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

[dazbarlby]

Trezor Tweet

Bitcoin Trezor ‏@BitcoinTrezor  17 mins17 minutes ago
Currently supported cointypes by #Trezor: #Bitcoin, #Namecoin, #Litecoin, #Dogecoin, #Darkcoin. And #Testcoin (Testnet) for developers.

https://twitter.com/BitcoinTrezor/status/573975464441745408

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[TaoOfSaatoshi]

Gavin Andresen tweet,
http://junseth.com/post/112626834687/stop-talking-about-confirmation-speeds-start
 Dark Coin was built, originally, to solve the anonymity problem. Now they introduced what they think is a fix to confirmation times. And yet, it has a fraction of the hashing power being pumped into it.

All of bitcoins hashing is from 1 pool so how is petahashs any better than gigahashes of mining in keeping the network stable, and also the decentralized masternode system should keep the network doublely stable as an extra network layer, or am I missing something?

New on DarkBlogs:

Getting under their skin... (by Tao Of Satoshi)

https://www.rebelmouse.com/Get_Into_The_Dark/getting-under-their-skin-1027412685.html

Cheers,

Tao

[pille]

New on DarkBlogs:

found a small misspelling within the last link www.dar[k]cointalk.org  

[TaoOfSaatoshi]

New on DarkBlogs:

found a small misspelling within the last link www.dar[k]cointalk.org  

Thanks! Fixed.

[jiggytom]

sigh

You guys try so hard!

[stealth923]

sigh

You guys try so hard!

Its amazing the drivel the trolls can come up with - just so they can hope for a drop in price so they can buy...lol

[winteriscoming5]

The truth about Darkcoin's instamine & what the dev's don't want you to know:

https://bitcointalk.org/index.php?topic=978447.msg10684203#msg10684203
https://bitcointalk.org/index.php?topic=978447.msg10684983#msg10684983

[MasterMined710]

I'm a paid monero troll

[etoque]

Lololol premine !!!11

[vertoe]

The truth about Darkcoin's instamine & what the dev's don't want you to know:

https://bitcointalk.org/index.php?topic=978447.msg10684203#msg10684203
https://bitcointalk.org/index.php?topic=978447.msg10684983#msg10684983

Welcome to bitcointalk winteriscoming5.

I'm a dev and I want you to know:


Was darkcoin instamined?

~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.

The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.

Examples of prices and selling action almost two weeks after launch:
https://bitcointalk.org/index.php?topic=421615.msg4861558#msg4861558
https://bitcointalk.org/index.php?topic=421615.msg4889177#msg4889177

Forum member coins101 did a blockchain analysis of Darkcoins distribution as of September 2014:
https://bitcointalk.org/index.php?topic=778616.0


Will the initial distribution affect Darkcoin in the future?

It can bring criticism but other than that, no, as Darkcoin has solid fundamentals which are the basis for its continuous ascent despite FUD and accusations.

The creator of the coin proposed to fix the initial distribution issue by airdroping new coins in order to address criticism and resolve the issue once and for all. The community disagreed and voted down this proposal with most arguing that the distribution is relatively OK by now (April 2014) and that the airdrop would create more problems than it would solve.

Even if there were doubts for the distribution, the late April-May “pump” solved the distribution problem for good, through massive buys that “chewed” enormous waves of “dumping” from prior holders of cheaply acquired coins.

The quick monetary expansion at the start, and the slower rate of expansion later on, actually had a very positive, yet unintended side-effect: It allowed Darkcoin to achieve a very low inflation rate. If every coin was mined at a consistent rate, the rate of issuing new coins would debase the value of existing coins significantly more. Compared to other PoW coins that started around the same period, Darkcoin has the lowest inflation. This allowed it to maintain and increase value when other coins were crashing under the weight of their insatiable demand for new BTCs (that were needed to buy their daily production).

The problem of high inflation in new coins, which tends to suppress their price as supply rises, has now created a new trend where some of the newer coins which are designed, either use a short mining period and Proof of Stake or continue with PoW but with a diminishing mining reward after a few days/weeks/month to reduce the problem of inflation.

http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F

[elan]

I'm trying to cover all Tor related Darkcoin guides here. If anyone is interested.
https://darkcointalk.org/threads/overview-tor-guides-for-darkcoin.4227/

Including:

• How to run Darkcoin with the Tor Browser Bundle
• How to run Darkcoin with Tor nodes connected only
• How to run a local Darkcoin Tor hidden service
• How to run a full Darkcoin Tor hidden service relay on a server

This is all work in progress. Comments welcome.

[mitchr4]

Someone just needs to bite the bullet and start a darkcoin silkroad...

[Sub-Ether]

The quick monetary expansion at the start, and the slower rate of expansion later on, actually had a very positive, yet unintended side-effect: It allowed Darkcoin to achieve a very low inflation rate. If every coin was mined at a consistent rate, the rate of issuing new coins would debase the value of existing coins significantly more. Compared to other PoW coins that started around the same period, Darkcoin has the lowest inflation. This allowed it to maintain and increase value when other coins were crashing under the weight of their insatiable demand for new BTCs (that were needed to buy their daily production).

The problem of high inflation in new coins, which tends to suppress their price as supply rises, has now created a new trend where some of the newer coins which are designed, either use a short mining period and Proof of Stake or continue with PoW but with a diminishing mining reward after a few days/weeks/month to reduce the problem of inflation.

Vertoe, that is interesting about an accidental low inflation rate due to reduced subsequent mining yield being dropped onto the market. How ironic that an accident turned out to be beneficial for the distribution and price in the long run.

Btw, is there an easy way of calculating the hop time in the cpu for the darkcoin wallet? Thanks.

[thelonecrouton]

Someone just needs to bite the bullet and start a darkcoin silkroad...

A market that's just a market and doesn't also try to be a central bank, that allowed buyers and sellers to transact directly in their currency of choice with arbiter/escrow providers as required would be great... I've never understood what was so hard about that?

Oh yeah, it would mean that the site owners couldn't make off with everyone's loot whenever the whimsy struck them.

[MasterMined710]

I'm trying to cover all Tor related Darkcoin guides here. If anyone is interested.
https://darkcointalk.org/threads/overview-tor-guides-for-darkcoin.4227/

Including:

• How to run Darkcoin with the Tor Browser Bundle
• How to run Darkcoin with Tor nodes connected only
• How to run a local Darkcoin Tor hidden service
• How to run a full Darkcoin Tor hidden service relay on a server

This is all work in progress. Comments welcome.

Great job, thanks

[Lukas_Jackson]

The truth ... dev's don't want you to know:

Ok,  first...big LOL...dev's don't want you to know...sigh
I have no problems when someone can make a buck more than me. I am not envious because someone have more than me.
I accept that. I take the risk

[toknormal]

The truth about Darkcoin's instamine & what the dev's don't want you to know:

And the reply... https://bitcointalk.org/index.php?topic=978447.msg10685523#msg10685523

[Sapereaude]

I am really confused about this insta-mined yelling, people keep just keep pointing out that the difficulty re-targeting failed. We know it happened no-one is denying it happened, but it wasn't deliberate.

https://darkcointalk.org/threads/the-birth-of-darkcoin.162/

It's strange that people are so fixated on one point in time, it's like saying my scrambled eggs aren't delicious before I even put the damn eggs into the frying pan. Because even if we assume for arguments sake that this was deliberate and instamined, the interesting part is what happened after that. Namely that development continued at a rapid pace and has done so for a protracted period of time.

I mean already at launch it invented the X11 algorithm, which researchers are now saying will replace SHA-256. Then the development of anonymous darksend transactions, then creating the masternodes network, then instant transactions and now masternode blinding.

These are all massive technical innovations and so it seems strange to suggest that all these developments are worthless because there were X amount of coins in the first few blocks. It would be like saying Facebook isn't successful because Zukerburg and a few others own most of it.

Now there is a whole development team and who knows what they will implement next. So why focus on how many coins there were at launch, instead of what it is now? As I see it the eggs are only starting to cook.

[Lukas_Jackson]

So who were there at freenode? stonehedge?

Those lizards only come out of their cave when they smell darkcoin

[GhostPlayer]

Someone just needs to bite the bullet and start a darkcoin silkroad...

A market that's just a market and doesn't also try to be a central bank, that allowed buyers and sellers to transact directly in their currency of choice with arbiter/escrow providers as required would be great... I've never understood what was so hard about that?

Oh yeah, it would mean that the site owners couldn't make off with everyone's loot whenever the whimsy struck them.

OpenBazaar buddy... but dev is kind of slow unfortunately. I really hope it picks up. beta 4 should roll out soon. It if gets there and works on v.1, its going to be absolutely awesome and kill ebay in weeks.

 At least, my hopes and dreams!! Open source decentralised p2p crypto market. BOOM. brave new world.