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

[Ozziecoin]

I am using cryptonote coins to get acquainted with them... too many problems... ram use, bloated blockchain, problematic transactions due to size limit, all-around-scaling issues in terms of cpu/ram/disk requirement, problematic adoption from exchanges/merchants etc... the only thing that seems fixable is the gui. All the rest need heavy modification or redesign to even be usable. And that's on a technical level, because on an economic level the inflation of cryptonote coins is killing the investors and those who hedged DRK with them.

I think both drk and cryptonote coins have the same opponent: a cryptonote v2 coin that solves the first generation issues and retains or even improves the anonymity capabilities. And even then it will have the question of "is it robust and safe?" - because it's a new blockchain that hasn't been time-tested as well as bitcoin has.

Thanks for the real world feedback. I guess the only thing on the horizon is zerocoin. However, I suspect Darkcoin will be "good enough" tech.

[ntrn500]

Where is your pumpers new ?! The price is still droping ! NEXT stop 0.01 ! Abandon ship !

Sell me your DRK at 0.1! Now matter how many they are.

[Terzo]

Where is your pumpers new ?! The price is still droping ! NEXT stop 0.01 ! Abandon ship !

Sell me your DRK at 0.1! Now matter how many they are.

OK, HOW ?

[ntrn500]

Where is your pumpers new ?! The price is still droping ! NEXT stop 0.01 ! Abandon ship !

Sell me your DRK at 0.1! Now matter how many they are.

OK, HOW ?

typo: at 0.01

[slapper]

do not want to hate here or anything - I still have quite a few darks which I bought early.

The big competitor for dark is NOT existing coins adding coin mixtures, the big competitors are cryptonotes who really offer trustless anonymity.

For me it was a huge turn down when evan said that he is not implementing ring signature - I see his reasoning (it basically makes the economic model of masternodes useless), but still think it is a failure not to add it.

Evan says he has something better than ring signatures.  Ring signatures are good for anonymity but they bloat up the block chain (up to 8x of bitcoin) and that will be a major barrier to any kind of large scale adoption.

If Evan's solution is 95% as anonymous and saves us from the bloat then we would be the clear choice over the cryptonote clones from a technical perspective.  His solution is planned for RC4 (July). Good things come to those that wait...

I am using cryptonote coins to get acquainted with them... too many problems... ram use, bloated blockchain, problematic transactions due to size limit, all-around-scaling issues in terms of cpu/ram/disk requirement, problematic adoption from exchanges/merchants etc... the only thing that seems fixable is the gui. All the rest need heavy modification or redesign to even be usable. And that's on a technical level, because on an economic level the inflation of cryptonote coins is killing the investors and those who hedged DRK with them.

I think both drk and cryptonote coins have the same opponent: a cryptonote v2 coin that solves the first generation issues and retains or even improves the anonymity capabilities. And even then it will have the question of "is it robust and safe?" - because it's a new blockchain that hasn't been time-tested as well as bitcoin has.

I think you are undermining XMR somewhat. The developments of a theoretical v2 will keep getting merged to v1, not to mention it is the v1 guys who have the capability and network effect to innovate for a v2 to begin with.

Short term inflation is the main problem. Blame it on the hastily released "Bitmonero", the developer didn't take community's feedbacks into account.

[Terzo]

nono i will sell the darkcoins at 0.1

[Terzo]

Now, DRK just for 0.017 . Marketcap almost as half of the third NXT !

[JGCMiner]

anybody watching mother bitcoin she is doing so well, this is going to be like november. Hope drk can grow with her

Off Topic:
You should read the Willy Report then listen to LTB115 -- there are a lot of questions related to the validity of the November price explosion.  

On Topic:
I think that DRK has gotten a really nice headstart in the race to being the widely accepted anon coin, but if Evan and growing dev team settle for "halfway" solutions (I think auto-checkpointing is a bit of a "halfway" solution to the forking problem, as AlexGR pointed out, and that it is probably best if it is only temporary) then we will get caught from behind.  

The key is to really have a ROCK SOLID piece of software in Darksend when it is released.  

[zwiggel]

Now, DRK just for 0.017 . Marketcap almost as half of the third NXT !

lol am I really seeing people here panicing because dark is down 12% and bitcoin is up? noobs lol lol lol. Go panic sell at 0.01 this is just waiting till 14th july we will jump trough 0.03 this month.......

[Kai Proctor]

lol am I really seeing people here panicing because dark is down 12% and bitcoin is up? noobs lol lol lol. Go panic sell at 0.01 this is just waiting till 14th july we will jump trough 0.03 this month.......

He is not really panicking, he admitted before that he is paid to troll this thread.

Yep , and made a good bribes money from same shitclone coins that everybody here knows . Many users here have been ofered some coin to troll. I'm just the first to say it out loud .

[uvt9]

Price and volume seems to be going down slowly each day, this is even more bad than a big dump. Price can be recovered after a dump, but slow decreasing mean people are losing interest. It's really hard to predict next bottom with this situation.

[alz]

lol am I really seeing people here panicing because dark is down 12% and bitcoin is up? noobs lol lol lol. Go panic sell at 0.01 this is just waiting till 14th july we will jump trough 0.03 this month.......

no, you are just responding to posts from a childish troll.

no one is panicking ,there is just some normal daytrading occurring.

[bitalkpl]

Now, DRK just for 0.017 . Marketcap almost as half of the third NXT !

[Joshuar]

Now, DRK just for 0.017 . Marketcap almost as half of the third NXT !

loled

[tylerderden]

i just found my old xcoin wallet.dat from mining at launch. will it work with the current wallet does anybody know? Now if I could get the cpu pool to send me the password reset email I have been trying to get for 2 months I might have a shitload of drk that i didn't know I had.

[JGCMiner]

Price and volume seems to be going down slowly each day, this is even more bad than a big dump. Price can be recovered after a dump, but slow decreasing mean people are losing interest. It's really hard to predict next bottom with this situation.

Wouldn't worry too much about the volume.  

If another alt had taken up DRKs stead and was doing 5000BTC per day like DRK was a couple weeks ago then it might be a cause for concern, but volume is down across the board at Mintpal.  Why?  Because BTC volume is up nearly 10x from a month ago now that it is on the "pump".  There are only so many traders in cryptoland.

[toknormal]

Bitcoin is possibly moon bound after this....fresh out in the last couple of hours.

http://video.cnbc.com/gallery/?video=3000281677

[nakaone]

do not want to hate here or anything - I still have quite a few darks which I bought early.

The big competitor for dark is NOT existing coins adding coin mixtures, the big competitors are cryptonotes who really offer trustless anonymity.

For me it was a huge turn down when evan said that he is not implementing ring signature - I see his reasoning (it basically makes the economic model of masternodes useless), but still think it is a failure not to add it.

Evan says he has something better than ring signatures.  Ring signatures are good for anonymity but they bloat up the block chain (up to 8x of bitcoin) and that will be a major barrier to any kind of large scale adoption.

If Evan's solution is 95% as anonymous and saves us from the bloat then we would be the clear choice over the cryptonote clones from a technical perspective.  His solution is planned for RC4 (July). Good things come to those that wait...

I am using cryptonote coins to get acquainted with them... too many problems... ram use, bloated blockchain, problematic transactions due to size limit, all-around-scaling issues in terms of cpu/ram/disk requirement, problematic adoption from exchanges/merchants etc... the only thing that seems fixable is the gui. All the rest need heavy modification or redesign to even be usable. And that's on a technical level, because on an economic level the inflation of cryptonote coins is killing the investors and those who hedged DRK with them.

I think both drk and cryptonote coins have the same opponent: a cryptonote v2 coin that solves the first generation issues and retains or even improves the anonymity capabilities. And even then it will have the question of "is it robust and safe?" - because it's a new blockchain that hasn't been time-tested as well as bitcoin has.

I think you are undermining XMR somewhat. The developments of a theoretical v2 will keep getting merged to v1, not to mention it is the v1 guys who have the capability and network effect to innovate for a v2 to begin with.

Short term inflation is the main problem. Blame it on the hastily released "Bitmonero", the developer didn't take community's feedbacks into account.

finally we move this thread back to a quality discussion - thanks for the input. regarding moneros short term inflation - it is a ethical question which in my opionon is impossible to answer with good or bad: it depends on the objectives.

I do not disrespect evans approach to make a coin (artificially) scarce for a high market cap. despite the positive side effect that your investment gets worth more there is also the effect that it secures the project by a huge hashing power. the third point is that there is not much use for an altcoin besides trading, so his idea of masternodes was very good.

but I can also follow the logic of the distribution of monero - it is probably not in short term giving huge reward (it is arguable if that is good or bad), but it is helping to get a wide user base - additionally they are STAYING to their social contract, which is in altcoins also remarkable. if you follow the development of their hashing power, you also see an exponential rise.

from an investors perspective it does not matter that much long term which project succeeds. I suspect the anonymous coin(s) winning that race to have a market cap around 10-25% of bitcoin.

let us see where this ship is going. I made my decision which project will probably succeed but I am open to different opinions.

[chaeplin]

i just found my old xcoin wallet.dat from mining at launch. will it work with the current wallet does anybody know? Now if I could get the cpu pool to send me the password reset email I have been trying to get for 2 months I might have a shitload of drk that i didn't know I had.

Backup walllet.dat.

Update wallet.



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

[oblox]

So much off the book liquidity just waiting to snatch orders. Look at how fast a 5k order sent price up to 190. Yet here we are, still with the small sellers. I have no issues with weak holders selling but it does come to a shock with what is in the pipeline. Oh well.