Topic: 【Truth or FUD???】DarkCoin – The Next Big Thing, or Just Another Pump and Dump? - page 9. (Read 15524 times)

If they kept their coins (same with Bitcoin): Too many coins were sold as miners tend to sell and not keep. Let's just say there weren't many expecting Bitcoin to reach 1000$ when they were selling their BTCs for cents, neither were many expecting Darkcoin to reach 17$ when they were selling 100.000 DRKs for 2.5 BTC.

TLDR: There is no other coin on the market that is even in the same league as DRK - why even bother trying fudsters - all questions have been closed off and answered

https://www.bitfinex.com/pages/announcements

Dear customers,

We are pleased to announce that Darkcoin will be available to trade on the Bitfinex platform starting at 6PM CET. It is rare for us to add new trading products, but we believe that the advent of privacy-centric cryptocurrencies warrants our attention. Specifically, we believe that Darkcoin and the team behind it represent the most credible foray into this important frontier, and now that Darkcoin's market capitalization has reached non-trivial levels, we have decided to offer it as a trading option to our customers. As one might expect, will support trading in DRK/BTC, but, in addition, we will the first exchange to support trading in DRK/USD.

While we have no crystal balls at Bitfinex, we do nonetheless believe that the new features that Darkcoin aims to implement represents a substantial development in the cryptocurrency space, and we believe that any innovation that enhances privacy deserves our attention. Naturally, we do not condone the use of Darkcoin for illicit purposes, but we do believe in the right to privacy.

Initially, we will only offer cash exchange transactions. In time, as our order book deepens and Darkcoin successfully navigates certain milestones, we will also possibly allow swap leverage and shorting, should Darkcoin's risk profile and volatility merit it.

Darkcoins can't also be used as collateral for margin transactions.

We hope that you that you find these new trading products to be of value to you and we, of course, always welcome your feedback.

Best regards,
The Bitfinex team

First 15 hours, 1.75 million dark coin were mined.

Darkcoin is currently at 80,000 blocks, but there’s only 4.3m DRK out there. Five months later, the 1.75m generated during those first 4200 blocks still represents 40% of all DRK in existence.

 

Huge instamine and subsidy reduction

Since I’m writing about it, it should come as no surprise that this coin has an instamine associated with it. This one went unnoticed for quite some time, but by taking a quick look at blockchain data we can see what went on. During the first 15 hours, between block 1  http://chainz.cryptoid.info/drk/block.dws?000007d91d1254d60e2dd1ae580383070a4ddffa4c64c2eeb4a2f9ecc0414343.htm and block 4000 http://chainz.cryptoid.info/drk/block.dws?00000000fc0ee07e47609bae8d5fe5d774193c71d518c56dfe8faaf7d780a03f.htm   , approximately 1.75m darkcoins were generated.

Immediately after this period, Duffield claimed that there was a ‘bug’ in the block reward calculations, and issued a hardfork to address it. After this fork, the block reward quickly dwindled down to an insignificant amount. Right now, it sits at a pitiful 5 DRK. A farcry from the 500 that it used to be.

The result? Darkcoin is currently at 80,000 blocks, but there’s only 4.3m DRK out there. Five months later, the 1.75m generated during those first 4200 blocks still represents 40% of all DRK in existence.

Everywhere I get mixed reactions when I ask the same thing, some thinks its real some say it's scam but people who got in on it earlier, profited from it real well.

It doesn't explain why 250% of the coins are not held by Dev either

Premine = the dev creates a coin where a number of coins (from 0.0001% to 100% of the coins) goes straight to a certain address and is then used/distributed etc.

Instamine = fast mining (where many are mining). Example = PoW/PoS coins which the entire monetary based is instamined within a week. Now, just because something is mined fast doesn't mean the dev has 100% hashpower. Go to the Darkcoin thread and look at the miners and their WTS 10.000 DRK for 0.25 BTC.

so both Truth and FUD in this article?

It doesn't explain why 50% of the coins are not held by Dev.

/end thread - nice try fudsters haha

http://wiki.darkcoin.eu/wiki/FAQ#Is_Darkcoin_fully_and_100.25_anonymous.3F
http://wiki.darkcoin.eu/wiki/FAQ#What_can_I_expect_in_terms_of_traceability.3F
http://wiki.darkcoin.eu/wiki/FAQ#I.27m_a_little_paranoid_with_security._How_can_I_achieve_maximum_anonymity_and_security_with_Darkcoin.3F
http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F
http://wiki.darkcoin.eu/wiki/FAQ#Did_Darkcoin_have_a_fair_launch.3F
http://wiki.darkcoin.eu/wiki/FAQ#I_read_somone_who_wrote_that_50.25_of_the_coins_in_circulation_are_owned_by_the_devs
http://wiki.darkcoin.eu/wiki/FAQ#Why_is_Darkcoin_hated_so_much.3F_Why_so_much_FUD.3F_Why_all_this_disinfo_campaign.3F

The instamine is no secret, and is described & explained here: https://darkcointalk.org/threads/the-birth-of-darkcoin.162/
and here: http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F

Great explanation of DarkcoinScam, but too many people fell for it :/

Yes, very entertaining, especially for anyone who doesn't own any.  Let the drama unfold.

which one is FUD?

the huge Instamine or something else?

Very good article.