Bitcoin Forum
November 18, 2017, 11:56:35 PM *
News: Latest stable version of Bitcoin Core: 0.15.1  [Torrent].
 
   Home   Help Search Donate Login Register  
Pages: « 1 2 3 4 [5]  All
  Print  
Author Topic: A question about the release of Darkcoin/Dashcoin  (Read 3686 times)
smooth
Legendary
*
Offline Offline

Activity: 1596



View Profile
December 31, 2015, 06:40:38 PM
 #81

Just to be clear. If Evan released early so he or others could instamine or just mine early and some people missed out, I don't necessarily think Evan did anything wrong. What I'm concerned about is that it may come up as an issue at some point in the future and negatively impact the project

Are you saying that Evan misleading people to think he would launch later than he actually did is okay?

Meaning he basically lied to people from the launch?

adhitthana is entitled to his own value system. All's fair in love and crypto is somewhat understandable. Even if he does think it was okay to lie about the launch, withhold the development plans until after instamining it, etc., he's being smart in recognizing that not everyone will see it that way, and that affects the prospects going forward.

1511049395
Hero Member
*
Offline Offline

Posts: 1511049395

View Profile Personal Message (Offline)

Ignore
1511049395
Reply with quote  #2

1511049395
Report to moderator
1511049395
Hero Member
*
Offline Offline

Posts: 1511049395

View Profile Personal Message (Offline)

Ignore
1511049395
Reply with quote  #2

1511049395
Report to moderator
1511049395
Hero Member
*
Offline Offline

Posts: 1511049395

View Profile Personal Message (Offline)

Ignore
1511049395
Reply with quote  #2

1511049395
Report to moderator
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
1511049395
Hero Member
*
Offline Offline

Posts: 1511049395

View Profile Personal Message (Offline)

Ignore
1511049395
Reply with quote  #2

1511049395
Report to moderator
1511049395
Hero Member
*
Offline Offline

Posts: 1511049395

View Profile Personal Message (Offline)

Ignore
1511049395
Reply with quote  #2

1511049395
Report to moderator
1511049395
Hero Member
*
Offline Offline

Posts: 1511049395

View Profile Personal Message (Offline)

Ignore
1511049395
Reply with quote  #2

1511049395
Report to moderator
smoothie
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
December 31, 2015, 06:51:12 PM
 #82

smooth pointed it out...It was planned all along  Grin

Masters

To defeat propagation problems, master nodes are elected each new block. They are responsible for being the authority of what goes into the joined transaction each session. This is done in a tamperproof way, but I think it’s not important to the discussion.



connected


Great, now that everything is stable, I'll be posting later about the vision of this project and milestones! Time to move on to actually implementing what I set out to do.


Great indeeeeed $$$$$$$$$$



Let me add this to this compilation:

http://lists.linuxfoundation.org/pipermail/bitcoin-dev/2013-December/003964.html
Quote
Evan Duffield eduffield82 at gmail.com
Sun Dec 29 18:53:19 UTC 2013
Previous message: [Bitcoin-development] Fees / prio to be confirmed within ....
Next message: [Bitcoin-development] Looking for GREAT C++ developer for   exciting   opportunity in bitcoin space
Messages sorted by: [ date ] [ thread ] [ subject ] [ author ]
Hello,

We’re a startup looking for 1 or 2 really good C++ programmer that is
familiar with the bitcoin internals to help with a for-profit startup.

We will be able to provide more information about the project after signing
a non-compete/non-disclosure agreement. Our coin will be one of the truly
unique coins that are not just a clone of the original Bitcoin code. In
short the project will be a merge-mined altcoin that will provide a very
useful service to the whole crypto-coin ecosystem.

If you have added any features to Bitcoin or related technologies this is a
definite bonus. Please include information about the work you’re done in
the space.

We have detailed plans on how to implement it and the roles we are looking
to fill. If interested please email eduffield82 at gmail.com with a
description of your work experience and we’ll vett the applications and
share our plans to see if you’re interested.

Thanks,

Evan & Kyle
Hawk Financial Group, LLC

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

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
smooth
Legendary
*
Offline Offline

Activity: 1596



View Profile
December 31, 2015, 07:18:56 PM
 #83

Quote
for-profit startup ... Our coin will be ... We have detailed plans on how to implement it and the roles we are looking to fill.

"I was working with Dash as a hobby"

Doesn't add up.
smoothie
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
December 31, 2015, 07:26:49 PM
 #84

Quote
for-profit startup ... Our coin will be ... We have detailed plans on how to implement it and the roles we are looking to fill.

"I was working with Dash as a hobby"

Doesn't add up.


Of course Evan will likely never want to discuss his DOUBLE SPEAK much like how he ran away from Anonymint's retort which ripped him a new asshole.

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

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
The Pharmacist
Hero Member
*****
Online Online

Activity: 966


Verify - The Future Of Reputation


View Profile
January 01, 2016, 01:39:19 AM
 #85

What you want to know? It's dead. Shitcoin  Smiley
Good, glad someone said it here.  It's an altcoin that doesn't have any advantages that make it any more useful than the hundreds of other shitcoins on the market right now.  I played with DASH faucets for a while with the DASH wallet on my android, and it was just another crappy coin to me and I stopped. 

Avoid like plague.

                              ▄█▄         ▄█▄
                            ▄████▀      ▄████▀
                          ▄████▀      ▄████▀
                        ▄████▀      ▄████▀
                      ▄████▀      ▄████▀
                    ▄████▀      ▄████▀
 ▄█▄          ▄      ▀█▀      ▄████▀
▀████▄      ▄███▄           ▄████▀
  ▀████▄     ▀████▄       ▄████▀
    ▀████▄     ▀████▄   ▄████▀
      ▀████▄     ▀████▄████▀
        ▀████▄     ▀█████▀
          ▀█▀        ▀█▀
.verify.▄  █▄
██ ███▄
██ ████
██ ████
██ ████
██ ████
██ ████
██ ████
▀█ ████
   ████
   ████
█▄ ▀███
███▄ ▀█
▄  █▄
██ ███▄
██ ████
██ ████
██ ████
██ ████
██ ████
██ ████
▀█ ████
   ████
   ████
█▄ ▀███
███▄ ▀█
▄  █▄
██ ███▄
██ ████
██ ████
██ ████
██ ████
██ ████
██ ████
▀█ ████
   ████
   ████
█▄ ▀███
███▄ ▀█


Senior Member
adhitthana
Legendary
*
Offline Offline

Activity: 1190



View Profile
January 01, 2016, 02:14:18 AM
 #86

Just to be clear. If Evan released early so he or others could instamine or just mine early and some people missed out, I don't necessarily think Evan did anything wrong. What I'm concerned about is that it may come up as an issue at some point in the future and negatively impact the project

Are you saying that Evan misleading people to think he would launch later than he actually did is okay?

Meaning he basically lied to people from the launch?
Without hearing Evan's side of the story I don't know what to think.
But again my concern is not that he did something wrong but that at some point in the future these events might impact negatively on Dash.
adhitthana
Legendary
*
Offline Offline

Activity: 1190



View Profile
January 01, 2016, 02:24:13 AM
 #87

Just to be clear. If Evan released early so he or others could instamine or just mine early and some people missed out, I don't necessarily think Evan did anything wrong. What I'm concerned about is that it may come up as an issue at some point in the future and negatively impact the project

Are you saying that Evan misleading people to think he would launch later than he actually did is okay?

Meaning he basically lied to people from the launch?

adhitthana is entitled to his own value system. All's fair in love and crypto is somewhat understandable. Even if he does think it was okay to lie about the launch, withhold the development plans until after instamining it, etc., he's being smart in recognizing that not everyone will see it that way, and that affects the prospects going forward.


Even if he did deliberately mislead (and I'm not saying he even did that) I would not necessarily condemn him. In his shoes I may have done the same.
But it may look bad if Dash ever starts to attract serious attention.  
smooth
Legendary
*
Offline Offline

Activity: 1596



View Profile
January 01, 2016, 07:37:17 AM
 #88

but that at some point in the future these events might impact negatively on Dash.

Look, the events and/or the appearance of the events already do impact negatively on it, and that will never change.

You can't take forum posts from random people like this one

That is the reason many people do not touch Dash. Otherwise it could be a successful anonymous coin.

at face value, but it is representative of how the brand is severely tarnished. When you have people like Charlie Lee, who is very prominent in the community, generally very well respected, and who does a lot speaking appearances, talking about how important it is for a coin to be launched in a fair manner and how the instamine holds Dash back, there can't be any question that the perception does matter.

https://www.youtube.com/watch?v=k1h_UZLhYsQ&t=1804
arielbit
Legendary
*
Offline Offline

Activity: 1386


View Profile
January 01, 2016, 09:26:53 AM
 #89

let me add why honesty is important to any coin, honesty breeds trust, aside from technical mambo jumbos, trust is a major pillar in crypto currency because it isn't backed by any government, gold, or institution/s.
smoothie
Legendary
*
Offline Offline

Activity: 2072


LEALANA Monero Physical Silver Coins


View Profile
January 01, 2016, 11:24:46 AM
 #90

let me add why honesty is important to any coin, honesty breeds trust, aside from technical mambo jumbos, trust is a major pillar in crypto currency because it isn't backed by any government, gold, or institution/s.

Many dash proponents appear to think that


Profits > Honesty

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

            ,╓p@@███████@╗╖,           
        ,p████████████████████N,       
      d█████████████████████████b     
    d██████████████████████████████æ   
  ,████²█████████████████████████████, 
 ,█████  ╙████████████████████╨  █████y
 ██████    `████████████████`    ██████
║██████       Ñ███████████`      ███████
███████         ╩██████Ñ         ███████
███████    ▐▄     ²██╩     a▌    ███████
╢██████    ▐▓█▄          ▄█▓▌    ███████
 ██████    ▐▓▓▓▓▌,     ▄█▓▓▓▌    ██████─
           ▐▓▓▓▓▓▓█,,▄▓▓▓▓▓▓▌          
           ▐▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▌          
    ▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓─  
     ²▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓╩    
        ▀▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▓▀       
           ²▀▀▓▓▓▓▓▓▓▓▓▓▓▓▀▀`          
                   ²²²                 
███████████████████████████████████████

. ★☆ WWW.LEALANA.COM        My PGP fingerprint is A764D833.        SMOOTHIE'S HEALTH AND FITNESS JOURNAL          History of Monero development Visualization ★☆ .
LEALANA  PHYSICAL MONERO COINS 999 FINE SILVER.
 
arielbit
Legendary
*
Offline Offline

Activity: 1386


View Profile
January 01, 2016, 11:44:26 AM
 #91

let me add why honesty is important to any coin, honesty breeds trust, aside from technical mambo jumbos, trust is a major pillar in crypto currency because it isn't backed by any government, gold, or institution/s.

Many dash proponents appear to think that


Profits > Honesty

but be wary, these dash proponents twist it like this...

communism = fair launch.

capitalism = instamine that helped and incentivized  the development of dash.

this is not an issue about communism and capitalism...it is a simple issue of honesty.
PoS
Full Member
***
Offline Offline

Activity: 187


If you can be anything, be kind and fair


View Profile
January 01, 2016, 05:09:42 PM
 #92

Quote
for-profit startup ... Our coin will be ... We have detailed plans on how to implement it and the roles we are looking to fill.

"I was working with Dash as a hobby"

Doesn't add up.

Evan has proven time and time again that he is a lying scam artist.
Serious money will never support this crap co(i)n, no reason to. It's like thinking Nigerian spam mail will be everyon's choice, other than the few proponents.

dnaleor
Legendary
*
Offline Offline

Activity: 1428


Want privacy? Use Monero!


View Profile
January 02, 2016, 02:53:38 PM
 #93

adhitthana, I guess this summary of the early DASH history will interest you. It provides you with all the answers to your questions. All sources are included.
When you read it, you'll be surprised to find out DASH actually started in 2013 in stead of 2014:

Quote

The official story about the instamine: https://dashdot.io/alpha/?page_id=118
Evan Duffield:“The instamine happened, there is no one disputing that fact. The crypto-community at large has no problem with this except a few who think it’s trying to be hidden in some way. In fact, I posted multiple times about the instamine, first in “The Birth Of Darkcoin” which is an account of the first few weeks of the launch and the mistakes that were made. Recently I also posted spoke about the Instamine in the video “Virtual Corporation”, which considers the concept that it might have been key to Dash’s success, which I believe now. It’s also important to note, I was working a very challenging day job while working on Dash in the first couple weeks. So I was putting out fires every night, keeping tabs on Dash during the day (while getting yelled at by my boss when he caught me a couple times). Eventually I quit when I got Dash stable enough to work on full time and decided I really wanted to explore what I could do with it. “

----------------------------------------------------

The evidence shows that it was a planned instamine. This wasn't mentioned before launch.
The features of this coin were also not public at launch.
=> Nobody was really interested in the coin at launch, making this instamine more a kind of "stealth launched premine".
In my books, that's a scam.

Please don't ignore the facts:

2013-12-29: 2 guys from Hawk Financial Group, Evan & Kyle, are asking on the Bitcoin Dev mailing list for "1 or 2 really good C++ programmer that is familiar with the bitcoin internals to help with a for-profit startup". They are planning to build a unique coin that is "not just a clone of the original Bitcoin code" but in stead "a merge-mined altcoin that will provide a very useful service to the whole crypto-coin ecosystem". They claim to have "detailed plans on how to implement it".

2014-01-18 There were some issues at launch, so Evan said he would postpone the launch and would "definitely not" launch it in the next hours. But he did launch it a few hours later.

2014-01-19 Xcoin was launched.
This was the emission in the first 72 hours of the coins existence:

This was the emission of the first 100 days:

At the moment, there are about 6 million DASH in circulation. There would be 84 million Xcoins eventually.
Note that in the first hour, 500k Xcoins were mined. Due to the "quick fix" of the bug, not many people expected to launch a few hours after Evan said he would "definitely not" launch in the next hours.

2014-01-19 Right after the launch, there were problems with the windows binaries. Evan clearly was mining right from the start, as he offered 5000 Xcoin as a bounty for compiling the binaries.

2014-01-20 After the emission of almost 2 million coins, Evan said that "now that everything is stable, I'll be posting later about the vision of this project and milestones!". Up until this point, only the "X11 hashing algoritm" was a known feature. According to him, it was "time to move on to actually implementing what I set out to do".

2014-01-22 Evan releases his plans for XCoin. At this point, more than 2 million coins were mined.

Xcoin rebranded to Darkcoin and eventually to DASH later on.

---

Later on, some contradictions surfaced:

* The emission schedule changed multiple times. The latest we heard is that the number of coins would be somewhere between 14 million and like 16 million DASH.
* Evan said that this project was just a hobby he started while working on a full time job and coded Xcoin in a weekend.
* Evan claims there were hundreds of miners if not thousands when Xcoin launched. Recent investigation showed that there were 124 IP addreses that were mining at the start. 115 of those addresses where Cloudhosting and Dedicated Servers, 9 of them seem to be private/users.106 of them were at Amazon AWS and Microsoft Azure cloud instances.
 
---

Conclusions:
*Evan isn't acting alone, he had/has a team behind him right from the start. It wasn't a hobby. he had a plan to make a profit.
*Evan had plans for his coin right from the start, but didn't release them until after the instamine
*1.5 million coins were mined in the first 8 hours. Most of these coin ended up in his (and his friends) hands. It's very likely the 500k in the first hour were only mined by him with cloudhosting services.
*He lowered the emission later on, to make his relative share of coins bigger.

How can this be all an accident (like Evan is always saying) and NOT be intentional?

FACT:
>Evan was looking for c++ devs for a "for profit startup" at the end of 2013 for the launch of an altcoin.
QUESTION:
>How can you make a profit by launching an altcoin (and be sure to be able to pay your devs)?
ANSWER:
>by intentionally premining and/or instamining.

How he did it is pretty easy:
*telling people the release would definitely not be in the next couple of hours and after that do launch it a few hours later
*buggy windows binaries
*a "code error" creating 500k coins in the first hour, >1.5 million in the first 8 hours.

=> DASH was clearly a planned instamine (and thus a scam)


Searching for a trusted escrow service? Check my trust. I use a Trezor device for my escrow services, so your coins are safe. Fee: 0.5% or 0.05 BTC, whichever is lower
I support the largest public transparent p2p ledger Bitcoin (16TwXyEmpz7xKHbyVufZECXGFmUH9wHUyW) and the best private fungible digital cash Monero (dnaleor.weuse.cash)
Cetere mi opinias ke Dasho estas detruenda.     |     1Credit - Fair emission, better than BTC > CLCqECaYpCahgKRsXJiVBzgsiz57ZHfr4u
Pages: « 1 2 3 4 [5]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!