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Aghhh! Please stop panic buying !
It was supposed to go down !
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I trust the appearance of that untimely huge green candle - right after I made those posts, when the 15 minute MACD was just crossing to the downside - is purely co-incidental.
My order's now buried under half a master node's worth of bids. Could people please remove them or I'll have to move it up.
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Why are people telling when they invest 1 BTC? I thought I just explained why. (And I've already spent my 20 BTC  Please don't ask me to put up a 22 BTC sellwall just to prove the point) |
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Right, that's it for me. I've seen enough - buying @ 170+ if anyone cares to dump on me. I see the 15 minute wave is just tipping over right now. I need to slip quietly in above that 1468 DRK shot. (86.123 incase anyone thinks I'm bluffing).
It's now becoming clear to me why this coin is rising to prominence. This project has a huge heritage going back nearly 35 years. Duffield's just the current caretaker (and a highly competent one at that - I'm sure he won't mind me saying it).
Clearly, that can be said for most of the "cryptos" but this one appears to have a more direct lineage back to the academic "royalty" than most.
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Wow, this is amazing - this has all been done before - in a centralised manner. Read this.... http://cryptome.org/jya/digicrash.htmChaum appears to be a kind of irritating genius who's ideas were way ahead of their time. What we know as Darkcoin is actually Darkcoin 2.0. 1.0 had Microsoft, Netscape and ABM Amro bank and every venture capitalist going interested (cos it was "centralised"). Just shows you - they know exactly what's going on. They just can't get their hands on it today because it's now decentralised so they try to look disinterested, but if they could they'd be all over it like a rash as this testimony clearly demonstrates. Incredible ! |
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It would be nice if part of those bounty DRKs could be entitled to people like him.. would also help on the PR scene.. building the image of the coin as one, which pays its dues to its ancestors..
+ 1401 I don't think people realise how much work has been done to get to this point. They think it's just a couple of guys hammering out some code. Also check these guys who wrote the 2nd paper referenced in the Darkcoin white paper. Now check what their number 1 reference paper is.... http://ojs.academypublisher.com/index.php/jnw/article/viewFile/0508921928/2053...and this one...see references 4 and 5. http://eprint.iacr.org/2014/077.pdfEveryone stands on the shoulders of Chaum who was into this stuff 33 years ago. Talk about being ahead of your time  |
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That's not going to happen. This tells me you'll be lucky to catch anything ~ 0.016 flat. Clearly we're not breaching that line, and there are major good events in near future - so sorry, there's no chance for 0.013. P.S. If you really believed that - why did you buy @ 0.0179 and not 0.013 I would guess you probably try now to average your buy lower Don't worry. No one's going to be more happy than me if it doesn't go down from here because with any luck, most of my DRK is going to be tied up in a masternode if I can get b*strding OS/X Terminal to send a *&$@£$ing ctrl-X to the @%$!ng linux text editor and get me past step 6 of chaeplin's guide. I should've taken GhostPlayer's advice and ditched terminal for a native Ubuntu installation but that would've taken me another day. As it is I've now become an incidental expert in 1960'a ANSI escape code technology At least I'll have an excuse to hold then if the price takes leave of itself. Believe it or not, I find trading quite stressful unless I'm buying Jackpotcoin at 3 Satoshis where my biggest worry is that it doesn't get past 10. P.S. If you really believed that - why did you buy @ 0.0179 and not 0.013 I would guess you probably try now to average your buy lower Simply because I was more worried about losing my DRK altogether than about them losing value. If you look back at my posts, you'll see I had a bit of a change of perspective regarding the amount of 'network effect' that was contributing to it's value. I decided I'd underestimated it given the amount of fiat exchanges that were popping up, especially in China. I also decided that I liked the way Evan does things. I've been a professional business software developer for 25 years but I don't really consider myself a "geek" - I like the business side of it and I think that helps you keep a healthy perspective and not get too carried away with theoretical detail. Evan seems to have a very rare and well balanced combination of practical business nouss while at the same time being able to code up highly innovative and successful solutions. The third corner of that triangle that I like is the academic basis behind the Darksend technology - this guy here, the inventor or "Blind Signatures". Talk about being ahead of your time - over 30 odd years it turns out in this case: http://en.wikipedia.org/wiki/David_ChaumI never realised all this stuff. The origins of Darkcoin go right back to 1983 in this paper: http://link.springer.com/chapter/10.1007%2F978-1-4757-0602-4_18They had all this thought out way back then, just waiting for the right commercial implementation to arrive. Well now it appears it has. |
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I think this analysis is wrong. Previous hard fork the price went up dramatically until the hardfork date. Now, things are different since investors learnt that things can go wrong when hardforking. So instead of a price increase, price will probably not move much and stabilize at around 0.017-0.018 as people are waiting for what happens after the fork instead of betting on a succesful fork prior to the actual fork. When hardfork is succesful, price will steadily rice to 0.03 until RC4. If fork fails again, price is in trouble.
Yes - that did cross my mind. All the same, it's wishful thinking. Got to stick with the charts. I learned that lesson from Bitcoin - it couldn't possibly drop below 800 when "Overstock" was coming on board |
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Which scenario do you think is the most likely to happen?
If everything goes smoothly with RC3, a final retest of the 0.013 support prior to the turnaround. If there's a screw up, then the pessimistic one. |
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Your second scenario just isn't going to happen, there's so many reasons why not, you're clever enough to think of several reasons in a minute...
The problem with that is, once a big move begins, people don't buy on fundamentals. They buy because everybody else is buying and sell because everybody else is selling. The only reason the second scenario is there is because we potentially haven't fully corrected from May's big high. The buzz around RC3 has pushed that correction back. If you look at the twelve hour, the base support line for the descending triangles lies along 0.011 (/ 0.09) if you take RC3 bump out of the equation (which it will be by next week). As I say, I'm not predicting this, it's an observation about what *could* happen once the market dies down and people decide to take profits. Even if that does happen, I doubt it will last because the fundamentals will kick in once it bottoms and we'll start the steady rise again towards RC4. On the other hand, going against that analysis is the fact that the whole chart is more bullish that Bitcoin's post Christmas one was since we have rising bases each time on the 12 hour instead of descending ones. Here's the possible scenarios as I see it. Take your pick.  |
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A second mtgox is just a matter of time. However what an exchange does is not the determining factor of value. People will just move their money in and out when they need to instead of using exchanges as "banks".
One of the side effects of masternodes is the incentive to pull money out of exchanges. It will therefore prevent fractional practices, reduce short-selling potential (when short-selling is activated) as well as allow DRK to be more stable in case of an MtGox scenario of a big altcoin exchange, compared to other altcoins (less DRKs stored for hacking, due to many DRKs being assigned to masternodes).
Gox was a known quantity. You had to be deaf and blind to not know something was going badly wrong there. People had weeks of warning to get their money out. If a "regular" mainstream exchange (like, say Mintpal) got hacked with no warning and people lost their funds, that's going to be much more damaging than Gox ever was. Don't be so sure that things can recover so easily from that. What's more likely to happen is that it's the end of centralised exchanges and trading goes "offline" to decentralised hosts such as the NxT block chain or Etherium when it appears. A coin only has value though trading. Trading needs exchanges. Ergo, a large part of the coin supply is *always* going to live on exchanges. The reason I've got mine there right now is that post RC3, things can go two ways: - the price stays where it is or increases a little as people see a stable release and the coin gains confidence or ... - speculators who have "ridden the wave" up till now decide that that's the show over for now - at least till - till RC4 and take profits en masse, pushing the price to around 0.008 You have to weigh up the 2 risks: losing all the value in an exchange hack or losing half the value in a cash out after RC3. |
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I'm always shocked to think of how many people keep their coins on exchanges. A HUGE percentage of coins in existence are kept on exchanges, which really ... well, I mean... Mt. Gox was only a few months ago!
I've still got all mine on an exchange. I don't really agree with the idea that they're not safe on an exchange. The "crypto" world can probably handle 1 MT Gox but not 2. If another hack on that scale happens your coins might be "safe" offline but valueless. |
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Anon coins are going to blow up bigger than any other coins. There, I said it  Why? Well, Andresen already said he doesn't want to implement coinjoin into bitcoin. So, the traceability is an issue for all the criminal types. I wish people would stop associating "anon" with criminality - this is garbage and not the reason why "anon" is important. It's important because in most societies, peoples finances are not in the public domain. It's got nothing to do with "criminality" it's to do with privacy. In the fiat world, personal and commercial banking transactions are not anonymous but they are private. That's what's missing from Bitcoin - at least as far as potential association of identifiable entities with block chain addresses goes. As far as "criminality" goes, bitcoin and "anonymous coin" will probably be used just as much as each other to store the proceeds of illegal activities, bit coin probably more. The proceeds of crime right now are stored in US Dollars even though it's not "anonymous". |
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Glad I'm not invested in NEM. With friends ("ambassadors ?"  ) like Come-from-Above spouting garbage, who needs enemies: +1 In an act of utter betrayal UtopianFuture stabbed the back of the entire community to enrich himself with a supposedly FREE, EQUAL EGALITARIAN project. What a joke. It was meant to enrich him in the first place by enslaving workers for his dream.
Sad development team, even more sad community. "NEM" is the crown of Bitcointalk Scam.
This is an utterly intense scam.
NEM would be far better off without morons like yourself.
NEM is a scam dude. darkcoin for the win. my post was sarcasm. |
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You can skip step 6, 'sysstat enable'.
The sysstat utilities are a collection of performance monitoring tools.
ok - great ! Thanks chaplain. Have you any idea how I get out of the text editor ? |
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DO NOT use OSx terminal to SSH into Ubuntu. There is an UTF-8 incompatibility that almost drove me crazy. Well... I was trying to compile the daemon back then, but in any case I had nothing but trouble. Install a Virtual Machine Ubuntu, and it will be a breeze.
There probably is a dedicated "Putty" for OSX, but quite frankly, I dont give a damn. I loved the challenge of doing it all under linux. Plus, I get another machine with wallet... actually, multiple...
oh ? I thought the Mac would be perfect for it. You mean use something like Ubuntu under Virtual Box ? |
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Are you talking on a server in a terminal on ubuntu desktop? Which text editor? There are quite a few, and none are called "Edit".
If it was vi or vim, hit esc, then type :q and hit enter.
If it was nano, Ctrl+x
HI naxin, thanks for responding. I'm in a remote session on an EC2 server, connecting with OS/X terminal. I don't know what the editor is. It's possibly from one of the libraries downloaded during the steps outlined here: https://www.darkcointalk.org/threads/how-to-set-up-ec2-t1-micro-ubuntu-for-masternode-part-2-3.241/I think if I use control keys, terminal on the Mac just intercepts them - it doesn't send them to the remote server. |
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Not that I am defending the NXT distribution.
I'm defending it. There's absolutely nothing wrong with it contrary to all the nonsense posted. Firstly, it wasn't a "distribution" it was an auction. Fair and square, so stop judging it as one. Secondly, it doesn't matter squat whether you receive 70, 700 or 7000 takers for said "auction" because any of those numbers are a tiny portion of the ultimate market. So all these ignorant hypocrites parading themselves as self-appointed ethics police are just being selective about what they define as "fair". In commerce, there is an unambiguous definition of "fair". What's fair is what's agreed. So if you don't think it's fair, don't agree to invest. Another thing that makes their "crusade" a bit ridiculous is the fact that they keep banging on about "billionaire" stakeholders when talking about purely hypothetical numbers. If you just take a price and multiply it by a holding then sure, you get a pretty high number, but the other side of the so called "bad distribution" coin is that that amount can never be realised. A much wider distribution HAS to take place before the original stakeholders can even realise a tiny part of their holdings - so it all evens itself out. I'm not saying they don't ultimately stand to make a lot of money - they do. I'm saying that I don't have a problem with that and it doesn't create the kind of adverse investment conditions for others that the critics claim it does. |
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Can somebody help me out here ?
Darkcointalk seems down for password resets and I can't get a message on there.
I'm stuck in the Ubuntu text editor ("Edit") and can't get out. I've basically screwed up step 6 ("Change System Setting") because I didn't realise that the edit commands were all variations of each other - so I ran them in sequence and of course each line is just entered as another line in the text file being edited "sysstat" instead of being executed.
Doesn't matter what I do - tried EOF, q: etc, I can't get rid of the text prompt and get back to the command prompt. Also, can I just redo these files if I've corrupted them ?
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