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Author Topic: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)  (Read 81582 times)
IloveAnonCoin
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April 07, 2014, 09:56:55 AM
 #1

Looking at the Darkcoin's dev, when people in Bitcointalk talk about the dev's instamine, and it is able to check via Abe explorer.
Today, he decided to do "Airdrop" 2,000,000 DRK ( are you kidding me ?, he instamine 2 millions darkcoins or almost 18 million USD)
Such a good dev, if people cannot catch his trick, he will definitely go with his instamine.


The first 24 hours of the coins existence keep causing us problems, an "airdrop" could be a solution to this. We could airdrop all holders (uniquely verified) with a equal portion of coin. This coin would come from a block in the future that paid 2 million+ coins to a specific address that I hold. We could use some kind of verification system like mastercoin (http://mastercoin-faucet.com/github-intro)
The airdrop would be a month or so into the future, so it would give users time to buy coins and become holders creating some demand. Also, we'd have a much larger market cap and the argument about the first 24 hours would become invalid.

How would you get a part of the airdrop?

- You must own 100DRK ( if you're new to Darkcoin but want to be part of the drop, you would need to purchase 100DRK ).

One of the following:
- Github: To redeem this reward, you need either at least three public repositories and your account must be older than August 1, 2013
- Reddit: To redeem this reward, you need a Reddit account with more than 100 karma.
- Bitcointalk: To redeem this reward you need an activity score above 10 as well as at least 10 posts

Any of these accounts would need to be created before April 1, 2014.
Vote!

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.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!



THE FACTS ABOUT DARK COIN

1. released without windows QT so that only dev and pals could mine it.

2. Instamined harder than any other coin out there  12.5% of the current minting was mined in the first day

3. Later they decided to cut the minting by 75% to turn their 12.5% instamine with no windows QT into 50% instamine in 24hours - nice hey


yes that is correct they mined 50% of all the coins available at this time by themselves in the first 24 hours whilst windows users could not mine.


That is the facts.... doesn't matter what else they say... nothing can change what they have done.

Once zero coin, or bytecoin with a decent wallet it released or another darkcoin clone is released.... dark coin will sink like a stone.



Every time they try to spam their coin just post this to remind them of the facts about their coin.

hehe they will accuse anyone to hide their scam...

LET THEM ARGUE WITH THESE FACTS

1.  The block reward was 500 every couple seconds at launch!  Not 20 or 50 coins every 2.5 minutes as listed.  There was also no windows wallet so only linux users could mine.  This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours.  Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!!  All mined in the first 24hours by just a few wallets.  Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.)

2.  Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets.  This could be 10 people or it could be simply Evan with 10 different wallets.

3.  My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch.  The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million!


noob fools saying i think it is nice people mining early get more coins...lol you silly noobs.

you would all be crying when a coin comes out with no wallet and a HUGE HUGE HUGE % of minting is mined in 24hours that you will never have a chance at you silly people.

keep quiet over thing you don't understand.


Just print this to anything they say!!!!!!

1.  The block reward was 500 every couple seconds at launch!  Not 20 or 50 coins every 2.5 minutes as listed.  There was also no windows wallet so only linux users could mine.  This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours.  Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!!  All mined in the first 24hours by just a few wallets.  Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.)

2.  Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets.  This could be 10 people or it could be simply Evan with 10 different wallets.

3.  My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch.  The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million!


the more they try to justify or excuse it the more people get to read about the scam..............

in the end they will accept it is best to shut up about it and hope people forget.
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IloveAnonCoin
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April 07, 2014, 09:58:09 AM
 #2

Even the member who support Darkcoin also accepted that Darkcoin was instamine as below.

Fact: 100.000 DRKs cost 2.5 BTC to buy for 15 days after launch. The entire worth of the instamine was less than 50 BTC at then rates.

Fact2: People bought, the instamine was distributed

Fact3: People sold later on locking profits of 10x-100x etc

Fact4: People who bought from those who sold at 0.00018 / 0.0005 / 0.0012-0.002, also got gains of 10-20x+

Keep trolling Tongue

Here is the log from dark topic.



Of course its a scam, anyone whit half a brain knows this, but in the cryproworld its just another one to add to the ever growing list.

It originaly launched a few minutes before the official launch time on the 18th January 9:58 (5pm EST)


Because the code was full of bugs a restart was necessary, it then officially launched at 11pm EST


The coin was 5 min old the first screams of instamine


.
So we finally mate it to the active blockchain. The dev mate sure it is the worst possible launch time for Europe and America, but he at least it was a good time for Kiribati.
Sunday at 4 in the morning is a sure time you find most miners waiting for a launch
.



The coin is barly a few minutes old and the dev is already throwing the coins by the thousands



Yes its raining coins, but he enjoy it will it lasts.



If the dev would have been serious about the instamine he would have relaunched after having discovered yet another bug, after all it was done before.
Equally the dev is flat out lying in his claim the algo it is ASIC resistant and it being anonym. All it does is displaying his true character. If darksend does not significant differentiate from coinjoin he is breaking the law as well.



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April 07, 2014, 10:01:56 AM
 #3

Aah, another Darkcoin scam thread.
And if so -  he'd deserve it for all the amazing work he has done.

How many Bitcoins were instamined?
That sums up to how many US $?
IloveAnonCoin
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April 07, 2014, 10:04:40 AM
 #4

Aah, another Darkcoin scam thread.
And if so -  he'd deserve it for all the amazing work he has done.

How many Bitcoins were instamined?
That sums up to how many US $?

Are you out of your mine dude ? 22M Max Coins , 2M is 9%. I mean, it is okay to do premine 1-2%, not 9%.
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April 07, 2014, 10:05:42 AM
 #5

its not a scam
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April 07, 2014, 10:08:03 AM
 #6

That was so hillarious, please buy 100 DRK first!!
But some People will fall for it, i also start to believe that Darksend is just a Marketing Gag.

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April 07, 2014, 10:10:38 AM
 #7

do you need to how read engrish?
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April 07, 2014, 10:53:24 AM
 #8

That was so hillarious, please buy 100 DRK first!!
But some People will fall for it, i also start to believe that Darksend is just a Marketing Gag.

It is and always was  Grin

however, pump a little so I can get a 100% gain before I quit, ok?

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April 07, 2014, 02:32:57 PM
 #9

https://bitcointalk.org/index.php?topic=560000.0

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April 07, 2014, 02:48:32 PM
 #10

Going to make a coin for this prick and got my logo done and dusted

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April 07, 2014, 02:50:15 PM
 #11

The greedy fools invested in darkcoin are defending premines  Cheesy
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April 07, 2014, 03:11:32 PM
 #12

you gotta love darkcoin trolls.
anonymousxx1503
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April 07, 2014, 03:25:15 PM
 #13

Yes people, please take this thread seriously from a guy named 'I love anoncoin'. It's obviously not over the top FUD which only shows the parts OP wants to show. The Darkcoin Developer, Evan Duffield, has his face out there and is one of the big contributors to the advancement of altcoins. Early adopters got a lot of coins but gave a ton away, the dev even bought some more after that. There's not only 1 person who has those darkcoins, it's distributed amongst all those who mined early and the dev while certainly having a few, doesn't have as much as you'd think.

The bottom line is that Darkcoin is an innovator.

I'd like to thank eduffield and the other developers for this critically important evolution in virtual currency. DarkCoin is what bitcoin should have been. Some might call it "Bitcoin 2.0" but would do better by saying: "DarkCoin is digital cash." - Child Harold - February 28, 2014
https://bitcointalk.org/index.php?topic=421615.msg5424980#msg5424980
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April 07, 2014, 03:28:47 PM
 #14

Aah, another Darkcoin scam thread.
And if so -  he'd deserve it for all the amazing work he has done.

How many Bitcoins were instamined?
That sums up to how many US $?

oh yeah Jefferey dahmer did a great job injecting hydrochloric acid or boiling water into the skulls of his victims to turn them into sex slave zombies
and was a great at keeping severed penis's, torso's and heads in his freezer.. he was so good at he got away with it for years !
so i guess he deserved to get away with it and so does every other guy that comes along right ?
"amazing" work eh ? yaaaaaaaaaaa

ohh yeah i looooove your logic buddy ahahhahhahaa

omygod you people are fucked in the head seriously

hey Mark was great at ripping off all you Gox'tards so he deserves to keep the half billion dollars worth of bitcoin he stole right ?
and by your genius logic we should allow every other guy that comes along to do the exact same.. yeah that's brilliant guy  Roll Eyes

hey Bitcoin did blah blah blah so every other scammy altcoin should be able to be a sleezy thieving pile of bullshit too eh ?

FUD first & ask questions later™
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April 07, 2014, 03:48:39 PM
 #15


 FYI: Its been decided that there will be NO airdrop.

The idea was brought up as an option and the community has decided that it would not be in the coins best interest for long term sustainability!

DarkCoin - https://bitcointalk.org/index.php?topic=421615 - DarkCoin aims to be the first privacy-centric cryptographic currency with fully encrypted transactions and anonymous block transactions.
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April 07, 2014, 04:39:46 PM
 #16

Looking at the Darkcoin's dev, when people in Bitcointalk talk about the dev's instamine, and it is able to check via Abe explorer.
Today, he decided to do "Airdrop" 2,000,000 DRK ( are you kidding me ?, he instamine 2 millions darkcoins or almost 1.2 million USD)
Such a good dev, if people cannot catch his trick, he will definitely go with his instamine.


The first 24 hours of the coins existence keep causing us problems, an "airdrop" could be a solution to this. We could airdrop all holders (uniquely verified) with a equal portion of coin. This coin would come from a block in the future that paid 2 million+ coins to a specific address that I hold. We could use some kind of verification system like mastercoin (http://mastercoin-faucet.com/github-intro)
The airdrop would be a month or so into the future, so it would give users time to buy coins and become holders creating some demand. Also, we'd have a much larger market cap and the argument about the first 24 hours would become invalid.

How would you get a part of the airdrop?

- You must own 100DRK ( if you're new to Darkcoin but want to be part of the drop, you would need to purchase 100DRK ).

One of the following:
- Github: To redeem this reward, you need either at least three public repositories and your account must be older than August 1, 2013
- Reddit: To redeem this reward, you need a Reddit account with more than 100 karma.
- Bitcointalk: To redeem this reward you need an activity score above 10 as well as at least 10 posts

Any of these accounts would need to be created before April 1, 2014.
Vote!

Well just like Quark and Zeta and Blackcoin.....

Not "just like" quark though. qrks mining fase in the beginning was even harder than primecoin. See the comments below which were made on July 22 on the official Quark topic at Bitcointalk, 1 day after it was released:

- "there was no instamine. I mined my first block at around 300sh with my little Xeon cluster, and it was already pretty hard to catch a new block. It was much much easier to get Primecoins for the first three days with the same cluster."

- "I got about 100k in the first hour and another 100k in the next 12 hours. Not really instamine. After the first hour the difficulty drastically changed things. Considering blocks are 2048 coins thats not that many. I did the same with YAC, and XPM when they came out."
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April 07, 2014, 04:55:16 PM
 #17

The devs have the right to premine/instamine their coin or create an IPO. I am not against that if there is innovation. But I don't like liars. They must say the truth.
anonuser777
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April 07, 2014, 05:20:23 PM
 #18

Early adopters got a lot of coins but gave a ton away, the dev even bought some more after that.

Did early adopters really give a ton away? If you were to tell me that a ton of dogecoin was given away at the start, then yes I might believe you. Two kind shibes gave me 1000+ doge for posting my address in the [ANN] thread, plus whales on doge-dige.com were regularly raining down 10,000+ doge on everyone there. If your above statement is true, then surely you can provide similar evidence?

IloveAnonCoin
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April 07, 2014, 05:31:06 PM
 #19

The devs have the right to premine/instamine their coin or create an IPO. I am not against that if there is innovation. But I don't like liars. They must say the truth.

dude, 9% of coins, 1-2% is acceptable not 9%.
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April 07, 2014, 05:38:51 PM
 #20

The devs have the right to premine/instamine their coin or create an IPO. I am not against that if there is innovation. But I don't like liars. They must say the truth.

dude, 9% of coins, 1-2% is acceptable not 9%.

That's why I said they must say the truth, then people are free to accept or reject that.
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