What other altcoins are DRKcoiners into?

zXm

New Member
Mar 22, 2014
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I think it's an interesting idea. But I don't know how it will work out... I like the idea behind Anoncoin, too, but I don't know how well it will take off. Something to keep an eye on, though.
What's the idea behind Anon? I thought it was just obtaining anonymity through a 3rd party
 

LazarusLong10

New Member
Mar 26, 2014
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Typically when I'm not mining DarkCoin I'm mining bitcoin (via switch pools). I'm really interested in coins that offer some utility to the user, so I'm thinking about getting into MasterCoin, and am definitely planning to buy up some Ether when they open for business. Etherium is really exciting for a lot of different reasons.
 

TanteStefana

Grizzled Member
Foundation Member
Mar 9, 2014
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Yeah I think it's way too early to say that any cryptocurrency is the standard. That would be like saying Webcrawler won internet search in the 90s. Plus I remain unconvinced that a single currency is necessarily the right fit for every user anyway. I think there is still great opportunity for things like Darkcoin to fit niches.
totally agree!
 

LazarusLong10

New Member
Mar 26, 2014
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Anything in particular? I keep seeing its name floating around but don't really know anything about it.
I haven't had a chance to delve into the white paper yet, but the idea with Etherium is that it comes with a built-in programming language, so you can embed code into your coin, which in turn is embedded into the blockchain. That makes the coin incredibly versatile. For example, you can build in gambling, or bets on the future value of Ether vs. some other currency. They make a t-shirt with Namecoin implemented in just a few lines printed on the back. I'd strongly recommend checking out their website (if you don't feel like getting any work done for a while).

Etherium is also holding an open competition to help develop the hashing algorithm, but the idea is to use one which is so memory-intensive as to be virtually ASIC-proof. In fact the hope is that it should be very, very hard to mine efficiently even with GPU's.

There are a some other interesting things, but those are the big ones. Incidentally, Etherium is definitely not about privacy, so IMO it's not really in competition with DarkCoin.
 

FreeOne

Member
Mar 28, 2014
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^ I'm interested in it too, but understand very little. Have been trying to watch this youtube video but can hardly stomach his lisp and stutter, let's face it the kid's not exactly the most eloquent explainer.

And I sometimes think there project might be a little too ambitious or complex, but definately have to take a better look!

 

the_darkness

New Member
Mar 22, 2014
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I haven't had a chance to delve into the white paper yet, but the idea with Etherium is that it comes with a built-in programming language, so you can embed code into your coin, which in turn is embedded into the blockchain. That makes the coin incredibly versatile. For example, you can build in gambling, or bets on the future value of Ether vs. some other currency. They make a t-shirt with Namecoin implemented in just a few lines printed on the back. I'd strongly recommend checking out their website (if you don't feel like getting any work done for a while).

Etherium is also holding an open competition to help develop the hashing algorithm, but the idea is to use one which is so memory-intensive as to be virtually ASIC-proof. In fact the hope is that it should be very, very hard to mine efficiently even with GPU's.

There are a some other interesting things, but those are the big ones. Incidentally, Etherium is definitely not about privacy, so IMO it's not really in competition with DarkCoin.
Hmmm intriguing, will have to check it out when I have a free moment. I could see it being both very powerful if done well but also easily exploited depending on how much latitude a programmer would have when adding code. I'm interested to see how they will keep transaction sizes on the blockchain reasonable if they allow that much customizing. Thanks for the introduction!
 

LazarusLong10

New Member
Mar 26, 2014
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You bet! I agree, the biggest question in my mind is how they'll prevent massive blockchain bloat. Also, any contract related to something external (e.g. fiat currency values, who wins the world series, etc) is inherently vulnerable.
 

aleix

Well-known Member
Foundation Member
Apr 4, 2014
144
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I have some Verts, Litecoins and Darks.
 

the_darkness

New Member
Mar 22, 2014
33
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You bet! I agree, the biggest question in my mind is how they'll prevent massive blockchain bloat. Also, any contract related to something external (e.g. fiat currency values, who wins the world series, etc) is inherently vulnerable.
True, hadn't thought of that. Well ambitious ideas are good. If nothing else there will certainly be lessons to learn for cryptocurrency as a whole.
 

FreeOne

Member
Mar 28, 2014
44
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You bet! I agree, the biggest question in my mind is how they'll prevent massive blockchain bloat. Also, any contract related to something external (e.g. fiat currency values, who wins the world series, etc) is inherently vulnerable.
To me the whole project seems a bit too ambitious and complex. I might still invest in it but I wouldn't bet the farm on it. I think alot of thing things they are aiming to do can be built as third party services on top of current blockchains much better... and that this latter type of niche specific focus, is generally better than the broad approach that Etherium seems to take with seemingly trying to control and establish protocols a programming language for any exchange of value.

I also believe there is alot of hype behind it, and when an interview with the kid (the creator) on youtube laughing about some anarchist colony (for the reocrd I have nothing against anarchist colonies) stealing 500,000 euros in credit to start some silly colony, and he is laughing about it on youtube I question his principle and legitimacy in asking for 30K BTC for an IPO for Etherium.

Code:
http://www.youtube.com/watch?v=Cw27x_xAPmI&feature=share&t=3m00s

For the record I'm still not decided on this one. I think if they are asking for 30k BTC IPO, we need to look closely at the people involved and their track record.
 
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LazarusLong10

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Mar 26, 2014
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There's definitely a lot of hype behind Etherium, but that's a good think if you want to invest in it - they've really done an amazing job of getting people excited about it. I'm also concerned that it could be too hard for people to understand. Hopefully normal people will be able to use the features created by developers without actually understanding it themselves. Even if it fails miserably, you've got to applaud them for swinging for the fences. I plan to invest early, but definitely am not trading any DRK for it.
 

jungian

New Member
Apr 15, 2014
4
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I hold
1) BTC - the mother and father of crypto.
2) DRK - because someone needs to up the anonymity
3) NXT - Lots of innovation here. The real downside here was how it all began and the marketing after. Lots of uphill climbing..
 

thelonecrouton

Well-known Member
Foundation Member
Apr 15, 2014
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Mined LTC for about a week to start with, then switched to VTC when I heard of the coming scrypt ASICs, still like VTC, competent and committed devs and it will be the premiere n-factor coin, in fact probably 2nd only to BTC within a year I believe, but have been mining DRK exclusively for the last few weeks. Initially was going to keep mining VTC and buy DRK but the low temps, low noise, and low leccy got me hooked on DRK.

Have faffed with multipools and betarigs along the way, plus a few other things, can't be bothered any more.

Also DRK was the first linux wallet I was able to build without any buggering about, instantly endeared me to the devs. :)

Ultimately I see more longevity in DRK (or what it evolves into) than BTC. I also forsee an almighty struggle with the powers that be, but nothing good was ever easy and if the suits and their thugs want a fight, well I'm half Texan, half Russian, and all Irish, god help them. ;)
 

jungian

New Member
Apr 15, 2014
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I think there is room for us all. Ofc, a lot of altcoins will die off, mainly because their devs stop working on it, or because of unfixable bugs.

Here is something that seems nice enugh: http://maidsafe.net/ introduces their currency for the network. I might invest in that. DECENTRALIZE!
 
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lyubomyr

New Member
Mar 26, 2014
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I had some DRK but I sold them when it was 1,16$, just to try arbitrage, and do not bought then again, I am so sad right now
 

crowning

Well-known Member
May 29, 2014
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Alpha Centauri Bc
I haven't had a chance to delve into the white paper yet, but the idea with Etherium is that it comes with a built-in programming language, so you can embed code into your coin, which in turn is embedded into the blockchain.
Without looking into the whitepaper I'm pretty sure this could be exploited easily (easily as in "needs the better part of a rainy weekend worth of time").
 

LazarusLong10

New Member
Mar 26, 2014
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Without looking into the whitepaper I'm pretty sure this could be exploited easily (easily as in "needs the better part of a rainy weekend worth of time").
Interesting. What kinds of exploits do you have in mind? Computers verifying transactions might have to run the code, so in theory it might be possible to use the block-chain to propagate malicious code. There are all kinds of ways to protect against that (depends on how/where the contracts are decrypted), and I'm sure the developers have considered it, but it's definitely a disturbing thought.
 

crowning

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May 29, 2014
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Alpha Centauri Bc
Interesting. What kinds of exploits do you have in mind? Computers verifying transactions might have to run the code, so in theory it might be possible to use the block-chain to propagate malicious code. There are all kinds of ways to protect against that (depends on how/where the contracts are decrypted), and I'm sure the developers have considered it, but it's definitely a disturbing thought.
If each computer has to process my code DOS is the first thing you could easily do....just get them busy and waste a lot of resources. Depends of the implemented programming language possibilities of course.
Second thought is exploids, wouldn't be the first sandbox from which code hacks the underlaying OS.
And of course you could do a lot of nasty things to the transaction itself.

If I would have to implement the language I would use a VERY restricted instruction set.
In fact, I would most probably don't do it at all. I'm known to be on the more paranoid side of developers...
 

kirk202

New Member
Jun 24, 2014
4
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Ogden Utah
I'm putting a little in NXT and Namecoin and see how it goes. Mainly in BTC & DRK and looking at VRC.
 
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mastermined

Active Member
May 26, 2014
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That reminds me, I'm still holding bitshares. Are they even out yet?
not sure. i think it (bitshares x) was supposed to be launched over a month ago but was delayed. i think they are still testing it. saw they were working on an anon feature too.
you can put your bts-protoshares add in here and see how many btsx you have...
bitbalance.azurewebsitesnet
 
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ourlink

Well-known Member
Foundation Member
Jun 9, 2014
237
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Heartland, USA
www.p2poolmining.us
I'm going after DRK slow and steady...
I started with BTC mining back in December, rode the decline from $800 all the way down to $340. Sold my BTC machines on eBay, got burned by a buyer for $10k... Left to mine LTC via Markets.cx cloud service, lost $2k when they up and disappeared. So I have been around the block on a loosing streak but I see promise for growth with DRK. I 'm here for the long haul.