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5081  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DASH Collapsing Monero UP on: August 06, 2015, 09:29:34 PM
Correct me if im wrong, but i always thought it was an instamine rather than a premine, still im annoyed i didnt mine them earlier or at least buy a few because i could have had fun while it lasted and dumped the whole lot in the beginning lol.

1) Dash's developer, Evan Duffield, released Dash before it's intended release date(Which means the instamine could also be partly counted as a premine)

Exactly.  The coins which were mined previous to the announced release date are obviously premined, whether or not they were included in the genesis block.


^this makes the most sense. If I hold an election and votes cast in the first hours are worth more than votes cast afterwords, the vote would always have an asterisk next to it in the history books if the election date was moved up in the middle of the night and/or only those with rare credentials or at the right location were able to vote.
5082  Alternate cryptocurrencies / Altcoin Discussion / Re: Should the Deepwebs adopt Monero [XMR]? on: August 06, 2015, 09:24:02 PM
I don't think the deepwebs will adopt Dash, due to the fact it has already been established to be a failed currency.
It's not anonymous, and is easily traceable by the masternodes.

lol... masternodes can't trace anything unless you have basically all of them, which you don't.

Where is the cryptanalysis proving your assertion?

PDF format, please.  Like this:

https://downloads.getmonero.org/whitepaper_review.pdf
5083  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DASH Collapsing Monero UP on: August 06, 2015, 09:12:13 PM
Coin was released, mining started. Not the other way around. Do you know what a premine is?

The coin was released only to the dev's VMs.

Quote
"You want me to trust your assertion that you accidentally mined 2 million coins and didn't relaunch to validate your claim of a fair launch?" says Institutional Investor.

"But it was an accident!" says Evan.

"Get out of my office." says Institutional Investor.



Let's take a look at the first 5 h of Darkcoin DASH (XCoin at that time)...

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.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!

5084  Alternate cryptocurrencies / Speculation (Altcoins) / Re: [XMR] Monero Speculation on: August 06, 2015, 09:04:11 PM
Yay, I earned 5 XMR by shorting Digital Trash!

5085  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DASH Collapsing Monero UP on: August 06, 2015, 09:00:33 PM
Good riddance, they are now desperately harassing fluffypony on twitter for calling their scam out: https://twitter.com/TaoOfSatoshi/status/627173115840364544

Calling out someone for lying is now harassing? Do you know what a premine is?

You know you've gone off the reservation when you have to put in "this is not a thread, it just sounds like one" disclaimers in your clearly threatening posts.

As if a "this is not a threat it just sounds like one" disclaimer is going to impress a judge (or probation officer).   Cheesy

What that has to do with lying about DASH having a premine?

DASH clearly had a premine because the dev mined millions of coins before releasing the software to the public, in contradiction of his earlier statements.

Besides, calling someone a liar is completely different than saying "we know where you live, watch your back."

You DashHoles have done that more than once.  If Dash is funded by gamblers and mob lawyers, it shows here:

Quote
https://dashtalk.org/threads/kyle-hagan-is-no-longer-part-of-the-development-team.3225/#post-33461

Kyle needs to understand that many have invested their time and money in this technology and any threat to this investment will not be taken lightly nor will be ignored. A person who has a known location, known identity, young children and other responsibilities should act smarter and avoid making unwanted attention by getting drunk and talking shit. That's all I can say publicly about this issue and urge Kyle Hagan be smart about what he does and talks in the future.

And here:

Quote
https://bitcointalk.org/index.php?topic=421615.msg12057588#msg12057588

this is not a threat but a fact of life - screw over enough people and some of those people just might come looking for you - if you think you live in a country where you can't be touched, LOL - depends on how hard you fucked somebody over - it is what it is mate

And here:
Quote
https://bitcointalk.org/index.php?topic=421615.msg12057588#msg12057588

You are bold man: being known and identifiable in RL by the community and still harassing, and making such accusations...
5086  Alternate cryptocurrencies / Altcoin Discussion / Re: [WARNING] Don't ever talk badly about Darkcoin / DASH / The Darkcoin Foundation on: August 06, 2015, 08:42:24 PM
Here's a couple more examples of the DashHole cargo cultist's threatening 'attack-the-attacker' behavior:

I too have been vexed.... And am trying to be civil in understanding IceBreaker aka Eduardo motivation here.  I can see the odd comment every few months being thrown in.... But if one is to believe that this is the same individual behind the Hashfast-scam... I find this constant badgering to be incorrigible.  I mean think of the irony  and hypocrisy of his actions.   I have real friends that where scammed and lost real money by this man's former company and he has the constant audacity to be here calling others scammers or even criminals.   Unbelievable.

Come on now - You're a BIG BOY Rich :-P
You know that real criminals, that believe they will never be caught, like to flaunt around - 'LOOK AT ME!! CAN'T TOUCH ME!!'

A time will come when he get's his
We might not know what happened but - somebody will....

I'd hate to be Eduardo when the shit does down in his life.

https://www.youtube.com/watch?v=1pCQS6_hJ28




[disclaimer: this is not a threat but a fact of life - screw over enough people and some of those people just might come looking for you - if you think you live in a country where you can't be touched, LOL - depends on how hard you fucked somebody over - it is what it is mate (Eduardo is not a mate but a little bitch and you know what bitches get - and that's fucked - enjoy the DICK's Eduardo)]

https://www.youtube.com/watch?v=05hTBAOnDQE



edit: and of course in this previous scene: Eduardo is Steve........ HELLO!!!
lol


Karples arrested

EDuffield is next.....

No wonder otoh...

You are bold man: being known and identifiable in RL by the community and still harassing, and making such accusations... Your acts are a crime in the place where I am from. (Does it show you have already nothing to loose?)
5087  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DASH Collapsing Monero UP on: August 06, 2015, 08:41:06 PM
Good riddance, they are now desperately harassing fluffypony on twitter for calling their scam out: https://twitter.com/TaoOfSatoshi/status/627173115840364544

Calling out someone for lying is now harassing? Do you know what a premine is?

You know you've gone off the reservation when you have to put in "this is not a threat, it just sounds like one" disclaimers in your clearly threatening posts.  EG:

https://bitcointalk.org/index.php?topic=1006273.0

https://bitcointalk.org/index.php?topic=421615.msg12057588#msg12057588

https://bitcointalk.org/index.php?topic=421615.msg12023555#msg12023555

As if a "this is not a threat it just sounds like one" disclaimer is going to impress a judge (or probation officer).   Cheesy
5088  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DASH Collapsing Monero UP on: August 06, 2015, 08:26:13 PM
Good riddance, they are now desperately harassing fluffypony on twitter for calling their scam out: https://twitter.com/TaoOfSatoshi/status/627173115840364544

DashHoles get very angry and aggressive when you call out their scam.  They are intensely interested in their critics' personally identifiable information, and often allude to negative consequences for enemies of their cargo cult.

I wonder if they are the ones gmax reported making death threats, and that's why he's not clearing up the issue of who offered to pay him to use his name for marketing Dash's snake oil.
5089  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 08:20:55 PM
China vehicle sales: 2004: 3 Million - 2015: 20 Million
US vehicle sales: 2010: 10 Million - 2015: 17 Million

Consumer goods like vehicles are intentionally kept pumped up by cheap and easy credit.  That's not an indicator of economic growth any more than flat panel TV sales or NFLX subscribers.

Next you be pointing at Malibu real estate and the stock markets, burbling cheerful slogans about All Time Highs.   Grin

Learn to read a fucking chart and follow Zero Hedge Knowledge for 10 years, then get back to me with your cherry picked Pollyanna projections.
I would follow those conspiracy idiots at Zero Knowledge not for 10 minutes.

Some alleged conspiracies on 0H turn out to be true.  EG: before 2008, everybody yawned when 'paranoid libertarians' complained about the Plunge Protection Team.

But suddenly:  http://www.huffingtonpost.com/eben-esterhuizen/conspiracy-is-goldman-sac_b_186629.html

Quote
Tyler Durden, one of the best financial bloggers around, have found some circumstantial evidence that suggests the mysterious Plunge Protection Team (PPT) has recently been boosting the stock market. And some might say Goldman Sachs is running the show...

The Working Group on Financial Markets, known colloquially as the Plunge Protection Team (PPT), was created in 1988 by Ronald Reagan, in response to the Black Monday stock market crash in 1987. Their operations have always been shrouded in secrecy, with a Washington Post article from 1997 writing that the group aims to prevent the "smoothly running global financial machine" from locking up.

Conspiracy theorists have long claimed that the PPT manipulates U.S. stock markets by using government funds to buy stocks in the event of market dislocation, but skeptics argue that such an operation would be unworkable.

Durden, author of the ZeroHedge blog, thinks he found some evidence of the PPT's interference with the market. He cites an unusual piece of data on program trading, a part of the stock market that is controlled by mysterious computer programs that use mathematical formulas to buy and sell stocks.

According to the New York Stock Exchange, last week's volume of program trading was 8% higher than the 52 week average. It's strange that program trading volume would be increasing so sharply when overall market volume is declining, says Durden. It's even stranger to note that principal trading, which occurs when a brokerage buys or sells stocks for its own account, is running 21% above 52 week average. New York Stock Exchange weekly volume, on the other hand, is running about 9% below 52 week average.

"A very interesting data point, also provided by the NYSE, implicates none other than administration darling Goldman Sachs in yet another potentially troubling development," writes Durden. "Key to note here is that Goldman's program trading principal to agency+customer facilitation ratio is a staggering 5x, which is multiples higher than both the second most active program trader and the average ratio of the NYSE, both at or below 1x."

And now:  Ex-Plunge Protection Team Whistleblower: "Governments Control Markets; There Is No Price Discovery Anymore"

#REKT  #CONFIRMED
5090  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 08:02:48 PM




Most of those projected sales are in Asia, where rice farmers are trading their water buffalo for small trucks.

Oh wait, why are you using an outdated, narrowly focused, PROJECTION from 2013?

Did you not notice the key word "PROJECTION" in the name of the .jpg?

Did you also fail to notice the PROJECTION label with the little arrow under it?

Face it buddy, you are way out of your league trying to debate me on the facts of the ongoing financial crises and economic collapse.

Learn to read a fucking chart and follow Zero Hedge for 10 years, then get back to me with your cherry picked Pollyanna projections.



See the green box labeled "Oops?"  That's where you get #REKT.   Smiley
5091  Alternate cryptocurrencies / Speculation (Altcoins) / Re: DASH Collapsing Monero UP on: August 06, 2015, 07:46:13 PM
Shorting Dash is fun and profitable.  Shorting Monero is stressful and dangerous.

5092  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 07:10:20 PM
this is whom yall chose to place your faith in  Huh



why don't you give us the link to that quote so we can put it into context, you disingenuous Kid Troll.  i assume he was referring to this great video:

http://www.bitedge.co/blog/imf-managing-director-christine-lagarde-discusses-bitcoin/

note Hearn is speaking from the perspective of others for the most part.

Hearn is, as usual, speaking from the perspective of Sand Hill Road and sigint.google.mil.  Of course he's going to apologize for the status quo, on behalf of his puppet masters TPTB.

The context, in the form of the comment to which Hearn is responding, was provided.

Hearn's asinine deflection speaks for itself.  It's not "hard to ask for more" than the current slaps on the wrist and bailouts TBTF banks currently enjoy, as perks of financing deficit-spending welfare-warfare States and their drug-running/money-laundering TLAs.
5093  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 06:47:18 PM
The economy has been growing since 2010.

The economy has been growing since 2010.

OMG, it keeps getting more hilarious each time you say it.  Tell us another one!   Cheesy Grin Cheesy Grin Cheesy


Yes, it has been growing since 2010.

What a comedic tour de force.  Do you get your information from Gavin (AKA Bitcon's Chief Economist) or from book-cooking Obamanomics experts like Krugman?


WOW such economy!  Very growing!   Cheesy

#REKT
5094  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the darkcoin/dash instamine matters on: August 06, 2015, 06:36:36 PM
I don't like Dash because of its "bad crypto" tech and "snake oil" marketing.

I've asked you repeatedly on numerous threads to explain (in detail) your statement, but all you do is repeat the same name-calling exercise.  Here is yet another chance to prove that you have more substance.  Back up your statements with facts, proof, theories, dam near anything or just shut up.


The burden of proving Dash's crypto isn't snake oil is on you DashHoles, not me.

But here's the best beat-down of Dash's "bad crypto" I've seen:

https://www.reddit.com/r/Bitcoin/comments/2zufu1/a_great_podcast_by_lets_talk_bitcoin_discussing/cpmvogy

Quote

1.    Darkcoin had a problematic launch: 2 million Darkcoin were mined in the first day (incidentally, there are around 2 800 Darkcoin emitted daily right now, so that should give some level of contrast). This may not seem to relate to your question, but it is important to establish the legitimacy and technical competency of the developer. The fact that the block reward does not match either of the three block reward formulae published by the developer is worrying. This points to an outright scam at worst, pure incompetence at best.

2.   When dealing with a cryptocurrency you need to be able to cryptographically and mathematically prove a particular claim. So in the original Bitcoin whitepaper Satoshi was able to mathematically prove the validity of the longest chain rule. The rest of his cryptographic claims were backed by the papers he quotes (Adam Back's Hashcash paper in particular). Darkcoin has no cryptographic proofs of their claims. This is important, because a cryptocurrency is a manifestation of cryptographic theory, not the other way around. If you try and shoe-horn it the other way around you'll likely find your model unsafe under the most basic of assumptions.

3.    The developer seems to eschew well-defined, anti-fragile, and proven Bitcoin concepts (eg. building a model based on paying for services via micropayment channels) for bizarre models that are poorly implemented and fragile (eg. payments based on uptime make a MasterNode a ripe target for DDoS attacks null-routing that IP).

4.    I have seen no evidence that InstantX transactions are not susceptible to malleability. This means that it is trivially easy to disrupt every InstantX transaction, and the network will fall back to processing them as "normal" transactions.

5.    This malleability approach also allows for easy forking of the network if you own a subset of MasterNodes, whereby your malicious MasterNodes vote for both of your transactions and feed those votes to two groups of miners. The claim made in the InstantX "whitepaper" is that the conflicting messages will "cancel each other out", but once the network is forked that isn't the case, as half the conflicting messages won't even be received by the one part of the forked network. By continuing to run this group of malicious nodes, feeding sets of InstantX transactions that appear to be voted in as valid, you can keep the network split indefinitely.

6.    The entire basis for "anonymising" transactions is based on clients being online at a given point in time, which means that those clients are also open to leaking information via temporal association.

7.    The developer seems to have a grave lack of understanding when it comes to the danger of incentives. The clearest example of this is this table of MasterNode ROI. As you can clearly see, a MasterNode's ROI is substantially higher when there are fewer MasterNodes. Thus there is clear incentive for a MasterNode operator to systematically attack and destroy other MasterNodes, but not so much that the network ceases to exist. Just enough to double or triple his ROI. Incidentally, this is a self-fulfilling prophecy, as in a hypothetical future where Darkcoin is processing thousands of transactions an hour it will require quite a hefty server to act as a MasterNode. The fewer MasterNodes there are, the more work individual MasterNodes will have to do, which means that those run by non-technical people or on cheap VPS's will be the first to go, eventually leaving a group of big boys with big guns operating the remaining MasterNodes.

8.    We've already seen ample evidence of law enforcement turning seemingly anonymous people into informants (eg. Sabu), hacking servers, and infiltrating systems in other ways. It is safe to say that LEA could also outrightly purchase large portions of the MasterNode network. It is impossible to tell which MasterNodes are real and which are owned by LEA (in perpetuity). Unfortunately it appears that the developer's line of reasoning, with respects to "how much" privacy Darkcoin gives you, started with the assumption that a supermajority of the MasterNodes are honest / not being watched / not infiltrated by LEA. This leaves open a huge, gaping hole whereby all of the "mixing" MasterNodes are involved in can be revealed by an owned / compromised majority. I can guarantee that the bulk of all MasterNode operators do not know even the first piece of opsec required to keep from your tin from being tampered with.

9.    MasterNodes can be tricked into believing they can no longer accept new connections, simply by filling up all their file descriptors. It is somewhat trivial to force new connections to a group of MasterNodes under your control.

10.    The developer has no clue how dangerous and stupid it is to chain hashing algorithms, as you open them up to pre-image attacks among other things. As a security researcher who discovered a flaw in chained hashing algorithms in PHP concluded: "The underlying problem is that combining cryptographic operators that weren't designed to be combined can be disastrous. Is it possible to do so safely? Yes. Is it a good idea to do it? No. This particular case is just one example where combining operations can be exceedingly dangerous. But the bottom line: never roll your own crypto. It can have fatal consequences."
5095  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 06:12:16 PM
The economy has been growing since 2010.

The economy has been growing since 2010.

OMG, it keeps getting more hilarious each time you say it.  Tell us another one!   Cheesy Grin Cheesy Grin Cheesy

(Frap.doc, please replace the battery in your sarcasm detector.   Wink)

EDIT:



#REKT
5096  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 05:31:55 PM
paging Janet...

down she goes:

[gloom.png]

[doom.png]

Silly Frap.doc, you just need to borrow a pair of rose-colored glasses from Gavin or Zarathustra.


Recessions, crises, depressions appear cyclically. As everybody knows. The economy has been growing since 2010.


See?  Keep calm and long AMZN.
5097  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 04:27:21 PM

20MB was always Gavin's opening gambit ...


Oh sure...and getting broken on the Blackwater was always Stannis' opening gambit ...

If you backpedal any faster it might cause a time vortex.   Smiley
5098  Alternate cryptocurrencies / Altcoin Discussion / Re: Why the darkcoin/dash instamine matters on: August 06, 2015, 04:08:00 PM
Privacy should be inherent at the protocol level, not attempted as an added feature

Why?

Because mathematically proven 'good crypto' is preferable to Dash's 'bad crypto.'

https://downloads.getmonero.org/whitepaper_review.pdf

You can't simply glue privacy onto a Bitcoin-like transparent protocol/blockchain.  A house is only as strong as its foundation.

So you don't like DASH, you should've just said that instead of contradicting yourself with illogicalities about building or not building on top of strong foundations.

I don't like Dash because of its "bad crypto" tech and "snake oil" marketing.

Dash's glued-on fake privacy kludge is a joke, not mathematically proven "good crypto."
5099  Alternate cryptocurrencies / Announcements (Altcoins) / Re: [ANN][DASH] Dash | First Anonymous Coin | Inventor of X11, DGW, Darksend and InstantX on: August 06, 2015, 03:49:02 PM

The topic of this thread is Dash, not your epic buttburn about Peter Todd's successful trolling.
5100  Economy / Speculation / Re: Gold collapsing. Bitcoin UP. on: August 06, 2015, 03:36:43 PM

PT is getting trashed in the rest of the comment section those who seem sick of him are getting very highly upvoted

https://www.reddit.com/r/Bitcoin/comments/3fuz2s/peter_todd_against_gavin_on_the_bitcoindev/

I think this whole blocksize "debate" has opened a lot of people's eyes.

the pro-bigger block upvotes on Reddit, IN GENERAL, are increasing in intensity and pitch and trashing Cripplecoiner's.  the whole lot of Blockstream core dev has been "in absentia" for weeks now and even the personal attacks against me are subsiding in intensity.

poor Cripplecoiner's.  the day of reckoning is nearing.

Reddit has made their decision, now let them enforce it.  Remind me, how many divisions does Chairman Pao command?   Grin

The max block size isn't changing anytime Soon®; you are wasting your energy pounding sand here.

Trash PT and iB all you like, it makes no difference to the Honey Badger of Money.   Cool

Remember the day your beloved overhyped 20mb Gavinblocks' got #REKT like Germanwings Flight 9525?  In case you forgot:

http://cointelegraph.com/news/114481/chinese-exchanges-reject-gavin-andresens-20-mb-block-size-increase

Hah, that was good times!   Cheesy  Cheesy  Cheesy
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