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Dash is such a monstrous screw-up it does not even pass a simple toothpick attack.
Imagine half the dash and half the masternodes changing hands at once.
The only good tech to be found is how to shuffle lots of coins into one pocked.
There is no way Dash can be taken seriously as a cryptocoin its a fad at best.
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Masternodes translated to the real world is like this:
You get a bunch of workers to your place, give them some drinks and some cigarettes and they stand around all the time and to nothing except laugh at you and make jokes, piss on your lawn.
At the end of the day you reach into your pockets and pay them for having done absolutely nothing.
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This list is so old not even Evan Duffield is on it yet, he gets his fair share of the vote  |
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He forgot to add that the "Easy Mine" is limited to one hour  |
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What they fail to see is the fact that they must find noobs at the same rate or faster they increase there holdings otherwise there pyramid game collapses.
Are you talking about inflation? Quiz for you, what is the inflation % of DASH? What is the inflation % of XMR? Dont care about the inflation of a coin and even less about XMR. Do care about scammers, cheats and fraudsters. |
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Most Dashers have dropped out of school otherwise they would see the flawed design there cult leader leads them into.
In there mind if they increased there holding from say 3000 coins to 3300 for free is a good thing and there on the way to unimaginable riches. What they fail to see is the fact that they must find noobs at the same rate or faster they increase there holdings otherwise there pyramid game collapses. So far they managed to spin a few yarns, enough to keep it going, but at some time even the slowest of slow soul will not be willing to buy anymore.
Like every pyramid system the closer to the top you are the better, the last once bit the dogs.
Masternodes are good to increase the instaminers holding for no additional cost. So the number of instapremined coins "grows" by the minute. 50% of all new mined coins can be added to the fraud.
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Whenever coins101 begins his obvious trolling, direct him to this post. Let me sum it up entirely:
Dash:
Evan Duffield who is Dash's developer, released Dash before it's intended release date and started mining it then. This means Dash also has a premine as well. During the first 2 days of Dash's existence, there was 500 coins per block that was being mined, and from that, 2million+ coins were mined. After 2million+ coins were mined in the first 2 days, the 500 coins per block output was reduced/sliced and diced to under 100, instantly making those instamined/premined coins worth more. Then to make things worse, the max coin supply was cut from avg. 80million to 20million. However, the likely scam/fraud didn't finish then, as all of that was done while mining was restricted to Linux-only users(90%+ of all people use Windows), and for a period of time, the only person able to mine Dash was it's developer, Evan Duffield, as the public miner wasn't working.
What does the stat "90%+ of all people use Windows" has to do with this? More relevant stat would be, what percentage of crypto currency miners have access to Linux. What to gain from that? Well for starters, Dash started off as a likely undeniable scam. It's Objective, as the history of this is recorded in the blockchain. None of this is personal, nor opinionated, it is all Fact. To make things even worse however, there's still an address that owns 11% of all Dash currently in existence, with inputs dating back to the instamine: https://chainz.cryptoid.info/dash/wallet.dws?559582.htm. So besides the fact that close to 40% of all Dash in existence currently were instamined in 2 days, there's also a guy that owns 11% of all dash. So practically 50% of all Dash *coins* are owned by the instaminers and 1 person, that's an absolute despicable distribution.
Having a strong hand and an investor is a positive thing for every other coin except DASH? Also your logic that 50% is owned by instaminers is just flawed, or are you claiming that none of them has sold any coins? You're just putting numbers and pieces together and constructing fabricated results that suit your agenda. Am I on ignore? It is well documented that Evan was a active buyer. So i got my 2 million premine in the pocket. https://bitcointalk.org/index.php?topic=421615.msg4629218#msg4629218yeh 500 reward accident ..enjoy them while they last |
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I still don't get what you Monero guys are trying to accomplish here.
Despite what the obfuscators and whitewashers (and rabid "Monero Is A Scam" types) want to suggest, this thread has nothing to do with Monero. Yes I want Monero to succeed, but that has nothing to do with the fact that I despise what Evan has done and continues to do with Dash. As for whether Dash is going to succeed, we'll have to agree to disagree I suppose (maybe). I think it is virtually certain it will not, and anyone buying into this latest hype about "mainstream" adoption of Dash (it is light years away from getting any) or the idea of people outside of the altcoin ecosystem ever turning a blind eye to the fraudulent and/or near-fraudulent history of an embryonic system, particularly when less-impaired substitutes are available, is being played. (Mercedes is a huge company with a lot of power and influence, not a tiny little cryptocoin with a nearly unlimited number of competitors.) As generalizethis pointed out quite insightfully, people "out there" already think Bitcoin is a Ponzi scheme and Bitcoin is about a million times cleaner than Dash. I don't begrudge you using it as a vehicle for making money though, I think you know that. I always have respect for a good trade. I do wonder if Evan regrets instamining it though. Short term, it was a good trade for him, but at the cost of destroying any chance Dash could have had to actually making it big, or to make any real difference outside of altcoin speculation. Maybe he thinks that was worth it, I don't know. It can not succeed by the nature if its design. It is programmed to fail in the long run the only question is when. The more masternodes you have the faster you set up another masternode, with more masternodes more masternotes come faster -> dead spiral |
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... can't succeed
LoL ! You wish. I think your newfound buzzword "social contract"'s got you a bit over excited. When/If crypto gets regulated currencies like Dash would obviously not suceed anywhere. Scams like what happened with Dash dont usually work well with the average person adoption. Then to make things even worse, there's still an address with inputs connected to the original instamine, and that address currently owns 11% of all Dash in existence: https://chainz.cryptoid.info/dash/wallet.dws?559582.htm. So now we can undeniably say that Dash/Darkcoin's distribution after the instamine is horrible.Dash is simply a scam, the evidence is absolutely overwhelming. "owner unknown"  |
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Please stop repeating the "48 hours" story about the instamine. That timeline is part of the ongoing Dash whitewashing, or at least lightening, effort. After all, 48 hours sounds like a period of time when quite a few people could reasonably expect to get in there and mine with everyone else, regardless of time zone, etc. In fact, 78% of the instamine occurred within 8 hours and 92% of it occurred within 24 hours. Anyone showing up after the first three hours was already shut out of most of it. Specifically: Wtihin 1 hour of the ambush launch, 575.5k coins were mined. Within 8 hours, 1.57 million coins. Within 24 hours 1.84 million coins. By that time, the hourly mining had dropped to the relatively insignificant 10k coins/hour, 1/20th of the average rate over the first 8 hours. As you can see from this graph, after 9 hours, it was basically all over. If you went to bed when Evan told you go to go bed (because he "definitely" wasn't going to launch), by the time you woke up, you missed it.  The failed launch, classic. Dont worry it will be weeks before relaunch, have a few drink's, have a good sleep i only have a hundred notes. Noone mined the first hours except the once in the know. 10k insignificant? how much you get now, 4 or something of which you stash 50% on top of the 2 million shit pile. THEN I will listen what you have to say. who cares known fraud supporter, what was your name again? |
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They also: 1. Shorter than average (also between the legs) 2. Weaker than average 3. Get drunk fast Also 99% of weird stuff come from Japan  Wow! Another one! No source?  btw, Asia has some 100 countries, if you didn't know.. Asians CHEAT on their standardized tests to get into top schools. Maybe not Asian-Americans, but there's a whole industry of test-cheating in Asian countries, this is established fact.
Bud, you are generalizing what you think about a country (or two) to the entire continent. Each country is different and got their own merits and demerits.. Alphabetical list of countries in Asia A Afghanistan Armenia Azerbaijan B Bahrain Bangladesh Bhutan Brunei C Cambodia China Cyprus G Georgia I India Indonesia Iran Iraq Israel J Japan Jordan K Kazakhstan Kuwait Kyrgyzstan L Laos Lebanon M Malaysia Maldives Mongolia Myanmar (Burma) N Nepal North Korea O Oman P Pakistan Palestine Philippines Q Qatar R Russia S Saudi Arabia Singapore South Korea Sri Lanka Syria T Taiwan Tajikistan Thailand Timor-Leste Turkey Turkmenistan U United Arab Emirates Uzbekistan V Vietnam Y Yemen I think you missed Vanuatu here if you count vanuatu you also have to count mironesia, marschall island, nauru, kiribaty.........heck where you stop pitcain ireland? |
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yes evan intentionally launched the coin with a "bug" to get rid of every early miner yes evan misled people.... yes evan withheld information... yes evan instamint premined yes evan had a gpu miner long before anyone else yes evan is a fraudster yes evan lied, ASIC Resistant, the max coin amount is 84,000,000...... yes evan was an active buyer in the "redistribution" phase https://bitcointalk.org/index.php?topic=421615.msg5007248#msg5007248XCoin->Darkcoin->Dasher  |
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...............
I said fraud. Coin conveniently doesn't launch. Gives estimate and then proceeds to break that estimate conveniently at a time when most people would have regrouped and went to bed, then conveniently doesn't have it available in the most used format, and then conveniently doesn't relaunch in a fair manner to avoid the fraud label which you inconveniently have to answer for in posts such as this, but he conveniently never answers for himself. If it smells like a duck, looks like a duck, walks away like a duck it's probably Evan renaming his coin to conveniently distance his project from the instamine he pulled with xcoin. It was an instamine and it doesn't matter if there's a story to deflect attention that it was most likely intentional, it was an instamine. 500k in coins in the first hour is an instamine.
You can parse it in your mind any way you want, but don't tell me I've gotta be stupid too. It was an instamine and that you and Evan own for the life of the coin and there isn't anything you can do about it now. He could have relaunched fairly, he chose not to, and now you're gonna have to answer for it as long as the coin exist or for how ever long you chose to be one of Evan's lackey apologist.
I don't think there's anyone trying to say a lot of coins weren't mined fast in the beginning. I'm certainly not trying to. There were (and probably still are) hundreds of people F5'ing the ANN forums trying to instamine every coin's launch. It's a risk and effort people are willing to accept and sometimes it pays off. Just because you're too lazy to do it yourself doesn't mean you're entitled to be angry at those who aren't and get lucky once in a while. A lot of coins were mined in the beginning. Now we are here, and a lot of coins are still to be mined. More than many other coins have I might add. [/quote] obviously you conveniently forgot that in the future 60% of the coins come from the masternotes which in turn come by large percentage from the instamine fraudster. Your character stinks magnitudes more than any crack whore Keep your xcoin-darkcoin-dash-....... trash shit |
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There is difference between scam coin and shit coin. Scam coin promises something and does not deliver (also includes IPO, ICO, Hidden premine scams etc). Shit coin promises nothing and delivers nothing (coin dies due to lack of interest/growth). "Scammiest shitcoin" as you say is new category in my opinion.
There are not to many coins around to fit both categories. The xCoin come Darkcoin come Dash shit beat then all hands down. It had more forks than anyone dares to count, the design of the coin promises a spectacular end. The instamine scam is well known. Any fool who thinks the aon is of any use is welcome to report of the really nasty stuff done, lol. |
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wrong section this should be in the trash section (altcoin).
scams to not compete with bitcoin they get squashed
btw, thinking is better left to horses, they have bigger heads
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Looks like somebody's friend lost some money - https://bitcointalk.org/index.php?topic=1016230.0There is still another major scam going on in the altworld - Darkcoin/Dash ( Heavily instamined stuff) with ponzi like nodes locking the supply up and artificially inflating the price Be safe people, a little research before investing can save your money as always, after they have lost everything the crying starts the dash trash is programmed to have fatal end, only unknown at this stage is when it will happen like utoken guys think they can get out in time, lol  |
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Just waiting for the first brick and mortar store to deal with this scam within my neighborhood , will be reported instantly.
Abiding, assisting, participating in a know scam is one thing for a anonymous private person and another for a business.
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Honey look, look i got something  |
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There have been some scams around in cryptoworld but the Darkshit Dash beats them all  |
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