Re: [ANN][DRK] DarkCoin | First Anonymous Coin (DarkSend) | No Premine | Runs 30% cooler than scryp
DRK has two big issues that I see:
(1) Because the power draw is only 60% of scrypt, large GPU farms that mine altcoins and dump them for BTC/fiat have an incentive to target DRK. More profit even at price parity due to lower electricity costs. This will keep market supply high perpetually and hence keep the price low.
(2) The legions of unremarkable clone-coins will implement DarkSend once it's open-sourced. See how zero-talent "devs" are copy-pasting Vertcoin's anti-ASIC adaptive N algorithm.
For both (1) and (2) the solution is greater adoption. In the case of (1) it reduces these quasi-commercial dumpers to a smaller proportion of the market. In the case of (2), it allows DRK to achieve escape velocity and get to a point where a competing clone coin can't catch up due to lacking the network effect.
So I see "marketing" as crucial, even in the short-term. In any case, DarkSend should probably be kept closed-source before hitting at least Bter and BTC38 (not that I'm in any position to advise devs). Call it an extended mandatory beta or something.
(1) Because the power draw is only 60% of scrypt, large GPU farms that mine altcoins and dump them for BTC/fiat have an incentive to target DRK. More profit even at price parity due to lower electricity costs. This will keep market supply high perpetually and hence keep the price low.
(2) The legions of unremarkable clone-coins will implement DarkSend once it's open-sourced. See how zero-talent "devs" are copy-pasting Vertcoin's anti-ASIC adaptive N algorithm.
For both (1) and (2) the solution is greater adoption. In the case of (1) it reduces these quasi-commercial dumpers to a smaller proportion of the market. In the case of (2), it allows DRK to achieve escape velocity and get to a point where a competing clone coin can't catch up due to lacking the network effect.
So I see "marketing" as crucial, even in the short-term. In any case, DarkSend should probably be kept closed-source before hitting at least Bter and BTC38 (not that I'm in any position to advise devs). Call it an extended mandatory beta or something.
(1) 'Gravity Well' to an extent.
(2) Being first to the market always has an advantage just like bitcoin. Especially if the DRK dev team is leading the development of P2P Darksend.
Point #1, the one good thing is that the coins get spread around. This can help the coin gain traction with a larger user base, which is the most important thing. If only 500 of us have the coin, where are we going to spend it? This is the one real thing Dogecoin has going for it.
I don't think it's going to be much longer before we're out of this first beta, or a beta that is released as the main wallet, but I know there is more that eduffield wants to do with the coin. It's getting to be time that we spread the word. Darksend is working very well, the only kink is it isn't idiot proof to set up (but it's not losing any coin in the setup etc..., just sometimes has hick-ups and the send doesn't go through) So I suggest we get ready
