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Topic: Darkcoin aka DASH - The biggest ongoing SCAM in crypto - page 7. (Read 48717 times)

legendary
Activity: 3066
Merit: 1188

Oops..look who's up here on stage parading in front of 2000 people with Andreas. One of iCEBREAKER's favourite 'scamcoins'.

I'm starting to think you're a double agent  Wink


legendary
Activity: 2156
Merit: 1072
Crypto is the separation of Power and State.

Dash’s “instamine”.


Dash's instamine is hella shady.

Why wasn't the "bug" that supposedly caused Dash's instamine caught on testnet?  Dash does have a testnet and is open source, right?

Why wasn't the coin relaunched after such a failed fiasco of a first 48 hours?

"Accidently" suddenly mining 10% of the total coins after telling everyone it's OK to go to sleep is too suspicious.

Advertising "No Premine" is a distinction without a difference and misleading snake oil salesmanship.

Technicalities aside, Dash's instamine was, for everyone not named Evan Scamfield, a premine.  We don't need him to come and 'Duff-splain' all about how Dash's instamine is actually a good thing.
legendary
Activity: 3066
Merit: 1188

The problem you folks have isn’t Dash’s “instamine”. It’s this:

Back in the spring of last year, Dash (then Darkcoin) demonstrated that there was some mileage in improving on bitcoin’s anonymity support by doing something about fungibility.

That created a bit of a bandwagon and Cryptonote appeared. Only Cryptonote kind of threw the baby out with the bathwater by adopting the credit model of money (which emobodys a private record keeping paradigm as opposed to an open, anonymous cash paradigm). Not only that, it paid a heavy price for adopting the “wrong” paradigm by completely ditching the bitcoin commercial interface and attempting to re-invent the cryptocurrency wheel from the ground up.

There might have been a case for doing that a couple of years ago when the “battle of the alts” commenced and there was some doubt as to whether bitcoin’s supremacy would be challenged. That case is now well and truly buried and with it the fortunes of ‘credit-money based privacy coins’ such as cryptonote.

Despite a year long campaign of plastering all known avenues on BCT with Monero propaganda, all it has done is loose value apart from the odd margin traded pump. Dash has also lost value but the difference is that it has a future because it did not make the fundamental mistakes in strategic monetary priorities that Monero did.

Dash DID adopt the anonymous cash model instead of the ‘private’ credit model. It DID keep itself compatible and compliant with the Bitcoin eco-system. And it DID establish a mechanism for sustaining the growth in payment processors, mobile solutions and quality independent blockchain services. Because of that it's now in a healthy position to deploy one of the most ambitious roadmaps in the whole crypto sector.

So all that’s left for the types who start threads like this is to chew away at Dash’s launch issues in the hope that it might clear some space for coin who’s monetary shortfalls would hamper its adoption even if it was the only crypto left on the planet.

It’s an embarrassing sight.

Not least because of the damage you do to your own fellow holder’s prospects, most of whom probably represent a silent majority that would rather see something more than a year-late useable wallet, a bloat database and a hate campaign as the reward for their patience.
legendary
Activity: 3066
Merit: 1188

Depends if you think depending on a human point of failure is a flawed security model or not. If you don't, then you deserve the privacy you get.

No it doesn't actually. It depends on what I just posted earlier.
legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
Exactly my idea, selling point is "No Premine" yet won't put the instamine comment or tag anywhere visible.

Where does it even say no premine any more? It was in the thread title in the past but it's been gone for a long time.



If you go back several months the title changed long ago...not sure when.

Oh well not important.

Did a quick check, the "No Premine" was removed 1.5 years ago - why do you consider it to be a "selling point" today?


Too bad it was still there in specifications as of Sept 5 of this year (a month and half ago):

https://web.archive.org/web/20150905225343/https://bitcointalk.org/index.php?topic=421615.0

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud

Masternodes are terrible for privacy

That depends on whether you base your criteria on the cash or credit model of modern money.

You're idea of "privacy" is characterised by the example on the right of the illustration in this commentary. Dash is implementing the one on the left for which masternodes are the perfect solution.


Depends if you think depending on a human point of failure is a flawed security model or not. If you don't, then you deserve the privacy you get.
hero member
Activity: 966
Merit: 1003
Did a quick check, the "No Premine" was removed 1.5 years ago - why do you consider it to be a "selling point" today?

You shouldn't let facts get in the way of good trollin'.
full member
Activity: 197
Merit: 101
Exactly my idea, selling point is "No Premine" yet won't put the instamine comment or tag anywhere visible.

Where does it even say no premine any more? It was in the thread title in the past but it's been gone for a long time.



If you go back several months the title changed long ago...not sure when.

Oh well not important.

Did a quick check, the "No Premine" was removed 1.5 years ago - why do you consider it to be a "selling point" today?






legendary
Activity: 3066
Merit: 1188

Masternodes are terrible for privacy

That depends on whether you base your criteria on the cash or credit model of modern money.

You're idea of "privacy" is characterised by the example on the right of the illustration in this commentary. Dash is implementing the one on the left for which masternodes are the perfect solution.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
Exactly my idea, selling point is "No Premine" yet won't put the instamine comment or tag anywhere visible.

Where does it even say no premine any more? It was in the thread title in the past but it's been gone for a long time.



If you go back several months the title changed long ago...not sure when.

Oh well not important.
legendary
Activity: 2968
Merit: 1198
Exactly my idea, selling point is "No Premine" yet won't put the instamine comment or tag anywhere visible.

Where does it even say no premine any more? It was in the thread title in the past but it's been gone for a long time.

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
so there is literally no point in another new thread.

Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here.

I have no idea why a Dash supporter though that was a good idea.

My bad, only seen it appear now for the first time and saw a low number of pages thus I thought it's new.

Point still stands though, you always see the same well-known XMR community members in these threads, same goes for spamming the DASH thread (I used to read it because I'm interested in the developments). No one else seems to care and that's probably not because they are stupid/dumb/didn't know, but because DASH seems to make progress. After a time it just gets sad to watch.

Then why is someone deleting the numbers from the instamine from the dash wiki everyday--pretty certain that it isn't a Monero supporter deleting it. And why hasn't anyone put the instaminetm logo next to the no preminetm logo if Evan is so proud of his happy accident?

I'll give you a hint: no premine is to lure people who don't want to be scammed, or take part in a disingenuous launch, into a false sense of security. "No premine. That must mean it was fairly launched and doesn't suffer from the usual shenanigans of con artists posing as the next Steve Jobs. Right?" Think again, investor. And by the time you figure it out, you'll be neck deep in Evan's instamined coins.

I fully agree that something along the lines of "there was an accidental instamine in the first X hours with X coins because of an error in the code", but my point still stands, it's generally the XMR community bashing DASH in several (tons) of threads including DASH's own and some of the comments can be easily categorized as spam or insulting. Some of their ideas may be flawed and the codebase of Bitcoin imho isn't modern anymore after several years, but I doubt they do it to dump on newcomers, atleast it doesn't seem like it (for me).

Also as it seems one of the most frequent visitor of the DASH thread iCEBREAKER was involved heavily in the HashFast scam. I don't remember him being so open minded vs scams while he was working there.

PS. I don't own a single DASH and probably won't in the future.

That's fair. My main problem with dash is the false advertising. Masternodes are terrible for privacy and no one should be advertising a coin that uses them as anonymous or private. And the no premine when their is an undisputed instamine is misleading and playing fast and loose with semantics.

If those two points were that point was removed from the dash media, I wouldn't bother pissing on their parade of false information. I'm guessing I'm not alone in this mindset.

*Thanks to Smooth pointing out that dash media finally has removed "no premine" from its media. 
legendary
Activity: 1498
Merit: 1001
180 BPM
so there is literally no point in another new thread.

Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here.

I have no idea why a Dash supporter though that was a good idea.

My bad, only seen it appear now for the first time and saw a low number of pages thus I thought it's new.

Point still stands though, you always see the same well-known XMR community members in these threads, same goes for spamming the DASH thread (I used to read it because I'm interested in the developments). No one else seems to care and that's probably not because they are stupid/dumb/didn't know, but because DASH seems to make progress. After a time it just gets sad to watch.

Then why is someone deleting the numbers from the instamine from the dash wiki everyday--pretty certain that it isn't a Monero supporter deleting it. And why hasn't anyone put the instaminetm logo next to the no preminetm logo if Evan is so proud of his happy accident?

I'll give you a hint: no premine is to lure people who don't want to be scammed, or take part in a disingenuous launch, into a false sense of security. "No premine. That must mean it was fairly launched and doesn't suffer from the usual shenanigans of con artists posing as the next Steve Jobs. Right?" Think again, investor. And by the time you figure it out, you'll be neck deep in Evan's instamined coins.

I fully agree that something along the lines of "there was an accidental instamine in the first X hours with X coins because of an error in the code", but my point still stands, it's generally the XMR community bashing DASH in several (tons) of threads including DASH's own and some of the comments can be easily categorized as spam or insulting. Some of their ideas may be flawed and the codebase of Bitcoin imho isn't modern anymore after several years, but I doubt they do it to dump on newcomers, atleast it doesn't seem like it (for me).

Also as it seems one of the most frequent visitor of the DASH thread iCEBREAKER was involved heavily in the HashFast scam. I don't remember him being so open minded vs scams while he was working there.

PS. I don't own a single DASH and probably won't in the future.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
so there is literally no point in another new thread.

Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here.

I have no idea why a Dash supporter though that was a good idea.

My bad, only seen it appear now for the first time and saw a low number of pages thus I thought it's new.

Point still stands though, you always see the same well-known XMR community members in these threads, same goes for spamming the DASH thread (I used to read it because I'm interested in the developments). No one else seems to care and that's probably not because they are stupid/dumb/didn't know, but because DASH seems to make progress. After a time it just gets sad to watch.

Then why is someone deleting the numbers from the instamine from the dash wiki everyday--pretty certain that it isn't a Monero supporter deleting it. And why hasn't anyone put the instaminetm logo next to the no preminetm logo if Evan is so proud of his happy accident?

I'll give you a hint: no premine is to lure people who don't want to be scammed, or take part in a disingenuous launch, into a false sense of security. "No premine. That must mean it was fairly launched and doesn't suffer from the usual shenanigans of con artists posing as the next Steve Jobs. Right?" Think again, investor. And by the time you figure it out, you'll be neck deep in Evan's instamined coins.

Exactly my idea, selling point is "No Premine" yet won't put the instamine comment or tag anywhere visible.

But evan says "I take full responsibility for the instamine"....yet does nothing to back up his statement.

Empty words from a snake oil salesman. Not surprising.
legendary
Activity: 3066
Merit: 1188

Wow. And they say the Dash thread is a circle jerk ? When your own coin's going down the toilet it sure does wonders for camaraderie.

Don't stop chewing on that "instamine" bone. Need to keep those teeth sharp for when the meat course arrives  Wink



legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
so there is literally no point in another new thread.

Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here.

I have no idea why a Dash supporter though that was a good idea.

My bad, only seen it appear now for the first time and saw a low number of pages thus I thought it's new.

Point still stands though, you always see the same well-known XMR community members in these threads, same goes for spamming the DASH thread (I used to read it because I'm interested in the developments). No one else seems to care and that's probably not because they are stupid/dumb/didn't know, but because DASH seems to make progress. After a time it just gets sad to watch.

Then why is someone deleting the numbers from the instamine from the dash wiki everyday--pretty certain that it isn't a Monero supporter deleting it. And why hasn't anyone put the instaminetm logo next to the no preminetm logo if Evan is so proud of his happy accident?

I'll give you a hint: no premine is to lure people who don't want to be scammed, or take part in a disingenuous launch, into a false sense of security. "No premine. That must mean it was fairly launched and doesn't suffer from the usual shenanigans of con artists posing as the next Steve Jobs. Right?" Think again, investor. And by the time you figure it out, you'll be neck deep in Evan's instamined coins.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
legendary
Activity: 2968
Merit: 1198
Chaincoin                       11 hash (Blake, BMW, Grøstl, JH, Keccak, Skein, Luffa, Cubehash, SHAvite, SIMD, Echo)
XCoin (Darkcoin, Dash) 11 hash (Blake, BMW, Grøstl, Skein, JH, Keccak, Luffa, Cubehash, SHAvite, SIMD, Echo)

So the 'inventor' of X11 changed the position of one hash function in the chain?

I knew it was hyped but I had no idea it was so overly hyped.

hero member
Activity: 714
Merit: 504
so there is literally no point in another new thread.

Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here.

I have no idea why a Dash supporter though that was a good idea.

My bad, only seen it appear now for the first time and saw a low number of pages thus I thought it's new.

Point still stands though, you always see the same well-known XMR community members in these threads, same goes for spamming the DASH thread (I used to read it because I'm interested in the developments). No one else seems to care and that's probably not because they are stupid/dumb/didn't know, but because DASH seems to make progress. After a time it just gets sad to watch.

This is largely the problem right here. You say you don't have an opinion on Dash's strengths/weaknesses. You say you don't have an opinion on XMR's strengths/weaknesses. You say that Dash seems to make progress.

Kind of a mixed bag of contradictory perspectives and uncertainties there.

This is the reason why people get annoyed with Dash. You can't wave the flag of ignorance and then exclaim that the world is conspiring against you hatefully.

True, the stigma of the Dash community being intellectually challenged is somewhat unfair, and I can sympathise that a lot of Dash holders are simply below their break-even point and thus have no choice but to try to defend their actions and that of the coin's technology. I get that.

I've also heard it said that Dash is kind of like North Korea in the sense that the technology is crap, the concept is deeply flawed, is socially something of a ghost town, waves a disingenuous flag in the name of revolution and progress, while the ignorant skeleton community panders to the self-serving egoistic appetite of thy great leader. Again while that may all be 100% true, it is obviously unfair to those who have demonstrably reached a point of stupidity that far extends beyond any acceptable point of justifiable humiliation.

In truth, and as has been stated many times before, it is always, always, always, the right thing to do to point out when something is very shit. And indeed, Dash is very very very shit.

If it wasn't shit, we'd all be waving the Dash flag together. Simple as that.
legendary
Activity: 2492
Merit: 1491
LEALANA Bitcoin Grim Reaper
so there is literally no point in another new thread.

Actually this is not another new thread, it is an old one. Looks like a Dash supporter bumped it here.

I have no idea why a Dash supporter though that was a good idea.

My bad, only seen it appear now for the first time and saw a low number of pages thus I thought it's new.

Point still stands though, you always see the same well-known XMR community members in these threads, same goes for spamming the DASH thread (I used to read it because I'm interested in the developments). No one else seems to care and that's probably not because they are stupid/dumb/didn't know, but because DASH seems to make progress. After a time it just gets sad to watch.

Just because the discussion appears to you as going in circles does not mean that it is for others or "everyone".

When I post, I try my best not to spam. If I repost something I do it in very specific occurrences where I believe it is relevant.

Spamming VS. discussing a specific topic with many different users is not one in the same.
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