Topic: Darkcoin is officially dead (Read 6640 times)

That guy probably isn't around long enough to differentiate the difference between PoW and PoS coin. Or Anon vs non-anon transaction.

So, from a newbie perspective, all coins are same to him.

It's actually sad to see who is holding that Eden signature. How can you even say 'altcoin' as in general for all coins. There is no rule that.
The developers should not abandon DRK at all. If you actually cared enough to do any research about it you would know why. The anonymity is there and it works, you can try it out yourself. You must realize that not all coins are the same. While the majority is copied and used for pump & dump purposes, that's why they don't recover.
You know that I'm right when you look at the market. The price bounced back quite nicely and I'm hoping that the trend will continue the next few days.

40% price jump today. There are still a lot of darkcoin supporters apparently.

I hope the developers do not cash out their holding on every rally.

Monero uses the CryptoNote protocol, which is completely different from the Bitcoin protocol. It does use a different proof of work algorithm from Bitcoin, but that is inconsequential, as that is definitely not the key or only differentiator.

For example, what you think of as a "wallet" in Bitcoin is a group of private (spend) and public keys that belong to you. In Monero, a wallet only contains two private keys: a spend key and a view key. An "address" in Bitcoin is a base58 encoded hash of the public key associated with a particular private key inside a wallet. In Monero, an "address" is a base58 encoding of the serialised view and spend public keys.

Incidentally, "mining" in Bitcoin is merely proof of work, and Satoshi openly acknowledges in the Bitcoin whitepaper that it is based on Adam Back's Hashcash.

Therefore, just because it appears to be similar in concept and uses similar terminology does not mean that it is the same thing. Satoshi Nakamoto pulled many things together in Bitcoin, from a HashCash-derived proof of work system, to the blockchain which is, essentially, a Merkle tree that is not too dissimilar from what Ralph Merkle patented in 1979. Similarly, Monero certainly uses many of the theoretical principles espoused in Bitcoin, but it pulls many other cryptographic concepts together, such as its use of ring signatures (per the "group signatures" paper published by D. Chaum and E. van Heyst in 1991).

yeah i know that, but still the difference between bitcoin and older crypto(i didn't read all the the article, but the old crypto didn't have block reaward/address/mining ecc...they work on a different bases, instead monero have only the cryptonote algo as something new) are very high compared to new coin and bitcoin, the latter are more of a clone, than the old one with bitcoin imho

for example you can't just say that bitcoin is a clone of electronic money

The price breaks $2 and holding. There may still be hope on the coin.

But that just means it shares common principles. Bitcoin used principles from Adam Back's Hashcash, blinded payments from DigiCash, and several other virtual currencies that preceded it. Here is a good article that is a starting point if you're interested: http://bitcoinmagazine.com/12241/quick-history-cryptocurrencies-bbtc-bitcoin/

I think it's important to make a distinction between something that builds on the theoretical foundation of Bitcoin, yet shares no common code with it, and something that merely inherits Bitcoin's code and adds a few features. I do not think calling the former a "semi-clone" is valid, any more than I think it's fair to call Bitcoin a semi-clone of DigiCash;)

it's a semi-clone, it is based on block and reward and transaction with address, everything that shares those characteristics it's a semi-clone

at least it's not a pure clone yes

Because Aurora coin spike up quick and fade away equally fast. Darkcoin is going through the same process right now.

Altcoin that suffer this kind of price dropped rarely ever come back. The developers might as well abandon the project and start from fresh.

How exactly is this related to DRK. There was some serious market manipulation, it can't be avoided. Some big but yet weak hands have left the coin. I was expecting it a bit but not by such a margin.
DRK is far from being dead, but we will see if and just how much it will recover.

8 - profit

Pro-Tip :

1 - Buy BTC during dump

2 - Buy Nxt + XMR during dump

3 - Sell Nxt & XMR during pump

4 - Repeat 1 & 2

5 - Cash out.

6 - Buy a dildo.

7 - ??

Monero isn't a clone of Bitcoin, so I guess that puts it in the same boat, wouldn't you agree?

I'm pretty sure he's just trolling... Nobody can be that stupid.

kid lol? don't shoot sentence without knowing shit plz, and yes it make sense, you can't compare bitcoin to all those garbabe that are dumped for bitcoin

Ok sir, by your definition you'd have to propose that Bitcoin, and every other cryptocurrency is also dead. Bitcoin had a 50% drop swiftly after it's rise in November.

Makes no sense, but ok. There can be No exceptions, stop trying to make up excuses kid.

well no bitcoin is an exception to this, because it is not a clone

You seem incapable of understanding things...

You can't say XMR is dead, especially when the coin We both hold the most(darkcoin) has dropped over 1,000% from it's ATH, and over 50% in the last few days alone and XMR is the only anon without a premine and has a fair distribution, and one of the few coins overall that has a fair distribution.... Not to mention your entire view on the subject makes no sense, since the cryptocurrency sector isnt known by mainstream society.