Shojayxt... im going to give you the same respect back. First off, im going to assume that your fairly intuitive, and would figure that why would a person like me be on here. You would probably guess that i to have my agenda sort of speak. i did some very indept research and became acquainted to Evan and Internet Ape and what the plan was going to be back in January, though they had been working on it already alot earlier.
As part of my own private crypto investment group... we spent alot of time discussing not only darkcoin but several other potential coins. It became evident that nothing had the robust vision that was being purposed by darkcoin. we had as a collective a vast experience base in crypto investments. One of the requirements we had was that we were looking for long term solution to wto specific concerns to us, security, anonymous transactions as well as a look to coming out with real world solutions for the retail and merchant space. Our collective groups background is from IT and software engineering , mine was having developed a software billing system for at&t and MCI, to retail merchants, investment advisors and even a doctor. This gave us a great prospective on what it would take resource wise, to tackle this. We were also aware of what the development cycle would be like and the hurdles that were going to come.
To be honest... couple of things that irritated us was the advertising of firm dates on deliverables as we knew those virtually meant nothing due to the nature of what was being proposed. the other thing that worried us was the the meteoric price raise. We could fore tell that this was going to be a recipe for trouble... and here we are. Obviously no one is thrilled with the price drop that goes with out saying though it was not unexpected.
I think there are those here that have done a deservice to this coin in the short haul buy shouting from roof tops dates and price targets and when those arent met less savey investors start to panic. we had experienced this numerous times in BTC, not certain if your familiar when BTC was at $22 then fell to $3. this happened a number of times to BTC... drove people crazy. We knew what was coming price wise fir dark, because we saw it happen a number if times with Bitcoin.
Do I have doubts about Drk? No way... because the fundamentals are still there that we invested in... is the pricing down trend irritating yes. Doubts, we have non because we've collectively been here before, we know what to expect, people like you doing what your doing.... we've seen it all before... and im sure we'll see many more of you. Let me tell you and those looking to invest on Darkcoin, we knew to stay invested in BTC at that time. We heard many like you ... dump BTC for $3 like your advising to do now. Never Mr. Shojayxt. Your right... im not a moron nor is my investment group, we play to win Shojayxt... and we know exactly what we're doing and why we are amassing darkcoins! History again will prove me right.
Mr. Shojayxt... we're not some kids throwing some dollars around. We are professional investors that know what the hell we're doing. Collectively Between us... we hold a sizable chunk of this coin. And let be me very frank with you Mr. Shojayxt... we didnt invest in this to just run this up to just $50/drk. We can assure you we are in the next few years expecting far, FAR bigger numbers. So to investors in Darkcoin ... this is isnt a pump. You figure out the rest. Richard
I think there are those here that have done a deservice to this coin in the short haul buy shouting from roof tops dates and price targetsYou have numerous individuals that do nothing more than brag about themselves and insult people. That loser talking about buying a Tesla is one of the main offenders and is one of the reasons many people don't care for the Darkcoin community. Talking about killing people and all that type of nonsense.
I have only been involved with crypto for about six months. Darkcoin was the first coin I got into. I made some money off Darkcoin but made the bulk of my newfound wealth off of what was called bitmonero when it was released. I mined the crap out of that coin using EC2 instances right after it launched and nobody was mining it. I am not a supporter of that coin because it's now completely manipulated by a few people. I made a ton of money and that was my goal.
I am going to have to disagree with you about the future of Darkcoin or any other anonymous coin. If they ever start to be used for any significant amount of transactions governments will try and put a stop to their use. I'm not trying to promote any other coin I'm just making an example using another coin. Say for instance governments crack down on the use of anonymous cryptocurrency. If you were using a cryptonote coin it would be rather hard since there is no centralization. The anonymity is built into the coin. If you are using a coin that is not completely decentralized like Darkcoin using masternodes it will be easy for the government to shut it down. If a US Attorney showed up at Amazon headquarters with a court order from a Federal Judge they would shut down every masternode using their services immediately. This is one of the reasons I lost interest in Darkcoin. Because it can either be shut down or monitored due to the masternode network. I think it's a bad design with plenty of opportunity for exploits. I liken every masternode as a potential point of attack. Then couple that with the fact that there are people setting up masternodes that can't even keep malware off their home computer and the potential for exploits goes up significantly. I seriously doubt Darkcoin will have any significance just six months from now. At the end of the day it's still based off of old technology and something new will replace it. Bitcoins only saving grace is the fact that it was first and will have already been widely adopted when a newer and better form of cryptocurrency comes along. But in the end even Bitcoin will fade away replaced by something better.
Also the decision to take 20% from the miners as an incentive to operate a masternode was just plain wrong. You now have a network where the wealthiest are literally taking money out of the pockets of the little guy. And why are they getting 20% right now? They're not doing anything except holding 1000 DRK. Pay them when they start to actually perform the function they're intended to. Add to that that the amount of actual masternode owners is a very small percentage of people invested in Darkcoin and you start to get a coin and network that resembles the network of the big banks. Darkcoin may not be centralized but it is definitely not decentralized. I think the methodology used to achieve anonymity is flawed and can't be fixed. Darkcoin has taken the wrong approach to achieve something and it's in too deep to turn back now.
The same can be said of the dominant cryptonote coin. They talk a good talk but at the end of the day the bloated blockchain is not sustainable.
So now you know why I stopped being a Darkcoin supporter.
I'll leave your thread alone for now mainly mainly because of your post but also because I actually feel sorry for the people that are deep underwater. They're suffering enough as it is. I don't need to pour salt in the wound.
Ouch!
TIME TYPE PRICE (BTC) DRK BTC
2014-07-30 06:33:43 SELL 0.00725000 23.55829703 0.17079765
2014-07-30 06:33:43 SELL 0.00725000 258.09925787 1.87121961
2014-07-30 06:33:43 SELL 0.00725182 45.26639428 0.32826374
