Bitcoin Forum
May 29, 2024, 11:15:03 AM *
News: Latest Bitcoin Core release: 27.0 [Torrent]
 
   Home   Help Search Login Register More  
Poll
Question: Does Evan regret instamining at 100x emission?
YES - It was an accident, he's an honest dev and regrets not relaunching the coin fairly - 24 (12.8%)
YES - he did it on purpose but got too greedy and has regrets due to how hated the coin is now - 21 (11.2%)
NO - It was an accident, but it worked out well for him. No regrets. - 27 (14.4%)
NO - he knowingly engaged in premeditated fraud and profited immensely from it - 116 (61.7%)
Total Voters: 188

Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34]
  Print  
Author Topic: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?  (Read 31363 times)
iCEBREAKER
Legendary
*
Offline Offline

Activity: 2156
Merit: 1072


Crypto is the separation of Power and State.


View Profile WWW
July 16, 2015, 10:17:51 PM
 #661

Well, the community have spoken.

It's a little surprising (or maybe not) that Evan doesn't have anything at all to say about this.

How 'bout it Evan? Nothing to add?  Roll Eyes

What could he possibly add?

This covers his role fairly exhaustively (until such time as legal discovery commences and subpoenas start flying):

Let's take a look at the first 5 h of Darkcoin (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!


██████████
█████████████████
██████████████████████
█████████████████████████
████████████████████████████
████
████████████████████████
█████
███████████████████████████
█████
███████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
████████████████████████████
██████
███████████████████████████
██████
██████████████████████████
█████
███████████████████████████
█████████████
██████████████
████████████████████████████
█████████████████████████
██████████████████████
█████████████████
██████████

Monero
"The difference between bad and well-developed digital cash will determine
whether we have a dictatorship or a real democracy." 
David Chaum 1996
"Fungibility provides privacy as a side effect."  Adam Back 2014
Buy and sell XMR near you
P2P Exchange Network
Buy XMR with fiat
Is Dash a scam?
AdamWhite
Hero Member
*****
Offline Offline

Activity: 605
Merit: 500



View Profile
July 17, 2015, 06:39:49 PM
 #662

His lawyers probably told him not to say anything... 

PoS
Full Member
***
Offline Offline

Activity: 223
Merit: 101


If you can be anything, be kind and fair


View Profile
September 28, 2015, 04:43:54 PM
Last edit: September 28, 2015, 07:11:32 PM by PoS
 #663

Quote
Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission?
NO, its a xcoin/darkxoin/dash major feature, the way evan sees it.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 [34]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!