Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW

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.

(1) Earn DRK by helping the network, make it more secure
(2) Reduce the currency in circulation
(3) Increase the value of a DRK
=> What you earn have more value.

You always keep your DRK you just "lock" them to run a masternode and you can cash out at anytime, but no more masternode and passive earning.

Good explanation. Eventually the market will find a number of master nodes AND a price for DRK which sets a value for the passive income achieved by owning a master node vs. the cost of owning at least 1000 DRK and maintaining the master node. This is essentially an interest rate that the market will sort out. It's highly likely that the barrier to entry (currently $12700 per node) and the number of master nodes (~80) will move higher before we get there.