"The world's first coin where you can't join any mining pool because they say they'll send you an email and never do."
Most accurate slogan.
Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 6775. (Read 9723522 times)
February 25, 2014, 09:32:49 PM
February 25, 2014, 09:29:09 PM
I don't see why someone stating facts would make you reach the conclusion that they are greedy. I hope the dev can elaborate on the total coin cap. If it indeed can only reach a max of 10.5M then those coins mined in the first 24 hours have a much bigger piece of the pie and make the distribution unfair. I agree that early adopters should have an advantage, but 17% of all coins? How many of those are the Dev's? Sounds like a way to get around pre-mining to me. Of course I hope that is not the case because I did invest some in this coin as well and would like to see it succeed in its goal for complete anonymity. But because someone asks for transparency does not make one greedy.
The thing is that only 17% is ALOT. For perspective, 17% of bitcoin is well over one billion dollars at the current price. In other words, my concern is more whether the total cap really 10.5M instead of the 84M advertised? If its 84M, then those coins mined in the first 24 hours are much less significant. Fair distribution is important to the success of a coin, or else Drk will just be replaced by the next coin that is able to copy its features.
February 25, 2014, 09:28:51 PM
Hey Eduffield, how is the new website coming along? (also you guys should update the exchange list on darkcoin.io, we still only have 3!)
Here's the work in progress, any ideas would be greatly appreciated: http://darkcoin.us/io/
What should be on the homepage? We have 5 slots to fill.
Anyone have good ideas for stock photos for the various pages?
Starting to look good. If you're going with the gray overall theme, I'd suggest reconsidering this coin sigi made
.
.
.
edit: I'd also pay a bit to have the website made I imagine you've hired someone?
i think we have already been through the coin designs and pretty much have settled on the other one.
February 25, 2014, 09:27:09 PM
I can tell you that we have nowhere near that many coins. And between the two of us we gave away close to 80,000 DRK in the first week or two. We are not hoarding coins, and there are people here that can stipulate that I sold ten of thousands at or below $0.02. I have sold and given away more coins than I now have, and yes I was mining on the first day right after it was made public, using Amazon EC2 servers.
We both gave away alot of coins to get people interested, and we didnt even PRE-MINE, we just wanted the coin to succeed.
If we were just looking for a quick buck and had 1.8 Million coins, or anywhere close to that, we would have sold at $1 and been very happy, but that is not why we made this coin.
We both gave away alot of coins to get people interested, and we didnt even PRE-MINE, we just wanted the coin to succeed.
If we were just looking for a quick buck and had 1.8 Million coins, or anywhere close to that, we would have sold at $1 and been very happy, but that is not why we made this coin.
February 25, 2014, 09:20:46 PM
Hey Eduffield, how is the new website coming along? (also you guys should update the exchange list on darkcoin.io, we still only have 3!)
Here's the work in progress, any ideas would be greatly appreciated: http://darkcoin.us/io/
What should be on the homepage? We have 5 slots to fill.
Anyone have good ideas for stock photos for the various pages?
Starting to look good. If you're going with the gray overall theme, I'd suggest reconsidering this coin sigi made
Looks really good and is better suited to be an icon at small sizes as well.
edit: I'd also pay a bit to have the website made I imagine you've hired someone?
February 25, 2014, 09:16:21 PM
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100
And only linux wallet on start, which limited number of miners.
Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
I don't see why someone stating facts would make you reach the conclusion that they are greedy. I hope the dev can elaborate on the total coin cap. If it indeed can only reach a max of 10.5M then those coins mined in the first 24 hours have a much bigger piece of the pie and make the distribution unfair. I agree that early adopters should have an advantage, but 17% of all coins? How many of those are the Dev's? Sounds like a way to get around pre-mining to me. Of course I hope that is not the case because I did invest some in this coin as well and would like to see it succeed in its goal for complete anonymity. But because someone asks for transparency does not make one greedy.
February 25, 2014, 09:12:54 PM
With so much talk about open/closed source, I've decided to make a poll on the issue. It probably won't solve the debate but I think it will be interesting.
Personally, I favour opening only after DRK has had a chance to become the standard for anonymous transactions. Maybe the developers could let a select few third parties see the code before it becomes open source and verify it?
Here's the poll. These seem to be the three most popular responses, from what I've read. Before you ask, it only allows one vote each!
http://poll.pollcode.com/33531934
I liked it... Very democratic I did the 12th vote..Personally, I favour opening only after DRK has had a chance to become the standard for anonymous transactions. Maybe the developers could let a select few third parties see the code before it becomes open source and verify it?
Here's the poll. These seem to be the three most popular responses, from what I've read. Before you ask, it only allows one vote each!
http://poll.pollcode.com/33531934
I liked it/voted on it too
February 25, 2014, 09:09:58 PM
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100
And only linux wallet on start, which limited number of miners.
Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
I'm with you darkproton.
Don't understand what he's searching with his comments since a week...
If you are not happy buryat go mine another coin, and leave us with our faith in this DarkSideOfTheMoonCoin !!
February 25, 2014, 09:08:50 PM
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100
And only linux wallet on start, which limited number of miners.
Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
Dude, I'm with proton. If you don't like the coin, don't mine it, and don' t buy it. It isn't a super-complicated plan. I like dark, and I"m going to mine it, maybe sell some, maybe buy some. I'm going to help out where I can, and I hope the whole thing goes really well. I know that like any work in progress, any new idea, there will be bumps in the road, detractors, etc. I'm not too stressed if the one or two day price rises or falls with the collapse of Mt Gox or anything else.
Chill out and enjoy the ride. In a few years hopefully we'll all laugh about "remember when there were public blockchains?!" This coin is a good idea, and we have a dev who is actively developing it. Who cares how many coins he has - he has clearly put most of the work into this coin.
I don't know about you, but I'm here because I want to be here. eduffield has already fixed one issue with the way mining rewards work, and if there looks like catastrophe on the horizon, I'm sure he can fix it again.
February 25, 2014, 09:05:25 PM
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100
And only linux wallet on start, which limited number of miners.
Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
I don't see why someone stating facts would make you reach the conclusion that they are greedy. I hope the dev can elaborate on the total coin cap. If it indeed can only reach a max of 10.5M then those coins mined in the first 24 hours have a much bigger piece of the pie and make the distribution unfair. I agree that early adopters should have an advantage, but 17% of all coins? How many of those are the Dev's? Sounds like a way to get around pre-mining to me. Of course I hope that is not the case because I did invest some in this coin as well and would like to see it succeed in its goal for complete anonymity. But because someone asks for transparency does not make one greedy.
February 25, 2014, 09:02:36 PM
Here's the work in progress, any ideas would be greatly appreciated: http://darkcoin.us/io/
[/quote]
Looking good ! can not wait to see this up …>>>
[/quote]
Looking good ! can not wait to see this up …>>>
February 25, 2014, 08:59:07 PM
Hey Eduffield, how is the new website coming along? (also you guys should update the exchange list on darkcoin.io, we still only have 3!)
Here's the work in progress, any ideas would be greatly appreciated: http://darkcoin.us/io/
What should be on the homepage? We have 5 slots to fill.
Anyone have good ideas for stock photos for the various pages?
February 25, 2014, 08:52:49 PM
Hey Eduffield, how is the new website coming along? (also you guys should update the exchange list on darkcoin.io, we still only have 3!)
February 25, 2014, 08:38:46 PM
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100
And only linux wallet on start, which limited number of miners.
Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
February 25, 2014, 08:26:58 PM
Most likely reason for price drops:
Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.
Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.
Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.
This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.
I do hope it isn't something to do with coinmine though, that would be a nasty thought.
Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.
Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.
Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.
This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.
I do hope it isn't something to do with coinmine though, that would be a nasty thought.
I'm the crazy one with the doublespend theory. Only came up with that since I couldn't figure out at all why the hell someone would want to lose so much money by dumping now, except for competition/the thief. There is most likely no truth at all to the doublespend, I just had to bring it up and bring down coinmin to below 50% at the same time.
Yeah it's definitely a good thing you bought it up. Would their be any way for anyone to find out if that happened or not?
February 25, 2014, 08:24:47 PM
Most likely reason for price drops:
Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.
Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.
Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.
This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.
I do hope it isn't something to do with coinmine though, that would be a nasty thought.
Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.
Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.
Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.
This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.
I do hope it isn't something to do with coinmine though, that would be a nasty thought.
I'm the crazy one with the doublespend theory. Only came up with that since I couldn't figure out at all why the hell someone would want to lose so much money by dumping now, except for competition/the thief. There is most likely no truth at all to the doublespend, I just had to bring it up and bring down coinmin to below 50% at the same time.
February 25, 2014, 08:20:36 PM
Most likely reason for price drops:
Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.
Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had because he waited for it to recover a bit or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.
Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.
This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.
I do hope it isn't something to do with coinmine though, that would be a nasty thought.
Guys stop panicking about the price as I believe this (https://bitcointalksearch.org/topic/m.5345725) is the sole cause. I was watching the exchange as this happened, yesterday price was stable at ~.0022 and was going up close to .0025 showing no signs of slowing down. This dude starts dumping his 143 BTC worth of DRK to pay back C-Cex and bought the price down last night to like .00125.
Then today what I think happened to crash the price again was either a) He hadn't finished dumping all the DRK he had because he waited for it to recover a bit or b) All the people who bought DRK based purely off looking at graphs and shit logged on today and said "oh shit get me outta here" and sold. Could even be a combination of these.
Of course this is just my assumption. I'm just happy I picked loads of coins up at .00125 and gutted I missed the massive drop today.
This is just my assumption though. But I'm 90% sure of it in my head. It's safe to say the government isn't driving the price down and all of these crazy theories people are pulling out their asses here, I think that's very highly unlikely.
I do hope it isn't something to do with coinmine though, that would be a nasty thought.
February 25, 2014, 08:16:23 PM
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
1 834 654 coins were mined in the first 24hrs (17.4% of all the coins that will be mined)
http://explorer.darkcoin.io/chain/DarkCoin?hi=4200&count=100
And only linux wallet on start, which limited number of miners.
Plus strange block reward bug https://github.com/evan82/darkcoin/commit/a5737981616b4f6392d4eb63f89760c3afc64e08
February 25, 2014, 08:13:45 PM
Eduffield, Any chance we can get this diff/reward stuff explained?
With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.
With all the forks it is hard to tell if the halving is being used and when it begins. Best thing to stop the potential spread of FUD is an official statement and explanation.
It's really pretty simple, we're capped at 25DRK per 2.5 minutes, that's 210240*25 per year, so broken down yearly:
Year 1: 5,256,000
Year 2: 2,628,000
Year 3: 1,314,000
etc
So in ten years we'll have maybe 10 million coins in existence. It's a very scarce resource and is designed to gain/keep it's value.
So that s right that we will never reach the 84 millions.. The max in infinite time is 10,512,000 coins...
Or the halving stop after certain number of years...?
February 25, 2014, 08:10:20 PM
Not sure if any of this is a coordinated effort to steer miners to coinmine.pl, but who doesn't love a good conspiracy theory. 
Well maybe we should coordinate an effort to steer miners away from coinmine.pl if you catch my drift.
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