illodin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:31:08 AM |
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Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Are you sure you mine at beginning ? Yes, pretty sure. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Why didn't you btw? It was very profitable.
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:31:54 AM |
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Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Are you sure you mine at beginning ? Yes, pretty sure. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Just for remind you ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2F16lzo4y.png%26t%3D541%26c%3DGVT7ZLue0uz5YQ&t=665&c=3Zf4Cv4u2N-3SA) ![](https://ip.bitcointalk.org/?u=http%3A%2F%2Fi.imgur.com%2F4fLPHMX.png%26t%3D541%26c%3D2WdB8pE0UbBwIQ&t=665&c=zUs7vCo21OZ7IA)
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illodin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:33:11 AM |
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Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Are you sure you mine at beginning ? Yes, pretty sure. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Why didn't you btw? It was very profitable. Just for remind you ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Are you trying to say I didn't?
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:34:32 AM |
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Does nothing? I mined in the beginning (and a bit later too), bought coins cheap, and now I'm running masternodes to support the network. I'm doing something, and getting paid nicely. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Are you sure you mine at beginning ? Yes, pretty sure. ![Wink](https://bitcointalk.org/Smileys/default/wink.gif) Why didn't you btw? It was very profitable. Just for remind you ![Smiley](https://bitcointalk.org/Smileys/default/smiley.gif) Are you trying to say I didn't? Have you read ?
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illodin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:35:38 AM |
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And just to remind you of the actual facts and the truth: Tired of the FUD ? Read the FAQ : http://wiki.darkcoin.eu/wiki/FAQWas Darkcoin Instamined?I read someone who wrote that 50% of the coins in circulation are owned by the devsNo. This is a classic case of spreading FUD (Fear Uncertainty and Doubt) by supporters of other cryptocurrencies who perceive Darkcoin as a threat to the coin they support. The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity. Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight. The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks. - During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.
The Birth Of Darkcoin (Mar 29, 2014 by Evan Duffield) This is the story of how Darkcoin came about. Recently the community has grown a lot and many people here aren’t aware at all of the early history of the coin. I’m sure you’ll see from the full story that I would have done things much differently, but hindsight is always 20/20. So who am I and what do I offer? My name is Evan Duffield and I’ve been developing software since I was 15. I also have a history in finance and an interest in economics and machine learning. I’ve worked all over the space for PR firms, creating search engines and machine learning algorithms for financial modeling. I’ve have a rewarding career and consider myself lucky to have been a part of many great projects. Also, it’s worth noting when I worked at Hawk Financial Group I got my series 65 (a financial advisor license) and I’ve used that knowledge extensively for Darkcoin. The birth of Darkcoin I discovered Bitcoin in mid 2010 and was obsessed ever since. After a couple of years in 2012 I started really thinking about how to add anonymity to Bitcoin. I came up with maybe 10 ways of doing this, but I soon realized that Bitcoin would never add my code. The developers really want the core protocol to stay the same for the most part and everything else to be implemented on the top of it. This was the birth of the concept of Darkcoin. I implemented X11 in a weekend and found it worked pretty well and it would give a completely fair start to the currency. What I really was aiming for with X11 is a similar development curve where miners would fight to create small advantages much like the early start of Bitcoin. I think this a requirement to create a healthy ecosystem. Next I was thinking about changing the reward system. I thought it would be an interesting experiment to add more incentives to join mining early on, driving up the hashrate and protecting the network, that’s when I came up with 1111.0 / ((x+1.0)^2.0), which was the first formula for controlling rewards. Launch It was January 18, 2014 and I had everything ready or so I thought. I announced the launch of Darkcoin (XCoin at the time) on BitcoinTalk. We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later. When we relaunched we had a rush of miners join causing a huge spike of coin production without it being able to adjust the difficulty quick enough, we just ended up spilling out coins. Retargeting happened every 576 blocks and could only increase the difficulty by four times, so it took about six retargets to get to a difficulty that was near 2.5 minutes per block. Later on, after the difficulty evened out we realized that there was a serious problem with the block reward calculation. You can see people discussing the problems here: https://bitcointalk.org/index.php?topic=421615.120 I soon fixed this issue at block 4500, but none of us realized the amount of coins that had been issued at the time. At that point we didn’t even have a block explorer yet. Growth Right after block 4500 is when I started working on DarkSend. I was trying to create a proof-of-concept and eventually I succeeded, I posted about it and our coin started to become more popular by the day. This is when the coin became a serious project of mine. Later on we switched to 11111.0 / ((Difficulty+51.0)/6.0)^2), these formulas proved to be much more powerful incentives to drive up the difficulty than I thought they would. Soon after we switched to (2222222.0 / ((Difficulty+2600.0)/9.0)^2.0), targeting a difficulty of about 3400. In the end? Darkcoin started from a few months of me thinking about ways to create a better coin and a couple weekends of coding. It wasn’t till later that we got established and I really started taking this seriously. Anyone can compare our recent efforts to the sorted past and see things are going much smoother. No one really knew how much this would blow up (in a good way) and how popular it would be, otherwise I would have took my time in the beginning. Goals and the future of Darkcoin I don’t believe the origins of Darkcoin are too much to overcome, but investors and users are going to have to decide for themselves if they want to support the project. Recently I’ve shifted away from other projects to going full time on Darkcoin. I think with a full time developer and our solid community we’ll be able to make something great. It’s only been a couple months and we have a lot to show for it (X11, DGW and DarkSend Beta) and there is more in the works. This obviously didn’t go perfect but I think we have a really fantastic community and I see a really bright future for Darkcoin. Of course mudslinging is easier than innovation. So keep creating new accounts while the Darkcoin team is innovating. Have a good day !
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:40:57 AM |
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The truth from the dev who did instamine ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I doubt that.
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illodin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 07:19:20 AM |
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The truth from the dev who did instamine ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I doubt that. Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week? Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin? Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding?
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 12:07:18 PM |
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The truth from the dev who did instamine ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I doubt that. Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week? Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin? Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding? I never had problem with PREMINE if he wants to do so. BUT they did instamine, and saying "No Premine".
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illodin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 12:09:32 PM |
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The truth from the dev who did instamine ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I doubt that. Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week? Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin? Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding? I never had problem with PREMINE if he wants to do so. BUT they did instamine, and saying "No Premine". So if they say "No Premine", how long they should've waited before mining?
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 12:14:37 PM |
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The truth from the dev who did instamine ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I doubt that. Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week? Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin? Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding? I never had problem with PREMINE if he wants to do so. BUT they did instamine, and saying "No Premine". So if they say "No Premine", how long they should've waited before mining? You can mine immediately after release working source code in Github, I'm not talking about Windows wallet.
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CryptoGretzky
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 01:09:57 PM |
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The truth from the dev who did instamine ? ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif) I doubt that. Do you think dev shouldn't mine at the start? How long should he wait until he can start mining? An hour? A day? A week? Isn't the dev the one who deserves the coins the most because he is the single most important person affecting the success of the coin? Shouldn't the dev have enough coins to concentrate on developing the coin without having to worry about how to pay the next rent? Or should he flip burgers 10 hours a day and code after that while being tired and having no prospect of getting paid no matter how well he does the coding? I never had problem with PREMINE if he wants to do so. BUT they did instamine, and saying "No Premine". So if they say "No Premine", how long they should've waited before mining? There's a slight difference between instamine and DRK instamine... They instamined 40% of the coin the first day THEN they changed the reward rate for everyone else so no one can ever catch up to the instamine. Other coins, at least it's just instamined X blocks....
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Brilliantrocket
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 01:34:35 PM |
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You losers gonna cry some more? God, I love DRK.
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 01:54:36 PM |
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You losers gonna cry some more? God, I love DRK.
Sorry, I feel good about exploding the fact about Dark instamine, and I will always do. God ( I don't believe in Gods ), I love truth.
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CryptoGretzky
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 02:12:25 PM |
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You losers gonna cry some more? God, I love DRK.
I love how DRK bagholders don't want new potential buyers to know this dark past of the 40% instamine. All you bagholders want is newer bagholders to help you dump your coins....
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illodin
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 05:32:36 PM |
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I love truth.
The truth can be found here: Tired of the FUD ? Read the FAQ : http://wiki.darkcoin.eu/wiki/FAQWas Darkcoin Instamined?I read someone who wrote that 50% of the coins in circulation are owned by the devsNo. This is a classic case of spreading FUD (Fear Uncertainty and Doubt) by supporters of other cryptocurrencies who perceive Darkcoin as a threat to the coin they support. The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity. Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight. The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks. - During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.
The Birth Of Darkcoin (Mar 29, 2014 by Evan Duffield) This is the story of how Darkcoin came about. Recently the community has grown a lot and many people here aren’t aware at all of the early history of the coin. I’m sure you’ll see from the full story that I would have done things much differently, but hindsight is always 20/20. So who am I and what do I offer? My name is Evan Duffield and I’ve been developing software since I was 15. I also have a history in finance and an interest in economics and machine learning. I’ve worked all over the space for PR firms, creating search engines and machine learning algorithms for financial modeling. I’ve have a rewarding career and consider myself lucky to have been a part of many great projects. Also, it’s worth noting when I worked at Hawk Financial Group I got my series 65 (a financial advisor license) and I’ve used that knowledge extensively for Darkcoin. The birth of Darkcoin I discovered Bitcoin in mid 2010 and was obsessed ever since. After a couple of years in 2012 I started really thinking about how to add anonymity to Bitcoin. I came up with maybe 10 ways of doing this, but I soon realized that Bitcoin would never add my code. The developers really want the core protocol to stay the same for the most part and everything else to be implemented on the top of it. This was the birth of the concept of Darkcoin. I implemented X11 in a weekend and found it worked pretty well and it would give a completely fair start to the currency. What I really was aiming for with X11 is a similar development curve where miners would fight to create small advantages much like the early start of Bitcoin. I think this a requirement to create a healthy ecosystem. Next I was thinking about changing the reward system. I thought it would be an interesting experiment to add more incentives to join mining early on, driving up the hashrate and protecting the network, that’s when I came up with 1111.0 / ((x+1.0)^2.0), which was the first formula for controlling rewards. Launch It was January 18, 2014 and I had everything ready or so I thought. I announced the launch of Darkcoin (XCoin at the time) on BitcoinTalk. We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later. When we relaunched we had a rush of miners join causing a huge spike of coin production without it being able to adjust the difficulty quick enough, we just ended up spilling out coins. Retargeting happened every 576 blocks and could only increase the difficulty by four times, so it took about six retargets to get to a difficulty that was near 2.5 minutes per block. Later on, after the difficulty evened out we realized that there was a serious problem with the block reward calculation. You can see people discussing the problems here: https://bitcointalk.org/index.php?topic=421615.120 I soon fixed this issue at block 4500, but none of us realized the amount of coins that had been issued at the time. At that point we didn’t even have a block explorer yet. Growth Right after block 4500 is when I started working on DarkSend. I was trying to create a proof-of-concept and eventually I succeeded, I posted about it and our coin started to become more popular by the day. This is when the coin became a serious project of mine. Later on we switched to 11111.0 / ((Difficulty+51.0)/6.0)^2), these formulas proved to be much more powerful incentives to drive up the difficulty than I thought they would. Soon after we switched to (2222222.0 / ((Difficulty+2600.0)/9.0)^2.0), targeting a difficulty of about 3400. In the end? Darkcoin started from a few months of me thinking about ways to create a better coin and a couple weekends of coding. It wasn’t till later that we got established and I really started taking this seriously. Anyone can compare our recent efforts to the sorted past and see things are going much smoother. No one really knew how much this would blow up (in a good way) and how popular it would be, otherwise I would have took my time in the beginning. Goals and the future of Darkcoin I don’t believe the origins of Darkcoin are too much to overcome, but investors and users are going to have to decide for themselves if they want to support the project. Recently I’ve shifted away from other projects to going full time on Darkcoin. I think with a full time developer and our solid community we’ll be able to make something great. It’s only been a couple months and we have a lot to show for it (X11, DGW and DarkSend Beta) and there is more in the works. This obviously didn’t go perfect but I think we have a really fantastic community and I see a really bright future for Darkcoin. Of course mudslinging is easier than innovation. So keep creating new accounts while the Darkcoin team is innovating. Have a good day !
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IloveAnonCoin (OP)
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:18:10 PM |
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I love truth.
The truth can be found here: Tired of the FUD ? Read the FAQ : http://wiki.darkcoin.eu/wiki/FAQWas Darkcoin Instamined?I read someone who wrote that 50% of the coins in circulation are owned by the devsNo. This is a classic case of spreading FUD (Fear Uncertainty and Doubt) by supporters of other cryptocurrencies who perceive Darkcoin as a threat to the coin they support. The coin has been well distributed through exchanges since early February 2014 – almost 15-20 days after the coin's launch. One could buy as many cheap DRKs as they wanted, with prices of 0.0000x per DRK or 0.0001x per DRK. This can be verified by historic charts of c-cex.com and poloniex.com of early Feb 2014. These two exchanges were the first that adopted DRK. Huge buy orders of 20-30-50k DRKs were being filled by early miners who were dumping their coins for pennies, not really appreciating the coin they had in their possession due to the “abundant” way in which they mined it as people do not really appreciate what they are given in ample quantity. Miners who “instamined” large quantities never foresaw the huge price increase and as such sold over a million coins at prices from 0.0000x up to 0.002 – with the first large batch being sold after DRK hit the exchanges and the next large batches being sold from February 2014 to April 2014 @ 0.0015 BTC price levels. In fact, many coin holders were complaining* of all the “dumping” by those who held cheap coins from the start that kept the price at artificially low levels for 2 months straight. The dumping ended, due to tremendous market demand, when a “pump” was initiated by “whale” buyers that swallowed millions of USD (in DRKs), raising the price from 0.0012 to 0.017 within a few weeks. - During this dumping period there were certain individuals who spread FUD about how the coin will never rise in price due to the instaminers dumping continuously. These are typically the same people who are claiming that the 50% instamine distribution affects the coin distribution today. However it is impossible to simultaneously claim that the coins were being dumped and that the 50% instamine holds true today. It's either one or the other. Since the coins were being dumped, the 50% instamine distribution was gradually reduced with each dumping wave. Blockchain analysis indicates a well distributed coin, reflecting the fact that the dumped coins were evenly distributed through the market. Early distribution is not currently an issue as huge buyers have been reshuffling the "rich-list" in their favor, buying millions of dollars in Darkcoins during May 2014. Late distribution through aggressive buying is currently more of a concern than early distribution.
The Birth Of Darkcoin (Mar 29, 2014 by Evan Duffield) This is the story of how Darkcoin came about. Recently the community has grown a lot and many people here aren’t aware at all of the early history of the coin. I’m sure you’ll see from the full story that I would have done things much differently, but hindsight is always 20/20. So who am I and what do I offer? My name is Evan Duffield and I’ve been developing software since I was 15. I also have a history in finance and an interest in economics and machine learning. I’ve worked all over the space for PR firms, creating search engines and machine learning algorithms for financial modeling. I’ve have a rewarding career and consider myself lucky to have been a part of many great projects. Also, it’s worth noting when I worked at Hawk Financial Group I got my series 65 (a financial advisor license) and I’ve used that knowledge extensively for Darkcoin. The birth of Darkcoin I discovered Bitcoin in mid 2010 and was obsessed ever since. After a couple of years in 2012 I started really thinking about how to add anonymity to Bitcoin. I came up with maybe 10 ways of doing this, but I soon realized that Bitcoin would never add my code. The developers really want the core protocol to stay the same for the most part and everything else to be implemented on the top of it. This was the birth of the concept of Darkcoin. I implemented X11 in a weekend and found it worked pretty well and it would give a completely fair start to the currency. What I really was aiming for with X11 is a similar development curve where miners would fight to create small advantages much like the early start of Bitcoin. I think this a requirement to create a healthy ecosystem. Next I was thinking about changing the reward system. I thought it would be an interesting experiment to add more incentives to join mining early on, driving up the hashrate and protecting the network, that’s when I came up with 1111.0 / ((x+1.0)^2.0), which was the first formula for controlling rewards. Launch It was January 18, 2014 and I had everything ready or so I thought. I announced the launch of Darkcoin (XCoin at the time) on BitcoinTalk. We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later. When we relaunched we had a rush of miners join causing a huge spike of coin production without it being able to adjust the difficulty quick enough, we just ended up spilling out coins. Retargeting happened every 576 blocks and could only increase the difficulty by four times, so it took about six retargets to get to a difficulty that was near 2.5 minutes per block. Later on, after the difficulty evened out we realized that there was a serious problem with the block reward calculation. You can see people discussing the problems here: https://bitcointalk.org/index.php?topic=421615.120 I soon fixed this issue at block 4500, but none of us realized the amount of coins that had been issued at the time. At that point we didn’t even have a block explorer yet. Growth Right after block 4500 is when I started working on DarkSend. I was trying to create a proof-of-concept and eventually I succeeded, I posted about it and our coin started to become more popular by the day. This is when the coin became a serious project of mine. Later on we switched to 11111.0 / ((Difficulty+51.0)/6.0)^2), these formulas proved to be much more powerful incentives to drive up the difficulty than I thought they would. Soon after we switched to (2222222.0 / ((Difficulty+2600.0)/9.0)^2.0), targeting a difficulty of about 3400. In the end? Darkcoin started from a few months of me thinking about ways to create a better coin and a couple weekends of coding. It wasn’t till later that we got established and I really started taking this seriously. Anyone can compare our recent efforts to the sorted past and see things are going much smoother. No one really knew how much this would blow up (in a good way) and how popular it would be, otherwise I would have took my time in the beginning. Goals and the future of Darkcoin I don’t believe the origins of Darkcoin are too much to overcome, but investors and users are going to have to decide for themselves if they want to support the project. Recently I’ve shifted away from other projects to going full time on Darkcoin. I think with a full time developer and our solid community we’ll be able to make something great. It’s only been a couple months and we have a lot to show for it (X11, DGW and DarkSend Beta) and there is more in the works. This obviously didn’t go perfect but I think we have a really fantastic community and I see a really bright future for Darkcoin. Of course mudslinging is easier than innovation. So keep creating new accounts while the Darkcoin team is innovating. Have a good day ! Below is the truth
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Brilliantrocket
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![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
June 27, 2014, 06:28:24 PM |
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No one cares about the instamine. No one denies it. Do you have anything else to say or are you a broken record player?
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nutildah
Legendary
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Activity: 3094
Merit: 8307
Happy 10th Birthday to Dogeparty!
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June 27, 2014, 06:40:22 PM |
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Hey everyone who is a decent and/or fairly intelligent person,
Stop bumping this thread. I'm just doing it now because its almost at the top already.
But you can make this thread go away if you stop adding to it.
Stop feeding the trolls.
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IloveAnonCoin (OP)
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June 27, 2014, 06:50:38 PM |
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No one cares about the instamine. No one denies it. Do you have anything else to say or are you a broken record player?
Actually, I do care, and a lot of people in here care. Lots of people who are Darkcoin supporter tries to denied/cover it.
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toknormal
Legendary
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Activity: 3066
Merit: 1188
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June 27, 2014, 07:24:41 PM |
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Actually, I do care, and a lot of people in here care. Lots of people who are Darkcoin supporter tries to denied/cover it.
Feel free to keep the crusade going but I think it's an accepted part of history now who's effects were mitigated by subsequent trading. Accepted by the market, accepted by the miners. You call it a "scam". I don't. I call it "the difficulty was too low for a period and a lot of people got a lot of coins". A scam is where you take people's money and give them something of no value in return. On the other hand, anybody who mined or bought Darkcoin back then and held has made huge returns, so I'm sorry, I don't buy your definition of "scam" in this case. Broken record.
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