Topic: rpietila Wall Observer - the Quality TA Thread ;) - page 187. (Read 907212 times)

1. There was ZERO premine. The argument is about the fairness of the distribution to the first miners who got a disproportionate amount of coins. Yet, precisely because of this factor, they sold them for pennies because they didn't value them, hence the distribution was one of the best among altcoins (until the heavy accumulation phase in April/May).
2. Darkcoin is opensource. Those who want to use DarkSend can opt for the binary. DarkSend source will be opensourced in a month or so, after being finalized (RC status).
3. It is innovative as it covers a need that is not covered by existing transparent coins.
4. You too don't understand it, but claim that you do.
5. The whitepaper is old, the spec has evolved.


It does not *really* have a track record because nobody actually used it en mass. It was like used by a few dozen people, unlike Bitcoin's blockchain which does have a track record.

Usability, scaling, basic functionality, interoperability - all have issues for mainstream adoption, and some stuff like scaling problems might render it DOA (dead on arrival). That's in addition to the fact that the dev team of MRO is not the team responsible for developing the back-end / core implementation and as such being less experienced to maintaining it.


LTC has a 300mn marketcap and sitting where it is because of branding itself as the silver to bitcoin's gold.

DRK covers a real world need that LTC (or BTC) cannot cover. It is superior to LTC technologically, safer, more private, scarcer by a ratio of 1:7, has 1/10th inflation (2880 coins per day vs 28.800) and pays its users who allocated 1000 DRKs for running a supernode, for providing the anonymity service (Proof of Service).

There is no single reason why LTC should be higher than DRK in the long run. It seems like a dinosaur in comparison.


Minimum block reward 5, so after a point it can't go lower. It's not proportional to the pump.

Unfortunately, there's too much misunderstanding regarding Darkcoin. Big investors have made their homework, apparently, but some people are quick to judge without knowing the facts.

http://wiki.darkcoin.eu
http://wiki.darkcoin.eu/wiki/FAQ

...for info.

You're going to need a "rpietila alt-coin observer thread" now  

As usual, I agree with all your points.  The majority of (and possible all) alt-coins serve no useful purpose.  They are dead coins walking.  The market will select the best payment network run from the most legitimate ledger.  Right now the best payment network is the Bitcoin Network and the most legitimate ledger is the Blockchain.  If, in the distant future, a superior payment technology is identified, the Blockchain Ledger will be forked or spun-off to this new technology.  There will never be a need to "panic trade" out of the bitcoin ledger and into some foo-coin ledger.  Value is stored in the Blockchain Ledger and not in the technology.

The fact that you mentioned Monero (MRO) is interesting.  The current narrative in the alt-coin community is "privacy," which was further reinforced by Darkcoin's recent moon shot.  But Darkcoin was illegitimately pre-mined insta-mined, has closed-source binaries, is not technologically innovative, and has a volatility-enhancing block reward equation¹.  Darkcoin will likely collapse, some will call it a scam, and others will say they shouldn't have invested in something they didn't understand.

But like Satoshi said, "we are pattern-seeking story-telling animals."  The privacy narrative will remain, and in an effort to avoid the pitfalls of Darkcoin, Monero may appear as the legitimate alternative.  Monero is an open-source clone of Bytecoin so the technology has a track record.  Unlike Bytecoin (which is now 80% mined), only 930,000 of the eventual 18.4 million coins have been mined, so the distribution appears more legitimate.  Experts such as Greg Maxwell consider the ring-signature approach "top notch," and it seems that more and more people keep talking about it.  And with this post now I am one of those people lol.

However, the fact that Monero has a fairly high inflation rate (which is needed for legitimacy unless the spin-off technique is employed) may preclude it from making a Blackcoin / Darkcoin-type moon shot.  

On a final note, I think people speculating in alt-coins should look at it more like short-term human psychology analysis rather than long-term investing.  I worry that a lot of the people in the Darkcoin, Blackcoin, XRP, Nxt, etc. threads over-estimate the long-term potential.  


¹The Darkcoin block reward decreases with increasing network hashrate and increases with decreasing network hashrate.  This tends to further limit new coin supply during rallies (adding to the pump), and increase new coin supply when miners have lost interest (adding to the dump).

some one linked to reptilia give info and what he thought of alt coins.. thought it included alts.. sorry

WTF dude, I came here for BITCOIN TA.
It is fucking spam. Cut this altcoin shit out.

im really sorry for posting this if you see it as spam..

nem has 3000 stake holders and very few sock puppets due to weeks of taint analysis. nem tokens are just about to be launched on nxt AE and highest bid at the moment is 18000 nxt or 1.3 btc per stake.. theres one buy order in for 40 stakes(1% of all coins) at 10,000 nxt each.. and its at that price before a white paper, alpha release, logo or client or marketing what so ever.. literally nothing released to prove its not a scam other then around 35 devs working on it, some thinking of quitting their jobs to work on nem, and many of which are long time btt users. its written from scratch and will use a newly coded algo (PoI or proof of importance(to the network) along side proof of stake)

at current valuation, its top 20 market cap with no white paper, no software released, no open alpha, no client other then screen shots, no logo and zero marketing. monero hasnt got a patch on nem.

Speaking of alts, any opinion on SlipperySlope's proposed hard fork?

https://bitcointalk.org/index.php?topic=584719.0;all

Hi Risto!

Great to hear that you invested your first BTC in altcoin and choose MRO.
I didn't own much altcoins until a few weeks ago. I discovered MRO and decided to invest. If I would sell my MRO now, it would be 25% of my crypto holdings. I am planning to use your SSS plan to cash out slowly in BTC to reduce the exposure to 10%

Why 10%?

I don't agree with your statement above. I really think BTC will stay as market leader. The governments will ultimatly see that they better just allow Bitcoin because of the "transparant nature". They will likely NOT want to suppress BTC because they KNOW that a more anonymous coin would be very popular in that situation.

I think privacy coins will be a niche market, and MRO could be the market leader in that market. The question is, how big will this market be. My estimation, for now, is 10%. So I will try to lower my exposure to 10% by slowly cashing out some MRO into BTC.


again, congratz with your investment!

Wow, this thread turned into an altcoin thread.

lol, Instamineing and then mining on low difficulty for half a year to gather coins and selling the instamind coins to yourself to keep the price down, then creating a huge fake volume to get everyone's attention to kick start the rally was a clever peace of work, no question about that one. 
10 accounts hold over 1 quarter of all coins and less than 1000 have 90% of all coins.

i'm oinvesting processing power.

Seems my computer can do 144H/s which seems to be quite a lot. Not sure how much profit that will bring daily, but it may be worth it. I'll decide after a week or so if i should continue mining them or not.

There is a reasoning fallacy in that altcoins are grouped together in terms of marketcap. This is not the stock market where you can buy the index (and all associated stocks). You pick the alt due to certain prospects that other alts do not have. Is it a clone / shitcoin / that offers nothing new or useful? => Discarded. Is it something that offers something and has potential? => You can consider it.

Altcoins, especially after the appearance of DOGE, have gone full retard in generating all kind of coins with no fundamentals (aka shitcoins). Those who offered something new/different etc made it to top25 of coinmarketcap.

dreamspark replying to both you and tupelo at the same time. :p

Apologies I should have made it clear rather than just quoting the post. I was referring to the user referring to investing 40%.

You're right. Are you implying that I have presumed it some way? 

Haha I wonder how much that is for you? :p

At first sight the uninformed would agree with you, QCN seems like the cheaper deal, better buy now to secure a bigger slice of the pie.

Except the market needs a clear leader, every clone will not match the leaders pie, and you're wealth may not come no matter how large your slice is.

MRO is the market leader, has active development and progressing at a fast pace.

Of course the QCN and others will want to advertise to investors that they will someday have the same upside, I am unsure about that.


Current market caps:

MRO ($3,000,000)
QCN ($250,000)

You invest $1,000:

You own 0.033% of MRO.
You own 0.4% of QCN.

If one day both QCN and MRO are worth $10,000,000 then you will have around about $40,000 in QCN or $3,000 in MRO.

Obviously QCN is the better choice. However if MRO replaces Darkcoin and QCN just becomes the Litecoin to MRO we'll have a different outcome:

Litecoin is worth 5% of Bitcoin.

So if Monero is worth $100,000,000 in this example QCN would be worth $5,000,000

Your amount of MRO is worth $33,000.

Your amount of QCN is worth $20,000.

Anyway, don't invest more than you can afford to lose!

**Also remember that the QCN calculation is super super optimal for them, because they are not releasing coin that slowly, eventually the supply will not be so small. So that scenario is my best case for long term QCN.

+1 a little more than that but why do you presume sane investors are diversifying 40% into a single alt. That makes no sense.

I am investing <<1%

I cannot see any sane investor seriously considering any of the current altcoins as anything different than a very risky gamble. Investing more than 40% of your funds into ALTS is only for ponzi masters, serious manipulators and the adrenaline junkies among the bitcoin geeks.

I second this, it is a clonecoin with no potential or development. Before it hit Poloniex it was worth 50x less.