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

[doubleredrolex]

Where are all the trolls now? So peaceful without them....

DRK FTW! !!

Tao    

HAHA no kidding hey! DRK To the moon!

[alex-ru]

Is DarkTor the definite name? The word Tor is becoming a little synonymous with drugs and child porn. VPN and others not so much.

I think
DarkCoin + DarkTor + Dark... - good names to get lots of free PR (or black-PR - doesn't matter)...

When Darkcoin MarketCap will be > $1.000.000.000 - may be it'll be time for some rebranding - but it will be another story...

[sin242]

13,000 nodes, running 2m users, paying $1/day (who wouldn't pay that for anonymity). That gets you something like $60k/year per Master Node in Revenue.

We currently have around 4.5m coins, at 75% - I think that works out at 3,400 nodes. With the same revenue metrics, you would be looking at $215k per Master Node per year. Not sure on costs to run, but it can't be anywhere near that, lol..... $ signs

Hang on.

This is all going a bit gaga. We're potential headed into load of trouble here.

DRK was a currency, not a service. Its low coin supply was attractive and consistent with its role as a currency / store of value.

A currency should have NO utility value to be of any worth as a monetary medium. That's what makes crypto attractive. As soon as it starts to have utility value it goes out of circulation and becomes a utility which then exposes it to competition from other utilities.

So if we're now talking about a service, we're into a whole new ballgame. Different rules apply.

For a start, the limited coin supply is going to be a hindrance not a help. 1000 nodes is nothing in terms of a bandwidth infrastructure. You need 100's of thousands or millions because we're not just talking coin 'washing' we're talking high bandwith transport (I imagine).

Secondly, with it being a service, not a currency, there's nothing to stop other players from competing. Adoption isn't an objective anymore, revenue is. My own opinion is that a Darkcoin TOR network will never even get near the kind of income your talking about - there are so many players in this market who a way ahead in this technology. We're talking about a whole new industry sector. This is dreamland stuff.

Nobody gets to make that kind of money in a technology market and keep market share - it just doesn't happen, so lets get our feet back on the ground and establish exactly what this project is about.

This is a very big deal and must be thought through on all front before people start getting dollar signs in their eyes.

I honestly don't think that the number of people using this service (if it happens) will be as great as people are thinking.  I'm sure there will be some but if there are ever more than 1000 concurrent users i'd be very suprised.

[ImI]

[stealth923]

I honestly don't think that the number of people using this service (if it happens) will be as great as people are thinking.  I'm sure there will be some but if there are ever more than 1000 concurrent users i'd be very suprised.

Its all about the marketing - Tor is a massive pain to use, need a totally new browser, is slow, times-out.....once it catches on about DarkTor, people will leave Tor in droves for a premium service.

Especially when you can pay with Darkcoin and your entry and exit is still totally anonymous.

Its fucking genius

[Sleepyx]

Is DarkTor the definite name? The word Tor is becoming a little synonymous with drugs and child porn. VPN and others not so much.

I think
DarkCoin + DarkTor + Dark... - good names to get lots of free PR (or black-PR - doesn't matter)...

When Darkcoin MarketCap will be > $1.000.000.000 - may be it'll be time for some rebranding - but it will be another story...

You're right at this point it does make sense as everyone knows right away what it means.

That price correction  

[meatgrinder]

less then a 200 DRK to reach 0.007

 

thats pussy smoke

It was there already, that's not the big thing. Look how thin the resistance is above 0.0075. On mintpal there's literally nothing between .0106 and 0.0150.

I'm not saying it will take off again, a correction is probably more likely first. But if it does go up again quickly, it could get truly silly prices today.

How can you see the depth chart that far? In mintpal, I can only see till 0.00779. Please send me the link. Thanks.

Here's a crude method:
https://api.mintpal.com/v2/market/orders/DRK/BTC/SELL/200

How do you do that?

[oblox]

I do think a primary focus should be the decentralized exchange. Bitcoin users wanting privacy are stuck with current mixers or waiting for Darkwallet. Allow them the ability to do it easily through Dark and you beat them to the punch. Allowing a decentralized marketplace to exchange BTC into DRK and vice versa could bring in a nice new flow of BTC.

[TanteStefana2]

13,000 nodes, running 2m users, paying $1/day (who wouldn't pay that for anonymity). That gets you something like $60k/year per Master Node in Revenue.

We currently have around 4.5m coins, at 75% - I think that works out at 3,400 nodes. With the same revenue metrics, you would be looking at $215k per Master Node per year. Not sure on costs to run, but it can't be anywhere near that, lol..... $ signs

Hang on.

This is all going a bit gaga. We're potential headed into load of trouble here.

DRK was a currency, not a service. Its low coin supply was attractive and consistent with its role as a currency / store of value.

A currency should have NO utility value to be of any worth as a monetary medium. That's what makes crypto attractive. As soon as it starts to have utility value it goes out of circulation and becomes a utility which then exposes it to competition from other utilities.

So if we're now talking about a service, we're into a whole new ballgame. Different rules apply.

For a start, the limited coin supply is going to be a hindrance not a help. 1000 nodes is nothing in terms of a bandwidth infrastructure. You need 100's of thousands or millions because we're not just talking coin 'washing' we're talking high bandwith transport (I imagine).

Secondly, with it being a service, not a currency, there's nothing to stop other players from competing. Adoption isn't an objective anymore, revenue is. My own opinion is that a Darkcoin TOR network will never even get near the kind of income your talking about - there are so many players in this market who a way ahead in this technology. We're talking about a whole new industry sector. This is dreamland stuff.

Nobody gets to make that kind of money in a technology market and keep market share - it just doesn't happen, so lets get our feet back on the ground and establish exactly what this project is about.

This is a very big deal and must be thought through on all front before people start getting dollar signs in their eyes.

That sounds about right.  However, Darkcoin was always service oriented, by giving anonymity service.  I don't think the number of available coins is going to be a problem though, because of course, we can simply move the decimal point.  I don't think there is any way we would get close to 10,000 masternodes (which was the upper limit that Evan originally wanted to stay within) because it just gets far too expensive to buy.

As far as legalities, that I have no idea about.  I guess I'd just take my servers off shore if that's a problem, and use our service to access them ;P

[ImI]

now we have some OUTLOOK again. thats crucial in terms of market psychology. it doenst matter if the tor-idea is already thought through completly. just the fact that their is some perspective BEYOND going anon is important.

[Jesse Livermore]

Rocketship if we get back above .0055.
JL

Rocket.ship.
The SS DRK has liftoff.

"W" bottom (http://thepatternsite.com/bigw.html) on every timeframe 2 hours and below. Daily timeframe needs a break above .01 with higher volume than what we say yesterday to confirm that we're now in an uptrend.
Everything I see points to the lower-.008 region as next target because there's little to no resistance here immediately above us, this is all momentum movements.
Support at .005; don't break that or .0045 because that would suck.

Overall, this is all fine and dandy, but DRK needs to break .01 to really make this thing look peachy again.
JL

Mid-Upper-.008 hit; wow. Your move now, DRK.
I'm taking some off the table though. If it breaks .01 I may regret that. Overall though this kind of rate of increase ain't sustainable much longer.

[doubleredrolex]

I honestly don't think that the number of people using this service (if it happens) will be as great as people are thinking.  I'm sure there will be some but if there are ever more than 1000 concurrent users i'd be very suprised.

Its all about the marketing - Tor is a massive pain to use, need a totally new browser, is slow, times-out.....once it catches on about DarkTor, people will leave Tor in droves for a premium service.

Especially when you can pay with Darkcoin and your entry and exit is still totally anonymous.

Its fucking genius

Im excited for things to come. It IS absolutely genius. who wouldn't pay 50 cents or so for 24 hours access. Journalists will use it for sure everyday. Stock brokers.. anyone who doesn't want their stuff being seen. Absolutely brilliant.

[doubleredrolex]

Rocketship if we get back above .0055.
JL

Rocket.ship.
The SS DRK has liftoff.

"W" bottom (http://thepatternsite.com/bigw.html) on every timeframe 2 hours and below. Daily timeframe needs a break above .01 with higher volume than what we say yesterday to confirm that we're now in an uptrend.
Everything I see points to the lower-.008 region as next target because there's little to no resistance here immediately above us, this is all momentum movements.
Support at .005; don't break that or .0045 because that would suck.

Overall, this is all fine and dandy, but DRK needs to break .01 to really make this thing look peachy again.
JL

Mid-Upper-.008 hit; wow. Your move now, DRK.
I'm taking some off the table though. If it breaks .01 I may regret that. Overall though this kind of rate of increase ain't sustainable much longer.

Sure it is. Its correcting itself from the past weeks of price manipulation and poor market conditions. It could go back to where it was before at 0.020 easy.

[thelonecrouton]

I do think a primary focus should be the decentralized exchange. Bitcoin users wanting privacy are stuck with current mixers or waiting for Darkwallet. Allow them the ability to do it easily through Dark and you beat them to the punch. Allowing a decentralized marketplace to exchange BTC into DRK and vice versa could bring in a nice new flow of BTC.

People keep posting this notion but could someone draw me a diagram please because I'm not seeing how it would practically work.

Where are the magically 'clean' Bitcoins coming from?

[Sleepyx]

Rocketship if we get back above .0055.
JL

Rocket.ship.
The SS DRK has liftoff.

"W" bottom (http://thepatternsite.com/bigw.html) on every timeframe 2 hours and below. Daily timeframe needs a break above .01 with higher volume than what we say yesterday to confirm that we're now in an uptrend.
Everything I see points to the lower-.008 region as next target because there's little to no resistance here immediately above us, this is all momentum movements.
Support at .005; don't break that or .0045 because that would suck.

Overall, this is all fine and dandy, but DRK needs to break .01 to really make this thing look peachy again.
JL

Mid-Upper-.008 hit; wow. Your move now, DRK.
I'm taking some off the table though. If it breaks .01 I may regret that. Overall though this kind of rate of increase ain't sustainable much longer.

Sure it is. Its correcting itself from the past weeks of price manipulation and poor market conditions. It could go back to where it was before at 0.020 easy.

Yeah and remember 0.020 isn't worth as much as it was back then since bitcoin is down a bit so not that surprising if we see it.

[splawik21]

+101

Sooner than we all thought 

immortal

[TanteStefana2]

Sure it is. Its correcting itself from the past weeks of price manipulation and poor market conditions. It could go back to where it was before at 0.020 easy.

I agree with this.  I think the price has been.... strange at best.  I can't imagine any coin, other than Bitcoin, due to it's first mover's advantage, could be worth more than Dark.  I'm afraid we'll probably pull Bitcoin down a bit as people realize how much Darkcoin has to offer.

[Toninho]

+101

Sooner than we all thought 

immortal

[doubleredrolex]

Rocketship if we get back above .0055.
JL

Rocket.ship.
The SS DRK has liftoff.

"W" bottom (http://thepatternsite.com/bigw.html) on every timeframe 2 hours and below. Daily timeframe needs a break above .01 with higher volume than what we say yesterday to confirm that we're now in an uptrend.
Everything I see points to the lower-.008 region as next target because there's little to no resistance here immediately above us, this is all momentum movements.
Support at .005; don't break that or .0045 because that would suck.

Overall, this is all fine and dandy, but DRK needs to break .01 to really make this thing look peachy again.
JL

Mid-Upper-.008 hit; wow. Your move now, DRK.
I'm taking some off the table though. If it breaks .01 I may regret that. Overall though this kind of rate of increase ain't sustainable much longer.

Sure it is. Its correcting itself from the past weeks of price manipulation and poor market conditions. It could go back to where it was before at 0.020 easy.

Yeah and remember 0.020 isn't worth as much as it was back then since bitcoin is down a bit so not that surprising if we see it.

We'll see what happens in the next 12 hours. Seems like the biggest changes happen around 2am my time so about 8 hours from now. Thats usually when the action begins. I would love to see 0.020 to 0.030 in the next 30 days

[toknormal]

Its fucking genius

It's not fucking genius. It's potential f*cking suicide if not thought through in great detail.

Money and utility are two mutually exclusive services. You can't just stumble into a policy like this without addressing that fundamental dichotomy and work out exactly how your going to resolve it.

If demand for masternodes goes through the roof because of ROI then the coin may go out of circulation, or at least will derive all its value from a single revenue stream as opposed to a diverse micro economy. Then, along comes competition - not for the cryptocurrency but for the Dark TOR service and bang goes your revenue stream and along with it your entire cryptocurency.

On the other hand, the service aspect of the coin could act as a bootstrap mechanism in giving real value to the currency and propelling it into wider adoption and circulation....IF the fundamental dichotomy above (between monetary value and utility value) is recognised and highly controlled.

For my own part, I'm very clear. I'm investing in a currency, not an internet service provider of which there are thousands. Nor am I investing in a f*cking business.

The more utility value a currency has, the less monetary value it can have. Nothing can get round that fundamental fact and people need to have it in big neon lights in front of their noses before getting dollar signs in their eyes.