Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 5876. (Read 9724017 times)
May 17, 2014, 01:06:54 PM
thank you all for the answear to my questions=)
May 17, 2014, 01:06:44 PM
The Darkcoin Wikipedia has been added to Darkcointalk. The wiki was created by Elbereth and AlexGr, really good work. If anyone has any basic questions on the coin, just point them there. http://wiki.darkcoin.eu/wiki/FAQ
Very good work indeed... thank you AlexGr
May 17, 2014, 01:02:48 PM
You think it will go down that far iam new to this
is this what happens when coins go up that fast?
is this what happens when coins go up that fast?
Yes, it is what happens.
I'm not saying it will go down that far, it will go up and down until it fully corrects and one of the bottoms might touch 7 or 8 before it does.
The reason it happens is because the rise comprises 2 components: speculative investments and long term investments. When it hits the top of the curve, the speculative investments go out of it, then some come back in about 48-72 hours later once it's bounced. That usually leaves the price at a stable level about half to two thirds of the way up the rise from the last base if the asset has genuine fundamentals. If it's just a pump and dump then it doesn't go back at all (e.g. CINNI, MAZA).
Looking at charts, this correction has about 48-72 hours still to go, although the volume isn't huge compared to the rise, so it doesn't look like being a crash. It may hover between a low of 7 and a high of 12 till Tuesday, then stabilise around 11 unless another manic bullrun gets going.
Interestingly, that is perfect timing for such a correction because technical developments are due just a couple of days after that and it means that we'll be going into those with a more stable and consolidated valuation.
May 17, 2014, 01:01:42 PM
The Darkcoin Wikipedia has been added to Darkcointalk. The wiki was created by AlexGr, really good work. If anyone has any basic questions on the coin, just point them there. http://wiki.darkcoin.eu/wiki/FAQ
The wiki was setup by elbereth.
I've created a large percentage of the text-content which he then ordered and managed in pages with wiki formatting (in which I had no experience).
I'm also currently doing the FAQ so if you have comments/feedback/new questions that you'd like to see added, please send them. Tips for encouragement also welcome...
Hopefully we'll get to a point where a google search for "darkcoin wiki", "wiki darkcoin" or questions for darkcoin, will lead to relevant information like this, until wikipedia can add us.
May 17, 2014, 12:58:19 PM
The Darkcoin Wikipedia has been added to Darkcointalk. The wiki was created by AlexGr, really good work. If anyone has any basic questions on the coin, just point them there. http://wiki.darkcoin.eu/wiki/FAQ
Amazing work this.
And so useful for calm responses to concerns/trolls/fud/genuine questions
May 17, 2014, 12:53:54 PM
The Darkcoin Wikipedia has been added to Darkcointalk. The wiki was created by Elbereth and AlexGr, really good work. If anyone has any basic questions on the coin, just point them there. http://wiki.darkcoin.eu/wiki/FAQ
May 17, 2014, 12:38:27 PM
Anyone could tell me when was the change of total supply made ? From what I gathered DRK was 80m ? or 8b at first? and then went down to 22M. Do you guys know when this was done?
Around 50 days ago: https://bitcointalksearch.org/topic/darkcoin-reward-schedule-vote-525093
May 17, 2014, 12:36:19 PM
Anyone could tell me when was the change of total supply made ? From what I gathered DRK was 80m ? or 8b at first? and then went down to 22M. Do you guys know when this was done?
https://darkcointalk.org/threads/the-birth-of-darkcoin.162/
The coin supply doesn't have a set limit, but it will stop production of new coins eventually. 22m is the maximum that will be produced, however something like 15m is estimated to be produced.
May 17, 2014, 12:35:50 PM
Anyone could tell me when was the change of total supply made ? From what I gathered DRK was 80m ? or 8b at first? and then went down to 22M. Do you guys know when this was done?
http://wiki.darkcoin.eu/wiki/FAQ#How_many_Darkcoins_are_in_circulation.3F
May 17, 2014, 12:33:35 PM
Anyone could tell me when was the change of total supply made ? From what I gathered DRK was 80m ? or 8b at first? and then went down to 22M. Do you guys know when this was done?
It was 80m in 2100 and was changed to 22m early march IIRC
May 17, 2014, 12:33:12 PM
And we're back.
We're not back.
We're still correcting. It will go up , then down again a few cycles. The bottom looks like being around 9 or worst case 7. We're about 32-48 hours away from the end of the correction cycle at which point we might end up back at 11.
You think it will go down that far iam new to this
is this what happens when coins go up that fast?
May 17, 2014, 12:28:12 PM
Anyone could tell me when was the change of total supply made ? From what I gathered DRK was 80m ? or 8b at first? and then went down to 22M. Do you guys know when this was done?
May 17, 2014, 12:21:13 PM
Sorry, I'm a a bit lost in technicalities...
My main wallet is Mac 0.9.3.3, and have 4 VM ubuntu on 0.7.4. Is it safe to send fro 0.9.3.3 to 10.7.4, or do I have to backup wallet, updated to 0.9.4/ 10.7.4, and copy my main wallet over to them?
My main wallet is Mac 0.9.3.3, and have 4 VM ubuntu on 0.7.4. Is it safe to send fro 0.9.3.3 to 10.7.4, or do I have to backup wallet, updated to 0.9.4/ 10.7.4, and copy my main wallet over to them?
It's safe. Both wallets are on the right fork, although you might want to update the Mac wallet to 0.9.3.4
I updated on Linux from 0.9.3.3 to 0.9.3.4 yesterday. This upgrade is for DGW3? Thanks.
Yes DGW3
May 17, 2014, 12:13:56 PM
Sorry, I'm a a bit lost in technicalities...
My main wallet is Mac 0.9.3.3, and have 4 VM ubuntu on 0.7.4. Is it safe to send fro 0.9.3.3 to 10.7.4, or do I have to backup wallet, updated to 0.9.4/ 10.7.4, and copy my main wallet over to them?
My main wallet is Mac 0.9.3.3, and have 4 VM ubuntu on 0.7.4. Is it safe to send fro 0.9.3.3 to 10.7.4, or do I have to backup wallet, updated to 0.9.4/ 10.7.4, and copy my main wallet over to them?
It's safe. Both wallets are on the right fork, although you might want to update the Mac wallet to 0.9.3.4
I updated on Linux from 0.9.3.3 to 0.9.3.4 yesterday. This upgrade is for DGW3? Thanks.
May 17, 2014, 12:10:10 PM
And we're back.
We're not back.
We're still correcting. It will go up , then down again a few cycles. The bottom looks like being around 9 or worst case 7. We're about 32-48 hours away from the end of the correction cycle at which point we might end up back at 11.
May 17, 2014, 12:08:58 PM
Can't we go straight to $300 / DRK without all this back and forth for the next few months?
May 17, 2014, 12:04:51 PM
Cue the "I sold just before it started going back up, I can never win" posts
May 17, 2014, 12:04:41 PM
FROM THE DARKCOIN FAQ:
What is the difference between Zerocoin and Darkcoin?
The first obvious difference is that Zerocoin doesn't exist yet.
In theory Zerocoin offers superior anonymity compared to Darkcoin's DarkSend using advanced, yet untested, mathematics.
The main problem of Zerocoin's implementation is that the whole network is encrypted with a single key that is generated during the birth of the network. The party responsible for creating the network key must also be trusted that he has destroyed the key without knowing it himself. This creates a trust dependency in Zerocoin's implementation that is too large. Has the initial key been destroyed? Does someone have it so that they can see every transaction transparently? Will the key break some day and allow every transaction to be seen in plain-text?
Darkcoin uses simpler solutions that do not require trust. Coin mixing is a simple and tested solution and that will be enhanced in the next iteration (Version 2) with ring signatures and IP obfuscation for maximum, yet trust-less, anonymity.
Please read it: http://wiki.darkcoin.eu/wiki/FAQ
What is the difference between Zerocoin and Darkcoin?
The first obvious difference is that Zerocoin doesn't exist yet.
In theory Zerocoin offers superior anonymity compared to Darkcoin's DarkSend using advanced, yet untested, mathematics.
The main problem of Zerocoin's implementation is that the whole network is encrypted with a single key that is generated during the birth of the network. The party responsible for creating the network key must also be trusted that he has destroyed the key without knowing it himself. This creates a trust dependency in Zerocoin's implementation that is too large. Has the initial key been destroyed? Does someone have it so that they can see every transaction transparently? Will the key break some day and allow every transaction to be seen in plain-text?
Darkcoin uses simpler solutions that do not require trust. Coin mixing is a simple and tested solution and that will be enhanced in the next iteration (Version 2) with ring signatures and IP obfuscation for maximum, yet trust-less, anonymity.
Please read it: http://wiki.darkcoin.eu/wiki/FAQ
This action should be expected, IMO, doesn't Zerocash (FINALLY) launch tomorrow? Or at least they are finally revealing how they are proceeding if I remember correctly.
I haven't looked too closely at what they are doing, but (maybe someone who has can post a reply) it seems a bit clunkier of a process than (what I think) is a bit more fluid and elegant solution in DRK.
But there does seem to be a true "competitor" looming and i'm really curious as to what they release. I don't think they've said anything about algo, distribution or even mining at this point.
I haven't looked too closely at what they are doing, but (maybe someone who has can post a reply) it seems a bit clunkier of a process than (what I think) is a bit more fluid and elegant solution in DRK.
But there does seem to be a true "competitor" looming and i'm really curious as to what they release. I don't think they've said anything about algo, distribution or even mining at this point.
The guy running zerocash seems to suggest that the paper will be launched next week, but their alt is not yet ready. It is still a risk in putting transaction through an untried crypto, plus they still have a few issues that some will find hard to ignore - trust required at the launch, the project having been funded by the US military, long-term bloat.
1.) How do you know the key was destroyed? What if they faked it?
Are you thinking of anoncoin? AFAIK cryptonote doesn't have that problem, but I could be wrong.
"Other issues include the RSA private key used to initiate the accumulator, which must be trusted to be destroyed by the generating party"
https://bitcointalksearch.org/topic/xmr-monero-a-secure-private-untraceable-cryptocurrency-583449
May 17, 2014, 12:01:15 PM
And we're back.
May 17, 2014, 11:59:33 AM
I wrote to coindesk. they have made a half ass update to their article. no mention of a correction.
Quote
Pioneered by darkcoin, X11 has slowly gained traction in terms of new coin implementation. Darkcoin, along with Hirocoin and québecoin, are perhaps the most notable examples of X11 coins. Additionally, the algorithm has been integrated by some elements of the multipool community, with several pools offering X11 as a mining option.
http://www.coindesk.com/advanced-algorithms-maxcoin-dogecar/
Well that's the best you can hope for, right. With the update, at least you call what they have now reasonably accurate.
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