[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[coins101]

IMO BlackCoin could be serious threat to DarkCoin. As a community we should take it seriously:

1. If BC implement DarkSend, DRK could be doomed
2. BC multipool is going to use X11 (this is already happening, it is just a matter of days)
3. I think that more "average Joe" kind of people will consider DarkCoin just a copy of BC because they will firstly hear about blackcoin, which is a big hype nowdays, and they have great  marketing(Apple is big copy-cat, but people find it innovative ).

Pumps (and dumps) happen in altcoin-land all the time. Stop panicking. And if BC tried to mine DRK, they wouldn't impact price much. The more hashes they contribute, the fewer total coins there will be per day.

+1

Epic pump... make no mistakes, epic dump will follow. There is nothing special warranting that price. Auroracoin anyone?

Pumpers have been slowly buying @ 500-1000 satoshi, then Twitter campaign for a couple weeks and careful buy support to pump slowly.
Only question, is it still a greed phase, or delusion:



Result: With careful sales pumpers can get 50-100 times return.
It's not all bad if the new floor ends up higher than before, just a lot of suckers loosing by buying at high prices and holding.

Looks like blackcoin is following the chart.

Its going down to affordable levels for those that missed out last time  

Wow

[AlexGR]

The chart actually looks (far) better than it is. Right now they are at 6mn marketcap....

11    BlackCoin   $ 6,285,240   $ 0.084356   74,508,168 BC*   $ 2,144,237   -48.81 %

The market cap rankings are a sea of +20-50%'s right now, with the exception of DRK, VTC, and XCP (a technologically innovative non-fork coin that implements financial instruments).

Zeta and BC are like -40 / -50... fundamentals kicking in...

[kaene]

Let's say I have 25k DRK, and I want to use them to setup some masternodes, I could setup them as these 3 options:

- 1x masternode with 25k DRKs, what means I have 25 tickets for the next masternode selection lottery.
- 5x masternodes of 5k coins each
- 25x masternodes of 1k coins each

I guess the 3rd option would be more helpful for the network, because there would be 25 extra masternodes instead of 5 or 1, what means a healthier network, but if I look at it from my personal gain, is there any benefit in having that 3rd solution instead of the 2nd or 1st one?



Now, from the security point of view, let's say that my wallet has a very difficult password (100% random 200+ chars), and I have a backup of the wallet.dat file, then someone hacks into my server and gets total access. If they are unable to find out my password, is there anyway they could steal my coins or profit anyhow from it? I guess the answer is not, but I want to be 101% sure.

[eizh]

Wow

That actually doesn't illustrate the magnitude of the drop since it's one day behind. It's currently at 6 million market cap.

There are no lessons to be learned from BC. Another generic pump and dump coin.

[eizh]

Let's say I have 25k DRK, and I want to use them to setup some masternodes, I could setup them as these 3 options:

- 1x masternode with 25k DRKs, what means I have 25 tickets for the next masternode selection lottery.
- 5x masternodes of 5k coins each
- 25x masternodes of 1k coins each

I guess the 3rd option would be more helpful for the network, because there would be 25 extra masternodes instead of 5 or 1, what means a healthier network, but if I look at it from my personal gain, is there any benefit in having that 3rd solution instead of the 2nd or 1st one?



Now, from the security point of view, let's say that my wallet has a very difficult password (100% random 200+ chars), and I have a backup of the wallet.dat file, then someone hacks into my server and gets total access. If they are unable to find out my password, is there anyway they could steal my coins or profit anyhow from it? I guess the answer is not, but I want to be 101% sure.

As I understand, the total gain from all master nodes is constant. Your personal gain is proportional to the fraction of masternodes owned by you, so yes, option #3 has the highest profits. The gain is slightly less than linear with the number of masternodes since you're increasing the total number of them.

[luke997]

(...) If BC taught us anything, it should be that big players will step in once we're out of beta. It will come and when it does it will be something to behold.

can pump any coin 80000% and drop the hammer on those naive enough to buy after pre-pump and holding.

Fixed  

This one was epic, pumpers have made thousands BTCs.
I was following it on Twitter ever since announced @1000-2000 sat, never imagined it'll go above 10000.

[Acidyo]

Wow

That actually doesn't illustrate the magnitude of the drop since it's one day behind. It's currently at 6 million market cap.

There are no lessons to be learned from BC. Another generic pump and dump coin.

I knew it ever since the start. Now there are dozens of new "POW" coins coming along, there even is Whitecoin which is an exact replica. It's basically a gamble in which the big btc holders control the market and steal coins to investors giving it a shot. Imagine how many people lost btc during the BC pump and dump, yet they never learn. :/

[splawik21]

oh an hash is down to 10 ghs from 19 last week. thats 50% LOSS in 1 week.

Hmmm

http://scr.hu/1ame/v3kiy - thats 77% GROWTH in 1 day

[kaene]

Let's say I have 25k DRK, and I want to use them to setup some masternodes, I could setup them as these 3 options:

- 1x masternode with 25k DRKs, what means I have 25 tickets for the next masternode selection lottery.
- 5x masternodes of 5k coins each
- 25x masternodes of 1k coins each

I guess the 3rd option would be more helpful for the network, because there would be 25 extra masternodes instead of 5 or 1, what means a healthier network, but if I look at it from my personal gain, is there any benefit in having that 3rd solution instead of the 2nd or 1st one?



Now, from the security point of view, let's say that my wallet has a very difficult password (100% random 200+ chars), and I have a backup of the wallet.dat file, then someone hacks into my server and gets total access. If they are unable to find out my password, is there anyway they could steal my coins or profit anyhow from it? I guess the answer is not, but I want to be 101% sure.

As I understand, the total gain from all master nodes is constant. Your personal gain is proportional to the fraction of masternodes owned by you, so yes, option #3 has the highest profits. The gain is slightly less than linear with the number of masternodes since you're increasing the total number of them.

Unless I'm mistaken you get 1 ticket for every 1k DRKs in your masternode, meaning that if you have 2k coins and I have 1k you have twice my possibilities to be selected, isn't it like this?

[kaene]

Wow

That actually doesn't illustrate the magnitude of the drop since it's one day behind. It's currently at 6 million market cap.

There are no lessons to be learned from BC. Another generic pump and dump coin.

I knew it ever since the start. Now there are dozens of new "POW" coins coming along, there even is Whitecoin which is an exact replica. It's basically a gamble in which the big btc holders control the market and steal coins to investors giving it a shot. Imagine how many people lost btc during the BC pump and dump, yet they never learn. :/

This really helps anyone to see the pump&dump properly:



But hey, it will go back up, it's a good short term investment, until the guys playing with the coin jump into the next one.

[coins101]

I was just surprised at how close the BC chart was to the generic pump and dump chart 

[illodin]

Exactly the same thing would happen to darkcoin if a p&d team with lots of BTC to play with would decide to target it so I don't know what's there to lol about.

[CHAOSiTEC]

Note to CHAOSiTEC

bro i sent drk to your dice site... after 4 hours im not getting anything

ill look into it

[thelonecrouton]

Exactly the same thing would happen to darkcoin if a p&d team with lots of BTC to play with would decide to target it so I don't know what's there to lol about.

Not sure the big fish would find enough willing sellers to achieve the same effect. I'm not selling mine for less than £10 each and even then I'd be negotiating them ever upward while thinking hard about it...  

edit: nah, would have to be at least £50 each. At this moment in time.




I think I just talked myself into further investment...

[Xdragon]

I was just surprised at how close the BC chart was to the generic pump and dump chart 

while we make fun of blackcoin, mintpal is going to introduce bc market. first treading pair will be bc/doge

[illodin]

Not sure the big fish would find enough willing sellers to achieve the same effect.

If that would be true then it would also be true that a medium sized fish could 10x the market cap and we would all of a sudden be rich!

[thelonecrouton]

I was just surprised at how close the BC chart was to the generic pump and dump chart 

while we make fun of blackcoin, mintpal is going to introduce bc market. first treading pair will be bc/doge

Is that not also comical?

[Kartoff]

So if P&D come here what all of you will do ? How will you determine what is the proper reaction in such circumstances ?

[coins101]

So if P&D come here what all of you will do ? How will you determine what is the proper reaction in such circumstances ?

it would shake the apples from the tree and the distribution would be wider.

[Xdragon]

I was just surprised at how close the BC chart was to the generic pump and dump chart 

while we make fun of blackcoin, mintpal is going to introduce bc market. first treading pair will be bc/doge

Is that not also comical?

It is indeed , it will be interesting to see two p&d coins together