A question about the release of Darkcoin/Dashcoin

[adhitthana]

I am a bit skeptical of Dash, but I've been wrong before and I could be wrong about Dash. So, I have a question.
IIUC when Darkcoin/Dash was first released Evan Duffield told people that mining would start at a certain time. However (and again this is my understanding and I could be wrong), Evan then went and issued it early with the result that miners who had believed it would be released as he had said missed the early mining stage when many (?) coins were released/mined.

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

[1713430342]

1713430342

[1713430342]

1713430342

[1713430342]

1713430342

[1713430342]

1713430342

[bathrobehero]

I'm not sure about the early release but the poor early distribution is what most people have issues with:

[tokeweed]

Dash was ninja mined by the dev himself.  I say good job to that.  Long term success sacrificed for short term gain.  That says a lot about the dev.

[adhitthana]

Dash was ninja mined by the dev himself.  I say good job to that.

Obviously it's good for them, but is it good for me?

[tokeweed]

Edited my post to...

Dash was ninja mined by the dev himself.  I say good job to that.  Long term success sacrificed for short term gain.  That says a lot about the dev.

It could be good for you if you know how to trade and profit from it.  If you're a miner, I'm not sure if it's profitable for a newcomer to mine it.

[arielbit]

Edited my post to...

Dash was ninja mined by the dev himself.  I say good job to that.  Long term success sacrificed for short term gain.  That says a lot about the dev.

It could be good for you if you know how to trade and profit from it.  If you're a miner, I'm not sure if it's profitable for a newcomer to mine it.

tried to mine it march, 2014 it was too late LOL

[arielbit]

Dashcoin you say? https://bitcointalk.org/index.php?topic=1020627.0

LOL! 

[tokeweed]

^ What's with the supply reduction?  And how can they do that in the middle of the game?  That's not good if you're trying to set up a 'currency'.  I mean...  wtf dude?

[arielbit]

^ What's with the supply reduction?  And how can they do that in the middle of the game?  That's not good if you're trying to set up a 'currency'.  I mean...  wtf dude?

supply reduction is 10000 to 1 ... your 10,000 coins becomes 1 ....distribution wise - nothing is altered.

the objective of supply reduction is not to reach 1 satoshi - that may kill the coin in the exchanges once it hits BTC-DSH trading.

[illodin]

Cool thread, haven't seen these matters discussed anywhere ever before. 

^ What's with the supply reduction?  And how can they do that in the middle of the game?  That's not good if you're trying to set up a 'currency'.  I mean...  wtf dude?

Apparently the users and miners approved as they followed the fork, so that's how "they can do that". There are already hundreds of coins that do things the orthodox way, you're welcome to choose those if Dash isn't to your liking.

[arielbit]

haha illodin(DASH story) and me(dashcoin story) both answered HAHA

I blame evan duffield for this confusion  

[smoothie]

^ What's with the supply reduction?  And how can they do that in the middle of the game?  That's not good if you're trying to set up a 'currency'.  I mean...  wtf dude?

Ninja-instamine wasn't enough he felt that lowering the overall supply of the coin a few weeks later was a better idea than just leaving it as how it started.

Real solid/Coinhunter of solidcoin did this and that guy is a well known scammer.

I suspect the same will come of Evan in the future.

[tokeweed]

The supply reduction would make it easier to sell all the ninja mined coins if you cynically think about it.  

[arielbit]

the ninja mined coins are placed in masternodes.

masternodes competes with gpu and cpu miners.

ninja mined coins in masternodes POS are the "mining farms of DASH"

[Minotaur26]

I am a bit skeptical of Dash, but I've been wrong before and I could be wrong about Dash. So, I have a question.
IIUC when Darkcoin/Dash was first released Evan Duffield told people that mining would start at a certain time. However (and again this is my understanding and I could be wrong), Evan then went and issued it early with the result that miners who had believed it would be released as he had said missed the early mining stage when many (?) coins were released/mined.

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

You have been misled, if you are interested in knowing more about the launch issues be sure to read this article:

https://dashdot.io/alpha/?page_id=118


About all this discussion of the specific parameters that are required to be "crypto kosher" like if a crypto curreny project needs to follow a certain dogma, all I can say is reality trumps any preexisting ideas of what some people think a coin should be or how it should be managed.  Dash is intentionally disruptive and innovative. The goal is to produce a sustainable model for managing and growing a crypto currency and producing added value features for end users with a model that scales.

Historical snapshots from coinmarketcap are actually a great way to see reality. People were criticizing Dash just the same a year ago, but lets see what were the results of 2015.

This is a coinmarketcap.com snapshot of January 4th 2015




This is a coinmarketcap.com snapshot  December 30th 2015




That is the reality of things, Dash is the result of the effort of many volunteers and as a movement it will continue to grow and bring a new perspective to crypto.

Happy new year and the best for the coming year to everyone.

[arielbit]

I am a bit skeptical of Dash, but I've been wrong before and I could be wrong about Dash. So, I have a question.
IIUC when Darkcoin/Dash was first released Evan Duffield told people that mining would start at a certain time. However (and again this is my understanding and I could be wrong), Evan then went and issued it early with the result that miners who had believed it would be released as he had said missed the early mining stage when many (?) coins were released/mined.

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Sugar Coating Article

https://dashdot.io/alpha/?page_id=118

...and DASH price increases

ninja mined coins are not in circulation (in masternodes) and there was a supply reduction.... of course it will increase in price due to lack of supply

plus POS masternodes encourages locking coins because you earn interest...less coins in circulation, the rule of "supply and demand" follows.

[ridery99]

What you want to know? It's dead. Shitcoin 

[illodin]

ninja mined coins are not in circulation (in masternodes) and there was a supply reduction.... of course it will increase in price due to lack of supply

plus POS masternodes encourages locking coins because you earn interest...less coins in circulation, the rule of "supply and demand" follows.

Yes, Dash has a track record of making development decisions that make the coins people own more valuable.

When the next such development happens, I guess people who don't own any will moan about that too?

[generalizethis]

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

[CjMapope]

And on the subject of evan's intentions let it be known it was found that he was recruiting for the project when it began on the premise of "making a for-profit cryptocurrency" specifically. he planned on dash making him rich, and it did.