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

[oly1]

Yep, Monero is only a couple of days old and already number 24 on coinmarkedcap

Monero is clearly hyped up as a result of Darkcoin recent success, people felt they missed the Darkcoin train and are hoping to catch another anonymous train. What they are failing to see is that there is no comparison in many areas:

• 1. Monero is a clone of Bytecoin without the involvement of the original devs. Darkcoin on the other hand has a committed full time developer that has a proven track record and continuously improves on the project.
• 2. Because Monero is a clone they didnt have to dedicate a substantial amount of time to come to a first release of the coin, hence the couple of days old, but that is the same reason that further improvement will be delayed.
• 3. Most importantly Darkcoin is much more than just an anonymous coin, it has a much better financial model than competing coins, and great potential to leverage its network in other areas different from anonymity.
• 4. Evan is a dev we can trust and he will improve upon Darksend adding ring signatures or other technologies that will improve the quality of the anonymity and we will still have the masternode network which will put Darkcoin far beyond any other coin anonymous or not.
• 5.Darkcoin has proven to be resilient and to rebound in the face of dumps, it has a loyal community and holders are committed beyond price to seeing the project succeed. This is very rare to find.
• 6. Darkcoin is based on Bitcoin, so real world adoption and infrastructure is much more likely to happen quicker.

For these reasons there is a ripple effect with people looking for another Darkcoin, I am telling you Darkcoin is a one in a million investment, better just buy at current prices because the right balance of features, benefits and reliability is beyond anything these new projects are offering, it is just a ripple effect of what is happening with Dark. 

Agree +1

[Artoodeetoo]

I dont hold DRK so can be objective here... And this is how I see it...

I thought DRK was another pump and dump... Waited and waited for the bubble to pop and it didn't / hasn't.. Read more and more about the coin, liked it more and more, and I may now grab some... I am kicking myself as I should have done more research but was put off the coin by some of the comments in the VTC thread...

The fact is this coin has LOADS going for it technically. On top of that it has gained widescale support and investment, something most coins fail to capture...

There are WAY too many coins... I think there is space for a POS coin and another coin which will go on to rival / take over from LTC... This coin will be DRK (IMO)....

Yes there are clones, but why would you sell out of DRK now to try and push (for example) monero or whatever its called... However "good" it maybe its clear people have made big financial commitments to this coin.... My view on DRK now is that its position will only strengthen now, slowly and steadily it will start killing off other coins as spare BTC trickles in here as the beast grows into the ultimate predator, taking out all but 1 or 2 other strong alts...

Rather than it being up to another coin to "win" this race I now see it as being up to DRK to lose it, its got everything going for it.

EDIT to echo the sentiments above, I think people will look back on the price now in 6 months and think, why didn't I buy in.... I think considering its potential this coin is still very cheap...

[omahapoker]

should make more gambling sites that accept DRK

[salmion]

My view is other coins are going to have their day in the sun but drk will just keep trucking. Our price is stable which is what attracted me to this coin to start with. In a sea of hype and fud drk was just ticking along and slowly ticking up. From here we need to focus on what happens after evan has done all the heavy lifting. It works as value store, the reward system and master nodes and privacy keep it stable now what else can it do. To me next is getting the coin in use which is something LTC never really got to happen. And that's the communities job.

[AlexGR]

I think considering its potential this coin is still very cheap...

Coin-numbers-adjusted for an identical number of coins circulating, DRK is cheaper than DOGE and 10 times cheaper than LTC.

Doge is infinite (bad store of value) and the meme fades. LTC failed in its primary mission of ASIC resistance. Even their networks with issues like 51% resemble smaller coins so they don't even have the network security aspect going in their favor.

So the real question is why are they +20% and +900% more expensive per coin than DRK?

There are two ways to look at this:

-LTC and Doge are overpriced, so they will have to come down.
-DRK is underpriced so it will have to go up.

...if either of these perceptions sink in (because it's all related to market inertia) the only result is DRK climbing the ladder.

[dotnetmin]

I dont hold DRK so can be objective here... And this is how I see it...

I thought DRK was another pump and dump... Waited and waited for the bubble to pop and it didn't / hasn't.. Read more and more about the coin, liked it more and more, and I may now grab some... I am kicking myself as I should have done more research but was put off the coin by some of the comments in the VTC thread...

I am watching DRK for weeks now and build up a base of coins over that time. It was my second favourite after VTC. After loosing a lot of money on LTC i finally decided to cut my LTC loss and switched a quarter of them to DRK.

After it begun too rise from 130K to 200K the first time i begun to feel thinking  it is more worth to hold DRK than BTC.
The next step was trying to build up my DRK by daytrading. On the run to 640K i lost around 86 DRK i wasn´t able to buy back on a bigger loss.
Finally i transfered now all my drk from mint and cryptsy to my wallet, stored into wallet.dat, took it on serveral medium and places and
only follow this now from the sideline. I have not the skills to run a masternode and that´s the only reason why i did not fill up my wallet finally up to 1000 DRK.  

[fernando]

about http://drk.poolhash.org/masternode.html

does all asia MN are show as Singapore ?

No, at some point I remember I've seen Japan (Amazon Tokyo) listed. Maybe somewhere else, I can't remember.

[toknormal]

Finally i transfered now all my drk from mint and cryptsy to my wallet, stored into wallet.dat

Remember to print yourself a paper wallet and make sure you have the change addresses covered as well.

[ozzke]

I think considering its potential this coin is still very cheap...

Coin-numbers-adjusted for an identical number of coins circulating, DRK is cheaper than DOGE and 10 times cheaper than LTC.

Doge is infinite (bad store of value) and the meme fades. LTC failed in its primary mission of ASIC resistance. Even their networks with issues like 51% resemble smaller coins so they don't even have the network security aspect going in their favor.

So the real question is why are they +20% and +900% more expensive per coin than DRK?

There are two ways to look at this:

-LTC and Doge are overpriced, so they will have to come down.
-DRK is underpriced so it will have to go up.

...if either of these perceptions sink in (because it's all related to market inertia) the only result is DRK climbing the ladder.

I was actually thinking today about selling half of my Litecoin and buying half BTC and half DRK with it and you just convinced me to do it because I had the same perception

[Artoodeetoo]

LTC is dead.... Just will take longer to happen....

[Honest Tim]

I think considering its potential this coin is still very cheap...

Coin-numbers-adjusted for an identical number of coins circulating, DRK is cheaper than DOGE and 10 times cheaper than LTC.

Doge is infinite (bad store of value) and the meme fades. LTC failed in its primary mission of ASIC resistance. Even their networks with issues like 51% resemble smaller coins so they don't even have the network security aspect going in their favor.

So the real question is why are they +20% and +900% more expensive per coin than DRK?

There are two ways to look at this:

-LTC and Doge are overpriced, so they will have to come down.
-DRK is underpriced so it will have to go up.

...if either of these perceptions sink in (because it's all related to market inertia) the only result is DRK climbing the ladder.

This could prove to be completely irrelevant. Right now, it is where it is. Second mover advantage goes a long way, especially with lazy newcomers. 2nd place is "there for the taking", but if theres no takers...

[dotnetmin]

LTC is dead.... Just will take longer to happen....

Maybe, but also maybe not. There´s nothing that make me think it won´t go down but consider it is #2 in crypto now and will
stay for longer time on this place in future. That´s a very big advance. There are a lot of bagholders, but there are also a lot of people that
have to reach their ROI they spend on not now delivered and maybe getting worthless Asics hardware. The only way to do so is to dump all
LTC you mine. If not something strange will happen to BTC price ( uptrend ) we will see a steady LTC decline.
With all this in my mind a can not decide to dump my last LTC and convert in to DRK as i would do this with a big loss in FIAT for now.

[sgk]

LTC is dead.... Just will take longer to happen....

No original cryptos are going to die anytime in foreseeable future.

Bitcoin - the first SHA crypto
Litecoin - the first Scrypt crypto
DarkCoin - the first X11 crypto
Bytecoin - the first CryptoNote crypto

All clones / forks can kiss my bum, they won't be killing these original players.

If I had to invest my 100% fiat into a bunch of cryptos, these would be my choice.

[HiddenDark]

Statistically, it's very unlikely that Darkcoin adds much to its valuation from here ever again. If it did it would be a exception and it won't be because it has the best technology. Being in front "technologically" does jack to a coin's valuation. There are loads of coins which have way overtaken Bitcoin, Peercoin and Litecoin technologically but haven't even put a dent in their price.

What coins do you refer to here as being technologically superior to Bitcoin? I know that there are lots of coins out there with features like smart contracts, POS, smart property etc., and some of them may succeed. The main difference between them and DRK, is that DRK has just focused on improving one feature people already like about Bitcoin, anonymity, and it works right now.

[sgk]

Call me a noob, but is there anything I can read to make myself more aware of what 'Masternode Payments' are and how they work?

[kaene]

LTC is dead.... Just will take longer to happen....

No original cryptos are going to die anytime in foreseeable future.

Bitcoin - the first SHA crypto
Litecoin - the first Scrypt crypto
DarkCoin - the first X11 crypto
Bytecoin - the first CryptoNote crypto

All clones / forks can kiss my bum, they won't be killing these original players.

If I had to invest my 100% fiat into a bunch of cryptos, these would be my choice.

I have to say that within all the features Darkcoin has and will have, X11 is the most irrelevant. Of course I agree that your list has leaders while most other coins are simple clones.

[kaene]

Call me a noob, but is there anything I can read to make myself more aware of what 'Masternode Payments' are and how they work?

http://wiki.darkcoin.eu/wiki/FAQ

I believe you will get all the answers regarding MNs there.



By the way, the FAQ is long enough to start using sections

[HiddenDark]

LTC is dead.... Just will take longer to happen....

No original cryptos are going to die anytime in foreseeable future.

Bitcoin - the first SHA crypto
Litecoin - the first Scrypt crypto
DarkCoin - the first X11 crypto
Bytecoin - the first CryptoNote crypto

All clones / forks can kiss my bum, they won't be killing these original players.

If I had to invest my 100% fiat into a bunch of cryptos, these would be my choice.

I have to say that within all the features Darkcoin has and will have, X11 is the most irrelevant. Of course I agree that your list has leaders while most other coins are simple clones.

I agree. I think it's a good idea from the perspective of trying to get a good early coin distribution to have ASIC resistance, but to protect the currency you eventually need to move to ASICS

[toknormal]

What coins do you refer to here as being technologically superior to Bitcoin? I know that there are lots of coins out there with features like smart contracts, POS, smart property etc., and some of them may succeed. The main difference between them and DRK, is that DRK has just focused on improving one feature people already like about Bitcoin, anonymity, and it works right now.

Peercoin was the first major 'revision'. It had an an economic model which was thought through and much more focused on a particular role - i.e. being financial 'backbone'. This was reinforced by its high transaction fees and hybrid algo.

Then there were improvements in the algos themselves - Asic resistence, multi algo, service layers, efficiency and retargeting revisions, gravity wells etc.

What I'm saying is that having the most advanced technology isn't what gets a coin its valuation. Being seen as an 'original' certainly would appear to contribute and that's probably where DRK is strong.

[coins101]

My suggestion to any coin with a high supply such as doge coin is to relaunch it with 21-22million with free conversion of existing holdings, it's better for the community as a whole to have coins that can appreciate in value.

Some like Doge can't. Quite a few coin holders like seeing millions of Dogecoins in their wallets and tipping $0.001 here and there. It's found its niche. Its just technically challenged and has been abused by day traders for a while now. Don't get me wrong, I've never touched Dogecoin, but their community seem to enjoy their billions of coins.

Otherwise, I think you are right with other coins with high supply, but a lot of those are purposeful for the 2% premine for the devs to dump.