From IRC: [17:26] <@evan82> kaene, someone attacked the network using the masternode fork and destabilized it

It was/ist off, because before the fork there was no reason to ban any versions.
(And before the fork it was unknown which version (may) make problems.)

To manually turn it on, you would have to recompile from source.

But the normal procedure is that the devs/Evan would release a new version for everbody which nothing change, but having the "ban switch" with the correct version numbers turned on. (And engourage everybody to update once again.)

Doesnt have to be added, already part of the code. Just have to be configed/turned on.

why not kick-off the masternodes, who run an outdated client?

I'm not saying there will be one, there are thousands and there always will be.

The argument that a second coin will exist with a significant market cap in comparison to Bitcoin is even plausible and I agree with it.

If Darkcoin or Monero succeeds in being number 2 or 3 or 4, they could easily have a multi billion dollar market cap with Bitcoin sitting at the top ($100 billion).

I never said anything against Darkcoin being worth 10% of Bitcoin, or Monero being worth 10% of Bitcoin.

What I did say was this:


These people actually believe that Darkcoin will overtake and replace Bitcoin as the main CryptoCurrency.

With all the issues about Darkcoin (Masternode centralisation weakness, CoinJoin being inferior to CryptoNote, the source being closed for a long time, the insta-mine) I cannot see any reality where Darkcoin overtakes Bitcoin.

And that is what AlexGR believes will happen.

- CoinJoin (the absolute fundamental basis of Darkcoin) was developed by a Bitcoin developer and he said that Darkcoin is an useless alternative coin with a terrible solution to the constructing transaction pool problem.

- Bitcoin has a lot of development going on behind the scenes, some ideas such as side trees and side chains may very soon allow Bitcoin to adopt all any feature without having to code the core client.

- When an anonymous sidechain is made for Bitcoin, it will not be CoinJoin but it'll probably be based off CryptoNote technology. Many Bitcoin developers are impressed with the CryptoNote technology.

That means, that for every 1 sold Darkcoin, there are  ~3.6 Darkcoins bought.
That means, there are more buyers than sellers.
That means, there is an upward pressure.

If you can't understand it, I genuinely can't find a way to explain it any better, I'm very sorry.

this thread is getting really painful to read

I kinda miss the old times...

I hate to say it, but after reading the thread the past few days I am beginning to miss the discussions about the name being "too nefarious".

Watch his post history. He is just bullshitting the forums 24/7.

Maybe it's time for a DarkCoin without premine? =)

Oh come on! 

Even a 12-year old could easily create volatility and insane volume if he had instamined a coin like this. All he needs is two Mintpal (or any other exchange) accounts.
A simple trading robot can do this without needing you watching the screen.

DRK inst going to replace anything. You are being played. Devs have complete control over this coin. You need to open your eyes.
Go ahead and label me as troll for trying to awake you.

how is TIPS still possibly so cheap, when it had anonymous transactions so much earlier than this scamcoin?
DRK isn't even opensourced, how are we to know it's anonymous?

I'm not sure that is true.  Does that make me a troll?  Of course it does!  As long as the price of DRK is generally going up nothing negative can be said about the coin without people freaking out.  Also I think DRK is overdue for a correction so I'm spreading FUD too.

I also forgot to add that I'm just mad that I didn't get in earlier which is why I'm spreading this FUD.  Makes perfect sense.

Yup, that's what we're saying silly person.  Evan's implementation of coinjoin is not simple nor direct.  He took it to a totally different level.  If you haven't studied what he's done and what he plans to do, you have no idea what you are talking about and I suggest you go back to whatever hole you came out of and enjoy whatever coin you bought into.

ok, lets think this through (With my "know all attitude" which stems from having spent too much time in alt coin threads that were all going rival bitcoin at one time or another and balloon in price to kingdom come but then died and lost a lot of gullible investors a lot of money).

We'll look at 3 things: role of asset, market technicals and market fundamentals - at least as far as the scope of a single post allows.

[1] - Role of Asset. Why are most people in Darkcoin ?

They are in this asset, not as an investment but as a HEDGE for Bitcoin since most people have a majority invested in BTC and a minority in alts (It's reasonable to assume this since BTC is the reserve currency against which everything else is measured. If your DRK went down in price against Bitcoin you wouldn't be very happy even if the number of DRK's you held increased).

DRK is now being seen as one of the leading hedges for bitcoin investment. In particular, it hedges well against a possible perception of Bitcoin's blockchain being too transparent.

But the idea of a hedge is that it works opposite to your main investment. So if you picked a good hedge, it will go up if your main asset goes down for the reasons that you were hedging against, thereby offsetting the losses on the primary asset. Conversely, people shouldn't be surprised if the hedge goes down when the main asset rises.

In turn, Monero is a good hedge for Darkcoin because it uses an alternative technological approach, and so we are now seeing its value rise as well. A sensible investment strategy therefore might be a 70, 20, 10 split between BTC, DRK and MRO respectively (if you were a DRK fan) or a 70, 20, 10 in Monero's favour as the main hedge (If you were a MRO fan).

Note, that one of the things which makes it potentially NOT a hedge is if you can't control the transparency of money that you ** receive **. I'm not sure about this and need to do more research - maybe someone can clear it up. But most people are more worried about keeping their income private than their expenditure. If transactions are not opaque by default and you have to hope that your customers click "use Darksend" every time they send you a payment then Darkcoin is basically no better than Dark wallet. For me, to be effective as a hedge, the whole network needs to be dark.

[2] - Market Technicals

When we look at Bitcoin vs Darkcoin, they are at opposite ends of the price curve in their own particular markets. Bitcoin is at the bottom, Darkcoin is at the top. BTC has gone through a 5 month consolidation, during which it compressed down to less than half it's peak value. DRK on the other hand has inflated by about 1000% in the space of about 2-3 weeks. So from a purely technical perspective, it gives DRK a major challenge to further accrue value against Bitcoin. Not saying it won't do it - it may have some way to go yet, I'm just pointing this out in response to the claim that "I am guessing"

[3] - Market Fundamentals

What are the single biggest developments on the horizon for Bitcoin and Darkcoin respectively that may impact the market ?

For Darkcoin, it's obviously the arrival of the Masternode phase of the coin's technical evolution and more long term, the adoption of the Cryptonote technology (I don't now if that's official or just an off hand remark by the dev).

For Bitcoin I'd say that it's the prospect of the Winklevoss ETF receiving final approval and going live on the New York SE. I don't know if people actually realise what a huge deal that is - it will have taken the best part of 2 years to pass through the various approval stages. It will open the door to institutional funding and send Bitcoin on the next phase of its price evolution.


If you think that is "guessing" then please post your own "guess" and I'll gladly read it with interest. I'm afraid I can't apologise for the "know it all" attitude because I happen to have quite a lot of money in this coin and I'm sick of spending time in alt coin threads full of B.S. about what huge price the coin's going to have in a years time and nothing about why it might have that price other than "great dev, great community", followed promptly by a puff of white smoke and a stampede for the door.

Note, that one of the things which makes it potentially NOT a hedge is if you can't control the transparency of money that you ** receive **. I'm not sure about this and need to do more research - maybe someone can clear it up. But most people are more worried about keeping their income private than their expenditure. If transactions are not opaque by default and you have to hope that your customers click "use Darksend" every time they send you a payment then Darkcoin is basically no better than Dark wallet. For me, to be effective as a hedge, the whole network needs to be dark.

BTC has gone through a 5 month consolidation, during which it compressed down to less than half it's peak value.DRK on the other hand has inflated by about 1000% in the space of about 2-3 weeks.

What are the single biggest developments on the horizon for Bitcoin and Darkcoin respectively that may impact the market ?
For Darkcoin, it's obviously the arrival of the Masternode phase of the coin's technical evolution and more long term, the adoption of the Cryptonote technology (I don't now if that's official or just an off hand remark by the dev).

I do.

It's because 5 years of technical evolution, promotion, being battered to death in the media spotlight and surviving, having ETF's being applied for and slowly making their 2 year journey through the regulators and being seen to have "the end in sight", has umpteen GH/s of hashing power on it and a huge worldwide infrastructure supporting merchants.....(on and on)... trumps a 4 month old piece of code that's reproducible and made by a couple of guys in their spare time by about 200%.
 

I've been looking in to MRO - anonymous dev with only 8 activity on bitcointalk, fork of another coin's tech, no innovation on its own and no plans for any, only on exchanges for a couple of days.

Let's compare that to DRK - dev with a real name working since Jan, innovative one-of-a-kind DarkSend and masternode system, development schedule for all to see including plan to add ring signatures, dev committed to working on this full time, steady stable growth, #7 on coinmarketcap, chance to earn passive income with masternodes.

No contest in my opinion. Let's stop talking about MRO. It's a short term distraction.

1: Coding requires time. Cloning does not (Monero being a Bytecoin clone). So V1 is out of the question.

2: Monero has a lot of issues in the usability and compatibility departments, and from what I read in their thread, serious bloat issues (?). If that's the problem now, then how the hell is this gonna scale in 3-5-10 years?

3. By V2 of DRK, Monero will be a subset of DRK's capabilities and DRK will have more anonymous features + bitcoin-level of usability and compatibility. So long-term hold prospect for Monero doesn't look good in that sense. It could be a short-term hedge for DRK though.

4. Evan will not stop with DRK's evolution after the anonymity job is finished. He has plans for killer mainstream features. At least I remember he said that when DarkSend is finished he'll implement something he believes will be a smash. I've no idea what it is.