Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
There's a whale gobbling up all us minnows
Only because you're selling to him. Doofus. 
But without the shelter (for which I'm heartily grateful) my losses could have been a whole lot worse.I didn't notice the drop because the page wasn't updating (although the sidebar was). Strange way of doing business. It probably helped push the price over the edge.
Well I don't see gratitude s a complaint. But have it your own way by all means. I agree that Dark has a lot going for it (or I wouldn't have been buying in), but it's a pity to see that potential undermined by an unresponsive exchange. Without a 300 BTC wall propping up the price, (as it still is) I might have lost a whole lot more of my investment.
I'm all for a legitimate risk, but I can't help feeling that trading was disrupted because of the cryptsy servers. You can't make an informed decision when the source of the information is constantly drying up.... and That was my 'complaint'. I made a dash for safety rather than spending a weary night clicking the refresh button like some demented refugee from Lost.
https://bitcoinwisdom.com/markets/cryptsy/drkbtc
https://bitcoinwisdom.com/markets/mintpal/drkbtc
Bookmarked under top priority. Thanks for the links. There's a 300 BTC buyer keeping the price at 0.01...but it can't be a coincidence that the active trading dried up when the cryptsy servers slowed down. And it can't be good for the coin to wind up like Doge lying in a bitcoin coffin (check the buyers on cryptsy). I just cashed out all the Doge I've mined since Christmas and I was converting them to Dark when it all went tits up. Thankfully (and thanks to the 'whale') I'm back in Bitcoin... and it's no fault of the Dark team. I just offer the experience as a matter of sharing information (and letting off steam). But as another poster said, there's no future in mining Dark. My 290s were yielding about 10% of the power costs, and the adapted sgminer was having nervous breakdowns. Proof of stake seems to me the way forward. It encourages a more productive infrastructure (although there's risks of overstuffed wallets hogging the scene).
But thanks again for the links. I'll be back with Dark when I've checked out mintpal.
Problem with proof of stake is that it gives the majority of people a way to earn money. Like you get money simply from having the coins in your wallet, while this may seem "cool" at the time, I think it's very impractical, why? Because that would be the only way you can earn more coins...besides buying them.
The point of mining is for the difficulty to get higher, thus making it harder to get coins, resulting in higher prices for the coins since the demand is high, but the supply is lowered.
Also, the increase in difficulty would push out some miners, resulting in smaller sets of miners. After a while, the difficulty will lower again once the total hashrate drops, which would in turn, bring back those same miners or new ones to begin mining again. That, in my opinion is much better than having the coins "delivered" to your wallet as in PoS.