Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
by
stonehedge
on 13/01/2015, 12:51:32 UTC
I simply remarked that I was surprised that DRK was retaining value against the BTC (irrespective of the $ value of the BTC) and that this is painful to watch.

I don't think that is delusional.  I haven't seen anybody else post anything delusional either.  Stating that BTC/DRK is steady is not delusional.

Obviously I'm missing something here.

If BTC goes down (compared to the $) and DRK goes down (compared to the $), then the DRK/BTC rate will remain the same. It would never go up significantly (or down significantly), because that would fuck up the dollar comparison and people could make a ton of money buying and selling at will.

So really the whole BTC/DRK comparison is pretty meaningless. What really matters in today's World is BTC/USD and DRK/USD. Both of which are falling dramatically


Re read my posts and you will see that you are missing that at no point did I say that DRK/BTC parity is a good thing or a bad thing.  I remarked that I was surprised that it was steady but it is painful to watch the decline in BTC value.  I didn't even really express a positive or negative opinion other than hinting by saying it is painful to watch.  

I would however counter your argument about BTC/DRK being meaningless on the basis that there isn't really a thriving DRK/USD market so the BTC/DRK pair is about as meaningful as it can get!