Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3622. (Read 9723733 times)

Not if we vote.. Perhaps a small update to the masternodes to allow them to vote on items like this? This ensures voters stake in Darkcoins future as well as democratic decentralized decisions.

LoL !

I was waiting for someone to point that out. Technological prowess over profit was my analog. Why else is Darkcoin bothering with a "beautiful" wallet.

Evan, I had no idea you were considering "printing" more Darkcoins to bail out ShadowCash. There should be a better solution. This will create a bad precedent and what will stop you not 'print' more money in the future? Ok, I get it, we need new dev team but we don't have to bail out a failing coin. Let's think about an alternative plan.

************* Amber Alert - Bitcoin Hashrate ***************

For a while now I've started to become aware of an emerging "elephant in the room".

Everyone is so obsessively fixated with price that the world of cryptocurrency may have completely forgotten what constitutes value. The Darkcoin community is more aware than this than most because we have witnessed an almost perfect inverse coupling between price and value in our investment. 6 months ago, when Darkcoin didn't have 1000 masternodes, didn't have RC3 complete, didn't have masternode payments in place, didn't have background anonymisation of the *entire* coin supply and didn't have the prospect of instantx, its value was 5 times what it is now.

Similarly, Darkcoin's "mothership", Bitcoin has witnessed a collapse in its value to 25% of its ATH while a massive infrastructure explosion has taken place around the world in commercial, technological, promotional and regulatory sectors.

The real elephant in the room that's emerging throughout this though is the fact that Bitcoin's value is being expressed, but as hashrate, not trading price.

The Bitcoin hashrate right now is nothing short of absolutely f*cking phenomenal. 320 Peta Hashes with something like 800 Terra hashes PER DAY being added.

In monetary terms, that's around 1.2 Million Dollars PER DAY worth of mining power being put onto the Bitcoin network. In a year, you're talking about a third of Spanish GDP worth of mining power being put onto the Bitcoin network.

Folks - this is the elephant in the room. Bitcoin's value IS going up. Value is being ploughed into the currency like there's no tomorrow. It's only a matter of time before this starts being reflected in markets and when it does, top rated alts will benefit as well IMO.

To put that into perspective, Darkcoin has 0.72 Gigahash of mining power on its network. Bitcoin is adding 1100 times that EVERY DAY on average. Not only that, the rate at which mining power is being added itself is increasing.

Nobody seems to be aware of this growth - least of all this idiot: http://www.youtube.com/watch?v=GYJdOiLqSxE

Look at the number of views this fantastic summary has even though it's only 3 weeks old - barely more than 500: http://www.youtube.com/watch?v=-_io3WQtTCI&list=UUiO-xF1LptwIJlyTwF5mWUQ&index=5

It's the canary in the coal mine:

https://blockchain.info/charts/hash-rate

Have a look at this chart (sort by descending hashpower) - Bitcoin, as far as mining power is concerned, has left the pack in the dust. The nearest competitor for hashpower is not even 1 terrahash. The alts are non-existent compared to Bitcoin as far as network security goes.

http://www.coinwarz.com/cryptocurrency?sort=hashrate&dir=desc

Although many people say that hashpower doesn't matter as long as you've got "enough", it surely does matter when you've got 1 third of the GDP of Spain being invested in it annually (and increasing daily).

We must prick our ears up and embrace a heightened awareness of this phenomenon which is incredible IMO.

Maybe not the best analogy. The Concorde was retired because it was unprofitable. (jk)

ShadowCash Proposal Conditions

1.) Converted funds will be locked for a period of 90 days
2.) We're looking for some kind of commitment from the core team that they'd work on darkcoin for at least a year beyond this. They could work on whatever they like, at the pace they're working now.
3.) DRK Will be paid for in a 1:1 relationship, dollar wise from this moment forward.  494909 (SDC MarketCap) / 9833182 (DRK Market Cap), therefore 5.03% of the total number of DRK coins will be created on a future block, totaling 240277DRK. The exchange rate will be 31.33SDC for 1DRK.
4.) SDC users will be awarded DRK based on coins destroyed and signed (sign the private key proving you own the key). A user will send coins to a non-redeemable address, if those coins for example equal 1% (64435 SDC) of the total number of SDC ( that would amount to 2056DRK being awarded.

Look at the proposal conditions, there's a fixed exchange rate to stop things like that.

However, if between now and that finalized day, SDC rises to say 1-2 million, that's 1-2 million worth of DRK created on a pump. So from this swap, the SDC holders would realistically be making 2-4x as much money being that they can then take their newly inflated coins and sell them.

No additional payment.

What do you mean "Darkcoin would mint"? The Darkcoins that will be given to ShadowCash developers, where will it come from?

No, there's a conversation rate between ShadowCash/DRK to keep the same value.

We're currently in talks with the ShadowCash developers to join the teams together and become the second largest team in crypto. As the twitter states , it's not about their technology, we already have a working anonymity implementation. It's about the team itself, their programmers and designers are top-notch and we could go far together.

This should greatly benefit both teams. It's hard to survive in crypto and there's a great cleanup that's happening right now. Darkcoin will survive and through a merger they'll come out ahead too.

For anyone who wants to read the proposal as it stands:

https://docs.google.com/document/d/1HrGDKKtr5cKKE8Iu7aOw1vXbVTGk9078sQaWlprZYrs/edit?usp=sharing

I think it's a great idea !

Check the history of the British Aerospace industry. The country was chockfull of disparate plane makers all trying to solve the same problem. It was a no  brainer to merge complimentary enterprises to work co-operatively on a more ambitious project.

I hereby nominate Darkcoin and Shadowcoin as "De-Havilland" and "Hawker Siddely" of crypto respectively,

who merged this...



with this....



to make this....

However, if between now and that finalized day, SDC rises to say 1-2 million, that's 1-2 million worth of DRK created on a pump. So from this swap, the SDC holders would realistically be making 2-4x as much money being that they can then take their newly inflated coins and sell them.

No additional payment.

Understandably, there will be existing SDC whales that will now have better liquidity to sell their position being that DRK has more volume on average. Not sure how many of these SDC coins that would get converted would stay as DRK holds.