Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
by
toknormal
on 22/10/2014, 14:14:58 UTC
There's nothing wrong with the Darkcoin price.

It's the Marketcap and DRK / BTC ratio you want to worry about, not the dollar value - it's a meaningless metric (MM).

Darkcoin has compressed to around 1/5 of it's all time high, but it was only there for a few hours. Bitcoin sustained a couple of weeks above $1100 and then compressed ultimately to $275 - a factor of 4 to 5.

If you look at market cap,the rankings shelf off sharply right after DRK. The next classification (currently held by Monero) only has  a third to a half of DRK's market cap.

So the question is not what's the price doing, it's how to consolidate the position and in that regard the prevailing discussions about masternode vs mining revenue, status of pools, algo options are absolutely topical. This is just another crossroads to be negotiated on the long road to adoption and capitalisation.

It's imperative that good and sustainable solutions be found to all these things.

Look at NxT. Who'd have thought that it could have sustained a 6000 Sat valuation 10 months after it was pumped and dumped. I wouldn't have and I'm an investor. The reason it's managed it is because they've got a ton of stuff going on and their ecosystem is going. Similarly, ever technical or commercial hurdle that Darkcoin gets past is another hurdle for any competitor to add to their challenges.

Except it will be twice as hard for them because with DRK having blazed the trail, investors can then see how far they've got to go. We need to keep up the pressure on consolidating the integrity and performance of Darkcoin infrastructure while at the same time pushing on all open doors that come our way in the commercial realm.