[DISCLAIMER: See disclaimer of conflict of interest at the bottom]
Monero Ninja Launch:There were multiple threads started in the wrong place so dev team could benefit before most even knew it had been launched. The Monero ANN thread is not the original ANN thread which is a immediate red flag and first sign of a scam coin. Some say the name (Bitmonero/BMR/MRO) was changed to cover up the launch issues and association with the original monero scam developer (thankful_for_today) that was "supposedly" kicked out, but he could have just changed his name to "groove" or "puffypony" and continued.
How many threads does this coin need?
One in the right place, apparently
At least 6-7% of the total supply affected (Possibly 10-15%)
1.37 million plus monero mined with optimized miners while scam dev team led by thankful_for_today pushed a crippled miner on everyone else.
Months 2-3 total coins mined was 1.37 million.
Minting Money with Monero ... and CPU vector intrinsics
August 28, 2014
"The original developers deliberately crippled the miner."
https://da-data.blogspot.de/2014/08/minting-money-with-monero-and-cpu.htmlMonero Fastmine:The monero cripplemine was bad but the fastmine is where the most unfair distribution took place.
Monero has a highly inflationary emission curve where around half the coins were mined in the first year and will have "Roughly 86% mined in 4 years".
By comparison, Bitcoin is almost 7 years old and only has 75% mined. It will take them another 4+ years to get to monero's 86%.
So it will take BTC & LTC ~11+ years to get to ~86% mined and monero only 4 years. It will take DASH another 20 years to get to 86%.
monero had ~750,000 coins mined the first 4 weeks (btc ~210,000) which is way faster than normal
i think a cripplemined fastmine best describes monero.
They knew it was a problem but did nothing......[BMR] BitMonero emission curve change (proposal)
https://bitcointalksearch.org/topic/bmr-bitmonero-emission-curve-change-proposal-585480[ANN][MRO] Monero - an anonymous coin based on CryptoNote technology"It was said that this coin had a mining reward schedule similar to bitcoin. In fact it is twice as fast as intended, even even a bit more than twice as fast as bitcoin.
If you acquired your coins on the basis of the advertised reward schedule, you would be disappointed, and rightfully so, as more coins come to into existence more quickly than you were led to believe." smooth
https://bitcointalksearch.org/topic/annmro-monero-an-anonymous-coin-based-on-cryptonote-technology-582080Incentivised by the massive amount of fastmined coins spilling out, the coin was heavily Botnet mined....https://bitcointalksearch.org/topic/m.7771469See also: Monero Stealth miner issue
Unveiling the truth over the major Monero scamhttps://bitcointalksearch.org/topic/unveiling-the-truth-over-the-major-monero-scam-755840
Dash's privacy feature has never been broken - Turns out Monero's privacy feature has never really worked to begin withhttps://www.reddit.com/r/dashpay/comments/65fz68/dashs_privacy_feature_has_never_been_broken_turns/Press reports on monero privacy issues:Monero Privacy Protections Aren’t as Strong as They Seem | WIRED 2018
https://www.wired.com/story/monero-privacy/
Monero [XMR] Privacy Protection May Be Deficient - 2018
https://globalcoinreport.com/monero-xmrs-privacy-protection-may-be-deficient/Monero has some real issues! 2018
https://news.ycombinator.com/item?id=16688416Monero Transactions History Can Be Revealed and Exposed: Researchhttps://cointelegraph.com/news/monero-transactions-history-can-be-revealed-and-exposed-researchCryptoNote Currency Bug Allowed Creation of Unlimited Number of Coinshttps://www.cryptocoinsnews.com/cryptonote-currency-bug-allowed-creation-unlimited-number-coins/Warning: Every CryptoNote/Monero transaction in history will be retroactively exposedhttps://steemit.com/cryptonote/@macrochip/warning-every-cryptonote-monero-transaction-in-history-will-be-retroactively-exposedFundamental monero security flaw, Chain Split attackWhat chain splits mean for Monero - 2018
https://youtu.be/TlVsMTeT_nEA well-respected cryptographer earlier this year released a tool called
http://www.monerolink.com, where you can link all transactions from 2014-2016 with 100% (due to blockchain timing analysis apparently), and all transactions from 2016-2017 are linkable with a probabilistic distribution dependent on mixin size. So they have a table on the site, 1 mixin transactions are linkable 86% of the time, 10+ mixin transactions are linkable 22% of the time. Monero has fixed this bug since January of this year, but if you used monero on a DNM between 2014-Jan 2017, BEWARE!
It Turns Out Monero’s Privacy Coin Wasn’t So Private After All By Robert Johnson on August 2, 2018
Reports out today highlight yet another security vulnerability within Monero XMR, a cryptocurrency designed for optimum privacy. Now we already know of the associations between Monero and malicious mining, but this marks another example of how XMR traders and investors have been put at risk, simply due to the markup of the currency.
https://cryptodaily.co.uk/2018/08/it-turns-out-moneros-privacy-coin-wasnt-so-private-after-all/US DEA ‘ACTUALLY WANTS’ CRIMINALS TO KEEP USING BITCOINSpeaking about altcoins, specifically Monero and Zcash, whose privacy-focused technology has likewise come in for flack from naysayers, Infante said that even these were not beyond the DEA’s radar.
“We still have ways of tracking them,” she added.
https://bitcoinist.com/dea-wants-criminals-use-bitcoin/DISCLAIMER: I am a DASH fan and I do not deny a conflict of interest. Nevertheless I endeavor to be factual and I suggest that readers consider the facts, check the facts, reach your own conclusions about what happened and how it matters today, and finally to avoid the temptation to attack the person stating the facts or the coin(s) with which he might be associated
They drew first blood. This thread was Creatively inspired by...
Why the darkcoin/dash/dashpay instamine matters
https://bitcointalksearch.org/topic/why-the-darkcoindashdashpay-instamine-matters-999886===================================================================================
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LOL that you think anyone cares or is ever going to care about MasterMined710's made up terms.
By contrast (and indicating how pointless this troll thread is), I didn't make up the term "instamine". There are multiple threads calling out the massive DRK instamine scam before I even knew what the hell a DRK was.
the term "instamine" was created or at least spread by some monero supporters on another website where they were promoting monero over Darkcoin/DASH.
the term "fastmine" has been around for a while too and like instamine there is no exact meaning. fastmine refers to coins that had a lot of coins unfairly mined in the first few weeks, months or years. it could also apply to coins where all the coins were mined in the first few days or weeks and then they switched to POS mining.
monero is a fastmine, i did not make up that term.
if you want to say DASH is a instamine then that's fair too.
i may have been the first to coin the term "cripplemine" but it is a accurate description of what happened with the monero crippled miner scam early on.
Really now?
Topic: SCAM Darkcoin instamine 2 millions DRKs (50% of darkcoin in circulation)
Monero didn't even exist yet.
Or, earlier, the first known XCoin/Darkcoin/Dash instamine accusation:
This even earlier comment should help with your 'noobness':
Sorry for my noobness, but I hear many coins being accused of instamining, but I couldn't figure it out with a dictionary, google search, etc.
Please, what does it mean and how does it affect the coin in the long term (consider I invested in a certain coin being accused as such).
Thank you!
When a coin is born, if the initial difficulty to get a block is too low, you can get a ton of coins (blocks) really fast if you get in early. The coin is instantly mined.
Similarly, when a coin is mined to almost completion in a very short period of time some people consider it's been instamined as well.
like i said, iloveanoncoin is/was a anoncoin (ANC) (Edit: and monero) dude who used to troll Darkcoin (DASH) back in the day when we we're seen as competitors. EDIT: and the website where it was spread was cryptome, monero trolls used to link to it all the time.
there is no concrete definition of instamine but i would support both of TBCM's different definitions of what a instamine is. i would say that by his definition DASH would be a "accidental instamine" though, a bug in the code that was fixed.
that's different from coins that are specifically designed to have a "instamine".
look, i think we agree, i already said i think it's fair to call DASH a instamine but to be completely accurate it would be a "accidental instamine".
not sure how we got so far off topic in this "monero" cripplemined (intentionally not accidentally) and fastmine (intentionally not accidentally) thread but we need to stay on topic. DASH is not the topic of this thread, if you would like to start another thread i would be glad to discuss DASH. thanks
