Unveiling the truth over the major Monero scam - page 2.

Hueristic

legendary

Activity: 3836

Merit: 4969

Doomed to see the future and unable to prevent it

Quote from: dinofelis on March 10, 2017, 08:06:40 AM

Quote from: toknormal on March 10, 2017, 07:17:52 AM

Quote from: dinofelis on March 10, 2017, 03:09:27 AM

How can this be, if he got all the stash at the premine ?

He didn't. I don't know where you heard that.

Then who got the 2 million DASH mined with the buggy code in 48 hours ?

https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification

As to "many people were mining at that moment" is doubtful:

https://bitcointalksearch.org/topic/m.4596809

Yup that scumsucker cost most of us days while secretly mining And then changed the reward to mak his insta/Pre-mine worth even more.

https://bitcointalksearch.org/topic/m.4589150

https://bitcointalksearch.org/topic/m.4594096

And of course when they went back on their word of a relaunch they provided a functional wallet when it was too difficult to mine.

https://bitcointalksearch.org/topic/m.4595765

https://bitcointalksearch.org/topic/anndash-dash-dashorg-first-self-funding-self-governing-crypto-currency-421615

And of course win client pools not working when it was impossible to solo mine.

https://bitcointalksearch.org/topic/m.4599334

https://bitcointalksearch.org/topic/m.4601121

AND the awesomeness of EdTheFucktards programming skill.

https://bitcointalksearch.org/topic/m.4601903

And the difficulty lie gets caught

https://bitcointalksearch.org/topic/m.4603692

And math is just too hard for DuffTard

https://bitcointalksearch.org/topic/m.4606994

In on the scam from the start.

https://bitcointalksearch.org/topic/m.4608456

And since others have pool running now he trys to steal all the fools he already screwed by bringing them to his pool.

https://bitcointalksearch.org/topic/m.4612622

And here's a safe *cough compiled win version (from some Random russian: name translates to "I got TK'd" I thought that was amusing at least) for those that can't recompile the late win code for the first fork

https://bitcointalksearch.org/topic/m.4619266

OR you can trust this guys compiled miner, who cares if his nick is badman. Lol

https://bitcointalksearch.org/topic/m.4635044

And thats just the start of the second relaunch.

The shit just keeps rolling downhill on those morons that kept trying. The true believers did nothing but keep the network secure for scraps that didn't pay the lectric it cost.

Zer0Sum

legendary

Activity: 1588

Merit: 1000

Quote from: iCEBREAKER on March 10, 2017, 03:54:16 PM

Quote from: toknormal on March 10, 2017, 07:17:52 AM

Quote from: dinofelis on March 10, 2017, 03:09:27 AM

Quote from: toknormal on March 09, 2017, 04:43:38 PM

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%

How can this be, if he got all the stash at the premine ?

He didn't. I don't know where you heard that.

Quote from: dinofelis on March 10, 2017, 03:11:31 AM

A simple compound-interest calculation puts it close to 50%. Start with 100% of the stash when there were 2 million coins (the premine). Then apply the 45% interest on the mining and re-capitalize it until you reach 7 million coins or so.

The Lottery is a tax on people who are bad at math.

The Dash scam is a tax on people who are bad at math *and* don't understand the role cryptography plays in crypto-currency. Cheesy

In the last week 2 people with advanced degrees (dentist and an MBA)...
Asked me about Bitcoin... then completely zoned out about 10 seconds into the discussion.

About 50% of the transactions at my local gas station are Canadian lottery tickets with absurdly bad payouts.

So what is the common thread? = convenience, always convenience

This is why Bitcoin will never go mainstream... and no one gives a shit about ancient premine issues, etc

Boom... ETF denied.

iCEBREAKER

legendary

Activity: 2156

Merit: 1072

Crypto is the separation of Power and State.

Quote from: toknormal on March 10, 2017, 07:17:52 AM

Quote from: dinofelis on March 10, 2017, 03:09:27 AM

Quote from: toknormal on March 09, 2017, 04:43:38 PM

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%

How can this be, if he got all the stash at the premine ?

He didn't. I don't know where you heard that.

Quote from: dinofelis on March 10, 2017, 03:11:31 AM

A simple compound-interest calculation puts it close to 50%. Start with 100% of the stash when there were 2 million coins (the premine). Then apply the 45% interest on the mining and re-capitalize it until you reach 7 million coins or so.

The Lottery is a tax on people who are bad at math.

The Dash scam is a tax on people who are bad at math *and* don't understand the role cryptography plays in crypto-currency. Cheesy

cryptohunter

legendary

Activity: 2100

Merit: 1167

MY RED TRUST LEFT BY SCUMBAGS - READ MY SIG

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: toknormal on March 10, 2017, 07:17:52 AM

Quote from: dinofelis on March 10, 2017, 03:09:27 AM

How can this be, if he got all the stash at the premine ?

He didn't. I don't know where you heard that.

Then who got the 2 million DASH mined with the buggy code in 48 hours ?

https://dashpay.atlassian.net/wiki/display/OC/Dash+Instamine+Issue+Clarification

As to "many people were mining at that moment" is doubtful:

https://bitcointalksearch.org/topic/m.4596809

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: dinofelis on March 10, 2017, 03:09:27 AM

Quote from: toknormal on March 09, 2017, 04:43:38 PM

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%

How can this be, if he got all the stash at the premine ?

He didn't. I don't know where you heard that.

Quote from: dinofelis on March 10, 2017, 03:11:31 AM

A simple compound-interest calculation puts it close to 50%. Start with 100% of the stash when there were 2 million coins (the premine). Then apply the 45% interest on the mining and re-capitalize it until you reach 7 million coins or so.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: sui_generis on March 09, 2017, 04:49:53 PM

He got multiple hundreds of thousands on day one, that much is obvious. In addition, he compounded those gains by running masternodes when the return was around 20% per year. I would be very surprised if Evan did not have over 1 million Dash.

A simple compound-interest calculation puts it close to 50%. Start with 100% of the stash when there were 2 million coins (the premine). Then apply the 45% interest on the mining and re-capitalize it until you reach 7 million coins or so.

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: toknormal on March 09, 2017, 04:43:38 PM

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%

How can this be, if he got all the stash at the premine ? Didn't he invest in master nodes, getting him most of the mining rewards then ?

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: sui_generis on March 09, 2017, 04:49:53 PM

He got multiple hundreds of thousands on day one, that much is obvious.

All the estimates I've ever seen from both detractors and promoters put it at between 150 and 250 node's worth. Make it 3 or 4 if you like.

Quote from: sui_generis on March 09, 2017, 04:49:53 PM

In addition, he compounded those gains by running masternodes when the return was around 20% per year

1st = 250*1.2 = 300
2nd = 300 * 1.2 = 360 (Way excessive)

360,000 / 7,100.000 = 5% at best (if he's held the whole time and never taken any profits during the 4 massive spikes that have occured in Dash's history).

Biggest holder was actually Otoh - and his were bought, not mined. He was way past Evan at around 400 odd nodes which has served as a liquidity supply for OTC sales for the last 2 years. He's now down to around 77 = 1% of coin supply and no longer trades.

Quote from: sui_generis on March 09, 2017, 04:54:09 PM

security model....which we all know is a sham.

So much of a Sham that it's survived 3 years plus a recent DDOS attack without blinking despite a steady queue of green-eyed detractors making claim after claim of one exploit on top of another and how "easy" it is to "simply".....(don't think they've not been trying).

sui_generis

sr. member

Activity: 243

Merit: 250

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

Quote from: AndreaF on March 09, 2017, 09:07:26 AM

I'm not a Bytecoin supporter I have invested only ten dollar in Bytecoin I prefer other cryptocurrencies however Bytecoin whatever thing you can say about developers sincerity, that very likely have lied about the date, was easily available both for free with faucets, with hilariously low prices and easy to mine even with an home PC...

The problem is fundamentally that if there's a whale that owns 80% of the stash, he can manipulate it in just any direction. No coin, "however cheap" for the rest of the 20% that is available, is believable if someone owns 80% of it.

This is also the problem with DASH: most probably half of the stash is in the hands of Evan Inc. And a smaller but similar problem exists with ETH. With bitcoin, if Satoshi has still his keys, this is a problem too, but most probably, these coins are dead.

I had the impression that there are no monero whales of that size. That there is a power distribution of possession is normal: all assets are power-law distributed after a while. But there should be an upper limit to the amount that is in the hands of a single entity, so that it cannot entirely manipulate the market. Pump and dump, sure. Unavoidable. But not at a level that was the case with Bytecoin.

Don't forget that multiple aspects of Dash's security model depend on the decentralization of masternodes, which we all know is a sham.

sui_generis

sr. member

Activity: 243

Merit: 250

Quote from: toknormal on March 09, 2017, 04:43:38 PM

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%

He got multiple hundreds of thousands on day one, that much is obvious. In addition, he compounded those gains by running masternodes when the return was around 20% per year. I would be very surprised if Evan did not have over 1 million Dash.

toknormal

legendary

Activity: 3066

Merit: 1188

Quote from: dinofelis on March 09, 2017, 10:13:28 AM

most probably half of the stash is in the hands of Evan Inc.

1-2.8%

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: AndreaF on March 09, 2017, 09:07:26 AM

I'm not a Bytecoin supporter I have invested only ten dollar in Bytecoin I prefer other cryptocurrencies however Bytecoin whatever thing you can say about developers sincerity, that very likely have lied about the date, was easily available both for free with faucets, with hilariously low prices and easy to mine even with an home PC...

The problem is fundamentally that if there's a whale that owns 80% of the stash, he can manipulate it in just any direction. No coin, "however cheap" for the rest of the 20% that is available, is believable if someone owns 80% of it.

This is also the problem with DASH: most probably half of the stash is in the hands of Evan Inc. And a smaller but similar problem exists with ETH. With bitcoin, if Satoshi has still his keys, this is a problem too, but most probably, these coins are dead.

I had the impression that there are no monero whales of that size. That there is a power distribution of possession is normal: all assets are power-law distributed after a while. But there should be an upper limit to the amount that is in the hands of a single entity, so that it cannot entirely manipulate the market. Pump and dump, sure. Unavoidable. But not at a level that was the case with Bytecoin.

obit33

sr. member

Activity: 514

Merit: 258

Quote from: AndreaF on March 09, 2017, 09:19:37 AM

proof of what??

this

Quote from: GingerAle on March 08, 2017, 07:36:03 AM

Can you please provide examples of the copy and pasting into the Monero codebase?

Quote from: obit33 on March 08, 2017, 09:07:24 AM

Can you show some proof of monero-users accusing other coins of being a scam when they aren't scams?

Quote from: obit33 on March 09, 2017, 06:49:55 AM

Please, tell me which dnm uses another coins besides btc or xmr? This must be the most easy to prove question I asked you... will you avoid it again?

you're going on ignore, this is a waste of time

AndreaF

jr. member

Activity: 59

Merit: 10

Quote from: obit33 on March 09, 2017, 09:11:27 AM

Quote from: AndreaF on March 09, 2017, 09:02:11 AM

A coin accepted in a single store from not even a year second dark market coin... ROTFL
You are a complete moron that probably has spent a lot of money in Monero shit... A Monero Moron LOL
In addition I see how you try to pathetically change the point of discussion... I'm still waiting to ear what are the significant feature Monero added after Bytecoin copy\paste

Try again Monero Moron

As you will be able to see from my post history, I'm a long term xmr-hodler (since about beginning of 2015):
so, yeah, I spent fiat on monero, not too unhappy about it

If you refuse to see the added features (like lmdb), I can't help you, sorry...

I asked you for proof of 3 of your statements for 3 times now, but nothing...

bye bye now

proof of what??
the db isn't a major feature and even Bytecoin don't use memory. everything scam can be a god investment but only if you sold before crash consolidating the earn

obit33

sr. member

Activity: 514

Merit: 258

Quote from: AndreaF on March 09, 2017, 09:02:11 AM

A coin accepted in a single store from not even a year second dark market coin... ROTFL
You are a complete moron that probably has spent a lot of money in Monero shit... A Monero Moron LOL
In addition I see how you try to pathetically change the point of discussion... I'm still waiting to ear what are the significant feature Monero added after Bytecoin copy\paste

Try again Monero Moron

As you will be able to see from my post history, I'm a long term xmr-hodler (since about beginning of 2015):

so, yeah, I spent fiat on monero, not too unhappy about it

If you refuse to see the added features (like lmdb), I can't help you, sorry...

I asked you for proof of 3 of your statements for 3 times now, but nothing...

bye bye now

AndreaF

jr. member

Activity: 59

Merit: 10

Quote from: dinofelis on March 09, 2017, 08:18:02 AM

Quote from: AndreaF on March 09, 2017, 08:09:41 AM

this can proof that isn't all true what he stated not that He has mined all for himself...

The post is self-explanatory, no. If the white paper is already a big lie, why would one even bother. Imagine that Satoshi told the world in 2009 that he had published his white paper in 1998, but that nobody read it, and that 80% of bitcoin is now mined, and that it has been used by big banks since a decade or so. And then one discovers that he just did so three days ago, but has predated his genesis block by more than 10 years to do easy mining. Do you think one single soul would even buy a pizza with 100 bitcoin ?

Quote

and again you have strategically omitted all the rest of the content of my post for the second time in a row.

It doesn't matter. If you start out with such a big, discovered lie, then there's no point to bother further.

Concerning the botnet mining of monero, you are free to set up your own botnet, no ?

Is not a game about sincerity but about the fairness of the currency distribution. I don't deserve a fuck if the developer is a liar has some undeclared children, if he develop a valuable piece of code and allow me to get in without burn a lot of dollars to get few units of the coin.

You have ignored the main biggest point of discussions.

And this is the third time in a row.

AGAIN

Quote

you have ignored 99,9% of the post where I want to know in practice, HOW is supposed to be better a developers that not premine but with emission enterely controlled by few people with big cluster miners against developers that "maybe" have premined a big slice however everyone was able to get a very large amount of units for free with faucets and an extremely low price

How many Monero you can get? At what price? Who is that sold you Monero? How this assure a better distribution in real world?

Quote

First of all isn't proven that the developer premined before release, seems more a not properly distributed initial supply. Anyway even considering that developers have premined I would have agree with you if is proven that approach used by other coins assure most fair distribution. Unfortunately isn't the mined amount that decide this but how a common user can get a proportional percentage of the supply. Since the mining network can easily grab the most of supply forcing you to buy from them if you want some coin. Bytecoin was always easily mineable even from an home user with a notebook, was distributed for free in very large amount with faucets. Monero? If you want to get a decent amount of units you have to pay much money to big mining clusters most of them controlled by founders of the coin that have the most of the emission totally in their hands. How is supposed to be more fair this?

I'm not a Bytecoin supporter I have invested only ten dollar in Bytecoin I prefer other cryptocurrencies however Bytecoin whatever thing you can say about developers sincerity, that very likely have lied about the date, was easily available both for free with faucets, with hilariously low prices and easy to mine even with an home PC... Monero was pretty expensive and difficult to mine since day one because of large clusters that original owners\investors dispatched this is a FACT and this is the most important thing when I have to see what coin is more fair and grant a best distribution in real world. So in simpler word if Bytecoin is a scam because of initial mining Monero is a scam far more great and less honest

AndreaF

jr. member

Activity: 59

Merit: 10

Quote from: obit33 on March 09, 2017, 08:19:55 AM

Quote from: AndreaF on March 09, 2017, 08:17:04 AM

Quote from: obit33 on March 09, 2017, 08:00:50 AM

my question:

Quote from: obit33 on March 09, 2017, 06:49:55 AM

Please, tell me which dnm uses another coins besides btc or xmr?

your answer:

Quote from: AndreaF on March 09, 2017, 07:45:56 AM

Are you asking me to link Darknet websites? seriously? Oh please

so, nope, didn't ask you that...

What I said:

Quote from: obit33 on March 09, 2017, 06:49:55 AM

a darknetmarket (dnM) added xmr

your answer:

Quote from: AndreaF on March 09, 2017, 07:45:56 AM

Only ONE accepted XMR...1

yes, one indeed, like I said

Then you say:

Quote from: AndreaF on March 09, 2017, 05:50:56 AM

among newer anon-altcoin Anoncoin is why more used in I2P network, Dash is why more used in onion websites.

So can you explain then why transaction volume in dash has gone nowhere since launch? Proof: https://twitter.com/ARKblockchain/status/834841078234767360
Can you explain why anoncoin (launched in june 2013, so older than xmr) has only a marketcap of 25.000$? see here: https://www.coingecko.com/en/coins/anoncoin
I see that you don't even mention BCN anymore, quite telling...

Serious question: will you stop now making a fool of yourself? You have reduced your own credibility to 0...

I'm done here btw, no use continuing this nonsense...

best regards,

This depend on investors not on date and number of website and users that have adopted It. In term of adoption there is only a real crypto that has a real economic weight in daily transaction Bitcoin, all the altcoins that I have mentioned followed however are very far to be standard and are still a small niche.
Scream that Monero is the second coin adopted in darknet is a joke is over the limit of the bullshit. tomorrow I'll open a couple of marketplace that accept shitcoin so I can say that shitcoin is the largest alternative to Bitcoin LOL

Yep, I'm sure that your marketplaces will instantly be as big as the one that added xmr...

I don't normally resort to namecalling, but you by now have more than deserved your share...

You, sir, are a complete moron!

bye

A coin accepted in a single store from not even a year second dark market coin... ROTFL
You are a complete moron that probably has spent a lot of money in Monero shit... A Monero Moron LOL
In addition I see how you try to pathetically change the point of discussion... I'm still waiting to ear what are the significant feature Monero added after Bytecoin copy\paste

Try again Monero Moron

obit33

sr. member

Activity: 514

Merit: 258

Quote from: AndreaF on March 09, 2017, 08:17:04 AM

Quote from: obit33 on March 09, 2017, 08:00:50 AM

my question:

Quote from: obit33 on March 09, 2017, 06:49:55 AM

Please, tell me which dnm uses another coins besides btc or xmr?

your answer:

Quote from: AndreaF on March 09, 2017, 07:45:56 AM

Are you asking me to link Darknet websites? seriously? Oh please

so, nope, didn't ask you that...

What I said:

Quote from: obit33 on March 09, 2017, 06:49:55 AM

a darknetmarket (dnM) added xmr

your answer:

Quote from: AndreaF on March 09, 2017, 07:45:56 AM

Only ONE accepted XMR...1

yes, one indeed, like I said

Then you say:

Quote from: AndreaF on March 09, 2017, 05:50:56 AM

among newer anon-altcoin Anoncoin is why more used in I2P network, Dash is why more used in onion websites.

So can you explain then why transaction volume in dash has gone nowhere since launch? Proof: https://twitter.com/ARKblockchain/status/834841078234767360
Can you explain why anoncoin (launched in june 2013, so older than xmr) has only a marketcap of 25.000$? see here: https://www.coingecko.com/en/coins/anoncoin
I see that you don't even mention BCN anymore, quite telling...

Serious question: will you stop now making a fool of yourself? You have reduced your own credibility to 0...

I'm done here btw, no use continuing this nonsense...

best regards,

This depend on investors not on date and number of website and users that have adopted It. In term of adoption there is only a real crypto that has a real economic weight in daily transaction Bitcoin, all the altcoins that I have mentioned followed however are very far to be standard and are still a small niche.
Scream that Monero is the second coin adopted in darknet is a joke is over the limit of the bullshit. tomorrow I'll open a couple of marketplace that accept shitcoin so I can say that shitcoin is the largest alternative to Bitcoin LOL

Yep, I'm sure that your marketplaces will instantly be as big as the one that added xmr...

I don't normally resort to namecalling, but you by now have more than deserved your share...

You, sir, are a complete moron!

bye

dinofelis

hero member

Activity: 770

Merit: 629

Quote from: AndreaF on March 09, 2017, 08:09:41 AM

this can proof that isn't all true what he stated not that He has mined all for himself...

The post is self-explanatory, no. If the white paper is already a big lie, why would one even bother. Imagine that Satoshi told the world in 2009 that he had published his white paper in 1998, but that nobody read it, and that 80% of bitcoin is now mined, and that it has been used by big banks since a decade or so. And then one discovers that he just did so three days ago, but has predated his genesis block by more than 10 years to do easy mining. Do you think one single soul would even buy a pizza with 100 bitcoin ?

Quote

and again you have strategically omitted all the rest of the content of my post for the second time in a row.

It doesn't matter. If you start out with such a big, discovered lie, then there's no point to bother further.

Concerning the botnet mining of monero, you are free to set up your own botnet, no ?

Topic: Unveiling the truth over the major Monero scam - page 2. (Read 69459 times)