Comparative to other crypto I have no idea, nor do I particularly care. It bears some vague resemblance to the Bytecoin scam I happen to be familiar with, in that a fake cover story was created in order to "sell" the instamine/premine. Now obviously the details are different. (I don't think anyone here is claiming darkcoin was created by aliens.) In general though, it is totally impractical for me to actively police coin scams. I don't go around examining every coin or other crypto-related scam to see what sort of questionable or outright deceptive practices I can find.

What I come across, I come across.

As for this particular coin, I've addressed it previously on this thread and I will be subscribed here now, so I'll reply on topic as various issues are discussed.

More discussion is on another thread: https://bitcointalk.org/index.php?topic=999886.0

Research continues.


Not in my opinion nor the option of any credible experts I've discussed it with or heard comment on it. Kristof Atlas's review was mixed at best as I interpret it. No doubt it was/is spun more positively here.

But it doesn't surprise me that no one here is interested in those sorts of things, as you say, comparative to other crypto, not much different. Everybody wants their coin pumped and doesn't want to hear negatives.

Better vote for him, or else: https://bitcointalk.org/index.php?topic=723764.0

It's not about thick skin or not. Since I've gotten dragged into this cesspool of a scam coin and looked around some more, its looked shadier and shadier. When I didn't really know much other than some vague notion of an instamine and some snake oil anonymity concept called masternodes I was content to mostly ignore it. But now that I've seen what I've seen, I won't be ignoring it.

Quote: "If you see fraud and don't shout fraud, you are a fraud"
   -- Nassim Taleb (author or Black Swan and Anti-fragility; credit to opennux for the quote)

The hard part is verifying that the fiat transfer actually occurs (and can't be reversed).

As far as decentralized exchanges I don't necessarily agree. If you might get back 'tainted' coins, and if that matters, people just won't use them, or only people with already -heavily-tainted coins would (which of course guarantees you will get tainted coins in a race to the bottom). Who would want to trade untainted coins and get tainted ones back?

It would be if it were a "rampage". I don't see it that way. I give my opinions, which are frequently disputed, denied or attacked, or responded to by attacking another coin in some non-responsive way.

If opposing views were welcome here and not treated as "trolls" things might go differently. I hate to keep borrowing a term from iCEBREAKER but he's absolute right that attack-the-attacker is the usual MO around here when anyone presents an opposing view.

Furthermore I don't really know that it makes sense to lump together all of the DRK skeptics who are posting here these days (not sure if that's what you meant by rampage either). I certainly don't have any connection with them.

I don't know if it is underpriced or overpriced. I guess it just depends how popular it becomes (is it the only coin used on that market or just one of many, etc.), also how willing people are to hold onto it (even just temporarily) while using it for trading.

As far as barriers, none really, at least no hard barriers. The development effort is there, and the fact that without the DB build the memory requirements are pretty high. But really, if a half dozen or so exchanges, plus xmr.to, plus a former (now absconded) gambling site, and some other sites can integrate the code there can't be show stopping barriers to it.

This will all get better as we continue ticking off the development goals (see web site for the list).

God, that sounds like a pain to find that. I'll see.

I think it was this one, where he was responding to my comments on the dashcoin thread: https://bitcointalk.org/index.php?topic=421615.msg10708741#msg10708741

I don't think I've ever posted on this thread before that, except maybe once or twice during some BCX drama.

No, it wasn't "insiders" at all, it was an expert computer scientist (dga) and his miner partners, who were able to spend a lot of money and make more money from that, but the overall supply curve was not affected at all. Plenty of other people (including me) were able to mine with the regular miner and still be profitable, which was quite remarkable, but the market was very hot at the time too. It's all well documented (including the non-involvement of the insiders; in fact we were thwarting their efforts as quickly as we could) on his blog somewhere.

EDIT: here:

Pretty much. I was aware of the instamine and other scammy dealings here for a while, as they were occasionally mentioned on Monero threads but I generally ignored it, occasionally traded posts with illodin a few times as he can attest. The bashing of dashcoin, and especially when I started getting trolled by name here, was with really inspired me to speak out against this crap.

No, as evidenced by the several exchanges that have already done it (including a few more that aren't around any more).

Walletnotify/blocknotify are are APIs from bitcoin (and bitcoin forks) and when we support something closer to those (it likely won't ever be exact because of the inherent differences in the technology), it will become easier to integrate with systems already supporting those other coins. But without them it can obviously still be done, just with a bit more work.

Okay let's go ahead and attack-the-attacker then:


Yeah, sure, that's why I've gone after countless other scams too, and why there are plenty of other coins doing fine I'm saying nothing about. Furthermore, DRK hasn't really gained any ground against Monero in the past month, in fact DRK/XMR is down over the past month or so, although mostly in a trading range for months. Mostly what has happened is that both coins have done well as privacy has become a bit hot. So, no, this has little to do with XMR vs. DRK to me.

I quite simply don't like how the whitewashing of the instamine continues (especially with the rebrand apparently intended to go after wider markets who probably don't understand that kind of scams that come out of crypto), didn't like the aggressive and arrogant attitude against dashcoin (opened my eyes to how disgusting many of the people who support this coin really are), and don't think the technology is worth much either.  And finally I was invited to this thread as a result of one of you DRKtards attacking me here over my comments on the dashcoin thread. So thank whichever one of you that was if you don't think I should be here.

DRK/XMR btw:




Everything comes down to a greed motive in the eyes are DRKtards, which is not surprising. You tend to see everyone else as you see yourself.

With all due respect its impossible for you to know that.

If and when Evan unexpectedly and unavoidably walks away because of some "personal" matter or some other "accident", but conveninently has already dumped his coins (along with a few of his whale friends) you will be left with a worthless bag.

Or perhaps when whales pull their support for whatever reason and the market cascades down in an avalanche of people rapidly trying to salvage some value out of the coins they had tied up in masternodes for the yield (but never really planned to expose to large losses). Most likely Evan and the whales will have already dumped (at least some of their coins). You and especially newer buyers will again be left with a worthless bag.

I can't guarantee that any of this happens, but the red flags of deception and self-interested behavior with poor ethics are there. This whole thing reminds me a lot of people who used to argue with me about MtGox or a few other scams. No way that could be a scam, they said, just technical problems, temporary banking issues, etc.  I'm making money trading there, why should I pull my coins out? (I pulled my coins out even though I too was making money trading there.)

Anyway, we'll have to agree to disagree somewhat.

I'll leave you with this tidbit though. Satoshi did not solo mine, not ever:

I don't think you have any idea how hard anybody works, not that its any of your or anyone else's business since we are all volunteers anyway. You're just making an ass of yourself by suggesting otherwise, or maybe trying to divert attention away from the instamine scam, I'm not sure which.

Our own damn pockets, like the rest of the close to 200 BTC we've spent on the coin out of pocket (after donations) so far. A lot of that at higher USD/BTC prices too.

Wrong thread though. Unless attack-the-attacker is your actual intent.

Maybe 2, maybe 4. There was one view that it should be >5 (I don't disagree in the abstract) but 8 seems a bit high. Yes about the social contract and that's what makes anything that isn't a power of two a bit tricker to stick with the same curve (but not impossible). With power-of-two it is trivial.

That is a huge whitewash filled with the same sort of half-truths as the FAQ, which I explained earlier here and also on the other darkcoin instamine thead.

It says nothing about the lie about waiting a few days followed by the late night ambush launch, the broken code, the lack of disclosure of development plans until after instamine or a bunch of other rather important but perhaps inconvenient details, but that's been covered elsewhere. More to come.

You know, troll gonna troll. If its not the GUI it would be something else.

After all, when you have no good response to criticism, ATTACK THE ATTACKER.

Yes probably. It should probably be slowed down some when we do a hard fork for other things like MRL-0004. The one minute block time was one of those things that TFT did anyway despite everyone else disagreeing. It was never intended that way (except by him, for god knows what reason).


Yes there is no reason that would be any different than Bitcoin. There are some simpler improvements too, like just sending a few bytes of the txid with each block instead of the whole thing (most of the time transactions in a block have already been sent).

I'm still trying to figure out how this all relates to the instamine scam and ongoing deception.