Topic: Darkcoin aka DASH - The biggest ongoing SCAM in crypto - page 2. (Read 48692 times)

well, i've already traded all my Bitcoins and ETH for DASH Digital Cash. Ether has infinite coin supply, I do not trust an inflationary cryptocurrency. The Bitcoin network is very slow, many transactions are delayed. On the other hand, the DASH network is the most efficient. yes, the network of masternodes is a great idea

What is Dash?
https://youtu.be/S0oNO3mbBE8

Hard 'n' Fast vs. Deliberate 'n' Slow: How to Reach 'Cryptocurrency 3.0'? | DASH Detailed:
https://youtu.be/C8ye_osAHtE

Masternode Setup, Buying Shares, and 'Interest-Bearing Accounts' of the Future | DASH Detailed:
https://youtu.be/4GRrLiTCq5M

cheers

Dash Instamine Issue Clarification

Due to a number of questions about the so called Dash "instamine issue", the purpose of this document is to provide an official statement from the Dash team about this matter. Our intention is to provide Dash investors and users with information to help them understand the currency history and technical issues at the beginning of the project and draw their own conclusions on the impact.

Facts about the instamine

1- There was no pre-mine in Dash
2- ~1.86MM first 24h, ~2.02MM first 48h according to https://chainz.cryptoid.info/dash/#@inflation
3- That represents approximately 10-15% of the total money supply that will ever be issued
4- This coin issue rate exceeded the published emission schedule by a wide margin

more details here: https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification

2+ million Darkcoin / DASH were instant mined in the first 48 hours 30 hours of launch. (1.5 million in the first 8 hours) Dev tries to make everyone believe it was an accident.

such scam... well done...

Yeah, DASH is a big bubble. Many people will be hurt when it bursts.

Bernie Madoff and others were once very successful scam artists as well

yes evan intentionally launched the coin with a "bug" to get rid of every early miner
yes evan instamint
yes evan misled people....
yes evan withheld information...
yes evan had a gpu miner long before anyone else
yes evan is a fraudster
yes evan lied, ASIC Resistant,.... the max coin amount is 84,000,000......
yes evan was an active buyer not seller to "redistribution" coins


yes evan know very well having more coins will generate more coins with the aid of useless Masternodes no Whitepaper available so no one else know
.....



911 coin
Creation date 2014-01-19 

Dash being a scam or not, the price is really great for early adopters of this project.  Who would of thought Dash prices would rise to over a hundred dollars each. 

It's funny QTUM got no positive in that image yet they were able to collect millions of fund from investors.

At the beginning, Xcoin was nothing than other shitcoin. And for several weeks was distributed because price was really low, as u can see here:

https://i.imgur.com/76djcwb.jpg


Dash Scam is still ongoing...

i heard bad things about dash founder on ethereum classic podcast i forgot the name of that guy who invested so much to support dash

are you here? please join tezos...

here's why

Many don’t care as long as they can earn some money while trading that is  why not many people care about the nature of crypto currencies as long as they earn.

Who cares about DASH or the other anon coins

Time is not on their side for sure

BTU Bitcoin unlimited group is behind the dash pump, they want to fork Bitcoin and push people to Bitcoin unlimited fork to fully control Bitcoin...They used Dash as a trap.....otherwise Dash never could go 10X .... Anyway....the interesting point is Evan Duffield maybe the richest Dash owner and other Dash team members can go to jail because of competing with USD. Just think about it.... Because they are US citizens.... Anyway Dash will fail at the end....
Want to know more about it? watch this video... https://youtu.be/X7kQPS5NL-s?t=44m35s

Many users take difficulty with a few aspects of Dash, starting with the launch. The launch was done incompetently at best and maliciously at worst. Despite Evan saying he would "definitely not" launch the coin the same day, he later launched it a few hours later. Then, there was a "bug" in the code that caused massive coin generation over a short period. When this was pointed out, instead of relaunching the coin, they lowered the future generation and continued.
This is sketchy for multiple reasons. Promising not to launch put other users' guards down, which definitely lowered the number of miners who could take advantage of the block reward in the first few hours. This clearly benefitted those who could have known about this different release "bug", including all the miners and Evan.
To add to the craziness, a while later the block reward structure was changed to support those who already had a large number of coins. The reward to miners was reduced to 45%, the amount to masternodes was set to 45%, and a new community fund was set to 10%. The allocation of the community funds is determined by the masternodes.
This decision ensures that those who hold Dash will continue to get rich from the block reward. Furthermore, they have exclusive voting on where the community fund is allocated, which can be used to sponsor specific items of interest. For instance, it is used to fund the developers. Many people worry that those who benefited from the faulty launch continue to benefit from controlling a large number of masternodes.
People from the Dash community have a few objections to these above statements. They say that coins were pretty cheap shortly after launch, meaning someone is unlikely to be hoarding all the coins. They say that Evan is not running a ponzi because he continues to develop for the project.
Having cheap coins shortly after launch means that someone isn't holding all the coins, that's for sure. But if this whole series of events was orchestrated by a person or a handful of people, they could have held these coins and still have gotten rich. Others who did not know the future plans could be the ones selling for cheap. There is no way of really knowing.
Evan continues to contribute to Dash. Even if he continues to, it doesn't matter if he coordinated the faulty launch. Working for the project doesn't make up for deceiving the community.
Now, there is no hard proof of Evan doing any of this on purpose. It's possible he was just too stupid to notice the faulty coin supply and too lazy to relaunch.

Thanks for share this information, then how could Dash coin increases so fast within days?
When Dash start to rise, many people mentioned how dash was a scam and still. We will see how it will going in few days later or week, if dash could survive or crash.

i remember i quit mining after 12 hours of trying , should know better scam or no scam

Yea who would have known.

When Dash launched it was Xcoin not DarkCoin. It was then renamed DarkCoin then Dash.  Each name change was done to create hype and make it more difficult to find out about the origins of the coin.  How do I know ?  I tried to mine Xcoin on day 1 and I've seen the scam progress and grow to where it is today.  Their entire statement is false... In the first hours there was a network glitch that DID NOT allow other miners to connect and start mining until about 16-20hours after the launch.  All this information is available in the forums but difficult to track down because of the many name changes and the moving of community forums.  The insta mine served to create a majority of master nodes which now generate interest making it mathematically impossible for any new user to compete with the ever gaining interest of the master nodes.  You have read the statement from the DASH team talking about healthy distributions, organic growth, large holders buying from exchanges and Evan being a nice guy isn't Objective.

Best of luck everyone.

DEAD on.

What part of Monero's protocol doesn't transfer tokens to anyone except if they burn electricity do you not comprehend?

If you can't understand the relevance of that distinction to decentralization, then you are not qualified to tell anyone about crypto.

tl;dr is @Spoetnik is more concerned with ego than facts.

He seems to be entirely oblivious to the egregious distinction of decentralization between the two coins he is writing about.

So he is an example of exactly what he complains about: the ignorance of speculators.