Darkcoin will hit 3$ (at least) by the end of this week!

[volunteering2014]

Darkcoin has raised +130% during the last 24H, and this is only the beginning!
This is the greatest coin that came out during the last weeks, and has only upwards potential.

1. Phase 1 of Darksend Technology is over, DEV's are working to fix the problems they encountered.
2. Kimono Gravity Well implemented
3. NO PREMINE
4. ASIC resistant
5. 84 million coins max!
6. Healthy block reward halving --> 1 year
7. Not on big exchanges yet!

I love this coin, and I foresee a great future for this one!

[frajervitalny]

Where can one buy it right now? thanx

[instacalm]

Where can one buy it right now? thanx

https://poloniex.com/exchange/btc_drk

[Prabhjot Lalli]

Where can one buy it right now? thanx

https://c-cex.com/

[SXC_Freak]

Just bought, I also read darksend is now working!

[bitcoin-world.de]

have tried to mine this coin for a few days where the coin was not on the market with a amd x6 and found a block luckily, but didnt mine it longer than one 3 days but only one block, but now this is enough for 3 days cpu mining.

[poornamelessme]

I have mined this coin a little bit and do like the fundamentals, but have a general question or two.

I may be wrong, but didn't the developers say they plan to opensource the 'darksend' tech? If so, wouldn't that seem counter-intuitive to making this coin unique?

How does Darkcoin differ from Zerocoin? Well, besides the obvious, that Zerocoin hasn't been released yet.

[rokkyroad]

"Darkcoin will hit 3$ (at least) by the end of this week!"

Dropped by 20% lately.

You never know. Could be a few more good pumps&dumps left in it.

[poornamelessme]

"Darkcoin will hit 3$ (at least) by the end of this week!"

Dropped by 20% lately.

You never know. Could be a few more good pumps&dumps left in it.

I admit I am new to cryptos, but I do find the pump and dump mindset a bit too prevalent here in general. I realize that almost all alt coins could be considered garbage, or their whole selling point is based on a logo or name of the coin ... but for coins with unique code, like Darkcoin, wouldn't it make more sense to simply hold it longterm? Not every single coin is garbage meant to be dumped.

[SXC_Freak]

"Darkcoin will hit 3$ (at least) by the end of this week!"

Dropped by 20% lately.

You never know. Could be a few more good pumps&dumps left in it.

I admit I am new to cryptos, but I do find the pump and dump mindset a bit too prevalent here is general. I realize that almost all alt coins could be considered garbage, or their whole selling point is based on a logo or name of the coin ... but for coins with unique code, like Darkcoin, wouldn't it make more sense to simply hold it longterm? Not every single coin is garbage meant to be dumped.

+1

[rokkyroad]

Didn't mean to be harsh. One does get jaded by new coins that make astronomical gains in hours and days. Its obvious the pump&dump mentality is hard at work. I do hope Darkcoin stands the test of time.

[MyFarm]

I'm definitely holding some Darkcoin for the long term.

I have mined this coin a little bit and do like the fundamentals, but have a general question or two.

I may be wrong, but didn't the developers say they plan to opensource the 'darksend' tech? If so, wouldn't that seem counter-intuitive to making this coin unique?

How does Darkcoin differ from Zerocoin? Well, besides the obvious, that Zerocoin hasn't been released yet.

You can't have anonymous technology and it be closed source in this day and age.  People wouldn't trust it.

As for Darkcoin versus Zerocoin, the developer of Darkcoin recently commented on exactly that:

I’ve heard some chatter and misconceptions about the difference between Darkcoin vs Zerocoin, so here’s a write up about the pros and cons of each approach and what they do differently.

Darkcoin

First off, most people start by asking is DarkSend actually real and does it work? Yes! Checkout the development progress here: https://bitcointalk.org/index.php?topic=467857.0

DarkSend is based off of Greg Maxwells original idea called Coinjoin, with some added improvements and decentralization. The decentralized approach is important because the logic is self contained in the client, which is managed by the users themselves. This is a trustless solution.

Darkcoin uses the base transaction layer to sign it’s transactions in much the same way that Bitcoin does. The mathematics are tried and true and have been used for years in computer security and banking.

Transactions will be grouped together and the same cost as sending transactions on the normal network. Both DarkSend and normal transactions will be available to choose from, but at some point we might default to DarkSend (and go Dark).

It’s also worth noting that this approach doesn’t bloat the blockchain at all either. Transactions are the same size as the would have been.

Zerocoin

The approach Zerocoin takes is to use some exotic mathematics to hide the identity with a zero-knowledge proof. This allows a higher quality of anonymity, but also could have some unforeseen hole that will be exploited later.

Checkout this link to see the mathematics I'm talking about: https://github.com/Zerocoin/libzerocoin/blob/master/AccumulatorProofOfKnowledge.cpp

Zerocoin's proof of work is in the 2kb range, which was reduced from 1024kb in Mathew Green’s original work. These proofs must be stored in the blockchain for each transaction that goes through the network for confirmation purposes and the ledger history, so this will cause a lot of bloat. There is also a need for these proofs to be processed by the networks nodes, being larger will cause more intense CPU usage with smaller transaction rates.

The spec for Zerocoin also requires a 100% premine. I believe mining is what gives cryptocurrency their base value, so this could be a problem for the currency in the long haul.

With the high CPU usage, how will the network deal with DDOS attacks? I could send bad proofs that must be processed. It’s much harder with the Bitcoin protocol because the math is pretty fast and you would be banned quickly.

Imagine if Zerocoin had to deal with 20 transactions a minute, that would be 58.98MB/day that will be added to the blockchain. After a year, that would add up to 21.5GB. Now god forbid you have to reindex this, you’ll have to process all of the proofs on your computer? That might take another year to complete.

---

I think the Darkcoin approach has the best mix of features, with the least risk and it’s decentralized. So we definitely have our place in the market.


References:

Coinjoin spec: https://bitcointalk.org/index.php?topic=279249.0;all

[undeadbitcoiner]

Didn't mean to be harsh. One does get jaded by new coins that make astronomical gains in hours and days. Its obvious the pump&dump mentality is hard at work. I do hope Darkcoin stands the test of time.

But most Coins don't
Best of luck for dark

[poornamelessme]

Thanks for the followup info. That explains the opensource reasoning.

And that may also explain why other coins didn't accept zerocoin's previous offer of sharing the tech for use in an existing coin. If I remember right, their initial goal wasn't to be a coin by itself, but to be incorporated into an already existing coin.

And yeah, Darkcoin does sound better.

I have also wondered if Fedora Tips could be considered a competitor, in regard to anonymous sending. But I then wondered if a coin has billions and billions out there and is used primarily for tiny, tiny tip transactions, why do you need to be anonymous to begin with? I don't think people sending 1/10th of a penny would really care if anyone knows who sent it.

[cryptonewbie]

Thanks for the followup info. That explains the opensource reasoning.

And that may also explain why other coins didn't accept zerocoin's previous offer of sharing the tech for use in an existing coin. If I remember right, their initial goal wasn't to be a coin by itself, but to be incorporated into an already existing coin.

And yeah, Darkcoin does sound better.

I have also wondered if Fedora Tips could be considered a competitor, in regard to anonymous sending. But I then wondered if a coin has billions and billions out there and is used primarily for tiny, tiny tip transactions, why do you need to be anonymous to begin with? I don't think people sending 1/10th of a penny would really care if anyone knows who sent it.

I was wondering this myself.  How does darksend differ from the mixing service implemented by tips?  They are both anonymous transactions.

[omahapoker]

I went and bought some darkcoin tonight. looks like a wiiner to me

[HCLivess]

I am not getting involved in this hype so good luck everybody.

[tk808]

I am not getting involved in this hype so good luck everybody.

Smart man, hope many of you learned from Maxcoin and Vertcoin hype.

[goldmaxx]

I am not getting involved in this hype so good luck everybody.

Hype?
Who is talking about a hype?
This is an innovating, multipoolproof coin.
I'm loving it!

[mechanikalk]

I bought Vertcoin for 0.4mBTC.  I bought Dark for 0.5mBTC.  I am still loving both investments, and I think there is room to grow.