Topic: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation) - page 6. (Read 82637 times)

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:)

Additionally, there is a marked difference between the unavoidable occurrence of a criminal enterprise unrelated to us exploiting others for their personal gain (and dumping their illicitly mined coins on the open market) vs. a scammer who mined 15% of the total currency with his buddies within a few hours of launch. We have no evidence that those coins are on the open market at all, despite any claims to the contrary ("Evan said so" is not evidence).

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.

Disruptive technology is about destruction and the new world that rises from its ashes won't be built on the shoulders of a fraud.

Bad boy.  

The hard truth is that all of these Cryptonote and other "anon-altcoins" are not needed (and will never be needed) for 99% of users in a situation where DASH works as intended.
That is why their number one goal - to kill DASH, but do not develop their own coins. While Dash is still alive - all their "cryptographical fairy tales" have no practical meaning.
So resultative trolling and lies are the only hope for success for Monero and other "dreamers".

Obviously they will unite lots of very "best" people around this difficult and "intelligent" mission.
Good luck to their destructive community.  

I just wanted to piss off the regular trolls because I know that's just eating them up inside. I know, that was weak of me.

2. Instamined harder than any other coin out there  12.5% of the current minting was mined in the first day

Very quick diagnosis. The dash instamine matters because: even though BTC by all accounts had a fair launch, it still enjoys the label of ponzi by some in the media and still has yet to jump any mass adoption hurdles. What do you think this same media will do if dash were to make a play as BTC's replacement? Do you think a coin that looks, smells, and most importantly reads in Evan's own quotation marks as a fraud is going to be ushered to the throne without a massive media assault?  Because billionaires and governments like having their money replaced by a top heavy band of pseudo-cypherpunks with the moral compass of a fraternity next to a rohypnol factory. So yes, dash supporter, everyone is paid to get you, but ironically by your own hand. And if you think it is bad now, you have no idea of the shit storm that would be leveled at you if you even got a whiff of BTC's market cap.

If Evan had really wanted to replace BTC, he would have foreseen every thing I just outlined and realized there were only two options: 1. a fair relaunch or 2. admit it was an instamine and said "a dev has got to get paid how a dev has got to get paid". He didn't--he wanted the benefit of an instamine without the perception of greed, but didn't think far enough ahead to see his creation as a replacement for BTC and what the consequences of his actions would be if he ever truly got on the same playing field as BTC. The fact that his coin made it to the top five with this hanging over its head should be congratulations enough--the market rewarding his misplayed strategy with being the heir to Satoshi's kingdom is a pipe-dream wrapped in rainbows flecked with fairy dust.

No, I just don't believe you.  Goodnight. 

Yea I sometimes like to irritate obnoxious trolls. Does that make me a bad person?



The error in block reward calculation caused coins being spewed out faster than I anticipated, and I thought 5k coins was a lot at the time. Until I checked my miner's wallet. 

I hope that doesn't irritate you.

Well, that doesn't seem to stop you from drawing the conclusions that fit your agenda and stating them as facts.



I just wanted to piss off the regular trolls because I know that's just eating them up inside. I know, that was weak of me.

wut.. no premine but you have 5k to throw? 

I can't go through every post you've ever written, or read your mind, or use some magical impetus to divine your thoughts and actions.

If you want people to not think greed is your motive, simply stop insisting that others criticize your chosen project because they didn't profit from it the same way you did--also, you are aware that that isn't a selling point, but more of a "OK, I'm happy for you, but how does that benefit me in any way, shape or form?" point? Rhetorical.

Where did I reveal profit is my only motive? I might have one more motive, or even multiple, without not hating money conflicting with them.

I read the description of "INTJ" and didn't see dyslexia or reading incomprehension being descriptive characteristics of one.

Thank you for revealing that profit is your only motive and you can't wrap your mind around the fact that other people have different motives and presume (badly) that anyone critical of your profit is just jealous.

I'm an INTJ and it's just not what moves us.

That's not the same logic at all. Shove your straw man where the sun don't shine.

And I said I don't think there's anyone trying to say a lot of coins weren't mined fast in the beginning. I'm certainly not trying to. The only thing the one year old fast mine at the beginning matters now or in the future is that some people don't like it.

I have tried to instamine a lot of coins, some were successes, most weren't. It's funny though, the most profitable mines have caused the most controversy.

Some exchanges are staking PoS coins, did you know this? Are you angry about it?

Btw, how do you propose those "20 people" would collude using their >50% of the masternodes?

I don't know if the network chatter is the reason, maybe 1k is a nice round number, and maybe 3-4k nodes (eventually) is considered to be enough.

Just a little analysis:

You can still see the inputs scraped for all the masternodes here: https://chainz.cryptoid.info/dash/tx.dws?1702385.htm

You're only taking into account half the picture. Increase the value of everyone's holdings now, on the dollar of every future investor. Decreasing the value of everyone's holdings now, not on the dollar of every future investor, but your own.

Even you should be able to see this.

Well, people hand the exchanges thousands. In turn, the exchanges "take that money from the current masternode operators". Because the exchange doesn't have to purchase these coins out right, yet still will set up masternodes to collect/siphon money (from the MN reward structure) from the other people that have actually paid for their coins, they are encouraged to steal from these people. Not a good business model.

How many nodes have been created by pooled money? Is it even anywhere enough to change the numbers in the figure I posted? Is this service managed by one person? The people pooling these coins, do not own the nodes directly, do they? It is safe to say that the ownership of the masternode is more correctly described as being under control of the manager?

There won't be anywhere near enough of them so long as the collateral required is 1k, because even doubling the amount now still only gives less than 20 people minimum that could potentially collude and have control of >50% of the masternode network.

If the only argument to keeping the 1k number is to prevent 'network chatter' then the method is just not scalable to a real world application.

If you increase the value of everyone's holdings, no one is getting scammed. It's totally different than decreasing the value of everyone's holdings. Even you must understand this.

Can you explain the "take that money from them" part further, I'm not getting what you're trying to say. There are people with < 1000 DRK pooling together to run nodes btw. If there aren't enough of them to your liking, it's because the rewards are not good enough as the price of the coin is still very low. I'd expect the amount of people doing that to increase further if the price would let's say 10x.

So by your logic, a jury only convicted Madoff because they were mad that they didn't get in early enough? Rhetorical.  

I said Dash was instamined and I'm not letting you or Evan forget it or change names to distance yourself from it.

Not angry about the instamine. I'm mad that you think I should think it's OK and that Evan still claims it was an accident-- but thanks for illustrating your rationalization that most coins are instamined and therefore it is OK--reveals a lot about who you are and what you're about.