bad launch time plus ninja launch is far worse than any instamined coin with ANN
+1
We're in this sea of endless clones with massive premines and ninja launches and this guy chooses to attack one of the very few coins that is trying to innovate.
This. I don't care if it was instamined, it brings something new to the table.
LOL what a strange idea?? i don't care if the dev and his pals can take an extreme cut of the coins ?? are you for real ? Let's me serious on this thread a coin pretending to be fair with no premine taking a huge instamine is not okay. If it is okay for dark to release with instamining super powers then all coins should be allowed.... do you want all coins released without a windows QT and the devs hitting the super instamine button?
Instamines especially those that make sure there is little competition from miners by releasing without a windows qt are possibly WORSE than premines of a similar size. Yes you can instamine a huge % of the coin in a VERY short period of time with no other competition around. It is worse than premine because not only do you take a huge % of the coins which is the same as a premine, you also take all of the easy coins at the start from miners so it is a double whammy for miners.
I understand that it's not fair to launch without a Windows QT (not that I particularly care about Windows users), but the fact of the matter is, the devs actually made something new. They didn't just copy and paste another shitcoin's source and call it a new coin. Don't you think the time they spent coding should be rewarded? You could say they should have premined, but this fucking community feels like that's so bad. It IS bad, but only when the dev isn't a dev at all. If someone did real work, they should be rewarded for it.
Also, every coin ever has been instamined. Maybe not to this extent, but it still has been.
This is off topic however one time answer to this ....
But your message is this.... Yes you acknowledge it was an instamine scam excluding deliberately all windows user, but you don't care about windows users?? so it is okay?
Also did you read this and understand the actual magnitude of this instamine??
1. The block reward was 500 every couple seconds at launch! Not 20 or 50 coins every 2.5 minutes as listed. There was also no windows wallet so only linux users could mine. This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours. Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!! All mined in the first 24hours by just a few wallets. Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.)
2. Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets. This could be 10 people or it could be simply Evan with 10 different wallets.
3. My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch. The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million!
That coupled with no windows wallet - there can be NO justification..
Yes now on to the innovation. To me yes it seems they have put in some work and continue to do so. Do they deserve some coins. Yes. However this does not justify the AMOUNT they have and the way that they took them.
Look are we in agreement these are the facts below.... no windows wallet +
1. The block reward was 500 every couple seconds at launch! Not 20 or 50 coins every 2.5 minutes as listed. There was also no windows wallet so only linux users could mine. This allowed about 1.7-2 million Darkcoins to be instamined in the first 24hours. Representing about 50% OF ALL DARKCOINS CURRENTLY IN EXISTENCE!!! All mined in the first 24hours by just a few wallets. Then the rules were changed increasing the block time to 2.5 minutes and eliminating the 500 block reward, (but only after the instaminers had claimed 2 million or so coins first.)
2. Today many of those day 1 instamined coins have already been sold and right now approx 24% of all Darkcoins are held in just 10 wallets. This could be 10 people or it could be simply Evan with 10 different wallets.
3. My opinion is that it is unfair and unfortunate that this occurred and IMO it represents a very real risk to Darkcoin in that there is an opening for a good dev to make an Identical X11 coin that has all the attributes of Darkcoin, plus a few more features, and have a truly fair and equitable launch. The instamining will continue to be brought up as it currently represents about a 10% premine given the Dev recently reduced the total coins that will ever be in existence to around 22million!
If we agree these are the facts fine let's leave it. At least i see no lies coming from you guys... you admit it was an instamine scam. End of story. There is no justification for this kind of thing.
I am happy to let it drop. There is nothing more to gain. It was a scam start, the distribution was DREADFUL that is the end of it people should decide if they support it or not now they have the facts.
Constanly trying to justify it on here is not going to change the facts.
I am ready to move on and forget it. It makes no difference to me the damage is done, they have got away with it it seems. The next coin that tries it we will be ready and stop it before it goes too far.
I didn't say that it was okay, the fact that I don't really care about Windows users was an aside, not a justification. I didn't know the block reward was 500 at launch, that's insane.
Yeah nice isn't it 500 drk rolling in every few seconds straight after announce with no windows QT. Most people don't have a clue regarding the size of this instamine scam. Oh well at least the information is there now. Although worrying isn't it that something that huge can be so unknown?
A lot of people don't like this info coming out i can tell you. Never seen such an excitable reaction from people.
You can thank TAOWAY for uncovering this, without him it would have slipped my mind that xcoin was now darkcoin and that xcoin launched with no windows QT and the diff got sadly stuck at super low all day allowing instamine by a very select few people to grab 50% of the minting so far in 24 hours .... yummy imagine that little bag of loot.
