You of all people know this to not be true. I've accepted it, others have. Accept the instamine for what it was, an unfair almost scam-like attempt for Evan and a few others to get 2million Darkcoins.
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?
The distribution, Evan himself hardly sold any darkcoins. 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).
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.
As others have also said before, Bitcoin's parameters havent been changed at all. Everything is practically the same as when Satoshi first released.
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).
Evan fucked up bad by slashing Darkcoins coin supply and block reward, but as evidence shows it was basically intended from the very beginning.
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.
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?
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...
