1) Darkcoin has a 50% instamine by it's own developers during launch, as the block reward was set to 500, and there was no windows wallets/miners. Evan, the developer, and Internetape, the other developer, instamined over 1million Darkcoin's within 24 hours.
There were hundreds of miners at the start. Fast mining means fast distribution. Fast mined coins from the start were distributed very early, you could've bought 100k coins for 2 BTC weeks after the launch, sorry you missed it.
2) Darkcoin's name itself, Darkcoin, will always be affiliated with illegal activity like the Darkweb, Drugs, etc, and the name itself ensures that Darkcoin will never reach anything close to mainstream acceptance.
Never say never. Just makes you look like... dunno, troll with an agenda? Btw if that really would become an insurmountable obstacle, name could always be changed! It's one of the easiest things to change on a coin.
3) Darkcoin's "anonymity" is based on coinjoin, it simply mixes users coins around, making it harder to track it. However, if even the slightest taint if found when mixing the coins, an investigator will be able to deduce who sent what and who received what. The maker of coinjoin, Gmaxwell, deeply criticized Darkcoin since it's coinjoin based "anonymity" is basically a joke.
Gmaxwell didn't know how Darksend (and even less how Darksend+) really worked at the time, and we didn't expect him to. That didn't prevent him from giving his opinion though. Make of that what you will. When you say
"if even the slightest taint is found, an investigator will be able to deduce who sent what and who received what", how do you know it's possible to find "taint", and if it is, it follows that the whole transaction can be deanonymized? Please elaborate.
4) Darkcoin's mixing system/coinjoin relies on something called Masternodes, Masternodes are nodes that are set up by people, anyone can set one up, and Masternodes are the things that mix the coin around. Masternodes also present many risks besides giving trivial "anonymity", if all masternodes are owned by one individual, he will be able to "de-anonymize" Darkcoin and see all transactions clearly.
No, anyone can't set one up. You need 1000 DRK's for it. Therefore one individual can't own all masternodes. Think about what would happen if someone started buying up all the coins so no one else could set up a node. Can you, think?
5) Darkcoin's Masternode Payment system has forked the network many times, and has failed Twice in the effort to pay the owners of Masternodes.
Evolution is challenging, and everyone who tries to do something more than adding new wallet features will face those challenges. Luckily a method called "sporking" has been invented (by who else than the DRK dev btw) that will overcome those challenges.
6) Darkcoin's Masternode/Darksend system is closed source, so that means the developers could be stealing coins, or doing any other malicious things, and it will remain unnoticed
If they were stealing, people would notice. They really would. No such reports yet. Source will be opened after it has been reviewed by 3rd parties and possible bugs/issues found have been solved.
7) The Masternodes can always be DDOSed, effectively shutting them down, if the majority of Masternodes were taken offline(they are mostly hosted on Amazon servers), then Darkcoin's trivial anonymity will completely shut off
There will be 1000+ masternodes very soon. Probably 2000+ when/if this thing hits "mainstream". Many of those nodes have DOS protection, and if your node is DOS'ed, you can set up a new one very quickly on another host. Btw, you keep saying DRK has trivial anonymity. We don't even know what Darksend will ultimately be. And even now, DRK is for all practical purposes, anonymous. I'd say your thinking and logic is 1st level and trivial in nature.
There are
many many other flaws, it will take up too much space to list, so I've listed the main ones.
Looks like the "main" ones are not really flaws after all.
