Author

Topic: DarkCoin Instamine Scam (Read 1105 times)

newbie
Activity: 8
Merit: 0
March 13, 2015, 09:24:44 AM
#12
Are coin devs supposed to lay out their own money and time for free?

To steal or not to steal this is the question!
hero member
Activity: 605
Merit: 500
March 12, 2015, 05:13:17 PM
#11
Are coin devs supposed to lay out their own money and time for free?

So the correct way to raise funds is instamine 50% of the coin and claim is was due to a bug in KGW ?
PoS
full member
Activity: 223
Merit: 101
If you can be anything, be kind and fair
March 12, 2015, 05:02:29 PM
#10
There is only two ways about either the darkcoin dev is incompetent or set out to scam from the word go.
https://bitcointalksearch.org/topic/m.10689484
hero member
Activity: 1098
Merit: 500
March 12, 2015, 04:59:37 PM
#9
Are coin devs supposed to lay out their own money and time for free?
sr. member
Activity: 266
Merit: 250
March 12, 2015, 01:39:36 PM
#8
At the time, premines were the thing.
legendary
Activity: 1946
Merit: 1005
My mule don't like people laughing
March 12, 2015, 01:35:28 PM
#7
Does anyone else think the 2+ million coin instamine in the first 48 hours is a disgrace to everything crypto is supposed to stand for?

The darkcoin fanboys don't seem to think it's a problem. They're quick to point out that the project needed funding, but the official explanation is that the instamine was an accident. Seems like a fraudulent way of going about funding a project.

Is darkcoin a good buy, or is the project doomed because of the shady start?


Don't forget, no windows wallet at launch. So only dev and linux buddies insta-mined this one. Block reward was wrong at launch from what the op stated. It was 10x more. gee..

legendary
Activity: 1246
Merit: 1000
March 12, 2015, 01:01:38 PM
#6
What was dark coins value in the first 48hr window?


What was the value of Bytecoin when they mined their own coin for 2 years? Nothing. But somehow they get grief and Darkcoin doesn't. By the way what was the value of those Dark coins within a few days and weeks of hitting the exchange? As much as a dollar in some cases, absurdly high for a generic coin that did nothing at the time.
sr. member
Activity: 308
Merit: 250
March 12, 2015, 12:12:15 PM
#5
I'd not invest a satoshi in DRK unless I would know exact time of the final dump.

 
What was dark coins value in the first 48hr window?

What is 2*10^6 * 0?

This is your argument, reconsider it.

Main assumption of insta-/premine is that coin will reach any value in near future.

2*10^6 * 0 = 0
hero member
Activity: 770
Merit: 500
March 12, 2015, 12:04:11 PM
#4
Does anyone else think the 2+ million coin instamine in the first 48 hours is a disgrace to everything crypto is supposed to stand for?

The darkcoin fanboys don't seem to think it's a problem. They're quick to point out that the project needed funding, but the official explanation is that the instamine was an accident. Seems like a fraudulent way of going about funding a project.

Is darkcoin a good buy, or is the project doomed because of the shady start?




I do and I also think the masternode is another scam. It seems the coin is self destructing though so don't worry about it.
hero member
Activity: 676
Merit: 500
March 12, 2015, 12:00:17 PM
#3
I'd not invest a satoshi in DRK unless I would know exact time of the final dump.

 
What was dark coins value in the first 48hr window?

What is 2*10^6 * 0?

This is your argument, reconsider it.

Main assumption of insta-/premine is that coin will reach any value in near future.
sr. member
Activity: 308
Merit: 250
March 12, 2015, 11:58:02 AM
#2
What was dark coins value in the first 48hr window?

What is 2*10^6 * 0?

This is your argument, reconsider it.
hero member
Activity: 605
Merit: 500
March 12, 2015, 11:38:44 AM
#1
Does anyone else think the 2+ million coin instamine in the first 48 hours is a disgrace to everything crypto is supposed to stand for?

The darkcoin fanboys don't seem to think it's a problem. They're quick to point out that the project needed funding, but the official explanation is that the instamine was an accident. Seems like a fraudulent way of going about funding a project.

Is darkcoin a good buy, or is the project doomed because of the shady start?



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