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

[dragonmike]

Hmmm... I'm mining on xhash since last night but the last block was found only 14 hours ago... they used to crack 1 or 2 blocks an hour... Is anything wrong? :-l

[toknormal]

*************** THE REAL REASON WHY DARKWALLET IS NO SUBSTITUTE FOR DRK ************

Darkwallet is only an option for when YOU make a payment to someone else.

You've got no control over what others use to send payments to YOU. It is the latter that is far more critical because in finance, people are far more private about their INCOME than their EXPENSES. There are lots of reasons for that other than just tax evasion:

 - people set up a payment address for donations and don't want the donating addresses revealed
 - retail product vendors who don't want the blockchain addresses of their customers made public
 - people who delegate their money management to others and want to make sure they don't use a transparent wallet for consolidating their accounts

Dark wallet is useless in all of these circumstances because it relies on the SENDER making sure they use an opaque wallet.

So once again:

Dark wallet is no use for INCOME (the thing we want to protect). It's only any use for EXPENDITURE and then only when YOU spend it.

[chaeplin]

Hmmm... I'm mining on xhash since last night but the last block was found only 14 hours ago... they used to crack 1 or 2 blocks an hour... Is anything wrong? :-l

They did not update wallet.

They sit on a wrong blockchain.

Current Difficulty   96.39991956
Est. Next Difficulty   553.25268017 (Change in 1 Blocks)
Next Network Block   68619    (Current: 68618)

Real ?
next block number is 68844, next block difficulty is 2689.578

[AlexGR]

I pulled an excel sheet to check coin prices adjusted for same mintage numbers.

If all of the coins below had 10.000.000 coins in circulation (so that we can compare price per coin without having to factor in the problem of some coins having billions, other millions and other thousands of coins in circulation), the price per coin would be:

Bitcoin   $570.35
Litecoin   $29.77
Peercoin   $4.49
Dogecoin   $3.56
Nxt      $3.24
Darkcoin   $2.08
Namecoin   $1.80
Mastercoin   $1.37
BlackCoin   $0.73

The question is: Does it make sense for:

Litecoin at 29.77 and Darkcoin at 2.08?
Doge at 3.56 and Darkcoin at 2.08?

Despite the upward trend, which may, or may not be corrected, is Darkcoin "overpriced"?

If the answer is no, then one hasn't missed the train.
If the answer is yes, then where does that leave DOGE or Lite? In "epic bubble" status?

[The Koolio]

i made a nice amount. Put it like this, I didnt have to work career anymore. 

+1 internets for you sir

I just found this on an old thread from Jan 2012. The BTC price was around $6 then. Interesting to consider for all those people who says Darkcoin can't go any higher...

To put things into perspective, a table of values (with 21 million BTC).

economy size $1 $10 $100 $1,000 $10,000 $100,000 $1,000,000 $10,000,000 $100,000,000 $1,000,000,000 $10,000,000,000 $100,000,000,000 $1,000,000,000,000 $10,000,000,000,000 $100,000,000,000,000

value of 1 BTC $0.00 $0.00 $0.00 $0.00 $0.00 $0.00 $0.05 $0.48 4.76 $47.62 476.19 4,761.90 47,619.05 476,190.48 4,761,904.76

the global money supply is estimated at some USD 70 trillion. Let's assume 60 trillion for the sake of argument. This money changes hands daily to support the world economy.

1.
6 billion people in the world. Average of USD 10,000 for each person in the world. Compared with the maximum of BTC = average of 0,0035 BTC for each person in the word  

2.
If only 0.001% of all trade in the world would be done via BTC, that would replace the function of USD 600,000,000 of currency (approx USD28/BTC). Imagine if that portion would be 1%.

3.
Imagine that 6 billion people on earth all have 1 BTC in average to let their whole economy function (USD2,857,142/BTC).

4.
There is a high probability that the spreading of BTC will follow the classic rules of adoption of new ideas (provided it overcomes the current technical hurdles). On average, if 13% uses BTC, the rest will follow without a doubt.

Background:
http://en.wikipedia.org/wiki/Diffusion_of_innovations
http://www.sciencedaily.com/releases/2011/07/110725190044.htm (we just need to believe in BTC's success hard enough)

5.
Hence, it's always hoarding time....  

I see you were in BTC in the early days, Koolio. How much did you have, if you don't mind me asking?

[jk_14]

"Darkcoin [DRK] was launched on 18-Jan-2014 as “XCoin”. It is a CPU only coin with hybrid hashing algorithm using 11 rounds of scientific hashing functions
(blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, echo)."


X11 algorithm ASIC Howto:



http://eprint.iacr.org/2009/510.pdf

[dragonmike]

Hmmm... I'm mining on xhash since last night but the last block was found only 14 hours ago... they used to crack 1 or 2 blocks an hour... Is anything wrong? :-l

They did not update wallet.

They sit on a wrong blockchain.

Current Difficulty   96.39991956
Est. Next Difficulty   553.25268017 (Change in 1 Blocks)
Next Network Block   68619    (Current: 68618)

Real ?
next block number is 68844, next block difficulty is 2689.578

This is what I feared. 8 hours of mining down the toilet, grrrrr. Just switched to DRKpool. :-/

[kuanglinliang]

DRK these days very hot

[kangertech]

whatmine is in the wrong chain difficulty 50 best prof!

[ljudoed]

Hmmm... I'm mining on xhash since last night but the last block was found only 14 hours ago... they used to crack 1 or 2 blocks an hour... Is anything wrong? :-l

They did not update wallet.

They sit on a wrong blockchain.

Current Difficulty   96.39991956
Est. Next Difficulty   553.25268017 (Change in 1 Blocks)
Next Network Block   68619    (Current: 68618)

Real ?
next block number is 68844, next block difficulty is 2689.578

Sorry about that. We fixed it.
I was too busy and haven't seen the "masternode payment fork" postpone patch

[danzek]

To the moon DARK!

[coins101]

bad things happen.

things get delayed.

morale is down.

panic sell.

some people spreading FUD.

price crashing real fast.

this is all I understand.

what I dont understand is WHY OH WHY SO MANY PEOPLE MINING WHEN ITS NOT PROFITABLE TO MINE AT ALL??

do they know something that I dont?

I mean if you want darkcoin just mine pawncoin, curecoin, flappy, bitcoin-scrypt, vertcoin, charitycoin, myriad etc.

basically ANY coin is more profitable than dark.

you can buy dark by trading your coins.

I've been doing DIY multipool mining and buying DRK for about 2 weeks. It sucks jumping around.

Basically, DRK is cheaper to mine and the price rise has just made the other crap I've been mining unprofitable. Plus, they have unstable prices and poor liquidity.

I'm switching back to straight DRK today. I was mining when it was unprofitable 4 weeks ago, guess what - it was profitable all along, you just have to view the time horizon in a different way  

[dotnetmin]

People talking about wating for the dump and making BTC profits have to come to a newer thinking.

Is it worth more to have BTC than DRK? I was thinking about this since i made my last daytrades @ 260k
and lost 80 DRK i never was able to buy back. DRK for me since that is only long term, daytrading is too risky for me,
not to loose BTC but i don´t want to loose some DRK a second time.

By the way i did spend my BTC on VTC after realized i´ll won´t be able to buy back my DRK

[TanteStefana]

  Finally, after 5 months, I'll be back at gaming   Yaaay!

You too huh!    What was your game?
[/quote]

After 5 months, I don't even know!  LOL.  I'll probably play with Unity, a game creation program, see what I can learn, LOL

We're a minecraft family, but play all kinds of other games as well, but my computer has been working too hard to do anything

[haharadzha]

will exist anonymity if the majority of master node will own fbi ?

[zwiggel]

I want to explain my friends what Masternodes are and why darkcoin will only keep on rising untill the 24th of may and even untill end of June when all is done.

Could someone here perhaps take the time to write it down in some really easy details so anyone could understand? He keeps telling me to sell. I say no Masternode network is not done. He says. WTF are masternodes!?

We need this.. New people are comming here every day now. And all those people don't know what masternodes are..
I don't even hardly know how they work lol

[Spratan]

Could the richest balance, which has not stopped accumulating DRK, be BTC-E wallet ?
It makes sense (I don't want to start rumors, just asking)

[coins101]

Still running the May price survey until ~20th May.



https://bitcointalk.org/index.php?topic=579976.msg6335710#msg6335710

[zwiggel]

Could the richest balance, which has not stopped accumulating DRK, be BTC-E wallet ?
It makes sense (I don't want to start rumors, just asking)

BTC-E are dumb idiots who don't give a shit about profit I Think. They prefer to keep coins like Featercoin/Novacoin on their site instead of adding better alt coins..

BTW this isnt a crash.. This is called swings for day trading. I am happy at every peak it goes down a bit. Because that way you dont get a hugeeeee spike on the chart like Blackcoin

[AlexGR]

I want to explain my friends what Masternodes are and why darkcoin will only keep on rising untill the 24th of may and even untill end of June when all is done.

Could someone here perhaps take the time to write it down in some really easy details so anyone could understand? He keeps telling me to sell. I say no Masternode network is not done. He says. WTF are masternodes!?

We need this.. New people are comming here every day now. And all those people don't know what masternodes are..
I don't even hardly know how they work lol

http://wiki.darkcoin.eu/wiki/FAQ#What_are_Master_Nodes.3F