Darkcoin aka DASH - The biggest ongoing SCAM in crypto - page 8.

traumschiff

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Quote from: smooth on October 12, 2015, 03:24:55 AM

Quote from: traumschiff on October 12, 2015, 03:04:08 AM

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.

smooth

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Quote from: traumschiff on October 12, 2015, 03:04:08 AM

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.

smooth

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Quote from: smoothie on October 11, 2015, 10:31:34 PM

this deserves to be reposted here:

As does this follow up:

Quote from: smooth on October 12, 2015, 03:07:12 AM

Quote from: moocowmoo on October 11, 2015, 11:00:49 PM

Considering xcoins max block subsidy was 500 and litecoins was 50 that makes sense.

The difficulty algorithm "int64 nSubsidy = (1111 / (pow((dDiff+1),2)))" would have clamped that down but the difficulty didn't raise fast enough (see point #1) to restrict total minting to more reasonable levels.

These are the facts. Code doesn't lie.

What you are missing is that:

1. Xcoin was specified to adjust difficulty every 60 minutes (12 5-minute blocks), and barring any other issue this would have slowed down mining reasonably quickly, as you said.

2. However, without explanation, the code that was actually released adjusted difficulty only once every 576 blocks, 48 times more slowly.

3. Xcoin also had a "bug" that greatly increased the amount of coins per block. It should have started at 100, not 500, and once the difficulty started to increase, it should have dropped lower still, not stayed at 500. This was not fixed until block 4500.

4. Subsequent supply cuts reduced the per-block reward to the current 3, which is <1/166 of the reward in most of the first 4500 blocks. By contrast LTC only recently reduced its per-block reward to 1/2 of the reward in the initial blocks.

These are the main reasons that the instamine ended up being so enormous, especially relative to the current supply, not the normal ramp up of difficulty that causes a very small instamine in most normal cases.

Quote from: TimFChavez on January 19, 2014, 11:00:54 AM

Quote from: xibeijan on January 19, 2014, 10:55:17 AM

Quote from: kaene on January 19, 2014, 10:39:30 AM

Is it me or difficulty is stuck at 1.00 for the last 2 hours? The network is around 100Mh/s, and we are solving blocks faster than every 5 minutes, shouldn't diff be higher?

I notice this too. Why isn't diff increasing?

- 5 minute block target
- 6 Confirms per transaction
- Difficulty re-targets every 60 minutes
- Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))

Quote from: TimFChavez on January 19, 2014, 03:02:39 PM

Block reward controlled by moores law ( 1111 / (diff+1 ^ 2))

( 1111 / (0.005+1 ^ 2)) = 92.54477301

( 1111 / (1.00001+1 ^ 2)) = 85.46147272

( 1111 / (3.44635085+1 ^ 2)) = 71.92637347

( 1111 / (5.44+1 ^ 2)) = 63.70412844

The block rewards should have start close to 100 coins per block and should have gotten smaller each time the difficulty goes up and the reward should increase as the difficulty goes down.

Quote from: badman74 on January 19, 2014, 02:36:34 PM

Quote from: phm on January 19, 2014, 02:08:20 PM

Difficulty just changed to 3.44635085, block reward is now: 1111 / (1 + 3.44635085)^2 = 56.1961549627. I guess there is little point in solo mining now.

If the block reward was supposed to be 56.1961549627, why is it showing 500 in both mining pools.....

Quote from: eduffield on January 19, 2014, 04:27:33 PM

Quote from: phm on January 19, 2014, 04:24:07 PM

I confirm that block reward with current difficulty is again 500, this is weird.

Everyone using the linux based version please update your source from GitHub! I fixed the code that is causing the strange block rewards and it goes active at block 4500! If you do not upgrade you'll be left behind!

Just update from GitHub here: https://github.com/evan82/xcoin

smoothie

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Quote from: traumschiff on October 12, 2015, 03:04:08 AM

I have no opinions on DASH or their faults/mistakes and no opinions on XMR's potential faults or mistakes, but it is kind of sad to see another XMR supporter open the 22nd DASH hate thread while they also post frequently in DASH's own thread and being followed up by the well-known part of the XMR's community. DASH seems to be releasing features and being developed constantly, doesn't matter what your opinion is on their features or if they seem useful for you as an individual. I doubt that the aim of this is to dump on new investors, thus the hating has no efficiency other than to make your community and the whole forum/scene less appealing as an investment.

Everyone knows about the instamine already, eduff admitted to it in one of the threads not long ago if I recall correctly and there is rarely new money/inflow on this forum and scene (no new coins released, low volumes etc.) so there is literally no point in another new thread.

So exposing possible fraud is hate and inefficient and less appealing?

Sorry but if I used your thinking back when solidcoin was doing its "thing" of "developing" and "innovating" many people would have lost a lot of money.

Sorry, but I disagree with you.

Let's leave the absolute statements at the door that "everyone" knows about the instamine.

New users come to this forum everyday and thus your preposition is flawed as everyone will not know unless the entire planet knows.

Evan admitted the instamine was a "feature" and that he takes full responsibility but when I called him out on holding himself responsible he ignored it. Nowhere does dash have "instamine" advertised on their thread, forum, website.

It is swept under the rug and is a topic that is avoided daily as much as possible to make Dash appear to be legit.

traumschiff

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I have no opinions on DASH or their faults/mistakes and no opinions on XMR's potential faults or mistakes, but it is kind of sad to see another XMR supporter open the 22nd DASH hate thread while they also post frequently in DASH's own thread and being followed up by the well-known part of the XMR's community. DASH seems to be releasing features and being developed constantly, doesn't matter what your opinion is on their features or if they seem useful for you as an individual. I doubt that the aim of this is to dump on new investors, thus the hating has no efficiency other than to make your community and the whole forum/scene less appealing as an investment.

Everyone knows about the instamine already, eduff admitted to it in one of the threads not long ago if I recall correctly and there is rarely new money/inflow on this forum and scene (no new coins released, low volumes etc.) so there is literally no point in another new thread.

smoothie

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Quote from: generalizethis on October 11, 2015, 10:35:49 PM

They are so scared of people finding out the truth that they keep deleting this from their wiki page, "The instamine was ~500,000 in first hour, ~1,500,000 in first 8 hours. http://dashdot.io/alpha/wp-content/uploads/2015/05/image18.png"

But no one cares about the instamine Roll Eyes

I find it funny that if it is a "feature" as Evan likes to sell/spin it as, why not plaster "DASH is INSTAMINED" all over their thread and website/forum?

Them deleting that just says that some of them realize they dont want people to know about the instamine.

Evan should be wearing a shirt that says "Yes bitch, I instamined dash like a mofo and I am proud of it"

generalizethis

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Facts are more efficient than fud

They are so scared of people finding out the truth that they keep deleting this from their wiki page, "The instamine was ~500,000 in first hour, ~1,500,000 in first 8 hours. http://dashdot.io/alpha/wp-content/uploads/2015/05/image18.png"

But no one cares about the instamine Roll Eyes

smoothie

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this deserves to be reposted here:

Quote from: moocowmoo on October 11, 2015, 07:23:44 PM

Regarding XCoin/DarkCoin/Dash's "instamine":

The plain and simple fact is that big hash on a new coin always causes trouble when the difficulty adjustment only occurs over very large block intervals and when that difficulty adjustment has a limited maximum multiplier per interval.

Litecoins launch had similar difficulty readjustment issues with similar minting results.

There is no scam here, only inherited bad models.

Wrong. Here is the math below for a apples to apples comparison of mintage vs time:

Litecoin current supply - 42,681,260 LTC

In the first 24 hours 504,650 LTC were mined
Block #10092 2011-10-14 03:08:59
LINK: http://explorer.litecoin.net/chain/Litecoin?hi=12095&count=2016
block link: http://explorer.litecoin.net/block/fca5b3100fe457c1642c914c45214b4860aacd265d8bfd1e4af0004fd89a9032

After 1 year 9 months later - 19,398,754 LTC were mined
block #387,985
DATE & TIME - 2013-07-13 12:53:54
link: http://explorer.litecoin.net/chain/Litecoin?hi=390000&count=2016

504,650 / 19,398,754 = 0.02601455742982 OR 2.6% of supply

block link: http://explorer.litecoin.net/block/37c6b847bd3d433247cff941ed874786487715ff4fff9c2977bf273d1c967965

Dash current supply - 5,882,880 (~1 year 9 months)

1,625,000 DASH was mined in first 8 hours

1,625,000 DASH / 5,822,880 = 0.27622525021758 OR 27.62% of supply

link: http://www.devtome.com/doku.php?id=a_massive_investigation_of_instamines_and_fastmines_for_the_top_alt_coins#monero

Quote

Darkcoin
   ▪   derived from Quark
   ▪   type of algorithm: blake, bmw, groestl, keccak, jh, stein
   ▪   PoW and PoS
The following data and time stamps were collected from the Darkcoin blockchain 37).
   ▪   Block 1: 2014-01-19 Time: 3:54:41
   ▪   Block 1000 : 2014-01-19 Time: 4:33:39
   ▪   Block 2000: 2014-01-19 Time: 06:25:47
   ▪   Block 3000: 2014-01-19 Time: 09:10:16
   ▪   Block 3250: 2014-01-19 Time: 11:22:11
Looking at this data, we see that Darkcoin was mined with 500 DRK generated per block from the get go. From block 1 to at least block 3250, according to their blockchain, they were still producing 500 coins each block. The transition from 500 to 277 coins per block occurs between 3250 and 3500 but this author did not see the necessity of getting the exact moment of halving. Simple math shows that 3250 blocks multiplied by 500 coins a block is 1,625,000 Darkcoins created between the times of 3:54 and 11:22 on January 19th, 2014. As of today there are around 4,300,000 DRK in existence, making this a pretty hefty instamine. The Darkcoin website expects around 22,000,000 DRK to be created. That means in less than 8 hours, almost 5% of the Darkcoins that ever will be created spawned in that 1/3 of a day. It's safe to say Darkcoin has left it's investors in the dark on this one.

More than 10 TIMES the amount of current supply (as a % comparison) was put into circulation in the first 8 hours than what was mined in the first 24 hours of litecoin's launch.

Hardly a comparable equivalent to use as an analogy. Laughable at best.

AdamWhite

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So the Dashtards want this thread removed from Google search results... shocking Roll Eyes

Quote from: qwizzie on October 10, 2015, 04:39:52 AM

Maybe its time for Evan or Tungfa to start cleaning up some of the Google search results :

If you look at Google's Search History removal policies we have room to manouvre i think :

https://support.google.com/websearch/answer/2744324?hl=en

Quote

Removal Policies

We want to organize the world’s information and make it universally accessible, but there are a few instances where we will remove content from Search.

Legal Removals

We remove content from our search results if it includes:
•Child sexual abuse imagery
•We also remove content in response to valid legal requests, such as copyright notifications that meet the requirements of the Digital Millennium Copyright Act

Maybe we can ask the Dash foundation (who is helping Dash on legal areas) for legal advice on how to take appropriate action ?
What should be removed when using google search with these two reference words "dash crypto" is :

anything with SCAM in it --> directly attacks the reputation of Dash
anything that links it to Dashcoin --> causes confusion for those people explicitly searching for Dash and not Dashcoin

smoothie

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Quote from: fluffypony on October 11, 2015, 02:38:57 AM

Quote from: BagHolder010 on October 11, 2015, 01:19:04 AM

Last I heard Monero developer FluffyPony is on Vacation because of a sickness he has, funny thing is it didn't matter because I c no different anyway for a 1.5 years so far LOL.

That's news to me...what sickness do I have? Let me know so I can tell my doctor.

Perhaps you're thinking of this: https://www.youtube.com/watch?v=09LTT0xwdfw

Perhaps your sickness is you're too Fluffy. Grin

fluffypony

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GetMonero.org / MyMonero.com

Quote from: BagHolder010 on October 11, 2015, 01:19:04 AM

Last I heard Monero developer FluffyPony is on Vacation because of a sickness he has, funny thing is it didn't matter because I c no different anyway for a 1.5 years so far LOL.

That's news to me...what sickness do I have? Let me know so I can tell my doctor.

Perhaps you're thinking of this: https://www.youtube.com/watch?v=09LTT0xwdfw

GTO911

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All i want to say is lolz for you

stealth923

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Hey Muner0 scammers and trollers - I actually have to scroll down on coin market cap to find your shitty coin....cant believe you idiots even have the nerve to say shit when your worthless coin is going down the shitter...30 something cents ROFL...You truly are amongst the shitcoins.

Its been 1.5 years and Monero is EXACTLY the same as it was when it launched from ripping off bytecoin. Too bad your dev's probably only know how to write comments to code and not actually code.

BagHolder010

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Quote from: BagHolder010 on October 08, 2015, 01:08:53 PM

Quote from: alex-ru on October 07, 2015, 02:44:48 PM

Showing this again here, because it pisses of low grade trollelo developers + their paid trolls.

BagHolder010

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Last I heard Monero developer FluffyPony is on Vacation because of a sickness he has, funny thing is it didn't matter because I c no different anyway for a 1.5 years so far LOL.

Monero thinks DASH/Whitecoin/Shadowcash/Litecoin...you get it basically anything that is not Monero or Boolberry is the reason why they are down on the marketcap, and not because of their trolling + copy cat low grade developers.

Create as many polls against Evan or Dash while you play ur silly childish BTCTALK games, we are having votes on things that actually matter.

Don't look up look down...Rubycoin is catching up to you! LOOOOOOOOOOOOL

Cry more.

jwinterm

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Quote from: stealth923 on October 11, 2015, 12:05:16 AM

Quote from: smoothie on October 10, 2015, 11:56:50 PM

Quote from: tungfa on October 10, 2015, 11:40:14 PM

You guys .....
the issues posted above were acknowledge by evan and the Dash Community many times over,
sure you keep screaming SCAM , just to get Monroe into the News.
(if you think that is PR, good luck)

On a sidenote :
The crypto eco system has enough problems for adoption as is.
You guys as the kings of FUD and TROLLing in this eco system should really reconsider
you 'attempts' here, as you are not only giving yourself a bad name, but everybody (incl BTC,...) else !

Aren't we all in the early stages on the Crypto Scene ?
Shouldn't we support the general crypto approach to help get more adoption accross the board ?
(think about it)

you are still stuck in some Anon Race from 1.5 years ago
grow up, and start looking at the bigger picture !

Everyone is entitled to an opinion.

Just because people don't like dash and are vocal about it doesn't make them look bad.

That's just your view.

I've always called out shady behavior on this forum and I will continue to do so and that includes dash/trash/whatever.

Then can you please include the scammy Monero start with the botched miner. If you do this I will conclude that you are actually fair and looking out for the general public.

Please start by posting daily in all of the Monero forums of the unfair scammy start it had.

You're comparing apples and 747 jet liners. Monero didn't emit half of all coins in existence until months after there were nvidia and amd gpu miners available for windows and linux, not too mention optimized cpu miners. Dash/Darkcoin/Xcoin emitted about half of all coins in existence in the first 24 hours of its existence, before there was even a windows client, then promised a relaunch, then just changed its name instead.

Also, how the motherfuck do you get such an awesomely negative trust rating:

?

GTO911

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Quote from: stealth923 on October 11, 2015, 12:05:16 AM

Then can you please include the scammy Monero start with the botched miner. If you do this I will conclude that you are actually fair and looking out for the general public.

Please start by posting daily in all of the Monero forums of the unfair scammy start it had.

Sorry cant do that. Reality is reality no matter how desperate you are.

Xcoin/Darkcoin/Dash is one of the biggest scams in crypto and you guys are supporting it just because you want to get rich. You should be ashamed

stealth923

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Quote from: smoothie on October 10, 2015, 11:56:50 PM

Quote from: tungfa on October 10, 2015, 11:40:14 PM

You guys .....
the issues posted above were acknowledge by evan and the Dash Community many times over,
sure you keep screaming SCAM , just to get Monroe into the News.
(if you think that is PR, good luck)

On a sidenote :
The crypto eco system has enough problems for adoption as is.
You guys as the kings of FUD and TROLLing in this eco system should really reconsider
you 'attempts' here, as you are not only giving yourself a bad name, but everybody (incl BTC,...) else !

Aren't we all in the early stages on the Crypto Scene ?
Shouldn't we support the general crypto approach to help get more adoption accross the board ?
(think about it)

you are still stuck in some Anon Race from 1.5 years ago
grow up, and start looking at the bigger picture !

Everyone is entitled to an opinion.

Just because people don't like dash and are vocal about it doesn't make them look bad.

That's just your view.

I've always called out shady behavior on this forum and I will continue to do so and that includes dash/trash/whatever.

Then can you please include the scammy Monero start with the botched miner. If you do this I will conclude that you are actually fair and looking out for the general public.

Please start by posting daily in all of the Monero forums of the unfair scammy start it had.

smoothie

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Quote from: tungfa on October 10, 2015, 11:40:14 PM

You guys .....
the issues posted above were acknowledge by evan and the Dash Community many times over,
sure you keep screaming SCAM , just to get Monroe into the News.
(if you think that is PR, good luck)

On a sidenote :
The crypto eco system has enough problems for adoption as is.
You guys as the kings of FUD and TROLLing in this eco system should really reconsider
you 'attempts' here, as you are not only giving yourself a bad name, but everybody (incl BTC,...) else !

Aren't we all in the early stages on the Crypto Scene ?
Shouldn't we support the general crypto approach to help get more adoption accross the board ?
(think about it)

you are still stuck in some Anon Race from 1.5 years ago
grow up, and start looking at the bigger picture !

Everyone is entitled to an opinion.

Just because people don't like dash and are vocal about it doesn't make them look bad.

That's just your view.

I've always called out shady behavior on this forum and I will continue to do so and that includes dash/trash/whatever.

tungfa

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You guys .....
the issues posted above were acknowledge by evan and the Dash Community many times over,
sure you keep screaming SCAM , just to get Monroe into the News.
(if you think that is PR, good luck)

On a sidenote :
The crypto eco system has enough problems for adoption as is.
You guys as the kings of FUD and TROLLing in this eco system should really reconsider
you 'attempts' here, as you are not only giving yourself a bad name, but everybody (incl BTC,...) else !

Aren't we all in the early stages on the Crypto Scene ?
Shouldn't we support the general crypto approach to help get more adoption accross the board ?
(think about it)

you are still stuck in some Anon Race from 1.5 years ago
grow up, and start looking at the bigger picture !

Topic: Darkcoin aka DASH - The biggest ongoing SCAM in crypto - page 8. (Read 48722 times)