Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5730. (Read 9723748 times)

Sorry for quoting myself, but I want to continue this thought and so many posts come up between.  

So why does the price increase?  And how far will the price go?  

In very basic terms, you have to understand that 4 million coins for people to use is so few!  Think of all the guest workers that send money home via Western Union at over 10% fees.  Think of the incentive to learn to use this system!  The poorest people are raped by businesses every day, yet they make up a huge percentage of the population.  The biggest hurdle for these people is access.  Converting fiat into coin.  But this can easily be overcome by accepting payment in coin, or services (which would hopefully charge a heck of a lot less than WEstern Union) etc...

That's only one service sector.

coins also become a place to store wealth where government's taxation by inflation can't touch it.  You risk the market price of the coin this way more.  However, once the price of coins stabilize, coins will make an excellent place to store wealth.  (already does)

And there are many other uses that will become more dominant, but remember, there are only so many coins, so many that will be mind over time, and demand will increase as coins become more accepted.  This is truly the biggest technology of the early 21st century!

Sorry for quoting myself, but I want to continue this thought and so many posts come up between.  
So why does the price increase?  And how far will the price go?  
In very basic terms, you have to understand that 4 million coins for people to use is so few!  Think of all the guest workers that send money home via Western Union at over 10% fees.  Think of the incentive to learn to use this system!  The poorest people are raped by businesses every day, yet they make up a huge percentage of the population.  The biggest hurdle for these people is access.  Converting fiat into coin.  But this can easily be overcome by accepting payment in coin, or services (which would hopefully charge a heck of a lot less than WEstern Union) etc...
That's only one service sector.
coins also become a place to store wealth where government's taxation by inflation can't touch it.  You risk the market price of the coin this way more.  However, once the price of coins stabilize, coins will make an excellent place to store wealth.  (already does)
And there are many other uses that will become more dominant, but remember, there are only so many coins, so many that will be mind over time, and demand will increase as coins become more accepted.  This is truly the biggest technology of the early 21st century!

A lot of outsiders, like my mother, can't seem to wrap their heads around crypto currency.  It's not a pyramid scheme if it's providing a service.  Bitcoin, and Darkcoin provide a real service for real people all over the world.  Cheap transportation of wealth from one point to another, above all else.  It's the same service all moneys have provided since time began, only it kills the middle man (banks, governments, etc...) and keeps the movement cheap (very minimal fees are charged, if at all) and free from government manipulation.  And governments are truly powerless against this new technology.  Until fiat is extracted from the system.  That is when a person/user enters back into the realm of Government territory.

unfair, price is down and mintpal does not work for me

On page 1, when I click this link:  http://darkcoin.io/beta.php   its not working. What version number is the latest version ? And where do I get it ?
Thanks 

I don't want to spread FUD at all, just saying it might be a time to stay awake and watch carefully, nasty candle.

I'm FAR from an expert though, I'm the guy who held 3K coins since the beginning and sold 3 weeks ago 2k coins right before the explosion

So its a giant ponzi scheme where you keep investing to make more money?  I'm not trying to knock darkcoin at all, but I'm just not getting the end game.

This is hard for me to say, because I don't want to be responsible for encouraging people, then if things go wrong, I'd feel bad.  BUT, the I honestly think the reason Darkcoin is going up in value all of a sudden is simply because people, having suddenly discovered us, are spreading the word and demand is exponentially growing.

Why are they spreading the word?  Well, here are a few reasons why Darkcoin is different off the top of my head:

#1 Because we have an incredible, non-anonymous developer that has done so much in so little time.
2.  Our Developer has dedicated the next two years of his time to the continued development of this coin (not just maintenance)
3.  Because Darkcoin with Darksend is VERY anonymous right now, however our developer tells us he will implement RC3 "right after the fork" which is supposed to be completely anonymous without the use of ring signature (which cause blockchain bloat)
4.  Darksend employs a system of Masternodes.  The plan is to have these masternodes do more than conceal transactions.  They will also have many functions beyond that in the future such as serving up the blockchain so that users can all use lightweight wallets, yet the masternodes will keep the blockchain decentralized at the same time.
5.  There is a list of ideas people have for the Masternodes, such as an ebay/etsy system built as a decentralized community policed system (for protection of the Masternode holders, to keep illegal activity off the system) An escrow system, encrypted messages, etc...
6.  The services above could charge a minor fee to pay the masternodes for their extra service.  Some services might need to be mandatory to run, others may not have to be mandatory to run.  Fees would encourage people to run extra services.

So you can see, there is an amazing future for Darkcoin, that covers many aspects of an economy.  Support for private trade, escrow, communication and true ecash that can not be traced by prying eyes, giving users more personal security from thieves and worse.

So is Darkcoin worth the price?

lol

lol