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Topic: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation) - page 3. (Read 82618 times)

sr. member
Activity: 453
Merit: 500
hello world
great. also if you filter pre mined coins its finally gone.
good guys coinmarketcap
legendary
Activity: 1449
Merit: 1001
I just saw coinmarketcap has added 2 asterix to DASH- ** Significantly Premined
legendary
Activity: 2968
Merit: 1198
Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

What about it is nonsense?

The premise of hashrate dominated by botnets is nonsense as I explained earlier.


I take it the situation has changed to the better recently for some reason?


I have first hand knowledge that two botnet operators are mining XMR as we speak. So whether or not you or I think it is profitable is a moot point.

XMR has a relatively narrow user base, as much of the coin is being mined by the botnets. For instance, 4 MH/s botnet was discussed on #monero-dev and this is one botnet only, which gives about 240M difficulty. God knows how many of them there are actually, but my guess is more than 80% of the whole hash rate.

The largest XMR miner on minergate, botnet also. There are numerous ones mining XMR, and more will come for sure as the coin increases in value & exposure.

Botnets are a real problem. One pool owner shared with me this info




It's certainly possible that heavy botnet activity could occur for a short term with mining still being profitable for others (those posts were all a few months after launch), but it isn't credible for that to continue for a year or longer.  Again, I'm sure there are botnets still but I don't believe they are close to dominating the hash rate. Even during that time period it was well documented -- later -- that dga had a huge part of the hash rate, at times over half, and he wasn't a botnet. So those claims about "huge" botnets early on are even a bit more suspect in hindsight.

Also OracionSeis was outed as a bought account some time ago, and was certainly a scammer who tried to launch QuazarCoin using the exact same name as Monero until the community shot down that dumb idea. So not exactly a credible source for anything.

hero member
Activity: 966
Merit: 1003
Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

What about it is nonsense?

The premise of hashrate dominated by botnets is nonsense as I explained earlier.


I take it the situation has changed to the better recently for some reason?


I have first hand knowledge that two botnet operators are mining XMR as we speak. So whether or not you or I think it is profitable is a moot point.

XMR has a relatively narrow user base, as much of the coin is being mined by the botnets. For instance, 4 MH/s botnet was discussed on #monero-dev and this is one botnet only, which gives about 240M difficulty. God knows how many of them there are actually, but my guess is more than 80% of the whole hash rate.

The largest XMR miner on minergate, botnet also. There are numerous ones mining XMR, and more will come for sure as the coin increases in value & exposure.

Botnets are a real problem. One pool owner shared with me this info


hero member
Activity: 966
Merit: 1003
Let's not get off the topic of the Dashmine.  Because fear of receiving stolen property is a non-topic for a coin with Monero's fungability, but way to pull on the FUD pump, Illodin.

It's not a non-topic, it's food for the "massive media assault" with which you were FUD pumping DASH yourself. If you can't tell a legit coin from an illegal one, and it's estimated 25% (a number I pulled out of my ass, like the media will too, their numbers just might be even more scary) are illegal, the fear of the whole currency becoming illegal will stop any mass adoption.
legendary
Activity: 2968
Merit: 1198
Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

What about it is nonsense?

The premise of hashrate dominated by botnets is nonsense as I explained earlier.

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

What about it is nonsense?

How many percentage of the total hashrate do you estimate can be attributed to Smart Mining feature since it has been released? 1%? 0.1%? Even less? When was the feature released btw?

I'm not saying you're ignoring the risk, it's just that there's not much that can be done about it, and it seems the risk has already realized.

Using algorithms with fast GPU/ASIC miners that make CPU mining useless makes the botnet risk negligible.

The "terminator gene" here could very well be that people are afraid of purchasing Monero coins if they estimate they have x% chance (x = botnet portion of total hashrate) of receiving stolen property.

Let's not get off the topic of the Dashmine.  Because fear of receiving stolen property is a non-topic for a coin with Monero's fungability, but way to pull on the FUD pump, Illodin.
hero member
Activity: 966
Merit: 1003
Monero idealists are saying it doesn't matter that the hashrate is dominated by botnets.

Monero coins have been and are being minted by criminals using unaware people's computers and electricity without their consent, and the people buying those coins off the criminals are happily receiving stolen property while riding their high horse of crypto morality.

Nonsense - we invented Smart Mining to address both mining centralisation AND the risk of botnets. We're not ignoring the risk, and anyone who says otherwise is delusional. Bitcoin, Dogecoin, and Litecoin have all had major botnet mining problems, I don't think any cryptocurrency can pretend it's not at risk. The difference is that we're actually doing something about it instead of pretending it doesn't exist:)

What about it is nonsense?

How many percentage of the total hashrate do you estimate can be attributed to Smart Mining feature since it has been released? 1%? 0.1%? Even less? When was the feature released btw?

I'm not saying you're ignoring the risk, it's just that there's not much that can be done about it, and it seems the risk has already realized.

Using algorithms with fast GPU/ASIC miners that make CPU mining useless makes the botnet risk negligible.

The "terminator gene" here could very well be that people are afraid of purchasing Monero coins if they estimate they have x% chance (x = botnet portion of total hashrate) of receiving stolen property.
hero member
Activity: 966
Merit: 1003

Great, so the instaminers (35% of the current supply) and a few other whales can vote everything in their favor forever, whitewashing the centralization with a veneer of "decentralization." Its the dash way.



The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.

Examples of prices and selling action almost two weeks after launch:

https://bitcointalksearch.org/topic/m.4861558

https://bitcointalksearch.org/topic/m.4889177

Forum member coins101 did a blockchain analysis of Darkcoins distribution as of September 2014:

https://bitcointalksearch.org/topic/analysis-of-darkcoins-distribution-as-at-sept-2014-778616"

No one can prove if those coins were sold to new owners or sold to the same owner(s)--and trying to convince anyone outside of the Dash commune to trust Evan's word is an exercise in futility.

I heard this term prima facie evidence which I suspect could apply here, not sure though. Ask Fluffypony for further information.
legendary
Activity: 1288
Merit: 1000
you think you are a super loyal  hero that is combating injustice or what?

Nope, just someone who, irrationally perhaps, hates scams. Call it a hobby of mine.




You know we agree here: I also hate scam and injustice...
But love freedom and liberty.

I really don't think it's a scam, that's why we don't agree here Wink
legendary
Activity: 2968
Merit: 1198
you think you are a super loyal  hero that is combating injustice or what?

Nope, just someone who, irrationally perhaps, hates scams. Call it a hobby of mine.


legendary
Activity: 1288
Merit: 1000
Lebubar, full disclosure, how much DASH do you own? I'm curious what amount of money causes someone to feverishly defend the malfeasance of another the way that you are.

If you want to know I was not present those 2 first days.

I was not here, and what? I'll not go crying for this, this is life, that all!

I begin to know about it ~beginning of February, and I mined it with cpu, vps, etc.. made about 1500 in 15 days. Then buy them ~0.6$

What I'm doing here? Just want to make loose their time at these so-called pseudo-"dev" from Trollero...
I don't like their arrogant attitude, their pseudo-endless and futile debate.

There is no "debate". The terminator gene was implanted and there is nothing that can be done to remove it now. The only purpose to these discussions is to obstruct the ongoing attempt to whitewash. Just enjoy the pump while it lasts.

Quote from: Dr. Eldon Tyrell
We've already tried it - ethyl, methane, sulfinate as an alkylating agent and potent mutagen; it created a virus so lethal the subject was dead before it even left the table. [repressor protein] Wouldn't obstruct replication; but it does give rise to an error in replication, so that the newly formed DNA strand carries with it a mutation - and you've got a virus again. ... The light that burns twice as bright burns half as long

Ok. Hmmmm who force you to use DASH? Nobody.
Well hmmm who force people to buy DASH? Nobody.

What is a free market? You like it you buy you don't like it you don't buy it...
So what?

you think you are a super loyal  hero that is combating injustice or what?

Don't like it don't use it. End of the story!

Well I'll leave you maybe you'll need to make your 1.28 line code per day.

Enjoy your dump, even if it will last longer that what you are thinking.
legendary
Activity: 2968
Merit: 1198
Lebubar, full disclosure, how much DASH do you own? I'm curious what amount of money causes someone to feverishly defend the malfeasance of another the way that you are.

If you want to know I was not present those 2 first days.

I was not here, and what? I'll not go crying for this, this is life, that all!

I begin to know about it ~beginning of February, and I mined it with cpu, vps, etc.. made about 1500 in 15 days. Then buy them ~0.6$

What I'm doing here? Just want to make loose their time at these so-called pseudo-"dev" from Trollero...
I don't like their arrogant attitude, their pseudo-endless and futile debate.

There is no "debate". The terminator gene was implanted and there is nothing that can be done to remove it now. The only purpose to these discussions is to obstruct the ongoing attempt to whitewash. Just enjoy the pump while it lasts.

Quote from: Dr. Eldon Tyrell
We've already tried it - ethyl, methane, sulfinate as an alkylating agent and potent mutagen; it created a virus so lethal the subject was dead before it even left the table. [repressor protein] Wouldn't obstruct replication; but it does give rise to an error in replication, so that the newly formed DNA strand carries with it a mutation - and you've got a virus again. ... The light that burns twice as bright burns half as long
legendary
Activity: 1288
Merit: 1000
Lebubar, full disclosure, how much DASH do you own? I'm curious what amount of money causes someone to feverishly defend the malfeasance of another the way that you are.

If you want to know I was not present those 2 first days.

I was not here, and what? I'll not go crying for this, this is life, that all!

I begin to know about it ~beginning of February, and I mined it with cpu, vps, etc.. made about 1500 in 15 days. Then buy them ~0.6$

What I'm doing here? Just want to make loose their time at these so-called pseudo-"dev" from Trollero...
I don't like their arrogant attitude, their pseudo-endless and futile debate.


legendary
Activity: 1288
Merit: 1000
Why someone would buy coin if he instamined 2M coins?

WTB 20,000 Darkcoin for 1 BTC, PM me!

If I were trying to legitimize my instamine, the first thing I would do is trade it around, move the coins between wallets, and generally create an appearance of redistribution.



Because you are vicious man... lol
legendary
Activity: 980
Merit: 1000
Lebubar, full disclosure, how much DASH do you own? I'm curious what amount of money causes someone to feverishly defend the malfeasance of another the way that you are.
legendary
Activity: 2968
Merit: 1198
Why someone would buy coin if he instamined 2M coins?

WTB 20,000 Darkcoin for 1 BTC, PM me!

If I were trying to legitimize my instamine, the first thing I would do is trade it around, move the coins between wallets, and generally create an appearance of redistribution.

legendary
Activity: 1750
Merit: 1036
Facts are more efficient than fud
Why someone would buy coin if he instamined 2M coins?

WTB 20,000 Darkcoin for 1 BTC, PM me!

How do you know he bought them? If I post I'm going to bed does that mean I went to bed.

Couldn't resist--  Wink

legendary
Activity: 2968
Merit: 1198
Quote
UNLESS THEY WENT BACK TO BED BECAUSE THEY THOUGHT IT WAS THE NEXT DAY OR THEY WERE USING WINDOWS


It's not Evan fault if they were tired and go to bed!!!!!

Huh


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.
legendary
Activity: 1288
Merit: 1000

Where he say that it was not instamined???

Copy of the wiki :
"Was Darkcoin Instamined?
~2mn coins were issued in the first 48 hours due to problems with the difficulty readjustment. That represents approximately 10-15% of the total money supply that will ever be issued.

The majority of these coins were distributed through the market in the following weeks and months at very low price levels* (0.0000x BTC per DRK to 0.000x BTC per DRK) and a lot of them were also absorbed in the April/May 2014 price increase.

  • Examples of prices and selling action almost two weeks after launch:

https://bitcointalksearch.org/topic/m.4861558

https://bitcointalksearch.org/topic/m.4889177

  • Forum member coins101 did a blockchain analysis of Darkcoins distribution as of September 2014:

https://bitcointalksearch.org/topic/analysis-of-darkcoins-distribution-as-at-sept-2014-778616"

Now have Evan put in writing that Dash coin was instamined, so I can make it my signature--then I'll be satisfied. Because what you have there is qualifying it without saying it and then claiming that it was redistributed fairly--not the same thing in most anyone's book. And where was that found? Was it on the main page of the Dashcoin page or tucked into the Q and A section where only someone looking for it or who stumbled on it while looking for another answer would see it?

Instamine isn't fraud you dolt.  That's why Coin Market Cap doesn't list instamines lol.  Fraud is when you defraud someone.  

Monero community is clinging to this word 'instamine' as it's the only criticism of Dash it can find.  And it wants to hurt Dash because (aparently) Monero has zero unique features or innovation so it's the only way it can continue.

Very sad to witness...

This is why I provided the definition of fraud which you obviously didn't read and proved my intuition about you correct.

fraud (n.) Look up fraud at Dictionary.com
mid-14c., "criminal deception" (mid-13c. in Anglo-Latin); from Old French fraude "deception, fraud" (13c.), from Latin fraudem (nominative fraus) "a cheating, deceit," of persons "a cheater, deceiver." Not in Watkins; perhaps ultimately from PIE *dhreugh- "to deceive" (cognates: Sanskrit dhruti- "deception; error"). Meaning "a fraudulent production, something intended to deceive" is from 1650s. The meaning "impostor, deceiver, pretender; humbug" is attested from 1850. Pious fraud (1560s) is properly "deception practiced for the sake of what is deemed a good purpose;" colloquially used as "person who talks piously but is not pious at heart."

Instamining a coin but never admitting it in literature or in media is a deceptive (fraudulent) act and cryptocoinmarketcap should delist dashcoin. Thank you for making my case.




The launch of the coin was public! And was open to everybody that wanted to join.!!!

UNLESS THEY WENT BACK TO BED BECAUSE THEY THOUGHT IT WAS THE NEXT DAY OR THEY WERE USING WINDOWS


It's not Evan fault if they were tired and go to bed early!!!!!

Oh, Linux, you ask about this free open source O/S that EVERYBODY can download FREELY?Huh


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