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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3136. (Read 9723796 times)

hero member
Activity: 658
Merit: 500

W.T.F. is going on with Bitcoin ?

BTCe looks like a smash and grab. People are panic buying like crazy. 140 BTC sellwals instantly vapourised. It's already well on the way to $270.

Just watched a 240 BTC sellwall there get munched in 2 minutes.





Similar over at BitStamp. Price has risen $15 just in the last 15 minutes.
sr. member
Activity: 478
Merit: 250

W.T.F. is going on with Bitcoin ?

BTCe looks like a smash and grab. People are panic buying like crazy. 140 BTC sellwals instantly vapourised. It's already well on the way to $270.

Just watched a 240 BTC sellwall there get munched in 2 minutes.

You in USD?? Forreal tok, really enjoy your insight. Please don't stop laying your knowledge on us.
legendary
Activity: 3066
Merit: 1188

W.T.F. is going on with Bitcoin ?

BTCe looks like a smash and grab. People are panic buying like crazy. 140 BTC sellwals instantly vapourised. It's already well on the way to $270.

Just watched a 240 BTC sellwall there get munched in 2 minutes.



legendary
Activity: 3066
Merit: 1188
Having worked in corporate and government large scale IT for a long time, I can so easily concur that retailers will have about as much interest in deploying a POS system that's linked directly to a block chain for a crypto currency such as DRK as they have in accepting gold at the checkout. They're just not interested in being involved in all the mechanics of the transactions down at a technical protocol level. That's why payment processors exist; to facilitate all the techo knowledge, security, integration, back-end accounting, consumer legal protection/adherence to laws, support, loyalty systems interfacing and most of all performance SLAs. Everyone talking about 20 second confirmations and the checkout operator being able to void the cornflakes packet purchase and re-charge it to the next customer in line, etc, is just silliness.

Very interesting - I read all your post.

I'll try to take a more favourable view of InstantX now that I'm a bit less concerned about the confirmation mechanism (and that everyone else seems to think it's going to be such a winner).

Thx for all the generous remarks.
legendary
Activity: 966
Merit: 1000
And there is no reason to think given the obsurdly useful nature of instantx that some wouldn't develop a rather sophisticated POS peice of software that would be compatible with DRK, with NO FEES. Do fat cats like fees?

Nail on head. A POS system is just a user interface tied to an accounting/transaction backend, with some agreements in place between the POS supplier and the POS customer.

A user interface tied to an accounting/transaction backend is basically what a wallet and a blockchain are. There already are POS solutions for cryptocurrencies and they will benefit from IX and evolve as market adoption grows, for those that prefer to pay a 3rd party to take care of some of the details for them. And they will be a lot cheaper for companies to use hopefully than existing CC/banking systems.
legendary
Activity: 1834
Merit: 1023
sr. member
Activity: 478
Merit: 250

Keeping posting Tok. I and many others really appreciate your input.
+1  I second the motion! Grin

I love tok. If he is going against the grain more power to him, as we need a ton of perspectives being thrown around and he is brilliant. But, to assume that just because only 1 person has identified themselves as having extensive experience in POS... does not mean there is only one person in here with extensive experience in POS. Long story short, we currently have a daily exchange volume of around 75k. If you believe that instantx is not a worthy goal because you find it not to be a perfect fit for supermarkets is.... searching for a polite term here... ridiculous. Drk's marketcap is currently .2% of BTC. If our only goal (which its not) was to improve transaction time for merchants currently accepting btc, and cutting transation time into 1/360th of btcs, I'd say thats more than a worthy goal. Especially considering BTC is just a baby itself. Additionally, as Evan mentioned, it would place DRK as the currency of choice for basically all arbitrage between exhanges and god knows what else. It currently takes + 20 seconds to navigate the debit/cash back options / donations / bs when checking out. I personally do not see much value in these hesitations from our community, but I certainly welcome them. And there is no reason to think given the obsurdly useful nature of instantx that some wouldn't develop a rather sophisticated POS peice of software that would be compatible with DRK, with NO FEES. Do fat cats like fees?
hero member
Activity: 671
Merit: 500
Coinbase getting regulated in the US as an exchange.

Good news for DRK. They will be tracking and shutting down customer accounts every two minutes.

Shutting down customer accounts is only the tip of the iceberg.  The real threat (and opportunity for DRK) is the live data feed straight to the Feds.
full member
Activity: 231
Merit: 100

Keeping posting Tok. I and many others really appreciate your input.
+1  I second the motion! Grin
legendary
Activity: 1092
Merit: 1000
http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641
"Coinbase’s founders say they have been working for five months to win licenses from state financial regulators. They have regulatory approval in half of U.S. states, including large population centers like New York and California"

Coinbase getting regulated in the US as an exchange.

Good news for DRK. They will be tracking and shutting down customer accounts every two minutes.

I guess this means they could be adding LTC on the exchange.  Possibly the reason for the recent price hike.

Pure speculation on LTC.

LTC hike.. I really thought it was a desperate sot of p&d. Still do. Could be wrong, probably am. I really dont get it. At best BTC would have gone ballistic. LTC is in all major exchanges, its not like it would a huge surprise as LTC is historically the second most value altcoin, and Ripple has radical different protocol.

legendary
Activity: 1456
Merit: 1000
http://www.wsj.com/articles/first-u-s-bitcoin-exchange-set-to-open-1422221641
"Coinbase’s founders say they have been working for five months to win licenses from state financial regulators. They have regulatory approval in half of U.S. states, including large population centers like New York and California"

Coinbase getting regulated in the US as an exchange.

Good news for DRK. They will be tracking and shutting down customer accounts every two minutes.

I guess this means they could be adding LTC on the exchange.  Possibly the reason for the recent price hike.

Pure speculation on LTC.
legendary
Activity: 1036
Merit: 1000
Security Advisory for CoinShuffle and Darkwallet

I've posted the security advisory on r/Bitcoin, so far it's just getting downvoted. Can we get some upvotes? It's getting downvoted just because it's from a competing currency, however, they should know that all of the mixing technologies they have presently are broken.

http://www.reddit.com/r/Bitcoin/comments/2tmopl/security_advisory_for_coinshuffle_and_darkwallet/

BUMP

+1 Upvoted for truth Smiley
legendary
Activity: 1092
Merit: 1000
I lost a BTC or two worth of drk to directbet. No sob story, its my fault and it was fun as hell. But why don't we chill with letting everyone know how badass drk is and the BTC recovery til I get back on track. No? Well it wouldn't be much of a lesson if it didn't sting a bit. There was precisely 0% chance of me learning from others' mistakes, but maybe someone else will save themselves the trouble. KEEP IT SMALL!!

I lost 900 DRK about a month ago lol, it took me a couple of weeks to recover emotionally. I am fine now and buying the DRK I lost back.
sr. member
Activity: 478
Merit: 250
I lost a BTC or two worth of drk to directbet. No sob story, its my fault and it was fun as hell. But why don't we chill with letting everyone know how badass drk is and the BTC recovery til I get back on track. No? Well it wouldn't be much of a lesson if it didn't sting a bit. There was precisely 0% chance of me learning from others' mistakes, but maybe someone else will save themselves the trouble. KEEP IT SMALL!!
newbie
Activity: 54
Merit: 0



Technical question again ( wish I had some Beta brains like some of you have ), but like Crypto too much.
Is my understanding correct that in case BTC and LTC also want too add stuff that DRK already has ( like Darksend, coin mixing and InstantX ) they are forced also to be forked or "sporked" and make a lot of updates ?


 Not lots of updates because Evan is doing all the hard work and we're his guniea pigs, anyone is free to adapt Darkcoin's opensource technology into their coins at any time.

But absolutely yes, they'd need to fork to adapt Darkcoin's features.

Spreadcoin dev seems to think that he'll have masternodes up and running in a few weeks with InstanTX a few weeks after for example.  Whether this is possible remains to be seen but people are benefiting from our dev team's work and also learning from our mistakes.
Looks like we're about to find out  Shocked

https://bitcointalksearch.org/topic/m.10259945

We'll begin testing in 1-2 days on testnet.

Since we'll need coins to run masternodes I will set initial difficulty to 1/1000 that of SpreadCoin. Ever wanted to instamine something? This will be your chance Smiley
legendary
Activity: 2548
Merit: 1245
must have refused to refresh at my side.. it showing correct blocks now too.
legendary
Activity: 1092
Merit: 1000



I really wish the best for Greece, but in the end, the policies will be the same, and I don't see anything good coming from it.  But I'm a lifelong capitalist (now called anarchist???)  Let the people work, innovate, do things, and don't hinder them.  But the far left is always for more government which means more regulations, which means people can't work and innovate, IMO.  Don't get me wrong, I don't like the far left nor the far right.  Both of them want to rule everyone's life and think they know better.  And I'm not against social safety nets either.  I just think there is a balance, and financially - not socially, I'm probably on the right side of the spectrum Wink

 I hear you Tante... all the speeches I've heard by leader Alexis Tsipras are in themselves quite radical, but in a good way. He is openly anti-establishment, and have vowed to hunt down corrupt/capitalist-driven offshores and operations for example. Like blatant misuse of community funds, and prime cause of not being able to pay the loans. No bank bailouts and full sanction to dirty coorporate leaders. And that in no way democracy is at risk. Many many principles voiced out that we crypto-geeks hold so dear.

 But politicians are politicians and we all know how they're like. This "party" came about quite in the opposite manner of any traditional party, nd this will be a grand experiment too... So who knows?

The atomic bomb was a nasty dirty old thing, but ended giving us "good" nuclear power... if you get my meaning.

 idk... All I see is faux-democracy everywhere, bullsh!t-capitalism, and ever more centralized power and loss of liberties. The labels certainly do not hold up in this day and age.

 Give me something new that proposes positive change, and I'll give it a shot. Greece has been absolutely butchered by the austerity measures, down to its knees. The Euro experiment is clearly failing its premisses.
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