What is this about? I didn't read the whole topic on dashtalk yet...
Is that guy a troll?
Smoothie's only trollish sometimes but he definitely has a thing for trolling this thread, the block reward for the first few hours was 500 coins and anyone mining from the start got a lot of coins. The trolls are calling that an "instamine" and claiming Evan made a huge amount of coins from it and smoothie's got behind it for whatever reason but I'd suggest flicking through some of the early pages and having a look for yourself. Releases are chaos and this one was no different, personally I'd be more inclined to think established miners taking advantage of the low difficulty when alts are released did far better out of it.
I'm not really interested in mining anyway, but the issue was that there were too much coins distributed in the beginning?
Was it a big amount? I see on coinmarket cap that currently there are about 5.9 million DASH in existence. I also read somewhere that there would be 22 coins eventually. Are these numbers correct?
so DASH started in january 2014 according to the blockchain (I checked block 1 here: https://chainz.cryptoid.info/dash/block.dws?000007d91d1254d60e2dd1ae580383070a4ddffa4c64c2eeb4a2f9ecc0414343.htm)
So it's (12+9) = 21 months old, that's about 5.9/21 = 0.28 million coins per month.
As long as the number of coins in the first hours isn't more than 0.28 million or so, i'm not really worried. That would be the equavalent of "one fake additional month"... Is there a chart somewhere on the history of the number of dash in circulation?
https://dashdot.io/alpha/?page_id=118
i think there will be between 18 and 22 million in total existence .. once fully mined.
So it was more than 0.28 million? I read that it was 1.9 million in 24h? That seems a lot...
How can we be sure the coins got distributed like the article says?
These coins could be responsible for the downtrend, no?
And "between 18 and 22 million". Do we have an exact figure?
I'm thinking now that maybe it was better to start the network again when Evan discovered the bug. But I guess it's too late now...
Still interested in buying more though, I placed an order for 180 coins (when filled I'll own 200)
I hope these 1.9 million coins won't raise problems for future adoption. The tech is interesting, so maybe we can overcome this problem.