Some history about SDC recently posted on their thread. I have not vetted any of this.
Isn't it funny how one overlooks the shortcomings of those he loves?
And yet one sees more clearly without that fog.
We all wear many masks Tim and this is the last of mine. CH never posted again and all being well after this neither shall I.
ffmad's remarks were not aimed specifically at CH. Anyway the notion anybody besides ryno and TV could prepare these docs, or more specifically CH, is preposterous,
I had never examined the early days of SDC... until now. The links only serve to document the first 11 days and the dramatic change from 20 to 6 million supply, ostensibly resulting from the presence of scrypt ASIC's, which existed at the time of launch. With 90% of coins mined in the first 11 days, combined with the failure of the official mining pool, it is hard to imagine how this can be described as a "fair launch" . The release of shadow chat to coincide with said 11 day PoS wallet release also suggests the code was ready beforehand and released expediently.
Without peer review the best we got is Todd's cryptographer colleague saying the "math looks like Monero" (which really means Bytecoin I guess).
Anyway people will form their own opinions.
Bye.
I just thought Id take a look at the beginning of SDC before I walk away.
Saying it was a "fair launch" is a stretch and it's better to deal with it now than wait till you get further down the rabbit-hole.
The collapse of the only mining pool 60 mins after launch, resulting from a DDOS/misconfigured miners spamming the pool (see thread), does not speak to a fair launch.
At launch (when ASICs for scrypt did already exist) the Dev explains his use of scrypt by saying:
"Scrypt has proven itself time and time again"https://bitcointalksearch.org/topic/m.791252211 days later Dev says
"We've given it some thought and decided that we will be cutting PoW to 31000 blocks due to ASICS and multipools hitting ShadowCoin hard." and 20 million is slashed to 6 million.
https://bitcointalksearch.org/topic/m.8106937I'm not calling scam or speculating who that solo miner might have been. Neither of those things need to be claimed when asserting that this launch was NOT fair and with the collapse of the official pool 60 mins into launch actually a disaster. Im not sure why a relaunch was not proposed.