Bitcoin Forum

The first 24 hours of the coins existence keep causing us problems, an "airdrop" could be a solution to this. We could airdrop all holders (uniquely verified) with a equal portion of coin. This coin would come from a block in the future that paid 2 million+ coins to a specific address that I hold. We could use some kind of verification system like mastercoin (http://mastercoin-faucet.com/github-intro)
The airdrop would be a month or so into the future, so it would give users time to buy coins and become holders creating some demand. Also, we'd have a much larger market cap and the argument about the first 24 hours would become invalid.

How would you get a part of the airdrop?

- You must own 100DRK ( if you're new to Darkcoin but want to be part of the drop, you would need to purchase 100DRK ).

One of the following:
- Github: To redeem this reward, you need either at least three public repositories and your account must be older than August 1, 2013
- Reddit: To redeem this reward, you need a Reddit account with more than 100 karma.
- Bitcointalk: To redeem this reward you need an activity score above 10 as well as at least 10 posts

Any of these accounts would need to be created before April 1, 2014.


Vote!

Sorry, this was a terrible idea.

Not everyone knows about "The first 24 hours."
Briefly, what happened?

I have nothing but respect for you Evan but this is a terrible idea and might even kill the coin.  The metrics you have suggested are completely arbitrary, and I am really bothered by the fact that the coins would not be automatically distributed by the network.  I trust you, we all do, but this just comes off as super shady and will scare off investors IMO.

Here's the background: https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/

And a visualisation of the mining distribution imbalance: https://i.imgur.com/XmnW0wc.png

I can't believe this is even suggested. Increasing the supply even more would depress the price. As someone with 5 figures that I purchased over the past couple weeks, I'm certainly against it. Perhaps this is why the exchange rates took a hit, especially on Cryptsy... Going to agree with Simcom here and if by chance this moves forward, I'm out. I would want nothing to due with this coin because the dynamics have changed. The instamine sucks, but it's part of what it is. I invested in this coin because of the future of privacy/anonymity and found out afterward about the instamine but it still made the coin attractive even with that. Makes absolutely no sense to essentially double supply again for a purpose that this clearly won't address. If you think you are going to increase marketcap, think again. You'd essentially be diluting the pool. Sure, you would get new money from some of the users wanting to get access to part of the drop, but ultimately, you'd be diluting everyone. Try this on any major stock exchange and the price would effectively halve if you doubled the outstanding shares. So net net, instead of it being a coin at .64 USD, it'd be .32.

Thank you...Looks like a "typical", exciting first day.
https://i.imgur.com/XmnW0wc.png

This is just not a good suggestion. Whatsoever.
Airdrop might as well be a curse word within the cryptocommunity by this point.

You're looking at a very easy way to kill the reputability of this coin off.

Have to agree on this, all this will do is crash the price.   Many people holding Dark will lose money and abandon the coin and call it a scam, and we'll be right back to that.

Oh...

I did'nt understood..

I was thinking of somehting like redistribution of a part of the first coins.. Not a lot of new genrated coins that will diluate the value....

BAD IDEA, filling the market with 2million new coins will create lots of supply and no demand! expect a massive price drop like aurora coin.

if the airdrop happens anybody with a brain will sell all their DRK before the airdrop

+1

DONT do it - Bitcoin had the same problems in the beginning. Once the coin starts to be utilised for DarkSend and to purchase goods - the distribution will even itself out over time as liquidity increases.

The idiots who keep spreading the instamine FUD do the same thing with every coin....

Get DarkSend out of beta and open sourced - get the professional marketing of the coin finalised and this will be a thing of the past.

I just want to bang my head against the wall, LOL

Are you being King Solomon? We bicker too much, now you give us a choice to kill ourselves with?  LOL  OMG!
Boy if you don't come up with good 'uns!

I like this idea :)

wow big sell off just since this thread was posted

How much of that first 24 hours really remains undistributed at this point? I'd have to think the vast, VAST majority of it has been dumped. Darkcoin has been at a dollar...

IMO, this is not something any dev of a very successful coin should be posting. Find a way to get input on your ideas without them affecting a 2.5 million dollar asset owned by many people. I'll forgive you because you're still pretty new at being the dev of a very successful coin. Stop posting bad ideas on forums and get back to being a genius programmer. :)

Bad idea.

WTH. Selling DRK NOW.

how did you think it was a good idea to do a poll?

did it not dawn on you that troll/shills are just going to click 'yes' knowing it will kill the coin :/

I ask the dev not make the mistake!
You created a wonderful coin in 2014 nothing better established.
You deserve a reward. Do not listen to those who want to enrich themselves only.
Do not change the properties of the coin, only improve the code (like bitcoin & litecoin).
Do not give away the coins you earn! better to send the money to create X11 multipuls, to create their DRK/coins exchange, to create dns services, the creation of rental MHs service (like leaserig.net) ...

Bad idea. Problem has been solved by distribution, proven in blokchain - no big holders with coins from first 24h.
Don't dilute shares, investors don't like it.

If our coin can survive this madness, then it can survive the name Darkcoin!

Small sell off has already happened. Delete the thread altogether. Its very existence is bad for DRK.

If this happens I'll be out as well. Love everything about Darkcoin but this is getting ridiculous. Might as well change the name to welfare coin. The coins distribution is published and well known. And yet the market price has proven rock solid with buyers at every dip. I would venture to guess that the complaints are coming from those who just want free coins.

Edu's not dumb. He's probably about ready to release DarkSend and facing a very tough dilemma. If he releases DarkSend, there's a small risk that another coin might be able to kill/replace DRK quickly by implementing DarkSend and spreading maximum FUD about DarkCoin's name, past, etc. So he's trying to fix the negative sides of DRK (name, first 24 hours mining), and in the process let a terrible idea slip out of his head onto the forums.

As I understand it, the first 24 hours mining have long been distributed and shouldn't matter all that much anymore.

stop Airdrop DRK

Alexis de Tocqueville, a French Politician and historian at one point said, and I'm paraphrasing, that a democracy can never work, people will always vote themselves money to the ruin of the state.

In this case here, the people will vote for an airdrop to get themselves more coin regardless of the fact that it will kill the coin.

It's why the United States of America is a Republic and not a democracy.  Evan, you need to be presidential and stand by what is right, don't wallow in what went askew, and realize nature actually fixes this stuff in the end.  (the coins were redistributed at the exchanges).

It was a much better outcome than Bitcoin's Satoshi Nakamoto's 400,000 bitcoins still in his wallet. Nobody knowing if or when they might hit the trading floor, which could deliver a knock out blow to bitcoin!

I agree, but I think Evan went to bed!   :-X  :-\  >:(

Much better idea is to destroy the coins which you want to airdrop. It would rise trust and value of DRK significantly. The coin is interesting, but I am keeping my funds away from it because of this "first 24 hrs problem".

how should I do ???

 I was 2 month late with darkcoin mining for what reason ever and I can tell you after 2 weeks I still haven't mined even 50 DRK! So compared to the early stage..what I read ..absolut nothing! Sure I haven't all my mining power on it but also sure that I am aiming for the very next best new X11 coins since the oportunity for this one is "Gone" for me.
Not saying it has no future..I think it has! It's a good coin with a strong dev. But I will not be able to take advantage of it and this airdrop I think will not change anything.

You are a good and clever developer.
So for someone linke me the best would be if you launching a new coin where you avoid all the start "mistakes" done with this coin. I would mine it.
But I know DRK bag holder will not like that idea. :)

i mined about 50k in the first ~5 hours  (it was cpu only back then and just few individuals cared)

nothing wrong with that
darkcoin is one of the few coins here that is not a shitcoin at all

Crazzy difference!  ;)
There was no windows client what I read. That excluded a lot ppl.

I didn't miss the lunch, I don't want an airdrop.

That's ridiculous.  The "instamined" coins have done more good for distribution of Darkcoin to more people than a "fair launch" ever could have.  Not everyone can mine, but they can buy, and when the coin remains affordable for such a long time, it allows new people who hear about it to join with us and invest.

Those coins have long been dumped.  They're in the hands of those of us who bought them because we like the coin and because we could.  What you're saying makes no sense and is not at all a real issue whatsoever.  There probably is a little more dumping to be done, but I haven't worried about it so far, and I won't worry about it, because I am certain that in the long run, if silly ideas like an "airdrop" stop happening, Darkcoin will be a major player and worth a lot more than it is going for today.

dear lady, seems like u dont like evans plan, do u? i heard hes going to do it though :)

People would need to trust Dev a lot for that. IT is almost impossible to predict how it would end up.

well DRK is falling right now.
I am sending 30k to mintpal now, will buy back in low

going for this experiment :)

DRK is good, but the dark spots in the coin biography scare a lot of people. Airdrop would help coin to survive.

I'm certain he won't he isn't stupid.  He is impulsive though, very impulsive.  It's what gives him such talent.  But causes this kind of uproar!  LOL.

no he won't do it.  When he wakes up in the morning, he'll go "oh shit what was I thinking?"  He hasn't been here all day, just popped in a moment, thought, oh maybe I can fix this insta-mine problem, lets vote!  LOL, it's what makes him so cute.

The best solution for instant mine is to increase the reward as the hash rate increases. At the moment, the reward is inversely proportional to difficulty. You can make it proportional to difficulty so that more coins can be issued to more miners. After we are satisfied with the solution of instant mine, then we can fix the reward or reduce the reward.

In what way? It would break all trust.  You can't earn trust back as quickly as you lose it.  No, an airdrop would kill the coin.

Excellent idea! Where is a such coin? May be, elacoin?

There is no solution, there is no fix.  Human nature has redistributed those coins, and any mucking around will screw everything up.

I'm tired.  If ya'all don't see it, I can't help you.

I'm sure if I just found out about this coin and liked it, I'd want to have more given to me.  I know I would.  But seriously, the coin is inexpensive enough to buy a lot of if you have an income, way cheaper than mining it, pretty much cheaper than mining it for a long time now.  Buy yourself some coins, that's what I did.  I bought them at a way higher price than they're going for right now.  Some I bought at .0016 and bitcoin was over 700.  Not until today was I worried about my choice.

I'm going to sell all my dark and buy back in when the price fell

anyone looking for dark in the XXk range? I'm sending half to Mintpal. lets redistribute

Don't try to fix a problem that doesn't exist, bad idea

Absolutely not. I would dump before this event because all it means is darkcoin is dead.

I'm sorry but worst idea ever, only people hoping for a quick pump and dump to profit are voting yes to this.

People worrying about the first 24 hours are just thinking short term, most of the coins from those 24 hours are already in hands of investors, if something it helped distribution because some people dumped already for cheap.

I SAY NO. Let's stop all the non important details, we are wasting dev's time.


https://bitcointalk.org/index.php?topic=421615.msg6107212#msg6107212

I think it was me that suggested the airdrop. Chinese whispers have taken hold of this topic.

I don't think we should airdrop into the existing coin. That was not the suggestion.

The proposition was that clones will pop-up once darskend is open sourced. The darkcoin brand still brings up discussion, which means some like it, some don't. If its happening now, it will happen in the future.  I'm more concerned about the darksend brand, but that has now been voted on, so unless there is a veto, that is now decided.

The notion was that a clone with a shitty neutral color and a friendly smiley face would take the limelight and become the acceptable face of anonymity, i.e. internet cash, without having done the hard work of Evan, the rest of the people that got darkcoin to where it is and the miners who invest in electricity at a loss.

Rather than let someone else benefit via cloning, the concept was to be prepared to launch a happy smiley face version of darkcoin when darksend was out, being marketed etc, and competing with zerocash, dark wallet and other zerocoin implementations.  

The second implementation was suggested to be in the wings announced and ready to go but with a big gap in time - 3 / 6 months or so depending on the time it takes clone coins to implement a viable darksend.

The airdrop was to give existing darkcoin holders a big stake in the happy smiley darkcoin v2 while retaining a stake in darkcoin which would have a market leading position in the areas that like it.

The result was to have the bitcoin / litecoin relationship; make launching a clone by others pointless; avoid the pump and dump clones; and to provide a mechanism to incentivise new investors into darkcoin right now with the option of an airdrop if a clone threatens to launch.

It would also act as a hedge against those that raise the concern that the 'dark connection' will put off main street because they are concerned about its use in the back street.

So Chinese whispers over.  If everyone wants the status quo then that's fine. The points were raised, discussed, voted upon. Lets move on.  We all have the option to invest in happy smiley clone coin if that comes.

EDIT - I'm two months late into darkcoin. I missed the first 48 hours. I have invested and hold a substantial amount of darkcoin and I mine a noticeable amount at a loss.

Those that gained a super stake at the start are lucky. Good for them. I just hope that they don't dump the coin into oblivion at the first opportunity. I think darkcoin can be a $1bn coin. Lets hope they wait until there is sufficient volume to not notice their dumping otherwise they and everyone else will lose out.

A 24 hour super mine would benefit me, but I'm against it. I'd prefer a clone back-up. That way the dumpers can dump, those with a longer-term view can have an insurance plan.

lol eduffield you have 2000000 DRK and dont even send 100 DRK to your contributors as bounties

wtf

+1, leave it as it is.

Exactly! And fucking ignore that cryptohunter idiot, looks like he only registered to spread FUD about DRK or X11. seriously this is the biggest troll I've seen in a while.

NO shitty AIRDROPS, let it die with the Auroracoin.