Topic: [ANN][DASH] Dash (dash.org) | First Self-Funding Self-Governing Crypto Currency - page 2258. (Read 9723858 times)

Try again. 450K LTC is 0.5% of the the maxcoins (84m) of LTC. The Dash instamine is now (by your calculation) 9% of the maxcoins of Dash  (i.e. 18x as large). That is an enormous difference. (Not to mention that LTC didn't have a bug that created extra coins nor was the money supply cut to increase early miners' shares retroactively.)


It would not only not be safe to say, it wouldn't be correct. At all.

The bullshit you come up with about Bitcoin being "easy to mine" at the beginning is irrelevant and blatantly misleading. It is not the difficulty that is the question for an instamine, it is the rate that coins are created. In fact Bitcoin was mined extra slowly at the very beginning, because the difficulty was too high for a while, not too low.

Also, please comment about the extra coins that were produced in Dash due to a bug where the reward formula was too high (stuck at 500 when it "should" have been much lower). In Bitcoin when a bug created extra coins, the bug was fixed and the chain was rolled back erasing the extra coins. The same thing was done in Dash right? No?

As far as the proposal to change the parameters of Monero, you are missing three things:

1. It was rejected, twice, in large part because the community decided not to create a retroactive instamine. Exactly the opposite happened here.

2. The proposal was to reduce the rate of emission, but there was never a proposal to reduce the money supply, just spread out the same coins over a longer period. Instead you multiplied the early miners' share of the money supply by 4x at a keystroke like some sort of central bank. That was and is obscene.

3. Monero is entirely irrelevant to the question of the Dash instamine and money supply manipulations. You are clearly pathologically obsessed to keep bringing it up on this thread. Or perhaps deluded enough to think that is an effective confusion and obfuscation technique to shift attention from the "problem" (Evan's word) of the first 24 hours here.

I wouldn't even try to make any logic to their issues, coins.  None of it matters.  The ONLY thing that matters is what can DASH do for people who want to use it instead of fiat.  Why use it instead of fiat?  Why switch to DASH and out of fiat currency?  That is all that matters.  What these jerks are jerking off about, and their loud screeching until others bend to their will will eventually crash down because it just doesn't hold water and nobody will care.  I was really getting stressed with the trolling today, and I should have walked away from the machine.  Those jerks must all be American, 'cause they seem to have gone to sleep?  LOL.  I'm going to try not to let them get to me.  Still, I do think we have to do more to publicly discredit this kind of slander.  This smear campaign is going too far.

It doesn't matter.

2.5% of 84m, or 2m coins fast mined in 48hrs, is acceptable, using the Trolleros own logic and acknowledgement.

If the Darkcoin community voted for a change to the maxcoin supply, then the Darkcoin community requested a change.  The original 2.5% of 84m still stands as acceptable.

Actually coins101, I think the problem was because he didn't have his algorithm correct.  I may be remembering incorrectly, but that equation that determines how many coins are rewarded based on hash rate was changed to fix the spewing of coins problem.  Then, when we were trying to woo "investors", we agreed to reduce the number of coins minted over time.  It went from ~80 million coins to ~20 million coins by the insertion in the code of a reduction of 7% per year of coin rewards.  So for the first year, there was no change.  This year, you'll notice, our minimum reward went from 5 coins to 4.65.  And this reduction every year is what is reducing the total possible coins to under 20 million.

Does that help?

The earlier version of this thing:

Block reward is controlled by: 2222222/(((Difficulty+2600)/9)^2) 

The original version was flawed

I have no idea who Diffie is, but I like him, LOL  And what, there is one big trial of drug trafficking connected to Bitcoin, and one poor kid caught in the middle.  So suddenly Bitcoin has an illicit use problem?  It dims to the darkest grey compared to the use of the US dollar and drugs.  I know you all know this, I'm typing it because I'm in a very craptastic mood, LOL.  Our water main just broke, 1 AM and neighbors came pounding on our door, ugh! Hubby just got it shut off, and is off to the store for some drinking water.  And I'm here wishing I had a punching bag.

Still the video was very funny

Let me just have a recap on the Darkcoin launch, as I wasn't there.

* Evan was a noob crypto dev when he started Darkcoin.
* He forked Litecoin and set the original max coin supply as ~84m (the same as Litecoin)
* According the DASH/DRK FAQ, around 2m coins were mined in the first 48hrs until the difficulty re-targeting was fixed.
* If DRK had not changed emissions to ~22m, the initial mine would have been 2m out of 84m, which is 2.5%.
* The DRK max coin change means that 2m coins were mined in the first 48 hrs, which amounts to ~9% of DASH max coins.

* Our Trollero friends seem to accept that LTC spewing out 450k LTC in the first few hours of its launch is an acceptable number


In fact, something less than 2.5% of maxcoins spewing out at launch seems to be an acceptable number.

Well, 2m of 84m of DRKs original maxcoin supply is less than 2.5% - which they say is acceptable.

As Darkcoin was a fork from Litecoin, it is probably safe to say that the original difficulty parameters were the same. Evan apparently didn't know about the difficulty re-targeting in Litecoin, being a noob crypto dev at that point.

Well, the Litecoin code is still there:

Seems to me that if it is acceptable for LTC to have a mass dump of coins in its first few hours, then the code it came with did the same for Darkcoin.

Before we move on, let's remember that Satoshi started the trend of making coins easy to get at the start:


So the issue is not that Darkcoin had a fast initial emission of coins, because at the time 2m of 84m was less than 2.5% and according to our Trolleros, that is within the bounds of acceptability.

The issue is that the max coin supply was changed from 84m to 22m.

Well, lets start with Trollero coin.  I seem to remember that they discussed a change to the Trollero coin emission curve, in the same way that the Darkcoin community discussed a change. In fact, both communities had a vote. Here is Trollero coin vote:


https://bitcointalksearch.org/topic/bmr-bitmonero-emission-curve-change-proposal-585480

Well it seems to me that I remember voting for a change of the Darkcoin coin supply too, just as the Trolleros did:


https://bitcointalksearch.org/topic/m.5824264

So now the original 2.5% of 84m max coins fast mine becomes 9% of 22m DASH, by the community voting for such a change.

So where does that leave the Trolleros?

* Well, it leaves them with a claim that 2m coins of the current supply is ~5m coins is over 35% (9% of maxcoins).
* It also leaves them with a scam mine of their own amounting to a minimum of 2.5% of their own max coin supply, or 13%. But one of the lead 'devs' said the purposefully crippled miners might yield upto upto 12.5% of unfair coin spewage. Well that is 2.2m of max coins, or 30% of current coin supply.

If you add up Trolloros hidden miners, and use their 'dev' figures, you actually get unfair mining spewage of 15%, or 37% of current coin supply.

The Trolleros are very good at changing history to suit their needs.

The trouble is the facts are what matter, and the fact that Monero had a scam launch won't change.

Shamir vs. Diffie on Bitcoin 
https://youtu.be/W9HimLksMkA?list=WL

Evan & Ape ruled it in the early stages I think. Good old days 

Now the "official" pool is ruled by Propulsion and helps to pay the forum maintenance.

http://mining.darkcointalk.org

Please join it!

I think Evan did.  It was the "official pool" but the main pool turned into darkcointalk.org pool, and I think it is now dashtalk.org that has the pool.

who owns (or owned) pool.darkcoin.io?

He is a community agitator

Saul Alinsky's Rules



    “Power is not only what you have, but what the enemy thinks you have.” Power is derived from 2 main sources – money and people. “Have-Nots” must build power from flesh and blood.
    “Never go outside the expertise of your people.” It results in confusion, fear and retreat. Feeling secure adds to the backbone of anyone.
    “Whenever possible, go outside the expertise of the enemy.” Look for ways to increase insecurity, anxiety and uncertainty.
    “Make the enemy live up to its own book of rules.” If the rule is that every letter gets a reply, send 30,000 letters. You can kill them with this because no one can possibly obey all of their own rules.
    “Ridicule is man’s most potent weapon.” There is no defense. It’s irrational. It’s infuriating. It also works as a key pressure point to force the enemy into concessions.
    “A good tactic is one your people enjoy.” They’ll keep doing it without urging and come back to do more. They’re doing their thing, and will even suggest better ones.
    “A tactic that drags on too long becomes a drag.” Don’t become old news.
    “Keep the pressure on. Never let up.” Keep trying new things to keep the opposition off balance. As the opposition masters one approach, hit them from the flank with something new.
    “The threat is usually more terrifying than the thing itself.” Imagination and ego can dream up many more consequences than any activist.
    “If you push a negative hard enough, it will push through and become a positive.” Violence from the other side can win the public to your side because the public sympathizes with the underdog.
    “The price of a successful attack is a constructive alternative.” Never let the enemy score points because you’re caught without a solution to the problem.
    “Pick the target, freeze it, personalize it, and polarize it.” Cut off the support network and isolate the target from sympathy. Go after people and not institutions; people hurt faster than institutions.

Yes, I hope so. Thanks for the RT, and I agree that it is a minor deal if it gets fixed in a timely manner.

Retweeted plus commented that I don't blame them because I guess they got trolled bigtime.  No harm though, it's a big mistake and they made it - pre-mine means some of the mining wasn't decentralized or open to the market, aka prior to the public launch which is false in Dash's case, it' not rocket science...the core team in question i trying now to get CMC to change their definition of 'premine' to include 'instamine' so both Dash and Bytecoin (wtf) can have a single mark to mean "both scams!!!" so Monero can be the only 'anon coin' (they didn't get the memo that 2014 is about *instant* anon coins that actually work / have innovation / development) - CMC need to fix their sh*t, not cool when one well-known troll group get any mileage doing this...premine lol (although i'm pretty sure this will be fixed soon....)

I get what you're saying, but at the time of posting, no mention had been made of anyone doing anything at all. Sometimes you need to let them know you're out there, and you're not going to put up with their BS. If they are not going to do their due diligence and let some obviously biased trolls sway them into labelling a coin falsely, they need to be called out on it. You guys know that's my style. I cut to the chase. Tao being Tao!

Cheers.

Yup. Dash's fortune is not tied to a website like CoinMarketCap, if they are known for showing inaccurate info the markets** will fix that, just like the markets have bubbled Dash to first place after LTC.

**Applies only to coins listed with normal distribution / high volume on major exchanges and not price manipulated by one mall group especially when all traders are reading a single centralized trollbox...

Wealth redistribution... very in-line with the "Orwellian" nature of the group who want to go around the cryptosphere making sure information listed for competitors is "correct" by their standards, trying to delist exchanges with volume they don't like down the memory hole...rushing around BCT trying to control the conversation & what people think to ensure their coin comes out 100% clean whilst using anything they can find to label their competitor as scams, often the same faults they have themselves...and trying to cover it up by constantly banging on about how they 'hate scams'.  exactly the same Orwellian tactics of centralized powers that crypto is supposed to be fighting... the truth is both these group want to control what you think and then take your money ...oh the hypocrisy...

Let them Chirp away... They'll find out  soon enough the rest of the world doesn't care about instamine....that it was the same reason why we as a community voted no to relaunch and or burn the coins.    Currency is not wealth redistribution... It's currency that's it. 

I was thinking...wow look, a sh*tcoin trolled CoinMarketCap and got Dash listed as a pre-mine...Lol

also thinking...looks like the market has opened for a credible coin comparison site...any takers? (now that Trollero have nuked trolled that one into submission...)

Ok. Another 20 Dash has wung its InstantX merry way to Oblox's wallet, including transaction fee for correctly identifying the unique aspect of the Dash network which allows it to persue highly valued bitcoin solutions without compromising existing highly valued properties.

Thanks to Oblox for being so on the ball.

Thanks to all for participating.

Thanks to my 2 masternodes for donating the low hanging fruit which formed tonight's prizes.

Thanks to all thread readers who seem to be invested on intuition rather than knowing why t.f. they're invested. (At least now you know for real   )

Goodnight !!!!

I knew that was it when oblox posted it.  Congrats oblox.

I thought for sure Instantmine to InstantX would come up on the first round.  

Im late lol