Hey guys,
i have a new update from Kraken support :
William (Kraken Support)
Oct 08 07:48
Hi Yannick,
I forwarded your crowdfunding idea to upper management, and they have let me know that while your offer is highly appreciated, we are not currently interested in adding more digital currencies. We may want to add darkcoin in the future, but the trading volume would need to be considerably higher than it is today. If you notice that the trade volume increases by 5 or 10 times what it is today, please get back to me and I will once again suggest your crowdfunding idea to my senior officers. I will leave this support ticket open for three months, just to make sure you have a direct line of communication to me. Unfortunately, there's nothing more I can do at this time. Thanks a lot for getting in touch. We really appreciate it. Have a nice week.
Best,
William
Kraken Support
Guess that's some good news...
i have a new update from Kraken support :
William (Kraken Support)
Oct 08 07:48
Hi Yannick,
I forwarded your crowdfunding idea to upper management, and they have let me know that while your offer is highly appreciated, we are not currently interested in adding more digital currencies. We may want to add darkcoin in the future, but the trading volume would need to be considerably higher than it is today. If you notice that the trade volume increases by 5 or 10 times what it is today, please get back to me and I will once again suggest your crowdfunding idea to my senior officers. I will leave this support ticket open for three months, just to make sure you have a direct line of communication to me. Unfortunately, there's nothing more I can do at this time. Thanks a lot for getting in touch. We really appreciate it. Have a nice week.
Best,
William
Kraken Support
Guess that's some good news...
No it's not really good news. Darkcoin will not have 5-10 times more volume as there are too many coins held by supporters and kept in masternodes. And there is a plan to double the masternode amount
Doesn't matter... quit thinking in whole coin terms. If there is only 1M coins floated with the other outstanding tied up, the value per coin should be much higher and as such, require more BTC to buy each coin.
I wish I could beat every idiot gibbering about liquidity and volume to death with a great big decimal fucking point.
But that fucking decimal point depends on liquidity in the first place. And liquidity means market-cap! right?
No it doesn't, at all
Liquidity is how many coins are available on the market, it has nothing to do with market cap.
When people bitch about liquidity, what they mean is, "I can't buy as many coins as I want on the cheap, waa waa waa."
I disagree.... liquidity is a measure of how much btc (or usd) you can put in and get out without change the price too much..
for darkcoin, it is the amount traded as a measure of bitcoins. a decimal point moved does NOT affect this.
Liquidity != stability, and you've still not grasped the decimal point thing. You can trade billions of duffs without changing the spot price much.
Not disagreeing at all ! My point is all about the decimal point. For example, EUR are rounded to 0.01, can't really go below that in most cases. That mean that liquidity is capped by the lack of decimal point.
If we have 1000000 BTC daily volume trading at 0.00001 DRK ... then we have heaps loads of liquidity.
When 25% of the total current volume available is locked into MN's alone, then there is no market liquidity, because people aren't trading as much. When DRK get adopted merchant wise, and/or D+ picks up... then the massive influx of EUR/USD -> DRK will create liquidity, exactly because of the decimal point.
Liquidity is a factor of quantity of trades available and moving round. Since we can use the decimal at will, then it all comes down to market cap, IMHO.
But all in all I know jack-shit about finance, so I do appreciate some tutoring.
