Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | ASIC Resistant
by
Minotaur26
on 23/05/2014, 16:29:01 UTC
Why is it that darkcoin keeps rising?
 I'm happy, but it is making me nervous, and I have been selling the vast majority all the way up (not the smartest, but I cant complain as i'm up I think 2-3x what I put in so far, wish I spent more  Embarrassed.)  I really do not want to see a massive drop as I feel like it be the final blow to the altcoin market, so some insight to why it keeps skyrocketing, other than my original logic that x-11 is where all the gpu miners are going to go, would be helpful.      

As the coin's value increases, master node profits increase. As master node profits increase, more people want master nodes for passive income. Supply can't keep up with demand and the coin's value goes up.

So its a giant ponzi scheme where you keep investing to make more money?  I'm not trying to knock darkcoin at all, but I'm just not getting the end game.


No it is most definitely not a ponzi scheme, Darkcoin has real value to the end users as an anonymous currency. If you want to invest in the infrastructure of Darkcoin and help provide that service you get a reward. It is not proof of stake. Masternodes are actually a lot of work and represent a risk.  You can make money different ways, either by investing in a young project with potential so your investment appreciates over time, or provide a service to the network, put your capital at risk and receive a reward. Or create an economy around it sell dark to people in your country charge a commission, start accepting dark in your existing business or create a new one.