oh i see now ... so it happened
that's all you needed to say.
If you have nothing new to add then why post. Why ask for proof then say you know it happened anyway.... stop wasting my time.
If the dev and a handful of people accidentally mined up 50% of the current minting in 24hours then accidents happen i guess lol
No, it's just fair that they get an advantage.
Wait, but it didn't happen, prove it.
Who cares if it happened? I don't give a shit and have nothing to be scared of.
But it didn't happen, prove it.
I know it happened and it's public knowledge, so who cares?
But the burden of proof is on you.
Best Regards,
eltito
What happened, a mistake where a lot of coins were mined in the very beginning, which was corrected as soon as the dev realized it? Yes - it's right there on the bitcointalk thread for everyone to see. Also on darkcointalk. Who ever claimed otherwise? Not me.
Cryptohunter is accusing the devs of scamming, with no evidence to support the accusation. That is what he needs to prove. The other thing is common, public knowledge.
Why is this so difficult for you two to grasp?
So was it a mistake or a fair advantage? please state your position firmly so we can have a real discussion.
I've answered this. https://www.darkcointalk.org/threads/the-birth-of-darkcoin.162/
Don't deflect. Answer my very simple question:
Was the instamine a mistake or a fair advantage to dev and his buddies?
According to the dev it was the former. According to you it was the latter. The burden of proof lies on you, not on him (or me).
And what is YOUR position? this is the third time that I ask you this question, why do you not answer directly?
Intuition isn't your strong suit...
My position is what the available evidence bears out: that it was an honest mistake and a fumbled launch, corrected as soon as it was realized. Nothing nefarious.
Now, as I've asked you far more than three times (to no avail thus far), what evidence do you have that supports your accusation that it was a scam?
Ok now that you have finally stated your position.
First, you say that "where do I come up with the 2 million figure"Well it's pretty easy actually:
http://explorer.darkcoin.io/chain/DarkCoin?hi=3450&count=20 Up until this block the reward was 500 so, 3450 * 500 = 1,725,000 coins.
Then from block 3500 to block 4032 the reward was 277, so 532 blocks * 277 = 147,000 coins.
After that somehow the reward was again 500 from block 4033 to 4500, 468 blocks * 500 coins = 234,000 coins.
If you add them up = 2,106,000 coins, so 2.1 Million coins.
Secondly, you belive dev when he says that "they didn't know something was happening" until they reached block 4500.This is complete and utter bullshit, if you check the thread that you linked me to he says:
"We launched later and immediately got stuck on block 42, I was new to the Bitcoin codebase and wasn’t sure what I missed so I announced we’d relaunch later."
- When they got stuck at block 42 he should have definitely know that the blocks were rewarding 500 coins, but he decided to ignore it and just "fix" the part where they got stuck and didn't touch the faulty minting code.
- The difficulty wasn't retargeting either, he somehow also "didn't notice" it after the first 42 blocks problem.
- No windows qt wallet after 8 hours of mining 500 non-retargeting low difficulty blocks.
- Lastly, how the fuck do you mess everything up in your favor and don't seem to notice until "it's too late and we're too rich to do anyhting about it".
EDIT: Forgot to add, he states that he was new to making coins... why didn't he used the built in testnet before launching?
Every one of your questions is answerable by your last line:
Forgot to add, he states that he was new to making coins...
I'm fine with Halon's razor, but let's say you're right. Why didn't they dump it all when it was over .002 and disappear? That's a couple million bucks for a month or two's work, not bad eh? Why would the dev make his true identity available if he had nefarious intent? Why continue to develop the coin? Why waste your time? Why risk watching it crash?
Are you going to say greed? He and his "buddies" could have pulled $2M USD out of thin air, with no guarantee they'd EVER be able to do it again. Why didn't they? If greed is the motivator, they truly suck at being greedy.
Cutting the supply was a decision based on input from potential investors. His reasoning is here:
https://bitcointalksearch.org/topic/m.5823918Notice that his original thought was to reduce new coin supply by 20% per year. If his intent was to leverage his ill-gotten gains from the "Grand DRK Heist of '14," why lower that number to 7%? There are several people on the bitcointalk thread who say they're invested well into 5 figures, and those are just the ones we know of. I believe the biggest wallet is somewhere in the area of 190k DRK.
None of what you are implying makes any sense outside of your bubble of no-context. None of the dev's actions have indicated anything other than seriousness and commitment to making the coin viable and successful for everyone involved.
Edit: Which reminds me, I read somewhere on the bitcointalk thread that the total supply will max at in the low 70M range with the yearly cut to new minting being 7% instead of 20% (as originally proposed). Unfortunately I can't find the post at the moment. The original intent was for 84M, so that is not a very significant cut, and it arrives there in a much smoother fashion.
