Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
by
camosoul
on 13/10/2014, 21:39:37 UTC
I think you're still missing the point... You're having an argument of your own.

If it costs me $7 to buy a $5 item, I'm not going to do it. DRK goes unused.

IF the ATM machine charges me a $2 fee to get out $20 dollars, I'm not using it.
What does some 3rd party's markup have to do with 'liquidity?'
The lack of liquidity is causing the markup at point of entry. Thus, choose not to enter.

If I kill my own market position becasue the liquidity is so low that I can't buy the DRKs to then spend on the goods/services I intend to buy with it...

This isn't about "to da moon" stop thinking about that. I'm talking about people actually using DRK to buy stuff. If they can't get the DRK without paying a premium due to lack of liquidity, they're not going to buy DRK. We've watched the charts several times. It seems like some hard buys show up, but then there's a huge gap and both sides stare at each other across the gap as the manipubots crap on it... It's already too tied up.
Ah, you're referring to the spread gap between buys and sells. That in time should narrow. BTC was the same way years ago. It happens in time.
My point is that, with liquidity so low, a person trying to buy DRK to then use in commerce, will create such a gap without filling the order. They have to keep bidding up and up just to get the DRKs. Then, they've spent more money than the item they're trying to buy is worth. Even the stupid get smart when they see their money disappearing. Just like how smart they get when they stare down the barrel of a 12ga.

Simple example: I wanna buy Widget. Widget costs $5 fiat. But, I would like to buy it with DRK. I try to buy DRK, but I can only get $2.50 of DRK at current price. Enter gap. I now have to pay $3.00 to get the rest of the DRK I need. I have now paid $5.50 to get my $5 item because liquidity is so low that I can't even buy DRK without fucking myself out of my own money. Thus, I don't use DRK.

We already have this problem.

Even less liquidity will solve the problem that was created by not enough liquidity?

That's like saying that if I shot myself in the foot, it would be all better if I shot myself in the foot 2 more times.

In the name of all Democrats: "The cause is not the solution." You can't make X stop happening by doing even more of what caused X in the first place.

Again, the Democrat Example: "We tried going batshit crazy off the deep end, and it didn't work. Ah! Because we haven't gone batshit crazy enough, and we haven't gone far enough off the deep end! If we do even more insane shit, then everything will work out!"