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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 3624. (Read 9723733 times)

legendary
Activity: 1722
Merit: 1002
Decentralize Everything


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).


Poor Spain! Only 1 billion dollars GDP... I didn't know the economic crisis hit it so hard. Smiley

I feel especially badly for the Spanish because their GDP was over one Trillion USD in 2013.  Thats one hell of an economic atom bomb!
newbie
Activity: 33
Merit: 0


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).


Poor Spain! Only 1 billion dollars GDP... I didn't know the economic crisis hit it so hard. Smiley
hero member
Activity: 560
Merit: 500
why don't they just join DRK instead... not need another coin  Huh never heard of shadowcoin before
Because they don't have DRK, so there is little incentive. With this proposal they (developers and community) would have the reason and would not leave anybody behind.
legendary
Activity: 1176
Merit: 1036
Dash Developer
why don't they just join DRK instead... not need another coin  Huh never heard of shadowcoin before

The proposal merges the two coins and they'll keep whatever stake they had, but in Darkcoin instead. It's the first "coin-merge" to ever happen in crypto.
legendary
Activity: 1176
Merit: 1036
Dash Developer

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
legendary
Activity: 3066
Merit: 1188
************* 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 0.03% 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 0.03% 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.
legendary
Activity: 1442
Merit: 1018
Wrong, both XC and Dark approached SDC after they implemented the 1st ever dual stealth adresses, SDC declined both Coins to go its own route

lol, reaching.........
full member
Activity: 210
Merit: 100
That ShadowCoin merger would have been pretty great for Darkcoin price. All the people that had stake in ShadowCoin would be given stake in Darkcoin would push the price considerably high. Too bad it didn't happen :-/
hero member
Activity: 966
Merit: 1003

Yes, I feel like more dev power would definitely be good. There are so many cool features waiting to get implemented, but Evan has only 24 hours in a day. Problem is, most capable crypto devs already have their own coin(s). Smiley  Merger with an emerging coin would be a very good way to gain motivated dev(s) to the team.

That proposal is a few months old, so dunno if the resource situation is still the same. Why to bring it up now is obvious however, SDC is owned by a few whales who need massive liquidity to offload their millions of coins. They believe they are closing in a release so namedropping XC and DRK close to a version release is an attempt to max out the hype and get that liquidity to materialize. It's going to get busy around here very soon. They are very experienced at this, and have a lot at stake.
legendary
Activity: 1372
Merit: 1005
DASH is the future of crypto payments!
again cool candels on cryptsy
full member
Activity: 210
Merit: 100
Wrong, both XC and Dark approached SDC after they implemented the 1st ever dual stealth adresses, SDC declined both Coins to go its own route
legendary
Activity: 1052
Merit: 1004
It was back in the day...before shadowcoin became shadowcash, And yea let Evan tell you all, he will agree its true, they were turned down

And now they're trying to fish in somebody else's pond

https://bitcointalksearch.org/topic/m.9453054

 Grin
legendary
Activity: 1722
Merit: 1002
Decentralize Everything
full member
Activity: 210
Merit: 100
It was back in the day...before shadowcoin became shadowcash, And yea let Evan tell you all, he will agree its true, they were turned down
legendary
Activity: 1442
Merit: 1018
Consider it bullshit until Evan confirms it. DRK would gain nothing from it, it would be to SDC's benefit.
legendary
Activity: 1052
Merit: 1004
full member
Activity: 210
Merit: 100
sr. member
Activity: 478
Merit: 250
The only way to stay untracked DRK...

AS I said, this could be massive for DRK.. If the "underworld" moves their cash into DRK to keep it hidden, then an 8 mil mkt cap is going to explode...

I know but nothing has been tracked, coins will have been seized.
If they were using DRK, DRK would still have been seized.


Do dark markets operate that way? I'd never use one that did, I want direct trade with my buyer/seller, not to be trusting some shady 3rd party. There shouldn't be anything to be seized, unless your individual buyer/seller gets busted mid deal.

Darkcoin + multisig/escrow = silk road 3.0

Good job Darkcoin already has fully funtional multisig then. Wink
and there is even pretty cool example in wiki too http://wiki.darkcoin.qa/display/DRK/Multisignature+example  Grin
Oh look! Here's another one https://darkcointalk.org/threads/quick-and-very-dirty-multisig-ui-in-python-qt-new-unimproved-perver.2197/  Smiley
legendary
Activity: 1318
Merit: 1040
The only way to stay untracked DRK...

AS I said, this could be massive for DRK.. If the "underworld" moves their cash into DRK to keep it hidden, then an 8 mil mkt cap is going to explode...

I know but nothing has been tracked, coins will have been seized.
If they were using DRK, DRK would still have been seized.


Do dark markets operate that way? I'd never use one that did, I want direct trade with my buyer/seller, not to be trusting some shady 3rd party. There shouldn't be anything to be seized, unless your individual buyer/seller gets busted mid deal.

Darkcoin + multisig/escrow = silk road 3.0

Good job Darkcoin already has fully funtional multisig then. Wink
and there is even pretty cool example in wiki too http://wiki.darkcoin.qa/display/DRK/Multisignature+example  Grin
hero member
Activity: 658
Merit: 500
The Buck Stops Here.
- - WARNING - -
[/size]

I FEEL FOR THIS SHIT ONCE BUT NOT AGAIN

 DarkcoinTalk
 [email protected]
 Thu, Nov 6, 2014 at 9:20 AM
 Darkcoin Version 10.15.19 v2 Windows Release mandatory update!
 Important mainly because of the people in the conversation.


!!!! DO NOT DOWNLOAD THIS FROM YOUR EMAIL !!!!



Yep, this is not a legit email. The above is "host@Darkcointalk". Actual server email is "[email protected]" also the email will have a valid email signature if legitimate.

Here is a legitimate email. The "signed-by" is extremely important.

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