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Topic: Darkcoin will hit 3$ (at least) by the end of this week! (Read 2613 times)

full member
Activity: 167
Merit: 100
Yeah, this is like the perfect coin for the mafia and druglords. Buy now before Al Capone starts buying.
member
Activity: 99
Merit: 91
I bought Vertcoin for 0.4mBTC.  I bought Dark for 0.5mBTC.  I am still loving both investments, and I think there is room to grow.
hero member
Activity: 894
Merit: 1000
I am not getting involved in this hype so good luck everybody.

Hype?
Who is talking about a hype?
This is an innovating, multipoolproof coin.
I'm loving it!
legendary
Activity: 1512
Merit: 1124
Invest in your knowledge
I am not getting involved in this hype so good luck everybody.

Smart man, hope many of you learned from Maxcoin and Vertcoin hype.
legendary
Activity: 2114
Merit: 1090
=== NODE IS OK! ==
I am not getting involved in this hype so good luck everybody.
hero member
Activity: 868
Merit: 1000


I went and bought some darkcoin tonight. looks like a wiiner to me
full member
Activity: 434
Merit: 100
Thanks for the followup info. That explains the opensource reasoning.

And that may also explain why other coins didn't accept zerocoin's previous offer of sharing the tech for use in an existing coin. If I remember right, their initial goal wasn't to be a coin by itself, but to be incorporated into an already existing coin.

And yeah, Darkcoin does sound better.

I have also wondered if Fedora Tips could be considered a competitor, in regard to anonymous sending. But I then wondered if a coin has billions and billions out there and is used primarily for tiny, tiny tip transactions, why do you need to be anonymous to begin with? I don't think people sending 1/10th of a penny would really care if anyone knows who sent it.

I was wondering this myself.  How does darksend differ from the mixing service implemented by tips?  They are both anonymous transactions.
hero member
Activity: 1204
Merit: 509
Thanks for the followup info. That explains the opensource reasoning.

And that may also explain why other coins didn't accept zerocoin's previous offer of sharing the tech for use in an existing coin. If I remember right, their initial goal wasn't to be a coin by itself, but to be incorporated into an already existing coin.

And yeah, Darkcoin does sound better.

I have also wondered if Fedora Tips could be considered a competitor, in regard to anonymous sending. But I then wondered if a coin has billions and billions out there and is used primarily for tiny, tiny tip transactions, why do you need to be anonymous to begin with? I don't think people sending 1/10th of a penny would really care if anyone knows who sent it.
sr. member
Activity: 896
Merit: 272
Undeadbitcoiner Will not DIE until 1BTC=50K
Didn't mean to be harsh. One does get jaded by new coins that make astronomical gains in hours and days. Its obvious the pump&dump mentality is hard at work. I do hope Darkcoin stands the test of time.


But most Coins don't
Best of luck for dark
hero member
Activity: 854
Merit: 1000
I'm definitely holding some Darkcoin for the long term.
I have mined this coin a little bit and do like the fundamentals, but have a general question or two.

I may be wrong, but didn't the developers say they plan to opensource the 'darksend' tech? If so, wouldn't that seem counter-intuitive to making this coin unique?

How does Darkcoin differ from Zerocoin? Well, besides the obvious, that Zerocoin hasn't been released yet.
You can't have anonymous technology and it be closed source in this day and age.  People wouldn't trust it.

As for Darkcoin versus Zerocoin, the developer of Darkcoin recently commented on exactly that:

Quote from: eduffied
I’ve heard some chatter and misconceptions about the difference between Darkcoin vs Zerocoin, so here’s a write up about the pros and cons of each approach and what they do differently.

Darkcoin

First off, most people start by asking is DarkSend actually real and does it work? Yes! Checkout the development progress here: https://bitcointalksearch.org/topic/anndrk-darkcoin-darksend-anonymous-technology-pre-alpha-launch-467857

DarkSend is based off of Greg Maxwells original idea called Coinjoin, with some added improvements and decentralization. The decentralized approach is important because the logic is self contained in the client, which is managed by the users themselves. This is a trustless solution.

Darkcoin uses the base transaction layer to sign it’s transactions in much the same way that Bitcoin does. The mathematics are tried and true and have been used for years in computer security and banking.

Transactions will be grouped together and the same cost as sending transactions on the normal network. Both DarkSend and normal transactions will be available to choose from, but at some point we might default to DarkSend (and go Dark).

It’s also worth noting that this approach doesn’t bloat the blockchain at all either. Transactions are the same size as the would have been.

Zerocoin

The approach Zerocoin takes is to use some exotic mathematics to hide the identity with a zero-knowledge proof. This allows a higher quality of anonymity, but also could have some unforeseen hole that will be exploited later.

Checkout this link to see the mathematics I'm talking about: https://github.com/Zerocoin/libzerocoin/blob/master/AccumulatorProofOfKnowledge.cpp

Zerocoin's proof of work is in the 2kb range, which was reduced from 1024kb in Mathew Green’s original work. These proofs must be stored in the blockchain for each transaction that goes through the network for confirmation purposes and the ledger history, so this will cause a lot of bloat. There is also a need for these proofs to be processed by the networks nodes, being larger will cause more intense CPU usage with smaller transaction rates.

The spec for Zerocoin also requires a 100% premine. I believe mining is what gives cryptocurrency their base value, so this could be a problem for the currency in the long haul.

With the high CPU usage, how will the network deal with DDOS attacks? I could send bad proofs that must be processed. It’s much harder with the Bitcoin protocol because the math is pretty fast and you would be banned quickly.

Imagine if Zerocoin had to deal with 20 transactions a minute, that would be 58.98MB/day that will be added to the blockchain. After a year, that would add up to 21.5GB. Now god forbid you have to reindex this, you’ll have to process all of the proofs on your computer? That might take another year to complete.

---

I think the Darkcoin approach has the best mix of features, with the least risk and it’s decentralized. So we definitely have our place in the market.


References:

Coinjoin spec: https://bitcointalk.org/index.php?topic=279249.0;all
legendary
Activity: 1090
Merit: 1000
Didn't mean to be harsh. One does get jaded by new coins that make astronomical gains in hours and days. Its obvious the pump&dump mentality is hard at work. I do hope Darkcoin stands the test of time.

newbie
Activity: 19
Merit: 0
"Darkcoin will hit 3$ (at least) by the end of this week!"

Dropped by 20% lately.

You never know. Could be a few more good pumps&dumps left in it.

I admit I am new to cryptos, but I do find the pump and dump mindset a bit too prevalent here is general. I realize that almost all alt coins could be considered garbage, or their whole selling point is based on a logo or name of the coin ... but for coins with unique code, like Darkcoin, wouldn't it make more sense to simply hold it longterm? Not every single coin is garbage meant to be dumped.

+1
hero member
Activity: 1204
Merit: 509
"Darkcoin will hit 3$ (at least) by the end of this week!"

Dropped by 20% lately.

You never know. Could be a few more good pumps&dumps left in it.

I admit I am new to cryptos, but I do find the pump and dump mindset a bit too prevalent here in general. I realize that almost all alt coins could be considered garbage, or their whole selling point is based on a logo or name of the coin ... but for coins with unique code, like Darkcoin, wouldn't it make more sense to simply hold it longterm? Not every single coin is garbage meant to be dumped.
legendary
Activity: 1090
Merit: 1000
"Darkcoin will hit 3$ (at least) by the end of this week!"

Dropped by 20% lately.

You never know. Could be a few more good pumps&dumps left in it.
hero member
Activity: 1204
Merit: 509
I have mined this coin a little bit and do like the fundamentals, but have a general question or two.

I may be wrong, but didn't the developers say they plan to opensource the 'darksend' tech? If so, wouldn't that seem counter-intuitive to making this coin unique?

How does Darkcoin differ from Zerocoin? Well, besides the obvious, that Zerocoin hasn't been released yet.
full member
Activity: 192
Merit: 100
bitcoin-world.de - The european information source
have tried to mine this coin for a few days where the coin was not on the market with a amd x6 and found a block luckily, but didnt mine it longer than one 3 days but only one block, but now this is enough for 3 days cpu mining.
newbie
Activity: 19
Merit: 0
Just bought, I also read darksend is now working!
member
Activity: 91
Merit: 10
member
Activity: 110
Merit: 10
We bow in its aura
Where can one buy it right now? thanx
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