Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6291. (Read 9723733 times)

 > 15GH again.

Difficulty @ 1008 and now 794?

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!!

 

Appreciate the response.

If the price remains (artificially?) low for a while yet, I'm fine with that! I want to increase my stake by a significant percentage while I can afford to.

Don't really see what people are moaning about. Do you really think the BC/WC day traders are the ones who will have the last laugh? Go join them, good luck.

I think it tried to, but as the price rose, large holders decided to sell, which is actually great because it spreads the coins to others, giving them an opportunity to buy.  But how long this kind of thing will last, I have no idea.  All I know is that the coin has great developers, great ideas, has proven itself to work, and is the first one out there that has done such an excellent job.  So I can't see where it will go wrong.

sdersdf2, I think it's going to steadily climb.  Up a bit, down a bit less, up a bit more, down a bit less, etc.... a stead zig zag finding new "bottoms" and then climbing again.  I think there is something different about the people interested in Darkcoin.  Not so quick to jump, therefore not so easy to manipulate.  But of course I may be proven completely wrong???

I agree, long-term. Question is, what's your guess on when DRK's price shakes off its stagnation and takes off?

As would I - including explanations of what's going on, rather than "shut up" comments.

I don't know either, but any large holders that dump makes for a healthier coin in the end.  I think we'll survive it though because we have such active developers with excellent ideas and great work ethic (or obsessive, LOL)  Because of our great developers and progress, I don't think that the dumps will be harmful except that the growth in price will continue to be delayed.  However, that means more and more people will purchase darks and the distribution will be very healthy.

Just my opinion though

Typically, markets, even defective ones, are forward-looking. Why hasn't DRK's price been going up in anticipation of that future news?

A Darkcoin clone with a different distribution may do better.

You know what got me into crypto? I saw an interview on Youtube with a Texas gun store owner, the first in the country to accept BTC directly. When the rednecks would rather have crypto than fiat, you know the world is changing. (No disrespect to my Texas brethren, I'm a gun totin' Brit - yes, we do exist!)

The choke points you mention are disappearing. I can buy plenty of stuff without fiat, and that's improving every day.

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

If the large holders are keeping their coins in exchanges , then it probably means they want to be able to sell them.
How much of the large holdings are in exchanges

Are people required by law to post pointless whining/bragging on the forums? If you think DRK is so horrible, or you don't like the current price, or you bought some blackcoin right before it exploded in value... go snapchat it to your friends or something, nobody on the forum wants to hear about it.

they can undo 1 of the mistakes they have had.

increase the number of coins back to its original (and intended) value.

this would dilute their holdings a bit and would make the coin distribution more fair for future-miners.

So what are you suggesting?

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.

I dont think you're right, this coin has gone through many stages, it's pretty unlikely that someone knew how big this coin would become when it was called xCoin, had a few people involved and had got almost no attention. Anonymity has only come into works the last 2 months, before that it was a matter of belief and speculation.
Perhaps some people own a big percentage of the coins, but that could just as well be due to someone buying up a lot of cheap coins in the start.
Also, there is no coin with a fair distribution, it's all about gambling, speculation and innovation.

That's the way it is with every coin. I guess all of cryptocurrency is about to crash by this logic.