Any bounties for DRK if I could get a big crypto merchant to accept it? I'm asking because A: I like where this currency is going and B: I cant seem to mine fast enough so a bounty would help jumpstart...and I know a few owners.
Can you give a more specific example of the type of merchant we're speaking of? Basically a merchant that sells everything from digital gift cards to computers to ps4's. A full service crypto merchant. Cool. What kind of bounty would make that worth your while? 30-40 Darkcoins, should be fine. I will have to sell it to the owner so it's payment for time haggling with him. He's a great guy but nervous of risk so basically the bounty would be for that. I have access to media as well so whoever pays the bounty I will credit them in this thread and the darkcoin Reddit if they like. I'd be willing to put up 30. OK I'm a big fan of transparent donations so as soon as the 30 bounty is paid I will post here and if you are on reddit will announce your contributions to furthering darkcoin there if you like as well. Once paid I'm getting right to work. You can use the address right in my sig. Sorry for not being more clear, but I'll pay the bounty if/when you're successful. |
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Any bounties for DRK if I could get a big crypto merchant to accept it? I'm asking because A: I like where this currency is going and B: I cant seem to mine fast enough so a bounty would help jumpstart...and I know a few owners.
Can you give a more specific example of the type of merchant we're speaking of? Basically a merchant that sells everything from digital gift cards to computers to ps4's. A full service crypto merchant. Cool. What kind of bounty would make that worth your while? 30-40 Darkcoins, should be fine. I will have to sell it to the owner so it's payment for time haggling with him. He's a great guy but nervous of risk so basically the bounty would be for that. I have access to media as well so whoever pays the bounty I will credit them in this thread and the darkcoin Reddit if they like. I'd be willing to put up 30. |
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I wouldn't call us an underdog. I'd call us a 1st round draft pick currently in the minor leagues building up our skill set. Once we prove we can hit, we'll be in the major leagues making the big bucks with tons of groupies to choose from. |
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Any bounties for DRK if I could get a big crypto merchant to accept it? I'm asking because A: I like where this currency is going and B: I cant seem to mine fast enough so a bounty would help jumpstart...and I know a few owners.
Can you give a more specific example of the type of merchant we're speaking of? Basically a merchant that sells everything from digital gift cards to computers to ps4's. A full service crypto merchant. Cool. What kind of bounty would make that worth your while? |
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Any bounties for DRK if I could get a big crypto merchant to accept it? I'm asking because A: I like where this currency is going and B: I cant seem to mine fast enough so a bounty would help jumpstart...and I know a few owners.
Can you give a more specific example of the type of merchant we're speaking of? |
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Auroracoin does not sound like a coin desiring world wide acceptance.
Giving free coins to Icelanders is very nice but does nothing to endear itself to the global community.
I don't think Auroracoin is so much looking for worldwide adoption, but instead change the economic landscape of Iceland itself. Those that are looking for profit would likely do exactly that if it was indeed widely accepted in Iceland. I wish Auroracoin the best. If it can exist and thrive in a very small ecosystem of 330,000 people; more power to it. Its all good. The thing is, no currency except hyper-local currencies only exist in a small ecosystem. The Icelandic Krona is currently traded all over the world. |
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I'm definitely holding some Darkcoin for the long term. I have mined this coin a little bit and do like the fundamentals, but have a general question or two.
I may be wrong, but didn't the developers say they plan to opensource the 'darksend' tech? If so, wouldn't that seem counter-intuitive to making this coin unique?
How does Darkcoin differ from Zerocoin? Well, besides the obvious, that Zerocoin hasn't been released yet.
You can't have anonymous technology and it be closed source in this day and age. People wouldn't trust it. As for Darkcoin versus Zerocoin, the developer of Darkcoin recently commented on exactly that: I’ve heard some chatter and misconceptions about the difference between Darkcoin vs Zerocoin, so here’s a write up about the pros and cons of each approach and what they do differently. Darkcoin First off, most people start by asking is DarkSend actually real and does it work? Yes! Checkout the development progress here: https://bitcointalk.org/index.php?topic=467857.0DarkSend is based off of Greg Maxwells original idea called Coinjoin, with some added improvements and decentralization. The decentralized approach is important because the logic is self contained in the client, which is managed by the users themselves. This is a trustless solution. Darkcoin uses the base transaction layer to sign it’s transactions in much the same way that Bitcoin does. The mathematics are tried and true and have been used for years in computer security and banking. Transactions will be grouped together and the same cost as sending transactions on the normal network. Both DarkSend and normal transactions will be available to choose from, but at some point we might default to DarkSend (and go Dark). It’s also worth noting that this approach doesn’t bloat the blockchain at all either. Transactions are the same size as the would have been. Zerocoin The approach Zerocoin takes is to use some exotic mathematics to hide the identity with a zero-knowledge proof. This allows a higher quality of anonymity, but also could have some unforeseen hole that will be exploited later. Checkout this link to see the mathematics I'm talking about: https://github.com/Zerocoin/libzerocoin/blob/master/AccumulatorProofOfKnowledge.cppZerocoin's proof of work is in the 2kb range, which was reduced from 1024kb in Mathew Green’s original work. These proofs must be stored in the blockchain for each transaction that goes through the network for confirmation purposes and the ledger history, so this will cause a lot of bloat. There is also a need for these proofs to be processed by the networks nodes, being larger will cause more intense CPU usage with smaller transaction rates. The spec for Zerocoin also requires a 100% premine. I believe mining is what gives cryptocurrency their base value, so this could be a problem for the currency in the long haul. With the high CPU usage, how will the network deal with DDOS attacks? I could send bad proofs that must be processed. It’s much harder with the Bitcoin protocol because the math is pretty fast and you would be banned quickly. Imagine if Zerocoin had to deal with 20 transactions a minute, that would be 58.98MB/day that will be added to the blockchain. After a year, that would add up to 21.5GB. Now god forbid you have to reindex this, you’ll have to process all of the proofs on your computer? That might take another year to complete. --- I think the Darkcoin approach has the best mix of features, with the least risk and it’s decentralized. So we definitely have our place in the market. References: Coinjoin spec: https://bitcointalk.org/index.php?topic=279249.0;all |
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Auroracoin does not sound like a coin desiring world wide acceptance.
Giving free coins to Icelanders is very nice but does nothing to endear itself to the global community.
I don't think Auroracoin is so much looking for worldwide adoption, but instead change the economic landscape of Iceland itself. Those that are looking for profit would likely do exactly that if it was indeed widely accepted in Iceland. |
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The people of Iceland have one of the highest standards of living in the world, so no need to buy a scam coin on their behalf.
And $100 in Iceland is hardly anything anyway. It is also one of the most expensive countries in the world.
The people of Iceland are not smart of rebellious. They are regular people and quite conservative. Please read about the Iceland economic crisis here: https://en.wikipedia.org/wiki/2008%E2%80%9311_Icelandic_financial_crisisAnd pay special attention to points like this: By mid-2012 Iceland was regarded as one of Europe's recovery success stories. It has had two years of economic growth. Unemployment was down to 6.3% and Iceland was attracting immigrants to fill jobs. Currency devaluation effectively reduced wages by 50% making exports more competitive and imports more expensive. Ten year government bonds were issued below 6%, lower than some of the PIIGS nations in the EU (Portugal, Italy, Ireland, Greece, and Spain). Tryggvi Thor Herbertsson, a member of parliament, noted that adjustments via currency devaluations are less painful than government labor policies and negotiations. Nevertheless, while EU fervor has cooled the government continued to pursue membership. Not only are the Icelandic people facing steep inflation, but currency devaluations as well. How would you feel if your currency was devalued 50% AND you had to pay more for goods? And many are concerned it will continue. Cryptocurrency takes that power away from the Banking cartels. I agree $100 is little in the grand scheme of things just as it wouldn't go very far in the USA or Europe. But if Auroracoin is widely adopted, I suspect that valuation would increase exponentially. Auroracoin is anything but a scamcoin. It is a developer working hard to enact meaningful change. It's sad that all the scamcoins around here can clouded people's views but I do understand why. |
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Thanks. If Auroracoin is successful, it truly sets the stage for other cryptocurrencies to replace traditional means of payment. And the publicity it would generate for cryptocurrencies would be incredible.
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Interesting! Will it be open source?
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Why is there such a low volume on exchanges for this coin? Only about 5 BTCs on MintPal. According to my calculation, there should be about 120 BTCs worth of this coin in circulation right now (at 2 satoshis).
I have 1 BTC worth of it. I think there's a lot of people holding it in hopes it will go up once the massive quantity of coins flooding out slows down. |
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Please add Auroracoin
Agreed. In my opinion, Auroracoin may be the single most exciting coin of 2014 thus far. That 50% of it was premined to give to the 350,000 people of Iceland and that the developer has a fair, efficient way to do it, is amazing. This coin may literally become THE currency of a small island nation. The people of Iceland have shown that they are sick of the global economic house of cards and have had the strength to buck the trend. At the current value of Auroracoin, each person in Iceland will be getting over $100.00 in coins. However, the Icelandic "Airdrop" will not be happening until early March and I suspect that $100.00 in coins will be worth more by then. If YOU were offered $100+ for free, would you take it? This is super exciting and I'd love to see the coin on Coinmarketcap.com so we can watch what happens. Thank you for your consideration. |
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This is an EXTREMELY interesting coin to me.
Bulduro:
1. I agree that implementing Kimoto's Gravity Well is VERY important. Yes, adjustment time between blocks is low, but I have seen whales increase difficulty so much then leave that the amount of miners left couldn't solve a block. If this coin becomes what I hope it will, then some organizations will look for ways to attack it. Not having KGW is one way they could.
2. Can you tell me:
A. Time between blocks. Looks to be around 4 minutes?
B. Block reward structure . 25 coins right now? Does that increase or decrease or stay the same? Have you worked out the date the last coin will be mined?
Thank you!
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How is it superior?
On the technology front, Darksend is based upon CoinJoin which you can read about here: https://bitcointalk.org/index.php?topic=279249.0On the marketing front, we're not named Fedora Coin and don't have to go to other people's threads to try and get people to buy our dying coin. *facepalm* If I hadn't read about the non existing mixing service of DRK in other threads, I wouldn't be here. You do realize that we can view your post history which shows tons of post in Fedora Coin's thread and this being your first here, correct? That was a good comeback, lol. I'm not taking sides just yet.
Considering all your posts in the Fedora Coin thread, I suspect I know which side you're going to be on. To the person saying we should be hyping Darkcoin, THIS is why we don't hype Darkcoin. All you do is leave a negative connotation with your coin. If your coin is truly good, it's going to perform well in the long term. If it's crap, well, you can put all the strawberry jam you want on a giant dog crap but the fact is, you're still eating crap. Maybe some of these guys coming from the Fedora Coin thread will wise up, dump their dying coin while they can, and get in early on Darkcoin (as we're still VERY early) instead of just embarrassing themselves. |
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How is it superior?
On the technology front, Darksend is based upon CoinJoin which you can read about here: https://bitcointalk.org/index.php?topic=279249.0On the marketing front, we're not named Fedora Coin and don't have to go to other people's threads to try and get people to buy our dying coin. |
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Guys you are all in the dark! Tipscoin already has the mixer/enrypted transactions that darkcoin is supposedly working on! Stop speculating on the last horse to leave the starting line! lol It was released yesterday... fully integrated wallet mixer. Tipscoin (aka fedoracoin) version 0.6 check it out at http://fedoraco.in/, cheers! BRB gonna go market Darkcoin in the Tips thread which should be easy considering Darksend is far superior to a mixer. Heh. |
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Is the hype dying out now?
This isn't a coin we need to hype. We're letting the qualities of the coin and the developers speak for itself. Word will get around on its own. Most of us are in this for the long term, not pump and dump like most coins as we understand what we have here. I understand and agree with you but VTC had good tech and they were also and they have been forgotten about, a little hype is needed for a coins survival, what's to stop another coin coming along like this with a better marketing strategy and just taking the spotlight. Vert has nice developers and asic resistance is good I guess but what does the coin bring me as a user? Completely agree and that's true but it's not the point I'm making, just because a coin has decent tech doesn't mean it's going to survive, Doge is just a clone and that's getting thousands of people daily because of hype. I do think this coin is a likely contender for top 5 cryptos but people need to know about it and there needs to be a little hype. Spread the word man. It cant hurt. Dont shove it down peoples throats though LOL There is a reverse psychology effect when you promote a coin (and especially if you are doing it aggressively or shoving it which is totally the wrong way). People think you are trying to scam them to buy in in a pyramid scheme where you'll dump your coins on them. On the other hand, people will value what they themselves assessed as something that is worthy of their time, mining efforts or money (as investors). Exactly. I'm an investor. I don't mine. I'm buying a few different coins for the longer term. Darkcoin is one of only a few coins out there that fit my very strict criteria. While I am no Warren Buffet, you don't see Warren Buffet out hyping his stocks. He buys quality stocks based upon strict criteria as he knows that the probability for appreciation over the longer term is very high. He doesn't need to convince others to buy those stocks because the stocks will speak for themselves over time. More than hype, this coin could use various user-friendly guides and information to help those who want to adopt it to do so. A percentage of people are having trouble and we want to reduce that barrier to entry. |
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