I thought the market would forgive a closed source RC4. I was wrong about that and paid for it. I saw no new money was coming in after RC4. This was a clear sign the speculative money was abandoning Drk. The closed source anon tech was not a winner (and new money was needed). I then made some suggestions, which you are referring to as "trolling".
I have never tried to troll.
The only thing that happened was that the primary buyer, which is also invested in a shitload of other altcoins, has bailed / is bailing. And being a heavy holder of DRK this means that he is also creating a larger pressure on DRK.
LTC has gone from 0.027- 0.03 a couple months ago to 0.0079 a couple of hours ago - evaporating hundreds of millions in marketcap. Was it "closed source RC4" for them? What about a huge list of coins that have experienced tremendous losses in the last hours/days? Was it RC4 for them? Was it closed source? Seriously?
I say it is a blessing for the market to have Darksend closed source till now. The reason is that the market can see that for MONTHS nobody has made what Darkcoin has. They were all sitting on the sidelines waiting in their incompetence so that DRK would opensource so that they can come here, rip the source, and then blame Darkcoin for being "a scam",
all the while scamming their users.
They couldn't do that with Darksend, so they scammed their users with a whole sort of ways: central mixers, trusted solutions, non-anonymous solutions, anonymity through exchanges (LOL), anonymity through IP obfuscation/TOR (lol), "anonymity airdrops" etc. And when they couldn't do anything, they made a scam through a WHITE PAPER. Promise the world, deliver nothing, run away with the money.
The market has now seen who is serious with developing anonymity and what the dangers of copycat scammers are. Darkcoin did a great service to the community for this as only legitimate projects will survive after the pumps/dumps. And when it's time to open source, the market will know who to trust.
Wake up Alex, even with Ltc having no tech and crashing, it's current marketcap is higher than Drks. In the last crash, Drk's decline was magnitudes larger than Ltc.
Not really.
Start of the month (jul31/aug1), LTC was 0.013... now it's 0.008 nearly 40% down.
DRK was 0.008 now it's 0.004 - 50% down. The difference isn't in orders of magnitude.
And the fact that LTC has higher marketcap, is even more problematic as they should theoretically be less volatile. But when even BTC can be flashcrashed ~35-40% in a day from 500 to 300 or crashed 10% in a day losing 600mn marketcap, there's a deeper problem in cryptoland.
How has the closed source helped Drk? It's just scared away investors. There was a brief moment where the market swallowed the "soon to be open sourced" line but RC4 proved to me the market was not prepared to accept it anymore.
There are apparent relations and there are relations of causality. You are ascribing relations of causality to non-causal factors. As have others regarding a large number of things. It has nothing to do with RC4, opensource etc. It has everything to do with the market being unable to absorb tremendous sell pressure in a small time frame, all the while being in a btc downtrend.
If Dark Wallet did not exist, I would agree with you that maybe Darkcoin has the time to slowly open source. Even then XMR and the other cryptonote coins are making steady advancement and one of these days they are going to nail it.
Cryptonote coins are proof of concept coins. They can't be used widely because they can't scale and their developers, for the most part, pretend the problem is insignificant so they are not doing much to address it. On top of that, the economic parameters are problematic: They are not adequate store of value with extremely high inflation. How are they going to nail it if you know your money is debased with high velocity, day in day out? Who's gonna throw in millions and millions to keep price afloat? Inflation is a serious issue for coins, requiring BTC drain.
As for Dark Wallet, I do not believe it will manage to attain similar level of functionality for a whole sort of reasons, but since I have a healthy dose of respect for its developers, I think I will avoid saying anything bad about it.
