I'm sad, nobody has even noticed my libertarian commentary
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6722. (Read 9723545 times)
March 01, 2014, 09:21:12 PM
I'm sad, nobody has even noticed my libertarian commentary
March 01, 2014, 09:20:30 PM
There's more at stake than daily mining or who gets what. It's about future-proofing the coin so that it can have a clear and frozen number of max issuance where everybody knows how the game will play out, along with a timeline that will allow for smooth operation over a large time frame. The second component is critical as a clone could come and say "we are more future proof then darkcoin". Any of your weaknesses can be improved upon and rebranded to something better, so, knowing this, you do your best - leaving very few margins for improvement to uninventive copycats.
There are ways to future proof the coin that won't hurt early adopters like this change. Set the reward algorithm so that it caps out at something reasonable, say 10M after a set number of years. It should be us early believers who should be rewarded, the people who are actively contributing to the success of Dark.
Yes of course I agree it should cap but the period when this happens should be further in the future. Otherwise why would anyone mine after the capping? And if people don't mine, then how are you securing the network? You don't so you end up with a problematic network, unless the price is sooo large and transactions so many that miners can still make their expenses by mining transaction fees. That could happen, why not, but let's have everything covered either way.
As for the number of coins, 84m is good but I wouldn't object to a 21m scheme either - like BTC with a dark spin
March 01, 2014, 09:19:23 PM
Really, tabnk?
Seriously, slyA is correct, you need to turn off your computer for a while and go for a walk, please!
Seriously, slyA is correct, you need to turn off your computer for a while and go for a walk, please!
March 01, 2014, 09:16:49 PM
There's more at stake than daily mining or who gets what. It's about future-proofing the coin so that it can have a clear and frozen number of max issuance where everybody knows how the game will play out, along with a timeline that will allow for smooth operation over a large time frame. The second component is critical as a clone could come and say "we are more future proof then darkcoin". Any of your weaknesses can be improved upon and rebranded to something better, so, knowing this, you do your best - leaving very few margins for improvement to uninventive copycats.
There are ways to future proof the coin that won't hurt early adopters like this change. Set the reward algorithm so that it caps out at something reasonable, say 10M after a set number of years. It should be us early believers who should be rewarded, the people who are actively contributing to the success of Dark.
I just don't understand why the dev gave in to the trolls saying that Dark was premined. Yes, a good number of coins were mined in the first few months. However the people that mined those coins are what enabled the success of Dark ( Much credit to the dev). Why should some random miners who only came to Dark once it was safe and obviously valuable get the majority of its value?
Eduffield, I would really appreciate a response to this recent change. Why are you taking the majority of the reward away from us and giving it to future opportunists?
March 01, 2014, 09:16:26 PM
We need a drugs market to succeed. Well , its already a succes.
DarkRoad BB should be up on darknet in the next couple days.
Integrated darkcoin marketplace is in the works.
If anyone is interested in working on this project contact me by bitmessage. I am looking for devs.
March 01, 2014, 09:14:55 PM
indoor voice ....
March 01, 2014, 09:11:19 PM
DONT SELL IT AT 0.00166600 BTC. Only sell it at 0.025 BTC !@!!!!!
March 01, 2014, 09:10:36 PM
Why was the coin changed from being scarce to more common? I'd prefer the old cap of around 10 million. What does the new cap do, other than limit the potential value of our coins? As it stands, it makes more sense to dump these coins once they get a little more hype. I really hate when devs pull this sort of shit. Bought my coins a few weeks ago , expecting to be part of a relatively rare coin, now they become 5x + more common? Great way to reward the people who believed in you, dev. Not all of us have the space to mine so this change is a big fuck you to all the non miners investing in Dark.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
Total market cap was initially 84M as it is now.
I think I saw on the coins specs that the block reward is now halved at 2 years instead of 1, so that would still be lower than 84m. Kind of solomon's solution to the problem of 10m vs 84m? The devs can explain it perhaps.
If it's at 2 years, someone do the math for 2 years. I think it's best to fix the number right now and forever, freezing it there for eternity so that no problem regarding inflation/deflation will arise in the future. These things tend to shake investor confidence. However I think what we also have to examine the incentive for mining. We don't want the coin to have no miners, in say, 10 years - that would be bad for the network and I'm sure that no matter how much an investor likes a scarce coin, they wouldn't want to hold a coin with a problematic network either.
There's more at stake than daily mining or who gets what. It's about future-proofing the coin so that it can have a clear and frozen number of max issuance where everybody knows how the game will play out, along with a timeline that will allow for smooth operation over a large time frame. The second component is critical as a clone could come and say "we are more future proof then darkcoin". Any of your weaknesses can be improved upon and rebranded to something better, so, knowing this, you do your best - leaving very few margins for improvement to uninventive copycats.
March 01, 2014, 09:06:47 PM
BIG BUY WALL @ 0.00166600 BTC 
March 01, 2014, 09:05:48 PM
Why was the coin changed from being scarce to more common? I'd prefer the old cap of around 10 million. What does the new cap do, other than limit the potential value of our coins? As it stands, it makes more sense to dump these coins once they get a little more hype. I really hate when devs pull this sort of shit. Bought my coins a few weeks ago , expecting to be part of a relatively rare coin, now they become 5x + more common? Great way to reward the people who believed in you, dev. Not all of us have the space to mine so this change is a big fuck you to all the non miners investing in Dark.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
Total market cap was initially 84M as it is now.
I think I saw on the coins specs that the block reward is now halved at 2 years instead of 1, so that would still be lower than 84m. Kind of solomon's solution to the problem of 10m vs 84m? The devs can explain it perhaps.
If it's at 2 years, someone do the math for 2 years. I think it's best to fix the number right now and forever, freezing it there for eternity so that no problem regarding inflation/deflation will arise in the future. These things tend to shake investor confidence. However I think what we also have to examine the incentive for mining. We don't want the coin to have no miners, in say, 10 years - that would be bad for the network and I'm sure that no matter how much an investor likes a scarce coin, they wouldn't want to hold a coin with a problematic network either.
My question is why is the dev punishing us like this? We believed in Dark from the start, why should miners who are taking zero risk be rewarded in our place?
March 01, 2014, 08:59:59 PM
I think I saw on the coins specs that the block reward is now halved at 2 years instead of 1
source? 
March 01, 2014, 08:52:47 PM
Wow, that's not inappropriate at all. Are you joking or just trying to make us look bad?
sick. twisted.
March 01, 2014, 08:51:21 PM
Why was the coin changed from being scarce to more common? I'd prefer the old cap of around 10 million. What does the new cap do, other than limit the potential value of our coins? As it stands, it makes more sense to dump these coins once they get a little more hype. I really hate when devs pull this sort of shit. Bought my coins a few weeks ago , expecting to be part of a relatively rare coin, now they become 5x + more common? Great way to reward the people who believed in you, dev. Not all of us have the space to mine so this change is a big fuck you to all the non miners investing in Dark.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
Total market cap was initially 84M as it is now.
I think I saw on the coins specs that the block reward is now halved at 2 years instead of 1, so that would still be lower than 84m. Kind of solomon's solution to the problem of 10m vs 84m? The devs can explain it perhaps.
If it's at 2 years, someone do the math for 2 years. I think it's best to fix the number right now and forever, freezing it there for eternity so that no problem regarding inflation/deflation will arise in the future. These things tend to shake investor confidence. However I think what we also have to examine the incentive for mining. We don't want the coin to have no miners, in say, 10 years - that would be bad for the network and I'm sure that no matter how much an investor likes a scarce coin, they wouldn't want to hold a coin with a problematic network either.
March 01, 2014, 08:50:42 PM
Wow, that's not inappropriate at all. Are you joking or just trying to make us look bad?
March 01, 2014, 08:48:24 PM
What about 'darkgarten'?
/nopedo
/nopedo
March 01, 2014, 08:43:11 PM
Look the Exchange, there are a lot DUMPERs dumping at 0.0016 BTC. They can't wait but WE will HOLD IT. 
Mate. Step away from the screen. You are seriously obsessed with the price. I am genuinely scared you might do something to yourself if this coin dips.
March 01, 2014, 08:37:34 PM
Look the Exchange, there are a lot DUMPERs dumping at 0.0016 BTC. They can't wait but WE will HOLD IT.
March 01, 2014, 08:36:27 PM
Why was the coin changed from being scarce to more common? I'd prefer the old cap of around 10 million. What does the new cap do, other than limit the potential value of our coins? As it stands, it makes more sense to dump these coins once they get a little more hype. I really hate when devs pull this sort of shit. Bought my coins a few weeks ago , expecting to be part of a relatively rare coin, now they become 5x + more common? Great way to reward the people who believed in you, dev. Not all of us have the space to mine so this change is a big fuck you to all the non miners investing in Dark.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
Total market cap was initially 84M as it is now. At some point a yearly reward halving mechanism was introduced, reducing the effective market cap (but would have no effect on year 1). Not sure on the reasons for this, you'd have to ask the dev. This change was reversed soon after. In practical terms, these changes have little to no effect considering we're still at the very beginning of the mining life cycle. Talk of dilution is misplaced -- these coins are not being added or removed from the current market. They don't exist and won't for years. That said, I expect the initial total cap of 84M will remain constant from here.
March 01, 2014, 08:36:03 PM
Why was the coin changed from being scarce to more common? I'd prefer the old cap of around 10 million. What does the new cap do, other than limit the potential value of our coins? As it stands, it makes more sense to dump these coins once they get a little more hype. I really hate when devs pull this sort of shit. Bought my coins a few weeks ago , expecting to be part of a relatively rare coin, now they become 5x + more common? Great way to reward the people who believed in you, dev. Not all of us have the space to mine so this change is a big fuck you to all the non miners investing in Dark.
I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
You have nothing to worry about. Just watch how slowly the total supply changes. There has been like a couple of 100,000's new coins since the last month. It's a healthy, scarce, growth. I know that I'll still profit, but with this dilution, I guess I'll have to start day trading. Dump after a big rise, buy back later once it drops.
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