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Looks like our Chinese brothers are going to shake up the Scrypt mining world. Awesome!!!
"Scrypt mining world" has been raped and pillaged already. I doubt there is much left for Bitmain to do.
Good move.
Re: [ANN][DRK] DarkCoin | First Anonymous Coin | First X11 | First DGW | DarkSend+ Is Live!
I need some new piece of shit coin to mine so I can dump it for DRK - huummmmm
Any thoughts out there ? - lol
Any thoughts out there ? - lol
DRK at 0.0047 do you think this coin has any future? And with all the other threads giving the proofs of scams. This is just more coin killing the trust of investors in the alternates.
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update
cyptocurrency without any innovations is doomed to be dead,sooner or later.
This an absurd way of thinking. A good coin, must have a lot of support, be fair, and gives a lot of trust, and all the features must be fair and well design. This is not we have seen in 2014, e.g., a new X11 coins stating a great innovation, and when we look at the 'masternode' implementation, the only goal we have is stealing 20% of the POW operation. What a great innovation... The innovation word sadly hide a lot of scam operations.
You also only have to look as far as Vertcoin with its ASIC-resistant PoW algorithm and anonymous transactions, currently at 35th on Coinmarketcap, to realise that no, technology is not by any means the full picture.
In all fairness I believe what killed Vertcoin was the anon coins that also use GPU algorithms. Darkcoin & Monero are both mined by GPU's. Anon + decentralized > decentralized.
I don't think vertcoin is dead, anyway we had so many new coins lately. We had a massive dilution effect + massive scams operations pump and dumps and so on... Anyway the GPU mining is dead with these algorithms: X11 algorithm can be efficiently implemented using FPGAs, and scrypt, n-scrypt require ASICs...
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update
doge is actually already dogeshit now,only 5% of its peak value 
Bitcoin had huge depreciations in the past, and bitcoin is still there.
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.8 Required Update
cyptocurrency without any innovations is doomed to be dead,sooner or later.
This an absurd way of thinking. A good coin, must have a lot of support, be fair, and gives a lot of trust, and all the features must be fair and well design. This is not we have seen in 2014, e.g., a new X11 coins stating a great innovation, and when we look at the 'masternode' implementation, the only goal we have is stealing 20% of the POW operation. What a great innovation... The innovation word sadly hide a lot of scam operations.
Re: [ANN][DOGE] Dogecoin - very currency many coin - v1.7 Available
I won't be annoyed at all.
I'll just say 5.25 billion DOGE forever diluting your stash. I still don't get why any holders/anyone would want this.
beyond me
Well, it provides motivation for people to use their coins rather than hoard, and primarily invest in related businesses in the very long term. Short term adoption drives value, and given we have 100-200k users now, and there's a billion+ potential users, hopefully the scope for growth that way is clear.
Further, any lost coins and burnt coins also cut down that 5 billion figure.
It motivates people to do something... try to jump ship before the next guy! Why would you invest in a long term anything that prints endless tokens that you can't even physically use (a USD you can use for joint paper/fire starter/loose leaf/clothes ect ect) and are diluting your coins making them not "special". BTC has that special feel.
Listen... half of the stupid ass community is trying to burn DOGE and the other half is saying making more DOGE is good.
Cap the coin before the damage is TOTALLY undoable... which I think the damage has already been done, but might as well try.
bitcoin will inflate more this year than doge.. so quoting 5.25 billion as the reason not to invest is like saying, why invest in a coin with only 5% inflation when you could be investing in a coin with 15% inflation... also bitcoin still have to solve the incentive issue related to mining (ie much higher transaction fees, vs killing mining all together). they are using their current inflation to payoff miners but in about 5 years there will be a huge amount of mining hardware out there that is not worth the money to run anymore... but it just so happens that hardware is perfectly suited to double spend bitcoins... (this is why dogecoin is forking to auxpow now, and bitcoin will have to figure out their own fix soon).
Doge has a short halving (Bitcoin; 4 years); But this choice has not stopped the fall price, We have a lot of 2014 coins launched only for simple pump and dump, these operations have diluted the value of more mature alternates like BQC, later FRK, and lately DOGE. We need trust and stop these scams operations...
I hope, they will be back to life, but not so soon. We may have to wait to get mature alternate players that don't play the daily new coin 'scam' operations. Maybe we may have to wait for the multipool dump operations not possible anymore.
And to get a high level of trust; with all the scam operations out there, we may have to wait for years...
The good news is that the daily new coin operation seems no more profitable at all; We may expect some big farms to close...
And to get a high level of trust; with all the scam operations out there, we may have to wait for years...
The good news is that the daily new coin operation seems no more profitable at all; We may expect some big farms to close...
Re: [ANN] Extremecoin (EXC) - MANDATORY UPGRADE VERSION 1.5 (Kimoto Gravity Well)
When we see what happened this week; or the thread around Bittrex; a lot of people prefer short term operations than thinking of the consequences of what they are doing.
Good coins have to last. Extremecoin will be a year old next month. This is just the beginning.
Good coins have to last. Extremecoin will be a year old next month. This is just the beginning.
We must avoid this absurd strategy where a new coin is launched and so many people go there without thinking. We have here a reliable, fair, and mature coin, and we must increase his value.
Mature altcoins are never dead.
Indeed, we have so many new coins added with premined, or hidden blocks, for pump and dump... The Bittrex thread gives some insights about what happened...
Junkcoin have none of these issues, and is mature... The price is low today, but who knows the future?
Indeed, we have so many new coins added with premined, or hidden blocks, for pump and dump... The Bittrex thread gives some insights about what happened...
Junkcoin have none of these issues, and is mature... The price is low today, but who knows the future?
What exactly are mature alt coins? I only think 2 alt coins where successful for a long time and that was namecoin and litecoin. no other as lasting as long as them.
IXcoin is nearly 4 years old. Was launched right after NameCoin and unlike NameCoin, iXcoin has never died or forked and is just as secure as NameCoin.
Yet nobody knows about it. Very odd.
I hope that fair coins that are still out there and for a long time now; that are still operating, and still on the exchanges, will have a future.
The short term strategy that we see every week. A new coin is launched huge farms are already setup (they must already have the source code, and the pools code is ready), A pump and dump, and the the coin is dead, and the process is known as a a new scam coin. This strategy must have an end, they can't scam the same people every week; and now mining these coins don't worth the electricity...
Mature altcoins are never dead.
Indeed, we have so many new coins added with premined, or hidden blocks, for pump and dump... The Bittrex thread gives some insights about what happened...
Junkcoin have none of these issues, and is mature... The price is low today, but who knows the future?
Indeed, we have so many new coins added with premined, or hidden blocks, for pump and dump... The Bittrex thread gives some insights about what happened...
Junkcoin have none of these issues, and is mature... The price is low today, but who knows the future?
Cryptocurrency is a serious matter
funniest shit i read all day. thanks for the laugh.
'matter' - physical substance in general, as distinct from mind and spirit; (in physics) that which occupies space and possesses rest mass, especially as distinct from energy.
Obviously you have no idea what a MN is, nor how DRK tackles anonymity the right way.
We have so many scam operations out there; This week elitecoin was found to have a hidden block; we have premined on almost all new coins added every week...
We must be sure that a coin does the right thing. Real anonymity is a true enhancement, I've checked what was done with darkcoin; And the choices done, can't go anywhere. And when we read the official thread the 20% fee is the main, and only interest, for a lot of posts.
Anyway a good implementation can be done using a tor like network operation, and using a modified POS scheme to mix the coins.
The current implement ion is centralized, and the anonymity added is very low. We can say that this feature misses the official goal.
I was here in 2013... And I hate filling posts to say nothing... This is what you are doing all along.
Cryptocurrency is a serious matter, and the value is given by the POW or POS process properly implemented.
When the implementation aims an other goal, this is the case of darkcoin, describing it is not FUD, but reality... And anonymity word, is used only ,to reach an other goal...
Cryptocurrency is a serious matter, and the value is given by the POW or POS process properly implemented.
When the implementation aims an other goal, this is the case of darkcoin, describing it is not FUD, but reality... And anonymity word, is used only ,to reach an other goal...
I was scared to invest cuz of insta mine
We must support only good coins.
I was scared to invest cuz of insta mine
Puppet account trying to spread FUD?Those people who own MNs invested far more than what you did with your miners so shut up.
This is not an issue.
Another one that fill the official darkcoin thread with nonsense, and useless posts.
The instamine, or premine you may call that investment too? Anyway scam features are not FUD, but a simple reality...
You will find some explanations here: https://bitcointalk.org/index.php?topic=688510.0
There is a lot of scam operations... Some insights is always better...
There is a lot of scam operations... Some insights is always better...
You will find below a fork of the p2pool code with the 20% tax code disabled.
git clone git://github.com/repojohnray/p2pool-altcoins-drk-taxfree.git
Here is a public p2pool node using this fork code; You can join.
http://next.awiki.org:8175
git clone git://github.com/repojohnray/p2pool-altcoins-drk-taxfree.git
Here is a public p2pool node using this fork code; You can join.
http://next.awiki.org:8175
A very good idea. This coin goes in a very bad direction since the 'masternode' concept. And this 20% tax is very bad for the coin value. Giving free coins, like the classical premined concept, always results in a scam
20% of the blocks will help to protect even the network and 51% attack when X11 ASICs will enter to the game.
I don`t know which country you live but where I`m from annual % from bank for hiring my money is max 2,5%, here you have ~20% ROI annual....with all these priices ...think when the price of drk will be higher what will happen anyway.....
time to buy drk as it is still cheap...reallly cheap....I bought all the way till 0,02075 so now it it GREAT BARGAIN
See ya around
Look at the implementation, and 'crypto' as a concept. Crypto are not designed for money loan. And copying what Bank does, has no interest here. So a % is absurd. It had been wiser to look at a good POS+TOR like implementation, but this coin does nothing about that.
We have just an implementation that works as a parasitic POW process, and the anonymity added is minimal.
The new p2pool code operates flawlessly. But anyway, the darkcoin community are fools, they do everything to destroy the trust in this coin, for their own profit.
This is only a dump coin now...
A lot of scam operations right now, elitecoin, and we have still going on the 20% free coins taken on darkcoin...
Only block in entire chain with >1(+fees) coin was genesis block - with 20,000 coins - this is a significant amount
You are right the money supply don't match the source code coin value...