We differ on the instamine...
Although i think some of the pow phases are getting way too short, there is no chance you will convince me they are instamine above and beyond dark.
It's pure numbers. There's nothing to convince you really. Coins issuing rate / max supply and you can compare, say, DRK to a PoS/PoW hybrid. Hybrids are much faster instaminers - and not for just the first few coins, but all of the coins.
When drk first hit exchanges you were buying from only a handful of people that instamined all of the easy coins.
Coin issue rate was good for the next ten-fifteen days too (beyond the first 48hrs). DRK's block reward is adjusted by hashpower, so back in late january when I started mining with my celeron @2.4, I was getting almost 25 DRK per day. And I know I sold like 50 of them at 0.0005 in early feb. And then the price went to 0.002.
There can be no doubt that 50% ish of all current minting was taken by just a few people.
The first few miners got the coins. That's a fact. What we disagree is the implication this had for purposes of "fair distribution" - as I was there when the coin hit the exchanges at prices like 0.0000x per DRK.
Most instaminers didn't value their coins, thus allowing massive re-distribution at dirt-cheap prices. People don't generally value things they get in abundance.
The main fallacy of the "oh drk scam" etc is that it implies that the distribution of the first 48hrs remained fixed for eternity, when coins were already changing hands hours after the first miners arrived.
The fact the dev offered to do the airdrop, and i believe he was serious about it was enough to tell me he was not out just for quick profits but wanted his coin and hard work to go on to something bigger and actually return larger profits long term. The community forced him to go back on that.
The community was asked and it replied. And, IMO, they took the fair choice as coin distribution was already a non issue. There was so much dumping in the start, plus so many waves of dumping from feb to april. By that point there was not much to "fix". The coins had circulated.
But just accept it was a very bad start
It was.
followed by more shady slashing of the minting and move on.
Not really shady. People were asked and the decision was made with a poll.
Instamine does not mean the same thing to you as it does to me. To me if everyone at an announced launch has fair opportunity to mine and the diff retargets every block there can be NO instamine advantage for any person. This is just an accelerated mining phase that everyone can either choose to take part in or not. I hope if these POW phases keep getting shorter and shorter people will eventually say this is just silly now although sure if everyone turns up to mine and the launch goes well then everyone at the launch got a chance but even so. Brings into question the 100% premined coins, i mean are they the very most fair type of distribution.... anyone can get some coins without having hardware? to me yes they are quite fair if done correctly. However to you they would seem unfair since they are given out sometimes in just a day or two so that would be way too fast for your liking.
Instamine to me is when the dev, or a group of people have an unfair advantage early on and get to instantly mine for themselves a huge bunch of easy coins. That is instamine to me.
Instamine can't just be a coin with accelerated POW phase, else instamine is not a scam, you choose to mine or not? everyone has the same chance everyone has a choice. In this case instamine isn't worth talking about.
The slashing of the minting again was nasty.
The decision for no airdrop was NOT made with the poll. The poll was removed within hours, the dev was ordered to remove it by drk whales and investors. If you doubt this ask him to put the poll up again and leave it there for a few days
i think you'll see a poll would have a different outcome... However, perhaps it is unfair to expect investors that bough in way after the launch and after the minting was slashed to take a short term price cut. There is no fixing this issue now i guess. However the point is to make sure enough fuss is made about this that other devs don't repeat the same mistakes again.
Let's be honest if you didn't mine or hold drk right now you would not be trying to defend any of this. If i had been one of the linux instaminers of course i wouldn't be here talking about it either if i still held a ton of drk. However the facts are there for anyone to examine. If people feel the instamine is bad but it is still worth investing in drk that is their choice.
However taking personal investment away from the equation. EVERYONE on this board would agree you are arguing in favour of things that are obviously shady. I mean would this really look like a good guide for all new coin devs to follow?
create some polls and ask.
1. should all new coins be launched with no windows qt and no pools?
2. should all new coins with no windows qt and no pools also get their diff jammed down super low whilst none of you windows users can mine?
3. should we later cut the minting back 75% so you guys that have no coins find it way harder to get a decent amount of coins in the future?
4. If we do all of the above should we air drop you guys a big bunch of free coins to make up for it?
answers i predict are...
1. Is that a serious question...nfw
2. WTF
3. EviL mofos
4. That is the least you can do!!!!
answers from drk coin instaminers
1. windows is for morons - ban windows wallets at launches
2. of course we love to see our wallets filling with easy coins
3. hehe of course pump my holding % up baby
4. I suddenly hate you ED, i'm dumping all my drk if you even consider such a move remove the poll right now.
Let's not argue further. You have your views, i have the facts. They would actually be in alignment if you were not holding dark and i'm sure they are in alignment regarding new coin launches.
Same for everyone, all scams are bad except if they are of benefit to ourselves at the time.
Drk is not the worst of them all, at least the dev puts in a lot of work. I personally wouldn't mind him having premined 10% and done a fair launch. Better than letting those linux coin rapists take it all.
Perhaps though like you say, hopefully some of them dumped out for cheap and didn't just spread their loot over multiple wallets.
