FACT: Evan screwed up the beginning of this coin
FACT: Evan fixed it as soon as he realized what happened (within the first 24 hours)
FACT: Nobody knew the extent of the oops until about a week later when a block explorer was made.
FACT: At that point, nobody wanted to go back and start over again after a week's mining on this coin, and if it had stopped at that point, many people who support this coin so rigorously and have done so much for this coin wouldn't be here today.
FACT: If you don't like what this coin does have to offer, it's your choice, why are you here? Do you think the rest of us don't know the history? It's written out all over the place and easy to research. If you don't like it go away.
FACT: The reduction of coin value to 22 million was something the WHOLE community voted for (I argued against, but lost, too bad) and has NO impact on the number of coins to be created this year, nothing has changed accept a 7% reduction in rewards each year starting in January 2015. This, overwhelmingly was what the community wanted.
FACT: I beg to differ, I'm not so sure a few of you here aren't stupid, short sighted and unwise.
Could you tell me how it was fixed? tl;dr.
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The realization:
DO NOT POST SESC LINKS eduffield informed:
DO NOT POST SESC LINKS Then it needed more tweeking because the rewards dropped drastically:
DO NOT POST SESC LINKS Now comes the block explorer:
DO NOT POST SESC LINKS But after this, nobody mentioned the spilling of coins, that I could tell. I started reading people talking about it around March 22. But when the first realization happened, I don't know exactly, but I went through the posts until early February and there was no mention.
Around March 22, I posted about the "outrageous" accusations, LOL, but they were proved to be correct. I remember earlier, the number of coins were thought to be around 300,000, that was when we were on Cryptsy even. They had them posted as 300,000.
So somebody finally realized what happened well after the fact, as far as I recall. I didn't see it mentioned until March 22. Evan wrote up a history of Darkcoin here:
https://darkcointalk.org/threads/the-birth-of-darkcoin.162/ and maybe we should write one that is researched so that time of events etc... can be accurate. And just put it up somewhere for people to read. You have to remember, hindsight is 20/20. You can accuse people of knowing things from the start, but truth is much less likely so. It's how the world works. Evan was hyper to get his coin out. I could tell he was excited and a bit reckless (read the first 24 hours, they made me giggle at the time, and endeared him to me) After reading his "birth of Darkcoin" I could clearly see, he wrote the code over the weekend (because he's brilliant) then launched it right away because he wanted to get it started and see what would happen. Patience isn't one of Evan's virtues, especially since he didn't take it all that seriously in the beginning. When he saw how other people got excited with his vision and started to fall in line behind him, I believe he realized the seriousness of having people depend on him to make this happen. He has since been quite good at responding to issues more carefully (not perfectly, LOL [remembering the airdrop vote, LOL]) I don't think any of the issues were premeditated. Miners use Linux, they can compile. And he just wanted to see how it would play out.
In the end, you have to decide. Do you think most of those coins have been redistributed over time? Do you think the coin is in a healthy state? and finally, do you think it has properties that make it have worth? Obviously I do. I even think the easy mining in the beginning caused most holders to sell everything off early, and that the coins have a better distribution than would otherwise have occurred because non-miners have been able to purchase coins since the beginning for under a dollar each. Most of the time, under 60 cents each. That's cheap, IMO. The price has been very stable ever since the theft of bitcoin from C-CEX, when the thief used Darkcoin to extract those BTC's out of C-CEX and sold them off at Cryptsy. That was a huge pump (buying at C-CEX) and dump (selling at Cryptsy) and if you look at the whole of our charts, from that low, we steadily climbed and oscillated around the same base line ever since. People here are in it for the long haul because of the developer and the concept.
BTW, I'm a complete newb to cryptos. I started with mining bitcoin after reading about MtGox in the newspaper. Had my antminer no more than a couple of days before my husband saw Xcoin's advert in the announcements section a day or two before it launched. So all my learning has been here and watching what happened out "there" with other altcoins. I tried mining litecoin, lotterycoin, emark, feathercoin, primecoin, probably others. I didn't care for dealing with converting them to dark, so I eventually just stuck with darkcoin due to laziness. And my antminer works away on bitcoin, LOL. So take what I say for what it's worth.
thx bro