Dash Instamine is a non-issue. - page 4.

smoothie

legendary

Activity: 2492

Merit: 1473

LEALANA Bitcoin Grim Reaper

Quote from: Technologov on April 15, 2017, 07:46:39 PM

Partial Instamine is a non-issue.

1. Bill Gates pre-mined Microsoft stocks.
2. Mark Zuckerberg pre-mined Facebook stocks.
3. Vitalik pre-mined Ethereum.
4. Crypto-coins are both digital gold and a stock.

I believe that creators need to have financial incentives to make their projects a success.

EDIT: Here a guy that wrote an article that Bitcoin is not a digital gold, but more like a company stock. Good read !
https://www.reddit.com/r/btc/comments/65ks6p/critical_misunderstanding_bitcoindigital_gold/

EDIT2: Even better would be, for the investors, is if creator pre-mines his coins, but uses a 5-year TIME LOCK transaction, so he can't dump it on the market. This will provide a long-term motivation to improve his creation. Pump-and-Dump out; Innovation in !

-Technologov

The big difference is that Evan claims Dash wasn't premined and also that he didn't mean to instamine it.

Bill Gates, Mark Z, etc all made it clear that what they would be selling would be "premined"

Evan didn't do that at the beginning...

he pretended it wasn't a problem...

if it isn't a problem then I guess that news will go away eventually right? Roll Eyes

It has been 3+ years so far...but eventually right ? lol

ahoenk

hero member

Activity: 1246

Merit: 502

the coin is several years old, the coin has big community and strong as well, instamine is just old issue, btw ottoh( one of bag holder of dark coin / dash ) become more rich now..hahahah

unfortunately i evwr get scammed with some one many dash i bought at $2

ppc.pt

member

Activity: 84

Merit: 10

Quote from: spartak_t on April 17, 2017, 06:57:30 AM

Quote from: ppc.pt on April 17, 2017, 05:57:11 AM

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

Dash is one of the most manipulated coins and its price has nothing to do with decisions made by the "free market". Its like telling to people that the "free market" has decided to multiply PinkCoin's market cap x8 in 4 days. Yeah, sure...

Ok it's not by the free market.. Then which government is intervening ?

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: ppc.pt on April 17, 2017, 05:57:11 AM

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

Dash is one of the most manipulated coins and its price has nothing to do with decisions made by the "free market". Its like telling to people that the "free market" has decided to multiply PinkCoin's market cap x8 in 4 days. Yeah, sure...

ppc.pt

member

Activity: 84

Merit: 10

Quote from: arielbit on April 17, 2017, 06:39:34 AM

Quote from: ppc.pt on April 17, 2017, 06:19:33 AM

Quote from: arielbit on April 17, 2017, 06:09:55 AM

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean Grin

Yes I try to remove "that"... And then I can remove all the rest I wrote...

that is called STFU hehe..or looking at different angles.

go and buy DASH buddy..i prefer other boats Wink

Ah,ah,ah

arielbit

legendary

Activity: 3388

Merit: 1059

Quote from: ppc.pt on April 17, 2017, 06:19:33 AM

Quote from: arielbit on April 17, 2017, 06:09:55 AM

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean Grin

Yes I try to remove "that"... And then I can remove all the rest I wrote...

that is called STFU hehe..or looking at different angles.

go and buy DASH buddy..i prefer other boats Wink

ppc.pt

member

Activity: 84

Merit: 10

Quote from: arielbit on April 17, 2017, 06:09:55 AM

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean Grin

Yes I try to remove "that"... And then I can remove all the rest I wrote...

arielbit

legendary

Activity: 3388

Merit: 1059

Quote from: ppc.pt on April 17, 2017, 05:57:11 AM

I don't see any problem either. They premined... So what ?!? At that time the coin was probably worth shit.

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

So the people criticising are probably the ones that normally don't get into these "boats", and just stay on the sidelines yelling for it to fall...

It can happen, but you already lost a big profit

just look how qwizzie tried to make a different story of the past...that's where things get twisted and get called a "non-issue", they back it up by lies upon lies..

try to remove profit/value/worth/boat from the equation, you are just making the discussion murky...for me I'm just making the story straight and clean Grin

try to look at some critics accounts here...they've been here for quite a while, so if you're gonna make something up..expect a correction Wink

ppc.pt

member

Activity: 84

Merit: 10

I don't see any problem either. They premined... So what ?!? At that time the coin was probably worth shit.

Anyway if that really was a big issue the market would have decided. It clearly made its decision...

So the people criticising are probably the ones that normally don't get into these "boats", and just stay on the sidelines yelling for it to fall...

It can happen, but you already lost a big profit

spartak_t

legendary

Activity: 1960

Merit: 1176

@FAILCommunity

Quote from: Technologov on April 15, 2017, 09:02:28 PM

Crypto-coin development is one of the 5 hardest dev jobs on Earth.

I kinda missed this... Cheesy

I'm not a dev, but with your logic my salary as VoIP (MVoIP, BVoIP, GVoIP, CVoIP - the whole alphabet) support at AT&T should be at least $10 million, because part of my job is to support 911 in the US. Nobody said its easy, but justify Dash approach this way is hilarious...

NoiseBoy

sr. member

Activity: 266

Merit: 250

Sound. Fury. Signifying.

False analogy, every single example.

Bill Gates didn't premine Microsoft. He owned 100% of Microsoft, then he sold bits of it off. Extrapolate to all your examples. Then, examine your motivations.

smooth

legendary

Activity: 2968

Merit: 1198

Quote from: qwizzie on April 16, 2017, 05:40:35 AM

So, how are things with Steemit .. smooth ? Maybe you can tell us a bit more about your ninja-mining
period with Steemit, so we can all learn from it.

The Steemit ninjamine, like the Dash instamine, was deceptive and I didn't support it. In fact I posted on their old thread about how I wasn't ever going to endorse the coin for this reason, and I haven't. Though, still, there are some differences: at least the Steemit devs were explicit about being deceptive and make absurd claims about it being an accident (oops!).

Quote from: Emoclaw on April 16, 2017, 02:10:53 PM

Quote from: Technologov on April 15, 2017, 09:02:28 PM

Crypto-coin development is one of the 5 hardest dev jobs on Earth. Those include: operating-systems (Windows, Linux), virtualization (VMware, VirtualBox), 3D games, Artificial Intelligence (A.I) and crypto-coins.

What you said is wrong on so many levels.
Firstly you pulled the "5 hardest dev jobs" out of your ass

Mostly true

There are some well understood metrics for difficulty of software development tasks and crypto coin dev is not extreme overall. It rates high on some difficulty metrics and low on others.

arielbit

legendary

Activity: 3388

Merit: 1059

Quote from: qwizzie on April 16, 2017, 01:42:34 PM

Quote from: Ayers on April 16, 2017, 12:46:09 PM

Quote from: mining1 on April 16, 2017, 10:42:29 AM

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine

Just to be clear : there were only name changes involved.

Xcoin : conflict with another coin so a new name was needed
Darkcoin : needed a rebranding for mainstream adaption
Dash : final branding name

These name changes did not involve a change from proof of work (POW). Dash just put a second tier on top of the miners,
called it proof of service and gave the masternodes of that second tier rewards for providing services to the network.
(PrivateSend, InstantSend, Voting). Masternodes and miners each earn 45% of the blockrewards and 10% of the blockrewards
goes to the decentralized budget system.

There also exist a Dashcoin but that is a totally seperate cryptocurrency, not to be confused with Dash.

FYI

i never thought qwizzie was a comedian Cheesy

the irony hehe

Quote from: qwizzie on April 16, 2017, 01:42:34 PM

Xcoin : conflict with another coin so a new name was needed
Darkcoin : needed a rebranding for mainstream adaption
Dash : final (or not so final-depends) branding name : entered another conflict with another coin so Darkcoin can have its cool name

FTFY

Quote from: qwizzie on April 16, 2017, 01:42:34 PM

Just to be clear : there were only name changes involved.

after the instamine, the total supply was changed from 84 Million to about ~20 Million to make the instamine loot a lot more valuable...the masternode concept was also hidden from the public so insiders can accumulate more while people dump and/or didn't buy due to lack of information, people don't know that they will be able to POS their coins with masternodes and what is the masternodes role in the network.

iamnotback

sr. member

Activity: 336

Merit: 265

Quote from: Technologov on April 15, 2017, 07:46:39 PM

Da shitnstamine is da shit

Simplify concepts.

Emoclaw

sr. member

Activity: 420

Merit: 251

Quote from: Technologov on April 15, 2017, 09:02:28 PM

Crypto-coin development is one of the 5 hardest dev jobs on Earth. Those include: operating-systems (Windows, Linux), virtualization (VMware, VirtualBox), 3D games, Artificial Intelligence (A.I) and crypto-coins.

What you said is wrong on so many levels.
Firstly you pulled the "5 hardest dev jobs" out of your ass.
You can't measure the difficulty of creating software because there are a lot of variables involved. The size of the project and what the developers want to achieve for one.
AI can boil down to a bunch of if-else statements that even a novice programmer can make.
Large projects such as VMware and OSes are collective efforts. Each person or team of people do programming tasks that they are perfectly capable of, and that's how everything goes smoothly.

qwizzie

legendary

Activity: 2548

Merit: 1245

Quote from: Ayers on April 16, 2017, 12:46:09 PM

Quote from: mining1 on April 16, 2017, 10:42:29 AM

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine

Just to be clear : there were only name changes involved.

Xcoin : conflict with another coin so a new name was needed
Darkcoin : needed a rebranding for mainstream adaption
Dash : final branding name

These name changes did not involve a change from proof of work (POW). Dash just put a second tier on top of the miners,
called it proof of service and gave the masternodes of that second tier rewards for providing services to the network.
(PrivateSend, InstantSend, Voting). Masternodes and miners each earn 45% of the blockrewards and 10% of the blockrewards
goes to the decentralized budget system.

There also exist a Dashcoin but that is a totally seperate cryptocurrency, not to be confused with Dash.

FYI

Ayers

legendary

Activity: 2590

Merit: 1022

Leading Crypto Sports Betting & Casino Platform

Quote from: mining1 on April 16, 2017, 10:42:29 AM

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

because pivx was not instamined like dash, but dash was not actually instamined, darkcoin was instamined up to 5 million from the dev, and then they did the swap with the so called dash, but one is a pos and the other cna still be mined, even if dash is bad because instamined, i still like it more because you can mine

European Central Bank

legendary

Activity: 1288

Merit: 1087

the coin is several years old now. i think it's safe to say that the market has spoken and it still wants it no matter what shit happened in the background.

mining1

hero member

Activity: 532

Merit: 500

And why would pivx be better ? What makes their dev team better ? The fact that it is a clone proves the team is average tops and the project is vaporware.

badenglishtea

member

Activity: 82

Merit: 10

PIVX.

PIVX is like Dash without the instamine (also better community, dev, marketing, innovations, governance).

Your right, the instamine is a non-issue for people who hold Dash (very few). For everyone else, and for anyone new looking to invest, PIVX is far superior.

I dumped my Dash at 0.1 BTC on some dumb trader. Bought PIVX masternodes. Never looking back.

At least we get to all watch the slow, centralized death of Dash over the next year together.

Topic: Dash Instamine is a non-issue. - page 4. (Read 4554 times)