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

[coins101]

Nice Sellorder......20btc brought us from 600 to 580
I don't know how you all see it, but since Saturday I am expecting a big correction dip before we definitely go up. I wouldn't be surprised if we go back to 500-525

I've been expecting this as well.

But now I'm not so sure. The 4 hour chart has been crossing over in the last 12 hours. Usually when that happens at the end of a big rise you get huge dumping at the tops of the 5 minute waves.

But it's not happening. There have been some large cashouts but some humungous buy ins as well. I think there is currently very high demand and people are scared of loosing their coins. It's not your normal pump & dump scenario where people are trading on charts.

It appears to be a genuine long term revaluation. I was going to dump a load of coins last night because my 'pump & dump' bones were telling me it was about to crash back down to 55 or 50. Woke up this morning and it's still at 60.

If it does go down I don't think it will go down much. Also, since yesterday, the 4 hour MACD convergeance has narrowed. It's not as sharp a puncture as it was yesterday. It may just "glide on" and "glide back off" again.

The other problem with day trading at a coin like this is that there are hawks waiting for every dip. You think you're being clever by getting out at the top and then waiting for it to bottom again. But then what happens is on the way down, after a drop of just 2000 sats or something, a whale comes in and steals it from you. Before you know it your trying to get back in at a loss.

It's times like these where I think it's better to trade on fundamentals and simply take a decision if you want your coins long term or not.

Hodling.

Good view.

I don't actually mind small day traders at the moment. it spreads the circulation around and the fact the coin keeps bouncing back so quickly is positive reinforcement that its probably not your typical garden variety pump+dump scheme.

[thelonecrouton]

See what I mean ?

The 4 hour MA has stayed wide to the upside. The EMA has just flipped wide after threatening to converge.

The 4hr MACD is now almost asymptotic with the signal line after the prospect of a fairly brisk puncture a day ago.

1 hr MACD histogram is still a bit bearish but converging all the same - maybe 12 to 24 hours away from a level off / turn around.

This doesn't look like an impending plummet to 50 to me. Looks more like people are sh*t scared of losing their coins and are clinging to them for dear life.

Glad you lapsed back into English at the end there.  

I think the big price rises (which we haven't seen yet) will come from people who want to move big chunks of money around privately. They aren't going to do any tea leaf / tarot card / goat entrail graph analysis, they're just going to buy as much DRK as they need and use it.

We just need to get their attention, so they know this tool is available to them.

edit: hey InternetApe, any progress on those DRK credit card thingies? I will pay upfront for 100 of them. I'm going to put 1 DRK on each and give them away to my kids, their friends, whoever. I could do it with USB sticks but the other things look cooler.

[oveeps]

Wait for the NVIDIA GPU strong 750ti  

[LimLims]

Reaching the minimum block reward is actually a good thing for mining profitability. Previously, block reward drops as diff increases, which effectively compounds the reduction in profitability. Once the block reward becomes static, it will be easier for the price to keep up with network hashrate.

[AlexGR]

This doesn't look like an impending plummet to 50 to me. Looks more like people are sh*t scared of losing their coins and are clinging to them for dear life.

No bitcoin millionaire became a millionaire by selling at 1, 2, and 5$. So... not much temptation really with current prices.

[coins101]

The next stage of DarkSend

What type of return will you see?

- If there’s 1 capable master node, you’ll receive all payments 576*(AverageReward/10) per day

Capable Nodes, Daily Reward
1, 1094DRK
2, 547DKR
5, 218DRK
10, 109DRK
20, 54DRK
50, 21DRK
100, 11DRK

As you can see, we’ll quickly reach equilibrium with the price and at the same time this will create buying pressure raising the price more and causing the network to become increasingly secure.

Also, we can build our master node network now in the immediate. Users can buy the darkcoin needed to run one and they will just run the beta client. We'll open source the election code and hard fork to add the payments to master nodes in and our network will be secure by the time we're ready to do a full launch.

I really love the idea, thoughts?

As it currently stands with price and difficulty, master nodes should yield the most profitable rewards. For the price of a small rig, you can buy some DRK and get the same output as someone with ~50 - 100 mh/s.

The rate goes down with more nodes, but it's still a great investment at the moment. For the amount of capital, you are probably looking at a better return than an average rental property because the set-up costs are so much lower.

[alwa1]

Must we concern about the hard fork ?

[sgk]

Must we concern about the hard fork ?

Just make sure to update to latest wallet.

[ac2]

I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm


Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525,600 = 9,378,421
Feb 2024 +262,800 = 9,641,221
Feb 2026 +131,400 = 9,772,621
Feb 2028 +65,700 = 9,838,321
Feb 2030 +32,850 = 9,871,171
Feb 2032 +16,425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.



Edit: the calculations are wrong, as JGCMiner stated, the coin doesn't halve but decreases 7% yearly.
That means the cap is around 19M assuming block reward goes down to 5 within the next weeks.

Some non official websites still have old information about this:
http://altcoins.com/drk-darkcoin-cpu-anonymous-coin.html
https://cryptsy.freshdesk.com/support/discussions/topics/75119
http://crypto-coins-table.com/coins/DRK/index.php

This is a long thread...new buyers have not read it all...

Do you know that darkcoin was instamined at 500 coins per second on day 1?

Do you know that in the first 24hrs 2.2 million coins were mined?

Do you know that no windows wallet was available on day 1?

How do you feel about that?

[Phillis]

and ac2 is added to the ever growing ignore list. Don't feed the troll

[chaeplin]

How can I confirm that new stratum (NOMP) works well on RC2.
I could find the block but, couldn't check masternode payout transactions info in block explorer
(http://23.23.186.131:1234/chain/DarkCoin <- testnet block explorer is not working now)

If I find a block on testnet, is it enough for testing?
I got 500 coins, but I thought I must get 450 coins. Isn't it?

For the moment, use darkcoind getblocktemplate.
If payee is none, 500.
(no rpc command yet to check previous block payee)

[toknormal]

Do you know that in the first 24hrs 2.2 million coins were mined?

How do you feel about that?

Great.

Because at most, that instamine, if true (and if it still exists undiluted, and if it's only purpose was to 'scam' holders as opposed to doing something constructive) can only dilute the money supply by up to a half, which pales compared with the potential return.

[ac2]

and ac2 is added to the ever growing ignore list. Don't feed the troll

That is not trolling. How come none of you are concerned about this??

12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

Seriously people, learn the truth! You can't just put your head in the ground and pretend this didn't happen.

How many coins are your mining rigs producing for you? 1 maybe 2 per day...

Well, your wonderful dev and less than 10 of his friends instamined 500 coins per second on day 1.

Think about that for a minute, that is a FACT, not trolling. 500 coins per second!

How do you feel about that?

[Ed4252]

I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm


Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525,600 = 9,378,421
Feb 2024 +262,800 = 9,641,221
Feb 2026 +131,400 = 9,772,621
Feb 2028 +65,700 = 9,838,321
Feb 2030 +32,850 = 9,871,171
Feb 2032 +16,425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.



Edit: the calculations are wrong, as JGCMiner stated, the coin doesn't halve but decreases 7% yearly.
That means the cap is around 19M assuming block reward goes down to 5 within the next weeks.

Some non official websites still have old information about this:
http://altcoins.com/drk-darkcoin-cpu-anonymous-coin.html
https://cryptsy.freshdesk.com/support/discussions/topics/75119
http://crypto-coins-table.com/coins/DRK/index.php

This is a long thread...new buyers have not read it all...

Do you know that darkcoin was instamined at 500 coins per second on day 1?

Do you know that in the first 24hrs 2.2 million coins were mined?

Do you know that no windows wallet was available on day 1?

How do you feel about that?

how many were mined in the first 24 hours for bitcoin and litecoin??

[Lauda]

This doesn't look like an impending plummet to 50 to me. Looks more like people are sh*t scared of losing their coins and are clinging to them for dear life.

No bitcoin millionaire became a millionaire by selling at 1, 2, and 5$. So... not much temptation really with current prices.

Never panic sell, just hold. I check the price maybe once or twice daily at most. I'm not concerned about that.
What I'm more interested in is the development.

[Dusty11]

and ac2 is added to the ever growing ignore list. Don't feed the troll

How do you feel about that?

I hope that Evan (and the rest of the intelligent team) was the one who got the most coins since he deserves to be able to live of this coin.

[splawik21]

The next stage of DarkSend

What type of return will you see?

- If there’s 1 capable master node, you’ll receive all payments 576*(AverageReward/10) per day

Capable Nodes, Daily Reward
1, 1094DRK
2, 547DKR
5, 218DRK
10, 109DRK
20, 54DRK
50, 21DRK
100, 11DRK

As you can see, we’ll quickly reach equilibrium with the price and at the same time this will create buying pressure raising the price more and causing the network to become increasingly secure.

Also, we can build our master node network now in the immediate. Users can buy the darkcoin needed to run one and they will just run the beta client. We'll open source the election code and hard fork to add the payments to master nodes in and our network will be secure by the time we're ready to do a full launch.

I really love the idea, thoughts?

As it currently stands with price and difficulty, master nodes should yield the most profitable rewards. For the price of a small rig, you can buy some DRK and get the same output as someone with ~50 - 100 mh/s.

The rate goes down with more nodes, but it's still a great investment at the moment. For the amount of capital, you are probably looking at a better return than an average rental property because the set-up costs are so much lower.

For 140 MNs now the payment will be 7,814285714285714 drk

[toknormal]

12% of all the darkcoins that ever will be was instamined by Evan a couple of his friends on day 1.

What kind of dev launches a coin without a windows wallet?

I got into this coin because of the technology. Maybe you don't understand investments, but what matters about them is how much YOU own, not how much everyone else owns.

Thanks for advising is that the coin wasn't launched with a Windows wallet. That is about number 100 of my list of concerns right now but I appreciate it's pretty high up on yours.

So here's what I suggest you do - go back to the [ANN] archives and spend a week compiling a list of all the coins that were launched with Windows wallets and then go and plough some BTC into them. Might make you rich  

[camosoul]

The Bomb...

...can be rendered instantly useless by a one line change of code.

I disagree. LTC dev is right. BTC does well because major changes in it's functionality are not made. It isn't a moving target where people have to wonder what the code will be next week and if the Dev is going to wreck it.

How many people want to become close personal friends of the Dev just to see that the constant changes are always for the good of the people?

If you do make a one line change that fundamentally changes how the coin works, you screw the coin.

LTC still has massive market cap and value... How long have people been trashing it with arguments that don't make any sense?

One line of code. One Hundred lines of code. Doesn't matter. If you fundamentally alter the coin after Beta Testing, you completely destroy all faith in it.

[nearmiss]

I did some calculations, and unless I'm mistaken, assuming block reward goes down to 5 within the next days and diff stays there from now own, we won't even see the 11M coins, more like 10M coins ... (hopefully someone will review the calculations and confirm


Currently there are 4,268,791DRK, and the coin halves every 2 years, that means next halve will happen after 353,283 blocks, that will be after 613 days more or less, so by Jan-Feb 2016 we will have 6,035,206 DRK. After that, as follows:

Feb 2018 +1,766,415 = 7,801,621
Feb 2020 +1,051,200 = 8,852,821
Feb 2022 +525,600 = 9,378,421
Feb 2024 +262,800 = 9,641,221
Feb 2026 +131,400 = 9,772,621
Feb 2028 +65,700 = 9,838,321
Feb 2030 +32,850 = 9,871,171
Feb 2032 +16,425 = 9,887,596
...

So, unless I calculated it wrongly, it looks like the cap will be around 10M, even if block reward needs 1 or 2 months to end up at 5, we are in any case talking about less than 11M DRKs.



Edit: the calculations are wrong, as JGCMiner stated, the coin doesn't halve but decreases 7% yearly.
That means the cap is around 19M assuming block reward goes down to 5 within the next weeks.

Some non official websites still have old information about this:
http://altcoins.com/drk-darkcoin-cpu-anonymous-coin.html
https://cryptsy.freshdesk.com/support/discussions/topics/75119
http://crypto-coins-table.com/coins/DRK/index.php

This is a long thread...new buyers have not read it all...

Do you know that darkcoin was instamined at 500 coins per second on day 1?

Do you know that in the first 24hrs 2.2 million coins were mined?

Do you know that no windows wallet was available on day 1?

How do you feel about that?

how many were mined in the first 24 hours for bitcoin and litecoin??

This isn't 2009, nor the first (or one of the early) coins to launch.  Should standards not improve?