Topic: [ANN] DERO: DAG + Cryptonote + Bulletproofs + SSL + POW + Smart Contracts - page 28. (Read 123292 times)

I do not disagree, but there is also a more subtle and insidious effect that a sizeable premine cannot help but have: it centralizes control of the network under the premine holder, for as long as it exists.

The community puts their money into a project, so what happens if/when the original developer goes off the rails? If the source is open, the community can wrest control of the network by forking. However, say that 20% of existing coins are currently held in premine; in this case, the community cannot take over without massively rewarding the very developer from whom they wish to take control, while at the same time, taking a hit (in terms of value) themselves.

As such, projects which have sizeable premines, and/or closed code, can hardly be called decentralized.

I think people are not seeing another big issue with an unlocked premine of this size, and it's simple market manipulation.

Dero reached a rather sizable ATH back in January before the market took a dump. A premine of this size would allow for massive sell opportunities, only to buy in again at the bottom. The same can be said as of now, with Dero at 30% of the price it was a month or two ago.

These "untouched" premine totals can be completely fabricated, since the dev can play with this stack on the market, force a massive dump, then buy back enough dero with a 70% discount to keep the same amount of premine, except with rather substantial gains made along the way.

I do not claim the premine has been dumped; it could have been, over a long period of time, but that would be speculation. What I am saying is that it was never locked as stated in this ANN thread, and that posting screenshots about it is proof of nothing. It is only by faith that people believe it to be intact.

But we can't see when premine deposite to market

Until you stop calling this proof, I am going to post saying that it is not.

Why would captain use a view wallet?

Not that it would prove anything if he used a full wallet either, since a screenshot can be faked, or 2m new dero minted from thin air by the closed-source software.

But it is nevertheless laughable that he did use a view wallet.

And the first ANN post still lies about the premine being locked.

I already posted several times... don't you ever read?

some ppl is looking for u mojo.... what did u do?

you uesd to run a discord dero tip bot, and some community members deposit dero to that bot.
Now the bot is taken offline by you, what about return the fund to members?

viewkey wallet only count for income, captain send all premine back to the same address to prove the premine is intact, which makes it looks like 4m while it's actually 2m.
total supply doesn't include premine.

Fact #1: Many of cryptonote anti-ASIC coins are actually immune to 51% attack.
Fact#2: Most of the 51% attack were triggered only after the ASIC is widely available. Most attacks were triggered by ASIC devices.
Fact#3: Customizing CN algo is way easier than modifying ASIC. Therefore it is easy to stay ASIC resistant for CN based coin.

Premine
Unlocked balance : 4000445.057107091918
Total balance    : 4000445.057107091918

TOTAL SUPPLY 3 063 927


 

No, the reason given for sticking with ASIC'ed CryptoNight was to prevent hidden mining via private FPGAs or the like. The DAG implementation in DERO is supposed to prevent double-spend, timewarp and 51% attacks, IIUC.

Please out him now if you feel bad for innocent people losing their funds.

No...  I am asking because the captain claimed the reason he went with asics was to prevent 51% attacks... So please explain.

Please read before making baseless accusations, I also announced on Electromine discord




Edit: If you are used to hanging out with thieves, don't assume everyone is

Edit 2: Yes, it's working on Atlantis, but you will have to create your own wallet and start anew

dero is slowly recovering. keep up the good work 

You know opinion are like asshole, everyone have one.

But one thing, who the fuck are you ?

Well seeing the whitepaper of his own coin : http://monkeytips.top/docs/monkeytips-whitepaper.pdf 

Wew lads.  What a shitshow.  While I'll give serena and mojo credit for being the absolutely worst "community managers" ever since mojo banned me twice for absolutely no reason whatsoever.  The fact that mojo is a petulant child and cannot take any criticism also reflects poorly on captain dumbass's judgement and reasoning skills.  That's right mojo :middle_finger:  Enjoy being poor.  And serena, well now here's someone who has ZERO understanding of any blockchain technology.  And her sudden apology tour was 100% lulz when she knew her days were numbered.  I didn't buy her BS for a second.  Both of you, please, leave crypto.  You're both pathetic and should be working at McDonalds.

Then we have kryptoid (aka MrPoopyButthole) known serial scammer.  Captain dumbass once again does a bang up job picking his community managers.  Another idiot herding the bagholding sheep.  But maybe he's involved now because there is something more nefarious going on.

Everyone wonders why the code hasn't been released.  Also the idiots who think having the view key shows the premine is intact.  You believers are the highest order of idiot and should immediately well, nevermind.  I've never had dero, and honestly never will.  Dont' really care if it moons or goes to zero.  I do however feel bad when innocent people lose their funds or get dumped on by shady devs.  I don't really care about the people blowing their horn about how much they love this project, or will hold forever, those people cannot be expected to ever have an independent coherent thought.  Still no code released.  Just binaries.  Sure people, trust these "anonymous" devs.  They would never put anything malicious in the binaries, or they're not running on a central database somewhere to hold up their shoddy network.  And speaking of anonymous dev, captain dipshit isn't so anonymous.  I decided to dox him for the lulz and was actually amazed that he's been able to keep up the facade for as long as he has so far.  Take this as fud or curse my words, but this guy has dumped bags on people before and he will do it again.  I'll give him two days to come clean, or dump what's left of his premine before I out him.  The rest of you can DYOR but I assure you that rats will be jumping from the sinking ship.

Are you trolling ? 

BlockChain, BlockDAG 

You need asics for this?