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

[g4q34g4qg47ww]

What is your fucking problem?

No one wants to read your name 8 times per page. No one wants to read your name 4 times, 2 times, or 1 time per page. Your opinions are dog shit and no one gives a fuck. It is 73 degrees in 97201 Portland Oregon today, go outside and play, call your doc to change your meds, or spread your brains on the bathroom wall. Whatever you do, get it through your head, no one fucking wants you here. Go the fuck away. Now.

[1715206522]

1715206522

[1715206522]

1715206522

[nofall]

pppppppsssssssssssssssssssssssssssssssssssssssssss - sprayed

No one wants to read your name 8 times per page. No one wants to read your name 4 times, 2 times, or 1 time per page. Your opinions are dog shit and no one gives a fuck. It is 73 degrees in 97201 Portland Oregon today, go outside and play, call your doc to change your meds, or spread your brains on the bathroom wall. Whatever you do, get it through your head, no one fucking wants you here. Go the fuck away. Now.

http://twistedconservative.files.wordpress.com/2013/08/troll_spray.jpg


USE LIBERALLY !!

Troll outside - Miners are useless. We are Darkcoin, And we are pleased to have great feature like Mastermode.Mastermode is the great invention ever.

[salmion]

Development Updates - July 15th

https://darkcointalk.org/threads/development-updates-july-15th.1788/

bump

[Icebucket]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

[rickraw]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

Nope, you are correct.

[poon4]

the coin care good ,and i bought a little,lol

[Taylor05]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

While the math is correct, the assumptions you are using are incorrect. You make the assumption that 100% of all coins generated are sold in the open market (and that there are no other sellers such as those that previously purchased coins seeking to cash out). In contrast, if miners retain their generated coins instead of selling them, there would be NO inflowing money required to retain the same market price. What matters is the supply vs demand equilibrium price. The more that miners seek to sell their coins (supply), the more demand is required to offset it. If at any point supply increases (due to coin generation increasing or the share of generated coins miners seek to liquidate), the more demand would be required to offset it. If supply (including those that seek to cash in earlier purchases or merchants that seek to convert DRK revenues back to fiat) exceeds demand, the price will begin to fall. And if supply falls short of demand (or if demand increases above supply), the price will rise.

So you can see, the function of price is far, far more complex than looking at the number of coins generated.

[Lauda]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

Did you reduce the amount of DRK that the MNs get?

[naxin]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

While the math is correct, the assumptions you are using are incorrect. You make the assumption that 100% of all coins generated are sold in the open market (and that there are no other sellers such as those that previously purchased coins seeking to cash out). In contrast, if miners retain their generated coins instead of selling them, there would be NO inflowing money required to retain the same market price. What matters is the supply vs demand equilibrium price. The more that miners seek to sell their coins (supply), the more demand is required to offset it. If at any point supply increases (due to coin generation increasing or the share of generated coins miners seek to liquidate), the more demand would be required to offset it. If supply (including those that seek to cash in earlier purchases or merchants that seek to convert DRK revenues back to fiat) exceeds demand, the price will begin to fall. And if supply falls short of demand (or if demand increases above supply), the price will rise.

So you can see, the function of price is far, far more complex than looking at the number of coins generated.

I'm sorry but that just is just not correct. The amount of coins being dumped on the open market by miners is irrelevant. That is focusing on the day-to-day activities of a phenomenon that should be analyzed in a much larger context.

Using LTC as an example
1.) 30,000 LTC are generated everyday.
2.) If they are dumped on a LTC/USD exchange (whether actual or a proxy of USD/BTC -> LTC/BTC) they directly need 30,000 * $8.32 =~ $240,000 a day to keep a value of $8.32
3.) If they are not dumped today but held for a week, or a month, it does not matter, the same thing happens, the coins being dumped are just delayed by n time period.
4.) If the miners hold 100% of the coins and they are not being circulated, a liquidity crisis will temporarily ensue likely resulting in increased prices. When this happens, guess what, more fiat is required to keep the price at that level!
5.) Then the inevitable, the whale holding all these coins dumps them. At this point, not only is the $240,000 required to hold a consistent price, but now to absord this monster dump, $2.4 million now may be required, and when these master dumps are then averaged over a large period of time, wallah: to maintain a consistent $8.32 evaluation, $240,000 USD is required.

In reality none of the above occurs like that. How it actually occurs is some miners dump instantly, some wait some time, and some are holding long term, but eventually will dump. But in the end it all comes out in the wash, and to maintain $X price, $X * (n daily coins generated) is required to keep that price constant.

[Icebucket]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

Did you reduce the amount of DRK that the MNs get?

This was just a rough estimate, yesterday there were 30,400 LTC generated, and 2880 drk is just a ballpark as well. But MN can also sell theyr coins so I dont think it matters

[thelonecrouton]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

Yes, there should be *one* decimal place in any given number!  And it should be after the last integer!

 

[organizer]

So the discussion we were having earlier was largely about those uses. The privacy uses spoken about 10 million pages ago. Kristov is great but I worry about his dark markets discourse -"doing something illegal" being the only association of use for dark.

The privacy aspect for individuals and businesses is huge and needs to be spoken about to subvert being pigeon holed.
I'm not talking banner ads - although... why not? Better to create a perception of a brand than trying to change a misconception.

The previously mentioned bitcoin address tracking site is a great idea imo

The thing about your concerns is that you ultimately can't control where this is going, regardless of marketing or branding.

My main point I was trying to convey is there will be a void or voids left as BTC gets regulated. Niches will be filled with SOMETHING. DRK has a shot to be one, actual contender to wider (not mainstream) adoption.

I think you're foolish to be worrying about HOW DRK is used. Hypothetically...let's say after DRK is officially released it's officially adopted by Silk Road 3 (or wherever people buy drugs now, it doesn't matter). So DRK becomes the preferred currency for pot replacing BTC just for this purpose only. This happens, the coin's price goes to $25, $50 or $100, whatever. This is bad, how?

I don't know what your experience is with product marketing, or branding. But years ago brands were built over time (and I still think this is true). Now there are idiot people who consider themselves branding experts, etc. It ultimately falls on the product to deliver what it promises to "be" to evolve into a long-term brand.

What would you expect to be the result of banner ads? What's the goal, what's the "win" in doing that?

[toknormal]

So no fud and the price still goes down.  You're prediction of .08 is about to be realized.

I realise your not trolling here. You just don't like "cults" and everybody winding each other up in big ball of hype.

So I'll shut up this time with my "anti-troll" rhetoric because I identify with that sentiment myself, even though I may occasionally participate in it. But at the same time I think you should allow some latitude (and you do seem to have been doing this lately) for people favourably promoting the technical features of a project who's development they follow in some detail.

In many ways, it's a shame there's a price tag attached to the project because if there wasn't then this thread - and those of other cryptocurrencies - would be far less tribal and more about the genuine creativity that's behind them. All the same, your posts on here have come to symbolise a recurring theme across all [ANN] threads which is the 'were going to the moon and everybody else is shitcoin inc' sentiment.

We have to try to reach a balance and move on from the Blackcoin episode. The price evolution and the technical evolution are two distinct things. Much of the tension on bitcointalk arises from this ambiguity. Great things can be going on technically - which fires people up who are interested in that kind of thing - but the market can be in a different mood which then results in disparate perspectives amongst holders and traders. I happen to be in both camps and had to scratch my head over all this a few weeks ago. I sold on my own market analysis and then felt crap about it which I wasn't expecting. I had to then make up my mind about "why" I was investing in this project. I suspect that we all need to develop our thinking a bit about this - both "trolls' and holders, so that we're clearer about our priorities and don't feel so bad when someone with a different priority (e.g. price) takes a gain at our expense.

In summary, there are two distinct perspectives - technical development and market movements. From time to time they catch up with each other but in the meantime we must decide clearly which of of those priorities we individually identify with and not be put off when people make uncomfortable market analyses. GiftEncounter, mikethemike and shojayxt have all made quite relevant posts on here from time to time. They've also made totally troll like arrogant and adversarial posts, but I've done my share of that as well both here and on other threads.

We need to start communicating better with each other and advance beyond the Blackcoin debacle with intelligence, passion for the project and a bit of humility. The first step to doing that is - as far as apparently adversarial posts on the thread go - in knowing what those posters' priorities are and adequately contextualising their remarks.

As I understand it, here's the translation for the deaf:

[1] - if GiftEncounter makes a "DRK has had its day, it's going down now" post, it means he's shorting DRK right now and will be going long if the DRK / BTC MACD looks like crossing over with any significant volume in the 4-hour or greater chart. He's a market trader priority person who's interested in maximising his gain in ANY market regardless of the underlying fundamentals. I don't disrespect this approach - I myself operate like that in other markets. GiftEncounter sometimes makes genuine calls because he's quite an intelligent trader, but there are 2 problems with his posts:

a) they are all temporarily subjective according to whether he happens to be short or long and
b) lately, his trading success has been going to his head and he's been making arrogant posts about how stupid 'holders' in that particular coin are for holding rather than selling. In other words, he sees everyone as being in his "trading" role and hasn't yet progressed enough to realise that there are people actually doing real work to earn him his gains

[2] - if shojayxt makes a "it's going to 8" remark, it means that he might still be long but gets nauseated by the mutual appreciation society on here. I don't think it's really trolling, he just wants people to be realistic. (Apologies for referring to you in the 3rd person shojayxt). From time to time it turns into trolling but folk on here (including me) do the same in reverse and we all end up in a great ball of smoke. I have laid into shojayxt just as much an anyone but I don't really feel great about it afterwords and I'd prefer myself to have just accepted the odd adverse remark in a constructive manner if I was to be honest. The difference with GiftEncounter is that if GiftEncounter makes a trolling remark it's definitely because he's short. But if shojayxt makes an adverse remark he's looking for realism which means he's worried about his holdings - ergo: he's long. Huge difference in motivation and in that light, both can definitely not be regarded as "trolls" at the same time

[3] - if mikethemike makes an "I'll see you at 8"remark" I think it's because he's speaking from genuine experience. The difference with GiftEncounter is that:

a) he's made his short position public
b) he's posted some valid technical basis for his market appraisal
c) he went to some effort to field challenges to his comment and engage in dialog with other posters on the thread

Likeways, we need to clarify our own priorities - are we day trading or do we have a genuine technical interest in the project. It might be a great work and still go to zero price wise. If it does, I'll still be able to live with myself because I'm now clear about why I'm involved in this. On the other hand, the market might just end up agreeing with our appraisal of this project's merits in the long run which would obviously be great for everyone who's been grafting away at it, but also for those traders who backed it - even GiftEncounter. mikethemike and shojayxt if they end up going long again.

We don't know, but we need to all make sure we enjoy the ride however this ends up and whatever our role in it is.

[fernando]

I was thinking about how much money is needed to keep the same price, regarding to coins generated per day and did some little calc.

Bitcoin 616$ ~3600 per day  = 2.217.600 $ per day
Litecoin 8,32$ ~30.000 per day = 249.600$ per day
Darkcoin 5,89$ ~2880 per day = 16.963$ per day

I was flabbergasted when I saw these figures, am I doing it wrong

While the math is correct, the assumptions you are using are incorrect. You make the assumption that 100% of all coins generated are sold in the open market (and that there are no other sellers such as those that previously purchased coins seeking to cash out). In contrast, if miners retain their generated coins instead of selling them, there would be NO inflowing money required to retain the same market price. What matters is the supply vs demand equilibrium price. The more that miners seek to sell their coins (supply), the more demand is required to offset it. If at any point supply increases (due to coin generation increasing or the share of generated coins miners seek to liquidate), the more demand would be required to offset it. If supply (including those that seek to cash in earlier purchases or merchants that seek to convert DRK revenues back to fiat) exceeds demand, the price will begin to fall. And if supply falls short of demand (or if demand increases above supply), the price will rise.

So you can see, the function of price is far, far more complex than looking at the number of coins generated.

It could be argued that miners or masternode owners keeping their coins is an act of investment. I agree that this is all theoretical and the price is what the market says it should be, but with coins being created every day there is a need for increased demand just to maintain the price.

[toknormal]

To da moon?

IMHO. With background mixing, virgin addresses for each transaction, de-coupling of anonymity layer from blockchain layer, Bitcoin api compatability, user-specified mixing levels, shared rewards for diversified network services...

Yes. "To da moon".

[salmion]

So the discussion we were having earlier was largely about those uses. The privacy uses spoken about 10 million pages ago. Kristov is great but I worry about his dark markets discourse -"doing something illegal" being the only association of use for dark.

The privacy aspect for individuals and businesses is huge and needs to be spoken about to subvert being pigeon holed.
I'm not talking banner ads - although... why not? Better to create a perception of a brand than trying to change a misconception.

The previously mentioned bitcoin address tracking site is a great idea imo

The thing about your concerns is that you ultimately can't control where this is going, regardless of marketing or branding.

My main point I was trying to convey is there will be a void or voids left as BTC gets regulated. Niches will be filled with SOMETHING. DRK has a shot to be one, actual contender to wider (not mainstream) adoption.

I think you're foolish to be worrying about HOW DRK is used. Hypothetically...let's say after DRK is officially released it's officially adopted by Silk Road 3 (or wherever people buy drugs now, it doesn't matter). So DRK becomes the preferred currency for pot replacing BTC just for this purpose only. This happens, the coin's price goes to $25, $50 or $100, whatever. This is bad, how?

I don't know what your experience is with product marketing, or branding. But years ago brands were built over time (and I still think this is true). Now there are idiot people who consider themselves branding experts, etc. It ultimately falls on the product to deliver what it promises to "be" to evolve into a long-term brand.

What would you expect to be the result of banner ads? What's the goal, what's the "win" in doing that?

The win would be awareness. And helping to shape perception.

I've a lot of experience in product marketing. And branding. I've worked in ad agencies for years.

Years ago advertising was a lot more simplistic. Build it and they will come. Advertising was a way to highlight features over the opposition.
And dark rightly or wrongly is adopting that approach. But because the name is Dark and the focus is on anonymity the initial attraction falls into the Silk Road category or the perception will be as much.

I personally don't care what dark is used for any more than fiat, to use your hated term – it's ecash. Good bad the currency is neutral.

The perception of the currency is vital though. The currency should remain neutral.

Doge is failing because supply radically exceeds demand. They had a way better run then they theoretically should have largely because of their marketing and community. Dark doesn't have the supply issue.

I was weary of dark to start with and it was the discussion about privacy combined with the fact that the price at the time (March-ish) was stable that got me mining and buying it. The uses beyond the obvious "well silk road 3 right?"  

The lack of privacy in bitcoin is the core need that dark fulfils.

We can think of many uses beyond silk road. Questionable online purchases. Business wanting to keep trade levels secret. People just wanting their money not to be associated with them for no reason other than it's their money and it's nobody else's business. Those needs need to be promoted. Because they're positive and they won't put a whole lot of negativity on Evan if this hits proper prime time.

There is nothing wrong with highlighting other possible uses. Or pushing privacy as a neutral agenda. It helps keep the perception of the coin from being polarised into good/bad. It helps keep the perception of the coin neutral as ecash should be.

That's the win.



 

[minersday]

Any marketing should use 'currency' or 'ecash' not 'cryptocurrency.'

The word cryptocurrency I think what is known in the dictionary for this kind of cash.

[minersday]

Not sure if anyone noticed, but I'm giving the Darkcoin wallet a major overhaul and implementing a much more clean, modernized design with the help of Minotaur, raze and LittleFinger. Here's a screenshot of a mock-up, demonstrating the general idea of what the new wallet will look like:


(NOTE: This is just a mock-up, not the final design!)

A lot of major improvements and big things in the works for Darkcoin: the most under-valued crypto-currency on earth!  

The official thread for the UI overhaul can be seen here at DarkcoinTalk.


Regards,

The DRK Lord

oh my Lordy. I want one of those.

Oh my lordy, you sold your eCash, when you should have hodl your eCash

+11111 this looks really really really nice..
I would go for this, put this on the first page etc.. something to look forward to..

Bump...

[fible1]

Would you guys recommend trading on Cryptsy or Mintpal? Any particular downfalls on either one? I get hte impression the Cryptsy market is larger but they seem wildly inefficient.

[crackfoo]

Earn your own DRK coins by mining at the multipool. Not only that, you can earn DRK using your old ASIC hardware on SHA256 and SCRYPT coins!

DarkCoin by xpool - DRK Multipool

 

http://www.xpool.ca

PROP reward system

DRK Payouts

Scrypt & SHA256 & X11 Algo's

DDoS Protected

High Performance Backend

Simple setup and usage

0% Fees while in BETA

To mine:

http://www.xpool.ca/get_started

How does it work?

xpool offers 3 different sets of coins to mine. SHA256, Scrypt and X11. Each algorithm runs on a shift. Currently there is no set interval as there needs to be enough found and confirmed blocks to make trading worthwhile on the exchanges. We don't want to finish a shift only to find out, the exchanges are going to eat up the payout in fees or limit the withdraw with a large minimum. The confirmed coins are traded throughout the duration of the shift automatically to maximize the profits from exchanging them into DRK. Once enough confirmed blocked are accumulated, the shift is moved into "Trading" status while all the exchanged coins are calculated into DRK and then queued for payment. Once all the coins are confirmed as successfully traded and exchanged, the DRK payments are sent.

As the pool picks up more hashing speed and sufficient DRK can be picked up from the exchanges, the shifts will be set to a schedule and payouts more frequent and less worry about the exchanges. This is a growing phase so the more hash support the better.
If a DRK block is found, there's no exchanging or loss of fees as it can simply be moved into the X11 payout queue.

The advantage of the pool is that you can utilize your older ASIC equipment to earn you the more desired DarkCoin.

Cheers and Happy Hashing!

Donations welcome!

Today's SHA256 shift is shaping up to have another 20+ DRK payout. If you want DRK, hop on http://www.xpool.ca  with your ASIC's ASAP!