Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3111. (Read 9723782 times)

man i thought i was idiot when i bought those btc, then buyed 1000 darkcoins @ aprox. 0.0068... 2h later that btc crash happened

now this?

can say  woohoo, even my wife knows something is going on

bull flag is not bull sh**

You see, its when I see people post positive stuff like this and clever looking pictures likes those ^^ that I start considering filling my dark bag a bit fuller.

pls dont rises too fast i want my masternode in 3 month 

I just think dark is waaaay too cheap, I think we will pass xpy soon

No cryptocurrencies in the schedule of the FOSDEM 2015...

https://fosdem.org/2015/schedule/

I see the same with a flag-measured move around .0081.

I do want to see how interesting things get between .01-.012. That range is going to be killer due to representing a 100% level from the .005-.006 range we have consolidated in for months now.

I see a bull flag, I used to trade these all of the time  



Good overview here: https://thestockbandit.com/bull-flag/

Electronics webstore Bitroad.co.uk to accept DRK with next update:

https://darkcointalk.org/threads/ann-bitroad-co-uk-integrating-drk-in-next-update.3812/

An update to my earlier market appraisal.

Possibly too early to call....




More reading... http://stockcharts.com/school/doku.php?id=chart_school:chart_analysis:chart_patterns:triple_top_reversal

+ exhibit A: https://bitcoinwisdom.com/markets/bitfinex/drkbtc

Thank you.

I signed up, ill translate it to spanish, requested member for the Spanish translator group.

Cheers !

I'd just like to set the record straight after receiving contact from Fluffypony that he/she has never posted on the Spreadcoin thread.  I must have confused him/her with somebody else or his/her posts on another thread.

Not uncool at all, just gamer's geekness...

http://en.wikipedia.org/wiki/Valve_Corporation

At the risk of sounding unbelievably uncool, what is "valve" ?.

Whats cool about all this is that ... deep breath.... this guy, the present Finance Minister of Greece used to works as Virtual Econominst for none other than Valve.

https://hacked.com/former-valve-virtual-economist-new-syriza-finance-minister-greece/
http://bitcoineu.org/former-valve-virtual-economist-is-new-syriza-finance-minister-of-greece/

balu on 10:56:27 AM----Close enough to sound true, without being true  

I do occasionally mine DRK. The current split is the other way around 37.5% to the masternodes and 62.5% to the miners, but not all blocks go to the masternodes  

4.64 DRK Block reward, should equate 2.90DRK reward to miners, but because a lot of blocks do not go to the masternodes (I have Darksend switched off on my wallet)  the effective rewards to miners average 3.42DRK per block (thank you darkcoin.miningpoolhub.com for their block statistics).

576 Blocks a day, equals 2,672DRK a day and this equals 975,513DRK per annum. At BTC price of 0.007, the entire per annum production is only work 6826BTC at a BTC price of $230 (thank you Bitstamp for BTC price 15:25GMT) equals $1,570,200 per annum net value.

This is insufficient for any manufacturers to develop an ASIC miner, if potential sales are 50% of the value of potential DRK production in 1st year of production ($785,100) and these sales equate to a 10% profit margin $78,510 and 10% of this is spent on research and development this equals a R&D budget of just $7,851. You can see, you cannot finance the R&D costs of creating a piece of new silicon for X11. It takes about 9-12 months to research and develop new silicon for algorithms designed for GPU's.

From the scrypt algorithm's history, 2013 LTC price reached an average $11. Per annum production is 10,512,000 (this is x10 DRK's yearly production). This equated to BTC value 0.0478 per LTC (at BTC's price today) and per annum production was worth 502,473BTC or $115,568,790. This use to work out to be: 50% of yearly production being potential sales $57,784,4395 in the 1st year, which use to work out to be potential profits (at 10% of turnover) $5,778,439, which worked out to fund a $577,843 R&D budget.

Four manufacturer succeeded in bringing to market ASIC equipment in 2014 (Gridseed, Zeus, KCNminer, Innosilicon). This allows us to divide the research and development costs of new ASIC silicon by 4 equaling $144,460, but we will say 5 to turn this into the worse case scenario for DRK, £115,568  

Now, we can reverse the macro economic model to forecast the price at which DRK would become attractive for ASIC manufacturers to develop new silicon  

$115,568 R&D, require profits of £1,155,680 which equate to sales turnover being around $11,556,800. Since, turnover is 50% of annual production in the 1st year  (it declines by 50% per annum assuming prices hold up to new Fiat Currency withdrawals from the system to pay for ASICs) then net per annum value of DRK production will need to be $23,113,600, which would price each coin at $23.69 or 0.103BTC per coin  

Let's face facts, only a kamikaze manufacturer would develop an X11 ASIC silicon at the moment, when the price passes $18 one or two might take on the risks, but we are nowhere near those prices  

Popcorn time folks.

I think I've found a new hero....specially since this guy actually tought at my university.

I encourage all Darkcoin aficionados to get clued up on Yanis Varoufakis. He's probably the most important person in the world right now because he's just called the bluff of the highly levered credit money scam to the tune of a cool 7 Billion Euros.

All Greek governments before him have been bending over backwards to meet all the European "Troika"s (Troika=European Central Bank, International Monetary Fund+The European Commission) conditions for lending them Billions of Euros to keep their already bankrupt economy going.

(Remember, that bailout money was just conjured up from nothing by turning about Eu300 billion into 1 and a half TRILLION using their favourite tool of "leverage". Of course only the creditors are allowed to use such a tool for debt creation - debtors may not use such a technique to pay back their debts. That has to be done through either decades of economic activity or selling off the family silver such as a few islands here and there).

Now Varoufakis (this lecturer guy at my old uni and current Greek finance minister) is saying THEY DON"T WANT IT AND THE EU CAN STICK THEIR BAILOUTS WHERE THE SUN DON'T SHINE !!!)

http://www.zerohedge.com/news/2015-01-30/greece-slams-eu-bailout-ers-we-dont-want-7-billion-we-want-rethink-whole-program

I can't believe a bunch of politicians are actually doing this. The markets are in a spasm - capital flight galore, Greek bank shares crashing, bond yields syrocketing and they don't care !!!!!

Here he is in conversation - a finance minister who's hobby is - beleive it or not - ECONOMICS ! The guy actually knows something about it and can tell the difference between highly levered credit money and unlevered base money. Don't let the fact that he's a marxist get in the way of your entertainment - he's also a libertarian which means he'll be Bitcoin friendly.

I'm sure one of the things that's making them comfortable about being so cocky is that they've had a quiet chat with the Russians to check their backs are covered in the event of the troika pressing the eject button on Greece (which may be what they're after all along).

Go Greece !!!!

Great interview with Varoufakis on the BBC: http://www.bbc.co.uk/programmes/p02hp632
His Twitter feed: https://twitter.com/yanisvaroufakis

Tsipras letter to the Germans:
http://syriza.net.gr/index.php/en/pressroom/253-open-letter-to-the-german-readers-that-which-you-were-never-told-about-greece

I'll leave the commentary to the Zerohedgers who represent the "BTCe trollbox" of international money markets:

What has this got to do with Darkcoin you ask ?...everything ! (But that's for another post)

Yes will do that later. keep contributing to dutch belgium for now.

Uhh.. Let me properly setup my profile first then. But yeah, requesting DUTCH. Could you change the translation name on Transifex to Dutch instead of Dutch (Belgium)?