Bitcoin Forum

Alternate cryptocurrencies => Altcoin Discussion => Topic started by: doo on June 03, 2014, 07:33:45 PM



Title: Dark scam
Post by: doo on June 03, 2014, 07:33:45 PM
Quote
Darkcoin came into existence on 18 January 2014 with a 2 year old code and on the day it was xcoin then some time later it was re-branded x11coin then later merged with Darkcoin.
Darkcoin is a completely centralized coin. Less than a 1000 addresses hold 90% of all coins. How many addresses the instaminers each have is anyone's guess
It is neither the first anonymous coin as fraudulently claimed, nor the best and to top it of its not anonymous at all. The   creator admits that he never promised it to be 100% anonymous.
Its closed sourced at moment so it could contain keylogers or whatever (anonymous and closed source is the worst possible combo)
It has no community support http://www.reddit.com/r/darkcoin (http://www.reddit.com/r/darkcoin) unless you count the trolls on the bitcoin forum
The dev fraudulently claims the algo is ASICs resistant, but knows it is't, also did't take long https://www.betarigs.com/user/o2cad (https://www.betarigs.com/user/o2cad)
No legit merchant will accept or can accept it, when its main goal is money laundering, tax evasion and extortion payments.
About 2 million where instaminet in first 24 hours then over time sold cheaply to themselves for 2 reasons. To keep price down and make it appear they got rid of the instamined coins
The block reward was very high at the beginning and not fixed, "Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))" so on top of the 2 mil in 24 hours another million was mined in the first month (it took bitcoin over a year to have the same number of coins mined than Darkcoin had in a month, by same max supply)
Having finished the high reward mining and only leaving the scraps it was time to kickstart the frenzy to trade on high volume with themselves to get attention
The coin after the emergency intervention survives on live-support and its uncertain if it recovers completely or if the same will happen in a years time again.
Right now there is zero market for it as not even the dark market has any use for it.
The 10% instamine without windows/mac walled or pool was done on a max coin supply of 84mil and was later reduced to 22mil, yes has effect on mining.

Throwing money at this scam thing where a very small number of people have full control of events is crazy?

Why are't the dark trolls staying in there dark cave, this is the bitcoin forum where truly ground breaking technology is discussed and not some copy of the coin and its developments like https://darkwallet.is/ (https://darkwallet.is/)

 


Title: Re: Dark scam
Post by: IloveAnonCoin on June 03, 2014, 08:04:07 PM
https://bitcointalk.org/index.php?topic=560138.0


Title: Re: Dark scam
Post by: aleix on June 04, 2014, 06:31:03 AM
FYI

http://wiki.darkcoin.eu/wiki/FAQ
http://darkcointalk.org
http://www.darkcoin.io


Title: Re: Dark scam
Post by: TheBullOfWallStreet on June 04, 2014, 07:37:45 AM
Just let it go, even if it was true (it mostly isn't) the darkcoin shills would spam you with "facts" proving you wrong.



Title: Re: Dark scam
Post by: Bharat on June 04, 2014, 10:02:02 AM
just stay away from these kind of coins. not worth  even discuss abt them


Title: Re: Dark scam
Post by: lyubomyr on June 04, 2014, 12:13:42 PM
just stay away from these kind of coins. not worth  even discuss abt them
Every one coin of they have to cost nothig but people sell them and by them, who knows maybe in next future we will see second coin worth like Bitcoin now?


Title: Re: Dark scam
Post by: BossBee on June 04, 2014, 02:29:57 PM
just stay away from these kind of coins. not worth  even discuss abt them

*check ALL Trolls previous posts*
This dude is obviously a bitcoin lover and fears the dark