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Author Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency  (Read 9722511 times)
KryptoFoo
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June 30, 2014, 01:37:19 PM
 #40501


DRK is lacking perspective right now. Markets always search dates/events they can look forward too, but DRK is lacking a bit in that regard.




I agree with this. The team used to be more clear about timelines etc, but now things are more in the dark. I'm hoping for a big announcement soon. Obviously keeping my stash of DRK no matter what, since in the end, price will be >$50.

PR/communications is a weak spot for darkcoin. Luckily the technical side is strong and that is more important but price is a reflection of perceptions as well. Better communication would help remove uncertainty and support the price. Again: I wish that the team would pick up a communications person!!!

This talk of LTC arbitrage, I don't buy it, unless somebody can show that the DRK/LTC market volume has picked up significantly in the last 24h.
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Brilliantrocket
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June 30, 2014, 01:40:47 PM
 #40502

Holy crap, has Litecoin gone down. I knew it would go down, but it's happening sooner than I thought. Making some room for the new #2.
luke997
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June 30, 2014, 01:49:34 PM
 #40503

I don't know why (yet), but I have a feeling we'll have very violent and rapid rebound soon, possibly after an announcement.
romeshomey
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June 30, 2014, 01:51:56 PM
 #40504

Also take into account that a lot of DRK has been being dumped by multipools in the last few days with Darkcoin being the more profitable X11 coin.   That doesn't last forever.

Multipools push the price down, when the coin isn't being gang mined by multi poolers, the price comes back up.
Spratan
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June 30, 2014, 01:52:51 PM
 #40505

Clones think Masternode is a weakness... Cheesy
They can't see behind Anonimity
They still haven't figured out the proof of service and how valuable they are with infinite opportunity to set up new services...

In less than 2 months, we will have a ton of clones with (Replace)nodes again, after they figured out they deceived themselves.

Just found a new one !
Darkcoin's little sister, with projects of LightNodes  Shocked
https://bitcointalk.org/index.php?topic=649890.0

I bought a multiple of 1,000, just in case  Cheesy
JGCMiner
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June 30, 2014, 01:58:04 PM
 #40506


DRK is lacking perspective right now. Markets always search dates/events they can look forward too, but DRK is lacking a bit in that regard.




I agree with this. The team used to be more clear about timelines etc, but now things are more in the dark. I'm hoping for a big announcement soon. Obviously keeping my stash of DRK no matter what, since in the end, price will be >$50.

PR/communications is a weak spot for darkcoin. Luckily the technical side is strong and that is more important but price is a reflection of perceptions as well. Better communication would help remove uncertainty and support the price. Again: I wish that the team would pick up a communications person!!!

This talk of LTC arbitrage, I don't buy it, unless somebody can show that the DRK/LTC market volume has picked up significantly in the last 24h.

Well in the teams defense:
one, the price drop mostly has occurred on the weekend which is when Evan has recently been more quiet -- let's see what happens over the next few days
  
two, I am not sure if we want to brag about non-enforced MNs payments anyway -- especially since 50% of the pools are still non-compliant

and three, given all the problems to date with enforcement -- coming out now and setting dates beyond that is risky (might lead to delays which alway play poorly in the market).

My advice... ignore the price and sit tight.
superplus
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June 30, 2014, 01:58:51 PM
 #40507

I just noticed that the "big" dup of DRK happened about 1 hour after a big rise in BTC today. I looks like someone was worried about missing the next BTC rise and decided to move from DRK to BTC.

If they didn't want to miss the "big BTC rise" then they'd need to move US Dollars into BTC, not DRK since the "rise" you're implicitly referring to is in the BTC / USD market.

DRK is priced in BTC, so there would be no gain from that market to be had from moving DRK to BTC.


You would be correct if the BTC/DRK exchange rate is fixed, but it's not.

Say I have 1DRK when the DRK/BTC exchange rate is 0.015, and the price of BTC is $600, meaning that DRK is worth $9. Now if DRK/BTC goes to 0.014 and in the same period USD/BTC goes to $630, that 1DRK is now worth $8.82. BUT if I had exchanged that 1DRK into BTC when the price was 0.015, I'd have 0.015 DRK, meaning at the new USD/BTC rate of $630, I'd have $9.45.

nonsense
HiddenDark
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June 30, 2014, 02:00:39 PM
 #40508

I just noticed that the "big" dup of DRK happened about 1 hour after a big rise in BTC today. I looks like someone was worried about missing the next BTC rise and decided to move from DRK to BTC.

If they didn't want to miss the "big BTC rise" then they'd need to move US Dollars into BTC, not DRK since the "rise" you're implicitly referring to is in the BTC / USD market.

DRK is priced in BTC, so there would be no gain from that market to be had from moving DRK to BTC.


You would be correct if the BTC/DRK exchange rate is fixed, but it's not.

Say I have 1DRK when the DRK/BTC exchange rate is 0.015, and the price of BTC is $600, meaning that DRK is worth $9. Now if DRK/BTC goes to 0.014 and in the same period USD/BTC goes to $630, that 1DRK is now worth $8.82. BUT if I had exchanged that 1DRK into BTC when the price was 0.015, I'd have 0.015 DRK, meaning at the new USD/BTC rate of $630, I'd have $9.45.

nonsense

Care to explain why?

Beginner’s Guide to Darkcoin www.darkcoinguide.us
HiddenDark
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June 30, 2014, 02:02:05 PM
 #40509

Clones think Masternode is a weakness... Cheesy
They can't see behind Anonimity
They still haven't figured out the proof of service and how valuable they are with infinite opportunity to set up new services...

In less than 2 months, we will have a ton of clones with (Replace)nodes again, after they figured out they deceived themselves.

Just found a new one !
Darkcoin's little sister, with projects of LightNodes  Shocked
https://bitcointalk.org/index.php?topic=649890.0

I bought a multiple of 1,000, just in case  Cheesy

PoS though.

Beginner’s Guide to Darkcoin www.darkcoinguide.us
superplus
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June 30, 2014, 02:04:46 PM
 #40510

I just noticed that the "big" dup of DRK happened about 1 hour after a big rise in BTC today. I looks like someone was worried about missing the next BTC rise and decided to move from DRK to BTC.

If they didn't want to miss the "big BTC rise" then they'd need to move US Dollars into BTC, not DRK since the "rise" you're implicitly referring to is in the BTC / USD market.

DRK is priced in BTC, so there would be no gain from that market to be had from moving DRK to BTC.


You would be correct if the BTC/DRK exchange rate is fixed, but it's not.

Say I have 1DRK when the DRK/BTC exchange rate is 0.015, and the price of BTC is $600, meaning that DRK is worth $9. Now if DRK/BTC goes to 0.014 and in the same period USD/BTC goes to $630, that 1DRK is now worth $8.82. BUT if I had exchanged that 1DRK into BTC when the price was 0.015, I'd have 0.015 DRK, meaning at the new USD/BTC rate of $630, I'd have $9.45.

nonsense

Care to explain why?

moving from drk to btc makes obviously sense in case of a drk downtrend, btc moving up cannot be the reason. It would mean if BTC is on uptrend your loosing money being invested in dark, but thats not the case
ddink7
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June 30, 2014, 02:05:16 PM
 #40511

EDIT (6/28/2014)
New clients have been released and more changes have been made. Current versions are v9.11.5 and v10.11.5. It is important that all solo-miners and pool operators update to the correct clients! Miners make the network work, and as such you need to use the right client versions, stay up to date and keep our blockchain healthy and stable!

You can find the new client software on the official downloads page of www.Darkcoin.io.

https://www.darkcoin.io/getstarted.html

*** PLEASE UPDATE TO 9.11.5 OR 10.11.5 ***


Windows Users:
v9.11.5
v10.11.5

Linux Users:
Ubuntu v10.11.5 GUI Wallet/Client
Ubuntu v10.11.5 Darkcoind Daemon

Mac Users:
v9.11.5 Wallet/Client

https://darkcointalk.org/threads/please-update-your-darkcoin-clients.1602/
New page, bump....
coin101 lets do the shifts, You 00-12, me 12-24 Cheesy

Dash - Digital Cash
https://www.dash.org/
ddink7
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June 30, 2014, 02:11:41 PM
 #40512

With regard to the market, I think one has to consider the following:

1) MN payments are working, but I don't think that was ever really in doubt. After all, they were working properly at the last attempt at a hard fork (June 20) so there isn't any reason to expect that they wouldn't work now. So working MN payments are already priced in.

2) In the near term, the market is waiting for enforcement to go off without a hitch. The spork method is still new and is so far untried, so there is a lot of waiting to see how well that goes.

2a) Too many non-complying pools and bad actors is likely throwing a monkey wrench in planning. People are worried about what will happen without a supermajority consensus. How do we get pools to comply? How do we pull off the actual fork (since that's what enforcement is, essentially) without a very strong consensus? Will checkpointing (and the centralization that it implies) be necessary to pull this off? These questions aren't insoluble, they're just on everybody's mind.

3) Darksend is awesome but as a practical matter isn't particularly useful to anybody due to the 10 DRK limit. Once this is raised or abolished (RC4 presumably), DRK will suddenly become a lot more functional.

4) People are waiting for an announcement of the anonymity enhancements that are coming in RC4.

5) People are waiting for RC5, open source, and beyond.

I think the next steps are: a) get enough pools on board to form a supermajority of good actors, b) turn on enforcement, c) release details on RC4 anonymity enhancements, d) set a tentative date for RC4 testing to begin.

I expect this week we'll see some of those steps coming to pass. It's just a matter of HODLING.

Dash - Digital Cash
https://www.dash.org/
HiddenDark
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June 30, 2014, 02:12:18 PM
 #40513

I just noticed that the "big" dup of DRK happened about 1 hour after a big rise in BTC today. I looks like someone was worried about missing the next BTC rise and decided to move from DRK to BTC.

If they didn't want to miss the "big BTC rise" then they'd need to move US Dollars into BTC, not DRK since the "rise" you're implicitly referring to is in the BTC / USD market.

DRK is priced in BTC, so there would be no gain from that market to be had from moving DRK to BTC.


You would be correct if the BTC/DRK exchange rate is fixed, but it's not.

Say I have 1DRK when the DRK/BTC exchange rate is 0.015, and the price of BTC is $600, meaning that DRK is worth $9. Now if DRK/BTC goes to 0.014 and in the same period USD/BTC goes to $630, that 1DRK is now worth $8.82. BUT if I had exchanged that 1DRK into BTC when the price was 0.015, I'd have 0.015 DRK, meaning at the new USD/BTC rate of $630, I'd have $9.45.

nonsense

Care to explain why?

moving from drk to btc makes obviously sense in case of a drk downtrend, btc moving up cannot be the reason. It would mean if BTC is on uptrend your loosing money being invested in dark, but thats not the case

I think the point I'm really trying to make is DRK has a USD price. DRK moving from 0.015 to 0.014 is not necessarily down in USD. People around here seem to think that nobody looks at the USD price and only the BTC price.

To give another example say I had 1DRK which was worth $10 at 10:00am, while BTC was trading at $600. Then at 6:00pm my DRK was still trading at $10, but BTC had moved to $630.


Beginner’s Guide to Darkcoin www.darkcoinguide.us
superplus
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June 30, 2014, 02:18:01 PM
 #40514

I just noticed that the "big" dup of DRK happened about 1 hour after a big rise in BTC today. I looks like someone was worried about missing the next BTC rise and decided to move from DRK to BTC.

If they didn't want to miss the "big BTC rise" then they'd need to move US Dollars into BTC, not DRK since the "rise" you're implicitly referring to is in the BTC / USD market.

DRK is priced in BTC, so there would be no gain from that market to be had from moving DRK to BTC.


You would be correct if the BTC/DRK exchange rate is fixed, but it's not.

Say I have 1DRK when the DRK/BTC exchange rate is 0.015, and the price of BTC is $600, meaning that DRK is worth $9. Now if DRK/BTC goes to 0.014 and in the same period USD/BTC goes to $630, that 1DRK is now worth $8.82. BUT if I had exchanged that 1DRK into BTC when the price was 0.015, I'd have 0.015 DRK, meaning at the new USD/BTC rate of $630, I'd have $9.45.

nonsense

Care to explain why?

moving from drk to btc makes obviously sense in case of a drk downtrend, btc moving up cannot be the reason. It would mean if BTC is on uptrend your loosing money being invested in dark, but thats not the case

I think the point I'm really trying to make is DRK has a USD price. DRK moving from 0.015 to 0.014 is not necessarily down in USD. People around here seem to think that nobody looks at the USD price and only the BTC price.

To give another example say I had 1DRK which was worth $10 at 10:00am, while BTC was trading at $600. Then at 6:00pm my DRK was still trading at $10, but BTC had moved to $630.



by now drk is mainly traded with btc, usd markets are far to small to define the price..
in your example btc moved up and drk went down, as long as drk went down it makes sense moving to btc. the btc rise is non relevant

the prices on cmc are based on BTC/USD rate
HiddenDark
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June 30, 2014, 02:26:46 PM
 #40515

I just noticed that the "big" dup of DRK happened about 1 hour after a big rise in BTC today. I looks like someone was worried about missing the next BTC rise and decided to move from DRK to BTC.

If they didn't want to miss the "big BTC rise" then they'd need to move US Dollars into BTC, not DRK since the "rise" you're implicitly referring to is in the BTC / USD market.

DRK is priced in BTC, so there would be no gain from that market to be had from moving DRK to BTC.


You would be correct if the BTC/DRK exchange rate is fixed, but it's not.

Say I have 1DRK when the DRK/BTC exchange rate is 0.015, and the price of BTC is $600, meaning that DRK is worth $9. Now if DRK/BTC goes to 0.014 and in the same period USD/BTC goes to $630, that 1DRK is now worth $8.82. BUT if I had exchanged that 1DRK into BTC when the price was 0.015, I'd have 0.015 DRK, meaning at the new USD/BTC rate of $630, I'd have $9.45.

nonsense

Care to explain why?

moving from drk to btc makes obviously sense in case of a drk downtrend, btc moving up cannot be the reason. It would mean if BTC is on uptrend your loosing money being invested in dark, but thats not the case

I think the point I'm really trying to make is DRK has a USD price. DRK moving from 0.015 to 0.014 is not necessarily down in USD. People around here seem to think that nobody looks at the USD price and only the BTC price.

To give another example say I had 1DRK which was worth $10 at 10:00am, while BTC was trading at $600. Then at 6:00pm my DRK was still trading at $10, but BTC had moved to $630.



by now drk is mainly traded with btc, usd markets are far to small to define the price..

When I say USD price I mean calculating it by multiplying USD/BTC x BTC/DRK (e.g. 600 * 0.15 = $9).

in your example btc moved up and drk went down, as long as drk went down it makes sense moving to btc. the btc rise is nonrelevant

When you say that you imply the same gains can be made from holding DRK as holding BTC. I think it's pretty clear that the prices often move independently from each other. The BTC/DRK rate almost always moves down when the USD/BTC rate moves up.

Beginner’s Guide to Darkcoin www.darkcoinguide.us
splawik21
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June 30, 2014, 02:30:17 PM
 #40516

Also take into account that a lot of DRK has been being dumped by multipools in the last few days with Darkcoin being the more profitable X11 coin.   That doesn't last forever.

Multipools push the price down, when the coin isn't being gang mined by multi poolers, the price comes back up.
If other coin can dump drk using their multipool why shouldn't we do the same?Huh
Use our DRK MULTIPOOL @ XPOOL.CA

BE SMART, USE DASH ( ͡° ͜ʖ ͡°)
raganius
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June 30, 2014, 02:40:44 PM
 #40517

(...)
My advice... ignore the price and sit tight.

How can I ignore the price!!! I need more BTC urgent!!! I must buy some cheap DRKs now!!! But how?
I'm desperate already!!!
Oh boy, it sucks to be poor!!!
(i want my masternode so hard, but I can't afford it Sad)
Liquid71
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June 30, 2014, 02:44:33 PM
 #40518

Price is a reflection of the risk involved in forking a coin.

roede94105
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June 30, 2014, 02:47:55 PM
 #40519

Price is a reflection of the risk involved in forking a coin.

*sporking now  Cheesy
Technologov
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June 30, 2014, 02:48:43 PM
 #40520

When I download the Windows binary miner, both Chrome browser and Kaspersky Anti-Virus say there is a virus, and stop it.
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