[PRE-ANN][DRK] Darkcoin

[xazure]

I just want to say good luck. Hope the darkcoin is really dark (horse).

[Ardolafat]

• Total of 100.000.000.000.000.000 DRK will be mined.

Wohohoho

http://www.darkcoin.info/Block+reward
Its even inflationary 

[burnum]

But, but, but, can you be sure this is actually inflation (which I dislike although fb does not have a button for it)?


[I don't even know what that many zero's mean]

[Ardolafat]

[I don't even know what that many zero's mean]

You can become a  Multibillionaire  !

[burnum]

[I don't even know what that many zero's mean]

You can become a  Multibillionaire  !

Not with a descendant that halves rewards, bitcoin is able to cut into its rewards cause it is the initial genesis coin, and so will always bring miners, all the newbies will ultimately fail cause they cannot draw attention like their parent (maybe ltc), halving is BS, makes no economic sense outside  of the class room (this one), To become a Multibillionaire with cryptocurrency a person needs to know trading trends in depth, now I could be wrong, but I tempt you to put in layman's terms how bitcoin or any other coin that halves can sustain someone invested to mine the currency, does not make sense beyond a hypothetical situation.

[McMillan]

• Block 1-10.000.000 will start from 1 to 1000 coins see http://www.darkcoin.info/Block+reward for more information.
• Total of 100.000.000.000.000.000 DRK will be mined.

Oh please don't change it! That would be just a wonderful experiment. It's very interesting how coin price and market cap would behave with such block reward. That's cool idea, I will surely watch your progress.

[kingimg]

no exchage platform has so much 0.0 zero

[Orai]

• Block 1-10.000.000 will start from 1 to 1000 coins see http://www.darkcoin.info/Block+reward for more information.
• Total of 100.000.000.000.000.000 DRK will be mined.

Oh please don't change it! That would be just a wonderful experiment. It's very interesting how coin price and market cap would behave with such block reward. That's cool idea, I will surely watch your progress.

Yes, cool idea. But 100.000.000.000.000.000 is tooooo manyyyyyy)

[Ardolafat]

• Block 1-10.000.000 will start from 1 to 1000 coins see http://www.darkcoin.info/Block+reward for more information.
• Total of 100.000.000.000.000.000 DRK will be mined.

Oh please don't change it! That would be just a wonderful experiment. It's very interesting how coin price and market cap would behave with such block reward. That's cool idea, I will surely watch your progress.

Check out Bernankoin 

[markm]

Didn't infinitecoin or infinitycoin or something like that also have huge numbers of coins/minting?

-MarkM-

[Amph]

not, jus 100 billion, this is trillion lol

[eureka]

I don't undstand the reward schedule.
What's the real amonut of the reward?

[Shadow_Runner]

Must reduce total coins!

[b19292866]

Reduce the total coin

[McMillan]

I was just watching http://www.darkcoin.info/Block+reward and found a typo after 6000000 block.
https://i.imgur.com/gGsbDKr.png

[stompix]

And why not 100 000 ...and so on?
There are already people thinking that bitcoin has stopped growing in price because it's huge value for 1 BTC.

With a few gazillions coins the coin might actually succeed since it's target would be 1$ per coin.
Interesting to watch.

Also , for the people concerned about the years... do you have a clue when will the last btc be mined?

[dE_logics]

This's basically a quark clone, but if you really want success do the following --

1) Extend mining time to a year to a maximum of 2 years.
2) Increase inflation to 0.7% to maybe 1% (better miner incentive).
3) Add transaction comments

And lastly (hard to implement) -- Encapsulate the Bitcoin protocol which Quark uses in TSL.

The no. of coins are good. If any crypto has to come close to the national currency (i.e. sum of all national currencies), it's number must be VERY large cause it's a HUGE economy. People don't like decimals.

Reason for 1) --

Coins with limited but long term supply by mining (like for 6 years or a above) will have inflation for a long time (till all coins have been mined). Will people wait for this much time for it's prices to stabilize? Or will they quit for their national currency? The prices will increase cause of it's popularity + lost coins, and decrease cause of mining activity; agreed these variables will stabilize it's prices for the decade while it's being mined, but there're just too many variables involved; it's like shares, there's a risk from what news comes about the cryptocurrency, and then there's the mining. If it's good news, mining will help stabilize prices, if it's bad then prices will crash faster than expected.

[Manwe]

http://www.darkcoin.info/Block+reward

A shit coin.

[Romyen]

If you launch a new altcoin and want to be taken seriously, then you should justify your design parameters. I cut and pasted this from your website, so I assume it's current:

    Darkcoin is based on Quark Code.
    Super secure hashing: 9 rounds of hashing from 6 hashing functions (blake, bmw, groestl, jh, keccak, skein). 3 rounds apply a random   hashing function.
    CPU mining
    Quick block generation: 40 seconds
    Block 1-10.000.000 will start from 1 to 1000 coins see Block reward for more information.
    1000 DRK per block (halving every 10.000.000 blocks)
    Block reward will never drop below 1 DRK
    Total of 100.000.000.000.000.000 DRK will be mined.
    Difficulty retargets every 20 blocks (maximum 10% up or 50% down)

What trades did you perform to arrive at these specs?

[porcupine87]

Why do people say "interesting" or "I will mine it"? This coin is just a QRK clone with ridiculous numbers. I don't think the creator though one second, what these numbers mean. "Hey, 100.000.000. öhm hm let's put another three 000. wow that is fun 000.000 coins".