Darkcoin: The only thing done professionally is the scamming. The code is like bits and pieces hanging about full of bugs and holes and patched up after kind members of the crypto world point them out. It had more forks than anyone cares to count. The appropriate name would be Forkcoin.
The question remains is the dev simply is not capable of, or if it is done on purpose, personally i say the later just looking at facts.
So the coin launches and straight away problems, why, incompetence or a deliberate scam?
Well there is a relaunch so the hoard of keen miners of newly launched coins who looked forward to the launch turn there miners back to whatever coin they where mining. Some time later relaunch, more problems and announcement of relaunch in couple of days. By this time even the last miner gave up and could see no value if the dev is not even capable to launch a copy and paste coin.
Then having the mining world to himself as the original miners now sleep, bang, launch much earlier then announced at 4AM on Sunday. Straight away 50 nodes are fired up with the reward 500 coins no hard limit then changed to 84m and miner receives 100% of coins and no pesky masternodes to pay. (Soon the miner receives 40% of 4 coins reward)
Keeping a partial section of the coin closed source made sure not to many miners would join in this struggling xcoin thing with its doggy record and so many different coins available to mine at that time.
It is well documented that large amounts of coins changed hands back then it is equally well know that dev was a active buyer of large sums of coins. Spending a few thousand was no big deal as money was no object for dev and knowing full well that the bigger his stash of coins the bigger the interest payment for ever.
So the big reward mining coming to an end what was needed next was some interest in his coin. How you get that, well you sign up to the crock mintpal exchange and negotiate a flat fee and then buy and sell, back and forth your own coins. Soon the is volume sky high at little cost. Damn that must be a good thing little Willy thinks i better buy a bag full, its only $xx.
Dev always had more than 50% of coins, to this day and the nature of the coin means his percentage can only get bigger over time. Selling? Why would he have sold a single coin at any stage knowing he can get free coins forever with every 1k bundle he holds and only dumps some coins coming of his earnings from the
scam masternodes.
From no max coins to 21m limit cap and 0% to 60% for masternodes and the caravan ventures on and enters the next town.
Windows wallets, yeh the pesky things everyone uses es-special the hobby miners, a well screw them let them buy the free generated coins later.
drillbaby: windows version, both wallet and daemon - won't sync
eduffield: Awesome!
Is it simply a string of unfortunate events and incompetence or a scam from the word go, you judge.
On his last stop in town he had this to saySorry about the accidental self-moderated threat.
Show Posts
