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

[AlexGR]

Well there was an interesting exercise watching that flash crash after Evan's little "fright".

A lot of hands got shaken there. Talk about taking the pain quickly.

Someone was selling already much prior to the announcement: https://bitcoinwisdom.com/markets/cryptsy/drkbtc

The big red spike is far larger than those which ensued after the announcement, in terms of volume. Almost 40.000 volume.

Btw, apparently most people don't even understand what they read or the implications of what they read. Ensuring that the Masternode payment code is more ironed out before going live is a very good thing as it was obviously buggy.

Better quality = happy DRKers = happy markets.

Broken coin = sad DRKers = blood-red market.

I did not think it was bad for DRK, but I did expect a drop in price. The price rose a lot the last week in anticipation of the update, partly due to real buyers, partly due to whales pumping the coin up with the news as an excuse. Then the update is suddenly a few weeks off. The whole situation changed. Edit: And add to that people selling because they believe others will sell, and then people panic selling.

But as it happened, I came across Evan's announcement almost immediately, but my mind blocked it out because it looked like another mining pool message with its big, colored letters... so I didn't take as much advantage of the drop.

Me either, I hope it drops <0.005 in the short term to rebuy some coins I sold while trading and then lost the train upwards.

One of the successes of the pumpers in this round was that they locked out the traders who thought they were selling high (and hoping to rebuy lower)... few expected that the rise from 0.0036 would exceed 0.0054 and continue towards the 0.0065 mark, without major corrections that would allow them to buy back. I sold some at 0.0047 and then some at 0.0053 - two points I thought were good for resistance. 0.0047 I lost it completely - it went way above. 0.0053 was just a bit lower than the previous 0.0054 so I played it kind of safe there by selling slightly earlier. Yet both times it kept going up and up. I said to myself, I won't panic-buy back, I'll just wait it out for the fall so that I can get back in. But the fall never came - until today when I was asleep

If the opportunity comes to buy back my traded coins, while also ensuring a more robust and functional Dark, why not...

edit: I guess it won't happen. A guy has 160 BTC + 140 BTC (Cryptsy/Mintpal) @ 0.0052.

[1715046223]

1715046223

[blajde]

It seems like a great coin but those are things that can be done with other coins (already or very soon) why would someone go with DRK.
DOn't get me wrong I have some DRK myself (very very few) but tell why someone should hold them more if this looks like a DUMP period ?

I don't want to leave you unanswered but what are you refering too?

None is even close to DRK and what it has in store for the very near future... in any aspect.

Edit: you shouldn't treat it as any other pump and dump coin since we have so many that believe in the fundamentals and are holding for the long term not even touching the current market. it needs to be factored in aswell

[Brilliantrocket]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

[eduffield]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

I like this idea, I think we could go open source much sooner while remaining the leading privacy-centric crypto.

[thelonecrouton]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

Someone please correct me if I'm wrong, but isn't this what I2P does?

[bit0x]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

I like this idea, I think we could go open source much sooner while remaining the leading privacy-centric crypto.

First we need a market to populate darkcoin and after open source.

[watuba]

The masternode payment fork has been postponed until May 25th due to
some issues on testnet over the last couple of weeks. A few issues
have cropped up and we want the code to be more thoroughly vetted
before turning it on for mainnet. This is expected to take less than a
week, but to ensure we have enough time we've chosen May 25th.

https://darkcointalk.org/threads/postponing-masternode-payments-till-may-25th.578/#post-3427

Does this mean that the blockchain will be completely fogged using the masternodes still starting Wednesday?  Or only on the 25th?  Thanks Evan.

It's actually pretty foggy now. RC3 is the next big improvement to anonymity

I get that it's pretty foggy now.  Excellent work and innovation so far!

So, is the masternode network(the current nodes that are set up right now) being used at all up until the 25th?  Or is the activation of the masternode network included in the implementation of the "masternode payments" due out on May 25th?

[AlexGR]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

I like this idea, I think we could go open source much sooner while remaining the leading privacy-centric crypto.

First we need a market to populate darkcoin and after open source.

The transparent market is the only shop in town so far. Everyone has to opt for their shop because ...it's the only one around. It's a monopoly with 100% marketshare for all transparent coins.

An anonymous coin breaks the 7bn transparent market by giving users a new choice: Anonymity and Privacy.

In terms of growth and decline potential, things are fairly straightforward. When you have 1 established shop with 100% marketshare and a new one comes with 0% marketshare, it can go only one way... the 100% will gravitate lower and the 0% will rise / grow. The growth potential from 0 to 1% to 5% to 10% is the market you are aiming for, and that market already exists and it will continue to grow as governments escalate their crackdown on transparent coins and as users become increasingly aware of how transparent their bitcoin transactions are.

Anonymous coins can even be a hedge to negative news of the type "oh they banned Bitcoin - again", in which case you have your primary investment (Bitcoin) fall and the hedge investment (Darkcoin) rise. The reason is that what is negative news for the transparent markets could be interpreted as positive news for the anonymous market which is not regulated or does not seek regulation.

So far, due to their close affinity, all coins behave more-or-less in the same direction when bad news hit Bitcoin. But this can change in the future and have similar effects in cryptocurrency valuation as there is in FOREX where, say, USD failures ensure EUR rising and vice versa.

[jungleman]

Did all exchanges update already?

[ebolivia]

Well there was an interesting exercise watching that flash crash after Evan's little "fright".

A lot of hands got shaken there. Talk about taking the pain quickly.

Also, people now know that if they dump below 55 it's just going to blow right up in their face, so that should shut all the fudsters up who've been saying it's over valued.

It clearly isn't (unless you want to argue with the market which quite a few on here do appear to want to do ).
 

So what exactly is the significance of the 55 mark?  or is this just a number you pulled out of your ass?

[Lauda]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

I like this idea, I think we could go open source much sooner while remaining the leading privacy-centric crypto.

All in due time. This will give people the option to make copies of DRK though. With IP obfuscation, DRK would definitely be the best altcoin from a technical perspective.

[thelonecrouton]

People worrying about open-sourcing DarkSend should stop a minute and consider the whole OSS ecosystem.

Windows is for secretaries, marketing departments, and gamers. The other 99% of planet Earth's computing infrastructure runs linux. Which, as you may have heard, is open source.

We need to do it right. DRK already has marketshare, established (but evolving) infrastructure, and is real world tested. Clones and competitors are going to need divine intervention to come remotely close. And Evan has this little thing called a work ethic. Some of you will know or remember what that is.

Plus, we're all just too goddamn pretty to not win.  

[mickey_miner]

Ring signatures are going to be implemented in V2. I will begin development immediately after I opensource V1.

How do we compete against clones? Can they clone me? I work on this full time. In fact, I've only been at it four months. So far I've implemented DarkSend + X11 + DGW + Masternode payments. Plus, I've agreed to work on this project till at least Jan 2016 full time. So who on earth would invest in a clone?

Hi Evan, nice to see you come up for air, LOL

Ring Signatures too? Dark is/will be the ultimate anonymous coin then..Ring Sigs plus Masternodes, that's perfect anonymity...

Ring Signatures is good decision.  Monero uses cryptonote protocol which implements ring signature technology for untraceable payments.  It's a much simpler solution to anonymity.

I hold both coins so I want to see both succeed.  

[GhostPlayer]

Binaries for the May 25th hard fork are now available. Please update!

https://darkcointalk.org/threads/postponing-masternode-payments-till-may-25th.578/

 Someone please re-assure my semi-noobness, but I expect a pre-complied linux is short to follow?

 edit: Seek, and ye shall find.

 

[AlexGR]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

I like this idea, I think we could go open source much sooner while remaining the leading privacy-centric crypto.

All in due time. This will give people the option to make copies of DRK though.

Step 1: DRK opensources DarkSend etc.
Step 2: A clone of DRK appears.
Step 3: First remarks from posters on that thread: "So you are just a DRK clone... another shitcoin".
Step 4: Another clone of DRK appears.
Step 5: First remarks from posters on that thread: "Yet another DRK clone / yet another shitcoin".
Step 6: Another 20 clones of DRK appear
Step 7: Posters on their respective threads express their discomfort at the saturation of the shitcoin market with DRK clones, observing that if one wants to do it right, they should go with the original.

...something like that.

I think we are past the point in which shitcoins were launched every day and their value actually increased due to people buying in. Too much money was thrown away in shitcoins and many people started reconsidering their investment strategies. The point is that if you don't have something good you are dead on arrival. Fundamentals are starting to prevail on the market and people don't pay much attention to clone coins, country coins, meme coins, animal coins etc etc. PoS coins were on the rise after Blackcoin and this trend is also being curbed as the excitement factor is declining. The multiple fiascos of Whitecoin didn't help either.

[coins101]

I hope Evan can work in IP obfuscation, as Anonymint suggested. Then it would be hard to challenge DRK in any foreseeable way.

Someone please correct me if I'm wrong, but isn't this what I2P does?

http://www.reddit.com/r/onions/comments/1o6ogm/lets_talk_about_i2p/

[GhostPlayer]

 Quoting Propulsion...

Title says it all. Are there any groups of people who can work together to create a patch for both these pools?

Edit: Current Bounty Amount
250 dark from Evan and Kyle for P2pool
250 dark from Evan and Kyle for NOMP
200 dark from MyFarm for General Bounty
50 dark from Vertoe for P2pool
100 usd from Vertoe for P2pool
5 dark from ayruel for General Bounty
1 dark from yidakee for General Bounty

Total Bounty as of now. 503 dark and 100 usd for p2pool. USD Equivalent of a decent amount.

https://darkcointalk.org/threads/developement-work-for-p2pool-and-nomp-stratum-patch.360/

 I havent checked lately, but I think we have NOMP "sort-a-patched", and today heard rumours someone is attempting p2pool...?
 Anyone have a better update?

EDIT:

Yes, this will be compatible with P2Pool by the 25th. Someone is working on modifications to p2pool to support masternode payments and they say they almost have it working.

[toknormal]

I'm trying to believe in you, but it's going below your 55 mark again (at least in the poor cryptsy exchange) . Hard to predict the market. Trollers in both directions are typing fast.

Fortunately, with this coin it's not trollers that are driving the price.

Don't get me wrong - I've bought a lot of clones, but only so I can sell them again. In that type of market you're always hawkishly looking for the top with one finger permanently on the ejector-seat button.

With coins that I bought because I read about them and actually thought they had a future it's totally different. You invest because there's some real work going on that can't be reproduced. I know the technology can possibly be reproduced but it also takes people, organisation, brand recognition, investor loyalty. Only the originals really have all that and thats what your investing in, so I don't pour over the charts so much with those coins. Just buy and leave it alone.

My 55 + or - seems to be holding at the moment but I wouldn't mind if it dropped because I've seen the panic that ensues when it starts to go up and leaves people out of the market. The order book is shuffling like crazy. It's clear that there is massive demand - everyone just wants to know the optimal time to get in thats all.

[AlexGR]

Cryptsy 24hr volume:

DRK/BTC    DarkCoin    877 BTC
DOGE/BTC    Dogecoin    337 BTC   
BC/BTC    BlackCoin    238 BTC   
VTC/BTC    VertCoin    167 BTC   
LTC/BTC    LiteCoin    134 BTC   
DOGE/LTC    Dogecoin    49 BTC
RDD/BTC    ReddCoin    45.1 BTC
CINNI/BTC    CinniCoin    41.5 BTC
WDC/BTC    WorldCoin    28.7 BTC
MN2/BTC    Mining Contract 2    28.5 BTC
Points/BTC    CryptsyPoints    28.4 BTC
WC/BTC    WhiteCoin    26.5 BTC
ZET/BTC    ZetaCoin    25.0 BTC   
NXT/BTC    Nxt    24.6 BTC

[sid7039]

Interresting:
https://bitcointalk.org/index.php?topic=583449.msg6694616#msg6694616