Post
Topic
Board Announcements (Altcoins)
Re: [ANN][DRK] Darkcoin | First Anonymous Coin | Inventor of X11, DGW and Darksend | Instant TX
by
oblox
on 17/11/2014, 17:14:49 UTC
https://bitcointalk.org/index.php?topic=745352.msg9570414#msg9570414

https://bitcointalk.org/index.php?topic=745352.msg9570389#msg9570389

These SDC followers are so naive. I was gonna post something, but I did not want to start a fight. They said DRK wanted to buy out the SDC. And some people say SDC is best annon coin.

Anyone have the link for XC and SDC devs leaked discussion to steal InstantX se we can show them what was actually really going on?

No reason to start yet another troll war imo. SDC and CN coins have chosen different route than DRK, they rely on hiding the mixing in the blockchain encrypted, whereas DRK removes the mixing from the blockchain altogether. Because we don't know the future (possible math breakthroughs, quantum computers) we can't say with total confidence which approach is better. Both are very likely good enough for the foreseeable future. Some super smart people (like AnonyMint) claim that keeping the anonymity off the chain is the way to go though.

So what we have left that will make a coin stand out (or sit down), is adoption, usability (how well it actually works), PoW vs PoS aspects, other features (like instant transactions), investment opportunities (like masternode rewards and other potential services running on top of them) and lots of other things. One good thing DRK has going for it is that it has had its pumps and dumps and distributions, and is quite mature already. Monero for example is generating so many coins every day that the market can't simply absorb that amount, hence the downtrend. And the young (compared to DRK) PoS coins have the distribution that you would imagine them to have.

Eek, I just looked at SDC's distribution... out of 6,445,964 SDC, 6,130,331 is held by the top 72 addresses. I would assume address 1 is an exchange so excluding that, 83% is held by few. I'll pass.

I would assume the top three addresses are Bittrex, Polo and Cryptsy and that would mean that the distribution is spread to much more than 72 different addresses. Look at the tech being developed at Shadow: Zk, mobile apps, lite wallet, html interface, sdk, decentralized marketplace.. Can you blame anyone for buying up as much as they can? I personally don't see it as a negative. If you're able to see the value in the project's development, then there's nothing negative about picking up a large stake in a promising privacy project. Darkcoin devs saw the value and wanted to pick up the entire stake Cheesy

If anything it gives the project stability when privacy advocates are supporting the project vs pump and dump groups. Shadow, like DRK, is a long term project that shares similar privacy goals and is just getting started.

The difference is that all generation for future coins happens from a select few vs DRK's POW miners. DRK is no savior with it's issues with the instamine, but it also had about 2 months of stagnant price action as those coins continued to be distributed. The distribution is no where near ideal in SDC for it to be a viable candidate for mass-adoption even with all the developments. Distribution could change over time (no argument there) but you will not see me throwing a penny at it with the overwhelming majority held by few and nearly all future coins being generated by the same few.