thelonecrouton
Legendary
 Offline
Activity: 966
Merit: 1000
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September 29, 2014, 01:06:28 PM |
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The big problems of all alts is the cheapness, no liquidity.
How to bring it to market, without throwing exorbitant amounts at the wrong people?
The fuck, Darkcoin. Lets say you want to transfer 10 mil. US $ with Darksend, good idea.
But what happens? You're out there buying DRK for 10 mil ...?
You'll drive the price, exorbitant, unreal, you'll have all the vultures on your back.
Then you Darksend to liquidate at the other end.
You liquidate DRK for 10 mil $ and the price will collapse.
Thats total shit, how you wanna solve this...?
You can't. How you wanna distribute for extended liquidity without distortion?
How you want to make your financial instrument usable?
Impossible in your model, check mate. It can't work like this.
You're out for shit and you know it.
All your shit coins are out for shit, if you trade on your intrinsic value against shit.
You need to make your method valuable, not your bloody fucking shitcoin...
You have a point, ideally we'd have a big enough marketcap to accommodate serious transfers of wealth without that swinging the current market price wildly, but that comes with time and adoption. A few years ago BTC was worth peanuts too, and even now BTC would suffer the same thing if anyone used it for big wealth transfers. Quite apart from the spot price not being particularly meaningful anyway when trading large amounts, what you miss though is that as long as the wealth gets transferred, it doesn't matter to whoever is doing it what the market value of one discrete chunk of the transfer medium is. |
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GhostPlayer
Legendary
Offline
Activity: 1092
Merit: 1000
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September 29, 2014, 01:13:06 PM |
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The big problems of all alts is the cheapness, no liquidity.
How to bring it to market, without throwing exorbitant amounts at the wrong people?
The fuck, Darkcoin. Lets say you want to transfer 10 mil. US $ with Darksend, good idea.
But what happens? You're out there buying DRK for 10 mil ...?
You'll drive the price, exorbitant, unreal, you'll have all the vultures on your back.
Then you Darksend to liquidate at the other end.
You liquidate DRK for 10 mil $ and the price will collapse.
Thats total shit, how you wanna solve this...?
You can't. How you wanna distribute for extended liquidity without distortion?
How you want to make your financial instrument usable?
Impossible in your model, check mate. It can't work like this.
You're out for shit and you know it.
All your shit coins are out for shit, if you trade on your intrinsic value against shit.
You need to make your method valuable, not your bloody fucking shitcoin...
You have a point, ideally we'd have a big enough marketcap to accommodate serious transfers of wealth without that swinging the current market price wildly, but that comes with time and adoption. A few years ago BTC was worth peanuts too, and even now BTC would suffer the same thing if anyone used it for big wealth transfers. Quite apart from the spot price not being particularly meaningful anyway when trading large amounts, what you miss though is that as long as the wealth gets transferred, it doesn't matter to whoever is doing it what the market value of one discrete chunk of the transfer medium is.Exactly... when 1000 USD = 0.0001 DRK, there is more than enough liquidity. Right now, you're spot on. What we need more than anything is merchant acceptance. Then the economy flourishes. |
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stonehedge
Legendary
Offline
Activity: 1680
Merit: 1002
Decentralize Everything
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September 29, 2014, 01:15:20 PM |
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The big problems of all alts is the cheapness, no liquidity.
How to bring it to market, without throwing exorbitant amounts at the wrong people?
The fuck, Darkcoin. Lets say you want to transfer 10 mil. US $ with Darksend, good idea.
But what happens? You're out there buying DRK for 10 mil ...?
You'll drive the price, exorbitant, unreal, you'll have all the vultures on your back.
Then you Darksend to liquidate at the other end.
You liquidate DRK for 10 mil $ and the price will collapse.
Thats total shit, how you wanna solve this...?
You can't. How you wanna distribute for extended liquidity without distortion?
How you want to make your financial instrument usable?
Impossible in your model, check mate. It can't work like this.
You're out for shit and you know it.
All your shit coins are out for shit, if you trade on your intrinsic value against shit.
You need to make your method valuable, not your bloody fucking shitcoin...
You have a point, ideally we'd have a big enough marketcap to accommodate serious transfers of wealth without that swinging the current market price wildly, but that comes with time and adoption. A few years ago BTC was worth peanuts too, and even now BTC would suffer the same thing if anyone used it for big wealth transfers. Quite apart from the spot price not being particularly meaningful anyway when trading large amounts, what you miss though is that as long as the wealth gets transferred, it doesn't matter to whoever is doing it what the market value of one discrete chunk of the transfer medium is.Exactly... when 1000 USD = 0.0001 DRK, there is more than enough liquidity. Right now, you're spot on. What we need more than anything is merchant acceptance. Then the economy flourishes. And opensource is one giant leap towards merchant acceptance. Or meerkat acceptance as my autocorrect just tried to say. |
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tungfa
Legendary
Offline
Activity: 1834
Merit: 1023
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September 29, 2014, 01:16:20 PM |
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The big problems of all alts is the cheapness, no liquidity.
How to bring it to market, without throwing exorbitant amounts at the wrong people?
The fuck, Darkcoin. Lets say you want to transfer 10 mil. US $ with Darksend, good idea.
But what happens? You're out there buying DRK for 10 mil ...?
You'll drive the price, exorbitant, unreal, you'll have all the vultures on your back.
Then you Darksend to liquidate at the other end.
You liquidate DRK for 10 mil $ and the price will collapse.
Thats total shit, how you wanna solve this...?
You can't. How you wanna distribute for extended liquidity without distortion?
How you want to make your financial instrument usable?
Impossible in your model, check mate. It can't work like this.
You're out for shit and you know it.
All your shit coins are out for shit, if you trade on your intrinsic value against shit.
You need to make your method valuable, not your bloody fucking shitcoin...
You have a point, ideally we'd have a big enough marketcap to accommodate serious transfers of wealth without that swinging the current market price wildly, but that comes with time and adoption. A few years ago BTC was worth peanuts too, and even now BTC would suffer the same thing if anyone used it for big wealth transfers. Quite apart from the spot price not being particularly meaningful anyway when trading large amounts, what you miss though is that as long as the wealth gets transferred, it doesn't matter to whoever is doing it what the market value of one discrete chunk of the transfer medium is.Exactly... when 1000 USD = 0.0001 DRK, there is more than enough liquidity. Right now, you're spot on. What we need more than anything is merchant acceptance. Then the economy flourishes. Amen to that ! exactly meaning we need these wallets sorted out still looking for C++ and Phyton Developers (i believe) and some help for Open Bazaar and kaboom we have our merchants going ...>> |
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splawik21
Legendary
Offline
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
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September 29, 2014, 01:29:41 PM |
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Tao after open source I think yhere should be twitt on you accout like: "DARKCOIN BECAME FULLY OPENSOURCED. DEVELOPERS UNITE AND HELP THE CRYPTO REVOLUTION" or something like that. What do you think?
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BE SMART, USE DASH ( ͡° ͜ʖ ͡°) |
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stonehedge
Legendary
Offline
Activity: 1680
Merit: 1002
Decentralize Everything
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September 29, 2014, 01:32:36 PM |
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I'm giggling like a six year old girl again. |
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YourMother
Legendary
Offline
Activity: 1281
Merit: 1046
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September 29, 2014, 01:39:57 PM |
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The Shitcoin Factory starts its operations in...
3...
2...
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The absolute worst people in history, ranked by the wisdom of the crowd: "Vlad the Impaler", "Mihnea the Evil", "Ivan the Terrible" and "Evan the Instaminer".
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stonehedge
Legendary
Offline
Activity: 1680
Merit: 1002
Decentralize Everything
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September 29, 2014, 01:46:52 PM |
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The Shitcoin Factory starts its operations in...
3...
2...
My clone is going to be called Barkcoin and its going to fronted by a black Shiba Inu called Roge  |
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salmion
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September 29, 2014, 02:02:49 PM |
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With the amount of "anon" coins out there I don't think we have to worry about shitclones. Like at all.
More like adoption and massive dev contribution begins in
3...
2....
1...
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stonehedge
Legendary
Offline
Activity: 1680
Merit: 1002
Decentralize Everything
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September 29, 2014, 02:04:09 PM |
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With the amount of "anon" coins out there I don't think we have to worry about shitclones. Like at all.
More like adoption and massive dev contribution begins in
3...
2....
1...
I hope you are right mate. Too much work has gone into this for all of the right reasons for it to deserve any resistance from shitcoiners. |
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Pencha
Member
Offline
Activity: 72
Merit: 10
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September 29, 2014, 02:10:21 PM |
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Darkcoin.io not working?
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stonehedge
Legendary
Offline
Activity: 1680
Merit: 1002
Decentralize Everything
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September 29, 2014, 02:14:14 PM |
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Darkcoin.io not working?
Not working for me either. I've reported it to flare (not sure who else to report it to) |
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BrainShutdown
Legendary
Offline
Activity: 1052
Merit: 1004
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September 29, 2014, 02:14:33 PM |
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Darkcoin.io not working?
Same here. Maybe updating... |
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Propulsion
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September 29, 2014, 02:24:57 PM |
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Holy commits!  |
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BrainShutdown
Legendary
Offline
Activity: 1052
Merit: 1004
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September 29, 2014, 02:26:31 PM |
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eduffield (OP)
Legendary
Offline
Activity: 1176
Merit: 1036
Dash Developer
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September 29, 2014, 02:29:27 PM |
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Darkcoin.io not working?
Same here. Maybe updating... Ugh, apparently I was running a spot instance for darkcoin.io. So, it got terminated and I lost a bit of data. I'll have it back to where it was in a bit  |
Dash - Digital Cash | dash.org | dashfoundation.io | dashgo.io
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Pencha
Member
Offline
Activity: 72
Merit: 10
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September 29, 2014, 02:31:14 PM |
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Yeah, its working now. Tnx  |
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stonehedge
Legendary
Offline
Activity: 1680
Merit: 1002
Decentralize Everything
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September 29, 2014, 02:32:52 PM |
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Darkcoin.io not working?
Same here. Maybe updating... Ugh, apparently I was running a spot instance for darkcoin.io. So, it got terminated and I lost a bit of data. I'll have it back to where it was in a bit Bad luck Ed. And to think that I know of some people running hot masternodes on spot instances. Lets hope they've got backups  |
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McHammer
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September 29, 2014, 02:35:17 PM |
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sell on delivery 3 2 1 ...
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altcoincasinogulagshoppingshow FUD is good, look @altcoin prices ...
pls fud me hard via pm
id appriciate that.
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chaeplin
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September 29, 2014, 02:35:59 PM |
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Darkcoin.io not working?
Same here. Maybe updating... Ugh, apparently I was running a spot instance for darkcoin.io. So, it got terminated and I lost a bit of data. I'll have it back to where it was in a bit Looks like this happen. My testnet node is rebooted also. Near-term AWS maintenance event notice Dear Amazon EC2 Customer, One or more of your Amazon EC2 instances are scheduled to be rebooted for required host maintenance. The maintenance will occur sometime during the window provided for each instance. Each instance will experience a clean reboot and will be unavailable while the updates are applied to the underlying host. This generally takes no more than a few minutes to complete. Each instance will return to normal operation after the reboot, and all instance configuration and data will be retained. If you have startup procedures that aren’t automated during your instance boot process, please remember that you will need to log in and run them. We will need to do this maintenance update in the window provided. You will not be able to stop/start or re-launch instances in order to avoid this maintenance update. If you are using Windows Server 2012 R2, please follow the instructions found here: http://aws.amazon.com/windows/2012r2-network-drivers/ to ensure that your instance continues to have network connectivity after reboot. This requires that you run a remediation script in order to ensure continued access to your instance. Additional information about Amazon EC2 maintenance can be found at: http://docs.amazonwebservices.com/AWSEC2/latest/UserGuide/monitoring-instances-status-check_sched.htmlIf you have any questions or concerns, you can contact the AWS Support Team on the community forums and via AWS Premium Support at: http://aws.amazon.com/support. Sincerely, Amazon Web Services To view your instances that are scheduled for reboot, please visit the 'Events' page on the EC2 console: https://console.aws.amazon.com/ec2This message was produced and distributed by Amazon Web Services LLC, 410 Terry Avenue North, Seattle, Washington 98109-5210. |
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