Dash Instamine is a non-issue.

[Technologov]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

[1715301562]

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[1715301562]

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[1715301562]

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[DrkLvr_]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

-Technologov

Stop trying to defend a scam instamine 

[The Sceptical Chymist]

I don't see it as an issue either, but good luck trying to get your point across to the anti-Dash crowd, and that's a big one around here.  I've seen so many threads already on just this point alone, and they always turn into a flame war.  The stain of Dash's birth is always going to be with it, and that viewpoint is well-entrenched on this forum.  Me, I find it a useful coin and I don't care if the creators are shitheads.  I mean it's main selling point at one time was that it's useful for dark markets and such...so what do you expect?

[DrkLvr_]

You don't see a problem with scam instamining 2+ million coins in the first 8 hours of launch, out of the total 7 million coins currently in existence? Then claiming "no premine" in your ann thread?  Then lowering the coin emission 100x from 500 per block to 5 per block after you finished instamining? Then going through not 1 but 2 rebrands to try and wash the scam instamine stench off itself?

Well you must be a fucking idiot then.

[Technologov]

>You don't see a problem with scam instamining 2+ million coins

I believe that coin creators (developers) don't need to work for free. They need to be paid.
Pre-mine or insta-mine is one of the very few ways to make some money for coin developers.

Crypto-coin development is one of the 5 hardest dev jobs on Earth. Those include: operating-systems (Windows, Linux), virtualization (VMware, VirtualBox), 3D games, Artificial Intelligence (A.I) and crypto-coins.
Very few developers can even understand it, let alone hack it's code and make significant improvements. Evan Duffield (of Dash) and Vitalik Buterin (of Ethereum) are one of the few, who can.

And if we don't pay (the investors), then BlockStream will attack our coin !

[The Sceptical Chymist]

Well you must be a fucking idiot then.

I can live with that.  OP, told you this sort of thing turns into personal attacks by bigoted, intolerant ass faces who cannot accept that people have differing opinions.  But that's the way it is.  Dash is a useful coin, and I agree that the devs need to be paid.  Regardless of how it came into existence, it's a good coin now.  There's going to be this argument as long as Dash exists, and I'm fine wearing the label of "fucking retard".  I've dished that one out myself plenty-o-times.

[smooth]

I believe that coin creators (developers) don't need to work for free. They need to be paid.

Okay, then come out clearly and ask to be paid. Given clarity and transparency, people can rationally debate whether the structure that is being proposed is best, perhaps some adjustments can be made, and then people can decide whether or not to buy in. That's what Ethereum did. There was a process of evolving the original proposal, eventually precise documents were written and posted laying out how many free coins the devs were going to get, where the BTC raised by selling most of the premine was going to go, etc. and then those who wanted to buy in did, those didn't, didn't.

If you run at as fraudulent scheme and make a bunch of deceptive statements about launch time, withholding information, later claiming it was a hobby or a joke when evidence clearly suggests otherwise, and generally running the whole thing in a manipulative, underhanded, and dishonest manner, then expect to be called out for it. Which is exactly what most of the instamine criticisms come down to.

[qwizzie]

The instamine is indeed a non-issue, if only for the fact that it lost its relevance over time and its community
simply moved on a long time ago.

It is always interesting to see what kind of people still feel pressured to post replies in topics
like these. Specially when they are preaching against dishonesty and fraudulent schemes,
while they were themself involved in that exact behaviour. I call that hypocrisy at its finest.

So, how are things with Steemit .. smooth ? Maybe you can tell us a bit more about your ninja-mining
period with Steemit, so we can all learn from it.

We are all hungry for knowledge....

[Aureliusy]

I agree it is a Feature. Now move along crypto citizen, there is nothing to see.

[fintekneeks]

This is our take on Dash's instamine issue and we even feature the opposing side in the post, so people are free to walk away with whatever view they like.  We do point out our focus on Dash - ultimately, if Dash doesn't address those issues, those will be the issues that matter.

[3x2]

The difference is one did it openly and other is still trying to hide it, he tried to scam. Simple!

[spartak_t]

I believe that creators need to have financial incentives to make their projects a success.

But of course. Financial "incentives" currently worth ~$120+ million (and over $200 million at some point).

[Ayers]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

developers need to be incentivated to work right, but not to scam people, they could add a fee to the miners reward that they take, like some coins did in the past, this is a good solution for them to have the funds to keep develop their oins, meanwhile investors are not scammed by huge premine, and where is your source that bill gates premine microsoft? what the hell premined stocks means here lol?

[cryptonia]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

But none of them lied and deceived people about it

[mining1]

I don't see it as an issue either, but good luck trying to get your point across to the anti-Dash crowd, and that's a big one around here.  I've seen so many threads already on just this point alone, and they always turn into a flame war.  The stain of Dash's birth is always going to be with it, and that viewpoint is well-entrenched on this forum.  Me, I find it a useful coin and I don't care if the creators are shitheads.  I mean it's main selling point at one time was that it's useful for dark markets and such...so what do you expect?

Not the "premine" is an issue, but the issue is how it was handled. It seems like their intetion was either for it to happen or simply the ideea came after it happened, just look at it:

1. "bug" happened, main devs were most likely the only miners at first so they pre/mined every single coin at start.
2. They promised to restart it. Didn't happen.
3. They used the premine to vote for themselves to keep the coins - About this point i am not sure, someone should correct me if i am wrong. I've read that there was some sort of "vote" and they could use the premine to vote for themselves
4. Rebranded the project to lose the track.
5. Move and develop the project into a direction that would constrain the supply to artificially increase the price ( masternodes ). And don't come with "but masternodes can sell at anytime" crap because, because the devs own / owned most coins. Plus, with such huge ROI, 10-15%, the incentive is to stake.
6. Centralization, because of the premine there weren't too many coins left to mine, contrary to the promises.

Also watch how Evan chocked when he was asked about the premine, min 47 https://www.youtube.com/watch?v=0EG2km7GAmM

So yes, dash will never get rid of it's scam shit stain.

[badenglishtea]

PIVX.

PIVX is like Dash without the instamine (also better community, dev, marketing, innovations, governance).

Your right, the instamine is a non-issue for people who hold Dash (very few). For everyone else, and for anyone new looking to invest, PIVX is far superior.

I dumped my Dash at 0.1 BTC on some dumb trader. Bought PIVX masternodes. Never looking back.

At least we get to all watch the slow, centralized death of Dash over the next year together.

[mining1]

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

[European Central Bank]

the coin is several years old now. i think it's safe to say that the market has spoken and it still wants it no matter what shit happened in the background.

[Ayers]

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine

[qwizzie]

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine

Just to be clear : there were only name changes involved.

Xcoin : conflict with another coin so a new name was needed
Darkcoin : needed a rebranding for mainstream adaption
Dash : final branding name

These name changes did not involve a change from proof of work (POW). Dash just put a second tier on top of the miners,
called it proof of service and gave the masternodes of that second tier rewards for providing services to the network.
(PrivateSend, InstantSend, Voting). Masternodes and miners each earn 45% of the blockrewards and 10% of the blockrewards
goes to the decentralized budget system.

There also exist a Dashcoin but that is a totally seperate cryptocurrency, not to be confused with Dash.

FYI

[Emoclaw]

Crypto-coin development is one of the 5 hardest dev jobs on Earth. Those include: operating-systems (Windows, Linux), virtualization (VMware, VirtualBox), 3D games, Artificial Intelligence (A.I) and crypto-coins.

What you said is wrong on so many levels.
Firstly you pulled the "5 hardest dev jobs" out of your ass.
You can't measure the difficulty of creating software because there are a lot of variables involved. The size of the project and what the developers want to achieve for one.
AI can boil down to a bunch of if-else statements that even a novice programmer can make.
Large projects such as VMware and OSes are collective efforts. Each person or team of people do programming tasks that they are perfectly capable of, and that's how everything goes smoothly.

[iamnotback]

Da shitnstamine is da shit

Simplify concepts.

[arielbit]

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine

Just to be clear : there were only name changes involved.

Xcoin : conflict with another coin so a new name was needed
Darkcoin : needed a rebranding for mainstream adaption
Dash : final branding name

These name changes did not involve a change from proof of work (POW). Dash just put a second tier on top of the miners,
called it proof of service and gave the masternodes of that second tier rewards for providing services to the network.
(PrivateSend, InstantSend, Voting). Masternodes and miners each earn 45% of the blockrewards and 10% of the blockrewards
goes to the decentralized budget system.

There also exist a Dashcoin but that is a totally seperate cryptocurrency, not to be confused with Dash.

FYI

i never thought qwizzie was a comedian  

the irony hehe

Xcoin : conflict with another coin so a new name was needed
Darkcoin : needed a rebranding for mainstream adaption
Dash : final (or not so final-depends) branding name : entered another conflict with another coin so Darkcoin can have its cool name

FTFY

Just to be clear : there were only name changes involved.

after the instamine, the total supply was changed from 84 Million to about ~20 Million to make the instamine loot a lot more valuable...the masternode concept was also hidden from the public so insiders can accumulate more while people dump and/or didn't buy due to lack of information, people don't know that they will be able to POS their coins with masternodes and what is the masternodes role in the network.

[smooth]

So, how are things with Steemit .. smooth ? Maybe you can tell us a bit more about your ninja-mining
period with Steemit, so we can all learn from it.

The Steemit ninjamine, like the Dash instamine, was deceptive and I didn't support it. In fact I posted on their old thread about how I wasn't ever going to endorse the coin for this reason, and I haven't. Though, still, there are some differences: at least the Steemit devs were explicit about being deceptive and make absurd claims about it being an accident (oops!).

Crypto-coin development is one of the 5 hardest dev jobs on Earth. Those include: operating-systems (Windows, Linux), virtualization (VMware, VirtualBox), 3D games, Artificial Intelligence (A.I) and crypto-coins.

What you said is wrong on so many levels.
Firstly you pulled the "5 hardest dev jobs" out of your ass

Mostly true

There are some well understood metrics for difficulty of software development tasks and crypto coin dev is not extreme overall. It rates high on some difficulty metrics and low on others.

[NoiseBoy]

False analogy, every single example.

Bill Gates didn't premine Microsoft. He owned 100% of Microsoft, then he sold bits of it off. Extrapolate to all your examples. Then, examine your motivations.

[spartak_t]

Crypto-coin development is one of the 5 hardest dev jobs on Earth.

I kinda missed this... I'm not a dev, but with your logic my salary as VoIP (MVoIP, BVoIP, GVoIP, CVoIP - the whole alphabet) support at AT&T should be at least $10 million, because part of my job is to support 911 in the US. Nobody said its easy, but justify Dash approach this way is hilarious...

[ppc.pt]

I don't see any problem either. They premined... So what ?!? At that time the coin was probably worth shit.

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

So the people criticising are probably the ones that normally don't get into these "boats", and just stay on the sidelines yelling for it to fall...

It can happen, but you already lost a big profit

[arielbit]

I don't see any problem either. They premined... So what ?!? At that time the coin was probably worth shit.

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

So the people criticising are probably the ones that normally don't get into these "boats", and just stay on the sidelines yelling for it to fall...

It can happen, but you already lost a big profit

just look how qwizzie tried to make a different story of the past...that's where things get twisted and get called a "non-issue", they back it up by lies upon lies..

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean  

try to look at some critics accounts here...they've been here for quite a while, so if you're gonna make something up..expect a correction 

[ppc.pt]

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean  

Yes I try to remove "that"... And then I can remove all the rest I wrote...

[arielbit]

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean  

Yes I try to remove "that"... And then I can remove all the rest I wrote...

that is called STFU hehe..or looking at different angles.

go and buy DASH buddy..i prefer other boats 

[ppc.pt]

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean  

Yes I try to remove "that"... And then I can remove all the rest I wrote...

that is called STFU hehe..or looking at different angles.

go and buy DASH buddy..i prefer other boats 

Ah,ah,ah

[spartak_t]

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

Dash is one of the most manipulated coins and its price has nothing to do with decisions made by the "free market". Its like telling to people that the "free market" has decided to multiply PinkCoin's market cap x8 in 4 days. Yeah, sure...

[ppc.pt]

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

Dash is one of the most manipulated coins and its price has nothing to do with decisions made by the "free market". Its like telling to people that the "free market" has decided to multiply PinkCoin's market cap x8 in 4 days. Yeah, sure...

Ok it's not by the free market.. Then which government is intervening ?

[ahoenk]

the coin is several years old, the coin has big community and strong as well, instamine is just old issue, btw ottoh( one of bag holder of dark coin / dash ) become more rich now..hahahah

unfortunately i evwr get scammed with some one many dash i bought at $2

[smoothie]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

The big difference is that Evan claims Dash wasn't premined and also that he didn't mean to instamine it.

Bill Gates, Mark Z, etc all made it clear that what they would be selling would be "premined"

Evan didn't do that at the beginning...

he pretended it wasn't a problem...

if it isn't a problem then I guess that news will go away eventually right? 

It has been 3+ years so far...but eventually right ? lol

[Assman]

"Non-issue" 

Dude, you can't spell "scam" with D, A, S, and H

[Assman]

I think people forget Satoshi has 1mil BTC. Just 1/21 the entire total supply.

Satoshi's dead.  The supply is 1/21 smaller.

[pterodactyl]

The Dash instamine is partially responsible for the incredible rise of PIVX this past week and some of the other Dash Forks like Exclusive Coin. It definitely is not a "non-issue".

[dwgscale11]

Dash is a scam because of the instamine.  How is that a non-issue?  Car salesman like Amanda and Tao of satoshi weirdo are selling fairy dust to greater fools. You all are the greater fools..

[dwgscale11]

Dash is a scam because of the instamine.  How is that a non-issue?  Car salesman like Amanda and Tao of satoshi weirdo are selling fairy dust to greater fools. You all are the greater fools..

Tell my $1600 profit that and it would have been $3200 if I had waited to sell.

I never said you couldnt make money from the scam.. but the sell to greater fools is generally what is happening.  Some people win, most will lose.

[NoiseBoy]

First of all, those 4 reasons are all very apple/orange. That aside, it can't be demonstrated by any kind of pretzel-logic that it is a NON-issue. The best you could hope to say is that it is an overstated issue; an issue of far less importance than people give it.

I think the best defense of the instamine is this: the founders/creators of any currency deserve to be rewarded for the effort and incentivized to continue developing and supporting the project. The instamine serves that purpose admirably, and the continuing progress and development of the DASH protocol is evidence of that success.

[Jalum]

Dash instamine is a non issue lol it seems that you haven't been in Crypto long enough.

[toknormal]

It's an issue for trainspotting zealots who don't know when they've lost an argument.

For anyone else it's been a great investment and hasn't even begun to reach its full potential yet.

Luckily there are markets to allow both points of view to express an opinion.

[cryptohunter]

It's an issue for trainspotting zealots who don't know when they've lost an argument.

For anyone else it's been a great investment and hasn't even begun to reach its full potential yet.

Luckily there are markets to allow both points of view to express an opinion.

Which argument did those with proof that dash is a scam lose?
I'm interested?

[toknormal]

Which argument did those with proof that dash is a scam lose?
I'm interested?

That's because you excel in the category on the left - hey be my guest

[cryptohunter]

Which argument did those with proof that dash is a scam lose?
I'm interested?

That's because you excel in the category on the left - hey be my guest

So then you were just trolling and there is no answer to my question?

Which argument has been lost?

[toknormal]

Which argument has been lost?

LoL.

The argument that "Dash is a scam".

[cryptohunter]

Which argument has been lost?

LoL.

The argument that "Dash is a scam".

here have another read... denying a scam whilst being a known benefactor of that said scam and being full furnished with the facts proving it is a scam does make you a known scammer tok. I hope you realise that. The best you can do is acknowledge it is a scam and argue that the fact it is a scam is not an issue to some people. That is your best route. There is no other I can see for a known dash holder protecting his masternode investment. You've been here too long to make out you have no knowledge of the facts presented below. Therefore unless you want to be known as a scammer like qwizze and evans you can not continue to deny the facts and observable events that are there for all to study.

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

[toknormal]

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

Well, like I say. You lost the argument (but apparently still didn't realise it).

[DrkLvr_]

toknormal is a known scammer on bitcointalk. 100% of his time here is spent embarrassing himself, making himself look foolish, and defending the dash scam. but not necessarily in that order

[nemgun]

Which argument has been lost?

LoL.

The argument that "Dash is a scam".

here have another read... denying a scam whilst being a known benefactor of that said scam and being full furnished with the facts proving it is a scam does make you a known scammer tok. I hope you realise that. The best you can do is acknowledge it is a scam and argue that the fact it is a scam is not an issue to some people. That is your best route. There is no other I can see for a known dash holder protecting his masternode investment. You've been here too long to make out you have no knowledge of the facts presented below. Therefore unless you want to be known as a scammer like qwizze and evans you can not continue to deny the facts and observable events that are there for all to study.

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

If it was a development requirements, or a premine for marketing campaign, ICO, the rest of the instamine would have been burned, that's what i said in other posts.
Is it possible to have some addresses to track them (he should have around 50 addresses) ? Does the nature of DASH makes this impossible ?
What is he saying about the coins ?

[cryptohunter]

Let's take a look at the first 5 h of Darkcoin (XCoin at that time)...

Well, like I say. You lost the argument (but apparently still didn't realise it).

What you say and what the reality is for the rest of mankind are very different things.


Strange since in all recent polls on the main board illustrated that the vast majority knows dash is a scam.

There is no argument. There are simply the observable events that took place that clearly illustrate it is a scam and some excuses for those observable factual events from those that own and hope to profit further from dash.

You are making yourself synonymous with defending and profiting from a scam. The problem is keep denying it just results in the proof being displayed over and over again so it is more damaging to dash than just remaining silent. Remain silent and you don't become a famous scammer on here and dash doesn't keep getting the facts of the scam presented over and over. You, qwizzie and tao are just presenting opportunity for the facts to be presented over and over.

Let people buy dash if they want but if they ask about the instamine/premine apparently fair launch POW don't tell them it wasn't a scam. It makes you a liar and a scammer yourself.

[toknormal]

Let people buy dash if they want but if they ask about the instamine/premine apparently fair launch POW don't tell them it wasn't a scam. It makes you a liar and a scammer yourself.

Actually it would do just the opposite - I'd be 'scamming' them if I did describe it as a scam and steering them away from what is a potentially very successful investment.

In fact Dash is one of the best distributed and thoughroghly viable assets out there right now. One who's history, personnel, technology and trading characteristics have probably been under the microscope more than any other crypto. Where the development team are all known, hard working individuals. Well managed and one of the few that hasn't collapsed in acrimony, that's consistently created sensible roadmaps and delivered on them.

2 million or so coins were mined in the first few hours. The emission profile got changed early on. Deal with it. It isn't a scam, it's something for the market to price in. As such it takes its place alongside offerings that don't have the instamine so stop acting like some 3 year old kid that's not being given a choice of toddler tea. Your faux ethics and sanctimonious ramblings are a poor disguise for the fact that you're simply nettled at the valuation.

Drink some more herbal tea and filter line 4 on your coinmarket listing and the discomfort will subside

[cryptohunter]

Let people buy dash if they want but if they ask about the instamine/premine apparently fair launch POW don't tell them it wasn't a scam. It makes you a liar and a scammer yourself.

Actually it would do just the opposite - I'd be 'scamming' them if I did describe it as a scam and steering them away from what is a potentially very successful investment.

In fact Dash is one of the best distributed and thoughroghly viable assets out there right now. One who's history, personnel, technology and trading characteristics have probably been under the microscope more than any other crypto. Where the development team are all known, hard working individuals. Well managed and one of the few that hasn't collapsed in acrimony, that's consistently created sensible roadmaps and delivered on them.

2 million or so coins were mined in the first few hours. The emission profile got changed early on. Deal with it. It isn't a scam, it's something for the market to price in. As such it takes its place alongside offerings that don't have the instamine so stop acting like some 3 year old kid that's not being given a choice of toddler tea. Your faux ethics and sanctimonious ramblings are a poor disguise for the fact that you're simply nettled at the valuation.

Drink some more herbal tea and filter line 4 on your coinmarket listing and the discomfort will subside

Ha, what a lot of nonsense and excuses from a scammer who is intent on keeping the scam rolling on for as long as possible.

Of course people can profit from a scam. Scammers making money from scams is not a new concept.

It is simple. We have proven it was not a fair launch. They claimed it was a fair launch then made it as unfair as possible. That is called a scam.

You know this and still try to lie and benefit from getting in on the scam = you are a scammer.

It goes like this


1. say fair pow launch but take all of the coins for themselves at the start
2. reduce miners change by 75% of attaining the other coins that remain so their bulk of scam coins is worth much more
3. introduce a way to take more of the miners coins through masternodes
4. introduce a way to make all the decisions based on the easy bulk of the coins they took via scam start
5. introduce a funding scheme so out of their $100,000,000's of dollars of scammed coins they don't alone fund development that just makes them richer.


you can not build on top of that scam start.

other projects with fair start and not a proven scam will win against dash because at the end of the day not everyone one wants to benefit from being part of a scam like you.

the vast majority of this board knows dash is a scam...the vast majority of the board will come to know you are a scammer if you continue to spout the usual excuses and protectionist lies and nonsense that it cant be a scam because people involved make money and those providing factual observable events illustrating dash is a scam are upset at the success of the scam so far.

toknormal = scam protector, scam promoter = deliberate scammer.

[toknormal]

Like I say.

That herbal tea works wonders. Specially when what you keep saying's gonna happen keeps not happening

P.S.  Re. "the vast majority". They're already invested, participating in masternodes, participating in voting, participating in ROI and participating in the future  

For example. Here's one of them that takes a somewhat more inspirational view than yours.

[cryptohunter]

Like I say.

That herbal tea works wonders. Specially when what you say's gonna happen keeps not happening

You never answer questions but rather dream up these strange concepts and thought experiments that corroborate the pov only a motivated scammer can identify with.

Your last jusfication or example is pure desperation. So if you call a proven scam a scam then you are actually scamming those that could have benefitted from the scam if you had kept quiet about it or endorsed it. I see. How many masternodes does it take to cause this amount of distortion?

Refute the evidence provided above proving scam or admit you are just trying to scam others into joining your self enrichment scheme.

Best stick to the yes it is a scam but nobody cares argument instead of going backwards.

[toknormal]

You never answer questions but rather dream up these strange concepts and thought experiments that corroborate the pov only a motivated scammer can identify with.

I did answer the question unequivocally. I said Dash wasn't a scam and that you are incorrect in making that assertion.

I've pointed out that your "proof" is no more than your own deluded melodrama of turning a flawed launch concerning millions of worthless coins into some kind of extreme "heist". There's not an asset in existence that you can't frame in some adverse perspective that projects it as a "gravy train for the few" as you did with your inane last post.

I don't have any problem with that in principle - you're welcome to battling your little windmills because as I've repeatedly pointed out, markets exist to aggregate both our views. Just don't be surprised when others take a more constructive view and end up having that reflected in future growth.

[cryptohunter]

You never answer questions but rather dream up these strange concepts and thought experiments that corroborate the pov only a motivated scammer can identify with.

I did answer the question unequivocally. I said Dash wasn't a scam and that you are incorrect in making that assertion.

I've pointed out that your "proof" is no more than your own deluded melodrama of turning a flawed launch concerning millions of worthless coins into some kind of extreme "heist". There's not an asset in existence that you can't frame in some adverse perspective that projects it as a "gravy train for the few" as you did with your inane last post.

I don't have any problem with that in principle - you're welcome to battling your little windmills because as I've repeatedly pointed out, markets exist to aggregate both our views. Just don't be surprised when others take a more constructive view and end up having that reflected in future growth.

You heard it hear folks..

saying fair launch then making it as unfair as possible is NOT a scam.

It was merely a flaw.

So instead of restarting it they thought they would keep all of the coins then slash away 75% of the other available coins to those that wanted to mine fairly.

In principle?? is that a joke.

I mean there is little you would have problem with in principle obviously especially if you are benefitting from it.

Toknormal = scammer.

From some perspective....lol. Like the vast majority of peoples perspective you mean.

Constructive view = turning a blind eye so long as you benefit from it. I see.

I will in future brand you a full and intentional scammer like Qwizzie and tao. I will repost the dash PROOF of observable events and let rational people not motivated by masternodes decide themselves.

Here have another read. Then tell me all about the incorrect assertion people are making about the Fair launch dash advertised. Deliberate organised scam from the start.


Let's take a look at the first 5 h of Darkcoin (XCoin at that time)..dash

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


I don't mind reposting this all day long to you whenever you say there was no scam.

It is good you keep forcing it to be reposted so as many people can review the evidence for themselves.

[toknormal]

SCAM = unfair and dishonest scheme

Speaking of which, maybe it's time you start apologising for all the crap you've been spewing since day 1 of this affair since there are far more people that missed out on a decent return from a sound asset due to that than ever missed out on mining in the first couple of hours 3 years ago.

[cryptohunter]

SCAM = unfair and dishonest scheme

Speaking of which, maybe it's time you start apologising for all the crap you've been spewing since day 1 of this affair since there are far more people that missed out on a decent return from a sound asset due to that than ever missed out on mining in the first couple of hours 3 years ago.

Yep posting facts of a scam with observable events = spewing crap to dashers.

I just explained to you that your argument is totally corrupt.

Perhaps you missed the example I just gave you?

Your last jusfication or example is pure desperation. So if you call a proven scam a scam then you are actually scamming those that could have benefitted from the scam if you had kept quiet about it or endorsed it. I see. How many masternodes does it take to cause this amount of distortion?

Are you so desperate you are trying to cling to this warped argument?

Come on scammer you can do better than that can't you.

Insisting people keep quiet about scams or hype them like your or else you are responsible for the loss of those that didnt decide to be part of the scam.?? are you for real?

Again though looks like a diversion and again no real rebuttal to the facts I presented to you above. Should I post them again or are you going to refute those events took place?

The old it was all an accident that we not only decided not to fix but rather to multiply the damage x4 (probably all by accident) is only a possibility in the distorted reality of scammers on the scam train like you.

Nobody believes it was a flaw nor an accident.  Even you do not believe it you just want to keep the scam train rolling for as long as possible.


So let's stop messing about.

Come now refute the facts presented. Nobody believes it was an accident. What other excuses do you have.

Weve had

1. it is wrong to call a scam a scam because you are scamming those who could have benefitted more from the scam.
2. it was not a scam it was an accident and then another accident after to multiply the effect of the first accident.

what other excuses can you invent?

[toknormal]

A small example of the nonsense to be found in your "citations" from 1 year ago:

but I can tell you that it makes no economic sense to hold Dash long term unless it is in a masternode.

Dash ratio to Bitcoin at the time that post was made: 0.016
Dash ratio to Bitcoin today: 0.05+

A 300% return against Bitcoin for anyone not holding Dash in masternodes.

Dash exchange rate with $USD at the time that post was made: $5.94
Dash exchange rate with $USD today: $73

A 1200% return against the $USD for anyone not holding Dash in masternodes. (And that's after a 50% retrace from the last ATH).

Of course if anyone had listened to your overtures of the time they'd have been better throwing their money down the toilet.

Cite all the "observable facts" you like over the next few years. I might post a few of my own

[cryptohunter]

A small example of the nonsense to be found in your "citations" from 1 year ago:

but I can tell you that it makes no economic sense to hold Dash long term unless it is in a masternode.

Dash ratio to Bitcoin at the time that post was made: 0.016
Dash ratio to Bitcoin today: 0.05+

A 300% return for anyone not holding Dash in masternodes.

Dash exchange rate with $USD at the time that post was made: $5.94
Dash exchange rate with $USD today: $73

A 1200% return for anyone not holding Dash in masternodes.

Of course if anyone had listened to your overtures of the time they'd have been better throwing their money down the toilet.

Cite all the "observable facts" you like over the next few years as well. I might post a few of my own

Why are you quoting smooth here?

anyway...


LOL again no rebuttal of scam but instead a boasting of how much you have gained from being involved with a scam and promoting it. Classy

So yes you have proven scammers can scam money from people and make finanacial gain. Thanks.

so now Weve had

1. it is wrong to call a scam a scam because you are scamming those who could have benefitted more from the scam.
2. it was not a scam it was an accident and then another accident after to multiply the effect of the first accident.
3 you can make good gains from being involved with scams...

what other excuses can you invent?

toknormal please post whatever you like i enjoy your posts more than you know.

I don't think you need to prove scams can be lucrative ...you're doing this all wrong. You're not meant to be proving just how much profit you and other scammers have extracted from the crypto community and taken from fairer projects you are meant to be refuting that it is a scam. Have another try.

[toknormal]

what other excuses can you invent?

I'm not the one needing the excuse.

You are

[naidray]

Let people buy dash if they want but if they ask about the instamine/premine apparently fair launch POW don't tell them it wasn't a scam. It makes you a liar and a scammer yourself.

Actually it would do just the opposite - I'd be 'scamming' them if I did describe it as a scam and steering them away from what is a potentially very successful investment.

In fact Dash is one of the best distributed and thoughroghly viable assets out there right now. One who's history, personnel, technology and trading characteristics have probably been under the microscope more than any other crypto. Where the development team are all known, hard working individuals. Well managed and one of the few that hasn't collapsed in acrimony, that's consistently created sensible roadmaps and delivered on them.

2 million or so coins were mined in the first few hours. The emission profile got changed early on. Deal with it. It isn't a scam, it's something for the market to price in. As such it takes its place alongside offerings that don't have the instamine so stop acting like some 3 year old kid that's not being given a choice of toddler tea. Your faux ethics and sanctimonious ramblings are a poor disguise for the fact that you're simply nettled at the valuation.

Drink some more herbal tea and filter line 4 on your coinmarket listing and the discomfort will subside

Instamine is not a “scam” of its own but it always brings in a risk. If you consider the fact that Satoshi Nakomoto is said to mined 1 million bitcoins and owns it, same logic means bitcoin is a instamine and premined scam.

I think the only possible worse case scenario on Dash premine is if the developers or whoever holds those premined coins starts selling the coins in order to take profit, if it stays like that there is no problem at all. This creates a doubtful cloud over the buyers but not a huge one.

[toknormal]

I think the only possible worse case scenario on Dash premine is if the developers or whoever holds those premined coins starts selling the coins in order to take profit

There are no premined coins.

There were "fastmined" coins for a couple of hours during which many people mined.

The biggest holder however, was not a miner but a buyer, since even with the fastmine it was still cheaper to buy in markets than mine and there were tens of thousands on sale for several weeks for a few BTC.

That holder has since executed exactly your "worst case scenario" and sold nearly 80% of their holdings in OTC (over the counter) sales during the last couple of years. (Around 400,000 coins by most accounts I can gather).

[DrkLvr_]

Instamine is not a “scam” of its own but it always brings in a risk. If you consider the fact that Satoshi Nakomoto is said to mined 1 million bitcoins and owns it, same logic means bitcoin is a instamine and premined scam.

I think the only possible worse case scenario on Dash premine is if the developers or whoever holds those premined coins starts selling the coins in order to take profit, if it stays like that there is no problem at all. This creates a doubtful cloud over the buyers but not a huge one.

I realize people on this forum generally aren't that bright so i'll try to explain it slowly without using too many big words

Dash: 8 hours to INSTAMINE 1.5 million dash, emission changed from 500 to 5 after the instamine
Bitcoin: took about a year to MINE 1 million bitcoin, no emission change

GOT THAT?  

If the dev lies and makes excuses like Evan Duffield did, trying to downplay the instamine and act like it was an accident (oops!!!) then yes, it's a scam

[cryptohunter]

I think the only possible worse case scenario on Dash premine is if the developers or whoever holds those premined coins starts selling the coins in order to take profit

There are no premined coins.

There were "fastmined" coins for a couple of hours during which many people mined.

The biggest holder however, was not a miner but a buyer, since even with the fastmine it was still cheaper to buy in markets than mine and there were tens of thousands on sale for several weeks for a few BTC.

That holder has since executed exactly your "worst case scenario" and sold nearly 80% of their holdings in OTC (over the counter) sales during the last couple of years. (Around 400,000 coins by most accounts I can gather).

Why would we believe anything you or any other dasher says? Probably all bogus.

Yeah because mining blocks of 500 coins several per second was very costly and much cheaper to buy it really. Of course it was cheaper than basically free
. You could buy 2 million coins on the market for less than mining it for practically free with no competition.....wait no that sounds like the obvious lies someone like tok would tell you.

Tok speaks like he knows who retains what loot of dash they had. He has no idea.

These instamining whales probably spread their loot over many wallets and you will never know how much they have. Sold it to themselves etc etc.

Thats the problem, its simple to prove it was a scam we have all the evidence there in black and white. They cant transform a proven scam back to being legit. There is no way for it to happen other than restart it all again.

They did offer a 2 million coin air drop to this board.

But they cancelled it said not enough people seemed interested.

Yeah imagine that nobody is interested in 2 million dash airdropped for free to the board.

Toknormal has not refuted one shred of the scam evidence and has produced 4 terrible excuses and counter arguments that only serve to illustrate how unrealistic you can become when you have a couple of masternodes.

1. it is wrong to call a scam a scam because you are scamming those who could have benefitted more from the scam.
2. it was not a scam it was an accident and then another accident after to multiply the effect of the first accident.
3 you can make good gains from being involved with scams...
4 lying now that it was cheaper to buy it on the market than devs got it for by mining with no competition for a few hours.

Yeah show me when millions of dash were cheaper to buy than rent some amazon instances for a few hours.




Evans is a scammer with a plan. The rest are just tag along scammers with one plan to tag on to evans. I mean tok can't even generate a feasible excuse without making it worse for dash. Same for qwizze and tao well imagine him on your team the guy blew the whistle on dash scam at the start ....i can see why they turn to scams they simply can not compete on an even playing field. If i were evans id give them all a few masternodes extra to remain silent.

Anyway if it is a non issue then just mention dash here or on any exchange troll box or even just typed dash into google.
Dash is synonymous with scam and instamine. It is the first thing people bring up. It is an issue it will remain an issue.

Its not like nobody knows it happened.

[bettercrypto]

Instamine or not does not concern me, as long as there are development and progress with the community, technology and economy of the coin, it will be good enough for me.  You may find it absurd but what would I do with a fair launched coin that does not offer anything at all?

[canth]

The stench of the instamine just never leaves does it? I'd rather hold fiat than Dash...

[arielbit]

the more DASH shills cover it with bullshit upon bullshit just makes it more stinkier...

non issue...old issue...the only issue I am seeing here is DASH shills not getting their story straight.

[dinofelis]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.

==>  There is a fundamental difference between stock and coins.  Stock are IOU of the company you owned.  coins are not an IOU.  

The fundamental problems with the DASH instamine are twofold.  I fully agree that your idea of a locked-in PREMINE to pay the devs, which is publicly known and announced, is a good idea.  It should be in the genesis block.

I'm not calling the instamine a scam.   But it is an *issue*.  It is not a scam because we know it now.  However, in any credible monetary system, nobody is supposed to own more than at most a few percent of the total stash.  When the ownership of stash goes to the 10-20%, that monetary system is entirely in the hands of this stash owner, and hence open to all kinds of cornering, market manipulation etc...  The instamine made that the devs (and their dog) owned essentially >95% of the stash at a certain point.

On top of that, DASH has a partial PoS scheme, allowing the initial RATIO of stash ownership to be partially preserved.  For instance, in a FULL PoS system, if you initially own 20% of the stash, you will (unless you spend them) always own 20% of the stash, even if the amount of emitted coins goes 100-fold.  Given that PoS of DASH is only partial (45% + 10% of the gouvernance tax) this will lead to the initial >95% stash ownership to diminish to about 50% or as of today.

And on top of that, DASH has an anonymity scheme that depends on having very many non-colluding masternode owners, which are also a PoS scheme.  If a single entity possesses 20% or 50% of all "non-colluding" mixers then that is a fundamental security issue.

This is why the sneaky instamine IS an issue, at least on paper.  In reality, as most of crypto is just a greater-fool game, not to be used much in reality, nobody really cares, and it was actually a good idea: at least, someone's going to get rich on the back of a lot of greater fools.

[dinofelis]

Evans is a scammer with a plan. The rest are just tag along scammers with one plan to tag on to evans.

This is true.  But it is also true that this is now public knowledge, for anyone a slight bit interested in finding out about it.  When a scam is public knowledge, people getting into it, are not "scammed" any more, simply because the knowledge is public (on top of that, in crypto, scam doesn't really exist, because crypto is trustless, and scam is "breaking of trust", something that cannot happen in a trustless environment).

So essentially, people buying DASH now are not scammed.  They simply hope, like 99% of crypto actors, to get on the train of a good, knowledgeable "scammer", in order to scam future greater fools somewhat more.  As that is the essence of crypto these days, the DASH instamine is indeed, not an issue.  DASH, just like most crypto, is just a vehicle to expose yourself as a fool, and to hunt for greater fools.  In that respect, Evans did a great job, and is hence one of the better masters of crypto.
(true, some small minority actually USES crypto, but that's a dying minority of no further importance...).

[tokeweed]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? 

[qwizzie]

https://themerkle.com/instamine-vs-premine/

For those that are still trying to grasp the meaning of the term instamine
versus the term premine.

[dinofelis]

The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.

On the other hand, that's what "trustlessness" is all about, no ?

[qwizzie]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?  

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not break any social contract.

[nemgun]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? 

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not broke any social contract.
 

 

Could you please give more details about the instamined coins ? Where are they ? and is it possible to track them ?

If they were mass sold on exchanges, it could mean that dash's creator wanted either to create a development fund for DASH, or just fill his pockets. Maybe both, but i think that it would be better if we have more informations about it.

And please, ignore the trolls, i know that many of them doesn't even know what is a premine or an instamine.

[qwizzie]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?  

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not broke any social contract.
 

 

Could you please give more details about the instamined coins ? Where are they ? and is it possible to track them ?

If they were mass sold on exchanges, it could mean that dash's creator wanted either to create a development fund for DASH, or just fill his pockets. Maybe both, but i think that it would be better if we have more informations about it.

And please, ignore the trolls, i know that many of them doesn't even know what is a premine or an instamine.

InternetApe & Vertoe (early Dash dev team members) both already sold their Dash.
Evan Duffield has pledged to hold 80% of his personal wealth for internal DAO's / community projects.

link :   https://www.dashforcenews.com/ryan-taylor-new-dash-core-ceo-founder-evan-duffield-moves-advisory-role/

No founding member now has any direct control over Dash’s development

This move completes a shift away from direct control over Dash’s development by any founding member. During the Dash Core offices open house in Scottsdale last month, Duffield announced that he had deactivated all his masternodes, meaning that he no longer has a direct vote in how Dash’s treasury is spent. He also pledged 80% of his personal wealth to community projects, on which he intends to focus his attention as Dash as a whole grows to reach as many people as possible.

The net result of this reorganization is that, while sole remaining founding member Duffield still plans on remaining active in Dash’s growth, and is incentivized to see it continue to succeed, no founder now controls Dash directly in any way. This move to further decentralize the currency also displays great faith in Dash’s future, Core team, and community.

[canth]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?  

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not break any social contract.

Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.

I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever.

[DrkLvr_]

Evan is a greedy lying instaminer

[qwizzie]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?  

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not break any social contract.

Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.

I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever.

Lets see :

Dash added to several major exchanges ? check
Dash available on several FIAT gateways to make it more independant of Bitcoin ? check
Dash making strategic partnerships with light wallet providers on Android, iOS and other relevant platforms ? check
Dash in control of its own marketing, own budget and own governance ? check
Dash in top 10 with regards to marketcap ? check
Dash expanding in other regions / countries ? check
Dash has a clear goal and the means to achieve it ? check

I say Dash currently is a top coin, current price aside.
I say Dash will stay a top coin, regardless of discussions that take place in this specific Bitcointalkforum.
I say Dash instamine history can be brought up as much as you all want to bring it up, but it will not change the market in which Dash (and other cryptocurrencies)
move and grow over time.
  

[canth]

Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.

I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever.

Lets see :

Dash added to several major exchanges ? check
Dash available on several FIAT gateways to make it more independant of Bitcoin ? check
Dash making strategic partnerships with light wallet providers on Android, iOS and other relevant platforms ? check
Dash in control of its own marketing, own budget and own governance ? check
Dash in top 10 with regards to marketcap ? check
Dash expanding in other regions / countries ? check
Dash has a clear goal and the means to achieve it ? check

I say Dash currently is a top coin, current price aside.
I say Dash will stay a top coin, regardless of discussions that take place in this specific Bitcointalkforum.
I say Dash instamine history can be brought up as much as you all want to bring it up, but it will not change the market in which Dash (and other cryptocurrencies)
move and grow over time.
  

Dash getting used for any real world purpose besides speculation? *crickets*

Does this look like an organic ramp up of usage to you? https://bitinfocharts.com/comparison/dash-transactions.html

When you need a real store of value, it's BTC at the top, now being challenged by ETH. When you need privacy or fungibility it's XMR or possibly newcomer, ZEC.

Note Dash is not being considered by the grey/dark markets because it's not viable for those. https://themerkle.com/cradlecore-may-introduce-new-monero-and-ethereum-ransomware/

[DrkLvr_]

Wow, same number of transactions in Jan 2017 that they had in April 2014. Pathetic, even worse than i thought.. probably the same instaminers and scam supporters moving coins around for 3 years.

The market has spoken and it does not support instamined (oopstamined!) garbage, regardless of poloniex pump /dump activity 

[qwizzie]

Heh, the community meaning those few who participated in the first hours which distributed 1m+ coins? They didn't want to roll back? No shit. Glad they've made lots of money but this will always hold Dash back from being a top coin, current price aside.

I hope you don't find these insta-mine threads or questions asked by reporters annoying, because I don't expect they'll go away, ever.

Lets see :

Dash added to several major exchanges ? check
Dash available on several FIAT gateways to make it more independant of Bitcoin ? check
Dash making strategic partnerships with light wallet providers on Android, iOS and other relevant platforms ? check
Dash in control of its own marketing, own budget and own governance ? check
Dash in top 10 with regards to marketcap ? check
Dash expanding in other regions / countries ? check
Dash has a clear goal and the means to achieve it ? check

I say Dash currently is a top coin, current price aside.
I say Dash will stay a top coin, regardless of discussions that take place in this specific Bitcointalkforum.
I say Dash instamine history can be brought up as much as you all want to bring it up, but it will not change the market in which Dash (and other cryptocurrencies)
move and grow over time.
  

Dash getting used for any real world purpose besides speculation? *crickets*

Does this look like an organic ramp up of usage to you? https://bitinfocharts.com/comparison/dash-transactions.html

When you need a real store of value, it's BTC at the top, now being challenged by ETH. When you need privacy or fungibility it's XMR or possibly newcomer, ZEC.

Note Dash is not being considered by the grey/dark markets because it's not viable for those. https://themerkle.com/cradlecore-may-introduce-new-monero-and-ethereum-ransomware/

Any real world purpose ? yes, there are lots of debitcard providers onboard with Dash or soon getting onboard with Dash that make Dash useable in the world. Also Dash got added recentely
to Whaleclub as a second base currency (first one is Bitcoin), which means Dash can be traded now on traditional markets like stocks, metals, forex and bonds.
Not to mention that integration with Wall of Coins opens up a whole new OTC market for Dash.

With regards to the transactions, that will no doubt increase over time. Specially once Dash Evolution goes public end of this year (also be informed the alpha release is now only a few months away).
One could say that this is smart money getting into Dash, in anticipation of Dash Evolution and maybe also because people are getting aware of the problems with Bitcoin.
Problems with reaching consensus about the direction that Bitcoin should take, the delay in the confirmation time of its transactions, problems with high fees.
There is still pretty much a civil war raging that is tearing Bitcoin apart and is undermining its world usage and most certainly it is preventing world adoption.
Bitcoin is slowly turning into a store of value only, with high fees while growing ever more centralized. In the end it will be nothing more then digital gold.

Dash can offer people a choice, for masternode owners it can offer Dash as a store of value with its steady stream of masternode rewards, for merchants it can offer instant payments to settle point of sale
transactions in their shop and for not crypto users it can soon offer bearing accounts, where they can earn some interest by just holding their Dash in a saving account (this will be part of Dash Evolution).
Dash can also offer optional privacy on the blockchain, while keeping its compatibility with Bitcoin.

What Dash is doing is basicly jumpstarting its infrastructure and its developing and spreading its own ecosystem. People are starting to notice it this year, when they read the many announcements
of Dash strategic partnerships with exchanges, wallet providers and businesses that Dash has been preparing these last two years. This process will only get stronger in the next few years.

What you are witnessing is the birth of a true decentralized autonomous organisation and the power that comes with it, the power to disrupt.


  


  

[DrkLvr_]

TL;DR

[canth]

Any real world purpose ? yes, there are lots of debitcard providers onboard with Dash or soon getting onboard with Dash that make Dash useable in the world. Also Dash got added recentely
to Whaleclub as a second base currency (first one is Bitcoin), which means Dash can be traded now on traditional markets like stocks, metals, forex and bonds.
Not to mention that integration with Wall of Coins opens up a whole new OTC market for Dash.

With regards to the transactions, that will no doubt increase over time. Specially once Dash Evolution goes public end of this year (also be informed the alpha release is now only a few months away).
One could say that this is smart money getting into Dash, in anticipation of Dash Evolution and maybe also because people are getting aware of the problems with Bitcoin.
Problems with reaching consensus about the direction that Bitcoin should take, the delay in the confirmation time of its transactions, problems with high fees.
There is still pretty much a civil war raging that is tearing Bitcoin apart and is undermining its world usage and most certainly it is preventing world adoption.
Bitcoin is slowly turning into a store of value only, with high fees while growing ever more centralized. In the end it will be nothing more then digital gold.

Dash can offer people a choice, for masternode owners it can offer Dash as a store of value with its steady stream of masternode rewards, for merchants it can offer instant payments to settle point of sale
transactions in their shop and for not crypto users it can soon offer bearing accounts, where they can earn some interest by just holding their Dash in a saving account (this will be part of Dash Evolution).
Dash can also offer optional privacy on the blockchain, while keeping its compatibility with Bitcoin.

What Dash is doing is basicly jumpstarting its infrastructure and its developing and spreading its own ecosystem. People are starting to notice it this year, when they read the many announcements
of Dash strategic partnerships with exchanges, wallet providers and businesses that Dash has been preparing these last two years. This process will only get stronger in the next few years.

What you are witnessing is the birth of a true decentralized autonomous organisation and the power that comes with it, the power to disrupt.
  

Bitcoin's problems are to the benefit of altcoins up and down the scale, including Dash. Which ones will benefit the most remains to be seen. Perhaps Dash's flaws such as the fastmine-fuckup will be overlooked, perhaps not. Personally I couldn't sleep at night holding Dash while knowing that there were a ton of competitors with fairer launches and equal or better technology. Just because Bitcoin's ability to adapt has stagnated recently doesn't give me any reason to believe that Dash usage is going to increase.

https://twitter.com/SatoshiLite/status/825121572776075269

Even his top 8 altcoins don't include your horse. I'm betting that he's not alone in these thoughts.

How about top 2?
BTC LTC
ETH ETC
XMR ZEC
DCR XMR

[smooth]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right? 

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not break any social contract.

You realize that informing everyone that he would instamine and later briefly offering an airdrop before quickly withdrawing the offer are two completely different things, yes?

If you're going to spin and offer excuses, at least try to use ones that actually make some sense.

[qwizzie]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?  

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not break any social contract.

You realize that informing everyone that he would instamine and later briefly offering an airdrop before quickly withdrawing the offer are two completely different things, yes?

If you're going to spin and offer excuses, at least try to use ones that actually make some sense.

Okay, i misread that part but that still does not mean he broke any social contract with the Dash community. The instamine happened due to faulty coding and bad preparation
while attracting the attention of a lot of miners with high hashrate. He made up for his mistakes by his hard work with developing the coin, the community moved on and the coin has grown into something much larger now then was first envisioned.



  

[arielbit]

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

For you maybe.  The instamine would be 'OK' only if Mr. Duffield informed everyone that he would do so.  But he didn't.  He broke a social contract with the community and that's a bad and dishonest thing to do.  But whatever, DASH is riding sky high and that's what matters for everybody interested in it right?  

Actually Mr. Duffield suggested an airdrop but the Dash community found that a bad idea and it was decided that the best way was to just move forward.
Specially as such a large portion of the instamine got mass-sold on exchanges right after the instamine happened.

Which means he did not break any social contract.

You realize that informing everyone that he would instamine and later briefly offering an airdrop before quickly withdrawing the offer are two completely different things, yes?

If you're going to spin and offer excuses, at least try to use ones that actually make some sense.

Okay, i misread that part but that still does not mean he broke any social contract with the Dash community. The instamine happened due to faulty coding and bad preparation
while attracting the attention of a lot of miners with high hashrate. He made up for his mistakes by his hard work with developing the coin, the community moved on and the coin has grown into something much larger now then was first envisioned.



  

hmmm...okay let's go inside Evan Duffield's head 

here you go..

DASH Masternodes - the perfect motive for the instamine

[DrkLvr_]

qwizzie the shill can't stop lying and making fake excuses. he's the perfect representative for Evan the Instaminer