Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6290. (Read 9723733 times)

subject is darkcoins unfair distribution. If you have good justification of 50% insta-mine-currently-in-circulation issue say it. (this and this coin has 100% insta-mine is not a defense at all)

100% of blackcoin was instamined in the first six days (only 1% more coins per year after the first six days). I always wondered by people care with Darkcoin and not Blackcoin.

uhm no. and what does it have to do with darkcoin??? how would that subject be related to darkcoins unfair distribution and insta-mine issue???


uhm no. it doesnt. 50% of the coins in circulation are insta-mined.

oh and ALOT of people care about unfair distribution.

you bought some blackcoin right before it exploded in value

I believe this coin has one of the fairest distributions ever, but even if it is not, who cares?

As a Darkcoin holder, I'd like to hear all points of view.

(...)

Don't call him a troll - he's right. It would explain what's wrong with this coin marketwise. Every time it makes headway towards 20, no matter how strong or substantive the news, it gets dragged down (I wouldn't say hammered). My question, to Darkcoin believers, and to those who know how much of this "overhead supply" is out there - how long before it's run down?

Is 6-months a likely scenario - is that how much longer there is to wait before the road is cleared so this coin can rise above 20?

True...here is a question for you all.  Larger exchanges allow "market makers" in. They allow trading firms to "make markets". They probably give them a good deal on fees.
Is it possible that they would allow these firms to sell short, using other peoples coins that were held in the hot wallet?

I mentioned it the other day that a correction is possible (and desirable for those complaining they want back in because they sold) because the sweeping of the orderbook was not accompanied by pump-level volumes associated with other coins. It was mostly small orders.

There's also the trading factor: There are short-term traders who spot the declining charts of altcoins and invest in coins that have gone too low for their usual levels. They buy and then sell back at +10/20-30% etc. It's not inconceivable that people who bought at 0.0012 sold at 0.0015-23 for a good profit.

yeah. you tell yourself that.

there are coins with only 0.2% premined.

not like 50% instamined dark coins (50% of in circulation)

also very rarely devs decrease the number of coins just to increase the value of their already-high-number-of-coins.

most people who post and read these forums are knowledgable and smart. they know what you are doing.

A bit of recent X11 enthusiasm no doubt... but I do believe so in any case

Litecoin got big exactly because BTC got invaded with ASICs. LTC was the promiss land for the core principle of BTC, decentralised trust less distributed consensus network, 2.5 minutes instead of 10, all round a much better/stronger coin technically. So GPU miners fled to scrypt to protect their investment.

Come November 13, BTC exploded, taking LTC along with it. The world, myself and my mother found out about BTC. A few million geeks like me quickly understood BTC mining was over and rushed into scrypt. A few million geeks like me almost threw their rigs out the window in rage when, after spending fiat for a 5x 280x rig, only for scrypt-ASIC to hit the market of pre-orders and Gridseeds.

People are starting to dump their rigs on ebay etc, because they know LTC will "die", like BTC, for the small miner very very soon.

In the meantime, everyone in Nov'13 was thinking the same as me... WOW, no .gov, anonymous untraceable geek money, how cool... Well, BTC/LTC is exactly the opposite. It can be anon, but its much more open to scrutiny than an x-ray scan. Its is heaven for NSA

So, when disgruntled GPU miners, the Chinese (and other oppressed...), Silk Roaders and Karpeles (and his ball licking chiwawa) find out about Darksend, Darkcoin and X11, the hash rate will skyrocket. Lets not forget summer is near and the vast majority of GPU miners live on the northern hemisphere.

The real question is, with Darkcoin, why on earth would I need Litecoin for? Its obsolete in all accounts, starting with scrypt. First there was SHA256, then there was Scrypt, now there is X11. Algorithmic fan-club aside, X11 is a dream for managing rigs. Power and heat alone are a reason to shut down the previous algo's entirely, let alone the lack of true innovation.

DRK is the first to bring something actually useful to the table, that is not freakish to understand (ever tried explaining ethereum to anyone?), is everything a crypto-coin should be. Yes, an ASIC could be made for X11, or 13 or X99999^3 - but such a class of computing would equate that of a normal PC for a very very VERY long time.

Darkcoin is like going back in time and starting over fresh and clean, dunno if anyone agrees or not. DRK will explode soon, could even happen before KNC rolls out 250MH/s scrypt ASICs as miners have learnt their lesson with BTC->LTC.

Scrypt-Jane or N are great, but have the same heat/power issues as scrypt. Yet look at Vertcoin's success and rise... LTC miners are jumping on alt.coin lifeboats. When they find how awesome X11 is, they'll have a boner just like I'm having and word spreads properly, DRK will have a massive influx of miners.

So don't go on forum explaining this stuff to everyone, so we can keep the hash rate low and mine big and HODL and secretly buy a Tesla with DRK come Nov'14.

shhhhhh!!

 

To anyone worried about the price going UP and quickly down back to 0.0014-0.0015, it's normal, the volume and demand is not enough to make it go higher than 0.0025 for too long yet.

It's very easy to make it fall back with only 3k or 4k DRK, because there are so many people trying to create FUD around this coin that every time the prices goes a bit up, weak hands quickly dump, and the volume and demand is not enough to rebuy those and keep the raise, only a few thousands coins make it drop back to the 0.0014 area.