Why is it that darkcoin keeps rising?
I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more
.) I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.
I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more
.) I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful. As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up.
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?
This guy's misuse of the term Ponzi scheme makes me cringe.
