[ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency

[coins101]

Looks like the monero fanboys got coinmarket cap to add ** against DASH: significantly premined

https://bitcointalk.org/index.php?topic=199685.msg11195469#msg11195469

I don't get this. A instamine is not a premine. The devs did not preemptively take a large number of coins out of circulation. I wonder if money changed hands here to get us listed as such. Shame on coinmarketcap, shame on the Monero shills/devs.

I have to say I did not tell them it was a premine. I told them it was an instamine (and even that was only extra supporting information such as quotes from Evan after someone else had already posted about the instamine itself). You can find my post on their thread (it was linked here). That's the only communication I've had with them at all. Personally I think they should change the tag to "significantly premined or instamined" (and I said that too on their thread) but that is just my opinion. What they do is up to them.

You quoted threads posted by people that obviously had a beef with Darkcoin, your Darkcoin hate thread included.

Trying to say optimised miners were created is one thing. Monero miners were being overwhelmed by optimised miners at one end, and code baked in to rig the game at the other end.

Following a predefined trajectory yes, but with one or two people skimming most of the coins of that trajectory.

That's just another definition for instamined. If you had participated in the deoptimization I would have called you a scammer. You seem to have been the victim of the scam, along with everyone else, so I'll leave it as instamined for several months.

You need to submit that to coinmarketcap and to request Monero be flagged as instamined by a possible rouge dev.

[TanteStefana2]

Ah fuck it, not worth my time

[smooth]

Looks like the monero fanboys got coinmarket cap to add ** against DASH: significantly premined

https://bitcointalk.org/index.php?topic=199685.msg11195469#msg11195469

I don't get this. A instamine is not a premine. The devs did not preemptively take a large number of coins out of circulation. I wonder if money changed hands here to get us listed as such. Shame on coinmarketcap, shame on the Monero shills/devs.

I have to say I did not tell them it was a premine. I told them it was an instamine (and even that was only extra supporting information such as quotes from Evan after someone else had already posted about the instamine itself). You can find my post on their thread (it was linked here). That's the only communication I've had with them at all. Personally I think they should change the tag to "significantly premined or instamined" (and I said that too on their thread) but that is just my opinion. What they do is up to them.

You quoted threads posted by people that obviously had a beef with Darkcoin, your Darkcoin hate thread included.

My so-called 'hate' thread did not claim it was a premine, only an instamine.

You need to submit that to coinmarketcap and to request Monero be flagged as instamined by a possible rouge dev.

I don't agree that a few percent of the coins mined by someone who optimized the miner is  "significantly" instamined or premined. If we restrict it to the period before the obviously deliberate de-optimization was remove then it is probably 1% or less. You can define it that way if you want, but I don't think claiming that to be "significantly premine" or instamine is remotely credible.

The DASH 35% instamine (bad difficulty adjustment, extra coins, subsequently lowered rewards) is your baggage. Don't try to make it about Monero.

[GTO911]

So hiding an optimized miner

The deoptimized miner came with Bytecoin, thats why we forked it and created Monero, our dev NoodleDoodle detected something fishy about the miner and fixed it, i dont understand what was hidden?

[Cryptoberg]

Smooth...you a-holes better hope I don't find out your coin had a checkered past!  All of you holy roller mofos shooting off your mouths about being better then everyone are going to be in for a surprise...I will make it my mission to PUMP n DUMP and fuck with your market for a long time.  Do NOT test me on that...I have the resources to give you butthurt for months and months!  

And you guys are still wondering why the established media and financial world aren't taking cryptocurrencies seriously.  

I'm starting to understand why the Dogecoin founder is leaving this community. People like bigrcanada should make it their priority to first move out of their mom's basement.

[Kuriso]

-snip-

I don't know the full background history of Monero, but I did join early on. I will give you and tactotime props for stepping in to save a project.

However, on the basis of what you have said about Darkcoin, you should offer up to coinmarketcap a similar desire to have Monero listed as premined / instamined because it was forked from BCN and the code contained depotimisation to rig the mining game, apparently.

You may not have known that, but its a fact that Monero miners were being ripped off. You took over the project because you suspected the dev was a scammer but you didn't relaunch.

Then you just discovered an issue post fact.

The issue may have been resolved, but it still stands. Monero was instamined for the best part of two months, or more.

"Bitmonero was a fork of Bytecoin designed to not have the 80% premine.  But its initial developer either didn't know, didn't care, or wanted to profit from the de-optimized hashing.  That initial developer was pretty quickly given the boot by the community, and in came an unrelated group of developers who took it over---who were, as far as I can tell, completely unaware of the deoptimization.  So things sat there for a few weeks in the same state as Bytecoin."

http://da-data.blogspot.co.uk/2014/08/minting-money-with-monero-and-cpu.html

You as one of the devs should have worked out there was a problem and not have been told about it but some kid who needed to get permission from his parents to keep spewing out hundreds of thousands of coins and dumping them for a profit.  Wait no, devs don't make mistakes.

Now you suspect a botnet attack, which could easily be more of the above.

You should offer this information up to coinmarketcap to demonstrate you are not just trying to attack the competition, but you genuinely want fair play.

Son if bitch... Really?    Holy fn smokes.  So these bastards have been here squaking for months about instamined BULLSHIT and their own coin was Instamined for 2 months.    COINS101. can u please PM me with where I can research this information.  I'm going to take the next bit to research this endepth.  Any links etc... Please pm them to me that would be great. I'm going to be super pissed if these dirt bags have wasted my time...

Monero was mined by its creators for months with highly optimized miners.  They claimed that the original devs instantly dumped these coins as they were mined.  So technically there was not a premine or a fast instamine.  The devs were only in it to make money.  I think it was roughly 5% of the supply.  At that time it was over $100,000 they stole from miners.  Its ok though.  There was a community take over.  That wipes the scam slate clean.

[smooth]

any crypto from succeeding.

I see how you could interpret it that way from your perspective because yes I absolutely do hate scams and I certainly don't want to see DASH succeed. But that does not extend to all crypto by any means. There are some non-scam cryptos (a disappointingly small fraction, unfortunately). I don't consider BTC a scam at all and I would be happy to see it succeed.

[smooth]

Monero was mined by its creators for months with highly optimized miners.  They claimed that the original devs instantly dumped these coins as they were mined.  So technically there was not a premine or a fast instamine.  The devs were only in it to make money.  I think it was roughly 5% of the supply.  At that time it was over $100,000 they stole from miners.  Its ok though.  There was a community take over.  That wipes the scam slate clean.

This is somewhat confused (combines a bunch of different things in a mixed up way), but off topic here.  If you want to discuss Monero you are welcome to ask for the actual history on the Monero thread.

[coins101]

So hiding an optimized miner

The deoptimized miner came with Bytecoin, thats why we forked it and created Monero, our dev NoodleDoodle detected something fishy about the miner and fixed it, i dont understand what was hidden?

So Monero was instamined.

You may not have know it. And there is nothing being thrown at any of you for knowing there was a potential scam baked in, but you really didn't know anything was up for months after launch. So coins were spewing out to people who had rigged the launch.

Saying it was a small instamine is like a woman saying I'm only a little pregnant.

You've fessed up to an instamine, props for that, now go and ask coinmarketcap to make that distinction against your ticker.

[aleix]

And do not engage with trolls from other currencies.

Keep the thread clean

[GTO911]

So hiding an optimized miner

The deoptimized miner came with Bytecoin, thats why we forked it and created Monero, our dev NoodleDoodle detected something fishy about the miner and fixed it, i dont understand what was hidden?

So Monero was instamined.

You may not have know it. And there is nothing being thrown at any of you for knowing there was a potential scam baked in, but you really didn't know anything was up for months after launch. So coins were spewing out to people who had rigged the launch.

Saying it was a small instamine is like a woman saying I'm only a little pregnant.

You've fessed up to an instamine, props for that, now go and ask coinmarketcap to make that distinction against your ticker.

You are dumb or what? I was there when Monero blockchain was not even started, just announced. NoodleDoodle had fixed the miner just after it launched.

Btw why do you scammers talk offtopic here? Lets talk scamming (Darkcoin/Dash) here boyz  

[bigrcanada]

Sorry Tante... Smooth and these dorks triggered something in me this morning. It's been a tough morning at winery Had one of my cellar crew screw up a filter run on almost $150,000 tank of white wine.  Not a happy camper.   Going to have to spend the rest of the week correcting issues and I'm going to have to fire someone over this.  Does not make for a happy morning.

[smooth]

So Monero was instamined.

Are you a native English speaker? Serious question because you aren't getting it. The construction insta_X_ means that X happened especially quickly. You know, like "As soon as I got back to my house with the cute girl from the bar we instafucked."

The mining of Monero did not happen especially quickly, it happened at the normal, gradual and planned pace.

Yes, Monero had a relatively small amount (<1% to a few percent depending how you measure it) of "unfair" mining. It did not have instamine, and certainly it is not correct to say it was "significantly premined" or "significantly instamined".

Now, how about you stop derailing this thread with bitching about Monero constantly?

[coins101]

So hiding an optimized miner

The deoptimized miner came with Bytecoin, thats why we forked it and created Monero, our dev NoodleDoodle detected something fishy about the miner and fixed it, i dont understand what was hidden?

So Monero was instamined.

You may not have know it. And there is nothing being thrown at any of you for knowing there was a potential scam baked in, but you really didn't know anything was up for months after launch. So coins were spewing out to people who had rigged the launch.

Saying it was a small instamine is like a woman saying I'm only a little pregnant.

You've fessed up to an instamine, props for that, now go and ask coinmarketcap to make that distinction against your ticker.

You are dumb or what? I was there when Monero blockchain was not even started, just announced. NoodleDoodle had fixed the miner just after it launched

Now now. Name calling is the first sign that you are losing the argument.

But, let's leave the facts to the kid who discovered the issue:

"Bitmonero was a fork of Bytecoin designed to not have the 80% premine.  But its initial developer either didn't know, didn't care, or wanted to profit from the de-optimized hashing.  That initial developer was pretty quickly given the boot by the community, and in came an unrelated group of developers who took it over---who were, as far as I can tell, completely unaware of the deoptimization.  So things sat there for a few weeks in the same state as Bytecoin.

By the time I got into it, developer "NoodleDoodle" (hey, this is crypto, people can pick whatever names they want -- Satoshi Nakamoto?) had already untwisted the first "de-optimization" with the AES encryption key.  But the rest was ripe pickin's.  Most importantly, the entire use of AES in the inner loop was one instruction on modern x86 CPUs."

The instamine was baked into the code. Some might say the kid optimised a miner, some might say he found a deliberate set of flaws baked into the code to rig the game and he was just exploiting it. Who else was doing the same? Clearly more than one person knew about the issue.

http://da-data.blogspot.co.uk/2014/08/minting-money-with-monero-and-cpu.html

I've said my peace. It's not all black and white, Monero crew, is it.

[ddink7]

We would like to intervene this discussion as a merchant accepting Dash (formerly Darkcoin) for more than a year.

When we evaluate a cryptocoin in order to accept it in our store, there are several parameters including market cap, market volume, volatility (while favoring less volatility), blockchain age, blockchain sync speed, system and algorithm (while favoring PoW), developers' and community's activity (both in terms of social and financial aspect), fairness of distribution of coins.

We should admit that Darkcoin is the first cryptocoin that secures its place in our store after Bitcoin and if Bitcoin was not the first coin in the scene with its wide recognition, it would be in the second place. In other words, no other cryptocoins that is accepted in our store, including Litecoin and Dogecoin, has a guaranteed place and may be dropped out.

Everybody take a moment to reread this post. Yes, we have a long way to go before we start seeing big merchants accept Dash. But it's refreshing to know that for those businesses who take time to do some research, Dash is an obvious choice.

Cheers Coaex!

[GTO911]

You might be interested in this graph someone sent me: https://bitinfocharts.com/darkcoin/visualization.html

It shows that the early coins mined (from the instamine period) were transferred during the price peaks (they are the arcs).

[stonehedge]

You might be interested in this graph someone sent me: https://bitinfocharts.com/darkcoin/visualization.html

It shows that the early coins mined (from the instamine period) were transferred during the price peaks (they are the arcs).

And what does that mean exactly?  That some of the coins that were mined early on were sold at the price peaks?  Doesn't seem that scandalous to me!

[smooth]

http://da-data.blogspot.co.uk/2014/08/minting-money-with-monero-and-cpu.html

It's not entirely clear from that post unless you read it very carefully, and especially if you correlate the story he tells with the monero github commits, but what was happening was we were finding optimizations to put into the public code over the same time period that he was (starting with the NoodleDoodle one he mentions that was done before he even started).

He was a bit better at it and kept somewhat of an edge for a while, but the improvement to the public miner kept that edge modest (for example, the AES instruction thing he mentioned was also fixed by NoodleDoodle a short time later). There was a constant game of one person optimizing trying to outdo another, and I'm sure there were other miners doing that too. The exact same thing happens with every other coin, although I frankly doubt the core developers of every coin throw their optimizations out there on github right away the way we did.

[GTO911]

That some of the coins that were mined early on

That some of the coins that were instamined - Corrected

[coins101]

We would like to intervene this discussion as a merchant accepting Dash (formerly Darkcoin) for more than a year.

When we evaluate a cryptocoin in order to accept it in our store, there are several parameters including market cap, market volume, volatility (while favoring less volatility), blockchain age, blockchain sync speed, system and algorithm (while favoring PoW), developers' and community's activity (both in terms of social and financial aspect), fairness of distribution of coins.

We should admit that Darkcoin is the first cryptocoin that secures its place in our store after Bitcoin and if Bitcoin was not the first coin in the scene with its wide recognition, it would be in the second place. In other words, no other cryptocoins that is accepted in our store, including Litecoin and Dogecoin, has a guaranteed place and may be dropped out.

Everybody take a moment to reread this post. Yes, we have a long way to go before we start seeing big merchants accept Dash. But it's refreshing to know that for those businesses who take time to do some research, Dash is an obvious choice.

Cheers Coaex!

Actually, I've got him bookmarked for some future buying.

I just think the price of gold at the moment is heading down a little more