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

[TanteStefana]

That's entirely subjective. Darkness hides things and some things are not for the seeing.

Anonymity and darkness share this quality.

Some people are in fear of anonymity. To them it means lawlessness,  lack of accountability and anarchy. These people are ants.
 
We are grasshoppers.

I LOVE THIS!  Are you a Kung Fu tv show fan?  LOL

[n00bnoxious]

And having a safe way to conduct transactions is a good thing. The very illegality of those things are what makes them so bad.
These is nothing intrinsically bad about drugs, but having made them illegal drives up risk HUGELY, and with that comes violent crime, bad quality, filled up prisons, war e.tc.

Having a safer way to conduct business drives down risk and that is good for everyone, except those who profit from the fear mongering and the steady stream of new inmates.

I'm sort of a libertarian, so I do mostly agree with what you're saying, however I do think non medicinal drugs are generally bad.  But I believe this should be countered with education and awareness.  

With money from whom? Mass education is an incredibly expensive venture - not to mention logistically extremely difficult. I'm not saying I disagree with you, I'm just making the point that ideals don't get far in real life unless the majority hold them.

[TanteStefana]

I have a friend who's in an abusive relationship. She's been saving money to start a new life as far away from that pos as she can get. Problem is, the little she has can't be stored in her bank account because he has access. Even if she could deposit it, she has to account for every penny to him, so she wouldn't be able to spend it.

Now imagine her being able to transact purchases and make transfers completely anonymously, without having to leave her home or raise suspicion. To her, THAT'S the promise of Darkcoin. And that's why she's invested.

If you think the "dark" part of Darkcoin will only benefit people who want to do something illegal, then yours is a crisis of imagination.

Get that girl out of there NOW  Geepers!

But yah, if darkcoin saves her, Thank GOD!

[darkproton]

Ok, that might be true.

Just frightening to think about  selling and buying humans, organs, drugs etc. with Darkcoin on the internet, not to mention all the scams that will be easily pulled off with Darkcoin.

I've finally accepted the fact that the world is an ugly place and I simply have to protect my family from it as best I can.

On the other hand, there are beautiful places in this world, where you will find good, kind, thoughtful, funny people with all the reasons for living.  You simply have to make the choice.  Nobody,  not the government, not the police, and ultimately, not even your parents can do that for you.

^ This and this are my reasons for being invested in Darkcoin. The banks even admit they haven't got a clue how it's meant to work, and so far their methods have facilitated FAR more criminal activity worldwide than any cryptocurrency has. Look at HSBC turning a blind eye to gigantic laundered transactions for example. People will break the law with whatever they have to hand. Darksend isn't going to suddenly incite people all over the world to go and break the law when they weren't already going to do so...

precisely. Cash is the best level of anonymity, I believe, to date, however, it can not be used directly online. To counter this, one could by money order, straight mail the cash in an overnight envelope, etc, for any and all of the morally dubious scenerios of drugs, porn, people, etc. It's up to the community to shut down those sites and people from selling and offering those 'services'. An analogy would be to ban gun sales because guns get in the hands of criminals.(Note, this does not mirror my views on guns, merely serves as an example).

[CHAOSiTEC]

Ok, that might be true.

Just frightening to think about  selling and buying humans, organs, drugs etc. with Darkcoin on the internet, not to mention all the scams that will be easily pulled off with Darkcoin.

I've finally accepted the fact that the world is an ugly place and I simply have to protect my family from it as best I can.

On the other hand, there are beautiful places in this world, where you will find good, kind, thoughtful, funny people with all the reasons for living.  You simply have to make the choice.  Nobody,  not the government, not the police, and ultimately, not even your parents can do that for you.

^ This and this are my reasons for being invested in Darkcoin. The banks even admit they haven't got a clue how it's meant to work, and so far their methods have facilitated FAR more criminal activity worldwide than any cryptocurrency has. Look at HSBC turning a blind eye to gigantic laundered transactions for example. People will break the law with whatever they have to hand. Darksend isn't going to suddenly incite people all over the world to go and break the law when they weren't already going to do so...

precisely. Cash is the best level of anonymity, I believe, to date, however, it can not be used directly online. To counter this, one could by money order, straight mail the cash in an overnight envelope, etc, for any and all of the morally dubious scenerios of drugs, porn, people, etc. It's up to the community to shut down those sites and people from selling and offering those 'services'. An analogy would be to ban gun sales because guns get in the hands of criminals.(Note, this does not mirror my views on guns, merely serves as an example).

1. money can be used for good or evil

2. people can be good or evil .. see point 1.

3. guns can be good or evil .. see point 1.

4. snow can be good or evil (the snow that falls at winter times !) just making sure people dont misunderstand...

5. the bible can be good or evil .. see point 2.

...

get my point?

[TanteStefana]

What is this all about?



people arguing about darkcoin on coindesk!!!!

It's a non-factual claim. The figure is about 2%. I honestly wish people could let the coins compete on the quality of their features & implementations rather than manufacturing FUD.

Yes, it's also sort of stupid to complain about having a somewhat larger supply up front - if you mine at the same rate the entire time, you will probably never reach critical trading mass in time for it to actually be useful. 2% is a reasonable amount to mine in the first few days so that there will be enough initial supply for everyone to have a part of it. More important is how it was mined: Everyone who wanted to mine at launch could - anyone, not just devs and their friends.

It makes a big difference. Even with the rapid mining at the beginning (which I might add was planned and announced), the distribution of coins was fair.

And for the record, I was about a week behind that, so I actually didn't benefit that much from the initial mining.

Also, with those that mined and then sold (dumped). they help out the coin the  most by spreading the coin around.  More people can get involved that way.  It's actually harmful that we all hoard our coins!!  (GET YOUR  HANDS OFF OF MY STASH YOU!)  LOL  

Edited, 'cause I wrote it badly

[Jungian]

Ok, that might be true.

Just frightening to think about  selling and buying humans, organs, drugs etc. with Darkcoin on the internet, not to mention all the scams that will be easily pulled off with Darkcoin.

I've finally accepted the fact that the world is an ugly place and I simply have to protect my family from it as best I can.

On the other hand, there are beautiful places in this world, where you will find good, kind, thoughtful, funny people with all the reasons for living.  You simply have to make the choice.  Nobody,  not the government, not the police, and ultimately, not even your parents can do that for you.

^ This and this are my reasons for being invested in Darkcoin. The banks even admit they haven't got a clue how it's meant to work, and so far their methods have facilitated FAR more criminal activity worldwide than any cryptocurrency has. Look at HSBC turning a blind eye to gigantic laundered transactions for example. People will break the law with whatever they have to hand. Darksend isn't going to suddenly incite people all over the world to go and break the law when they weren't already going to do so...

precisely. Cash is the best level of anonymity, I believe, to date, however, it can not be used directly online. To counter this, one could by money order, straight mail the cash in an overnight envelope, etc, for any and all of the morally dubious scenerios of drugs, porn, people, etc. It's up to the community to shut down those sites and people from selling and offering those 'services'. An analogy would be to ban gun sales because guns get in the hands of criminals.(Note, this does not mirror my views on guns, merely serves as an example).

Drugs and porn is not morally dubious at all. Having "the community" shutting down perfectly moral sites that do a service to conceding people are no better than having the state do it.

[darkproton]

Ok, that might be true.

Just frightening to think about  selling and buying humans, organs, drugs etc. with Darkcoin on the internet, not to mention all the scams that will be easily pulled off with Darkcoin.

I've finally accepted the fact that the world is an ugly place and I simply have to protect my family from it as best I can.

On the other hand, there are beautiful places in this world, where you will find good, kind, thoughtful, funny people with all the reasons for living.  You simply have to make the choice.  Nobody,  not the government, not the police, and ultimately, not even your parents can do that for you.

^ This and this are my reasons for being invested in Darkcoin. The banks even admit they haven't got a clue how it's meant to work, and so far their methods have facilitated FAR more criminal activity worldwide than any cryptocurrency has. Look at HSBC turning a blind eye to gigantic laundered transactions for example. People will break the law with whatever they have to hand. Darksend isn't going to suddenly incite people all over the world to go and break the law when they weren't already going to do so...

precisely. Cash is the best level of anonymity, I believe, to date, however, it can not be used directly online. To counter this, one could by money order, straight mail the cash in an overnight envelope, etc, for any and all of the morally dubious scenerios of drugs, porn, people, etc. It's up to the community to shut down those sites and people from selling and offering those 'services'. An analogy would be to ban gun sales because guns get in the hands of criminals.(Note, this does not mirror my views on guns, merely serves as an example).

money can be used for good or evil

people can be good or evil

guns can be good or evil

snow can be good or evil (the snow that falls at winter times !) just making sure people dont misunderstand...

...

get my point?

yes

[TanteStefana]

Hi all
Can't understand why people are not jumping on this coin before darksand is complete ( not gunna b this price for long). Got a spot on dev who is constantly updating and active. Am I missing something or am I jumping the gun. This is the reason btc took of so well people thinking it was untraceable but now we find out it is. If half the people who don't want no one seeing there transactions from btc jump to dark  ( which is quiet a few people I reckon) we should see dark explode.. Am I missing something

Don't say that too loud  

Agreed, I bought bitcoin to buy dark again and it doesn't clear until Friday, LOL

[coins101]

The NSA is doing a great job marketing darkcoin:



If they can store all phone calls made, keeping a store of all bitcoins and linking them down the line is trivial

http://www.washingtonpost.com/world/national-security/nsa-surveillance-program-reaches-into-the-past-to-retrieve-replay-phone-calls/2014/03/18/226d2646-ade9-11e3-a49e-76adc9210f19_story.html

[darkproton]

Ok, that might be true.

Just frightening to think about  selling and buying humans, organs, drugs etc. with Darkcoin on the internet, not to mention all the scams that will be easily pulled off with Darkcoin.

I've finally accepted the fact that the world is an ugly place and I simply have to protect my family from it as best I can.

On the other hand, there are beautiful places in this world, where you will find good, kind, thoughtful, funny people with all the reasons for living.  You simply have to make the choice.  Nobody,  not the government, not the police, and ultimately, not even your parents can do that for you.

^ This and this are my reasons for being invested in Darkcoin. The banks even admit they haven't got a clue how it's meant to work, and so far their methods have facilitated FAR more criminal activity worldwide than any cryptocurrency has. Look at HSBC turning a blind eye to gigantic laundered transactions for example. People will break the law with whatever they have to hand. Darksend isn't going to suddenly incite people all over the world to go and break the law when they weren't already going to do so...

precisely. Cash is the best level of anonymity, I believe, to date, however, it can not be used directly online. To counter this, one could by money order, straight mail the cash in an overnight envelope, etc, for any and all of the morally dubious scenerios of drugs, porn, people, etc. It's up to the community to shut down those sites and people from selling and offering those 'services'. An analogy would be to ban gun sales because guns get in the hands of criminals.(Note, this does not mirror my views on guns, merely serves as an example).

Drugs and porn is not morally dubious at all. Having "the community" shutting down perfectly moral sites that do a service to conceding people are no better than having the state do it.

I do agree with you. When I wrote that, I was trying to be too morally inclusive, thinking too broadly. I should clarify. Sites that are dubious in my opinion, would be sites that exploit people and or children. My personal stance is to legalize drugs, however, I was trying to be too inclusive and should not have even said drugs. My bad

[TanteStefana]

What is this all about?



people arguing about darkcoin on coindesk!!!!

It's a non-factual claim. None were premined -- that's 0.00%. It was a fair launch and like many cryptos, early adopters enjoyed lower mining difficulty. The amount mined in the first 24h is about 2% the 84M max. I honestly wish people could let the coins compete on the quality of their features & implementations rather than manufacturing FUD.

The ONLY thing about DRK that prevents much higher prices is due to what you just said.

Current coin supply is less than 4 million DRK. 2% of 84 million is...
1.6 million, so in the first week probably 80% of the DRK was mined
No premine, but certainly a small number of people have this 80%

I have no problems with people that were smart enough and lucky enough to have mined the first 80%. Just dont keep promoting it as no-premine. It is technically true, but from a practical standpoint misleading and is an attack vector for credible complaints.

So a small number of people now have $2 million USD worth of DRK and they continue to cash out. Based on total volumes traded, there is still a long ways to go before even $1 million of that is sold.

James

Thats as true as sad.
However, 1 million is like nothing in the investment/speculation world. One individual can take this out, Not even considering crazy risk averse hedgefunds or mass media effect as as we witnessed in bitcoin the black market effect, next cyprus, china users or whatever ^^.

I seem to remember that the difficulty went up fast and that number sounds high, very high.  What's nice about the payout algorithm is that it became stable very quickly.  A new coin needs to get people excited enough to mine in the first place, as can be seen by some of these coins that started out with such low rewards that people quickly lost interest and lacked enough investment in the coin to care / stick with it.  So in my opinion, this is a must for a new coin.  BTW, those who just mined to get coins to dump did the coin a favor by distributing them amongst more of the population.

If the coin was so plentiful then why was Evan buying them up as fast as he could?  He needed them for promoting the coin and I'm certain he was mining with the best of 'em.  He was buying them 20,000 at a time.  It's obvious to me, Evan is doing this as a passion.  I didn't know until this article that just came out, how incredibly successful the young man has been but I was not at all surprised.  He's not in this for the money - well, it's a nice reward, but he has passion!

No, something doesn't smell right here, LOL, smells too rosy, too real it must scare a lot  of people.

[TanteStefana]

What would you suggest, the people who mined the first week should sell most of their coins so the price goes down and everyone else can buy cheap, and then it will rise to new heights?

Yes, the early holders should sell (dump) down to 1/10 of current price, then there would be wider distribution. Alternatively, they could give their coins away to attain wider ownership.  That will strengthen the coin.

That's a highly unnatural expectation.  You must be a Communist?  Scummie, where are you?  Rofl 

[TanteStefana]

What would you suggest, the people who mined the first week should sell most of their coins so the price goes down and everyone else can buy cheap, and then it will rise to new heights?

Yes, the early holders should sell (dump) down to 1/10 of current price, then there would be wider distribution. Alternatively, they could give their coins away to attain wider ownership.  That will strengthen the coin.

i have given away/sold about 80% of all the coins i mined from the start, so, maybe you guys should start focusing on something else, because even though some of us where here early, spend electricity on mining it, we still gave away alot of it, yes i hold some coins, but i bet some later comers have even more than i, because what they lacked of in time, they had in buying / mining capacity.

I will vouch that he must have given away a huge percentage of what he had for certain!

[TanteStefana]

And having a safe way to conduct transactions is a good thing. The very illegality of those things are what makes them so bad.
These is nothing intrinsically bad about drugs, but having made them illegal drives up risk HUGELY, and with that comes violent crime, bad quality, filled up prisons, war e.tc.

Having a safer way to conduct business drives down risk and that is good for everyone, except those who profit from the fear mongering and the steady stream of new inmates.

I'm sort of a libertarian, so I do mostly agree with what you're saying, however I do think non medicinal drugs are generally bad.  But I believe this should be countered with education and awareness.  

With money from whom? Mass education is an incredibly expensive venture - not to mention logistically extremely difficult. I'm not saying I disagree with you, I'm just making the point that ideals don't get far in real life unless the majority hold them.

I don't like the government stepping into people's lives with bans on smoking everywhere, but you have got to admit that the anti smoking campaign has been highly successful, yet it's still legal to smoke!  Tax and educate the children, make rehab available to anyone.  Of course I know the government would put the taxes into the general fund and squander it, but this violence is worse!

[AlexGR]

I just wonder why the distribution has to be so over-proportional in the beginning, well its done now but we could argue about this very much.

The algorithm was set to decrease block reward with increased difficulty, so less difficulty = more coins.

The financial aspect of the coin, ie the way the monetary base is distributed to the miners, is quite good right now to be honest and it is the prime reason why other altcoins have a diminishing market cap while DRK maintains its price and position.

If the inflation rate right now was high then DRK would not be able to maintain price and would suffer the consequences of requiring multiple times the BTCs that other coins like Vert require in order to absorb the new coins generated each day.

You can either have a constant high inflation, a diminishing curve that is still very inflationary or an accelerated diminishing curve that curbs the inflationary effect relatively early.

Bitcoin has been distributing coins for like 5 years and is still quite inflationary for its current price (3600 BTCs x 620$ = 2.23 mn USD are required each day to keep the price steady versus fiat, or half the miners have to hold their coins and just 1.1mn USD have to be invested each day to keep the price steady from half the coins dumped). That's ~400-800mn USD per year requirement, just to keep the price steady. Litecoin is like three years old and is more inflationary as it hasn't halved its reward yet.

And then you have coins that are like a few months old and have the need to distribute the monetary base but also not do so at a rate which is killing the price. Most altcoins fail in this regard due to the relatively fast issuing curve. Coin "designers" and copy/pasters that simply tweek a few parameters do not necessarily understand economics.

It's extremely difficult to emulate bitcoin's success, distribute a large number of coins, do it so that you can avoid any criticism whatsoever, avoid IPO and pre-distributed premines, keep the price at a good level etc etc. These are all conflicting with each other.

The ONLY thing about DRK that prevents much higher prices is due to what you just said.

Current coin supply is less than 4 million DRK. 2% of 84 million is...
1.6 million, so in the first week probably 80% of the DRK was mined
No premine, but certainly a small number of people have this 80%

I have no problems with people that were smart enough and lucky enough to have mined the first 80%. Just dont keep promoting it as no-premine. It is technically true, but from a practical standpoint misleading and is an attack vector for credible complaints.

So a small number of people now have $2 million USD worth of DRK and they continue to cash out. Based on total volumes traded, there is still a long ways to go before even $1 million of that is sold.

James

If DRK used a standard issuing algorithm it would be like Max and Vert (a constant dipping curve) - because it'd require tonz of BTC every day to maintain price. The fast initial curve and slower rate of production right now has solved the price-killing issue of most altcoins (proof of stake = junk solution IMO).

Regarding those who cash out etc, there were a lot of coins (hundreds of thousands) that changed hands when the price was between 0.000x and 0.0000x. So early miners did sell hundreds of thousands back then and the problem was then altered to "the investors who bought so cheap could dump later". We are talking about 50.000 coins orders or 100.000 coins sweeps on ccex, aside from "WTB XX.XXX DRK" people on the thread.

I remember the price between 0.000020 (buy side) and 0.000070 sell side (thousands of coins) and I was like "wtf, 0.000070?" - and I didn't buy because I thought the margin in favor of the sell side was enormous... If I bought back then I'd be like 20x on my investment. The opportunity was there, I can't say I didn't have it. The same is true for everyone that complains. And that's almost two weeks after launch. Then everything was sweeped up to 0.000180, and they were sweeped again up to 0.000500. So, again, who is to blame except those who didn't buy cheap (compared to current prices - which may be very cheap compared to a few years from now)?

Criticism of early-adopter advantage is a sign that a coin is doing good because everyone wanted in earlier and hitting their head on the wall. And, especially in the case of DRK, it's unfounded, because the price was very low for quite a while - and one could buy like 14k DRK for a single BTC. It's not like the early miners were asking 0.002 per coin.

[alphacenturion]

So with all this talk about early adopters - how many DRK would you be happy to hold right now? Obviously we'd all like a million of them but realistically given the risk-reward how many do you think is sufficient? Im mining and considering buying some more to bump me up to 1-2k.

[TanteStefana]

So with all this talk about early adopters - how many DRK would you be happy to hold right now? Obviously we'd all like a million of them but realistically given the risk-reward how many do you think is sufficient? Im mining and considering buying some more to bump me up to 1-2k.

I would be really happy with 2k but it's not going to happen, I'm afraid, LOL.  I'm buying some this week I hope, and this will be given to my nephews.  I'm asking them to hold on to it for at least two years.  Hopefully, by  that time, not only will it be worth something, but they'll become users of darkcoin, bringing two young men into the crypto world who might never have done so

[sippsnapp]

So with all this talk about early adopters - how many DRK would you be happy to hold right now? Obviously we'd all like a million of them but realistically given the risk-reward how many do you think is sufficient? Im mining and considering buying some more to bump me up to 1-2k.

10 is minimum,
50 is minor,
100 is good
500 recognizable
>1000 from here it gets interesting

lol

[vleroybrown]

So with all this talk about early adopters - how many DRK would you be happy to hold right now? Obviously we'd all like a million of them but realistically given the risk-reward how many do you think is sufficient? Im mining and considering buying some more to bump me up to 1-2k.

agreed