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.
I agree, well said.
Personally, I don't think DarkSend should ever be open sourced. All it will result in are a ton of junk coins implementing it, and basically a ton of coins piggybacking on the dev's code here. Yes, if adoption was greater, then perhaps it'd make sense to open source. But to me, adoption means something like being able to be used for actual purchases somewhere.
So if DarkCoin turned into Bitcoin, sure, consider open source. But that sort of adoption would take years. Instead, if it was me, perhaps a verified 3rd party could look at the code for safety types of reasons every so often, rather than just release all of the code for free.
If the code is released, I expect the coin to drop in price ... a lot.