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Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6287. (Read 9724017 times)

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!
full member
Activity: 224
Merit: 100
Yeah actually chopping off the bit about "next release candidate" is good. Not a bad idea to leave the voluntary wording in there though imo. If we're getting rid of the part about next RC then there's no need for the parentheses around (will).
hero member
Activity: 546
Merit: 500
01100100 01100001 01110011 01101000
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

This sentence, "Masternodes host the Darksend network and the voluntary nodes will begin to receive incentive payments starting from the next release candidate.", could use a little rewording. I'd suggest something more along the lines of:

-The DarkSend network is hosted by Masternodes, and these voluntary nodes will begin to receive incentive payments starting from the next release candidate.

[...]
Maybe :

DarkSend uses special nodes named 'Masternodes', whose owners (will) receive incentive payments for their contribution to the network.

?
full member
Activity: 224
Merit: 100
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

This sentence, "Masternodes host the Darksend network and the voluntary nodes will begin to receive incentive payments starting from the next release candidate.", could use a little rewording. I'd suggest something more along the lines of:

-The DarkSend network is hosted by Masternodes, and these voluntary nodes will begin to receive incentive payments starting from the next release candidate.

I'm sure it can be tweaked further. Also there is some inconsistency with DarkCoin vs Darkcoin, these little things are important for professionalism. Also, DarkSend or Darksend? I believe it should be DarkSend but I suppose that's up to Evan.

Thanks for your work! Smiley
legendary
Activity: 1456
Merit: 1000
I think it is Kyle Hagan. not 100% though.
full member
Activity: 168
Merit: 100
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
legendary
Activity: 924
Merit: 1000
Bitfarms.io
Dark.SuchPool.pw is now back up!

http://Dark.SuchPool.pw

You may want check your balances on the pool as the transaction table was badly altered. The stats on the pools may be incorrect, but most coins that should have went out during the affected period were effectively sent. We did our best to track the balances and keep them proper, but it seems some users got more payouts than they sould, and some got less.

The only period affected by these database issues is over a maximum of 24 hours, between April 17th and April 18th.

This is a bad situation for all of us and we would like to offer every affected miner deep apologies for all the inconvenients.
We weren't expecting such a fatal attack and are still amazed by how much this affected all our pools.

The SuchPool Team!
legendary
Activity: 1456
Merit: 1000
People renting out their x11 rigs to mine quebec coin

https://www.miningrigrentals.com/rigs/x11

Don't worry, I take care of Darkcoin hash rate  Wink

OMG!

What if Quebec coin implements DarkSend? You totally can't miss mining over there for the next 48 hours.

It's a once in a life-time, never to be repeated, unmissable, kick-yourself if you don't do it moment.

Like I said, I'll take care of Darkcoin network for a few days.

When I was 3, my wish was to one day be a janitor; this is my chance.
Damn, might have to whore out my rigs there too...  Cool

edit: screw that, you basically have to give them control of your rig and do all your admin / rig control through them. Ugh.



https://bitcointalksearch.org/topic/m.6012726

Go make a ton of money, then come back and spend it all on DRK.

I'll take care of the DRK network.  Wink
legendary
Activity: 1190
Merit: 1000
Maybe you're new around here? It was caused by a bug, here's the full story: https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/
I'm new around here, so thank you.
legendary
Activity: 1456
Merit: 1000
Pressure brought by DogeCoin miners to adopt x11 has resulted in some research on x11 by the Doge Devs

http://www.reddit.com/r/dogecoin/comments/23fk2i/very_long_very_serious_development_summary_week/
hero member
Activity: 560
Merit: 500
hero member
Activity: 720
Merit: 500
legendary
Activity: 1456
Merit: 1000
Since this is the only cryptocurrency having this feature now, those people can be taken for granted.

Not necessarily. Most of the clients - even those who have very unique/rare/special requirements - need to be found the the service, not the other way around.

I think DarkSend should be promoted as a professional feature. Not a star wars kind of "dark side".
You want to get involved in a professional crypto business? -> You need the ability to make anonymous transfers, both for the company's own and for your client's safety/benefit.

While I agree, I think there is a sense of realism that the big early adopters might just be buying things that carry jail terms and a DarkSend type feature might be of interest in that regard.

I gave up on the point of mainstream adoption and a family friendly approach about 300 pages back. I got to the point where a pragmatic middle ground in my mind was to wait until the market cap gets to $20m - $50m, then go suggest mom n' pop re-branding and re-positioning.
legendary
Activity: 966
Merit: 1000
People renting out their x11 rigs to mine quebec coin

https://www.miningrigrentals.com/rigs/x11

Don't worry, I take care of Darkcoin hash rate  Wink

OMG!

What if Quebec coin implements DarkSend? You totally can't miss mining over there for the next 48 hours.

It's a once in a life-time, never to be repeated, unmissable, kick-yourself if you don't do it moment.

Like I said, I'll take care of Darkcoin network for a few days.

When I was 3, my wish was to one day be a janitor; this is my chance.
Damn, might have to whore out my rigs there too...  Cool

edit: screw that, you basically have to give them control of your rig and do all your admin / rig control through them. Ugh.
hero member
Activity: 588
Merit: 500
Since this is the only cryptocurrency having this feature now, those people can be taken for granted.

Not necessarily. Most of the clients - even those who have very unique/rare/special requirements - need to be found the the service, not the other way around.

I think DarkSend should be promoted as a professional feature. Not a star wars kind of "dark side".
You want to get involved in a professional crypto business? -> You need the ability to make anonymous transfers, both for the company's own and for your client's safety/benefit.
legendary
Activity: 1456
Merit: 1000
People renting out their x11 rigs to mine quebec coin

https://www.miningrigrentals.com/rigs/x11

Don't worry, I take care of Darkcoin hash rate  Wink

OMG!

What if Quebec coin implements DarkSend? You totally can't miss mining over there for the next 48 hours.

It's a once in a life-time, never to be repeated, unmissable, kick-yourself if you don't do it moment.

Like I said, I'll take care of Darkcoin network for a few days.

When I was 3, my wish was to one day be a janitor; this is my chance.
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