What is this all about?
people arguing about darkcoin on coindesk!!!!
It's a non-factual claim. None were premined -- that's 0.00%. It was a fair launch and like many cryptos, early adopters enjoyed lower mining difficulty. The amount mined in the first 24h is about 2% the 84M max. I honestly wish people could let the coins compete on the quality of their features & implementations rather than manufacturing FUD.
The ONLY thing about DRK that prevents much higher prices is due to what you just said.
Current coin supply is less than 4 million DRK. 2% of 84 million is...
1.6 million, so in the first week probably 80% of the DRK was mined
No premine, but certainly a small number of people have this 80%
I have no problems with people that were smart enough and lucky enough to have mined the first 80%. Just dont keep promoting it as no-premine. It is technically true, but from a practical standpoint misleading and is an attack vector for credible complaints.
So a small number of people now have $2 million USD worth of DRK and they continue to cash out. Based on total volumes traded, there is still a long ways to go before even $1 million of that is sold.
James
I don't think this distraction should get in the way of darksend release schedules. However, it needs to be dealt with by being upfront with the coins that were mined. It can, for instance, be put into bitcoin context:
https://bitcointalksearch.org/topic/m.4779800Today I have made the new distribution analysis.
- The number of blockchain addresses with a balance of BTC0.001+ was 1,026,000. This is a 71% increase from the last calculation 2 mth ago.
- Number of MyWallets and even the Mt.Gox userbase also showed similar increase.
- The exponential trend of bitcoin adoption would show a 53% increase over 2 months so these figures seem realistic.
- Due to the shortage of people helping me, I was unable to effectively calculate the other metrics.
- I estimated that the number of bitcoin users has just reached 2 million users milestone (+66% from 2 months).
- There is no evidence of significant holders increasing or reducing their position, or of new such holders emerging, so that was left quite intact.
- Number of bitcoins increased by 250,000.
- Bitcoin exchange rate dropped by -20%.
- Other holdings were fit to the distribution model, which results in the following distribution:
27. Jan 2014
| #People | #Bitcoins | #TotalBitcoins |
| 46 | BTC10k+ | 3.6M |
| 820 | BTC1k-10k | 2.4M |
| 10k | BTC100-1k | 2.8M |
| 68k | BTC10-100 | 2.0M |
| 250k | BTC1-10 | 0.8M |
| 550k | BTC0.1-1 | 0.2M |
| 690k | BTC0.01-0.1 | 0.0M |
| 430k | BTC0.001-0.01 | 0.0M |
Total:
11.8M bitcoins (0.5M bitcoins assumed lost)
EDIT: This thread is very relevant also
https://bitcointalksearch.org/topic/i-dont-want-to-make-early-adopters-rich-517759
