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April 11, 2015, 06:27:48 AM |
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Man I used to love this coin. I was a fanboy for a full year and could see no evil. If you are asking why people are selling, delusional bagholders are not the ones to ask, I know, I used to be one.
There's a hell of a lot of reasons people are selling. ROI is heading straight down and you can expect it to continue along that path. Sure 18% annually sounds OK, but the price would have to stay consistent for that year which seems to be a bit of a stretch considering drk has played all its relevant cards and the future of btc is looking a bit grim. Less than $2 a day and dropping fast is not really that enticing for every $3,500 you invest in such a risky investment like an altcoin. It has functional privacy, but thats really only relevant in the very short term because of the whole trusted third party aspect. I ignored it for a long time and I believe you can too, as long as you keep focusing on the pipe dream.
Evan is a loveable genius, but the coin is completely reliant on him which causes centralization. THis wouldn't be a big deal but it means he is vulnerable to being influenced and making reckless decisions. The director of the foundation is someone who has zero involvement in the community and is business partners with "Otoh". Where would the price be today if it were not for Otoh's blatant market manipulation? So you have all code being dependent on Evan, his confidante Ed Moncado whispering in his ear (ask the VIA dev how he feels about that guy), and Ed Monacado's business partner Otoh controlling the price. During all this time the ancient holders are getting around to setting up MNs, which drives the profitability of running a MN straight down.
And where does drk go from here? Masternode blinding is nice, but is still relying on third parties. Before tok claims they are just like every other client, they are not, they perform specilaized tasks that normal clients do not, and you have to trust them. Trusted third parties are the whole reason crypto exists and they are the devil. Instantx is cool but its really just forging confirmations, and you can tell how much the crypto community trusts th is apporach by the fact that zero exchanges have implemented it. COncerning the scalabitlity issue... it is solving a problem that does not exist for drk.
SO you want to go to mobile wallets and create friendly name and brand? Well, SDC has rocked the mobile wallets featuring anonoymity so tahts nothing new. As far as reaching out beyond the crypto community.. tell me what is the major difference to the end user between drk and these startups that they want to compete for the same name with? Tell me what is the difference to the end user who uses the "dash" app already accepted by 50 vendors in real life to the future dash app?? Instant transaction, already there. Some smart code they cant understand? Don't care. Superb privacy? Well they read some forums and people dont seem to be very confident in the privacy anyway.
SO its not only as tok said and the charts have gone from green to red. THere are some serious god damn problems with this coin and I wish I could see it the way I did before. Love you guys~!
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