Bitcoin Forum
November 18, 2019, 06:52:07 PM *
News: Latest Bitcoin Core release: 0.18.1 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: DarkCoin Instamine Scam  (Read 1003 times)
AdamWhite
Hero Member
*****
Offline Offline

Activity: 607
Merit: 500



View Profile
March 12, 2015, 03:38:44 PM
 #1

Does anyone else think the 2+ million coin instamine in the first 48 hours is a disgrace to everything crypto is supposed to stand for?

The darkcoin fanboys don't seem to think it's a problem. They're quick to point out that the project needed funding, but the official explanation is that the instamine was an accident. Seems like a fraudulent way of going about funding a project.

Is darkcoin a good buy, or is the project doomed because of the shady start?



1574103127
Hero Member
*
Offline Offline

Posts: 1574103127

View Profile Personal Message (Offline)

Ignore
1574103127
Reply with quote  #2

1574103127
Report to moderator
1574103127
Hero Member
*
Offline Offline

Posts: 1574103127

View Profile Personal Message (Offline)

Ignore
1574103127
Reply with quote  #2

1574103127
Report to moderator
1574103127
Hero Member
*
Offline Offline

Posts: 1574103127

View Profile Personal Message (Offline)

Ignore
1574103127
Reply with quote  #2

1574103127
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1574103127
Hero Member
*
Offline Offline

Posts: 1574103127

View Profile Personal Message (Offline)

Ignore
1574103127
Reply with quote  #2

1574103127
Report to moderator
1574103127
Hero Member
*
Offline Offline

Posts: 1574103127

View Profile Personal Message (Offline)

Ignore
1574103127
Reply with quote  #2

1574103127
Report to moderator
1574103127
Hero Member
*
Offline Offline

Posts: 1574103127

View Profile Personal Message (Offline)

Ignore
1574103127
Reply with quote  #2

1574103127
Report to moderator
nsimmons
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
March 12, 2015, 03:58:02 PM
 #2

What was dark coins value in the first 48hr window?

What is 2*10^6 * 0?

This is your argument, reconsider it.

vrm86
Hero Member
*****
Offline Offline

Activity: 678
Merit: 500


View Profile
March 12, 2015, 04:00:17 PM
 #3

I'd not invest a satoshi in DRK unless I would know exact time of the final dump.

 
What was dark coins value in the first 48hr window?

What is 2*10^6 * 0?

This is your argument, reconsider it.

Main assumption of insta-/premine is that coin will reach any value in near future.
BCwinning
Hero Member
*****
Offline Offline

Activity: 728
Merit: 500


View Profile
March 12, 2015, 04:04:11 PM
 #4

Does anyone else think the 2+ million coin instamine in the first 48 hours is a disgrace to everything crypto is supposed to stand for?

The darkcoin fanboys don't seem to think it's a problem. They're quick to point out that the project needed funding, but the official explanation is that the instamine was an accident. Seems like a fraudulent way of going about funding a project.

Is darkcoin a good buy, or is the project doomed because of the shady start?




I do and I also think the masternode is another scam. It seems the coin is self destructing though so don't worry about it.

https://www.rixty.com?ref=1337507 sign up for rixty
privacy, it does the body good.
Official Bitcoin Foundation Secretariat
The New World Order thanks you for your support of Bitcoin and encourages your continuing support so that they may track your expenditures easier.
nsimmons
Sr. Member
****
Offline Offline

Activity: 308
Merit: 250


View Profile
March 12, 2015, 04:12:15 PM
 #5

I'd not invest a satoshi in DRK unless I would know exact time of the final dump.

 
What was dark coins value in the first 48hr window?

What is 2*10^6 * 0?

This is your argument, reconsider it.

Main assumption of insta-/premine is that coin will reach any value in near future.

2*10^6 * 0 = 0

solid12345
Legendary
*
Offline Offline

Activity: 1232
Merit: 1000



View Profile
March 12, 2015, 05:01:38 PM
 #6

What was dark coins value in the first 48hr window?


What was the value of Bytecoin when they mined their own coin for 2 years? Nothing. But somehow they get grief and Darkcoin doesn't. By the way what was the value of those Dark coins within a few days and weeks of hitting the exchange? As much as a dollar in some cases, absurdly high for a generic coin that did nothing at the time.
MisO69
Legendary
*
Offline Offline

Activity: 1918
Merit: 1005


My mule don't like people laughing


View Profile
March 12, 2015, 05:35:28 PM
 #7

Does anyone else think the 2+ million coin instamine in the first 48 hours is a disgrace to everything crypto is supposed to stand for?

The darkcoin fanboys don't seem to think it's a problem. They're quick to point out that the project needed funding, but the official explanation is that the instamine was an accident. Seems like a fraudulent way of going about funding a project.

Is darkcoin a good buy, or is the project doomed because of the shady start?


Don't forget, no windows wallet at launch. So only dev and linux buddies insta-mined this one. Block reward was wrong at launch from what the op stated. It was 10x more. gee..

choochimil
Sr. Member
****
Offline Offline

Activity: 266
Merit: 250



View Profile
March 12, 2015, 05:39:36 PM
 #8

At the time, premines were the thing.

                  ▄█▄
               █████████
            ███    █    ███
        ████       █       ████
     ███           █           ███
 ████              █              ████
█████             ███             █████
██   ███         █████         ████  ██
██      ███▓    ██ █ ██     ███      ██
██         ██████  █  ██████         ██
██           █████ █ █████           ██
██          ██   █████   ██          ██
██         ██ ███  █  ███ ██         ██
██        ████     █     ████        ██
██     ███ ███     █     ███ ███     ██
██ ████       ████ █  ███       ████ ██
███              █████              ███
   ███             █             ███
      ████         █         ████
          ███      █      ████
             ████  █   ███
                ███████
                  ▀█▀














                  ▄█▄
               █████████
            ███    █    ███
        ████       █       ████
     ███           █           ███
 ████              █              ████
█████             ███             █████
██   ███         █████         ████  ██
██      ███▓    ██ █ ██     ███      ██
██         ██████  █  ██████         ██
██           █████ █ █████           ██
██          ██   █████   ██          ██
██         ██ ███  █  ███ ██         ██
██        ████     █     ████        ██
██     ███ ███     █     ███ ███     ██
██ ████       ████ █  ███       ████ ██
███              █████              ███
   ███             █             ███
      ████         █         ████
          ███      █      ████
             ████  █   ███
                ███████
                  ▀█▀















.
TELEGRAM
FACEBOOK
TWITTER
REDDIT















.
LINKEDIN
INSTAGRAM
GITHUB
BITCOINTALK
Sumo
Hero Member
*****
Offline Offline

Activity: 1101
Merit: 500



View Profile
March 12, 2015, 08:59:37 PM
 #9

Are coin devs supposed to lay out their own money and time for free?
PoS
Full Member
***
Offline Offline

Activity: 217
Merit: 101


If you can be anything, be kind and fair


View Profile
March 12, 2015, 09:02:29 PM
 #10

There is only two ways about either the darkcoin dev is incompetent or set out to scam from the word go.
https://bitcointalk.org/index.php?topic=979682.msg10689484#msg10689484
AdamWhite
Hero Member
*****
Offline Offline

Activity: 607
Merit: 500



View Profile
March 12, 2015, 09:13:17 PM
 #11

Are coin devs supposed to lay out their own money and time for free?

So the correct way to raise funds is instamine 50% of the coin and claim is was due to a bug in KGW ?
Urlioman
Newbie
*
Offline Offline

Activity: 8
Merit: 0


View Profile
March 13, 2015, 01:24:44 PM
 #12

Are coin devs supposed to lay out their own money and time for free?

To steal or not to steal this is the question!
Pages: [1]
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!