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

[Queeq]

same tx

sender -------- > mixer ----> payee
change<--------|

 

Why wouldn't you speak directly in XC topic?

[chaeplin]

same tx

sender -------- > mixer ----> payee
change<--------|

 

Why wouldn't you speak directly in XC topic?

JakeThePanda took it here.
I am not interested.

[tungfa]

thank god they deleted the messages about the political mess TanteStefana2 got us into last night !
well done Mr Admin ….>

[GhostPlayer]

 I've been sort of on an off with my lappy, but always full-on DRK through my phone. I had to dig this up just to say THANK YOU naxin !!

This is by far the ONLY "chart reading" that has caused me great confusion. I'm no trader, I'm a technologist, better still, I practice digital speleology. This is one of the best posts I've read, ever, since joining this thread... ohhh... IDK... what... page 400-600 ? When 1 DRK = 0.0016.

 I would like to thank you naxin, for such a great post!!

There is something I have noticed about this currency that I haven't seen talked about a whole lot, so I would like to point it out.

Bitcoin has a market cap of $8.4 billion. Darkcoin has a market cap of $43.5 million. Therefore BTC = 193 * DRK market cap.

Given this difference, it would logically follow that with equal support and stability, if a $1,000 dump could drop the darkcoin price 1%, it should take $193,000 for bitcoin to drop the same 1%.

However this isn't even close to what we see. Time and time again, thousands of DRK are dumped, and the price only moves a handful of percent. Now, I get clearly this is biased as you could point to times where this wasn't the case and DRK fell dramatically. Absolutley, but this isn't my point.

Let's use some real numbers to illustrate my point.



This is the BCW 15 miunte chart showing roughly the last 15 hours. First I want to note the high and low, 154 and 143, a 7.7% differential.

Next, notice the 3 major dumps, the first for ~5000, the next 3500, and the last 4300. 12,800 DRK dumped ~= 185 BTC ~= $120,000.

In this time period, $120,000 was dumped and the price didn't even move 8%! And saying it moved that much is incredibly generous, as the first dump dropped the price < 1%, the second ~4%, and the third 2.17%.

Now let's look at bitcoin. Using the market cap differential, one should expect 185 BTC DRK dump = (185*193) = 35,700 BTC for a BTC dump. What would happen in this case? You could buy the ENTIRE sell side of the bitstamp, bitfinex, and btce order book COMBINED. And then some. Now I'll be reasonable, I realize in reality if one dumped that quantity of BTC, even if it was only on one exchange, a shit ton of buy support would be added. Realistically, I don't think the price would fall below $300, $200 worst case. But note, that is a 50% drop!!

And here is my real point. The amount of resilience and strength in the DRK market to handle dumps is incredible. The decrease in value darkcoin sustains from dumps on a nearly daily basis is substantially less than bitcoin has EVER felt.

Let me re-phrase. Darkcoin experiences dumps on a nearly daily basis resulting in 2-5% drops that relatively speaking would drop BTC 30-60%. It is that community resilience and support that comforts me in this investment. (Beyond the obvious tech, great dev, etc!)

Now to those wanting to tear me apart, let me just note this here, because I would like to believe I am one of the few reasonable people posting here (not that you all aren't entertaining!). Darkcoin isn't blowing bitcoin away anytime soon, or likely ever. Darkcoin will not be the final solution, or the best solution. And Darkcoin is not a sure thing. However, Darkcoin has the potential to impact cryptocurrencies more than anything else since bitcoin itself was released. It has the most resilient community of any coin I have ever seen. And it isn't going away anytime soon, unless there has been an "ultimate" privacy-centric coin that has "magical" features that has been developed in secret and is poised to be launched before Darksend is in true production.

tl;dr: I like my investment at the moment. It is going to take some major disturbances to rattle this coin and community to the point where that will change.

[foolio]

Fine, I didn't know that guanchayuan was asking every single day despite you explained him.

I think the only way to calm down people asking for open source is to give a date of release.

There is a rough timeline available but hard dates so far have been bad for the coin. Until it makes it to RC5, no date can really be set.

I have a question about Darksend and the open source issue.

As I understand it, it's based on the coinjoin code. Is that correct. Coinjoin was released under the  AGPL license which forbids derivative works to be distributed without source.

Is Darksend written from scratch then or is it modified from coinjoin source? If so, how is it able to be distributed without source code legally?

Coinjoin is not code, it's a concept, an idea. gmaxwell wrote about it here: https://bitcointalk.org/index.php?topic=279249.0

With that said, I assume you're talking about this github repository: https://github.com/calafou/coinjoin which is indeed AGPL. I honestly have no idea if some of Darksend's base code comes from here or not. It also sounds like the creator(s) is/are willing to work with you if you contact them.

Yes, I'm referring to the github repository. I must assume that Darksend implements the coinjoin concept from scratch, otherwise it would not be legal or right to distribute the program in object form only.

I do have full respect for the decision of the developer to release the code as he sees fit, as long as it's a completely original work... but I also have a lot of admiration and respect for GPL licensing, and I believe it should be honored. Open source software is the primary foundation upon which this whole crypto thing is possible, and the licenses ensure the public benefit of the authors' contributions are not usurped by private interests.

I did some poking around, but I didn't find an answer to verify that Darksend is not based on GPL'd code... I assume that it is not, but I was hoping someone here would know for sure.

[chaeplin]

~

Then do not quote every thing.

Use https://bitcointalk.org/index.php?topic=631052.new#new

If dev post md5 of whatever, I will do.

[DarthMuffin]

Fine, I didn't know that guanchayuan was asking every single day despite you explained him.

I think the only way to calm down people asking for open source is to give a date of release.

Fair enough.
As for the date though, it's roughly set as after RC5. Still have to complete RC3 and RC4. So, the timeline is difficult to lock down at the moment I think and they want an independent code review first to determine if there are any issues that can be fixed before open sourcing.

I think the goal is to have it locked down and as solid as possible before open source release - so that when everyone takes the tech - it's rock solid and they can't blame Evan and team for any issues and say they didn't do their due diligence on it.

Why are these builds called RC anyhow?  RC is Release Candidate, meaning it's a beta and if no problems are found and people like it then it goes gold and is released as-is.  That is not what these builds are, there is no intention to release DRK as finished after RC3 (or 4 or 5) no matter how well it goes.

Why not just use proper beta numbering?  Maybe call them milestone releases or something like that.

[JakeThePanda]

same tx

sender -------- > mixer ----> payee
change<--------|

 


First tell dev to post md5 of  whateverattached_senderaddress.

If he knows the address he should post it...

ATC is right not to post the MD5, someone could write a scrypt scanning the blockchain for all used addresses & checking there MD5.
With both start & begin addresses finding the route between is easy.

If md5 posted it should be in a encrypted file we can all download first. After the answer has been given, release the password.

there is no need, when/if somebody posts the address, I will provide the details to the other side of the transaction which will either prove they are correct or prove they are wrong

[chaeplin]

Again. Use https://bitcointalk.org/index.php?topic=631052.new#new
Do not quote every thing.

I am ignoring you

[JakeThePanda]

Again. Use https://bitcointalk.org/index.php?topic=631052.new#new
Do not quote every thing.

I am ignoring you

I didn't quote everything.  I only kept what I thought was relevant.  As you can see, I deleted all of my other posts.  I will post in the other thread.

[GhostPlayer]

Thank you for the spam. Goes well with your user name.

[slapper]

DRK/BTC and DRK/USD @ Bitfinex added to Bitcoin Checker android app.

This is an awesome app for those who haven't tried it yet.

[blackshibe]

I think we are now at a critical level for the short term. There is not so much space left to go down if I look at the 4h chart. The retracement to 0.013 was healthy, but now it really needs momentum to push it to at least 0.024-0.025 (I prefer 0.028 and up).....but yeah I know, charts are worth nothing in cryptoland

[GhostPlayer]

DRK/BTC and DRK/USD @ Bitfinex added to Bitcoin Checker android app.

This is an awesome app for those who haven't tried it yet.

For iOS, Coin Ticker is bloody amazing. Unfortunately for the dev, I wont be using it for much longer. I'm seriously thinking of smashing my iPhone to be eligible for trade for brand new a Oneplus One phone with CyanogenMod as OS preinstalled.

 Pretty awesome deal. You can't buy them right now, only smash the phone, which I've been wanting to do for free anyways, to my Iphone 4.

[splawik21]

DRK/BTC and DRK/USD @ Bitfinex added to Bitcoin Checker android app.

This is an awesome app for those who haven't tried it yet.

+1 addmit.

[RUEHL]

Just read the CRY white paper recently released, seems like a joke.  Obvious pump and dump coin.

[GhostPlayer]

Just read the CRY white paper recently released, seems like a joke.  Obvious pump and dump coin.

Man, that is totally retarded, that whitepaper. 

[LimLims]

Yes, I'm referring to the github repository. I must assume that Darksend implements the coinjoin concept from scratch, otherwise it would not be legal or right to distribute the program in object form only.

I do have full respect for the decision of the developer to release the code as he sees fit, as long as it's a completely original work... but I also have a lot of admiration and respect for GPL licensing, and I believe it should be honored. Open source software is the primary foundation upon which this whole crypto thing is possible, and the licenses ensure the public benefit of the authors' contributions are not usurped by private interests.

I did some poking around, but I didn't find an answer to verify that Darksend is not based on GPL'd code... I assume that it is not, but I was hoping someone here would know for sure.

Here's my take on this: I'm a huge supporter of the open source movement, and I believe licenses and authors' work should be respected. I don't know whether Evan has used GPL code in his coinjoin implementation, but either way, he has stated his intention to open source it when it's fully functional. It should be noted that darksend is not currently included in the production release of darkcoin. I believe there are good reasons for keeping the darksend source closed until it's fully functional, and I respect that decision. I also believe the community should & will hold Evan to his stated intention of releasing the source when it's ready. If I were the author of any GPL code used in Darksend, I'd be totally fine with his approach, as long as it was open sourced upon the production release.

[GhostPlayer]

Yes, I'm referring to the github repository. I must assume that Darksend implements the coinjoin concept from scratch, otherwise it would not be legal or right to distribute the program in object form only.

I do have full respect for the decision of the developer to release the code as he sees fit, as long as it's a completely original work... but I also have a lot of admiration and respect for GPL licensing, and I believe it should be honored. Open source software is the primary foundation upon which this whole crypto thing is possible, and the licenses ensure the public benefit of the authors' contributions are not usurped by private interests.

I did some poking around, but I didn't find an answer to verify that Darksend is not based on GPL'd code... I assume that it is not, but I was hoping someone here would know for sure.

Here's my take on this: I'm a huge supporter of the open source movement, and I believe licenses and authors' work should be respected. I don't know whether Evan has used GPL code in his coinjoin implementation, but either way, he has stated his intention to open source it when it's fully functional. It should be noted that darksend is not currently included in the production release of darkcoin. I believe there are good reasons for keeping the darksend source closed until it's fully functional, and I respect that decision. I also believe the community should & will hold Evan to his stated intention of releasing the source when it's ready. If I were the author of any GPL code used in Darksend, I'd be totally fine with his approach, as long as it was open sourced upon the production release.

Wont this be part of the vetting process? We have gmaxwell confirmed, Kritov tweeted he'd love a bite at it, and with a cheery on top plus loads of luck A.A. (who I suspect is keeping a close eye on DRK), if he's not too busy auditing and giving talks all around the planet...

[eduffield]

Yes, I'm referring to the github repository. I must assume that Darksend implements the coinjoin concept from scratch, otherwise it would not be legal or right to distribute the program in object form only.

I do have full respect for the decision of the developer to release the code as he sees fit, as long as it's a completely original work... but I also have a lot of admiration and respect for GPL licensing, and I believe it should be honored. Open source software is the primary foundation upon which this whole crypto thing is possible, and the licenses ensure the public benefit of the authors' contributions are not usurped by private interests.

I did some poking around, but I didn't find an answer to verify that Darksend is not based on GPL'd code... I assume that it is not, but I was hoping someone here would know for sure.

Here's my take on this: I'm a huge supporter of the open source movement, and I believe licenses and authors' work should be respected. I don't know whether Evan has used GPL code in his coinjoin implementation, but either way, he has stated his intention to open source it when it's fully functional. It should be noted that darksend is not currently included in the production release of darkcoin. I believe there are good reasons for keeping the darksend source closed until it's fully functional, and I respect that decision. I also believe the community should & will hold Evan to his stated intention of releasing the source when it's ready. If I were the author of any GPL code used in Darksend, I'd be totally fine with his approach, as long as it was open sourced upon the production release.

There's no GPL code in Darksend at all, it's all MIT. http://www.opensource.org/licenses/mit-license.php