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Author Topic: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)  (Read 82159 times)
PoS
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August 04, 2014, 05:32:28 PM
 #681

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.
So true, I used to have more than a Masternote and could not figure out why the price keeps falling. Then i realized that the mining is totally flawed. What a shame the greed of the dev kills this coin.
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August 05, 2014, 11:58:58 AM
 #682

Are people still harping on about the coins that were mined 7 months ago??

Darkcoin is  now among the most diffuse coins around, even a cursory blockchain investigation will illustrate that there is excellent distribution of available coins.

so all this thread and its proponents are proving is that

a -  They have an agenda to spread easily debunkable fud.

b - They are for some reason unable or unwilling  to analyse the blockchain using freely available resources.










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August 05, 2014, 02:20:41 PM
 #683

Are people still harping on about the coins that were mined 7 months ago??

Darkcoin is  now among the most diffuse coins around, even a cursory blockchain investigation will illustrate that there is excellent distribution of available coins.

so all this thread and its proponents are proving is that

a -  They have an agenda to spread easily debunkable fud.

b - They are for some reason unable or unwilling  to analyse the blockchain using freely available resources.


I solo'd a UFOcoin block the other week. Plz buy it from me for 5 BTC or STFU. Grin

"excellent distribution" ? Does your client also geographically pinpoint each addy's IP and location ?

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August 05, 2014, 03:21:13 PM
 #684


DRK is probably one of the most investable coins around right now - regardless of what blockheads like stealthcoin say.

It has survived one of the most difficult phases of any coin's development and still has a $20M odd market cap - around 4 times that of its nearest competitor.

The instamine stuff is garbage. Dealt with long ago but remains as one of the few scraps of crud that fudsters like stealthcoin like to chew to death in the absence of anything more substantial.
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August 05, 2014, 06:02:11 PM
 #685

Are people still harping on about the coins that were mined 7 months ago??

Darkcoin is  now among the most diffuse coins around, even a cursory blockchain investigation will illustrate that there is excellent distribution of available coins.

so all this thread and its proponents are proving is that

a -  They have an agenda to spread easily debunkable fud.

b - They are for some reason unable or unwilling  to analyse the blockchain using freely available resources.


I solo'd a UFOcoin block the other week. Plz buy it from me for 5 BTC or STFU. Grin

"excellent distribution" ? Does your client also geographically pinpoint each addy's IP and location ?

Eh?

3 of the top 5 wallets by quantity have been identified as mintpal and crypsy  and the  rest of the coins are spread out nicely, this is as much reassurance as is possible to get in cryptoland.
look at the LTC if you want to see extreme concentration of coins in a few wallets.

BTC - 1GJ2dWf8WBznTtkuuof3WTBXQAULaqVGYj LTC - LTyCKKCGHJQZwsh5YhyzGeee4womQwChUU DASH - Xp5pq62dgJxmbhawyNtWMKT9Rst8JgNCY7
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August 11, 2014, 08:08:54 AM
 #686


DarkCoin was largely held by insiders which is why they controlled the price so well on the way up. It's gonna be another worldcoin, another aurora.  I still can't believe how many people paid $10 per coins for DarkScam.  lol.

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August 18, 2014, 10:12:16 AM
 #687


DarkCoin was largely held by insiders which is why they controlled the price so well on the way up. It's gonna be another worldcoin, another aurora.  I still can't believe how many people paid $10 per coins for DarkScam.  lol.

This is why you don't buy coins that have been instamined 50% on the first day by the dev....
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August 18, 2014, 10:25:12 AM
 #688

I moved all of my DRK to XMR already. These Darkcoins ain't loyal.
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August 18, 2014, 10:30:11 AM
 #689


DarkCoin was largely held by insiders which is why they controlled the price so well on the way up. It's gonna be another worldcoin, another aurora.  I still can't believe how many people paid $10 per coins for DarkScam.  lol.

This is why you don't buy coins that have been instamined 50% on the first day by the dev....
Those thousands sold is nothing when compared to the 2 million instamined and 1 million ninjamined
The biggest problem however is the fact that the whole concept is fundamentally flawed
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August 18, 2014, 10:40:01 AM
 #690




The coin with the greatest success in the long term is Cloakcoin

I believe you.
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August 18, 2014, 10:40:12 AM
 #691

75% crashed today. What's going on?

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August 18, 2014, 10:52:12 AM
 #692

Best threads from /r/DRKCoin:

Anyone else still holding after buying at $10+ ?
http://www.reddit.com/r/DRKCoin/comments/2dpeza/anyone_else_still_holding_after_buying_at_10/
^^^^
Some bagholders who bought at the peak and will continue to hold until 0

Why the price of DRK down?Is there something wrong with RC4?
http://www.reddit.com/r/DRKCoin/comments/2dmdhn/why_the_price_of_drk_downis_there_something_wrong/
^^^^
DRK cult members confused as to why their messiah RC4 hasn't brought DRK to the moon. They were promised RC4 would be DRK's savior.

Long waited Darkcoin RC4 just got launched by Evan minutes ago followed by 12% price increase. We might hit the all-time-high soon.
http://www.reddit.com/r/DRKCoin/comments/2dfraj/long_waited_darkcoin_rc4_just_got_launched_by/
^^^^
This one from 4 days ago with the OP suggesting DRK would soon hit an all-time-high
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August 18, 2014, 11:11:14 AM
Last edit: August 19, 2014, 09:47:33 PM by AlexGR
 #693


DarkCoin was largely held by insiders which is why they controlled the price so well on the way up. It's gonna be another worldcoin, another aurora.  I still can't believe how many people paid $10 per coins for DarkScam.  lol.

This is why you don't buy coins that have been instamined 50% on the first day by the dev....

LOL... The whole altcoin market is a bloodbath with losses ranging from -15 to -60%+ (Cloak), with LTC and Peercoin losing 20% in a day... perhaps Evan instamined them too...

BTC losing 7% (edit: flascrashed 40%), also Evan's fault.
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August 19, 2014, 07:00:11 PM
 #694

This thread is a joke lol. Darkcoin is the biggest innovation in cryptocurrency since Bitcoin. People forget that the instamine was necessary for the developers to spend 2 years of full time development on this coin. Do you think they would do it for free? Ignorant people. Even BTC was instamined. Anyone could have joined the instamine as well, it was open to everyone.
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August 19, 2014, 07:11:18 PM
 #695

It was announced well in advance of the launch. All the sheep bleating "instamine!" are just envious. There were many people mining, and coins were well distributed in the weeks that followed. To suggest that the developer instamined 2 million coins is nothing but a blatant lie.
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October 07, 2014, 08:51:49 AM
 #696

How is this scam progressing?  Must be hard to dump 2 million coins with this volume. It will take the dev forever with the additional 300 free coins coming in daily through his stack of masternodes 
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October 07, 2014, 09:01:37 AM
 #697

How is this scam progressing?  Must be hard to dump 2 million coins with this volume. It will take the dev forever with the additional 300 free coins coming in daily through his stack of masternodes 

Is it true?
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October 07, 2014, 11:04:37 AM
 #698

How is this scam progressing?  Must be hard to dump 2 million coins with this volume. It will take the dev forever with the additional 300 free coins coming in daily through his stack of masternodes  

Is it true?

Must be because a Piece of Shit said so  Roll Eyes
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October 22, 2014, 02:28:44 AM
 #699

the dev is claiming that he has instant transactions in the works now...we shall see...

EYE




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February 02, 2015, 07:32:50 PM
 #700

Amazing this scam is still around, the world truly is in bad shape
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