trademark
Legendary
 Offline
Activity: 1932
Merit: 1003
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May 23, 2014, 04:50:29 PM |
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Watch out if the 0.0255 buy wall falls, panic might follow
lol I don't want to spread FUD at all, just saying it might be a time to stay awake and watch carefully, nasty candle. I'm FAR from an expert though, I'm the guy who held 3K coins since the beginning and sold 3 weeks ago 2k coins right before the explosion The current price must be killing you. lol Stop spreading FUD. |
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Ozziecoin
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May 23, 2014, 04:52:02 PM |
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People the time to trade is when darkcoin's marketcap > litecoin's marketcap. Before then, you are CRAZY for selling. CRAAAAZZZZYYYY!!!
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Kai Proctor
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May 23, 2014, 04:53:52 PM |
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Watch out if the 0.0255 buy wall falls, panic might follow
lol I don't want to spread FUD at all, just saying it might be a time to stay awake and watch carefully, nasty candle. I'm FAR from an expert though, I'm the guy who held 3K coins since the beginning and sold 3 weeks ago 2k coins right before the explosion No no it's not for that, I just visualized the image below when you were saying that.  The actual price is tempting for some, so they sell. New blood will enter the game, or some will buy more. |
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TanteStefana2
Legendary
Offline
Activity: 1260
Merit: 1001
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May 23, 2014, 04:57:34 PM |
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This is hard for me to say, because I don't want to be responsible for encouraging people, then if things go wrong, I'd feel bad. BUT, the I honestly think the reason Darkcoin is going up in value all of a sudden is simply because people, having suddenly discovered us, are spreading the word and demand is exponentially growing.
Why are they spreading the word? Well, here are a few reasons why Darkcoin is different off the top of my head:
#1 Because we have an incredible, non-anonymous developer that has done so much in so little time.
2. Our Developer has dedicated the next two years of his time to the continued development of this coin (not just maintenance)
3. Because Darkcoin with Darksend is VERY anonymous right now, however our developer tells us he will implement RC3 "right after the fork" which is supposed to be completely anonymous without the use of ring signature (which cause blockchain bloat)
4. Darksend employs a system of Masternodes. The plan is to have these masternodes do more than conceal transactions. They will also have many functions beyond that in the future such as serving up the blockchain so that users can all use lightweight wallets, yet the masternodes will keep the blockchain decentralized at the same time.
5. There is a list of ideas people have for the Masternodes, such as an ebay/etsy system built as a decentralized community policed system (for protection of the Masternode holders, to keep illegal activity off the system) An escrow system, encrypted messages, etc...
6. The services above could charge a minor fee to pay the masternodes for their extra service. Some services might need to be mandatory to run, others may not have to be mandatory to run. Fees would encourage people to run extra services.
So you can see, there is an amazing future for Darkcoin, that covers many aspects of an economy. Support for private trade, escrow, communication and true ecash that can not be traced by prying eyes, giving users more personal security from thieves and worse.
So is Darkcoin worth the price?
This guy's misuse of the term Ponzi scheme makes me cringe.  A lot of outsiders, like my mother, can't seem to wrap their heads around crypto currency. It's not a pyramid scheme if it's providing a service. Bitcoin, and Darkcoin provide a real service for real people all over the world. Cheap transportation of wealth from one point to another, above all else. It's the same service all moneys have provided since time began, only it kills the middle man (banks, governments, etc...) and keeps the movement cheap (very minimal fees are charged, if at all) and free from government manipulation. And governments are truly powerless against this new technology. Until fiat is extracted from the system. That is when a person/user enters back into the realm of Government territory. |
Another proud lifetime Dash Foundation member  My TanteStefana account was hacked, Beware trading "You'll never reach your destination if you stop to throw stones at every dog that barks."Sir Winston Churchill BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d |
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georgem
Legendary
Offline
Activity: 1484
Merit: 1007
spreadcoin.info
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May 23, 2014, 04:57:38 PM |
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good support at 0.0225.
I will buy then
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HinnomTX
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May 23, 2014, 04:58:10 PM |
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Why is it that darkcoin keeps rising? I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  .) I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful. As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up. So its a giant ponzi scheme where you keep investing to make more money? I'm not trying to knock darkcoin at all, but I'm just not getting the end game. (1) Earn DRK by helping the network, make it more secure (2) Reduce the currency in circulation (3) Increase the value of a DRK => What you earn have more value. You always keep your DRK you just "lock" them to run a masternode and you can cash out at anytime, but no more masternode and passive earning. Good explanation. Eventually the market will find a number of master nodes AND a price for DRK which sets a value for the passive income achieved by owning a master node vs. the cost of owning at least 1000 DRK and maintaining the master node. This is essentially an interest rate that the market will sort out. It's highly likely that the barrier to entry (currently $12700 per node) and the number of master nodes (~80) will move higher before we get there. |
"One can only solve so much with cryptography. The rest of the solution will prove to be economic in nature." -Evan Duffield Dash is Digital Cash. https://www.dash.org |
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roede94105
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May 23, 2014, 04:58:19 PM |
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Watch out if the 0.0255 buy wall falls, panic might follow
lol I don't want to spread FUD at all, just saying it might be a time to stay awake and watch carefully, nasty candle. I'm FAR from an expert though, I'm the guy who held 3K coins since the beginning and sold 3 weeks ago 2k coins right before the explosion No no it's not for that, I just visualized the image below when you were saying that. The actual price is tempting for some, so they sell. New blood will enter the game, or some will buy more. It seems you are right. I'm just afraid of what happened to me with vert coin, where an enormous rise in price was not backed up by solid buy walls and demand. I guess I'm just bad, I'll hold my 1k and see where it is in a few months. Let's take the risk |
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alwa1
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May 23, 2014, 04:59:35 PM |
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unfair, price is down and mintpal does not work for me  |
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TsuyokuNaritai
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May 23, 2014, 05:11:08 PM |
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No need to take such desperate measures!  Try refreshing the page. |
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TanteStefana2
Legendary
Offline
Activity: 1260
Merit: 1001
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May 23, 2014, 05:11:20 PM |
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A lot of outsiders, like my mother, can't seem to wrap their heads around crypto currency. It's not a pyramid scheme if it's providing a service. Bitcoin, and Darkcoin provide a real service for real people all over the world. Cheap transportation of wealth from one point to another, above all else. It's the same service all moneys have provided since time began, only it kills the middle man (banks, governments, etc...) and keeps the movement cheap (very minimal fees are charged, if at all) and free from government manipulation. And governments are truly powerless against this new technology. Until fiat is extracted from the system. That is when a person/user enters back into the realm of Government territory.
Sorry for quoting myself, but I want to continue this thought and so many posts come up between. So why does the price increase? And how far will the price go? In very basic terms, you have to understand that 4 million coins for people to use is so few! Think of all the guest workers that send money home via Western Union at over 10% fees. Think of the incentive to learn to use this system! The poorest people are raped by businesses every day, yet they make up a huge percentage of the population. The biggest hurdle for these people is access. Converting fiat into coin. But this can easily be overcome by accepting payment in coin, or services (which would hopefully charge a heck of a lot less than WEstern Union) etc... That's only one service sector. coins also become a place to store wealth where government's taxation by inflation can't touch it. You risk the market price of the coin this way more. However, once the price of coins stabilize, coins will make an excellent place to store wealth. (already does) And there are many other uses that will become more dominant, but remember, there are only so many coins, so many that will be mind over time, and demand will increase as coins become more accepted. This is truly the biggest technology of the early 21st century! |
Another proud lifetime Dash Foundation member My TanteStefana account was hacked, Beware trading "You'll never reach your destination if you stop to throw stones at every dog that barks."Sir Winston Churchill BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d |
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splawik21
Legendary
Offline
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
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May 23, 2014, 05:16:20 PM |
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I don't do daytrading anymore. If it needs correction ok give it a time. Let it breath before it start rising again.
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BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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elviselvis101
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May 23, 2014, 05:16:52 PM |
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A lot of outsiders, like my mother, can't seem to wrap their heads around crypto currency. It's not a pyramid scheme if it's providing a service. Bitcoin, and Darkcoin provide a real service for real people all over the world. Cheap transportation of wealth from one point to another, above all else. It's the same service all moneys have provided since time began, only it kills the middle man (banks, governments, etc...) and keeps the movement cheap (very minimal fees are charged, if at all) and free from government manipulation. And governments are truly powerless against this new technology. Until fiat is extracted from the system. That is when a person/user enters back into the realm of Government territory.
Sorry for quoting myself, but I want to continue this thought and so many posts come up between. So why does the price increase? And how far will the price go? In very basic terms, you have to understand that 4 million coins for people to use is so few! Think of all the guest workers that send money home via Western Union at over 10% fees. Think of the incentive to learn to use this system! The poorest people are raped by businesses every day, yet they make up a huge percentage of the population. The biggest hurdle for these people is access. Converting fiat into coin. But this can easily be overcome by accepting payment in coin, or services (which would hopefully charge a heck of a lot less than WEstern Union) etc... That's only one service sector. coins also become a place to store wealth where government's taxation by inflation can't touch it. You risk the market price of the coin this way more. However, once the price of coins stabilize, coins will make an excellent place to store wealth. (already does) And there are many other uses that will become more dominant, but remember, there are only so many coins, so many that will be mind over time, and demand will increase as coins become more accepted. This is truly the biggest technology of the early 21st century! Hi, can you explain about 4 million coins, it says 22 million and 7% decrease in the number of coins generated per year, on page 1. Thanks |
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luke997
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May 23, 2014, 05:19:10 PM |
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A lot of outsiders, like my mother, can't seem to wrap their heads around crypto currency. It's not a pyramid scheme if it's providing a service. Bitcoin, and Darkcoin provide a real service for real people all over the world. Cheap transportation of wealth from one point to another, above all else. It's the same service all moneys have provided since time began, only it kills the middle man (banks, governments, etc...) and keeps the movement cheap (very minimal fees are charged, if at all) and free from government manipulation. And governments are truly powerless against this new technology. Until fiat is extracted from the system. That is when a person/user enters back into the realm of Government territory.
Sorry for quoting myself, but I want to continue this thought and so many posts come up between. So why does the price increase? And how far will the price go? In very basic terms, you have to understand that 4 million coins for people to use is so few! Think of all the guest workers that send money home via Western Union at over 10% fees. Think of the incentive to learn to use this system! The poorest people are raped by businesses every day, yet they make up a huge percentage of the population. The biggest hurdle for these people is access. Converting fiat into coin. But this can easily be overcome by accepting payment in coin, or services (which would hopefully charge a heck of a lot less than WEstern Union) etc... That's only one service sector. coins also become a place to store wealth where government's taxation by inflation can't touch it. You risk the market price of the coin this way more. However, once the price of coins stabilize, coins will make an excellent place to store wealth. (already does) And there are many other uses that will become more dominant, but remember, there are only so many coins, so many that will be mind over time, and demand will increase as coins become more accepted. This is truly the biggest technology of the early 21st century! Hi, can you explain about 4 million coins, it says 22 million and 7% decrease in the number of coins generated per year, on page 1. Thanks |
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elviselvis101
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May 23, 2014, 05:20:45 PM |
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A lot of outsiders, like my mother, can't seem to wrap their heads around crypto currency. It's not a pyramid scheme if it's providing a service. Bitcoin, and Darkcoin provide a real service for real people all over the world. Cheap transportation of wealth from one point to another, above all else. It's the same service all moneys have provided since time began, only it kills the middle man (banks, governments, etc...) and keeps the movement cheap (very minimal fees are charged, if at all) and free from government manipulation. And governments are truly powerless against this new technology. Until fiat is extracted from the system. That is when a person/user enters back into the realm of Government territory.
Sorry for quoting myself, but I want to continue this thought and so many posts come up between. So why does the price increase? And how far will the price go? In very basic terms, you have to understand that 4 million coins for people to use is so few! Think of all the guest workers that send money home via Western Union at over 10% fees. Think of the incentive to learn to use this system! The poorest people are raped by businesses every day, yet they make up a huge percentage of the population. The biggest hurdle for these people is access. Converting fiat into coin. But this can easily be overcome by accepting payment in coin, or services (which would hopefully charge a heck of a lot less than WEstern Union) etc... That's only one service sector. coins also become a place to store wealth where government's taxation by inflation can't touch it. You risk the market price of the coin this way more. However, once the price of coins stabilize, coins will make an excellent place to store wealth. (already does) And there are many other uses that will become more dominant, but remember, there are only so many coins, so many that will be mind over time, and demand will increase as coins become more accepted. This is truly the biggest technology of the early 21st century! Hi, can you explain about 4 million coins, it says 22 million and 7% decrease in the number of coins generated per year, on page 1. Thanks Ahe, I see, Currently 4 million in use, lets mine the rest -Very nice wiki. |
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thelonecrouton
Legendary
Offline
Activity: 966
Merit: 1000
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May 23, 2014, 05:26:09 PM |
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Masternodes, please restart!
I've noticed some nodes popping in and out of the masternode lists. I'd like all of the masternodes to follow these instructions to see if the problem gets fixed
1.) stop the daemon
2.) update to 10.8.6 if you haven't
3.) add "maxconnections=200" to your configuration
4.) wait ten minutes (it MUST be ten minutes! This will allow the masternode election entry to propagate)
5.) start the daemon and turn on the masternode
bump, plus should this have gone out on the mailing list? |
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TanteStefana2
Legendary
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Activity: 1260
Merit: 1001
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May 23, 2014, 05:26:24 PM |
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Hi, can you explain about 4 million coins, it says 22 million and 7% decrease in the number of coins generated per year, on page 1.
Thanks
Yes, I was just trying to explain why the price was going up right now. Demand should easily outpace mining the next 50 years or more. In fact, because of the variable rewards, it looks like the final number of coins will be more like 19 million rather than 22. |
Another proud lifetime Dash Foundation member My TanteStefana account was hacked, Beware trading "You'll never reach your destination if you stop to throw stones at every dog that barks."Sir Winston Churchill BTC: 12pu5nMDPEyUGu3HTbnUB5zY5RG65EQE5d |
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