[PRE-ANN][DRK] Darkcoin

[CoinPN]

I'm from Norway and I support this! 

Thanks . Where in Norway are you from?

"I'm from a little town by the name Moss" 

[1715062656]

1715062656

[HashHound]

100 trillion coins.... Hmmmmm.

[gamer4156]

Good luck with this, I will definitely throw some hashes at this. I like your block rewards.

[Cryddit]

are you sure that this one is correct?   ===> "Total of 100.000.000.000.000.000 DRK will be mined."

Yes, I had thought that. But I'm open to suggestions .

100 Quadrillion is a lot of coins.  Let me see:  to store that in a 64-bit integer, you'll need to have 5 places of divisibility or less.  IE, DRK can be no more than 100K of its smallest subdivision, where one Bitcoin is 100M Satoshi.  So for starters you'll need to set COIN (in util.h) to 100K instead of 100M, and right under it set CENT to 1K instead of 1M.  

Depending on whether other people have made this change and tested it before, you may have some bugs to hunt in parts of the code that aren't sensitive to those constants and ought to be.

But seriously, why the ever-larger numbers?  It's getting to be a cliche and it's been done so much now that it's become one of the hallmarks of a crapcoin.  Cut a factor of a million off of that and it won't change the way people use it at all.  

The reward halving time is much more important than the number of coins.  If it's more than four years, the coin may be a good long-term investment.  If it's less than half a year (like QRK) the coin may be good for a big pump and dump, but it will not be interesting or valuable after the first few months.

Heh.  Maybe I ought to make a boardgame about pump and dump scams.  It could be interesting...

[Cryddit]

wait.  40 second blocks, reward halving every ten million blocks.

equals 400 million seconds per halving time.

1 year ~= 365.25 days, 24 hours per day, 3600 seconds per hour.  total 31.5576 million seconds. 

400 million / 31.5576 million = 12.6752... years.

So, the reward on this would be halving every 12 years, 8 months, 3 days, 2 hours, 1 minute, and 53.35 seconds?  Approximately? 

Hoooly crap, that's a long distribution schedule. 

So, yes, definitely not a pump and dump.  But dude, are you seriously in this for the next fifty years of your life? 

[Amph]

make it 7 billion, like the number of all the human in the world

use a number that can impress

[Lala]

reserved

[digicoin]

Fuck CPU only coins. Fresh meat to botnets. Insecure network.

[McMillan]

p.s. OMG just noticed:  "Total of 100.000.000.000.000.000 DRK will be mined.". Tell me now, how you suppose this coin to be traded on markets? Do you know that there is no lower prices than 1 satoshi (0.00000001 btc) ? So forget about trading pair DRK/BTC

Traded on markets, you mean, like when? There would be 'only' about 360 million coins in approx. 3 year of existing (haven't made accurate calculations yet), and only god knows when number of coins will reach 100 quadrillion. So trading shouldn't be a real problem in the nearest future.
And I actually see no reason why this coin limit should exist (except to astonish us).

upd: I made a mistake. It actually would be more like 4,5 trillion coins in 3 years. So yes, it would be unacceptable for btc market.

[alyons]

If you would like to pre-reg on a pool, I will have notnull.org up with one once I can compile the wallet. the plumbing is in place already for QRK, so this should be a simple implementation.

http://drk.notnull.org/

Please email me or PM me if you see the code become available: adam@notnull.org

[nurminen1]

Reserved

[Alexander33]

http://i495.photobucket.com/albums/rr318/Andrey33_photos/th_Darkcoin2_zps4b6eea9e.png

Well, my Photoshop skills suck, this was the 2nd version i tried (believe me you don't want to see the first).

[Engineer2B]

I urge you to revise the "no virus" feature of your coin.

[CrytoEnthusiast]

100 trillion coins? Well... damn.

[burnum]

So are you going to go at this alone with no team? or do you have some support in place?

[wonko86]

Join Darkcoin on Google+ 

[sunnyeast]

Reserved

[Orai]

Imagine that your currency became popular. And how to sell it? BTC 0.00000001 per piece? Mined by 2`000`000 2 DRK immediately?
Do all 1`000`000 coins, then they will be the future

[MsCollec]

I'm afraid this might be worthless due to the ridiculous total supply 100.000.000.000.000.000 DRK ?

[bitwho]

what does it mean when people say "reserved"