Author

Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6286. (Read 9723733 times)

full member
Activity: 280
Merit: 100
The Future Of Work
[This post is not related to discussion above!]

I'm stepping down from my role in the Darkcoin team, which means I'll be passing on this marketing/branding effort to the community & the devs. I wish you the best of luck with it!

I'd planned that next steps would involve selecting a colour palette, then writing a branding guide, then getting a new wordpress template crowdsourced. You may wish to take a different approach.

I volunteered myself for this role not because the work interested me, but because there was an obvious & dire gap to be filled, and the devs either didn't seem aware of this, or had other priorities. Now the gap is there again, and somebody else will need to fill this role. My suggestion to the devs is that Darkcoin needs a marketing team headed by someone with training & experience (i.e. someone with a professional portfolio). I hope they take the marketing side of things seriously and find someone with qualifications. Again, I must stress the importance of not watering down this criteria to something like, "well, I hired a marketer once", or "I can write HTML and operate Wordpress".

Taking on a branding / marketing role was a learning experience for me, and I took some wrong steps. In retrospect, polling the community for every decision was the wrong approach. Lacking a marketing professional on the team, I felt obliged to pass decisions on to the community, but I'd do it differently next time. Far better if the marketing team be given a degree of autonomy so they can progress with work unhindered. Community input IS important. It should be used judiciously, when feedback or focus groups are required -- the community should not be dictating the design / branding / marketing direction.

Choosing a marketing team is somewhat analogous to choosing a psychologist: If you take your time and find someone who "gets" you (and perhaps only then), you'll see progress & improvement that was simply not possible before. And there will always bee a large percent of doubters who think the whole idea is bogus and you can do just as good a job yourself. But at the end of the day, these are not skills you can learn on the fly; they require years of training, experience, and (perhaps most importantly), talent.

Put the initial effort into recruiting the right people, and things will fall into place from there.

You really did us all a great service, and I for one am so glad you stepped up.  I'd try to help out with this, except I get too emotionally involved.  I'm too "I want it my way"  LOL.  If I'm not in charge, I can not go read stuff and stay calm, LOL.  So I know it must be a hard job.  I too hope someone will step up to take over your very large shoes.  They'll be hard to fill!

Thanks again!
legendary
Activity: 1185
Merit: 1021
Quote
He's already seen these thought-out response from AlexGR and others. But he never responds, disappears, repeat.

1. there is not 1 logical answer to decreasing the number of coins.

2. I always respond quoting.

3. when I respond I am a troll if I dont respond you say I dissappear.

4. I am not a troll, I am one of the top darkcoin miners and highly worried about darkcoins unfair distribution.
hero member
Activity: 611
Merit: 500
Anglo Saxon Crypto Enthusiast
I do have one suggestion that could help the perception of Darkcoin - here is the twitter bio:

DarkCoin aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions. These features are a wo

These features are a what? World first?  Tongue

I wouldn't wait for twitter to make their bios longer  Cheesy
full member
Activity: 294
Merit: 100
I'm sick of the trolls bringing up this whole instamine bagholder myth.

If this was even 10% true, you would have seen instant dump into the 120BTC wall @ 0.00125 which was there for days. It wasn't touched.
Or the walls @ 0.002 before Darks bought with stolen BTC from Poloniex were dumped over 2 months ago. Again that didn't happen.
So stop spreading FUD.

These are simple facts. Subject closed. All trolls on ignore.
legendary
Activity: 1708
Merit: 1049
first N blocks from the first day. It's just 500 every other second.. 500, 500. In the 10 minutes it took me to write this post, there were more 50x more dark generated than I could mine with 50MH/s in two months.

I've been here long enough to read all the history. It was a mistake, etc. We can get past it, etc. And I believe those things, as well as in drk. But just admitting it is not the be all and end all of the situation. It's just something that everyone will have to judge when weighing the risk vs rewards. But just because YOU (not you specifically, just generally talking about those of us who have been here a while) have thought about and dismissed the problem does not make everyone else who still brings it up a troll.

I agree that the issue exists and it's not to be dismissed, however I feel its effect, as we go forward, is reduced in intensity considerably due to the market distribution. I've seen far too many 5-figure DRK dumps to believe that instaminers have their stash intact.

Btw, Evan brought up an interesting issue about Blackcoin. It was mined in a few days and then it was over. Yet not many are complaining about "Blackcoin scam" and "unfairness" of early adopter advantage.

If early mining advantage was such a blocker for future prospects then coins like Blackcoin would be dead alright. Everyone would be "oh, this was mined so quickly, I didn't get to ride the train". There is not even a chance to mine it, but rather to buy from existing bagholders (directly or by mining something else), unlike DRK were there are another 18m max coins to be mined.

Why do we consider the distribution via the market, in the case of initial-PoW / PoS after mining, as something that works, but DRK distribution something that is problematic? It doesn't logically compute / it is irrational. Right now people are mining Whitecoin and after a few days of instamining it'll be over... For years... Whoever got it, got in, and that's it. The next ones have to buy in and they can't mine anything.

PS. I can relate to the mining curve. I must be around 300-350 mined DRKs with my cpu/gpus since late January.
full member
Activity: 224
Merit: 100
[This post is not related to discussion above!]

I'm stepping down from my role in the Darkcoin team, which means I'll be passing on this marketing/branding effort to the community & the devs. I wish you the best of luck with it!

I'd planned that next steps would involve selecting a colour palette, then writing a branding guide, then getting a new wordpress template crowdsourced. You may wish to take a different approach.

I volunteered myself for this role not because the work interested me, but because there was an obvious & dire gap to be filled, and the devs either didn't seem aware of this, or had other priorities. Now the gap is there again, and somebody else will need to fill this role. My suggestion to the devs is that Darkcoin needs a marketing team headed by someone with training & experience (i.e. someone with a professional portfolio). I hope they take the marketing side of things seriously and find someone with qualifications. Again, I must stress the importance of not watering down this criteria to something like, "well, I hired a marketer once", or "I can write HTML and operate Wordpress".

Taking on a branding / marketing role was a learning experience for me, and I took some wrong steps. In retrospect, polling the community for every decision was the wrong approach. Lacking a marketing professional on the team, I felt obliged to pass decisions on to the community, but I'd do it differently next time. Far better if the marketing team be given a degree of autonomy so they can progress with work unhindered. Community input IS important. It should be used judiciously, when feedback or focus groups are required -- the community should not be dictating the design / branding / marketing direction.

Choosing a marketing team is somewhat analogous to choosing a psychologist: If you take your time and find someone who "gets" you (and perhaps only then), you'll see progress & improvement that was simply not possible before. And there will always bee a large percent of doubters who think the whole idea is bogus and you can do just as good a job yourself. But at the end of the day, these are not skills you can learn on the fly; they require years of training, experience, and (perhaps most importantly), talent.

Put the initial effort into recruiting the right people, and things will fall into place from there.

Thanks for your work LimLims. Agreed on all points as well!
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
member
Activity: 88
Merit: 10
I've been here long enough to read all the history. It was a mistake, etc. We can get past it, etc. And I believe those things, as well as in drk. But just admitting it is not the be all and end all of the situation. It's just something that everyone will have to judge when weighing the risk vs rewards. But just because YOU (not you specifically, just generally talking about those of us who have been here a while) have thought about and dismissed the problem does not make everyone else who still brings it up a troll.

Actually the particular individual ("peteycamey") who started the latest discussion comes in here like clockwork every week or so and says exactly the same thing (in the same juvenile manner). He's already seen these thought-out response from AlexGR and others. But he never responds, disappears, repeat. Yes, that right there is a troll. Dictionary definition of one.

I agree. However, I think it's a fair point that he brings it up in a discussion that someone else started by saying that it's a conspiracy that the price is being held done. In that case, it wasn't him starting it. He was just giving an answer to other people who didn't know about the instamine and "schooling" them.

He's annoying, and a broken clock. But he's right twice a day. He's the other half to the cheerleaders who drone on and on like drk is the second coming of jesus.

I dislike both, but personally, I'd rather hear him repeat uncomfortable truths than listen to idiots marketeers say "11 super fast secure algorithms!!!omg" or "logo!logo!logo! omg we need press releases".
hero member
Activity: 560
Merit: 500
I've been here long enough to read all the history. It was a mistake, etc. We can get past it, etc. And I believe those things, as well as in drk. But just admitting it is not the be all and end all of the situation. It's just something that everyone will have to judge when weighing the risk vs rewards. But just because YOU (not you specifically, just generally talking about those of us who have been here a while) have thought about and dismissed the problem does not make everyone else who still brings it up a troll.

Actually the particular individual ("peteycamey") who started the latest discussion comes in here like clockwork every week or so and says exactly the same thing (in the same juvenile manner). He's already seen these thought-out response from AlexGR and others. But he never responds, disappears, repeat. Yes, that right there is a troll. Dictionary definition of one.
member
Activity: 88
Merit: 10
Quote
Guys, when almost half of the entire 1st years worth of mining is created by a couple of people in the first 24 hours and you don't fix it by relaunching or airdropping to others, THIS PRICE ACTION IS EXACTLY WHAT YOU WILL GET.  All those who whined that airdropping would hurt the price of the coin..... well wake up.  The 10% instamining is hurting the price of the coin!  It's not rocket science people.  Supply and demand.  And when a few guys have 1000X the amount of Darkcoin that everyone else has, it will make it very hard for that coin to move higher and stay higher even with increased adoption.  Simple Econ 101.

You are not factoring in the distribution that has already taken place and is continuing to take place.

Some people complain of dumping by early instaminers, others complain about 50% held by "instaminers" - like that percentage has remained static since day 1. But both accusations can't be true at the same time.

An additional source of irrationality is the price complain: If instaminers dump cheaply => then others can benefit by the coin distribution on the cheap. After all prices are lower than DRK mining costs (opportunity cost vs other coins).  Yet the same argument is again used to say that the future price is doomed. How can all these be simultaneously true at the same time?

As I see it:

If instaminers are dumping, their percentage goes down and the overall distribution is improved.
If instaminers are holding, coin distribution remains as it is right now and price goes up due to very low inflation compared to other coins

If instaminers are suppressing the price below its fundamentals then its bad for the short-term price, good for long term price and good for fair distribution.
If instaminers are not suppressing the price then the price has great prospect for meteoric rise as demand escalates but also a questionmark for price suppression in the future if the bagholders sell.

We can't have "the coin is unfair", "instaminers have 50%", "instaminers are suppressing the price", "the price will always be low due to instaminers selling", "the coin will always be unfair because instaminers will (always) hold 10% of the coin" simultaneously. As you say, econ 101.

Decent post AlexGR. Good points made against people who are whining (legitimately) about all factors while refusing to see that the situation is a moving function and not a static one.

However, another point is that money is proportional. Unless there is an ultimate authority that binds some scarce resource to some amount of drk, it will always be.

The truth of the situation is that a lot of people who got coins the first day have likely sold, or dumped. Let's be honest and just say that they didn't give shit away, because no one did (with the exception of chaositec). But not all the big holders dumped. And the sheer magnitude of the "1st day" mistake is huge. I've been mining drk at about 50 MH/s for 2 months now for about 3k coins.

If someone were to buy into the coin, what would be a good number? I'm going to suggest 1k coins, because they're interested in the possibility of a master node. What would we need to get someone to come "buy in" to dark? About 1.5k btc at current prices. This is NOT an easy thing. This is a relatively substantial amount of drk and someone would need to believe quite a decent amount to put in this much. How many of these people could we possibly average per day? Based on everything you see here, how many buy-ins would be a "good amount" to expect or hope for?

Let's say 1. And I think that's being generous. It would be huge to have 1 person a day buy 1.5btc worth of drk. I mean really buy in, not holders day trade, etc. Someone who owns 0 drk, to come in and buy 1000 drk. This is the equivalent of someone mining drk at 1GH/s per day. And yet, even if we had this amount of buy-ins, there is|was enough instamine from the FIRST DAY to dump the same amount, for 2000 days or about 6 years.

Look at the blockchain. Look at the first N blocks from the first day. It's just 500 every other second.. 500, 500. In the 10 minutes it took me to write this post, there were more 50x more dark generated than I could mine with 50MH/s in two months.

I've been here long enough to read all the history. It was a mistake, etc. We can get past it, etc. And I believe those things, as well as in drk. But just admitting it is not the be all and end all of the situation. It's just something that everyone will have to judge when weighing the risk vs rewards. But just because YOU (not you specifically, just generally talking about those of us who have been here a while) have thought about and dismissed the problem does not make everyone else who still brings it up a troll.

Also, one last point, about the "top riches list". There's no evidence that list is close to what the true distribution is. Before there was GPU mining and pools, everyone used the miner from the wallet and so each system they ran it from likely had different wallet addresses. Any number of those large wallets from the first day could (and likely do) belong to a small group of people.
legendary
Activity: 1190
Merit: 1002
Pecvniate obedivnt omnia.
[This post is not related to discussion above!]

I'm stepping down from my role in the Darkcoin team, which means I'll be passing on this marketing/branding effort to the community & the devs. I wish you the best of luck with it!

I'd planned that next steps would involve selecting a colour palette, then writing a branding guide, then getting a new wordpress template crowdsourced. You may wish to take a different approach.

I volunteered myself for this role not because the work interested me, but because there was an obvious & dire gap to be filled, and the devs either didn't seem aware of this, or had other priorities. Now the gap is there again, and somebody else will need to fill this role. My suggestion to the devs is that Darkcoin needs a marketing team headed by someone with training & experience (i.e. someone with a professional portfolio). I hope they take the marketing side of things seriously and find someone with qualifications. Again, I must stress the importance of not watering down this criteria to something like, "well, I hired a marketer once", or "I can write HTML and operate Wordpress".

Taking on a branding / marketing role was a learning experience for me, and I took some wrong steps. In retrospect, polling the community for every decision was the wrong approach. Lacking a marketing professional on the team, I felt obliged to pass decisions on to the community, but I'd do it differently next time. Far better if the marketing team be given a degree of autonomy so they can progress with work unhindered. Community input IS important. It should be used judiciously, when feedback or focus groups are required -- the community should not be dictating the design / branding / marketing direction.

Choosing a marketing team is somewhat analogous to choosing a psychologist: If you take your time and find someone who "gets" you (and perhaps only then), you'll see progress & improvement that was simply not possible before. And there will always bee a large percent of doubters who think the whole idea is bogus and you can do just as good a job yourself. But at the end of the day, these are not skills you can learn on the fly; they require years of training, experience, and (perhaps most importantly), talent.

Put the initial effort into recruiting the right people, and things will fall into place from there.
sad too see you go but good luck with your future endeavors
hero member
Activity: 616
Merit: 500
I personally think the blue/white scheme looks great.  Helps put peoples mind at ease about the word "dark," allowing them to see darkcoin mainly as a coin which offers anonymous transactions - a highly desired and uniquely innovative feature.
sr. member
Activity: 1204
Merit: 272
1xbit.com
[This post is not related to discussion above!]

I'm stepping down from my role in the Darkcoin team, which means I'll be passing on this marketing/branding effort to the community & the devs. I wish you the best of luck with it!

I'd planned that next steps would involve selecting a colour palette, then writing a branding guide, then getting a new wordpress template crowdsourced. You may wish to take a different approach.

I volunteered myself for this role not because the work interested me, but because there was an obvious & dire gap to be filled, and the devs either didn't seem aware of this, or had other priorities. Now the gap is there again, and somebody else will need to fill this role. My suggestion to the devs is that Darkcoin needs a marketing team headed by someone with training & experience (i.e. someone with a professional portfolio). I hope they take the marketing side of things seriously and find someone with qualifications. Again, I must stress the importance of not watering down this criteria to something like, "well, I hired a marketer once", or "I can write HTML and operate Wordpress".

Taking on a branding / marketing role was a learning experience for me, and I took some wrong steps. In retrospect, polling the community for every decision was the wrong approach. Lacking a marketing professional on the team, I felt obliged to pass decisions on to the community, but I'd do it differently next time. Far better if the marketing team be given a degree of autonomy so they can progress with work unhindered. Community input IS important. It should be used judiciously, when feedback or focus groups are required -- the community should not be dictating the design / branding / marketing direction.

Choosing a marketing team is somewhat analogous to choosing a psychologist: If you take your time and find someone who "gets" you (and perhaps only then), you'll see progress & improvement that was simply not possible before. And there will always bee a large percent of doubters who think the whole idea is bogus and you can do just as good a job yourself. But at the end of the day, these are not skills you can learn on the fly; they require years of training, experience, and (perhaps most importantly), talent.

Put the initial effort into recruiting the right people, and things will fall into place from there.
legendary
Activity: 924
Merit: 1000
Bitfarms.io


STATEMENT FROM SUCHPOOL.PW ABOUT DATABASES ISSUES ON 2014-04-19


Dear users,

Today we have had a quite noticeable interruption in our services.

Please take a look at the statement we posted online, detailing the situation and what has been done to ensure the smallest loss possible.

http://suchpool.pw/docs/statementdb.pdf


If you have any questions, you may contact us at [email protected] (Make sure to mention which pool it is about, your username, your deposit address) We will verify and credit what has to be credited if applicable.

Thanks for mining with us!
full member
Activity: 163
Merit: 100
A légpárnás hajóm tele van angolnákkal.
legendary
Activity: 1708
Merit: 1049
Quote
Guys, when almost half of the entire 1st years worth of mining is created by a couple of people in the first 24 hours and you don't fix it by relaunching or airdropping to others, THIS PRICE ACTION IS EXACTLY WHAT YOU WILL GET.  All those who whined that airdropping would hurt the price of the coin..... well wake up.  The 10% instamining is hurting the price of the coin!  It's not rocket science people.  Supply and demand.  And when a few guys have 1000X the amount of Darkcoin that everyone else has, it will make it very hard for that coin to move higher and stay higher even with increased adoption.  Simple Econ 101.

You are not factoring in the distribution that has already taken place and is continuing to take place.

Some people complain of dumping by early instaminers, others complain about 50% held by "instaminers" - like that percentage has remained static since day 1. But both accusations can't be true at the same time.

An additional source of irrationality is the price complain: If instaminers dump cheaply => then others can benefit by the coin distribution on the cheap. After all prices are lower than DRK mining costs (opportunity cost vs other coins).  Yet the same argument is again used to say that the future price is doomed. How can all these be simultaneously true at the same time?

As I see it:

If instaminers are dumping, their percentage goes down and the overall distribution is improved.
If instaminers are holding, coin distribution remains as it is right now and price goes up due to very low inflation compared to other coins

If instaminers are suppressing the price below its fundamentals then its bad for the short-term price, good for long term price and good for fair distribution.
If instaminers are not suppressing the price then the price has great prospect for meteoric rise as demand escalates but also a questionmark for price suppression in the future if the bagholders sell.

We can't have "the coin is unfair", "instaminers have 50%", "instaminers are suppressing the price", "the price will always be low due to instaminers selling", "the coin will always be unfair because instaminers will (always) hold 10% of the coin" simultaneously. As you say, econ 101.
legendary
Activity: 1708
Merit: 1049
Very low volume, DarkCoin does not get pumped/dumped, DarkSend not FULLY (getting there!) completed yet...I think the price stability is not so complicated as you guys are making it out to be.

Volume is generally quite good with DRK, being consistently in the top10 of cryptsy. Currently we are behind Litecoin/BTC.

Last 24hrs

DOGE/BTC    Dogecoin    844 BTC   
BC/BTC    BlackCoin    591 BTC   
WC/BTC    WhiteCoin    302 BTC   
FLT/BTC    FlutterCoin    263 BTC   
POT/BTC    PotCoin    156 BTC   
LTC/BTC    LiteCoin    132 BTC   
DRK/BTC    DarkCoin    98.0 BTC   
ZET/BTC    ZetaCoin    56.9 BTC   
VTC/BTC    VertCoin    32.4 BTC
DOGE/LTC    Dogecoin    32 BTC
AUR/BTC    AuroraCoin    31.1 BTC

It's usually closer to 40 BTC.

...and it'd still be top-10 cryptsy even with 40 BTC  Cool
hero member
Activity: 658
Merit: 500
legendary
Activity: 1176
Merit: 1036
Dash Developer
I think it is Kyle Hagan. not 100% though.

Yeah, I fixed that. Thanks,
legendary
Activity: 1176
Merit: 1036
Dash Developer
Evan, not sure if my message went through so posting it here. Here's an edit of the media release with some more information about price and supply. Hope it's okay...

http://pastebin.com/qD7MLXeN

Looks fantastic, I just submitted it for release. Hopefully it'll go out soon. It costed $125, which I will reimburse myself from the bounty fund. Thanks for writing this up!
Jump to: