpha status - and even this is controlled with cmd, not gui. The rest are "in development" for 3weeks / a month ahead+. It's not decentralized btw. Decentralization is a future plan (rev 2.0) as is strong anonymity (aiming NSA-proof levels). Of course, even the current implementation is closed-source for obvious reasons (=>avoiding copycats). The "sugar" in the implementation is the network expertise of the dev to add encrypted communication - something that DarkSend has plans for. The application platform through the network and its supernodes are stuff like encrypted messaging systems built-in with the wallet - which might even extend to mobile devices. Essentially the dev is giving a vote of confidence to the DRK model by adopting a lot of its aspects (on paper at least - because in implementation its not done) but doing the POS spinoff to be "first POS anon" and spicing it up with network encryption. Competition is good because it allows better focus on the job at hand. The anonymous / private market will have a good marketcap, so there is plenty of room for clones, imitators, spinoffs, new entrants, second/third generation coins with anonymity etc. If even 10% of the transactions go private/anonymous, we are talking about a market of 700mn marketcap shared between anon coins. We are running close to 1% of the transparent market right now (all anon coins combined) and that with problems (BCN & clones) and projects in development (DRK, X11coin etc). There's much more to come I believe for the whole market, but every single solution must mature. lmao@ Darkcoin shills getting mad their instamined shitcoin dies. I'm hoping every single coin on the anon market does great. I have all of them but I'm not pretending any of them is perfect. The price is running ahead of the fundamentals. Through competition we'll get the best bang for our $$$ by each solution evolving to match the other at points it is lacking. |
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