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Title: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 01, 2015, 12:31:46 AM So I'm just trying to get things organized, others can input as well. Here's what I plainly gathered so far.
1) Dash's developer, Evan Duffield, released Dash before it's intended release date(Which means the instamine could also be partly counted as a premine) 2) Dash was only able to be mined on Linux, which was likely intended so that less people would be able to mine the coin, because over 90% of all computers use the Windows operating system 2) Dash's block reward started off with 500 coins per block, before it was abruptly cut 2 days later after 2million coins were instamined 3) Dash's block reward was finally cut after the 2million coins were instamined 4) Evan Duffield was able to temporarily mine Dash by himself for a while when the public miner wasn't working 5) Evan Duffield make an obscure poll where the majority of the votes(High likelihood of being his sockpuppet accounts) voted to reduce the Dash max coin supply from 80million to 20million, instantly making the instamined Dash worth much more 6) The max coin supply is reduced more than 3 fold from 80million to 20million **I also found this gem, there's still a wallet connected to the Dash instamine that currently owns 11% of all Dash in existence https://chainz.cryptoid.info/dash/wallet.dws?559582.htm** **To those that don't know, Dash's previous name was Darkcoin, and it's name before that or original name was, Xcoin, so yes it went through 2 dictator-style name changes** Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 01, 2015, 12:34:22 AM To quote from the SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation) thread located: https://bitcointalk.org/index.php?topic=560138.0
Looking at the Darkcoin's dev, when people in Bitcointalk talk about the dev's instamine, and it is able to check via Abe explorer. Today, he decided to do "Airdrop" 2,000,000 DRK ( are you kidding me ?, he instamine 2 millions darkcoins or almost 18 million USD) Such a good dev, if people cannot catch his trick, he will definitely go with his instamine. 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! Let's take a look at the first 5 h of Darkcoin (XCoin at that time)... https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219 (https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219) Edufield said (after failed launch) that he will wait the next day to launch DRK (XCoin at that time) it is 11 pm. https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407 (https://bitcointalk.org/index.php?topic=421615.msg4591407#msg4591407) Edufield disregard windows wallet and daemon and hurry up his launch, presumably to not have windows miners on board. https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827 (https://bitcointalk.org/index.php?topic=421615.msg4592827#msg4592827) Edufield say he added four nodes for the launch at 4 am (5 hours later, despite his promise to wait). The 4 nodes from Edufield are 3 amazons AWS + another unknown (whois IP). Launch started at 3h54 am. https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601 (https://bitcointalk.org/index.php?topic=421615.msg4593601#msg4593601) Edufield said the github version was not updated, nobody could compile and only Edufield was able to mine until that time. It is 5.09 am and Edufield instamined alone 1153 block at 500 DRK + 60 block at reward 277 = 593120 DRK for him alone in about 1 hour. https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987 (https://bitcointalk.org/index.php?topic=421615.msg4593987#msg4593987) No windows wallet confirmed at 5h47 am, despite a user attempt to make one avaiable, that Edufield dismissed quickly. https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096 (https://bitcointalk.org/index.php?topic=421615.msg4594096#msg4594096) Illodin, understand dev has instamined alot of coin. https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573 (https://bitcointalk.org/index.php?topic=421615.msg4595573#msg4595573) From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now. From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here! Edufield is nominee for the Master Scammer 2014 award! THE FACTS ABOUT DARK COIN 1. released without windows QT so that only dev and pals could mine it. 2. Instamined harder than any other coin out there 12.5% of the current minting was mined in the first day 3. Later they decided to cut the minting by 75% to turn their 12.5% instamine with no windows QT into 50% instamine in 24hours - nice hey yes that is correct they mined 50% of all the coins available at this time by themselves in the first 24 hours whilst windows users could not mine. That is the facts.... doesn't matter what else they say... nothing can change what they have done. Once zero coin, or bytecoin with a decent wallet it released or another darkcoin clone is released.... dark coin will sink like a stone. Every time they try to spam their coin just post this to remind them of the facts about their coin. hehe they will accuse anyone to hide their scam... LET THEM ARGUE WITH THESE FACTS 1. The block reward was 500 every couple seconds at launch! Not 20 or 50 coins every 2.5 minutes as listed. There was also no windows wallet so only linux users could mine. This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours. Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!! All mined in the first 24hours by just a few wallets. Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.) 2. Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets. This could be 10 people or it could be simply Evan with 10 different wallets. 3. My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch. The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million! noob fools saying i think it is nice people mining early get more coins...lol you silly noobs. you would all be crying when a coin comes out with no wallet and a HUGE HUGE HUGE % of minting is mined in 24hours that you will never have a chance at you silly people. keep quiet over thing you don't understand. Just print this to anything they say!!!!!! 1. The block reward was 500 every couple seconds at launch! Not 20 or 50 coins every 2.5 minutes as listed. There was also no windows wallet so only linux users could mine. This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours. Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!! All mined in the first 24hours by just a few wallets. Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.) 2. Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets. This could be 10 people or it could be simply Evan with 10 different wallets. 3. My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch. The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million! the more they try to justify or excuse it the more people get to read about the scam.............. in the end they will accept it is best to shut up about it and hope people forget. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Brilliantrocket on May 01, 2015, 12:44:05 AM You guys do a great job of reminding me of Evan Duffield's genius on a daily basis. Thanks.
Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 01, 2015, 12:46:12 AM You guys do a great job of reminding me of Evan Duffield's genius on a daily basis. Thanks. Not a problem. If your idol is a 'genius' who exploited a cryptocurrency to fraudelently enrich himself in 2 days of instamining, then by all means worship him. I don't hold myself to such low standards. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Brilliantrocket on May 01, 2015, 12:50:21 AM You guys do a great job of reminding me of Evan Duffield's genius on a daily basis. Thanks. Not a problem. If your idol is a 'genius' who exploited a cryptocurrency to fraudelently enrich himself in 2 days of instamining, then by all means worship him. I don't hold myself to such low standards as to praise scammers. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 01, 2015, 12:52:11 AM You guys do a great job of reminding me of Evan Duffield's genius on a daily basis. Thanks. Not a problem. If your idol is a 'genius' who exploited a cryptocurrency to fraudelently enrich himself in 2 days of instamining, then by all means worship him. I don't hold myself to such low standards as to praise scammers. Ok, thinking like a true businessman. To you this may not be an issue as it's just about making money, but to the people that want crypto to become something more than just pennystocks, things like this happening is a huge issue. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Jeff8247 on May 01, 2015, 12:53:21 AM I'd rather f*ck a bag of razor blades than listen to what you say ProsperityForAll. So please note, i did not read a single word you wrote here.
Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 01, 2015, 01:00:49 AM I'd rather f*ck a bag of razor blades than listen to what you say ProsperityForAll. So please note, i did not read a single word you wrote here. Thank you for your enlightening contribution /s. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: PhattyBanks on May 01, 2015, 01:11:22 AM every one that missed the initial mining period could've also got in on the 300 sat hacked ccex coins, and then it was 130k for almost 4 months
Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 01, 2015, 01:23:56 AM Quote 2) Dash's block reward started off with 500 coins per block, before it was abruptly cut 2 days later after 2million coins were instamined As I understand it, the 500 coins/block was a bug and did not match the original published parameters. Unlike when this happened with Bitcoin, the developer of Dash just let the instaminers (including himself) who got the extra "bug" coins to keep them, but fixed the bug to cut the rewards back for others going forward. There were other cuts to the supply and rewards, I think, but its hard to collect all the relevant information (why would that be?), so I'm not 100% sure. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: iCEBREAKER on May 01, 2015, 02:00:52 AM 1) Dash's developer, Evan Duffield, released Dash before it's intended release date(Which means the instamine could also be partly counted as a premine) Exactly. The coins which were mined previous to the announced release date are obviously premined, whether or not they were included in the genesis block. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: — on May 01, 2015, 07:38:35 AM If the coins have been mined before release date then the whole landscape changes. It is a clear case of premind not instamined. In that case coinmarketcap has to respond as well and make the necessary changes.
But did he not claim no premine? I need to get organized. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: BagHolder010 on May 01, 2015, 07:48:16 AM Monero trolls and developer's at it again; go work you lazy people. If u can not compete with Evan coding skills because you are a no good developer who is a cry baby then why don't you step down from Monero and let other's take over and actually starting working. Just look at what Evan's did and what Monero is! are you done copying other coins cm'on u even copied a GUI WALLET how bad can you be!
Monero trolls and their developer team you can create hate threads towards Evan and DASH everyday it won't matter Masternodes are going up and people would invest in innovation not into a no good developer team. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 01, 2015, 08:03:37 AM If u can not compete with Evan coding skills If coding skills are all that matter, why do you even care about this thread? Maybe you should just ignore it, and let the matter be settled on the basis of coding skills. Or is it that these threads bother you because you realize that coin known to be instamined, with a failed social contract and shady ambush launch by the lead developer can't succeed, so you try to hide that stuff, and it pisses you off that we keep talking about it? Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: toknormal on May 01, 2015, 08:06:47 AM ... can't succeed LoL ! You wish. I think your newfound buzzword "social contract"'s got you a bit over excited. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Snail2 on May 01, 2015, 08:34:26 AM Old news. Everybody here are aware (or should be aware) of the bumpy beginning, but who cares after this (relative) long time? DASH seems to be a good "niche" coin by now, ppl can make some profit on mining or trading it, so I doubt that anyone will give a damn about what happened more than a year ago.
Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 01, 2015, 09:05:39 AM ... can't succeed LoL ! You wish. I think your newfound buzzword "social contract"'s got you a bit over excited. Really now. It seems the concept of social contract has been well known in the Monero community for some time 3. This causes no permanent change so it has less "social contract" issues. Once the end of the flattening period is reached everything is just exactly as it always was. This is probably the positive action that can be taken with the least reputation harm. Not zero necessarily, but everything else is worse. I'm still undecided on whether anything should be changed. In the end of course we decided to honor the social contract and not slow down emissions, unlike Dash. It was never even under consideration to do a blatant money grab for early adopters by slashing the money supply. That's obscene. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: GTO911 on May 01, 2015, 09:32:15 AM I bet Evan sees these kind of threads and thinks, damn these guys are denting my master get super rich quick plans. Dash shills have nothing but to attack Monero to justify this scam
Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: BagHolder010 on May 01, 2015, 11:26:16 AM I bet Evan sees these kind of threads and thinks, damn these guys are denting my master get super rich quick plans. Dash shills have nothing but to attack Monero to justify this scam I doubt Evan even care's to replay he's busy working you know more less talk more action? but I guess u and ur dev's don't get that since nothing to copy cat from for now. And lol at Dash attacking Monero when every day for the past two months Monero trolls create a whole thread with same ppl with new accounts popping up typing the same thing over and over again where is ur logic? stop you're toxic ways and start adding something positive to crypto for ONCE or you can continue copying other coins and HOPE that people buy you're most beloved coin. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: solid12345 on May 01, 2015, 02:21:36 PM I bet Evan sees these kind of threads and thinks, damn these guys are denting my master get super rich quick plans. Dash shills have nothing but to attack Monero to justify this scam Heh and then there is some of us who thinks both Evan AND the Monero guys are shady. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: GTO911 on May 01, 2015, 02:36:45 PM I bet Evan sees these kind of threads and thinks, damn these guys are denting my master get super rich quick plans. Dash shills have nothing but to attack Monero to justify this scam Heh and then there is some of us who thinks both Evan AND the Monero guys are shady. I think satoshi is shady too Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 01, 2015, 05:59:54 PM ... can't succeed LoL ! You wish. I think your newfound buzzword "social contract"'s got you a bit over excited. When/If crypto gets regulated currencies like Dash would obviously not suceed anywhere. Scams like what happened with Dash dont usually work well with the average person adoption. Then to make things even worse, there's still an address with inputs connected to the original instamine, and that address currently owns 11% of all Dash in existence: https://chainz.cryptoid.info/dash/wallet.dws?559582.htm. So now we can undeniably say that Dash/Darkcoin's distribution after the instamine is horrible. Dash is simply a scam, the evidence is absolutely overwhelming. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: PoS on May 01, 2015, 06:56:37 PM ... can't succeed LoL ! You wish. I think your newfound buzzword "social contract"'s got you a bit over excited. When/If crypto gets regulated currencies like Dash would obviously not suceed anywhere. Scams like what happened with Dash dont usually work well with the average person adoption. Then to make things even worse, there's still an address with inputs connected to the original instamine, and that address currently owns 11% of all Dash in existence: https://chainz.cryptoid.info/dash/wallet.dws?559582.htm. So now we can undeniably say that Dash/Darkcoin's distribution after the instamine is horrible. Dash is simply a scam, the evidence is absolutely overwhelming. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: BagHolder010 on May 01, 2015, 07:50:01 PM Great volume today for Monero
14 Monero $ 3,706,636 $ 0.499220 7,424,855 XMR $ 14,325 -3.19 % Seems like Monero developers really working hard...NOT cry"p"to forums perhaps more since that's all what they can do? Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: iCEBREAKER on May 01, 2015, 07:54:44 PM Monero What does that have to do with the OP? Plz stay on the topic of "Dash's Instamined/Partly Premined Beginnings" or GTFO. Thx. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: toknormal on May 01, 2015, 10:32:42 PM In the end of course we decided to honor the social contract and not slow down emissions Thats nice of you, but I can get what you're selling at any emission rate I like over here (https://www.sage.co.uk). (And it even shows who paid me ;) ) Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: coins101 on May 01, 2015, 11:33:09 PM lol.
Didn't like the truth about the Proven Monero Scam being in an un-moderated thread, so moves to self-moderated thread. https://bitcointalk.org/index.php?topic=1034864.msg11256729#msg11256729 lol Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 01, 2015, 11:40:10 PM so moves to self-moderated thread. https://bitcointalk.org/index.php?topic=1034864.msg11256729#msg11256729 coins101 lying again, the thing he does best. Let's take a look and see if that that thread has a self moderated tag: https://i.imgur.com/YWDUA6x.png Nope, it doesn't. "Facts? Truth? Who needs them?" -- paraphrasing coins101 Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: coins101 on May 01, 2015, 11:46:42 PM so moves to self-moderated thread. https://bitcointalk.org/index.php?topic=1034864.msg11256729#msg11256729 coins101 lying again, the thing he does best. Let's take a look and see if that that thread has a self moderated tag: https://i.imgur.com/YWDUA6x.png Nope, it doesn't. "Facts? Truth? Who needs them?" -- paraphrasing coins101 lol No, You led Smooth & the gang to this self-moderated thread. The Truth? You can't handle the truth. lol Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 01, 2015, 11:54:43 PM I'm obsessed with Monero and spam off-topic about it constantly on threads about Dash Let's try to get back on topic Quote Dash -7.05% Maybe people are finally waking up to this massive pre/insta-mine scam and huge rip off. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: toknormal on May 02, 2015, 12:25:53 AM Maybe people are finally waking up to this massive pre/insta-mine scam and huge rip off. And maybe you're in your pyjamas by now hoping so. Been a long day. There's always tomorrow. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 02, 2015, 04:48:01 PM so moves to self-moderated thread. https://bitcointalk.org/index.php?topic=1034864.msg11256729#msg11256729 coins101 lying again, the thing he does best. Let's take a look and see if that that thread has a self moderated tag: https://i.imgur.com/YWDUA6x.png Nope, it doesn't. "Facts? Truth? Who needs them?" -- paraphrasing coins101 lol No, You led Smooth & the gang to this self-moderated thread. The Truth? You can't handle the truth. lol I made it moderated to stop off-topic discussion. So far I have deleted 0 posts and you can get a moderator to confirm. In other threads similar, you and your trolling gang spam the thread with off-topic/irrelevant posts. A good question to ask you now, is that since we now know that someone(otoh?) owns 11% of Dash/Darkcoins coin supply, and has inputs dating back from the original Dash/Darkcoin instamine scam, how do you feel about that? It's also odd to note that in the Dash main thread, Otoh claimed this address( https://chainz.cryptoid.info/dash/wallet.dws?559582.htm) was his and said he made it "as obvious as possible", yet when I did multiple searches with this address to find any connections to it and him, I found 0. So it's either that address that owns 11% of the Dash coin supply is not owned by Otoh and he's trying to cover it up, he mistyped somehow, or he's plain out lying for some other reason. Lovely distribution btw /s. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: illodin on May 02, 2015, 10:01:01 PM A good question to ask you now, is that since we now know that someone(otoh?) owns 11% of Dash/Darkcoins coin supply, and has inputs dating back from the original Dash/Darkcoin instamine scam, how do you feel about that? So he has bought coins from someone who mined on the first day(s)? Must be scam.. ::) It's also odd to note that in the Dash main thread, Otoh claimed this address( https://chainz.cryptoid.info/dash/wallet.dws?559582.htm) was his and said he made it "as obvious as possible", yet when I did multiple searches with this address to find any connections to it and him, I found 0. So it's either that address that owns 11% of the Dash coin supply is not owned by Otoh and he's trying to cover it up, he mistyped somehow, or he's plain out lying for some other reason. Lovely distribution btw /s. Every other coin's thread is cheering when someone is dumping because coins are getting into "strong hands". And now that DASH has a strong hand, it's a scam? Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 02, 2015, 10:13:25 PM A good question to ask you now, is that since we now know that someone(otoh?) owns 11% of Dash/Darkcoins coin supply, and has inputs dating back from the original Dash/Darkcoin instamine scam, how do you feel about that? So he has bought coins from someone who mined on the first day(s)? Must be scam.. ::) At best, it is quite different from story about the coins being "well distributed in the market" that is frequently told. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: Prosperityforall on May 02, 2015, 10:19:31 PM A good question to ask you now, is that since we now know that someone(otoh?) owns 11% of Dash/Darkcoins coin supply, and has inputs dating back from the original Dash/Darkcoin instamine scam, how do you feel about that? So he has bought coins from someone who mined on the first day(s)? Must be scam.. ::) It's also odd to note that in the Dash main thread, Otoh claimed this address( https://chainz.cryptoid.info/dash/wallet.dws?559582.htm) was his and said he made it "as obvious as possible", yet when I did multiple searches with this address to find any connections to it and him, I found 0. So it's either that address that owns 11% of the Dash coin supply is not owned by Otoh and he's trying to cover it up, he mistyped somehow, or he's plain out lying for some other reason. Lovely distribution btw /s. Every other coin's thread is cheering when someone is dumping because coins are getting into "strong hands". And now that DASH has a strong hand, it's a scam? Really? Otoh said that he didn't start buying until "long after" the instamine has occured. But, you're now saying that he bought coins from someone who mined on the first day? Are you implying that Otoh bought relatively quickly after the instamine occured(Maybe even during the instamine) ? Either way, the stories don't add up as what Otoh said goes directly against what's shown(or not shown) when I searched for any connections between the address and him previously. It might all be a mistyping on his part, but fishy nonetheless. Title: Re: Dash's Instamined/Partly Premined Beginnings Post by: smooth on May 02, 2015, 11:45:03 PM I'm also wondering about what's really the goal of the masternode voting that seems to be the big Dash initiative now.
Since Otoh alone owns around 28% of the masternodes, which were either directly instamined or purchased directly from an instaminer, he alone has about 40% of the voting power according to http://en.wikipedia.org/wiki/Shapley%2dShubik_power_index When we add the likely holdings of Evan and other insiders it looks like the voting concept is just a sham to whitewash the centralized control of a few people over the whole scheme. |
