Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5680. (Read 9723787 times)

So DarkCoin is based on CoinJoin, a technology developed for Bitcoin as a response to ZeroCoin/ZeroCash.

So this alternative coin has taken CoinJoin and is now taking off as it's own CryptoCurrency.

http://www.darkcoin.io/downloads/DarkcoinWhitepaper.pdf

Many "speculators" believe that the Bitcoin core will never have CoinJoin implemented allowing for a huge chunk of the future market to be taken by this new coin.

Why is that? Do the Bitcoin core developers have an aversion to this technology?

I was very hopeful because of CoinJoin but it seems that it's now taboo in Bitcoin circles. We need this private transaction feature in the core client yesterday.

I find it funny that all the cutting edge tech some Bitcoin developers are making (CoinJoin) are not going to be implemented into the core and are just left on a silver platter for our competitors.

How does this make sense? Is there a technical reason that makes CoinJoin flawed? Or is it to appease uncle sam?

I think there is a difference between Coinjoin and Zerocoin/Zerocash.

Zerocash is an entirely new way of anonymizing transactions but relies on an accumulator and new mathematics. Zero was developed at an Israeli university.

Coinjoin is less exotic and simply pools large amounts of same denominated transactions together and relies on core bitcoin transaction functions, no new math needed. Coinjoin was developed here by core bitcoin developers.

Now Darkcoin has simply taken all of the work done on Coinjoin because they feel that the lead developers of Bitcoin are scared of adding Coinjoin into the main client for fear of angering the USA.

I can understand if Coinjoin has some technical issue why it can't be put into the Bitcoin core, but how can there be when an entire Currency is using Coinjoin right now?

Sure thing, and what you're doing is ok. (as long as you don't deceive people)

I just want people to know what they are getting into.

If a newcomer is ok mining a coin with 80% pre-mine then cool, but please don't deceive them!

If you guys add to the Bytecoin homepage and the front page of this thread:

"Bytecoin has been mined for 1.8 years but was only made known to the world a few months ago. Enjoy the ride"

Then I will leave your thread alone!

So Scrypt ASIC distributor jasinlee likes X11 Coin. He called DRK innovative back in the day in this thread and is a BIG LTC supporter.



The developer of this clone coin is being cheered for developing the first anonymous X11 coin with POS and having a long track record of supporting his coin  

Anyone know what kind of anonymous implementation this coin is bringing out? Supposedly the dev has a linkedIn profile too although I am yet to find it.

I think any altcoin is by design impossible to take off because so many people have agendas now.

Thanks for the link, so its a fully anon coin now.....wow the implications....good bye DRK

Two DRK-related works, check them below.

Available for 500 USD (Shipping not included)


Available for 300 USD (Shipping not included)


Main thread is at https://bitcointalksearch.org/topic/if-you-missed-to-buy-physical-in-2013-you-have-a-chance-to-buy-digital-in-2023-361155 thanks for checking / buying.

I'll see if I can find it in my history.

I take it by your silence that you also agree that side chains are a few years away. If not, I could track down the interview with adam back where he says that is the case.

Alas, none of the bugs or short comings were fixed in doing that— and it doesn't appear that any of the people involved in it have the background for the low level work. So you might have just written out the only active developers of the software, may not bode well for continued development.

The fork also can't claim to be roses and sunshine wrt fairness: As someone very interested in privacy technology and as someone who is usually near the hub of technical discussion in the Bitcoin system, I'd never heard of that fork until just recently— nearly a month after it's start.  And… has a very fast coin distribution, and was started with a difficulty much lower than the network could support. A lot could have been done to improve fairness (e.g. fixing the subsidy to a low level at least until the difficulty crossed the level where the prior system was, or setting the minimum difficulty to a good fraction of the achieved rate), promoting it outside of pools of altcoin speculators (e.g. why do I hear about zerocash 100,000 times for every time I hear about this stuff?), etc.   Not that I think that any of the altcoin stuff is advisable, but if you're going to make a fork on the virtue of fairness wouldn't it behoove you to actually be fair?

And, of course, the fork has now also been forked. That one at least tames the insanely fast distribution somewhat... but it too doesn't fix any of the worse parts... I can only imagine that we're going to continue to see once a month forks of that stuff— suits me fine, while the technology is interesting and useful, the speculative churn is not.

The side chain only needs to allow for pegging into and out from the Bitcoin blockchain, how the chain operates after a peg does not matter.

This statement is false.


Please link that to me I am genuinely interested.

I recall he said that the Proof of Work was poorly done and should have been done differently, but I do not recall anything about the CryptoNote ring signature technology being poorly implemented.

Can we heard it in other place than soundcloud.com ?

not working for me.

Thx

- CoinJoin (the absolute fundamental basis of Darkcoin) was developed by a Bitcoin developer and he said that Darkcoin is an useless alternative coin with a terrible solution to the constructing transaction pool problem.

this sidechain thing seem to be something one has to track intense!. It could do harm to all altcoins at once... How far are they at BTC with this? Is there a time scedule? Or a plan... Is anyone following this development?

I think its fair to say that BTC will have a hard time adopting/chaining with anonymous features such is their vested interest in Washington already.

I'm not saying there will be one, there are thousands and there always will be.

The argument that a second coin will exist with a significant market cap in comparison to Bitcoin is even plausible and I agree with it.

If Darkcoin or Monero succeeds in being number 2 or 3 or 4, they could easily have a multi billion dollar market cap with Bitcoin sitting at the top ($100 billion).

I never said anything against Darkcoin being worth 10% of Bitcoin, or Monero being worth 10% of Bitcoin.

What I did say was this:


These people actually believe that Darkcoin will overtake and replace Bitcoin as the main CryptoCurrency.

With all the issues about Darkcoin (Masternode centralisation weakness, CoinJoin being inferior to CryptoNote, the source being closed for a long time, the insta-mine) I cannot see any reality where Darkcoin overtakes Bitcoin.

And that is what AlexGR believes will happen.

I'm not saying there will be one, there are thousands and there always will be.

The argument that a second coin will exist with a significant market cap in comparison to Bitcoin is even plausible and I agree with it.

If Darkcoin or Monero succeeds in being number 2 or 3 or 4, they could easily have a multi billion dollar market cap with Bitcoin sitting at the top ($100 billion).

I never said anything against Darkcoin being worth 10% of Bitcoin, or Monero being worth 10% of Bitcoin.

What I did say was this:


These people actually believe that Darkcoin will overtake and replace Bitcoin as the main CryptoCurrency.

With all the issues about Darkcoin (Masternode centralisation weakness, CoinJoin being inferior to CryptoNote, the source being closed for a long time, the insta-mine) I cannot see any reality where Darkcoin overtakes Bitcoin.

And that is what AlexGR believes will happen.

I'm not saying there will be one, there are thousands and there always will be.

The argument that a second coin will exist with a significant market cap in comparison to Bitcoin is even plausible and I agree with it.

If Darkcoin or Monero succeeds in being number 2 or 3 or 4, they could easily have a multi billion dollar market cap with Bitcoin sitting at the top ($100 billion).

I never said anything against Darkcoin being worth 10% of Bitcoin, or Monero being worth 10% of Bitcoin.

What I did say was this:


These people actually believe that Darkcoin will overtake and replace Bitcoin as the main CryptoCurrency.

With all the issues about Darkcoin (Masternode centralisation weakness, CoinJoin being inferior to CryptoNote, the source being closed for a long time, the insta-mine) I cannot see any reality where Darkcoin overtakes Bitcoin.

And that is what AlexGR believes will happen.

yes, but there is obv a need for a fully legal and gov accepted crypto AND a (most likely) illegal annonymous crypto.

its not a question of one OR another, but rather a coexistence.

you also forget to mention that cryptonote is not compatible with bitcoin, so forget the notion of cryptonote and bitcoin. its a clever marketing play for cryptonote, which has been discredited already.

Thats a bit selective of you.

He also said crytonote implementation was badly implemented.