There seems to be some misunderstanding about the re-branding effort that I would like to clear up.

We've been watching the various conversations pop up about re-branding since the inception of the foundation. When the name "Dash" was recommended by the community, we saw there was a decent amount of support for the name. It also represented what we're attempting to accomplish with Darkcoin, something fast and private as cash. It also sounds very friendly and works as a verb.

After this the foundation started doing some research and found a patent application for the name "Dash". If this patent application was approved it means we couldn't use the name at all. Instead of approaching the community at this point and saying we were thinking about rebranding, we decided to hire a patent attorney to challenge this. We were hoping that we would be able to clear up all of the legal work before approaching the community about the name.

To challenge the patent application required that we purchase the rights to Dashcoin. We need to be able to show prior use of the name "Dash" in order to be able to challenge the application. At this point we could have approached the community with what we were doing and asked the community to fund it, but this would have created a good deal of uncertainty in the market. Instead, I funded the purchase of Dashcoin out of my own pocket, which cost a substantial amount of money. The purpose of this was incase the trademark challenge didn't work, we just would bury the project and leave it be.

If it wasn't for the patent application, this would have been much more transparent. But we were trying to protect the interests of the investors of the coin and not create unnecessary uncertainty.

Honestly, I always liked the DRK technology but I never invested in it just because of the name. Anything DARK, I don't want to be associated with it. This morning when I saw a change, I have put 1,5 BTC into it. You have just gotten another person on board.

I don't understand the moaning. Why not have the best of both worlds? Wider adoption that will be associated with the normal name and also underground transaction thanks to its anonymity.

People that want to use anonymous coin will use it no matter if the name is Dark, Dash or Tomato coin.

Just my 2 cents.

Keep bleating, you're almost making an impact  


On a more serious note, how many of you thought that the Darkcoin name would be acceptable to anyone outside the cryptocurrency scene or the darkweb? Be honest, I personally thought it would crash and burn shortly after launch. Why? Because the world is full of sheep who's head would explode if they had an original thought or god forbid challenged the status quo. The crypto scene is better but not by much as you can see from the thread.

DRK is being pigeonholed but we all knew it would happen. Evan seems very idealistic to me, and I'm guessing that his hope was that we could explain what the name represents but the brutal truth is as soon as real businesses hear Darkcoin they have made up their mind before another word comes out of your mouth and he now realises this. The name is a heavy weight around the currencies neck and has to be cut loose in order to become more widely and openly accepted.

Like someone else mentioned, nothing is changing under the hood the technology stays the same its just a paint job and one desperately needed.

My vote is for a change, but only if we get professional input so we don't run into this wall again. This has to be the final rebrand, it has to be done right, with input from financial marketing professionals. They don't have to understand all the crypto details in order to market it but they do need to understand and have experience in financial products marketing.

my 2 duffs.

Exactly... he easily owns xxx,xxx worth of XMR. Easily.

Then everyone should give up fiat currencies because so far, they are used to conduct far more trade in the underground/black markets than all crypto's combined. Government issued fiat wasn't marketed towards underground trade, it happened as a result of convenience. Darkcoin rebranded would be in a similar situation.

+1 Tomato Coin

Evan, is it correct what your other developers, like Vertoe, say? They claim this was a unilateral decision made without their input and now Vertoe has left the team.

Also, how do you respond to Vertoe leaving? It seems like a mighty setback to the overall project.
Thanks,
JL

To the ones who don't think this coin can chalenge BTC.

Whould you accept 100BTC directly from Silkroad, in your personal BTC wallet, linked to your ID (coinbase, Bitstamp)?

wpalczynski, Do you have anything solid to back that up or are you just passing wind? Cause I'm pretty sure that if Otoh decided to invest his money in the coin you stand behind you'd be screaming from the mountain tops about how great that is.

No one is disputing the instamine, what's your point? Are you guys really going to rehash something that is public knowledge with distributed coins for the umpteenth time?