Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1053. (Read 4670673 times)

Not permitting people to talk about DRK in an XMR thread and XMR in a DRK thread is as silly as having an AMD forum where posters can't discuss Intel.
As silly as prohibiting Samsung users and developers from discussing Apple.

Icebreaker doesn't work for Monero or even with Monero (we do have various conributors and people who work closely with us besides the core team, but he's not one of them). It's not reasonable to think that just because he likes Monero that we get to tell him what to do right?

I can ask him to not spam Monero stuff over there (and he'll see this post so, icebreaker, consider this such a request) but if he wants to comment about DRK on the DRK thread that is ultimately on-topic and his call.

It took me a while to write the answer to Joshuar, and hadn't see that you wrote a reply... I'll reply to your reply in the other thread, no worries.

Btw, I actually came for a whole different reason to the XMR thread and then I got caught up with the DRK instamine discussion which I found. Anyway, it was actually more of a request... please ask IceBreaker to refrain from trolling the DRK thread if you can. Some of us DRK holders, also hold multiple anonymous currencies to cover the whole anonymous segment (or the more promising candidates of that market). There is no reason for such a fight. Over and out.

AlexGR please be polite and take it to the other thread, unless there is some relationship to Monero. It's valid to respond when comments are made here but the entire discussion doesn't have to happen on an OT thread. If this were the DRK thread and we were talking all about Monero for multiple pages that would off topic too right?

Looks like your blockchain file got corrupted during shutdown. You should download a new one, the link is in the first post of this thread.

Some of us who follow DRK closely know who the DRK whales are / were and we know their stories. Personally I've talked with most of them (or if I haven't, I've read their stories). I know how they got their DRKs and this pretty much narrows down what Evan has. It's not two million and it's not one million either. If my assessment is correct it should be closer to 300k coins - some of which he probably bought for 0.25btc/10k DRK. I believe he must have suffered serious losses with the Mintpal "confiscation" and consequent dumping at market prices.

I was also there while wave, after wave, after wave of dumping was happening every day at Cryptsy near the 0.0012-0.0016 range. Every day the same bitching "ohhh the dumping". We're talking quantities that were multiple the daily production. How can the instamine be ...intact if all this dumping had occurred? But now we are >10x that price with 0.017, so, in retrospect, it was very cheap distribution.

Same with thousands of coins during the first exchange days. Quite a big volume in DRKs (not so much in BTCs) at insanely low prices (0.000020-0.000080 then 0.000180, then 0.000500, then it got to 0.002 before the c-cex hack of 330 btc which brought huge reshuffling in the market). Hacker bought DRKs up to 0.008, moved them to the poloniex and was selling/dumping them for 0.0008-0.0012... again, significant re-distribution of coins.

Then you have the May pump... you have coins that you have acquired at 0.000025 up to 0.001x and the price goes 0.028 by the massive whale, which IMO was probably a stolen-BTCs-whale playing with various altcoins and having DRK as his "pet"... so at that point, the market took over the redistribution.


Does that change the measurable financial impact of each 'scam"?

DRK's instamine was worth 50 BTC at the time it happened and for 3 weeks. That was its market value. That's just the first BTC block (=50BTC)

DRK's instamine today is worth 34.000 BTC. That's its current market value. That's not even a week of solomining BTC with 7200BTC/day. And yet DRK wasn't solo'ed, nor was the initial distribution kept intact (unlike Bitcoin).


The reward was changed many times. First came the difficulty scare with the cpu whale that people thought he was a GPU miner which reduced reward... But it was also a problematic approach (I thought it was a security vulnerability) because it gave incentives to DDOS pools to reduce overall hashrate to get the higher reward. And thus I notified Evan and he issued a patch to lock the GPU reward structure into place. Then the initial formula would not produce more than 10mn coins despite the 84mn theoretical. People asked for more, they got more, then there was another round of whether to reduce it and it became what it is now. Then came masternode mining and tweaks on how many each masternode was getting.


It already had a failed launch and relaunch. Twice might be perceived as a joke. If you go down the conspiracy road, then you can also say that if he relaunched twice, someone could come along and say 'ohhh we know why you relaunched twice... you wanted us to think that this is a shitcoin with a shit dev so that nobody bothers while you solo-mine it and then you added DarkSend to give it value... all this "I'm useless / shitcoin" was just a facade to leave you alone while solomining the supposed fail-coin".

Give me any scenario where there is a genuine trouble and I will find you a dozen accusations that can ensue. And I remember at least 15 genuine problems with DRK over time... whether forks, security-related, MN-related, etc...

Ok, so I finally got around to reading a bunch of threads I missed before entirely. https://bitcointalksearch.org/topic/unveiling-the-truth-over-the-major-monero-scam-755840

Here, I'm accused of being a bought account by Come-from-Above in a ridiculous conspiracy. Lol, nothing has made me laugh this hard in quite some time.

Agree

If you don't mind please move your comment to the other thread I noted above, as this is not directly relevant to Monero any more.

Damnit, only 16 votes!

The distribution by the actual/main "instaminers", We have "no" evidence of Evan himself selling any darkcoins from any of his posts. His partner internetape at least still has 100k darkcoins from the instamined days, thought probably more(I wont entirely believe what he said in one of his posts).

As others have also said before, Bitcoin's parameters havent been changed at all. Everything is practically the same as when Satoshi first released it. Evan fucked up bad by slashing Darkcoins coin supply and block reward, but as evidence shows it was basically intended from the very beginning. If he didnt do that then there'd be no instamine talk today. A good question is also, why didn't he just rerelease Darkcoin without the instamine?

Before I used to let my investments do the talking, now Im more into ethics, so I wont stand by Darkcoin or Dash's side with such a literally scammy past behind it.

I only addressed distribution (and made an economic assessment of the scam itself in parallel/contrast to bitcoin) - not the fact of the instamine (which for most PoS/PoW hybrid coins it's a feature anyway).

What part specifically is a lie?

You should stop.

Run 3 threads (the formula is L3 cache divided by 2 MB). 7 is much too high. 3 will probably give you the best performance, less system load and less heat. If it is still hot you can reduce to 2.

Get a utility that reports your CPU temperature and if it gets too high then stop mining, but this shouldn't be an issue if you don't have the vents blocked or something. Once you cut threads you may find the fans quiet down, which is a good indication of reduced heat.

I am new to mining coins and want to mine this one. I have it running on my laptop and want to make sure that I will not burn it out by letting it mine 24-7. My computer is running Windows 8.1 and the specs are Processor   Intel(R) Core(TM) i7-4700MQ CPU @ 2.40GHz, 2401 Mhz, 4 Core(s), 8 Logical Processor(s).

I am using Wolf's CPU miner and it runs 7 threads. The fan is always running so do not want to burn it out. I got this from my parents for Christmas and was just hoping to get some valuable coins.

As I said I was speaking generally and just pointing out some of the complications. It's also true that some of us are available on different schedules, have varying commitments, etc. so in some cases this could very well work. I was sort of agreeing with both of you, not one or the other. It depends.

I appreciate your efforts to brainstorm on funding ideas and I hope my comments are not seen as discouragement or rejection because it wan't intended that way.

you guys are always pointing out how the project is basically unfunded and you do great work under those conditions no doubt. but i just want to do what i can to help with this situation for 2 reasons, for the good of monero, but also because you guys should be compensated for the work you do. and the thing is, i just dont think that panhandling is ever going to get you the sort of consistent and appropriate compensation you should be getting, and monero should be getting.

Sure. I mean if that's the case with all of you guys than thats fine. But i figured that maybe one or two of you did contract work and we could hire those one or two. In the event that all of you have very traditional employment relationships, than its not necessarily out of the question that we could possibly raise enough money to fund you for a year. if we didnt, than no harm done, everyone gets their money back, thats the beauty of crowd funding.

Though if a 1 year + commitment was required that would lend some weight to what opennux was saying.

Speaking in general terms here, its pretty hard for someone to give up ongoing current employment for a commitment of only three months of pay. Some people in some circumstances might be able to take a leave of absence or something and then have a job to go back to, but in general that doesn't really work unless people are by nature temporary workers or the like. Without a big chunk of funding to actually hire people ongoing (at least a year say) you are ultimately stuck with "available time" for the most part.

Its logically more relevant to speculation given that the coins trade on the same markets, sometimes move together, sometimes opposite, and the future prospects of both coins are in some sense related to the other. I don't see how you can discuss speculation without that.

It doesn't directly relate to technology development or use of the coin itself to discuss other coin except as direct feature comparison maybe. I don't have a problem with responses to issues already discussed here though; no reason to be one sided about it. If you were showing up cold and spamming about DRK that would be different.

We match what their current employment is paying them for like 3 months and only ask is that they work on the project full time (i.e. 40 hours a week) for 3 months and that would be too hard of an obligation to keep? So difficult that we would risk them breaking their promise? That doesn't sound right to me.