1. It would be expensive
2. More importantly, it would look incredibly stupid in front of the whole world to default on Germany's gold. It would be like a statement in big letters: "Gold supplies of the US and the West are gone. Run and grab all the gold you can, our economy is done with!" System comes apart, game over.
No way they could afford that, and Germany doesn't want that to happen either.
(1) is not that expensive (printing money is cheap) As for (2) well, the Germans have leverage. They could blackmail the US to give their gold, or give them the money by saying "if you don't give us the gold OR the money equivalent as a discrete cash settlement that will bypass the "logistics problem" where you'll get off lightly to the press, we'll make it an international issue where we'll state, in rather direct terms, that you've robbed us and that your "logistic problems" are bullshit". This prospect is a huge threat for the US and thus would have to comply otherwise trust in their role (and UK's role) as a custodian will be destroyed - no one will trust anyone else, everyone will seek repatriation and shit will hit the fan from gold shortages, making paper gold manipulation schemes fail (which, along with the petrodollar conversion, is the cornerstone strategy for preserving the USD's perceived value) and price going through the roof. Can the US afford this for a meager 600 tons or 24bn USD cash equivalent (~40mn per ton x 600 tons) ? And not only do they have leverage but by deciding WHEN to do that type of blackmail, they can also go out and buy gold (physical or contracts) and benefit from their pre-knowledge of events, maximizing the gain from the squeeze that they themselves can cause. In general Germans (=the government) don't seem too interested in their gold. Those who are REALLY interested in gold are actively raising their gold reserves, repatriating etc. |
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If Germany really wanted to hold physical gold, what would stop them from buying tons of gold out from the open market, just like the asians and middle-easterns do? Are they somehow barred from doing that? No. With paper price being low, all they'd have to do is order and then ...stand for delivery. Not a thousand tons, but gradually building their position a few hundred tons at a time, instead of waiting for US delivery.
The whole story of German gold is like totally overseeing the fact that americans are not the only source where Germany can find physical gold. They can stockpile metal if they want and then say to the americans, ok since you are having problems with delivering the gold, we'll accept a cash settlement (at the elevated prices due to the physical squeezing it).
So if you owe me a car but refuse to give me it, I should just go out and buy another one? Get a clue: The US is holding Germany's gold. Germany is not buying it from them, they're asking for it back. If I owe you a car but refuse to give it to you and you can't make me give it to you, will you walk 30 miles to your job every day? You'll have to find a solution to the problem instead of passively waiting for americans to default on their gold obligations - as they've done 40+ years ago. |
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So what do you think? I would love to belive that the GOLD is really manipulated, and i would love the see its price to sky-rocket, but there are serious problems with this claims...
Whats your claim on this?
It's not a matter of belief. When you have physical shortages and the price is going down despite the extreme demand, there is a fundamental disconnect between demand and supply which the price should reflect. The law of supply and demand cannot really be broken - otherwise there would be no stock exchange, no trading market, no forex, no nothing. If we are experiencing reverse results it is only because a certain market is under manipulation. Whats true, whats possible, and whats maybe false...:
1) FED germany gold repatriation problems. This is 99,9999% true, two options: a) FED doesnt have to gold b) FED has the gold but doesnt want it give back and expect some BIG event in the near future, following which it will publicly tell that it will keep the gold of other nations. This problem is real. On the other hand FED can somehow handle this fraud, return it all to germany, the fraud even obvious to some, will never be really exposed and will continue for several years again...
German gold is a story that is blown out of proportion. No-one, and I mean no-one, is indicating the obvious: If Germany really wanted to hold physical gold, what would stop them from buying tons of gold out from the open market, just like the asians and middle-easterns do? Are they somehow barred from doing that? No. With paper price being low, all they'd have to do is order and then ...stand for delivery. Not a thousand tons, but gradually building their position a few hundred tons at a time, instead of waiting for US delivery. If the price goes up through this demand it's not something that should bother them because in this way their gold which is locked up by the US is also increasing in value. In this way they can cash-settle it with the Americans for high. Like buying low for what I can buy right now, physically, and then cash settling high for what the other didn't actually deliver to me. And if, by any chance, Americans deliver it, then all the better because the price will spike even more due to extreme physical shortages on their side. The whole story of German gold is like totally overseeing the fact that americans are not the only source where Germany can find physical gold. They can stockpile metal if they want and then say to the americans, ok since you are having problems with delivering the gold, we'll accept a cash settlement (at the elevated prices due to the physical squeezing it). Imagine this scenario: You have an ounce of gold registered in a certain custodian and you ask for delivery. He says he can deliver it to you in 5 years, or you can cash settle. Why would you wait 5 years instead of buying from somewhere else? |
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So what's the rationale for this block reward system? (11111 / (((Difficulty+51)/6) ^ 2))
As I understand it, the TOTAL distribution per unit time will come crashing down as network hashrate goes up. Not to mention each miner is getting a tinier slice. That's rather discouraging.
Apart from Darksend, I think this is the best feature of the coin. All other altcoins become diluted if they doesn't become a instant success like Dogecoin. So the early adopter edge becomes even more overwhelming? Nice way to kill a coin. An exchange medium is only worth something if others agree and also have a stake. We'll just end up a small group of hoarders waiting around for something to happen. Reminds me of QRK. QRK? There are like 81 out of 84m coins to be mined. At, say, 10.000 coins per day, in the next year a further 3.6m coins will be mined. |
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DRK COIN to brighten our LIFE. A DARKCOIN Charity Foundation for needy children.  DONATION ADDRESS (DRK): XifqN6SNh4JngM9MqYbS1e77tAmoerQSaE Is this approved by anyone?  |
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I've tried everything, but my 7950s won't cooperate. The 7850 in my desktop, which is the one I usually have issues with, is happily mining along.
Hmm.. can't understand what it may be about... what cmd line are you using right now? I've run without any arguments, I've used --thread-concurrency 8192 -g 2 -w 256 --lookup-gap 2, I've changed the g to 1, w to 128, TC from 1792 up to ~24000. I don't think there's much I haven't tried. The cards mine scrypt, kekkak, scrypt-jane, scrypt n, etc. etc. just fine. Not working with this whatsoever.  Ok a few far fetched tries: -try setting the shader count in case it is misdetecting them (?) with --shaders XXXX (numbers of shaders on your card) -try tc value of 1, then 2, then 4, 8, 16, 32 etc (I know it sounds funny but try it), -reduce intensity from 13 to something less. -try one gpu at a time -delete the .bin files |
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I've tried everything, but my 7950s won't cooperate. The 7850 in my desktop, which is the one I usually have issues with, is happily mining along.
Hmm.. can't understand what it may be about... what cmd line are you using right now? |
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The situation is pretty good for profitability... I see it like this:
1) If a miner wants to mine and dump => better find something else, we are minus one dumper and all the happier.
2) If a miner believes in DRK, then mine something more profitable, sell it and buy more DRK than could be mined. His buying is welcomed.
Win-win. The kimoto+diff algo is a terrific combo.
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That's peculiar behavior. Can you use display-debug mode to see the debug messages of the hardware errors? Maybe they can give us a clue.
Yeah, tell me about it. I don't know what the problem is. How do you enable debug mode? I'll try it once I get back home. From inside the program... you press D, and again D(ebug mode on). Then copy paste the HW errors... there's is possibly a log function as well but I've never used it. |
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Anyone can help with mining on 7950s?
My 7850 in my desktop can mine no problem using it's standard values used for scrypt mining, but the 7950s only return HW errors. I've been trying for two days. I've tried no parameters at all in the BAT file, multiple TCs and multiple values of every other variable imaginable. I've also tried underclocking, limiting it to just one GPU to see if I could get something working, upgrading drivers, downgrading drivers, etc. etc. Am I missing something? If someone can help, I'll tip you something. Probably in LTC since I don't have any DRK. Feel free to PM me if you'd like.
That's peculiar behavior. Can you use display-debug mode to see the debug messages of the hardware errors? Maybe they can give us a clue. |
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It's funny actually that we are where we are in terms of market interest with suboptimal logos / pages / wikis /q&a's etc, which do not really "pull" people in. So this means even greater potential as these are sorted out. Geekiness is prevalent here and that's a good thing really because it indicates that there is a higher priority in the actual job/specs than in aesthetic/cosmetic stuff. Everything will be improved over time, no need to make the atmosphere heavy. Interestingly it's all the scammers and clone shitcoins who have all the nice sites and resources from day 1. Ah well, since they didn't have to actually put some real work on the actual coin aside from tweaking the block time generation and issued coins, it's only natural to occupy themselves with just the marketing aspect |
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Other ideas?
I’m open to ideas on how to provide the best security to the network. I would love to hear what people have in mind.
You, the devs, will need assistance, ideas, and feedback to improve the operation and shoot down any possible problems. This has to come from crypto-experts and highly skilled programmers. In this thread we are mostly miners, investors, interested small-timers etc so I doubt we can help much aside from ironing out small bugs like "oh this icon should be there and the message of the QT client is irrelevant". Therefore my suggestion is go where necessary to find the best resources. These may be found in some other parts of bitcointalk, external crypto/security forums, contacts with distinguished programmers/hackers of the field etc. You have undertaken a giant task and you will need as much assistance as possible to make it work perfectly. |
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Linux script:
USERPASS1="user:pass"
USERPASS2="user.pass"
One of the two is wrong I guess.
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Thing is, with a global supply in the range of tens of billions (as it will be in the mid-term), there is a problem for the price. Generally, coins issued in the billions like crazy are not a good idea for preserving value. You don't even need "dumpers" to destroy the value. It will be destroyed by itself over the course of time. DOGE has managed to hype itself more and counterbalance this effect but in the long run a large supply is a very serious problem.
Absolute coin supply number doesn't matter because you can always normalise it and evaluate the market cap. If Kittehcoin had 100x less coins, then individual coin price would be 100x higher with everything else being equal. Same idea goes to block reward. It will always scale linearly with coin supply, what matters is block halving period which determines supply gradient. There is a psychological factor that distorts that, otherwise, perfect mathematical symmetry. For example if the coins were like 10.000x less, the value would not be 10.000 more because people would say "are you kidding me?" There had to be some fundamentals in place apart from the relative scarcity to justify the cost. Extreme cases like 42 have a collectible interest and thus represent an exception. Yeah, that's right. High supply coins also tend to have bigger market cap due to "lower price numbers" and more discrete trading steps (i.e. "easier" order books) where each satoshi represents significant % of the price. This is actually exploitable, in terms of market cap... I'm not sure if I should be writting this but anyway I will: if someone makes a coin that costs 1 satoshi (you can't trade lower than that) and say, issues quadrillions of them (with a rational like "every citizen of the planet must own at least 1mn, so 7 bn people X 1m coins = 7 quadrillion coins), then you have 7.000.000.000.000.000 x 0.00000001 = 70mn market cap, easy. And it can appear to rise every day if, say, it starts the issuing with 1/7 in the first days (10mn market cap) reaching 70mn as the quantity increases and reaches the predesignated point. You can trade with litecoin. Or in your example trade with doge. Indeed, but coinmarketcap will show ...70mn  |
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What's the cmd line usage of the p2p in terms of --o stratum+tcp:// .... ? |
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Thing is, with a global supply in the range of tens of billions (as it will be in the mid-term), there is a problem for the price. Generally, coins issued in the billions like crazy are not a good idea for preserving value. You don't even need "dumpers" to destroy the value. It will be destroyed by itself over the course of time. DOGE has managed to hype itself more and counterbalance this effect but in the long run a large supply is a very serious problem.
Absolute coin supply number doesn't matter because you can always normalise it and evaluate the market cap. If Kittehcoin had 100x less coins, then individual coin price would be 100x higher with everything else being equal. Same idea goes to block reward. It will always scale linearly with coin supply, what matters is block halving period which determines supply gradient. There is a psychological factor that distorts that, otherwise, perfect mathematical symmetry. For example if the coins were like 10.000x less, the value would not be 10.000 more because people would say "are you kidding me?" There had to be some fundamentals in place apart from the relative scarcity to justify the cost. Extreme cases like 42 have a collectible interest and thus represent an exception. Yeah, that's right. High supply coins also tend to have bigger market cap due to "lower price numbers" and more discrete trading steps (i.e. "easier" order books) where each satoshi represents significant % of the price. This is actually exploitable, in terms of market cap... I'm not sure if I should be writting this but anyway I will: if someone makes a coin that costs 1 satoshi (you can't trade lower than that) and say, issues quadrillions of them (with a rational like "every citizen of the planet must own at least 1mn, so 7 bn people X 1m coins = 7 quadrillion coins), then you have 7.000.000.000.000.000 x 0.00000001 = 70mn market cap, easy. And it can appear to rise every day if, say, it starts the issuing with 1/7 in the first days (10mn market cap) reaching 70mn as the quantity increases and reaches the predesignated point. |
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18 DarkCoin $ 3,742,008 $ 1.10 3,409,091 DRK $ 82,075 -100.00 %  Sabotage in coinmarketcap Yeah what is with that? How does a coin go from +15% to -100% in an hour without the price changing? Bug? Hack? Who knows. |
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18 DarkCoin $ 3,742,008 $ 1.10 3,409,091 DRK $ 82,075 -100.00 % Sabotage in coinmarketcap |
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Also, isn't heat (from a physics perspective) considered a by product, or mark of inefficiency? An incandescent lightbuld uses part of the energy input to make heat, which is inefficient. An LED light makes much less heat, and is much more efficient (as a measure of energy input vs light output).
Efficiency is not counted that way (excess heat vs work done) in semiconductor chips... These have high resistance and thus practically all energy passing through them is converted to heat. If a chip consumes 10w of energy, then it also produces ~10w of heat. |
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