https://bt.irlbtc.com/view/626139.0

My take on Darkcoin, Bitcoin, and Bytecoin Clones(monero, quazarcoin, honeypenny etc).


Why Darkcoin is the best choice for anonymity

I've also researched Darkcoin very well and even though there was a issue with many coins being mined because of an accident with the block rewards, it's safe to say that 99% of those coins mined by early miners, were sold early, I have examples below.

1) Darkcoin is the first x11 algorithm coin, it is very ASIC resistant and allows GPU mining, to stop botnet farms from controlling the coin
2) Darkcoin is the first DGW coin, or Dark Gravity Wave coin
3) Darkcoin is the first coin to have the Masternode Process built in. Masternodes serve as an incentive to uphold the network as well as get paid 10% of the coins mined every block, and they allow anonymous transactions to happen, similar to how TOR works(TOR is 100% anonymous)
4) Darkcoin's Darksend ability gives you the Option to anonymously send your coins, you can either send coins regulary or Anonymously, which gives a lot of freedom for an anonymous coin and is not an option for Cryptonote coins
5) Darkcoin has one of the most Devoted and Competent Dev's in the Crypto World, he has proven time and time again to be fully able to providing Darkcoin with the best updates and advances, and soon enough would be comparable to Satoshi himself

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Why Bytecoin/Monero and other Cryptonote Clones Should Not be Used:
I know many of you must know of the Cryptonote Coins, such as Bytecoin, Quazarcoin, Monero, HoneyPenny, and FantomCoin ( https://cryptonote.org/coins.php)

I have researched those coins long and hard, here are my conclusions on why they would never work.

1) Monero, Quazarcoin, HoneyPenny, and FantomCoin are all Clones of Bytecoin
2) Those 4 coins all possess the exact same features as Bytecoin since they were forked/cloned from Bytecoin's sourcecode
3) They all use Ring Signatures for anonymity, but the problem is, Ring Signatues has severe bloating issues, to the extent that the Monero blockchain is 8x bigger than then Bitcoin Blockchain
4) The Bitcoin Blockchain takes an average 8 hours to fully sync(faster or longer depending on the comp)
5) 8x8 is 64, so that means the Monero blockchain takes 64 hours to fully sync, which means that you would be unable to send or recieve transactions until that 64 hours is over and the blockchain is fully synced
6) Monero has been destroyed by Botnets, which are computers compromised by Hackers that mine Monero 24/7, 365, I wouldn't be surpised if Hackers control more than  70% of the Monero coin Supply atm
7) None of the 4 Cryptonote Clones have any innovation

Conclusion: Bytecoin is the only reputable coin out of all the Cryptonote clones because; They(Monero, Quazarcoin, HoneyPenny, and FantomCoin) were cloned/copied from Bytecoin, and because of that, are extremely unlikely to have much of a future, Clones
never make it far.

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Why Bitcoin Should Not be Used:
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1) Private Companies would never use Bitcoin
2) Individuals who want privacy would never use Bitcoin
3) High Net Worth people/clients would never use Bitcoin
4) Celebrities would never use Bitcoin
5) Government branches would never use Bitcoin
6) Practically anyone or anything, that values privacy would never use Bitcoin

1) Private Companies would never use Bitcoin, because that would risk having competitors know all their transaction info and using it against them, hence why Bitcoin has never gained a foothold on companies

2) Individuals who want privacy would never use Bitcoin because using it is like having everyone around you know you're bank statements, credit card info, practically every purchase you ever made and everything you ever recieved, which is very scary.

3) High Net Worth clients/people would never use Bitcoin because that would ruin their chances of getting/maintaining the upperhand in whatever field their in. Ex: Warren Buffet buys 400 shares of Conzartop LLC which recently made a cure for cancer using Bitcoin, his competitor Ran Tuffet sees this on the blockchain and plan to sabotage/lower Conzartop shares on the stock market to make Warren Buffet lose out big, or they simply copy him and buy shares with Conzatop, effetively making money by doing nothing but copying Warren Buffet.

4) Celebrities would never use Bitcoin because their address can be traced back to them, and that would be a huge problem, considering they're stalked by the paparazzi and others every single day

5) Government branches would never use Bitcoin because that would be just about the stupidest thing they could do, it would risk their enemies knowing every single transaction they make and would make spying on each other much much easier.

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I've decided to make this thread to show the light on Bitcoin, Cryptonote Clone Coins, and Darkcoin.

Perhaps a silly question, but when a MN is payed, does the drk end up in the "1000drk" wallet, and if so is it at all possible to get these drk out without disrupting the function of the running MN?

Its too much of a stupid mistake to be serious. Maybe its a governmetnal version of a pump & dump scheme 

I'm relatively new to DRK, although I have mined some for the last few weeks. So could I ask the community, why id DRK price relativly stable when BTC is rising? What (if anything) is expected to drive DRK price up in short to medium term?

They only want the bitcoins so they can buy Darkcoin, LOL

I agree with this.. XMR does it's own thing, DRK does it's own thing should be the way forward.
 
Now the pow+pos anon coming soon vapourware clone pumps coming out repeatedly THOSE are annoying.

At least Dark and CN coins have working anonymity

They still have to account for it, and since the government will only run off of Fiat, they have to sell it to get use out of it.  Then it probably goes into the "general fund"

I wonder if Evan will let us know when (or if) hedge funds meet with him to perform their fiduciary due diligence. No hedge fund manager would take on a sizable position made up of other people's money without first vetting the developer. Also, I'm suspecting hedge fund attention will possibly perk up following successful and secure MN launch however the move to open source will likely garner the largest attention.

ok, I'm going to do it like you.

Thanks a lot for the description - has helped me understand what's going on now.