Topic: This message was too old and has been purged - page 15. (Read 26128 times)

As I said, I'm not interested in doing it, but if someone did it competently and without fraud then there wouldn't be a few million coins mined in a few days in complete disregard for the published schedule. Sure there might be other problems, but not that one.

Much as you might like, might try to draw false equivalences or declare something quite recent by cryptocurrency standards to be ancient history, you DRKers are never going get out from under it. Fruit of the poison tree.

Quite simply because he's one of the very few who have been able to create a roadmap and deliver on it.

Also he's been able to put up with unmitigated garbage like this post in quite a dignified manner and thankfully not get distracted by it.

Actually it is fairly easy if insiders stash away most or all of the coins and control how they are traded. You can more or less set the market cap of such a coin at anything you want. If I control 999999 out of a million coins and sell one for a dollar that does not make a meaningful market cap 1 million dollars, but it will be quoted that way. It may be hard to convince (arguably) impartial arbiters such as coinmarketcap to include your concentrated insider holdings as being part of the float. It does seem that DRK has pulled that off for now.

Most if not all of the market cap figures thrown around in the cryptocurrency space are misleading at best and blatantly deceptive at worse.

It's incredibly easy to pump a coin when you control the great majority of the total supply.

I don't know what you mean by established - as you can tell, my status is slightly above noob. I therefore do not know the ins and outs of bounties - for instance, if escrows are required etc. Though I'm assuming it may be difficult to find a mediator / third party thats not vested. If any of the die-hard bitcoiners are around (i.e., there's only 1 true coin), their volunteering would be appreciated. Darnit, where's my decentralized truth oracle blockchain when I need it?

I'm a man of science - and it looks like this is the crytpocurrencies equivalent of peer review.

But for those following, Evil-K has offered a 1 BTC counter-bounty.


I'm assuming the way this functions is 1 BTC will be distributed amongst those offering a bounty in the case that Evil-Knievel doesn't make a Darkcoin De-privatization Explorer.

May I also present that this explorer should work on the latest "patch" as well - whatever the DRK devs are referring to as masternode blinding.



Also, hopefully the XMR v DRK has died down - but if not, here's a thread
https://bitcointalk.org/index.php?topic=962235.240;topicseen

Please - this thread is about DRK's privacy technology - not alleged coin distribution problems.

If you launch a new coin and it becomes successful, then after a year you will again have people whining they weren't there at the launch or didn't get to buy 10k coins for 0.25 BTC. The more successful it is, the more whine there will be.

It was clearly not accepted by the entire community otherwise no one would still be criticizing it.

I can tell you with certainty that I'm part of the crytpcurrency community and my opinion is that anyone who likes the DRK technology and wants to see it thrive should just relaunch it clean. Those who don't favor that are putting their holdings (which likely benefited directly or indirectly from the instamine) ahead of the given the tech the best chance to succeed unencumbered by a foundation of incompetence and/or fraud.

Well your not going to achieve them if your idea of "business acumen" is scurrying around bitcointalk with your nose out of joint that the "wrong coin" has got the most attention and maligning widely respected devs as being clueless about cryptography.


Touche. You scored a point - unfortunately not the one made which is that most cryptocurrency technologies are based on some kind of established algorithms developed in academic research, Darkcoin included. Thats the easy bit. The hard bit is acquiring an $18m marketcap which takes more than having a few letters after your name and arriving at the stable after the horse has bolted. In case you hadn't noticed, the market is awash with sub-$3M cap cryptonote coins, all of them claiming technical supremacy - 14 at the last count no less. The entire coinmarketcap listing is also considerably more advanced technically than bitcoin but none of them ever made a dent in its valuation.


Although that's a charming gesture, it wasn't quite my idea of "practical value".

I was alluding to legacy technical compliance with the retail insfrastucture as well as well as maximising the inheritance of Bitcoin's monetary valuation by way of 100% faithful cloning. In a financial context, bitcoin is starting to work in an opposite direction to the alts - i.e. it's drawing its value from the fact that it is an original, is trusted and static - as opposed to the alts which gain value from being technically advanced.

Darkcoin adds 1 missing (or deficient) monetary property to Bitcoin - that of fungibility by way of pre-emptively mixing the coin supply while still in the wallet. It remains to be seen whether the market thinks that 3rd party mixers can fulfil that role but one thing is for sure - they will never be an institutionalised solution and my own view is that the markets are fluid enough for another crypto to adopt that role (not a replacement but complimentary).

Monero and other cryptonotes, on the other hand, are in a completely different market. They are a clean sheet technology with an entirely different basis for their valuation - at the moment it's almost purely a hedging one. The technology is interesting and may, as you say, mature in years to come to acquire its own market but one thing we can agree on - they are not bitcoin clones and will therefore not inherit any of bitcoin's valuation. They need to do their own "rights of passage phase" which is one of the things that does get you marketcap in the end.

So I don't grudge you your "advanced tech" but I don't think you're doing yourself any favours going around slamming other devs for being technically incompetent when they're clearly not and when there is a valid, clearly documented basis for the design priorities they've made that are not the same priorities that you are attributing to them.

It wasnt exactly as you put it and Evans explanation was accepted by the community. What would you do, just pack your bags and kill the coin or because the market has washed the coins over and over due to demand just let it be. Evans decision was the right one.

Also, nice segway to being some attention to ShadowShit - The reason why you can buy it for so cheap is most of the community put that as much as a failure as XC and the other anon shitcoins, dont waste your time. The market has spoken.

Yes, I know this ''market'' 
I was just trying to be as low as kazuki49

The so-called crypto "market" is a tiny number of a people, a huge amount of manipulation, and very illiquid markets. In all it means little until any of these coins start getting used by more than a few speculators and insiders. I'm not just talking about DRK, but DRK is certainly included.


Correct, I'd recommend moving on to another coin that doesn't have the baggage, and I do recommend that when people ask me.

I'm not a fan of the whole idea of masternodes, nor a fan of PoS coins, so the tech has nothing to interest me, but if I were, I would clone DRK and relaunch it clean the way we did with Monero.

Actually to be fair it never was really explained. It was written off as, "well I fucked up the emission schedule, I COULD'VE had a re-do mining phase, but it's okay because all the coins were sold off cheaply anyway".

Which is funny considering Shadowcash for instance gets crap for its uneven distribution yet anyone can buy themselves a big stake of the coin for just a few hundred bucks at 5 cents a coin compared to the going rate of as much as 50 cents to a dollar for Dark last spring when it didn't even have Darksend RC1 implemented yet!  How were these insane prices able to be asked for what was then a generic coin other than a few whales controlled all the supply, most likely benefitting from this uneven mining schedule?

Fluffypony came up with a chart and you compared drk beginning with two blocks of monero using ''instamine'' argument

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If there is a problem with reward formula it can't be fixed because you might get deeply concerned? The formula was changed, and people decided to download the client with the changed formula, thus the trust was not destroyed.

That's one attribute of Evan, he doesn't ponder and mull over things for ages he just goes and does and accomplishes things.

The launch was far from optimal, that much has been established after a year of talking about it. What has happened has happened, and what can be done is either to keep crying about it or to move on.

i'm hoping my bag of popcorn lasts long enough for evil-K's deanonymizer darkcoin explorer.

From my last count its up to a 2 BTC bounty.

https://bitcointalksearch.org/topic/m.10681892

https://bitcointalksearch.org/topic/m.10682106

summarized in this quote for archival purposes:

Because market said 'no' to your holdings? well sorry but in case you don't know, market=people

If you are addressing me, yes I was just answering illodin. I haven't worked through the transactional details above so I have no comment to make on the OP, but when it comes to claiming that two blocks happening within a few seconds means anything at all, that's just absurd, and insults the intelligence of anyone who understands the slightest thing about how mining works. Which btw I'm pretty sure includes illodin. Obvious trolling attempt, and a pretty lame one.

and the discussion quality goes lower and lower.

qwizzie



Any fool can criticize, condemn and complain - and most fools do.

Benjamin Franklin

Thats because Trolls and Monero fans have nothing but the instamine to grasp onto.....when all else fails go back to something the Dark dev has clearly explained over 6 months ago, the coin is now over 1 year old and in reality is not even so much as a small issue....

Just makes them look desperate and ignorant imo, especially when their coins are dying and their bags are feeling heavier as ever.

EDIT: Case in point read one post above by kazuki49 - XMR Brain dead Troll