looking for truth: if dash is scam, where are the victims?

[cryptohunter]

But dash isn't a bad coin imo, as I said.

Shitcoins that were fraudulently distributed and continue to be fraudulently distributed with a masternode scam that funnels coins to the insiders (who stole the instamine) perpetually while breaking the security of the anonymity are not bad coins by your illogic.

Nothing is bad. Just eat shit (feces) for breakfast please and report back on your health later.

When you don't understand, why can't you just admit to yourself that you don't understand.

Last time I checked, the colors black and white were distinct. Seems you live in a world with one color: grey. Fried eggs are grey, fried feces is grey, etc...

I did admit my ignorance,  thank you very much.  Now I want to ask an honest question: There was a coin supply reduction,  was there not?  What was the significance of that?  I've read people complaining about that and I'm not sure what the issue is.  And I don't understand a lot of how crypto works (like masternodes).  I have used Dash and that's why I like it. 

A quick and easy illustration ....

This example is not a correct representation of xcoin/dash (this example is actually more fair) but this scenario has similarities that will help you get a general feel of situations in life where you have already been dashed....

Imagine you're at a party with around 99 other people and you're told soon there will be a giant cake. Everyone loves cake and wants a slice. You're told the cake will start to be divided up fairly in 2 hours. When you turn up in 2hours the cake has been hidden but you can hear scoffing sounds from behind the this door. The door is locked. Everyone looks at each other and starts knocking on the door and asking are you eating cake in there? "Yeah yeah" a handful of people say from the other side of the locked door..." don't worry you can have some soon. Sorry we started early and locked the door we'll leave you some we're not eating too much too fast. Plenty left for you guys".

The door eventually opens and the remaining 95 people can see the cake. Sadly a very large amount of the cake has been eaten so obviously the rest will have a far far smaller slice each than they should have done.  That seems pretty unfair does it not??? How did they eat so much cake so quickly. It's like they can eat cake 10x faster than other people.

But wait - - (the reduction part)

The five people in the room say to the other 95 people - - what do you need all that left over cake for?? they take away 75% of the remaining cake and throw it in the garbage.  Then they say... anyone got a problem with that ?(in between mouthfuls of cake they are still consuming from the tiny part of the cake left) are you trying to say you didn't get your fair share of this delicious cake? it's really really tasty here try some. For a while nobody says anything . Then all of a sudden one person says is this a really a slice of cake or a crumb....looks like a crumb to me? then others start to notice they only have crumbs too. This was a huge huge cake enough for us all to have had at least a little slice


So here in the above scenario you can see that although they greedy five ate way way way more than their share behind the locked door. It would not have been quite so bad (although very very unfair anyway) if they had allowed the other 95 people to share the reasonable chunk of cake which was left over. They still could have had a mini slice each. However, by taking 75% of that remaining cake away they reduced everyone else to having crumbs only.

[The Sceptical Chymist]

Thanks cryptohunter for the considered reply.  I understand your analogy,  but I have to ask--and I'm trying not to come off as completely dense--who are the initial people locked out of the cake room and what was their initial stake in Dash? Are these miners you're talking about?

The other question I have is, does all this matter to people who buy dash now?  The devs can no longer victimize people, am I right?

[cryptohunter]

Thanks cryptohunter for the considered reply.  I understand your analogy,  but I have to ask--and I'm trying not to come off as completely dense--who are the initial people locked out of the cake room and what was their initial stake in Dash? Are these miners you're talking about?

The other question I have is, does all this matter to people who buy dash now?  The devs can no longer victimize people, am I right?

The miners who were promised a fair share if they came to the party were the ones locked out. (As I said that analogy was not a perfect one for dash. Just to give you some idea)

Their stake was the same as at any party they attend. We are comparing one party with another party only. We must always compare the same thing.
At every party they attended before and after there was no lock door between them and the cake at other parties. Where they were promised a fair share of cake they got a fair(er) share of cake. You can't expect them to say this was a great party compared to the other parties they attended.

I think the masternodes iare yet but another way of getting unfair advantage once you are already ahead.  Either way I would prefer to stay away from that project now. You have probably read all the threads and done your research. So if you like it now then stick with it. Everyone must make their own choices I guess.

Never get attached to any one project. I have found only disappointment lies down that path. Eventually something always happens and you realise you simply became too fixated. I'm not saying dash is the worst. I think probably there are more sneaky tricks happening all the time but you just can't observe it.

[generalizethis]

The other question I have is, does all this matter to people who buy dash now?  The devs can no longer victimize people, am I right?

Evan is a US/Arizona citizen, and if he is implicated in a state, fincen or SEC investigation, the price will likely suffer, so yes, what was done in the past can effect those investing today. Also, keep in mind the voting mechanism is being advertised as fair, which means because of the unfair distribution from the launch, that this statement probably is as much BS as the "fairly and transparently launched" statement from the dash ANN.

This all but ignores the insecurity of X11 and the less than optimal privacy of darksend, which from a tech perspective, seem  the greater tragedies of false advertising since they are undisputed by most experts, but not grasped by the layman who is more likely to chalk it up to FUD or technical debate than real threats to the coin's survival--but those fallacies will work themselves out eventually whether there's a securities investigation or not. You've been warned, take it for what's it worth--the onus is squarely on you and the research materials are mostly in this thread (though you may have to dig for the technical stuff to get a better grasp on the problems outlined).

[TPTB_need_war]

The other question I have is, does all this matter to people who buy dash now?  The devs can no longer victimize people, am I right?

The diagram of how Dash works now (and I suggest you click that quote below and read that entire thread over there):

[...]

Here is diagram of the scam of the flow of electronic digits printed ongoing out of thin air:

PRINTING PRESS ----> INSIDERS -----> INVESTORSFOOLS

[mkc]

Can anyone prove dark sent has defect? Or can anyone prove dark send is mathematically correct?
I mean, the inventor sneak himself a few million, big deal. Bitcoin inventor also pocket himself a million coins. We can not ask everybody as Saint as satoshi. I am okay with Evan.
The reason dark coin is still around is Dark Sent.

[TPTB_need_war]

Can anyone prove dark sent has defect? Or can anyone prove dark send is mathematically correct?

I documented a high school level math lie"error" in InstantX where the masternodes compromise the security. The similar math applies to the anonymity of DarkSend. Also I hear DarkSend requires 10 minutes. Monero's anonymity is instantaneous and no masternodes to spy on you.

I mean, the inventor sneak himself a few million, big deal. Bitcoin inventor also pocket himself a million coins. We can not ask everybody as Saint as satoshi.

I wrote:

As for satoshi, the coins he controls are not 1% (or 150.000)... numbers floating around are in the range of 1mn+.

5% is not 32.1%. And because no one cared about crypto-currency, because he invented the entire sector. Evan invented only how to scam cleverly because there are many now who want to mine. And I dispute that 5% estimate.

[toknormal]

Imagine you're at a party with around 99 other people and you're told soon there will be a giant cake...

This analogy is nonsense. Kind of like the rest of the green-eyed, butthurt whining on here.

I acquired my Dash for peanuts - well after the launch and all its associated problems that you cite and I've been at a gain ever since.

I documented a high school level math lie"error" in InstantX where the masternodes compromise the security

You've documented lots of things around these forums. The reality is, far from being an technical "authority" on cryptos you're a trainspotter with zip experience outside of wallpapering bitcointalk threads with your own recycled quotes day after day.

(And long may it stay that way so we may be spared the daunting prospect of any of your idle ramblings actually turning a reality that wastes people's money as well as forum acreage ).

[TPTB_need_war]

You've documented lots of things around these forums. The reality is, far from being an technical "authority" on cryptos

Dude I've been schooling Gmaxwell and for example TierNolan among many others. Get a grip on reality.

Evan replied in my thread and did not refute my assertion of the egregious math error.

Please don't waste my time again. Please. I don't have time to respond to all your slobbering.

[toknormal]

Please don't waste my time again.

I don't think you need my help on that front.

[aleix]

Please don't waste my time again.

I don't think you need my help on that front.

    

[generalizethis]

Still waiting for Tok, Aliex, Evan, or any of the dash community to refute the evidence that X11 and instantx are terrible crypto (even by dash's low standards), but I'm guessing they're theoretically-challenged and need to see the coin break before they realize there's a problem--until then they will try to distract with calls of butthurt jealousy and FUD. There will come a day when the theoretical problems outlined will become real to this cult of instaminers, and on that day, their ANN will ring triumphantly with posts of "I told you so, dumbass." Until then, they can bathe in the glory of their combined ignorance. My guess is there's a lot of pee in the water.

[toknormal]

Still waiting for Tok, Aliex, Evan, or any of the dash community to refute the evidence that X11 and instantx are terrible crypto (even by dash's low standards)

I didn't invest because of its algo. I bought because of its monetary properties and I wasn't aware that I was having to account for your investments as well as my own.

If thats what's most important to you then presumably you're a big enough boy to go and pick something that suits you without my endorsement 

[generalizethis]

Still waiting for Tok, Aliex, Evan, or any of the dash community to refute the evidence that X11 and instantx are terrible crypto (even by dash's low standards)

I didn't invest because of its algo. I bought because of its monetary properties and I wasn't aware that I was having to account for your investments as well as my own.

If thats what's most important to you then presumably you're a big enough boy to go and pick something that suits you without my endorsement  

I pick coins that won't break because they picked the right algo and weren't stupid enough to combine 11 of them for 11 times the insecurity.

Also, still waiting for one of the dash community to refute the weaknesses of X11 and instantx--your ideas on money properties hardly qualify as refutation of the bad crypto dash was built on. But I'm sure your house of sand won't blow away before you can cash out, if that's your worry.

[Mike8]

i hear a lot of people (ehm monero or nsa or other anon coins supporters) screaming all around the web about the DASH scam or whatever

is there any victim of this scam? can you reveal here in which way and how much you lost? what is the scheme?
i want numbers, real stories

You demand quite some attention from a new account.
I doubt that this is your main account. Did you lose it? 
However, oddly enough, you've got your answers.

[qwizzie]

i hear a lot of people (ehm monero or nsa or other anon coins supporters) screaming all around the web about the DASH scam or whatever

is there any victim of this scam? can you reveal here in which way and how much you lost? what is the scheme?
i want numbers, real stories

You demand quite some attention from a new account.
I doubt that this is your main account. Did you lose it?  
However, oddly enough, you've got your answers.

yep, only one person felt a victom because he wasnt aware of the instamine and sold his Darkcoin afterwards which of course is a bit strange to hear as the instamine
has been discussed endless times in this section alone and also has been read by 13.688 viewers since 29th of march 2014 on Darkcoin / Dash's official site


https://dashtalk.org/threads/the-birth-of-darkcoin.162/

and has been discussed in much more details here :

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

In this article, we explore the impact of the “instamine” on the Dash ecosystem. There’s been talk from the very beginning of Dash about the very first 24 hours, 1.9 million coins were issued. We gained access to Evan Duffield to directly answer some questions about the instamine and give us an account of what happened.

A little bit of investigation about a coin's history before investing actually any money into it is really not that much to ask ... is it ?    

I could drag Monero's history into this as well, seeing how many member of them are gathered in this thread to spread fud about either the masternode network, Evan Duffield, Darksend mixing or the Dash community  but whats the point ? Its not like they are hiding their cripple miner software problems from their early days ? or trying to hide that their webwallet has more security holes in it then Swiss cheese or that
they still dont have an offically supported GUI wallet after more two years .... there is a word for this all of course, a simple powerfull word :

Hypocrite

  
  

[generalizethis]

i hear a lot of people (ehm monero or nsa or other anon coins supporters) screaming all around the web about the DASH scam or whatever

is there any victim of this scam? can you reveal here in which way and how much you lost? what is the scheme?
i want numbers, real stories

You demand quite some attention from a new account.
I doubt that this is your main account. Did you lose it?  
However, oddly enough, you've got your answers.

yep, only one person felt a victom because he wasnt aware of the instamine and sold his Darkcoin afterwards which of course is a bit strange to hear as the instamine
has been discussed endless times in this section alone and also has been read by 13.688 viewers since 29th of march 2014 on Darkcoin / Dash's official site


https://dashtalk.org/threads/the-birth-of-darkcoin.162/

and has been discussed in much more details here :

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

In this article, we explore the impact of the “instamine” on the Dash ecosystem. There’s been talk from the very beginning of Dash about the very first 24 hours, 1.9 million coins were issued. We gained access to Evan Duffield to directly answer some questions about the instamine and give us an account of what happened.

A little bit of investigation about a coin's history before investing actually any money into it is really not that much to ask ... is it ?    

I could drag Monero's history into this as well, seeing how many member of them are gathered in this thread to spread fud about either the masternode network, Evan Duffield, Darksend mixing or the Dash community  but whats the point ? Its not like they are hiding their cripple miner software problems from their early days ? or trying to hide that their webwallet has more security holes in it then Swiss cheese or that
they still dont have an offically supported GUI wallet after more two years .... there is a word for this all of course, a simple powerfull word :

Hypocrites

  

Qwizzie, you're a fucking moron. The only reason there isn't a GUI is that the developers (unlike the shit developers at dash) want to get the coin right before making it available to a general audience--notice they didn't slam 11 algos together making the coin 11 times insecure or fuck up remedial math with a poorly thought out instantx scheme. As for the crippled miner, that's pretty well documented and hardly on par with dash's launch, but nice use of supposition as FUD.

But again, I ask you, Evan, Tok, Aleix or any of the dashtards to refute the claims that X11 and instantx are extra-shitty designs in a world of shit designs. Marketing (or scrambling to divert attention away from poor design) isn't going to save your coin from the epic fail that is Evan's design choice--but congrats to him for fooling a few speculators with x-names and soda machines in the meantime.

[meme magic]

... seeing how many member of them...

Two. I know it's hard to count, but two ffs.

Now three. But this will be my only post here.

[qwizzie]

looking for truth: if dash is scam, where are the victims?

I somehow doubt any of these Monero fanatics that replied in this thread are a victim here..... so where are they ?
victims please step forward, i promise no harm will come to you 

[generalizethis]

looking for truth: if dash is scam, where are the victims?

I somehow doubt any of these Monero fanatics that replied in this thread are a victim here..... so where are they ?
victims please step forward, i promise no harm will come to you 

^^look up, 3. I know dashtards are mathematically challenged, but come on!