Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6061. (Read 9723858 times)

Yes, fiat currencies. In purchasing parity terms, the 30 years before WW1 (gold standard) where as globalized and productive as we were before 2008. I think it is dangerous to attribute our wealth to the management of centralized money managers. I`m all for competition (please let me fail with my stupid barbaric gold money). It`s them who are not.

Still doing my DIY multipool thing....I'm a happy net buyer on the way up 

Man crush

That's no surprise. Currencies only started being floated in the late 20th century. It doesn't mean the gold standard worked well - it was just the prevailing system before Bretton Woods.

Slight inflation works well because there is an incentive to provide savings as credit for economic growth. Hoarding to me are savings removed from credit or economic investment. If you can expect considerable returns by removing monetary units from supply without risk, it becomes problematic for commerce.

I still believe cryptocurrencies have a role to play as a secondary currency but I can't see them replacing fiat long-term in their current form. I think they'll be useful as an inflation hedge. Until relatively recently gold was still used to consummate large contracts but now it's chiefly an inflation hedge.

It's not easy to drop solutions you've already worked for. It requires an agile mind to ditch a personal work effort in favor of something else - even if what you want to adopt is superior and it would be a no-brainer not to do it.

The normal operating pattern of the mind is to do the exact opposite, which is usually counterproductive. However, in some cases, there might be a way to integrate the past and the new solution into something even better.


Not that bad...  Evan, aside from working on the coin, is also invested in it. So DRK's success is his success in more than one ways - including money. Therefore the motive to excel in what he does is there for him and by extension the same motive will also generate profit for the rest of the investors / miners / speculator (that's us).

Having said that, being successful financially is more than simply attaining a good market cap for DRK and increasing our net worth. A good marketcap can come through artificial means but enduring success is what will lead to a good marketcap that is also supported by fundamentals.

There are two approaches to success... Go for tricks like promotion and snake oil tactics and then cash-out during the peak or do a solid job, write history, aaaand have the fundamentals ensure a long-term success.

lol if only you knew the whole truth you'll puke ...

no worries, I learned my lesson the hard way!  LOL

chaeplin, you should see how crazy your pie charts look like on my touchpad, LOL.  No worries, though, my beloved touchpad is super obsolete, though I love it.  Lots of power no software :-(

AlexGR, the cool thing about Evan is he doesn't seem to care about dropping his previous work!  The second he sees a better way to do something, he just does it!  Old code out the window, on to better things.  There is a bit of danger in that we've bought into Evan as much as we have Darkcoin!. I'm counting on the masternode setup becoming attractive to other talented developers so Darkcoin can develop a pool of talent so we don't have to kidnap Evan and chain him to Darkcoin code the rest of his life, LOL

If "deflation" for you is the increase of purchasing power of a monetary unit (as opposed to the decrease of the supply of those units), you might want to consider that such "deflation" was pretty normal in the US before the FED started it`s management:

http://en.wikipedia.org/wiki/File:US_Historical_Inflation_Ancient.svg

Source: http://en.wikipedia.org/wiki/Deflation#In_the_United_States

I would not agree that we necessarily need a currency with "slight inflation". The finance industry (where I work) needs it, because they want to sell products for people who want do defeat inflation. It`s funny that buying such products is called "saving", whereas simply putting aside a monetary unit for later because it is gaining buying power is called hording.  

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Yes - You can trade DarkCoin for USD! https://c-cex.com/?p=drk-usd

The pumper woke up and got to work: ~60 BTC buy walls from 0.0049 to 0.0051 at Mintpal.

Resistance levels at 0.0045-46 seemed ok earlier.

with Internet Ape's announcement, I would say Litecoin will definitely be dethroned this year 

Don`t sell them buy and hold. I haven`t sell neither 1 coin yet and will not this year for sure!

Exactly. However there is the danger of being too "invested" in a particular technical solution to abandon it in favor of something better. This can happen even to F1 teams with 300mn budgets due to sticking with a suboptimal design and trying to make it work. In particular, masternodes will be obsolete in case of a ring solution switch - and that's a "problem" of such an "investment".

However, there can be a workaround if masternodes continue to get the 10% for performing a different beneficial functionality for the network, whether it is extra anonymity laundering, IP rerouting and obfuscation, hosting the blockchain for thin clients, or something else. In this way the masternode infastructure can be utilized in parallel.

This has me excited not only because I want Darkcoin to succeed but because I become more convinced as time goes by that the future of crypto will be as a liquid, easy-to-transfer inflation hedge.

Cryptocurrencies don't make sense as general currencies because they're deflationary. Currencies need a lot of liquidity to be the grease for the wheels of commerce. It doesn't make sense to pay salaries in a deflationary currency, as people are more inclined to horde than spend. You need a currency with slight inflation but we all know how easy they can be corrupted by printing too much and triggering higher inflation, or printing even more to finance government debt, leading to even higher inflation (wink, wink Federal Reserve).

The US now has a greater debt to GDP ratio than during WWII. Much of the debt is being financed by new money created by the Fed because other investors want out of treasuries. China embarked on a massive stimulus spending program post GFC, building railways, train stations and innumerable apartment buildings that almost nobody can afford. A lot of the spending was financed by debt from shadow banking channels so we have no way of knowing how much debt provincial Chinese govs are in. China has been stockpiling US dollars as reserve to keep the yuan low in the short-term and keep its exports attractive. They've also been buying up as much gold as they can and making trade deals seemingly to position the yuan as the reserve currency once the US dollar tanks.

The massive Fed Reserve money printing can only lead to one conclusion: massive US dollar inflation. The world will go into recession and then there will be a power play for which currency will be the future reserve - US dollars backed by US and its allies or yuan backed by China, Russia and their sympathisers.

Ordinary people will see their wealth being eaten up by inflation and stock/real estate slumps, and they will look to buy inflation hedge assets. Gold and silver will be most popular but they are easy to track and very hard to move offshore if governments decide to confiscate precious metals (as they have in past major recessions). Crypto like Bitcoin and Darkcoin, as secure, liquid, deflationary assets, will become popular and see significant price increases, as people seek at first to secure and hide their wealth, and then eventually ride the new bubble.

Sorry for the extra-long post but I think all of these macro events are very important to Darkcoin. All this is IMO but I see big potential for a coin that has anonymous transactions, as people will seek to secure their wealth against inflation and government confiscation, and the coin that positions itself as the most popular and effective anonymous coin will become very attractive.

Agree completely.  The main reason I invested in this coin is not because DarkSend per say, but because Evan is dedicated to improving the anonymous solution that will be used with Darkcoin now and in the future -- whether that takes us to ring signatures or something else entirely.  

... And while I am not a big fan of tease posts (they tend to lead to unfulfillable expectations), according InternetApe it seems Evan already has some very impressive improvements in the works.  

Update Amazon by region.



Using Amazon's ip list https://forums.aws.amazon.com/ann.jspa?annID=1701, Country and ISP are updated.

http://drk.poolhash.org/masternode.html

 

I wouldnt call ac2 a troll, he made some points and we should look into it without calling him a troll. We should appreciate discussion more in that area. Even if he is not right (I cant prove his statements) he should not be treated like an idiot.

Anyways, currently critical, P2Pool status?

I'm excited!

Ok, so I understood I need to update my DarkCoin wallet but here (https://darkcointalk.org/threads/rc2-hard-fork-on-may-14th.357/) I see that there are two different versions - with and without DarkSend. If I wouldn't send any Darks anywhere soon, can I update to the version without DarkSend?