It hasn't been "used" / transferred elsewhere.

Fiat, despite its widespread use and therefore larger degree of convenience, is the most bullshit type of "money" in terms of fundamentals.

Digital currency is certainly the future, however there are two forks down the road:

The elite wanted to create a digital currency for global use, with significantly different specifications:

a) Centralized
b) Inflated at will
c) Ability to monitor everything (what you do etc)
d) Ability to control everything (make individuals who do not conform to the power structure suffer by blocking their "wallets", therefore disrupting their ability to live an ordinary life)
e) Issued as debt - which means that it would directly, or indirectly, accrue profit for the issuer.
f) Ability to tax and implement fees for every transaction, so that in the long run, people would lose their shirts.

...Bitcoin disrupted their plans because it offered a way out to this nightmare-scenario. This means that attacks towards bitcoin are to be expected as natural. The elite will try to manipulate every single parameter to achieve their agenda, making adopters uncomfortable with the waves that they have to ride. People can either give up, admit defeat and bend over, or they can resist through the cryptocurrency evolution - whether it is through BTC or some other coins in the decades ahead.

The guy was awesome... you can buy cars, houses, oh and you can also pay pornstars... the presenter almost LOL'ed... 

Nothing wrong with the code. Both client and miners built ok, as demonstrated.

As for the miner:

linux:~/K3/darkcoin-cpuminer-1.2c-master # chmod +x autogen.sh
linux:~/K3/darkcoin-cpuminer-1.2c-master # ./autogen.sh
configure.ac:15: installing './compile'
configure.ac:4: installing './config.guess'
configure.ac:4: installing './config.sub'
configure.ac:6: installing './install-sh'
configure.ac:6: installing './missing'
Makefile.am:14: warning: 'INCLUDES' is the old name for 'AM_CPPFLAGS' (or '*_CPPFLAGS')
Makefile.am: installing './depcomp'
...
linux:~/K3/darkcoin-cpuminer-1.2c-master # ./configure
configure: loading site script /usr/share/site/x86_64-unknown-linux-gnu
checking build system type... x86_64-suse-linux-gnu
checking host system type... x86_64-suse-linux-gnu
checking target system type... x86_64-suse-linux-gnu
....
linux:~/K3/darkcoin-cpuminer-1.2c-master # make
make  all-recursive
make[1]: Entering directory `/root/K3/darkcoin-cpuminer-1.2c-master'
Making all in compat
make[2]: Entering directory `/root/K3/darkcoin-cpuminer-1.2c-master/compat'
Making all in jansson
make[3]: Entering directory `/root/K3/darkcoin-cpuminer-1.2c-master/compat/jansson'
gcc -std=gnu99 -DHAVE_CONFIG_H -I. -I../..     -g -O2 -MT dump.o -MD -MP -MF .deps/dump.Tpo -c -o dump.o dump.c
mv -f .deps/dump.Tpo .deps/dump.Po
.....
(a bit later)
...
linux:~/K3/darkcoin-cpuminer-1.2c-master # ls -al
total 4868
drwxr-xr-x 9 root root    4096 Feb 28 07:45 .
drwxr-xr-x 3 root root    4096 Feb 28 07:44 ..
drwxr-xr-x 2 root root    4096 Feb 28 07:45 .deps
-rw-r--r-- 1 root root      84 Feb  6 02:11 AUTHORS
-rw-r--r-- 1 root root   18332 Feb  6 02:11 COPYING
-rw-r--r-- 1 root root      52 Feb  6 02:11 ChangeLog
-rw-r--r-- 1 root root   15943 Feb  6 02:11 INSTALL
-rw-r--r-- 1 root root     104 Feb  6 02:11 LICENSE
-rw-r--r-- 1 root root   58584 Feb 28 07:45 Makefile
-rw-r--r-- 1 root root     740 Feb  6 02:11 Makefile.am
-rw-r--r-- 1 root root   65738 Feb 28 07:44 Makefile.in
-rw-r--r-- 1 root root    8825 Feb  6 02:11 NEWS
-rw-r--r-- 1 root root    2851 Feb  6 02:11 README
-rw-r--r-- 1 root root   41454 Feb 28 07:44 aclocal.m4
-rwxr-xr-x 1 root root     192 Feb  6 02:11 autogen.sh
drwxr-xr-x 2 root root    4096 Feb 28 07:44 autom4te.cache
drwxr-xr-x 3 root root    4096 Feb 28 07:45 compat
-rw-r--r-- 1 root root     353 Feb  6 02:11 compat.h
-rwxr-xr-x 1 root root    7333 Feb 28 07:44 compile
-rwxr-xr-x 1 root root   45640 Feb 28 07:44 config.guess
-rw-r--r-- 1 root root   41206 Feb 28 07:45 config.log
-rwxr-xr-x 1 root root   35273 Feb 28 07:45 config.status
-rwxr-xr-x 1 root root   35521 Feb 28 07:44 config.sub
-rwxr-xr-x 1 root root  216817 Feb 28 07:44 configure
-rw-r--r-- 1 root root    3237 Feb  6 02:11 configure.ac
-rw-r--r-- 1 root root   35442 Feb  6 02:11 cpu-miner.c
-rw-r--r-- 1 root root    5444 Feb 28 07:45 cpuminer-config.h
-rw-r--r-- 1 root root    5101 Feb 28 07:44 cpuminer-config.h.in
-rwxr-xr-x 1 root root   23566 Feb 28 07:44 depcomp
-rw-r--r-- 1 root root    7060 Feb  6 02:11 elist.h
-rw-r--r-- 1 root root     257 Feb  6 02:11 example-cfg.json
-rwxr-xr-x 1 root root   13997 Feb 28 07:44 install-sh
drwxr-xr-x 2 root root    4096 Feb  6 02:11 m4
-rw-r--r-- 1 root root    6752 Feb  6 02:11 miner.h
-rwxr-xr-x 1 root root 1711624 Feb 28 07:45 minerd
-rw-r--r-- 1 root root    2848 Feb 28 07:45 minerd-aes_helper.o
-rw-r--r-- 1 root root  159168 Feb 28 07:45 minerd-cpu-miner.o
-rw-r--r-- 1 root root   18280 Feb 28 07:45 minerd-cubehash_sse2.o
-rw-r--r-- 1 root root  553352 Feb 28 07:45 minerd-echo.o
-rw-r--r-- 1 root root  154576 Feb 28 07:45 minerd-luffa_for_sse2.o
-rw-r--r-- 1 root root   17384 Feb 28 07:45 minerd-nist.o
-rw-r--r-- 1 root root     657 Feb 28 07:45 minerd-scrypt-arm.o
-rw-r--r-- 1 root root   73544 Feb 28 07:45 minerd-scrypt-x64.o
-rw-r--r-- 1 root root     761 Feb 28 07:45 minerd-scrypt-x86.o
-rw-r--r-- 1 root root   87024 Feb 28 07:45 minerd-scrypt.o
-rw-r--r-- 1 root root     657 Feb 28 07:45 minerd-sha2-arm.o
-rw-r--r-- 1 root root  135168 Feb 28 07:45 minerd-sha2-x64.o
-rw-r--r-- 1 root root     761 Feb 28 07:45 minerd-sha2-x86.o
-rw-r--r-- 1 root root  120464 Feb 28 07:45 minerd-sha2.o
-rw-r--r-- 1 root root  481480 Feb 28 07:45 minerd-shavite.o
-rw-r--r-- 1 root root  135952 Feb 28 07:45 minerd-util.o
-rw-r--r-- 1 root root  137168 Feb 28 07:45 minerd-vector.o
-rw-r--r-- 1 root root  275352 Feb 28 07:45 minerd-xcoin.o
-rwxr-xr-x 1 root root    6873 Feb 28 07:44 missing
-rw-r--r-- 1 root root    1049 Feb  6 02:11 nomacro.pl
-rw-r--r-- 1 root root      32 Feb 28 07:45 stamp-h1
-rw-r--r-- 1 root root    1073 Feb  6 02:11 typedefs.h
-rw-r--r-- 1 root root   30425 Feb  6 02:11 util.c
drwxr-xr-x 2 root root    4096 Feb  6 02:11 x2
drwxr-xr-x 3 root root    4096 Feb  6 02:11 x5
drwxr-xr-x 2 root root    4096 Feb  6 02:11 x6
-rw-r--r-- 1 root root    7489 Feb  6 02:11 xcoin.c

Ok now?

It's simple: RTFM.

linux:~/dk # qmake
Project MESSAGE: Building with UPNP support
Removed plural forms as the target language has less forms.
If this sounds wrong, possibly the target language is not set or recognized.
Removed plural forms as the target language has less forms.
If this sounds wrong, possibly the target language is not set or recognized.
Removed plural forms as the target language has less forms.
If this sounds wrong, possibly the target language is not set or recognized.
Removed plural forms as the target language has less forms.
If this sounds wrong, possibly the target language is not set or recognized.
linux:~/dk # make
cd /root/dk/src/leveldb && CC=gcc CXX=g++ make OPT="-pipe -fstack-protector-all -D_FORTIFY_SOURCE=2 -O2" libleveldb.a libmemenv.a
make[1]: Entering directory `/root/dk/src/leveldb'
g++ -I. -I./include -fno-builtin-memcmp -pthread -DOS_LINUX -DLEVELDB_PLATFORM_POSIX -pipe -fstack-protector-all -D_FORTIFY_SOURCE=2 -O2 -c db/builder.cc -o db/builder.o
g++ -I. -I./include -fno-builtin-memcmp -pthread -DOS_LINUX -DLEVELDB_PLATFORM_POSIX -pipe -fstack-protector-all -D_FORTIFY_SOURCE=2 -O2 -c db/c.cc -o db/c.o
g++ -I. -I./include -fno-builtin-memcmp -pthread -DOS_LINUX -DLEVELDB_PLATFORM_POSIX -pipe -fstack-protector-all -D_FORTIFY_SOURCE=2 -O2 -c db/db_impl.cc -o db/db_impl.o
......
(after a while)
......

linux:~/dk # ls -al
total 21372
drwxr-xr-x  7 root root     4096 Feb 28 07:40 .
drwx------ 60 root root     4096 Feb 28 07:05 ..
-rw-r--r--  1 root root       29 Feb 28 06:00 .gitattributes
-rw-r--r--  1 root root      345 Feb 28 06:00 .gitignore
-rw-r--r--  1 root root     1111 Feb 28 06:00 COPYING
-rw-r--r--  1 root root      325 Feb 28 06:00 INSTALL
-rw-r--r--  1 root root    95821 Feb 28 07:27 Makefile
-rw-r--r--  1 root root     2798 Feb 28 06:00 README.md
-rw-r--r--  1 root root    14855 Feb 28 06:00 bitcoin-qt.pro
drwxr-xr-x  2 root root    12288 Feb 28 07:39 build
drwxr-xr-x 14 root root     4096 Feb 28 06:00 contrib
-rwxr-xr-x  1 root root  8123176 Feb 28 07:40 darkcoin-qt
drwxr-xr-x  2 root root     4096 Feb 28 06:00 doc
-rw-r--r--  1 root root 13574777 Feb 28 07:39 qrc_bitcoin.cpp
drwxr-xr-x  5 root root     4096 Feb 28 06:00 share
drwxr-xr-x  8 root root     4096 Feb 28 06:00 src

The miners are a different story than the client.

There is the first version, there is the enhanced 1.2c version and there is the AES+AVX 1.3 version. All of them can be built as long as you have the right 64 bit hardware, and in the case of 1.3 you'll need AES instructions on the CPU.

There's also a GPU miner.

there is a doc file in the package, /doc/readme-qt.rst

where it says to do

qmake
make

(if you have the proper development packages in your distro, otherwise follow the prior steps).

The avatar can take some improvement because the Greek syntax is screwed. It should be

ΔΕΝ ΥΠΟΚΛΙΝΟΜΑΣΤΕ ΣΕ ΚΑΝΕΝΑΝ.
(Δεν υποκλινόμαστε σε κανέναν*)

or

ΕΜΕΙΣ ΔΕΝ ΥΠΟΚΛΙΝΟΜΑΣΤΕ ΣΕ ΚΑΝΕΝΑΝ
(Εμείς δεν υποκλινόμαστε σε κανέναν*)

...and that's in modern greek (as it is right now). For ancient it's another story altogether, even with different fonts because they wrote the letters kind of differently.


* if you want to add άνθρωπο (human) in the end, you can but it's kind of self-evident, unless you want to make a distinction between humans and gods.

Any error messages in particular?

If we divide the M3 of USD and the global population it's like 1500 USD per person.
If we divide the 180.000 tons of gold with the global population it's like 25 grams per person.
If we divide the 12m BTCs with the global population it's like ...0.0017 BTC per person.

In terms of scarcity: If we divide the 25 trn+ USD (of USD+EUR M3) with the 12mn BTC it's like 2.1mn USD for every BTC.
In terms of scarcity: If we divide 180.000 tons of gold with 12mn BTCs, every BTC corresponds to 15 KG (or 482 ounces) of gold.

I'm not really implying a rise because the market is manipulated, so... but it is manipulated in ways that are larger than simple price fixing. Cheap silver could currently be used in a multitude of electronic devices to increase their efficiency by 6-10% depending the copper they currently use. It could be used in transformers, rotors, wiring etc. In microelectronics where the PCBs are very small, the cost would be negligible as a cost per unit and it would also relieve the need for gold plating the contacts. An electric motor though for a car would be a different story as the wiring would need a few thousand $$$ extra (a few kgs), but, in light of the total cost, and the increased efficiency, it could be worth it - after all it is not money that is wasted, the silver is still there for removal at any time. Thing is, they won't let the industry use silver in such a way because then the price would skyrocket due to massive demand.

As for the ratio, the recent spike is related to the removal of silver coinage and the elite focusing more on the hoarding of gold, rather than silver. Gold is more hoarded and, as such, rarer to find in the marketplace in adequate quantities. Silver, on the other hand, is not stockpiled in vaults to the same degree as gold. It's really more hoarding in gold vs less hoarding in silver that has led to the current ratio.


The mechanics are simple: Daily expenses, a lot of taxation* and banks demanding the loans back depletes the circulating currency. This is worsened by a negative trade balance (more currency leaving the country than what is entering the economy), a near halt of credit expansion by the banks (they don't give new loans) and government attempting to achieve a surplus, which in other words means that it plunders the citizens more money than it gives back through services, wages etc.

In short, you have more money taken from the people than being given to them which is a recipe for euro-scarcity. 30% unemployment also means that not many people are making money right now, so how are they supposed to have any money? There are no unemployment benefits worthy of mention and even if one qualifies, it's like 300-400 euro for a few months and it's over.

* Taxation has reached unimaginable lengths of unfairness where people are being taxed for simply being alive. Every citizen is assumed to be creating an income of 3000 euros just because they happen to be alive. The rationale is "if you are living, then you are somehow eating, drinking, etc - so there is no way you are not having an income, and based on this ASSUMPTION, I will tax you". On top of that imaginary income, further imaginary income is added if one has a car or a house. So if you have, say, a 1000cc car and a 50 square meter apartment, you may be taxed as having an income of 8000 euros, which could tally up to something like 2000 euros for direct tax, property tax, car tax etc. That applies even if one is making ZERO income. The rationale is "how do you eat, live, have a car, a house etc without having 8000 income? Therefore you have that type of income, and so I will tax you". I know people abroad hear about tax evading greeks etc, but they never hear about the insanity of the tax system where even homeless people have to pay taxes. Greece is the most over-taxed nation right now on the planet. You could be working all day and paying >100% of your income in taxes if you are self-employed. Nobody can beat that level of taxation.



The economics of silver mining, due to the price of silver, disallow silver mining operations except in very rare cases of quite rich deposits. Thus a process of "merged mining" is employed where a mine extracts multiple metals to increase its viability. Usually copper, lead and other metals are the primary metal of extraction and silver, or even small quantities of gold, can be secondary metals that simply add further value to the mining operation.

Yeah, I mean the person who bought them at 8 satoshis must feel gutted right now for how "worthless" they are at 0.001

It's not an inherent feature of the coin, just a side effect of being more problematic to accelerate through opencl. But that could change with coding effort... I already got a bump of +50% when the latest GPU miner got out, so who is to say that it won't go further still in the future, increasing the processing efficiency and power consumption/heat output?

Regarding the low prices on c-cex, even if they were sold at 1 satoshi who would put their BTC there and have a buy option open, after what happened? It's not a balanced market by any measure. Many people are on negative balances and have to buy their way back to zero by liquidating everything = more dumping.

Multipools usually mine with scrypt. The unique algo combination of DRK makes it multipool-resistant^2.

Nice catch.

For a BBC article, too many logic fallacies compressed there.

So he ends up saying it's convenience and ...color, dismissing copper for turning green. He also faces a logic problem when he says that platinum is so rare but gold isn't, so we use gold... now, if platinum is so rare, why isn't it like 10x more VALUEable? Why are Platinum Eagles not worth 10 times as much as Gold Eagles if platinum is extracted at a rate of 150tns/year rather than 2500tns? (worse than 1:10). He says it himself: Gold is not incredibly rare, so?

Copper can also be alloyed and give nice, beautiful gold color (eg the type you see in 10-20-50 eurocents denomination), reducing the problem of copper tarnishing.

Iron, btw, is used extensively as currency, both historically, and today. Take a magnet and use it in 1-2-5c eurocoins or even 1 euro / 2 euro coins - the core is magnetically attracted. Eurocents in particular are iron covered with a copper plating so that they look copper. They can't afford copper because the actual cost of the metal is greater than the value of the coin (an indication of why fiat money is a very bad idea with the value of metal exceeding the denomination of a coin).

The argument about "oh they all look the same" about colorless metals is UTTER BS. Otherwise there would be no silver coins because, well, it could be lead or molybdenum - I mean we don't really know if it's silver, do we? It's all "silvery-like"... so, silver is out too with his logic. Yet silver was the #1 metal for currency up to the '60s - with tens of billions of coins in worldwide circulation.

Of course he mentions none of the problems of gold as currency, like the fact that it is not durable and has to be alloyed with copper to endure even small levels of abuse (gold=soft). Paradoxically this makes it lose its original yellow color and takes a more redish/orange color that is further from the original gold color than the brass/bronze yellow coins. Alloying is usually 90-92% purity (90% was in the 1800's for European countries, 91.7% was the spec for UK coins). Additionally, gold coins had a weight issue as weight was gradually removed from the coin, either due to circulation, or due to intentional wear (putting 100 coins in a small bag, moving them around so that one can collect the gold dust) which made them unsuitable for circulation within a few years. I mean iron rust and copper tarnishing is nothing for long-term durability compared to having to remint every single gold coin for being underweight.

Yet the broader question is not whether gold is good for coins, but why do we value it...

If someone says "its properties", or "scarcity", then we must also apply the same reasoning and examine the case of silver. Silver has 5:1 above ground quantities relative to gold and is extracted at a rate of 9:1 in quantity relative to gold. It has spectacular properties in many regards, being the best metallic conductor (electrical/thermal) and is also the most reflective. The price ratio of 60:1 between gold and silver cannot really be justified. Even if we go with the crowd's wisdom and tradition, everything that applies about the historic value of gold, also applies for the value of silver. Yet silver was rated from ~10:1 to 17/19:1 in coinage (1800s/1900s), not 50 to 80:1 which is the current range for the last few years.

So, for all intents and purposes, silver is currently the best value for money. It's a precious metal, it is useful, it has industrial demand, etc etc. Additionally the supply curve indicates that, in the long run, there'll have to be a convergence between the 60:1 and the actual supply (9:1) for if demand is balanced then silver stocks will be depleted very rapidly (as they do, gradually)... So why not silver?

Again, without understanding the real reason why gold and silver have "intrinsic value", there is no way for people to understand what the fair price is.


I was not aware of Shire Silver so I looked it up. Well, as I see it, and if the pricing scheme you mention is accurate, then I can't see it working. I mean gold is around 30 euro per gram, why pay 60 euro for 20 x 1/20 cards? It would make sense to have a ~10-15% premium (some bullion coins, especially of the 1/10th OZ variety, may have similar premiums), but not 100% on the price of the metal. That would be attacked by the fiat people as a scam.

100% premium aside, it might be able to work if people could do on-the-fly maths about the value of things. For example when I drink a 3 EUR coffee, my mind instantly translates this to 0.1 grams of gold. But I'm like a super-minority - nobody does that stuff, especially in countries with hard currency like mine which is inside the euro. The best bet would be countries with soft currencies and marketing such cards with low premiums of, at most, 10%. I have no idea if that covers the expenses of manufacturing, marketing etc but it just doesn't make sense for much more than that.

The old guard (bankers) want a centralized electronic world currency, something like Bitcoin, but that they can control / insert fees. They, along with the governments, want to control the people by controlling their wallets. Did you do something that we didn't like? Too bad, your wallet is frozen so you will not be able to perform transactions.

Bitcoin has pre-empted them.

If the coins are few: "That's unfair". If the coins are more "the price is bust"
If the dev has coins: "He's stockpiled". If the dev sells, then he'll be a "dumper"
If the coin goes up: "We should wait for a correction". If the coins goes down "It's done"
If the coin is open sourced: "It's done for because it'll be cloned". If it's not open sourced, again it is done "because nobody will trust it".
If the coin is mined by cpu: "It's unfairness waiting to happen with GPU implementation in private". If the coin is mined by GPU "the coin is done because the GPU guys came onboard".
If the diff goes down "it's bad". If the diff goes up "it's bad". It's always bad, lol.

That's just few examples that anyone can say anything based on the exact same thing.

Until the FBI raids it and takes everything