Topic: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation) - page 37. (Read 82615 times)

I do.

The uncontained seething and snarling originates from a misplaced sense of entitlement and a frustration that the market hasn't validated their point of view. (See my earlier post)

It's not exactly rare and I doubt there's a single case where a coin has taken off in the market and not left a trail of seething resentment behind where people dig up every reason under the sun for predicting its demise.

So be it. They may have a point, but the pluses now far outweigh the minuses and the launch of this coin is already ancient history as far as new buyers are concerned. Nor is the fact of alternatives coming on the scene going to affect it much because there are always going to be alternatives to everything.

This is one of the few originals in the history of alts and thats the bottom line. On top of that it's filling a glaring gap in the feature set of cryptocurrency technology, and on top of that it's not finished yet. The technical roadmap for this coin is such that it will nail down its dominance in this sector with belt and braces.

Whatever happened at launch, it's doing everything right now and the market's not arguing.

While i do see DRK as a great coin, i do feel let down how the block reward was "reduced" early in the piece, giving advantage to the early miners, and there is also the dispute about the windows wallet not being available, hence allowing linux geeks to mine it first.
Im still holding some DRK, but im reluctant to buy any at present, i wish i did when they were 60c though.

Because it's not a scam.

If it was, it would have been dumped to kingdom come and die 10 times over.

History tells the story... 5 months and growing strong.

Because even if it is scam investors see it as the most profitable that's why the price continue to rise. Will you invest in a non-scamcoin with no volume and no interested traders? 

if darkcoin is scam. why people buy and the price is rising?
i still don't get it..

Just stop with that scam lie. Scam coins have risen, dumped and died.

Numerous people have numerous times presented facts - and yet you fail to see.

But it's clear from your post you haven't thought that through.

It's not about drug money. Drug money are doing well with cash.
It's about privacy. That's mainstream. People don't want banks/gov anyone to look into their wallets.

it is useless to call scam

everyone knows Darkcoin is scam

but people on the internet are determined to make the scammer rich.

-shrug-

Darkcoin will NEVER make it as mainstream
as they will never find real sponser with a name like that.
nor will FINCEN let them get away with drug money. 


-shrug-  can't deny it has a heck of a bull run though.
amazing how people like to help scammers. hey, that's the internet.

Here are some facts about Darkcoin, in case anyone is naive enough to even read TEAM FUD posts.

1) Darkcoin is one of the very, very few, really innovative coin to exist. Major 2 features are:

Privacy - 100% anonymous transactions, safe, light and decentralised.
Proof of Service - 10% block reward going to the Masternodes solves node upkeep problems other coins are/may be facing

2) Darkcoin has been out for nearly 5 months, giving everyone fair chance to buy at many entry points:

0.000025 2 weeks after launch - forum trade
0.0005 in February, Poloniex
0.0012-0.0015 - all the way until April

There is still a time to join - price will continue to climb as the market for privacy is not to be underestimated.

3) There are no whale traders or whale miners holding millions.

Proof is in the market.
According to the TEAM FUD several people hold instamined millions.
If this was true, there would have been a huge dumps and run like many scam coins at 0.001, at 0.002, 0.005, 0.01.

Yet it never happened.
Another proof is by blokchain analysis of the first weeks, without Darksend. No big wallets, period.
Only big wallets now are the exchanges.
Show another coin resistant to the Pump N Dump attempts. There's none.


Here you can find the details about the launch:

https://darkcointalk.org/threads/the-birth-of-darkcoin.162/


To the TEAM FUD.
If you are not the trolls, then do something constructive with your time.
Develop better coin.
Help improve other coins.
Or at least be fair in your posts.

If you can't do it, you are just trolls, and as such will be ignored.

You should've started with this so I could've stopped reading immediately. Now I had to read 3 paragraphs before I was 100% sure you have no clue what Darkcoin is.

Don't lie! I bought @ 0.0005 at Poloniex, and it wasn't even a lucky dump catch nor the beginning.

Beside, you had the fair opportunity to buy for ~ 0.000025 on the forum using escrow. Check your facts before spreading FUD.



Even if it is cloned - once open sourced - any copy will be always several steps behind, without the dev, and will fail, same like 99% of other Bitcoin clones which brought nothing to the table.


I genuinely don't understand such a hate for something which brings something new and helps the whole scene.

Whether Darkcoin was designed to be a scam from the start, or just accidentally happens to be one of the worst launches in crypto history where block rewards are accidentally set 10x higher than they should be, this coin will obviously be cloned and re-released as a scrypt, keccak, or groestl coin with a more valid launch.

I decided to quit educating people on the fraudulent roots of DRK and will just watch and enjoy the show.

People pumping this bubble have huge pockets so it's very hard to tell when are they going to rape the dumb turds investing in DRK.

The lowest you could buy Darkcoin for was around .001 to .002.  The first real exchange it was on was Poloniex and was pumped almost immediately to that point.  It was basically not possible or unfeasible to mine due to all the issues I listed in this post:

https://bitcointalksearch.org/topic/m.6719823

So that means 99% of people who wanted anything to do with this coin were forced to buy in at .001 - .002 while the developer and a couple of his friends who flash mined it with Amazon instances, no windows release, and block rewards "erroneously" set to 500 instead of 50 owned everything.

These are the 100% honest to truth Darkcoin facts, as I have witnessed this coin since it's first arrival on exchanges.

There was a couple days interval before they pumped it to .001-.002, but at that point, people didn't know if the coin was even going to continue as is, or just be abandoned or re-launched due to it's failed launch with block rewards set to 500 instead of 50.

insstamining=pump, or who will pump? you?

Fair enough, let's see what happens.

Nice informative post. TFFT. At least I learned something from it even though I'm into some DRK.

I don't think it's not worth investing though - just don't throw a mortgage at it when it's high. That seems to be the approach people are taking in fact. If you look at the order book it's all sub-100 DRK orders now which is still a reasonable amount of BTC.


Although technically true, people should understand by now that 'better technology coming along' doesn't do jack sh*t to the valuation once a coin's got itself established in a particular sector and doing 'the job', so I don't think that's going to scare anybody.

Neither do I think the instamine issue will - I think it's more about jealousy and a misplaced sense of justice than anything else. I say misplaced because miners seem to think that developers have some kind of "code of conduct" to adhere to which, if broken, justifies their damnation to oblivion for evermore along with their precious coin. Well, that may be so in the mining community but I'm sorry, the market doesn't see it that way.

If you think a coin wasn't fairly launched then don't mine it. There are plenty of others out there to mine. But don't expect the market to pass over a totally viable asset according to its own set of priorities which will be different but no less ethical than those of miners.

Imagine how lucky those handful of linux miners that instamined 2 million in the first 24hours are so lucky the reward was HUGE, so lucky no windows miners, so lucky the diff was jammed down super low, so lucky the minting got slashed by 75%.... lol they were VERY lucky. I know you were one of these lucky people.

Really? you and your crystal ball seem rather useful. Buy 50k drk right now then if it's impossible to lose. Price is 950000  Impossible to lose? let's see.

To be fair though the thread is regarding the 2 million instamined drk in the first 24hours. If dark rises to 1 on coinmarket cap or sinks to 100 really does not change the facts presented in the OP regarding the shark like instamine and slashing of the minting.

Personally i consider it to have a lot more dev and community behind it, so although it could be a bubble now about to pop (which i think it is) it could actually be reaching fair price per coin now the minting is going to be so low. Who can say. However it was not a fair POW distibution, it was a captive instamine that was then pumped to a HUGE captive instamine later on. One of the most disgusting displays of outright greed from any coin dev and community.

It may take some time, but there will be a entire crop of drk/anon coins on their way now. Drk is in for some tough times. If you really believe ED is the only coder on this planet that can develop a decent anon coin i think you will see soon that you're very wrong.  I see a big correction back to 300000  or less in a few days.

Let's see what happens, but investing now in drk would be VERY risky. I wonder if you are selling right now. If you are smart you will be. I would estimate you have 300k or more DRK  yourself. I know you have a lot of hardware and operate linux  so you could have way more than that. I bet you're unloading a chunk at this point.


Anyway i no longer really care about drk as i did before, the dev really would have gone through with the airdrop i know it for sure, he took a big risk saying he would go through with it and then being forced by the community to pull out. Let's see what happens. He realised his mistake and tried to make up for it. Sadly it was too late and investors were never going to let that happen, although long term it could have been a smart move.

 I am more against drk setting a bad example to other devs who think they can instamine 12.5% in 24hours with no pools or windows wallets, then decide to cut their minting by 75%. Drk may have got away with it to a degree, other new coins must not be allowed to do so.

Let's see what happens with it, will it rise further or crash down. NOBODY really knows.

Losing money by investing in DRK? That won't happen. Imagine how lucky those are that bought it when it was worth 10 cents.