Offcourse some pumping going down atm
Topic: Why does DRK keep rising in value? (Read 1511 times)
Very easy to answer, more and more darkmarkets are accepting Dark, just like the early days in Bitcoin this provides the main userbase, people wanting to do shady business with anonymous currencies. Since the realization came in that Bitcoin in fact is far from anonymous (blockchain is forever) people are starting to discover darkcoin. Especially for darkmarkets it's very usefull
Offcourse some pumping going down atm
Offcourse some pumping going down atm
I presumed it was all bots buying off each other luring novices to dump on.
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Things with DRK are really simple. Large investors are involved with trading. There are many significant investors behind it, it's highly possible that masternode owners are also creating some demand helping the price have some resistance to downward movements.
People familiar with TA would tell you that they have been able to tell what's really going on just by noticing its trade patterns. Trade patterns that apparently repeat themselves over and over. That's what happens with DRK. One could say that it's a bit fishy too.
People familiar with TA would tell you that they have been able to tell what's really going on just by noticing its trade patterns. Trade patterns that apparently repeat themselves over and over. That's what happens with DRK. One could say that it's a bit fishy too.
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Dash crashed the 0.02 barrier .. and boldly dashes forward where few coins have dared to go before.
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
Doesn't mean much. DRK is still far from reaching a new ATH and when it had its ATH bitcoins were valued at over twice as much USD as they are now. If DRK/Dash wants to be a contender to BTC then its value shouldn't be referred to in BTC. I think DRK is just a nice toy to have with fewer isses than BTC, but it's far from perfect and definitely not enough to emerge from the shadow of BTC.
is it far from perfect ? you are right, no doubt about it. But i'm also very confident after witnessing the dev team hard at work pushing out updates and new technologies that issues will be dealt with, progress will continue and development will go on. And with each update it gets stronger and stronger untill one day it will grow so strong it will emerge from BTC's shadow .. that at least is my hope.
You are also right about us far from reaching a new ATH dollars wise, its more a psychological victory i guess but it still feels goodddd
What is special about it?
The paranoid, cultish fervor of the Darkheads and their eagerness to shun disbelievers?
you said what? 
Rux, why are you blanking xxxgoodgirls ?
I think you've mis-identified.
P.S. Message for you from xxxgoodgirls...
lol someone tell please the guy I am a DASH supporter, he can't even read due to FUD paranoia
What is special about it?
The flagrant disregard of Arizona's laws against HYIP and pyramid schemes?
http://www.azleg.state.az.us/FormatDocument.asp?inDoc=/ars/44/01731.htm&Title=44&DocType=ARS
Your incoherent point is negated by the fact that all the evidence shows that the masternode framework provides many valuable services to the DRK value transfer system.
Are you suggesting that its illegal to reward node operators for providing these services?
you do realise it costs money to host a masternode so a incentive is required and justifiable?
What is special about it?
The 2 million coins instamined on the first day by the dev and his puppet masters?
That has been put to rest for over a year(which is a long time in this space!) already.
Nothing has been put to a rest, and never will.
Maybe if you are coming at it from teh perspective of a butthurting naysayer!
For all more rational people this was just a wrinkle way back in the day ,same as with Litecoin which still has far worse distribution than DRK.
What is special about it?
The flagrant disregard of Arizona's laws against HYIP and pyramid schemes?
http://www.azleg.state.az.us/FormatDocument.asp?inDoc=/ars/44/01731.htm&Title=44&DocType=ARS
What is special about it?
The 2 million coins instamined on the first day by the dev and his puppet masters?
That has been put to rest for over a year(which is a long time in this space!) already.
As has been pointed out ad infinitum Bitcoin and Litecoin had the same issue initially as well.
anyhow you were recently outed as Edward from hashfast?!
surely a better use of your time would be giving back the BTC you stole from the many Hashfast victims.
Dash crashed the 0.02 barrier .. and boldly dashes forward where few coins have dared to go before.
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
Doesn't mean much. DRK is still far from reaching a new ATH and when it had its ATH bitcoins were valued at over twice as much USD as they are now. If DRK/Dash wants to be a contender to BTC then its value shouldn't be referred to in BTC. I think DRK is just a nice toy to have with fewer isses than BTC, but it's far from perfect and definitely not enough to emerge from the shadow of BTC.
What is special about it?
It's two-tiered structure makes it especially prone to Sybil attacks?
If there was any chance of that it would have been done already!
Look up the independent code and security review that DRK was subjected to last year, was very interesting and the few small issues the reviewer found were fixed and improved upon within days.
What is special about it?
The 2 million coins instamined on the first day by the dev and his puppet masters?
What is special about it?
It's two-tiered structure makes it especially prone to Sybil attacks?
Dash crashed the 0.02 barrier .. and boldly dashes forward where few coins have dared to go before.
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
What is special about it?
Pyramid schemes always appear to do well, until they don't.
When the music stops, they all end in tears.
Because the masternodes cost 1000 dash each, locking up the supply and taking them off the market.
Thus artificially inflating the price. Its all a pyramid scheme
Dark shill advertising comments to follow
Thus artificially inflating the price. Its all a pyramid scheme
Dark shill advertising comments to follow
That is just nonsense a pyramid scheme gets its name from the tell tale reliance on participants needing to recruit an ever increasing steam of new investors in order to make profit, the masternode network rewards node owners for providing multiple forms of service to the network.
Its not even vaguely like a pyramid or ponzi scheme!
Look at the volume DRK/DASH is getting that is smart money flowiing in due to genuine inovation,something that is in short supply these days.....
There are a couple of things happening right now that perhaps together causes this price increase :
- Darkcoin successfully established a 2-tier network which consists of POW rewards and POS (proof of service) rewards through their masternode network
The services that run on this 2-tier network right now are Darksend mixing (to anonymize the transactions on its network in a decentralized way)
and InstantX (which makes transactions within 4 to 6 seconds, effectively achieving creditcard confirmation speed). There are other services that in time and after carefull investigation will also take advantage of this 2-tier network (think about 2 factor authentication on blocklevel for example)
When Darkcoin just started a year ago it was very focussed on developing and testing Darksend and later on InstantX, however now that both Darksend and
InstantX are running on Darkcoin's Mainnet without problems and also have been opensourced the market seems to have re-evaluated the price and corrected it accordingly (so yes it had an price impact)
- Darkcoin's Masternode network does not only provide decentralised anonymization and InstantX transactions, it also rewards users who setup up these
Masternodes (currently 2389 masternodes over 34 countries). Masternode owners get currently 40% of POW mined blocks, this reward is scheduled per
month to increase untill it reaches 60% in april 2016. This provides a strong incentative to buy and hold Darkcoins.
- Darkcoin is in the middle of a name-rebranding phase, it will be renamed per 25-march-2015 to DASH, in an effort to more effectively achieve adaption and in the
end mainstraim adaption. This is a big move for Darkcoin and although the market responded negatively after the first day we can now witness a growing
acceptance and adaption towards this new name.
- Latest info from lead-developer Evan Duffield from Darkcoin also shows some promise with regards to Darkcoin's scalability : https://darkcointalk.org/threads/rebranding-and-scalability.4254/
- and finally Evan Duffield also appeared on ''Lets talk Bitcoin #196 : Distortions towards Privacy'' : https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-196-distortions-towards-privacy-or-many-hands-makes-light-work
All those things together, coupled with a very very bullish sentiment in the market right now is creating this price increase in my eyes.
qwizzie
- Darkcoin successfully established a 2-tier network which consists of POW rewards and POS (proof of service) rewards through their masternode network
The services that run on this 2-tier network right now are Darksend mixing (to anonymize the transactions on its network in a decentralized way)
and InstantX (which makes transactions within 4 to 6 seconds, effectively achieving creditcard confirmation speed). There are other services that in time and after carefull investigation will also take advantage of this 2-tier network (think about 2 factor authentication on blocklevel for example)
When Darkcoin just started a year ago it was very focussed on developing and testing Darksend and later on InstantX, however now that both Darksend and
InstantX are running on Darkcoin's Mainnet without problems and also have been opensourced the market seems to have re-evaluated the price and corrected it accordingly (so yes it had an price impact)
- Darkcoin's Masternode network does not only provide decentralised anonymization and InstantX transactions, it also rewards users who setup up these
Masternodes (currently 2389 masternodes over 34 countries). Masternode owners get currently 40% of POW mined blocks, this reward is scheduled per
month to increase untill it reaches 60% in april 2016. This provides a strong incentative to buy and hold Darkcoins.
- Darkcoin is in the middle of a name-rebranding phase, it will be renamed per 25-march-2015 to DASH, in an effort to more effectively achieve adaption and in the
end mainstraim adaption. This is a big move for Darkcoin and although the market responded negatively after the first day we can now witness a growing
acceptance and adaption towards this new name.
- Latest info from lead-developer Evan Duffield from Darkcoin also shows some promise with regards to Darkcoin's scalability : https://darkcointalk.org/threads/rebranding-and-scalability.4254/
Quote
When we started we saw a few issues that Bitcoin has and have attempted to solve them. One of the main issues we were trying to fix was fungibility. Fungibility is defined as the property of a good or a commodity whose individual units are capable of mutual substitution. That is, it is the property of essences or goods which are "capable of being substituted in place of one another."
Bitcoin isn’t perfectly fungible. This means that over long periods of time, Bitcoin will lose it’s fungibility due to coins being tainted by their use. Coins in the Bitcoin system carry their history around with them and that will make them “tainted” as compared to other coins.
While solving this problem, I eventually found we could create a secondary network within Darkcoin, this network would provide services to keep all of the coins fungible and at the same time could offer other services as well. Services such as protocol 2 factor authentication, instant transactions and now scalability.
Personally I believe the 1-tier approach used by Bitcoin and other currencies isn’t as powerful as a 2-tier approach. I also believe the no one besides a few people have even yet to understand what a 2-tier cryptographic currency is capable of.
The Bitcoin developers and community are talking about expanding the maximum blockchain size to 20MB. Currently the Bitcoin network can handle 7 transactions per second. This will allow their currency to 140 transactions per second, but will also result in up to 1TB per year in blockchain storage (until they successfully implement pruning).
Eventually Gavin Andresen sees blocks getting to 100MB+, with tens of thousands of transactions per block. See http://gavintech.blogspot.com/2015/01/twenty-megabytes-testing-results.html and https://docs.google.com/spreadsheets/d/1CuOEM9uwO5w-RwWGCCZpVGVFwhHHHegxJZqTP5KyapI/edit#gid=0.
After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.
Specifications of this strategy:
•The blockchain will automatically become much more anonymous than Bitcoin is.
•Fees per transaction will be very, very low. Let the micro-payment revolution begin.
•Zero-centralization
•Scalable to billions of transactions per day
•Requires a 2-tier network
•Very low blockchain bloat
I make no promises about this idea working though, I’m very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exploratory coding to prove it works.
Bitcoin isn’t perfectly fungible. This means that over long periods of time, Bitcoin will lose it’s fungibility due to coins being tainted by their use. Coins in the Bitcoin system carry their history around with them and that will make them “tainted” as compared to other coins.
While solving this problem, I eventually found we could create a secondary network within Darkcoin, this network would provide services to keep all of the coins fungible and at the same time could offer other services as well. Services such as protocol 2 factor authentication, instant transactions and now scalability.
Personally I believe the 1-tier approach used by Bitcoin and other currencies isn’t as powerful as a 2-tier approach. I also believe the no one besides a few people have even yet to understand what a 2-tier cryptographic currency is capable of.
The Bitcoin developers and community are talking about expanding the maximum blockchain size to 20MB. Currently the Bitcoin network can handle 7 transactions per second. This will allow their currency to 140 transactions per second, but will also result in up to 1TB per year in blockchain storage (until they successfully implement pruning).
Eventually Gavin Andresen sees blocks getting to 100MB+, with tens of thousands of transactions per block. See http://gavintech.blogspot.com/2015/01/twenty-megabytes-testing-results.html and https://docs.google.com/spreadsheets/d/1CuOEM9uwO5w-RwWGCCZpVGVFwhHHHegxJZqTP5KyapI/edit#gid=0.
After giving it some thought, I came up with a scalable architecture that supports billions of transactions per day.
Specifications of this strategy:
•The blockchain will automatically become much more anonymous than Bitcoin is.
•Fees per transaction will be very, very low. Let the micro-payment revolution begin.
•Zero-centralization
•Scalable to billions of transactions per day
•Requires a 2-tier network
•Very low blockchain bloat
I make no promises about this idea working though, I’m very early in the research stages, but it does look quite promising. If it works, it means we have solved the ultimate problem with Bitcoin and have made this technology accessible to the whole world. This strategy is just too good to let sit for very long and I need to do some exploratory coding to prove it works.
- and finally Evan Duffield also appeared on ''Lets talk Bitcoin #196 : Distortions towards Privacy'' : https://letstalkbitcoin.com/blog/post/lets-talk-bitcoin-196-distortions-towards-privacy-or-many-hands-makes-light-work
All those things together, coupled with a very very bullish sentiment in the market right now is creating this price increase in my eyes.
qwizzie
Because the masternodes cost 1000 dash each, locking up the supply and taking them off the market.
Thus artificially inflating the price. Its all a pyramid scheme
Dark shill advertising comments to follow
Thus artificially inflating the price. Its all a pyramid scheme
Dark shill advertising comments to follow
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