Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | DarkSend+ Is Live!
by
stealth923
on 20/08/2014, 00:55:19 UTC
Its fucking genius

It's not fucking genius. It's potential f*cking suicide if not thought through in great detail.

Money and utility are two mutually exclusive services. You can't just stumble into a policy like this without addressing that fundamental dichotomy and work out exactly how your going to resolve it.

If demand for masternodes goes through the roof because of ROI then the coin may go out of circulation, or at least will derive all its value from a single revenue stream as opposed to a diverse micro economy. Then, along comes competition - not for the cryptocurrency but for the Dark TOR service and bang goes your revenue stream and along with it your entire cryptocurency.

On the other hand, the service aspect of the coin could act as a bootstrap mechanism in giving real value to the currency and propelling it into wider adoption and circulation....IF the fundamental dichotomy above (between monetary value and utility value) is recognised and highly controlled.

For my own part, I'm very clear. I'm investing in a currency, not an internet service provider of which there are thousands. Nor am I investing in a f*cking business.

The more utility value a currency has, the less monetary value it can have. Nothing can get round that fundamental fact and people need to have it in big neon lights in front of their noses before getting dollar signs in their eyes.

DarkTor is a service - you can chose to use it or you can chose not to. Darkcoin is STILL is a currency and still will be after DarkTor is running. You act like it can only be one or the other rather than they compliment each other. It will still be a currency because you can use it for transactions. The entire system is a closed loop and thats what you are missing.

As Tante said in previous post if the value goes up so much the price for DarkTor shifts back a few decimal places. If the demand goes through the roof then so does the price and so be it, its a free market it will sort itself out. SO yes it is fucking genius as no other coin has the capability or infrastructure ALREADY setup to support this model. We have over 600 masternodes and I see this growing very rapidly now.