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

[gadado]

Why did the price start to rise now and not 1 week or 2 ago???

Did I miss any significant change or news?

[Minotaur26]

Why did the price start to rise now and not 1 week or 2 ago???

Did I miss any significant change or news?

RC1 was released on the 18th, the press release went recently out and Eddufield was testing masternode payment system yesterday which means RC2 is only days away. I do believe this was the last chance to get in  relatively cheap.

[coinzcoinzcoinz]

can't do any bloody work with the price sky rocketing  

Would anyone like to share exactly what they use to run their masternode?

What computer?


Also what do u guys think?

It's a bit small man. By the looks of it, you own less than 100 DRK?

[scottlilo]

Could anyone help me?

My wallet shows that it is currently synchronizing with the network -- however, It states that it is " 0 hours behind "

As far as i can tell, all my transactions are always up to date, and i instantly receive most payments.

My first steps to diagnose the problem were too delete peers.dat , blocks folder, and chainstate folder.

After a cold re-sync, The wallet is up to date for a few minutes before it resorts back to synchrnozing with the network with a status of " 0 hours behind " ...


When hovering over the progress bar it shows - 56,920 blocks out of 470,000 have been proccessed.

Can anyone explain this issue to me ?

Mine behaves exactly the same, but shows 56921 out of 263,460 currently. Version v0.10.3.4-38-gd79df3d-beta.

Yep, now that you say this, i went back and checked and my wallet is also now on 56,921, and has since moved on too 56,922 ..

Are our wallets simply processing information slowly? Or is something the matter?

i have the same problem. from time to time my wallet shows that its on block 56950 (current block) out of XXXXXXXX an insanely high number but it says its 0 hours behind. Then after some time it switches back to synched and then back to 0 hours

Yes it can be explained:

chaeplin
https://bitcointalk.org/index.php?topic=421615.msg6370649#msg6370649

gadado
https://bitcointalk.org/index.php?topic=421615.msg6210909#msg6210909


So there are more than just 2 ppl. Maybe the dev should start to take this issue serious.

Agreed, The issue is reoccuring for me. Chaeplin's instructions were a little confusing for me to follow - did it solve the issue?

Could DEV please comment on the severity of this issue? Is it simply not an issue? Not sure =/

[eduffield]

Could anyone help me?

My wallet shows that it is currently synchronizing with the network -- however, It states that it is " 0 hours behind "

As far as i can tell, all my transactions are always up to date, and i instantly receive most payments.

My first steps to diagnose the problem were too delete peers.dat , blocks folder, and chainstate folder.

After a cold re-sync, The wallet is up to date for a few minutes before it resorts back to synchrnozing with the network with a status of " 0 hours behind " ...


When hovering over the progress bar it shows - 56,920 blocks out of 470,000 have been proccessed.

Can anyone explain this issue to me ?

Mine behaves exactly the same. Version v0.10.3.4-38-gd79df3d-beta.

Grab RC1, the version is v0.10.4.0. There was a bug with downloading blocks in the previous beta. I just tested both updated versions with no problem

[scottlilo]

Could anyone help me?

My wallet shows that it is currently synchronizing with the network -- however, It states that it is " 0 hours behind "

As far as i can tell, all my transactions are always up to date, and i instantly receive most payments.

My first steps to diagnose the problem were too delete peers.dat , blocks folder, and chainstate folder.

After a cold re-sync, The wallet is up to date for a few minutes before it resorts back to synchrnozing with the network with a status of " 0 hours behind " ...


When hovering over the progress bar it shows - 56,920 blocks out of 470,000 have been proccessed.

Can anyone explain this issue to me ?

Mine behaves exactly the same. Version v0.10.3.4-38-gd79df3d-beta.

Grab RC1, the version is v0.10.4.0. There was a bug with downloading blocks in the previous beta

Ok thanks for the prompt response! I was under impression that RC1 was optional.

Edit: Can confirm - RC1 has resolved the issue.

[MyFarm]

I've taken a step back from this thread for awhile and came back today.  I notice some people are still talking about Darkcoin being, "Instamined".

If you go through the early days of this thread, you will see me pop up.  I do not do any mining, never have.  I'm an investor and mining has never been my thing.  In the early days of this coin, there was a TREMENDOUS amount of VERY CHEAP coin available.  You will see me (and others, including the developer, Evan) posting in this thread offering to buy xx,xxx DRK for 1 bitcoin.  I can assure you that multiple deals via PM happened.  In addition, if you look at the blockchain, you will notice huge movements of coin in those early weeks.  I was literally putting up 50,000 DRK buy orders on Poloniex and THEY WERE GETTING FILLED.  And I was not the only person doing this.

Yes, early miners mined a lot of coin.  But they sold a TON of that coin as well to people like me and I have subsequently sold and distributed coin as well.  In fact, you can see me making 500 DRK donations within this thread in some of the early days, especially before KGW was implemented.  I suspect that this coin is actually quite well distributed at this point.

For the record, I only plan to sell a little DRK here and there as it goes up.  I'm an investor and in this coin for the long haul.

[Minotaur26]

When are we going to be in a Chinese exchange? We are missing half of the potential market, BTER? BTC38? Anytime soon? Maybe the dev team should talk to them.

[dadon]

I've taken a step back from this thread for awhile and came back today.  I notice some people are still talking about Darkcoin being, "Instamined".

If you go through the early days of this thread, you will see me pop up.  I do not do any mining, never have.  I'm an investor and mining has never been my thing.  In the early days of this coin, there was a TREMENDOUS amount of VERY CHEAP coin available.  You will see me (and others, including the developer, Evan) posting in this thread offering to buy xx,xxx DRK for 1 bitcoin.  I can assure you that multiple deals via PM happened.  In addition, if you look at the blockchain, you will notice huge movements of coin in those early weeks.  I was literally putting up 50,000 DRK buy orders on Poloniex and THEY WERE GETTING FILLED.  And I was not the only person doing this.

Yes, early miners mined a lot of coin.  But they sold a TON of that coin as well to people like me and I have subsequently sold and distributed coin as well.  In fact, you can see me making 500 DRK donations within this thread in some of the early days, especially before KGW was implemented.  I suspect that this coin is actually quite well distributed at this point.

For the record, I only plan to sell a little DRK here and there as it goes up.  I'm an investor and in this coin for the long haul.

damn!! i hope you kept 50k for yourself as an investment i only have 5k and i think evan that's a good ammount, hope you get rich

[Kartoff]

Seems Evan as a developer should tickle BTER to finally add DRK  

And also maybe BTC-E can add DRK to the place of FTC since DarkCoin pass FeatherCoin in market cap

[fearcoka]

can't do any bloody work with the price sky rocketing  

Would anyone like to share exactly what they use to run their masternode?

What computer?


Also what do u guys think?

It's a bit small man. By the looks of it, you own less than 100 DRK?

Yeah it is, this is the boat used to get to my REAL boat. We call it the passenger orgy

[BlockChains]

Why did the price start to rise now and not 1 week or 2 ago???

Did I miss any significant change or news?

The main change that has occurred is that DRK coin was in its own bearish trend for the last several months. I believe it initiated when the theft occurred at C-Cex and many, many DRK kept being dumped on Poloniex.  So while the rest of the alt currency space saw its own down trend that had a spectacular reversal (particularly with BC leading the charge) DRK was still in its own Bear trend.  With the recent run up with the release of RC 1 there was a test of that bearish sentiment and a reversal appeared to occur.   Now that the market has formed a very bullish pattern of cup and handle on the daily charts the order book is getting very thin at these prices and multiple whales who had been waiting on the sideline for confirmation have obviously been moving in to get a piece of DRK.

 The difference between a bear trend and a bull trend is that in a bear trend the market "bear"ly (sorry) reacts to any positive news, but has an over-exaggerated response to negative news.  In a bull market that is reversed. While there were plenty of updates and developments in the DRK space during the last two months they hardly made any impact on the price before encountering waves of selling pressure. Now every bit of positive news should make the price rise significantly.  DRK being one of the few coins with TRULY innovative functionality will make it a serious contender in the altcoin space in the next 6 months to year.

I think now that the DRK market has been released from the stranglehold of the bear trend it will start to reflect some of the recent developments:  
One, Dark send is functional;
Two, The maximum coin limit has been set at ~22 Million which was lower than the ~80 million it was for a time;
Three, X11 is its own very innovative mining algorithm;
Four, Dark Gravity Wave is its own unique difficulty adjustment functionality;
Five; the master node functionality is its own innovation which gives whales incentive to load up on 1000 blocks of DRK because now they act somewhat analogously to miners/PoS.  

All that, and we have a known upcoming news event that is virtually guaranteed to raise the price, which is the release of Open Source. Actually according to Evan's timeline, 3 upcoming news events:
 One, RC 2 which gives master node income generating functionality;  
Two, a "trusted third party" vets the code;
Three, the release of the code as fully open source.

 The coin has one of the most innovative Devs in the alt space.  He is one of the only Alt devs I see playing in the same league of intellect as Satoshi Nakamoto.  To get an idea of where DRK is goin one only need to look at the other recent hot investments in the Cryptospace.  Look at Safecoin. They were able to raise $8 million in a day with just hype. They are suspiciously similar to namecoin in concept. $8 million dollars is over twice DRK's current market cap.  If $8 Million flowed into an existing coin and not an IPO then the market cap would actually be an order of magnitude higher than $8 million because most holders actually wouldn't part with their coins at existing prices. Then look at Black Coin. The only innovation Black Coin had was how they set up multi pool which was really still a rip off of the Bitcoin Multi Pool concept, otherwise the coin's concept itself was a rip off of Mintcoin and PeerCoins PoS. I'll give it that it was a unique application of multipool functionality, instead of pointing the multipool at BTC they pointed it at an alt.  Clever, but only a fraction of the cleverness we've seen in the DRK space. And that has gotten BC up to spot 9 on coinmarketcap as of today with $11 Million, AFTER a huge pullback in BC price (4 days ago it was $20 million, ~5x DRK's current market cap).  If DRK gos up to meet or exceed BC in market cap that would put it at at virtually triple today's price.     I think the fundamentals clearly suggest that its a matter of WHEN not IF that happens (at minimum).  Barring any Black Swan events the future is looking rosy for the price indeed and its starting to look very cheap even at the current price.

[Phillis]

After reading a bit on darkcoin and the up-coming events, i went ahead and invested a portion of my BTC holdings. This is quite the promising alt and the future looks rather bright

[tifozi]

templar77 should be contacted for some initial RC1/RC2 testing

https://bitcointalk.org/index.php?topic=580256.0

[Honest Tim]

Why did the price start to rise now and not 1 week or 2 ago???

Did I miss any significant change or news?

The main change that has occurred is that DRK coin was in its own bearish trend for the last several months. I believe it initiated when the theft occurred at C-Cex and many, many DRK kept being dumped on Poloniex.  So while the rest of the alt currency space saw its own down trend that had a spectacular reversal (particularly with BC leading the charge) DRK was still in its own Bear trend.  With the recent run up with the release of RC 1 there was a test of that bearish sentiment and a reversal appeared to occur.   Now that the market has formed a very bullish pattern of cup and handle on the daily charts the order book is getting very thin at these prices and multiple whales who had been waiting on the sideline for confirmation have obviously been moving in to get a piece of DRK.

 The difference between a bear trend and a bull trend is that in a bear trend the market "bear"ly (sorry) reacts to any positive news, but has an over-exaggerated response to negative news.  In a bull market that is reversed. While there were plenty of updates and developments in the DRK space during the last two months they hardly made any impact on the price before encountering waves of selling pressure. Now every bit of positive news should make the price rise significantly.  DRK being one of the few coins with TRULY innovative functionality will make it a serious contender in the altcoin space in the next 6 months to year.

I think now that the DRK market has been released from the stranglehold of the bear trend it will start to reflect some of the recent developments:  
One, Dark send is functional;
Two, The maximum coin limit has been set at ~22 Million which was lower than the ~80 million it was for a time;
Three, X11 is its own very innovative mining algorithm;
Four, Dark Gravity Wave is its own unique difficulty adjustment functionality;
Five; the master node functionality is its own innovation which gives whales incentive to load up on 1000 blocks of DRK because now they act somewhat analogously to miners/PoS.  

All that, and we have a known upcoming news event that is virtually guaranteed to raise the price, which is the release of Open Source. Actually according to Evan's timeline, 3 upcoming news events:
 One, RC 2 which gives master node income generating functionality;  
Two, a "trusted third party" vets the code;
Three, the release of the code as fully open source.

 The coin has one of the most innovative Devs in the alt space.  He is one of the only Alt devs I see playing in the same league of intellect as Satoshi Nakamoto.  To get an idea of where DRK is goin one only need to look at the other recent hot investments in the Cryptospace.  Look at Safecoin. They were able to raise $8 million in a day with just hype. They are suspiciously similar to namecoin in concept. $8 million dollars is over twice DRK's current market cap.  If $8 Million flowed into an existing coin and not an IPO then the market cap would actually be an order of magnitude higher than $8 million because most holders actually wouldn't part with their coins at existing prices. Then look at Black Coin. The only innovation Black Coin had was how they set up multi pool which was really still a rip off of the Bitcoin Multi Pool concept, otherwise the coin's concept itself was a rip off of Mintcoin and PeerCoins PoS. I'll give it that it was a unique application of multipool functionality, instead of pointing the multipool at BTC they pointed it at an alt.  Clever, but only a fraction of the cleverness we've seen in the DRK space. And that has gotten BC up to spot 9 on coinmarketcap as of today with $11 Million, AFTER a huge pullback in BC price (4 days ago it was $20 million, ~5x DRK's current market cap).  If DRK gos up to meet or exceed BC in market cap that would put it at at virtually triple today's price.     I think the fundamentals clearly suggest that its a matter of WHEN not IF that happens (at minimum).  Barring any Black Swan events the future is looking rosy for the price indeed and its starting to look very cheap even at the current price.

great post sir.

[coins101]

can't do any bloody work with the price sky rocketing  

Would anyone like to share exactly what they use to run their masternode?

What computer?


Also what do u guys think?

Looks like the DRK Explorer. You inviting everyone on for final release / launch drinks?

[AlexGR]

templar77 should be contacted for some initial RC1/RC2 testing

https://bitcointalk.org/index.php?topic=580256.0

Hmmm... this reinforces my suspicion that some altcoin pumps are done with hacked BTCs for laundering purposes: https://bitcointalk.org/index.php?topic=421615.msg6220365#msg6220365

I guess we'll see a lot of IPO participations, pumps etc with this type of money.

[ArpFlush]

After reading a bit on darkcoin and the up-coming events, i went ahead and invested a portion of my BTC holdings. This is quite the promising alt and the future looks rather bright

Dito, sure it's a good investment!

[slapper]

templar77 should be contacted for some initial RC1/RC2 testing

https://bitcointalk.org/index.php?topic=580256.0

Hmmm... this reinforces my suspicion that some altcoin pumps are done with hacked BTCs for laundering purposes: https://bitcointalk.org/index.php?topic=421615.msg6220365#msg6220365

I guess we'll see a lot of IPO participations, pumps etc with this type of money.

Absolutely, although Mt.GOX coins will be used for very high level IPOs like Safecoin (Ethereum down the road), BTC sidechains etc among other high profile laundering and liquidation. Blackcoin was just regular BTC whales pumping and dumping.

[AlexGR]

templar77 should be contacted for some initial RC1/RC2 testing

https://bitcointalk.org/index.php?topic=580256.0

Hmmm... this reinforces my suspicion that some altcoin pumps are done with hacked BTCs for laundering purposes: https://bitcointalk.org/index.php?topic=421615.msg6220365#msg6220365

I guess we'll see a lot of IPO participations, pumps etc with this type of money.

Absolutely, although Mt.GOX coins will be used for very high level IPOs like Safecoin (Ethereum down the road), BTC sidechains etc among other high profile laundering and liquidation. Blackcoin was just regular BTC whales pumping and dumping.

There were tens of thousands of BTCs in erratic buying patterns of the kind that only a BTC holder that doesn't really value their BTC would pull off. And who doesn't value their BTCs? Those who didn't really earn them or pay for them (=they hacked them / stole them etc). I doubt rational investors "saw the light" with BC and started pouring millions to it, panic buying like there's no tomorrow.