Topic: ❢❢❢ The value proposition of each coin: BTC, DOGE, LTC, DRK, PPC, XRP, NXT, etc. (Read 11267 times)

De nial is a river in ancient Egypt

So is NXT (well a bit more but not a coin neither). NXT is the TCP/IP of what is done with it: assets (NXT altcoins, quite simply, although some like NXTP and MMNXT give dividends), subcoins (monetary system, sort of RAD for new coins) and other features. NXT is compost for something on top of it.

Has your developer turned up yet?  I thought he went missing for four days during the middle of testing.

^^ ^^
SPR will be huge.

The creator of SPR noticed a few holes in DRK and created a new coin. It's called Spreadcoin. It will not be long before InstantX and a masternodes program hit the mainnet. I would look into it and consider buying in now before everything hits mainnet.

Sure it does, what you're talking about?

If what you said was true, then it would mean that by inspecting the blockchain you could prove that the money you sent later after anonymization was the same money you received earlier. Which you can't. So again, what are you talking about?

DRK doesn't remove the links, it just covers them up with more 'noise' links.  That's the definition of obfuscation.

Guys stop going offtopic. Create a new thread if you want to discuss XMR vs DRK.

What do you mean when referring to "obfuscation" exactly in this context?

DRK removes the link between the money you receive and the money you send. If you call that obfuscation, then ok I guess.

You ignored and danced around my very direct and pertinent question:

How many times has Darkcoin ripped out its guts and replaced them with a New & Improved, This-Time-For-Sure version?

I never said Dark is "directionless."  That's the wrong word to put in my mouth.

Like the Tower of Babel, Dark clearly has a direction and goal in mind.  But it can't get there from here.  That's why Evan said he will someday use ring signatures!

It is hubris to think that a better (*cough* messier *cough*) obfuscation mousetrap will ever reach the cryptographic nirvana of Monero's ring signatures and stealth addresses.

You still don't get my point, so I'll make it simple:  Monero doesn't use obfuscating mixers, and Darkcoin does.

Best of luck with that "pre-emptive mixing" bollocks.  You'll need it!  Occam's Razor will not be mocked.   

You're the first person I've ever come across to characterise DRK's evolution as directionless. You're entitled to your opinion obviously, but I don't share it. During 2 years of being in and out of a gazillion coins (including Monero) Darkcoin probably has the most focused development effort I've been associated with. I think your just characterising it this way because it suits your agenda.


Yes, except it isn't more "complicated and convoluted". The mixing technology has actually become more generalised and consistent with each successive release. In particular, with pre-emptive mixing the network has adopted a universal approach that decouples it from needing to 'piggy back' the transaction. That's a huge advantage.


w.t.f. are you talking about ? Why would I be jealous when it's 5 times easier for a Dark holder to hedge themselves against Monero than the other way around ? For each unit of DRK's marketcap I can have 5 of Monero's for the same cost.

Regarding your last remark, if you really think it's such a great idea to have the obfuscation technology welded to transmission code, wait to see how that pans out when it comes to adoption. Your arguments might be entertaining but they're also clueless IMO.

fundamental analysis don't apply in crypto-currencies.  not until warren buffet invests in them..  then maybe.

How many times has Darkcoin ripped out its guts and replaced them with a New & Improved, This-Time-For-Sure version, when the existing tech proved to be trivial to de-obfuscate and therefore worthless?

Was it three or four times?  I lost count after the CoinJoin fiasco.  You do realize that the more complicated and convoluted the Dark network becomes, the more delicate it also is?

And where is DyslecticZombie?  He's been gone since one of his "upgraded" MadoffNodes ate a few thousand of his hapless investor's coins!  Those constant hard forks are such a bother.  Good thing we don't have them in Monero!

Don't be jealous that every Monero node can effortlessly accomplish what the entire silly MadoffNode mixing/shuffling/juggling/breakdancing network cannot!   Join us... 

As for the decentralized domain name feature (.bit) we expect wider adoption not before a useable light client is available. A server-independent 1-click-install solution for the full client wouldn't hurt either. (Developers and enthusiasts, any takers?)

However, Namecoin is already in use for decentralized id systems:

• NameID
• Bitmessage human-readable names (related to NameID)
• onename.io

Main development activity at this moment: transition to Namecoin Core, i.e. the reimplementation of Namecoin on top of the current Bitcoin Core codebase, see https://github.com/domob1812/namecore

What a lot of unadulterated garbage.

You people seem incapable of participating in any discussion at all without throwing your toys out of the pram over Darkcoin.

-It does not take a few hours to go though all coins
-Etehreum will be highly inflationary, but applications on it will have real value

the main reason its now got my support, prior i was a litecoin troll. finally devs that actually understand the 'currency' part of cryptos. equally shows their regard for maintaining the trustless system (but that'd be lost on most the alt 'innovation' to sell the latest pump n dump crowd).

XMR provides not only anonymity but unlinkability as well.  I've used it; it works great.  The CLI is old school, but now there's a web wallet at MyMonero.

Unlike XMR, Darkcoin is not intrinsically anonymous or unlinkable.  Darkcoin isn't intrinsically anything; it's just a brand name for a constantly mutating project with nothing under the hood but lofty goals and high hopes.

XMR uses ring signatures and stealth addresses in a brilliant cryptographically proven schema that secures privacy at the protocol level.

Darkcoin relies on features external to its dated Bitcoin/Peercoin-based protocol, such as Masternodes, in various attempts to build a privacy-producing Rube Goldberg machine, complete with shell games and other gimmicks.

XMR has never radically changed its privacy technology, and will probably never need to (especially once I2P, which provides for network-level privacy, is in integrated).

Darkcoin is locked in an eternal arms race with better blockchain analysis constantly threatening to unravel its secrets and reveal all previous transactions.

Every computer security expert knows 'security in obscurity' is a bad idea.  Apparently the Dark devs (and fanboys) didn't get that memo, as they continue to design ever more complicated mixers in a futile attempt to attain the level of perfect obfuscation XMR has enjoyed all along!

As a Darkcoin Core developer I want to take the chance and comment on some claims made in this thread. First of all I agree with everyone claiming there is no perfect solution yet. Dark wallet, Shared coin, Coin shuffle, Monero and, no, not even Darkcoin are perfect yet. Everyone claiming his solution is perfect, is simply trying to catch investors. But let me comment on some technical claims which I can prove wrong.

"Coinjoin is proved broken."
> Yes and no. The origininal idea of coinjoin was flawed in finding other people who want to send coins, to mix them just-in-time and broadcast them to the network. This is indeed broken, as it is very simple to simply match inputs, outputs and timestemps to track back transactions through the blockchain.

"Darkcoin is implementing a broken Coinjoin."
> No. This statement is reaching back to a time in the beginning of 2014 where Darkcoin was using just-in-time-coinjoin to create Darksend transactions. This system was poor implemented, hard to use (hardly found people to mix with) and - indeed - broken. But in may 2014 evan duffield introduced a totally new approach by implementing ahead-of-time mixing. You simply leave your wallet open and mix with other clients coins, you can do that 2 times, 4 times, 16 times, just mix your coins as much as you want. And as soon as you wish to send a transaction, your coins are already completely premixed and untracable. This is no magic and working with the darkcoin core reference client for more than half a year now.

"Darkcoin is closed source."
> No. Darkcoin was open sourced in september 2014.

"Masternodes are centralized point of failure."
> No. Masternodes are equal nodes in a p2p network with a special dedicated purpose. They are as decentralized as any other p2p application. Everyone is able to set up a masternode anywhere he likes. All you need is a 1000 DRK input to start the node, this is required to avoid the network getting attacked by massive amounts of vulnerable nodes. Currently there are around 2000 darkcoin masternodes running and securing the network, they are operated by alot of different users all over the world. Its a decentralized p2p network within the main darkcoin p2p network.

"Darkcoin does not provide anonymity."
> Yes and no. Darkcoin on its own is no stand-alone application for perfect privacy. Use it with caution, combine it with TOR, I2P, use OTR and PGP, and most important, stop using Windows. If you want true anonymity you will have to turn your live upside down. Darkcoin is a good contribution for transaction obfuscation and blockchain based privacy, but its not the proposed general problem solver. It's important to keep that in mind.


And now back to topic. Here are my comments on other coins.

LTC
> It's technically indeed a worthless clone. I personally dont see any point in why the world needs yet another coin. And I stopped believing in LTC after the devs said they dont need any new innovation. Sorry to see this big community going down the drain. Positive is that the huge team of developers and the old and big community contributed a lot of things which are also valuable for Bitcoin and the whole cryptocoin scene.

DOGE
> Was bringing cryptocoins to the masses. Using common memes and implemented as micropayment system it was indeed innovative, not technically, but in the scope of applications it was aiming at and developing for. The community of DOGE was awesome, and I think it will last some more time. But I cant predict how long. Technically, Dogecoin core is worthless, but keep in mind all the applications outside the core implementation built by the community again contributed alot to the cryptocoin scene.

PPC
> The only Proof-of-Stake coin that really lasted on the markets. It was technically ahead of its time and innovative. Not sure what the future will bring. Never heard anything new from that community after the primecoin launch (shows how innovative the PPC guys are!).

NMC
> I loved the coin from the beginning, but not sure if it will ever take off with it concept of a decentralized domain system. Its a great, innovative concept and by far ahead of its time again. I hope it will succeed in the long run.