Too late though.. Cloak has already figured it out and wil always do it better then drk.
PoSA is out and in the open..
Bouyaaa!
Here is why I don't touch currencies like Cloakcoin and Blackcoin.
One of the strengths of Bitcoin and Darkcoin lies in the ongoing proof of work. Anyone entering the field today can see that there are still lots of coins left to be mined. This fact subtly enhances the appeal to newcomers. When a newcomer first sees the capital investment required to secure a PoW network, it strikes an impression. The GPU and ASIC farms actually lend credibility to the concept of and value within cryptocurrencies, as they provide a tangible link between the currencies and the real world. I won't even touch upon the security reasons for PoW vs. PoS.
Why did Cloakcoin only have a 7 day proof of work? To grossly reward the miners with the full distribution of coins up front (minus the inflation subsidy). This is disguised as fair distribution when, in today's reality of renting mining rigs by the day, it enables the equivalent of instamining the full supply. It's cheating, plain and simple.
It has been well discussed how Darkcoin did not have a smooth launch. Say what you want about the early days, accidental instamine or otherwise. At least the community can say that only 20% of the full supply is out there. Darkcoin is designed for the long haul, just like Bitcoin, and I applaud Evan and team for taking the long view.
Ahaha, I'd assumed cloak was garbage, but I didn't realise it was this rotten. Seriously, you'd have to be clinically cretinous to throw money at such junk.
While I'm stating my frank opinions about other cryptocoins, I read up on Etherium yesterday - what a fucking joke. The whole 'let's make a simple to use cross platform scripting language' thing sounds great, until you realise that python already exists and python doesn't cost you a never ending stream of money to deploy your apps. The Ether supply has no upper bound, you have to keep buying it for your miracle apps to keep working anywhere. Fuck. Right. Off. You'd have to be even thicker than a cloak gobbler to fall for that, but thousands have.
Somewhere there is a retard factory in full swing and I'd buy shares in it if I could, because business is booming!