Interesting except that this next x5 cycle we are possibly currently in now will likely occur over the next week right into the start of masternode payments, which, if successful, could easily cause a 10x-20x rise in prices before the next 40% drop. I don't think I want to be the schmuck who settled for a lousy 5x gain at the start of something that could be paradigm shifting. JL These are unreal expectations IMO. If I2P and ring signatures were already in, then maybe. Master nodes alone cannot get us there. If we do more than 2x the ATH market cap I will be very surprised. Yup, people should stop guessing and try to do something useful. Truth is, nobody can know what will happen with the price of DRK. I understand. We are all emotionally invested. We all want the success of the coin. But pages and pages of guesses mean nothing. Enjoy the ride and stop mental buying a yatch with the profits!! then its like dices  there are ways of pricepredictions concerning innovative factors for shure.  Not like dices, but almost. DRK is quite small yet and any big player can move the market. There is no way to predict that. You can believe in the coin or not, but predicting prices several months ahead with accuracy is just not possible. Wishful thinking at best. If those who claim to know really knew, do you think they would be sharing their knowledge with us instead of getting rich themselves? |
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Interesting except that this next x5 cycle we are possibly currently in now will likely occur over the next week right into the start of masternode payments, which, if successful, could easily cause a 10x-20x rise in prices before the next 40% drop. I don't think I want to be the schmuck who settled for a lousy 5x gain at the start of something that could be paradigm shifting. JL These are unreal expectations IMO. If I2P and ring signatures were already in, then maybe. Master nodes alone cannot get us there. If we do more than 2x the ATH market cap I will be very surprised. Yup, people should stop guessing and try to do something useful. Truth is, nobody can know what will happen with the price of DRK. I understand. We are all emotionally invested. We all want the success of the coin. But pages and pages of guesses mean nothing. Enjoy the ride and stop mental buying a yatch with the profits!! |
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I dont see a reason why the whales should stay with darkcoin.
At first the abilitys of the coin aren't important.
Most people are just looking for a good return and just wanna go in for a short time.
So the whales could pick any other coin and pumpt it... enough people will follow.
Just my 2 satoshis
Disagree. If you were right Bitcoin would have dropped down to $1 by now. Utility matters and people hold coins that have a future. Also, the whales thing is a myth. If 100btc worth of darkcoin appear on the exchanges it's not necessarily a whale - it's likely early DRK adopters day trading. I have more than 100btc worth of darkcoin. Am I a whale? No, just one of the few people that instamined them  Ha! Wrong! I have never mined. I don't know how. I bought in during Feb. You lose then, the dev launched a broken coin with huge block rewards and then reduced the supply to become rich overnight, how convenient, but at the expense of fools buying now lol Again...same could be said about Bitcoin. Early miners got the most. But there has been distribution since. I am one who benefited from buying from the early miners.. Did you even read what i said? the dev REDUCED the total supply after instamining 500 block rewards. Did satoshi show such greed? he just mined his share, he didnt cut the supply after mining a million Did Satoshi put his real name out there? Everyone knows Evan's name and what city he lives in. That shows balls. He reduced the total supply after consulting the community. He wasn't the only one mining in the beginning, unlike Satoshi. Geez, it's like trying to explain things to my cat. Stop expecting the cat to bark. That discussion has been held many times here, everyone has one opinion and you are not gonna convince him. It is good to refute his arguments for the new people to know (this thread is too long now to expect that anyone will review it), but don't get too tired  |
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Very nice article. It represents us more how we would like to be seen. Excellent! Yes, but I think they mix darks and confuse darkwallet with darksend near the end. |
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Me neither. I assume the 100DRK limit will also be lifted at some point - perhaps mention should be made of that? Perhaps here: "Following the completion of RC3, experts will be engaged to inspect the DarkSend code and, once confirmed, DarkSend will become open source and the 1000 DRK limit will be removed." - or words to that effect, assuming my assumption is correct. the 1000 limit will probably not be removed ever Dev has been quite explicit about not removing the limit. The idea of the 1000 DRK is that it has to be expensive to have a masternode. They are important for the network and everybody running one should take it very seriously. I was talking about the limit on transaction size, nothing to do with masternodes. Only being able to darksend 1000 DRK at a time... why? Seems like a pointless restriction that will turn off a lot of potential users. In fact it would make DRK basically useless for exactly the kind of investors and users we need most. I'm sorry, I missread it As for the limit, you can always make a lot of 1000 transactions. It is not optimal, but it is not that bad. Are you kidding? Big money is going to see that and laugh at us. Unless there is some insurmountable technical reason, it should go, ASAP. Big money won't touch us until we are much much bigger than we are now. I believe we'll be, but we have the market cap of an SMB. I agree that the limit should go eventually, but I think that widespread adoption is more urgent now. |
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Kids are slowly getting where I can leave them to themselves.
We're not mum, we're really, really not. Hush child! Now go get a job! LOL I was reading the other day that baby boomers were moving back in with their parents, not to take care of them, but because their savings have run out and they've been out of work! I thought it was a typo, the youngest baby boomers are 50 years old! But no! It is the baby boomers they were talking about! I can see we'll be a "close knit" family here for a while!  . Empty nest syndrome may be put off indefinitely at my house, ROFL Just change the lock when they are out. You can leave a paper wallet with a few DRK next to the door if that makes you feel better  |
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after a few hours, got all my btcs worth of darks back. A 1700 dark loss but hey fuck it!
Big clap for having the courage to admit the mistake and take the loss. |
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Me neither. I assume the 100DRK limit will also be lifted at some point - perhaps mention should be made of that? Perhaps here: "Following the completion of RC3, experts will be engaged to inspect the DarkSend code and, once confirmed, DarkSend will become open source and the 1000 DRK limit will be removed." - or words to that effect, assuming my assumption is correct. the 1000 limit will probably not be removed ever Dev has been quite explicit about not removing the limit. The idea of the 1000 DRK is that it has to be expensive to have a masternode. They are important for the network and everybody running one should take it very seriously. I was talking about the limit on transaction size, nothing to do with masternodes. Only being able to darksend 1000 DRK at a time... why? Seems like a pointless restriction that will turn off a lot of potential users. In fact it would make DRK basically useless for exactly the kind of investors and users we need most. I'm sorry, I missread it As for the limit, you can always make a lot of 1000 transactions. It is not optimal, but it is not that bad. |
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Hi DRK comunity!
Just wondering what is your point of view.
What do you think: how many masternodes will be there till 25 may 2014?
Results are visible after voting.
DRK era is coming.
Greetings
This is very critical to guess.... but as I understand, DarkCoin has taken up some good features that were supposed to be part of Bitcoin. I heard SilkRoad 2.0 may start accepting DarkCoin for better anonymity and then scenario will drastically change... I'm not gonna say it won't be good if they accept DRK, but I think that people overestimate the importance of that part of the market. The legitimate uses are much bigger than the not so legitimate. |
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Me neither. I assume the 100DRK limit will also be lifted at some point - perhaps mention should be made of that? Perhaps here: "Following the completion of RC3, experts will be engaged to inspect the DarkSend code and, once confirmed, DarkSend will become open source and the 1000 DRK limit will be removed." - or words to that effect, assuming my assumption is correct. the 1000 limit will probably not be removed ever Dev has been quite explicit about not removing the limit. The idea of the 1000 DRK is that it has to be expensive to have a masternode. They are important for the network and everybody running one should take it very seriously. |
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Do you think it would be worthwhile mining dark with my MacBook Pro? It has a Nvidia card and is the 2011 model. I only have about 50 dark coin right now that I bought and would sure like some more!
Nope. The potential damage to the computer for running hotter will be much more that what you'll get (even with X11 laptops are not made for mining). Just buy more, it will be cheaper. |
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-200 we already have 190 and a ton of time till payment day Yes, but payments were delayed to the 25th only a couple of days before the previous scheduled date (14th), so most of the people who wanted to have them ready for the fist day already had them. The last couple of days craze may add a few more, but on the other hand they are now much more expensive, so I'm not so sure. |
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Cryptsy Panic..... I have had problems and Tante and the Ape have too. It seems that Cryptsy like to engage some strange protocol for withdrawals etc for coins with sudden surges of volume / pumps. Patience, not panic. Right now (with regard to the DRK market) reminds me of the Honey Badger waking up from it's Cobra bite to immediately carrying on eating it...  What an irritant these pumps are to the HB close cousin.... The DRK Badger. Also, yesterday Cryptsy started yesterday to ask for verification ID. They say that if you don't verify you can't trade against USD (if they ever finish implementing it!) and you can't withdraw more than 1000 USD per day OR EQUIVALENT IN CRYPTO!! I'm not sure when they will start implementing this, but maybe some problems with withdrawals are caused by that limitation, because it is already in place, or because the software thinks it is. |
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I think you make good points, but at the same time, it was similar praise and optimistic forecasts that made me invest between .004 and .005 during/after the big pump all the way from .0015. I believed in the coin, but I was not aware I was buying near the all-time high after a big pump (or rather, I was not aware of what that meant).
Yes, Darkcoin is a freaking awesome coin with a lot of potential. But at the same time, be careful about buying literally at the all-time high.
I honestly don't know what will happen with the price now. I feel like shit because I sold my coins around .006, thinking it would be quiet for a few weeks and that the price would settle lower. Just my two cents.
There was nothing wrong with buying in at .004 and .005. It was maybe an all time high back then but it isn't now. The mistake you made was selling at 6 (assuming you dumped your entire holdings). If I'm in a market long term and decide to day trade, I'd maybe only risk 25% of the holding. Also, this isn't a market that's easily day tradable. There isn't enough spread or liquidity in the corrections to pull it off without a lot of experience and taking a couple of weeks off your life expectancy. If it makes you feel any better, I bought a whole pile at 62, right at the top of the curve. Then it sunk back down to 58 and then further flash crashed to 48. I didn't mind because I knew this was going up long term and I knew there was a correction coming somewhere and I might be on the wrong end of it. You shouldn't feel sick about your mistake, you should take action. If you really want to be invested long term just buy back in with less and take the pain. It'll wear off in a couple of days and feel laughable in a week Yes! when you know you've made a mistake, correct asap. Eveyone does mistakes. One of the differences between those who gain a lot in the long term and those who don't is how they deal with them. |
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You can expect ymer any moment now announcing how he just dumped his entire stash ROFL
The stash that he dumped numerous times already at lower prices, because DRK was overpriced at the time. Yes for the 47th time Yes, all his 12 DRK |
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I can confirm that you can run the node with your local wallet cold. The way to check is look at the debug.log of the remote server, each masternode is assigned an identifying number from 0 to n. Search your ip and find your number. After that each time a masternode is selected the debug.log shows winner n. Search for your number and see if your node is being selected, mine are although my wallets are cold. Hope this helps.
I think we need a easy way to check if your Masternode is configured correctly. We'll have it on the 25th. If you get paid, it's correctly configured, if you don't, it's not. It would be nice to have something before though. |
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Side note. I have a mess load of masternodes to setup. Wondering what others here are doing. How is the price with AWS? Or digitalOcean? Anyone getting billed extra for data or other things? Basically wondering what's best experience so far. I think tantestefana locked down an aws?
I was billed on AWS for excess data outbound (> 15GB) and so I moved to DigitalOcean. I think that for now the 1TB traffic included is enough This excess traffic was with older versions of the daemon and Evan said there were some reductions in bandwidth so.... well that's my 0.02 DRK Where can one monitor that on EC2? still cant find it, as well as total hours used per month!! Surely traffic cant be that high?? And regarding blockchains size, what are we looking at with Dark? I think nobody answered you about where to monitor. Select an instance on EC2, click on Actions and at the bottom you have the option to 'Enable detailed monitoring' and to 'Add/Edit alarms'. |
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I find these discussions about anonymous vs transparent blockchains a bit superfluous.
Authorities aren't going to give 2 flying sods whether a particular blockchain is anonymous or not. They're not going to "love one and ban another". As soon as one is untraceable they all will be as far as regulations are concerned. There are going to be millions of "cryptos" out there in a few years of every conceivable singing and dancing technical description.
Anonymity is important in any financial system to protect commercial interests and competitiveness. Nothing to do with criminality. How would everybody feel if all their bank statements were available down at the public library ? Or if I was a clothing retailer and could check up on all my competitors cash sales movements ?
But threat to the mainstream financial system is nothing to do with transaction anonymity (although that does make it commercially attractive). It's the fact that cryptocurrencies are unlevered BASE MONEY.
Base money has been kept out of the hands of the public since the days of before the Federal Reserve, because the general public having access to base money of any type or value basically amounts a run on the banking system. Base money is a definition. It doesn't imply value - the market gives it value - it implies that it's the end of the line in a chain of trust managed by counter parties (in this case, central and commercial banks).
The anonymity thing is a total distraction as far as regulations go. If cryptocurrencies ever gain a substantial foothold in the mainstream economy they will melt the debt based banking sector like lava to a waxwork. It's just simple arithmetic because of the massive leverage that has built up over base money during the last 50 years. Why do you think the Chinese are so desperately trying to plug the holes in their system. They've not been able to touch cryptos - they have had to do it by regulating fiat. But if people actually start using cryptos for goods and services then they're screwed because you can't stop them passing strings of letters and numbers around or block every single Port 8333 on every PC in the world.
Regulators are basically clueless about cryptocurrencies and will probably never have a chance to catch up with them before it's too late. You only have to watch those videos on the New York hearing to see that.
The idea that they "like" cryptos because the blockchain's transparent is ridiculous. All you have to do to launder money is to pass it through an exchange and maybe through another crypto and back.
Darkcoin is getting valuable because it has the ONE thing that cryptos are missing which the fiat system does have - commercial privacy. That's why it's out-growing everything and IMO will probably end up as the first alt ever to rival Bitcoin's valuation. I know thare's other stuff out there that can do the technology - it doesn't matter. What matters is which one the market picks and that's where DRK now has a home straight in sight.
good read, and i see where you're coming from. I do believe in commercial privacy, but equating a non darksend crypto currency to "having my bank records available at the public library" is a tad hyperbolic. and yes, the hearing was fucking looney tunes, and it's easy to see how ignorant many people are, alot of whom are in political power as to the true relevance of crypto in today's world. however just because they're big slow and dumb, doesn't mean that they aren't beginning to take an interest, that they aren't beginning the long road to understanding, and at the end, revelation as to the true significance, and in my mind, the true threat of things like %100 anonymous currencies. china clamping down on bitcoin didn't kill it, but it did hurt it's value. DRK has the same potential to piss off other organizations worldwide, we'd have to be living in a dream world to believe otherwise. weather things like DRK become triumphant or not is for the fates to decide, but to think that it's a slam dunk one way or another is delusional. there's people on both sides that will want to see this either succeed or fail. *edit and i still haven't seen a list of the other X11 currencies, anyone care to share? I mean i assume that you're all invested in DRK for posting here, so you probably don't want anyone to mention any other alt as a potential competitor. there is no competitor to DRK, you're the only one doing everything that you're doing. stop being so melodramatic. i just want to know of other X11 coins that i might not totally miss the train on Quite late where I'm now and quite tired, so I'll just write a couple quick thoughts that came to my mind when reading your posts: 1. You keep saying that cash has serial numbers, but they don't get associated in every transaction they are used in. If they were so useful to trace back, cash would not be the number one illegal activities payment method. 2. Every day that passes the chance to regulate cryptos is further away for politicians. 3. Even if mayor exchanges delisted DRK (extremely unlikely in my opinion) there are so many ways to get it that I don't believe it would harm. As others have pointed, it could even be beneficial for the publicity. So many exchanges, so many cryptos... no way they can stop someone that wants to get DRK. 4. Money laundering was invented long before cryptos. There are many tools that can be used and cryptos is just one of them. As toknormal said, the value in Darksend is commercial privacy embedded in the coin without the need to do weird things to get it. A couple of weeks ago there was an article in The Economist that explained how trade is increasingly being used to launder money ( http://www.economist.com/news/international/21601537-trade-weakest-link-fight-against-dirty-money-uncontained). It may account up to 15-20% of Mexican exports to the US, so are you also worried about the US closing the border to trade? |
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In the numbers we trust:
Of course we do! market is the ultimate judge and trial is going well. Of course there can be a last minute problem and drk can end up in the death corridor, but right now it doesn't seem likely. |
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A passing mention in Bloomberg The IRS has decided it wants a piece of the action on virtual currencies. There are many virtual currencies including Bitcoin, Litecoin, Doegcoin, Darkcoin, Ripple, Digitalcoin, Worldcoin, Vertcoin, and Peercoin. So now Darkcoin is getting mentioned in the same breathe as Bitcoin, Litecoin  http://www.bna.com/bitcoin-litecoin-dogecoin-b17179890404/Yes, but IRS is also mentioned in that sentence. Me not like! |
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