why exactly $214.5/DRK?
I did a rough calculation that gets to $1bn with increasing coin circulation. But anything north of $200 is acceptable.
What can we do to help make that happen? Preferably something else than recommending family and friends to invest in drk.
family and friends gets you to $3.
lets leave it for tomorrow to carry on......
Because of time zones, I want to kick this off and bump later. It also gives people a chance to see where I'm coming from for the discussion so we don't have a random discussion later on my suggested strategy session for getting DRK to $214.5/DRK by Nov.
Get your thinking caps on, keep your powder dry until 6pm Eastern Time, 11pm GMT
Anyone want to join - suggest freenode #darkcoin?
Firstly, given the unique features of DRK there is no reason why DRK cannot be worth $1bn by Nov 2014.
But just saying it doesn’t make it happen. If we can articulate why it will happen and then put in place the steps to help it happen, i.e. a strategy, then execute on those steps, that is what investors like to see with a project with good fundamentals which makes the investment a long-term hold:
A focal point for believing the product is good enough and the direction of travel is well thought out and solid enough over the short, medium and longer term.
What five things do you feel are needed to get us to $1bn by Nov 2014?
Here are my thoughts:
1.
Technology - Darkcoin is fundamentally about the technology. That needs to be 100% solid.
Evan is a natural leader. He wants to make a ton of money and is doing all the things needed from a technical standpoint to make it happen.
InternetApe is fantastic and works away keeping the show on the road.
We need to create a protection ring around them and anyone that joins the technical support from all the FUD.
Evan has identified many of the things needed to make Darkcoin unbeatable on a number of fronts. Even where others believe this or that alternative has better tech, they fall down in other areas.
So DRK tech is becoming very well rounded against its competition. It is emerging as a big player in the big leagues.
At some point Evan is going to get called up for interviews, so better get the technical work out the way and then the media stuff will help drive the price.
2.
Media momentum Darkcoin has a number of smart traders around. We need them to provide more input and what needs to be done on momentum to keep the price level moving upwards.
From what I can tell, news events are one of the things that drive the price of crypto.
Anticipation prevents sellers dumping and moving to the next big thing and this gives price stability and upwards momentum.
We can’t control when people write stuff in the media about Darkcoin. What we can control is milestone releases.
I think we should identify key milestones and release them every 2 weeks. Some of these milestones might be news worthy.
From Dark Gravity Wave updates, to Ring Signatures, to release updates, to IP obfuscation and news about secret development projects.
There must be a way to create RSS feeds we can create to keep people in the loop with news worthy updates. Maybe freenode every week at the same time?
We had a PR bounty to get media contact names, we should start to use that. We should also take to twitter and engage with media people, that is where they spend their lives because that is where news propagates.
Over the coming months, regulation is going to feature heavily – in a positive way. Politics now accepts crypto donations, finance firms are going to get licences for all sorts of things and exchanges are going to open up fiat-crypto options.
We need to be in the media when these things are mentioned. Privacy is newsworthy.
3.
Competitive landscapeTo get to $1bn we also need to point out why Darkcoin is better than Litecoin and a good option for Bitcoin users.
Litecoin spent a lot of time trying to get listed on big exchanges. When it did, in particular the Chinese exchanges, the price didn’t go to the moon as many expected. Instead it traded in a narrow downward range with the price linked to Bitcoin.
We have enough exchanges, more is worth having, but a bigger focus should be placed on why Litecoin and other transaction coins will be at a competitive disadvantage to the new breed of privacy coins, of which Darkcoin has the benefit of an early brand lead given the amount of exposure being in the top 10 of Coinmarketcap has provided.
Any short-term discussions about brand and logos can’t get in the way now, because of being a top 10 crypto.
Zerocash is about to get a lot of media exposure but now it should be framed with Darkcoin being mentioned. If it doesn’t, take to the comments boxes – it worked with Wired.
Litecoin is too much of a competitor of Bitcoin, despite their attempts to suggest that Litecoin is for spending and Bitcoin is for investing.
We should look at saying Darkcoin is for spending on privacy centric aspects as these are by far the most profitable payment networks. With the advent of Sidechains, Bitcoin is going to be more about the benefits that can be derived from the block chain.
Over the short-term, darkcoin can create a symbiotic relationship with Bitcoin – Darkcoin for spending on private things, Bitcoin for things you want to be on the block chain for providing analysis to verification of ownership of property rights.
This symbiotic relationship is something all the privacy centric coins will want to establish. Darkcoin has a growing exchange liquidity to make it a reality, subject to stable and rising prices linked to media coverage, linked to technical development and milestones.
4.
Expenditure focusSo this is something every coin wants – places for people to use their coin in the real world as a payment tool.
I have highlighted several places where this can happen. We need to find ways to engage with these people. Stickers for shop doors, DRK payment processors, ATMs in legal gun shops and legal cannabis outlets. DRK being used in porn should give every investor the horn - they are a good fit.
https://bitcointalk.org/index.php?topic=579976.msg6335710#msg63357105.
Parallel driveLastly, to drive the price and maintain momentum, we can’t have:
• Disarray; or
• Linear progress; or
• People wasting time on repeating the same things.
We need to be organised and have lots of people doing parallel activities and ensuring they are coordinated with few overlaps and no conflicts in either message or work.
The wiki and similar places are great places for pointing to facts and standard responses.
There are plenty of Darkcoin supporters with lots of experience and are heavily staked. We need support and input. Sitting on the side lines and waiting for the price to go up is more of a hope strategy – hope is never a strategy.
In crypto, price discovery is everything. Nothing helps push up prices better than sellers that are afraid to sell for fear of losing out. That only comes from smart hard work on the project as a team.
Nothing beats hard work to make things happen. It’s hard work on DRK, or hard work trying to pick out the next big thing from the sea of crap out there?
$1bn this Nov is within our reach. Investors, day traders, casual observers, customers and partners just need valid reasons to believe in DRK.
With Evan as lead and a good support network to clear the path for good work, $5bn next Nov is within our ability and control to achieve or throw away.
Its very easy to disappear up your own arse with some of this stuff, so feel free to challenge any or all of it.
This post by coins101 just got lost in the noise created by one fear-mongering post.
I for one think DRK is the perfect currency for the legal retail marijuana industry here in Colorado.
