Question on Darkcoin

[toknormal]

20% WDC  <- incredible speed and development

    

You must be living in a time warp.

[crimealone]

WDC? I don't think it's worth to invest.

[HinnomTX]

I agree with your picks of LTC and DOGE. Definitely add DRK. Remove WDC from your portfolio and add NXT.

If you want to live on the wild side, Counterparty (XCP) could offer big upside potential. It's the cheapest it's been since the burn period. But there are risks in working with a blockchain you can't control, and the Bitcoin devs have been pretty menacing to XCP and MasterCoin lately. In other words, there's a reason why it's cheap.

[fernando]

Annonimity makes sense. Even if you don't understand everything else, drk has (will have) something many people seeks while there is no intrinsic reason why anyone would want one scrypt coin over the others.

[kache]

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.


Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

Sonofa... YOU FUCKING SERIOUS? You did all this just to get your slice of the pie, not because you gave a fuck about ASIC resistance?

[r0ach]

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.


Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

Sonofa... YOU FUCKING SERIOUS? You did all this just to get your slice of the pie, not because you gave a fuck about ASIC resistance?

He's not Moses, parting the sea to stop ASIC is harder than it sounds.  Heavycoin tried to make a CPU only coin and got raped in about 2 days by GPU lol.  A CPU only coin is pointless, so it's actually an upgrade for Heavycoin.

[IloveAnonCoin]

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.


Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

Sonofa... YOU FUCKING SERIOUS? You did all this just to get your slice of the pie, not because you gave a fuck about ASIC resistance?

That is my point !!!!!

[kache]

X11 and SHA3 ( Keccak ) are not ASIC resistant at all, according to NIST (National Institute of Standards and Technology), if you want to become SHA3 candidate, you need to be able to create by ASIC. AND every algorithms in X11 used to be SHA3 candidate until Keccak win the competition and become SHA3.


Here is the paper : http://csrc.nist.gov/groups/ST/hash/sha-3/Round2/Aug2010/documents/papers/SCHAUMONT_SHA3.pdf

The whole point of X11 is to try and get the same network growth cycle as Bitcoin. Once Darkcoin is worth enough, people will invest the capital to create the ASICs. I never really had an issue with that, in fact that was the point of creating a new hashing algorithm, I think it will be healthy in the end to move to ASICs.

Sonofa... YOU FUCKING SERIOUS? You did all this just to get your slice of the pie, not because you gave a fuck about ASIC resistance?

He's not Moses, parting the sea to stop ASIC is harder than it sounds.  Heavycoin tried to make a CPU only coin and got raped in about 2 days by GPU lol.  A CPU only coin is pointless, so it's actually an upgrade for Heavycoin.

Stop no, but slow down yes...
And I agree CPU-only is a bad idea, because then botnets come in and dominate it. GPU-only is the sweet spot that allows anyone to participate in.

[DemetriusAstroBlack]

I personally like darkcoin a lot, but worry about the volume that was mined in the first 24 hrs.  Seems that it puts alot of the market into the hands of a few, but who knows maybe it has already been slowly sold off and distributed.  Some may say this is fair as it rewards the earliest miners but I think it's too much.  That being said my GPUS are currently mining darkcoin.  I love the 60C at 500 Watts instead of 77C at 800 Watts.  The argument about if darkcoin is asic resistant is hopeless as people think the definition means different thing.  Who gives a shit about the national institute of whatever paper, thats just one agencys opinion in one country.


Taken from http://www.reddit.com/r/DRKCoin/comments/21k7jt/to_all_the_windows_miners_we_will_not_reach_the/

"To all the windows miners! We will not reach the moon, nor the 10 dollar per coin. (self.DRKCoin)
submitted 2 days ago by Jarocco
In the beginning, this coin was preannounced as a 100 million billion coin cap. https://bitcointalk.org/index.php?topic=384582.0 The first day, when there wasn't a windows wallet yet, 2 million coins were mined. 2 millions against 100 million billion coins is not that much. But the coins cap has changed and now we will probably reach a coincap of 22 million coins in the year 2054. That means that now these few people who mined it at the beginning, have 52,6% of the coins which are now in existence. Think about this! It's like an over 50% instamine! They control the price, and they are already rich now. This coin will probably find his way to the deep web, but it will not be a commodity to store your wealth annonymously, because everytime when the price will rise, those few will cash out, and the price will go down.'

[zhuaihdd]

China government recently introduced some restrictions on bitcoin policy, this also affected the price of bitcoin, I believe that in a series of stimulus, there will be a better operation rules, rub one's eyes and wait, just personal opinion.

[luke997]

Darkcoin seems to be one of the very few solid alts to stay around when the dust settles and most alts die.

One of the very few innovative alts around.
Anonymous transactions surely will make this coin useful, not just an instrument of trade - which will bring volume and stability.
Talented developer (not anonymous!) committed for 2 years.
Plenty of support, community.

Looking at price charts it's clear this is different than all the other alts which are:
Copy code --> Booom --> Pump --> Dump --> Die slowly

I've made BTCs on other alts but was always realistic when to cash out...
Darkcoin is a keeper, I went all in and I'm not bothered with other alts anymore (buying/mining), there's nothing interesting anymore.

Some people have issues with the mining during first month... This is not an issue any more, big stashes has been redistributed, there are no few holders with millions.
Of course, some people will always complain about it, but well, sometimes you're late, sometimes you're not, that's the game.
It is still very early to join the game, once the Darksend go out of beta, this will be big.

[neuroMode]

Take a good hard look at Myriad until it clicks. It makes everything else (except DarkSend) feel instantly outdated.

Then, when you take a look at it and forget about it, come back a week later and take a good hard look at it again. Make sure it clicks this time.