Recently I taken a liking in Crypto investment, and so far returns appears to warrant me to keep going.
to disclose. I have the following:
50% LTC <- doing well in china.
20% Doge <- also doing well in china.
20% WDC <- incredible speed and development.
10% others <- Test stuff.
around 300k USD in total, not a lot.
Recently, I am looking to add some funds in, at first, I thought of Vertcoin, but after a bit of discussion, I realize Vertcoin offers nothing different then Doge, in fact, it is a slower version of it only. Asic protection is a nice perk, but I am convinced that it is not going to be effective. As such, I moved on to my next research, Darkcoin.
Now, this one seems interesting, I do think it has enough difference to have its own niche of survival.
can anyone here tell me more about it?
how does Darkcoin does it?
and will their innovation be vulnerable to any newer tools to unveil them?
Let me know. and thanks.
One of many things that brought me in was that I'm finding myself wondering what eduffield (main developer) will come up with next. Not because I'm looking for more, but because it seems like every week the guy comes and does something fantastic.
From what I can tell, there is a team of developers but the main announcements come from his account . . very well controlled approach.
Next on the list . . the question comes up as to why people mine the coin in the first place . . even though there's still a slim but definite margin in mining profitability. The push for people to continue to mine the coin, even through the few cents less a day they could produce if mining a different coin shows a strong community of supporters.
Leading into how the price held almost horizontal for some time . . this makes me think that the mining community here is not bent on immediate sales to other currencies and isn't looking to take this directly to the bank in less than a day. Backing this up so far is that the price grew by 25% and I didn't see everyone dumping immediately.
Then there's the rest of what comes with the coin itself . . which is the first coin to offer the x11 chained algorithm, the first coin to offer the DGW difficulty retargeting mechanism, a new approach to a trustless anonymous transaction system still in active beta, and a full time transparent software developer with many years of experience.
I guess what I'm trying to say is that in just a few months . . there's a lot more than just a good potential already on the table.
This summary is pretty much why I decided about a month ago to ignore almost everything else and why I am focusing efforts to try and do what I can to support this project. No matter how good a project, it still needs volunteers to help it along and to gain momentum.
I've tried to immerse myself into the rationale for producing an anonymity bias coin and if it has defining characteristics that will take it into the top 10, or top 3 or if people will treat it as a gimmick or a pointless feature......while still keeping an open mind on zerocash, anoncoin and dark wallet, once educated into how public private data can get on the blockchain, the recent IRS announcement being an example, most people will get the point of these alt-coins and look at them as more investable than other alts. They have their own good story to tell, while still being functional payment tools.
The developers know that with the innovative features they have in the open, they can get a steady market cap that might push around the top 10 with a bit more marketing. DarkSend is the key feature at the moment that can take the project into the top 3.
There are some reservations about the branding in terms of medium term consumer adoption, but in the shot-term it is, on balance, probably more helpful than not. It's like the small bounce that silkroad gave to bitcoin bringing it extended free publicity where a debate was had about the anonymity side.
I've liquidated most other alts and some BTC into DRK. My reasonable size rig is mining DRK. I'm giving up my free time which clients pay a lot of money for.
I'm long on this one.