Multipools hop between coins and mine the most profitable one at any given time. The idea is to sell for BTC.

The trouble comes about because they're huge (10+ GH/s) and when they hop onto a tiny coin, the difficulty spikes for that coin. Difficulty is how long it takes to solve blocks, i.e. make the network progress over time. Eventually the multipool hops to another coin and leaves the old coin with a huge difficulty. The small mining community has a hard time progressing and is basically "stuck".

Yup, we need to:

(1) eat through that wall
(2) get up hashrate

.. in order to get up to a fair value. Get buyin' and minin'. At current awareness levels, DRK should be around VTC in market cap.

Woot, title change! Only downside is that ASIC resistant is gone. I'd still take that over KGW under limited space. After all, the ASIC resistance derives from the algo, which already protects us from multipools (though KGW is still nice for responsiveness).

Title change should be enough.

[ANN][DRK] DarkCoin | Truly Anonymous (DarkSend) | KGW | No Premine | ASIC Resistant

As far as I can tell, it's "anonymous" in the same sense that Bitcoin is anonymous. Your public address isn't attached explicitly tied to your real identity.

This seems to be a generic scrypt clone, just with clean, professional marketing.

People buy because they think the rocket's taking off. And sometimes they're right. I got into DOGE a few days before the Jamaican bobsled thing caused a 5x price rise. It eventually came down to "only" 3x the previous price but there's basically zero prospect of it going back down to the previous stable price. That's because the bobsled fundraiser was a fundamental event for DOGE despite all the shit it gets from everyone.

Likewise, I think Darksend going to beta may be a fundamental event in DRK's history. I could be utterly, hilariously wrong in retrospect -- such is the nature of crypto markets. But I'll take my chances.

I played my part in this "pump" and I intend to hold. My time frame is months so I wouldn't care much if it crashed tomorrow.

Coinbase is truly garbage. Bought on Feb. 25 but it's to be "delivered" by Mar 3. This is apparently 4 days according to their math. And the rationale is that they're waiting for money from my bank when I can see that it was gone from my bank days ago.

Crap, I'm still waiting for my BTC to buy DRK. Late the party again...

Yeah, I do think the name exerts a drag on adoption. I was dismissive of DRK for a while for this reason and only came around after reading through this thread. But most people won't put in that effort.

Looking great. Some comments on this current state:

1. Logo should be more prominent somewhere, not just the little substitute for the D up in the top left.
2. Yellow highlighting and links doesn't look good among all the cooler color temperatures. Underlining or a background box upon hovering works. Light orange is better with blue if it needs to be a color. See this example from our corporate overlords for a blue/white website: http://www.mckinsey.com/insights
3. First image is negative and it's very busy/distracting with the white-on-white.
4. The favicon is a G for some reason.

If this is your definition of "dead" for a 1 month old coin, then Bitcoin died back in 2009.

So where's the proof that this actually exists?

eduffield,

I noticed you took ASIC-resistant out of the title. It's what attracted me here and, IMO, it should be kept there at all times and is the second most important feature of DRK. Certainly more than KGW, which is becoming common nowadays. VTC has shown that there's a demand for ASIC-resistance so DRK might as well advertise it.

Careful, wikipedians who watch crypto have a strong notability criteria and WILL delete anything that has a small market cap or wasn't mentioned in mainstream press. It's better to do this after DRK takes off from DarkSend usage.

All premine coins are garbage. There haven't been any exceptions to date. I've only ever mined them to dump and buy real coins with innovation. Currently, all these shitcoins are just an agreed-upon pump and dump game. Some win, some lose. But everyone's convinced themselves that they'll be on winning side. Cognitive biases are funny.

The market will learn over the course of a year, I think. This is a transient phase. The idea itself is just comedy. Something is supposed to become a universally accepted exchange medium, yet 1 guy starts with something on the order of 1% of the total supply? LOL. Even the USD, with all its inequality, doesn't have that.

I've only used the Mac wallet and have no issues. OSX 10.9.1.

Way to discredit yourself.

It's averaging Poloniex ($1.09) and C-CEX ($0.14). Poloniex is the correct market price, I don't know what's going on with C-CEX.

Dear god, every non-retard KNEW it was a scam going in. I mean, really? Do nothing and get 2x payout? Were you born yesterday? By depositing, everyone has consented to the scam. Let's be blunt: you don't have a problem with Ponzi schemes or you would've never deposited. Rather, you have a problem with finding yourself at the bottom of the Ponzi pyramid rather than an early "investor".

In terms of morals and motivation, you and the head scammer have a lot more in common than you think. After all, you were attempting to scam the next investor below you in the pyramid. But you failed, and that's what you're REALLY bitter about. Too bad, so sad.

Yeah, good luck getting California to "make an example" of him. Talk like that is the hallmark of impotence.

I want to emphasize this. This was gambling, not investing. It's clear several people gambled more than they're comfortable losing based on the panic here. Hey, I put in 40k DOGE (~$50) and you don't see me panicking. It wasn't much relative to my stash so as far as I'm concerned, it was fun for what it was. (But still wishing I wasn't minutes away from payout!)

Just look on the bright side: on the next ponzi, you'll deposit less, having learned this lesson. The more risk-averse among you might even stay away entirely.