Topic: [XMR] Monero - A secure, private, untraceable cryptocurrency - page 1055. (Read 4670673 times)

No sir I don't. I feel like I just shined a light in a dark corner and now the cockroaches are dashing around frantically trying to get back into the dark. No mud in sight.

"It really does depend on the specific nature of the thread and post.
This post specifically discusses the technology behind darkcoin, not its value or potential in the future, if a post discusses the technology behind the privacy and cloaking mechanisms of a cryptocurrency then it's fine"

First of all, being buried in a huge FAQ is not "out in the open". Is it stated on the OP along with the coin parameters? Is it included in specifications page on the web site? Those are places where normally relevant facts and parameters about the distribution of a coin are stated. Answers: No and no.

Second, if this is all "out in the open" why do DRK supporters get so upset about it being discussed, attack the person discussing it (including claimed doxing, though I doubt that was accurate), go onto other coin threads complain about it being discussed, etc.?

Third, the DRK FAQ itself is little more than a vehicle for further deception:

1. It claims the instamine took place over 48 hours. In fact the main part of the instamine (>1.5 million coins) happened in under 8 hours

2. It claims definitively the coins were sold/distributed (and makes other unsupported statements) when in fact this is entirely unproven and in fact unprovable.

3. It offers no disclosure about some relevant events surrounding the instamine that cast a negative light:

a) Evan promising not to launch for a few days and then doing an ambush launch shortly thereafter with 2 hours notice.

b) That there was a "serious error" in the code during the first two hours of the launch, during which time >700K coins were mined by someone somehow.

c) Any statement about the goals or planned features for the coin was withheld until after the instamine was over. In order to have any reason to mine this coin during that time you would have to literally mine every single generic featureless coin launch, or simply be extremely lucky, which is implausible for any outsiders. In this way the instamine was effectively a premine.

d) Several cuts to the mining reward that were made later (including redirecting them to masternodes i.e. existing coin owners), increasing the relative size of the premine.

Ask yourself: why is it that every single thing that has ever happened before during and after the launch, as well as the subsequent supply of the coin, had the effect of decreasing outside participation and increasing share that benefits insiders? If these were a "mistake" or "accident" you would expect half to fall one way and half the other. Sorry, I don't buy this "coincidence"

Have fun with your instamined/premined scam coin, and go right on running it up as high as it'll go, just don't expect others to remain silent about it.

Plotted by time says much more (the diff adjustment being so wrong - supposedly by mistake).
https://i.imgur.com/dSe9cRz.jpg

But you do not know which horse will drink until you get them to water--so we(those who give a shit about privacy) place facts (like water) out for the horses and let them decide.

If the horse refuses to drink, what good is it? The strong prosper and the weak perish, regardless of your futile interventions. Such is life.

Yeah, inexorably this leads to an annoying dispute and trolling. Although much of the critics against Darkcoin are valid, every day with this same subject is really tiring.

Just a remember about buying these coins for profit: Darkcoin and Monero are being pumped by an individual (Otoh at Darkcoin, and rpietila at Monero) or a small group of individuals . Maybe they are doing this just to help in the promotion of these coins, the volume of these two coins increased a lot in the last weeks, not just the price. So, be careful. Even they being well-intentioned and well-respected in these communities, we don't know how much and until to these rallies on prices will remain.


Block rewards says much more: 500 coins until block #4501, 56 blocks starting #4502.
http://explorer.darkcoin.io/b/A1nDbknep

Thanks

You sound like a corrupt politician absolving himself of responsibility. Just because you can't make a horse drink water doesn't mean you lead him further into the desert.

http://wiki.darkcoin.eu/wiki/FAQ#Was_Darkcoin_Instamined.3F

I have searched the website and FAQ and didnt find anything about the instamine. If I'm wrong link me to it please.

That's not something that you, or anyone in fact, can stop. People will do what they want, and face the consequences accordingly.

The sooner the better.

Saying it was an oopsy-mine is not the same as saying it was a fabrication intended to deceive people and the dev was actively trying to line his and his friend's pockets--which added to the linux only release seems like the most plausible story.

Yes, but burning how many people with it as it crumbles?  And financially burning would be the least destructive outcome, what if there are serious repercussions due to compromised "anonymity"?

This could lead to people having their lives turned completely upside down and ruined by governments.

You should know that for something to be fraud, there must be deception. As I've stated before, the DRK instamine is well known. DRK has FAQs that address it. It's 100% out in the open. You can call it unethical, but ethics are subjective. There are those who would say that gambling is unethical. As far as security goes, nothing is 100% secure until we're all using open source hardware. Haven't seen any commentary on that far more important issue. (Suggestion: incorporate the development of an open source hardware storage device into the Monero objectives/mission statement as Skycoin has done. https://bitcointalksearch.org/topic/m.10594612)

Monero has way more to gain by building itself up than by tearing others down. If DRK is built on a flawed foundation, as you seem to think, then it would follow that it will eventually crumble.

Most people in Monero are not in Monero to play safe, or to invest, or whatever people call it when they are in an altcoin for profit.

Monero has this very particular thing in altcoinland, that supporters are not there primarily for the profit. I know it's hard to figure, but it's true. Many early adopters are still underwater today (I am personally, and with no small amount); the core team, who are no random guys, are funding development largely out of their own pockets; yet Monero is steadily florishing since almost a year now and more and more people are spending time building stuff to make it more useful.

Personally I am in Monero out of fascination for the highly elegant technology, for the social importance of it, and for the community dedication behind it. Only once it has happened to me before, with Bitcoin. I can't speak for everybody, but I am confident it's a largely shared feeling around here. So please keep all your investment crap in other altcoin threads, that doesn't belong here. (At best, in speculation thread).

At the time I held grudges against ASICs and people buying them as I was mining with a small GPU rig myself and no desire to buy any ASIC as it was clear they would never ROI and would benefit only the companies making them (or pretending to make). But I accepted the fact that the time window of profitable small time mining had passed and got over it.

LOL, you are on a troll, I mean roll. I lost 350 pounds with Alpha, 250 USD at Gox. I consider this a memory of crypto. A small price to have paid.
I did get my Monero back from the Mintpal scam a few weeks back, got in BTC relatively early, but thanks for your care! eheheh

Lots of Love to you,
Don't forget,
Its about sharing

I think "investing" is about much more than profit. I would not feel good investing in military companies and profiting via war/killing.
Likewise, but on a much lesser level, I would not want to profit from an instamined coin who has potentially serious security issues. Another moral issue that I stay away from.
That is an investment in a future failure and it brings the whole ship down with it and does wonders for destroying the image of Crypto.

So, one should not equate brain dead people with exposing fraud, security issues, etc.
I'm not gonna name call but what do you call those who associate themselves with that?

Everyone knows about the instamine. There have been tens of threads about it, with tens of thousands of views. The DRK community isn't even trying to hide it FFS! Do you guys think you're accomplishing something? My view is that very few people actually care about the instamine (outside of competitors), but hey, I could be wrong. That's why I played it safe and got into Monero.