Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5189. (Read 9723733 times)

Agreed and I have this guy on my Watch List. That is a good post and a lot of truth.

People are getting ahead of themselves here. Pretty much textbook Litecoin arrogance in the making. A coin can only succeed if people rally around it. Granted some are always going to be fanatics, but that is no excuse for not being responsible. You want the whole she-bang and a major part of that is always going to be friendly, welcoming people.

Is it just me, or do you feel the unnerving calm before a huge storm... ?  

toknormal: That's alot of truth, good posting. Respect.

I think you're being highly selective in deciding what you regard as being "fundamentals".

DRK has certainly improved on Bitcoin in several ways - algo efficiency, anonymity etc - but those are technical properties, not necessarily "fundamentals" that impact on it's status as a reserve currency.

Bitcoin has been superseded technically by almost all new altcions, but they have never put a dent in its value - not even litecoin did. So technical superiority isn't "it".

In fact, your computer hardware example actually undermines your own case because if you look back at the evolution of the digital industry, hardware technology hasn't been one of the "fundamentals" while those areas that have been have persistent against a wave of "improvements" on their original design:

 - the Unix operating system: 41 years old, now underpins all new Apple desktop hardware, not exactly considered "antiquated"
 - The ASCII and Unicode character codings for information interchange, 50 and 27 years old respectively
 - SQL, Structured Query Language for database access, 44 years old and only getting more widespread adoption with every year
 - TCP/IP that underpins the internet: 40 years old
 - all the high level internet protocols and markup languages - http, smtp, html etc 24 years old and getting more widespread adoption with every year

What these show is that the "true" fundamentals do not get superseded. They persist and consolidate with time and adoption.

If Bitcoin is still around in 20 years you can bet your bottom dollar that it's not going to get removed from "reserve currency" status just because its algo is outdated. See the things I mentioned in my last post - those are the real "fundamentals", not technical characteristics.

Be realistic. Bitcoin will have the same privacy level as DarkCoin once DarkWallet is finished.
It's Litecoin that has zero privacy. Thats why #2 place is realistic, if all turns out good. #1 not so much.

TreasureQuarry's P2Pool at http://darkcoin.treasurequarry.com:7903 has now been upgraded to the latest Darkcoin 9.10.01 source code, and the latest Darkcoin P2Pool version in readiness for the hard fork due on 20th June.  

Remember to update your own clients everyone.  Details of the mandatory update are at https://darkcointalk.org/threads/june-20th-mandatory-update-details-hard-fork.1355/

I disagree. BitCoin can be replaced. In fact, I believe it must be replaced and that such is inevitable. It will simply take a longer timeframe. BitCoin is even less useful (fundamentally) than LiteCoin. It just has adoption and publicity. It could easily be replaced 25 years from now. Consider the improvements DRK makes above it and that's only 6 years...

Fundamentals are what makes DRK solid today. BTC and LTC lack those fundamentals. Of course, you're a fool if you bet against the tidal wave of stupid people. BTC will be very hard to replace, but DRK already has the fundamentals that BTC lacks. I'm not saying DRK will be the replacement. I'm just pointing out the inevitability of antiquated technology to be replaced by better stuff. I stopped using my 1core 32bit AMD chip about 6 years ago... Because it was too slow? No. It WAS too slow, but that wasn't the reason. Because it was strung along as a server, hogging juice... I can run the same services as a VM on my Core i3 and burn 1/4 the juice...

BTC has utility through acceptance going for it. But it pretty much sucks in modern light...

That's true. But they also haven't had time to understand what gives a coin "network effect" and what doesn't.

I agree that litecoin can be replaced. But Bitcoin can't.

It's nothing to do with the fact that "other coins" improve on it - it's to do with it's status as reserve currency. The more people "come no board" the more that status is consolidated because every new currency is priced in Bitcoin.

So Bitcoin is actually encroaching on the market through stealth - piggy backing on all these new currencies. Even Darkcoin is priced in Bitcoin.

When people get excited that Darkcoin is "rising" in value it's because they've implicitly gained more bitcoin, not more darkcoin.

Apart from all that, when the ETF's come along it will cement Bitcoin's position because it takes about 2-3 years for an ETF application to make its way through the regulatory authorities. Bitcoin is light years ahead of every other currency in all these areas - including earning its "right of passage" though being kicked to death by the media, Goxed and "malleability crisis'd" and survived intact.

I can see Darkcoin's value approaching Bitcoin's but I don't see it ever replacing it.

Ah, but your forget my son, that exponentially more people are discovering crypto currencies, and they have no allegiance to the "old guard" and will prefer the coin that does what they want it to.  I'm one of those, and neither Bitcoin nor lightcoin, nor any other coin I have investigated in these past 6 months has interested me.  A Bitcoin article brought me here, but Darkcoin made me stay.  I own no other coins except Darkcoin (and the tiny amounts of Bitcoin my antminer has mined for me, about $5 worth, heck I bought the thing early on, might as well have it working!)  

How many people are in the "old guard" and how many people have yet to learn about crypto currencies?  You all think I'm silly when I say Darkcoin will surpass Bitcoin one day.  If it isn't Darkcoin due to some terrible misshap, it will be another coin.  Nobody but the old guard care about Bitcoin and Litecoin and those few that have been "in the know" for a while.  I don't blame them, they've seen a lot of sh*t coins come and go and many scams.

But as the audience grows, coins will be chosen based on merit, and like me, these newcomers will use their brains and not their hearts.

So why don't I worry about the clones that will pop up by the hundreds when Darksend is finally open sourced?  Because we still have an excellent developer and are slowly gaining interest from capable and talented potential developers.  Plus, this coin, Darkcoin, leaves open the possibility of developers taking on their own projects using the foundation Darkcoin has created.

Right now, the coin with the most potential for the biggest future is Darkcoin, period..... well, in my honest opinion, but then again, I'm a cheerleader, LOL

The claim that LTC was Silver to BTC's Gold was stupid on it's face from the very beginning. Anyone who fell for it must have an IQ well below room temperature.

Why? Decimal Points. BTC has them. No matter the value ration, you can find it with a decimal point and not use LTC... Totally pointless.

LTC also failed on the "no ASICs" claim, which isn't good or bad either way...

All LTC brought to the table was 2.5min avg block pop. That's it. Absolutely nothing else. Many other coins have that. DRK has it, too, along with many other good things...

Without mass adoption from retailers the block pop speed is pointless unless you bring more to the table. A LOT more. LTC does not. DRK does.

Other coins bring some interesting ideas tot he table, but they're stand-alone ideas that don't help us any... So those coins are useless, too. DRK rolls those ideas together and solves problems no one has done anything about... So, yeah, why bother with LTC? I only used LTC to GPU mine when my GPU wasn't good for mining BTC anymore. Sell LTC for BTC. The only reason the price is where it is, is bagholders in denial/clueless to what is happening.

It's bizarre. Distros like Ubuntu are much easier to use and understand than "keep you in the dark" Commercial OSes.

helpless != safe

clueless != simple

Go fuck yourself. "being offended" was old and ignorant before you did it. Look how Hipster you are...

Who recalls the discussion we had about 1,200 pages ago about using Darkcoin for real world voting in real world elections?

Something about using the PoW alongside anonymity to secure votes, reduce costs of voting, increase participation through ease of voting, encouraging younger people to vote, ensuring one-person-one-vote and lets not forget - securing anonymity for the voters.

http://www.coindesk.com/block-chain-technology-digital-democracy/

The New Nr 1.

I think this is probably more like El Presidente



 

It's ok - found out here: http://askubuntu.com/questions/326978/restore-etc-init-d-rc-local

EDIT: In fact I don't even need that. El Presidente's one can just be pasted in.

Thanks GhostPlayer !

I'm getting somewhere now.

Only thing is, I can now see I've totally corrupted /etc/rc.local from my unsuccessful attempts at editing it last night - it's full of nonsense commands as I mistook the text edit cursor for the command cursor.

How can I restore a fresh copy or the original  /etc/rc.local ?

Beat me to it.     It's usually already there, you don't have to install it.

nano even has all the instructions at the bottom of the terminal window...

I use "nano"

arrow to navigate, the ctrl+x to quit, if you edit it will ask if you want to save "y/n" and then filename (just press enter)