So after starting a thread looking at the merits of x11 over existing algos and not getting even 1 ....yes not even 1 clearly verified advantage the thread seemed to become infested with dark coin destroyers.
They were seemingly so upset that x11 had no reason to really exist, and all the marketing hype was actually based upon NOTHING, that they started turning on the first coin to use this chained algo and bringing up all kinds of facts i had missed. The most upset was user TAOWAY whom felt the urge to highlight the most disturbing parts of this potential scam coin...
The most distrubing of those were these 2 points. - Full credit goes to user
TAOWAY for bringing these points to my attention.
1. Dark coin (called some other name back then) was launched and the BLOCK EXPLORER shows a HUGE amount of blocks being instamined almost.....well INSTANTLY.
2. Dark coin bolstered their instamine by starting WITHOUT A WINDOWS QT ( THANKS FOR BRINGING THIS TO MY ATTENTION)also pay particular attention to page 5 on the original thread.... for someone that does not premine....had 5k to give away as if it was nothing quite fast as the person does comment on
was the retarget every block at the start or was it more instamine scam friendly back then?
Let's discuss these points and examine them to find the
truth.We are only interested in the truth regarding these points, anything not related to the truth about them will be deleted. We must not be sidetracked from the search for the truth.
If you have a factual piece of evidence to back up or dismiss these two points feel free to post it. Opinion not accompanied by some kind of evidence will have to be deleted in the interest of keeping this thread on track.
NOTHING will be deleted if it is related to these two points or regarding darkcoins scam/non scam case as long as you have some evidence to back it up. A persons agenda means nothing. If you are a lover or a hater feel free to post but have some evidence pertaining to drk coin and only darkcoin. The truth only must be posted.
Posting cryptohunter has an agenda to crash dark coin or boost x coin will be deleted..... even if this is true it does not matter because we can only deal in the truth here. If my agenda is to highlight a scam, then that is my agenda. If your agenda is to defend a coin and present it as not a scam that is fine too, just have some evidence to back it up and present your case in a reasonable manner.
So the truth please regarding the darkcoin instamine with evidence??..... anything else gets deleted since the topic will be derailed.
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more detailed look updated
https://bitcointalk.org/index.php?topic=421615.msg4589219#msg4589219Edufield 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#msg4592827Edufield 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
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comment from one of the xcoin/darkcoin/dash devs posted on this thread page 4
Quote from: InternetApe on 06-04-2014, 20:48:04
Was there some instamine? "I" wouldnt call it instamine where the developers got all the coins as in a premine, but there was a good amount that was mines
in the first 24-48 hours. I my self as one of the developers I mines ~120k DRK. and realized this could be a problem in the futures and gave away around 50k to get people interested.
Yes, there was an issue that the blocks stayed at 500DRK vs going down and that was promptly fixed. So yes there was the ability for people that got in at the launch that was able to get a larger share of the coins, but we felt that this was a better idea then to allow premining, where the devs get ALL the coins. I myself started up 100 amazon ec2 hosts to mine. But there were alot of others that did the same.
Windows wallet? NO there was no windows wallet at the very beginning, but according to our research most of the miners especially at the beginning used linux anyways, Shortly after we found someone to get the windows wallet built, and even paid they to get my computer setup to build the windows wallets, as we are primarily linux based programmers. We also around that time found someone to get the MAC wallet built.
While I agree things could have been better at the beginning to limit the coins I dont think you can group this coin with the other coins that were OBVIOUSLY were built just to pump and dump and leave. I hope you, and others, can see that this was not designed to be a scam, we just wanted to build something that others have not and keep putting new features into this coin and eventually opensource the code so others can build upon it a well.
We have a great community following darkcoin and they have helped greatly in getting new features into the coin and point out problems. There are several people following that at the beginning were asking questions and brining up the same issues you have and now are happy with what we have been trying to do and now greatly support the coin. As we hope you and others can too.
I have tried to address the concerns you you have brought up and I hope this helps, other wise im sure you will just delete this response too..
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