to try and minimize the cripplemine by using "current coin supply"
LOL that you think that is minimizing. We could use the total supply after 200 years like you are doing for Dash in which case the so called cripple mine is more like 1%
Topic: Unveiling the truth over the major Monero scam - page 12. (Read 69427 times)
LOL that you think that is minimizing. We could use the total supply after 200 years like you are doing for Dash in which case the so called cripple mine is more like 1%
There was never a wall of text lier; just 3 screenshots you are not able to read it seems, because you don´t want to, lier.
No need to step down, it´s fun to expose the dash scam lie marketing tactics.
No need to step down, it´s fun to expose the dash scam lie marketing tactics.
wall of unreadable spam
post a legitimate question or accusation and i will respond. i won't respond to an emotional wall of spam.
remember, the topic of this thread is the monero scam not DASH. try to stay on topic or i will have to report you for spamming off topic deflective nonsense.
The accusation is you are caught red handed lying 2 times in a row at least, respond now.
you're very emotional, i think it's time you stepped away for a bit and take a break, smoke a joint or something and get your head straight. you've already had to apologize once in the DASH thread today after accusing people of lying.
what are the 2 alleged accusations? no giant wall of unreadable emotional spam please.
Clinging to the idea that a year and a half is instant, or in any way comparable to a day and half, is just crazy. Seek help.
around half the monero coin supply has already been mined in a very short period of time compared to btc, ltc, DASH, Etc, etc, etc. you can call it a instamine or a fastmine or whatever, just don't call it fair distribution.One big difference- "the community" of dash voted to not relaunch a coin with some starting "issues" and then voted to cut supply to 25% what it was first launched with. The monero community decide to go the opposite path- to not break the social contract and not change emmision.
at least you acknowledge the unfair monero emission issue. they could have fixed it early on but it's too late now, the damage is already done. they should just relaunch with a fair emission curve and non crippled miner.
Lol theres nothing unfair at all, DASH didn´t vote at all, it was the fuhrer Eddufield to decide it, like always.
Why don´t u respond to the layed out lies scammer?
Clinging to the idea that a year and a half is instant, or in any way comparable to a day and half, is just crazy. Seek help.
around half the monero coin supply has already been mined in a very short period of time compared to btc, ltc, DASH, Etc, etc, etc. you can call it a instamine or a fastmine or whatever, just don't call it fair distribution.One big difference- "the community" of dash voted to not relaunch a coin with some starting "issues" and then voted to cut supply to 25% what it was first launched with. The monero community decide to go the opposite path- to not break the social contract and not change emmision.
at least you acknowledge the unfair monero emission issue. they could have fixed it early on but it's too late now, the damage is already done. they should just relaunch with a fair emission curve and non crippled miner.
wall of unreadable spam
post a legitimate question or accusation and i will respond. i won't respond to an emotional wall of spam.
remember, the topic of this thread is the monero scam not DASH. try to stay on topic or i will have to report you for spamming off topic deflective nonsense.
The accusation is you are caught red handed lying 2 times in a row at least, respond now.
MasterMined710. Please explain exactly why you think a smooth, published and unchanged, emission curve is unfair. It certainly hasn't enriched a few early adopters markedly.
wall of unreadable spam
post a legitimate question or accusation and i will respond. i won't respond to an emotional wall of spam.
remember, the topic of this thread is the monero scam not DASH. try to stay on topic or i will have to report you for spamming off topic deflective nonsense.
Clinging to the idea that a year and a half is instant, or in any way comparable to a day and half, is just crazy. Seek help.
around half the monero coin supply has already been mined in a very short period of time compared to btc, ltc, DASH, Etc, etc, etc. you can call it a instamine or a fastmine or whatever, just don't call it fair distribution.One big difference- "the community" of dash voted to not relaunch a coin with some starting "issues" and then voted to cut supply to 25% what it was first launched with. The monero community decide to go the opposite path- to not break the social contract and not change emmision.
Clinging to the idea that a year and a half is instant, or in any way comparable to a day and half, is just crazy. Seek help.
around half the monero coin supply has already been mined in a very short period of time compared to btc, ltc, DASH, Etc, etc, etc. you can call it a instamine or a fastmine or whatever, just don't call it fair distribution.
For the health of everyone still reading these threads and are scratching their heads, I'd like to share with you all a hopefully helpful reminder: http://pastebin.com/irj4Fyd5
All the best.
All the best.
Clinging to the idea that a year and a half is instant, or in any way comparable to a day and half, is just crazy. Seek help.
~2 months (XMR "cripple mine" ~7% of the current supply + spend $250k in mining costs)
vs
1-2 days (DASH to instamine 33% of the total current Dash supply + ~$1000 in cloud mining etc for 2 days)
Yes Monero is such a "scam". 
well at least you admit the monero 7% cripplemine scam. DASH had a 10% instamine distribution bug but it turned out to be a feature.
to try and minimize the cripplemine by using "current coin supply" is scammy and dishonest considering the highly hype inflationary monero emission curve where half the coins have already been mined in less than a year and a half, now that's what i call a instamine.
if it wasn't for the DASH instamine bug then there would only be like 4 million DASH right now compared to the current 10 million plus monero instamine.
and monero was launched months after DASH!
If all the evidence, or even most of the evidence in this thread is true, I would hope that we can all just let Monero die.....
the hypocrisy and shadyness of the entire project is just to much, and lets face it, the altcoin world and bitcointalk would be a much better place without it.
unless you like soap operas that is.
the hypocrisy and shadyness of the entire project is just to much, and lets face it, the altcoin world and bitcointalk would be a much better place without it.
unless you like soap operas that is.
Hello VANILLACOIN SCAMMER.
The only thing this thread proofed is, that we pissed off a lot of scammers on this forum, i like that.
If all the evidence, or even most of the evidence in this thread is true, I would hope that we can all just let Monero die.....
the hypocrisy and shadyness of the entire project is just to much, and lets face it, the altcoin world and bitcointalk would be a much better place without it.
Uness you likesoap operas decentralized anonymous transactions, an absence of dev-cult, and a fair distribution, that is.
the hypocrisy and shadyness of the entire project is just to much, and lets face it, the altcoin world and bitcointalk would be a much better place without it.
Uness you like
FTFY
If all the evidence, or even most of the evidence in this thread is true, I would hope that we can all just let Monero die.....
the hypocrisy and shadyness of the entire project is just to much, and lets face it, the altcoin world and bitcointalk would be a much better place without it.
unless you like soap operas that is.
the hypocrisy and shadyness of the entire project is just to much, and lets face it, the altcoin world and bitcointalk would be a much better place without it.
unless you like soap operas that is.
some more monero launch info....
Two points:
a) It's becoming obvious that the Monero trolls live in a glass house. Monero had its own issuance problems, with one guy receiving between 50% and 90% of all the coins in the first three months. Is it the current Monero team's fault? No, probably not. They inherited the broken miner and fixed it as soon as they were able. Did it ultimately affect the early distribution of the coin? Yes.
a) It's becoming obvious that the Monero trolls live in a glass house. Monero had its own issuance problems, with one guy receiving between 50% and 90% of all the coins in the first three months. Is it the current Monero team's fault? No, probably not. They inherited the broken miner and fixed it as soon as they were able. Did it ultimately affect the early distribution of the coin? Yes.
Let's not let facts get in the way:
Quote
By the time I got into it, developer "NoodleDoodle" (hey, this is crypto, people can pick whatever names they want -- Satoshi Nakamoto?) had already untwisted the first "de-optimization" with the AES encryption key.
Quote
By the 14th of May, we were 45% of the total hashing power on the coin. .. I think we exceeded 60% of the net hash of the coin at a few points
Quote
In the end, our game continued into July -- almost two months
Quote
We spent over a quarter of a million dollars renting cloud compute time
Quote
I don't personally own any, nor do I hold any Bitcoin - I mine and sell for the most part, to minimize my risk exposure.
Summary:
1. NoodleDoodle's commit was May 7, so the start of dga's mining was after May 7, or 19 days after launch. We know his hash rate reached 40% by May 14, or 26 days after launch. i.e. during most of the first month he wasn't mining at all.
2. Clearly his hash rate was below 50% for much of the time and only rarely (and not even with certainty) above 60%. There is no evidence it ever reached anything close to 90%, and certainly it wasn't close to that for any consistent period.
3. "Almost" two months, not three months.
4. He kept none of it.
This allows us to narrow down the maximum amount of coins mined by dga and his backers pretty closely:
Months 2-3 total coins mined was 1.37 million. Their likely overall share of roughly 50% makes that 685k. It could have been a little higher but we know from the above quote that they mined for less than two months so this seems a reasonable estimate. Which comes to right around 6.85% of the current supply.
If anyone thinks that a group of large miners and smart coders spending >$250K (plus a lot of coding work) to mine and sell 6.85% of the current supply during the second and third months of a coin launch is a disaster, then yes you should stay away from Monero.
~2 months (XMR "cripple mine" ~7% of the current supply + spend $250k in mining costs)
vs
1-2 days (DASH to instamine 33% of the total current Dash supply + ~$1000 in cloud mining etc for 2 days)
Yes Monero is such a "scam". some more monero launch info....
Two points:
a) It's becoming obvious that the Monero trolls live in a glass house. Monero had its own issuance problems, with one guy receiving between 50% and 90% of all the coins in the first three months. Is it the current Monero team's fault? No, probably not. They inherited the broken miner and fixed it as soon as they were able. Did it ultimately affect the early distribution of the coin? Yes.
a) It's becoming obvious that the Monero trolls live in a glass house. Monero had its own issuance problems, with one guy receiving between 50% and 90% of all the coins in the first three months. Is it the current Monero team's fault? No, probably not. They inherited the broken miner and fixed it as soon as they were able. Did it ultimately affect the early distribution of the coin? Yes.
Let's not let facts get in the way:
Quote
By the time I got into it, developer "NoodleDoodle" (hey, this is crypto, people can pick whatever names they want -- Satoshi Nakamoto?) had already untwisted the first "de-optimization" with the AES encryption key.
Quote
By the 14th of May, we were 45% of the total hashing power on the coin. .. I think we exceeded 60% of the net hash of the coin at a few points
Quote
In the end, our game continued into July -- almost two months
Quote
We spent over a quarter of a million dollars renting cloud compute time
Quote
I don't personally own any, nor do I hold any Bitcoin - I mine and sell for the most part, to minimize my risk exposure.
Summary:
1. NoodleDoodle's commit was May 7, so the start of dga's mining was after May 7, or 19 days after launch. We know his hash rate reached
2. Clearly his hash rate was below 50% for much of the time and only rarely (and not even with certainty) above 60%. There is no evidence it ever reached anything close to 90%, and certainly it wasn't close to that for any consistent period.
3. "Almost" two months, not three months.
4. He kept none of it.
This allows us to narrow down the maximum amount of coins mined by dga and his backers pretty closely:
Months 2-3 total coins mined was 1.37 million. Their likely overall share of roughly 50% makes that 685k. It could have been a little higher but we know from the above quote that they mined for less than two months so this seems a reasonable estimate. Which comes to right around 6.85% of the current supply.
If anyone thinks that a group of large miners and smart coders spending >$250K (plus a lot of coding work) to mine and sell 6.85% of the current supply during the second and third months of a coin launch is a disaster, then yes you should stay away from Monero.
Why you people even argue anymore. Monero was a scam. Period.
well we have to keep this post bumped so everyone will know "Monero was a scam. Period." we could not do it without all the easily manipulated emotional monero trolls bumping it for us, thanks guys. can i get another free bump please?
cripplemine
Jump to: