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Topic: [POLL] Does EVAN DUFFIELD regret instamining DRK/DASH at 100x emission? - page 17. (Read 31441 times)

member
Activity: 490
Merit: 14
So I take it you can't define "few" and can't prove how many miners there actually were.

I take it that you can't read. The information shown shows that Evan instamined roughly half of the Dash that was emitted during that time, and there were at most 100 other 'miners' using services such as amazon and microsoft. That's comparable to NXT's distribution of just avg '70' people. So yes, very few people mined during that time and I highly doubt each ec2 was a different person(I'm betting many of them were owned by Evan and co).

I didn't read the whole wall of text, just randomly clicked a link that said "nobody could compile". The proof of the claim was a link to a post, but the very next post was the guy admitting it was his own fault he couldn't compile, not Evan's:

Yeah, my bad, I botched the layover of the makefile on the update.

If the rest of the "proof" is as solid, it's not worth it to read further.

Ok, so you didn't read the whole text yet you have the audacity to continue cluelessly arguing here?  Please, get lost troll.

Read this:
"https://bitcointalksearch.org/topic/m.4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!"

How do you know those nodes were the only nodes at the time the user "turtle83" had made the list?

How do you know those nodes were the only nodes that had mined before the user "turtle83" had made the list?

How do you know those nodes were the only nodes that mined after (but still during the "instamine period") the user "turtle83" had made the list?

We can only use the information we have, since there's no information of other nodes then asking those questions are irrelevant. Stop being Subjective and Stop trolling.
hero member
Activity: 966
Merit: 1003
So I take it you can't define "few" and can't prove how many miners there actually were.

I take it that you can't read. The information shown shows that Evan instamined roughly half of the Dash that was emitted during that time, and there were at most 100 other 'miners' using services such as amazon and microsoft. That's comparable to NXT's distribution of just avg '70' people. So yes, very few people mined during that time and I highly doubt each ec2 was a different person(I'm betting many of them were owned by Evan and co).

I didn't read the whole wall of text, just randomly clicked a link that said "nobody could compile". The proof of the claim was a link to a post, but the very next post was the guy admitting it was his own fault he couldn't compile, not Evan's:

Yeah, my bad, I botched the layover of the makefile on the update.

If the rest of the "proof" is as solid, it's not worth it to read further.

Ok, so you didn't read the whole text yet you have the audacity to continue cluelessly arguing here?  Please, get lost troll.

Read this:
"https://bitcointalksearch.org/topic/m.4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!"

How do you know those nodes were the only nodes at the time the user "turtle83" had made the list?

How do you know those nodes were the only nodes that had mined before the user "turtle83" had made the list?

How do you know those nodes were the only nodes that mined after (but still during the "instamine period") the user "turtle83" had made the list?
member
Activity: 490
Merit: 14

Again, go read the laws concerning these matters before continuing to argue on a baseless foundation. Evan Duffield has been the main, sole developer of Dash no matter how long or how brief. Vertoe has stated that Dash is centralized. A cryptocurrency needs to meet two criteria to be defined as decentralized, Dash only met/meets one.

 c.   De-Centralized Virtual Currencies

            A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

Oh, Vertoe said it, case closed in that case. Disgruntled ex-team members never lie or misrepresent, so we know this must be true. Evan may be the main developer, but to say he is the sole developer is an outright lie. Troll harder.

If you could read troll, notice how there's "no matter how long or how brief". Vertoie saying that Dash is centralized is a huge hit in case you don't understand. He admitted that Evan was the sole force behind Dash down to the how the code is orchestrated. I'm sure it's up for debate whether he's been the 'sole' developer of Dash if the 'work' of other "developers" can be seen as neglible(kind of like sockpuppets). Vertoe's testimony of Dash being centralized down to the code, alone puts the "sole" developer stance up for debate.
hero member
Activity: 826
Merit: 500

Again, go read the laws concerning these matters before continuing to argue on a baseless foundation. Evan Duffield has been the main, sole developer of Dash no matter how long or how brief. Vertoe has stated that Dash is centralized. A cryptocurrency needs to meet two criteria to be defined as decentralized, Dash only met/meets one.

 c.   De-Centralized Virtual Currencies

            A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

Oh, Vertoe said it, case closed in that case. Disgruntled ex-team members never lie or misrepresent, so we know this must be true. Evan may be the main developer, but to say he is the sole developer is an outright lie. Troll harder.
member
Activity: 490
Merit: 14
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

Having an unregistered IPO in the USA is Illegal if that's what you're referring to. It's probably best that you go inform yourself of the various laws concerning securities, at least in the U.S.
That's nice, but rather irrelevant, considering that cryptocurrencies are not securities under federal law.

Again, go read the laws concerning these matters before continuing to argue on a baseless foundation. Evan Duffield has been the main, sole developer of Dash no matter how long or how brief. Vertoe has stated that Dash is centralized. A cryptocurrency needs to meet two criteria to be defined as decentralized, Dash only met/meets one.

 c.   De-Centralized Virtual Currencies

            A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

            A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.

Providers and Sellers of Prepaid Access
member
Activity: 490
Merit: 14
So I take it you can't define "few" and can't prove how many miners there actually were.

I take it that you can't read. The information shown shows that Evan instamined roughly half of the Dash that was emitted during that time, and there were at most 100 other 'miners' using services such as amazon and microsoft. That's comparable to NXT's distribution of just avg '70' people. So yes, very few people mined during that time and I highly doubt each ec2 was a different person(I'm betting many of them were owned by Evan and co).

I didn't read the whole wall of text, just randomly clicked a link that said "nobody could compile". The proof of the claim was a link to a post, but the very next post was the guy admitting it was his own fault he couldn't compile, not Evan's:

Yeah, my bad, I botched the layover of the makefile on the update.

If the rest of the "proof" is as solid, it's not worth it to read further.

Ok, so you didn't read the whole text yet you have the audacity to continue cluelessly arguing here?  Please, get lost troll.

Read this:
"https://bitcointalksearch.org/topic/m.4595573
From this list of nodes, at 8h34 am (4h40 after launch) there were 50 Amazon AWS node and 50 microsoft cloud computing instamining DRK (checked using IP whois service). This is 100/124 nodes using cloud computing to instamine DRK. We are at block 2870 and block reward is 500. From block 1153-1729 block reward is 277. After that it is 500 again hence 2294 block at 500 + 576 at 277 = 1306552 DRK (worth about 13M$ now) were instamined in less than 5 hour by Edufield and coworkers using about 100 cloud mining instances. Edufield himself instamined in not even 5 h from 600K to 1169K DRK ((1306K-600K)*100/124 + 600K) depending how many of the 100 cloud mining instance were its own. All this while having purposefully set the difficult ridiculously low and block reward 100 times what it is now.

From 6M$ - 13M$ in 5 h, Edufield did some lucrative work here!

Edufield is nominee for the Master Scammer 2014 award!"
hero member
Activity: 826
Merit: 500
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

Having an unregistered IPO in the USA is Illegal if that's what you're referring to. It's probably best that you go inform yourself of the various laws concerning securities, at least in the U.S.
That's nice, but rather irrelevant, considering that cryptocurrencies are not securities under federal law.
hero member
Activity: 966
Merit: 1003
So I take it you can't define "few" and can't prove how many miners there actually were.

I take it that you can't read. The information shown shows that Evan instamined roughly half of the Dash that was emitted during that time, and there were at most 100 other 'miners' using services such as amazon and microsoft. That's comparable to NXT's distribution of just avg '70' people. So yes, very few people mined during that time and I highly doubt each ec2 was a different person(I'm betting many of them were owned by Evan and co).

I didn't read the whole wall of text, just randomly clicked a link that said "nobody could compile". The proof of the claim was a link to a post, but the very next post was the guy admitting it was his own fault he couldn't compile, not Evan's:

Yeah, my bad, I botched the layover of the makefile on the update.

If the rest of the "proof" is as solid, it's not worth it to read further.
member
Activity: 490
Merit: 14
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

Having an unregistered IPO in the USA is Illegal if that's what you're referring to and him being the sold developer would have made Dash a centralized currency(And up to the full force of the law, especially since he promised ROI on masternodes). It's probably best that you go inform yourself of the various laws concerning securities, at least in the U.S.
member
Activity: 490
Merit: 14
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

And, ANYONE can make any changes to the code (including emission adjustments), it's up to the miners and peers to download and agree to the code change.

You realize that Dash at that time, was closed-source. The only one who could have made changes to the code was the developer(Evan Duffield). Couple that with the fact that he was able to mine so many Dash(We can also infer that his hashpower would have been high during that time), and he should have been more than able to implement any changes in the code and get it accepted by himself alone.
[/i]

No, I don't realize that. Is that the accuracy you do your "investigations" irl as well?

Are you trying to dispute the fact that Dash was closed-source? If you have no idea what happened, then do not continue to post here as you're wasting my time. I also added more.
hero member
Activity: 966
Merit: 1003
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

And, ANYONE can make any changes to the code (including emission adjustments), it's up to the miners and peers to download and agree to the code change.

You realize that Dash at that time, was closed-source. The only one who could have made changes to the code was the developer(Evan Duffield).

No, I don't realize that. Is that the accuracy you do your "investigations" irl as well?
hero member
Activity: 966
Merit: 1003
Ok now it insta crashes when I type "setgenerate true".

Time to go to bed and try again next week?


Yeah, let's do that. I obviously need to do some more testing. Thanks everyone!

Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks.

Definitely not. I'll also follow up with this post when I do set a time.

Evan thought that finding and fixing the bug would take a long time, and would be ready for a new launch the next day the earliest.

No, he said "testing", which inherently takes time and can't be a "quick fix":

I obviously need to do some more testing

Well, he was a one man developer "team" so his perception of "testing" back then was probably different than what it is now. For him, back then, it could've just simply meant that he verifies that it complies ok, and when started up stays up at least 2 minutes.
member
Activity: 490
Merit: 14
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

And, ANYONE can make any changes to the code (including emission adjustments), it's up to the miners and peers to download and agree to the code change.

You realize that Dash at that time, was closed-source. The only one who could have made changes to the code was the developer(Evan Duffield). Couple that with the fact that he was able to mine so many Dash(We can also infer that his hashpower would have been high during that time), and he should have been more than able to implement any changes in the code and get it accepted by himself alone.
hero member
Activity: 966
Merit: 1003
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.

And, ANYONE can make any changes to the code (including emission adjustments), it's up to the miners and peers to download and agree to the code change.
hero member
Activity: 966
Merit: 1003
hero member
Activity: 826
Merit: 500
That has nothing to do with regulating the initial distribution of a digital currency. Evan was fully within his rights to determine how Dash would be distributed, and furthermore, make changes in the future. He could have premined it 100% and sold the coins for $1000 a piece, and it still wouldn't be illegal. It's obvious that you're grasping at straws.
member
Activity: 490
Merit: 14
Again, why am I doing your homework for you. I'd like to assume that you're capable of researching these terms for yourselves.
member
Activity: 490
Merit: 14

Show me the law that regulates precisely how I can distribute my magic internet tokens.

http://www.fincen.gov/statutes_regs/guidance/html/FIN-2013-G001.html

 c.   De-Centralized Virtual Currencies

            A final type of convertible virtual currency activity involves a de-centralized convertible virtual currency (1) that has no central repository and no single administrator, and (2) that persons may obtain by their own computing or manufacturing effort.

            A person that creates units of this convertible virtual currency and uses it to purchase real or virtual goods and services is a user of the convertible virtual currency and not subject to regulation as a money transmitter. By contrast, a person that creates units of convertible virtual currency and sells those units to another person for real currency or its equivalent is engaged in transmission to another location and is a money transmitter. In addition, a person is an exchanger and a money transmitter if the person accepts such de-centralized convertible virtual currency from one person and transmits it to another person as part of the acceptance and transfer of currency, funds, or other value that substitutes for currency.

Providers and Sellers of Prepaid Access

Dash's developer Vertoe has stated that Dash is centralized and under the sole leadership of Evan Duffield. This would take Dash out of the realm of decentralized virtual currency, and into virtual currency. The instamine would have to be proven to have been done on purpose and with the intent to "decieve"(Hence it being launched earlier than it was intended) and to benefit the developer(Which it did as he mined during that period of time). I'm sure you realize what would come with that, accusing Evan of having a subtle IPO if he had sold any of his coins, since has has promised ROI on the masternodes and the only way to get masternodes would to be buy coins.

legendary
Activity: 2968
Merit: 1198
Ok now it insta crashes when I type "setgenerate true".

Time to go to bed and try again next week?


Yeah, let's do that. I obviously need to do some more testing. Thanks everyone!

Best thing to do I guess. Please, confirm you won't be launching after some minutes/hours even if you fix it, and the sooner would be tomorrow, thanks.

Definitely not. I'll also follow up with this post when I do set a time.

Evan thought that finding and fixing the bug would take a long time, and would be ready for a new launch the next day the earliest.

No, he said "testing", which inherently takes time and can't be a "quick fix":

I obviously need to do some more testing

In fact, though, testing was not done and there was still a "serious error" when he launched it:

Everyone please update to the new version on the git repo, there was a serious error that I just fixed:

terminate called after throwing an instance of 'std::runtime_error'
  what():  CreateNewBlock() : ConnectBlock failed
Aborted (core dumped)

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