Bitcoin Forum

So after starting a thread looking at the merits of x11 over existing algos and not getting even 1 ....yes not even 1 clearly verified advantage the thread seemed to become infested with dark coin destroyers.



They were seemingly so upset that x11 had no reason to really exist, and all the marketing hype was actually based upon NOTHING, that they started turning on the first coin to use this chained algo and bringing up all kinds of facts i had missed. The most upset was user TAOWAY whom felt the urge to highlight the most disturbing parts of this potential scam coin...



The most distrubing of those were these 2 points. - Full credit goes to user TAOWAY for bringing these points to my attention.


1. Dark coin (called some other name back then) was launched  and the BLOCK EXPLORER shows a HUGE amount of blocks being instamined almost.....well INSTANTLY.

2. Dark coin bolstered their instamine by starting WITHOUT A WINDOWS QT ( THANKS FOR BRINGING THIS TO MY ATTENTION)

also pay particular attention to page 5 on the original thread.... for someone that does not premine....had 5k to give away as if it was nothing quite fast as the person does comment on :)


was the retarget every block at the start or was it more instamine scam friendly back then?



Let's discuss these points and examine them to find the truth.

We are only interested in the truth regarding these points, anything not related to the truth about them will be deleted. We must not be sidetracked from the search for the truth.

If you have a factual piece of evidence to back up or dismiss these two points feel free to post it. Opinion not accompanied by some kind of evidence will have to be deleted in the interest of keeping this thread on track.

NOTHING will be deleted if it is related to these two points or regarding darkcoins scam/non scam case as long as you have some evidence to back it up.

A persons agenda means nothing. If you are a lover or a hater feel free to post but have some evidence pertaining to drk coin and only darkcoin. The truth only must be posted.

Posting cryptohunter has an agenda to crash dark coin or boost x coin will be deleted..... even if this is true it does not matter because we can only deal in the truth here. If my agenda is to highlight a scam, then that is my agenda. If your agenda is to defend a coin and present it as not a scam that is fine too, just have some evidence to back it up and present your case in a reasonable manner.


So the truth please regarding the darkcoin instamine with evidence??..... anything else gets deleted since the topic will be derailed.



----------------------------------------------------------------------------------------------------------------------------------------

more detailed look updated

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
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
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
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
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
Illodin, understand dev has instamined alot of coin.

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.


SCAM = unfair and dishonest scheme = dash

------------------------------------------------------------------------------------------------------------------

comment from one of the xcoin/darkcoin/dash devs posted on this thread page 4

Quote from: InternetApe on 06-04-2014, 20:48:04

Was there some instamine? "I" wouldnt call it instamine where the developers got all the coins as in a premine, but there was a good amount that was mines in the first 24-48 hours. I my self as one of the developers I mines ~120k DRK. and realized this could be a problem in the futures and gave away around 50k to get people interested.

Yes, there was an issue that the blocks stayed at 500DRK vs going down and that was promptly fixed. So yes there was the ability for people that got in at the launch that was able to get a larger share of the coins, but we felt that this was a better idea then to allow premining, where the devs get ALL the coins. I myself started up 100 amazon ec2 hosts to mine. But there were alot of others that did the same.

Windows wallet? NO there was no windows wallet at the very beginning, but according to our research most of the miners especially at the beginning used linux anyways, Shortly after we found someone to get the windows wallet built, and even paid they to get my computer setup to build the windows wallets, as we are primarily linux based programmers. We also around that time found someone to get the MAC wallet built.

 While I agree things could have been better at the beginning to limit the coins I dont think you can group this coin with the other coins that were OBVIOUSLY were built just to pump and dump and leave. I hope you, and others, can see that this was not designed to be a scam, we just wanted to build something that others have not and keep putting new features into this coin and eventually opensource the code so others can build upon it a well.

 We have a great community following darkcoin and they have helped greatly in getting new features into the coin and point out problems. There are several people following that at the beginning were asking questions and brining up the same issues you have and now are happy with what we have been trying to do and now greatly support the coin. As we hope you and others can too.

 I have tried to address the concerns you you have brought up and I hope this helps, other wise im sure you will just delete this response too..

---------------------------------------------------------------------------------------------------------------------------

Don't forget about the GPU miner debacle. The block reward was decreasing as the diff increased but the algo was made with CPU in mind so when the GPU miner appeared diff increased considerably and block reward decreased. That, after everybody was told it's CPU only and no GPU miner was released to the community. They did change the algo but the whole story did look a bit suspicious.

StackCoin was a scam.  This MAY be a instamine, but not scam.

for everyone that does not know: it was called xcoin.

bump.


i like to find out all the nasty details on every coin : )

bitcoin was instamined too stop the butthurt about instamine

bad launch time plus ninja launch is far worse than any instamined coin with ANN

The more a coin is controversial, the more peoples speak around, the more you're increasing it popularity.
If you're against this coin just don't create a topic about it, you're making it stronger.

it did have a 5am GMT launch

Well instamine is a broad word, he is saying that in darks case it was almost instantly

yeah i know, and darkcoin was bad for that not for the instamine

talking about instamine, if there is an ANN instamine can't hurt, because everyone will be there regardless, therefore with instamine or not, there will be the same distribution with just more coin for everyone


it doesn't matter, if the coin had not been launched at such bad time(5 am gmt LOL)

Hey Magnet, glad you've shown up.

MaGnet to those that are new is one of the largest promoters of the BIGGEST scam from the last wave that burned many people. Now him and the VERY SAME PERSON who were pals and prime supporters of Pheonixcoin scam have teamed up behind another great scam coin HIROCOIN.  AMPH the poster above is hinting that HIROCOIN is a scam which of course it was being ninja launched at 7am euro time when europe and the US were mostly all sleeping. By the time the board caught on to the launch the block explorer confirms the huge instamine had already taken place.

However rather than learning about becoming involved with scam coins and sticking to clean coins MaGnet and his best pal from Pheonix coin have teamed up again to promote this scam. MaGnet is a big coin whale who is one of the most dangerous people on this board. HOwever after a scam always comes out crying he lost BTC.

The main ringleader of the pheonix coin scam that took everyones money was buddies with MaGnet until he even out scammed MaGnet himself.

The funny part is although this person robbed a lot of people on this board by closing his exchange and keeping the coins MaGnet knows who exactly he is but the main ringleader threatened to reveal a lot of dirty shit on MaGnet that the board would find very interesting so MaGnet decided not to reveal this persons identify for fear that we would all find more dirt on him

Now thanks for entering HIRO scam coin into this discussion but although that is a just as big a scam if not worse that darkcoin this is about darkcoin. You need to keep your discussion to the topic .... However don't feel left out, i can start a Hirccoin scam thread too in a bit if you like :)  Again only the truth must be told or you just get deleted.  Anyone complaining about getting deleted then just keep to the topic and tell the truth that you can back up with some evidence. Can't be more simple could it?

LOL what a strange idea?? i don't care if the dev and his pals can take an extreme cut of the coins ?? are you for real ? Let's me serious on this thread a coin pretending to be fair with no premine taking a huge instamine is not okay. If it is okay for dark to release with instamining super powers then all coins should be allowed.... do you want all coins released without a windows QT and the devs hitting the super instamine button?

Instamines especially those that make sure there is little competition from miners by releasing without a windows qt are possibly WORSE than premines of a similar size.  Yes you can instamine a huge % of the coin in a VERY short period of time with no other competition around. It is worse than premine because not only do you take a huge % of the coins which is the same as a premine, you also take all of the easy coins at the start from miners so it is a double whammy for miners.

Yes you need to stay on topic and provide evidence ....

we hate cryptohunter for raising these factual points - he's this, he's that is not helping us get to the truth of the matter.

He could be a paid agent, a shill, to ride his train here.
By people who have a vital interest in staying with the Scrypt algo.
Or he has a vital interest himself.

I found names like "ASIC MOB", or ASIC MAFIA", but in the meantime I think it's better to stay with neutral terms.
Let's just call them the "SCRYPT LOBBY".

Why would anybody try to build a front against breaking software developments?

There's just the thin argument, that it was instamined.

Well, Bitcoin was instamined a lot.
Who's talking about that?
To who's favor was it?

How about some evidence, instead of rhetorical thread titles and more tabloid propaganda.

When you want to talk about truth, you don' make self moderated topics :)

Oh so the plot thickens now.... it launched at 5am gmt too, and amph a dark supporter admits that's not an idea time for Europe and US. Well i had not mentioned that on this thread regarding darkcoin yet.

Come on amph please be more serious.... you have to realise that launching a coin with ideal instamin params like drk had and confirmed by the block explorer WITH A COMPILED WINDOWS QT is a SCAM. It is equally as bad as having a huge premine. There is really no difference and actually it is worse because the dev gets a HUGE % of the coins, and also takes all the EASY coins away from miners.

A big instamine is worse than a big premine it is a double whammy to the miners

this guy is a total moron please see the x11 thread to see what he is moaning on about .... some moronic time travelling logic see page 10 or something to try and work out what he is talking about.

you couldn't be further from the truth.

If you don't want to have the truth buried under tons of irrelevant junk then you sadly have to do this.

Again as if anyone can show i have deleted something relevent to the topic that had some evidence to back it up then make another thread and quote it.

Theses other posters are simply  not sticking to the rules of the thread are they.  The rules are fair, i have to stick by them so does everyone else.

can someone go to his thread and then explain to me what this moron is trying to say, i have looked at his crazy mumblings but can make no sense of it.

this is because it was combined with a bad launch time, if the launch time was actually fair(like 17 gmt) everyone would have mined it, and if everyone can mine it at launch i really don't see a problem with instamine

As stated in my post and i'm sure you understand my agenda is not important to the discussion regarding the truth to whether or not dark coin was a planned and executed huge instamined scam.

Sure okay i love asics, i want to crash darkcoin, i love scyptN i'm evil- none of this matters at all to the discussion. The truth of the dark coin instamine can not be altered by a persons agenda. The truth is the truth.

You've raised you off topic point now, it's done.

Now if you want to comment on the darkcoin instamine with no windows QT then feel free. However if you insist of going off topic you have to be deleted.

So let me get a clear statement from you ... just yes or no is okay.

IS IT OKAY FOR DEVS TO INSTAMINE THEIR COIN WITH NO COMPETITION FROM WINDOWS MINERS BECAUSE THEY DO NOT RELEASE A WINDOWS QT?   YES OR NO?  IT REALLY IS THAT SIMPLE TO ANSWER.

NO

hehe you get more funny.... the truth regarding the points made in the OP is all we want to hear about ?

the truth about the weight of elephants, the age of the earth, the probability the sun with rise in the east tomorrow, whether cryptohunter has an agenda is not important to the truth. The truth regarding the points in the OP will remain the truth regardless of those other things. If you have some evidence to show dark coin was not instamined without releasing a windows QT at launch provide it.

Let's wait and see what you come up with.

You weird and strange logic regarding i knew dark coin had another name before you posted to me it had another name has no bearing on the OP at all. Look i'll make it easier for you i have an agenda, i have always had an agenda i will continue to have an agenda to highlight darkcoin is a scam.... the evidence supports this. Nothing you can say can change the truth.

I fully agree with you that NO it is not okay for a dev to instamine their own coin with no competition from windows users that they cut out by launching without a windows QT.

After going back and reading the dark coin launch thread over again is so obviously a planned and perfectly executed instamine.

I would like to listen to cryptohunter, as he appears very knowledgeable and informed except:

He makes a thread bashing x-11 saying how quark is awesome?  Why?  He could have just bashed x-11 without talking about quark.
Now he is accusing darkcoin of being a scam, and then throws in hiro coin to top it off?
There are what 9 billion scamcoins he could be warning us about, instead he chooses a coin that appears well developed and an algortihim which is saving us money on electric bills, and allowing gpus to run at lower temps?
Sure, there is all these conspiracies about x-11 asics, but guess what there is scrypt asics already so... conspiracy vs reality, which is a bigger issue?

What would you like us to mine cryptohunter?  Quark and make nothing? Scam scrypt-n coins?  

Side note: I have never downloaded a linux wallet and all my miners (except for dicking around on an old laptop) are on xubuntu.  I just make a windows wallet on a different computer (no need for solomining dark coin, theynot one of those super scam coins without a pool.)   
 

I have no care what you mine, actually i was counting my wallets the other day and i realise since i have been mining i have chunks of over 120 coins... so really i don't mind what you mine make your own choices. However don't support scams if you can help it.  Yes, don't mine qrk  i guess you need to find the most profitable coin and mine that ...make sure the dev is not scamming you though. Seems a good idea right?

However let's get back on topic ....i have to really start deleting anything that is not about the points in the OP we are are here to discuss the points in the OP regarding whether or not they happened. Anything else has to be deleted since we are already going off topic here.

Report him, he's abusing this forum.

instamine is ok as long as there is competition, and not just one person doing it

so the answer is no obv

LOL  that's the very point, instamine where devs hit the instamine button right after launch on a normal launch is bad enough because everyone else is downloading, virus scanning , conf file, bat file  ... by the time they have finished they devs have scooped up a huge amount of the loot. You know this for sure because you are always early on the chains i see you on nearly every launch complaining about KGW because you want a crack at instamining yourself. Which is fine since everyone else will have the same chance as you.

However dark coin dev went a step further, he decided to stop a HUGE amount of people mining at launch by deciding to launch without a windows QT ?

SO AGAIN

IS IT OKAY FOR A DEV TO LAUNCH A COIN AND START INSTAMINING IT HIMSELF AND NOT RELEASE A WINDOWS QT FOR THE MAJORITY OF USERS TO BE ABLE TO MINE? YES OR NO?

Please, give some argument with a bit more sense... stop complaining about bad launch time... I'm in eurozone and only can say to you: "The early bird catches the worms"
I'm sure you are suffering cause you lost this train "hiro", don't worry and don't be so greed, others caught it and have the same right as you to make some money like you with other scamcoins.
Admit too that every new coin which is a clone of bitcoin is a scam, only are usefull for make money to geeks with gpu farms, Am I wrong? We are losing the norht... instead of find a way for make cryptos usefull and improve their scpecifications we are only trying to make some bucks selling shit...

In conclusion, if someone think darkcoin, hirocoin or any symilar coin with the "super innovative" ::) x11 algo is usefull should buy them independent of how instamined they were, a world with money can't even be close to perfection or fairness, if everyone have the same ammount of money no one will do anything for other, and if someone starts to do it, he will become more rich and say goodbye to equity again :)

About Darkcoin, I know it was instamined of course, same as hiro "and I own 20k hiro cause it was instamined hehe... and I don't really care about" I don't think they have any advantage over bitcoin or litecoin, so in my opinion, I don't see any reason for invest in them, "I'm mining them because spend less light and make less noise  :P "
IMHO the future is in the second gen coins not based on bitcoin, which do the same as bitcoin, better and with more features. I invested in them independent if they were "premined" or not, they are another mechanism, so I don't like to compare the distribution ways, I give money to the developer instead to the light company or to AMD.

Blackcoin (bc) is started at 06:00 eu time...its another SCAM coin???! ::)

Of course, like every new alt without any innovation, is only a novacoin in POS phase

he he yes report me for deleting off topic crazy posts with no logic and nothing to do with what the thread is about.

Go see what he is running on about in page 10 of the x11 thread.

Some nonsense which has nothing to do with this thread and is completely stupid ...something like i was prentending i didn't know that dark coin was called something else.

He is wrong of course i was sure it was called something else first. What he does not understand is that before he brought it to my attention i had not realised that darkcoin instamined (because i did not remember what the first name was and probably never revisited that old thread after i left it ) and then darkcoin went futher than most instaminers by not releasing and windows QT also so ensuring the instamine had great success because he had a LOT less mining competition.

So yes, i was sure it had another name, but had not realised it was one of the ton of coins i had once already called a scam before for launching without a windows wallet.  Taoway is really confused over nothing.

That of course makes no difference at all to the facts we are talking about now. Yes i had called xcoin a scam when it went ahead without a windows qt, now i am calling dark coin a scam because they are the same coin.

TAOWAY has some kind of crazy issues ... who knows what he hopes to achieve by constantly spamming this on the thread. Go and read page 10 if you wish to read what he is trying to say because i have no idea what other than i have already posted he is trying to say.  He is either a dark coin hater and trying to bump and bump this thread with comments that make no sense and that i have posted you can read on page 10 of the x11 thread or he is just crazy. Who can say.

You are new so you get one more chance to post things of worth and on topic.

1 we are discussing drk coin  

2 there is no mention of time of release in the OP so why are you bringing that up? Yes a ninja released at a time when most of US and Europe are sleeping has obvious intentions.... but with an announced coin then people at least have the option to stay up and mine if they like.....  however if you stay up and then there is no windows qt....LOL you can't mine can you?

Start your own is black coin a scam if you wish to get some feedback on that coin.

Although i think it  was released with a windows QT so 80%+ more of the board got to mine than with dark coin, which is a significant amount.


Please keep your comments on topic.  If not start a blackcoin thread that is fine with me. That looks to be WAY more fair but if you can prove otherwise go for it.

Still going on about this? I'll give you one reason, which is what the dev has explicitly stated. The new algo was created to allow a decentralized distribution in the same manner as bitcoin, i.e cpu miners first, followed by GPU, and then eventually ASIC. If the dev had just used SHA256 from the start, only ASIC miners would be able to mine the coin. A new algo was required.

sure, thanks for the information....however

please put this in the x11 thread. This thread is not examining x11, this thread is examining the 2 points in the OP.

Come on stick to the topic, if you want to discuss x11 again go to the x11 thread.

anonuser777 insists about taking about x11 and asics to derail this thread.... this is investigating the instamine scam of darkcoin not the seperate investigation of whether x11 is pure marketing bullshit with no real world advantages over previous chained algos.

thanks for trying to be helpful but post that stuff in the x11 thread.

i'm with you in this, no complain here and answer is no

qt should always be released for everyone with a pass protection

Ok, fine, I'll try to keep within the extremely narrow bounds of your thread, despite the false info in your OP.

If this is a scam, would you care to put some numbers on the amount of instamined blocks? What percentage of the total number of coins in existence are we looking at? Has the dev effectively instamined 1% of all coins or 0.001%? If it's not much then it's not really worth arguing about. Why not also go the the BTC forum and complain about Satoshi's instamining? Most people agree that Satoshi deserves some financial reward for his efforts, so why not eduffield too. Without knowing how much the dev allegedly instamined we have no way of evaluating if this is a fair reward or not.

i agree with this, i'm only here to make money, never stated otherwise in my post ever

and i don't fucking care about the coin itself lol or what algo they use, even the one who fight against scammer are here to scam, the world itself is a fucking scamcage, they should rename this section "Alternative Scamcoin" like i said months ago in one of my post(and i still remember it clearly)...

but there is one coin that i actualy like, huntercoin, i like it because promote gaming through mining, and gaming is one of my passions in my life

Fine, once known that "although in my opinion second gen coins worth a look for something more than make quick bucks" I ask you to allow the rest of miners dump their shit and don't make bad publicity of the scamtrains you didn't caught ;)

Let's not derail it into BTC thread. If you want to derail it to being about btc create your own thread. Now to the point of the % of instamine. This is of course VERY important. I will not mention a number that i suspect since i am the OP and will be called bias. I invite others to examine the block explorer and speculate with evidence how great you feel the devs instamine was. There is no doubt that he instamined but how much??  I have seen figures of 1%-14% mentioned but everyone one should examine the time stamp of release and compare to the block explorer.  How soon after the actual release was someone on the chain and how much was mined before a windows QT was released. Bare in mind up until that oint a VERY high % of the board were excluded.

So let's have some answers here what is the min he could have instamined and the max he could have instamined. OF course a non scam coin would not give any opportunity for instamine by its own dev, simply for this very reason. It is sneaky and hard to tell how much they grab. Why not do a fair premine of 1% and be honest with a public wallet etc....

Instamine by the dev on any coin is double damage to miners for the reasons i have already mentioned. That's a normal instamine like not giving password protected zips so everyone has to spend at least 5 mins downloading virus scanning con,f sync, bat, run....   so a in 5 mins a dev can mine up 100's and 100's and 100's of blocks....then sure they can mine still whilst people gradually come on to the chain and they can continue to mine.
That's a normal instamine.... where the full board can reach the chain in 5 mins.

Now imagine and instamine where windows qt people are not allowed to mine for ..... well how long was it ?

The instamine max could have been gigantic.

Yes the dev should have some coins, but how much should they have and how should they take them? Not like this that is for sure that is a drk tactic.  If you are going to instamine why not premine so everyone can see how much is taken?

Why don't people look into this themselves by looking at the block explorer... how long after announce does the chain get hit..... how much does that person take... hell what % does the first few people take... i mean with no windows QT they were killing that chain.  The wallet distribution today means nothing, anyone can move coins around. Study the block explorer from launch.

Well how many other people besides satoshi knew about bitcoin? It take a while for bitcoin to gain traction, so yes assume for the first year or so I assume that difficult was very low. Not like today where there i brhrving community if crypto currency enthusiasts and miners.

Darkcoin was first known as Xcoin.
But then with a relaunch Xcoin was changed to Darkcoin.

But as Xcoin was thought to be instamined and a scam , so no one thought of even mining Darkcoin . Only a bunch of miners mined it at the time of launch . And it's launch was well pre-announced .

Previous thread https://bitcointalk.org/index.php?topic=384582.100 (https://bitcointalk.org/index.php?topic=384582.100)

Current thread https://bitcointalk.org/index.php?topic=421615.0 (https://bitcointalk.org/index.php?topic=421615.0)

I had a quick look into the numbers. I think it could be quite a lot, perhaps "huge" isn't an overstatement. One of the issues is that initially the difficulty retarget was set to 1 day, rather than 1 hour as intended. Also, there was a bug in the block rewards which meant they reset to max (500). It was fixed by block 4500. Overall, a hell of a lot of coins were mined in the first 24 hrs.

Well, thanks for the honest feedback regarding this. The block explorer.... what a lovely tool. I wonder what we will do without it once things eventually go dark on us.

 It seems even more worrying now. I mean if the diff somehow got stuck a super low rate for hours on end and not many of us were allowed to mine it then the HUGE instamine that was brought to my attention gains credibility. Luckily later they fixed it so not everyone could get those low diff coins ....only them.

I hope people are paying attention to this evidence. It is becoming almost to obvious to ignore any further.

TAOWAY  you may have just caused us to stumble upon one of the largest instamine scams that has ever taken place??  If people cry about a 2% premine i have a feeling that when the truth comes out about this instamine those same people should be screaming..... I wonder if the fact they have a few drk crumbs will make them scream less than they should?

Most of the bigger coins such as Bitcoin, Litecoin, Vertcoin, & NXT all have whales that own large percentage of coin count and manipulate the market to not let price fall below a certain point.  No matter how the distribution phase goes, the whales are going to show up and take over.  Darkcoin is roughly the exact same as Litecoin in terms of distribution amongst whales that can implode the market at any time if they so choose.

Bitcoin can be imploded to nothing by the Mark Karpeles "fund" (TM).  Litecoin and Darkcoin can both be imploded by 2 wallets unloading everything.  NXT can be imploded by the wind blowing the wrong direction.

The biggest VTC wallet wasn't even close to as big as the other coins last time I looked, but unloading 50-100k coins is still going to cause some problems.

When I say "imploded", I don't really mean killing the coin, but the price instantly dropping to 1/4 to 1/2 and taking a month to recover to between 50-75% original value isn't fun.

The negative whale factor can also be a positive since they tend to prop the price up to protect their investments.

I have to agree 100% as well.
I reviewed the code & their so called version 10, is in fact still 0.8.6 codebase. I asked them so many times, never gave any straight answer.

I suggest all users to wait till they release their so called Version 99,100 etc.
What a bullshit, telling users they are "version 10".

I want to see what Dark Coin dev has to say?



At least new X11 based coins like Virtual Coin are upfront & honest, it is better to support development of coins which shares source before launch.

hi,

well you have to understand 1 thing if a whale wants to come in and fairly buy and by fair i mean buy at the market rate, fairly mine on fair terms like everyone has a chance to mine at the same time on the same diff... and get a large amount of the minting this is entirely different to just taking a HUGE amount of the minting by stealthy tactics and forced instamine.

Let's not get side tracked by current wallet distribution anyone can switch coins from wallet to wallet. Let's not bring other coins into this either. If you consider those coins to be scams please start your own thread.

We are focusing on the 2 main points in the OP else we will just go of on tangents about other things.

Rich people can wade in and buy up things anywhere in life. Is it fair? well that's a different debate.

Let's keep on track here. Sure whales in all things in life hog up stuff but that is a subject for another thread feel free to create one i will pop over and agree with you.

I'll break it down for you fellas.

Here are some 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!

Is it real ? Do you have proof or evidence ?
I have never known about this before, I think it is just X11-NOT-ASIC marketing thing, and DARKSEND-COINJOIN-FACK thing.

The blockchain. http://explorer.darkcoin.io/chain/DarkCoin

that is what i said on the other topic pretty much they released Dark coin and then made endless changes to it afterwards
'and i said clearly that this a classic method of gaining a severe advantage to the coin while being able to get away with anything..

i even seen one guy put a virus in one update and he got away with it.. you have all still been mining his coins ever since
these guys can get away with murder and the idiot fanboys doing their bag holder cheer-leading and all the shell accounts
will drown out anyone that exposed these coins for the frauds they are..

like my comment right here will be buried at lightning speed because of 5 comments in a row insulting me (while ignoring making any response to what is aid specifically)
It's a game..

The silence created by the block explorer observations seem deafening.


Since the thread started it seems new information comes to light?  do you think it is fair to update the OP to include discussion of these new discoveries?.


1. I was not aware the diff was stuck on super low for hours on end... whilst windows miners were shut out :) good job the dev later learned to code DGW and compile windows qt's.

2. I was also not aware the rules on block rewards got changed to lock in super gain from instamining the super easy no competition from windows miners blocks.?

Really? so not only were the blocks coming in at at alarming rate to a very select few people. The blocks were also coming in at super 500 size.  Did someone now mention that the overall minting was also reduced in size to futher weight the coins in the instaminers favour?

I mean this is all new information to me, if i am over stating things let me know. However, it is important to display all the facts right?

But should anyone object to me adding these two extra points in the OP i will refrain from doing so. I mean if they are not facts then i can't go ahead and add them.


Gone a bit quiet in here, i really wanted dark coin supporters or even the dev to pop in and give his side of these seemingly factual accounts. Where are you guys?

Could a scam this massive gone unnoticed until TAOWAY spotted it just yesterday?

sorry rum lazy defending the instamine of this size buy saying you think another coin has done the same is not part of the debate.


1. dark coin either did this as displayed by the block explorer or they did not do it.


It is not important if you believe this kind of super size instamine is okay. Justifying it with  developments. If it is proven the dev holds 10% or even far greater of current minting but goes out of his way to claim no premine. Then it is a scam.

Instamine is a doube whammy to miners. He would have been better to premine 5% of total minting from the start, and allow some other miners to get some easy coin instead of making them work months for some scraps compared to what the instaminers grabbed in minutes.


we are seeking the truth not opinion as to whether it is okay to hog all of the coins because a couple of other coin devs have tried the same thing.

Create a thread about those coins and point out these facts.


Again rum lazy ... you may post be facts only. Now this instamine is tolerable hey??  well you're getting there slowly.  Post with facts, not interested in other coins doing the same thing. Post them in your own thread.

The facts have been known, but drowned in the hype and disgarded as fud. I first read about the instamine weeks ago, but didn't check the block explorer before 26. march and wrote about my findings then. The instamine is 13,8% of total coins, and more then 75% of the coins mined so far can be counted as instamined.

You are not seeking truth, you are seeking to distort the truth, hence why you keep deleting my posts.

I'm not very good at doing investigations through block explorers but I agree if the community as a whole accepts there has been a massive dark coin premine then it could finish it.

If it's true its a pity because dark coin has introduced so much new technology to the alt coin scene. There are loads of other coins copying dark coin features already

Hehe yeah okay... sorry i'm deleting your posts because you are trying to derail the thread. I don't want to hear you think feathercoin is worse. Fine go make a feathercoin comparison elsewhere.

I don't care if you think the huge instamine is justified with some innovation. Actually the instamining innovations were pretty amazing there seems to be several steps to it ... first instamine and then extra innovative steps to ensure that instamine is made even more powerful.

Not derailing at all, the post was very on topic actually, you just disagreed with it so you deleted it.  Anyways, I'm done with this thread, have fun trying to bring down darkcoin.

You're done with it because you know what has been said is true. All that is left is for you to try and justify it.

Sadly you can't justify this...

I'll break it down for you fellas.

Here are some 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!


anyway yes you stayed civil more than most do ....so goodbye and i wish you well.

sorry alexgr or whatever you need to stick to the rules in the OP.

The butthurt didn't miss out on mining because they were not around, they did not miss out because they chose to mine other things. They were held out on purpose.

So i care little about how cheap you can buy them for. People were not given fair opportunity to mine simple as that.

Wow, I just read a great response from someone about early prices of the coin, very detailed and fair, yet see it was deleted. I half expect my post to get deleted now.

If you want to do a self-moderated thread, and do it right, you need to do it like how BCX handled his AUR threads. Allow dissenting opinions, allow people to say what they want, just remove obvious troll posts. Yet you seem to be removing any post you don't agree with, or those that don't fit into your agenda. It makes threads like this worthless.

LOL this thread is not about the early prices of darkcoin, let him make another thread about the early prices if he likes. It has no bearing on the instamine we are discussing.

The thread must not get derailed simple as that.

If you post again make sure you have something factual regarding the points in the OP or make your own thread.

This is how threads get derailed, next we have people arguing why the price went up and down. Is the current price in danger or a massive dump by a single person. This thread is not about these things.

Perhaps take some interest in facts regarding what the thread is about.

I'll break it down for you fellas.

Here are some 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!



then if you then want to discuss the great cheap prices of darkcoins that got dumped early go and make your own thread about it with alexgr.

 At the time when Darkcoin was launched one of the biggest issues was premining, we made sure this was not going to be an issue with this. The launch date was even pushed back one day and people were waiting to start on the origional date, so the one day delay got even more people into the initial launch on the actual launch day.

 As far as the launch TIME, the launch time was 8pm eastern time in the US. But no matter what time the coin was launched someone where in the world it would be a bad time.

 Honestly IF this was designed as a scam coin do you think there would be this much development effort in adding new features and helping to fix problems with others, ie KGW? KGW was completely rewritten and immediately opensourced for anyone to use.

 Typically a scam coin is a pump and dump, and there are MANY coins that are that way.

 I understand the issues that have been brought up and we have had many questions and issues brought up since launch and we have tried to address them as we could. We have made alot of changes to the code to address people issues.

The point he was making was, even if you felt the instamine was unfair, there still was a great opportunity to buy the coins at an insanely cheap price. So in reality, the instamine didn't hurt anyone's chances of getting the coin. To me, that is a valid point, and shouldn't have been deleted. It wasn't derailing the thread at all and was on-topic -- unless you just want threads agreeing with you all the time, that is.

You can say that instamines are unfair, I get that. I won't even disagree, if the dev goes crazy with it. But I think most people in the DRK thread already know about the instamine, so it's not like something new that has just been uncovered. Personally, a small amount of instamine doesn't even bother me, as unlike a lot of people here, I feel a dev should be rewarded for his work. Whether DRK's instamine qualifies as a 'small amount' is certainly up for debate though... I expect it's a bit more than 'small'. I certainly wouldn't call it a scam though.

To all arguing that it was cheap after launch... of course it was cheap it was an instamined coin  who the hell would pay big bucks for something like that?

What a pile of rubbish. You are trying to bring the time thing in again. Yes the time was not the best but since it was announced it does not really go against drk that much.

However to avoid the premine issue....hehe when people were catching on and moaning about 1% 2% premines you decided to be sure to get an even larger % don't you by cutting out windows miners and instamining far far far more than 1% or 2%

This is the most obvious bunch of excuses i ever heard of.

You need to address these FACTS not give excuses...

I'll break it down for you fellas.

Here are some 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!

The point here is the devs did go CRAZY with  the instamine.... i'm talking CRAZY CRAZY  can you not read these facts....

I'll break it down for you fellas.

Here are some 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!

sorry phm, you're out.  discuss only the points in the OP.

what you did personally or say you did means nothing without block explorer proof...

I can say i mined a million LTC sadly when we are discussing serious things you need proof. You probably still hold your bag of coins. We are not interested in your fantasies.

Bring some evidence and stick to the thread.

poornameless me.... sorry we don't want to compare and justify it in terms of what satoshi did.

If you think btc is a scam worse than drk sure make a thread. Don't justify the instamine scam with it here.

wow the desperation.... never have i seen such an effort to detract from the truth.

It has turned into a justification thread....

Anyway unless anyone can prove the dev didn't take a huge instamine bolstered by deliberate lack of windows qt to take out any mining competition..... then change all the params to make it even worse and his instamine all the larger??  then i guess we can just move on to the next scam coin.

Drk coin is an instamined scam it seems....

Perhaps time to let them get on with it. I guess too many honest miners and investors around now to pull it to shreds further.

They can't argue with the facts nor the block explorer.... justification is the next step. I'm not interested in hearing justification for a scam. There can be none.

 Ok well it seems you ARE deleting people posts and their opinions that YOU dont like. IM sure this will be deleted to.

keep to the facts and not trying to justify the reasons you decided to instamine a large % rather than premine.... you'll be fine.

poornamelessme

i am not here to advise people to invest in btc or drk. I am here to discuss the instamine of dark coin.  Any coins distribution can be skewed by whales..... this is not the time to discuss that. We need to keep the thread on target.

that is it period.

As i said if we are done here and there is no argument regarding these facts below

I'll break it down for you fellas.

Here are some 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!


and the fact there was no windows wallet to allow mining by windows users.

If we are all in agreement with this then we can leave drk coin now. I am not here to destroy it. I am hear to get agreement it was a scam from the start.

If you think it is a good investment still that is fine. Who knows.

There seems no arguement back now it is turning into a justification thread.  Time to move on and forget it unless you want to continue to debate it.

Yes there could be worse scams.... feel free to make threads about them.  All scam coins should have the fact they were scams highlighted.... so go ahead pick a coin... see if it was a scam.  If the evidence suggests it was start a thread it's fun to debate these things.

Considering the fact that my posts hardly could be considered trolling, and to me to do seem to be on-topic, perhaps you could at least keep them up so others could consider all viewpoints? Or at least have opinions on which people can discuss?

You are deleting posts in a way too heavy-handed fashion, in my opinion, making this thread close to useless. I was questioning whether the instamine even matters as far as price dumping goes,  and wondering how btc's situation differs. Honestly just wondering how it differs... not using it for justification. I guess there is no point for anyone to post in this thread really. Basically it reads like you want to discuss the instamine so long as whomever posts, posts the same exact same things you do.

dumblazy  stop wasting my time and continually bumping this thread with...

he deleted me because bla bla bla...

Copy and paste your comments else where i will even leave a link in this thread to them so people can see why they got canned.

Look post your questions like this in your own thread. Why are you coming in here asking this.

This is thread is to determine

1. if the instamine happened
2. how big the instamine was
3. the things they deliberately did to ensure instamine success

you questions on price are nothing to do with this.... get to your own thread and ask this stuff.

I offer you the same as rum lazy... make your own thread copy your comments there....i will link to that one time so people can hear your justification for the instamine scam there.

simple.

I'm not hear to discuss risks as an investor... take it else where.

Was there some instamine? "I" wouldnt call it instamine where the developers got all the coins as in a premine, but there was a good amount that was mines in the first 24-48 hours. I my self as one of the developers I mines ~120k DRK. and realized this could be a problem in the futures and gave away around 50k to get people interested.

Yes, there was an issue that the blocks stayed at 500DRK vs going down and that was promptly fixed. So yes there was the ability for people that got in at the launch that was able to get a larger share of the coins, but we felt that this was a better idea then to allow premining, where the devs get ALL the coins. I myself started up 100 amazon ec2 hosts to mine. But there were alot of others that did the same.

Windows wallet? NO there was no windows wallet at the very beginning, but according to our research most of the miners especially at the beginning used linux anyways, Shortly after we found someone to get the windows wallet built, and even paid they to get my computer setup to build the windows wallets, as we are primarily linux based programmers. We also around that time found someone to get the MAC wallet built.

 While I agree things could have been better at the beginning to limit the coins I dont think you can group this coin with the other coins that were OBVIOUSLY were built just to pump and dump and leave. I hope you, and others, can see that this was not designed to be a scam, we just wanted to build something that others have not and keep putting new features into this coin and eventually opensource the code so others can build upon it a well.

 We have a great community following darkcoin and they have helped greatly in getting new features into the coin and point out problems. There are several people following that at the beginning were asking questions and brining up the same issues you have and now are happy with what we have been trying to do and now greatly support the coin. As we hope you and others can too.

 I have tried to address the concerns you you have brought up and I hope this helps, other wise im sure you will just delete this response too..

 The way I looked at it a larger block size at the beginning is the incentive for people to get it at the start. If the block reward we low at the beginning its would be harder to get people to start mining. Miners need a reason to stop mining what ever they were currently mining and move to darkcoin.

 Am I wrong?

Don't insult the intelligence of people on this board with this rubbish.

We want to attract miners lol.... start by providing a windows QT ...you want minerslol  but you don't want them to be able to mine???  It was a scam plain and simple.

How can anyone argue with this - there is no justification for cutting windows users out from this super instamine period. That windows users were cut off from.... please understand the magnitude of this Instamine it is MASSIVE>

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 max coin was changed after a lengthy discussion on the topic and it was the community that decided on that.

I have addressed your issues and all of these have be addressed before by the community.

If you dont like it, i apologize, but you dont seem to want to hear what I am saying as you say it is BS. But the facts are the facts.

This is off topic however one time answer to this ....

But your message is this.... Yes you acknowledge it was an instamine scam excluding deliberately all windows user, but  you don't care about windows users?? so it is okay?

Also did you read this and understand the actual magnitude of this instamine??

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!


That coupled with no windows wallet - there can be NO justification..

Yes now on to the innovation. To me yes it seems they have put in some work and continue to do so. Do they deserve some coins.  Yes. However this does not justify the AMOUNT they have and the way that they took them.

Look are we in agreement these are the facts below.... no windows wallet +

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!


If we agree these are the facts fine let's leave it. At least i see no lies coming from you guys... you admit it was an instamine scam. End of story. There is no justification for this kind of thing.

I am happy to let it drop. There is nothing more to gain. It was a scam start, the distribution was DREADFUL  that is the end of it people should decide if they support it or not now they have the facts.

Constanly trying to justify it on here is not going to change the facts.  

I am ready to move on and forget it. It makes no difference to me the damage is done, they have got away with it it seems. The next coin that tries it we will be ready and stop it before it goes too far.

For this thread to be taken seriously, you should definitely NOT be self moderating it.

Anyone holding any decent amount of drk coins will always vote to decrease the minting because the value of their coins rises. This means nothing regarding the facts here below and no windows wallet on the launch for extra scam.

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!


so long as you are not refuting these facts it's fine, that is all i wanted to establish. There is no reason to justify it. It's enough you admit it.

I'm happy to let it rest now. People will decide on their own to support or not support it.  

I am interested in the truth not in grinding away this axe forever and ever. There are perhaps worse coins out there so let's not get fixated on just one.

The damage is done and past with dark coin nothing can be changed now.

wrong, it just gets spammed with nonsense otherwise..... the facts are clear, if you have any evidence to support or refute the points in the OP post them. Anything else non factual with no evidence just gets removed.

Simple ....

If you want your own thread with different rules make one.

2 persons wasted their entire day arguing. It was funny to watch :P

cryptohunter, those "facts" that you keep repeating in your posts are not "facts" because there is NO PROOF to support them.

You are just copying what another member said in their post!!!!!!!!!!

They are statements until confirmed with HARD EVIDENCE....you are such a drama queen on these forums...

Go on - delete this too so you can fuel your satisfaction for power tripping and drama. Then you can have the entire thread to yourself as you can see, the majority of the reply's are just you and what you agree with

the information here is important, the fact you find it funny that some people just pulled a huge scam on every windows miner that does not compile their own qt is worrying.

learn what a block explorer is and how to use it.... then come back with different results for us to examine.

No, I don't find it funny because I "find it funny that some people just pulled a huge scam on every windows miner that does not compile their own qt"

I find it funny because 2 people wasted 1 entire day arguing. :)

 We NEVER once said we didnt care about Windows! We are not windows developers and asked for help on the windows side, and we did get it and even paid the person to help us get our computer setup to build it.

 Im trying to answer your qustions and concerns but you dont seem to want to read what I am saying and putting your own spin on it!

 Try not being so negative and you wont get negative responses from everyone.

fair enough :)

stop justifying or next time deleted... this does not change these facts that i keep reposting

...you should not have launched until you had a working windows qt if you cared so much.

stop making excuses and justifying things. This thread is not for that. If you wish to make a public apology thread to windows users that's fine go ahead and create one.

This thread is only for providing evidence regarding the points in the OP i can't make it any more simple to understand.

Not for explaining , excusing nor justifying.....

Let it go there is no justification nor excusing. It was a scam. It is done. There is nothing to do about it now.  People need to be more aware on future coins and make sure not to fall for it again.

 I have addressed all of your questions. And no matter what I say it is never going to be good enough for you. Dont know how else to answer you concerns. Your a troll and dont care what people say, you cant accept the truth. I am one of the developers and have TRIED working with you. But obviously you dont care anyway. If you dont like darkcoin dont use it! Period.

Reported to have Cryptohunter's account deleted from the forums.

I suggest everyone does the same.

hehe quick delete cryptohunters account he is daring to highlight our scam LOL


internetape - you have answered NOTHING.

The facts of the scam still stand. You have tried to excuse yourself only - nothing more.

Yeah nice isn't it 500 drk rolling in every few seconds straight after announce with no windows QT. Most people don't have a clue regarding the size of this instamine scam. Oh well at least the information is there now. Although worrying isn't it that something that huge can be so unknown?

A lot of people don't like this info coming out i can tell you. Never seen such an excitable reaction from people.

You can thank TAOWAY for uncovering this, without him it would have slipped my mind that xcoin was now darkcoin and that xcoin launched with no windows QT and the diff got sadly stuck at super low all day allowing instamine by a very select few people to grab 50% of the minting so far in 24 hours .... yummy imagine that little bag of loot.

I don't know why you're acting like this is breaking news.  I (and probably everyone else) knew something was fishy just by looking at coinmarketap when DRK came out.  Vertcoin came out weeks before Darkcoin did, but the Darkcoin number in circulation dwarfed the coin count of VTC, while VTC cap is 80 million coins, and Darkcoin  cap is 20 something million:

http://coinmarketcap.com/

Right now it's 3.9 mil DRK in circulation vs 3.2 mil VTC.

The only explanation was some kind of flash mine.

The real question is, how do you compare coins like Darkcoin vs Heavycoin?  One has an enormous flash mine, the other has an IPO + premine for similar amount.  Which one is the least worst in terms of distribution? o_O

Want to fix this once and for all? Vote:

https://bitcointalk.org/index.php?topic=559932.0

So you are going to give back the 2million (50% of all drk coins that exist) that devs and a few pals mined in 24 hours or not?

You can't ask the thieves to vote on whether they want to give some of the loot back can you?

Another self-moderated topic by cryptohunter about DarkCoin?

I'm hesitant to post again in this thread, because it seems like half of whatever I say gets deleted anyway. But since the drk airdrop thread is now locked and evidently not going to happen, will post here instead.

An airdrop of that size never really made any sense. It'd  kill the price, and I'm not sure how it would rectify the issue exactly. They'd end up with a ton of new people just signing up for free coins, not really solving any issues. In fact it'd probably make things worse.

What they could do, but expect they won't, is offer a small amount of coins for early adopters/miners of the coin, but I have no idea how they could verify this (check by blockchain or mining address)? It'd at least help rectify the issue somewhat, and get around the problem of newcomers just gobbling up coins and then dumping them.

another one? seems this is the only one to me. The other one is an x11 thread that is not specifically about drkcoin unless you want to make it one.

Hey i'm going to leave that post, even though off topic because that pic really does look just like me.

Flipme has been trying to PM over and over for some reason since you posted it? wonder what he wants?

Apparently being 16 doesn't give you any right to publish the truth around here according to the drk holders.

Come on guys stay on topic ... don't make me mad. Look at that pic would you like to see me get mad?

Let's just quote yourself from another thread:


Where are your proofs?

The coin reward is based on a formula where high difficulty delivers fewer coins, and low difficulty rewards a lot of more coins, originally (1111 / (diff+1 ^ 2)), it is part of the specifications of the coin, if you don't like it, don't mine it, because I can assure you after 3 or 4 months block reward gonna be 5 coins, 5 miserable DRK per block, and people will hate to think that they didn't mine it today.

I will make it easier for you to understand with an example, because it always helps:

I don't want to mine QRK because reward is shit, like 1QRK?, but people got 2048 QRK per block during the first days!!! Not only that, but of the 247M QRK coins, one single address holds more than 10% of the total coins, and top10 addresses (not wallets, so probably someone holds more than one from here) hold 40% of the coin...

Proof: http://bitinfocharts.com/top-100-richest-quarkcoin-addresses.html

Now, DRK, http://chainz.cryptoid.info/drk/ and go to rich list, top1 has 3.65% of the current total coins, and accounts for about 0.65% of the total coins, now go and compare 0.65% vs 10% of QRK.

I want to say that DarkCoin is probably one of the few valuable coins with great future where people are still on time to jump in and with the fairest distribution of the wealth ever (try and compare wealth distribution with BTC, LTC, QRK ... ).

Hey this is the 20th time you have posted more of this rubbish to defend your scam coin and i have deleted it ....but now because keep reposting  i'm going to reply to it so that you can stop bumping this thread to the top every 5 mins.


This topic is to discuss the instamine scam that is drk coin - ok do you get that?  We are examining the points in the OP. If you want to try and bring up other coins to defend drk coin being a premined scam the make your own thread. I mean really how simple can it be.

However let me answer your points here since you will not give up reposting over and over  such is your desperation to justify the instamine scam coin you have become involved with.

Yes people cried over QRKS distribution model because in 6 months is was basically finished with. Was it too quick?? yes may be it was. You can't derail this thread into a qrk thread, qrk has had already 10000 threads dedicated to it's mining period of 6 months and finished approach. Which is kind of strange i now see not even 1 thread about black coins 1 week and finished mining approach. Which really is fair enough, if you are around at launch you can mine if you are not around at launch you miss out. Sure LTC gives a longer mining period this is not a thread about that make your own thread and stop trying to justify a scam by comparing and saying you believe other things are scams.


Let me show you the differences just so you're clear and can not keep spreading more lies. Don't say you could not be bothered to read it, you don't want to read the truth do you

1/ QRK launched with a windows wallet - YES 80% OF PEOPLE WERE NOT SHUT OUT FROM MINING  - yes don't you get it EVERYONE could mine.

So with everyone mining the dev could not STEAL all of the coins... In fact i suspect the dev got very few hence why he just vanished and only posted a few times because he wasn't sitting on a mountain of instamined coins he stole from the windows miners.  With dark coin it looks like only a handful of people could mine the coin (because they shut the windows users out) hence why they grabbed up between them 50% in one day of the minting in existence.

2/ QRKS  difficulty actually adjusted like it should - Yes that's right because a lot of people mined it because they were ALLOWED to mine it since they were given a windows wallet to mine with....and the diff increased rapidly so there was competition on the chain LIKE IS SUPPOSED TO HAPPEN . I was mining on a few i5's and a block or 2 rolled in through the day. HOWEVER,,, on drk coin the diff adjust somehow went wrong hehe oh no so only a few people were mining and also the diff did not increase so the blocks were flying in all day long to them whilst everyone else was shut out hehe and they accumulated 50% of the current minting.  YUMYUM.  Then they did release a windows wallet but fixed the diff so when windows miners got a chance the diff went up and they soon found it very hard to mine any dark coins ....haha so sad for windows miners.

3/ QRKS  did not take away 75% of their minting- they were laid out for all to see. The block reward structure was not changed. The total minting was not changed. It kept to it's design and did not alter it to TAKE 75% of it's coins away from miners.
DRk coin though had a better plan. HMMMM they thought. So since just the dev and a VERY few people could mine on the first day , had little mining competiton and the diff adjust was broken so those big 500 blocks were rolling in every second or two....we have a lot of coins actually 12.5% of all coins in existence that's quite a lot isn't it.  However would be a lot nicer if it was 50% haha but those suckers won't let us do that will they. I mean if we suggest slashing the minting from 88M to 22M they will know we have done it to make our captive instamine 4x larger ??  We couldn't try that could we and pull of one of the largest scams ever pulled.

WAIT THOUGH WE CAN AND HAVE DONE IT ....HEHEH

but because morons like keane have a few drk crumbs he will try to defend our scam for us along with all the other stupid fools that hold 100drk 200drk whilst 2MILLION drk were mined for nothing in one day by the scammers who fixed it like that.

Now let's talk about the other point you are trying to make.... let's look at the wallets NOW.  Yeah sure you know what if drk devs are as smart as you say and they look pretty smart to be pulling a multi stage super scam like the one i just described to you in plain detail. I am very sure they know how to just make a few extra wallets and spread their coins out HEHE do you think people are stupid enough to pay any attention to current wallet holdings NOW?

Let's get talking about the QRK wallets, a subject that comes up often... Please compare the distibution to PPC LTC whatever of the top coins you will see no dramatic difference. The person you are quoting with 10% of coins...yes there has been much speculation about that wallet however if you notice that person is constantly BUYING the coins from the FREE MARKET at the market rate. I believe it was estimated not long back someone spent 2 Million dollars on those coins. You can not cry about people buying coins for the full market rate. That is called fair. If he wanted to buy 50% of the coins on the market that is up to him. People said it was possibly and exchange buying them or many rumours nobody knows.

Any criticism of qrk can be levelled at any other fast minting coin i support a LOT of coins anything that is not proven to be a scam actually... go make a thread about all accelerated minting coins if you like. Don't keep dragging that old argument up to subvert the purpose of this thread or i will delete it again.

Anyway this is not a thread about QRK - if you want to make another thread about QRK then make one , or go to one of the 10000 quark threads on here and add your already heard 10000times arguments on there.

This is a drkcoin thread you can not keep posting this crap over and over trying to derail this thread. This is not a place to justify scams this is a thread to examine if the scam happened as it seems it did. Not why it was a scam, not if you think there are other scams, not if you agree with this scam because you are part of it, not because they have created an innovative scam.

This is a thread to examine IF THE SCAM TOOK PLACE - yes it looks 100% like it happened just as the block explorer and their thread says it happens .... from the no windows wallet, through the broken diff, through minting being cut down from 88m to 22M

These are the facts, that is all there is to it. If you just shut up and face facts then this can be the end of it. Do not keep trying to bullshit your way out of things. Just admit the scam, get back to promoting the scam, just stop lying about it not being a scam.

The end.

  

Yes we still can't be sure was it instamined of not.

But instant mine without mentioning such possibility at coin description is scam.

please stop trying to defend 50% instamine...

Just let this coin die like the rest of the shitcoins and try again, except this time without the instamine feature for dev&friends.

http://s7.directupload.net/images/140408/p3irj3gx.gif (http://www.directupload.net)

Grow up you silly girl.  This does not add anything of worth to our debate. Please get back to the kitchen and continue with the laundry, or perhaps some knitting or something. Do useful things with your life.
thanks.

This guy is a professional troll, he does the same with any coin he doesn't hold when they get some value, I remember him from PRT's thread.


He has a special love for QRK and you can guess he is not happy that so many other coins buried QRK.


I don't want to be disrespectful, but I'm sorry I couldn't read all what you wrote, when someone needs so many words to explain something so simple it just doesn't add up, and I thought this was about DRK, but it looks like all your reply is about QRK, I used it just as an example, did you take it personally?

So, as I see no proofs against my statement, you basically agree that DRK distribution is one of the fairest ever, with the top 1 wallet holding only 0.65% of the total coins, and top 10 wallets holding only 4% of the total coins, thanks for clarifying.

Btw, top 1 address of QRK only has 6 inputs, try to sell someone else that story about someone buying these coins and spending 2 Million dollars, sure, I'd love to see your proofs.

^^ hey without quark maybe dark coin wouldn't even exist, have some respect for your big brother alright :D

cry cry cry cry .... stop posting irrelevant things moron it does not change THE FACTS about darkcoin instamine scam.

Are you totally moronic bumping this to the top over and over and over again?  Are the drk community not screaming for you to remain quiet yet :)

Are you and TAOWAY both determined to burn drk down? I am happy to point out the facts and move on. You however keep pushing the facts to the top of the page over and over..... with your lame ass excuses and justifications.

Please give up you can't fight the truth.

I respect QRK, it was great innovation, just a pity to have cryptohunter as part of the QRK community/fans, instead of helping QRK he keeps on trolling other coins.

Good to hear that mate, 1 love. tbh it seems that every crypto has to go through this case lol

Look i never mentioned QRK once you brought qrk into the discussion. This discussion is examining darkcoins day 1 instamine. Why do you assume people would read a thread on drk and even consider qrk.

You will never find that i a pro QRK any more than i am pro

LTC, DOGE, PPC, CGB, DMD, PHS, DGC, MEC,  ETC ETC ETC  - even the fairest little new coins which have no value in financial terms as yet .. BEE, CREDITS, and 20 more  i support them greatly.

If you were serious about it you wouldn't start a self moderated topic, don't fool yourself.

How is exposing the instamine "trolling" ?

It is essential because people like you REFUSE to stick to the OP. You will try to find a way to draw discussion from the OP topic on to something else.

To me it looks like the case is open and closed. I am happy to leave it closed now. If you keep bumping it it will remain open.

Nothing of note was deleted. Any points raised true or not were not related directly to the examination this thread was intended for.

I'm bored of it entirely. However will ensure the facts stay straight until it's closure.

That is right.... anyone not posting FACTS supported by hard evidence to refute the instamine scam is bumping this thread to the detriment of drk coin.

It is fine to highlight a scam for a while. But constant bumping makes even reading about a scam get boring. Let the thread sink. Everyone has read it now.

Only post if you have specific evidence that refutes the instamine. Else you are causing further damage.

The fact the actual dev wanted to redeem this coin with the airdrop is enough for me to believe that he recognised the mistake wanted to redeem the coin. The drk holders would not let him for their own reasons.

  

If he was willing to make some ammends it is enough for me. It is better than some devs anyway. The drk community are protecting their investment... fair enough.

This i understand... but do not tell me it did not happen, that it was okay for it to happen for whatever reason.

 It did happen and it is not okay.

END OF STORY.

Some people like to learn the hard way, good luck holding and mining this.

Don't cry when you lose it all though, you were warned several times.

"Exposing"?  This is all public knowledge and always has been.  Dredging it up now for no good reason other than to stir up shit is more or less the definition of trolling.

No no, I'm a grown up I can handle my poor decisions with good grace.

If you wouldn't mind, please tell me know many coins are currently held in the top, say, 10 wallets, as well as what the top holder owns.  Then explain to me how the numbers you find should have me shaking in my boots.

Please also explain how full disclosure of the issues in the ANN thread and by the dev himself amount to the coin being a "scam".

Thanks   :D

Sorry I missed the part on the DRK ANN thread OP where it says that 2 million coins were instamined, please take a screenshot for me so I can locate it.

Out of curiosity, where does the 2 million figure come from?  Please cite the source.  I've seen numbers ranging from 1.5 - 2M, so I'm just curious as to where your information originates.

I'm also curious as to how much DRK is still tied up in the top wallets, because the figures I've heard are nowhere near 1.5 - 2M.  If what I've heard is true, please let me know why I should be afraid of this coin as it is right now.

Everyone on the bitcointalk thread was told and it is discussed there regularly.  The dev mentions the issues with the launch on the darkcointalk (https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/) thread (though, admittedly, no numbers).

Wait you said this is public knowledge, are you now saying that it isn't true?

The fact that there were a large number of coins mined at launch, somewhere between 1.5 and 2M.  Please don't put words into my mouth.

Again, where do you get your 2M figure?  Source please.

Define "large number" in terms of the current difficulty and block reward.

Noob please give up. The dev himself want a 2million air drop to smooth over the scam clearly highlighted in this thread over and over. I can only think you are anti dark coin keep bumping this.

I'm not interested in how difficult you feel it is for people to compile their own windows qt. If it is so easy how come this highly regarded super brain dev could not do it..... or maybe he could but didn't want to??

You dumbo's keep making things worse for yourself.... please stop the drk community is suffering at your hands.

It is very telling that everyone here either denying or justifying is a big poster in the dark thread...lol.  No impartial people have come to excuse the scam.

"Noob".  Lol, you're cute.  I see now what I'm dealing with here.

Again, I'll ask you, how many DRK are still in the top 10 wallets?  Why should that number bother me?  What evidence exists to support the accusation that the early issues were anything other than accident or oversight, as chronicled here (https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/)?  Please tell me where you get your 2M figure from.


Lol.  You and that nutjob Glen Beck.  Just asking questions, right?

Please feel free to present any evidence whatsoever of malice.  You can't, but I'll still wait.  So will everyone else.

why are you asking the same things the other drk shill asked....two posts above....can you not read?? are you so blinded by greed?

wallet distribution NOW means nothing...not that it actually ever means that much you can swap coin to different wallets easy.... surely a super brain like you who can compile windows qt from source knows you can move coins between wallets right?? or you didn't try that yet .... hehe press send see what that button does.

Yes it's amazing isn't it.

Stop bumping this you drkcoin hater. Let it sink. Do keep trying to subvert the truth coming out.


I have answered your question... yes about the wallet if you say it is so easy to compile windows wallets from source then why did the super brain dev not do it for us. I opens up larger questions. One of their devs said they did not know how to compile the windows qt. Yet you're saying everyone else should be able to? please fool i can't waste time arguing with people who don't read the thread or post stupid things over and over.

This compile your own windows qts at launches is stupid ...so stop looking pathetic grasping at straws.

I had to skip forward maybe some people spoke on this but I'm sure you people remember the bum rush of Scrypt coins coming out early to mid January. Everyone was looking to be the next doge style coin early adapter.  But filled with plenty of new people (myself included) were still asking how to setup Scrypt miners etc etc.  It wasn't like right now, we are lucky enough to recieve an sgminer update for every new algo coin within a couple days.  I downloaded xcoin on Jan. 20 didnt mine a single block.  On the 22nd I got the cpu miner for xcoin, still didn't mine a block.  I didnt do much with Xcoin I was concentrating on Vert, KDC, Net2 etc.  I picked up on Dark coin Jan 30th. used the xcoin cpu miner and solved 8 blocks in 36 hours then stopped and moved on.  I picked up the Dark GPU miner around Feb 16th and mined the fake stacycoin with it.

Reason for saying this crap,

Just because you didn't pay attention to a coin doesn't mean it was unfairly released.  Many of you are happy with multipool or pointing Scrypt rigs at one spot for .015 a day and that's .5 BTC a month.  I mined 20 different coins in January took a risk and wow I have .6 btc worth of dark, the rest are garbage.  No risk no reward.  I try not to even pay attention to Pre ANN coins, instant networks of 1G/hash+ seconds after launch? No thanks I'll never find a coin in that environment.  Then again I'm not a professional.  I do think that taking the time to mine a few blocks on the new algorithms is worth while.  TWE, Aiden, Groestl, Fugue, Heavy, X11.  

Side note I don't personally think anyone should be rushing to switch their coin to a new algo, How many Quark clones did we see recently with Soma, Probe, Prt, o2o, net2, FRQ, FZ, Doug, Cnote etc etc.  Quark is secure, Quark runs cool on my gpu, and none of those coins are on the front page of the announcements often these days.  SO how long do you think Hiro, Stacy (already dead) and the next wave of derivatives will stick around.  

TLDR:
1. as an early adopter of dark I made what I expect a normal person mining scrypt would make in a month.  Just mine was in 1.5 days instead of over the month, so I dont think there was anything unfair about the early progression of its development.  Every coin is in development!  
2. in case its not clear, I support Dark and its innovation aside from x11, and x11 is neat too.  I dont see any case where a coin coming out that doesnt have something newhas room to survive.

Where did I say I could compile windows qt from source?  News to me :).

Maybe this is what you're referring to?  Perhaps if you weren't deleting legitimate posts like a silly child, you could better follow the conversation:


Ahh, so it's a great conspiracy!  It all makes sense now!  The great DRK instamine of 2014 - they "stole" it all and hid it all!  And you have unambiguous evidence to support this?  Do share!

Lol.  Let me give you some advice: when you feel that you need to resort to conspiracy theory to make your argument seem valid, chances are you're full of shit.  

I know you're not quite there yet, but, when you become a grown-up, you'll understand that when you make an accusation such as the one you've made, it is necessary to present evidence and sources to support your accusation.  Feel free to do so at any time.

It means nothing.  Hmm.  Very interesting when it's well known that many of the first miners either sold or gave away their coins.  Where did all these stolen riches get off to?  Why do I give a shit about what happened before I ever bought into the coin?  How does this affect me, right now, as an investor?  You're not making any sort of a clear case.

Again, in the real world, you would be asking for a libel suit.

Define "large number" in terms of the current difficulty and block reward.

Self Moderated. Nice, I see what you did there.

Oh a libel suit for highlighting the truth? i think not.

Well you were suggesting no windows wallet wasn't a big issue, coupled with no pools then how would you suggest people mine?

I don't care what difference you consider to make. I care about examining if it happened or not. The block explorer is the evidence go take a look yourself then come back and tell me what you see. Perhaps the block explorer is lying.... can you launch a libel suit against a block explorer telling its version of events?

Your accusation is that the coin is a scam.  Don't back out now.  You have provided absolutely zero evidence to support this accusation.  This is the definition of libel.


No, no, no, young man.  You don't understand how this works.

When you make the accusation, the burden of proof rests on YOU, not me.

If it happened?  Yes it happened, everybody knows that.  The real question is whether it was malicious or not.  So what, exactly are you trying to do here?  Do your mommy and daddy not give you enough attention at home or something?

Still deleting legitimate posts, I see :)

AND you've deleted the post that quoted it!  HAHAHAHAAH

This would be comical if it weren't so sad!

oh i see now ... so it happened :)  that's all you needed to say.  

If you have nothing new to add then why post.  Why ask for proof then say you know it happened anyway.... stop wasting my time.

If the dev and a handful of people accidentally mined up 50% of the current minting in 24hours then accidents happen i guess lol :)

Your devotion to Darkcoin is bordering on pathological.  Neither you nor anyone else need have anything whatsoever to do with this coin.

The entire sequence of events is public information.  You can read the sequence of events during launch as they happened on the boitcointalk thread, and you can read the developers account of events on darkcointalk.

Please give us a point by point account of exactly where the deception or "lies", as you keep typing over and over and over, exist.

A qt would have been preferable.  That there was no qt was public knowledge pre-launch.  Everyone had ample opportunity to ignore DRK and move on to something else.  Why didn't they do so?  Why do they continue to not do so?  Is everyone stupid but you?

Also, exactly how difficult is it to set up a free, ~400MB OS that works on basically any machine - for which, I might add, NO GPU drivers were necessary at the time - in order to mine the coin?

Please provide a block of times and dates which would be most convenient for you, so that future developers may know when to launch, as apparently launch time comprises a "fairness" issue in your mind (LOL).

In the interest of full disclosure, I own and support DRK.  I'm fully aware of all of its launch issues and I couldn't give a shit less.  I suppose that makes me stupid...

Cryptohunter is (literally, no joke) a 16 year old child in obvious, desperate need of a healthy hobby and a girlfriend.

Have you noticed how the title of this post is "DARKCOIN BIG SCAM?? let's take a closer look"

i don't think your opinion on a persons age or gf is relevant so yup deleted.

No, it's just fair that they get an advantage.

Wait, but it didn't happen, prove it.

Who cares if it happened? I don't give a shit and have nothing to be scared of.

But it didn't happen, prove it.

I know it happened and it's public knowledge, so who cares?

But the burden of proof is on you.

Best Regards,
eltito

What happened, a mistake where a lot of coins were mined in the very beginning, which was corrected as soon as the dev realized it?  Yes - it's right there on the bitcointalk thread for everyone to see.  Also on darkcointalk.  Who ever claimed otherwise?  Not me.   :)

Cryptohunter is accusing the devs of scamming, with no evidence to support the accusation.  That is what he needs to prove.  The other thing is common, public knowledge.

Why is this so difficult for you two to grasp?

So was it a mistake or a fair advantage? please state your position firmly so we can have a real discussion.

Bringing things to a personal level ... sad to see... however i leave it this time because you insist on posting this worthless post over and over....

So you are saying yes the 50 % instamine of all existing coins happened whilst windows users could not mine  but...bla bla bla bla bla..... fair enough that's all i wanted to know. Others can draw their own conclusions on the motives.

That's fine, may be it was a big accident and not on purpose... seems possible i guess.

To be fair if it was just the instamine.... hmmm could be an BIG accident.... but then by accident chopping off 75% of the remaining minting  ...... sometimes accidents start to look like planned action.

I've answered this.  https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/

That is a far more reasoned and respectable position than "DARKCOIN BIG SCAM??" which is nothing more than a direct accusation with a weasel clause, a la Glen Beck.

Sorry for the cross post....but can I point out a fact that cryptohunter was defending similar attacks he is making against Dark.

No opinions, just facts.

Don't deflect. Answer my very simple question:

Was the instamine a mistake or a fair advantage to dev and his buddies?

According to the dev it was the former.  According to you it was the latter.  The burden of proof lies on you, not on him (or me).

And what is YOUR position? this is the third time that I ask you this question, why do you not answer directly?

another pointless post from a clutcher of straws.....

this is about CAPTIVE instamining with no windows qt and changing the minting.... this is not about current distribution all we know about current distribution is wallet balances but we are not discussing current distribution. If you want to talk about other coins then make a thread. Next one is delted if it makes no sense.


The arguements about qrk do not hold here i have posted why already.

1. everyone there could mine - not 80%+ closed out from mining
2. diff adjust worked (HUGE DIFFERENCE)
3. Not later cutting minting by 75% to increase day 1 mining to 50% of current minting.

so if you keep bringing up other coins it makes dark look even worse and is not relevant to this discussion.... this is about drk coin.

Keep on topic.

If you don't approve of qrk i don't care... it has nothing to do with this thread. You probably don't approve of most of the coins i own but they are all squeaky clean compared to drk.

WOW you drk guys are trying to find something...hehe keep reading guys.

I HAVE ALREADY POSTED A FULL QRK COMPARISON ON THIS THREAD  - read it.

There is no need to keep trying to divert attention to other coins.... keep on topic.

Dark coin crew - get back to your thread discuss some more tactics....... the best one is this

Remain quiet - you can not change the facts, even if you proved i was the devil it makes no difference to the facts presented in this thread.

Your excuses and justifications are pathetic. Just shhhhh and it will probably be forgot in another day or two. This would be on page 8 by now if you morons didn't keep bumping.

Intuition isn't your strong suit...

My position is what the available evidence bears out: that it was an honest mistake and a fumbled launch, corrected as soon as it was realized.  Nothing nefarious.

Now, as I've asked you far more than three times (to no avail thus far), what evidence do you have that supports your accusation that it was a scam?

But you sound so reasonable and wanting to do the community such an awfully good deed by only focusing on the facts. Facts which keep getting repeated to bump the thread.

But the facts from your posts on QRK show you have a real way with four letter words and reveal so much more about your attitude. That is mostly fact based. I have added some minor interpretations of your intentions.

Hehe all a big accident ....

1. accidentally no windows qt
2. accidentally diff sticks on super low
3. accidentally they mine it
4. accidentally they instead of perhaps increasing minting to make up for it, they accidentally press the 75% decrease minting button to make the instamine 12.5% to 50% of current minting.


Are i  see you don't know what one of these '?' is   .... that's a question mark in the title.

However no my opinion now is all those accidents smell like a scam.

I have said i actually think that dev duffield regrets it and would like to make up for it. But the drk community wants to protect their investment.

Sure forget about it, but don't bullshit people it happened, it was not a full accident. I mean i believe he did not mean the instamine to be so large for him and a few others but still it went too far and he can't fix it. He should have NEVER reduced the minting to lock in super high instamine profits but still let's forget it. I am ready to let it drop if you don't keep bullshiting or spinning it to be a good thing.

Ok now that you have finally stated your position.

First, you say that "where do I come up with the 2 million figure"

Well it's pretty easy actually:

http://explorer.darkcoin.io/chain/DarkCoin?hi=3450&count=20 Up until this block the reward was 500 so, 3450 * 500 = 1,725,000 coins.

Then from block 3500 to block 4032 the reward was 277, so 532 blocks * 277 = 147,000 coins.

After that somehow the reward was again 500 from block 4033 to 4500, 468 blocks * 500 coins = 234,000 coins.

If you add them up = 2,106,000 coins, so 2.1 Million coins.

Secondly, you belive dev when he says that "they didn't know something was happening" until they reached block 4500.

This is complete and utter bullshit, if you check the thread that you linked me to he says:

"We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later."

- When they got stuck at block 42 he should have definitely know that the blocks were rewarding 500 coins, but he decided to ignore it and just "fix" the part where they got stuck and didn't touch the faulty minting code.

- The difficulty wasn't retargeting either, he somehow also "didn't notice" it after the first 42 blocks problem.

- No windows qt wallet after 8 hours of mining 500 non-retargeting low difficulty blocks.

- Lastly, how the fuck do you mess everything up in your favor and don't seem to notice until "it's too late and we're too rich to do anyhting about it".

EDIT: Forgot to add, he states that he was new to making coins... why didn't he used the built in testnet before launching?

My language depends upon my mood us teenagers are notoriously hard to get along with. However enough of your nonsense, motives etc etc mean nothing. Facts are facts....boo hoo cryptohunter swears sometimes so that changes the facts here does not work.

It seems now that everyone acknowledges the instamine happened and the cutting from 88M to 22M happened.... it happened end of story.

We are now into the excuses and justfication. There are none. Please forget about it, you are bumping and bumping. If you don't reply i won't sit here typing to myself.

Either you are anti dark coin or mad.  Either way make your own thread if you can't stay on topic.

Like i say if you found a post where i admit i'm the devil himself....that can not alter the facts presented here.

So remain quiet. unless you bring new evidence to refute the block explorers findings.

The dev offered to make it up to us actually and i think he would, he does not want to code his ass off now for ever with this shit storm blowing up every 5 mins it makes no sense for him rather dilute his holdings a bit and have a stonger more marketable  coin....  However the holders wanted to protect their investment ....i get it but still don't spin me the instamine was good, the cutting of minting was good,.... no it was not good.... it was very bad.  Dev wants to mend he knows now it was a big mistake..., community will never agree. End of story. Nothing more to be said. Time to forget it.

What do we learn..... stop scams instantly before they get hold, by then people are invested in terms of time, money and effort... you can never go back and fix it even if they want to.

Every one of your questions is answerable by your last line:


I'm fine with Halon's razor, but let's say you're right.  Why didn't they dump it all when it was over .002 and disappear?  That's a couple million bucks for a month or two's work, not bad eh?  Why would the dev make his true identity available if he had nefarious intent?  Why continue to develop the coin?  Why waste your time?  Why risk watching it crash?  

Are you going to say greed?  He and his "buddies" could have pulled $2M USD out of thin air, with no guarantee they'd EVER be able to do it again.  Why didn't they?  If greed is the motivator, they truly suck at being greedy.

Cutting the supply was a decision based on input from potential investors.  His reasoning is here: https://bitcointalk.org/index.php?topic=421615.msg5823918#msg5823918

Notice that his original thought was to reduce new coin supply by 20% per year.  If his intent was to leverage his ill-gotten gains from the "Grand DRK Heist of '14," why lower that number to 7%?  There are several people on the bitcointalk thread who say they're invested well into 5 figures, and those are just the ones we know of.  I believe the biggest wallet is somewhere in the area of 190k DRK.

None of what you are implying makes any sense outside of your bubble of no-context.  None of the dev's actions have indicated anything other than seriousness and commitment to making the coin viable and successful for everyone involved.

Edit: Which reminds me, I read somewhere on the bitcointalk thread that the total supply will max at in the low 70M range with the yearly cut to new minting being 7% instead of 20% (as originally proposed).  Unfortunately I can't find the post at the moment.  The original intent was for 84M, so that is not a very significant cut, and it arrives there in a much smoother fashion.

Dev just admitted that the airdrop "community vote" was a phony

https://bitcointalk.org/index.php?topic=561756.msg6130038#msg6130038

Wow.  Keep on flogging that straw man, stud.

To be fair, I don't think he admitted it, he just failed to add a comma.


Should read "After I asked, many investors..."

Punctuation is important folks.

Nope, it's pretty clear that he ended the poll prematurely, the real voting was 45% for and 55% against in a few hours, I didn't even knew the thread existed. Then it was locked and deemed as "community voted against" which is bullshit.

He realized it was a horrible idea.

For instaminers? of course it was a horrible idea to give away your hard earned insta mine.

Thank to coins101, he points me here.

LC definitely got them beat on that point. 500,000 or 50% of the 1M total was insta-mined in 30 minutes! They even try to cover up their insta-mine scam by calling it 'fast distribution' of the coin. I'll say, fast distribution into the wallets of those 'early adopters' in the first 30 minutes  ;D


http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#limecoin

XBC guys !

XBC will add darksend option  ;D

THE FACTS ABOUT IloveAnonCoin

[x] Missed the lunch
[x] Unable to install ubuntu
[x] Is angry

Really? No way.. good work Sherlock!

outstanding investigator, I cant believe you are the first to post this, congratulations you have just won $1,000,000

Possibly you will uncover the identity of satoshi next?  ::)

FUD !
DO NOT QUOTE THE TROLLS !

well as far as i kow the dark coin as x11 mining its good for mining and its on some sites fo cloud mining and its highly rated as coin and is also a secure coin to mine and do have wallet soo i bet this coin is going to be the dark coin as a goods coin to use and be safe and secure blockchain more than bitcoin that as been blockchain hacked this one is not i dont know if the blocks of darkcoin are going to go lees in a few days but the truth i guess its a good coin i use it

I still believe Darkcoin is fair coin, despite instamine or not.

Ultil now we still have plenty chances to earn Darkcoin by mining and setting up master nodes.. etc...

true true

What can we say about it... People are following scammers like sheeps :(

I think the nigerian scammers changed camp

What a pathetic try is this topic...  ;D ;D

i saw that darkcoin has risen quite a bit in recent months... how you you suggest is it profitable to buy some of those? and where can they be bought safely ?  :)

Depends on where you live, but Bitfinex (http://www.bitfinex.com/) is one of the largest exchanges in the world and considered safe.

i live in europe, is there any exchange where i dont need to upload my personal info and documents to trade?

For trading purposes you can use Bitfinex or Crypsy (make sure you use 2 factor authentication for additional security).
If you are a new customer you most likely need to wait a few days before you will be able to transfer out, keep that in mind.

For cashing out you probly will need to provide personal info and documents, for transferring out that is not needed.

Crypsy : has largest tradeable volume of DRK
Bitfinex : is more professional setup and provides perhaps more security as well

dont hesitate to ask any questions about Darkcoin / DASH in our own forum : https://bitcointalk.org/index.php?topic=421615.0 or https://darkcointalk.org/     

After all these attacks, a suspicious site claims to accept bitcoin/darkcoin for your "needs". It seems Silkroad related (weird language though   :P)

http://unbouncepages.com/cooltag/

the sheeps following fake money and caught up in it.

but the price of darkcoin is rocketing, maybe its time to buy some.. is it because of these darkmarkets or due to some btc recent failures... ? ::)

let us buy darkcoin now renamed dash. let us.

DASH is a huge instamine-circlejerk-multi-scam.  Stay away but if you choose to get involved make sure you wear a rubber body suit so you dont get covered by seamen from head to toe as a result of the biggest circle-jerk in crypto history.

U hate us, but we still love you DASHER ;)

this is what is happening when someone dump their coins for pennies and 5min after that it goes moonshine ...

so many hate :)

dark coin its used in a very huge site like cex.io and can veven be mined x11 soo i dont think they are not investigating that i belivedark coin its stable.

after reading this thread I just noticed I never took full note of what was said here...

I as ONE of the devs mined 120k darkcoins ???  He says he gave away 50k? I actually even believe him since why say you mined 120k

I myself started up 100 amazon ec2 hosts to mine??

How many did evans himself mine and how many did he give away?

What is 120k dark/dash worth about now?

Remember Evans offering in this thread to air drop 2 million dark? but let the dark community vote on it??

Lets reopen this option ?

Last post June 05, 2015
New post by OP : Dec 31,2016

https://i.imgur.com/VLmxhtH.png

To OP : At least make the effort of changing the name of this hate threads title, we changed name from Darkcoin to Dash some time ago
and thank you for confirming your obsession with Dash to the whole cryptoscene.

Keep bumping and await the airdrop poll. You will become a pariah to the dash community.

. . . Dash is running at around $300 today . . . . is it still being regarded as a scam . . . . what's the story now . . ??

I think know you can tell for sure than is isn't a scam !  ;)

done