Quote from: Peter R on May 23, 2014, 05:51:30 AM

Quote from: poornamelessme on May 23, 2014, 05:12:34 AM

Quote from: Vann on May 23, 2014, 04:47:28 AM

Yes, right now it's all buyers and few sellers putting pressure on the price. I'm sure much of the current hoarding revolves around the 10% payout for Masternodes. Once that accumulation levels off it will bring the sellers back in and you should see some consolidation. If a shitcoin alt clone like AuroraCoin with zero innovation, a 50% premine and roughly the same coin total as DarkCoin could reach $90 earlier this year, it's certainly possible for DarkCoin to reach it and have a much better chance of staying there IMO.

It's difficult to say where Drk eventually will end up. It could get some anonymous coin/wallet competition, level off around $10-$40ish, or go completely crazy. It's the sort of coin that could get to $300+ one day without a person sounding completely insane for saying so.

So it's a risky coin to sell, unless you really need the money right now. I expect plenty of btc people sold off when the coin hit $10-15 or so, and felt it'd never go any higher.

I just know that unless the price goes really crazy, I'll never feel comfortable selling. I'd like to sell high and buy back in low, but beats me as to when we hit those marks. I should probably spend this weekend looking at how to set up a masternode.... my coins are wasted just sitting there otherwise. Less temptation to sell them too if they are working for me.

My god people. Darkcoin is closed-source:

This means you don't really know anything. The mining could be completely gamed by insiders. How would you actually know? The wallet could install key-loggers or bitcoin-wallet stealers. How would you actually know?

Have you read the white paper? What is your impression of the expertise of the authors? Has this paper been peer reviewed by experts in the field? What did they say? Do you find this odd:

Quote from: eduffield on March 18, 2014, 05:31:46 PM

Apparently we needed a white paper to be a legit crypto-currency, so here it is:

http://www.darkcoin.io/downloads/DarkcoinWhitepaper.pdf

Let me know if you see anything that could be improved, clearer, typos, etc.

Have you checked out the Darkcoin website? What is your impression of all the "coming soon" details?

Does anyone actually know exactly what the X11 mining algorithm is? All I've found are vague statments like this one from the white paper:

   "Darkcoin uses a new chained hashing algorithm approach, with many new scientific hashing algorithms for the proofofwork. X11 consists of blake, bmw, groestl, jh, keccak, skein, luffa, cubehash, shavite, simd, and echo."

This is the description of inflation schedule from white paper:

   "DarkCoin replaces abrupt reward halving with a reward curve, 2222222/(((Difficulty+2600)/9)^2). The maximum and minimum amounts are set to 25 and five respectively."

Do you think this will be dynamically stable? Do you understand what this means? How many coins do you think will get produced? Does this formula jive with the statment from here that the coin supply is "Est. ~22M Max Coins"?

How do you think the filtering of difficuly will affect the coin dynamics? Do you even understand what the following quote from the white paper means?

   "DarkGravityWave uses multiple exponential moving averages and a simple moving average to smoothly adjust the difficulty."

All of these questions and many many more coupled with the fact that everything is closed source lends a very bad smell to this coin. Coinmarket cap reports $5.7 million in exchange volume over the last 24 hours, something tells me a lot of this is the right hand selling to the left hand.

If you have questions about the coin, have you tried asking them in the announcement thread instead of posting FUD about something you obviously don't have the first clue about? A simple Google search for 'DarkCoin source' will lead you to the Github page

https://github.com/darkcoinproject/darkcoin

As mentioned, many alt coins already use a number of the innovations implemented first by Darkcoin such as the x11 algorithm and DarkWave retargetting. DarkSend is the only feature of DarkCoin that is currently closed source to prevent the rampant attempts of copy clones from simply copying their innovation while it's still in testing. If you have followed alt's at all for the past two months, you would know what occurred with BlackCoin after the notoriety it gained and the flood of amateur alt clones that followed in nothing more than an attempt to cash in.