At this rate we hit .005 in less than 4 hours. And that is even before the article is out. I guess a quality coin like dark will always meet high demand.
+1 on bringing the new website out
Maybe even 0.01 in the coming week. The rise seems exponential when it happens and we're starting from a higher level than the last one. |
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Or neither, maybe he predicts a big rise tomorrow. (I would buy directly)
So it`s impatient and he only now saw that the Wire story is coming. That's not impatience he's trying to buy a lot before and at the beginning of a possible rise and he is not waiting for others to do the same. |
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hallo mr. whale ! i like your big walls on mintpal and cryptsy  gl with it ! The 98 BTC buying order ? I just saw it. Is the whale so stupid or just impatient?
Or neither, maybe he predicts a big rise tomorrow. (I would buy directly) |
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@Simcom Every time you believe that you may have find a flaw with DarkSend but yet you don't seem to totally understand or know about the way it works. Take your time to read the thread, some of your questions and concerns have already been answered long ago.
LOL seriously? The last issue I raised ( https://bitcointalk.org/index.php?topic=421615.msg6459044#msg6459044) was so serious that Evan decided to devote an entire release (RC3) to fix it. I am just trying to help. :/ And you have a very alarmist way of presenting things. Just saying. |
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@Simcom Every time you believe that you may have find a flaw with DarkSend but yet you don't seem to totally understand or know about the way it works. Take your time to read the thread, some of your questions and concerns have already been answered long ago.
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If anyone else wants to panic sell, please PM me. Fiat purchases.
PM me too! me too ! I hope that there are not many like him with that much coins, the slightest gust of wind and they tank the market for nothing. |
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So I have a bit of a confession to make. Maybe you guys already knew this but... Today I figured out that you cannot darksend 101 coins unless you have 1000 coins in your wallet. Just to clarify: when you send 101 coins from address A to address B, you submit 1000 coins into the 1000 coin pool, address B recieves 101 and you receive 899 back at a change address C. Same goes if you want to darkssend 10.1 coins, you need 100 coins in your wallet. If you want to darksend 1.1 coins you need to have 10 coins in your wallet. So back to my confession - when I discovered this issue I panicked a bit and sold 7,000 coins and tanked the market  . Now for the good news, if anyone can come up with an ingenious solution to this problem I'll buy back all of these coins in an instant. Put your thinking caps on  Wow you sold 7k DRK for that  lol !! That's some panic   |
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http://wiki.darkcoin.eu/wiki/Dark_Gravity_WaveDGW or Dark Gravity Wave is an open source difficulty-adjusting algorithm for Bitcoin-based cryptocurrencies that was first used in Darkcoin and has been adopted by other digital currencies.
DGW was authored by Evan Duffield, the developer and creator of Darkcoin, as a response to a time-warp exploit found in Kimoto's Gravity Well while also trying to improve upon the way that difficulty retargeting is being calculated.
In concept, DGW is similar to Kimoto Gravity Well, adjusting the difficulty levels every block (instead of every hundreds of thousands of blocks like Bitcoin) by using statistical data of the last blocks found. In this way block issuing times can remain consistent, despite high fluctuations in hashpower.
Version 2.0 of DGW was implemented in Darkcoin from block 45.000 onwards in order to completely alleviate the time-warp exploit. Version 3.0 of DGW was presented in RC2 of DarkSend to fix issues with various architectures.
Several alt-coins have adopted DGW in order to prevent the time-warp KGW exploit
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two of the main pools knocked out within 24 hrs. Hmmm.
drkpool website ok, no pool
coinmine website down, no pool
Might just be issues preparing for the upcoming fork. There is currently 30GH online, only about 2 GH is p2pool, so there are working pools out there... Recent small price decline is just serious investors shaking the lightweights out. Sorry, I've been out for some days...which fork? |
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"Facts" by cryptohunter, 15 y.o. angry expert in cryptocurrencies. |
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I've been thinking about Litecoin since I noticed a couple of Litecoin moderators and long-term supporters sniffing around.
What are the odds that Litecoin seriously considers taking on the DarkSend open source code and adding it to LTC?
It would make a lot of sense in terms of adding competitive pressure to Bitocoin.
The hard fork requirement is the only sticking point. But given the discussions about Scrypt ASICs and merge mining with Dogecoin, they might take the view that hard forking to avoid ASICs is not worth the risk; but hard forking to add anonymity to beat Bitcoin, and using that opportunity to push out ASICs for another 6-12 months, that might be worth the risks of a hard fork.
The only negative would be a further shift away from bitcoin code. I know that they want to keep litecoin as close to bitcoin as possible.
I don't care about Litecoin or the best strategy for its future. Darkcoin is the only coin I care about (and Bitcoin... to buy more DRK). |
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Internet Money
You said "ecash" and "Internet Money" but how is this related or may substitute the notion of "trustlessness" ? providing an explanation of trustless is something for the user guide - you can put it on a website somewhere. The thing that needs to stick in the memory and come to mind when hovering over the buy button on a merchants store are words like eCash or internet money. Bitcoin has already done a great job on the decentralised explanation and how it relates to trust. We don't need to reinvent that wheel. People just want to know that the product works like cash, but on the internet. Do you trust the money in your pocket? You don't even think about it. You hold it and pass it on. "The only eCash that protects your privacy"  |
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Internet Money
You said "ecash" and "Internet Money" but how is this related or may substitute the notion of "trustlessness" ? |
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trustless
This word confuses most people, they hear it and draw exactly the wrong conclusion. If it's going to be used it needs a few words of explanation along with it. +1 ## The problem is that "trustless" is the single most important aspect of what sets darkcoin apart from dark wallet, zerocoin, and all the other competitors. You only use the language "first anonymous coin" and people say "bullshit". Add another line: [link] What is trustless and why is this important? [/link] or something like that. Write up a short ELI5 article that it points to. The word "trustless" must be followed by a definition, nobody said that it has to disappear, but the people outside bitcointalk have to understand without confusion (trustless != unreliable) what it means. |
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Coin is highly unprofitable atm, I wonder why the difficulty still keeps going up
Expectation of a MUCH higher price in the future. Although maybe still better to mine other coin and sell to buy DRK, not sure... The major problem I see with this, is that if everybody adopts that strategy the offer for that other coin will be quickly greater than the demand and its profitability will decrease. By the time you mine a decent amount, chances are that its value will be very low. Therefore, you don't get that much DRK unless you are among the first to sell. |
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Enjoy your centralized coin mixing website You beat me to it . You have to trust the devs of darkwallet because they can see and record all transactions going through their server. But yet they claim their service to be trustless ... |
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out of curiousity, is there any chance in reducing the block time for 2.5mins? There are alot of coins that have much faster block times now which would lend to be better accepted as a currency for every day purchases in the future.
No. This is wrong and people shouldn't practice it. Bitcoin is fine with 10 minute block as well. why is this wrong. The 10-minute block times that BTC has make it unusable as an everyday currency, no? Who wants to wait that long for an in-store purchase and such? At least DRK's block times are alot lower, but still 2.5mins could be a long time to wait if used as a currency for day-to-day purchases. The time to process a credit card payment can be much longer. not sure where you shop, but usually the credit card processes in 30secs or less where I shop. If you pay attention, often the payment is not yet validated when you receive the first email after checkout, a second email is sent minutes later to confirm the payment.
You are missing something, the payment processors play a role. It is instantaneous for the customer to pay and take his goods, but then the merchant has to wait for VISA/Mastercard/Amex etc for the payment to clear in his bank account and that can take a couple of days. So basically Crypto payment processing companies will come up that will do the waiting to ensure customer and merchant get their stuff right away and charge a fee for the service.
+1 |
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