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by coffeecodecouch 4399 days ago
Darkcoin is closed source[0] and the creators[1] of Darkcoin show no history of working with cryptography, peer-to-peer, or any form of anonymity/security in general. One of the two founders does however have an interest in "financial markets and economics" and nearly all tweets on the official Darkcoin Twitter account[2] are about the market price. This reeks of scamcoin.

[0] http://wiki.darkcoin.eu/wiki/FAQ#Is_DarkSend_open_source.3F

[1] https://www.darkcoin.io/meetteam.html

[2] https://twitter.com/DarkcoinCrypto
3 comments
buryat 4399 days ago
Plus it was instamined: 43% of all the coins issued so far were mined in the first 24hrs. Block #4242 [1] is about 24hrs after Block #1 [2], outstanding 1,864,104; the latest block right now is #75345, outstanding 4,330,405.

1864104/4330405 = .430468744

[1] http://chainz.cryptoid.info/drk/block.dws?4242.htm

[2] http://chainz.cryptoid.info/drk/block.dws?1.htm

[3] http://chainz.cryptoid.info/drk/block.dws?75345

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hackerboos 4399 days ago
Pump and dump.
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HenryMc 4399 days ago
Darkcoin is not closed source, but the mechanism for anonymous transactions (Darksend) is. Once it is completed it will be open sourced.
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olefoo 4399 days ago
In other words; there are plenty of good intentions to make it available as open source; but the hard and painful peer review process for which open source is a prerequisite has not yet actually happened.

Road to hell and all of that.

Lesson here: don't rely on this for your gun-running, money-laundering or tax-evading needs. It's probably run by the NSA anyway...

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nmjohn 4399 days ago
I've been following darkcoin since the day after it was released, have talked to Evan (creator), and I really do not agree.

[0] is only temporarily true as pointed out already. [1] doesn't support what you said, the about us NOT saying they have experience with X, Y and Z does not mean the same thing as it saying they do not have experience with X, Y, and Z. [2] I've always disliked that, however price changes are what get people excited, I would potentially say even more so than innovative features.

So I really don't think scamcoin is the right term, however I personally would not be investing at the current price. I sold all my darkcoins a while ago for a very nice profit and cannot see the price rising a whole lot higher (in the short to mid term) than it currently is, unless a large DNM starts accepting it or similar. Then again I also said I can't see the price rising a whole lot higher when it was at .01 DRK/BTC, so what do I know?

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