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

[toknormal]

I see a bull flag, I used to trade these all of the time  

I wonder if your right.

I was expecting 7 to be a top and for it to start falling at the end of the last 4 hour cycle.

But it hasn't happened. The trend appears to be taking off on a different pattern from what I was expecting.

The valuation is more resilient.

Lets see what happens.

[1715349902]

1715349902

[1715349902]

1715349902

[Minotaur26]

Looking for DRK representative in Africa.

As most of you know by now, we are forming a group of people to help spread the word about DRK. Right now, we are looking for representation in Africa. If anyone from the community is currently living there, please consider joining. You can find the information in the link below.


https://darkcointalk.org/threads/darkcoin-ambassador-group.3785/

[oblox]

I see a bull flag, I used to trade these all of the time 

I wonder if your right.

I was expecting 7 to be a top and for it to start falling at the end of the last 4 hour cycle.

But it hasn't happened. The trend appears to be taking off on a different pattern from what I was expecting.

The valuation is more resilient.

Lets see what happens.

Even on the 4hr, you can make the case for an ascending triangle building.

[stonehedge]

I see a bull flag, I used to trade these all of the time  

I wonder if your right.

I was expecting 7 to be a top and for it to start falling at the end of the last 4 hour cycle.

But it hasn't happened. The trend appears to be taking off on a different pattern from what I was expecting.

The valuation is more resilient.

Lets see what happens.

ascending triangle building.

[toknormal]

Meanwhile, in eurozone debt land, the Greek 10 Year just added 10% to its risk premium in a couple of hours. This is clearly part of the plan. Put as many guns to the heads of the EU officials as possible. Greek default will be a much bigger problem for the Eu than it will for Greece and Varoufakis knows it !

This is what they should have been doing all along.



Which one looks the more relaxed  ?



http://www.bbc.com/news/world-europe-31055069

The 3 year's gone from 10% to nearly 20% in week.



Just as well it's Friday  

[balu]

balu on 10:56:27 AM----Close enough to sound true, without being true  

I do occasionally mine DRK. The current split is the other way around 37.5% to the masternodes and 62.5% to the miners, but not all blocks go to the masternodes  

4.64 DRK Block reward, should equate 2.90DRK reward to miners, but because a lot of blocks do not go to the masternodes (I have Darksend switched off on my wallet)  the effective rewards to miners average 3.42DRK per block (thank you darkcoin.miningpoolhub.com for their block statistics).

576 Blocks a day, equals 2,672DRK a day and this equals 975,513DRK per annum. At BTC price of 0.007, the entire per annum production is only work 6826BTC at a BTC price of $230 (thank you Bitstamp for BTC price 15:25GMT) equals $1,570,200 per annum net value.

This is insufficient for any manufacturers to develop an ASIC miner, if potential sales are 50% of the value of potential DRK production in 1st year of production ($785,100) and these sales equate to a 10% profit margin $78,510 and 10% of this is spent on research and development this equals a R&D budget of just $7,851. You can see, you cannot finance the R&D costs of creating a piece of new silicon for X11. It takes about 9-12 months to research and develop new silicon for algorithms designed for GPU's.

From the scrypt algorithm's history, 2013 LTC price reached an average $11. Per annum production is 10,512,000 (this is x10 DRK's yearly production). This equated to BTC value 0.0478 per LTC (at BTC's price today) and per annum production was worth 502,473BTC or $115,568,790. This use to work out to be: 50% of yearly production being potential sales $57,784,4395 in the 1st year, which use to work out to be potential profits (at 10% of turnover) $5,778,439, which worked out to fund a $577,843 R&D budget.

Four manufacturer succeeded in bringing to market ASIC equipment in 2014 (Gridseed, Zeus, KCNminer, Innosilicon). This allows us to divide the research and development costs of new ASIC silicon by 4 equaling $144,460, but we will say 5 to turn this into the worse case scenario for DRK, £115,568  

Now, we can reverse the macro economic model to forecast the price at which DRK would become attractive for ASIC manufacturers to develop new silicon  

$115,568 R&D, require profits of £1,155,680 which equate to sales turnover being around $11,556,800. Since, turnover is 50% of annual production in the 1st year  (it declines by 50% per annum assuming prices hold up to new Fiat Currency withdrawals from the system to pay for ASICs) then net per annum value of DRK production will need to be $23,113,600, which would price each coin at $23.69 or 0.103BTC per coin  

Let's face facts, only a kamikaze manufacturer would develop an X11 ASIC silicon at the moment, when the price passes $18 one or two might take on the risks, but we are nowhere near those prices  

Thanks for the input, added it to my article (revised/extended my previous post): http://darkcoin.guide/kb/are-asics-a-threat-to-darkcoin/

It's long so I don't want to post it here.

[MisfiringNeuron]

I just think dark is waaaay too cheap, I think we will pass xpy soon

Agreed 100%.  It's absurd that DRK is at these levels.

[MisfiringNeuron]

Spreadcoin is testing Instant X ---- http://spreadcointalk.org/index.php?topic=37.msg908#msg908

I don't know about you guys but I think it's really disrespectful of them to take it from Darkcoin before Darkcoin has implemented it fully.  Evan's work deserves more respect.  Are they violating any sort of license we can enforce?

[qwizzie]

Spreadcoin is testing Instant X ---- http://spreadcointalk.org/index.php?topic=37.msg908#msg908

I don't know about you guys but I think it's really disrespectful of them to take it from Darkcoin before Darkcoin has implemented it fully.  Evan's work deserves more respect.  Are they violating any sort of license we can enforce?

its opensource so i dont mind that they use it / experiment with it, but i do hope they realise that InstantX is in a very alpha state opensourced
and that Evan gave a formal warning not to use it ''as is'' ...  as there is still a lot of work to be done with that code by the Darkcoin development team.

[AlexGR]

Popcorn time folks.

I think I've found a new hero....specially since this guy actually tought at my university.

I encourage all Darkcoin aficionados to get clued up on Yanis Varoufakis. He's probably the most important person in the world right now because he's just called the bluff of the highly levered credit money scam to the tune of a cool 7 Billion Euros.

All Greek governments before him have been bending over backwards to meet all the European "Troika"s (Troika=European Central Bank, International Monetary Fund+The European Commission) conditions for lending them Billions of Euros to keep their already bankrupt economy going.

(Remember, that bailout money was just conjured up from nothing by turning about Eu300 billion into 1 and a half TRILLION using their favourite tool of "leverage". Of course only the creditors are allowed to use such a tool for debt creation - debtors may not use such a technique to pay back their debts. That has to be done through either decades of economic activity or selling off the family silver such as a few islands here and there).

Now Varoufakis (this lecturer guy at my old uni and current Greek finance minister) is saying THEY DON"T WANT IT AND THE EU CAN STICK THEIR BAILOUTS WHERE THE SUN DON'T SHINE !!!)

http://www.zerohedge.com/news/2015-01-30/greece-slams-eu-bailout-ers-we-dont-want-7-billion-we-want-rethink-whole-program

I can't believe a bunch of politicians are actually doing this. The markets are in a spasm - capital flight galore, Greek bank shares crashing, bond yields syrocketing and they don't care !!!!!

Here he is in conversation - a finance minister who's hobby is - beleive it or not - ECONOMICS ! The guy actually knows something about it and can tell the difference between highly levered credit money and unlevered base money. Don't let the fact that he's a marxist get in the way of your entertainment - he's also a libertarian which means he'll be Bitcoin friendly.

I'm sure one of the things that's making them comfortable about being so cocky is that they've had a quiet chat with the Russians to check their backs are covered in the event of the troika pressing the eject button on Greece (which may be what they're after all along).

Go Greece !!!!

Great interview with Varoufakis on the BBC: http://www.bbc.co.uk/programmes/p02hp632
His Twitter feed: https://twitter.com/yanisvaroufakis

Tsipras letter to the Germans:
http://syriza.net.gr/index.php/en/pressroom/253-open-letter-to-the-german-readers-that-which-you-were-never-told-about-greece

I'll leave the commentary to the Zerohedgers who represent the "BTCe trollbox" of international money markets:

What has this got to do with Darkcoin you ask ?...everything ! (But that's for another post)

Being a Greek I always found Varoufakis to be full of shit (even a puppet of the Elite that plays controlled opposition role) - and I'm from the "anti-memorandum / anti-troika" group so to speak.

The reason is that his agenda is more pro-european than pro-greek. He is pro-euro (the currency) in a degree that is disgusting. Greece needs to have a sovereign currency. The euro and the euro-policies have buried us alive. His "no" to the troika this afternoon is actually a no to the low-level employees and beaurocrats that were checking in on the government progress. He said he is committed to the ecb, imf and eu and keeping government surpluses running though.

By the way he dislikes bitcoin, its apolitical nature and he has drawn parallels to tulip mania. That's another reason why he is full of shit.

[xxxgoodgirls]

https://www.transifex.com/projects/p/darkcoin/translate/#it/tx/40013731

The italian translation is almost done. I'd like for some italian guy to review it, having few doubts on it.

[vertoe]

I signed up, ill translate it to spanish, requested member for the Spanish translator group.

Approved, cheers.

[vertoe]

Everyone, please help contributing translations for the darkcoin wallet:

https://darkcointalk.org/threads/help-translating-the-darkcoin-core.3810/
https://www.transifex.com/projects/p/darkcoin/

Bump, we need reviewers for Dutch (100%), German (100%) and Russian (100%).
Translations almost finished, go, go, go: Italian (96%), Protuguese (76%), Vietnamese (68%) and French (58%).
I wonder why there are no translators for Polish (0%), Czech (0%), Chinese (0%), Arabic (0%) or Turkish (0%) yet?

[stonehedge]

Spreadcoin is testing Instant X ---- http://spreadcointalk.org/index.php?topic=37.msg908#msg908

I don't know about you guys but I think it's really disrespectful of them to take it from Darkcoin before Darkcoin has implemented it fully.  Evan's work deserves more respect.  Are they violating any sort of license we can enforce?

I wouldn't lose sleep over this.  I have a feeling our Devs have got this

[Minotaur26]

Spreadcoin is testing Instant X ---- http://spreadcointalk.org/index.php?topic=37.msg908#msg908

I don't know about you guys but I think it's really disrespectful of them to take it from Darkcoin before Darkcoin has implemented it fully.  Evan's work deserves more respect.  Are they violating any sort of license we can enforce?

Don't worry about it, having our own altcoins is actually very flattering, it means others think our model and technology is valuable and would like to emulate it. We walk our own path and worry about doing the best job we can in every aspect of this project and we will have our place regardless of what anybody else does or not.

What we are investing in DRK is not about a particular current set of features. It is about a vision to constantly generate value for users and a team and infrastructure that can execute that vision. Darkcoin is about constant innovation and bringing crypto closer to regular people. To achieve this vision many things come into play development, community, investors, reputation, public awareness, timing, among many other factors.

You need to inspire people who want to contribute freely of their time to help build that vision and that is achieved with integrity and a proven track record. You need a group of folks are in it for more than just financial gain. If we were to hire a staff like the one we have in our technical development team and the one we have on our ambassador group and promotion team we would need to spend a lot of money on payroll alone, yet all these people give freely of their time to work on something they believe in. It is really inspiring and you can't copy that.

[fuzzyduck]

Everyone, please help contributing translations for the darkcoin wallet:

https://darkcointalk.org/threads/help-translating-the-darkcoin-core.3810/
https://www.transifex.com/projects/p/darkcoin/

Bump, we need reviewers for Dutch (100%), German (100%) and Russian (100%).
Translations almost finished, go, go, go: Italian (96%), Protuguese (76%), Vietnamese (68%) and French (58%).
I wonder why there are no translators for Polish (0%), Czech (0%), Chinese (0%), Arabic (0%) or Turkish (0%) yet?

If you want me to review Dutch count me in. Translation not so much. Too much time atm for me. I can review others though

[oblox]

Everyone, please help contributing translations for the darkcoin wallet:

https://darkcointalk.org/threads/help-translating-the-darkcoin-core.3810/
https://www.transifex.com/projects/p/darkcoin/

Bump, we need reviewers for Dutch (100%), German (100%) and Russian (100%).
Translations almost finished, go, go, go: Italian (96%), Protuguese (76%), Vietnamese (68%) and French (58%).
I wonder why there are no translators for Polish (0%), Czech (0%), Chinese (0%), Arabic (0%) or Turkish (0%) yet?

The Chinese translation is absolutely key. China controls very much the majority of BTC volume.

[thelonecrouton]

Spreadcoin is testing Instant X ---- http://spreadcointalk.org/index.php?topic=37.msg908#msg908

I don't know about you guys but I think it's really disrespectful of them to take it from Darkcoin before Darkcoin has implemented it fully.  Evan's work deserves more respect.  Are they violating any sort of license we can enforce?

What's more respectful than recognising the genius of the idea and putting it into action?

Spread MNs are a complete reimplementation, not just a cut and paste of Darkcoin code. The two implementations of InstantX are and will continue to be different too.

If it helps, think of Mr Spread as a self funding Darkcoin developer. Anything he comes up with can be worked into Darkcoin. Open source is a two way street.

[g4q34g4qg47ww]

I think anyone defending spreadcoin should first clarify whether or not they have invested in it  ... It seems like something I would like, I've checked it out multiple times with an open mind, and it has always put a bad taste in my mouth. Its pretty disheartening to see the names that are so familiar in this thread over there. I have no love for it.

[bluebox]

Not sure if this is appropriate here, don't know where else it should be (darkcointalk?)...

x11 ASICs may not be around, but I just saw a single address hit 550-600MH/s (!) on an x11-only p2pool the other day. I've never seen this before, has anyone else?

It still shows up in the hash graph, at least for another couple hours: http://p2drk.mupool.com/static/

The fastest consumer GPU's I know of x11 do 10MH/s (GTX980 OC), so this equates to either:
   -- a farm of 50-60 gtx cards
   -- more than a few dozen Tesla K40 or 80's ($3-5K/pop)
   -- a cpu compute cluster of over a thousand cores of E5 series Intel Xeon's
   -- OR an ASIC developer finally got a test mule working

Might be #3, someone having fun with another's toys... or am I nuts, is this now common to see?