The danger I see with Dash

[thesavoyard]

 If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

[thesavoyard]

I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. The token looks to me as a brand rather than Currency which is designed to be, another thing to consider is that most of the tokens are locked in Masternode, a POS token so their is price manipulation already

Proof of service, not proof of stake. The masternodes work just like miners do.

[johnwest]

If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

Yes. Dash is becoming the front runner now and it will be getting its glory in the near future. 

[iamnotback]

Remember I had found a high school level math probability error in their InstantX whitepaper.

Can you please point us to your post with review of InstantX?

I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread.

Actually it is cited in my whitepaper but I am too lazy to go grab it for you. 

[dfd1]

Remember I had found a high school level math probability error in their InstantX whitepaper.

Can you please point us to your post with review of InstantX?

I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread.

Actually it is cited in my whitepaper but I am too lazy to go grab it for you. 

Then it just means it's never happened, nor your InstantX analysis nor your secret whitepaper. I searched for netcash, by the way, and found nothing relevant.

[BitcoinNational]

Dash = Gambling ??  
https://bitcointalk.org/index.php?topic=1815213.0

friendly reminder: until 2 weeks ago YOBIT was one of the MAIN dash trade exchange.

YOBIT!

[iamnotback]

Remember I had found a high school level math probability error in their InstantX whitepaper.

Can you please point us to your post with review of InstantX?

I am not digging for it. Search this forum for "netcash", then dig through TPTB_need_war's thread.

Actually it is cited in my whitepaper but I am too lazy to go grab it for you.  

Then it just means it's never happened, nor your InstantX analysis nor your secret whitepaper. I searched for netcash, by the way, and found nothing relevant.

Liar. I just searched and the thread is the second result. Then you just need to scan the entire thread for InstantX. You'll even find what Evan replied in that thread about it.

Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you.

[dfd1]

Put up an escrowed bet of 0.2 BTC and I will produce the link to embarrass you.

Choose an escrow yourself, so you can't whine later about how you not trust escrow choosen by me.

[BitcoinNational]

If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

and we mute.

[Wexlike]

If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

LOL, what a shill. One of the worst premines in the history of altcoins.

[generalizethis]

If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

and we mute.

So thesavoyard can't find proof of the instamine by looking at dash's first hours of blockchain, then says that it was like they said, then says even if it happened it's all right, and then that dash has won.

Let me pile drive those moving targets in order:

1. You can look on the blockchain for your evidence of an instamine.

2. Evan had just relaunched the coin less than 24 hours earlier and chose not to do it again after he and his cohorts minted almost 2million coins in a day--so the precedent to roll back an error was there, just not the will.

3. They can have an ICO event, just don't advertise it as an accident--especially if you are going cut the emissions and add a staking mechanism to exasperate your stash.

4. Onecoin

[cryptohunter]

If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

It's your own responsibility to research after you have been given a warning/tip about something. But since you seem incapable I will assist you.


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.


SCAM = unfair and dishonest scheme = dash


This latest defence is so strange. Where are the victims ? what are you talking about it is there in black and white.

1. everyone who was told it was a fair launch LIKE ALL THE OTHER LAUNCHES AT THE TIME. - then prevented from mining fairly = scammed
2. everyone who was told there would be much more opportunity to mine ( then that got slashed by 75%) - prevented from mining the coins that were then taken away = scammed.

here are your victims.

3. everyone buying now thinking dash can go somewhere not knowing the scam it is will forever hold it back = being scammed.


Every dasher on here trying to scam others into supporting your scam = scammers.

I will be updating my scammers thread to add all of your names to it.

Denying a scam after it is proven time and time again to you in black and white = scam enabler and defender = scammer.


Threads examining the evidence of the captive instamine and reduction of the minting to magnify such instamining ...PROOF OF SCAM

https://bitcointalk.org/index.php?topic=999886.0

https://bitcointalk.org/index.php?topic=560138.0

https://bitcointalk.org/index.php?topic=559028.0

https://bitcointalk.org/index.php?topic=995710.0

https://bitcointalk.org/index.php?topic=999084.0

https://bitcointalk.org/index.php?topic=560138.0

[thesavoyard]

If you claim a Dash instamine without evidence, I'm going to dismiss you as a child. Adults should not make assumptions like that. They have a reasonable and probable explanation of what happened and no one can provide concrete evidence to refute. Besides, if he did take a share so freaking what I'm ok with ZEC doing it. They did create it after all. So stop with the BS, getting tired of hearing it. You lost, Dash won just face it.

It's your own responsibility to research after you have been given a warning/tip about something. But since you seem incapable I will assist you.


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.


SCAM = unfair and dishonest scheme = dash


This latest defence is so strange. Where are the victims ? what are you talking about it is there in black and white.

1. everyone who was told it was a fair launch LIKE ALL THE OTHER LAUNCHES AT THE TIME. - then prevented from mining fairly = scammed
2. everyone who was told there would be much more opportunity to mine ( then that got slashed by 75%) - prevented from mining the coins that were then taken away = scammed.

here are your victims.

3. everyone buying now thinking dash can go somewhere not knowing the scam it is will forever hold it back = being scammed.


Every dasher on here trying to scam others into supporting your scam = scammers.

I will be updating my scammers thread to add all of your names to it.

Denying a scam after it is proven time and time again to you in black and white = scam enabler and defender = scammer.


Threads examining the evidence of the captive instamine and reduction of the minting to magnify such instamining ...PROOF OF SCAM

https://bitcointalk.org/index.php?topic=999886.0

https://bitcointalk.org/index.php?topic=560138.0

https://bitcointalk.org/index.php?topic=559028.0

https://bitcointalk.org/index.php?topic=995710.0

https://bitcointalk.org/index.php?topic=999084.0

https://bitcointalk.org/index.php?topic=560138.0

And yet still, no one cares if a founder disproportionately profited from his own work. I aso think zec is justified to take 10%. It's clearly not holding it back.

[qwizzie]

Three years in existence and there is still debate about the instamine ..stuck in the past much guys ?

Who cares these days that Bitcoin has over a million bitcoins in the hands of one person named Satoshi ?
Who cares these days that there are coins like Monero that were cripplemined and come from a shady background ?
Who cares these days that Dash was instamined during its first two days, survived it and moved on ?

Does the market care ? No
Do customers care ? No
Are customers mislead about it somehow ? No

The only ones who care about it are those people who benefit financially from it as they are staked in a competing cryptocurrency and have ran out of valid arguments against Dash. Which means they now have nothing left to use against Dash then its instamine history.

Here is some official Dash clarification about the instamine that took place.

Link : https://www.dash.org/forum/threads/official-dash-instamine-issue-clarification.7569/

And yes, we are talking about instamine here, not premine. Anyone still using the term
premine with Dash is a noob and does not know the difference between premine and fastmine/instamine.

Apparantly we have a lot of noobs on this forum.

[target]

Just keep imagining that OP, buy more if you want to earn. You could help all the crypto coins anyway. This is what makes the world go round, if someone doesn't hold a stash of it and the price rise, they fud a lot and then buy to profit when it goes down enough. Its always going to be that way even when monero's price was just cents. Monero and Dash are not the same thing but both have good price spike today. Grab yours too.

[generalizethis]

Three years in existence and there is still debate about the instamine .. (lots of hand waving....)

Does the market care ? No

Do customers care ? No

Are customers mislead about it somehow ? No

(more hand waving...)

Yes, or else why address it--

Who are these customers? If you are selling a service, and under false pretenses, then yes, they should care--though greed is a common cause of cognitive dissonance.

Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamine (frontloading distribution), so the effect on a staking system is equal no matter how you want nitpick over what it is called. So the logic is:

If a premine is unfair distribution,
and an instamine creates the same distribution,
then an instamine is also unfair.

It's a simple syllogism most people can understand.

[qwizzie]

Three years in existence and there is still debate about the instamine .. (lots of hand waving....)

Does the market care ? No

Do customers care ? No

Are customers mislead about it somehow ? No

(more hand waving...)

Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamine

There is a difference between a premine and an instamine and as long as that difference is either overlooked or incorrectly used those people will be behaving like noobs.

noob : a person who is inexperienced in a particular sphere or activity, especially computing or the use of the Internet.

Personally i dont have a problem with noobs, i just dont think very highly of them. And lets face it, there is little point discussing something with a noob unless you want to educate
that noob. I dont have the time, energy or desire to do that.

[generalizethis]

Three years in existence and there is still debate about the instamine .. (lots of hand waving....)

Does the market care ? No

Do customers care ? No

Are customers mislead about it somehow ? No

(more hand waving...)

Yes, as you've pointed out, your are marketing dash as "no premine, fairly distributed." Most rational people would view the result of a premine as the same as an instamine

There is a difference between a premine and an instamine and as long as that difference is either overlooked or incorrectly used those people will be behaving like noobs.

noob : a person who is inexperienced in a particular sphere or activity, especially computing or the use of the Internet.

Personally i dont have a problem with noobs, i just dont think very highly of them. And lets face it, there is little point discussing something with a noob unless you want to educate
that noob. I dont have the time, energy or desire to do that.

I do have the time to educate noobs. So when someone ignores the word "result" in a sentence, the result is usually a faulty reading of that sentence.

[bitcampaign]

I saw not too interesting for holding the DASH bag, I think everyone is afraid to see the prices come down drastically in the near future when they really reached the highest price point

[Searing]

I can tell you people will be burnt by this whole Dash thing, all of these Altcoin will wnat to have the problem Bitcoin is having now. Dash, this is a token that is not been used for any transaction, most of the volume are on exchanges. I can tell you if Dash has the amount of transaction Bitcoin has it will have Bitcoin problem. The token looks to me as a brand rather than Currency which is designed to be, another thing to consider is that most of the tokens are locked in Masternode, a POS token so their is price manipulation already

Proof of service, not proof of stake. The masternodes work just like miners do.

I heard you needed 4500 dash to put up a masternode however....is that incorrect? (damn tough mining) (I could have misread?)