Is DarkCoin/ DarkSend completely anonymous? This is a blunt question and I'm not trying to troll. I hear a lot of back and forth with this, with lots of tech talk I don't really understand.
From what I can tell, it seems that even with DarkSend, its simply harder, but not impossible to trace it. I've even hear this from DarkSend supporters, with one saying, vaguely
"yeah, not impossible to trace, esp for small operations like police, banks, hackers, etc. But the NSA could prob trace it if they wanted"
I'm not saying that not good enough. That would be a step in the right direction, but represents merely a head step in the technological arms race. If police departments wanted an easy way to trace any crypto, couldn't a private enterprise specialize in doing just that in a cost competitive way, and offer it as an affordable service?
In indepth answer would be quite complex and probably only the lead developer is capable of answering accurately. The source isn't released so what you hear anywhere else is likely to be speculation or hearsay.
I've been talking with eduffield to try to get a bit of a layman's understanding of the ins and outs of darksend. A rough overview by my understanding:
Darksend affords
better anonymity than normal clear transactions. It's not perfect anonymity, but it gets better as the network adoption of darksend increases, to the point where it may be extremely difficult/infeasible for anyone to trace a transaction. There may be exploits found, and I'm sure the devs will be actively working to find & patch them. Already one denial of service vulnerability has been found, and the dev is currently writing in a fix for it for the next release.
Just the kind of answer I was looking for. Its in line with my general understanding too.
IMHO, I don't expect perfect privacy right away. DRK is one rung on the evolutionary ladder of cryptos in general.
I think the coin has promise, but even if it collapses, many man hours were spent marching in the right direction.
The Alc-coin market is a strange beast, with lots of chances for short term speculation with low market caps, where, if you time the market perfectly, you could make a few BTC's! Whoopdy s#@t. I guess its not that crazy to see the more major/ blatant scams going on, but still, its rarely for any amount of life changing money.
Develop something great - a good product - and you can do well. The community, and crypto- concept, will benefit as well. And even more to the point: develop something conceptually good/ innovative, behave in an above the board, professional manner, and who cares if the project ultimately collapses? You'll be in a much better position to join a reputable dev team down the line.
Yeah, wild west and all that, but I see so much short sighted-ness; not here bit in the crypto dev markets in general! Think 5 year plans, not about which coin will EXPLODE/ be the next BTC/ crypto gold rush. Think about how you will advance yourself/ skill set/ thinking in order to be a participant in pushing the general technology forward.
For all the BTC = Digi-gold analogies, I think the one below is worth mentioning, as I believe it applies perfectly to what is going on in the crypto world in general:
Business and entrepreneurs made far more money from famed 1849 San Francisco gold rush than the speculators ever did. The general crypto boom is over. Those who saw 8000%+ profits from BTC in < 2 years were the lucky few. Who we be the Levi Strauss of the crypto era - a man who started a small business selling new-fanged denim jeans to the gold miners back in '49. Perhaps you've heard Levi's?
DRK looks interesting enough, but whether or not it shoots up and outrageous amount to $20, or even $100 by next year is largely irrelevant, and cannot possibly make anything more than funny money compared to the fortune's that will be made by those who make cryptos usable, secure, feature rich, etc. Even law firms specializing in the necessary new wave of crypto-centric law will make millions more than most large scale investors in nearly every new coin.
/Rant
I'm happy to see a consensus among some posters here to NOT pump this coin because it will kill it. Thats awesome, and actually impresses me more than DRK haha.
The devs should go SLOW! Take you time. Get it right the first time. Beating Zerocoin to market, media hype, etc, ignore most of that. Focus on building a good product.
Yeah, it'll have bugs! Yeah, randos will DDOS the shit out of it. Admit your errors, ask for help, and keep acting responsibly as you go. Dont compromise the project by rushing for small profits.
Best of luck.
Oh, and could you have SR2 announce they are now accepting DRK, even while in BETA, k, thx, bia, durrrrrrrrrrrrrrr :-/