Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5874. (Read 9724017 times)

Quote from: AlexGR on May 17, 2014, 03:19:53 PM

You're the one that bought @0.0175 and sold @0.008 ?
I can tip you 1DRK if you want

pleased to help poor boy

I don't own and have never owned Darkcoins. I mentioned I was interested in switching over part of my gpu farm over. There are pictures of it you can see online. I have no desire now to own any Darkcoins. DarkCoin has no future.

thelonecrouton

legendary

Activity: 966

Merit: 1000

Quote from: eduffield on May 17, 2014, 02:24:33 PM

https://darkcointalk.org/threads/new-version-9-4-0-and-10-8-0.690/

Large update to the masternode system!

Since the coin goes through many development cycles, and as we are now going into adoption phase with merchants and stuff, we'll need to make sure everyone has the latest wallet installed so that messages like "I sent money from my wallet but they are not there" (people missed the hard fork).

We may need a small window in the QT client to say to the user either that he has to upgrade (optional) or that he must upgrade (if he is in the wrong fork or something). It's not realistic to expect everyone is over the thread waiting for the next update.

Please Evan, pretty please... Kiss

Just an itsy bitsy teeny weeny popup...

"WARNING: FURTHER EVOLUTION HAS OCCURRED! UPDATE NOW!

edit: Just bought another grands worth. Grin

AMD FTW

sr. member

Activity: 317

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GET IN - Smart Ticket Protocol - Live in market!

Quote from: AlexGR on May 17, 2014, 03:15:18 PM

Quote

There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Eh? One can make more BTC or LTC mining DRK.

Short term gains are possible, but the initial holders/whales will dump and crash the coin. It's inevitable.

It's quite easy to manipulate the market early on. Say I created this coin and started hashing like mad from the get go. I only use 1000 BTC to buy up early Darkcoin and hold them. As more people start to see the coin becoming lucrative, they start trading and mining. As the price gets to my predetermined price point I start to cash out and then eventually dump. Sure it's possible for a coin to recover but not likely for a while and screwing over a lot of people and killing development. You could easily double your initial investment after half year to a year.

lohveh

full member

Activity: 126

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Quote from: eduffield on May 17, 2014, 02:24:33 PM

You're the one that bought @0.0175 and sold @0.008 ?
I can tip you 1DRK if you want

pleased to help poor boy

AlexGR

legendary

Activity: 1708

Merit: 1049

https://darkcointalk.org/threads/new-version-9-4-0-and-10-8-0.690/

Large update to the masternode system!

Since the coin goes through many development cycles, and as we are now going into adoption phase with merchants and stuff, we'll need to make sure everyone has the latest wallet installed so that messages like "I sent money from my wallet but they are not there" (people missed the hard fork).

We may need a small window in the QT client to say to the user either that he has to upgrade (optional) or that he must upgrade (if he is in the wrong fork or something). It's not realistic to expect everyone is over the thread waiting for the next update.

AMD FTW

sr. member

Activity: 317

Merit: 250

GET IN - Smart Ticket Protocol - Live in market!

Quote from: lohveh on May 17, 2014, 03:10:26 PM

Quote from: lohveh on May 17, 2014, 03:04:45 PM

Quote from: splawik21 on May 17, 2014, 03:14:10 PM

DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.

So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on.
•Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)

Approximate reward based off difficulty
So at a difficulty of 1 =reward 26
at difficulty of 1000 = reward is 13
at difficulty of 2500 (current difficulty) = reward is 7
at difficulty of 10000 = reward is 1

This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.

THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Min reward is 5.
Try again to fud.

EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORY

and then, why are you here ?

As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system.

Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up.

That had been said for bitcoin, litecoin, dogecoin & more.
I'll trust you ! @0%

Last time I checked, Litecoin is still at a block reward of 50 LTC per block. Sure difficulty has gone up and where I use to make almost 3500 LTC a day 2 years ago, today I make significantly less. So yeah, I've been around a while and have hardware to back it. BTC was just halved end of 2012 and that was what 3 years of mining with the same reward. Dogecoin I have my own opinion on why it will fail, but this isn't important in this thread.

salmion

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Activity: 560

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Quote from: salmion on May 16, 2014, 05:10:05 PM

"Hey, Jon from Moolah!
« Sent to: salmion on: Today at 04:36:10 PM »
« You have forwarded or responded to this message. »
Hey there! I am head of sales for Moolah.io (Kevin told me to get in touch with you). Shoot me a PM on here or email me at [email protected] and we can help get you set up with DRK on a merchant side of things!

I tried replying to the thread by apparantely bitcointalk doesn't like me! Feel free to post this message/my contact info for anyone else interested in setting things up!

Thanks!
Jonathon Brust
Moolah.io co-founder
224-523-2361"

This is awsome info!

There's more!

From Moolah:

"I will reach out to them then! We actually DO have a point of sale for use in physical retail locations! It is called Mooterm.io and is a full stack POS that is linked to the Moolah merchant account of a user. That terminal does accept DRK.

One recommendation (for anyone else you refer our services to) I would make is to wait until Tuesday to set up a Moolah account. We are releasing a much improved version 2 on Monday.

Thanks again!
Jonathon"

AlexGR

legendary

Activity: 1708

Merit: 1049

Quote

There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Eh? One can make more BTC or LTC mining DRK.

splawik21

legendary

Activity: 1372

Merit: 1005

DASH is the future of crypto payments!

Quote from: salmion on May 16, 2014, 05:10:05 PM

"Hey, Jon from Moolah!
« Sent to: salmion on: Today at 04:36:10 PM »
« You have forwarded or responded to this message. »
Hey there! I am head of sales for Moolah.io (Kevin told me to get in touch with you). Shoot me a PM on here or email me at [email protected] and we can help get you set up with DRK on a merchant side of things!

I tried replying to the thread by apparantely bitcointalk doesn't like me! Feel free to post this message/my contact info for anyone else interested in setting things up!

Thanks!
Jonathon Brust
Moolah.io co-founder
224-523-2361"

This is awsome info!

lohveh

full member

Activity: 126

Merit: 100

Quote from: lohveh on May 17, 2014, 03:04:45 PM

DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.

So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on.
•Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)

Approximate reward based off difficulty
So at a difficulty of 1 =reward 26
at difficulty of 1000 = reward is 13
at difficulty of 2500 (current difficulty) = reward is 7
at difficulty of 10000 = reward is 1

This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.

THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Min reward is 5.
Try again to fud.

EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORY

and then, why are you here ?

As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system.

Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up.

That had been said for bitcoin, litecoin, dogecoin & more.
I'll trust you ! @0%

camosoul

hero member

Activity: 560

Merit: 500

www.OroCoin.co

Quote from: lohveh on May 17, 2014, 03:04:45 PM

This will be another doomed coin as more people wake up.

Translation: "I declare it failed because I can't money hose."

AMD FTW

sr. member

Activity: 317

Merit: 250

GET IN - Smart Ticket Protocol - Live in market!

DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.

So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on.
•Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)

Approximate reward based off difficulty
So at a difficulty of 1 =reward 26
at difficulty of 1000 = reward is 13
at difficulty of 2500 (current difficulty) = reward is 7
at difficulty of 10000 = reward is 1

This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.

THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Min reward is 5.
Try again to fud.

EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORY

and then, why are you here ?

As mentioned early looking to reallocate all my R9 290's. I believe a lot of people don't understand the SKEWED reward system. I'll be looking for another X11 coin or different algorithm with a better reward system.

Having a horrid reward system and with increasing difficulty makes for a failed coin. I've been around long enough to see that clearly. This will be another doomed coin as more people wake up.

lohveh

full member

Activity: 126

Merit: 100

Quote from: camosoul on May 17, 2014, 02:57:30 PM

DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.

So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on.
•Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)

Approximate reward based off difficulty
So at a difficulty of 1 =reward 26
at difficulty of 1000 = reward is 13
at difficulty of 2500 (current difficulty) = reward is 7
at difficulty of 10000 = reward is 1

This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.

THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Min reward is 5.
Try again to fud.

EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORY

and then, why are you here ?

lohveh

full member

Activity: 126

Merit: 100

Min reward is 5.
Try again to fud.

Am I incorrect in saying that the annual 7% reduction stacks against that 5, thus making it possible to go below 5?

yup, still over *4.65 more than he said Roll Eyes

AMD FTW

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Activity: 317

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GET IN - Smart Ticket Protocol - Live in market!

Quote from: camosoul on May 17, 2014, 02:57:30 PM

DarkCoin I was a bit interested in and was thinking of mining it (will all my gpus). This was until I realized the reward system is a Joke and this coin rewards only the original early adopters.

So after figuring out the reward system, you can see why this coin will be dumped even more as time goes on.
•Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2)

Approximate reward based off difficulty
So at a difficulty of 1 =reward 26
at difficulty of 1000 = reward is 13
at difficulty of 2500 (current difficulty) = reward is 7
at difficulty of 10000 = reward is 1

This means more than likely by the end of the year the difficulty will probably be at least 5k being that the coin started in January 2014 and in May 2014 it already passed difficulty of 2500. So this means end of year block reward is less than 3.

THIS COIN IS ONLY FOR EARLY ADOPTERS YOU ALL WILL GET SCREWED. There's a reason why BTC and LTC is more user friendly in a sense of early adopters and rewards and people arriving later to mine. Sure you need more hashing power as difficulty goes up, but the reward is the same for years.

Min reward is 5.
Try again to fud.

EVEN IF THE REWARD IS a minimum of 5 (I haven't checked this yet), for a block to reward 20% of it's initial reward 5 months after release only rewards the people that jumped on board initially and the mass of coin will be dumped and driving pricing down. END OF STORY

luigi1111

legendary

Activity: 1105

Merit: 1000

Min reward is 5.
Try again to fud.

Am I incorrect in saying that the annual 7% reduction stacks against that 5, thus making it possible to go below 5?

I believe you are, and that next year the minimum will go down to 4.65.

camosoul

hero member

Activity: 560

Merit: 500

www.OroCoin.co

Quote from: eduffield on May 17, 2014, 02:24:33 PM

Min reward is 5.
Try again to fud.

Am I incorrect in saying that the annual 7% reduction stacks against that 5, thus making it possible to go below 5?

camosoul

hero member

Activity: 560

Merit: 500

www.OroCoin.co

https://darkcointalk.org/threads/new-version-9-4-0-and-10-8-0.690/

Large update to the masternode system!

Now running...

lohveh

full member

Activity: 126

Merit: 100