Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 4519. (Read 9723748 times)

+101

This is great.

All I would add is this - add some financial incentives and value to you in there somewhere. Inject a little or preferably a lot of capitalism.

While opensource is admirable, it doesn't always pay the EC2 rent or the electricity bill. It also doesn't incentivise sweat capital to join and grow the network.

Just remember, when the Berlin wall went down, the question about capitalism vs. communism was answered - East Germany, which had the same people and history of the West Germans, was on its last legs and financially no better than Somalia is today. Just ask the Chinese who are now driving around in their BMW X5s.

Anybody hear anything from CHAOSITEC?  Really curious about his latest project!

Thanks Tante - here's the reply:

Thanks for reaching out. For now, OpenBazaar is going to be Bitcoin only, but as it's an open-source project we welcome folks to either fork and make their own alt-coin specific marketplace or submit pull requests to incorporate another type of currency into OpenBazaar itself.

We're busting ass to try and get beta launched by the end of the month, so we're going to be narrowly focused on Bitcoin for the forseeable future, but please take a look at the code and feel free to reach out to us in a few months when we're better able to consider incorporating alt-coins.

As to your own marketplace, if you want to consider helping us build OpenBazaar then forking when it's built, we're not opposed to that. We need all the help we can get!

Cheers,

Sam Patterson


- Like I said earlier,  this stuff is time consuming, but I'll try and familiarise myself with the OpenBazaar code because I don't think it will actually be that hard to make it Darkcoin-centric once I've found my way around it.

I strongly suspect that it's not just me and the OpenBazaar guys working on this stuff though, LOL... one way or another we're going to have decentralised markets pretty soon... 

Having the marketplace integrated into the client is a terrible idea in a whole host of ways, which I might get around to elucidating at a later date, but for now:

The OpenBazaar developers would very much like us to come beta test their project, and would also very much like anyone so skilled and inclined to hack away on it to get Darkcoin integrated, which it turns out isn't going to be too hard at all.

I have posted the full email exchange here: https://darkcointalk.org/threads/meta-developers-needed-building-the-infrastructure-to-allow-for-mass-darkcoin-adoption.1946/

We have some very talented folk among us, if any of you can spare a little time to help out with this in any way it would IMO be of fantastic benefit to us all...

OpenBazaar website and git repo:
https://openbazaar.org/
https://github.com/OpenBazaar/OpenBazaar

******** Alert **********

Things are starting to look interesting.

[1] - DRK has succeeded in fending off competition (I say that even while being more invested in the competition than DRK - not in BTC terms but in alt coin terms)

[2] - they are unlikely now to eat any further into DRK's marketcap since there is at best equal mileage in development terms across all "anon" coins, while DRK remains at 4 times the "cap" of its nearest competitor. The market doesn't just "de-invest" itself of the market leader for no reason at all

[3] - Italy just posted a Q2 GDP contraction which is lighting up amber alerts trading desks across Europe. What is the problem with this ? It's that Europe is already suffering from deflation, due partly to Mr Draghi's "transmission problem" - the failure of central bank monetary expansion to trigger the multiplier effect in the commercial banking sector and expand the monetary base to at least give the **impression** of economic growth, even though it's not represented by an actual increase in economic activity. This is good for crypto because it may mean the stock market is topping-off and all that money will start looking for escape routes, primarily into commodities of which cryptos qualify as a target.

In this regard, new investors from Fiat will invest in market leaders, not followers.

[4] - DRK has had several weeks now to test its "bottom", for 2 reasons.

a) - post-pump consolidation
b) - fear driven exits to potential competition compounded by a period of un-newsworthy industrial work in progress on Darkcoin

This period of "un-newsworthyness" is coming to an end. The price has had its chance to plummet and hasn't taken it. DRK remains at 400% the market cap of its nearest competitor and is on the verge of moving into a new phase of actual real world deployment. If it didn't loose its lead in the last few weeks then it sure isn't going to do so from now on.

This isn't unexpected because - as I've pointed out in numerous posts on this and other forums - "originals" rarely loose their lead in a given market sector unless some kind of calamity befalls them. Even Litecoin remains at its number 2 position despite being far less unique than DRK in technical characteristics.

In view of all this, I'm therefore going to start dis-investing myself of the hedge positions I had in other "anon" coins and begin to consolidate further my DRK holdings. I recommend all other readers of this thread to do the same.

This is the beginning, not the end. Things are starting to move - not least due to world events outside of crypto.

This will definitely help with merchant adoption 

https://darkcointalk.org/threads/start-accepting-drk-on-your-website.1965/ 

https://drkipn.com/

I actually see an initial mini-jump, maybe above ATH even, with everyone in the sidelines just itching to pull the trigger after RC4, and whales pumping too, makes a false-rocket-launch to you know where. These are guys who've been looking into dRK for a while now and know whats going on. Whales will dump, but by then we'll be nom nom nom nom on LTC's marketcap. A small dip in the curve, followed a consolidation/slow rise and more nom nom nom... until the world discovers DRK. By then, anyone in LTC will not dump them slowly to maintain LTC prices and cut the losses, they will get the hell out ASAP to get cheap DRKs!!!

Then it should just be plain silly from there.

On another note, some bad news for BTC is great news for DRK.

http://www.coindesk.com/russian-ministry-finance-drafts-bill-banning-bitcoin/

I guess we can agree about something. I guess substantive discussion isn't for this thread -- just discussions on parsing meaning of words because everyone is so damn defensive the actual substance is ignored unless it jives with the warm fuzzy view.

Again, you apparently don't understand (probably because your brain is shutdown).  I gave no disrespect until I was given it.  There is a cause and effect but you missed the cause and only look to the effect.

I see we're getting nowhere.

******** Alert **********

Things are starting to look interesting.

[1] - DRK has succeeded in fending off competition (I say that even while being more invested in the competition than DRK - not in BTC terms but in alt coin terms)

[2] - they are unlikely now to eat any further into DRK's marketcap since there is at best equal mileage in development terms across all "anon" coins, while DRK remains at 4 times the "cap" of its nearest competitor. The market doesn't just "de-invest" itself of the market leader for no reason at all

[3] - Italy just posted a Q2 GDP contraction which is lighting up amber alerts trading desks across Europe. What is the problem with this ? It's that Europe is already suffering from deflation, due partly to Mr Draghi's "transmission problem" - the failure of central bank monetary expansion to trigger the multiplier effect in the commercial banking sector and expand the monetary base to at least give the **impression** of economic growth, even though it's not represented by an actual increase in economic activity. This is good for crypto because it may mean the stock market is topping-off and all that money will start looking for escape routes, primarily into commodities of which cryptos qualify as a target.

In this regard, new investors from Fiat will invest in market leaders, not followers.

[4] - DRK has had several weeks now to test its "bottom", for 2 reasons.

a) - post-pump consolidation
b) - fear driven exits to potential competition compounded by a period of un-newsworthy industrial work in progress on Darkcoin

This period of "un-newsworthyness" is coming to an end. The price has had its chance to plummet and hasn't taken it. DRK remains at 400% the market cap of its nearest competitor and is on the verge of moving into a new phase of actual real world deployment. If it didn't loose its lead in the last few weeks then it sure isn't going to do so from now on.

This isn't unexpected because - as I've pointed out in numerous posts on this and other forums - "originals" rarely loose their lead in a given market sector unless some kind of calamity befalls them. Even Litecoin remains at its number 2 position despite being far less unique than DRK in technical characteristics.

In view of all this, I'm therefore going to start dis-investing myself of the hedge positions I had in other "anon" coins and begin to consolidate further my DRK holdings. I recommend all other readers of this thread to do the same.

This is the beginning, not the end. Things are starting to move - not least due to world events outside of crypto.

Yes, it's a pretty good article. Both my inner and outer grammar nazis cringed in unison. Especially for this corker:

"Darkcoin has been spearheaded by team lead Evan Duffield – who has went public with his identity, which has lended legitimacy to the project."

Fanatic does not imply a negative connotation, though people may mistakenly perceive it as such.  Its shortened form, fan, is something we use in sports all of the time.

My focus on price may not be justified in your eyes, or the other far more aggressive sorts, but that doesn't mean its not a valid metric.

I can understand why people misperceived my comments, but I can't understand the borderline sociopathic responses.  I simply am wondering why there is a tension between innovation and price.  I see lots of nethash but the price is not reflecting that.  I don't see volume on an exchange either way (price has been stable).  I get it that some (I use some because I don't view the constant posters on this thread as representative of everyone who owns DRK but rather a...passionate...subset of them) don't care about price.  I think a lot do.  Not that its the end all be all but its one factor to consider.  DRK has been out for 6 months, I expect it to mature like most coins.  I think it has great potential but I want to see a wider audience agree with that assessment and reflect it on the market.

I appreciate your psychological analysis but I also feel that those people attacking me should do some reflection as well (not that I expect much).  Honestly I did not bring any invective but I was immediately met with hostility which indicates insecurity.

If you actually read my first post, nothing was confrontational.  My choice of words was merely misinterpreted and perhaps that is due to ignorance.  I will employ simpler words if that results in better comprehension but I maintain nothing I said was inflammatory (provocative, perhaps, but this is a discussion thread and discussions often revolved around provocative topics or else they aren't really discussion but rather conversations).

DRK has been out for 6 months, I expect it to mature like most coins.

Good article, thanks for posting. And my inner grammar nazi only cringed twice while reading it.