The 4 Hour Bitcoin / US Dollar MACD has just crossed to the upside after 8 days in the doldrums.
With me not being one of those warped-logic types who thinks that BTC success isn't absolutely 100% helpful to the fortunes of DRK, I thought I'd just take a moment to celebrate this fact since we've waited a while for it to go green again.
Then there's this guy who got an 1170 BTC shot stolen - one of the biggest BTC heists in recent times it must be. They say that crypto is the "Wild West" - well it almost literally is now that there's a potential 500 BTC bounty for finding the thief.
https://bitcointalksearch.org/topic/i-was-hacked-1170btc-stolen-500btc-max-bounty-686275I'm wondering if the nudge to the upside in the 4 hour chart wasn't Espirito Santo inspired.
http://www.zerohedge.com/news/2014-07-11/banco-espirito-santo-all-latest-newsThat's the "platform' on which DRK is supported. Then there's developments in DRK itself:
- we've gone a long way to winning the argument in recent days regarding the coupled / de-coupled strategy (I'd go so far to say it has been comprehensively won)
- we've gone a long way to winning the argument on masternodes, demonstrating that there's no shortage of demand to fund and run them, that they have powerful technical uses way beyond servicing the anonymity layer, that their services cannot be reproduced by a wallet-based network and that currently represent the optimal balance of trustlessness and decentralisation
- we've gone a long way to winning the argument on market viability. We've seen off nonsense about regulatory obstacles and demonstrated how the abscence of counterparties in all crypto places DRK in a category no different to any other crypto in this respect
- we've articulated the market distinction between "anonymity" and "privacy", demonstrating that the "privacy" market is the critical one, being the single biggest area in which a transparent blockchain based crypto is not competitive with fiat
- we've seen the "hiccups" of RC2 and RC3 actually deliver reforms way beyond what could have been envisaged without that bit of adverse experience. An expansion of the dev-team, revised and more robust algorithms plus a revolutionary failure-tolerant version release strategy
All in all, I can't see how any crypto could be more "on course" by the standards of its original objectives. Long may it continue.