A question about the release of Darkcoin/Dashcoin - page 4.

generalizethis

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Facts are more efficient than fud

Quote from: entertheabyss on December 30, 2015, 01:02:32 PM

Quote from: generalizethis on December 30, 2015, 11:24:12 AM

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

I doubt it will ever get that far, but if it did, Wall Street media would have a field day grilling him on the instamine and the early launch.

Wallstreet is on board with any and all shady premine shit, just look at ripple

Not sure Wall Street would consider it the same: a silicon valley production that is open and upfront about their premine versus some alt dev from Arizona with a shady beginning that he claims was an accident (at least the part he talks about).

Ripple has never tried to spin or skew what it is from Wall Street (despite the crypto community's dislike for what it is).

toknormal

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Quote from: entertheabyss on December 30, 2015, 01:02:32 PM

x/dark/dash was never about privacy or instant transactions or distributed consensus

Oh really ?

I've been following this project for almost a year and a half now and as far as I can see that's ALL it's about. The dev team to little else than pursue those precise technical objectives to the exclusion of almost all other priorities.

Maybe you just haven't noticed.

smooth

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Quote from: tokeweed on December 30, 2015, 06:29:30 AM

^ What's with the supply reduction? And how can they do that in the middle of the game? That's not good if you're trying to set up a 'currency'. I mean... wtf dude?

They just moved the decimal in how the amounts are displayed. It didn't really change anything in the underlying system.

EDIT: I'm pretty sure the original "supply reduction" question was about dashcoin supply reduction, but it does apply to Darkcoin/Dash as well. The two reductions were quite different though.

entertheabyss

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Quote from: generalizethis on December 30, 2015, 11:24:12 AM

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

I doubt it will ever get that far, but if it did, Wall Street media would have a field day grilling him on the instamine and the early launch.

Wallstreet is on board with any and all shady premine shit, just look at ripple. Its a nice thought though, wallstreet as a bastion of honest companies and hard working financial institutions with the interest of the common man at heart.

Intresting note, before Even started workong xcoin aka darkcoin aka dash, he was a stock broker.

Quote

Soon after that the 2008 crisis started and I had money in the markets. I became really interested in economics and ended up getting my series 65 license and starting a financial firm to sell my trading signals and manage money.

https://medium.com/@simon/the-bright-side-of-darkcoin-a923facddc3c
http://www.investopedia.com/professionals/series65/

x/dark/dash was never about privacy or instant transactions or distributed consensus, it was and continues to be about the bottom line, expect the dash team to do whatever is trendy and hip in the altcoin scene as they suck their way to the top of the foodchain

Days

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May I add that you should ask questions you're self like I did when I invested into alt coins and to me Dash answers were very clear and the work been done in it is just crazy, Dash is getting big and noticed by all these BTC + crypto websites unlike any other coins because Dash team really works hard and the development is open for everyone to see.

Also notice people who attack it don't mention you the innovation DASH has brought to us and will never do so don't believe forum people as I did this mistake trading BTC in 2014 -,-.

generalizethis

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Activity: 1750

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Facts are more efficient than fud

Quote from: Minotaur26 on December 30, 2015, 11:43:56 AM

Quote from: adhitthana on December 30, 2015, 11:41:12 AM

Quote from: Minotaur26 on December 30, 2015, 11:33:00 AM

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

If you are trying to think this through, maybe it would help to actually read his account of events here:

https://dashdot.io/alpha/?page_id=118

Unfortunately that article doesn't deal with my questions.
That article just seems to be rather unsophisticated and amateurish promotional piece.

If that does not please you, maybe the more sophisticated thing to do is wait a few years and see what happens.

I agree.

If you are planning on making an investment and those who represent the investment can't answer your questions directly and in a meaningful way, you should wait until the murk has cleared and you can ascertain whether the investment is on the up and up. That's what a sophisticated investor would do.

Now a noob on the other hand will give himself over to fear of missing out and invest too much, too quickly, and hope others will bail him out once the buyer's remorse sets in.

tokeweed

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Life, Love and Laughter...

Lol. Now that's a way to end an argument...

Minotaur26

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Quote from: adhitthana on December 30, 2015, 11:41:12 AM

Quote from: Minotaur26 on December 30, 2015, 11:33:00 AM

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

If you are trying to think this through, maybe it would help to actually read his account of events here:

https://dashdot.io/alpha/?page_id=118

Unfortunately that article doesn't deal with my questions.
That article just seems to be rather unsophisticated and amateurish promotional piece.

If that does not please you, maybe the more sophisticated thing to do is wait a few years and see what happens.

adhitthana

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Quote from: Minotaur26 on December 30, 2015, 11:33:00 AM

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

If you are trying to think this through, maybe it would help to actually read his account of events here:

https://dashdot.io/alpha/?page_id=118

Unfortunately that article doesn't deal with my questions.
That article just seems to be rather unsophisticated and amateurish promotional piece.

Minotaur26

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Activity: 1092

Merit: 1000

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

If you are trying to think this through, maybe it would help to actually read his account of events here:

https://dashdot.io/alpha/?page_id=118

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: adhitthana on December 30, 2015, 11:11:48 AM

Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

I doubt it will ever get that far, but if it did, Wall Street media would have a field day grilling him on the instamine and the early launch.

adhitthana

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Quote from: generalizethis on December 30, 2015, 10:46:16 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

I'm just trying to think through what might happen if Dash ever tried to become well known or widely used. I imagine if it ever started to become widely used Evan would have to explain what went on

illodin

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Quote from: CjMapope on December 30, 2015, 10:52:28 AM

And on the subject of evan's intentions let it be known it was found that he was recruiting for the project when it began on the premise of "making a for-profit cryptocurrency" specifically. he planned on dash making him rich, and it did.

Yeah it would've been a whole lot better if the plan was to lose money and make him poor.

CjMapope

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~Full-Time Minter since 2016~

And on the subject of evan's intentions let it be known it was found that he was recruiting for the project when it began on the premise of "making a for-profit cryptocurrency" specifically. he planned on dash making him rich, and it did.

generalizethis

legendary

Activity: 1750

Merit: 1036

Facts are more efficient than fud

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Yes, this is correct.

And no, he never explained the early launch.

illodin

hero member

Activity: 966

Merit: 1003

Quote from: arielbit on December 30, 2015, 09:48:29 AM

ninja mined coins are not in circulation (in masternodes) and there was a supply reduction.... of course it will increase in price due to lack of supply Tongue

plus POS masternodes encourages locking coins because you earn interest...less coins in circulation, the rule of "supply and demand" follows.

Yes, Dash has a track record of making development decisions that make the coins people own more valuable.

When the next such development happens, I guess people who don't own any will moan about that too?

ridery99

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What you want to know? It's dead. Shitcoin

arielbit

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Quote from: Minotaur26 on December 30, 2015, 09:14:22 AM

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

I am a bit skeptical of Dash, but I've been wrong before and I could be wrong about Dash. So, I have a question.
IIUC when Darkcoin/Dash was first released Evan Duffield told people that mining would start at a certain time. However (and again this is my understanding and I could be wrong), Evan then went and issued it early with the result that miners who had believed it would be released as he had said missed the early mining stage when many (?) coins were released/mined.

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

Sugar Coating Article

https://dashdot.io/alpha/?page_id=118

...and DASH price increases

ninja mined coins are not in circulation (in masternodes) and there was a supply reduction.... of course it will increase in price due to lack of supply Tongue

plus POS masternodes encourages locking coins because you earn interest...less coins in circulation, the rule of "supply and demand" follows.

Minotaur26

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Activity: 1092

Merit: 1000

Quote from: adhitthana on December 30, 2015, 03:54:55 AM

I am a bit skeptical of Dash, but I've been wrong before and I could be wrong about Dash. So, I have a question.
IIUC when Darkcoin/Dash was first released Evan Duffield told people that mining would start at a certain time. However (and again this is my understanding and I could be wrong), Evan then went and issued it early with the result that miners who had believed it would be released as he had said missed the early mining stage when many (?) coins were released/mined.

Is this correct, or have I been misled?

If it is correct , did Evan Duffield ever explain why, the release time was moved?

You have been misled, if you are interested in knowing more about the launch issues be sure to read this article:

https://dashdot.io/alpha/?page_id=118

About all this discussion of the specific parameters that are required to be "crypto kosher" like if a crypto curreny project needs to follow a certain dogma, all I can say is reality trumps any preexisting ideas of what some people think a coin should be or how it should be managed. Dash is intentionally disruptive and innovative. The goal is to produce a sustainable model for managing and growing a crypto currency and producing added value features for end users with a model that scales.

Historical snapshots from coinmarketcap are actually a great way to see reality. People were criticizing Dash just the same a year ago, but lets see what were the results of 2015.

This is a coinmarketcap.com snapshot of January 4th 2015

This is a coinmarketcap.com snapshot December 30th 2015

That is the reality of things, Dash is the result of the effort of many volunteers and as a movement it will continue to grow and bring a new perspective to crypto.

Happy new year and the best for the coming year to everyone.

arielbit

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the ninja mined coins are placed in masternodes.

masternodes competes with gpu and cpu miners.

ninja mined coins in masternodes POS are the "mining farms of DASH"

Topic: A question about the release of Darkcoin/Dashcoin - page 4. (Read 4039 times)