Get the facts right at least. The millions of PoW Dash coins won't be mined for hundreds of years.


In the same 200 years, the Monero 0.3/minute tail reward will produce about 31 556 736 coins, meaning more than "half [the] coin supply" is not mined.

In fact, at some point Monero becomes slower than Bitcoin, and slower than Dash for that matter. (Graphs showing the double intersection with Bitcoin were posted, maybe someone else has a link to that.)

You're still welcome in the Monero community now that you are properly informed it has the kind of slow and fair distribution that you like.

I'm not sure your point but I included the second line because it made the point about not knowing what is going on in the wider community. I've never been heavily involved with GPU mining but I had heard for openrigs.

fluffypony was well known before Monero, for Openrigs: https://www.cryptocoinsnews.com/interview-fluffypony-open-rigs-owner-long-time-miner/

It is down 90% from where it was during a very brief pump right before the revelation of the 'whale digger'. I find the timing of that  pump a bit suspicious, but regardless, that's not at all what most people have paid for their CLAMS. For most of the past year it traded around half that price so it is down 80% not 90%. Still a lot though.

Updated pool balance and transactions above.

EDIT: There was a small error in the starting balance which I have now corrected.

Perfect is even an understatement. It was damn near clockwork. The first 5 blocks were instamined at low difficulty but the 6th block had difficulty that overshot high a bit and perhaps some bad luck causing a 5 minute delay. After about 5 minutes there were 6 blocks mined.

The comparison to Nxt is absurd anyway, that was 100% ICO.

I'm pretty sure the masternode PoS rewards rate is higher than 6% and certainly was much higher when the number of masternodes was lower.

You are correct about Monero being the first after Bytecoin. I'm not sure the order after that.

That's not the original Monero launch thread though. It is here: https://bitcointalk.org/index.php?topic=563821.0

You're either confused or poorly informed (or both).

There is a 100% open unmoderated Monero ANN thread (still subject to forum rules of course): https://bitcointalk.org/index.php?topic=583449.0

There is also a moderated Dash price and trading thread: https://bitcointalk.org/index.php?topic=1233119.0

According to the Dash anti-criticism brigade, anyone who is critical about anything related to Dash is a troll who is trolling. Especially core team members who are secretly from Finland and living in a castle.

Your context is pointless. No one would claim that selling would ever stop. Selling and buying will continue as long as the coin exists.

There is nothing happening now or in the future that wasn't reasonably foreseeable. If you don't like this coin, create a new one. It is not too late to do that.

This seems like a straw man. Maybe they thought it was the "fairest" way to do things but that seems somewhat implausible. Does "fairest" even exist?

More likely they thought it was a way to distribute coins to a very wide swath of the cryptocurrency community. I doubt seriously anyone believed that some participants with very large numbers of addresses wouldn't exist, but by distributing to every non-dust address that meant that at least some meaningful number of coins was being distributed to each of a huge number of participants.

If they did believe there wouldn't be people with many addresses, well I guess you can't deny stupidity.

I'm not sure what you mean by 100% core devs payout fee. Donations maybe?

As far as I know no core team member has been directly involved with any pool.

I don't know what happened to monero.net.

That is one small crowdfunded project, responsible for maybe a half dozen commits, not at all core to the 1200+ commits.

The facts are here: http://da-data.blogspot.com/2014/08/minting-money-with-monero-and-cpu.html (also read the comments from the author of the post including his response to Vitalik's ignorant attack)

The correct summary of those facts are in my post above.

The spin from Dash folks such as MasterMined170 is mostly false.

The thread, by the way was created by Bytecoin scammers, as part of their now-well-documented effort to attack Monero in the summer of 2014 and pull community support back to Bytecoin, which of course failed (see CoinTelegraph revelations, etc.).

Nearly everything in the OP is false or unsupported. For example, come-from-above was never an XMR whale (probably never had any at all) and never donated 5000 XMR to the GUI wallet. The GUI wallet bounty thread is here, including the list of actual donations. I know it is correct since I administered the bounty. https://bitcointalk.org/index.php?topic=589561.0

Yes of course there are. Was that information missing from the OP when you decided to support it?

LOL that you think that is minimizing. We could use the total supply after 200 years like you are doing for Dash in which case the so called cripple mine is more like 1%

I've never been involved with FCN, although I've mined some of it.

I have no idea if it is still alive. I would assume so since the block explorers at minergate and chainradar still show it.

Let's not let facts get in the way:






Summary:

1. NoodleDoodle's commit was May 7, so the start of dga's mining was after May 7, or 19 days after launch. We know his hash rate reached 4045% by May 14, or 26 days after launch. i.e. during most of the first month he wasn't mining at all.

2. Clearly his hash rate was below 50% for much of the time and only rarely (and not even with certainty) above 60%. There is no evidence it ever reached anything close to 90%, and certainly it wasn't close to that for any consistent period.

3. "Almost" two months, not three months.

4. He kept none of it.

This allows us to narrow down the maximum amount of coins mined by dga and his backers pretty closely:

Months 2-3 total coins mined was 1.37 million. Their likely overall share of roughly 50% makes that 685k. It could have been a little higher but we know from the above quote that they mined for less than two months so this seems a reasonable estimate. Which comes to right around 6.85% of the current supply.

If anyone thinks that a group of large miners and smart coders spending >$250K (plus a lot of coding work) to mine and sell 6.85% of the current supply during the second and third months of a coin launch is a disaster, then yes you should stay away from Monero.

That's hardly the point. He contributed code back but other people can contribute in other ways. A lot of marketing and trying to convince sites to support a coin can be done by anyone. In fact it is often more effective if it comes from many grass roots supporters than from a few coin developers.