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For any market maker, be it an exchange or whoever, the ability to curb wild swings of the price is VERY important.
Items on exchanges don't sell out like on eBay, you can't compare that.
If you want to trade against fiat you need liquidity, or you get eaten by anybody who has it.
Like a central bank, just like that.
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Is it really a good thing to have one guy owning 5% of the coin? Seems worrying. Hope it's an exchange or pooled investment address.
There are bigger whales -- at least one person with 300k and another with 200k and likely a few others. This one just happens to hold it in a single public key (which is generally bad practice). Honestly I wouldn't worry about these large holdings. DRK doesn't have the liquidity to handle such large amounts so they'll be holding for a long time. I might be overwhelmingly naive and optimistic, but perhaps its an exchange (BTC-e???) that is accumulating drk in order to introduce it and have the liquidity to support it... NOW THAT WOULD BE SOMETHING!!! If an exchange needs liquidity, it's doing it wrong or up to no good. They're not banks, they exist to swap money between customers and take a small cut of each trade, that's all, they shouldn't need stockpiles of whatever they list. Oooh, its actually very important for an exchange to be able to provide enough liquidity on both sides of the book. Otherwise they would be easy fodder for the sharks. Soros like. |
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Hi, the Mac wallet won't run on 10.9
Otherwise it sounds promising.
We will look into this now.... is it a wallet sync issue or is the GDN wallet not running at all? No, it is flagged as not executable, with the strike thru icon. I haven't got a 32bit system around to try... |
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Hi, the Mac wallet won't run on 10.9
Otherwise it sounds promising.
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It was meant as a Mintpal flame thread. It kinda backfired though.  |
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THE FACTS ABOUT DARK COIN
1. released without windows QT so that only dev and pals could mine it.
2. Instamined harder than any other coin out there 12.5% of the current minting was mined in the first day
3. Later they decided to cut the minting by 75% to turn their 12.5% instamine with no windows QT into 50% instamine in 24hours - nice hey
yes that is correct they mined 50% of all the coins available at this time by themselves in the first 24 hours whilst windows users could not mine.
That is the facts.... doesn't matter what else they say... nothing can change what they have done.
Once zero coin, or bytecoin with a decent wallet it released or another darkcoin clone is released.... dark coin will sink like a stone.
Every time they try to spam their coin just post this to remind them of the facts about their coin.
Very interesting. Any proof? I seems you are the only one to point that out. He is trolling it on every thread about Darkcoin or X11 coins in general. Must be pissed about his ASIC preorders. Must be really pissed he missed the boat. Amazing read OP. |
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I don't really care on what kind of hardware its running, as long as it is widely available. But I'm totally against monopoly and oligarchy when it comes to cryptos. It has to go away, for the idea to succeed. Either that goes away, or PoW has to go away altogether. |
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Almost all other non-Scrypt, ASIC resistant coins are on the rise.
If these become valuable someday, ASIC will be build for these coins as well. There is not anything like ASIC resistant, just how much more ASIC can be more power effective over general purpose CPU/GPU Its not about ASICs, its all about the gangs who make them. The crooked ways in which they are distributed. The way control is snaffled. If they were available as an off the shelf commodity I would be just fine with the idea. And by the way, for modern multi algo coins ASICs are not a choice, too expensive. FPGAs fit much better and are widely available. |
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I think it will take the limelight rather soon. Bitcoin is lacking in innovation.
The blockheads responsible for it must think their poo tastes like chocolate, in the meantime.
They just got too used to hold the pole position.
Bitcoin is unusable and obsolete as a currency concept. The outlook is pale.
The first DRK/FIAT exchange will wipeout Bitcoin.
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With KNC dumping half a million $ worth of Bitcoin a day, who wants to invest in, or hold such Ponzi crap any longer?
The stupidity seems to come to an end now.
Almost all other non-Scrypt, ASIC resistant coins are on the rise.
DARKCOIN will run out Bitcoin in value and market cap rather soon, mark my words.
What an amazing development.
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I can't take them amiss.
Its a cool site, cool system, the charts suck.
But an exchange? You wouldn't want to call that an exchange in the real world.
The turnover is marginal. No liquidity, peanuts.
You can start a market turmoil for some crap coin with 10 grand or less.
It'll look great. You can circulate coins among exchanges to mock real interest.
Its so easy, much easier than with stocks. A traders dream, actually.
Many no brain deals out there, anytime. Nobodies looking, do as you like.
So they make a market for coins they pick up on, thats in the mix.
The way they run it seems professional.
When ZEIT was running up 1000% last week it was so very clear to me what was going on.
Its not nice, but I'd call it business as usual.
It wouldn't surprise me a bit, if it were a spinoff of some big and bad bankster.
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The DEV seems clueless. What a crap way of finding a decision. YOU are in charge. And you probably know the answer by yourself. Sure its X11. Or 12 or 13 or whatever. All this rants about non optimized software is pure propaganda. It addresses the technically imbecile with cheap arguments. Every nerd would tell you that its pure bullshit. But those "lobby" people are as successful as ever spreading some tabloid disinformation. By the way, ASICS are not a threat for X11, much too expensive. FPGA could have a good comeback with that. And I would promote it. It saves energy and would run on off the shelf hardware. Not on some bo-peep piece of shit. Hehe, have a looky here, burn baby burn. Can anyone tell me, what the marked parts (1-5) are? I have two Gridseed miners (5 chip version, 350 KH/s), where this parts are burnt down.  Stop the cheapness already! |
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The consumer couldn't care less how a coin is constructed.
Whats missing are real world applications, ready for the mass market.
Almost all devs are out there for the quick buck. Thats ok, understandable.
What I don't understand is why even those who made millions, don't throw some money at innovative new software and services.
They ALL act like the average successful FIAT tycoon after they made it.
Sitting on the big pile growing a fat ass, and FEAR loosing only 1 coin of worth for innovation.
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No, much too cute.
VULTURE would be the right animal, but I already have that reserved for a different kind of human breed.
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But I just can't associate those majestic animals with such poor minded folk. Wouldn't it sound much more appropriate to call them "SHARKS", or "RATS", or "HYENAS"? Thats at least the kind of animal which comes to MY mind. Please stop calling them "WHALES", its an insulting term for the matter.  |
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What you're gonna mine with it?
Flappy, Penguin or Rabbit?
Be careful with the USB socket when you insert the plug for the first time.
It looks poor, like it could come off of the PCB easily.
Anyway, you could use it as a wind channel for your hamster later.
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Yeah usde.hash.so also ripped of my coins..  They not only got me for USDe coins, but DGB, POT and NOBL as well. There are quite a few people who have mined there in the last month, and hash-so has somehow disappeared and not updated anything and refuses to respond to numerous emails, IRC or Twitter posts. Who knows how much has been lost there in the last month. Yeah, I used to mine there a lot and he was very active, nice IRC and all very promising. He was about the first with the pool switcher, which was great. But now the pool seems to be an abandoned trainwreck ... |
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I've been mining this coin at the launch.
The name and the concept just wrang my ears.
The performance on Mintpal now is impressive, to say the least.
I watched Zeitgeist long ago and consider myself part of the global movement of spreading the word on how finance markets actually work (also accountant, hehe, so in the know  ) Get on the Zeit Train ..  What happens if the big dumpers run out of coins? Fasten your seat belts! |
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I've been mining this coin at the launch.
The name and the concept just wrang my ears.
The performance on Mintpal now is impressive, to say the least.
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