"freelance programmer" - is that how you dismiss your guilt?
Please, next thing I'll hear is a hitman saying that he wasn't guilty of murder because he was "freelance" and was "hired to do it".
Nice strawman. You really are adept with logical fallacies, huh?
Evidently, you are ignorant of two things,
1: the coin was publicly available to mine during that period,
Yes, "publicly" available in the depths of the newbies forum where no one checks for new coin releases. The initial 10k blocks are a dead giveaway that someone was trying to line their own pocket. It's transparent as hell.
2: The difficulty...
Did you never consider that the difficulty might also factor into play here? No... because you see linear growth and you assume fair mining, that is not the case at all.. those lower difficulty blocks in the other coins were mined way faster than the higher ones causing there to be a group of insiders getting all the easy initial coins.
False. If there were "easy coins" to be had, the supply graph for the initial days would be high. DGC was launched with a scaling block reward that didn't pay out in full until a reasonable difficulty was reached. It had a
provably fair launch. There were no "easy coins" like goldcoin had an excess of.
From GoldCoin's initial release statement:
"You may saw other crypto currency releases that offered "bonus blocks", and surely by the time you started mining, said "bonus blocks" are gone. Also, as an influx of miners pounds away at the new coin, the difficulty increase kills profitability, and interest, and eventually the coin withers and dies. Not GLDcoin. Even if difficulty skyrockets in the first few weeks, mining should still be profitable based on the higher block rewards that favor early adopters of the currency."
I think we stand pretty clear on this point,
Hilarious. The 10k blocks were gone instantly with GLD. The 1k blocks only lasted for an hour. The very scenario you claim did not happen, is in fact what happened!
You're sitting here, trying to say that giving early insiders a shitload of coins is somehow good for the coin? That is what causes devaluation of the coin, and causes people to stop mining it.
It's why goldcoin died.
Coins like DGC have been successful due to the fair launch and good reward structure. Meanwhile, Goldcoin sits on the sidelines trying to trick newcomers into thinking it's a good coin, when all the data points to the contrary.
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