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

[AlexGR]

HOLY SHIT.

someone just splurged 23 btc on mintpal and wiped that 17btc sell wall at 450k satoshi

...aaaaand another exciting day in DRKland has begun

Now seriously some of these BTCs can't be legit. Earlier the price was 0.0039 both Mint and Cryptsy... a guy comes along at Mintpal and throws like 20-30 BTC buy order at 0.0045. Why would anyone do that if they had actually acquired their BTC in legitimate ways? It's an insta-loss of 10%... He would still get his DRKs if he put the buy at 0.0041. I sold everything I had at Mintpal on him and rebought at 0.004 a few seconds later.

They could also just not care about a short term loss. There is no doubt this price will fly a lot higher after RC2 so in the long run their buy was completely reasonable.

No disagreement with the fundamentals but why go over 10% of the current orderbook? Doesn't make any sense / it's not rational buying behavior.

[Lauda]

Any chance this will go to 100$/DRK?

Not anytime soon. If bitcoin goes $1000+ then it just might.

[AlexGR]

Any chance this will go to 100$/DRK?

Not anytime soon. If bitcoin goes $1000+ then it just might.

Bitcoin price is key for such a scenario, indeed. A BTC at, say, 5k USD will require only a 5fold increase in our current BTC ratio (1 DRK = 0.02 BTC x 5k USD = 100$).

[nzminer]

I have about 100K doge, should i trade it all for DRK?

[GhostPlayer]

HOLY SHIT.

someone just splurged 23 btc on mintpal and wiped that 17btc sell wall at 450k satoshi

...aaaaand another exciting day in DRKland has begun

Now seriously some of these BTCs can't be legit. Earlier the price was 0.0039 both Mint and Cryptsy... a guy comes along at Mintpal and throws like 20-30 BTC buy order at 0.0045. Why would anyone do that if they had actually acquired their BTC in legitimate ways? It's an insta-loss of 10%... He would still get his DRKs if he put the buy at 0.0041. I sold everything I had at Mintpal on him and rebought at 0.004 a few seconds later.

They could also just not care about a short term loss. There is no doubt this price will fly a lot higher after RC2 so in the long run their buy was completely reasonable.

Not disagreement with the fundamentals but why go over 10% of the current orderbook? Doesn't make any sense / it's not rational buying behavior.

Quite simply, because this is not just another coin. Masternodes require 1000DRK "deposit" to be stationary, so pretty soon, no-one will be able to have one. People who know Darkcoin are selling their kidneys for BTC to rush in.

Its a perfect whale trap.

Its is beautiful !! (... because I got over 1k just in time to never dream of)

[CoinExpert]

If it is so sought after, why is it down 60% in less than a week?

1k is not much, about $100

[coins101]

I have about 100K doge, should i trade it all for DRK?

given the uncertainty over a possible doge hard fork to change the algo and scrypt ASICs, it might be a good idea while the price of doge is not looking like moving back up to where it was 3 months ago.

[jeffminer]

HOLY SHIT.

someone just splurged 23 btc on mintpal and wiped that 17btc sell wall at 450k satoshi

...aaaaand another exciting day in DRKland has begun

Now seriously some of these BTCs can't be legit. Earlier the price was 0.0039 both Mint and Cryptsy... a guy comes along at Mintpal and throws like 20-30 BTC buy order at 0.0045. Why would anyone do that if they had actually acquired their BTC in legitimate ways? It's an insta-loss of 10%... He would still get his DRKs if he put the buy at 0.0041. I sold everything I had at Mintpal on him and rebought at 0.004 a few seconds later.

They could also just not care about a short term loss. There is no doubt this price will fly a lot higher after RC2 so in the long run their buy was completely reasonable.

Not disagreement with the fundamentals but why go over 10% of the current orderbook? Doesn't make any sense / it's not rational buying behavior.

I think its because there is a massive flight to quality going on in wider market.   New people from DOGE and BC who were expecting to get rich quick realize those coins don't have anything different and their markets are saturated so they coming here looking for unique features.

So the cats out of the bag on DRK and it is benefiting from a shake-up from elsewhere

[Lauda]

Any chance this will go to 100$/DRK?

Not anytime soon. If bitcoin goes $1000+ then it just might.

Bitcoin price is key for such a scenario, indeed. A BTC at, say, 5k USD will require only a 5fold increase in our current BTC ratio (1 DRK = 0.02 BTC x 5k USD = 100$).

The Bitcoin price depends on the market adoption. We just have to be patient, I do believe that it is possible.

[scorpio18]

DarkCoin P2Pool


address: stratum+tcp://international.servehttp.com:7903
Username: your DarkCoin address
Passoword:  Does not matter, anything!

Status p2pool:
http://international.servehttp.com:7903/static/

Recommended Settings:

./sgminer -k darkcoin -o stratum+tcp://international.servehttp.com:7903 -u WALLET -p x

[jeffminer]

I have about 100K doge, should i trade it all for DRK?

The DRK price has risen very fast obviously so usually not the time to buy.  but long term yes, obviously because it has real world features that people want where as doge is just a fad.  In this case if i didn't have any DRK and I only had DOGE i would be moving over here asap, just try and catch the dips with a lot of orders and don't worry too much about short term price as its a long term investment that can go a lot higher than the current price.

[AlexGR]

HOLY SHIT.

someone just splurged 23 btc on mintpal and wiped that 17btc sell wall at 450k satoshi

...aaaaand another exciting day in DRKland has begun

Now seriously some of these BTCs can't be legit. Earlier the price was 0.0039 both Mint and Cryptsy... a guy comes along at Mintpal and throws like 20-30 BTC buy order at 0.0045. Why would anyone do that if they had actually acquired their BTC in legitimate ways? It's an insta-loss of 10%... He would still get his DRKs if he put the buy at 0.0041. I sold everything I had at Mintpal on him and rebought at 0.004 a few seconds later.

They could also just not care about a short term loss. There is no doubt this price will fly a lot higher after RC2 so in the long run their buy was completely reasonable.

Not disagreement with the fundamentals but why go over 10% of the current orderbook? Doesn't make any sense / it's not rational buying behavior.

Quite simply, because this is not just another coin. Masternodes require 1000DRK "deposit" to be stationary, so pretty soon, no-one will be able to have one. People who know Darkcoin are selling their kidneys for BTC to rush in.

Its a perfect whale trap.

Its is beautiful !! (... because I got over 1k just in time to never dream of)

Speaking of masternodes, I was thinking the other day that implementing DarkSend into new coins will be highly problematic in terms of safety, compared to widely distributed coins implementing it. The reason is coin distribution and the very low cost of acquiring the necessary nodes to map out the network.

Say a clone coin comes out tomorrow with DarkSend and someone acquires like 50-60-70% of its marketcap with a few BTCs to run nodes. At that instant they've mapped out most of the network by controlling the vast majority of the nodes. This can't happen with a widely distributed coin that is expensive to retrieve. So, in essence, Darkcoin and other established coins with a good marketcap, have a huge advantage in terms of DarkSend functionality that can't be replicated with any degree of safety by clonecoins - unless they force DarkSends to go through a ridiculous amounts of cycles betweens nodes (like 100 times - hoping to cross a node that isn't controlled by an evil party). So why would anyone use DarkSend on a new clonecoin that might have been acquired aggressively to map it out at a very low cost?

So the cheaper a coin is, the higher the risk. So, in a way, marketcap will indirectly determine the level of safety in transacting anonymously. IPO and premine coins will be dead on arrival for DarkSends. Having said that the NSA has a huge budget and can of course purchase a lot of DRKs but in order to gain something like 30-40-50% of the coin distribution they should first send the price to the moon (the 100$ range that we mentioned earlier ).

[nzminer]

I have about 100K doge, should i trade it all for DRK?

The DRK price has risen very fast obviously so usually not the time to buy.  but long term yes, obviously because it has real world features that people want where as doge is just a fad.  In this case if i didn't have any DRK and I only had DOGE i would be moving over here asap, just try and catch the dips with a lot of orders and don't worry too much about short term price as its a long term investment that can go a lot higher than the current price.

Im thinking of exchanging all my coins for DRK, i have 100K of mintcoin and 40K of digibyte that i dont think is going anywhere fast.
I may wait for the prices to settle down first though.
I wish i could get a masternode running, i just dont have enough DRK.

[jeffminer]

I have about 100K doge, should i trade it all for DRK?

The DRK price has risen very fast obviously so usually not the time to buy.  but long term yes, obviously because it has real world features that people want where as doge is just a fad.  In this case if i didn't have any DRK and I only had DOGE i would be moving over here asap, just try and catch the dips with a lot of orders and don't worry too much about short term price as its a long term investment that can go a lot higher than the current price.

Im thinking of exchanging all my coins for DRK, i have 100K of mintcoin and 40K of digibyte that i dont think is going anywhere fast.
I may wait for the prices to settle down first though.
I wish i could get a masternode running, i just dont have enough DRK.

I wouldn't put all my btc in any one coin.  that being said i wouldnt hold any mintcoin or digibyte either and DRK is an unusual one as its totally unique out of all the coins so maybe up to 25% of portfolio in DRK wouldn't be a bad idea.

i'm not up to date on masternodes what does 1000 drk get you then?

[ntrn500]

   the price is still < $100

[jeffminer]

  the price is still < $100

yeh - so don't tard it up - this is what happened to BC lol

[nzminer]

I have about 100K doge, should i trade it all for DRK?

The DRK price has risen very fast obviously so usually not the time to buy.  but long term yes, obviously because it has real world features that people want where as doge is just a fad.  In this case if i didn't have any DRK and I only had DOGE i would be moving over here asap, just try and catch the dips with a lot of orders and don't worry too much about short term price as its a long term investment that can go a lot higher than the current price.

Im thinking of exchanging all my coins for DRK, i have 100K of mintcoin and 40K of digibyte that i dont think is going anywhere fast.
I may wait for the prices to settle down first though.
I wish i could get a masternode running, i just dont have enough DRK.

I wouldn't put all my btc in any one coin.  that being said i wouldnt hold any mintcoin or digibyte either and DRK is an unusual one as its totally unique out of all the coins so maybe up to 25% of portfolio in DRK wouldn't be a bad idea.

i'm not up to date on masternodes what does 1000 drk get you then?

A master node requires you to keep 1000DRK in its wallet, from what i understand, its needs to hold a certian amount of coins in order to be used for the coin mixing etc.
i feel like putting most of my investment in NXT as i see this being more stable in the long term, but Darkcoin, blackcoin and possibly megacoin are here to stay

[kaene]

HOLY SHIT.

someone just splurged 23 btc on mintpal and wiped that 17btc sell wall at 450k satoshi

...aaaaand another exciting day in DRKland has begun

Now seriously some of these BTCs can't be legit. Earlier the price was 0.0039 both Mint and Cryptsy... a guy comes along at Mintpal and throws like 20-30 BTC buy order at 0.0045. Why would anyone do that if they had actually acquired their BTC in legitimate ways? It's an insta-loss of 10%... He would still get his DRKs if he put the buy at 0.0041. I sold everything I had at Mintpal on him and rebought at 0.004 a few seconds later.

They could also just not care about a short term loss. There is no doubt this price will fly a lot higher after RC2 so in the long run their buy was completely reasonable.

No disagreement with the fundamentals but why go over 10% of the current orderbook? Doesn't make any sense / it's not rational buying behavior.

There are many reasons, first he/she might have that amount of BTCs in mintpal and decide to quickly buy before it gets more expensive, probably thought that a buy wall would drive the price up and therefore get more expensive to buy that amount ...

[Donho]

HOLY SHIT.

someone just splurged 23 btc on mintpal and wiped that 17btc sell wall at 450k satoshi

...aaaaand another exciting day in DRKland has begun

Now seriously some of these BTCs can't be legit. Earlier the price was 0.0039 both Mint and Cryptsy... a guy comes along at Mintpal and throws like 20-30 BTC buy order at 0.0045. Why would anyone do that if they had actually acquired their BTC in legitimate ways? It's an insta-loss of 10%... He would still get his DRKs if he put the buy at 0.0041. I sold everything I had at Mintpal on him and rebought at 0.004 a few seconds later.

They could also just not care about a short term loss. There is no doubt this price will fly a lot higher after RC2 so in the long run their buy was completely reasonable.

Not disagreement with the fundamentals but why go over 10% of the current orderbook? Doesn't make any sense / it's not rational buying behavior.

Quite simply, because this is not just another coin. Masternodes require 1000DRK "deposit" to be stationary, so pretty soon, no-one will be able to have one. People who know Darkcoin are selling their kidneys for BTC to rush in.

Its a perfect whale trap.

Its is beautiful !! (... because I got over 1k just in time to never dream of)

Speaking of masternodes, I was thinking the other day that implementing DarkSend into new coins will be highly problematic in terms of safety, compared to widely distributed coins implementing it. The reason is coin distribution and the very low cost of acquiring the necessary nodes to map out the network.

Say a clone coin comes out tomorrow with DarkSend and someone acquires like 50-60-70% of its marketcap with a few BTCs to run nodes. At that instant they've mapped out most of the network by controlling the vast majority of the nodes. This can't happen with a widely distributed coin that is expensive to retrieve. So, in essence, Darkcoin and other established coins with a good marketcap, have a huge advantage in terms of DarkSend functionality that can't be replicated with any degree of safety by clonecoins - unless they force DarkSends to go through a ridiculous amounts of cycles betweens nodes (like 100 times - hoping to cross a node that isn't controlled by an evil party). So why would anyone use DarkSend on a new clonecoin that might have been acquired aggressively to map it out at a very low cost?

So the cheaper a coin is, the higher the risk. So, in a way, marketcap will indirectly determine the level of safety in transacting anonymously. IPO and premine coins will be dead on arrival for DarkSends. Having said that the NSA has a huge budget and can of course purchase a lot of DRKs but in order to gain something like 30-40-50% of the coin distribution they should first send the price to the moon (the 100$ range that we mentioned earlier ).

But all the Masternodes ip adresses are public aren't they?
Don't you think the NSA has the power to hack/seize enough masternodes if they really wanted to? So a high masternode price doesn't necessarily reduce the risk of the NSA aquiring enough of them.

[jeffminer]

I have about 100K doge, should i trade it all for DRK?

The DRK price has risen very fast obviously so usually not the time to buy.  but long term yes, obviously because it has real world features that people want where as doge is just a fad.  In this case if i didn't have any DRK and I only had DOGE i would be moving over here asap, just try and catch the dips with a lot of orders and don't worry too much about short term price as its a long term investment that can go a lot higher than the current price.

Im thinking of exchanging all my coins for DRK, i have 100K of mintcoin and 40K of digibyte that i dont think is going anywhere fast.
I may wait for the prices to settle down first though.
I wish i could get a masternode running, i just dont have enough DRK.

I wouldn't put all my btc in any one coin.  that being said i wouldnt hold any mintcoin or digibyte either and DRK is an unusual one as its totally unique out of all the coins so maybe up to 25% of portfolio in DRK wouldn't be a bad idea.

i'm not up to date on masternodes what does 1000 drk get you then?

A master node requires you to keep 1000DRK in its wallet, from what i understand, its needs to hold a certian amount of coins in order to be used for the coin mixing etc.
i feel like putting most of my investment in NXT as i see this being more stable in the long term, but Darkcoin, blackcoin and possibly megacoin are here to stay

what is the payout if you have 1000 drk in a masternode then?