Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
I don't think a few people saying publicly that they're all going to buy some DRK on a certain day really constitutes 'market rigging.'
It's a gesture of support, not an attempt to hoodwink or swindle anyone.
It's a gesture of support, not an attempt to hoodwink or swindle anyone.
Okay, yes I understand what you're saying. Supporting DRK though suggesting everyone buy rather than sell is fine. But I think there are enough people on this thread openly suggesting "a bit of collusion isn't such a bad thing" to warrant raising greater awareness that this type of activity often backfires very badly and IMO should be discouraged.
We should have a day where everyone goes into Cryptsy/Bitfinex/etc and doubles their sell orders price. Would that even work? 
It's a pretty interesting thought experiment.
yes! there's nothing wrong with some voluntary collusion to raise the price, that's fair to do and I like the idea. how about announcing a "suggested price" of 0.02 BTC, or $5.70? that would put Darkcoin ahead of Dogecoin, where it belongs. and it might get us some useful attention. It's a pretty interesting thought experiment. value is whatever we decide it is, and DRK is obviously undervalued. those of us sellers who need the short-term $ and are regularly selling for below what we think our Darkcoins are worth should encourage each other to force the price up to a higher level, which will end up getting us paid more for our coins. how about it?
-onetime
You guys are talking about collusion, price rigging, and market manipulation. Besides that this a silly idea that will never work, it is probably illegal and will only end badly with innocent people losing money. Anyways, I think it was started as a joke and should have never been taken seriously.
DRK stands on its own merits in a free market. The end.
I disagree. it's not illegal or wrong to voluntarily collude. DRK owners can sell or not sell at whatever price they want, and if buyers want DRK, they must pay the price a seller is willing to sell at. it's supply and demand, the market is free and fair. imo, voluntary collusion is fair game.
-onetime
This community is highly regarded, and I promote that fact all the time. Don't ruin our reputation, just have patience. DRK will rise organically over time with more merchant and customer adoption...
Investors........ as well as every troll in Mordor that will have a field day.
ruin our reputation? because some people agree with each other (just take each other's advice) not to sell their Darkcoins at an undervalued price? that's ridiculous.
this strategy is fair game and won't tarnish Darkcoin's reputation at all. if it succeeds? great! if it fails? oh well, no change.
investors are anonymous buyers and sellers in a market, and they can base their decisions on whatever they want. intelligent people will make their valuations on Darkcoin's real value, which we know is great.
if you want to discourage collusion, you're trying to regulate this free market. who are you to prohibit communicating or advising people? imho, it's you who want to force (non-voluntarily) a certain price.
-onetime
We all want the price of DRK to rise but it must happen naturally and without any sort of manipulation from the community. Then new people can confidently invest in DRK without worrying that something's being organised that could result in P&Ds.