Post
Topic
Board Altcoin Discussion
The truth about Darkcoin's instamine
by
winteriscoming5
on 06/03/2015, 23:39:43 UTC
Here is what Evan Duffield doesn't want you to know:



I'm glad you brought up the Darkcoin whitepaper, because it includes this gem: "DarkCoin replaces abrupt reward halving with a reward curve, 2222222/(((Difficulty+2600)/9)^2). The maximum and minimum amounts are set to 25 and five respectively."

This would mean a maximum daily block reward of 576 x 25 = 14 400 DRK. Reality begs to differ:


If implementing such a simple formula can't even be done correctly, then it would seem your trust in your "dev" is deeply misplaced.




Ok so then I went and got the formula from the Darkcoin OP as it was 3 weeks after launch, which was "Block reward is controlled by moore's law: (11111 / (((Difficulty+51)/6) ^ 2))", and I graphed them all:


So reality doesn't match any of the claimed block reward formulae, and this is deeply concerning because changing the social contract destroys the trust (or SHOULD destroy the trust) between the community and the developers of the cryptocurrency.


All of this information and more can be found in greater detail in the following thread:

[DRK] Darkcoin is NOT Anonymous? Possible Proof inside --> https://bitcointalk.org/index.php?topic=978447.0