Topic: DASH was scam instamined???!!!! (Read 1964 times)

But DRK was instamined, right?

Protip: There is no such thing as a "valid ad hominem"

LOL another thread by Trollero community. GG guys and noob accounts

it's a valid ad hominem because it's yet another Monero sockpuppet making a thread to try to delegitemize DASH to pump Monero. the man is fake.  its like saying Bernie Madoff is innocent because the case against him is ad hominem.

Is it an illegal scam and a police matter if you buy at ATH and the price goes down? 

First!

Constantly pointing out how the OP is newbie is ad hominem.

Yes it is an ongoing scam.

500,000 coins instamined in the first 1 hour (!!!), 2+ million total in the first 48 hours.

The authorities are being notified, the more people that do so, the better: https://bitcointalksearch.org/topic/m.10874852

Two problems with this logic:

1. Reward doesn't always mean profit. A dev (or devs) could just as easily be motivated by a problem (like creating a viable e-cash) and therefore look at profit as result of the problem being solved, but profit never being the real motive. It's kind of like sex in this regard. If you marry a women just to have sex with her, the marriage is bound to stagnate and become toxic; whereas if you marry for love and want to build a committed relationship, the sex is a byproduct of a healthy relationship, but never the intended goal.

2. It's not that it was instamined, it's that it was launched surreptitiously (see my first post), that it was covered up in a lie or was an accident that was never turned into a re-launch to avoid the hint of a scam launch--either you own the instamine (500k in first hour) or you fix it, but don't give me some story that doesn't match your actions; I'm not stupid enough fall for this type of spin, and neither should anyone else.

Now back to the marriage analogy, how many successful marriages do you know that start with a lie? I know of 0, so I would trade this coin with a short term plan (date, don't marry), or find a coin you can trust and  set down for nice long, happy and equally beneficial relationship.

DASH is the new name of darkcoin.
An altcoin can only be successful when there are someone developing it. The devs deserve their coin to maintain interest in developing the coin. Why would anyone work for a coin if there are no reward?

Check the x-dark-dash site--it is not outlined in detail how this actually went down. Also, noobs can fall for the coinmarketcap bias, "It doesn't have the little * insta/pre-mined on coinmarketcap.com, and they're a "trusted" 3rd party, so it must be legit." It takes a while to dig through the piles of fud in cryptoland and not everyone has been here since 2012 or has the free time to go next level. So yes, it's not a secret to people in the know, but like someone who still thinks masternodes are a good idea, it's a secret to them.

Lul. Brand new account angry about something that was never a secret.

Everyone already knew this many months ago. 

HAHAHA full of newbie accounts, probably one guy having a conversation with himself...

Sad...so so sad these forums.

yea i know, im saying when dash was instamined the developer eddufield almost certainly had more than 50% of the hashpower and could do the hardfork, which he did do! it didnt matter cause hardly any1 was mining at that time

how would a state intervention make a bad precedent? i mean i guess itd bring unwanted attention, but this shit is Fucked up, and now im stuck holding these dash coins scam crap

One thing is a 51% hashpower attack. Another thing is a (hard)fork. You don't need to control 51% or more of the network to do a hardfork of a coin. You can do it yourself, but it's up to the other people to accept these changes. Part of people can accept and other can't accept, and in this way you would have 2 versions of the coin running independently (and also incompatible). They could just stay at the original version or tried another scheme more compatible with the rythm of the first hours.

Of course, they did it wrong, and this is why I dislike Dash, but creating another topic about this, claimiing the police should be called and other things like this doesn't help in any way. Even worse, a state intervention in this could create a very very bad precedent for other cryptocurrencies (including the legit ones).

Edit: just removing the quotes. They are unnecessary.

i admit im a dumbass for falling for this crap without digging deeper, which is why i came here in the first place. i know about consensus you need like 50% or more of the haspower to do changes, but thats exactly what happened isn it! i looked at the beginning of the thread where dash came out, and the lead developer eddufield probably had much more than 50% of the hashpower, so it wouldnt even matter about consensus

I'd put a red flag into someone creating an account on BitcoinTalk just to ask this.

Anyway, instamines or unfair practices in cryptocurrencies per si are not illegal. And you call the police from what country? What they should do? Shutdown the network? Of course, they are questionable, specially on cases when you decide lately to change the mining reward schemes. The code is open and anyone can modify it, including the mining reward. These changes requires consensus to work. So, even this being a scam, it's not just the lead developer who is scamming. It's a scam built by consensus.

OK I GOT IT FULLY NOW. like a idiot i bought INTO THIS PIECE OF SCAM DOODOO SHIT at .024 btc. why the hell is this scam even allowed? WTF, there should be a fucking warning message before exchanges allow you to buy this doodoo scam coin. this is freaking insane, where the hell is the police for this shit, it cant be legal.

Here's the long account: https://bitcointalksearch.org/topic/why-the-darkcoindashdashpay-instamine-matters-999886

Here's the short: Dev starts before he said he would, mines 500K first hour (1.5 mill in first 8 hours), and then tells everyone it was a bug, but never relaunches the coin, but does rename it twice (x, dark, dash).