was a good read, until i read darkcoin...
Darkcoin was quoted for a reason: that it adds fungibility to an otherwise un fungible digital currency. In any money system fungibility is what supports privacy. |
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Fungibility:
ring sigs = keep the gold coins and try to hide the exchange
drk = melt the gold coins and show the exchange
No comparison.
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Using numbers from Coingecko:
BTC: $1.5 billion in hardware securing the network
LTC: $91 million in hardware securing the network
DRK: $28 million in hardware securing the network
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Apple urging citizens not to give up their privacy is a good thing.
Why should it result in Apple's end?
Because they are not "urging citizens not to give up their privacy". They are urging them to "give up their privacy (to them)". https://twitter.com/hashtag/applegoodbye |
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To the creator of the graphic above, *please* change "scarecity" to "scarcity".
Done ! thanks for the tip. (Maybe you'd like to update your quote in turn). |
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Dark has a circa 15 million USD market cap... Lets face it, that's peanuts.... For a globally ubiquitous, unique and growing asset - yes, it's peanuts. |
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A reminder of why DRK has value and will continue to have value regardless of the "dominance" of Bitcoin (in fact it will be helped by the dominance of bitcoin). It directly addresses a monetary property, not a technical property. (i.e. one which cannot be dealt with by improvements in bitcoin "tech" like sidechains, proxy currencies, API or whatever):  Darkcoin's emphasis on the 'monetary' perspective is further consolidated by its pre-emptive approach to anonymisation. i.e. the coin supply is continiously "anonymised" while in the wallet at opposed to "you've got 1 shot at it - at the point of transaction". If we take gold as a precedent, it's analogous to the ability to melt the gold as opposed to making "transactions in secret" - a whole different emphasis. The ability to melt down gold is true fungibility, secret transactions are not. Properties of money: http://contrarianinvestorsjournal.com/?p=391# |
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I understand that it makes things easy to track, but that's a bad philosophy. I was being slightly ironic  I do realise how stupid it is to keep stuff on exchanges for significant lengths of time. It's just that the valuation tanked so much since I bought in that I wasn't too worried about it. I generally keep any significant holdings in cold wallets. Thanks for the concern though. |
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Last time I'll say it...although there have been new buys recently...price would tumble if not for the massive buy wall.
Wow. How to look a gift horse in the mouth ! Do you realise how many projects would die to have a unique enough proposition to attract whales to their markets such as Darkcoin has done ? So you're saying that somehow "diminishes" the validity of the valuation rather than endorses it ? I'd be interested in discovering the logic behind that conclusion. Also I don't agree with you that "price would tumble if not for the massive buy wall". I've seen loads of massive buywalls sold into and destroyed because the market did not agree with the buyer. The wall was there well before the launch of InstantX at which point a revaluation kicked off which had to be chased by the entire market including that 25,000 wall. A buywall works both ways. Remember that a majority (80% to 90%?) of the coin supply is not being traded. For large holders it's usually impossible to liquidate their holdings at the market price. A buywall that size so close to the trading level is a golden opportunity for anyone that wants to realise their holdings or part-holdings. Yet nobody's biting for weeks. Sure there are nibblers but no big cash out despite the golden invitation. What that tells you is that - if anything - the project is undervalued. Most holders place a higher value on the asset than the current cash-out potential. *********** P.S. You might be confusing markets with democracy. In democracy it's 1 person 1 vote. In markets it's 1 dollar 1 vote. So if you get somebody coming along with a pile of dollars = that's who you want on your side, not the hundred people with no dollars. |
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Throwing it to the floor.
Your about a year too late. |
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Market keeps creeping up. A kind of silent creep - 0.001 BTC per day on the valuation. There is buoyancy. Nobody wants to panic buy but there is more buying than selling. Lets take a brief look at Darkcoin's longest range and most stable technical indicator (that I know of !  = my event horizon thanks) - the 1 week DMI which tells us if we're in a bear or bull market. When we zoom out to this level we can see that Darkcoin / BTC is one of the most consistently bullish markets around. The 1-week chart has only been in "bear" mode for any significant time once - a couple of weeks during last August. Bears attempted to capture the 1-week market again during December and January but failed and since mid January the bear market has been dropping away. As I write this, non-otoh bid liquidity is thickening up as patience with waiting for "the crash" starts to run out. There is jostling for position. There is volume *. There is "Fear" **. There is talk (and tok ). There is FUD. There is development. There is adoption. There is action.    © Investopedia: http://www.investopedia.com/terms/d/dmi.asp* last 24 hours greater than traditional high liquidity markets such as dogue. Largest weekly volume peak since June 2014. ** of the market running away, of asks being pulled, of Evan dropping one of his casual posts that IP obfuscation or reference node blah or is imminent or that the devteam or grown or whotnott |
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They keep telling that they will open all.. I still do not lost hope..
If it makes anyone feel better, go and look at the "Dividends and Interest" section of your account. You should see most of your altcoin balances there even though you can't withdraw them right now. I find that encouraging. |
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In saying that, I see no point to DRK, it is a variation on everything else. Let's split "the point" to DRK into 2 categories: - monetary - technological Monetarily, there are generally 6 accepted "properties": portability, durability, divisability, scarecity, un-consumability and fungibility. Bitcoin exhibits all of these except 1: fungibility. So there's the first "point" to DRK - it adds fungibility where there is a problem in bitcoin. Technologically, the "point" to DRK is that it's technology is designed to support the fungibility requirement as optimally as possible. For example the coins are pre-mixed while in the wallet. This is a very different approach from attempting to "hide" individual transactions right at the point of use because it places the emphasis on supporting a monetary property rather than a technological one. As far as "the point" to DRK relative to other anonymous coins, there are probably several but the one I would pick out is that the others are almost exclusively obsessed with pursuing "anon-technology". This is admirable but it isn't where the value or marketcap comes from. Most of it comes from a monetary premium gained from adoption as a monetary medium whether that be a as store of value or as a token of goods exchange. So pursuing monetary properties over technological ones will always produce more effective returns in terms of value. If you look at the history of crypto-currencies you can see that first mover advantage combined with a trusted development plan thats seen to be delivering is an almost guarantee of market supremacy. Even if others come along which improve on your tech, they don't do anything to your marketcap unless you make some kind of catastrophic mistake. This has been true for so many cases - bitcoin, litecoin, NXT, Bitshares, Peercoin etc. They've all had both clones and originals in the same market sector, none of which really challenged their market position. I'd probably even include Monero in that category because it was one of the early cryptonote coins that has sustained its position in the top 20 and it has a respectable 2M+ cap. So it's not a sh*tcoin. It's also a good hedge for DRK because it uses a completely different algo, however the fact that Darkcoin is compatible with Bitcoin's API is a huge commercial advantage for it which will help to consolidate its position IMO. |
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I would feel much more secure, if there was at least some fundamental reason to fuel the growth (vague statement of BoE is not one for me). Speculatively it can grow any day and no technical analysis would be able to predict that.
Following the analysis I proposed earlier with the three valuation elements: - residual asset value (measured nominally by VC capital) - monetary premium (measured by adoption) - speculative value (measured by forecast ROI based on growth of the previou 2) ...then of the 2 fundamental elements (residual asset and monetary premium), monetary premium is by far that largest. The question is how to measure it so that there's some basis for a genuine market valuation. This would mitigate bubbles like the one we had in December 2013. If growth in infrastructure continues, we're probably headed for something similar to the internet dotcom bubble of 2001 which is not a very tempting prospect for anyone but a few speculators who will "get off at the top". What's needed is some kind of worldwide adoption index. A few months ago Overstock published their turnover from bitcoin sales. If that figure could be captured for worldwide retail turnover then we'd have the basis for a very instructive bitcoin valuation index which would serve as a guide to monetary premium. How do we get such an index established ? It could be called something like "bit-radex" for "Bitcoin retail adoption index" and would be quoted either informally or formally if it grew to be authoritative. |
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Tok, Nice read as always, thanks. I still don't have time to read all your post, but just want to correct something:
The total amount of VC flowed in BTC last few years excess 500mil already. It must be around 1bil in some estimation (check coindesk for the source, I will post it again if I found it).
Regards,
Thanks for the correction. I thought I'd better keep things conservative. Don't want to become responsible for anyone loosing their shirt (/house /private plane etc) |
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